GATES RANCH "W"

Name: GATES RANCH "W" lease production and value, May 2001 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 184189District 01Field 16340900CondensateGasSave Export

Value, all time

$1.8 M

May 2001 – Oct 2016

Value, last 12 filed months

at the published price for each month

Months reported

186

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	9,588 bbl	$291,255
Gas	Production	314,604 Mcf	$1,473,265
Total			$1,764,520

Every month this lease reported (186)

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

186 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	2	0	89.39	4.04	$179
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	17	0	94.83	4.15	$1,612
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	12	89.38	3.40	$41
Sep 2012	0	45	94.67	2.92	$131
Aug 2012	0	253	92.66	2.91	$736
Jul 2012	0	279	85.13	3.02	$843
Jun 2012	9	0	79.82	2.52	$718
May 2012	10	370	91.61	2.49	$1,837
Apr 2012	0	391	101.65	2.00	$781
Mar 2012	0	434	105.05	2.22	$964
Feb 2012	0	126	101.10	2.57	$324
Jan 2012	0	174	98.09	2.73	$476
Dec 2011	0	68	96.87	3.24	$220
Nov 2011	0	56	95.72	3.31	$185
Oct 2011	0	92	84.98	3.65	$336
Sep 2011	23	79	83.62	3.99	$2,238
Aug 2011	0	92	83.40	4.15	$382
Jul 2011	3	115	94.14	4.52	$802
Jun 2011	0	120	92.90	4.64	$557
May 2011	0	150	98.13	4.40	$661
Apr 2011	0	86	105.96	4.33	$373
Mar 2011	0	109	96.36	4.06	$442
Feb 2011	0	164	85.64	4.18	$686
Jan 2011	0	223	86.50	4.59	$1,023
Dec 2010	0	166	85.73	4.35	$722
Nov 2010	0	397	80.84	3.80	$1,507
Oct 2010	0	434	78.10	3.51	$1,523
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	578	73.68	4.42	$2,554
Jul 2010	0	276	72.55	4.74	$1,307
Jun 2010	0	94	70.36	4.91	$462
May 2010	1	73	71.12	4.24	$380
Apr 2010	0	120	81.69	4.12	$495
Mar 2010	0	122	78.39	4.39	$535
Feb 2010	0	99	73.58	5.44	$539
Jan 2010	2	134	74.36	5.96	$948
Dec 2009	0	102	71.44	5.48	$559
Nov 2009	0	204	74.59	3.75	$765
Oct 2009	0	204	72.54	4.11	$838
Sep 2009	0	253	65.54	3.06	$775
Aug 2009	9	243	67.42	3.22	$1,389
Jul 2009	0	257	61.13	3.46	$890
Jun 2009	0	291	66.16	3.90	$1,133
May 2009	33	299	54.74	3.93	$2,980
Apr 2009	0	297	46.77	3.59	$1,065
Mar 2009	81	269	42.14	4.06	$4,505
Feb 2009	0	257	32.81	4.63	$1,191
Jan 2009	0	223	35.86	5.37	$1,198
Dec 2008	23	152	37.10	5.98	$1,762
Nov 2008	0	159	55.49	6.86	$1,091
Oct 2008	0	335	75.24	6.92	$2,319
Sep 2008	0	902	101.76	7.88	$7,105
Aug 2008	0	975	114.22	8.48	$8,271
Jul 2008	0	592	131.08	11.39	$6,743
Jun 2008	0	112	131.33	13.03	$1,460
May 2008	32	527	123.17	11.57	$10,041
Apr 2008	28	684	110.31	10.45	$10,240
Mar 2008	16	207	101.90	9.66	$3,631
Feb 2008	17	135	92.53	8.77	$2,757
Jan 2008	0	244	90.38	8.21	$2,002
Dec 2007	30	233	88.33	7.30	$4,351
Nov 2007	43	517	91.67	7.29	$7,712
Oct 2007	46	555	82.85	6.92	$7,653
Sep 2007	0	730	75.84	6.24	$4,558
Aug 2007	51	1,050	69.06	6.39	$10,229
Jul 2007	45	1,195	70.90	6.39	$10,824
