PETTY RANCH

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 193700District 04Field 355665002 tax incentive programmesCondensateGasSaveExport
Value, all time
$536 k
Feb 2003 – Aug 2020
Value, last 12 filed months
$0
at the published price for each month
Months reported
211
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112003-05-23151506
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
CondensateDisposition64 bbl$5,350
GasProduction100,797 Mcf$530,810
Total$536,160

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 28.0365, -99.9013. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.03655, -99.90131 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
5,300 ft
1 wells filed one
Completion to plug
17.5 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 5,300 ft.

Completions filed
Feb 2003
1 of 1 wells
Plug dates filed
Aug 2020
1 of 1 wells

Last completion to plug: a median of 17.5 years across the 1 well that filed both dates, with the middle half between 17.5 years and 17.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793823716175,300 ftFeb 2003Aug 2020Yes

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 (211)

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

211 months

Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 201625945.352.69$249
May 2016036742.521.99$731
Apr 2016040836.561.99$812
Mar 2016020933.011.79$375
Feb 2016018926.472.06$390
Jan 2016026027.352.36$615
Dec 2015237132.362.00$807
Nov 2015026638.792.17$577
Oct 2015031143.552.43$755
Sep 2015025442.992.76$701
Aug 2015037040.162.87$1,063
Jul 2015343248.152.95$1,417
Jun 2015080456.152.88$2,318
May 2015066755.212.96$1,971
Apr 2015014449.822.71$390
Mar 2015214142.892.93$500
Feb 2015021344.662.98$634
Jan 2015349043.433.10$1,650
Dec 2014054254.693.59$1,947
Nov 2014035670.464.25$1,514
Oct 2014471778.303.90$3,110
Sep 2014080186.164.05$3,240
Aug 2014080889.394.04$3,260
Jul 2014479796.564.18$3,717
Jun 2014080498.164.74$3,808
May 2014074294.734.73$3,507
Apr 2014365595.944.81$3,438
Mar 2014062895.895.06$3,176
Feb 2014251197.406.19$3,359
Jan 2014078190.404.86$3,796
Dec 2013245991.824.35$2,182
Nov 2013032488.853.74$1,211
Oct 2013128797.423.78$1,182
Sep 20132236104.113.72$1,086
Aug 20130267104.253.52$941
Jul 20130259102.523.72$963
Jun 2013058994.403.93$2,317
May 201341,10594.834.15$4,964
Apr 201301,03693.964.28$4,437
Mar 201341,02893.623.91$4,397
Feb 2013093691.233.42$3,201
Jan 201341,05791.603.42$3,981
Dec 201201,12686.773.42$3,851
Nov 201241,05686.953.62$4,176
Oct 201201,13889.383.40$3,869
Sep 2012098994.672.92$2,886
Aug 2012498992.662.91$3,247
Jul 201221,01485.133.02$3,233
Jun 201201,01879.822.52$2,564
May 201241,03591.612.49$2,942
Apr 201201,055101.652.00$2,107
Mar 201231,132105.052.22$2,831
Feb 20120477101.102.57$1,226
Jan 2012135998.092.73$1,080
Dec 2011138396.873.24$1,338
Nov 2011145095.723.31$1,586
Oct 2011031284.983.65$1,138
Sep 2011075183.623.99$2,993
Aug 2011125783.404.15$1,150
Jul 2011036594.144.52$1,649
Jun 201101,21392.904.64$5,628
May 2011128298.134.40$1,340
Apr 20110281105.964.33$1,218
Mar 2011035996.364.06$1,457
Feb 2011039585.644.18$1,651
