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 KERNS O & G, INC. (P-5 457700) 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 94156District 01Field 16340900CondensateGasSave Export

Value, all time

$403 k

Jan 1993 – Apr 2004

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

136

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	3,601 bbl	$57,122
Gas	Production	195,803 Mcf	$345,772
Total			$402,894

94,585 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 (136)

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

136 months


Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	264	29.41	5.17	$1,365
Jun 2003	0	73	28.56	5.98	$437
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	30	31.14	6.10	$183
Feb 2003	0	335	33.48	7.93	$2,655
Jan 2003	0	186	30.31	5.58	$1,038
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	248	24.66	4.14	$1,026
Oct 2002	0	1,464	26.46	4.23	$6,191
Sep 2002	0	1,901	27.44	3.64	$6,911
Aug 2002	0	787	25.96	3.16	$2,490
Jul 2002	0	363	24.58	3.06	$1,111
Jun 2002	0	625	23.73	3.34	$2,086
May 2002	0	653	24.66	3.58	$2,340
Apr 2002	0	1,226	23.65	3.51	$4,306
Mar 2002	0	1,449	22.00	3.10	$4,496
Feb 2002	0	1,996	18.22	2.38	$4,742
Jan 2002	0	1,466	17.17	2.38	$3,483
Dec 2001	0	1,942	16.93	2.36	$4,592
Nov 2001	0	1,635	18.07	2.41	$3,933
Oct 2001	0	1,514	19.78	2.53	$3,829
Sep 2001	0	753	24.26	2.25	$1,695
Aug 2001	0	2,234	24.87	3.05	$6,821
Jul 2001	0	1,646	23.93	3.20	$5,262
Jun 2001	0	2,124	24.56	3.82	$8,123
May 2001	0	1,732	25.52	4.31	$7,460
Apr 2001	0	2,058	24.68	5.34	$10,980
Mar 2001	0	2,532	24.54	5.38	$13,613
Feb 2001	0	2,209	27.75	5.77	$12,739
Jan 2001	0	3,202	27.47	8.40	$26,893
Dec 2000	0	2,393	26.88	9.12	$21,830
Nov 2000	0	2,321	32.21	5.66	$13,132
Oct 2000	0	1,995	31.23	5.15	$10,265
Sep 2000	0	869	31.87	5.19	$4,507
Aug 2000	0	972	29.64	4.54	$4,414
Jul 2000	0	1,424	28.53	4.09	$5,824
Jun 2000	0	1,272	29.30	4.40	$5,593
May 2000	0	1,344	27.26	3.68	$4,946
Apr 2000	0	1,686	24.51	3.12	$5,254
Mar 2000	2	1,357	28.42	2.86	$3,938
Feb 2000	5	1,428	27.62	2.73	$4,032
Jan 2000	22	1,854	25.27	2.48	$5,155
Dec 1999	12	1,073	24.28	2.42	$2,892
Nov 1999	11	936	23.19	2.43	$2,533
Oct 1999	8	928	20.98	2.80	$2,770
Sep 1999	9	774	21.75	2.62	$2,223
Aug 1999	10	917	19.26	2.88	$2,830
Jul 1999	10	893	17.89	2.37	$2,297
Jun 1999	8	927	15.94	2.36	$2,317
May 1999	7	674	15.79	2.32	$1,675
Apr 1999	9	767	15.10	2.21	$1,829
Mar 1999	18	1,045	12.47	1.84	$2,146
Feb 1999	14	1,021	9.98	1.82	$1,996
Jan 1999	21	1,511	10.38	1.90	$3,089
Dec 1998	20	1,389	9.20	1.77	$2,647
Nov 1998	25	1,441	10.89	2.19	$3,422
Oct 1998	27	1,557	12.42	1.97	$3,401
Sep 1998	25	1,567	12.59	2.08	$3,578
Aug 1998	20	1,468	11.30	1.91	$3,026
