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 178559District 01Field 16340900CondensateGasSaveExport
Value, all time
$6.0 M
Jun 2000 – Jul 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
206
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
CondensateDisposition24,943 bbl$707,122
GasProduction1,047,209 Mcf$5,275,440
Total$5,982,561

Every month this lease reported (206)

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

206 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 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 20161149127.352.36$1,462
Dec 2015544632.362.00$1,054
Nov 2015931338.792.17$1,027
Oct 2015034843.552.43$844
Sep 2015650542.992.76$1,651
Aug 2015658940.162.87$1,933
Jul 2015763248.152.95$2,198
Jun 20151566256.152.88$2,751
May 20151162455.212.96$2,452
Apr 2015111,06949.822.71$3,441
Mar 2015121,10642.892.93$3,760
Feb 2015191,22144.662.98$4,482
Jan 2015032343.433.10$1,002
Dec 201402454.693.59$86
Nov 2014014670.464.25$621
Oct 2014878378.303.90$3,681
Sep 2014877486.164.05$3,820
Aug 20141782989.394.04$4,865
Jul 2014994896.564.18$4,831
Jun 2014870098.164.74$4,101
May 2014994094.734.73$5,296
Apr 2014201,03395.944.81$6,887
Mar 2014191,10295.895.06$7,395
Feb 20142694197.406.19$8,359
Jan 20141090490.404.86$5,298
Dec 2013101,12391.824.35$5,808
Nov 2013101,10488.853.74$5,016
Oct 2013096697.423.78$3,651
Sep 2013101,013104.113.72$4,807
Aug 201301,115104.253.52$3,928
Jul 201391,132102.523.72$5,131
Jun 201301,03394.403.93$4,063
May 2013191,17094.834.15$6,656
Apr 201301,15793.964.28$4,955
Mar 201391,14793.623.91$5,331
Feb 20131097691.233.42$4,250
Jan 2013201,25891.603.42$6,134
Dec 2012101,18586.773.42$4,921
Nov 201281,18886.953.62$5,002
Oct 201281,12889.383.40$4,550
Sep 2012051194.672.92$1,491
Aug 2012745292.662.91$1,963
Jul 2012545685.133.02$1,803
Jun 2012739579.822.52$1,554
May 2012842391.612.49$1,785
Apr 20120540101.652.00$1,078
Mar 201221545105.052.22$3,417
Feb 201221822101.102.57$4,236
Jan 20121079498.092.73$3,152
Dec 2011098796.873.24$3,198
Nov 2011191,12495.723.31$5,541
Oct 2011141,12184.983.65$5,280
Sep 2011857583.623.99$2,961
Aug 2011993383.404.15$4,622
Jul 20111795194.144.52$5,896
Jun 20111858292.904.64$4,373
May 201101,30598.134.40$5,748
Apr 201101,036105.964.33$4,489
Mar 2011084696.364.06$3,433
Feb 2011078785.644.18$3,290
Jan 2011084686.504.59$3,882
Dec 2010037585.734.35$1,630
Nov 2010092980.843.80$3,526
Oct 201001,16578.103.51$4,088
Sep 201001,18772.633.98$4,724
Aug 201001,39973.684.42$6,183
Jul 201001,54072.554.74$7,294
Jun 2010084770.364.91$4,159
May 2010070971.124.24$3,003
Apr 201001,27081.694.12$5,236
Mar 201001,58278.394.39$6,943
Feb 201001,29473.585.44$7,042
Jan 201001,39874.365.96$8,338
Dec 200901,26671.445.48$6,942
Nov 200901,27274.593.75$4,772
Oct 200901,28272.544.11$5,269
Sep 200901,37765.543.06$4,220
Aug 200901,46067.423.22$4,699
Jul 200901,45561.133.46$5,041
Jun 200901,44266.163.90$5,617
May 200901,45554.743.93$5,712
Apr 200901,30146.773.59$4,667
Mar 200901,44442.144.06$5,861
Feb 200901,34632.814.63$6,236
Jan 200901,44835.865.37$7,777
Dec 200801,48937.105.98$8,900
Nov 200801,77855.496.86$12,198
Oct 200801,64975.246.92$11,414
Sep 200801,757101.767.88$13,840
Aug 200801,936114.228.48$16,423
Jul 200802,336131.0811.39$26,606
Jun 200801,820131.3313.03$23,719
