PETTY, O. S.

Operated by PETROPOINT ENERGY OPERATING, LLC (P-5 660957) 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 80445District 01Field 16340900CondensateGasSaveExport
Value, all time
$648 k
Jan 1993 – May 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
245
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
CondensateDisposition2,504 bbl$198,030
GasProduction177,153 Mcf$449,661
Total$647,691

75,760 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 (245)

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

245 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 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201211101.102.57$104
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 201001185.734.35$48
Nov 201005480.843.80$205
Oct 201008078.103.51$281
Sep 201009372.633.98$370
Aug 201009373.684.42$411
Jul 2010012172.554.74$573
Jun 2010027870.364.91$1,365
May 2010023671.124.24$1,000
Apr 201007481.694.12$305
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 201006974.365.96$412
Dec 200909871.445.48$537
Nov 200906874.593.75$255
Oct 2009017372.544.11$711
Sep 200903865.543.06$116
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 2009022966.163.90$892
May 2009016654.743.93$652
Apr 2009021146.773.59$757
Mar 2009615442.144.06$878
Feb 2009610432.814.63$679
Jan 20096210435.865.37$2,782
Dec 200808737.105.98$520
Nov 2008013855.496.86$947
Oct 2008010275.246.92$706
Sep 2008098101.767.88$772
Aug 20080110114.228.48$933
Jul 20080131131.0811.39$1,492
Jun 2008066131.3313.03$860
May 200820799123.1711.57$26,642
Apr 200815460110.3110.45$17,615
Mar 2008190114101.909.66$20,463
Feb 200820111992.538.77$19,642
Jan 200829212790.388.21$27,433
Dec 20071619188.337.30$14,886
Nov 20072286791.677.29$21,389
Oct 200723915482.856.92$20,867
Sep 200725822275.846.24$20,953
Aug 2007021169.066.39$1,348
Jul 2007022670.906.39$1,444
Jun 2007020462.007.55$1,540
May 2007021258.747.85$1,663
Apr 2007020759.617.81$1,616
Mar 2007020156.927.30$1,468
Feb 2007040655.108.22$3,336
Jan 2007046650.306.73$3,135
Dec 2006050256.656.92$3,473
Nov 2006044254.207.62$3,367
Oct 2006047354.906.01$2,845
Sep 2006033160.085.04$1,667
Aug 2006013668.717.34$998
Jul 2006012969.376.34$818
Jun 200607566.286.38$479
May 2006022166.016.42$1,420
Apr 2006046864.397.36$3,445
Mar 2006049656.707.08$3,513
Feb 2006054557.597.75$4,224
Jan 2006052760.598.93$4,708
Dec 2005057554.9413.42$7,714
Nov 2005059454.6910.59$6,290
Oct 2005068658.3413.80$9,464
Sep 2005065261.4512.08$7,876
Aug 2005067461.519.80$6,603
Jul 2005065455.697.84$5,130
Jun 2005061852.337.38$4,561
May 2005062345.226.65$4,144
Apr 2005055149.207.36$4,056
Mar 2005055850.377.15$3,992
Feb 2005049345.226.31$3,112
Jan 2005066643.166.32$4,211
Dec 2004068139.866.75$4,597
Nov 2004075145.286.33$4,754
Oct 2004082849.706.52$5,395
Sep 2004072443.245.28$3,826
Aug 2004079442.375.55$4,407
Jul 2004072638.286.08$4,417
Jun 2004077036.106.43$4,953
May 2004070437.486.49$4,572
Apr 2004067934.475.86$3,978
Mar 2004079434.365.53$4,391
Feb 2004077632.455.51$4,275
Jan 2004085732.036.30$5,399
Dec 2003076930.266.30$4,846
Nov 2003076328.804.60$3,506
Oct 2003081528.174.76$3,879
Sep 2003076026.314.75$3,610
Aug 2003076429.765.13$3,919
Jul 2003077929.415.17$4,028
Jun 2003085228.565.98$5,097
May 2003081326.595.97$4,856
Apr 2003062126.675.41$3,358
Mar 2003075231.146.10$4,584
Feb 2003075833.487.93$6,008
Jan 2003074830.315.58$4,175
Dec 2002079526.914.85$3,859
Nov 2002077324.664.14$3,198
Oct 2002083226.464.23$3,519
