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 BLACKBRUSH O & G, INC. (P-5 73027) 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 94556District 01Field 16340900CondensateGasSave Export

Value, all time

$332 k

Jan 1993 – Jul 2005

Value, last 12 filed months

$280

at the published price for each month

Months reported

151

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	1,945 bbl	$39,608
Gas	Production	173,241 Mcf	$292,663
Total			$332,271

85,075 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 (151)

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

151 months


Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	2	0	45.22	6.65	$90
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	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	4	0	43.24	5.28	$173
Aug 2004	0	3	42.37	5.55	$17
Jul 2004	0	17	38.28	6.08	$103
Jun 2004	0	182	36.10	6.43	$1,171
May 2004	0	169	37.48	6.49	$1,098
Apr 2004	0	188	34.47	5.86	$1,101
Mar 2004	0	196	34.36	5.53	$1,084
Feb 2004	11	474	32.45	5.51	$2,969
Jan 2004	0	235	32.03	6.30	$1,480
Dec 2003	0	94	30.26	6.30	$592
Nov 2003	0	344	28.80	4.60	$1,581
Oct 2003	0	271	28.17	4.76	$1,290
Sep 2003	0	353	26.31	4.75	$1,677
Aug 2003	0	443	29.76	5.13	$2,272
Jul 2003	0	669	29.41	5.17	$3,459
Jun 2003	0	512	28.56	5.98	$3,063
May 2003	25	634	26.59	5.97	$4,451
Apr 2003	0	527	26.67	5.41	$2,850
Mar 2003	0	502	31.14	6.10	$3,060
Feb 2003	31	510	33.48	7.93	$5,080
Jan 2003	0	614	30.31	5.58	$3,427
Dec 2002	35	681	26.91	4.85	$4,247
Nov 2002	0	802	24.66	4.14	$3,318
Oct 2002	34	941	26.46	4.23	$4,879
Sep 2002	32	1,001	27.44	3.64	$4,517
Aug 2002	0	961	25.96	3.16	$3,041
Jul 2002	26	1,010	24.58	3.06	$3,731
Jun 2002	0	961	23.73	3.34	$3,208
May 2002	20	1,005	24.66	3.58	$4,095
Apr 2002	19	987	23.65	3.51	$3,916
Mar 2002	0	1,083	22.00	3.10	$3,360
Feb 2002	18	1,006	18.22	2.38	$2,718
Jan 2002	0	1,078	17.17	2.38	$2,561
Dec 2001	14	1,059	16.93	2.36	$2,741
Nov 2001	23	979	18.07	2.41	$2,771
Oct 2001	23	1,021	19.78	2.53	$3,037
Sep 2001	12	1,018	24.26	2.25	$2,583
Aug 2001	27	1,214	24.87	3.05	$4,378
Jul 2001	23	1,051	23.93	3.20	$3,911
Jun 2001	40	1,040	24.56	3.82	$4,960
May 2001	51	1,015	25.52	4.31	$5,673
Apr 2001	50	1,029	24.68	5.34	$6,724
Mar 2001	52	1,099	24.54	5.38	$7,185
Feb 2001	0	1,001	27.75	5.77	$5,773
Jan 2001	0	989	27.47	8.40	$8,306
Dec 2000	39	988	26.88	9.12	$10,061
Nov 2000	39	1,068	32.21	5.66	$7,299
Oct 2000	0	1,166	31.23	5.15	$6,000
Sep 2000	28	1,098	31.87	5.19	$6,587
Aug 2000	23	1,116	29.64	4.54	$5,749
Jul 2000	18	1,101	28.53	4.09	$5,016
Jun 2000	10	1,379	29.30	4.40	$6,357
May 2000	11	1,604	27.26	3.68	$6,202
Apr 2000	37	1,672	24.51	3.12	$6,117
Mar 2000	16	1,539	28.42	2.86	$4,856
Feb 2000	0	1,258	27.62	2.73	$3,430
Jan 2000	12	817	25.27	2.48	$2,330
Dec 1999	13	1,123	24.28	2.42	$3,037
Nov 1999	0	1,160	23.19	2.43	$2,823
Oct 1999	13	1,063	20.98	2.80	$3,253
Sep 1999	0	1,177	21.75	2.62	$3,082
Aug 1999	15	1,237	19.26	2.88	$3,846
Jul 1999	0	1,259	17.89	2.37	$2,987
