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 79227District 01Field 16340900CondensateGasSave Export

Value, all time

$273 k

Jan 1993 – Mar 2005

Value, last 12 filed months

$11 k

at the published price for each month

Months reported

147

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	2,826 bbl	$52,949
Gas	Production	133,542 Mcf	$219,759
Total			$272,708

63,670 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 (147)

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

147 months


Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	16	45.22	6.31	$101
Jan 2005	0	26	43.16	6.32	$164
Dec 2004	0	24	39.86	6.75	$162
Nov 2004	0	139	45.28	6.33	$880
Oct 2004	0	213	49.70	6.52	$1,388
Sep 2004	0	141	43.24	5.28	$745
Aug 2004	0	304	42.37	5.55	$1,687
Jul 2004	0	241	38.28	6.08	$1,466
Jun 2004	0	229	36.10	6.43	$1,473
May 2004	0	177	37.48	6.49	$1,150
Apr 2004	0	222	34.47	5.86	$1,301
Mar 2004	0	243	34.36	5.53	$1,344
Feb 2004	0	237	32.45	5.51	$1,306
Jan 2004	0	261	32.03	6.30	$1,644
Dec 2003	0	229	30.26	6.30	$1,443
Nov 2003	0	274	28.80	4.60	$1,259
Oct 2003	0	308	28.17	4.76	$1,466
Sep 2003	0	102	26.31	4.75	$484
Aug 2003	0	3	29.76	5.13	$15
Jul 2003	0	58	29.41	5.17	$300
Jun 2003	0	104	28.56	5.98	$622
May 2003	0	206	26.59	5.97	$1,230
Apr 2003	0	175	26.67	5.41	$946
Mar 2003	0	211	31.14	6.10	$1,286
Feb 2003	0	139	33.48	7.93	$1,102
Jan 2003	0	218	30.31	5.58	$1,217
Dec 2002	0	266	26.91	4.85	$1,291
Nov 2002	0	243	24.66	4.14	$1,005
Oct 2002	0	56	26.46	4.23	$237
Sep 2002	0	177	27.44	3.64	$643
Aug 2002	0	212	25.96	3.16	$671
Jul 2002	0	274	24.58	3.06	$839
Jun 2002	0	323	23.73	3.34	$1,078
May 2002	0	322	24.66	3.58	$1,154
Apr 2002	0	333	23.65	3.51	$1,170
Mar 2002	0	338	22.00	3.10	$1,049
Feb 2002	0	412	18.22	2.38	$979
Jan 2002	0	329	17.17	2.38	$782
Dec 2001	0	360	16.93	2.36	$851
Nov 2001	1	823	18.07	2.41	$1,998
Oct 2001	7	1,960	19.78	2.53	$5,095
Sep 2001	33	1,259	24.26	2.25	$3,635
Aug 2001	13	354	24.87	3.05	$1,404
Jul 2001	30	1,005	23.93	3.20	$3,931
Jun 2001	24	785	24.56	3.82	$3,591
May 2001	15	1,169	25.52	4.31	$5,418
Apr 2001	14	448	24.68	5.34	$2,736
Mar 2001	10	499	24.54	5.38	$2,928
Feb 2001	15	553	27.75	5.77	$3,605
Jan 2001	22	709	27.47	8.40	$6,559
Dec 2000	30	746	26.88	9.12	$7,612
Nov 2000	24	703	32.21	5.66	$4,751
Oct 2000	25	717	31.23	5.15	$4,470
Sep 2000	24	781	31.87	5.19	$4,816
Aug 2000	50	1,414	29.64	4.54	$7,903
Jul 2000	64	1,686	28.53	4.09	$8,721
Jun 2000	26	1,182	29.30	4.40	$5,959
May 2000	38	1,123	27.26	3.68	$5,168
Apr 2000	34	1,105	24.51	3.12	$4,277
Mar 2000	39	856	28.42	2.86	$3,556
Feb 2000	35	845	27.62	2.73	$3,271
Jan 2000	25	723	25.27	2.48	$2,425
Dec 1999	15	874	24.28	2.42	$2,483
Nov 1999	19	1,186	23.19	2.43	$3,327
Oct 1999	15	1,211	20.98	2.80	$3,710
Sep 1999	12	971	21.75	2.62	$2,804
Aug 1999	13	793	19.26	2.88	$2,531
Jul 1999	13	791	17.89	2.37	$2,109
Jun 1999	11	819	15.94	2.36	$2,110
May 1999	15	1,088	15.79	2.32	$2,762
