GATES RANCH

Operated by PETROPOINT ENERGY OPERATING, LLC (P-5 660957) in the CATARINA, SW. (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 169829District 01Field 16340500CondensateGasSaveExport
Value, all time
$34 k
Aug 1998 – Jun 2013
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
179
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 213 leases and 214 wells, and the rule below applies to all of them.

Discovered
1973-12-28
as the register files it
Field class
Oil and 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 Commission's schedule remark for this field reads: OPTIONAL 80 ACRE UNIT MAX DIAG 4000

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
CondensateDisposition28 bbl$2,382
GasProduction5,352 Mcf$31,530
Total$33,912

Every month this lease reported (179)

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

179 months

Jun 20130094.403.93$0
May 20132094.834.15$190
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 20120689.383.40$20
Sep 201204594.672.92$131
Aug 2012024092.662.91$698
Jul 2012017785.133.02$535
Jun 20120079.822.52$0
May 20121091.612.49$92
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 2012028101.102.57$72
Jan 20120098.092.73$0
Dec 20110596.873.24$16
Nov 201103595.723.31$116
Oct 201109484.983.65$343
Sep 2011245983.623.99$2,242
Aug 201103383.404.15$137
Jul 201116894.144.52$401
Jun 20110092.904.64$0
May 2011011998.134.40$524
Apr 2011093105.964.33$403
Mar 201109396.364.06$377
Feb 201103685.644.18$150
Jan 201105386.504.59$243
Dec 201002485.734.35$104
Nov 2010010480.843.80$395
Oct 201008978.103.51$312
Sep 201001872.633.98$72
Aug 201002873.684.42$124
Jul 201008472.554.74$398
Jun 201001170.364.91$54
May 201001871.124.24$76
Apr 201002781.694.12$111
Mar 201002878.394.39$123
Feb 201003473.585.44$185
Jan 201004074.365.96$239
Dec 200902071.445.48$110
Nov 200904274.593.75$158
Oct 2009012972.544.11$530
Sep 200907865.543.06$239
Aug 20090067.423.22$0
Jul 200902861.133.46$97
Jun 200909566.163.90$370
May 200909754.743.93$381
Apr 200901646.773.59$57
Mar 200904342.144.06$175
Feb 2009011932.814.63$551
Jan 200906935.865.37$371
Dec 200805237.105.98$311
Nov 200803655.496.86$247
Oct 200804975.246.92$339
Sep 2008025101.767.88$197
Aug 2008085114.228.48$721
Jul 2008062131.0811.39$706
Jun 2008056131.3313.03$730
May 2008058123.1711.57$671
Apr 2008053110.3110.45$554
Mar 2008041101.909.66$396
Feb 200803292.538.77$281
Jan 200808890.388.21$722
Dec 2007011388.337.30$825
Nov 2007011091.677.29$802
Oct 200707582.856.92$519
Sep 200707875.846.24$487
Aug 200705769.066.39$364
Jul 200704770.906.39$300
Jun 200704562.007.55$340
May 200704358.747.85$337
Apr 200704759.617.81$367
Mar 200704956.927.30$358
Feb 200702555.108.22$205
Jan 2007010450.306.73$700
Dec 2006014156.656.92$976
Nov 200604854.207.62$366
Oct 200607854.906.01$469
Sep 200603660.085.04$181
Aug 200603568.717.34$257
Jul 200606069.376.34$381
Jun 200608066.286.38$511
May 200606466.016.42$411
Apr 2006010364.397.36$758
Mar 200602556.707.08$177
Feb 200605157.597.75$395
Jan 200606860.598.93$607
Dec 200503154.9413.42$416
Nov 2005011954.6910.59$1,260
Oct 200508658.3413.80$1,186
Sep 2005012261.4512.08$1,474
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 199907315.102.21$161
Mar 199903812.471.84$70
Feb 1999009.981.82$0
Jan 199909310.381.90$177
Dec 19980589.201.77$103
Nov 19980610.892.19$13
Oct 199808212.421.97$161
Sep 19980012.592.08$0
Aug 19980011.301.91$0

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.

May 2013 — as filed, then multipliedworked
Condensate             2 bbl  × $ 94.83 =       $190
Gas                    0 Mcf  × $  4.15 =         $0

────────────────────────────────────────────────────
Month total                                     $190

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/169829 is the state's own key, not one this site invented.