PETTY RANCH

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

Gas lease lease 165363District 01Field 16340900CondensateGasSaveExport
Value, all time
$6.1 M
Oct 1997 – Jul 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
238
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 120 leases and 120 wells, and the rule below applies to all of them.

Discovered
1978-05-01
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1979-05-21.

The Commission's schedule remark for this field reads: “KERNS O&G, INC. EFFECTIVE APRIL 1, 1997.”

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
CondensateDisposition27,946 bbl$591,617
GasProduction1,445,076 Mcf$5,516,121
Total$6,107,739

Every month this lease reported (238)

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

238 months

Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
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 20163045.352.69$136
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20163069326.472.06$2,224
Jan 2016652,71427.352.36$8,195
Dec 2015373,02932.362.00$7,260
Nov 2015713,06438.792.17$9,395
Oct 201502,26743.552.43$5,501
Sep 2015272,32142.992.76$7,563
Aug 2015302,66840.162.87$8,869
Jul 2015303,06948.152.95$10,483
Jun 2015563,00556.152.88$11,807
May 2015243,21755.212.96$10,833
Apr 2015252,40649.822.71$7,758
Mar 2015232,45842.892.93$8,200
Feb 2015522,38244.662.98$9,412
Jan 2015033043.433.10$1,023
Dec 201401154.693.59$40
Nov 2014053270.464.25$2,262
Oct 2014192,54878.303.90$11,427
Sep 2014231,21086.164.05$6,877
Aug 2014532,66389.394.04$15,483
Jul 2014222,94896.564.18$14,446
Jun 2014261,16298.164.74$8,056
May 2014242,84394.734.73$15,711
Apr 2014412,49095.944.81$15,908
Mar 2014411,69295.895.06$12,488
Feb 2014762,76997.406.19$24,548
Jan 2014262,51290.404.86$14,561
Dec 2013273,00291.824.35$15,551
Nov 2013263,16888.853.74$14,153
Oct 201302,57497.423.78$9,728
Sep 2013222,811104.113.72$12,741
Aug 201302,679104.253.52$9,437
Jul 2013202,662102.523.72$11,947
Jun 201302,37294.403.93$9,330
May 2013352,50894.834.15$13,725
Apr 201302,23393.964.28$9,563
Mar 2013151,88493.623.91$8,776
Feb 2013151,62191.233.42$6,912
Jan 2013261,88291.603.42$8,818
Dec 2012131,41186.773.42$5,954
Nov 201291,45986.953.62$6,071
Oct 201291,13989.383.40$4,677
Sep 2012156194.672.92$1,732
Aug 2012844292.662.91$2,027
Jul 2012445485.133.02$1,712
Jun 2012941879.822.52$1,771
May 2012942691.612.49$1,885
Apr 20120526101.652.00$1,050
Mar 201228529105.052.22$4,117
Feb 2012281,087101.102.57$5,625
Jan 2012121,59898.092.73$5,546
Dec 2011096396.873.24$3,120
Nov 2011191,56295.723.31$6,991
Oct 2011201,08584.983.65$5,658
Sep 20111558083.623.99$3,566
Aug 2011121,71983.404.15$8,133
Jul 2011301,35794.144.52$8,954
Jun 20112949592.904.64$4,991
May 201171,55598.134.40$7,536
Apr 201101,098105.964.33$4,758
Mar 201101,07396.364.06$4,354
Feb 2011099785.644.18$4,167
Jan 201101,52886.504.59$7,012
Dec 201001,07685.734.35$4,678
Nov 201001,07180.843.80$4,065
Oct 201001,23578.103.51$4,333
Sep 201011,20272.633.98$4,856
Aug 201041,72573.684.42$7,918
Jul 201041,28272.554.74$6,362
Jun 2010171,73370.364.91$9,706
May 2010161,45271.124.24$7,287
Apr 2010111,50881.694.12$7,116
Mar 201001,51078.394.39$6,627
Feb 201001,23773.585.44$6,732
Jan 201001,40674.365.96$8,386
Dec 200901,37071.445.48$7,513
Nov 200901,36874.593.75$5,132
Oct 200901,63372.544.11$6,712
Sep 200901,47065.543.06$4,505
Aug 200902,18867.423.22$7,042
Jul 200911,99961.133.46$6,987
Jun 200911,93266.163.90$7,591
May 200942,03554.743.93$8,208
Apr 200932,14246.773.59$7,825
Mar 200981,99242.144.06$8,423
Feb 200933,49432.814.63$16,286
Jan 200931,61635.865.37$8,787
Dec 200821,91737.105.98$11,532
Nov 2008131,69955.496.86$12,377
Oct 2008301,93475.246.92$15,644
Sep 2008332,270101.767.88$21,239
Aug 2008271,778114.228.48$18,167
Jul 2008272,112131.0811.39$27,594
Jun 2008242,203131.3313.03$31,863
May 2008292,636123.1711.57$34,082
Apr 2008252,473110.3110.45$28,613
Mar 2008222,634101.909.66$27,697
Feb 2008252,98192.538.77$28,458
Jan 2008403,38990.388.21$31,424
Dec 2007252,95088.337.30$23,749
Nov 2007433,34691.677.29$28,340
Oct 2007353,99982.856.92$30,581
Sep 2007483,69775.846.24$26,725
Aug 2007414,38369.066.39$30,830
Jul 2007583,59470.906.39$27,070
Jun 2007483,97762.007.55$32,996
