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 80747District 01Field 16340900CondensateGasSave Export

Value, all time

$1.6 M

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	3,188 bbl	$90,217
Gas	Production	414,062 Mcf	$1,526,275
Total			$1,616,492

45,236 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	17	27.35	2.36	$40
Dec 2015	0	65	32.36	2.00	$130
Nov 2015	0	87	38.79	2.17	$189
Oct 2015	0	62	43.55	2.43	$150
Sep 2015	0	33	42.99	2.76	$91
Aug 2015	0	34	40.16	2.87	$98
Jul 2015	0	68	48.15	2.95	$200
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	74	55.21	2.96	$219
Apr 2015	0	105	49.82	2.71	$284
Mar 2015	0	221	42.89	2.93	$649
Feb 2015	0	269	44.66	2.98	$801
Jan 2015	0	354	43.43	3.10	$1,098
Dec 2014	0	190	54.69	3.59	$682
Nov 2014	0	48	70.46	4.25	$204
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	63	89.39	4.04	$254
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	15	95.94	4.81	$72
Mar 2014	0	30	95.89	5.06	$152
Feb 2014	0	12	97.40	6.19	$74
Jan 2014	0	31	90.40	4.86	$151
Dec 2013	0	41	91.82	4.35	$179
Nov 2013	0	186	88.85	3.74	$695
Oct 2013	0	57	97.42	3.78	$215
Sep 2013	0	117	104.11	3.72	$435
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	34	102.52	3.72	$126
Jun 2013	0	2	94.40	3.93	$8
May 2013	0	82	94.83	4.15	$340
Apr 2013	0	33	93.96	4.28	$141
Mar 2013	0	19	93.62	3.91	$74
Feb 2013	0	33	91.23	3.42	$113
Jan 2013	0	113	91.60	3.42	$386
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	23	94.67	2.92	$67
Aug 2012	0	23	92.66	2.91	$67
Jul 2012	0	39	85.13	3.02	$118
Jun 2012	0	47	79.82	2.52	$118
May 2012	0	31	91.61	2.49	$77
Apr 2012	0	53	101.65	2.00	$106
Mar 2012	0	28	105.05	2.22	$62
Feb 2012	0	55	101.10	2.57	$141
Jan 2012	0	72	98.09	2.73	$197
Dec 2011	0	12	96.87	3.24	$39
Nov 2011	0	62	95.72	3.31	$205
Oct 2011	0	55	84.98	3.65	$201
Sep 2011	0	75	83.62	3.99	$299
Aug 2011	0	64	83.40	4.15	$266
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	34	105.96	4.33	$147
Mar 2011	0	55	96.36	4.06	$223
Feb 2011	0	24	85.64	4.18	$100
Jan 2011	0	304	86.50	4.59	$1,395
Dec 2010	0	676	85.73	4.35	$2,939
Nov 2010	0	76	80.84	3.80	$288
Oct 2010	0	34	78.10	3.51	$119
Sep 2010	0	56	72.63	3.98	$223
Aug 2010	0	63	73.68	4.42	$278
Jul 2010	0	29	72.55	4.74	$137
Jun 2010	0	76	70.36	4.91	$373
May 2010	0	96	71.12	4.24	$407
Apr 2010	0	256	81.69	4.12	$1,055
Mar 2010	0	111	78.39	4.39	$487
Feb 2010	0	46	73.58	5.44	$250
Jan 2010	0	97	74.36	5.96	$579
