GATES RANCH "A"

Operated by LEWIS PETRO PROPERTIES, INC. (P-5 499978) in the CATARINA, SW. (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 97641District 01Field 16340500CondensateGasSaveExport
Value, all time
$8 k
Jan 1993 – Oct 2004
Value, last 12 filed months
$0
at the published price for each month
Months reported
142
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 213 leases and 214 wells, and the rule below applies to all of them.

Discovered
1973-12-28
as the register files it
Field class
Oil and 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 Commission's schedule remark for this field reads: OPTIONAL 80 ACRE UNIT MAX DIAG 4000

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
CondensateDisposition52 bbl$854
GasProduction5,561 Mcf$6,704
Total$7,559

2,974 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 (142)

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

142 months

Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 2002010718.222.38$254
Jan 2002014717.172.38$349
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010923.933.20$29
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000131.235.15$5
Sep 200005131.875.19$265
Aug 200006029.644.54$272
Jul 200005528.534.09$225
Jun 200006029.304.40$264
May 200005327.263.68$195
Apr 200005424.513.12$168
Mar 200005528.422.86$157
Feb 200005427.622.73$147
Jan 200005825.272.48$144
Dec 199936724.282.42$235
Nov 199907223.192.43$175
Oct 199916620.982.80$206
Sep 199906321.752.62$165
Aug 199926419.262.88$223
Jul 199905917.892.37$140
Jun 199925715.942.36$167
May 199906315.792.32$146
Apr 199925815.102.21$158
Mar 199906912.471.84$127
Feb 19990589.981.82$105
Jan 199928010.381.90$173
Dec 19981749.201.77$140
Nov 199805810.892.19$127
Oct 199806112.421.97$120
Sep 199805512.592.08$115
Aug 199804411.301.91$84
Jul 199804911.742.24$110
Jun 199804411.242.24$98
May 199804612.622.21$101
Apr 199804813.042.51$120
Mar 199804812.802.31$111
Feb 199804613.952.30$106
Jan 199803814.702.15$82
Dec 199703616.322.41$87
Nov 199703718.193.09$114
Oct 199703619.253.15$113
Sep 199703517.742.95$103
Aug 199703517.862.55$89
Jul 199703817.582.25$85
Jun 199703317.242.26$74
May 199703718.972.31$85
Apr 199703817.882.08$79
Mar 199703818.951.94$74
Feb 199703320.492.21$73
Jan 199704023.483.54$142
Dec 199603823.32$0
Nov 199604021.97$0
Oct 199604623.31$0
Sep 199604522.22$0
Aug 199605220.26$0
Jul 199606619.55$0
Jun 199605918.73$0
May 199615819.43$19
Apr 199616121.51$22
Mar 199616319.38$19
Feb 1996624316.98$102
Jan 199606817.07$0
Dec 199516017.19$17
Nov 199545816.00$64
Oct 199506015.43$0
Sep 199505916.18$0
Aug 199506615.92$0
Jul 199506115.24$0
Jun 199506416.41$0
May 199506417.56$0
Apr 199517717.73$18
Mar 199528616.44$33
Feb 199508516.58$0
Jan 199507115.92$0
Dec 199437115.03$45
Nov 199408615.90$0
Oct 199407915.58$0
Sep 199427915.29$31
Aug 199406916.13$0
Jul 199426717.56$35
Jun 199416717.09$17
May 199405815.88$0
Apr 199426214.14$28
Mar 199404412.46$0
Feb 199424312.50$25
Jan 199425212.66$25
Dec 199305212.33$0
Nov 199304714.49$0
Oct 199313715.85$16
Sep 199323915.03$30
Aug 199304515.66$0
Jul 199325215.46$31
Jun 199304916.79$0
May 199314517.68$18
Apr 199304518.05$0
Mar 199314718.14$18
Feb 199303817.90$0
Jan 199315116.93$17

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.

Feb 2002 — as filed, then multipliedworked
Condensate             0 bbl  × $ 18.22 =         $0
Gas                  107 Mcf  × $  2.38 =       $254

────────────────────────────────────────────────────
Month total                                     $254

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/97641 is the state's own key, not one this site invented.