PETTY, O. S.

Operated by WHITE OAK OPERATING COMPANY LLC (P-5 916954) 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 85935District 01Field 16340900CondensateGasSaveExport
Value, all time
$1.2 M
Jan 1993 – Jun 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
294
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
CondensateDisposition6,518 bbl$190,430
GasProduction311,496 Mcf$989,374
Total$1,179,804

72,760 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 (294)

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

294 months

Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 2016819826.472.06$620
Jan 20161568727.352.36$2,035
Dec 2015663232.362.00$1,459
Nov 2015933738.792.17$1,080
Oct 2015032043.552.43$777
Sep 2015552742.992.76$1,669
Aug 2015447540.162.87$1,525
Jul 2015439748.152.95$1,362
Jun 2015936456.152.88$1,555
May 2015733455.212.96$1,374
Apr 2015869449.822.71$2,277
Mar 2015875342.892.93$2,553
Feb 20151679644.662.98$3,084
Jan 2015032143.433.10$995
Dec 201401954.693.59$68
Nov 2014015370.464.25$651
Oct 2014978478.303.90$3,763
Sep 2014878486.164.05$3,861
Aug 20141580689.394.04$4,593
Jul 2014882696.564.18$4,225
Jun 2014765198.164.74$3,771
May 2014781794.734.73$4,525
Apr 20141476495.944.81$5,017
Mar 20141477195.895.06$5,241
Feb 20142071797.406.19$6,388
Jan 2014772790.404.86$4,167
Dec 2013783491.824.35$4,274
Nov 2013877288.853.74$3,597
Oct 2013076997.423.78$2,906
Sep 20136798104.113.72$3,591
Aug 20130688104.253.52$2,424
Jul 20136792102.523.72$3,560
Jun 2013072594.403.93$2,852
May 20131277694.834.15$4,358
Apr 2013077893.964.28$3,332
Mar 2013672093.623.91$3,379
Feb 2013766591.233.42$2,913
Jan 20131595991.603.42$4,654
Dec 2012783886.773.42$3,473
Nov 2012779686.953.62$3,494
Oct 2012772689.383.40$3,094
Sep 2012236994.672.92$1,266
Aug 2012645592.662.91$1,879
Jul 2012343985.133.02$1,582
Jun 2012640079.822.52$1,487
May 2012643391.612.49$1,627
Apr 20120519101.652.00$1,036
Mar 201214558105.052.22$2,711
Feb 201214534101.102.57$2,788
Jan 2012661598.092.73$2,270
Dec 2011066196.873.24$2,141
Nov 20111365595.723.31$3,413
Oct 20111574184.983.65$3,978
Sep 2011958883.623.99$3,096
Aug 201171,04583.404.15$4,920
Jul 20111173494.144.52$4,351
Jun 20111161792.904.64$3,885
May 2011080298.134.40$3,533
Apr 20110544105.964.33$2,357
Mar 2011051596.364.06$2,090
Feb 2011051485.644.18$2,149
Jan 2011062586.504.59$2,868
Dec 2010077185.734.35$3,352
Nov 2010065980.843.80$2,501
Oct 2010070378.103.51$2,467
Sep 2010054872.633.98$2,181
Aug 2010063873.684.42$2,820
Jul 2010082972.554.74$3,927
Jun 2010032370.364.91$1,586
May 2010022871.124.24$966
Apr 2010068381.694.12$2,816
Mar 2010087578.394.39$3,840
Feb 2010069273.585.44$3,766
Jan 2010072574.365.96$4,324
Dec 2009072171.445.48$3,954
Nov 2009072974.593.75$2,735
Oct 2009065472.544.11$2,688
Sep 2009065765.543.06$2,014
Aug 2009071867.423.22$2,311
Jul 2009077061.133.46$2,668
Jun 2009053666.163.90$2,088
May 2009081054.743.93$3,180
Apr 2009068046.773.59$2,440
Mar 2009549242.144.06$2,208
Feb 2009343732.814.63$2,123
