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 88658District 01Field 16340900CondensateGasSave Export

Value, all time

$618 k

Jan 1993 – May 2013

Value, last 12 filed months

$12

at the published price for each month

Months reported

245

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	3,102 bbl	$88,911
Gas	Production	221,872 Mcf	$528,684
Total			$617,595

92,558 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 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	3	93.62	3.91	$12
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
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	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	12	91.61	2.49	$30
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	4	105.05	2.22	$9
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
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	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	43	72.63	3.98	$171
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	104	73.58	5.44	$566
Jan 2010	0	184	74.36	5.96	$1,097
Dec 2009	0	168	71.44	5.48	$921
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	11	0	55.49	6.86	$610
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	3	101.90	9.66	$29
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	8	62.00	7.55	$60
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	70	59.61	7.81	$546
Mar 2007	0	8	56.92	7.30	$58
Feb 2007	0	120	55.10	8.22	$986
Jan 2007	0	6	50.30	6.73	$40
Dec 2006	40	87	56.65	6.92	$2,868
Nov 2006	0	77	54.20	7.62	$587
Oct 2006	25	75	54.90	6.01	$1,824
Sep 2006	0	383	60.08	5.04	$1,929
Aug 2006	0	386	68.71	7.34	$2,833
Jul 2006	0	403	69.37	6.34	$2,556
Jun 2006	0	353	66.28	6.38	$2,254
May 2006	25	337	66.01	6.42	$3,815
Apr 2006	0	377	64.39	7.36	$2,775
Mar 2006	29	373	56.70	7.08	$4,286
Feb 2006	0	454	57.59	7.75	$3,519
Jan 2006	32	608	60.59	8.93	$7,370
Dec 2005	0	674	54.94	13.42	$9,042
Nov 2005	59	681	54.69	10.59	$10,437
Oct 2005	50	704	58.34	13.80	$12,629
Sep 2005	0	690	61.45	12.08	$8,335
Aug 2005	37	696	61.51	9.80	$9,094
Jul 2005	0	704	55.69	7.84	$5,522
Jun 2005	35	628	52.33	7.38	$6,467
May 2005	34	653	45.22	6.65	$5,881
Apr 2005	0	651	49.20	7.36	$4,792
Mar 2005	35	665	50.37	7.15	$6,521
Feb 2005	0	598	45.22	6.31	$3,775
Jan 2005	54	683	43.16	6.32	$6,649
Dec 2004	36	670	39.86	6.75	$5,958
Nov 2004	36	758	45.28	6.33	$6,429
Oct 2004	18	851	49.70	6.52	$6,439
Sep 2004	63	820	43.24	5.28	$7,057
Aug 2004	26	850	42.37	5.55	$5,820
Jul 2004	28	871	38.28	6.08	$6,371
Jun 2004	0	885	36.10	6.43	$5,693
May 2004	30	917	37.48	6.49	$7,080
Apr 2004	56	937	34.47	5.86	$7,420
Mar 2004	29	973	34.36	5.53	$6,377
Feb 2004	29	938	32.45	5.51	$6,109
Jan 2004	44	996	32.03	6.30	$7,684
Dec 2003	34	937	30.26	6.30	$6,933
Nov 2003	31	890	28.80	4.60	$4,982
Oct 2003	49	966	28.17	4.76	$5,978
Sep 2003	29	998	26.31	4.75	$5,503
Aug 2003	20	1,040	29.76	5.13	$5,930
Jul 2003	29	1,115	29.41	5.17	$6,618
Jun 2003	30	871	28.56	5.98	$6,068
May 2003	21	1,135	26.59	5.97	$7,337
Apr 2003	49	960	26.67	5.41	$6,498
Mar 2003	0	854	31.14	6.10	$5,206
Feb 2003	26	832	33.48	7.93	$7,465
Jan 2003	30	930	30.31	5.58	$6,101
Dec 2002	38	934	26.91	4.85	$5,556
Nov 2002	0	918	24.66	4.14	$3,798
Oct 2002	12	915	26.46	4.23	$4,187
Sep 2002	27	923	27.44	3.64	$4,096
Aug 2002	59	1,025	25.96	3.16	$4,775
Jul 2002	28	964	24.58	3.06	$3,640
Jun 2002	9	960	23.73	3.34	$3,418
May 2002	0	1,046	24.66	3.58	$3,749
Apr 2002	48	1,015	23.65	3.51	$4,700
Mar 2002	325	1,225	22.00	3.10	$10,951
Feb 2002	54	1,284	18.22	2.38	$4,034
Jan 2002	70	1,254	17.17	2.38	$4,181
Dec 2001	0	1,180	16.93	2.36	$2,790
Nov 2001	7	1,207	18.07	2.41	$3,030
Oct 2001	1	870	19.78	2.53	$2,220
Sep 2001	15	903	24.26	2.25	$2,397
Aug 2001	19	1,018	24.87	3.05	$3,581
Jul 2001	21	1,144	23.93	3.20	$4,160
Jun 2001	28	1,038	24.56	3.82	$4,657
