GATES RANCH

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

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 78970District 01Field 16340900CondensateGasSave Export

Value, all time

$441 k

Jan 1993 – Jun 2018

Value, last 12 filed months

at the published price for each month

Months reported

306

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	817 bbl	$22,902
Gas	Production	120,120 Mcf	$418,493
Total			$441,395

31,215 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 (306)

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

306 months


Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
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	0	0	26.47	2.06	$0
Jan 2016	0	294	27.35	2.36	$695
Dec 2015	0	270	32.36	2.00	$540
Nov 2015	0	250	38.79	2.17	$542
Oct 2015	0	261	43.55	2.43	$633
Sep 2015	0	259	42.99	2.76	$714
Aug 2015	0	268	40.16	2.87	$770
Jul 2015	0	197	48.15	2.95	$580
Jun 2015	0	295	56.15	2.88	$850
May 2015	0	584	55.21	2.96	$1,726
Apr 2015	0	378	49.82	2.71	$1,023
Mar 2015	0	587	42.89	2.93	$1,723
Feb 2015	0	729	44.66	2.98	$2,170
Jan 2015	0	784	43.43	3.10	$2,431
Dec 2014	0	336	54.69	3.59	$1,207
Nov 2014	0	291	70.46	4.25	$1,237
Oct 2014	0	423	78.30	3.90	$1,650
Sep 2014	0	404	86.16	4.05	$1,634
Aug 2014	0	418	89.39	4.04	$1,687
Jul 2014	0	246	96.56	4.18	$1,028
Jun 2014	0	288	98.16	4.74	$1,364
May 2014	0	50	94.73	4.73	$236
Apr 2014	0	227	95.94	4.81	$1,092
Mar 2014	0	214	95.89	5.06	$1,082
Feb 2014	0	257	97.40	6.19	$1,591
Jan 2014	0	400	90.40	4.86	$1,944
Dec 2013	0	386	91.82	4.35	$1,681
Nov 2013	0	174	88.85	3.74	$650
Oct 2013	0	198	97.42	3.78	$748
Sep 2013	0	248	104.11	3.72	$922
Aug 2013	0	286	104.25	3.52	$1,007
Jul 2013	0	307	102.52	3.72	$1,141
Jun 2013	0	336	94.40	3.93	$1,322
May 2013	0	386	94.83	4.15	$1,602
Apr 2013	0	319	93.96	4.28	$1,366
Mar 2013	0	420	93.62	3.91	$1,643
Feb 2013	0	393	91.23	3.42	$1,344
Jan 2013	0	337	91.60	3.42	$1,153
Dec 2012	0	232	86.77	3.42	$793
Nov 2012	0	183	86.95	3.62	$663
Oct 2012	0	578	89.38	3.40	$1,965
Sep 2012	0	627	94.67	2.92	$1,830
Aug 2012	0	311	92.66	2.91	$904
Jul 2012	0	170	85.13	3.02	$514
Jun 2012	0	70	79.82	2.52	$176
May 2012	0	174	91.61	2.49	$433
Apr 2012	0	308	101.65	2.00	$615
Mar 2012	0	199	105.05	2.22	$442
Feb 2012	0	287	101.10	2.57	$738
Jan 2012	0	366	98.09	2.73	$1,001
Dec 2011	0	531	96.87	3.24	$1,720
Nov 2011	0	347	95.72	3.31	$1,149
Oct 2011	0	281	84.98	3.65	$1,025
Sep 2011	0	535	83.62	3.99	$2,132
Aug 2011	0	49	83.40	4.15	$203