Jun 1999	18	1,069	15.94	2.36	$2,812
May 1999	17	995	15.79	2.32	$2,578
Apr 1999	16	991	15.10	2.21	$2,430
Mar 1999	0	1,023	12.47	1.84	$1,881
Feb 1999	12	978	9.98	1.82	$1,898
Jan 1999	0	1,051	10.38	1.90	$1,997
Dec 1998	6	1,060	9.20	1.77	$1,935
Nov 1998	8	1,091	10.89	2.19	$2,472
Oct 1998	0	1,235	12.42	1.97	$2,432
Sep 1998	13	1,210	12.59	2.08	$2,684
Aug 1998	0	1,120	11.30	1.91	$2,136
Jul 1998	0	896	11.74	2.24	$2,005
Jun 1998	12	1,093	11.24	2.24	$2,580
May 1998	0	1,130	12.62	2.21	$2,493
Apr 1998	14	1,204	13.04	2.51	$3,199
Mar 1998	0	1,217	12.80	2.31	$2,811
Feb 1998	11	1,113	13.95	2.30	$2,712
Jan 1998	11	1,121	14.70	2.15	$2,577
Dec 1997	8	1,164	16.32	2.41	$2,937
Nov 1997	0	1,115	18.19	3.09	$3,443
Oct 1997	0	1,229	19.25	3.15	$3,871
Sep 1997	6	1,283	17.74	2.95	$3,898
Aug 1997	0	1,284	17.86	2.55	$3,280
Jul 1997	14	1,574	17.58	2.25	$3,783
Jun 1997	9	1,586	17.24	2.26	$3,735
May 1997	15	1,466	18.97	2.31	$3,669
Apr 1997	12	1,266	17.88	2.08	$2,851
Mar 1997	16	1,349	18.95	1.94	$2,919
Feb 1997	0	1,220	20.49	2.21	$2,691
Jan 1997	19	1,240	23.48	3.54	$4,835
Dec 1996	9	1,325	23.32	—	$210
Nov 1996	13	1,461	21.97	—	$286
Oct 1996	0	1,456	23.31	—	$0
Sep 1996	22	1,548	22.22	—	$489
Aug 1996	13	1,662	20.26	—	$263
Jul 1996	0	1,672	19.55	—	$0
Jun 1996	19	1,624	18.73	—	$356
May 1996	18	1,627	19.43	—	$350
Apr 1996	20	1,757	21.51	—	$430
Mar 1996	0	1,853	19.38	—	$0
Feb 1996	21	1,662	16.98	—	$357
Jan 1996	0	1,878	17.07	—	$0
Dec 1995	21	1,890	17.19	—	$361
Nov 1995	21	1,744	16.00	—	$336
Oct 1995	0	1,803	15.43	—	$0
Sep 1995	21	1,755	16.18	—	$340
Aug 1995	18	1,797	15.92	—	$287
Jul 1995	19	1,788	15.24	—	$290
Jun 1995	0	1,861	16.41	—	$0
May 1995	17	1,953	17.56	—	$299
Apr 1995	19	1,842	17.73	—	$337
Mar 1995	0	2,021	16.44	—	$0
Feb 1995	19	1,469	16.58	—	$315
Jan 1995	0	1,768	15.92	—	$0
Dec 1994	19	1,786	15.03	—	$286
Nov 1994	21	1,920	15.90	—	$334
Oct 1994	0	1,803	15.58	—	$0
Sep 1994	24	1,995	15.29	—	$367
Aug 1994	0	2,116	16.13	—	$0
Jul 1994	52	1,939	17.56	—	$913
Jun 1994	72	1,834	17.09	—	$1,230
May 1994	74	1,902	15.88	—	$1,175
Apr 1994	0	1,690	14.14	—	$0
Mar 1994	66	1,762	12.46	—	$822
Feb 1994	60	1,651	12.50	—	$750
Jan 1994	41	1,761	12.66	—	$519
Dec 1993	16	1,868	12.33	—	$197
Nov 1993	17	1,700	14.49	—	$246
Oct 1993	0	2,166	15.85	—	$0
Sep 1993	20	2,133	15.03	—	$301
Aug 1993	0	2,204	15.66	—	$0
Jul 1993	19	2,517	15.46	—	$294
Jun 1993	18	2,194	16.79	—	$302
May 1993	17	2,225	17.68	—	$301
Apr 1993	14	2,249	18.05	—	$253
Mar 1993	5	3	18.14	—	$91
Feb 1993	0	3	17.90	—	$0
Jan 1993	17	2,438	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.

May 2005 — as filed, then multipliedworked

Condensate             2 bbl  × $ 45.22 =        $90
Gas                    0 Mcf  × $  6.65 =         $0

────────────────────────────────────────────────────
Month total                                      $90

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/94556 is the state's own key, not one this site invented.