Jul 1998	24	1,563	11.74	2.24	$3,779
Jun 1998	11	1,633	11.24	2.24	$3,777
May 1998	14	1,669	12.62	2.21	$3,859
Apr 1998	11	1,459	13.04	2.51	$3,799
Mar 1998	15	1,454	12.80	2.31	$3,550
Feb 1998	13	1,298	13.95	2.30	$3,166
Jan 1998	16	1,490	14.70	2.15	$3,446
Dec 1997	17	1,454	16.32	2.41	$3,783
Nov 1997	19	1,420	18.19	3.09	$4,731
Oct 1997	19	1,420	19.25	3.15	$4,838
Sep 1997	16	1,449	17.74	2.95	$4,565
Aug 1997	19	1,518	17.86	2.55	$4,217
Jul 1997	19	1,367	17.58	2.25	$3,406
Jun 1997	14	1,170	17.24	2.26	$2,882
May 1997	25	1,238	18.97	2.31	$3,332
Apr 1997	23	1,232	17.88	2.08	$2,977
Mar 1997	30	1,415	18.95	1.94	$3,312
Feb 1997	22	1,221	20.49	2.21	$3,144
Jan 1997	19	1,298	23.48	3.54	$5,041
Dec 1996	27	1,295	23.32	—	$630
Nov 1996	16	1,271	21.97	—	$352
Oct 1996	24	1,345	23.31	—	$559
Sep 1996	22	1,316	22.22	—	$489
Aug 1996	28	1,313	20.26	—	$567
Jul 1996	19	1,310	19.55	—	$371
Jun 1996	23	1,265	18.73	—	$431
May 1996	31	1,316	19.43	—	$602
Apr 1996	33	1,282	21.51	—	$710
Mar 1996	34	1,405	19.38	—	$659
Feb 1996	33	1,292	16.98	—	$560
Jan 1996	23	1,521	17.07	—	$393
Dec 1995	37	1,537	17.19	—	$636
Nov 1995	27	1,494	16.00	—	$432
Oct 1995	31	1,523	15.43	—	$478
Sep 1995	99	1,478	16.18	—	$1,602
Aug 1995	135	1,494	15.92	—	$2,149
Jul 1995	144	1,472	15.24	—	$2,195
Jun 1995	22	1,351	16.41	—	$361
May 1995	21	1,320	17.56	—	$369
Apr 1995	24	1,027	17.73	—	$426
Mar 1995	32	1,245	16.44	—	$526
Feb 1995	30	1,427	16.58	—	$497
Jan 1995	26	1,328	15.92	—	$414
Dec 1994	36	842	15.03	—	$541
Nov 1994	59	2,100	15.90	—	$938
Oct 1994	53	2,448	15.58	—	$826
Sep 1994	53	2,386	15.29	—	$810
Aug 1994	57	2,531	16.13	—	$919
Jul 1994	77	2,414	17.56	—	$1,352
Jun 1994	125	2,113	17.09	—	$2,136
May 1994	156	2,132	15.88	—	$2,477
Apr 1994	177	2,396	14.14	—	$2,503
Mar 1994	221	2,682	12.46	—	$2,754
Feb 1994	190	2,358	12.50	—	$2,375
Jan 1994	138	2,669	12.66	—	$1,747
Dec 1993	70	3,253	12.33	—	$863
Nov 1993	64	2,469	14.49	—	$927
Oct 1993	49	2,570	15.85	—	$777
Sep 1993	47	2,701	15.03	—	$706
Aug 1993	47	2,761	15.66	—	$736
Jul 1993	54	3,319	15.46	—	$835
Jun 1993	45	2,547	16.79	—	$756
May 1993	61	3,087	17.68	—	$1,078
Apr 1993	61	2,974	18.05	—	$1,101
Mar 1993	63	3,143	18.14	—	$1,143
Feb 1993	55	2,926	17.90	—	$985
Jan 1993	73	3,137	16.93	—	$1,236

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.

Jul 2003 — as filed, then multipliedworked

Condensate             0 bbl  × $ 29.41 =         $0
Gas                  264 Mcf  × $  5.17 =     $1,365

────────────────────────────────────────────────────
Month total                                   $1,365

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/94156 is the state's own key, not one this site invented.