Sep 2002091927.443.64$3,341
Aug 2002097625.963.16$3,088
Jul 200201,01524.583.06$3,108
Jun 2002091123.733.34$3,041
May 2002076224.663.58$2,731
Apr 2002078323.653.51$2,750
Mar 2002081822.003.10$2,538
Feb 2002086818.222.38$2,062
Jan 2002052017.172.38$1,235
Dec 2001057816.932.36$1,367
Nov 2001156718.072.41$1,382
Oct 2001665219.782.53$1,768
Sep 2001565124.262.25$1,587
Aug 2001574824.873.05$2,408
Jul 2001461923.933.20$2,075
Jun 2001575324.563.82$3,002
May 2001375525.524.31$3,329
Apr 2001688124.685.34$4,849
Mar 2001488524.545.38$4,856
Feb 2001577127.755.77$4,585
Jan 20011199027.478.40$8,617
Dec 2000461,00526.889.12$10,405
Nov 20003586832.215.66$6,038
Oct 20003489131.235.15$5,646
Sep 20002683731.875.19$5,170
Aug 20003993729.644.54$5,411
Jul 20004599528.534.09$5,353
Jun 20002069929.304.40$3,660
May 20003781127.263.68$3,993
Apr 2000401,08224.513.12$4,352
Mar 20005096428.422.86$4,178
Feb 20004289327.622.73$3,595
Jan 20002573825.272.48$2,462
Dec 1999055124.282.42$1,335
Nov 1999062323.192.43$1,516
Oct 1999059020.982.80$1,654
Sep 1999064521.752.62$1,689
Aug 1999092319.262.88$2,654
Jul 1999091617.892.37$2,173
Jun 1999095015.942.36$2,244
May 199901,05215.792.32$2,442
Apr 199901,06015.102.21$2,341
Mar 199901,14112.471.84$2,098
Feb 199908759.981.82$1,591
Jan 199901,14810.381.90$2,181
Dec 199809459.201.77$1,676
Nov 199801,04010.892.19$2,273
Oct 199801,13612.421.97$2,237
Sep 199801,12012.592.08$2,333
Aug 199801,13311.301.91$2,161
Jul 199801,12211.742.24$2,510
Jun 1998098911.242.24$2,213
May 199801,01912.622.21$2,248
Apr 1998092213.042.51$2,310
Mar 1998093712.802.31$2,164
Feb 1998085013.952.30$1,954
Jan 199801,10714.702.15$2,385
Dec 199701,09216.322.41$2,633
Nov 199701,11318.193.09$3,437
Oct 199701,05019.253.15$3,307
Sep 199701,12217.742.95$3,315
Aug 199701,16617.862.55$2,979
Jul 199701,05817.582.25$2,377
Jun 1997098217.242.26$2,217
May 1997099518.972.31$2,297
Apr 1997099117.882.08$2,064
Mar 199701,05718.951.94$2,050
Feb 199701,01220.492.21$2,232
Jan 199701,07923.483.54$3,819
Dec 199601,10623.32$0
Nov 199601,09221.97$0
Oct 199601,16223.31$0
Sep 199601,12122.22$0
Aug 199601,15120.26$0
Jul 199601,12019.55$0
Jun 199601,09218.73$0
May 199601,11019.43$0
Apr 199601,09621.51$0
Mar 199601,20619.38$0
Feb 199601,21216.98$0
Jan 199601,44117.07$0
Dec 199501,53117.19$0
Nov 199501,51816.00$0
Oct 199501,60915.43$0
Sep 199501,53916.18$0
Aug 199501,62515.92$0
Jul 199501,64915.24$0
Jun 199501,59216.41$0
May 199501,60317.56$0
Apr 199501,62817.73$0
Mar 199501,62916.44$0
Feb 199501,48916.58$0
Jan 199501,73015.92$0
Dec 199401,71615.03$0
Nov 199401,76815.90$0
Oct 199401,89315.58$0
Sep 199401,84915.29$0
Aug 199401,91616.13$0
Jul 199402,08517.56$0
Jun 199402,02517.09$0
May 199402,04415.88$0
Apr 199401,87614.14$0
Mar 199402,05312.46$0
Feb 199401,90412.50$0
Jan 199402,42212.66$0
Dec 199302,12412.33$0
Nov 199302,07714.49$0
Oct 199302,20015.85$0
Sep 199301,29815.03$0
Aug 199301,41315.66$0
Jul 199301,53415.46$0
Jun 199301,40916.79$0
May 199301,45617.68$0
Apr 199301,39718.05$0
Mar 199301,42118.14$0
Feb 199311,32817.90$18
Jan 199341,50116.93$68

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 2012 — as filed, then multipliedworked
Condensate             1 bbl  × $101.10 =       $101
Gas                    1 Mcf  × $  2.57 =         $3

────────────────────────────────────────────────────
Month total                                     $104

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/80445 is the state's own key, not one this site invented.