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 174327District 01Field 16340900CondensateGasSaveExport
Value, all time
$1.9 M
Aug 1999 – Jun 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
215
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
CondensateDisposition1,700 bbl$62,671
GasProduction412,798 Mcf$1,805,978
Total$1,868,649

Every month this lease reported (215)

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

215 months

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 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 2016613726.472.06$442
Jan 20161357627.352.36$1,717
Dec 2015861532.362.00$1,490
Nov 20151862438.792.17$2,051
Oct 2015071943.552.43$1,745
Sep 2015765942.992.76$2,119
Aug 2015656540.162.87$1,864
Jul 2015559148.152.95$1,981
Jun 2015951656.152.88$1,993
May 2015532255.212.96$1,228
Apr 2015552749.822.71$1,675
Mar 2015650542.892.93$1,739
Feb 20151157544.662.98$2,203
Jan 2015032443.433.10$1,005
Dec 201401054.693.59$36
Nov 201409270.464.25$391
Oct 2014654178.303.90$2,580
Sep 2014654586.164.05$2,722
Aug 20141158489.394.04$3,340
Jul 2014763696.564.18$3,334
Jun 2014661598.164.74$3,502
May 2014767594.734.73$3,854
Apr 20141474295.944.81$4,912
Mar 20141268695.895.06$4,620
Feb 20141862097.406.19$5,592
Jan 2014668590.404.86$3,872
Dec 2013682291.824.35$4,130
Nov 2013764288.853.74$3,022
Oct 2013059097.423.78$2,230
Sep 20138810104.113.72$3,844
Aug 20130865104.253.52$3,047
Jul 20137893102.523.72$4,038
Jun 2013077594.403.93$3,048
May 2013151,04894.834.15$5,771
Apr 2013083993.964.28$3,593
Mar 201391,08293.623.91$5,076
Feb 2013896391.233.42$4,023
Jan 20131287391.603.42$4,085
Dec 2012764386.773.42$2,807
Nov 2012986886.953.62$3,929
Oct 2012894789.383.40$3,935
Sep 2012069194.672.92$2,017
Aug 2012644492.662.91$1,847
Jul 2012345085.133.02$1,615
Jun 2012540279.822.52$1,412
May 2012544491.612.49$1,563
Apr 20120532101.652.00$1,062
Mar 201210522105.052.22$2,210
Feb 20129428101.102.57$2,010
Jan 2012435798.092.73$1,368
Dec 2011047496.873.24$1,536
Nov 2011841595.723.31$2,140
Oct 20111044984.983.65$2,488
Sep 2011459183.623.99$2,690
Aug 2011545483.404.15$2,301
Jul 2011752394.144.52$3,022
Jun 2011368392.904.64$3,448
May 2011019398.134.40$850
Apr 20110292105.964.33$1,265
Mar 2011033996.364.06$1,375
Feb 2011015585.644.18$648
Jan 2011019886.504.59$909
Dec 2010127885.734.35$1,294
Nov 2010027980.843.80$1,059
Oct 2010045378.103.51$1,590
Sep 2010055572.633.98$2,209
Aug 2010050773.684.42$2,241
Jul 2010058572.554.74$2,771
Jun 2010040370.364.91$1,979
May 2010028871.124.24$1,220
Apr 2010035381.694.12$1,455
Mar 2010042578.394.39$1,865
Feb 2010038373.585.44$2,084
Jan 2010041974.365.96$2,499
Dec 2009036071.445.48$1,974
Nov 2009039574.593.75$1,482
Oct 2009041972.544.11$1,722
Sep 2009038865.543.06$1,189
Aug 2009039667.423.22$1,275
Jul 2009050561.133.46$1,750
Jun 2009048666.163.90$1,893
May 2009056054.743.93$2,198
Apr 2009057046.773.59$2,045
Mar 2009053442.144.06$2,168
Feb 2009050632.814.63$2,344
Jan 2009053635.865.37$2,879
Dec 2008049237.105.98$2,941
Nov 2008061655.496.86$4,226
Oct 2008055775.246.92$3,856
Sep 20080593101.767.88$4,671
Aug 20080757114.228.48$6,422
Jul 20080934131.0811.39$10,638
Jun 20083618131.3313.03$8,448
May 20080666123.1711.57$7,708
Apr 20080681110.3110.45$7,120
Mar 20080450101.909.66$4,349
Feb 2008069692.538.77$6,104
Jan 2008078090.388.21$6,400
Dec 2007077588.337.30$5,659
Nov 2007066091.677.29$4,813
Oct 2007065382.856.92$4,520