Jan 2009845935.865.37$2,752
Dec 2008242637.105.98$2,620
Nov 20081347055.496.86$3,946
Oct 20082141575.246.92$4,453
Sep 200816433101.767.88$5,039
Aug 200812483114.228.48$5,468
Jul 200819571131.0811.39$8,994
Jun 200821454131.3313.03$8,675
May 200841570123.1711.57$11,647
Apr 200833540110.3110.45$9,286
Mar 200825451101.909.66$6,906
Feb 20082644692.538.77$6,317
Jan 20084351790.388.21$8,129
Dec 20072951088.337.30$6,286
Nov 20074344291.677.29$7,165
Oct 20073984582.856.92$9,080
Sep 20073474375.846.24$7,218
Aug 2007858569.066.39$4,289
Jul 20072657470.906.39$5,510
Jun 20072468562.007.55$6,659
May 20072267058.747.85$6,549
Apr 20073475459.617.81$7,912
Mar 20073482556.927.30$7,959
Feb 20072677355.108.22$7,784
Jan 20072681050.306.73$6,757
Dec 20062194456.656.92$7,721
Nov 20063786654.207.62$8,602
Oct 20064980754.906.01$7,543
Sep 20064185760.085.04$6,780
Aug 20062364468.717.34$6,307
Jul 20061966269.376.34$5,517
Jun 2006063366.286.38$4,041
May 2006073466.016.42$4,716
Apr 2006069364.397.36$5,101
Mar 2006076356.707.08$5,404
Feb 2006096757.597.75$7,495
Jan 200601,02160.598.93$9,121
Dec 2005094754.9413.42$12,704
Nov 2005074454.6910.59$7,878
Oct 2005080258.3413.80$11,064
Sep 2005071861.4512.08$8,673
Aug 2005270261.519.80$7,000
Jul 2005975655.697.84$6,431
Jun 20053088852.337.38$8,124
May 20053386145.226.65$7,219
Apr 20052374349.207.36$6,600
Mar 2005078650.377.15$5,624
Feb 2005074945.226.31$4,728
Jan 2005089843.166.32$5,677
Dec 2004089239.866.75$6,022
Nov 2004084545.286.33$5,349
Oct 2004086249.706.52$5,616
Sep 2004087643.245.28$4,629
Aug 2004092742.375.55$5,145
Jul 200401,11038.286.08$6,753
Jun 200401,20036.106.43$7,720
May 2004098437.486.49$6,391
Apr 200401,66834.475.86$9,772
Mar 200401,11734.365.53$6,177
Feb 2004078232.455.51$4,309
Jan 2004091232.036.30$5,745
Dec 2003087630.266.30$5,520
Nov 2003083228.804.60$3,823
Oct 2003076328.174.76$3,632
Sep 2003072626.314.75$3,448
Aug 2003077029.765.13$3,950
Jul 2003077929.415.17$4,028
Jun 2003075528.565.98$4,517
May 2003083026.595.97$4,957
Apr 2003061026.675.41$3,298
Mar 2003081331.146.10$4,956
Feb 2003082233.487.93$6,515
Jan 2003085530.315.58$4,773
Dec 2002098426.914.85$4,776
Nov 2002093024.664.14$3,847
Oct 200201,07326.464.23$4,538
Sep 200201,01827.443.64$3,701
Aug 200201,12525.963.16$3,560
Jul 200201,29224.583.06$3,956
Jun 200202,06223.733.34$6,883
May 2002036724.663.58$1,315
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 2002065218.222.38$1,549
Jan 200201,00217.172.38$2,380
Dec 200101,07516.932.36$2,542
Nov 200101,08618.072.41$2,612
Oct 200101,14719.782.53$2,901
Sep 200101,13624.262.25$2,558
Aug 200101,23824.873.05$3,780
Jul 200101,14523.933.20$3,661
Jun 200101,19924.563.82$4,585
May 200101,25725.524.31$5,414
Apr 200101,35924.685.34$7,251
Mar 200101,38324.545.38$7,436
Feb 200101,19527.755.77$6,892
Jan 200101,45727.478.40$12,237
Dec 200001,46926.889.12$13,401
Nov 200001,41532.215.66$8,006
Oct 200001,43131.235.15$7,363
Sep 200001,27731.875.19$6,623
Aug 200012,02629.644.54$9,229
