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 226960District 04Field 355665002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.2 M
Apr 2007 – Sep 2021
Value, last 12 filed months
$0
at the published price for each month
Months reported
174
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 Gas112007-07-09178675
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
CondensateDisposition123 bbl$9,916
GasProduction207,329 Mcf$1,162,558
Total$1,172,474

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 28.0577, -99.8767. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.05770, -99.87666 · 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
5,500 ft
1 wells filed one
Completion to plug
14.4 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 5,500 ft.

Completions filed
Apr 2007
1 of 1 wells
Plug dates filed
Sep 2021
1 of 1 wells

Last completion to plug: a median of 14.4 years across the 1 well that filed both dates, with the middle half between 14.4 years and 14.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793946112215,500 ftApr 2007Sep 2021Yes

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 (174)

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

174 months

Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
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 2016622245.352.69$868
May 2016059642.521.99$1,187
Apr 2016067736.561.99$1,348
Mar 2016073133.011.79$1,311
Feb 2016081426.472.06$1,680
Jan 2016085627.352.36$2,024
Dec 201561,03732.362.00$2,270
Nov 2015096138.792.17$2,083
Oct 201501,01743.552.43$2,468
Sep 201501,01742.992.76$2,805
Aug 201501,11040.162.87$3,188
Jul 2015699548.152.95$3,219
Jun 201501,08656.152.88$3,131
May 2015044155.212.96$1,303
Apr 201501,26149.822.71$3,413
Mar 201581,44542.892.93$4,584
Feb 201501,23944.662.98$3,688
Jan 201561,09343.433.10$3,650
Dec 201401,36454.693.59$4,899
Nov 201401,01070.464.25$4,294
Oct 2014491778.303.90$3,890
Sep 2014076286.164.05$3,083
Aug 2014081889.394.04$3,301
Jul 2014482396.564.18$3,826
Jun 2014078598.164.74$3,718
May 2014087394.734.73$4,126
Apr 2014486195.944.81$4,524
Mar 2014093895.895.06$4,743
Feb 2014493697.406.19$6,185
Jan 201401,06890.404.86$5,191
Dec 2013497191.824.35$4,595
Nov 2013085788.853.74$3,204
Oct 2013484597.423.78$3,583
Sep 201341,148104.113.72$4,684
Aug 201301,257104.253.52$4,428
Jul 201301,340102.523.72$4,982
Jun 201301,18894.403.93$4,673
May 201341,09594.834.15$4,923
Apr 201301,03393.964.28$4,424
Mar 201341,04593.623.91$4,463
Feb 2013094691.233.42$3,235
Jan 201341,09391.603.42$4,104
Dec 201201,12586.773.42$3,848
Nov 201251,05886.953.62$4,270
Oct 201201,18489.383.40$4,025
Sep 2012097894.672.92$2,854
Aug 2012499092.662.91$3,250
Jul 201221,01485.133.02$3,233
Jun 201201,00679.822.52$2,534
May 201241,02491.612.49$2,914
Apr 201201,054101.652.00$2,105
Mar 201261,142105.052.22$3,168
Feb 201202,070101.102.57$5,320
Jan 201241,10198.092.73$3,403
Dec 2011793196.873.24$3,694
Nov 201161,97995.723.31$7,127
Oct 201101,91884.983.65$6,998
Sep 201101,40583.623.99$5,600
Aug 201141,44783.404.15$6,338
Jul 201111,53594.144.52$7,028
Jun 201131,76292.904.64$8,454
May 201142,19998.134.40$10,079
Apr 201102,086105.964.33$9,039
Mar 201101,94796.364.06$7,900
Feb 201101,67785.644.18$7,010
Jan 201102,18086.504.59$10,004
Dec 201001,08085.734.35$4,696
Nov 201001,77080.843.80$6,718
Oct 201001,29878.103.51$4,555
Sep 2010067972.633.98$2,702
Aug 201001,58273.684.42$6,991
Jul 201001,37072.554.74$6,489
Jun 201001,78570.364.91$8,765
May 201001,67171.124.24$7,077
Apr 201001,29981.694.12$5,355
Mar 201001,31078.394.39$5,749
Feb 201001,80373.585.44$9,813
Jan 201011,97074.365.96$11,824
Dec 200902,13071.445.48$11,680
Nov 200901,88674.593.75$7,075
Oct 200901,74772.544.11$7,181
Sep 200902,60165.543.06$7,971
Aug 200901,72967.423.22$5,565
Jul 200901,77361.133.46$6,143
Jun 2009080066.163.90$3,116
May 200901,68354.743.93$6,607
Apr 200901,88146.773.59$6,748
Mar 200901,87542.144.06$7,611
Feb 200902,10932.814.63$9,771
Jan 200902,48935.865.37$13,368
Dec 200802,12937.105.98$12,725
Nov 200802,16955.496.86$14,880
Oct 200802,61775.246.92$18,115
Sep 200802,527101.767.88$19,905
Aug 200802,403114.228.48$20,385
Jul 200802,305131.0811.39$26,253
Jun 200802,379131.3313.03$31,005
May 200803,062123.1711.57$35,440
Apr 200803,538110.3110.45$36,989
Mar 200804,063101.909.66$39,265
Feb 200803,15992.538.77$27,706
Jan 200804,20790.388.21$34,522
Dec 200703,92688.337.30$28,668
Nov 200704,99291.677.29$36,400
Oct 200705,89582.856.92$40,805
Sep 200705,64275.846.24$35,230
Aug 200706,40669.066.39$40,921
Jul 200708,25870.906.39$52,752
Jun 200709,24362.007.55$69,770
May 2007012,20858.747.85$95,787
Apr 2007049859.617.81$3,887

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             6 bbl  × $ 45.35 =       $272
Gas                  222 Mcf  × $  2.69 =       $596

────────────────────────────────────────────────────
Month total                                     $868

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/226960 is the state's own key, not one this site invented.