PETTY RANCH

Name: PETTY RANCH lease production and value, Nov 2004 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 206973District 04Field 355665002 tax incentive programmesCondensateGasSave Export

Value, all time

$990 k

Nov 2004 – Jul 2018

Value, last 12 filed months

at the published price for each month

Months reported

165

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	2005-08-01	161688
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	60 bbl	$4,176
Gas	Production	156,286 Mcf	$986,073
Total			$990,249

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 28.0948, -99.8286. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.09476, -99.82862 · 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

5,650 ft

1 wells filed one

Completion to plug

13.7 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 5,650 ft.

Completions filed

Nov 2004

1 of 1 wells

Plug dates filed

Jul 2018

1 of 1 wells

Last completion to plug: a median of 13.7 years across the 1 well that filed both dates, with the middle half between 13.7 years and 13.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47938846	601	5,650 ft	Nov 2004	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 (165)

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

165 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	86	45.35	2.69	$458
May 2016	0	495	42.52	1.99	$986
Apr 2016	0	578	36.56	1.99	$1,151
Mar 2016	5	468	33.01	1.79	$1,005
Feb 2016	0	460	26.47	2.06	$949
Jan 2016	0	502	27.35	2.36	$1,187
Dec 2015	0	603	32.36	2.00	$1,207
Nov 2015	0	568	38.79	2.17	$1,231
Oct 2015	0	716	43.55	2.43	$1,737
Sep 2015	0	680	42.99	2.76	$1,876
Aug 2015	5	646	40.16	2.87	$2,056
Jul 2015	0	686	48.15	2.95	$2,020
Jun 2015	0	788	56.15	2.88	$2,272
May 2015	0	784	55.21	2.96	$2,317
Apr 2015	0	603	49.82	2.71	$1,632
Mar 2015	0	669	42.89	2.93	$1,963
Feb 2015	5	722	44.66	2.98	$2,372
Jan 2015	7	681	43.43	3.10	$2,416
Dec 2014	0	836	54.69	3.59	$3,002
Nov 2014	0	815	70.46	4.25	$3,465
Oct 2014	0	738	78.30	3.90	$2,879
Sep 2014	0	650	86.16	4.05	$2,630
Aug 2014	5	872	89.39	4.04	$3,966
Jul 2014	0	652	96.56	4.18	$2,725
Jun 2014	0	608	98.16	4.74	$2,880
May 2014	0	800	94.73	4.73	$3,781
Apr 2014	4	751	95.94	4.81	$3,995
Mar 2014	0	672	95.89	5.06	$3,398
Feb 2014	5	728	97.40	6.19	$4,995
Jan 2014	0	671	90.40	4.86	$3,262
Dec 2013	4	837	91.82	4.35	$4,012
Nov 2013	0	895	88.85	3.74	$3,346
Oct 2013	0	766	97.42	3.78	$2,895
Sep 2013	0	650	104.11	3.72	$2,417
Aug 2013	0	822	104.25	3.52	$2,896
Jul 2013	0	802	102.52	3.72	$2,982
Jun 2013	0	700	94.40	3.93	$2,753
May 2013	0	699	94.83	4.15	$2,900
Apr 2013	0	659	93.96	4.28	$2,822
Mar 2013	0	681	93.62	3.91	$2,665
Feb 2013	4	698	91.23	3.42	$2,752
Jan 2013	0	807	91.60	3.42	$2,760
Dec 2012	0	846	86.77	3.42	$2,893
Nov 2012	0	860	86.95	3.62	$3,117
Oct 2012	4	941	89.38	3.40	$3,557
Sep 2012	0	687	94.67	2.92	$2,005
Aug 2012	0	596	92.66	2.91	$1,733
Jul 2012	0	626	85.13	3.02	$1,891
Jun 2012	0	602	79.82	2.52	$1,516
May 2012	0	588	91.61	2.49	$1,463
Apr 2012	0	705	101.65	2.00	$1,408
Mar 2012	3	784	105.05	2.22	$2,057
Feb 2012	0	409	101.10	2.57	$1,051
Jan 2012	0	390	98.09	2.73	$1,066
Dec 2011	0	323	96.87	3.24	$1,046
Nov 2011	1	317	95.72	3.31	$1,145
Oct 2011	0	274	84.98	3.65	$1,000
