PETTY, O. S.

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 96549District 04Field 25570400NGPA filingCondensateGasSaveExport
Value, all time
$130 k
Jan 1993 – Jul 2004
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
139
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 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).

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
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
CondensateDisposition19 bbl$314
GasProduction56,318 Mcf$129,555
Total$129,870

19,408 Mcf of this lease's gas, across 45 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 28.1231, -99.8682. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.12311, -99.86820 · 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
5,550 ft
1 wells filed one
Completion to plug
23.0 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
Jul 1981
1 of 1 wells
Plug dates filed
Jul 2004
1 of 1 wells

Last completion to plug: a median of 23.0 years across the 1 well that filed both dates, with the middle half between 23.0 years and 23.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793248220215,550 ftJul 1981Jul 2004Yes

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 (139)

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

139 months

Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 200307430.266.30$466
Nov 200308528.804.60$391
Oct 2003026928.174.76$1,280
Sep 2003026326.314.75$1,249
Aug 2003041329.765.13$2,119
Jul 2003053229.415.17$2,751
Jun 2003046028.565.98$2,752
May 2003031726.595.97$1,893
Apr 2003039226.675.41$2,120
Mar 2003042931.146.10$2,615
Feb 2003038533.487.93$3,051
Jan 2003036330.315.58$2,026
Dec 2002047426.914.85$2,301
Nov 2002050824.664.14$2,102
Oct 2002035526.464.23$1,501
Sep 2002050227.443.64$1,825
Aug 2002040525.963.16$1,281
Jul 2002049124.583.06$1,503
Jun 2002062123.733.34$2,073
May 2002061124.663.58$2,190
Apr 2002066023.653.51$2,318
Mar 2002059022.003.10$1,831
Feb 2002057318.222.38$1,361
Jan 2002066517.172.38$1,580
Dec 2001053716.932.36$1,270
Nov 2001062418.072.41$1,501
Oct 2001071119.782.53$1,798
Sep 2001063224.262.25$1,423
Aug 2001049624.873.05$1,514
Jul 2001049123.933.20$1,570
Jun 2001059824.563.82$2,287
May 2001057625.524.31$2,481
Apr 2001054724.685.34$2,918
Mar 2001045624.545.38$2,452
Feb 2001041427.755.77$2,388
Jan 2001039527.478.40$3,318
Dec 2000036826.889.12$3,357
Nov 2000043732.215.66$2,473
Oct 2000048631.235.15$2,501
Sep 2000055931.875.19$2,899
Aug 2000064529.644.54$2,929
Jul 2000061428.534.09$2,511
Jun 2000066729.304.40$2,933
May 2000074127.263.68$2,727
Apr 2000073124.513.12$2,278
Mar 2000074428.422.86$2,128
Feb 2000072527.622.73$1,977
Jan 2000072925.272.48$1,808
Dec 1999079724.282.42$1,932
Nov 1999081923.192.43$1,993
Oct 1999072920.982.80$2,044
Sep 1999072721.752.62$1,904
Aug 1999078619.262.88$2,260
Jul 1999090817.892.37$2,154
Jun 1999068215.942.36$1,611
May 1999089915.792.32$2,087
Apr 1999071315.102.21$1,574
Mar 1999080012.471.84$1,471
Feb 199906469.981.82$1,174
Jan 1999088910.381.90$1,689
Dec 19980279.201.77$48
Nov 19980010.892.19$0
Oct 199803612.421.97$71
Sep 1998010512.592.08$219
Aug 1998012811.301.91$244
Jul 1998015711.742.24$351
Jun 1998011011.242.24$246
May 1998012912.622.21$285
Apr 1998015713.042.51$393
Mar 1998021212.802.31$490
Feb 1998015313.952.30$352
Jan 1998011414.702.15$246
Dec 1997012116.322.41$292
Nov 1997014618.193.09$451
Oct 1997012319.253.15$387
Sep 1997014217.742.95$420
Aug 1997015617.862.55$399
Jul 199709117.582.25$204
Jun 1997013217.242.26$298
May 1997020918.972.31$482
Apr 1997021817.882.08$454
Mar 1997016718.951.94$324
Feb 1997011320.492.21$249
Jan 1997020923.483.54$740
Dec 1996025923.32$0
Nov 1996016421.97$0
Oct 1996017423.31$0
Sep 1996020622.22$0
Aug 1996035620.26$0
Jul 1996023419.55$0
Jun 1996010618.73$0
May 1996012719.43$0
Apr 1996019621.51$0
Mar 199608519.38$0
Feb 1996017816.98$0
Jan 1996022017.07$0
Dec 1995038617.19$0
Nov 1995032116.00$0
Oct 1995034615.43$0
Sep 1995041016.18$0
Aug 1995045115.92$0
Jul 1995048715.24$0
Jun 1995050716.41$0
May 1995151817.56$18
Apr 1995052917.73$0
Mar 1995062316.44$0
Feb 1995055216.58$0
Jan 1995065015.92$0
Dec 1994064715.03$0
Nov 1994067715.90$0
Oct 1994080815.58$0
Sep 1994090315.29$0
Aug 1994058416.13$0
Jul 1994053017.56$0
Jun 1994051317.09$0
May 1994053215.88$0
Apr 1994081814.14$0
Mar 1994024612.46$0
Feb 1994023412.50$0
Jan 19940012.66$0
Dec 19931012.33$12
Nov 19930014.49$0
Oct 1993116215.85$16
Sep 1993351715.03$45
Aug 1993098515.66$0
Jul 1993251915.46$31
Jun 1993250916.79$34
May 1993285817.68$35
Apr 1993127918.05$18
Mar 199312618.14$18
Feb 1993340417.90$54
Jan 1993257216.93$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 2003 — as filed, then multipliedworked
Condensate             0 bbl  × $ 30.26 =         $0
Gas                   74 Mcf  × $  6.30 =       $466

────────────────────────────────────────────────────
Month total                                     $466

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/96549 is the state's own key, not one this site invented.