PETTY RANCH

Name: PETTY RANCH lease production and value, Aug 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 185060District 01Field 16340900CondensateGasSave Export

Value, all time

$1.1 M

Aug 2001 – Aug 2017

Value, last 12 filed months

at the published price for each month

Months reported

193

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	1,587 bbl	$72,424
Gas	Production	186,562 Mcf	$983,069
Total			$1,055,493

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


Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
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	7	154	26.47	2.06	$503
Jan 2016	17	681	27.35	2.36	$2,075
Dec 2015	5	821	32.36	2.00	$1,805
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	5	168	42.99	2.76	$678
Aug 2015	9	819	40.16	2.87	$2,714
Jul 2015	9	861	48.15	2.95	$2,969
Jun 2015	18	926	56.15	2.88	$3,680
May 2015	9	914	55.21	2.96	$3,198
Apr 2015	9	868	49.82	2.71	$2,798
Mar 2015	10	872	42.89	2.93	$2,988
Feb 2015	20	1,018	44.66	2.98	$3,923
Jan 2015	0	332	43.43	3.10	$1,029
Dec 2014	0	16	54.69	3.59	$57
Nov 2014	0	127	70.46	4.25	$540
Oct 2014	11	1,037	78.30	3.90	$4,907
Sep 2014	10	952	86.16	4.05	$4,713
Aug 2014	18	964	89.39	4.04	$5,499
Jul 2014	9	947	96.56	4.18	$4,827
Jun 2014	8	688	98.16	4.74	$4,044
May 2014	8	895	94.73	4.73	$4,988
Apr 2014	17	868	95.94	4.81	$5,805
Mar 2014	19	960	95.89	5.06	$6,676
Feb 2014	29	1,079	97.40	6.19	$9,506
Jan 2014	8	1,029	90.40	4.86	$5,725
Dec 2013	8	1,031	91.82	4.35	$5,224
Nov 2013	8	969	88.85	3.74	$4,333
Oct 2013	0	677	97.42	3.78	$2,559
Sep 2013	9	823	104.11	3.72	$3,997
Aug 2013	0	1,036	104.25	3.52	$3,649
Jul 2013	9	1,015	102.52	3.72	$4,696
Jun 2013	0	1,023	94.40	3.93	$4,024
May 2013	12	1,090	94.83	4.15	$5,660
Apr 2013	0	665	93.96	4.28	$2,848
Mar 2013	7	699	93.62	3.91	$3,390
Feb 2013	7	788	91.23	3.42	$3,334
Jan 2013	18	915	91.60	3.42	$4,778
Dec 2012	11	1,194	86.77	3.42	$5,038
Nov 2012	8	1,319	86.95	3.62	$5,477
Oct 2012	8	1,052	89.38	3.40	$4,292
Sep 2012	0	607	94.67	2.92	$1,771
Aug 2012	6	469	92.66	2.91	$1,920
Jul 2012	3	465	85.13	3.02	$1,660
Jun 2012	5	395	79.82	2.52	$1,394
May 2012	5	433	91.61	2.49	$1,535
Apr 2012	0	526	101.65	2.00	$1,050
Mar 2012	9	524	105.05	2.22	$2,110
Feb 2012	7	433	101.10	2.57	$1,821
Jan 2012	3	361	98.09	2.73	$1,281
Dec 2011	0	585	96.87	3.24	$1,895
Nov 2011	7	205	95.72	3.31	$1,349
Oct 2011	9	335	84.98	3.65	$1,987
Sep 2011	4	591	83.62	3.99	$2,690
Aug 2011	3	411	83.40	4.15	$1,956
Jul 2011	6	382	94.14	4.52	$2,290
Jun 2011	11	526	92.90	4.64	$3,462
May 2011	6	265	98.13	4.40	$1,756
Apr 2011	0	342	105.96	4.33	$1,482
Mar 2011	0	252	96.36	4.06	$1,022
Feb 2011	0	251	85.64	4.18	$1,049
Jan 2011	0	631	86.50	4.59	$2,896
Dec 2010	0	510	85.73	4.35	$2,217
Nov 2010	0	569	80.84	3.80	$2,160
Oct 2010	0	575	78.10	3.51	$2,018
Sep 2010	1	492	72.63	3.98	$2,031
Aug 2010	4	502	73.68	4.42	$2,513
Jul 2010	4	439	72.55	4.74	$2,370
Jun 2010	16	887	70.36	4.91	$5,481
May 2010	17	695	71.12	4.24	$4,153
Apr 2010	12	632	81.69	4.12	$3,586
Mar 2010	0	635	78.39	4.39	$2,787
Feb 2010	0	540	73.58	5.44	$2,939
Jan 2010	0	672	74.36	5.96	$4,008
Dec 2009	9	649	71.44	5.48	$4,202
Nov 2009	78	662	74.59	3.75	$8,302
Oct 2009	51	710	72.54	4.11	$6,618
Sep 2009	0	477	65.54	3.06	$1,462
Aug 2009	0	531	67.42	3.22	$1,709
Jul 2009	0	501	61.13	3.46	$1,736
Jun 2009	0	872	66.16	3.90	$3,396
May 2009	0	1,021	54.74	3.93	$4,008
Apr 2009	0	877	46.77	3.59	$3,146
Mar 2009	0	645	42.14	4.06	$2,618
Feb 2009	0	629	32.81	4.63	$2,914
Jan 2009	0	877	35.86	5.37	$4,710
Dec 2008	0	1,669	37.10	5.98	$9,976