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	443	105.96	4.33	$1,920
Mar 2011	0	587	96.36	4.06	$2,382
Feb 2011	0	290	85.64	4.18	$1,212
Jan 2011	0	380	86.50	4.59	$1,744
Dec 2010	0	115	85.73	4.35	$500
Nov 2010	0	323	80.84	3.80	$1,226
Oct 2010	0	102	78.10	3.51	$358
Sep 2010	0	300	72.63	3.98	$1,194
Aug 2010	0	283	73.68	4.42	$1,251
Jul 2010	0	303	72.55	4.74	$1,435
Jun 2010	0	342	70.36	4.91	$1,679
May 2010	0	226	71.12	4.24	$957
Apr 2010	0	351	81.69	4.12	$1,447
Mar 2010	0	358	78.39	4.39	$1,571
Feb 2010	0	311	73.58	5.44	$1,693
Jan 2010	0	368	74.36	5.96	$2,195
Dec 2009	0	380	71.44	5.48	$2,084
Nov 2009	0	281	74.59	3.75	$1,054
Oct 2009	0	421	72.54	4.11	$1,730
Sep 2009	0	379	65.54	3.06	$1,162
Aug 2009	0	486	67.42	3.22	$1,564
Jul 2009	0	474	61.13	3.46	$1,642
Jun 2009	0	466	66.16	3.90	$1,815
May 2009	0	475	54.74	3.93	$1,865
Apr 2009	0	455	46.77	3.59	$1,632
Mar 2009	0	416	42.14	4.06	$1,689
Feb 2009	0	326	32.81	4.63	$1,510
Jan 2009	0	435	35.86	5.37	$2,336
Dec 2008	0	424	37.10	5.98	$2,534
Nov 2008	4	370	55.49	6.86	$2,760
Oct 2008	0	329	75.24	6.92	$2,277
Sep 2008	0	375	101.76	7.88	$2,954
Aug 2008	0	505	114.22	8.48	$4,284
Jul 2008	0	472	131.08	11.39	$5,376
Jun 2008	0	410	131.33	13.03	$5,343
May 2008	0	546	123.17	11.57	$6,320
Apr 2008	0	482	110.31	10.45	$5,039
Mar 2008	0	418	101.90	9.66	$4,040
Feb 2008	0	261	92.53	8.77	$2,289
Jan 2008	14	600	90.38	8.21	$6,189
Dec 2007	0	355	88.33	7.30	$2,592
Nov 2007	0	356	91.67	7.29	$2,596
Oct 2007	0	335	82.85	6.92	$2,319
Sep 2007	0	453	75.84	6.24	$2,829
Aug 2007	0	486	69.06	6.39	$3,105
Jul 2007	0	346	70.90	6.39	$2,210
Jun 2007	0	340	62.00	7.55	$2,566
May 2007	0	339	58.74	7.85	$2,660
Apr 2007	0	379	59.61	7.81	$2,958
Mar 2007	0	413	56.92	7.30	$3,016
Feb 2007	0	330	55.10	8.22	$2,711
Jan 2007	0	375	50.30	6.73	$2,523
Dec 2006	2	340	56.65	6.92	$2,466
Nov 2006	0	387	54.20	7.62	$2,948
Oct 2006	7	398	54.90	6.01	$2,778
Sep 2006	0	505	60.08	5.04	$2,544
Aug 2006	0	399	68.71	7.34	$2,929
Jul 2006	9	605	69.37	6.34	$4,462
Jun 2006	0	440	66.28	6.38	$2,809
May 2006	7	362	66.01	6.42	$2,788
Apr 2006	0	287	64.39	7.36	$2,112
Mar 2006	11	484	56.70	7.08	$4,052
Feb 2006	0	330	57.59	7.75	$2,558
Jan 2006	5	360	60.59	8.93	$3,519
Dec 2005	0	496	54.94	13.42	$6,654
Nov 2005	16	630	54.69	10.59	$7,546
Oct 2005	6	544	58.34	13.80	$7,855
Sep 2005	0	335	61.45	12.08	$4,046
Aug 2005	7	318	61.51	9.80	$3,546
Jul 2005	0	370	55.69	7.84	$2,902
Jun 2005	6	264	52.33	7.38	$2,263
May 2005	5	272	45.22	6.65	$2,035
Apr 2005	0	239	49.20	7.36	$1,759
Mar 2005	6	309	50.37	7.15	$2,513
