GATES RANCH B

Operated by WHITE OAK OPERATING COMPANY LLC (P-5 916954) in the CATARINA, SW. (OLMOS N-2) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 140759District 01Field 16340604CondensateGasSaveExport
Value, all time
$265 k
Jan 1993 – Dec 2016
Value, last 12 filed months
$0
at the published price for each month
Months reported
288
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 6 leases and 6 wells, and the rule below applies to all of them.

Discovered
1990-10-03
as the register files it
Field class
Gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 03/01/97.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition869 bbl$21,004
GasProduction87,314 Mcf$244,391
Total$265,396

35,775 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Every month this lease reported (288)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

288 months

Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20142089.394.04$179
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 201318094.834.15$1,707
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 201201289.383.40$41
Sep 201204094.672.92$117
Aug 2012040592.662.91$1,178
Jul 2012043285.133.02$1,305
Jun 2012960179.822.52$2,232
May 2012737491.612.49$1,572
Apr 20120393101.652.00$785
Mar 20120431105.052.22$958
Feb 2012034101.102.57$87
Jan 201203898.092.73$104
Dec 201103196.873.24$100
Nov 201102795.723.31$89
Oct 201103584.983.65$128
Sep 2011243983.623.99$2,162
Aug 201103383.404.15$137
Jul 201104294.144.52$190
Jun 2011027092.904.64$1,253
May 201104698.134.40$203
Apr 2011055105.964.33$238
Mar 201103596.364.06$142
Feb 201103785.644.18$155
Jan 201102986.504.59$133
Dec 201003285.734.35$139
Nov 201005480.843.80$205
Oct 201004778.103.51$165
Sep 201005872.633.98$231
Aug 201005173.684.42$225
Jul 201003472.554.74$161
Jun 20100970.364.91$44
May 201001771.124.24$72
Apr 201002781.694.12$111
Mar 201004578.394.39$197
Feb 201002773.585.44$147
Jan 201003174.365.96$185
Dec 200902671.445.48$143
Nov 200909174.593.75$341
Oct 200904772.544.11$193
Sep 200903765.543.06$113
Aug 200903067.423.22$97
Jul 200905161.133.46$177
Jun 200906266.163.90$241
May 200905954.743.93$232
Apr 2009013046.773.59$466
Mar 200909042.144.06$365
Feb 200907332.814.63$338
Jan 200908135.865.37$435
Dec 2008012437.105.98$741
Nov 200803355.496.86$226
Oct 200804075.246.92$277
Sep 2008076101.767.88$599
Aug 2008847114.228.48$1,312
Jul 2008035131.0811.39$399
Jun 2008040131.3313.03$521
May 2008099123.1711.57$1,146
Apr 2008073110.3110.45$763
Mar 2008051101.909.66$493
Feb 200802992.538.77$254
Jan 200804490.388.21$361
Dec 200705688.337.30$409
Nov 200704291.677.29$306
Oct 200705682.856.92$388
Sep 2007012675.846.24$787
Aug 200707069.066.39$447
Jul 200707070.906.39$447
Jun 200705262.007.55$393
May 200707358.747.85$573
Apr 200707559.617.81$585
Mar 200707056.927.30$511
Feb 200707155.108.22$583
Jan 200708250.306.73$552
Dec 200607156.656.92$491
Nov 200606854.207.62$518
Oct 200607254.906.01$433
Sep 200606460.085.04$322
Aug 200606268.717.34$455
Jul 200606069.376.34$381
Jun 200601066.286.38$64
May 200612766.016.42$239
Apr 200612164.397.36$219
Mar 200612556.707.08$234
Feb 200612657.597.75$259
Jan 200624660.598.93$532
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050158.3413.80$14
Sep 20050061.4512.08$0
Aug 2005015161.519.80$1,479
Jul 2005027455.697.84$2,149
Jun 2005062852.337.38$4,635
May 200501,40245.226.65$9,325
Apr 200502,13549.207.36$15,715
Mar 200502,04450.377.15$14,625
Feb 200502,21045.226.31$13,949
Jan 200505,72543.166.32$36,195
Dec 200403,86539.866.75$26,093
Nov 200409445.286.33$595
Oct 2004010149.706.52$658
Sep 200409443.245.28$497
Aug 200409242.375.55$511
Jul 2004011538.286.08$700
Jun 2004011036.106.43$708
May 200409237.486.49$598
Apr 2004012734.475.86$744
Mar 2004012234.365.53$675