Nov 2008	0	1,715	55.49	6.86	$11,766
Oct 2008	0	1,342	75.24	6.92	$9,289
Sep 2008	0	1,223	101.76	7.88	$9,634
Aug 2008	0	1,319	114.22	8.48	$11,189
Jul 2008	0	1,094	131.08	11.39	$12,460
Jun 2008	0	1,065	131.33	13.03	$13,880
May 2008	0	1,124	123.17	11.57	$13,010
Apr 2008	0	1,222	110.31	10.45	$12,776
Mar 2008	0	1,251	101.90	9.66	$12,090
Feb 2008	0	1,185	92.53	8.77	$10,393
Jan 2008	0	935	90.38	8.21	$7,672
Dec 2007	0	1,079	88.33	7.30	$7,879
Nov 2007	0	1,570	91.67	7.29	$11,448
Oct 2007	0	1,713	82.85	6.92	$11,857
Sep 2007	0	1,227	75.84	6.24	$7,662
Aug 2007	0	983	69.06	6.39	$6,279
Jul 2007	0	1,080	70.90	6.39	$6,899
Jun 2007	0	972	62.00	7.55	$7,337
May 2007	0	960	58.74	7.85	$7,532
Apr 2007	0	920	59.61	7.81	$7,181
Mar 2007	0	990	56.92	7.30	$7,229
Feb 2007	0	867	55.10	8.22	$7,123
Jan 2007	0	1,149	50.30	6.73	$7,729
Dec 2006	0	940	56.65	6.92	$6,503
Nov 2006	0	955	54.20	7.62	$7,275
Oct 2006	0	780	54.90	6.01	$4,691
Sep 2006	0	800	60.08	5.04	$4,030
Aug 2006	0	564	68.71	7.34	$4,140
Jul 2006	0	1,008	69.37	6.34	$6,394
Jun 2006	0	656	66.28	6.38	$4,188
May 2006	0	1,072	66.01	6.42	$6,888
Apr 2006	0	1,222	64.39	7.36	$8,995
Mar 2006	0	1,627	56.70	7.08	$11,524
Feb 2006	0	1,445	57.59	7.75	$11,200
Jan 2006	0	1,621	60.59	8.93	$14,481
Dec 2005	0	1,737	54.94	13.42	$23,303
Nov 2005	0	1,650	54.69	10.59	$17,471
Oct 2005	0	1,757	58.34	13.80	$24,239
Sep 2005	0	1,278	61.45	12.08	$15,437
Aug 2005	0	1,784	61.51	9.80	$17,478
Jul 2005	0	1,202	55.69	7.84	$9,428
Jun 2005	0	1,639	52.33	7.38	$12,098
May 2005	1	1,876	45.22	6.65	$12,523
Apr 2005	4	1,834	49.20	7.36	$13,696
Mar 2005	13	2,412	50.37	7.15	$17,912
Feb 2005	15	2,151	45.22	6.31	$14,255
Jan 2005	13	2,797	43.16	6.32	$18,244
Dec 2004	22	2,886	39.86	6.75	$20,361
Nov 2004	14	2,532	45.28	6.33	$16,663
Oct 2004	3	370	49.70	6.52	$2,560
Sep 2004	3	470	43.24	5.28	$2,613
Aug 2004	4	681	42.37	5.55	$3,949
Jul 2004	3	738	38.28	6.08	$4,605
Jun 2004	5	1,025	36.10	6.43	$6,774
May 2004	6	896	37.48	6.49	$6,044
Apr 2004	3	731	34.47	5.86	$4,386
Mar 2004	5	804	34.36	5.53	$4,618
Feb 2004	6	788	32.45	5.51	$4,536
Jan 2004	12	1,118	32.03	6.30	$7,427
Dec 2003	17	1,363	30.26	6.30	$9,104
Nov 2003	20	1,984	28.80	4.60	$9,693
Oct 2003	13	1,317	28.17	4.76	$6,635
Sep 2003	10	783	26.31	4.75	$3,982
Aug 2003	7	883	29.76	5.13	$4,738
Jul 2003	10	901	29.41	5.17	$4,953
Jun 2003	8	863	28.56	5.98	$5,392
May 2003	6	804	26.59	5.97	$4,962
Apr 2003	9	698	26.67	5.41	$4,014
Mar 2003	5	908	31.14	6.10	$5,691
Feb 2003	6	303	33.48	7.93	$2,602
Jan 2003	8	415	30.31	5.58	$2,559
Dec 2002	9	413	26.91	4.85	$2,247
Nov 2002	6	439	24.66	4.14	$1,964
Oct 2002	3	221	26.46	4.23	$1,014
Sep 2002	4	263	27.44	3.64	$1,066
Aug 2002	7	566	25.96	3.16	$1,973
Jul 2002	9	649	24.58	3.06	$2,208
Jun 2002	12	991	23.73	3.34	$3,593
May 2002	12	1,229	24.66	3.58	$4,701
Apr 2002	13	883	23.65	3.51	$3,409
Mar 2002	16	748	22.00	3.10	$2,673
Feb 2002	39	1,506	18.22	2.38	$4,288
Jan 2002	84	3,773	17.17	2.38	$10,406
Dec 2001	101	4,952	16.93	2.36	$13,418
Nov 2001	115	6,098	18.07	2.41	$16,747
Oct 2001	167	9,893	19.78	2.53	$28,321
Sep 2001	103	9,336	24.26	2.25	$23,517
Aug 2001	0	0	24.87	3.05	$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.

Feb 2016 — as filed, then multipliedworked

Condensate             7 bbl  × $ 26.47 =       $185
Gas                  154 Mcf  × $  2.06 =       $318

────────────────────────────────────────────────────
Month total                                     $503

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/185060 is the state's own key, not one this site invented.