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 251868District 09Field 65280200GasSaveExport
Value, all time
$4.1 M
Mar 2009 – Aug 2020
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
138
no gaps in the span
Streams
1
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
GasProduction1,100,470 Mcf$4,136,064
Total$4,136,064

Every month this lease reported (138)

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

138 months

Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 2020034.901.69$0
May 2020016.921.81$0
Apr 2020014.751.80$0
Mar 2020030.341.86$0
Feb 2020049.881.98$0
Jan 2020057.252.09$0
Dec 2019059.012.30$0
Nov 2019055.302.75$0
Oct 2019053.472.42$0
Sep 20193,77555.052.66$10,031
Aug 20195,43453.112.30$12,522
Jul 20195,85256.272.46$14,396
Jun 20195,69352.782.49$14,182
May 20195,27458.482.74$14,452
Apr 20195,69662.632.75$15,668
Mar 20195,46856.803.06$16,744
Feb 20193,91450.852.79$10,929
Jan 20194,19646.033.23$13,545
Dec 20182,98746.594.19$12,502
Nov 20182,05952.934.24$8,724
Oct 20181,24361.443.40$4,224
Sep 20182,25259.543.11$6,999
Aug 20182,40759.403.07$7,381
Jul 20181,76365.142.93$5,169
Jun 20181,75160.183.08$5,388
May 20181,88065.382.90$5,454
Apr 20181,81263.842.90$5,256
Mar 20181,98961.222.79$5,543
Feb 20182,43661.782.77$6,738
Jan 20183,13762.874.01$12,577
Dec 20172,45057.272.92$7,158
Nov 20172,68255.423.12$8,363
Oct 20172,92449.292.98$8,724
Sep 20172,61847.523.09$8,083
Aug 20172,79645.373.00$8,400
Jul 20173,10943.873.09$9,598
Jun 20173,29342.493.09$10,166
May 20174,12745.373.26$13,468
Apr 20173,79747.933.21$12,194
Mar 20175,09446.772.98$15,199
Feb 20175,96550.452.95$17,612
Jan 20175,62949.413.42$19,244
Dec 20164,21948.763.72$15,707
Nov 20163,54142.492.64$9,364
Oct 20163,31246.193.09$10,235
Sep 20162,31541.553.10$7,178
Aug 20163,15441.442.92$9,223
Jul 20163,14641.622.92$9,200
Jun 20163,47545.352.69$9,333
May 20163,37442.521.99$6,718
Apr 20163,49836.561.99$6,965
Mar 20163,94033.011.79$7,068
Feb 20163,80526.472.06$7,852
Jan 20165,43227.352.36$12,843
Dec 20153,73032.362.00$7,465
Nov 20153,69838.792.17$8,015
Oct 20154,06443.552.43$9,862
Sep 20154,21342.992.76$11,621
Aug 20154,41240.162.87$12,673
Jul 20154,19248.152.95$12,346
Jun 20154,23056.152.88$12,195
May 20154,29655.212.96$12,697
Apr 20154,46449.822.71$12,082
Mar 20152,59042.892.93$7,601
Feb 20154,40944.662.98$13,122
Jan 20155,14543.433.10$15,953
Dec 20145,27754.693.59$18,952
Nov 20145,30970.464.25$22,573
Oct 20145,66878.303.90$22,111
Sep 20144,12586.164.05$16,687
Aug 20145,52389.394.04$22,286
Jul 20148,04196.564.18$33,608
Jun 20146,83598.164.74$32,377
May 20145,92594.734.73$28,005
Apr 20147,74195.944.81$37,227
Mar 20147,97695.895.06$40,333
Feb 20146,06997.406.19$37,579
Jan 20148,50190.404.86$41,321
Dec 20137,03791.824.35$30,642
Nov 20137,20288.853.74$26,923
Oct 20137,28497.423.78$27,529
Sep 20137,311104.113.72$27,180
Aug 20138,483104.253.52$29,882
Jul 20138,622102.523.72$32,054
Jun 20138,05094.403.93$31,664
May 20138,70994.834.15$36,134
Apr 20138,65493.964.28$37,062
Mar 20139,35893.623.91$36,617
Feb 20138,24091.233.42$28,180
Jan 20139,50391.603.42$32,499
Dec 20129,05686.773.42$30,973
Nov 20128,30886.953.62$30,116
Oct 20128,54089.383.40$29,033
Sep 20128,39194.672.92$24,488
Aug 20128,97292.662.91$26,092
Jul 20128,99785.133.02$27,178
Jun 20128,98879.822.52$22,641
May 20129,16591.612.49$22,805
Apr 20129,590101.652.00$19,149
Mar 201210,546105.052.22$23,434
Feb 201210,159101.102.57$26,111
Jan 20129,98398.092.73$27,294
Dec 201110,55596.873.24$34,195
Nov 201110,53195.723.31$34,871
Oct 201110,90184.983.65$39,773
Sep 201111,00583.623.99$43,864
Aug 201112,05683.404.15$50,024
Jul 201110,63294.144.52$48,027
Jun 201110,63192.904.64$49,327
May 201111,39998.134.40$50,211
Apr 201110,963105.964.33$47,506
Mar 201111,67596.364.06$47,369
Feb 201111,19985.644.18$46,812
Jan 201113,29686.504.59$61,012
Dec 201013,68085.734.35$59,477
Nov 201013,73880.843.80$52,140
Oct 201015,05478.103.51$52,823
Sep 201014,87472.633.98$59,191
Aug 201015,81373.684.42$69,883
Jul 201017,80072.554.74$84,310
Jun 201019,37870.364.91$95,154
May 201021,77871.124.24$92,235
Apr 201015,18581.694.12$62,603
Mar 201016,36578.394.39$71,821
Feb 201019,13173.585.44$104,118
Jan 201023,38874.365.96$139,488
Dec 200921,65171.445.48$118,729
Nov 200921,47374.593.75$80,556
Oct 200922,74372.544.11$93,479
Sep 200922,55965.543.06$69,138
Aug 200926,04767.423.22$83,832
Jul 200929,94661.133.46$103,748
Jun 200932,68366.163.90$127,300
May 200940,45754.743.93$158,824
Apr 200945,89346.773.59$164,641
Mar 20091,69742.144.06$6,888

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
Gas                3,775 Mcf  × $  2.66 =    $10,031

────────────────────────────────────────────────────
Month total                                  $10,031

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/251868 is the state's own key, not one this site invented.