Dec 2009	0	118	71.44	5.48	$647
Nov 2009	0	125	74.59	3.75	$469
Oct 2009	0	139	72.54	4.11	$571
Sep 2009	0	82	65.54	3.06	$251
Aug 2009	0	146	67.42	3.22	$470
Jul 2009	0	174	61.13	3.46	$603
Jun 2009	0	162	66.16	3.90	$631
May 2009	0	143	54.74	3.93	$561
Apr 2009	0	176	46.77	3.59	$631
Mar 2009	0	200	42.14	4.06	$812
Feb 2009	0	212	32.81	4.63	$982
Jan 2009	0	231	35.86	5.37	$1,241
Dec 2008	0	254	37.10	5.98	$1,518
Nov 2008	12	231	55.49	6.86	$2,251
Oct 2008	0	268	75.24	6.92	$1,855
Sep 2008	0	236	101.76	7.88	$1,859
Aug 2008	0	261	114.22	8.48	$2,214
Jul 2008	0	250	131.08	11.39	$2,847
Jun 2008	0	245	131.33	13.03	$3,193
May 2008	0	224	123.17	11.57	$2,593
Apr 2008	0	227	110.31	10.45	$2,373
Mar 2008	0	295	101.90	9.66	$2,851
Feb 2008	0	326	92.53	8.77	$2,859
Jan 2008	20	307	90.38	8.21	$4,327
Dec 2007	0	395	88.33	7.30	$2,884
Nov 2007	0	293	91.67	7.29	$2,136
Oct 2007	0	299	82.85	6.92	$2,070
Sep 2007	0	226	75.84	6.24	$1,411
Aug 2007	0	254	69.06	6.39	$1,623
Jul 2007	0	218	70.90	6.39	$1,393
Jun 2007	0	248	62.00	7.55	$1,872
May 2007	0	226	58.74	7.85	$1,773
Apr 2007	0	249	59.61	7.81	$1,943
Mar 2007	0	238	56.92	7.30	$1,738
Feb 2007	0	255	55.10	8.22	$2,095
Jan 2007	0	235	50.30	6.73	$1,581
Dec 2006	11	245	56.65	6.92	$2,318
Nov 2006	0	315	54.20	7.62	$2,400
Oct 2006	16	269	54.90	6.01	$2,496
Sep 2006	0	270	60.08	5.04	$1,360
Aug 2006	0	241	68.71	7.34	$1,769
Jul 2006	0	314	69.37	6.34	$1,992
Jun 2006	0	309	66.28	6.38	$1,973
May 2006	16	284	66.01	6.42	$2,881
Apr 2006	0	247	64.39	7.36	$1,818
Mar 2006	7	120	56.70	7.08	$1,247
Feb 2006	0	565	57.59	7.75	$4,379
Jan 2006	17	673	60.59	8.93	$7,042
Dec 2005	0	238	54.94	13.42	$3,193
Nov 2005	44	521	54.69	10.59	$7,923
Oct 2005	21	344	58.34	13.80	$5,971
Sep 2005	0	380	61.45	12.08	$4,590
Aug 2005	19	439	61.51	9.80	$5,470
Jul 2005	0	508	55.69	7.84	$3,985
Jun 2005	40	1,092	52.33	7.38	$10,153
May 2005	37	873	45.22	6.65	$7,480
Apr 2005	0	462	49.20	7.36	$3,401
Mar 2005	37	926	50.37	7.15	$8,489
Feb 2005	0	424	45.22	6.31	$2,676
Jan 2005	53	616	43.16	6.32	$6,182
Dec 2004	27	920	39.86	6.75	$7,287
Nov 2004	22	539	45.28	6.33	$4,408
Oct 2004	20	814	49.70	6.52	$6,297
Sep 2004	39	498	43.24	5.28	$4,318
Aug 2004	37	1,477	42.37	5.55	$9,766
Jul 2004	26	816	38.28	6.08	$5,960
Jun 2004	0	1,393	36.10	6.43	$8,961
May 2004	34	1,301	37.48	6.49	$9,724
Apr 2004	76	1,596	34.47	5.86	$11,970
Mar 2004	34	1,619	34.36	5.53	$10,122
Feb 2004	34	1,371	32.45	5.51	$8,657
