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 DOS HERMANOS (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 143227District 04Field 255645002 tax incentive programmesCondensateGasSave Export

Value, all time

$127 k

Jan 1993 – Jun 2003

Value, last 12 filed months

at the published price for each month

Months reported

126

no gaps in the span

Streams

condensate, gas

The DOS HERMANOS (OLMOS) 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 16 leases and 16 wells, and the rule below applies to all of them.

Discovered

1967-10-30

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1997-07-18.

The Commission's schedule remark for this field reads: “NORTH (OLMOS) FIELD (35566500).”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1993-03-03	126897
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	1,576 bbl	$28,721
Gas	Production	126,232 Mcf	$97,921
Total			$126,642

88,782 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.

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 28.0913, -99.8637. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.09135, -99.86366 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

5,550 ft

1 wells filed one

Completion to plug

10.6 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 5,550 ft.

Completions filed

Nov 1992

1 of 1 wells

Plug dates filed

Jun 2003

1 of 1 wells

Last completion to plug: a median of 10.6 years across the 1 well that filed both dates, with the middle half between 10.6 years and 10.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47931904	314	5,550 ft	Nov 1992	Jun 2003	Yes

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 (126)

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

126 months


Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	2	0	31.23	5.15	$62
Sep 2000	4	118	31.87	5.19	$739
Aug 2000	5	594	29.64	4.54	$2,845
Jul 2000	7	710	28.53	4.09	$3,103
Jun 2000	18	1,134	29.30	4.40	$5,514
May 2000	29	1,336	27.26	3.68	$5,707
Apr 2000	18	1,222	24.51	3.12	$4,249
Mar 2000	34	1,004	28.42	2.86	$3,837
Feb 2000	19	974	27.62	2.73	$3,180
Jan 2000	14	669	25.27	2.48	$2,013
Dec 1999	13	421	24.28	2.42	$1,336
Nov 1999	17	445	23.19	2.43	$1,477
Oct 1999	22	868	20.98	2.80	$2,895
Sep 1999	17	840	21.75	2.62	$2,570
Aug 1999	19	889	19.26	2.88	$2,922
Jul 1999	25	865	17.89	2.37	$2,499
Jun 1999	16	836	15.94	2.36	$2,230
May 1999	8	771	15.79	2.32	$1,916
Apr 1999	8	1,155	15.10	2.21	$2,671
Mar 1999	10	750	12.47	1.84	$1,503
Feb 1999	0	612	9.98	1.82	$1,112
Jan 1999	8	417	10.38	1.90	$875
Dec 1998	0	516	9.20	1.77	$915
Nov 1998	11	527	10.89	2.19	$1,272
Oct 1998	0	748	12.42	1.97	$1,473
Sep 1998	0	902	12.59	2.08	$1,879
Aug 1998	17	853	11.30	1.91	$1,819
Jul 1998	0	987	11.74	2.24	$2,208
Jun 1998	22	837	11.24	2.24	$2,120
May 1998	0	1,159	12.62	2.21	$2,557
Apr 1998	28	1,058	13.04	2.51	$3,016
Mar 1998	34	1,243	12.80	2.31	$3,306
Feb 1998	0	1,205	13.95	2.30	$2,770
Jan 1998	56	1,085	14.70	2.15	$3,161
Dec 1997	32	1,405	16.32	2.41	$3,910
Nov 1997	28	1,250	18.19	3.09	$4,370
Oct 1997	42	1,363	19.25	3.15	$5,102
Sep 1997	0	334	17.74	2.95	$987
Aug 1997	10	103	17.86	2.55	$442
Jul 1997	19	344	17.58	2.25	$1,107
Jun 1997	0	662	17.24	2.26	$1,494
May 1997	21	890	18.97	2.31	$2,453
Apr 1997	21	881	17.88	2.08	$2,210
Mar 1997	18	645	18.95	1.94	$1,592
Feb 1997	24	822	20.49	2.21	$2,305
Jan 1997	30	1,001	23.48	3.54	$4,248
Dec 1996	30	1,013	23.32	—	$700
Nov 1996	0	1,044	21.97	—	$0
Oct 1996	29	1,131	23.31	—	$676
Sep 1996	28	1,088	22.22	—	$622
Aug 1996	0	1,102	20.26	—	$0
Jul 1996	26	1,134	19.55	—	$508
Jun 1996	28	1,121	18.73	—	$524
May 1996	59	1,211	19.43	—	$1,146
Apr 1996	0	1,137	21.51	—	$0
Mar 1996	57	1,209	19.38	—	$1,105
Feb 1996	0	1,149	16.98	—	$0
Jan 1996	27	1,190	17.07	—	$461
Dec 1995	26	1,213	17.19	—	$447
Nov 1995	24	1,148	16.00	—	$384
Oct 1995	22	1,185	15.43	—	$339
Sep 1995	19	1,223	16.18	—	$307
Aug 1995	43	1,317	15.92	—	$685
Jul 1995	0	1,509	15.24	—	$0
Jun 1995	22	1,433	16.41	—	$361
May 1995	42	1,570	17.56	—	$738
Apr 1995	23	1,622	17.73	—	$408
Mar 1995	21	1,657	16.44	—	$345
Feb 1995	21	1,565	16.58	—	$348
Jan 1995	20	1,791	15.92	—	$318
Dec 1994	20	1,887	15.03	—	$301
Nov 1994	18	1,776	15.90	—	$286
Oct 1994	19	1,831	15.58	—	$296
Sep 1994	18	1,911	15.29	—	$275
Aug 1994	18	2,006	16.13	—	$290
Jul 1994	0	1,841	17.56	—	$0
Jun 1994	17	1,847	17.09	—	$291
May 1994	19	1,913	15.88	—	$302
Apr 1994	17	1,823	14.14	—	$240
Mar 1994	14	2,036	12.46	—	$174
Feb 1994	17	1,942	12.50	—	$213
Jan 1994	18	2,227	12.66	—	$228
Dec 1993	18	2,720	12.33	—	$222
Nov 1993	0	2,816	14.49	—	$0
Oct 1993	16	3,099	15.85	—	$254
Sep 1993	16	2,636	15.03	—	$240
Aug 1993	0	2,675	15.66	—	$0
Jul 1993	13	2,693	15.46	—	$201
Jun 1993	12	2,421	16.79	—	$201
May 1993	9	2,942	17.68	—	$159
Apr 1993	4	2,925	18.05	—	$72
Mar 1993	0	2,964	18.14	—	$0
Feb 1993	0	2,908	17.90	—	$0
Jan 1993	0	4,181	16.93	—	$0

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.

Oct 2000 — as filed, then multipliedworked

Condensate             2 bbl  × $ 31.23 =        $62
Gas                    0 Mcf  × $  5.15 =         $0

────────────────────────────────────────────────────
Month total                                      $62

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. 04/G/143227 is the state's own key, not one this site invented.