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 241748District 04Field 355665002 tax incentive programmesCondensateGasSaveExport
Value, all time
$549 k
Jul 2007 – Aug 2018
Value, last 12 filed months
$0
at the published price for each month
Months reported
134
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 Gas112008-12-17187497
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
CondensateDisposition52 bbl$3,856
GasProduction97,580 Mcf$545,405
Total$549,262

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 28.0939, -99.8648. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.09390, -99.86483 · 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
5,645 ft
1 wells filed one
Completion to plug
11.1 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 5,645 ft.

Completions filed
Jul 2007
1 of 1 wells
Plug dates filed
Aug 2018
1 of 1 wells

Last completion to plug: a median of 11.1 years across the 1 well that filed both dates, with the middle half between 11.1 years and 11.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793985270135,645 ftJul 2007Aug 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 (134)

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

134 months

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 2016310445.352.69$415
May 2016052242.521.99$1,039
Apr 2016054936.561.99$1,093
Mar 2016338033.011.79$781
Feb 2016022126.472.06$456
Jan 2016034527.352.36$816
Dec 2015042032.362.00$841
Nov 2015040638.792.17$880
Oct 2015036943.552.43$895
Sep 2015032642.992.76$899
Aug 2015341940.162.87$1,324
Jul 2015043548.152.95$1,281
Jun 2015060456.152.88$1,741
May 2015048855.212.96$1,442
Apr 2015035149.822.71$950
Mar 2015038842.892.93$1,139
Feb 2015442444.662.98$1,441
Jan 2015763943.433.10$2,285
Dec 2014064954.693.59$2,331
Nov 2014046970.464.25$1,994
Oct 2014069178.303.90$2,696
Sep 2014065186.164.05$2,634
Aug 2014597489.394.04$4,377
Jul 2014075496.564.18$3,151
Jun 2014071698.164.74$3,392
May 2014082994.734.73$3,918
Apr 2014580695.944.81$4,356
Mar 2014081495.895.06$4,116
Feb 2014470497.406.19$4,749
Jan 2014074390.404.86$3,612
Dec 2013487391.824.35$4,169
Nov 2013072788.853.74$2,718
Oct 2013069897.423.78$2,638
Sep 20130720104.113.72$2,677
Aug 20130847104.253.52$2,984
Jul 20130879102.523.72$3,268
Jun 2013088594.403.93$3,481
May 2013096694.834.15$4,008
Apr 2013087693.964.28$3,752
Mar 2013094393.623.91$3,690
Feb 2013484591.233.42$3,255
Jan 2013096291.603.42$3,290
Dec 2012095886.773.42$3,277
Nov 2012090586.953.62$3,281
Oct 2012485189.383.40$3,251
Sep 2012075394.672.92$2,198
Aug 2012090692.662.91$2,635
Jul 2012085385.133.02$2,577
Jun 2012088579.822.52$2,229
May 2012073791.612.49$1,834
Apr 20120571101.652.00$1,140
Mar 20124851105.052.22$2,311
Feb 20120288101.102.57$740
Jan 2012030998.092.73$845
Dec 2011034096.873.24$1,102
Nov 2011151595.723.31$1,801
Oct 2011057384.983.65$2,091
Sep 2011077983.623.99$3,105
Aug 2011034583.404.15$1,432
Jul 2011037794.144.52$1,703
Jun 2011075692.904.64$3,508
May 2011088198.134.40$3,881
Apr 20110429105.964.33$1,859
Mar 2011153696.364.06$2,271
Feb 2011027385.644.18$1,141
Jan 2011033186.504.59$1,519
Dec 2010028185.734.35$1,222
Nov 2010033880.843.80$1,283
Oct 2010030378.103.51$1,063
Sep 2010027372.633.98$1,086
Aug 2010044373.684.42$1,958
Jul 2010051172.554.74$2,420
Jun 2010043470.364.91$2,131
May 2010088571.124.24$3,748
Apr 201001,33981.694.12$5,520
Mar 201001,40178.394.39$6,149
Feb 2010084173.585.44$4,577
Jan 2010091274.365.96$5,439
Dec 2009086471.445.48$4,738
Nov 2009076674.593.75$2,874
Oct 2009039972.544.11$1,640
Sep 2009049965.543.06$1,529
Aug 2009061067.423.22$1,963
Jul 200901,15161.133.46$3,988
Jun 2009099066.163.90$3,856
May 2009075254.743.93$2,952
Apr 2009078646.773.59$2,820
Mar 2009075942.144.06$3,081
Feb 2009055132.814.63$2,553
Jan 2009044535.865.37$2,390
Dec 200801,04037.105.98$6,216
Nov 2008080555.496.86$5,523
Oct 200801,03875.246.92$7,185
Sep 200801,064101.767.88$8,381
Aug 20080846114.228.48$7,177
Jul 20080652131.0811.39$7,426
Jun 200802,634131.3313.03$34,328
May 200802,375123.1711.57$27,489
Apr 200802,224110.3110.45$23,252
Mar 200802,608101.909.66$25,204
Feb 200801,71192.538.77$15,006
Jan 200802,54490.388.21$20,875
Dec 200702,96088.337.30$21,614
Nov 200704,91191.677.29$35,810
Oct 200705,53182.856.92$38,285
Sep 200706,46675.846.24$40,375
Aug 2007018969.066.39$1,207
Jul 200703670.906.39$230

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                  104 Mcf  × $  2.69 =       $279

────────────────────────────────────────────────────
Month total                                     $415

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/241748 is the state's own key, not one this site invented.