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 217457District 04Field 355665002 tax incentive programmesCondensateGasSaveExport
Value, all time
$721 k
Feb 2006 – Jul 2018
Value, last 12 filed months
$0
at the published price for each month
Months reported
150
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 Gas112006-08-25169671
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$4,626
GasProduction130,816 Mcf$715,935
Total$720,561

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 28.1101, -99.8274. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.11013, -99.82743 · 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
5,525 ft
1 wells filed one
Completion to plug
12.4 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 5,525 ft.

Completions filed
Feb 2006
1 of 1 wells
Plug dates filed
Jul 2018
1 of 1 wells

Last completion to plug: a median of 12.4 years across the 1 well that filed both dates, with the middle half between 12.4 years and 12.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-479393767025,525 ftFeb 2006Jul 2018Yes

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 (150)

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

150 months

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 201638945.352.69$375
May 2016042842.521.99$852
Apr 2016052836.561.99$1,051
Mar 2016447733.011.79$988
Feb 2016038326.472.06$790
Jan 2016034927.352.36$825
Dec 2015045432.362.00$909
Nov 2015054438.792.17$1,179
Oct 2015064043.552.43$1,553
Sep 2015063542.992.76$1,752
Aug 2015564340.162.87$2,048
Jul 2015070548.152.95$2,076
Jun 2015079956.152.88$2,303
May 2015060755.212.96$1,794
Apr 2015059449.822.71$1,608
Mar 2015065542.892.93$1,922
Feb 2015571844.662.98$2,360
Jan 2015768943.433.10$2,440
Dec 2014082754.693.59$2,970
Nov 2014073770.464.25$3,134
Oct 2014053878.303.90$2,099
Sep 2014062186.164.05$2,512
Aug 2014584789.394.04$3,865
Jul 2014065296.564.18$2,725
Jun 2014057798.164.74$2,733
May 2014065194.734.73$3,077
Apr 2014455695.944.81$3,058
Mar 2014068295.895.06$3,449
Feb 2014470397.406.19$4,743
Jan 2014066590.404.86$3,232
Dec 2013478891.824.35$3,799
Nov 2013077288.853.74$2,886
Oct 2013063697.423.78$2,404
Sep 20130630104.113.72$2,342
Aug 20130818104.253.52$2,881
Jul 20130826102.523.72$3,071
Jun 2013071694.403.93$2,816
May 2013068194.834.15$2,826
Apr 2013066493.964.28$2,844
Mar 2013069393.623.91$2,712
Feb 2013470091.233.42$2,759
Jan 2013080291.603.42$2,743
Dec 2012084986.773.42$2,904
Nov 2012086186.953.62$3,121
Oct 2012389289.383.40$3,301
Sep 2012069194.672.92$2,017
Aug 2012060592.662.91$1,759
Jul 2012057185.133.02$1,725
Jun 2012053779.822.52$1,353
May 2012057091.612.49$1,418
Apr 20120691101.652.00$1,380
Mar 20123625105.052.22$1,704
Feb 20120762101.102.57$1,959
Jan 2012073498.092.73$2,007
Dec 2011069296.873.24$2,242
Nov 2011682895.723.31$3,316
Oct 2011098384.983.65$3,587
Sep 2011082183.623.99$3,272
Aug 2011092683.404.15$3,842
Jul 2011079894.144.52$3,605
Jun 2011080892.904.64$3,749
May 20110098.134.40$0
Apr 20110515105.964.33$2,232
Mar 2011185296.364.06$3,553
Feb 2011055785.644.18$2,328
Jan 2011078186.504.59$3,584
Dec 2010075185.734.35$3,265
Nov 201001,09680.843.80$4,160
Oct 201001,22778.103.51$4,305
Sep 2010076572.633.98$3,044
Aug 2010095173.684.42$4,203
Jul 2010094772.554.74$4,485
Jun 201051,40470.364.91$7,246
May 201011,42871.124.24$6,119
Apr 2010093381.694.12$3,846
Mar 2010085778.394.39$3,761
Feb 2010080373.585.44$4,370
Jan 201001,13074.365.96$6,739
Dec 200901,19871.445.48$6,570
Nov 2009079574.593.75$2,982
Oct 2009076772.544.11$3,153
Sep 2009091565.543.06$2,804
Aug 2009091067.423.22$2,929
Jul 200901,09961.133.46$3,807
Jun 2009093266.163.90$3,630
May 200901,05254.743.93$4,130
Apr 200901,02746.773.59$3,684
Mar 2009084042.144.06$3,410
Feb 2009094932.814.63$4,397
Jan 2009090535.865.37$4,861
Dec 2008095437.105.98$5,702
Nov 2008078655.496.86$5,392
Oct 200801,03075.246.92$7,130
Sep 20080868101.767.88$6,837
Aug 20080905114.228.48$7,677
Jul 20080892131.0811.39$10,159
Jun 20080638131.3313.03$8,315
May 20080801123.1711.57$9,271
Apr 20080791110.3110.45$8,270
Mar 20080863101.909.66$8,340
Feb 2008083992.538.77$7,359
Jan 200801,11890.388.21$9,174
Dec 2007095788.337.30$6,988
Nov 2007097491.677.29$7,102
Oct 2007084082.856.92$5,814
Sep 2007073775.846.24$4,602
Aug 2007087769.066.39$5,602
Jul 2007094370.906.39$6,024
Jun 200701,20662.007.55$9,103
May 200701,14758.747.85$9,000
Apr 200701,41059.617.81$11,005
Mar 200702,04156.927.30$14,903
Feb 200701,02855.108.22$8,446
Jan 200702,13150.306.73$14,335
Dec 200603,00356.656.92$20,776
Nov 200603,33254.207.62$25,381
Oct 200602,39754.906.01$14,415
Sep 200601,96360.085.04$9,888
Aug 200603,21068.717.34$23,561
Jul 200604,44569.376.34$28,194
Jun 200603,72566.286.38$23,780
May 200603,91766.016.42$25,167
Apr 200604,57264.397.36$33,652
Mar 200606,22556.707.08$44,091
Feb 200601,90257.597.75$14,743

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                   89 Mcf  × $  2.69 =       $239

────────────────────────────────────────────────────
Month total                                     $375

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/217457 is the state's own key, not one this site invented.