GATES RANCH

Name: GATES RANCH lease production and value, Dec 1999 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 175384District 01Field 16340900CondensateGasSave Export

Value, all time

$1.1 M

Dec 1999 – Oct 2016

Value, last 12 filed months

at the published price for each month

Months reported

203

no gaps in the span

Streams

condensate, gas

The CATARINA, SW. (SAN MIGUEL-GAS) field

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.

Stream	Basis	Volume	Value
Condensate	Disposition	4,678 bbl	$237,498
Gas	Production	152,372 Mcf	$882,724
Total			$1,120,223

Every month this lease reported (203)

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

203 months


Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	3	0	89.39	4.04	$268
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	24	0	94.83	4.15	$2,276
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	40	94.67	2.92	$117
Aug 2012	0	234	92.66	2.91	$681
Jul 2012	0	228	85.13	3.02	$689
Jun 2012	13	568	79.82	2.52	$2,468
May 2012	47	378	91.61	2.49	$5,246
Apr 2012	0	403	101.65	2.00	$805
Mar 2012	0	425	105.05	2.22	$944
Feb 2012	0	458	101.10	2.57	$1,177
Jan 2012	0	660	98.09	2.73	$1,804
Dec 2011	0	666	96.87	3.24	$2,158
Nov 2011	0	655	95.72	3.31	$2,169
Oct 2011	0	730	84.98	3.65	$2,663
Sep 2011	50	612	83.62	3.99	$6,620
Aug 2011	0	579	83.40	4.15	$2,402
Jul 2011	31	675	94.14	4.52	$5,967
Jun 2011	2	668	92.90	4.64	$3,285
May 2011	0	1,097	98.13	4.40	$4,832
Apr 2011	0	836	105.96	4.33	$3,623
Mar 2011	0	710	96.36	4.06	$2,881
Feb 2011	0	721	85.64	4.18	$3,014
Jan 2011	0	722	86.50	4.59	$3,313
Dec 2010	111	1,247	85.73	4.35	$14,938
Nov 2010	0	1,151	80.84	3.80	$4,368
Oct 2010	0	1,142	78.10	3.51	$4,007
Sep 2010	0	232	72.63	3.98	$923
Aug 2010	108	1,053	73.68	4.42	$12,611
Jul 2010	0	229	72.55	4.74	$1,085
Jun 2010	0	660	70.36	4.91	$3,241
May 2010	55	326	71.12	4.24	$5,292
Apr 2010	0	425	81.69	4.12	$1,752
Mar 2010	0	568	78.39	4.39	$2,493
Feb 2010	0	567	73.58	5.44	$3,086
Jan 2010	4	645	74.36	5.96	$4,144
Dec 2009	0	535	71.44	5.48	$2,934
Nov 2009	0	630	74.59	3.75	$2,363
Oct 2009	0	669	72.54	4.11	$2,750
Sep 2009	0	1,399	65.54	3.06	$4,288
Aug 2009	18	1,752	67.42	3.22	$6,852
Jul 2009	0	2,033	61.13	3.46	$7,043
Jun 2009	0	1,609	66.16	3.90	$6,267
May 2009	35	1,925	54.74	3.93	$9,473
Apr 2009	0	1,746	46.77	3.59	$6,264
Mar 2009	76	1,651	42.14	4.06	$9,904
Feb 2009	0	1,354	32.81	4.63	$6,273
Jan 2009	0	1,647	35.86	5.37	$8,846
Dec 2008	16	1,171	37.10	5.98	$7,593
Nov 2008	0	1,958	55.49	6.86	$13,433
Oct 2008	0	1,503	75.24	6.92	$10,404
Sep 2008	0	1,990	101.76	7.88	$15,675
Aug 2008	21	1,950	114.22	8.48	$18,941
Jul 2008	0	1,173	131.08	11.39	$13,360
Jun 2008	0	1,236	131.33	13.03	$16,108
May 2008	0	1,656	123.17	11.57	$19,167
Apr 2008	112	2,285	110.31	10.45	$36,244
Mar 2008	125	2,634	101.90	9.66	$38,193
Feb 2008	121	2,716	92.53	8.77	$35,017
Jan 2008	0	2,331	90.38	8.21	$19,128
Dec 2007	87	1,820	88.33	7.30	$20,974
Nov 2007	67	1,641	91.67	7.29	$18,108
Oct 2007	60	2,473	82.85	6.92	$22,089
Sep 2007	0	1,030	75.84	6.24	$6,431
Aug 2007	37	960	69.06	6.39	$8,688
Jul 2007	39	985	70.90	6.39	$9,057
Jun 2007	40	912	62.00	7.55	$9,364
May 2007	38	1,018	58.74	7.85	$10,220
Apr 2007	37	833	59.61	7.81	$8,707
Mar 2007	41	1,046	56.92	7.30	$9,972
Feb 2007	43	991	55.10	8.22	$10,511
Jan 2007	31	982	50.30	6.73	$8,165
Dec 2006	29	651	56.65	6.92	$6,147
