GATES RANCH

Operated by WHITE OAK OPERATING COMPANY LLC (P-5 916954) in the CATARINA, SW. (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 184190District 01Field 16340500CondensateGasSaveExport
Value, all time
$401 k
May 2001 – Jan 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
189
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 213 leases and 214 wells, and the rule below applies to all of them.

Discovered
1973-12-28
as the register files it
Field class
Oil and 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 Commission's schedule remark for this field reads: OPTIONAL 80 ACRE UNIT MAX DIAG 4000

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
CondensateDisposition318 bbl$20,312
GasProduction73,603 Mcf$381,059
Total$401,370

Every month this lease reported (189)

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

189 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 201317094.834.15$1,612
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 201204594.672.92$131
Aug 2012024092.662.91$698
Jul 2012029185.133.02$879
Jun 2012957679.822.52$2,169
May 2012836691.612.49$1,644
Apr 20120393101.652.00$785
Mar 20120443105.052.22$984
Feb 2012057101.102.57$147
Jan 201205298.092.73$142
Dec 201104296.873.24$136
Nov 201104995.723.31$162
Oct 201106784.983.65$244
Sep 2011245683.623.99$2,230
Aug 2011010983.404.15$452
Jul 2011115994.144.52$812
Jun 2011021292.904.64$984
May 2011019498.134.40$855
Apr 20110230105.964.33$997
Mar 201105996.364.06$239
Feb 201106785.644.18$280
Jan 201106686.504.59$303
Dec 201003785.734.35$161
Nov 201007880.843.80$296
Oct 201005078.103.51$175
Sep 2010024872.633.98$987
Aug 201007573.684.42$331
Jul 2010042172.554.74$1,994
Jun 201002770.364.91$133
May 201004871.124.24$203
Apr 2010013081.694.12$536
Mar 201009678.394.39$421
Feb 201006373.585.44$343
Jan 201017074.365.96$492
Dec 200904771.445.48$258
Nov 2009010074.593.75$375
Oct 2009011072.544.11$452
Sep 2009013865.543.06$423
Aug 2009014967.423.22$480
Jul 2009016361.133.46$565
Jun 2009024966.163.90$970
May 2009023654.743.93$926
Apr 2009029246.773.59$1,048
Mar 2009024642.144.06$999
Feb 2009018332.814.63$848
Jan 2009019135.865.37$1,026
Dec 20082618237.105.98$2,052
Nov 2008010555.496.86$720
Oct 2008017975.246.92$1,239
Sep 200820248101.767.88$3,989
Aug 200823221114.228.48$4,502
Jul 20080173131.0811.39$1,970
Jun 20080200131.3313.03$2,607
May 20080300123.1711.57$3,472
Apr 20080277110.3110.45$2,896
Mar 20080248101.909.66$2,397
Feb 2008023292.538.77$2,035
Jan 2008032390.388.21$2,650
Dec 2007030788.337.30$2,242
Nov 2007032491.677.29$2,363
Oct 2007020482.856.92$1,412
Sep 2007019975.846.24$1,243
Aug 2007032869.066.39$2,095
Jul 2007038070.906.39$2,427
Jun 2007030862.007.55$2,325
May 2007048758.747.85$3,821
Apr 2007042759.617.81$3,333
Mar 2007042356.927.30$3,089
Feb 2007047355.108.22$3,886
Jan 2007049850.306.73$3,350
Dec 2006056756.656.92$3,923
Nov 2006052954.207.62$4,030
Oct 2006055354.906.01$3,326
Sep 2006061660.085.04$3,103
Aug 2006051568.717.34$3,780
Jul 2006054069.376.34$3,425
Jun 2006055066.286.38$3,511
May 2006056766.016.42$3,643
Apr 2006053664.397.36$3,945
Mar 2006047156.707.08$3,336
Feb 2006045057.597.75$3,488
Jan 2006054060.598.93$4,824
Dec 2005158354.9413.42$7,876
Nov 2005049554.6910.59$5,241
Oct 2005255958.3413.80$7,829
Sep 2005355461.4512.08$6,876
Aug 2005555961.519.80$5,784
Jul 20051063355.697.84$5,522
Jun 20052471952.337.38$6,563
May 20053564645.226.65$5,879
Apr 20054574249.207.36$7,675
Mar 20053759850.377.15$6,142
Feb 20052550445.226.31$4,312
Jan 2005067543.166.32$4,267
Dec 2004082639.866.75$5,576
Nov 2004060145.286.33$3,805
Oct 2004071549.706.52$4,658
Sep 2004064743.245.28$3,419
Aug 2004060142.375.55$3,336
Jul 2004061638.286.08$3,748
Jun 2004055036.106.43$3,538
May 2004067937.486.49$4,410
Apr 2004064234.475.86$3,761
Mar 2004066334.365.53$3,666
Feb 2004067732.455.51$3,730
Jan 2004070832.036.30$4,460
Dec 2003072430.266.30$4,562
Nov 2003057528.804.60$2,642
Oct 2003078228.174.76$3,722
Sep 2003079826.314.75$3,790
Aug 2003082229.765.13$4,217
Jul 2003077929.415.17$4,028
Jun 2003090228.565.98$5,397
May 2003082026.595.97$4,898
Apr 2003063426.675.41$3,428
Mar 2003081031.146.10$4,938
Feb 2003075033.487.93$5,944
Jan 2003082230.315.58$4,588
Dec 2002073626.914.85$3,572
Nov 2002081424.664.14$3,367
Oct 200201,19626.464.23$5,058
Sep 200201,17627.443.64$4,275
Aug 200201,37025.963.16$4,335
Jul 200201,33524.583.06$4,087
Jun 2002097623.733.34$3,258
May 200201,11624.663.58$4,000
Apr 200201,16323.653.51$4,085
Mar 200201,20122.003.10$3,726
Feb 200201,26318.222.38$3,000
Jan 200201,08517.172.38$2,578
Dec 200101,53916.932.36$3,639
Nov 200101,58518.072.41$3,813
Oct 200102,61219.782.53$6,605
Sep 200102,06124.262.25$4,640
Aug 200101,45024.873.05$4,427
Jul 200102,41423.933.20$7,718
Jun 200103,39524.563.82$12,983
May 20010025.524.31$0

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/184190 is the state's own key, not one this site invented.