PETTY RANCH

Operated by ROSETTA RESOURCES OPERATING LP (P-5 728883) 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 189127District 01Field 16340500CondensateGasSaveExport
Value, all time
$1.2 M
Jun 2002 – May 2013
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
132
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
CondensateDisposition4,013 bbl$231,084
GasProduction166,974 Mcf$957,425
Total$1,188,509

Every month this lease reported (132)

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

132 months

May 20130094.834.15$0
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 20120089.383.40$0
Sep 20120094.672.92$0
Aug 2012541192.662.91$1,659
Jul 2012243985.133.02$1,496
Jun 2012438379.822.52$1,284
May 2012441791.612.49$1,404
Apr 20120528101.652.00$1,054
Mar 20121545105.052.22$1,316
Feb 2012224101.102.57$264
Jan 201215198.092.73$238
Dec 2011017796.873.24$573
Nov 201136595.723.31$502
Oct 2011715984.983.65$1,175
Sep 2011158883.623.99$2,427
Aug 2011112283.404.15$590
Jul 2011313294.144.52$879
Jun 2011119992.904.64$1,016
May 201106398.134.40$278
Apr 201109105.964.33$39
Mar 201106696.364.06$268
Feb 2011015585.644.18$648
Jan 201104186.504.59$188
Dec 201005385.734.35$230
Nov 201007680.843.80$288
Oct 2010010678.103.51$372
Sep 2010732372.633.98$1,794
Aug 20102652073.684.42$4,214
Jul 20102647272.554.74$4,122
Jun 2010020170.364.91$987
May 20104016971.124.24$3,561
Apr 20105549181.694.12$6,517
Mar 20101345078.394.39$2,994
Feb 20104034173.585.44$4,799
Jan 20102366674.365.96$5,682
Dec 200911395171.445.48$13,288
Nov 2009361,25974.593.75$7,408
Oct 2009095372.544.11$3,917
Sep 2009010965.543.06$334
Aug 2009028867.423.22$927
Jul 2009023861.133.46$825
Jun 2009046366.163.90$1,803
May 200901,19654.743.93$4,695
Apr 2009184446.773.59$3,075
Mar 20099142.144.06$383
Feb 20093732.814.63$131
Jan 200959135.865.37$668
Dec 2008328837.105.98$1,833
Nov 20082038355.496.86$3,737
Oct 20085073375.246.92$8,836
Sep 2008571,223101.767.88$15,434
Aug 200846892114.228.48$12,821
Jul 2008461,287131.0811.39$20,688
Jun 200838915131.3313.03$16,915
May 2008351,072123.1711.57$16,719
Apr 200822646110.3110.45$9,181
Mar 200820721101.909.66$9,006
Feb 20081966292.538.77$7,564
Jan 20082659090.388.21$7,191
Dec 20071754588.337.30$5,481
Nov 20074093991.677.29$10,514
Oct 20072883882.856.92$8,120
Sep 20074196575.846.24$9,135
Aug 2007341,07069.066.39$9,183
Jul 20071261,00270.906.39$15,334
Jun 20071111,17662.007.55$15,759
May 20071021,12858.747.85$14,842
Apr 20071361,31259.617.81$18,347
Mar 20078883856.927.30$11,128
Feb 20074854555.108.22$7,123
Jan 20074338850.306.73$4,773
Dec 20064470056.656.92$7,336
Nov 20066972054.207.62$9,224
Oct 2006491,11454.906.01$9,389
Sep 20063479160.085.04$6,027
Aug 20062672868.717.34$7,130
Jul 2006303169.376.34$2,278
Jun 20064391266.286.38$8,672
May 20065090166.016.42$9,089
Apr 20066296064.397.36$11,058
Mar 20065689556.707.08$9,514
Feb 20064188757.597.75$9,236
Jan 2006331,06660.598.93$11,522
Dec 2005671,15654.9413.42$19,189
Nov 20053798154.6910.59$12,411
Oct 20056191058.3413.80$16,113
Sep 2005571,11161.4512.08$16,922
Aug 2005671,24561.519.80$16,318
Jul 2005641,05355.697.84$11,824
Jun 2005571,28252.337.38$12,445
May 2005661,31045.226.65$11,698
Apr 2005551,17049.207.36$11,318
Mar 20052583750.377.15$7,248
Feb 2005451,34045.226.31$10,493
Jan 2005401,66243.166.32$12,234
Dec 2004812,14139.866.75$17,683
Nov 2004581,77745.286.33$13,875
Oct 2004701,41849.706.52$12,717
Sep 2004692,78443.245.28$17,694
Aug 2004512,05142.375.55$13,545
Jul 2004382,16738.286.08$14,639
Jun 2004482,54136.106.43$18,079
May 2004542,33037.486.49$17,156
Apr 2004252,21834.475.86$13,856
Mar 2004102,40734.365.53$13,655
Feb 2004102,51932.455.51$14,203
Jan 2004142,46532.036.30$15,977
Dec 2003172,57230.266.30$16,722
Nov 2003172,65528.804.60$12,690
Oct 2003182,80228.174.76$13,844
Sep 2003192,62926.314.75$12,986
Aug 2003132,79629.765.13$14,730
Jul 2003222,75629.415.17$14,898
Jun 2003252,97928.565.98$18,537
May 2003233,81126.595.97$23,373
Apr 2003282,95026.675.41$16,698
Mar 2003164,12031.146.10$25,614
Feb 2003223,86233.487.93$31,346
Jan 2003224,67430.315.58$26,757
Dec 2002334,40626.914.85$22,274
Nov 2002346,00524.664.14$25,681
Oct 2002675,45926.464.23$24,860
Sep 2002655,37727.443.64$21,330
Aug 2002785,66825.963.16$19,959
Jul 20021028,70824.583.06$29,169
Jun 2002587,16523.733.34$25,295

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 2012 — as filed, then multipliedworked
Condensate             5 bbl  × $ 92.66 =       $463
Gas                  411 Mcf  × $  2.91 =     $1,195

────────────────────────────────────────────────────
Month total                                   $1,659

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/189127 is the state's own key, not one this site invented.