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 83455District 04Field 25570400CondensateGasSave Export

Value, all time

$67 k

Jan 1993 – Dec 2004

Value, last 12 filed months

$8 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	316 bbl	$6,261
Gas	Production	46,223 Mcf	$61,223
Total			$67,484

28,006 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 28.0832, -99.8731. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.08323, -99.87307 · 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

5,550 ft

1 wells filed one

Completion to plug

26.1 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 5,550 ft.

Completions filed

Nov 1978

1 of 1 wells

Plug dates filed

Dec 2004

1 of 1 wells

Last completion to plug: a median of 26.1 years across the 1 well that filed both dates, with the middle half between 26.1 years and 26.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-47931226	214	5,550 ft	Nov 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	95	39.86	6.75	$641
Nov 2004	0	107	45.28	6.33	$677
Oct 2004	0	95	49.70	6.52	$619
Sep 2004	0	202	43.24	5.28	$1,067
Aug 2004	0	120	42.37	5.55	$666
Jul 2004	0	67	38.28	6.08	$408
Jun 2004	0	70	36.10	6.43	$450
May 2004	0	91	37.48	6.49	$591
Apr 2004	0	80	34.47	5.86	$469
Mar 2004	0	106	34.36	5.53	$586
Feb 2004	0	106	32.45	5.51	$584
Jan 2004	0	123	32.03	6.30	$775
Dec 2003	0	130	30.26	6.30	$819
Nov 2003	0	146	28.80	4.60	$671
Oct 2003	0	56	28.17	4.76	$267
Sep 2003	1	47	26.31	4.75	$250
Aug 2003	0	73	29.76	5.13	$374
Jul 2003	3	127	29.41	5.17	$745
Jun 2003	6	141	28.56	5.98	$1,015
May 2003	1	105	26.59	5.97	$654
Apr 2003	2	73	26.67	5.41	$448
Mar 2003	4	158	31.14	6.10	$1,088
Feb 2003	1	156	33.48	7.93	$1,270
Jan 2003	2	108	30.31	5.58	$663
Dec 2002	1	88	26.91	4.85	$454
Nov 2002	1	48	24.66	4.14	$223
Oct 2002	1	68	26.46	4.23	$314
Sep 2002	1	164	27.44	3.64	$624
Aug 2002	1	24	25.96	3.16	$102
Jul 2002	2	135	24.58	3.06	$463
Jun 2002	2	269	23.73	3.34	$945
May 2002	1	119	24.66	3.58	$451
Apr 2002	2	137	23.65	3.51	$528
Mar 2002	4	375	22.00	3.10	$1,252
Feb 2002	4	390	18.22	2.38	$999
Jan 2002	8	501	17.17	2.38	$1,328
Dec 2001	7	437	16.93	2.36	$1,152
Nov 2001	6	382	18.07	2.41	$1,027
Oct 2001	2	365	19.78	2.53	$963
Sep 2001	3	367	24.26	2.25	$899
Aug 2001	3	324	24.87	3.05	$1,064
Jul 2001	2	229	23.93	3.20	$780
Jun 2001	3	165	24.56	3.82	$705
May 2001	2	167	25.52	4.31	$770
Apr 2001	5	195	24.68	5.34	$1,164
Mar 2001	6	208	24.54	5.38	$1,266
Feb 2001	1	148	27.75	5.77	$881
Jan 2001	3	204	27.47	8.40	$1,796
Dec 2000	2	133	26.88	9.12	$1,267
Nov 2000	1	126	32.21	5.66	$745
Oct 2000	1	115	31.23	5.15	$623
Sep 2000	1	119	31.87	5.19	$649
Aug 2000	0	138	29.64	4.54	$627
Jul 2000	1	156	28.53	4.09	$667
Jun 2000	2	191	29.30	4.40	$898
May 2000	3	227	27.26	3.68	$917
Apr 2000	2	221	24.51	3.12	$738
Mar 2000	5	234	28.42	2.86	$811
