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 184778District 01Field 16340900CondensateGasSaveExport
Value, all time
$778 k
Jun 2001 – Jun 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
193
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
CondensateDisposition4,361 bbl$101,685
GasProduction167,470 Mcf$676,080
Total$777,765

Every month this lease reported (193)

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

193 months

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 20160026.472.06$0
Jan 20160027.352.36$0
Dec 201501632.362.00$32
Nov 201511738.792.17$76
Oct 201504643.552.43$112
Sep 201515742.992.76$200
Aug 201514740.162.87$175
Jul 201515648.152.95$213
Jun 201524856.152.88$251
May 2015210055.212.96$406
Apr 2015221849.822.71$690
Mar 2015117042.892.93$542
Feb 2015112244.662.98$408
Jan 2015014643.433.10$453
Dec 201401354.693.59$47
Nov 201401370.464.25$55
Oct 201412578.303.90$176
Sep 201429886.164.05$569
Aug 2014427389.394.04$1,459
Jul 2014311696.564.18$775
Jun 2014733198.164.74$2,255
May 2014881794.734.73$4,619
Apr 20141383495.944.81$5,258
Mar 2014653195.895.06$3,261
Feb 201482097.406.19$903
Jan 2014757790.404.86$3,437
Dec 2013589291.824.35$4,343
Nov 2013569788.853.74$3,050
Oct 2013043697.423.78$1,648
Sep 20135373104.113.72$1,907
Aug 20130520104.253.52$1,832
Jul 20135656102.523.72$2,951
Jun 2013054394.403.93$2,136
May 20131061094.834.15$3,479
Apr 2013068393.964.28$2,925
Mar 2013448393.623.91$2,264
Feb 2013440891.233.42$1,760
Jan 2013851091.603.42$2,477
Dec 2012549886.773.42$2,137
Nov 2012655486.953.62$2,530
Oct 2012681789.383.40$3,314
Sep 2012241694.672.92$1,403
Aug 2012542992.662.91$1,711
Jul 2012243985.133.02$1,496
Jun 2012442179.822.52$1,380
May 2012441791.612.49$1,404
Apr 20120548101.652.00$1,094
Mar 20121540105.052.22$1,305
Feb 2012157101.102.57$248
Jan 201203098.092.73$82
Dec 201101296.873.24$39
Nov 201133195.723.31$390
Oct 2011610784.983.65$900
Sep 2011055383.623.99$2,204
Aug 201112083.404.15$166
Jul 201116294.144.52$374
Jun 2011177892.904.64$3,703
May 201104098.134.40$176
Apr 2011036105.964.33$156
Mar 201102696.364.06$105
Feb 201101785.644.18$71
Jan 201104686.504.59$211
Dec 2010146185.734.35$2,090
Nov 2010011780.843.80$444
Oct 2010011078.103.51$386
Sep 201008172.633.98$322
Aug 201008073.684.42$354
Jul 201007672.554.74$360
Jun 2010148370.364.91$2,442
May 2010034671.124.24$1,465
Apr 2010015181.694.12$623
Mar 201003578.394.39$154
Feb 201003073.585.44$163
Jan 201004274.365.96$250
Dec 200906571.445.48$356
Nov 200906374.593.75$236
Oct 200907672.544.11$312
Sep 200904065.543.06$123
Aug 200904067.423.22$129
Jul 200904061.133.46$139
Jun 200902066.163.90$78
May 200904054.743.93$157
Apr 200904046.773.59$144
Mar 200903842.144.06$154
Feb 20090732.814.63$32
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080355.496.86$21
Oct 20080075.246.92$0
Sep 2008014101.767.88$110
Aug 2008083114.228.48$704
Jul 20080139131.0811.39$1,583
Jun 2008088131.3313.03$1,147
May 2008049123.1711.57$567
Apr 2008068110.3110.45$711
Mar 2008063101.909.66$609
Feb 200807492.538.77$649
Jan 200808490.388.21$689
Dec 2007016388.337.30$1,190
Nov 2007021391.677.29$1,553
Oct 2007030282.856.92$2,090
Sep 2007027475.846.24$1,711
Aug 2007021569.066.39$1,373
Jul 2007028270.906.39$1,801
Jun 2007023862.007.55$1,797
May 2007029858.747.85$2,338
Apr 2007042259.617.81$3,294
Mar 2007047156.927.30$3,439
Feb 2007035355.108.22$2,900
Jan 2007070150.306.73$4,716
Dec 2006040956.656.92$2,830
Nov 2006078854.207.62$6,003
Oct 2006096154.906.01$5,779
Sep 2006047360.085.04$2,383
Aug 2006042368.717.34$3,105
Jul 2006050469.376.34$3,197
Jun 2006035466.286.38$2,260
May 2006067966.016.42$4,363
Apr 2006078064.397.36$5,741
Mar 2006052156.707.08$3,690
Feb 2006041857.597.75$3,240
Jan 2006052760.598.93$4,708
Dec 2005046454.9413.42$6,225
Nov 2005058954.6910.59$6,237
Oct 2005052458.3413.80$7,229
Sep 2005092361.4512.08$11,149
Aug 2005094661.519.80$9,268
Jul 2005087155.697.84$6,832
Jun 200501,55452.337.38$11,470
May 200502,12145.226.65$14,107
Apr 200501,94149.207.36$14,287
Mar 200501,68350.377.15$12,042
Feb 200501,80245.226.31$11,374
Jan 200502,03543.166.32$12,866
Dec 200401,36039.866.75$9,181
Nov 2004067645.286.33$4,279
Oct 2004041449.706.52$2,697
Sep 2004038543.245.28$2,034
Aug 2004093442.375.55$5,184
Jul 2004079338.286.08$4,825
Jun 2004098436.106.43$6,330
May 200401,04237.486.49$6,767
Apr 2004082834.475.86$4,851
Mar 2004087234.365.53$4,822
Feb 2004056032.455.51$3,085
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 200309028.804.60$414
Oct 2003054128.174.76$2,575
Sep 2003056426.314.75$2,679
Aug 2003066429.765.13$3,406
Jul 2003057629.415.17$2,978
Jun 2003062128.565.98$3,715
May 2003069026.595.97$4,121
Apr 2003054426.675.41$2,942
Mar 2003080331.146.10$4,895
Feb 2003064833.487.93$5,136
Jan 2003070030.315.58$3,907
Dec 2002073226.914.85$3,553
Nov 2002067324.664.14$2,784
Oct 2002062026.464.23$2,622
Sep 2002065827.443.64$2,392
Aug 2002262425.963.16$2,026
Jul 2002772124.583.06$2,380
Jun 20022975923.733.34$3,222
May 2002381,04824.663.58$4,693
Apr 20021212,27523.653.51$10,852
Mar 20022254,75422.003.10$19,700
Feb 20023535,80018.222.38$20,211
Jan 20024327,01717.172.38$24,088
Dec 20015109,12316.932.36$30,205
Nov 20015049,90718.072.41$32,939
Oct 200155912,78519.782.53$43,389
Sep 200117710,61324.262.25$28,187
Aug 200122410,79724.873.05$38,536
Jul 200149511,15623.933.20$47,512
Jun 200151814,35524.563.82$67,618

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.

Dec 2015 — as filed, then multipliedworked
Condensate             0 bbl  × $ 32.36 =         $0
Gas                   16 Mcf  × $  2.00 =        $32

────────────────────────────────────────────────────
Month total                                      $32

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/184778 is the state's own key, not one this site invented.