GATES RANCH

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 92630District 01Field 16340900CondensateGasSaveExport
Value, all time
$239 k
Jan 1993 – Jan 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
229
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
CondensateDisposition941 bbl$27,415
GasProduction69,741 Mcf$212,055
Total$239,470

23,668 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 (229)

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

229 months

Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 201011078.394.39$862
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090335.865.37$16
Dec 20080137.105.98$6
Nov 20088055.496.86$444
Oct 20080075.246.92$0
Sep 2008017101.767.88$134
Aug 2008033114.228.48$280
Jul 2008059131.0811.39$672
Jun 20080113131.3313.03$1,473
May 20080140123.1711.57$1,620
Apr 20080101110.3110.45$1,056
Mar 20080115101.909.66$1,111
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 20070469.066.39$26
Jul 200708270.906.39$524
Jun 200702162.007.55$159
May 200708258.747.85$643
Apr 2007016359.617.81$1,272
Mar 200702956.927.30$212
Feb 200708255.108.22$674
Jan 200702450.306.73$161
Dec 2006112556.656.92$796
Nov 200601554.207.62$114
Oct 200614054.906.01$769
Sep 20060160.085.04$5
Aug 200603768.717.34$272
Jul 20060069.376.34$0
Jun 20060966.286.38$57
May 200647866.016.42$765
Apr 2006010464.397.36$765
Mar 2006715356.707.08$1,481
Feb 2006027257.597.75$2,108
Jan 20061342360.598.93$4,566
Dec 2005039054.9413.42$5,232
Nov 20052934154.6910.59$5,197
Oct 20051946658.3413.80$7,537
Sep 2005042361.4512.08$5,109
Aug 20051451061.519.80$5,858
Jul 2005057055.697.84$4,471
Jun 20051336352.337.38$3,360
May 20051139545.226.65$3,125
Apr 2005046249.207.36$3,401
Mar 20051138050.377.15$3,273
Feb 2005037145.226.31$2,342
Jan 20051730743.166.32$2,675
Dec 20041136639.866.75$2,909
Nov 20041244345.286.33$3,348
Oct 2004846449.706.52$3,421
Sep 20042141043.245.28$3,074
Aug 2004742142.375.55$2,633
Jul 2004831938.286.08$2,247
Jun 2004032236.106.43$2,071
May 2004836637.486.49$2,677
Apr 20041332634.475.86$2,358
Mar 2004950434.365.53$3,096
Feb 2004846032.455.51$2,794
Jan 20041142632.036.30$3,036
Dec 2003942530.266.30$2,951
Nov 2003838628.804.60$2,004
Oct 20031350728.174.76$2,779
Sep 2003952826.314.75$2,744
Aug 2003749729.765.13$2,758
Jul 2003953029.415.17$3,005
Jun 2003831628.565.98$2,119
May 2003641926.595.97$2,662
Apr 20031531226.675.41$2,087
Mar 2003036231.146.10$2,207
Feb 2003441033.487.93$3,384
Jan 2003239730.315.58$2,277
Dec 20021859326.914.85$3,363
Nov 2002041624.664.14$1,721
Oct 2002357526.464.23$2,511
Sep 20021057527.443.64$2,365
Aug 2002971825.963.16$2,506
Jul 20021257224.583.06$2,046
Jun 2002062823.733.34$2,096
May 2002067224.663.58$2,408
Apr 2002070023.653.51$2,459
Mar 2002293422.003.10$2,942
Feb 2002061818.222.38$1,468
Jan 2002047417.172.38$1,126
Dec 2001015316.932.36$362
Nov 20010018.072.41$0
Oct 2001041119.782.53$1,039
Sep 20010024.262.25$0
Aug 20011024.873.05$25
