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 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 86071District 01Field 16340900CondensateGasSave Export

Value, all time

$835 k

Jan 1993 – Jul 2017

Value, last 12 filed months

at the published price for each month

Months reported

295

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	934 bbl	$42,895
Gas	Production	256,799 Mcf	$791,942
Total			$834,837

85,895 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 (295)

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

295 months


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	6	145	26.47	2.06	$458
Jan 2016	10	464	27.35	2.36	$1,371
Dec 2015	5	430	32.36	2.00	$1,022
Nov 2015	10	321	38.79	2.17	$1,084
Oct 2015	0	404	43.55	2.43	$980
Sep 2015	6	555	42.99	2.76	$1,789
Aug 2015	4	517	40.16	2.87	$1,646
Jul 2015	4	410	48.15	2.95	$1,400
Jun 2015	9	414	56.15	2.88	$1,699
May 2015	5	381	55.21	2.96	$1,402
Apr 2015	6	538	49.82	2.71	$1,755
Mar 2015	6	551	42.89	2.93	$1,874
Feb 2015	12	583	44.66	2.98	$2,271
Jan 2015	0	332	43.43	3.10	$1,029
Dec 2014	0	15	54.69	3.59	$54
Nov 2014	0	105	70.46	4.25	$446
Oct 2014	6	575	78.30	3.90	$2,713
Sep 2014	6	537	86.16	4.05	$2,689
Aug 2014	11	582	89.39	4.04	$3,332
Jul 2014	6	580	96.56	4.18	$3,004
Jun 2014	5	494	98.16	4.74	$2,831
May 2014	4	537	94.73	4.73	$2,917
Apr 2014	8	459	95.94	4.81	$2,975
Mar 2014	8	439	95.89	5.06	$2,987
Feb 2014	13	438	97.40	6.19	$3,978
Jan 2014	5	467	90.40	4.86	$2,722
Dec 2013	6	563	91.82	4.35	$3,002
Nov 2013	7	691	88.85	3.74	$3,205
Oct 2013	0	671	97.42	3.78	$2,536
Sep 2013	6	753	104.11	3.72	$3,424
Aug 2013	0	731	104.25	3.52	$2,575
Jul 2013	5	615	102.52	3.72	$2,799
Jun 2013	0	524	94.40	3.93	$2,061
May 2013	11	565	94.83	4.15	$3,387
Apr 2013	0	769	93.96	4.28	$3,293
Mar 2013	5	543	93.62	3.91	$2,593
Feb 2013	6	576	91.23	3.42	$2,517
Jan 2013	11	817	91.60	3.42	$3,802
Dec 2012	6	617	86.77	3.42	$2,631
Nov 2012	7	641	86.95	3.62	$2,932
Oct 2012	7	489	89.38	3.40	$2,288
Sep 2012	1	427	94.67	2.92	$1,341
Aug 2012	6	465	92.66	2.91	$1,908
Jul 2012	3	465	85.13	3.02	$1,660
Jun 2012	5	393	79.82	2.52	$1,389
May 2012	5	433	91.61	2.49	$1,535
Apr 2012	0	505	101.65	2.00	$1,008
Mar 2012	11	510	105.05	2.22	$2,289
Feb 2012	9	465	101.10	2.57	$2,105
Jan 2012	5	411	98.09	2.73	$1,614
Dec 2011	0	458	96.87	3.24	$1,484
Nov 2011	9	481	95.72	3.31	$2,454
Oct 2011	10	470	84.98	3.65	$2,565
Sep 2011	4	591	83.62	3.99	$2,690
Aug 2011	5	438	83.40	4.15	$2,234
Jul 2011	8	509	94.14	4.52	$3,052
Jun 2011	11	533	92.90	4.64	$3,495