Jan 2004	84	1,184	32.03	6.30	$10,149
Dec 2003	45	1,901	30.26	6.30	$13,341
Nov 2003	0	1,233	28.80	4.60	$5,666
Oct 2003	91	2,007	28.17	4.76	$12,116
Sep 2003	34	1,893	26.31	4.75	$9,885
Aug 2003	39	1,784	29.76	5.13	$10,312
Jul 2003	48	2,855	29.41	5.17	$16,174
Jun 2003	39	2,045	28.56	5.98	$13,349
May 2003	44	2,644	26.59	5.97	$16,962
Apr 2003	117	3,122	26.67	5.41	$20,002
Mar 2003	0	3,032	31.14	6.10	$18,483
Feb 2003	92	3,040	33.48	7.93	$27,175
Jan 2003	59	3,081	30.31	5.58	$18,987
Dec 2002	86	3,733	26.91	4.85	$20,433
Nov 2002	0	3,904	24.66	4.14	$16,151
Oct 2002	81	4,640	26.46	4.23	$21,766
Sep 2002	76	5,471	27.44	3.64	$21,974
Aug 2002	288	5,440	25.96	3.16	$24,690
Jul 2002	49	4,663	24.58	3.06	$15,481
Jun 2002	41	4,613	23.73	3.34	$16,372
May 2002	0	5,349	24.66	3.58	$19,171
Apr 2002	85	5,448	23.65	3.51	$21,145
Mar 2002	104	5,913	22.00	3.10	$20,634
Feb 2002	48	7,961	18.22	2.38	$19,787
Jan 2002	181	10,621	17.17	2.38	$28,340
Dec 2001	0	8,972	16.93	2.36	$21,213
Nov 2001	83	12,806	18.07	2.41	$32,305
Oct 2001	28	16,494	19.78	2.53	$42,265
Sep 2001	32	18,383	24.26	2.25	$42,162
Aug 2001	0	22,796	24.87	3.05	$69,600
Jul 2001	0	24,906	23.93	3.20	$79,626
Jun 2001	0	14,052	24.56	3.82	$53,737
May 2001	0	18,156	25.52	4.31	$78,204
Apr 2001	0	19,598	24.68	5.34	$104,562
Mar 2001	0	24,659	24.54	5.38	$132,578
Feb 2001	6	29,054	27.75	5.77	$167,723
Jan 2001	10	1,000	27.47	8.40	$8,673
Dec 2000	0	434	26.88	9.12	$3,959
Nov 2000	0	424	32.21	5.66	$2,399
Oct 2000	0	317	31.23	5.15	$1,631
Sep 2000	0	381	31.87	5.19	$1,976
Aug 2000	0	477	29.64	4.54	$2,166
Jul 2000	0	429	28.53	4.09	$1,755
Jun 2000	0	397	29.30	4.40	$1,746
May 2000	0	372	27.26	3.68	$1,369
Apr 2000	0	397	24.51	3.12	$1,237
Mar 2000	0	445	28.42	2.86	$1,273
Feb 2000	8	366	27.62	2.73	$1,219
Jan 2000	0	441	25.27	2.48	$1,094
Dec 1999	0	435	24.28	2.42	$1,054
Nov 1999	0	395	23.19	2.43	$961
Oct 1999	0	452	20.98	2.80	$1,267
Sep 1999	0	399	21.75	2.62	$1,045
Aug 1999	0	445	19.26	2.88	$1,280
Jul 1999	7	503	17.89	2.37	$1,319
Jun 1999	0	546	15.94	2.36	$1,290
May 1999	0	555	15.79	2.32	$1,288
Apr 1999	8	447	15.10	2.21	$1,108
Mar 1999	0	463	12.47	1.84	$851
Feb 1999	0	434	9.98	1.82	$789
Jan 1999	8	493	10.38	1.90	$1,020
Dec 1998	8	505	9.20	1.77	$969
Nov 1998	0	463	10.89	2.19	$1,012
Oct 1998	8	467	12.42	1.97	$1,019
Sep 1998	0	436	12.59	2.08	$908
Aug 1998	9	411	11.30	1.91	$886
Jul 1998	0	527	11.74	2.24	$1,179
