PETTY, O. S. (B-1)

Name: PETTY, O. S. (B-1) lease production and value, Dec 1996 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, E. (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 161886District 04Field 25567500CondensateGasSave Export

Value, all time

$67 k

Dec 1996 – Dec 2004

Value, last 12 filed months

$215

at the published price for each month

Months reported

no gaps in the span

Streams

condensate, gas

The DOS HERMANOS, E. (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 38 leases and 38 wells, and the rule below applies to all of them.

Discovered

1978-10-01

as the register files it

Field class

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

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	20 bbl	$357
Gas	Production	25,648 Mcf	$66,374
Total			$66,731

1,238 Mcf of this lease's gas, across 1 month, 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 28.0696, -99.8613. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.06965, -99.86129 · 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

5,750 ft

1 wells filed one

Completion to plug

8.0 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 5,750 ft.

Completions filed

Dec 1996

1 of 1 wells

Plug dates filed

Dec 2004

1 of 1 wells

Last completion to plug: a median of 8.0 years across the 1 well that filed both dates, with the middle half between 8.0 years and 8.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47933035	4015	5,750 ft	Dec 1996	Dec 2004	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 (97)

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

97 months


Dec 2004	0	4	39.86	6.75	$27
Nov 2004	0	5	45.28	6.33	$32
Oct 2004	0	24	49.70	6.52	$156
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
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	34	28.17	4.76	$162
Sep 2003	0	46	26.31	4.75	$218
Aug 2003	0	57	29.76	5.13	$292
Jul 2003	0	59	29.41	5.17	$305
Jun 2003	0	72	28.56	5.98	$431
May 2003	0	50	26.59	5.97	$299
Apr 2003	0	58	26.67	5.41	$314
Mar 2003	0	75	31.14	6.10	$457
Feb 2003	0	67	33.48	7.93	$531
Jan 2003	0	57	30.31	5.58	$318
Dec 2002	0	71	26.91	4.85	$345
Nov 2002	0	36	24.66	4.14	$149
Oct 2002	0	3	26.46	4.23	$13
Sep 2002	0	59	27.44	3.64	$214
Aug 2002	0	28	25.96	3.16	$89
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	9	23.73	3.34	$30
May 2002	0	17	24.66	3.58	$61
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	32	22.00	3.10	$99
Feb 2002	0	55	18.22	2.38	$131
Jan 2002	0	76	17.17	2.38	$181
Dec 2001	0	134	16.93	2.36	$317
Nov 2001	0	109	18.07	2.41	$262
Oct 2001	0	129	19.78	2.53	$326
Sep 2001	0	97	24.26	2.25	$218
Aug 2001	0	121	24.87	3.05	$369
Jul 2001	0	136	23.93	3.20	$435
Jun 2001	0	94	24.56	3.82	$359
May 2001	0	139	25.52	4.31	$599
Apr 2001	0	123	24.68	5.34	$656
Mar 2001	0	87	24.54	5.38	$468
Feb 2001	0	103	27.75	5.77	$594
Jan 2001	0	114	27.47	8.40	$957
Dec 2000	0	109	26.88	9.12	$994
Nov 2000	0	165	32.21	5.66	$934
Oct 2000	0	122	31.23	5.15	$628
Sep 2000	0	120	31.87	5.19	$622
Aug 2000	0	139	29.64	4.54	$631
Jul 2000	0	154	28.53	4.09	$630
Jun 2000	0	138	29.30	4.40	$607
May 2000	0	187	27.26	3.68	$688
Apr 2000	0	223	24.51	3.12	$695
Mar 2000	0	180	28.42	2.86	$515
Feb 2000	0	173	27.62	2.73	$472
Jan 2000	0	178	25.27	2.48	$442
Dec 1999	0	195	24.28	2.42	$473
Nov 1999	0	175	23.19	2.43	$426
Oct 1999	0	183	20.98	2.80	$513
Sep 1999	0	189	21.75	2.62	$495
Aug 1999	0	174	19.26	2.88	$500
Jul 1999	0	180	17.89	2.37	$427
Jun 1999	0	201	15.94	2.36	$475
May 1999	0	234	15.79	2.32	$543
Apr 1999	0	281	15.10	2.21	$620
Mar 1999	0	231	12.47	1.84	$425
Feb 1999	0	131	9.98	1.82	$238
Jan 1999	0	228	10.38	1.90	$433
Dec 1998	0	332	9.20	1.77	$589
Nov 1998	0	250	10.89	2.19	$546
Oct 1998	0	386	12.42	1.97	$760
Sep 1998	0	450	12.59	2.08	$937
Aug 1998	0	336	11.30	1.91	$641
Jul 1998	0	374	11.74	2.24	$837
Jun 1998	0	358	11.24	2.24	$801
May 1998	0	374	12.62	2.21	$825
Apr 1998	1	340	13.04	2.51	$865
Mar 1998	0	354	12.80	2.31	$818
Feb 1998	0	380	13.95	2.30	$874
Jan 1998	2	470	14.70	2.15	$1,042
Dec 1997	1	508	16.32	2.41	$1,241
Nov 1997	1	667	18.19	3.09	$2,078
Oct 1997	3	958	19.25	3.15	$3,075
Sep 1997	0	1,145	17.74	2.95	$3,383
Aug 1997	3	1,277	17.86	2.55	$3,316
Jul 1997	2	1,175	17.58	2.25	$2,675
Jun 1997	0	1,187	17.24	2.26	$2,679
May 1997	2	1,352	18.97	2.31	$3,159
Apr 1997	2	1,410	17.88	2.08	$2,972
Mar 1997	1	1,539	18.95	1.94	$3,003
Feb 1997	2	1,323	20.49	2.21	$2,959
Jan 1997	0	795	23.48	3.54	$2,814
Dec 1996	0	1,238	23.32	—	$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.

Dec 2004 — as filed, then multipliedworked

Condensate             0 bbl  × $ 39.86 =         $0
Gas                    4 Mcf  × $  6.75 =        $27

────────────────────────────────────────────────────
Month total                                      $27

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/161886 is the state's own key, not one this site invented.