May 2011	3	546	98.13	4.40	$2,699
Apr 2011	0	469	105.96	4.33	$2,032
Mar 2011	0	409	96.36	4.06	$1,659
Feb 2011	0	367	85.64	4.18	$1,534
Jan 2011	0	366	86.50	4.59	$1,679
Dec 2010	0	450	85.73	4.35	$1,956
Nov 2010	0	526	80.84	3.80	$1,996
Oct 2010	0	498	78.10	3.51	$1,747
Sep 2010	0	474	72.63	3.98	$1,886
Aug 2010	0	523	73.68	4.42	$2,311
Jul 2010	0	599	72.55	4.74	$2,837
Jun 2010	3	947	70.36	4.91	$4,861
May 2010	1	1,571	71.12	4.24	$6,725
Apr 2010	0	1,006	81.69	4.12	$4,147
Mar 2010	0	706	78.39	4.39	$3,098
Feb 2010	0	598	73.58	5.44	$3,255
Jan 2010	0	684	74.36	5.96	$4,079
Dec 2009	0	593	71.44	5.48	$3,252
Nov 2009	0	587	74.59	3.75	$2,202
Oct 2009	0	551	72.54	4.11	$2,265
Sep 2009	0	456	65.54	3.06	$1,398
Aug 2009	0	525	67.42	3.22	$1,690
Jul 2009	0	559	61.13	3.46	$1,937
Jun 2009	0	597	66.16	3.90	$2,325
May 2009	0	596	54.74	3.93	$2,340
Apr 2009	0	548	46.77	3.59	$1,966
Mar 2009	1	603	42.14	4.06	$2,490
Feb 2009	1	589	32.81	4.63	$2,762
Jan 2009	1	497	35.86	5.37	$2,705
Dec 2008	0	502	37.10	5.98	$3,001
Nov 2008	3	603	55.49	6.86	$4,303
Oct 2008	3	489	75.24	6.92	$3,611
Sep 2008	1	524	101.76	7.88	$4,229
Aug 2008	0	656	114.22	8.48	$5,565
Jul 2008	0	736	131.08	11.39	$8,383
Jun 2008	0	654	131.33	13.03	$8,523
May 2008	0	681	123.17	11.57	$7,882
Apr 2008	0	694	110.31	10.45	$7,256
Mar 2008	0	574	101.90	9.66	$5,547
Feb 2008	0	507	92.53	8.77	$4,447
Jan 2008	0	576	90.38	8.21	$4,727
Dec 2007	0	594	88.33	7.30	$4,337
Nov 2007	0	569	91.67	7.29	$4,149
Oct 2007	0	616	82.85	6.92	$4,264
Sep 2007	0	715	75.84	6.24	$4,465
Aug 2007	0	636	69.06	6.39	$4,063
Jul 2007	0	615	70.90	6.39	$3,929
Jun 2007	0	647	62.00	7.55	$4,884
May 2007	0	647	58.74	7.85	$5,077
Apr 2007	0	705	59.61	7.81	$5,503
Mar 2007	0	700	56.92	7.30	$5,111
Feb 2007	0	671	55.10	8.22	$5,513
Jan 2007	0	753	50.30	6.73	$5,065
Dec 2006	0	1,121	56.65	6.92	$7,756
Nov 2006	0	1,003	54.20	7.62	$7,640
Oct 2006	0	887	54.90	6.01	$5,334
Sep 2006	0	845	60.08	5.04	$4,256
Aug 2006	0	794	68.71	7.34	$5,828
Jul 2006	0	753	69.37	6.34	$4,776
Jun 2006	0	699	66.28	6.38	$4,462
May 2006	0	754	66.01	6.42	$4,844
Apr 2006	0	865	64.39	7.36	$6,367
Mar 2006	0	627	56.70	7.08	$4,441
Feb 2006	0	620	57.59	7.75	$4,806
Jan 2006	0	684	60.59	8.93	$6,110
Dec 2005	0	627	54.94	13.42	$8,411
Nov 2005	0	796	54.69	10.59	$8,428
Oct 2005	0	797	58.34	13.80	$10,995
Sep 2005	0	801	61.45	12.08	$9,675
Aug 2005	0	837	61.51	9.80	$8,200
Jul 2005	0	802	55.69	7.84	$6,291
Jun 2005	0	824	52.33	7.38	$6,082
May 2005	0	977	45.22	6.65	$6,498
Apr 2005	0	671	49.20	7.36	$4,939
Mar 2005	0	739	50.37	7.15	$5,287
