PETTY

Operated by UNION GAS OPERATING COMPANY (P-5 876500) in the VICKERS (WILCOX MIDDLE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 262639District 03Field 936681202 tax incentive programmesCondensateGasSaveExport
Value, all time
$14.3 M
May 2011 – May 2026
Value, last 12 filed months
$444 k
at the published price for each month
Months reported
181
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 18 leases and 18 wells, and the rule below applies to all of them.

Discovered
2003-04-05
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 40 acres. The field rule took effect on 2003-09-09.

The Commission's schedule remark for this field reads: INITIAL COMPLETION OF EACH WELL.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112012-05-17205891
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition166,329 bbl$12,507,383
GasProduction509,917 Mcf$1,767,054
Total$14,274,437

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 30.4267, -94.3248. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.42669, -94.32479 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
12,800 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 12,800 ft.

Completions filed
May 2011
1 of 1 wells

1 well

42-199332841012,800 ftMay 2011

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (181)

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

181 months

May 20264251,373106.413.05$49,406
Apr 20264301,60298.932.87$47,137
Mar 20264741,80089.753.15$48,210
Feb 20263481,49363.503.75$27,697
Jan 20265671,47859.138.00$45,348
Dec 20254751,48356.664.41$33,459
Nov 20254171,54358.593.93$30,491
Oct 20254911,50259.383.30$34,119
Sep 20253911,74262.743.08$29,891
Aug 20254201,55563.933.01$31,539
Jul 20254841,72866.743.32$38,031
Jun 20253531,55366.483.13$28,326
May 20254481,75260.553.23$32,789
Apr 20254421,67462.363.54$33,494
Mar 20254481,67067.704.27$37,458
Feb 20254581,47570.884.34$38,866
Jan 20254201,55574.324.28$37,868
Dec 20245241,60268.993.12$41,151
Nov 20242771,12269.052.20$21,594
Oct 20246482,64971.372.28$52,291
Sep 20244672,25669.612.36$37,842
Aug 20244662,07175.632.06$39,517
Jul 20244181,82979.932.15$37,337
Jun 20243101,82278.082.63$29,004
May 20243272,17378.812.20$30,548
Apr 20244062,01784.451.66$37,633
Mar 20243201,67580.301.55$28,284
Feb 20243561,50076.091.78$29,764
Jan 20245171,54073.023.30$42,830
Dec 20233301,37571.262.61$27,106
Nov 20234441,72577.892.81$39,426
Oct 20234051,52485.443.09$39,308
Sep 20233561,49289.042.74$35,779
Aug 20234771,59780.522.67$42,677
Jul 20234041,36874.852.64$33,853
Jun 20233741,11568.962.26$28,309
May 20233881,45970.622.23$30,650
Apr 20236051,59178.122.24$50,823
Mar 20233661,12072.852.39$29,343
Feb 20235531,55975.112.47$45,380
Jan 202337591576.533.39$31,799
Dec 20225151,38076.415.73$47,257
Nov 20223431,02585.005.65$34,942
Oct 20225681,56887.185.86$58,713
Sep 20225771,77784.888.16$63,483
Aug 20226861,83494.529.13$81,580
Jul 20224771,337101.587.54$58,537
Jun 20225441,824115.097.98$77,159
May 20225301,771109.378.43$72,901
Apr 20225871,733104.226.84$73,027
Mar 20224871,553108.885.08$60,908
Feb 20227132,21691.054.86$75,686
Jan 20227152,28581.844.54$68,884
Dec 20215651,62871.323.90$46,644
Nov 20216011,68077.435.24$55,333
Oct 20216631,85379.795.71$63,489
Sep 20215801,99069.865.35$51,167
Aug 20216722,06066.024.22$53,060
Jul 20214681,82870.783.98$40,404
Jun 20215141,75569.493.38$41,651
May 20214461,62763.483.02$33,222
Apr 20214151,61460.362.76$29,501
Mar 20216262,54961.302.72$45,299
Feb 20214241,21957.805.55$31,270
Jan 20214401,88650.412.81$27,481
Dec 20203871,29244.642.68$20,732
Nov 20201,1512,41038.772.71$51,147
Oct 20201,2465,69636.972.48$60,182
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 202007716.921.81$140
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 202013442157.252.09$8,553
Dec 20195501,78759.012.30$36,573
Nov 20193771,39055.302.75$24,672
Oct 20195171,77153.472.42$31,927
