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 243882District 04Field 355665002 tax incentive programmesCondensateGasSaveExport
Value, all time
$681 k
Jun 2007 – Jul 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 Gas112009-02-09189403
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
CondensateDisposition87 bbl$6,341
GasProduction127,603 Mcf$675,148
Total$681,489

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 28.0954, -99.8565. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.09544, -99.85654 · 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
5,375 ft
1 wells filed one
Completion to plug
11.2 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 5,375 ft.

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

Last completion to plug: a median of 11.2 years across the 1 well that filed both dates, with the middle half between 11.2 years and 11.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793984680125,375 ftJun 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

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 2016510945.352.69$520
May 2016056442.521.99$1,123
Apr 2016061136.561.99$1,217
Mar 2016562833.011.79$1,292
Feb 2016051826.472.06$1,069
Jan 2016044427.352.36$1,050
Dec 2015050332.362.00$1,007
Nov 2015059438.792.17$1,287
Oct 2015070343.552.43$1,706
Sep 2015073142.992.76$2,016
Aug 2015779740.162.87$2,570
Jul 2015089448.152.95$2,633
Jun 201501,02856.152.88$2,964
May 201501,00755.212.96$2,976
Apr 2015077149.822.71$2,087
Mar 2015086942.892.93$2,550
Feb 2015693744.662.98$3,057
Jan 2015986743.433.10$3,079
Dec 201401,06554.693.59$3,825
Nov 2014096370.464.25$4,095
Oct 2014094578.303.90$3,686
Sep 2014084186.164.05$3,402
Aug 201461,04189.394.04$4,737
Jul 2014068996.564.18$2,880
Jun 2014060798.164.74$2,875
May 2014067694.734.73$3,195
Apr 2014460495.944.81$3,288
Mar 2014065595.895.06$3,312
Feb 2014573897.406.19$5,057
Jan 2014067790.404.86$3,291
Dec 2013484191.824.35$4,029
Nov 2013081288.853.74$3,035
Oct 2013074997.423.78$2,831
Sep 20130668104.113.72$2,483
Aug 20130853104.253.52$3,005
Jul 20130960102.523.72$3,569
Jun 2013080794.403.93$3,174
May 2013070894.834.15$2,938
Apr 2013067793.964.28$2,899
Mar 2013070093.623.91$2,739
Feb 2013471291.233.42$2,800
Jan 2013081291.603.42$2,777
Dec 2012084186.773.42$2,876
Nov 2012087186.953.62$3,157
Oct 2012492989.383.40$3,516
Sep 2012065294.672.92$1,903
Aug 2012068392.662.91$1,986
Jul 2012064485.133.02$1,945
Jun 2012069279.822.52$1,743
May 2012077391.612.49$1,923
Apr 20120923101.652.00$1,843
Mar 20125851105.052.22$2,416
Feb 20120711101.102.57$1,827
Jan 2012057598.092.73$1,572
Dec 2011057496.873.24$1,860
Nov 20111171895.723.31$3,430
Oct 2011064484.983.65$2,350
Sep 201101,04383.623.99$4,157
Aug 2011074983.404.15$3,108
Jul 2011079694.144.52$3,596
Jun 201101,31192.904.64$6,083
May 20110098.134.40$0
Apr 201116,650105.964.33$28,922
Mar 201121,16796.364.06$4,928
Feb 2011048285.644.18$2,015
Jan 2011065186.504.59$2,987
Dec 201001,53885.734.35$6,687
Nov 2010079180.843.80$3,002
Oct 201001,04278.103.51$3,656
Sep 2010080672.633.98$3,207
Aug 2010084973.684.42$3,752
Jul 2010092972.554.74$4,400
Jun 201061,19970.364.91$6,310
May 201031,32571.124.24$5,825
Apr 201001,10881.694.12$4,568
Mar 201001,05778.394.39$4,639
Feb 201001,08473.585.44$5,900
Jan 201001,27874.365.96$7,622
Dec 200901,16171.445.48$6,367
Nov 2009093674.593.75$3,511
Oct 2009090872.544.11$3,732
Sep 2009085465.543.06$2,617
Aug 200901,22167.423.22$3,930
Jul 2009083561.133.46$2,893
Jun 2009075166.163.90$2,925
May 200901,29554.743.93$5,084
Apr 200901,08746.773.59$3,900
Mar 2009084842.144.06$3,442
Feb 2009083332.814.63$3,859
Jan 200901,39935.865.37$7,514
Dec 200801,68237.105.98$10,054
Nov 200801,50455.496.86$10,318
Oct 200801,50775.246.92$10,431
Sep 200801,556101.767.88$12,257
Aug 200801,544114.228.48$13,098
Jul 200801,397131.0811.39$15,911
Jun 200801,354131.3313.03$17,646
May 200802,158123.1711.57$24,977
Apr 200801,959110.3110.45$20,481
Mar 200802,629101.909.66$25,407
Feb 200802,63492.538.77$23,102
Jan 200802,31990.388.21$19,029
Dec 200702,64388.337.30$19,299
Nov 200702,58391.677.29$18,834
Oct 200703,18582.856.92$22,047
Sep 200703,32775.846.24$20,774
Aug 200705,43469.066.39$34,712
Jul 200707,74970.906.39$49,500
Jun 20070062.007.55$0

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             5 bbl  × $ 45.35 =       $227
Gas                  109 Mcf  × $  2.69 =       $293

────────────────────────────────────────────────────
Month total                                     $520

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/243882 is the state's own key, not one this site invented.