GATES RANCH "W"

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 176245District 01Field 16340900CondensateGasSaveExport
Value, all time
$206 k
Feb 2000 – Jan 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
204
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
CondensateDisposition1,051 bbl$30,301
GasProduction43,452 Mcf$176,198
Total$206,499

Every month this lease reported (204)

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

204 months

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 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 201315094.834.15$1,422
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 201203594.672.92$102
Aug 2012020392.662.91$590
Jul 2012022985.133.02$692
Jun 20129079.822.52$718
May 2012637291.612.49$1,475
Apr 20120379101.652.00$757
Mar 20120437105.052.22$971
Feb 20120151101.102.57$388
Jan 20120698.092.73$16
Dec 201106896.873.24$220
Nov 201107195.723.31$235
Oct 2011013084.983.65$474
Sep 20110883.623.99$32
Aug 20110883.404.15$33
Jul 20110894.144.52$36
Jun 201101192.904.64$51
May 201101698.134.40$70
Apr 201109105.964.33$39
Mar 201101196.364.06$45
Feb 20110785.644.18$29
Jan 20110886.504.59$37
Dec 20100385.734.35$13
Nov 201001080.843.80$38
Oct 201001178.103.51$39
Sep 201003272.633.98$127
Aug 201005073.684.42$221
Jul 201002872.554.74$133
Jun 201001270.364.91$59
May 201001771.124.24$72
Apr 20100881.694.12$33
Mar 201001378.394.39$57
Feb 20100473.585.44$22
Jan 20100274.365.96$12
Dec 200901071.445.48$55
Nov 200901574.593.75$56
Oct 20090372.544.11$12
Sep 200902865.543.06$86
Aug 200904867.423.22$154
Jul 200904161.133.46$142
Jun 200902866.163.90$109
May 200905654.743.93$220
Apr 2009010746.773.59$384
Mar 200909942.144.06$402
Feb 200908932.814.63$412
Jan 200904535.865.37$242
Dec 200803337.105.98$197
Nov 200805955.496.86$405
Oct 200808175.246.92$561
Sep 2008088101.767.88$693
Aug 2008093114.228.48$789
Jul 2008075131.0811.39$854
Jun 2008074131.3313.03$964
May 2008066123.1711.57$764
Apr 2008043110.3110.45$450
Mar 2008053101.909.66$512
Feb 200806292.538.77$544
Jan 200806990.388.21$566
Dec 200704388.337.30$314
Nov 200703591.677.29$255
Oct 200705082.856.92$346
Sep 200704375.846.24$269
Aug 200704269.066.39$268
Jul 200701570.906.39$96
Jun 200702962.007.55$219
May 2007010958.747.85$855
Apr 200708859.617.81$687
Mar 2007010356.927.30$752
Feb 2007012855.108.22$1,052
Jan 2007014150.306.73$948
Dec 2006010656.656.92$733
Nov 2006012254.207.62$929
Oct 2006013654.906.01$818
Sep 200608660.085.04$433
Aug 2006011668.717.34$851
Jul 2006013069.376.34$825
Jun 2006011066.286.38$702
May 200608366.016.42$533
Apr 200609364.397.36$685
Mar 200608656.707.08$609
Feb 200609057.597.75$698
Jan 2006013560.598.93$1,206
Dec 200506554.9413.42$872
Nov 200505154.6910.59$540
Oct 2005011458.3413.80$1,573
Sep 2005014661.4512.08$1,764
Aug 2005012561.519.80$1,225
Jul 2005013455.697.84$1,051
Jun 2005010752.337.38$790
May 2005011145.226.65$738
Apr 2005016449.207.36$1,207
Mar 2005012050.377.15$859
Feb 200508745.226.31$549
Jan 200508343.166.32$525
Dec 200406839.866.75$459
Nov 200409545.286.33$601
Oct 200409249.706.52$599
Sep 200407443.245.28$391
Aug 200408242.375.55$455
Jul 2004014138.286.08$858
Jun 2004014536.106.43$933
May 2004021337.486.49$1,383
Apr 2004027934.475.86$1,635
Mar 2004029634.365.53$1,637
Feb 2004026332.455.51$1,449
Jan 2004029732.036.30$1,871
Dec 2003032030.266.30$2,017
Nov 2003028528.804.60$1,310
Oct 2003038228.174.76$1,818
Sep 2003031826.314.75$1,510
Aug 2003032129.765.13$1,647
Jul 2003030429.415.17$1,572
Jun 2003133928.565.98$2,057
May 2003133626.595.97$2,033
Apr 2003628026.675.41$1,674
Mar 2003638131.146.10$2,509
Feb 2003429833.487.93$2,496
Jan 2003636230.315.58$2,203
Dec 2002643826.914.85$2,287
Nov 2002838224.664.14$1,778
Oct 2002442926.464.23$1,920
Sep 2002745427.443.64$1,842
Aug 2002656725.963.16$1,950
Jul 2002646824.583.06$1,580
Jun 2002555123.733.34$1,958
May 2002956124.663.58$2,233
Apr 2002667123.653.51$2,499
Mar 2002782722.003.10$2,720
Feb 20021082018.222.38$2,130
Jan 2002872617.172.38$1,862
Dec 2001171,48816.932.36$3,806
Nov 2001121,11118.072.41$2,889
Oct 200126319.782.53$199
Sep 200114224.262.25$119
Aug 20010024.873.05$0
Jul 200111423.933.20$69
Jun 200111124.563.82$67
May 200132425.524.31$180
Apr 20017024.685.34$173
Mar 200151924.545.38$225
Feb 20011415927.755.77$1,305
Jan 200165727.478.40$644
Dec 200051526.889.12$271
Nov 2000192632.215.66$759
Oct 20001315931.235.15$1,224
Sep 20002744031.875.19$3,143
Aug 20003599929.644.54$5,574
Jul 2000661,13328.534.09$6,517
Jun 2000741,29229.304.40$7,849
May 20001142,53827.263.68$12,447
Apr 20002213,98824.513.12$17,843
Mar 20002167,60628.422.86$27,890
Feb 2000542,24927.622.73$7,623

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/176245 is the state's own key, not one this site invented.