Feb 2005	0	238	45.22	6.31	$1,502
Jan 2005	12	393	43.16	6.32	$3,003
Dec 2004	6	246	39.86	6.75	$1,900
Nov 2004	10	461	45.28	6.33	$3,371
Oct 2004	6	526	49.70	6.52	$3,725
Sep 2004	15	447	43.24	5.28	$3,011
Aug 2004	7	559	42.37	5.55	$3,399
Jul 2004	4	339	38.28	6.08	$2,216
Jun 2004	0	352	36.10	6.43	$2,264
May 2004	5	335	37.48	6.49	$2,363
Apr 2004	9	356	34.47	5.86	$2,396
Mar 2004	5	361	34.36	5.53	$2,168
Feb 2004	5	403	32.45	5.51	$2,383
Jan 2004	7	403	32.03	6.30	$2,763
Dec 2003	5	333	30.26	6.30	$2,250
Nov 2003	5	380	28.80	4.60	$1,890
Oct 2003	7	366	28.17	4.76	$1,939
Sep 2003	7	454	26.31	4.75	$2,340
Aug 2003	5	429	29.76	5.13	$2,349
Jul 2003	3	418	29.41	5.17	$2,250
Jun 2003	4	304	28.56	5.98	$1,933
May 2003	2	398	26.59	5.97	$2,430
Apr 2003	22	404	26.67	5.41	$2,771
Mar 2003	0	388	31.14	6.10	$2,365
Feb 2003	14	354	33.48	7.93	$3,274
Jan 2003	3	422	30.31	5.58	$2,447
Dec 2002	24	390	26.91	4.85	$2,539
Nov 2002	0	328	24.66	4.14	$1,357
Oct 2002	9	403	26.46	4.23	$1,942
Sep 2002	0	331	27.44	3.64	$1,203
Aug 2002	0	361	25.96	3.16	$1,142
Jul 2002	0	391	24.58	3.06	$1,197
Jun 2002	0	353	23.73	3.34	$1,178
May 2002	0	365	24.66	3.58	$1,308
Apr 2002	0	409	23.65	3.51	$1,437
Mar 2002	0	538	22.00	3.10	$1,669
Feb 2002	0	531	18.22	2.38	$1,261
Jan 2002	0	417	17.17	2.38	$991
Dec 2001	0	543	16.93	2.36	$1,284
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	1	496	19.78	2.53	$1,274
Sep 2001	3	550	24.26	2.25	$1,311
Aug 2001	4	569	24.87	3.05	$1,837
Jul 2001	4	496	23.93	3.20	$1,681
Jun 2001	8	483	24.56	3.82	$2,044
May 2001	24	501	25.52	4.31	$2,770
Apr 2001	22	587	24.68	5.34	$3,675
Mar 2001	33	623	24.54	5.38	$4,159
Feb 2001	23	652	27.75	5.77	$4,398
Jan 2001	10	403	27.47	8.40	$3,659
Dec 2000	0	405	26.88	9.12	$3,695
Nov 2000	0	390	32.21	5.66	$2,207
Oct 2000	0	371	31.23	5.15	$1,909
Sep 2000	0	449	31.87	5.19	$2,329
Aug 2000	0	596	29.64	4.54	$2,706
Jul 2000	0	604	28.53	4.09	$2,470
Jun 2000	0	536	29.30	4.40	$2,357
May 2000	0	410	27.26	3.68	$1,509
Apr 2000	0	482	24.51	3.12	$1,502
Mar 2000	0	474	28.42	2.86	$1,356
Feb 2000	8	368	27.62	2.73	$1,224
Jan 2000	0	433	25.27	2.48	$1,074
Dec 1999	0	351	24.28	2.42	$851
Nov 1999	0	457	23.19	2.43	$1,112
Oct 1999	0	462	20.98	2.80	$1,295
Sep 1999	0	384	21.75	2.62	$1,006
Aug 1999	0	462	19.26	2.88	$1,329
Jul 1999	8	438	17.89	2.37	$1,182
Jun 1999	0	496	15.94	2.36	$1,172
May 1999	0	517	15.79	2.32	$1,200
Apr 1999	7	449	15.10	2.21	$1,097
Mar 1999	0	472	12.47	1.84	$868
Feb 1999	0	342	9.98	1.82	$622
Jan 1999	7	343	10.38	1.90	$724
Dec 1998	6	418	9.20	1.77	$796