May 2001	72	1,593	25.52	4.31	$8,699
Apr 2001	61	1,706	24.68	5.34	$10,608
Mar 2001	88	1,506	24.54	5.38	$10,256
Feb 2001	61	1,790	27.75	5.77	$12,016
Jan 2001	24	1,306	27.47	8.40	$11,628
Dec 2000	0	1,296	26.88	9.12	$11,823
Nov 2000	0	1,033	32.21	5.66	$5,845
Oct 2000	0	1,136	31.23	5.15	$5,845
Sep 2000	0	1,068	31.87	5.19	$5,539
Aug 2000	0	1,176	29.64	4.54	$5,340
Jul 2000	0	1,194	28.53	4.09	$4,883
Jun 2000	0	1,178	29.30	4.40	$5,180
May 2000	0	1,144	27.26	3.68	$4,210
Apr 2000	0	1,091	24.51	3.12	$3,400
Mar 2000	0	1,314	28.42	2.86	$3,758
Feb 2000	24	1,299	27.62	2.73	$4,205
Jan 2000	0	1,491	25.27	2.48	$3,698
Dec 1999	0	1,250	24.28	2.42	$3,030
Nov 1999	0	1,234	23.19	2.43	$3,004
Oct 1999	0	1,300	20.98	2.80	$3,645
Sep 1999	0	1,307	21.75	2.62	$3,423
Aug 1999	0	1,406	19.26	2.88	$4,043
Jul 1999	20	1,501	17.89	2.37	$3,919
Jun 1999	0	1,442	15.94	2.36	$3,406
May 1999	0	1,545	15.79	2.32	$3,586
Apr 1999	21	946	15.10	2.21	$2,406
Mar 1999	0	1,341	12.47	1.84	$2,465
Feb 1999	0	1,060	9.98	1.82	$1,927
Jan 1999	22	1,259	10.38	1.90	$2,620
Dec 1998	23	1,330	9.20	1.77	$2,570
Nov 1998	0	1,275	10.89	2.19	$2,787
Oct 1998	23	1,320	12.42	1.97	$2,885
Sep 1998	0	1,266	12.59	2.08	$2,637
Aug 1998	22	1,230	11.30	1.91	$2,595
Jul 1998	0	1,390	11.74	2.24	$3,110
Jun 1998	0	1,497	11.24	2.24	$3,349
May 1998	0	1,469	12.62	2.21	$3,241
Apr 1998	17	1,502	13.04	2.51	$3,985
Mar 1998	18	1,483	12.80	2.31	$3,655
Feb 1998	0	1,199	13.95	2.30	$2,757
Jan 1998	9	1,488	14.70	2.15	$3,339
Dec 1997	9	1,512	16.32	2.41	$3,792
Nov 1997	8	1,597	18.19	3.09	$5,077
Oct 1997	0	1,753	19.25	3.15	$5,522
Sep 1997	10	1,777	17.74	2.95	$5,428
Aug 1997	9	1,912	17.86	2.55	$5,045
Jul 1997	13	1,856	17.58	2.25	$4,399
Jun 1997	0	1,920	17.24	2.26	$4,334
May 1997	12	1,783	18.97	2.31	$4,344
Apr 1997	0	1,612	17.88	2.08	$3,357
Mar 1997	10	1,954	18.95	1.94	$3,979
Feb 1997	10	1,365	20.49	2.21	$3,216
Jan 1997	8	1,422	23.48	3.54	$5,221
Dec 1996	0	1,483	23.32	—	$0
Nov 1996	8	1,611	21.97	—	$176
Oct 1996	8	1,729	23.31	—	$186
Sep 1996	7	1,633	22.22	—	$156
Aug 1996	0	1,716	20.26	—	$0
Jul 1996	8	1,616	19.55	—	$156
Jun 1996	8	1,761	18.73	—	$150
May 1996	0	1,786	19.43	—	$0
Apr 1996	7	1,518	21.51	—	$151
Mar 1996	8	1,450	19.38	—	$155
Feb 1996	0	1,553	16.98	—	$0
Jan 1996	20	1,744	17.07	—	$341
Dec 1995	0	1,831	17.19	—	$0
Nov 1995	17	1,781	16.00	—	$272
Oct 1995	15	1,892	15.43	—	$231
Sep 1995	0	1,538	16.18	—	$0
Aug 1995	16	1,702	15.92	—	$255
Jul 1995	11	1,880	15.24	—	$168
Jun 1995	7	1,570	16.41	—	$115
May 1995	9	1,696	17.56	—	$158
Apr 1995	10	1,657	17.73	—	$177
Mar 1995	0	1,830	16.44	—	$0
Feb 1995	8	1,535	16.58	—	$133
Jan 1995	11	1,825	15.92	—	$175
Dec 1994	13	1,742	15.03	—	$195
Nov 1994	12	1,826	15.90	—	$191
Oct 1994	25	1,754	15.58	—	$390
Sep 1994	0	1,881	15.29	—	$0
Aug 1994	14	2,356	16.13	—	$226
Jul 1994	0	2,371	17.56	—	$0
Jun 1994	14	1,981	17.09	—	$239
May 1994	15	2,052	15.88	—	$238
Apr 1994	27	2,087	14.14	—	$382
Mar 1994	12	2,131	12.46	—	$150
Feb 1994	12	1,936	12.50	—	$150
Jan 1994	26	2,110	12.66	—	$329
Dec 1993	13	2,353	12.33	—	$160
Nov 1993	24	2,039	14.49	—	$348
Oct 1993	14	1,894	15.85	—	$222
Sep 1993	29	2,500	15.03	—	$436
Aug 1993	13	2,341	15.66	—	$204
Jul 1993	13	2,508	15.46	—	$201
Jun 1993	12	2,469	16.79	—	$201
May 1993	20	2,474	17.68	—	$354
Apr 1993	9	2,495	18.05	—	$162
Mar 1993	21	2,556	18.14	—	$381
Feb 1993	9	2,098	17.90	—	$161
Jan 1993	13	2,267	16.93	—	$220

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.

Mar 2013 — as filed, then multipliedworked

Condensate             0 bbl  × $ 93.62 =         $0
Gas                    3 Mcf  × $  3.91 =        $12

────────────────────────────────────────────────────
Month total                                      $12

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/88658 is the state's own key, not one this site invented.