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 88659District 01Field 16340900CondensateGasSave Export

Value, all time

$250 k

Jan 1993 – Mar 2006

Value, last 12 filed months

$424

at the published price for each month

Months reported

159

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	1,197 bbl	$24,080
Gas	Production	166,405 Mcf	$226,220
Total			$250,300

99,313 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 (159)

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

159 months


Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	7	0	60.59	8.93	$424
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	9	39.86	6.75	$61
Nov 2004	2	67	45.28	6.33	$515
Oct 2004	1	100	49.70	6.52	$701
Sep 2004	2	36	43.24	5.28	$277
Aug 2004	2	125	42.37	5.55	$779
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	1	89	32.45	5.51	$523
Jan 2004	4	150	32.03	6.30	$1,073
Dec 2003	3	159	30.26	6.30	$1,093
Nov 2003	2	155	28.80	4.60	$770
Oct 2003	4	167	28.17	4.76	$908
Sep 2003	0	180	26.31	4.75	$855
Aug 2003	0	179	29.76	5.13	$918
Jul 2003	7	202	29.41	5.17	$1,250
Jun 2003	4	169	28.56	5.98	$1,125
May 2003	2	204	26.59	5.97	$1,272
Apr 2003	15	200	26.67	5.41	$1,482
Mar 2003	0	205	31.14	6.10	$1,250
Feb 2003	7	218	33.48	7.93	$1,962
Jan 2003	9	212	30.31	5.58	$1,456
Dec 2002	24	233	26.91	4.85	$1,777
Nov 2002	0	228	24.66	4.14	$943
Oct 2002	7	276	26.46	4.23	$1,352
Sep 2002	6	358	27.44	3.64	$1,466
Aug 2002	3	314	25.96	3.16	$1,071
Jul 2002	6	359	24.58	3.06	$1,247
Jun 2002	0	371	23.73	3.34	$1,238
May 2002	0	321	24.66	3.58	$1,150
Apr 2002	0	371	23.65	3.51	$1,303
Mar 2002	2	494	22.00	3.10	$1,577
Feb 2002	4	442	18.22	2.38	$1,123
Jan 2002	4	657	17.17	2.38	$1,630
Dec 2001	0	436	16.93	2.36	$1,031
Nov 2001	15	968	18.07	2.41	$2,600
Oct 2001	0	540	19.78	2.53	$1,366
Sep 2001	6	564	24.26	2.25	$1,415
Aug 2001	7	516	24.87	3.05	$1,750
Jul 2001	10	845	23.93	3.20	$2,941
Jun 2001	14	718	24.56	3.82	$3,090
May 2001	53	839	25.52	4.31	$4,966
Apr 2001	61	1,531	24.68	5.34	$9,674
Mar 2001	87	1,869	24.54	5.38	$12,184
Feb 2001	50	1,442	27.75	5.77	$9,704
Jan 2001	19	1,564	27.47	8.40	$13,658
Dec 2000	0	1,366	26.88	9.12	$12,461
Nov 2000	0	1,454	32.21	5.66	$8,227
Oct 2000	0	775	31.23	5.15	$3,988
Sep 2000	0	639	31.87	5.19	$3,314
Aug 2000	0	850	29.64	4.54	$3,860
Jul 2000	0	923	28.53	4.09	$3,775
Jun 2000	0	904	29.30	4.40	$3,975
May 2000	0	725	27.26	3.68	$2,668
Apr 2000	0	917	24.51	3.12	$2,857
Mar 2000	0	1,022	28.42	2.86	$2,923
Feb 2000	17	820	27.62	2.73	$2,705
Jan 2000	0	833	25.27	2.48	$2,066
Dec 1999	0	843	24.28	2.42	$2,043
Nov 1999	0	797	23.19	2.43	$1,940
Oct 1999	0	991	20.98	2.80	$2,778
Sep 1999	0	917	21.75	2.62	$2,401
Aug 1999	0	929	19.26	2.88	$2,671
Jul 1999	17	1,007	17.89	2.37	$2,693
Jun 1999	0	1,023	15.94	2.36	$2,416
May 1999	0	1,165	15.79	2.32	$2,704
Apr 1999	17	927	15.10	2.21	$2,304
