WATTS

Operated by TRINITY OPERATING (USG), LLC (P-5 870209) in the BRISCOE RANCH (EAGLEFORD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 298138District 01Field 12018200Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.8 M
May 2016 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
121
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 5,584 leases and 8,017 wells, and the rule below applies to all of them.

Discovered
2007-11-05
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 40 acres. The field rule took effect on 2013-04-09.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: MAY ELECT TO CLASSIFY AS PERMANENT GAS WELL

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
ST-1112024-11-13233968

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
CondensateDisposition55,865 bbl$2,826,364
GasProduction280,045 Mcf$958,662
Total$3,785,026

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 28.5858, -99.3633. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.58575, -99.36329 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
7,547 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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 7,547 ft.

Completions filed
May 2016
1 of 1 wells

1 well

42-28335710100H7,547 ftMay 2016

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 (121)

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

121 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20231080.522.67$81
Jul 202321074.852.64$1,572
Jun 202397068.962.26$6,689
May 20230070.622.23$0
Apr 202354478.122.24$4,227
Mar 20231444772.852.39$10,603
Feb 20239828475.112.47$8,061
Jan 20231101,34776.533.39$12,982
Dec 20221271,70376.415.73$19,461
Nov 20221621,77585.005.65$23,792
Oct 20221172,20387.185.86$23,118
Sep 2022551,50684.888.16$16,963
Aug 20221111,48494.529.13$24,036
Jul 20221141,952101.587.54$26,302
Jun 2022542,309115.097.98$24,634
May 20222242,228109.378.43$43,288
Apr 20221812,226104.226.84$34,084
Mar 20222712,342108.885.08$41,395
Feb 2022832,23691.054.86$18,422
Jan 2022751,51981.844.54$13,031
Dec 20212612,49871.323.90$28,355
Nov 20211342,81077.435.24$25,091
Oct 20211873,23379.795.71$33,394
Sep 20211712,30869.865.35$24,296
Aug 20212112,39166.024.22$24,022
Jul 20212382,55470.783.98$27,016
Jun 20213952,66769.493.38$36,465
May 20212684,14763.483.02$29,527
Apr 20212694,93560.362.76$29,850
Mar 20214724,25761.302.72$40,500
Feb 20216843,48657.805.55$58,875
Jan 20212261,40050.412.81$15,327
Dec 20207233044.642.68$4,097
Nov 20206923238.772.71$3,303
Oct 20203491,85836.972.48$17,507
Sep 20201411,83637.091.99$8,885
Aug 20207184939.982.39$4,864
Jul 202013320238.371.83$5,472
Jun 2020093734.901.69$1,584
May 202011396916.921.81$3,670
Apr 20202363,05414.751.80$8,992
Mar 20202182,12630.341.86$10,560
Feb 20202541,84649.881.98$16,326
Jan 20203702,00457.252.09$25,380
Dec 20191331,87059.012.30$12,157
Nov 20191571,54755.302.75$12,937
Oct 20191881,37153.472.42$13,368
Sep 201928780055.052.66$17,925
Aug 2019376053.112.30$19,969
Jul 2019346056.272.46$19,469
Jun 201927789852.782.49$16,857
May 20193411,78758.482.74$24,839
Apr 20194021,58362.632.75$29,532
Mar 20193601,57056.803.06$25,256
Feb 20194351,62050.852.79$26,643
Jan 20194161,62146.033.23$24,381
Dec 20184731,37546.594.19$27,792
Nov 20184801,87752.934.24$33,360
Oct 201853095761.443.40$35,815
Sep 20187431,63759.543.11$49,326
Aug 20187241,77059.403.07$48,433
Jul 20183017765.142.93$2,473
Jun 20182091,22360.183.08$16,341
May 20185944,40065.382.90$51,599
Apr 20188754,87263.842.90$69,993
Mar 20187393,97961.222.79$56,330
Feb 20187563,11561.782.77$55,322
Jan 20189084,82362.874.01$76,423
Dec 20178975,64257.272.92$67,854
Nov 20171,0936,95955.423.12$82,275
Oct 20171,2568,99049.292.98$88,732
Sep 20171,3682,49647.523.09$72,713
Aug 20171,154045.373.00$52,357
Jul 2017809043.873.09$35,491
Jun 20171042.493.09$42
May 20170045.373.26$0
Apr 20171,2309,53647.933.21$89,580
Mar 20171,52012,87746.772.98$109,511
Feb 20171,76116,28050.452.95$136,911
Jan 20171,1688,79849.413.42$87,789
Dec 20163,51911,72248.763.72$215,225
Nov 20163,10712,17642.492.64$164,214
Oct 20164,80516,34846.193.09$272,463
Sep 20165,61019,22641.553.10$292,708
Aug 20167,52024,62441.442.92$383,638
Jul 201640679441.622.92$19,220
Jun 201622161145.352.69$11,663
May 20160042.521.99$0

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 2023 — as filed, then multipliedworked
Condensate             1 bbl  × $ 80.52 =        $81
Gas                    0 Mcf  × $  2.67 =         $0

────────────────────────────────────────────────────
Month total                                      $81

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. 01/G/298138 is the state's own key, not one this site invented.