Feb 2005	0	782	45.22	6.31	$4,936
Jan 2005	0	823	43.16	6.32	$5,203
Dec 2004	0	787	39.86	6.75	$5,313
Nov 2004	0	808	45.28	6.33	$5,115
Oct 2004	0	1,041	49.70	6.52	$6,782
Sep 2004	0	789	43.24	5.28	$4,169
Aug 2004	0	963	42.37	5.55	$5,345
Jul 2004	0	886	38.28	6.08	$5,391
Jun 2004	0	933	36.10	6.43	$6,002
May 2004	0	811	37.48	6.49	$5,267
Apr 2004	0	723	34.47	5.86	$4,236
Mar 2004	0	800	34.36	5.53	$4,424
Feb 2004	0	879	32.45	5.51	$4,843
Jan 2004	0	929	32.03	6.30	$5,852
Dec 2003	0	907	30.26	6.30	$5,716
Nov 2003	0	822	28.80	4.60	$3,777
Oct 2003	0	857	28.17	4.76	$4,079
Sep 2003	0	868	26.31	4.75	$4,122
Aug 2003	0	894	29.76	5.13	$4,586
Jul 2003	0	871	29.41	5.17	$4,504
Jun 2003	0	981	28.56	5.98	$5,869
May 2003	0	862	26.59	5.97	$5,148
Apr 2003	0	671	26.67	5.41	$3,628
Mar 2003	0	781	31.14	6.10	$4,761
Feb 2003	0	799	33.48	7.93	$6,333
Jan 2003	0	839	30.31	5.58	$4,683
Dec 2002	0	858	26.91	4.85	$4,165
Nov 2002	0	908	24.66	4.14	$3,756
Oct 2002	0	960	26.46	4.23	$4,060
Sep 2002	0	918	27.44	3.64	$3,337
Aug 2002	0	931	25.96	3.16	$2,946
Jul 2002	0	993	24.58	3.06	$3,040
Jun 2002	0	857	23.73	3.34	$2,861
May 2002	0	698	24.66	3.58	$2,502
Apr 2002	0	721	23.65	3.51	$2,532
Mar 2002	0	821	22.00	3.10	$2,547
Feb 2002	0	758	18.22	2.38	$1,801
Jan 2002	0	769	17.17	2.38	$1,827
Dec 2001	1	882	16.93	2.36	$2,102
Nov 2001	2	774	18.07	2.41	$1,898
Oct 2001	31	926	19.78	2.53	$2,955
Sep 2001	22	890	24.26	2.25	$2,537
Aug 2001	24	975	24.87	3.05	$3,574
Jul 2001	22	812	23.93	3.20	$3,122
Jun 2001	26	939	24.56	3.82	$4,229
May 2001	13	942	25.52	4.31	$4,389
Apr 2001	26	992	24.68	5.34	$5,934
Mar 2001	18	980	24.54	5.38	$5,711
Feb 2001	21	888	27.75	5.77	$5,704
Jan 2001	30	1,114	27.47	8.40	$10,180
Dec 2000	33	989	26.88	9.12	$9,909
Nov 2000	29	1,049	32.21	5.66	$6,869
Oct 2000	27	1,013	31.23	5.15	$6,056
Sep 2000	20	933	31.87	5.19	$5,476
Aug 2000	30	1,040	29.64	4.54	$5,612
Jul 2000	35	1,058	28.53	4.09	$5,326
Jun 2000	16	809	29.30	4.40	$4,026
May 2000	30	928	27.26	3.68	$4,233
Apr 2000	30	1,092	24.51	3.12	$4,138
Mar 2000	41	1,075	28.42	2.86	$4,239
Feb 2000	35	1,012	27.62	2.73	$3,726
Jan 2000	28	1,105	25.27	2.48	$3,449
Dec 1999	0	1,043	24.28	2.42	$2,528
Nov 1999	0	1,028	23.19	2.43	$2,502
Oct 1999	0	990	20.98	2.80	$2,776
Sep 1999	0	1,019	21.75	2.62	$2,669
Aug 1999	0	1,034	19.26	2.88	$2,973
Jul 1999	0	984	17.89	2.37	$2,334
Jun 1999	0	957	15.94	2.36	$2,261
May 1999	0	1,072	15.79	2.32	$2,488
Apr 1999	0	1,043	15.10	2.21	$2,303
Mar 1999	0	1,124	12.47	1.84	$2,066
Feb 1999	0	892	9.98	1.82	$1,621
Jan 1999	0	1,104	10.38	1.90	$2,098
