PATE RANCH

Operated by EAGLERIDGE OPERATING, LLC (P-5 238462) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 218627District 09Field 65280200CondensateGasSaveExport
Value, all time
$10.5 M
May 2006 – Jul 2020
Value, last 12 filed months
$18 k
at the published price for each month
Months reported
171
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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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
CondensateDisposition2 bbl$106
GasProduction1,886,235 Mcf$10,461,470
Total$10,461,576

Every month this lease reported (171)

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

171 months

Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 201902,91255.052.66$7,738
Aug 201904,49553.112.30$10,358
Jul 201903,87256.272.46$9,525
Jun 201904,10652.782.49$10,229
May 201904,55658.482.74$12,485
Apr 201904,81262.632.75$13,236
Mar 201905,18156.803.06$15,865
Feb 201904,03450.852.79$11,264
Jan 201904,86646.033.23$15,708
Dec 201806,06946.594.19$25,401
Nov 201825,23152.934.24$22,271
Oct 201805,41661.443.40$18,404
Sep 201804,31959.543.11$13,423
Aug 201803,36759.403.07$10,325
Jul 201805,19865.142.93$15,240
Jun 201804,03160.183.08$12,403
May 201804,29865.382.90$12,468
Apr 201805,02063.842.90$14,562
Mar 201804,66361.222.79$12,995
Feb 201804,14461.782.77$11,463
Jan 201805,23762.874.01$20,997
Dec 201703,44757.272.92$10,070
Nov 201704,03755.423.12$12,589
Oct 201704,23649.292.98$12,639
Sep 201704,00647.523.09$12,368
Aug 20170045.373.00$0
Jul 201704,20043.873.09$12,967
Jun 201704,41342.493.09$13,624
May 201703,76745.373.26$12,293
Apr 201704,67847.933.21$15,024
Mar 201705,25746.772.98$15,685
Feb 201705,18250.452.95$15,300
Jan 201705,46549.413.42$18,684
Dec 201605,52448.763.72$20,565
Nov 201605,79242.492.64$15,316
Oct 201605,97146.193.09$18,452
Sep 201605,25941.553.10$16,306
Aug 201605,53441.442.92$16,183
Jul 201605,69441.622.92$16,651
Jun 201605,84045.352.69$15,685
May 201605,56842.521.99$11,086
Apr 201605,51936.561.99$10,989
Mar 201605,94933.011.79$10,673
Feb 201605,98426.472.06$12,349
Jan 201601,29427.352.36$3,059
Dec 20150032.362.00$0
Nov 201505,22938.792.17$11,333
Oct 201507,59543.552.43$18,430
Sep 201507,55442.992.76$20,837
Aug 201508,03740.162.87$23,086
Jul 201507,68948.152.95$22,645
Jun 201508,35656.152.88$24,089
May 201505,96855.212.96$17,638
Apr 201507,06249.822.71$19,114
Mar 201507,84142.892.93$23,011
Feb 201506,21944.662.98$18,509
Jan 201506,51043.433.10$20,185
Dec 201407,40054.693.59$26,576
Nov 201407,67670.464.25$32,637
Oct 201408,95778.303.90$34,941
Sep 201406,78886.164.05$27,460
Aug 201407,77089.394.04$31,353
Jul 201408,63896.564.18$36,103
Jun 201405,07498.164.74$24,035
May 201404,93994.734.73$23,344
Apr 201405,50395.944.81$26,465
Mar 201407,25795.895.06$36,697
Feb 201406,29797.406.19$38,991
Jan 201407,55990.404.86$36,742
Dec 201306,67491.824.35$29,062
Nov 201306,29388.853.74$23,525
Oct 201305,81497.423.78$21,973
Sep 201305,845104.113.72$21,730
Aug 201307,700104.253.52$27,124
Jul 201307,723102.523.72$28,712
Jun 201308,27694.403.93$32,553
May 201308,61894.834.15$35,757