Jan 2011029586.504.59$1,354
Dec 2010022985.734.35$996
Nov 2010017380.843.80$657
Oct 2010028378.103.51$993
Sep 2010017072.633.98$677
Aug 2010042373.684.42$1,869
Jul 2010030872.554.74$1,459
Jun 2010090670.364.91$4,449
May 2010064171.124.24$2,715
Apr 2010029981.694.12$1,233
Mar 2010031278.394.39$1,369
Feb 2010034773.585.44$1,889
Jan 2010031574.365.96$1,879
Dec 2009031171.445.48$1,705
Nov 2009028974.593.75$1,084
Oct 2009027472.544.11$1,126
Sep 2009035065.543.06$1,073
Aug 2009026267.423.22$843
Jul 2009024161.133.46$835
Jun 2009021666.163.90$841
May 2009026554.743.93$1,040
Apr 2009023946.773.59$857
Mar 2009028742.144.06$1,165
Feb 2009024032.814.63$1,112
Jan 2009022635.865.37$1,214
Dec 2008023837.105.98$1,423
Nov 2008020655.496.86$1,413
Oct 2008024075.246.92$1,661
Sep 20080356101.767.88$2,804
Aug 20080227114.228.48$1,926
Jul 20080201131.0811.39$2,289
Jun 20080218131.3313.03$2,841
May 20080201123.1711.57$2,326
Apr 20080180110.3110.45$1,882
Mar 20080229101.909.66$2,213
Feb 2008022492.538.77$1,965
Jan 2008031590.388.21$2,585
Dec 2007033088.337.30$2,410
Nov 2007032791.677.29$2,384
Oct 2007033382.856.92$2,305
Sep 2007030875.846.24$1,923
Aug 2007037869.066.39$2,415
Jul 2007037770.906.39$2,408
Jun 2007038362.007.55$2,891
May 2007036958.747.85$2,895
Apr 2007039559.617.81$3,083
Mar 2007044256.927.30$3,227
Feb 2007041155.108.22$3,377
Jan 2007035250.306.73$2,368
Dec 2006032056.656.92$2,214
Nov 2006036254.207.62$2,758
Oct 2006035854.906.01$2,153
Sep 2006037660.085.04$1,894
Aug 2006030068.717.34$2,202
Jul 2006038969.376.34$2,467
Jun 2006035566.286.38$2,266
May 2006039466.016.42$2,531
Apr 2006036864.397.36$2,709
Mar 2006042756.707.08$3,024
Feb 2006036657.597.75$2,837
Jan 2006027260.598.93$2,430
Dec 2005065754.9413.42$8,814
Nov 2005066754.6910.59$7,062
Oct 2005048958.3413.80$6,746
Sep 2005048061.4512.08$5,798
Aug 2005056961.519.80$5,574
Jul 2005055055.697.84$4,314
Jun 2005054752.337.38$4,037
May 2005057145.226.65$3,798
Apr 2005060449.207.36$4,446
Mar 2005075850.377.15$5,423
Feb 2005062945.226.31$3,970
Jan 2005083643.166.32$5,285
Dec 2004082939.866.75$5,597
Nov 2004067145.286.33$4,248
Oct 2004059849.706.52$3,896
Sep 2004091043.245.28$4,808
Aug 200401,00842.375.55$5,595
Jul 2004088038.286.08$5,354
Jun 2004084436.106.43$5,429
May 2004091037.486.49$5,910
Apr 2004096734.475.86$5,665
Mar 200401,02034.365.53$5,641
Feb 200401,05032.455.51$5,785
Jan 200401,22132.036.30$7,692
Dec 200301,00130.266.30$6,308
Nov 200301,18928.804.60$5,464
Oct 200301,34528.174.76$6,402
Sep 200301,58226.314.75$7,513
Aug 200301,65429.765.13$8,485
Jul 200302,42229.415.17$12,524
Jun 200303,27428.565.98$19,588
May 200301,80526.595.97$10,781
Apr 200302,71626.675.41$14,686
Mar 200305,82831.146.10$35,528
Feb 200302,17233.487.93$17,215

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             2 bbl  × $ 45.35 =        $91
Gas                   59 Mcf  × $  2.69 =       $158

────────────────────────────────────────────────────
Month total                                     $249

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/193700 is the state's own key, not one this site invented.