Feb 200419032.455.51$528
Jan 200409532.036.30$598
Dec 2003012730.266.30$800
Nov 2003313128.804.60$688
Oct 2003214428.174.76$742
Sep 2003115126.314.75$743
Aug 2003213929.765.13$773
Jul 2003213529.415.17$757
Jun 2003110928.565.98$681
May 200317826.595.97$492
Apr 200356326.675.41$474
Mar 2003711431.146.10$913
Feb 2003721233.487.93$1,915
Jan 20031659330.315.58$3,795
Dec 20021697226.914.85$5,148
Nov 20021662124.664.14$2,964
Oct 2002886226.464.23$3,857
Sep 2002626927.443.64$1,143
Aug 2002312125.963.16$461
Jul 2002313424.583.06$484
Jun 2002213823.733.34$508
May 200239624.663.58$418
Apr 200217023.653.51$270
Mar 200217222.003.10$245
Feb 200216118.222.38$163
Jan 200214917.172.38$134
Dec 200116516.932.36$171
Nov 200126118.072.41$183
Oct 200116519.782.53$184
Sep 200115124.262.25$139
Aug 200114724.873.05$168
Jul 200115023.933.20$184
Jun 200115624.563.82$239
May 200137125.524.31$382
Apr 200173624.685.34$365
Mar 200155224.545.38$402
Feb 2001135427.755.77$672
Jan 20011144127.478.40$4,006
Dec 2000843826.889.12$4,211
Nov 20001433932.215.66$2,369
Oct 2000434531.235.15$1,900
Sep 2000326631.875.19$1,475
Aug 2000210729.644.54$545
Jul 2000430028.534.09$1,341
Jun 2000313929.304.40$699
May 2000319527.263.68$799
Apr 2000420124.513.12$724
Mar 2000326728.422.86$849
Feb 2000116527.622.73$477
Jan 2000020025.272.48$496
Dec 1999021524.282.42$521
Nov 1999122723.192.43$576
Oct 1999023620.982.80$662
Sep 1999221721.752.62$612
Aug 1999233219.262.88$993
Jul 1999138717.892.37$936
Jun 1999023515.942.36$555
May 1999319015.792.32$488
Apr 1999116315.102.21$375
Mar 1999013712.471.84$252
Feb 199921939.981.82$371
Jan 1999525110.381.90$529
Dec 199871869.201.77$394
Nov 1998530110.892.19$712
Oct 19981644212.421.97$1,069
Sep 19983132612.592.08$1,069
Aug 19981779811.301.91$1,714
Jul 19982199211.742.24$2,466
Jun 19983588311.242.24$2,369
May 1998181,16712.622.21$2,802
Apr 1998391,64213.042.51$4,622
Mar 1998171,21512.802.31$3,024
Feb 1998313513.952.30$352
Jan 1998325814.702.15$600
Dec 1997126216.322.41$648
Nov 1997812918.193.09$544
Oct 1997024619.253.15$775
Sep 1997015417.742.95$455
Aug 1997635217.862.55$1,006
Jul 1997644017.582.25$1,094
Jun 1997048917.242.26$1,104
May 1997653418.972.31$1,347
Apr 1997644717.882.08$1,038
Mar 1997057518.951.94$1,115
Feb 1997755520.492.21$1,368
Jan 1997745523.483.54$1,775
Dec 1996682523.32$140
Nov 1996061121.97$0
Oct 1996641823.31$140
Sep 1996062422.22$0
Aug 19961365620.26$263
Jul 1996074719.55$0
Jun 1996082618.73$0
May 1996785019.43$136
Apr 1996686621.51$129
Mar 1996780519.38$136
Feb 1996056016.98$0
Jan 1996013917.07$0
Dec 1995873517.19$138
Nov 1995743716.00$112
Oct 1995962715.43$139
Sep 1995089016.18$0
Aug 1995091615.92$0
Jul 1995924415.24$137
Jun 1995083616.41$0
May 19952064817.56$351
Apr 1995056017.73$0
Mar 19951160716.44$181
Feb 1995860216.58$133
Jan 19951364115.92$207
Dec 19941260815.03$180
Nov 1994060615.90$0
Oct 1994864515.58$125
Sep 1994056015.29$0
Aug 19942255016.13$355
Jul 1994074017.56$0
Jun 19942571717.09$427
May 1994073015.88$0
Apr 19941478214.14$198
Mar 1994072512.46$0
Feb 19941472012.50$175
Jan 1994161,05812.66$203
Dec 1993301,05612.33$370
Nov 199301,19514.49$0
Oct 1993111,01115.85$174
Sep 1993061715.03$0
Aug 199301,21015.66$0
Jul 1993141,16715.46$216
Jun 199301,02616.79$0
May 1993475017.68$71
Apr 1993653618.05$108
Mar 199331,27318.14$54
Feb 199331,49817.90$54
Jan 1993232516.93$34

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Aug 2014 — as filed, then multipliedworked
Condensate             2 bbl  × $ 89.39 =       $179
Gas                    0 Mcf  × $  4.04 =         $0

────────────────────────────────────────────────────
Month total                                     $179

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 01/G/140759 is the state's own key, not one this site invented.