Apr 201308,56293.964.28$36,668
Mar 201308,79493.623.91$34,410
Feb 201308,06691.233.42$27,585
Jan 201309,05291.603.42$30,957
Dec 201208,57186.773.42$29,314
Nov 201208,09786.953.62$29,351
Oct 201209,67989.383.40$32,906
Sep 201205,24594.672.92$15,307
Aug 201207,35992.662.91$21,401
Jul 201208,50785.133.02$25,698
Jun 201207,22679.822.52$18,203
May 201209,17291.612.49$22,823
Apr 201208,987101.652.00$17,945
Mar 201209,535105.052.22$21,188
Feb 201208,991101.102.57$23,109
Jan 201209,49698.092.73$25,963
Dec 201109,65296.873.24$31,270
Nov 201109,10895.723.31$30,159
Oct 201109,72384.983.65$35,475
Sep 201109,60883.623.99$38,296
Aug 2011010,96483.404.15$45,493
Jul 201108,91094.144.52$40,249
Jun 201108,74092.904.64$40,553
May 201108,53698.134.40$37,600
Apr 2011010,569105.964.33$45,798
Mar 201109,52296.364.06$38,634
Feb 201106,83285.644.18$28,558
Jan 201106,93686.504.59$31,828
Dec 20100085.734.35$0
Nov 201006,07880.843.80$23,068
Oct 2010013,33278.103.51$46,781
Sep 2010010,87772.633.98$43,285
Aug 201007,79273.684.42$34,436
Jul 201008,39872.554.74$39,777
Jun 201009,54070.364.91$46,845
May 2010010,06971.124.24$42,644
Apr 201005,97681.694.12$24,637
Mar 201008,20578.394.39$36,009
Feb 201007,40573.585.44$40,301
Jan 2010011,41674.365.96$68,086
Dec 2009012,41271.445.48$68,064
Nov 2009012,31674.593.75$46,203
Oct 2009013,02472.544.11$53,532
Sep 2009012,55365.543.06$38,472
Aug 2009012,66567.423.22$40,762
Jul 2009012,98061.133.46$44,969
Jun 2009012,73366.163.90$49,595
May 2009013,74654.743.93$53,963
Apr 2009014,33946.773.59$51,441
Mar 200909,40642.144.06$38,179
Feb 2009012,90832.814.63$59,803
Jan 2009013,63935.865.37$73,255
Dec 2008015,27237.105.98$91,283
Nov 2008015,41055.496.86$105,718
Oct 2008017,02675.246.92$117,854
Sep 2008017,912101.767.88$141,094
Aug 2008019,727114.228.48$167,345
Jul 2008020,134131.0811.39$229,315
Jun 2008020,566131.3313.03$268,029
May 2008023,370123.1711.57$270,491
Apr 2008022,891110.3110.45$239,322
Mar 2008024,494101.909.66$236,712
Feb 2008023,20292.538.77$203,495
Jan 2008024,43790.388.21$200,523
Dec 2007024,39288.337.30$178,110
Nov 2007027,26891.677.29$198,830
Oct 2007027,05282.856.92$187,253
Sep 2007028,29075.846.24$176,647
Aug 2007025,59969.066.39$163,525
Jul 2007026,52870.906.39$169,459
Jun 2007016,36162.007.55$123,500
May 2007015,22358.747.85$119,444
Apr 2007019,45459.617.81$151,842
Mar 2007029,70056.927.30$216,869
Feb 2007023,88755.108.22$196,256
Jan 2007037,91550.306.73$255,049
Dec 2006038,89456.656.92$269,086
Nov 2006041,75754.207.62$318,083
Oct 2006046,10654.906.01$277,272
Sep 2006045,12260.085.04$227,289
Aug 2006049,99668.717.34$366,967
Jul 2006046,07969.376.34$292,268
Jun 2006064,48966.286.38$411,690
May 2006084,13066.016.42$540,535

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.

Sep 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 55.05 =         $0
Gas                2,912 Mcf  × $  2.66 =     $7,738

────────────────────────────────────────────────────
Month total                                   $7,738

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. 09/G/218627 is the state's own key, not one this site invented.