PETTY, O.S.

Name: PETTY, O.S. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KERNS O & G, INC. (P-5 457700) in the DOS HERMANOS, W. (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 82293District 04Field 25570400CondensateGasSave Export

Value, all time

$140 k

Jan 1993 – Dec 2004

Value, last 12 filed months

$18 k

at the published price for each month

Months reported

144

no gaps in the span

Streams

condensate, gas

The DOS HERMANOS, W. (OLMOS) field

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 44 leases and 44 wells, and the rule below applies to all of them.

Discovered

1976-03-03

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1980-12-01.

The Commission's schedule remark for this field reads: “NORTH (OLMOS) FIELD (35566500).”

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.

Stream	Basis	Volume	Value
Condensate	Disposition	10 bbl	$176
Gas	Production	63,341 Mcf	$139,686
Total			$139,862

25,466 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 28.1200, -99.8689. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.11997, -99.86894 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

5,200 ft

1 wells filed one

Completion to plug

26.7 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 5,200 ft.

Completions filed

Apr 1978

1 of 1 wells

Plug dates filed

Dec 2004

1 of 1 wells

Last completion to plug: a median of 26.7 years across the 1 well that filed both dates, with the middle half between 26.7 years and 26.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47931910	4019	5,200 ft	Apr 1978	Dec 2004	Yes

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 (144)