Jul 200042,82828.534.09$11,680
Jun 200082,30829.304.40$10,383
May 2000132,35127.263.68$9,005
Apr 2000132,61324.513.12$8,461
Mar 2000202,70528.422.86$8,304
Feb 2000233,04027.622.73$8,924
Jan 2000332,98625.272.48$8,241
Dec 1999762,46624.282.42$7,822
Nov 1999762,28623.192.43$7,327
Oct 1999652,47320.982.80$8,297
Sep 1999672,43121.752.62$7,824
Aug 1999722,38119.262.88$8,234
Jul 1999702,14217.892.37$6,334
Jun 1999532,10915.942.36$5,826
May 1999622,16515.792.32$6,004
Apr 1999672,28815.102.21$6,064
Mar 19991062,70912.471.84$6,302
Feb 1999651,9779.981.82$4,242
Jan 1999832,37510.381.90$5,374
Dec 1998702,1849.201.77$4,517
Nov 1998792,08310.892.19$5,413
Oct 1998892,35412.421.97$5,741
Sep 1998942,53912.592.08$6,471
Aug 1998762,53711.301.91$5,698
Jul 1998762,33811.742.24$6,123
Jun 1998272,29811.242.24$5,445
May 1998322,24612.622.21$5,359
Apr 1998271,99013.042.51$5,338
Mar 1998382,31412.802.31$5,830
Feb 1998372,17513.952.30$5,517
Jan 1998442,45014.702.15$5,926
Dec 1997522,64516.322.41$7,226
Nov 1997532,35918.193.09$8,249
Oct 1997482,36219.253.15$8,364
Sep 1997372,06117.742.95$6,746
Aug 1997482,14617.862.55$6,340
Jul 1997521,94917.582.25$5,293
Jun 1997431,66817.242.26$4,506
May 1997741,81518.972.31$5,594
Apr 1997621,54817.882.08$4,333
Mar 1997691,44718.951.94$4,113
Feb 1997591,46720.492.21$4,445
Jan 1997521,55523.483.54$6,725
Dec 1996971,60023.32$2,262
Nov 1996561,55921.97$1,230
Oct 1996791,45723.31$1,841
Sep 1996781,65422.22$1,733
Aug 1996761,19920.26$1,540
Jul 1996571,28519.55$1,114
Jun 1996591,13018.73$1,105
May 1996791,11119.43$1,535
Apr 1996831,07821.51$1,785
Mar 1996861,18919.38$1,667
Feb 1996901,19616.98$1,528
Jan 1996631,41717.07$1,075
Dec 1995891,48017.19$1,530
Nov 1995551,42916.00$880
Oct 1995411,55515.43$633
Sep 1995441,11416.18$712
Aug 1995271,10715.92$430
Jul 1995471,09215.24$716
Jun 1995451,56316.41$738
May 1995451,60417.56$790
Apr 1995551,53517.73$975
Mar 1995651,59216.44$1,069
Feb 1995551,41116.58$912
Jan 1995561,61415.92$892
Dec 1994781,56315.03$1,172
Nov 1994691,55715.90$1,097
Oct 1994581,63215.58$904
Sep 1994551,56515.29$841
Aug 1994541,64016.13$871
Jul 1994511,61717.56$896
Jun 1994451,62017.09$769
May 1994531,63515.88$842
Apr 1994521,48614.14$735
Mar 1994651,63212.46$810
Feb 1994591,42412.50$738
Jan 1994531,67112.66$671
Dec 1993641,70412.33$789
Nov 1993691,61014.49$1,000
Oct 1993541,72015.85$856
Sep 1993481,64315.03$721
Aug 1993481,77315.66$752
Jul 1993501,76615.46$773
Jun 1993481,77016.79$806
May 1993561,73817.68$990
Apr 1993571,76518.05$1,029
Mar 1993551,69618.14$998
Feb 1993471,69617.90$841
Jan 1993491,86616.93$830

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 2016 — as filed, then multipliedworked
Condensate             8 bbl  × $ 26.47 =       $212
Gas                  198 Mcf  × $  2.06 =       $409

────────────────────────────────────────────────────
Month total                                     $620

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/85935 is the state's own key, not one this site invented.