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 207861District 04Field 355665002 tax incentive programmesCondensateGasSave Export

Value, all time

$887 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	2005-06-17	162114
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	56 bbl	$3,925
Gas	Production	142,203 Mcf	$883,546
Total			$887,470

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 28.0996, -99.8397. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.09963, -99.83972 · 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

5,555 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 5,555 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


42-47938862	701	5,555 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	3	93	45.35	2.69	$386
May 2016	0	487	42.52	1.99	$970
Apr 2016	0	487	36.56	1.99	$970
Mar 2016	5	408	33.01	1.79	$897
Feb 2016	0	387	26.47	2.06	$799
Jan 2016	0	394	27.35	2.36	$932
Dec 2015	0	479	32.36	2.00	$959
Nov 2015	0	590	38.79	2.17	$1,279
Oct 2015	0	706	43.55	2.43	$1,713
Sep 2015	0	672	42.99	2.76	$1,854
Aug 2015	5	711	40.16	2.87	$2,243
Jul 2015	0	692	48.15	2.95	$2,038
Jun 2015	0	762	56.15	2.88	$2,197
May 2015	0	170	55.21	2.96	$502
Apr 2015	0	594	49.82	2.71	$1,608
Mar 2015	0	681	42.89	2.93	$1,999
Feb 2015	5	726	44.66	2.98	$2,384
Jan 2015	7	668	43.43	3.10	$2,375
Dec 2014	0	825	54.69	3.59	$2,963
Nov 2014	0	793	70.46	4.25	$3,372
Oct 2014	0	732	78.30	3.90	$2,856
Sep 2014	0	642	86.16	4.05	$2,597
Aug 2014	4	785	89.39	4.04	$3,525
Jul 2014	0	513	96.56	4.18	$2,144
Jun 2014	0	453	98.16	4.74	$2,146
May 2014	0	632	94.73	4.73	$2,987
Apr 2014	4	609	95.94	4.81	$3,313
Mar 2014	0	655	95.89	5.06	$3,312
Feb 2014	5	734	97.40	6.19	$5,032
Jan 2014	0	682	90.40	4.86	$3,315
Dec 2013	4	846	91.82	4.35	$4,051
Nov 2013	0	828	88.85	3.74	$3,095
Oct 2013	0	721	97.42	3.78	$2,725
Sep 2013	0	668	104.11	3.72	$2,483
Aug 2013	0	816	104.25	3.52	$2,874
Jul 2013	0	753	102.52	3.72	$2,799
Jun 2013	0	641	94.40	3.93	$2,521
May 2013	0	707	94.83	4.15	$2,933
Apr 2013	0	679	93.96	4.28	$2,908
Mar 2013	0	704	93.62	3.91	$2,755
Feb 2013	4	714	91.23	3.42	$2,807
Jan 2013	0	804	91.60	3.42	$2,750
Dec 2012	0	845	86.77	3.42	$2,890
Nov 2012	0	863	86.95	3.62	$3,128
Oct 2012	4	864	89.38	3.40	$3,295
Sep 2012	0	700	94.67	2.92	$2,043
Aug 2012	0	677	92.66	2.91	$1,969
Jul 2012	0	643	85.13	3.02	$1,942
Jun 2012	0	688	79.82	2.52	$1,733
May 2012	0	779	91.61	2.49	$1,938
Apr 2012	0	878	101.65	2.00	$1,753
Mar 2012	3	802	105.05	2.22	$2,097
Feb 2012	0	454	101.10	2.57	$1,167
Jan 2012	0	572	98.09	2.73	$1,564
Dec 2011	0	300	96.87	3.24	$972
Nov 2011	1	397	95.72	3.31	$1,410
Oct 2011	0	434	84.98	3.65	$1,583
Sep 2011	0	786	83.62	3.99	$3,133
Aug 2011	0	365	83.40	4.15	$1,515
Jul 2011	0	355	94.14	4.52	$1,604
Jun 2011	0	817	92.90	4.64	$3,791
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	396	105.96	4.33	$1,716
Mar 2011	1	661	96.36	4.06	$2,778
Feb 2011	0	275	85.64	4.18	$1,149
Jan 2011	0	341	86.50	4.59	$1,565
