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 241751District 04Field 355665002 tax incentive programmesCondensateGasSaveExport
Value, all time
$320 k
Aug 2007 – Jul 2018
Value, last 12 filed months
$0
at the published price for each month
Months reported
132
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 Gas112008-12-17187496
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
CondensateDisposition28 bbl$2,206
GasProduction52,186 Mcf$317,726
Total$319,932

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 28.1088, -99.8451. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.10880, -99.84508 · 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
5,450 ft
1 wells filed one
Completion to plug
10.9 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 5,450 ft.

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

Last completion to plug: a median of 10.9 years across the 1 well that filed both dates, with the middle half between 10.9 years and 10.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793987250115,450 ftAug 2007Jul 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 (132)

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

132 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 201621245.352.69$123
May 201606942.521.99$137
Apr 201607636.561.99$151
Mar 2016214833.011.79$332
Feb 2016020526.472.06$423
Jan 2016014527.352.36$343
Dec 2015013632.362.00$272
Nov 2015013538.792.17$293
Oct 201509843.552.43$238
Sep 201506242.992.76$171
Aug 2015215440.162.87$523
Jul 2015018348.152.95$539
Jun 2015032956.152.88$948
May 2015029255.212.96$863
Apr 2015022349.822.71$604
Mar 2015017342.892.93$508
Feb 2015113644.662.98$449
Jan 2015113443.433.10$459
Dec 2014013154.693.59$470
Nov 2014013970.464.25$591
Oct 2014026378.303.90$1,026
Sep 2014027786.164.05$1,121
Aug 2014240589.394.04$1,813
Jul 2014032196.564.18$1,342
Jun 2014030698.164.74$1,449
May 2014039294.734.73$1,853
Apr 2014238795.944.81$2,053
Mar 2014039595.895.06$1,997
Feb 2014234297.406.19$2,312
Jan 2014035090.404.86$1,701
Dec 2013427491.824.35$1,560
Nov 2013026988.853.74$1,006
Oct 2013024097.423.78$907
Sep 20130177104.113.72$658
Aug 20130222104.253.52$782
Jul 20130229102.523.72$851
Jun 2013046094.403.93$1,809
May 2013071094.834.15$2,946
Apr 2013070093.964.28$2,998
Mar 2013069593.623.91$2,719
Feb 2013470291.233.42$2,766
Jan 2013080991.603.42$2,767
Dec 2012084986.773.42$2,904
Nov 2012086986.953.62$3,150
Oct 2012392889.383.40$3,423
Sep 2012069994.672.92$2,040
Aug 2012068292.662.91$1,983
Jul 2012065285.133.02$1,970
Jun 2012066779.822.52$1,680
May 2012058791.612.49$1,461
Apr 20120703101.652.00$1,404
Mar 20123636105.052.22$1,728
Feb 2012066101.102.57$170
Jan 201208998.092.73$243
Dec 201105096.873.24$162
Nov 201107195.723.31$235
Oct 201108884.983.65$321
Sep 2011060483.623.99$2,407
Aug 201109183.404.15$378
Jul 201109894.144.52$443
Jun 2011082592.904.64$3,828
May 20110098.134.40$0
Apr 2011061105.964.33$264
Mar 2011011396.364.06$458
Feb 201106885.644.18$284
Jan 201109186.504.59$418
Dec 201009585.734.35$413
Nov 2010017180.843.80$649
Oct 2010013078.103.51$456
Sep 2010010272.633.98$406
Aug 2010014673.684.42$645
Jul 2010013372.554.74$630
Jun 201001770.364.91$83
May 201004671.124.24$195
Apr 201009281.694.12$379
Mar 2010012578.394.39$549
Feb 2010014073.585.44$762
Jan 2010012374.365.96$734
Dec 200908571.445.48$466
Nov 200906874.593.75$255
Oct 200907372.544.11$300
Sep 2009013265.543.06$405
Aug 2009011367.423.22$364
Jul 2009011361.133.46$391
Jun 2009013266.163.90$514
May 2009015154.743.93$593
Apr 2009014846.773.59$531
Mar 2009016442.144.06$666
Feb 2009018132.814.63$839
Jan 2009026635.865.37$1,429
Dec 2008030537.105.98$1,823
Nov 2008063455.496.86$4,349
Oct 2008094075.246.92$6,507
Sep 20080946101.767.88$7,452
Aug 20080841114.228.48$7,134
Jul 20080759131.0811.39$8,645
Jun 200801,259131.3313.03$16,408
May 200801,654123.1711.57$19,144
Apr 200801,506110.3110.45$15,745
Mar 200802,038101.909.66$19,695
Feb 200802,06792.538.77$18,129
Jan 200802,31490.388.21$18,988
Dec 200702,34688.337.30$17,130
Nov 200702,46791.677.29$17,989
Oct 200702,67882.856.92$18,537
Sep 200703,65375.846.24$22,810
Aug 200701,34169.066.39$8,566

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             2 bbl  × $ 45.35 =        $91
Gas                   12 Mcf  × $  2.69 =        $32

────────────────────────────────────────────────────
Month total                                     $123

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/241751 is the state's own key, not one this site invented.