GATES RANCH "A"

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 82275District 01Field 16340900CondensateGasSaveExport
Value, all time
$87 k
Jan 1993 – Apr 2009
Value, last 12 filed months
$0
at the published price for each month
Months reported
196
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
CondensateDisposition159 bbl$3,341
GasProduction39,076 Mcf$83,466
Total$86,807

16,239 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 (196)

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

196 months

Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 200608366.286.38$530
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060157.597.75$8
Jan 200601060.598.93$89
Dec 20050754.9413.42$94
Nov 20050954.6910.59$95
Oct 200501758.3413.80$235
Sep 200502661.4512.08$314
Aug 200501061.519.80$98
Jul 200503955.697.84$306
Jun 200501152.337.38$81
May 20050345.226.65$20
Apr 20050449.207.36$29
Mar 200501350.377.15$93
Feb 200544845.226.31$484
Jan 200501343.166.32$82
Dec 200401639.866.75$108
Nov 200404145.286.33$260
Oct 200401749.706.52$111
Sep 200402343.245.28$122
Aug 200402942.375.55$161
Jul 200406638.286.08$402
Jun 200408736.106.43$560
May 2004017037.486.49$1,104
Apr 2004015634.475.86$914
Mar 2004021934.365.53$1,211
Feb 200409232.455.51$507
Jan 2004028632.036.30$1,802
Dec 2003013530.266.30$851
Nov 200307228.804.60$331
Oct 200303028.174.76$143
Sep 200301926.314.75$90
Aug 200302729.765.13$139
Jul 200304229.415.17$217
Jun 200301728.565.98$102
May 20030726.595.97$42
Apr 20030026.675.41$0
Mar 200337631.146.10$557
Feb 20031034433.487.93$3,061
Jan 20031237830.315.58$2,474
Dec 20021338826.914.85$2,233
Nov 2002034124.664.14$1,411
Oct 2002038426.464.23$1,624
Sep 2002039227.443.64$1,425
Aug 2002041225.963.16$1,304
Jul 2002342224.583.06$1,366
Jun 2002041923.733.34$1,399
May 2002243924.663.58$1,623
Apr 2002046223.653.51$1,623
Mar 2002055522.003.10$1,722
Feb 2002060118.222.38$1,428
Jan 2002060717.172.38$1,442
Dec 2001069016.932.36$1,631
Nov 2001767318.072.41$1,745
Oct 2001129919.782.53$776
Sep 2001126624.262.25$623
Aug 2001034424.873.05$1,050
Jul 2001032223.933.20$1,029
Jun 2001029524.563.82$1,128
May 2001030925.524.31$1,331
Apr 2001129524.685.34$1,599
Mar 2001135524.545.38$1,933
Feb 2001033427.755.77$1,926
Jan 2001033927.478.40$2,847
Dec 2000028926.889.12$2,636
Nov 2000031832.215.66$1,799
Oct 2000020531.235.15$1,055
Sep 2000025031.875.19$1,297
Aug 2000129529.644.54$1,369
Jul 2000027328.534.09$1,117
Jun 2000028729.304.40$1,262
May 2000024627.263.68$905
Apr 2000226224.513.12$865
Mar 2000026528.422.86$758
Feb 2000023327.622.73$635
Jan 2000025125.272.48$623
Dec 1999232924.282.42$846
Nov 1999032023.192.43$779
Oct 1999129720.982.80$854
Sep 1999035921.752.62$940
Aug 1999131419.262.88$922
Jul 1999019117.892.37$453
Jun 1999015015.942.36$354
May 1999016115.792.32$374
Apr 1999114315.102.21$331
Mar 1999018312.471.84$336
Feb 199901189.981.82$215
Jan 1999119710.381.90$385
Dec 199811749.201.77$318
Nov 1998015610.892.19$341
Oct 1998016112.421.97$317
Sep 1998118912.592.08$406
Aug 1998016211.301.91$309
Jul 1998218211.742.24$431
Jun 1998115811.242.24$365
May 1998019112.622.21$421
Apr 1998123413.042.51$599
Mar 1998121012.802.31$498
Feb 1998718813.952.30$530
Jan 1998117514.702.15$392
Dec 1997020316.322.41$489
Nov 1997118318.193.09$583
Oct 1997118319.253.15$596
Sep 1997019117.742.95$564
Aug 1997017117.862.55$437
Jul 1997019917.582.25$447
Jun 1997016317.242.26$368
May 1997119118.972.31$460
Apr 1997119117.882.08$416
Mar 1997017718.951.94$343
Feb 1997014220.492.21$313
Jan 1997114123.483.54$523
Dec 1996013323.32$0
Nov 1996112521.97$22
Oct 1996118823.31$23
Sep 1996122222.22$22
Aug 1996127220.26$20
Jul 1996127219.55$20
Jun 1996126618.73$19
May 1996128219.43$19
Apr 1996124621.51$22
Mar 1996124719.38$19
Feb 1996127116.98$17
Jan 1996237417.07$34
Dec 1995134117.19$17
Nov 1995230016.00$32
Oct 1995127815.43$15
Sep 1995031216.18$0
Aug 1995136815.92$16
Jul 1995231215.24$30
Jun 1995237216.41$33
May 1995139617.56$18
Apr 1995140217.73$18
Mar 1995236616.44$33
Feb 1995235416.58$33
Jan 1995033615.92$0
Dec 1994634815.03$90
Nov 1994038415.90$0
Oct 1994039415.58$0
Sep 1994445415.29$61
Aug 1994038416.13$0
Jul 1994335617.56$53
Jun 1994335917.09$51
May 1994031515.88$0
Apr 1994437414.14$57
Mar 1994034612.46$0
Feb 1994332612.50$38
Jan 1994339612.66$38
Dec 1993038212.33$0
Nov 1993038214.49$0
Oct 1993336015.85$48
Sep 1993237615.03$30
Aug 1993040215.66$0
Jul 1993245715.46$31
Jun 1993044416.79$0
May 1993240217.68$35
Apr 1993334918.05$54
Mar 1993340718.14$54
Feb 1993036817.90$0
Jan 1993443916.93$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.

Jun 2006 — as filed, then multipliedworked
Condensate             0 bbl  × $ 66.28 =         $0
Gas                   83 Mcf  × $  6.38 =       $530

────────────────────────────────────────────────────
Month total                                     $530

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/82275 is the state's own key, not one this site invented.