Nov 2006	30	807	54.20	7.62	$7,773
Oct 2006	27	942	54.90	6.01	$7,147
Sep 2006	45	961	60.08	5.04	$7,544
Aug 2006	0	1,172	68.71	7.34	$8,602
Jul 2006	44	1,600	69.37	6.34	$13,201
Jun 2006	28	660	66.28	6.38	$6,069
May 2006	32	861	66.01	6.42	$7,644
Apr 2006	33	712	64.39	7.36	$7,366
Mar 2006	32	657	56.70	7.08	$6,468
Feb 2006	41	1,054	57.59	7.75	$10,531
Jan 2006	63	1,213	60.59	8.93	$14,653
Dec 2005	108	812	54.94	13.42	$16,827
Nov 2005	39	1,178	54.69	10.59	$14,606
Oct 2005	53	919	58.34	13.80	$15,770
Sep 2005	24	800	61.45	12.08	$11,138
Aug 2005	24	934	61.51	9.80	$10,626
Jul 2005	22	1,017	55.69	7.84	$9,202
Jun 2005	14	652	52.33	7.38	$5,545
May 2005	28	905	45.22	6.65	$7,285
Apr 2005	40	943	49.20	7.36	$8,909
Mar 2005	46	694	50.37	7.15	$7,283
Feb 2005	47	835	45.22	6.31	$7,396
Jan 2005	122	903	43.16	6.32	$10,974
Dec 2004	65	746	39.86	6.75	$7,627
Nov 2004	30	711	45.28	6.33	$5,859
Oct 2004	31	699	49.70	6.52	$6,095
Sep 2004	68	838	43.24	5.28	$7,368
Aug 2004	29	354	42.37	5.55	$3,194
Jul 2004	33	637	38.28	6.08	$5,139
Jun 2004	71	660	36.10	6.43	$6,809
May 2004	0	1,264	37.48	6.49	$8,209
Apr 2004	39	918	34.47	5.86	$6,722
Mar 2004	69	838	34.36	5.53	$7,005
Feb 2004	66	919	32.45	5.51	$7,205
Jan 2004	34	727	32.03	6.30	$5,669
Dec 2003	39	1,073	30.26	6.30	$7,942
Nov 2003	81	642	28.80	4.60	$5,283
Oct 2003	84	951	28.17	4.76	$6,893
Sep 2003	35	797	26.31	4.75	$4,706
Aug 2003	76	1,104	29.76	5.13	$7,925
Jul 2003	71	1,325	29.41	5.17	$8,939
Jun 2003	64	886	28.56	5.98	$7,129
May 2003	29	762	26.59	5.97	$5,322
Apr 2003	102	914	26.67	5.41	$7,663
Mar 2003	107	1,364	31.14	6.10	$11,647
Feb 2003	59	1,155	33.48	7.93	$11,130
Jan 2003	68	818	30.31	5.58	$6,627
Dec 2002	52	742	26.91	4.85	$5,001
Nov 2002	72	683	24.66	4.14	$4,601
Oct 2002	41	813	26.46	4.23	$4,523
Sep 2002	56	753	27.44	3.64	$4,274
Aug 2002	60	824	25.96	3.16	$4,165
Jul 2002	69	783	24.58	3.06	$4,093
Jun 2002	75	1,571	23.73	3.34	$7,024
May 2002	120	2,195	24.66	3.58	$10,826
Apr 2002	37	793	23.65	3.51	$3,660
Mar 2002	47	944	22.00	3.10	$3,963
Feb 2002	69	1,115	18.22	2.38	$3,906
Jan 2002	54	927	17.17	2.38	$3,129
Dec 2001	105	2,304	16.93	2.36	$7,225
Nov 2001	0	1,779	18.07	2.41	$4,279
Oct 2001	0	2,057	19.78	2.53	$5,202
Sep 2001	0	910	24.26	2.25	$2,049
Aug 2001	0	796	24.87	3.05	$2,430
Jul 2001	0	56	23.93	3.20	$179
Jun 2001	0	73	24.56	3.82	$279
May 2001	0	147	25.52	4.31	$633
Apr 2001	0	33	24.68	5.34	$176
Mar 2001	0	161	24.54	5.38	$866
Feb 2001	0	1,105	27.75	5.77	$6,373
Jan 2001	0	953	27.47	8.40	$8,004
Dec 2000	0	1,148	26.88	9.12	$10,473
Nov 2000	0	813	32.21	5.66	$4,600
Oct 2000	0	749	31.23	5.15	$3,854
Sep 2000	0	669	31.87	5.19	$3,470
Aug 2000	0	663	29.64	4.54	$3,011
Jul 2000	0	1,050	28.53	4.09	$4,294
Jun 2000	0	359	29.30	4.40	$1,579
May 2000	0	795	27.26	3.68	$2,925
Apr 2000	0	607	24.51	3.12	$1,891
Mar 2000	1	1,348	28.42	2.86	$3,883
Feb 2000	1	675	27.62	2.73	$1,868
Jan 2000	0	1,129	25.27	2.48	$2,800
Dec 1999	6	2,312	24.28	2.42	$5,749

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.

Aug 2014 — as filed, then multipliedworked

Condensate             3 bbl  × $ 89.39 =       $268
Gas                    0 Mcf  × $  4.04 =         $0

────────────────────────────────────────────────────
Month total                                     $268

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/175384 is the state's own key, not one this site invented.