Sep 2011	0	620	83.62	3.99	$2,471
Aug 2011	0	733	83.40	4.15	$3,041
Jul 2011	0	415	94.14	4.52	$1,875
Jun 2011	0	805	92.90	4.64	$3,735
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	361	105.96	4.33	$1,564
Mar 2011	1	662	96.36	4.06	$2,782
Feb 2011	0	267	85.64	4.18	$1,116
Jan 2011	0	489	86.50	4.59	$2,244
Dec 2010	0	367	85.73	4.35	$1,596
Nov 2010	0	475	80.84	3.80	$1,803
Oct 2010	0	634	78.10	3.51	$2,225
Sep 2010	0	384	72.63	3.98	$1,528
Aug 2010	0	744	73.68	4.42	$3,288
Jul 2010	0	801	72.55	4.74	$3,794
Jun 2010	1	714	70.36	4.91	$3,576
May 2010	1	590	71.12	4.24	$2,570
Apr 2010	0	265	81.69	4.12	$1,093
Mar 2010	0	137	78.39	4.39	$601
Feb 2010	0	371	73.58	5.44	$2,019
Jan 2010	0	614	74.36	5.96	$3,662
Dec 2009	0	581	71.44	5.48	$3,186
Nov 2009	0	446	74.59	3.75	$1,673
Oct 2009	0	419	72.54	4.11	$1,722
Sep 2009	0	454	65.54	3.06	$1,391
Aug 2009	0	454	67.42	3.22	$1,461
Jul 2009	0	490	61.13	3.46	$1,698
Jun 2009	0	533	66.16	3.90	$2,076
May 2009	0	673	54.74	3.93	$2,642
Apr 2009	0	495	46.77	3.59	$1,776
Mar 2009	0	548	42.14	4.06	$2,224
Feb 2009	0	547	32.81	4.63	$2,534
Jan 2009	0	771	35.86	5.37	$4,141
Dec 2008	0	771	37.10	5.98	$4,608
Nov 2008	0	434	55.49	6.86	$2,977
Oct 2008	0	522	75.24	6.92	$3,613
Sep 2008	0	525	101.76	7.88	$4,135
Aug 2008	0	565	114.22	8.48	$4,793
Jul 2008	0	646	131.08	11.39	$7,358
Jun 2008	0	713	131.33	13.03	$9,292
May 2008	0	737	123.17	11.57	$8,530
Apr 2008	0	685	110.31	10.45	$7,162
Mar 2008	0	813	101.90	9.66	$7,857
Feb 2008	0	1,083	92.53	8.77	$9,499
Jan 2008	0	988	90.38	8.21	$8,107
Dec 2007	0	1,020	88.33	7.30	$7,448
Nov 2007	0	1,070	91.67	7.29	$7,802
Oct 2007	0	963	82.85	6.92	$6,666
Sep 2007	0	874	75.84	6.24	$5,457
Aug 2007	0	1,118	69.06	6.39	$7,142
Jul 2007	0	642	70.90	6.39	$4,101
Jun 2007	0	621	62.00	7.55	$4,688
May 2007	0	1,043	58.74	7.85	$8,184
Apr 2007	0	2,670	59.61	7.81	$20,840
Mar 2007	0	2,941	56.92	7.30	$21,475
Feb 2007	0	2,518	55.10	8.22	$20,688
Jan 2007	0	2,228	50.30	6.73	$14,987
Dec 2006	0	2,683	56.65	6.92	$18,562
Nov 2006	0	2,710	54.20	7.62	$20,643
Oct 2006	0	2,206	54.90	6.01	$13,266
Sep 2006	0	2,442	60.08	5.04	$12,301
Aug 2006	0	2,309	68.71	7.34	$16,948
Jul 2006	0	2,136	69.37	6.34	$13,548
Jun 2006	0	2,459	66.28	6.38	$15,698
May 2006	0	2,599	66.01	6.42	$16,699
Apr 2006	0	2,615	64.39	7.36	$19,248
Mar 2006	0	2,564	56.70	7.08	$18,161
Feb 2006	0	2,409	57.59	7.75	$18,672
Jan 2006	0	2,593	60.59	8.93	$23,164
Dec 2005	0	2,625	54.94	13.42	$35,215
Nov 2005	0	2,353	54.69	10.59	$24,915
Oct 2005	0	2,072	58.34	13.80	$28,585
Sep 2005	0	2,251	61.45	12.08	$27,190
Aug 2005	0	2,210	61.51	9.80	$21,651
Jul 2005	0	2,790	55.69	7.84	$21,884
Jun 2005	0	2,453	52.33	7.38	$18,106
May 2005	0	2,775	45.22	6.65	$18,457
Apr 2005	0	2,561	49.20	7.36	$18,850
Mar 2005	0	2,766	50.37	7.15	$19,790
Feb 2005	0	4,243	45.22	6.31	$26,781
Jan 2005	0	5,383	43.16	6.32	$34,032
Dec 2004	0	5,616	39.86	6.75	$37,914
Nov 2004	0	5,922	45.28	6.33	$37,489

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                   86 Mcf  × $  2.69 =       $231

────────────────────────────────────────────────────
Month total                                     $458

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/206973 is the state's own key, not one this site invented.