May 200801,958123.1711.57$22,662
Apr 200802,024110.3110.45$21,161
Mar 200801,732101.909.66$16,738
Feb 200801,55292.538.77$13,612
Jan 200801,63790.388.21$13,433
Dec 200701,57888.337.30$11,523
Nov 200701,77091.677.29$12,906
Oct 200702,05682.856.92$14,232
Sep 200702,11375.846.24$13,194
Aug 200702,31569.066.39$14,788
Jul 200702,35670.906.39$15,050
Jun 200702,40162.007.55$18,124
May 200702,29658.747.85$18,015
Apr 200702,39959.617.81$18,725
Mar 200702,51656.927.30$18,372
Feb 200702,27455.108.22$18,683
Jan 200702,48750.306.73$16,730
Dec 200602,94856.656.92$20,396
Nov 200602,76054.207.62$21,024
Oct 200602,78554.906.01$16,748
Sep 200602,83260.085.04$14,265
Aug 200602,85068.717.34$20,919
Jul 200602,91869.376.34$18,508
Jun 200602,74366.286.38$17,511
May 200602,98966.016.42$19,204
Apr 200603,01664.397.36$22,199
Mar 200603,02956.707.08$21,454
Feb 200602,93857.597.75$22,773
Jan 200603,27160.598.93$29,221
Dec 200503,57254.9413.42$47,920
Nov 200503,52054.6910.59$37,271
Oct 200503,71558.3413.80$51,251
Sep 200503,76361.4512.08$45,453
Aug 200503,83361.519.80$37,551
Jul 200503,77855.697.84$29,633
Jun 200503,92952.337.38$29,000
May 200524,23145.226.65$28,232
Apr 200563,59349.207.36$26,741
Mar 2005204,39950.377.15$32,482
Feb 2005243,96945.226.31$26,137
Jan 2005214,72943.166.32$30,804
Dec 2004354,97639.866.75$34,988
Nov 2004264,14245.286.33$27,398
Oct 2004324,22449.706.52$29,110
Sep 2004183,69843.245.28$20,318
Aug 2004194,20742.375.55$24,157
Jul 2004154,38638.286.08$27,259
Jun 2004194,86436.106.43$31,976
May 2004264,39037.486.49$29,486
Apr 2004193,72534.475.86$22,478
Mar 2004452,60934.365.53$15,974
Feb 2004604,13532.455.51$24,729
Jan 20041186,55132.036.30$45,048
Dec 20031426,07430.266.30$42,573
Nov 20031516,39428.804.60$33,730
Oct 20031657,37228.174.76$39,736
Sep 20032037,86626.314.75$42,699
Aug 20031448,67329.765.13$48,776
Jul 20032108,44029.415.17$49,818
Jun 20031929,34928.565.98$61,418
May 200315610,30526.595.97$65,697
Apr 20032068,58626.675.41$51,921
Mar 200312910,37031.146.10$67,233
Feb 200318710,42833.487.93$88,912
Jan 200319112,66730.315.58$76,497
Dec 200228114,50826.914.85$77,980
Nov 200218915,82624.664.14$70,132
Oct 20025116,59026.464.23$71,511
Sep 2002309,51727.443.64$35,419
Aug 2002297,15825.963.16$23,402
Jul 20024311,19024.583.06$35,318
Jun 20024911,99223.733.34$41,195
May 20027516,35524.663.58$60,466
Apr 200233120,55823.653.51$80,034
Mar 200231817,04722.003.10$59,888
Feb 200243717,70218.222.38$50,016
Jan 200247219,00617.172.38$53,256
Dec 200150321,67116.932.36$59,755
Nov 200149123,50718.072.41$65,419
Oct 200147823,86719.782.53$69,812
Sep 200134223,68424.262.25$61,617
Aug 200135724,42524.873.05$83,452
Jul 200137521,61223.933.20$78,069
Jun 200148826,18524.563.82$112,121
May 200177827,64125.524.31$138,913
Apr 20011,53830,79324.685.34$202,248
Mar 20011,26534,94824.545.38$218,939
Feb 20011,31829,23427.755.77$205,169
Jan 20011,64132,07327.478.40$314,452
Dec 20001,84926,34726.889.12$290,052
Nov 20001,69331,09232.215.66$230,450
Oct 20001,53627,30931.235.15$188,488
Sep 20001,32429,86531.875.19$197,091
Aug 20001,78131,47129.644.54$195,691
Jul 20001,73834,01128.534.09$188,682
Jun 20002369629.304.40$3,734

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/178559 is the state's own key, not one this site invented.