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

144 months


Dec 2004	0	9	39.86	6.75	$61
Nov 2004	0	451	45.28	6.33	$2,855
Oct 2004	0	646	49.70	6.52	$4,209
Sep 2004	0	163	43.24	5.28	$861
Aug 2004	0	185	42.37	5.55	$1,027
Jul 2004	0	148	38.28	6.08	$900
Jun 2004	0	190	36.10	6.43	$1,222
May 2004	0	141	37.48	6.49	$916
Apr 2004	0	69	34.47	5.86	$404
Mar 2004	0	304	34.36	5.53	$1,681
Feb 2004	0	327	32.45	5.51	$1,802
Jan 2004	0	335	32.03	6.30	$2,110
Dec 2003	0	365	30.26	6.30	$2,300
Nov 2003	0	402	28.80	4.60	$1,847
Oct 2003	0	366	28.17	4.76	$1,742
Sep 2003	0	372	26.31	4.75	$1,767
Aug 2003	0	431	29.76	5.13	$2,211
Jul 2003	0	474	29.41	5.17	$2,451
Jun 2003	0	448	28.56	5.98	$2,680
May 2003	0	339	26.59	5.97	$2,025
Apr 2003	0	375	26.67	5.41	$2,028
Mar 2003	0	472	31.14	6.10	$2,877
Feb 2003	0	482	33.48	7.93	$3,820
Jan 2003	0	408	30.31	5.58	$2,277
Dec 2002	0	457	26.91	4.85	$2,218
Nov 2002	0	471	24.66	4.14	$1,949
Oct 2002	0	451	26.46	4.23	$1,907
Sep 2002	0	448	27.44	3.64	$1,629
Aug 2002	0	385	25.96	3.16	$1,218
Jul 2002	0	512	24.58	3.06	$1,568
Jun 2002	0	557	23.73	3.34	$1,859
May 2002	0	511	24.66	3.58	$1,831
Apr 2002	0	213	23.65	3.51	$748
Mar 2002	0	433	22.00	3.10	$1,343
Feb 2002	0	94	18.22	2.38	$223
Jan 2002	0	200	17.17	2.38	$475
Dec 2001	0	589	16.93	2.36	$1,393
Nov 2001	0	443	18.07	2.41	$1,066
Oct 2001	0	490	19.78	2.53	$1,239
Sep 2001	0	377	24.26	2.25	$849
Aug 2001	0	329	24.87	3.05	$1,004
Jul 2001	0	315	23.93	3.20	$1,007
Jun 2001	0	316	24.56	3.82	$1,208
May 2001	0	320	25.52	4.31	$1,378
Apr 2001	0	256	24.68	5.34	$1,366
Mar 2001	0	320	24.54	5.38	$1,720
Feb 2001	0	289	27.75	5.77	$1,667
Jan 2001	0	349	27.47	8.40	$2,931
Dec 2000	0	401	26.88	9.12	$3,658
Nov 2000	0	416	32.21	5.66	$2,354
Oct 2000	0	491	31.23	5.15	$2,526
Sep 2000	0	500	31.87	5.19	$2,593
Aug 2000	0	518	29.64	4.54	$2,352
Jul 2000	0	442	28.53	4.09	$1,808
Jun 2000	0	128	29.30	4.40	$563
May 2000	0	656	27.26	3.68	$2,414
Apr 2000	0	573	24.51	3.12	$1,785
Mar 2000	0	553	28.42	2.86	$1,581
Feb 2000	0	588	27.62	2.73	$1,603
Jan 2000	0	631	25.27	2.48	$1,565
Dec 1999	0	599	24.28	2.42	$1,452
Nov 1999	0	565	23.19	2.43	$1,375
Oct 1999	0	614	20.98	2.80	$1,721
Sep 1999	0	544	21.75	2.62	$1,425
Aug 1999	0	512	19.26	2.88	$1,472
Jul 1999	0	642	17.89	2.37	$1,523
Jun 1999	0	683	15.94	2.36	$1,613
May 1999	0	735	15.79	2.32	$1,706
Apr 1999	0	713	15.10	2.21	$1,574
Mar 1999	0	734	12.47	1.84	$1,349
Feb 1999	0	537	9.98	1.82	$976
Jan 1999	0	594	10.38	1.90	$1,129
Dec 1998	0	522	9.20	1.77	$926
Nov 1998	0	285	10.89	2.19	$623
Oct 1998	0	353	12.42	1.97	$695
Sep 1998	0	227	12.59	2.08	$473
Aug 1998	0	172	11.30	1.91	$328
Jul 1998	0	196	11.74	2.24	$439
Jun 1998	0	171	11.24	2.24	$383
May 1998	0	177	12.62	2.21	$391
Apr 1998	0	201	13.04	2.51	$504
Mar 1998	0	257	12.80	2.31	$594
Feb 1998	0	224	13.95	2.30	$515
Jan 1998	0	226	14.70	2.15	$487
Dec 1997	0	256	16.32	2.41	$617
Nov 1997	0	287	18.19	3.09	$886
Oct 1997	0	278	19.25	3.15	$876
Sep 1997	0	381	17.74	2.95	$1,126
Aug 1997	0	374	17.86	2.55	$955
Jul 1997	0	369	17.58	2.25	$829
Jun 1997	0	348	17.24	2.26	$786
May 1997	0	414	18.97	2.31	$956
Apr 1997	0	409	17.88	2.08	$852
Mar 1997	0	440	18.95	1.94	$853
Feb 1997	0	469	20.49	2.21	$1,035
Jan 1997	0	443	23.48	3.54	$1,568
Dec 1996	0	442	23.32	—	$0
Nov 1996	0	487	21.97	—	$0
Oct 1996	0	495	23.31	—	$0
Sep 1996	0	474	22.22	—	$0
Aug 1996	0	602	20.26	—	$0
Jul 1996	0	582	19.55	—	$0
Jun 1996	0	526	18.73	—	$0
May 1996	0	579	19.43	—	$0
Apr 1996	0	546	21.51	—	$0
Mar 1996	0	531	19.38	—	$0
Feb 1996	0	419	16.98	—	$0
Jan 1996	0	418	17.07	—	$0
Dec 1995	0	476	17.19	—	$0
Nov 1995	0	477	16.00	—	$0
Oct 1995	0	477	15.43	—	$0
Sep 1995	0	492	16.18	—	$0
Aug 1995	0	482	15.92	—	$0
Jul 1995	0	485	15.24	—	$0
Jun 1995	0	457	16.41	—	$0
May 1995	1	428	17.56	—	$18
Apr 1995	0	412	17.73	—	$0
Mar 1995	0	432	16.44	—	$0
Feb 1995	0	391	16.58	—	$0
Jan 1995	0	427	15.92	—	$0
Dec 1994	0	451	15.03	—	$0
Nov 1994	0	468	15.90	—	$0
Oct 1994	0	530	15.58	—	$0
Sep 1994	0	525	15.29	—	$0
Aug 1994	0	575	16.13	—	$0
Jul 1994	0	572	17.56	—	$0
Jun 1994	0	593	17.09	—	$0
May 1994	0	614	15.88	—	$0
Apr 1994	0	591	14.14	—	$0
Mar 1994	0	583	12.46	—	$0
Feb 1994	0	529	12.50	—	$0
Jan 1994	0	557	12.66	—	$0
Dec 1993	0	625	12.33	—	$0
Nov 1993	0	568	14.49	—	$0
Oct 1993	0	624	15.85	—	$0
Sep 1993	0	606	15.03	—	$0
Aug 1993	0	694	15.66	—	$0
Jul 1993	0	559	15.46	—	$0
Jun 1993	1	544	16.79	—	$17
May 1993	1	551	17.68	—	$18
Apr 1993	2	717	18.05	—	$36
Mar 1993	2	976	18.14	—	$36
Feb 1993	1	359	17.90	—	$18
Jan 1993	2	518	16.93	—	$34

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.

Dec 2004 — as filed, then multipliedworked

Condensate             0 bbl  × $ 39.86 =         $0
Gas                    9 Mcf  × $  6.75 =        $61

────────────────────────────────────────────────────
Month total                                      $61

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/82293 is the state's own key, not one this site invented.