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 298139District 01Field 12018200Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.1 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-1112024-11-13233969

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
CondensateDisposition45,312 bbl$2,367,474
GasProduction230,902 Mcf$750,643
Total$3,118,117

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 28.5866, -99.3615. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.58658, -99.36153 · 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
7,543 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 7,543 ft.

Completions filed
May 2016
1 of 1 wells

1 well

42-28335711101H7,543 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 20231913189.042.74$17,091
Aug 20231861,01580.522.67$17,690
Jul 202329925374.852.64$23,049
Jun 202397068.962.26$6,689
May 20230070.622.23$0
Apr 202360278.122.24$4,692
Mar 20231871972.852.39$13,668
Feb 20239831675.112.47$8,140
Jan 202311053476.533.39$10,227
Dec 20223967676.415.73$6,853
Nov 202226185.005.65$514
Oct 202293087.185.86$8,108
Sep 20225549784.888.16$8,726
Aug 202211158994.529.13$15,868
Jul 2022114775101.587.54$17,425
Jun 202255917115.097.98$13,645
May 2022226901109.378.43$32,316
Apr 2022188883104.226.84$25,631
Mar 20222681,271108.885.08$35,632
Feb 2022711,18491.054.86$12,217
Jan 2022631,07681.844.54$10,038
Dec 20212341,72471.323.90$23,411
Nov 20211372,25477.435.24$22,412
Oct 20212152,64479.795.71$32,262
Sep 20212301,64169.865.35$24,849
Aug 20212071,92766.024.22$21,799
Jul 20211792,36970.783.98$22,103
Jun 20213391,60869.493.38$28,993
May 20212162,16563.483.02$20,245
Apr 2021215060.362.76$12,977
Mar 2021365061.302.72$22,375
Feb 2021461057.805.55$26,646
Jan 2021181050.412.81$9,124
Dec 202057044.642.68$2,544
Nov 202055038.772.71$2,132
Oct 2020279036.972.48$10,315
Sep 2020113037.091.99$4,191
Aug 202056039.982.39$2,239
Jul 2020106038.371.83$4,067
Jun 20200034.901.69$0
May 202093016.921.81$1,574
Apr 2020214014.751.80$3,157
Mar 202028566730.341.86$9,885
Feb 20204332,10349.881.98$25,763
Jan 20206372,28357.252.09$41,251
Dec 20192502,13059.012.30$19,661
Nov 20192882,07555.302.75$21,634
Oct 20193432,21953.472.42$23,707
Sep 20193812,87255.052.66$28,606
Aug 20193993,42253.112.30$29,076
Jul 20193753,04356.272.46$28,587
Jun 20193112,81752.782.49$23,432
May 20193662,87358.482.74$29,277
Apr 20194102,46162.632.75$32,448
Mar 20193622,43856.803.06$28,027
Feb 20194082,88350.852.79$28,797
Jan 20193653,58646.033.23$28,377
Dec 20184292,66646.594.19$31,145
Nov 20184353,05152.934.24$35,952
Oct 20184013,25161.443.40$35,685
Sep 20185384,14359.543.11$44,909
Aug 20187953,48059.403.07$57,895
Jul 2018591,05665.142.93$6,939
Jun 20183453,08460.183.08$30,251
May 20186164,78865.382.90$54,163
Apr 20185204,14663.842.90$45,224
Mar 20185954,44861.222.79$48,822
Feb 20186713,96561.782.77$52,422
Jan 20185565,52262.874.01$57,095
Dec 20176166,01957.272.92$52,863
Nov 20177516,32355.423.12$61,338
Oct 20178766,73549.292.98$63,273
Sep 20171,0256,29147.523.09$68,130
Aug 20171,24720245.373.00$57,183
Jul 20171,863043.873.09$81,730
Jun 201716042.493.09$680
May 20170045.373.26$0
Apr 20179457,22047.933.21$68,482
Mar 20171,5899,17746.772.98$101,699
Feb 20172,36312,71450.452.95$156,753
Jan 20172,9566,96549.413.42$169,868
Dec 20161,6988,01748.763.72$112,640
Nov 20161,6927,79042.492.64$92,493
Oct 20162,35011,61846.193.09$144,449
Sep 20162,71513,16941.553.10$153,640
Aug 20164,09918,39241.442.92$223,647
Jul 201626882541.622.92$13,567
Jun 201620564145.352.69$11,018
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.

Sep 2023 — as filed, then multipliedworked
Condensate           191 bbl  × $ 89.04 =    $17,007
Gas                   31 Mcf  × $  2.74 =        $85

────────────────────────────────────────────────────
Month total                                  $17,091

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/298139 is the state's own key, not one this site invented.