PETTY RANCH

Name: PETTY RANCH lease production and value, Jan 1999 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WHITE OAK OPERATING COMPANY LLC (P-5 916954) in the GOLD RIVER, NORTH (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 172450District 04Field 355665002 tax incentive programmesCondensateGasSave Export

Value, all time

$1.7 M

Jan 1999 – Jul 2018

Value, last 12 filed months

at the published price for each month

Months reported

235

no gaps in the span

Streams

condensate, gas

The GOLD RIVER, NORTH (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 830 leases and 840 wells, and the rule below applies to all of them.

Discovered

1978-10-01

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 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 2005-10-25.

The Commission's schedule remark for this field reads: “REMAIN SUSPENDED.”

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	2001-02-27	143331
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	82 bbl	$6,178
Gas	Production	342,969 Mcf	$1,655,369
Total			$1,661,547

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 28.1061, -99.8565. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.10611, -99.85647 · 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

5,400 ft

1 wells filed one

Completion to plug

19.5 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 5,400 ft.

Completions filed

Jan 1999

1 of 1 wells

Plug dates filed

Jul 2018

1 of 1 wells

Last completion to plug: a median of 19.5 years across the 1 well that filed both dates, with the middle half between 19.5 years and 19.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47937006	2012	5,400 ft	Jan 1999	Jul 2018	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 (235)