Apr 1999	16	1,012	15.10	2.21	$2,476
Mar 1999	29	1,379	12.47	1.84	$2,897
Feb 1999	19	1,170	9.98	1.82	$2,316
Jan 1999	27	1,405	10.38	1.90	$2,950
Dec 1998	26	1,349	9.20	1.77	$2,631
Nov 1998	27	1,136	10.89	2.19	$2,777
Oct 1998	23	990	12.42	1.97	$2,235
Sep 1998	26	1,110	12.59	2.08	$2,639
Aug 1998	24	1,242	11.30	1.91	$2,640
Jul 1998	27	1,308	11.74	2.24	$3,243
Jun 1998	11	1,230	11.24	2.24	$2,875
May 1998	14	1,149	12.62	2.21	$2,712
Apr 1998	13	1,133	13.04	2.51	$3,008
Mar 1998	15	997	12.80	2.31	$2,495
Feb 1998	13	856	13.95	2.30	$2,149
Jan 1998	19	1,301	14.70	2.15	$3,083
Dec 1997	19	1,149	16.32	2.41	$3,080
Nov 1997	25	1,227	18.19	3.09	$4,244
Oct 1997	26	1,328	19.25	3.15	$4,683
Sep 1997	21	1,431	17.74	2.95	$4,601
Aug 1997	29	1,479	17.86	2.55	$4,296
Jul 1997	33	1,330	17.58	2.25	$3,569
Jun 1997	30	1,016	17.24	2.26	$2,811
May 1997	47	929	18.97	2.31	$3,036
Apr 1997	43	864	17.88	2.08	$2,568
Mar 1997	62	1,103	18.95	1.94	$3,314
Feb 1997	46	1,002	20.49	2.21	$3,153
Jan 1997	31	924	23.48	3.54	$3,999
Dec 1996	17	494	23.32	—	$396
Nov 1996	9	452	21.97	—	$198
Oct 1996	15	466	23.31	—	$350
Sep 1996	13	458	22.22	—	$289
Aug 1996	21	596	20.26	—	$425
Jul 1996	17	618	19.55	—	$332
Jun 1996	20	642	18.73	—	$375
May 1996	32	709	19.43	—	$622
Apr 1996	22	400	21.51	—	$473
Mar 1996	25	484	19.38	—	$485
Feb 1996	27	498	16.98	—	$458
Jan 1996	20	572	17.07	—	$341
Dec 1995	45	766	17.19	—	$774
Nov 1995	34	940	16.00	—	$544
Oct 1995	28	1,112	15.43	—	$432
Sep 1995	43	1,207	16.18	—	$696
Aug 1995	27	1,429	15.92	—	$430
Jul 1995	37	1,870	15.24	—	$564
Jun 1995	10	730	16.41	—	$164
May 1995	14	950	17.56	—	$246
Apr 1995	24	1,628	17.73	—	$426
Mar 1995	29	1,715	16.44	—	$477
Feb 1995	25	1,609	16.58	—	$415
Jan 1995	24	1,851	15.92	—	$382
Dec 1994	26	1,137	15.03	—	$391
Nov 1994	29	1,718	15.90	—	$461
Oct 1994	25	1,719	15.58	—	$390
Sep 1994	28	2,012	15.29	—	$428
Aug 1994	29	2,182	16.13	—	$468
Jul 1994	31	2,186	17.56	—	$544
Jun 1994	37	2,285	17.09	—	$632
May 1994	43	2,306	15.88	—	$683
Apr 1994	42	2,183	14.14	—	$594
Mar 1994	52	2,321	12.46	—	$648
Feb 1994	46	1,956	12.50	—	$575
Jan 1994	39	2,455	12.66	—	$494
Dec 1993	34	1,873	12.33	—	$419
Nov 1993	15	289	14.49	—	$217
Oct 1993	22	1,065	15.85	—	$349
Sep 1993	27	1,462	15.03	—	$406
Aug 1993	30	1,846	15.66	—	$470
Jul 1993	31	1,799	15.46	—	$479
Jun 1993	32	1,486	16.79	—	$537
May 1993	37	1,337	17.68	—	$654
Apr 1993	41	1,620	18.05	—	$740
Mar 1993	34	1,311	18.14	—	$617
Feb 1993	27	1,031	17.90	—	$483
Jan 1993	39	1,895	16.93	—	$660

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 2005 — as filed, then multipliedworked

Condensate             0 bbl  × $ 45.22 =         $0
Gas                   16 Mcf  × $  6.31 =       $101

────────────────────────────────────────────────────
Month total                                     $101

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/79227 is the state's own key, not one this site invented.