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 184191District 01Field 16340900CondensateGasSaveExport
Value, all time
$1.2 M
May 2001 – Aug 2016
Value, last 12 filed months
$317
at the published price for each month
Months reported
184
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
CondensateDisposition3,887 bbl$165,078
GasProduction186,338 Mcf$993,175
Total$1,158,253

Every month this lease reported (184)

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

184 months

Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20167045.352.69$317
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 2014126089.394.04$11,263
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 201302894.834.15$116
Apr 201308993.964.28$381
Mar 2013013993.623.91$544
Feb 2013014291.233.42$486
Jan 2013044691.603.42$1,525
Dec 2012063786.773.42$2,179
Nov 2012690686.953.62$3,806
Oct 2012788189.383.40$3,621
Sep 2012955594.672.92$2,472
Aug 2012640092.662.91$1,719
Jul 2012346285.133.02$1,651
Jun 2012639079.822.52$1,461
May 2012641791.612.49$1,587
Apr 20120530101.652.00$1,058
Mar 201214537105.052.22$2,664
Feb 201218420101.102.57$2,899
Jan 2012987198.092.73$3,264
Dec 2011099096.873.24$3,207
Nov 20111489395.723.31$4,297
Oct 2011981984.983.65$3,753
Sep 2011549683.623.99$2,395
Aug 2011548483.404.15$2,425
Jul 20111156194.144.52$3,570
Jun 20116361592.904.64$8,706
May 201146498.134.40$4,532
Apr 20110626105.964.33$2,713
Mar 2011232,68596.364.06$13,110
Feb 20112352985.644.18$4,181
Jan 2011659686.504.59$3,254
Dec 20105171085.734.35$7,459
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100172.554.74$5
Jun 201001,52770.364.91$7,498
May 201001,09571.124.24$4,638
Apr 2010017681.694.12$726
Mar 201001,09978.394.39$4,823
Feb 201010864273.585.44$11,441
Jan 2010083774.365.96$4,992
Dec 200901,12671.445.48$6,175
Nov 2009025174.593.75$942
Oct 2009022872.544.11$937
Sep 2009031465.543.06$962
Aug 2009033067.423.22$1,062
Jul 2009031461.133.46$1,088
Jun 2009027466.163.90$1,067
May 2009031654.743.93$1,241
Apr 2009032646.773.59$1,170
Mar 2009075642.144.06$3,069
Feb 2009063832.814.63$2,956
Jan 2009090235.865.37$4,845
Dec 2008062037.105.98$3,706
Nov 2008098155.496.86$6,730
Oct 2008092775.246.92$6,417
Sep 200801,043101.767.88$8,216
Aug 200801,012114.228.48$8,585
Jul 200801,105131.0811.39$12,585
Jun 20081171,126131.3313.03$30,040
May 200801,111123.1711.57$12,859
Apr 200801,196110.3110.45$12,504
Mar 20080854101.909.66$8,253
Feb 200801,07992.538.77$9,463
Jan 20081381,13090.388.21$21,745
Dec 200701,06688.337.30$7,784
Nov 200701,11791.677.29$8,145
Oct 200701,11482.856.92$7,711
Sep 200701,24175.846.24$7,749
Aug 200701,09269.066.39$6,976
Jul 200701,03870.906.39$6,631
Jun 2007080562.007.55$6,077
May 2007831,05358.747.85$13,138
Apr 2007097859.617.81$7,633
Mar 200701,07256.927.30$7,828
Feb 2007092655.108.22$7,608
Jan 2007095550.306.73$6,424
Dec 200601,41156.656.92$9,762
Nov 200601,05754.207.62$8,052
Oct 20069036154.906.01$7,112
Sep 2006097860.085.04$4,926
Aug 200601,17868.717.34$8,646
Jul 200601,44969.376.34$9,191
Jun 200601,40166.286.38$8,944
May 200601,28266.016.42$8,237
Apr 200601,04964.397.36$7,721
Mar 2006781,04756.707.08$11,838
Feb 2006099457.597.75$7,705
Jan 200601,23460.598.93$11,024
Dec 20051091,43754.9413.42$25,266
Nov 2005098654.6910.59$10,440
Oct 200501,38058.3413.80$19,038
Sep 200502,20161.4512.08$26,586
Aug 2005087161.519.80$8,533
Jul 200502,08055.697.84$16,315
Jun 200501,88052.337.38$13,876
May 2005362,06045.226.65$15,329
Apr 200501,66349.207.36$12,240
Mar 200501,84050.377.15$13,165
Feb 200501,84945.226.31$11,671
Jan 200502,05743.166.32$13,005
Dec 200401,48139.866.75$9,998
Nov 2004055245.286.33$3,494
Oct 2004051049.706.52$3,323
Sep 2004781,49643.245.28$11,277
Aug 200401,82042.375.55$10,102
Jul 200402,26038.286.08$13,750
Jun 200402,37336.106.43$15,266
May 20040037.486.49$0
Apr 200405034.475.86$293
Mar 2004049634.365.53$2,743
Feb 20041261,64332.455.51$13,141
Jan 200401,76932.036.30$11,144
Dec 200302,73230.266.30$17,216
Nov 2003061828.804.60$2,840
Oct 2003017428.174.76$828
Sep 200301,98826.314.75$9,442
Aug 200301,30329.765.13$6,684
Jul 200301,80629.415.17$9,339
Jun 200302,66028.565.98$15,915
May 20031532,09126.595.97$16,557
Apr 200301,73826.675.41$9,398
Mar 200301,76531.146.10$10,760
Feb 20031402,19333.487.93$22,069
Jan 200302,12530.315.58$11,862
Dec 20021202,35826.914.85$14,674
Nov 200202,43524.664.14$10,074
Oct 20021172,48326.464.23$13,597
Sep 20021242,76227.443.64$13,443
Aug 200202,49525.963.16$7,895
Jul 20021403,12724.583.06$13,015
Jun 200202,93223.733.34$9,788
May 20021552,88324.663.58$14,155
Apr 20021553,03223.653.51$14,315
Mar 200202,99822.003.10$9,302
Feb 20021602,87718.222.38$9,750
Jan 200203,55517.172.38$8,446
Dec 20011654,69316.932.36$13,890
Nov 20013296,81118.072.41$22,329
Oct 20012415,50619.782.53$18,691
Sep 20011032,51624.262.25$8,163
Aug 20012983,26424.873.05$17,377
Jul 2001516,57223.933.20$22,232
Jun 20010024.563.82$0
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.

Jun 2016 — as filed, then multipliedworked
Condensate             7 bbl  × $ 45.35 =       $317
Gas                    0 Mcf  × $  2.69 =         $0

────────────────────────────────────────────────────
Month total                                     $317

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/184191 is the state's own key, not one this site invented.