Jun 2007	49	1,248	62.00	7.55	$12,458
May 2007	51	1,520	58.74	7.85	$14,922
Apr 2007	49	1,362	59.61	7.81	$13,552
Mar 2007	54	1,726	56.92	7.30	$15,677
Feb 2007	52	1,317	55.10	8.22	$13,686
Jan 2007	49	1,786	50.30	6.73	$14,479
Dec 2006	49	1,664	56.65	6.92	$14,288
Nov 2006	45	1,513	54.20	7.62	$13,964
Oct 2006	44	1,261	54.90	6.01	$9,999
Sep 2006	42	1,190	60.08	5.04	$8,518
Aug 2006	0	1,652	68.71	7.34	$12,126
Jul 2006	37	1,920	69.37	6.34	$14,745
Jun 2006	20	1,550	66.28	6.38	$11,221
May 2006	18	1,116	66.01	6.42	$8,358
Apr 2006	20	1,290	64.39	7.36	$10,783
Mar 2006	16	1,202	56.70	7.08	$9,421
Feb 2006	18	1,054	57.59	7.75	$9,206
Jan 2006	29	1,349	60.59	8.93	$13,808
Dec 2005	60	1,264	54.94	13.42	$20,253
Nov 2005	19	1,365	54.69	10.59	$15,492
Oct 2005	42	1,611	58.34	13.80	$24,675
Sep 2005	21	2,033	61.45	12.08	$25,847
Aug 2005	19	1,740	61.51	9.80	$18,215
Jul 2005	19	1,853	55.69	7.84	$15,592
Jun 2005	20	1,369	52.33	7.38	$11,151
May 2005	34	1,447	45.22	6.65	$11,162
Apr 2005	51	1,840	49.20	7.36	$16,052
Mar 2005	53	2,039	50.37	7.15	$17,258
Feb 2005	37	1,752	45.22	6.31	$12,732
Jan 2005	15	1,720	43.16	6.32	$11,522
Dec 2004	9	2,190	39.86	6.75	$15,144
Nov 2004	4	1,431	45.28	6.33	$9,240
Oct 2004	5	1,942	49.70	6.52	$12,901
Sep 2004	11	1,834	43.24	5.28	$10,166
Aug 2004	5	2,197	42.37	5.55	$12,407
Jul 2004	4	2,284	38.28	6.08	$14,049
Jun 2004	8	2,233	36.10	6.43	$14,654
May 2004	0	1,436	37.48	6.49	$9,326
Apr 2004	5	2,514	34.47	5.86	$14,901
Mar 2004	9	2,275	34.36	5.53	$12,890
Feb 2004	7	2,252	32.45	5.51	$12,635
Jan 2004	3	2,841	32.03	6.30	$17,993
Dec 2003	2	2,744	30.26	6.30	$17,352
Nov 2003	13	2,741	28.80	4.60	$12,970
Oct 2003	25	2,017	28.17	4.76	$10,304
Sep 2003	26	2,585	26.31	4.75	$12,961
Aug 2003	56	2,931	29.76	5.13	$16,702
Jul 2003	58	3,336	29.41	5.17	$18,956
Jun 2003	74	3,867	28.56	5.98	$25,250
May 2003	38	4,562	26.59	5.97	$28,258
Apr 2003	108	3,982	26.67	5.41	$24,412
Mar 2003	115	4,482	31.14	6.10	$30,904
Feb 2003	83	4,577	33.48	7.93	$39,056
Jan 2003	153	5,119	30.31	5.58	$33,212
Dec 2002	183	5,569	26.91	4.85	$31,955
Nov 2002	278	6,044	24.66	4.14	$31,859
Oct 2002	156	6,499	26.46	4.23	$31,613
Sep 2002	224	7,313	27.44	3.64	$32,731
Aug 2002	225	7,316	25.96	3.16	$28,990
Jul 2002	240	8,684	24.58	3.06	$32,488
Jun 2002	192	8,488	23.73	3.34	$32,891
May 2002	342	9,362	24.66	3.58	$41,987
Apr 2002	213	9,485	23.65	3.51	$38,352
Mar 2002	183	7,814	22.00	3.10	$28,271
Feb 2002	218	6,494	18.22	2.38	$19,400
Jan 2002	163	4,868	17.17	2.38	$14,364
Dec 2001	325	7,447	16.93	2.36	$23,110
Nov 2001	371	7,721	18.07	2.41	$25,277
Oct 2001	556	8,827	19.78	2.53	$33,320
Sep 2001	468	10,532	24.26	2.25	$35,065
Aug 2001	537	14,437	24.87	3.05	$57,434
Jul 2001	484	14,044	23.93	3.20	$56,482
Jun 2001	1,032	16,673	24.56	3.82	$89,106
May 2001	824	14,728	25.52	4.31	$84,467

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/184189 is the state's own key, not one this site invented.