GATES RANCH "A"

Operated by LEWIS PETRO PROPERTIES, INC. (P-5 499978) 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 78884District 01Field 16340900CondensateGasSaveExport
Value, all time
$110 k
Jan 1993 – Feb 2006
Value, last 12 filed months
$0
at the published price for each month
Months reported
158
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
CondensateDisposition163 bbl$2,843
GasProduction71,522 Mcf$107,491
Total$110,333

36,493 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Every month this lease reported (158)

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

158 months

Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 200304130.266.30$258
Nov 200301928.804.60$87
Oct 200302528.174.76$119
Sep 200301726.314.75$81
Aug 200303829.765.13$195
Jul 200305229.415.17$269
Jun 200301428.565.98$84
May 20030226.595.97$12
Apr 200306026.675.41$324
Mar 200306131.146.10$372
Feb 200306233.487.93$491
Jan 200326030.315.58$396
Dec 200206126.914.85$296
Nov 200206024.664.14$248
Oct 200206126.464.23$258
Sep 200206227.443.64$225
Aug 200206025.963.16$190
Jul 200206024.583.06$184
Jun 200202523.733.34$83
May 2002018824.663.58$674
Apr 200209223.653.51$323
Mar 200208722.003.10$270
Feb 2002029318.222.38$696
Jan 2002038817.172.38$922
Dec 2001081316.932.36$1,922
Nov 200101,09918.072.41$2,644
Oct 2001146119.782.53$1,186
Sep 2001147424.262.25$1,091
Aug 2001055024.873.05$1,679
Jul 2001053123.933.20$1,698
Jun 2001049924.563.82$1,908
May 2001157625.524.31$2,507
Apr 2001056624.685.34$3,020
Mar 2001164124.545.38$3,471
Feb 2001054627.755.77$3,149
Jan 2001055627.478.40$4,670
Dec 2000047126.889.12$4,297
Nov 2000055832.215.66$3,157
Oct 2000032331.235.15$1,662
Sep 2000035431.875.19$1,836
Aug 2000044229.644.54$2,007
Jul 2000044328.534.09$1,812
Jun 2000047529.304.40$2,089
May 2000039527.263.68$1,454
Apr 2000144224.513.12$1,402
Mar 2000042628.422.86$1,218
Feb 2000039127.622.73$1,066
Jan 2000045425.272.48$1,126
Dec 1999244024.282.42$1,115
Nov 1999052723.192.43$1,283
Oct 1999249420.982.80$1,427
Sep 1999053921.752.62$1,412
Aug 1999155219.262.88$1,607
Jul 1999044917.892.37$1,065
Jun 1999146715.942.36$1,119
May 1999053115.792.32$1,232
Apr 1999046415.102.21$1,025
Mar 1999050612.471.84$930
Feb 199903149.981.82$571
Jan 1999268510.381.90$1,322
Dec 199815789.201.77$1,034
Nov 1998156010.892.19$1,235
Oct 1998058012.421.97$1,142
Sep 1998462812.592.08$1,358
Aug 1998038611.301.91$736
Jul 1998155611.742.24$1,256
Jun 1998269111.242.24$1,568
May 1998072512.622.21$1,600
Apr 1998470913.042.51$1,828
Mar 1998176312.802.31$1,775
Feb 1998174813.952.30$1,734
Jan 1998162214.702.15$1,355
Dec 1997562216.322.41$1,581
Nov 1997260218.193.09$1,896
Oct 1997156319.253.15$1,793
Sep 1997062417.742.95$1,844
Aug 1997263017.862.55$1,645
Jul 1997466217.582.25$1,558
Jun 1997057817.242.26$1,305
May 1997162218.972.31$1,455
Apr 1997560117.882.08$1,341
Mar 1997059918.951.94$1,162
Feb 1997155620.492.21$1,247
Jan 1997548223.483.54$1,824
Dec 1996159223.32$23
Nov 1996151221.97$22
Oct 1996589723.31$117
Sep 1996457922.22$89
Aug 1996016220.26$0
Jul 1996463619.55$78
Jun 1996264618.73$37
May 1996182519.43$19
Apr 1996481321.51$86
Mar 1996480919.38$78
Feb 1996173216.98$17
Jan 1996589717.07$85
Dec 1995475217.19$69
Nov 19951178316.00$176
Oct 1995569315.43$77
Sep 1995175116.18$16
Aug 1995594215.92$80
Jul 1995187415.24$15
Jun 1995594916.41$82
May 199541,01117.56$70
Apr 1995192817.73$18
Mar 1995280516.44$33
Feb 1995281016.58$33
Jan 1995087315.92$0
Dec 1994590615.03$75
Nov 1994093315.90$0
Oct 1994097615.58$0
Sep 1994496415.29$61
Aug 1994086216.13$0
Jul 1994388217.56$53
Jun 1994385117.09$51
May 1994081515.88$0
Apr 1994389014.14$42
Mar 1994078012.46$0
Feb 1994380412.50$38
Jan 1994270012.66$25
Dec 1993076912.33$0
Nov 1993070414.49$0
Oct 1993263115.85$32
Sep 1993263815.03$30
Aug 1993070915.66$0
Jul 1993282215.46$31
Jun 1993083216.79$0
May 1993210117.68$35
Apr 1993070818.05$0
Mar 1993170718.14$18
Feb 1993070117.90$0
Jan 1993153716.93$17

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 2003 — as filed, then multipliedworked
Condensate             0 bbl  × $ 30.26 =         $0
Gas                   41 Mcf  × $  6.30 =       $258

────────────────────────────────────────────────────
Month total                                     $258

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/78884 is the state's own key, not one this site invented.