May 2007433,91758.747.85$33,260
Apr 2007502,98459.617.81$26,271
Mar 2007503,33856.927.30$27,220
Feb 2007362,95955.108.22$26,295
Jan 2007353,43650.306.73$24,874
Dec 2006242,66956.656.92$19,825
Nov 2006442,67954.207.62$22,792
Oct 2006652,66554.906.01$19,595
Sep 2006522,55060.085.04$15,969
Aug 2006362,47868.717.34$20,662
Jul 2006292,16569.376.34$15,744
Jun 2006152,53566.286.38$17,177
May 2006192,35966.016.42$16,411
Apr 2006232,55964.397.36$20,316
Mar 2006253,35256.707.08$25,159
Feb 2006131,60957.597.75$13,220
Jan 2006163,77560.598.93$34,693
Dec 2005354,72254.9413.42$65,270
Nov 2005183,87754.6910.59$42,036
Oct 2005242,96858.3413.80$42,346
Sep 2005202,59361.4512.08$32,550
Aug 2005304,14661.519.80$42,463
Jul 2005273,05155.697.84$25,435
Jun 2005323,50352.337.38$27,530
May 2005444,29545.226.65$30,556
Apr 2005474,68549.207.36$36,796
Mar 2005334,48550.377.15$33,752
Feb 2005383,96045.226.31$26,714
Jan 2005295,10043.166.32$33,495
Dec 2004165,26739.866.75$36,196
Nov 2004124,53145.286.33$29,226
Oct 2004174,99949.706.52$33,414
Sep 2004104,61143.245.28$24,796
Aug 200494,67242.375.55$26,314
Jul 200474,23038.286.08$26,004
Jun 200474,97336.106.43$32,244
May 2004105,05537.486.49$33,205
Apr 200464,66134.475.86$27,513
Mar 200494,98634.365.53$27,883
Feb 200494,50632.455.51$25,118
Jan 2004145,13532.036.30$32,797
Dec 2003165,03530.266.30$32,213
Nov 2003164,49328.804.60$21,107
Oct 2003185,24928.174.76$25,490
Sep 2003204,85526.314.75$23,584
Aug 2003155,29529.765.13$27,608
Jul 2003265,51429.415.17$29,277
Jun 2003305,73628.565.98$35,175
May 2003215,08526.595.97$30,929
Apr 2003324,85526.675.41$27,106
Mar 2003216,54731.146.10$40,565
Feb 2003285,93633.487.93$47,985
Jan 2003296,79430.315.58$38,803
Dec 2002437,10626.914.85$35,648
Nov 2002296,82024.664.14$28,929
Oct 2002266,89426.464.23$29,844
Sep 2002267,30527.443.64$27,269
Aug 2002267,65625.963.16$24,900
Jul 2002168,63924.583.06$26,844
Jun 2002148,77223.733.34$29,615
May 2002127,76624.663.58$28,129
Apr 2002188,11023.653.51$28,911
Mar 2002208,64722.003.10$27,269
Feb 2002288,85418.222.38$21,544
Jan 2002298,87217.172.38$21,575
Dec 20013010,34716.932.36$24,972
Nov 20012710,04618.072.41$24,654
Oct 20012911,46919.782.53$29,577
Sep 20012010,19324.262.25$23,433
Aug 20012712,30924.873.05$38,253
Jul 20014911,41423.933.20$37,664
Jun 20015112,04824.563.82$47,326
May 20013013,99825.524.31$61,059
Apr 20015714,26624.685.34$77,520
Mar 20015116,90724.545.38$92,151
Feb 20016017,31727.755.77$101,534
Jan 20015914,47327.478.40$123,176
Dec 20006311,48726.889.12$106,484
Nov 20005513,29032.215.66$76,966
Oct 20004611,63131.235.15$61,284
Sep 2000308,50631.875.19$45,072
Aug 2000449,75929.644.54$45,617
Jul 2000549,01228.534.09$38,397
Jun 2000407,43929.304.40$33,883
May 2000809,70227.263.68$37,882
Apr 2000799,73924.513.12$32,283
Mar 200014114,49128.422.86$45,448
Feb 200011611,47627.622.73$34,493
Jan 200013112,32525.272.48$33,883
Dec 199919412,94824.282.42$36,093
Nov 199922214,37423.192.43$40,134
Oct 199919816,25320.982.80$49,723
Sep 199921416,76721.752.62$48,565
Aug 199924116,49019.262.88$52,060
Jul 199926117,98017.892.37$47,325
Jun 199919216,32415.942.36$41,619
May 199924218,98915.792.32$47,895
Apr 199923917,96415.102.21$43,274
Mar 199938920,59312.471.84$42,708
Feb 199928218,0419.981.82$35,609
Jan 199940221,93110.381.90$45,841
Dec 199841923,0129.201.77$44,662
Nov 199849823,14610.892.19$56,014
Oct 199854426,20812.421.97$58,366
Sep 199854625,48212.592.08$59,943
Aug 199850426,65811.301.91$56,541
Jul 199878727,54911.742.24$70,874
Jun 19981,22828,94311.242.24$78,556
May 19981,69833,18312.622.21$94,642
Apr 19981,60333,40513.042.51$104,594
Mar 19982,10435,98612.802.31$110,039
Feb 19982,05234,49713.952.30$107,938
Jan 19982,52239,59814.702.15$122,399
Dec 19973,15944,21416.322.41$158,159
Nov 19972,13628,69518.193.09$127,471
Oct 19971214,21819.253.15$15,615

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.

Jun 2016 — as filed, then multipliedworked
Condensate             3 bbl  × $ 45.35 =       $136
Gas                    0 Mcf  × $  2.69 =         $0

────────────────────────────────────────────────────
Month total                                     $136

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/165363 is the state's own key, not one this site invented.