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 248282District 04Field 355665002 tax incentive programmesCondensateGasSaveExport
Value, all time
$659 k
Jun 2008 – Jul 2019
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 Gas112009-09-22194857
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
CondensateDisposition118 bbl$9,570
GasProduction147,081 Mcf$649,195
Total$658,765

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 28.0469, -99.8853. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.04689, -99.88530 · 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
5,590 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 5,590 ft.

Completions filed
Jun 2008
1 of 1 wells
Plug dates filed
Jul 2019
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

42-4794020322185,590 ftJun 2008Jul 2019Yes

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 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 2016518045.352.69$710
May 2016062842.521.99$1,250
Apr 2016067636.561.99$1,346
Mar 2016066633.011.79$1,195
Feb 2016075026.472.06$1,548
Jan 2016068727.352.36$1,624
Dec 2015681732.362.00$1,829
Nov 2015084138.792.17$1,823
Oct 2015090743.552.43$2,201
Sep 2015095542.992.76$2,634
Aug 2015092640.162.87$2,660
Jul 2015794848.152.95$3,129
Jun 2015090656.152.88$2,612
May 201501,03955.212.96$3,071
Apr 201501,06149.822.71$2,872
Mar 201561,03042.892.93$3,280
Feb 201501,00544.662.98$2,991
Jan 2015682443.433.10$2,816
Dec 201401,07654.693.59$3,864
Nov 201401,09870.464.25$4,669
Oct 2014491378.303.90$3,875
Sep 2014079086.164.05$3,196
Aug 2014084389.394.04$3,402
Jul 2014483796.564.18$3,885
Jun 2014078698.164.74$3,723
May 2014076194.734.73$3,597
Apr 2014368295.944.81$3,568
Mar 2014076995.895.06$3,889
Feb 2014471697.406.19$4,823
Jan 201401,03490.404.86$5,026
Dec 2013499691.824.35$4,704
Nov 2013093288.853.74$3,484
Oct 2013482197.423.78$3,493
Sep 201341,163104.113.72$4,740
Aug 201301,287104.253.52$4,534
Jul 201301,388102.523.72$5,160
Jun 201301,23194.403.93$4,842
May 201341,10394.834.15$4,956
Apr 201301,04293.964.28$4,462
Mar 201341,01393.623.91$4,338
Feb 2013092791.233.42$3,170
Jan 201341,09691.603.42$4,115
Dec 201201,12286.773.42$3,837
Nov 201241,06086.953.62$4,190
Oct 201201,14389.383.40$3,886
Sep 2012098794.672.92$2,880
Aug 2012499892.662.91$3,273
Jul 201221,00885.133.02$3,215
Jun 201201,01179.822.52$2,547
May 201241,01791.612.49$2,897
Apr 201201,048101.652.00$2,093
Mar 201251,090105.052.22$2,947
Feb 201201,960101.102.57$5,038
Jan 201261,74598.092.73$5,360
Dec 201161,75696.873.24$6,270
Nov 201161,81695.723.31$6,588
Oct 201101,82684.983.65$6,662
Sep 201101,20683.623.99$4,807
Aug 201141,80983.404.15$7,840
Jul 201112,18494.144.52$9,960
Jun 201131,71192.904.64$8,218
May 201141,96798.134.40$9,057
Apr 201101,786105.964.33$7,739
Mar 201101,65896.364.06$6,727
Feb 201101,06785.644.18$4,460
Jan 201101,05686.504.59$4,846
Dec 2010064385.734.35$2,796
Nov 201002,04480.843.80$7,758
Oct 2010083678.103.51$2,933
Sep 2010098672.633.98$3,924
Aug 201001,66173.684.42$7,341
Jul 201001,56872.554.74$7,427
Jun 201002,09570.364.91$10,287
May 201001,91971.124.24$8,127
Apr 201001,75581.694.12$7,235
Mar 201001,78878.394.39$7,847
Feb 201001,74573.585.44$9,497
Jan 201001,93274.365.96$11,523
Dec 200902,76771.445.48$15,174
Nov 200902,57674.593.75$9,664
Oct 200902,41272.544.11$9,914
Sep 200902,83765.543.06$8,695
Aug 200903,09967.423.22$9,974
Jul 200902,96761.133.46$10,279
Jun 200903,15166.163.90$12,273
May 200903,20554.743.93$12,582
Apr 200902,94646.773.59$10,569
Mar 200903,42742.144.06$13,910
Feb 200903,40832.814.63$15,789
Jan 200903,70235.865.37$19,883
Dec 200803,04637.105.98$18,206
Nov 200803,13855.496.86$21,528
Oct 200803,20075.246.92$22,150
Sep 200803,016101.767.88$23,757
Aug 200803,018114.228.48$25,602
Jul 200802,811131.0811.39$32,016
Jun 200801,202131.3313.03$15,665

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                  180 Mcf  × $  2.69 =       $483

────────────────────────────────────────────────────
Month total                                     $710

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/248282 is the state's own key, not one this site invented.