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

235 months


Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	5	100	45.35	2.69	$495
May 2016	0	472	42.52	1.99	$940
Apr 2016	0	537	36.56	1.99	$1,069
Mar 2016	5	572	33.01	1.79	$1,191
Feb 2016	0	523	26.47	2.06	$1,079
Jan 2016	0	471	27.35	2.36	$1,114
Dec 2015	0	476	32.36	2.00	$953
Nov 2015	0	576	38.79	2.17	$1,248
Oct 2015	0	690	43.55	2.43	$1,674
Sep 2015	0	697	42.99	2.76	$1,923
Aug 2015	5	787	40.16	2.87	$2,461
Jul 2015	0	900	48.15	2.95	$2,651
Jun 2015	0	940	56.15	2.88	$2,710
May 2015	0	899	55.21	2.96	$2,657
Apr 2015	0	595	49.82	2.71	$1,610
Mar 2015	0	666	42.89	2.93	$1,955
Feb 2015	5	724	44.66	2.98	$2,378
Jan 2015	7	660	43.43	3.10	$2,350
Dec 2014	0	831	54.69	3.59	$2,984
Nov 2014	0	843	70.46	4.25	$3,584
Oct 2014	0	741	78.30	3.90	$2,891
Sep 2014	0	673	86.16	4.05	$2,723
Aug 2014	5	874	89.39	4.04	$3,974
Jul 2014	0	539	96.56	4.18	$2,253
Jun 2014	0	459	98.16	4.74	$2,174
May 2014	0	603	94.73	4.73	$2,850
Apr 2014	4	593	95.94	4.81	$3,236
Mar 2014	0	666	95.89	5.06	$3,368
Feb 2014	5	723	97.40	6.19	$4,964
Jan 2014	0	671	90.40	4.86	$3,262
Dec 2013	4	648	91.82	4.35	$3,189
Nov 2013	0	684	88.85	3.74	$2,557
Oct 2013	0	774	97.42	3.78	$2,925
Sep 2013	0	683	104.11	3.72	$2,539
Aug 2013	0	818	104.25	3.52	$2,881
Jul 2013	0	867	102.52	3.72	$3,223
Jun 2013	0	735	94.40	3.93	$2,891
May 2013	0	709	94.83	4.15	$2,942
Apr 2013	0	680	93.96	4.28	$2,912
Mar 2013	0	698	93.62	3.91	$2,731
Feb 2013	4	719	91.23	3.42	$2,824
Jan 2013	0	806	91.60	3.42	$2,756
Dec 2012	0	843	86.77	3.42	$2,883
Nov 2012	0	856	86.95	3.62	$3,103
Oct 2012	4	940	89.38	3.40	$3,553
Sep 2012	0	702	94.67	2.92	$2,049
Aug 2012	0	683	92.66	2.91	$1,986
Jul 2012	0	651	85.13	3.02	$1,967
Jun 2012	0	678	79.82	2.52	$1,708
May 2012	0	760	91.61	2.49	$1,891
Apr 2012	0	905	101.65	2.00	$1,807
Mar 2012	5	846	105.05	2.22	$2,405
Feb 2012	0	931	101.10	2.57	$2,393
Jan 2012	0	900	98.09	2.73	$2,461
Dec 2011	0	969	96.87	3.24	$3,139
Nov 2011	15	1,151	95.72	3.31	$5,247
Oct 2011	0	1,105	84.98	3.65	$4,032
Sep 2011	0	1,239	83.62	3.99	$4,938
Aug 2011	0	1,502	83.40	4.15	$6,232
Jul 2011	0	2,004	94.14	4.52	$9,053
Jun 2011	0	1,414	92.90	4.64	$6,561
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	1,265	105.96	4.33	$5,482
Mar 2011	2	1,468	96.36	4.06	$6,149
Feb 2011	0	542	85.64	4.18	$2,266
Jan 2011	0	756	86.50	4.59	$3,469
Dec 2010	0	700	85.73	4.35	$3,043
Nov 2010	0	1,249	80.84	3.80	$4,740
Oct 2010	0	1,145	78.10	3.51	$4,018
Sep 2010	0	887	72.63	3.98	$3,530
Aug 2010	0	354	73.68	4.42	$1,564
Jul 2010	0	901	72.55	4.74	$4,268
Jun 2010	6	1,531	70.36	4.91	$7,940
May 2010	0	1,763	71.12	4.24	$7,467
Apr 2010	0	1,672	81.69	4.12	$6,893
Mar 2010	0	1,461	78.39	4.39	$6,412
Feb 2010	0	1,496	73.58	5.44	$8,142
Jan 2010	0	1,908	74.36	5.96	$11,379
Dec 2009	0	2,805	71.44	5.48	$15,382
Nov 2009	1	2,345	74.59	3.75	$8,872
Oct 2009	0	1,696	72.54	4.11	$6,971
Sep 2009	0	880	65.54	3.06	$2,697
Aug 2009	0	1,105	67.42	3.22	$3,556
Jul 2009	0	1,137	61.13	3.46	$3,939
Jun 2009	0	1,577	66.16	3.90	$6,142
May 2009	0	1,103	54.74	3.93	$4,330
Apr 2009	0	877	46.77	3.59	$3,146
Mar 2009	0	950	42.14	4.06	$3,856
Feb 2009	0	1,119	32.81	4.63	$5,184
Jan 2009	0	1,053	35.86	5.37	$5,656
Dec 2008	0	1,176	37.10	5.98	$7,029
Nov 2008	0	821	55.49	6.86	$5,632
Oct 2008	0	999	75.24	6.92	$6,915
Sep 2008	0	878	101.76	7.88	$6,916
Aug 2008	0	832	114.22	8.48	$7,058
Jul 2008	0	605	131.08	11.39	$6,891
Jun 2008	0	547	131.33	13.03	$7,129
May 2008	0	925	123.17	11.57	$10,706
Apr 2008	0	963	110.31	10.45	$10,068
Mar 2008	0	958	101.90	9.66	$9,258
Feb 2008	0	783	92.53	8.77	$6,867
Jan 2008	0	1,280	90.38	8.21	$10,503
Dec 2007	0	1,194	88.33	7.30	$8,719
Nov 2007	0	974	91.67	7.29	$7,102
Oct 2007	0	1,033	82.85	6.92	$7,150
Sep 2007	0	978	75.84	6.24	$6,107
Aug 2007	0	740	69.06	6.39	$4,727
Jul 2007	0	603	70.90	6.39	$3,852
Jun 2007	0	1,059	62.00	7.55	$7,994
May 2007	0	1,187	58.74	7.85	$9,314
Apr 2007	0	1,260	59.61	7.81	$9,835
Mar 2007	0	1,232	56.92	7.30	$8,996