Mar 1999	0	1,005	12.47	1.84	$1,848
Feb 1999	0	932	9.98	1.82	$1,694
Jan 1999	17	999	10.38	1.90	$2,075
Dec 1998	17	1,065	9.20	1.77	$2,045
Nov 1998	0	1,051	10.89	2.19	$2,297
Oct 1998	16	1,072	12.42	1.97	$2,310
Sep 1998	0	810	12.59	2.08	$1,687
Aug 1998	15	950	11.30	1.91	$1,981
Jul 1998	0	1,060	11.74	2.24	$2,372
Jun 1998	0	991	11.24	2.24	$2,217
May 1998	0	1,130	12.62	2.21	$2,493
Apr 1998	13	987	13.04	2.51	$2,642
Mar 1998	11	1,033	12.80	2.31	$2,526
Feb 1998	0	813	13.95	2.30	$1,869
Jan 1998	6	1,078	14.70	2.15	$2,411
Dec 1997	4	1,059	16.32	2.41	$2,619
Nov 1997	6	1,047	18.19	3.09	$3,343
Oct 1997	0	1,230	19.25	3.15	$3,874
Sep 1997	5	1,085	17.74	2.95	$3,295
Aug 1997	6	1,271	17.86	2.55	$3,354
Jul 1997	7	1,140	17.58	2.25	$2,685
Jun 1997	0	1,305	17.24	2.26	$2,946
May 1997	7	1,021	18.97	2.31	$2,490
Apr 1997	0	659	17.88	2.08	$1,373
Mar 1997	5	1,270	18.95	1.94	$2,557
Feb 1997	7	923	20.49	2.21	$2,179
Jan 1997	6	1,197	23.48	3.54	$4,378
Dec 1996	0	1,229	23.32	—	$0
Nov 1996	6	1,235	21.97	—	$132
Oct 1996	5	1,238	23.31	—	$117
Sep 1996	5	1,379	22.22	—	$111
Aug 1996	0	1,140	20.26	—	$0
Jul 1996	12	1,126	19.55	—	$235
Jun 1996	12	1,314	18.73	—	$225
May 1996	0	1,349	19.43	—	$0
Apr 1996	15	1,100	21.51	—	$323
Mar 1996	16	1,256	19.38	—	$310
Feb 1996	0	1,304	16.98	—	$0
Jan 1996	36	1,261	17.07	—	$615
Dec 1995	0	1,364	17.19	—	$0
Nov 1995	34	1,433	16.00	—	$544
Oct 1995	30	1,429	15.43	—	$463
Sep 1995	0	1,119	16.18	—	$0
Aug 1995	34	1,380	15.92	—	$541
Jul 1995	6	1,453	15.24	—	$91
Jun 1995	5	1,186	16.41	—	$82
May 1995	3	1,307	17.56	—	$53
Apr 1995	5	1,287	17.73	—	$89
Mar 1995	0	1,350	16.44	—	$0
Feb 1995	7	1,860	16.58	—	$116
Jan 1995	6	2,487	15.92	—	$96
Dec 1994	5	2,433	15.03	—	$75
Nov 1994	6	2,572	15.90	—	$95
Oct 1994	14	2,298	15.58	—	$218
Sep 1994	0	2,416	15.29	—	$0
Aug 1994	9	2,682	16.13	—	$145
Jul 1994	0	2,563	17.56	—	$0
Jun 1994	9	2,750	17.09	—	$154
May 1994	8	2,858	15.88	—	$127
Apr 1994	16	2,426	14.14	—	$226
Mar 1994	6	2,691	12.46	—	$75
Feb 1994	7	2,235	12.50	—	$88
Jan 1994	20	3,003	12.66	—	$253
Dec 1993	13	2,821	12.33	—	$160
Nov 1993	25	2,932	14.49	—	$362
Oct 1993	14	2,780	15.85	—	$222
Sep 1993	24	2,983	15.03	—	$361
Aug 1993	10	2,734	15.66	—	$157
Jul 1993	16	2,910	15.46	—	$247
Jun 1993	17	2,909	16.79	—	$285
May 1993	23	3,127	17.68	—	$407
Apr 1993	13	3,245	18.05	—	$235
Mar 1993	23	3,355	18.14	—	$417
Feb 1993	16	2,826	17.90	—	$286
Jan 1993	17	3,178	16.93	—	$288

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 2006 — as filed, then multipliedworked

Condensate             7 bbl  × $ 60.59 =       $424
Gas                    0 Mcf  × $  8.93 =         $0

────────────────────────────────────────────────────
Month total                                     $424

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/88659 is the state's own key, not one this site invented.