Feb 2000	3	219	27.62	2.73	$680
Jan 2000	3	262	25.27	2.48	$726
Dec 1999	6	343	24.28	2.42	$977
Nov 1999	8	411	23.19	2.43	$1,186
Oct 1999	4	348	20.98	2.80	$1,060
Sep 1999	3	176	21.75	2.62	$526
Aug 1999	3	212	19.26	2.88	$667
Jul 1999	5	281	17.89	2.37	$756
Jun 1999	3	234	15.94	2.36	$601
May 1999	1	203	15.79	2.32	$487
Apr 1999	1	277	15.10	2.21	$627
Mar 1999	2	271	12.47	1.84	$523
Feb 1999	0	202	9.98	1.82	$367
Jan 1999	3	245	10.38	1.90	$497
Dec 1998	0	201	9.20	1.77	$356
Nov 1998	2	191	10.89	2.19	$439
Oct 1998	0	278	12.42	1.97	$547
Sep 1998	0	193	12.59	2.08	$402
Aug 1998	2	201	11.30	1.91	$406
Jul 1998	0	184	11.74	2.24	$412
Jun 1998	2	185	11.24	2.24	$436
May 1998	0	184	12.62	2.21	$406
Apr 1998	2	191	13.04	2.51	$505
Mar 1998	2	209	12.80	2.31	$508
Feb 1998	0	193	13.95	2.30	$444
Jan 1998	3	211	14.70	2.15	$499
Dec 1997	1	168	16.32	2.41	$421
Nov 1997	2	178	18.19	3.09	$586
Oct 1997	3	211	19.25	3.15	$722
Sep 1997	0	226	17.74	2.95	$668
Aug 1997	2	223	17.86	2.55	$605
Jul 1997	2	192	17.58	2.25	$467
Jun 1997	0	188	17.24	2.26	$424
May 1997	2	216	18.97	2.31	$537
Apr 1997	1	201	17.88	2.08	$437
Mar 1997	1	214	18.95	1.94	$434
Feb 1997	1	168	20.49	2.21	$391
Jan 1997	2	176	23.48	3.54	$670
Dec 1996	3	503	23.32	—	$70
Nov 1996	0	464	21.97	—	$0
Oct 1996	2	444	23.31	—	$47
Sep 1996	3	468	22.22	—	$67
Aug 1996	0	514	20.26	—	$0
Jul 1996	2	469	19.55	—	$39
Jun 1996	3	473	18.73	—	$56
May 1996	6	509	19.43	—	$117
Apr 1996	0	487	21.51	—	$0
Mar 1996	5	468	19.38	—	$97
Feb 1996	0	425	16.98	—	$0
Jan 1996	2	467	17.07	—	$34
Dec 1995	2	513	17.19	—	$34
Nov 1995	3	552	16.00	—	$48
Oct 1995	2	512	15.43	—	$31
Sep 1995	3	541	16.18	—	$49
Aug 1995	6	550	15.92	—	$96
Jul 1995	0	538	15.24	—	$0
Jun 1995	2	498	16.41	—	$33
May 1995	4	523	17.56	—	$70
Apr 1995	3	537	17.73	—	$53
Mar 1995	4	553	16.44	—	$66
Feb 1995	4	498	16.58	—	$66
Jan 1995	4	619	15.92	—	$64
Dec 1994	4	613	15.03	—	$60
Nov 1994	4	595	15.90	—	$64
Oct 1994	3	604	15.58	—	$47
Sep 1994	3	602	15.29	—	$46
Aug 1994	4	681	16.13	—	$65
Jul 1994	0	622	17.56	—	$0
Jun 1994	4	609	17.09	—	$68
May 1994	4	631	15.88	—	$64
Apr 1994	4	592	14.14	—	$57
Mar 1994	3	647	12.46	—	$37
Feb 1994	4	621	12.50	—	$50
Jan 1994	4	655	12.66	—	$51
Dec 1993	4	687	12.33	—	$49
Nov 1993	0	628	14.49	—	$0
Oct 1993	3	669	15.85	—	$48
Sep 1993	3	649	15.03	—	$45
Aug 1993	0	833	15.66	—	$0
Jul 1993	3	598	15.46	—	$46
Jun 1993	3	558	16.79	—	$50
May 1993	3	943	17.68	—	$53
Apr 1993	3	840	18.05	—	$54
Mar 1993	2	800	18.14	—	$36
Feb 1993	2	694	17.90	—	$36
Jan 1993	2	510	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                   95 Mcf  × $  6.75 =       $641

────────────────────────────────────────────────────
Month total                                     $641

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/83455 is the state's own key, not one this site invented.