PETTY, O. S.

Name: PETTY, O. S. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BLACKBRUSH O & G, INC. (P-5 73027) 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 78969District 01Field 16340900CondensateGasSave Export

Value, all time

$165 k

Jan 1993 – Jul 2005

Value, last 12 filed months

$11 k

at the published price for each month

Months reported

151

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	944 bbl	$18,130
Gas	Production	59,866 Mcf	$146,678
Total			$164,809

21,354 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 (151)

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

151 months


Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	1	0	45.22	6.65	$45
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	31	39.86	6.75	$209
Nov 2004	0	428	45.28	6.33	$2,709
Oct 2004	0	582	49.70	6.52	$3,792
Sep 2004	2	486	43.24	5.28	$2,654
Aug 2004	0	288	42.37	5.55	$1,599
Jul 2004	0	388	38.28	6.08	$2,361
Jun 2004	0	388	36.10	6.43	$2,496
May 2004	0	562	37.48	6.49	$3,650
Apr 2004	0	388	34.47	5.86	$2,273
Mar 2004	0	373	34.36	5.53	$2,063
Feb 2004	5	389	32.45	5.51	$2,305
Jan 2004	0	339	32.03	6.30	$2,136
Dec 2003	0	326	30.26	6.30	$2,054
Nov 2003	0	370	28.80	4.60	$1,700
Oct 2003	0	354	28.17	4.76	$1,685
Sep 2003	0	367	26.31	4.75	$1,743
Aug 2003	0	358	29.76	5.13	$1,836
Jul 2003	0	363	29.41	5.17	$1,877
Jun 2003	0	360	28.56	5.98	$2,154
May 2003	11	323	26.59	5.97	$2,222
Apr 2003	0	342	26.67	5.41	$1,849
Mar 2003	0	510	31.14	6.10	$3,109
Feb 2003	11	346	33.48	7.93	$3,111
Jan 2003	0	353	30.31	5.58	$1,970
Dec 2002	11	362	26.91	4.85	$2,053
Nov 2002	0	333	24.66	4.14	$1,378
Oct 2002	9	324	26.46	4.23	$1,608
Sep 2002	9	348	27.44	3.64	$1,512
Aug 2002	0	347	25.96	3.16	$1,098
Jul 2002	6	326	24.58	3.06	$1,146
Jun 2002	0	328	23.73	3.34	$1,095
May 2002	5	369	24.66	3.58	$1,446
Apr 2002	5	342	23.65	3.51	$1,319
Mar 2002	0	324	22.00	3.10	$1,005
Feb 2002	4	315	18.22	2.38	$821
Jan 2002	0	309	17.17	2.38	$734
Dec 2001	4	402	16.93	2.36	$1,018
Nov 2001	6	334	18.07	2.41	$912
Oct 2001	6	397	19.78	2.53	$1,123
Sep 2001	4	404	24.26	2.25	$1,007
Aug 2001	9	507	24.87	3.05	$1,772
Jul 2001	7	467	23.93	3.20	$1,661
Jun 2001	11	376	24.56	3.82	$1,708
May 2001	15	444	25.52	4.31	$2,295
Apr 2001	13	403	24.68	5.34	$2,471
Mar 2001	14	442	24.54	5.38	$2,720
Feb 2001	0	407	27.75	5.77	$2,347
Jan 2001	0	404	27.47	8.40	$3,393
Dec 2000	5	444	26.88	9.12	$4,185
Nov 2000	4	439	32.21	5.66	$2,613
Oct 2000	0	451	31.23	5.15	$2,321
Sep 2000	6	430	31.87	5.19	$2,421
Aug 2000	6	428	29.64	4.54	$2,121
Jul 2000	7	424	28.53	4.09	$1,934
Jun 2000	7	604	29.30	4.40	$2,861
May 2000	8	629	27.26	3.68	$2,533
Apr 2000	26	609	24.51	3.12	$2,535
Mar 2000	12	632	28.42	2.86	$2,148
Feb 2000	0	566	27.62	2.73	$1,543
Jan 2000	9	354	25.27	2.48	$1,106
Dec 1999	10	517	24.28	2.42	$1,496
Nov 1999	0	565	23.19	2.43	$1,375
Oct 1999	10	601	20.98	2.80	$1,895
