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 97992District 04Field 25570400NGPA filingCondensateGasSaveExport
Value, all time
$41 k
Jan 1993 – Dec 2004
Value, last 12 filed months
$5 k
at the published price for each month
Months reported
144
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
CondensateDisposition68 bbl$1,042
GasProduction33,311 Mcf$40,014
Total$41,056

23,542 Mcf of this lease's gas, across 47 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 28.1274, -99.8637. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.12745, -99.86370 · 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
5,700 ft
1 wells filed one
Completion to plug
22.9 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 5,700 ft.

Completions filed
Jan 1982
1 of 1 wells
Plug dates filed
Dec 2004
1 of 1 wells

Last completion to plug: a median of 22.9 years across the 1 well that filed both dates, with the middle half between 22.9 years and 22.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-4793317360215,700 ftJan 1982Dec 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 (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 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 200401942.375.55$105
Jul 200406738.286.08$408
Jun 200407636.106.43$489
May 200409037.486.49$585
Apr 200409534.475.86$557
Mar 2004011434.365.53$630
Feb 2004015232.455.51$837
Jan 2004015832.036.30$995
Dec 2003019230.266.30$1,210
Nov 2003023228.804.60$1,066
Oct 2003035028.174.76$1,666
Sep 2003036626.314.75$1,738
Aug 2003042429.765.13$2,175
Jul 2003050329.415.17$2,601
Jun 2003041828.565.98$2,501
May 2003031026.595.97$1,852
Apr 2003015326.675.41$827
Mar 2003012631.146.10$768
Feb 200307033.487.93$555
Jan 200303930.315.58$218
Dec 20020026.914.85$0
Nov 20020424.664.14$17
Oct 20020026.464.23$0
Sep 20020827.443.64$29
Aug 200204625.963.16$146
Jul 200209924.583.06$303
Jun 2002012923.733.34$431
May 2002011224.663.58$401
Apr 200209823.653.51$344
Mar 200204622.003.10$143
Feb 200205318.222.38$126
Jan 200207317.172.38$173
Dec 200105916.932.36$140
Nov 200105618.072.41$135
Oct 200106419.782.53$162
Sep 200109924.262.25$223
Aug 200105324.873.05$162
Jul 200106423.933.20$205
Jun 200107224.563.82$275
May 200108825.524.31$379
Apr 200108024.685.34$427
Mar 200107224.545.38$387
Feb 200106727.755.77$386
Jan 200107127.478.40$596
Dec 200008326.889.12$757
Nov 200008532.215.66$481
Oct 200009531.235.15$489
Sep 200009731.875.19$503
Aug 2000010629.644.54$481
Jul 200009728.534.09$397
Jun 2000011829.304.40$519
May 2000011727.263.68$431
Apr 2000011924.513.12$371
Mar 2000012128.422.86$346
Feb 200008127.622.73$221
Jan 200009125.272.48$226
Dec 199909024.282.42$218
Nov 199909723.192.43$236
Oct 1999012320.982.80$345
Sep 1999012621.752.62$330
Aug 1999012119.262.88$348
Jul 1999014417.892.37$342
Jun 1999014615.942.36$345
May 1999022415.792.32$520
Apr 1999029915.102.21$660
Mar 1999029512.471.84$542
Feb 199902829.981.82$513
Jan 1999031910.381.90$606
Dec 19980199.201.77$34
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 1997021418.193.09$661
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970218.951.94$4
Feb 1997028020.492.21$618
Jan 1997031123.483.54$1,101
Dec 1996032523.32$0
Nov 1996035321.97$0
Oct 1996034623.31$0
Sep 1996026022.22$0
Aug 1996044120.26$0
Jul 1996046319.55$0
Jun 1996047518.73$0
May 1996051019.43$0
Apr 1996052521.51$0
Mar 1996050919.38$0
Feb 1996048316.98$0
Jan 1996050717.07$0
Dec 1995050717.19$0
Nov 1995054016.00$0
Oct 1995045415.43$0
Sep 1995031416.18$0
Aug 1995042215.92$0
Jul 1995052215.24$0
Jun 1995048316.41$0
May 1995130417.56$18
Apr 1995137517.73$18
Mar 1995249016.44$33
Feb 1995342916.58$50
Jan 1995350015.92$48
Dec 1994351215.03$45
Nov 1994355215.90$48
Oct 1994254915.58$31
Sep 1994247015.29$31
Aug 1994119016.13$16
Jul 19940017.56$0
Jun 1994320517.09$51
May 1994221315.88$32
Apr 1994341214.14$42
Mar 1994463112.46$50
Feb 1994557212.50$63
Jan 1994466912.66$51
Dec 1993471612.33$49
Nov 1993062414.49$0
Oct 1993347015.85$48
Sep 1993382115.03$45
Aug 1993096815.66$0
Jul 1993366115.46$46
Jun 1993262916.79$34
May 1993265417.68$35
Apr 1993373918.05$54
Mar 1993263618.14$36
Feb 1993249117.90$36
Jan 1993262116.93$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.

Aug 2004 — as filed, then multipliedworked
Condensate             0 bbl  × $ 42.37 =         $0
Gas                   19 Mcf  × $  5.55 =       $105

────────────────────────────────────────────────────
Month total                                     $105

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/97992 is the state's own key, not one this site invented.