Jun 1998	0	507	11.24	2.24	$1,134
May 1998	0	528	12.62	2.21	$1,165
Apr 1998	9	544	13.04	2.51	$1,480
Mar 1998	9	555	12.80	2.31	$1,397
Feb 1998	0	437	13.95	2.30	$1,005
Jan 1998	5	608	14.70	2.15	$1,384
Dec 1997	4	555	16.32	2.41	$1,403
Nov 1997	4	552	18.19	3.09	$1,777
Oct 1997	0	582	19.25	3.15	$1,833
Sep 1997	3	684	17.74	2.95	$2,074
Aug 1997	4	744	17.86	2.55	$1,972
Jul 1997	5	730	17.58	2.25	$1,728
Jun 1997	0	569	17.24	2.26	$1,284
May 1997	5	538	18.97	2.31	$1,337
Apr 1997	0	584	17.88	2.08	$1,216
Mar 1997	5	781	18.95	1.94	$1,609
Feb 1997	5	626	20.49	2.21	$1,483
Jan 1997	5	639	23.48	3.54	$2,379
Dec 1996	0	722	23.32	—	$0
Nov 1996	4	682	21.97	—	$88
Oct 1996	4	814	23.31	—	$93
Sep 1996	3	675	22.22	—	$67
Aug 1996	0	691	20.26	—	$0
Jul 1996	3	808	19.55	—	$59
Jun 1996	3	772	18.73	—	$56
May 1996	0	839	19.43	—	$0
Apr 1996	4	803	21.51	—	$86
Mar 1996	4	762	19.38	—	$78
Feb 1996	0	738	16.98	—	$0
Jan 1996	9	879	17.07	—	$154
Dec 1995	0	945	17.19	—	$0
Nov 1995	9	791	16.00	—	$144
Oct 1995	10	827	15.43	—	$154
Sep 1995	0	829	16.18	—	$0
Aug 1995	11	916	15.92	—	$175
Jul 1995	16	946	15.24	—	$244
Jun 1995	17	766	16.41	—	$279
May 1995	16	838	17.56	—	$281
Apr 1995	15	860	17.73	—	$266
Mar 1995	0	810	16.44	—	$0
Feb 1995	20	830	16.58	—	$332
Jan 1995	17	1,021	15.92	—	$271
Dec 1994	20	955	15.03	—	$301
Nov 1994	19	952	15.90	—	$302
Oct 1994	36	877	15.58	—	$561
Sep 1994	0	839	15.29	—	$0
Aug 1994	20	1,053	16.13	—	$323
Jul 1994	0	1,149	17.56	—	$0
Jun 1994	17	959	17.09	—	$291
May 1994	16	817	15.88	—	$254
Apr 1994	30	961	14.14	—	$424
Mar 1994	19	894	12.46	—	$237
Feb 1994	14	943	12.50	—	$175
Jan 1994	21	809	12.66	—	$266
Dec 1993	9	947	12.33	—	$111
Nov 1993	19	1,064	14.49	—	$275
Oct 1993	11	1,066	15.85	—	$174
Sep 1993	20	1,163	15.03	—	$301
Aug 1993	10	1,185	15.66	—	$157
Jul 1993	5	1,293	15.46	—	$77
Jun 1993	3	1,166	16.79	—	$50
May 1993	7	1,250	17.68	—	$124
Apr 1993	3	1,310	18.05	—	$54
Mar 1993	8	1,424	18.14	—	$145
Feb 1993	4	1,160	17.90	—	$72
Jan 1993	4	1,436	16.93	—	$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.

Jan 2016 — as filed, then multipliedworked

Condensate             0 bbl  × $ 27.35 =         $0
Gas                   17 Mcf  × $  2.36 =        $40

────────────────────────────────────────────────────
Month total                                      $40

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/80747 is the state's own key, not one this site invented.