Sep 1999	0	527	21.75	2.62	$1,380
Aug 1999	8	363	19.26	2.88	$1,198
Jul 1999	0	408	17.89	2.37	$968
Jun 1999	10	315	15.94	2.36	$903
May 1999	10	262	15.79	2.32	$766
Apr 1999	11	349	15.10	2.21	$937
Mar 1999	0	443	12.47	1.84	$814
Feb 1999	10	369	9.98	1.82	$771
Jan 1999	0	425	10.38	1.90	$807
Dec 1998	5	454	9.20	1.77	$851
Nov 1998	7	505	10.89	2.19	$1,180
Oct 1998	0	553	12.42	1.97	$1,089
Sep 1998	8	564	12.59	2.08	$1,275
Aug 1998	0	511	11.30	1.91	$975
Jul 1998	0	301	11.74	2.24	$673
Jun 1998	5	356	11.24	2.24	$853
May 1998	0	339	12.62	2.21	$748
Apr 1998	7	370	13.04	2.51	$1,018
Mar 1998	0	382	12.80	2.31	$882
Feb 1998	5	357	13.95	2.30	$891
Jan 1998	5	349	14.70	2.15	$826
Dec 1997	3	361	16.32	2.41	$919
Nov 1997	0	338	18.19	3.09	$1,044
Oct 1997	0	368	19.25	3.15	$1,159
Sep 1997	2	379	17.74	2.95	$1,155
Aug 1997	0	371	17.86	2.55	$948
Jul 1997	3	0	17.58	2.25	$53
Jun 1997	6	503	17.24	2.26	$1,239
May 1997	9	465	18.97	2.31	$1,244
Apr 1997	7	377	17.88	2.08	$910
Mar 1997	10	401	18.95	1.94	$967
Feb 1997	0	358	20.49	2.21	$790
Jan 1997	12	368	23.48	3.54	$1,584
Dec 1996	6	392	23.32	—	$140
Nov 1996	10	428	21.97	—	$220
Oct 1996	0	402	23.31	—	$0
Sep 1996	12	437	22.22	—	$267
Aug 1996	8	482	20.26	—	$162
Jul 1996	0	471	19.55	—	$0
Jun 1996	12	460	18.73	—	$225
May 1996	11	443	19.43	—	$214
Apr 1996	12	464	21.51	—	$258
Mar 1996	0	479	19.38	—	$0
Feb 1996	12	422	16.98	—	$204
Jan 1996	0	492	17.07	—	$0
Dec 1995	12	478	17.19	—	$206
Nov 1995	11	455	16.00	—	$176
Oct 1995	0	450	15.43	—	$0
Sep 1995	14	416	16.18	—	$227
Aug 1995	12	423	15.92	—	$191
Jul 1995	14	423	15.24	—	$213
Jun 1995	0	431	16.41	—	$0
May 1995	15	479	17.56	—	$263
Apr 1995	16	441	17.73	—	$284
Mar 1995	0	474	16.44	—	$0
Feb 1995	17	380	16.58	—	$282
Jan 1995	0	422	15.92	—	$0
Dec 1994	15	414	15.03	—	$225
Nov 1994	17	452	15.90	—	$270
Oct 1994	0	418	15.58	—	$0
Sep 1994	16	462	15.29	—	$245
Aug 1994	0	471	16.13	—	$0
Jul 1994	16	441	17.56	—	$281
Jun 1994	18	411	17.09	—	$308
May 1994	17	426	15.88	—	$270
Apr 1994	0	397	14.14	—	$0
Mar 1994	18	417	12.46	—	$224
Feb 1994	18	397	12.50	—	$225
Jan 1994	19	447	12.66	—	$241
Dec 1993	18	466	12.33	—	$222
Nov 1993	17	403	14.49	—	$246
Oct 1993	0	470	15.85	—	$0
Sep 1993	19	429	15.03	—	$286
Aug 1993	0	409	15.66	—	$0
Jul 1993	19	456	15.46	—	$294
Jun 1993	20	436	16.79	—	$336
May 1993	20	424	17.68	—	$354
Apr 1993	23	426	18.05	—	$415
Mar 1993	23	640	18.14	—	$417
Feb 1993	0	551	17.90	—	$0
Jan 1993	16	447	16.93	—	$271

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.

May 2005 — as filed, then multipliedworked

Condensate             1 bbl  × $ 45.22 =        $45
Gas                    0 Mcf  × $  6.65 =         $0

────────────────────────────────────────────────────
Month total                                      $45

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/78969 is the state's own key, not one this site invented.