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 252581District 09Field 65280200CondensateGasSaveExport
Value, all time
$4.2 M
Mar 2009 – Aug 2020
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
138
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
CondensateDisposition1 bbl$53
GasProduction1,149,701 Mcf$4,244,656
Total$4,244,709

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 20200039.982.39$0
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 201902,59755.052.66$6,901
Aug 201901,68053.112.30$3,871
Jul 201901,23456.272.46$3,036
Jun 201902,02552.782.49$5,045
May 201905,08758.482.74$13,940
Apr 201905,06062.632.75$13,919
Mar 201905,35656.803.06$16,401
Feb 201904,06750.852.79$11,356
Jan 201902,76146.033.23$8,913
Dec 201803,52246.594.19$14,741
Nov 201811,66952.934.24$7,125
Oct 201803,90261.443.40$13,259
Sep 201805,62159.543.11$17,470
Aug 201806,41859.403.07$19,681
Jul 201806,29065.142.93$18,442
Jun 201806,22460.183.08$19,151
May 201806,78265.382.90$19,673
Apr 201806,15663.842.90$17,857
Mar 201805,95961.222.79$16,607
Feb 201805,14661.782.77$14,234
Jan 201805,85362.874.01$23,467
Dec 201704,94657.272.92$14,450
Nov 201706,47655.423.12$20,195
Oct 201706,99349.292.98$20,865
Sep 201706,56947.523.09$20,280
Aug 201706,09245.373.00$18,303
Jul 201704,62743.873.09$14,285
Jun 201704,29742.493.09$13,266
May 201702,08745.373.26$6,811
Apr 201701,10747.933.21$3,555
Mar 201701,76046.772.98$5,251
Feb 201703,63350.452.95$10,727
Jan 201705,79549.413.42$19,812
Dec 201605,45448.763.72$20,304
Nov 201606,44042.492.64$17,030
Oct 201605,29246.193.09$16,354
Sep 201604,34141.553.10$13,460
Aug 201607,32641.442.92$21,424
Jul 201607,44041.622.92$21,757
Jun 201606,56545.352.69$17,632
May 201607,59342.521.99$15,118
Apr 201607,18436.561.99$14,304
Mar 201607,07833.011.79$12,698
Feb 201604,92826.472.06$10,170
Jan 2016015227.352.36$359
Dec 20150032.362.00$0
Nov 201502,14738.792.17$4,653
Oct 201504,71443.552.43$11,439
Sep 201503,32142.992.76$9,161
Aug 201503,66440.162.87$10,525
Jul 201503,96348.152.95$11,671
Jun 201504,10356.152.88$11,828
May 201503,50455.212.96$10,356
Apr 201505,76249.822.71$15,595
Mar 201507,32642.892.93$21,500
Feb 201507,39544.662.98$22,009
Jan 201507,96543.433.10$24,697
Dec 201403,11154.693.59$11,173
Nov 201401,93970.464.25$8,244
Oct 201403,81778.303.90$14,890
Sep 201405,32686.164.05$21,546
Aug 201407,23489.394.04$29,190
Jul 2014010,05796.564.18$42,034
Jun 201407,48398.164.74$35,446
May 201406,77694.734.73$32,027
Apr 201406,55795.944.81$31,533
Mar 201405,10395.895.06$25,805
Feb 201406,05897.406.19$37,511
Jan 201406,53690.404.86$31,770
Dec 201305,49091.824.35$23,906
Nov 201308,70988.853.74$32,557
Oct 201308,85397.423.78$33,459
Sep 201307,414104.113.72$27,563
Aug 201307,813104.253.52$27,522
Jul 201307,015102.523.72$26,080
Jun 201306,44994.403.93$25,367
May 201309,18794.834.15$38,118
Apr 201309,99493.964.28$42,800
Mar 201308,55693.623.91$33,479
Feb 201308,02591.233.42$27,445
Jan 201308,74491.603.42$29,904
Dec 201207,81186.773.42$26,715
Nov 201209,38286.953.62$34,009
Oct 2012011,18689.383.40$38,029
Sep 201208,49294.672.92$24,783
Aug 201208,01292.662.91$23,300
Jul 201208,11685.133.02$24,517
Jun 2012011,11779.822.52$28,004
May 201209,97291.612.49$24,814
Apr 201209,408101.652.00$18,786
Mar 201209,737105.052.22$21,636
Feb 2012011,097101.102.57$28,522
Jan 2012011,51698.092.73$31,486
Dec 2011011,48496.873.24$37,205
Nov 2011011,54295.723.31$38,219
Oct 2011011,95184.983.65$43,604
Sep 2011012,17283.623.99$48,515
Aug 2011013,56383.404.15$56,277
Jul 2011012,01594.144.52$54,275
Jun 2011011,36992.904.64$52,751
May 2011012,05598.134.40$53,100
Apr 2011012,992105.964.33$56,298
Mar 2011013,41496.364.06$54,425
Feb 2011012,27885.644.18$51,322
Jan 2011012,51386.504.59$57,419
Dec 2010010,23685.734.35$44,504
Nov 2010012,50280.843.80$47,449
Oct 2010012,93278.103.51$45,377
Sep 2010012,35072.633.98$49,146
Aug 2010012,55973.684.42$55,503
Jul 2010013,80072.554.74$65,364
Jun 2010016,96570.364.91$83,305
May 2010017,08171.124.24$72,342
Apr 2010016,83781.694.12$69,414
Mar 2010015,94278.394.39$69,964
Feb 2010016,89973.585.44$91,970
Jan 2010019,67174.365.96$117,320
Dec 2009020,81871.445.48$114,161
Nov 2009020,15374.593.75$75,604
Oct 2009022,02472.544.11$90,524
Sep 2009022,41765.543.06$68,703
Aug 2009024,46367.423.22$78,734
Jul 2009029,07661.133.46$100,734
Jun 2009030,82766.163.90$120,071
May 2009035,03554.743.93$137,539
Apr 2009055,43446.773.59$198,869
Mar 2009010,79242.144.06$43,805

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                2,597 Mcf  × $  2.66 =     $6,901

────────────────────────────────────────────────────
Month total                                   $6,901

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/252581 is the state's own key, not one this site invented.