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 298140District 01Field 12018200Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.6 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-1112024-11-13233970

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
CondensateDisposition35,881 bbl$1,884,029
GasProduction207,465 Mcf$687,613
Total$2,571,642

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 28.5875, -99.3600. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.58748, -99.35998 · 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
7,532 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 7,532 ft.

Completions filed
Feb 2022
1 of 1 wells

1 well

42-28335712102H7,532 ftFeb 2022

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 202328074.852.64$2,096
Jun 2023129068.962.26$8,896
May 20230070.622.23$0
Apr 202379378.122.24$6,178
Mar 20232033672.852.39$14,875
Feb 202313022175.112.47$10,309
Jan 20231471,02676.533.39$14,726
Dec 20221691,29776.415.73$20,344
Nov 20222041,35285.005.65$24,974
Oct 20221561,49387.185.86$22,355
Sep 2022731,14784.888.16$15,560
Aug 20221481,13194.529.13$24,312
Jul 20221521,488101.587.54$26,663
Jun 2022711,759115.097.98$22,203
May 20222971,659109.378.43$46,473
Apr 20222121,696104.226.84$33,691
Mar 2022451,404108.885.08$12,027
Feb 2022311891.054.86$2,910
Jan 20225633081.844.54$6,080
Dec 20212411,25071.323.90$22,062
Nov 202111695877.435.24$13,999
Oct 202116890379.795.71$18,564
Sep 20211631,50269.865.35$19,424
Aug 20211451,37166.024.22$15,359
Jul 20211251,93170.783.98$16,537
Jun 20212462,28869.493.38$24,829
May 20211841,55763.483.02$16,379
Apr 20211873,34860.362.76$20,523
Mar 20213333,50361.302.72$29,930
Feb 20214972,88057.805.55$44,705
Jan 20211581,15350.412.81$11,205
Dec 20205027144.642.68$2,957
Nov 20204819138.772.71$2,378
Oct 20202441,52836.972.48$12,808
Sep 2020991,51137.091.99$6,680
Aug 20204969939.982.39$3,626
Jul 20209316638.371.83$3,871
Jun 2020077034.901.69$1,302
May 202010379716.921.81$3,189
Apr 20202672,79514.751.80$8,981
Mar 20203272,23430.341.86$14,068
Feb 20203821,93949.881.98$22,895
Jan 20205622,10557.252.09$36,584
Dec 20192211,96559.012.30$17,569
Nov 20192541,91355.302.75$19,308
Oct 20193022,04753.472.42$21,099
Sep 20193362,64855.052.66$25,533
Aug 20193523,15653.112.30$25,967
Jul 20193312,80756.272.46$25,531
Jun 20192742,59852.782.49$20,934
May 20193422,65058.482.74$27,262
Apr 20194052,34762.632.75$31,821
Mar 20193212,35356.803.06$25,438
Feb 20193762,48650.852.79$26,061
Jan 20194542,97746.033.23$30,508
Dec 20186292,46146.594.19$39,605
Nov 20183832,55852.934.24$31,111
Oct 20184102,71361.443.40$34,409
Sep 20184172,95759.543.11$34,019
Aug 20185093,83659.403.07$41,998
Jul 20181644,18865.142.93$22,962
Jun 20185073,69360.183.08$41,874
May 20184633,28565.382.90$39,800
Apr 20185953,16063.842.90$47,151
Mar 20185593,59161.222.79$44,230
Feb 20187764,09061.782.77$59,255
Jan 2018251162.874.01$1,616
Dec 20174633,55557.272.92$36,902
Nov 20175434,79355.423.12$45,039
Oct 20177264,90749.292.98$50,425
Sep 20177934,50547.523.09$51,592
Aug 201777711245.373.00$35,589
Jul 20171,783043.873.09$78,220
Jun 2017101042.493.09$4,291
May 20170045.373.26$0
Apr 20171,2605,66447.933.21$78,582
Mar 20171,3777,53946.772.98$86,896
Feb 20171,0864,02150.452.95$66,661
Jan 20174264,57449.413.42$36,686
Dec 20167227,65048.763.72$63,684
Nov 20162,4637,94342.492.64$125,657
Oct 20161,7389,03546.193.09$108,199
Sep 20161,6758,11041.553.10$94,742
Aug 20163,14514,33941.442.92$172,261
Jul 201616631441.622.92$7,827
Jun 201611420445.352.69$5,718
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/298140 is the state's own key, not one this site invented.