Dec 2010	0	283	85.73	4.35	$1,230
Nov 2010	0	673	80.84	3.80	$2,554
Oct 2010	0	618	78.10	3.51	$2,168
Sep 2010	0	766	72.63	3.98	$3,048
Aug 2010	0	216	73.68	4.42	$955
Jul 2010	0	211	72.55	4.74	$999
Jun 2010	1	459	70.36	4.91	$2,324
May 2010	0	427	71.12	4.24	$1,808
Apr 2010	0	290	81.69	4.12	$1,196
Mar 2010	0	228	78.39	4.39	$1,001
Feb 2010	0	194	73.58	5.44	$1,056
Jan 2010	0	245	74.36	5.96	$1,461
Dec 2009	0	523	71.44	5.48	$2,868
Nov 2009	0	846	74.59	3.75	$3,174
Oct 2009	0	639	72.54	4.11	$2,626
Sep 2009	0	203	65.54	3.06	$622
Aug 2009	0	146	67.42	3.22	$470
Jul 2009	0	273	61.13	3.46	$946
Jun 2009	0	438	66.16	3.90	$1,706
May 2009	0	673	54.74	3.93	$2,642
Apr 2009	0	365	46.77	3.59	$1,309
Mar 2009	0	362	42.14	4.06	$1,469
Feb 2009	0	780	32.81	4.63	$3,614
Jan 2009	0	1,303	35.86	5.37	$6,998
Dec 2008	0	827	37.10	5.98	$4,943
Nov 2008	0	526	55.49	6.86	$3,609
Oct 2008	0	880	75.24	6.92	$6,091
Sep 2008	0	858	101.76	7.88	$6,759
Aug 2008	0	857	114.22	8.48	$7,270
Jul 2008	0	624	131.08	11.39	$7,107
Jun 2008	0	616	131.33	13.03	$8,028
May 2008	0	816	123.17	11.57	$9,445
Apr 2008	0	802	110.31	10.45	$8,385
Mar 2008	0	929	101.90	9.66	$8,978
Feb 2008	0	894	92.53	8.77	$7,841
Jan 2008	0	948	90.38	8.21	$7,779
Dec 2007	0	1,139	88.33	7.30	$8,317
Nov 2007	0	896	91.67	7.29	$6,533
Oct 2007	0	1,137	82.85	6.92	$7,870
Sep 2007	0	686	75.84	6.24	$4,283
Aug 2007	0	533	69.06	6.39	$3,405
Jul 2007	0	622	70.90	6.39	$3,973
Jun 2007	0	822	62.00	7.55	$6,205
May 2007	0	921	58.74	7.85	$7,226
Apr 2007	0	1,222	59.61	7.81	$9,538
Mar 2007	0	1,140	56.92	7.30	$8,324
Feb 2007	0	1,011	55.10	8.22	$8,306
Jan 2007	0	1,407	50.30	6.73	$9,465
Dec 2006	0	1,382	56.65	6.92	$9,561
Nov 2006	0	1,244	54.20	7.62	$9,476
Oct 2006	0	1,093	54.90	6.01	$6,573
Sep 2006	0	1,607	60.08	5.04	$8,095
Aug 2006	0	1,663	68.71	7.34	$12,206
Jul 2006	0	1,856	69.37	6.34	$11,772
Jun 2006	0	1,565	66.28	6.38	$9,991
May 2006	0	1,594	66.01	6.42	$10,241
Apr 2006	0	1,685	64.39	7.36	$12,402
Mar 2006	0	1,770	56.70	7.08	$12,537
Feb 2006	0	1,657	57.59	7.75	$12,844
Jan 2006	0	1,778	60.59	8.93	$15,883
Dec 2005	0	1,932	54.94	13.42	$25,919
Nov 2005	0	1,797	54.69	10.59	$19,027
Oct 2005	0	1,897	58.34	13.80	$26,171
Sep 2005	0	2,051	61.45	12.08	$24,774
Aug 2005	0	1,965	61.51	9.80	$19,251
Jul 2005	0	2,307	55.69	7.84	$18,095
Jun 2005	0	2,540	52.33	7.38	$18,748
May 2005	0	2,927	45.22	6.65	$19,468
Apr 2005	0	4,279	49.20	7.36	$31,495
Mar 2005	0	4,703	50.37	7.15	$33,649
Feb 2005	0	6,507	45.22	6.31	$41,072
Jan 2005	0	6,920	43.16	6.32	$43,750
Dec 2004	0	9,185	39.86	6.75	$62,009
Nov 2004	0	1,490	45.28	6.33	$9,432

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             3 bbl  × $ 45.35 =       $136
Gas                   93 Mcf  × $  2.69 =       $250

────────────────────────────────────────────────────
Month total                                     $386

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/207861 is the state's own key, not one this site invented.