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 206971District 04Field 355665002 tax incentive programmesCondensateGasSaveExport
Value, all time
$157 k
Nov 2004 – Sep 2016
Value, last 12 filed months
$0
at the published price for each month
Months reported
143
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 Gas112005-10-05161687
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
CondensateDisposition1 bbl$74
GasProduction22,368 Mcf$157,149
Total$157,223

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 28.0634, -99.8625. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.06343, -99.86249 · 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
5,561 ft
1 wells filed one
Completion to plug
11.8 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 5,561 ft.

Completions filed
Nov 2004
1 of 1 wells
Plug dates filed
Sep 2016
1 of 1 wells

Last completion to plug: a median of 11.8 years across the 1 well that filed both dates, with the middle half between 11.8 years and 11.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793884912205,561 ftNov 2004Sep 2016Yes

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 (143)

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

143 months

Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 201004785.734.35$204
Nov 20100080.843.80$0
Oct 201007278.103.51$253
Sep 201003472.633.98$135
Aug 20100073.684.42$0
Jul 201006372.554.74$298
Jun 201009070.364.91$442
May 2010014271.124.24$601
Apr 2010012381.694.12$507
Mar 2010012878.394.39$562
Feb 201009073.585.44$490
Jan 201019274.365.96$623
Dec 2009010671.445.48$581
Nov 20090874.593.75$30
Oct 200901072.544.11$41
Sep 20090065.543.06$0
Aug 200906067.423.22$193
Jul 200908861.133.46$305
Jun 200909966.163.90$386
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 2009010242.144.06$414
Feb 20090632.814.63$28
Jan 200905235.865.37$279
Dec 2008010837.105.98$646
Nov 2008014755.496.86$1,008
Oct 200808475.246.92$581
Sep 20080152101.767.88$1,197
Aug 2008027114.228.48$229
Jul 200800131.0811.39$0
Jun 200804131.3313.03$52
May 200804123.1711.57$46
Apr 200808110.3110.45$84
Mar 2008051101.909.66$493
Feb 200807292.538.77$631
Jan 200805890.388.21$476
Dec 2007025888.337.30$1,884
Nov 2007024391.677.29$1,772
Oct 2007017582.856.92$1,211
Sep 2007024175.846.24$1,505
Aug 2007037869.066.39$2,415
Jul 200707670.906.39$485
Jun 200707462.007.55$559
May 200704258.747.85$330
Apr 2007020759.617.81$1,616
Mar 2007023956.927.30$1,745
Feb 2007023955.108.22$1,964
Jan 2007033250.306.73$2,233
Dec 2006026056.656.92$1,799
Nov 2006028154.207.62$2,141
Oct 2006035854.906.01$2,153
Sep 2006023060.085.04$1,159
Aug 2006023068.717.34$1,688
Jul 2006017369.376.34$1,097
Jun 2006026166.286.38$1,666
May 2006029666.016.42$1,902
Apr 2006025264.397.36$1,855
Mar 2006032656.707.08$2,309
Feb 2006080257.597.75$6,216
Jan 2006027260.598.93$2,430
Dec 2005025554.9413.42$3,421
Nov 2005011154.6910.59$1,175
Oct 2005014958.3413.80$2,056
Sep 2005042261.4512.08$5,097
Aug 2005042161.519.80$4,124
Jul 2005084255.697.84$6,604
Jun 2005067252.337.38$4,960
May 2005087145.226.65$5,793
Apr 200501,00749.207.36$7,412
Mar 200501,16350.377.15$8,321
Feb 200501,00345.226.31$6,331
Jan 200502,01643.166.32$12,746
Dec 200402,79539.866.75$18,869
Nov 200402,26945.286.33$14,364

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 2010 — as filed, then multipliedworked
Condensate             0 bbl  × $ 85.73 =         $0
Gas                   47 Mcf  × $  4.35 =       $204

────────────────────────────────────────────────────
Month total                                     $204

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/206971 is the state's own key, not one this site invented.