Dec 1998	0	1,070	9.20	1.77	$1,897
Nov 1998	0	1,089	10.89	2.19	$2,380
Oct 1998	0	1,101	12.42	1.97	$2,168
Sep 1998	0	1,229	12.59	2.08	$2,560
Aug 1998	0	1,053	11.30	1.91	$2,008
Jul 1998	0	1,049	11.74	2.24	$2,347
Jun 1998	0	1,070	11.24	2.24	$2,394
May 1998	0	1,043	12.62	2.21	$2,301
Apr 1998	0	974	13.04	2.51	$2,440
Mar 1998	0	939	12.80	2.31	$2,169
Feb 1998	0	844	13.95	2.30	$1,940
Jan 1998	0	1,143	14.70	2.15	$2,463
Dec 1997	0	1,069	16.32	2.41	$2,577
Nov 1997	0	1,095	18.19	3.09	$3,382
Oct 1997	0	1,095	19.25	3.15	$3,449
Sep 1997	0	992	17.74	2.95	$2,931
Aug 1997	0	1,051	17.86	2.55	$2,685
Jul 1997	0	985	17.58	2.25	$2,213
Jun 1997	0	962	17.24	2.26	$2,171
May 1997	0	1,017	18.97	2.31	$2,348
Apr 1997	0	993	17.88	2.08	$2,068
Mar 1997	0	1,126	18.95	1.94	$2,183
Feb 1997	0	859	20.49	2.21	$1,895
Jan 1997	0	832	23.48	3.54	$2,945
Dec 1996	0	815	23.32	—	$0
Nov 1996	0	956	21.97	—	$0
Oct 1996	0	952	23.31	—	$0
Sep 1996	0	937	22.22	—	$0
Aug 1996	0	978	20.26	—	$0
Jul 1996	0	957	19.55	—	$0
Jun 1996	0	965	18.73	—	$0
May 1996	0	1,037	19.43	—	$0
Apr 1996	0	901	21.51	—	$0
Mar 1996	0	906	19.38	—	$0
Feb 1996	0	833	16.98	—	$0
Jan 1996	0	1,073	17.07	—	$0
Dec 1995	0	1,231	17.19	—	$0
Nov 1995	0	1,420	16.00	—	$0
Oct 1995	0	1,612	15.43	—	$0
Sep 1995	0	1,677	16.18	—	$0
Aug 1995	0	1,705	15.92	—	$0
Jul 1995	0	1,816	15.24	—	$0
Jun 1995	0	1,828	16.41	—	$0
May 1995	0	1,837	17.56	—	$0
Apr 1995	0	1,804	17.73	—	$0
Mar 1995	0	1,841	16.44	—	$0
Feb 1995	0	1,591	16.58	—	$0
Jan 1995	0	1,937	15.92	—	$0
Dec 1994	0	1,901	15.03	—	$0
Nov 1994	0	1,723	15.90	—	$0
Oct 1994	0	2,022	15.58	—	$0
Sep 1994	0	1,926	15.29	—	$0
Aug 1994	0	2,027	16.13	—	$0
Jul 1994	0	2,137	17.56	—	$0
Jun 1994	0	1,848	17.09	—	$0
May 1994	0	1,864	15.88	—	$0
Apr 1994	0	1,727	14.14	—	$0
Mar 1994	0	2,190	12.46	—	$0
Feb 1994	0	1,873	12.50	—	$0
Jan 1994	0	2,428	12.66	—	$0
Dec 1993	0	2,230	12.33	—	$0
Nov 1993	0	2,982	14.49	—	$0
Oct 1993	0	2,384	15.85	—	$0
Sep 1993	0	2,251	15.03	—	$0
Aug 1993	0	2,605	15.66	—	$0
Jul 1993	0	2,714	15.46	—	$0
Jun 1993	0	2,689	16.79	—	$0
May 1993	0	2,547	17.68	—	$0
Apr 1993	0	2,421	18.05	—	$0
Mar 1993	0	2,534	18.14	—	$0
Feb 1993	1	2,498	17.90	—	$18
Jan 1993	2	2,765	16.93	—	$34

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             6 bbl  × $ 26.47 =       $159
Gas                  145 Mcf  × $  2.06 =       $299

────────────────────────────────────────────────────
Month total                                     $458

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/86071 is the state's own key, not one this site invented.