Sep 2007062475.846.24$3,896
Aug 2007071269.066.39$4,548
Jul 2007080370.906.39$5,130
Jun 2007074862.007.55$5,646
May 2007075958.747.85$5,955
Apr 2007079559.617.81$6,205
Mar 2007081856.927.30$5,973
Feb 2007071955.108.22$5,907
Jan 2007079750.306.73$5,361
Dec 2006088156.656.92$6,095
Nov 2006088354.207.62$6,726
Oct 2006085454.906.01$5,136
Sep 2006074760.085.04$3,763
Aug 2006089868.717.34$6,591
Jul 2006083069.376.34$5,264
Jun 2006082166.286.38$5,241
May 2006069466.016.42$4,459
Apr 2006071964.397.36$5,292
Mar 2006092556.707.08$6,552
Feb 2006098157.597.75$7,604
Jan 200601,15560.598.93$10,318
Dec 200501,22554.9413.42$16,434
Nov 200501,18854.6910.59$12,579
Oct 200501,48558.3413.80$20,487
Sep 2005093861.4512.08$11,330
Aug 2005181561.519.80$8,046
Jul 2005577055.697.84$6,318
Jun 20051685552.337.38$7,148
May 2005211,00545.226.65$7,634
Apr 2005181,05349.207.36$8,636
Mar 200501,12050.377.15$8,013
Feb 200501,20845.226.31$7,625
Jan 200501,31543.166.32$8,314
Dec 200401,46439.866.75$9,884
Nov 200401,32045.286.33$8,356
Oct 200401,54949.706.52$10,092
Sep 200401,36443.245.28$7,207
Aug 200401,41342.375.55$7,843
Jul 200401,27438.286.08$7,751
Jun 200401,30936.106.43$8,421
May 200401,19637.486.49$7,768
Apr 200401,10734.475.86$6,485
Mar 200401,35234.365.53$7,477
Feb 200401,33732.455.51$7,366
Jan 200401,61332.036.30$10,161
Dec 200301,64830.266.30$10,385
Nov 200301,60628.804.60$7,380
Oct 200301,71128.174.76$8,144
Sep 200301,78026.314.75$8,454
Aug 200301,80429.765.13$9,254
Jul 200301,82929.415.17$9,457
Jun 200301,71528.565.98$10,261
May 200301,80726.595.97$10,793
Apr 200301,57426.675.41$8,511
Mar 200302,11831.146.10$12,911
Feb 200301,73233.487.93$13,728
Jan 200301,95530.315.58$10,913
Dec 200202,39026.914.85$11,600
Nov 200202,51324.664.14$10,396
Oct 200202,57426.464.23$10,886
Sep 200202,68727.443.64$9,768
Aug 200202,93425.963.16$9,284
Jul 200203,11124.583.06$9,525
Jun 200203,11523.733.34$10,399
May 200202,85924.663.58$10,247
Apr 200203,23623.653.51$11,366
Mar 200203,30022.003.10$10,239
Feb 200203,41918.222.38$8,122
Jan 200203,41117.172.38$8,103
Dec 200103,74716.932.36$8,859
Nov 200103,56918.072.41$8,585
Oct 200104,27219.782.53$10,803
Sep 200104,27924.262.25$9,633
Aug 200105,67024.873.05$17,311
Jul 200105,16523.933.20$16,513
Jun 200105,56124.563.82$21,266
May 200105,64125.524.31$24,298
Apr 200106,08324.685.34$32,455
Mar 200107,28324.545.38$39,157
Feb 200107,87727.755.77$45,427
Jan 2001010,67227.478.40$89,632
Dec 200007,31326.889.12$66,713
Nov 200006,77432.215.66$38,327
Oct 200006,70631.235.15$34,506
Sep 200006,92331.875.19$35,906
Aug 200008,24029.644.54$37,416
Jul 200008,47028.534.09$34,640
Jun 200008,40529.304.40$36,959
May 200029,63027.263.68$35,491
Apr 2000410,31724.513.12$32,246
Mar 20002111,44628.422.86$33,330
Feb 20007513,30927.622.73$38,358
Jan 200034714,43925.272.48$44,585
Dec 199924217,85224.282.42$49,144
Nov 199924717,80623.192.43$49,068
Oct 199919018,95320.982.80$57,125
Sep 199913416,66921.752.62$46,568
Aug 1999656819.262.88$1,749

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.

Feb 2016 — as filed, then multipliedworked
Condensate             6 bbl  × $ 26.47 =       $159
Gas                  137 Mcf  × $  2.06 =       $283

────────────────────────────────────────────────────
Month total                                     $442

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/174327 is the state's own key, not one this site invented.