Nov 1998	0	409	10.89	2.19	$894
Oct 1998	8	434	12.42	1.97	$954
Sep 1998	0	461	12.59	2.08	$960
Aug 1998	7	357	11.30	1.91	$760
Jul 1998	0	415	11.74	2.24	$928
Jun 1998	0	470	11.24	2.24	$1,052
May 1998	0	551	12.62	2.21	$1,216
Apr 1998	9	409	13.04	2.51	$1,142
Mar 1998	9	372	12.80	2.31	$974
Feb 1998	0	292	13.95	2.30	$671
Jan 1998	5	411	14.70	2.15	$959
Dec 1997	4	464	16.32	2.41	$1,184
Nov 1997	5	444	18.19	3.09	$1,462
Oct 1997	0	489	19.25	3.15	$1,540
Sep 1997	7	522	17.74	2.95	$1,667
Aug 1997	6	541	17.86	2.55	$1,489
Jul 1997	8	496	17.58	2.25	$1,255
Jun 1997	0	552	17.24	2.26	$1,246
May 1997	8	573	18.97	2.31	$1,475
Apr 1997	0	535	17.88	2.08	$1,114
Mar 1997	6	797	18.95	1.94	$1,659
Feb 1997	5	417	20.49	2.21	$1,022
Jan 1997	5	399	23.48	3.54	$1,530
Dec 1996	0	456	23.32	—	$0
Nov 1996	5	478	21.97	—	$110
Oct 1996	6	534	23.31	—	$140
Sep 1996	5	525	22.22	—	$111
Aug 1996	0	550	20.26	—	$0
Jul 1996	3	593	19.55	—	$59
Jun 1996	3	594	18.73	—	$56
May 1996	0	615	19.43	—	$0
Apr 1996	4	551	21.51	—	$86
Mar 1996	4	573	19.38	—	$78
Feb 1996	0	548	16.98	—	$0
Jan 1996	9	555	17.07	—	$154
Dec 1995	0	686	17.19	—	$0
Nov 1995	9	691	16.00	—	$144
Oct 1995	13	700	15.43	—	$201
Sep 1995	0	736	16.18	—	$0
Aug 1995	11	669	15.92	—	$175
Jul 1995	6	661	15.24	—	$91
Jun 1995	6	586	16.41	—	$98
May 1995	6	492	17.56	—	$105
Apr 1995	6	531	17.73	—	$106
Mar 1995	0	599	16.44	—	$0
Feb 1995	6	568	16.58	—	$99
Jan 1995	5	693	15.92	—	$80
Dec 1994	5	670	15.03	—	$75
Nov 1994	6	668	15.90	—	$95
Oct 1994	11	608	15.58	—	$171
Sep 1994	0	536	15.29	—	$0
Aug 1994	6	667	16.13	—	$97
Jul 1994	0	709	17.56	—	$0
Jun 1994	6	729	17.09	—	$103
May 1994	6	648	15.88	—	$95
Apr 1994	11	661	14.14	—	$156
Mar 1994	6	635	12.46	—	$75
Feb 1994	5	636	12.50	—	$63
Jan 1994	9	679	12.66	—	$114
Dec 1993	0	699	12.33	—	$0
Nov 1993	3	703	14.49	—	$43
Oct 1993	2	757	15.85	—	$32
Sep 1993	4	795	15.03	—	$60
Aug 1993	2	765	15.66	—	$31
Jul 1993	4	744	15.46	—	$62
Jun 1993	3	729	16.79	—	$50
May 1993	7	758	17.68	—	$124
Apr 1993	6	795	18.05	—	$108
Mar 1993	9	880	18.14	—	$163
Feb 1993	5	710	17.90	—	$90
Jan 1993	28	850	16.93	—	$474

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.

Jan 2016 — as filed, then multipliedworked

Condensate             0 bbl  × $ 27.35 =         $0
Gas                  294 Mcf  × $  2.36 =       $695

────────────────────────────────────────────────────
Month total                                     $695

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/78970 is the state's own key, not one this site invented.