Sep 20194611,63155.052.66$29,712
Aug 20194261,66553.112.30$26,462
Jul 20195051,99256.272.46$33,317
Jun 20194081,48452.782.49$25,231
May 20195141,86058.482.74$35,156
Apr 20197902,58462.632.75$56,586
Mar 20194821,11356.803.06$30,786
Feb 20196281,80550.852.79$36,974
Jan 20198232,03946.033.23$44,465
Dec 20181,3523,28746.594.19$76,747
Nov 20185791,36452.934.24$36,426
Oct 20180061.443.40$0
Sep 20183741,09259.543.11$25,662
Aug 20185891,76159.403.07$40,387
Jul 20185871,85765.142.93$43,682
Jun 20186371,87460.183.08$44,101
May 20186592,14965.382.90$49,319
Apr 20186261,94663.842.90$45,609
Mar 20187272,31361.222.79$50,953
Feb 20184931,66761.782.77$35,069
Jan 20186482,22362.874.01$49,652
Dec 20176762,05857.272.92$44,727
Nov 20177962,32055.423.12$51,349
Oct 20176082,10649.292.98$36,252
Sep 20177762,19347.523.09$43,646
Aug 20175662,15645.373.00$32,157
Jul 20176762,17043.873.09$36,356
Jun 20176722,25242.493.09$35,506
May 20177442,37645.373.26$41,509
Apr 20177192,24947.933.21$41,685
Mar 20177512,33946.772.98$42,103
Feb 20177582,17750.452.95$44,669
Jan 20176822,43349.413.42$42,016
Dec 20168262,40448.763.72$49,225
Nov 20169742,64042.492.64$48,366
Oct 20168492,97746.193.09$48,415
Sep 20168603,03241.553.10$45,134
Aug 20161,0253,30141.442.92$52,129
Jul 20169852,99641.622.92$49,757
Jun 20168143,01045.352.69$44,999
May 20169202,79842.521.99$44,689
Apr 20161,0653,03336.561.99$44,975
Mar 20168613,01533.011.79$33,831
Feb 20161,0543,40126.472.06$34,918
Jan 20161,2213,75427.352.36$42,270
Dec 20151,1533,65332.362.00$44,622
Nov 20151,1563,54938.792.17$52,533
Oct 20151,2443,75643.552.43$63,290
Sep 20151,2993,93042.992.76$66,685
Aug 20151,3834,10640.162.87$67,336
Jul 20159864,22048.152.95$59,904
Jun 20151,1032,77556.152.88$69,933
May 20151,2643,79255.212.96$80,993
Apr 20151,3583,80149.822.71$77,943
Mar 20151,2693,82142.892.93$65,641
Feb 20151,2353,73944.662.98$66,283
Jan 20151,2834,01343.433.10$68,164
Dec 20141,4663,48754.693.59$92,699
Nov 20141,4973,59070.464.25$120,743
Oct 20141,5753,98078.303.90$138,848
Sep 20141,5964,51686.164.05$155,781
Aug 20141,0853,13189.394.04$109,622
Jul 20141,0352,98796.564.18$112,424
Jun 20141,1463,06198.164.74$126,991
May 20141,4213,62494.734.73$151,740
Apr 20141,2363,56295.944.81$135,712
Mar 20141,3003,37795.895.06$141,734
Feb 20141,4503,43597.406.19$162,500
Jan 20141,5703,71890.404.86$160,000
Dec 20131,7583,86391.824.35$178,241
Nov 20131,2943,23688.853.74$127,069
Oct 20131,6473,48597.423.78$173,622
Sep 20131,5734,136104.113.72$179,142
Aug 20131,9944,758104.253.52$224,635
Jul 20138352,509102.523.72$94,932
Jun 20131,3274,29494.403.93$142,159
May 20131,3424,14794.834.15$144,468
Apr 20131,4384,22493.964.28$153,204
Mar 20131,6074,83593.623.91$169,366
Feb 20131,1463,53991.233.42$116,653
Jan 20131,6154,56591.603.42$163,546
Dec 20121,7125,06486.773.42$165,870
Nov 20121,5554,95186.953.62$153,154
Oct 20121,3344,34989.383.40$134,018
Sep 20121,6635,48794.672.92$173,449
Aug 20121,8255,73592.662.91$185,783
Jul 20121,8745,71185.133.02$176,785
Jun 20121,8635,76879.822.52$163,234
May 20122,1566,18391.612.49$212,896
Apr 20122,2126,592101.652.00$238,013
Mar 20122,3746,927105.052.22$264,781
Feb 20122,3596,207101.102.57$254,448
Jan 20123,1037,87798.092.73$325,910
Dec 20112,6467,88096.873.24$281,847
Nov 20113,3329,20995.723.31$349,433
Oct 20112,6948,28084.983.65$259,146
Sep 20113,3989,26283.623.99$321,057
Aug 20113,75511,80083.404.15$362,129
Jul 20115,19215,25394.144.52$557,676
Jun 20115,21618,11392.904.64$568,609
May 20117224998.134.40$8,162

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 2026 — as filed, then multipliedworked
Condensate           425 bbl  × $106.41 =    $45,224
Gas                1,373 Mcf  × $  3.05 =     $4,182

────────────────────────────────────────────────────
Month total                                  $49,406

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. 03/G/262639 is the state's own key, not one this site invented.