Jul 20011923.933.20$53
Jun 200135224.563.82$273
May 20011022625.524.31$1,229
Apr 20011023924.685.34$1,522
Mar 20011629124.545.38$1,957
Feb 20011230027.755.77$2,063
Jan 2001837127.478.40$3,336
Dec 2000032126.889.12$2,928
Nov 2000036132.215.66$2,043
Oct 2000032731.235.15$1,683
Sep 2000030931.875.19$1,603
Aug 2000036529.644.54$1,657
Jul 2000040928.534.09$1,673
Jun 2000038429.304.40$1,689
May 2000034827.263.68$1,281
Apr 2000033024.513.12$1,028
Mar 2000039928.422.86$1,141
Feb 2000836527.622.73$1,216
Jan 2000042125.272.48$1,044
Dec 1999039624.282.42$960
Nov 1999037123.192.43$903
Oct 1999046520.982.80$1,304
Sep 1999030921.752.62$809
Aug 1999041719.262.88$1,199
Jul 1999847917.892.37$1,279
Jun 1999049715.942.36$1,174
May 1999050215.792.32$1,165
Apr 1999741215.102.21$1,015
Mar 1999042812.471.84$787
Feb 199904159.981.82$754
Jan 1999847610.381.90$987
Dec 199874449.201.77$852
Nov 1998041510.892.19$907
Oct 1998652712.421.97$1,112
Sep 1998037312.592.08$777
Aug 1998735111.301.91$749
Jul 1998041111.742.24$920
Jun 1998043111.242.24$964
May 1998043112.622.21$951
Apr 19981338213.042.51$1,127
Mar 19981453112.802.31$1,406
Feb 1998043613.952.30$1,002
Jan 1998552614.702.15$1,207
Dec 1997446816.322.41$1,194
Nov 1997339318.193.09$1,268
Oct 1997044319.253.15$1,395
Sep 1997233417.742.95$1,022
Aug 1997429517.862.55$825
Jul 1997636917.582.25$935
Jun 1997051917.242.26$1,171
May 1997266018.972.31$1,562
Apr 1997026217.882.08$546
Mar 1997425718.951.94$574
Feb 1997533120.492.21$833
Jan 1997537123.483.54$1,431
Dec 1996042323.32$0
Nov 1996353021.97$66
Oct 1996355323.31$70
Sep 1996351122.22$67
Aug 1996041720.26$0
Jul 1996947319.55$176
Jun 19961441518.73$262
May 1996062019.43$0
Apr 1996667021.51$129
Mar 1996946619.38$174
Feb 1996031116.98$0
Jan 1996927917.07$154
Dec 1995048817.19$0
Nov 19951249316.00$192
Oct 1995950015.43$139
Sep 1995049216.18$0
Aug 1995523615.92$80
Jul 1995626415.24$91
Jun 1995635216.41$98
May 1995641717.56$105
Apr 1995643817.73$106
Mar 1995046416.44$0
Feb 1995643416.58$99
Jan 1995552515.92$80
Dec 1994553215.03$75
Nov 1994651615.90$95
Oct 19941143815.58$171
Sep 1994039315.29$0
Aug 1994647316.13$97
Jul 1994054917.56$0
Jun 1994651917.09$103
May 1994648015.88$95
Apr 19941149814.14$156
Mar 1994662612.46$75
Feb 1994759112.50$88
Jan 19941468712.66$177
Dec 1993570812.33$62
Nov 19931068314.49$145
Oct 1993665015.85$95
Sep 1993863115.03$120
Aug 1993354815.66$47
Jul 19931149115.46$170
Jun 19931457316.79$235
May 19931471017.68$248
Apr 1993435218.05$72
Mar 19931537918.14$272
Feb 1993837417.90$143
Jan 19932749616.93$457

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 2010 — as filed, then multipliedworked
Condensate            11 bbl  × $ 78.39 =       $862
Gas                    0 Mcf  × $  4.39 =         $0

────────────────────────────────────────────────────
Month total                                     $862

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/92630 is the state's own key, not one this site invented.