Feb 2007	0	1,336	55.10	8.22	$10,977
Jan 2007	0	1,407	50.30	6.73	$9,465
Dec 2006	0	1,462	56.65	6.92	$10,115
Nov 2006	0	1,345	54.20	7.62	$10,246
Oct 2006	0	1,575	54.90	6.01	$9,472
Sep 2006	0	1,399	60.08	5.04	$7,047
Aug 2006	0	1,802	68.71	7.34	$13,227
Jul 2006	0	1,274	69.37	6.34	$8,081
Jun 2006	0	1,956	66.28	6.38	$12,487
May 2006	0	1,830	66.01	6.42	$11,758
Apr 2006	0	2,072	64.39	7.36	$15,251
Mar 2006	0	2,177	56.70	7.08	$15,420
Feb 2006	0	2,060	57.59	7.75	$15,967
Jan 2006	0	2,323	60.59	8.93	$20,752
Dec 2005	0	2,370	54.94	13.42	$31,795
Nov 2005	0	2,076	54.69	10.59	$21,982
Oct 2005	0	2,395	58.34	13.80	$33,041
Sep 2005	0	2,219	61.45	12.08	$26,803
Aug 2005	0	2,197	61.51	9.80	$21,524
Jul 2005	0	2,047	55.69	7.84	$16,056
Jun 2005	0	2,071	52.33	7.38	$15,286
May 2005	0	2,041	45.22	6.65	$13,575
Apr 2005	0	1,599	49.20	7.36	$11,769
Mar 2005	0	2,053	50.37	7.15	$14,689
Feb 2005	0	1,958	45.22	6.31	$12,359
Jan 2005	0	2,244	43.16	6.32	$14,187
Dec 2004	0	1,438	39.86	6.75	$9,708
Nov 2004	0	1,715	45.28	6.33	$10,857
Oct 2004	0	2,216	49.70	6.52	$14,437
Sep 2004	0	2,140	43.24	5.28	$11,308
Aug 2004	0	1,857	42.37	5.55	$10,308
Jul 2004	0	1,669	38.28	6.08	$10,155
Jun 2004	0	1,246	36.10	6.43	$8,016
May 2004	0	1,690	37.48	6.49	$10,976
Apr 2004	0	2,311	34.47	5.86	$13,539
Mar 2004	0	2,380	34.36	5.53	$13,162
Feb 2004	0	2,409	32.45	5.51	$13,273
Jan 2004	0	2,227	32.03	6.30	$14,029
Dec 2003	0	2,028	30.26	6.30	$12,780
Nov 2003	0	2,533	28.80	4.60	$11,640
Oct 2003	0	2,578	28.17	4.76	$12,270
Sep 2003	0	2,360	26.31	4.75	$11,208
Aug 2003	0	2,135	29.76	5.13	$10,952
Jul 2003	0	1,560	29.41	5.17	$8,067
Jun 2003	0	1,745	28.56	5.98	$10,440
May 2003	0	2,089	26.59	5.97	$12,477
Apr 2003	0	874	26.67	5.41	$4,726
Mar 2003	0	1,500	31.14	6.10	$9,144
Feb 2003	0	2,049	33.48	7.93	$16,240
Jan 2003	0	1,787	30.31	5.58	$9,975
Dec 2002	0	2,245	26.91	4.85	$10,897
Nov 2002	0	2,264	24.66	4.14	$9,366
Oct 2002	0	1,260	26.46	4.23	$5,329
Sep 2002	0	930	27.44	3.64	$3,381
Aug 2002	0	1,257	25.96	3.16	$3,977
Jul 2002	0	1,637	24.58	3.06	$5,012
Jun 2002	0	1,640	23.73	3.34	$5,475
May 2002	0	1,450	24.66	3.58	$5,197
Apr 2002	0	1,826	23.65	3.51	$6,414
Mar 2002	0	1,501	22.00	3.10	$4,657
Feb 2002	0	1,186	18.22	2.38	$2,818
Jan 2002	0	1,953	17.17	2.38	$4,640
Dec 2001	0	1,975	16.93	2.36	$4,670
Nov 2001	0	2,083	18.07	2.41	$5,011
Oct 2001	0	2,129	19.78	2.53	$5,384
Sep 2001	0	2,011	24.26	2.25	$4,527
Aug 2001	0	2,511	24.87	3.05	$7,666
Jul 2001	0	1,937	23.93	3.20	$6,193
Jun 2001	0	2,607	24.56	3.82	$9,970
May 2001	0	2,760	25.52	4.31	$11,888
Apr 2001	0	2,846	24.68	5.34	$15,184
Mar 2001	0	2,884	24.54	5.38	$15,506
Feb 2001	0	2,322	27.75	5.77	$13,391
Jan 2001	0	2,822	27.47	8.40	$23,701
Dec 2000	0	2,783	26.88	9.12	$25,388
Nov 2000	0	2,905	32.21	5.66	$16,436
Oct 2000	0	3,246	31.23	5.15	$16,702
Sep 2000	0	3,075	31.87	5.19	$15,948
Aug 2000	0	3,468	29.64	4.54	$15,747
Jul 2000	0	3,513	28.53	4.09	$14,367
Jun 2000	0	2,912	29.30	4.40	$12,805
May 2000	0	3,791	27.26	3.68	$13,950
Apr 2000	0	3,893	24.51	3.12	$12,131
Mar 2000	0	3,790	28.42	2.86	$10,838
Feb 2000	0	3,710	27.62	2.73	$10,115
Jan 2000	0	4,039	25.27	2.48	$10,019
Dec 1999	0	4,308	24.28	2.42	$10,441
Nov 1999	0	4,316	23.19	2.43	$10,505
Oct 1999	0	4,516	20.98	2.80	$12,662
Sep 1999	0	4,697	21.75	2.62	$12,301
Aug 1999	0	5,106	19.26	2.88	$14,683
Jul 1999	0	5,709	17.89	2.37	$13,544
Jun 1999	0	5,788	15.94	2.36	$13,672
May 1999	0	5,899	15.79	2.32	$13,692
Apr 1999	0	5,023	15.10	2.21	$11,091
Mar 1999	0	6,117	12.47	1.84	$11,245
Feb 1999	0	2,332	9.98	1.82	$4,239
Jan 1999	0	0	10.38	1.90	$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.

Jun 2016 — as filed, then multipliedworked

Condensate             5 bbl  × $ 45.35 =       $227
Gas                  100 Mcf  × $  2.69 =       $269

────────────────────────────────────────────────────
Month total                                     $495

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/172450 is the state's own key, not one this site invented.