WATSON, M. L. GU #1

Operated by FORMATION RESOUR FIELD SVCS, LLC (P-5 100566) in the MARSTERS, N.E. field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 147973District 05Field 577331002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.5 M
Dec 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
390
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 39 leases and 39 wells, and the rule below applies to all of them.

Discovered
1985-12-19
as the register files it
Field class
Gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1994-03-21.

The Commission's schedule remark for this field reads: PER DOCKET #05-0204338.

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
High Cost Gas111994-03-29129946
NGPA1none

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
CondensateDisposition39,827 bbl$791,390
GasProduction2,128,228 Mcf$4,692,927
Total$5,484,317

1,068,127 Mcf of this lease's gas, across 37 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 31.8756, -96.1321. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.87561, -96.13213 · 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
11,275 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 11,275 ft.

Completions filed
Dec 1993
1 of 1 wells

1 well

42-16131222311,275 ftDec 1993

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 (390)

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

390 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 202305971.262.61$154
Nov 202306277.892.81$174
Oct 202305685.443.09$173
Sep 202305089.042.74$137
Aug 202305680.522.67$150
Jul 202305074.852.64$132
Jun 202305368.962.26$120
May 202305570.622.23$123
Apr 202305078.122.24$112
Mar 202305072.852.39$120
Feb 202305375.112.47$131
Jan 2023010976.533.39$369
Dec 2022010876.415.73$619
Nov 2022010085.005.65$565
Oct 2022010387.185.86$604
Sep 2022010884.888.16$882
Aug 2022010694.529.13$967
Jul 20220109101.587.54$822
Jun 20220140115.097.98$1,117
May 20220171109.378.43$1,442
Apr 20220106104.226.84$725
Mar 20220106108.885.08$538
Feb 2022010091.054.86$486
Jan 2022010081.844.54$454
Dec 2021010271.323.90$398
Nov 2021010477.435.24$545
Oct 2021010779.795.71$611
Sep 2021010169.865.35$540
Aug 2021010566.024.22$443
Jul 2021010470.783.98$414
Jun 2021010269.493.38$345
May 2021010063.483.02$302
Apr 2021010060.362.76$276
Mar 2021010561.302.72$285
Feb 202102557.805.55$139
Jan 2021010450.412.81$292
Dec 2020010544.642.68$281
Nov 2020010238.772.71$276
Oct 2020010536.972.48$260
Sep 2020010537.091.99$209
Aug 2020010039.982.39$239
Jul 2020010138.371.83$184
Jun 2020010034.901.69$169
May 2020010116.921.81$183
Apr 2020010114.751.80$182
Mar 2020010030.341.86$186
Feb 2020010249.881.98$202
Jan 2020010157.252.09$212
Dec 2019010859.012.30$249
Nov 2019010055.302.75$275
Oct 2019010353.472.42$249
Sep 2019010155.052.66$268
Aug 2019010353.112.30$237
Jul 2019010756.272.46$263
Jun 2019012452.782.49$309
May 2019012358.482.74$337
Apr 2019010462.632.75$286
Mar 2019010156.803.06$309
Feb 2019010650.852.79$296
Jan 2019012446.033.23$400
Dec 2018010746.594.19$448
Nov 2018011552.934.24$487
Oct 2018010161.443.40$343
Sep 2018010259.543.11$317
Aug 2018010459.403.07$319
Jul 2018013665.142.93$399
Jun 2018011360.183.08$348
May 2018012465.382.90$360
Apr 2018012163.842.90$351
Mar 2018010361.222.79$287
Feb 2018010061.782.77$277
Jan 2018011162.874.01$445
Dec 2017010757.272.92$313
Nov 2017010755.423.12$334
Oct 2017014049.292.98$418
Sep 2017084047.523.09$2,593
Aug 2017010545.373.00$315
Jul 2017010543.873.09$324
Jun 2017011042.493.09$340
May 2017011045.373.26$359
Apr 2017011247.933.21$360
Mar 2017014146.772.98$421
Feb 2017010850.452.95$319
Jan 2017012049.413.42$410
Dec 2016010048.763.72$372
Nov 2016010342.492.64$272
Oct 2016012446.193.09$383
Sep 2016010741.553.10$332
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160826.472.06$17
Jan 20160027.352.36$0
Dec 2015034332.362.00$686
Nov 2015098138.792.17$2,126
Oct 2015072343.552.43$1,754
Sep 2015072442.992.76$1,997
Aug 2015080440.162.87$2,309
Jul 2015080448.152.95$2,368
Jun 2015082656.152.88$2,381
May 2015093055.212.96$2,749
Apr 201501,01949.822.71$2,758
Mar 2015079842.892.93$2,342
Feb 2015090044.662.98$2,679
Jan 2015077343.433.10$2,397
Dec 2014094554.693.59$3,394
Nov 2014091970.464.25$3,907
Oct 2014099378.303.90$3,874
Sep 2014078186.164.05$3,159
Aug 2014093689.394.04$3,777
Jul 2014094296.564.18$3,937
Jun 2014089598.164.74$4,240
May 201401,21794.734.73$5,752
Apr 201401,33895.944.81$6,435
Mar 2014685395.895.06$4,889
Feb 20141586697.406.19$6,823
Jan 2014181090.404.86$4,028
Dec 2013061491.824.35$2,674
Nov 201301,01988.853.74$3,809
Oct 2013080597.423.78$3,042
Sep 201301,033104.113.72$3,840
Aug 20130777104.253.52$2,737
Jul 20130782102.523.72$2,907
Jun 2013092094.403.93$3,619
May 201301,11794.834.15$4,635
Apr 201301,02293.964.28$4,377
Mar 2013055593.623.91$2,172
Feb 2013095391.233.42$3,259
Jan 201301,09491.603.42$3,741
Dec 201201,07086.773.42$3,660
Nov 201201,04986.953.62$3,803
Oct 201201,03889.383.40$3,529
Sep 201201,17094.672.92$3,415
Aug 20121181,72392.662.91$15,945
Jul 2012086485.133.02$2,610
Jun 2012093279.822.52$2,348
May 201201,29591.612.49$3,222
Apr 20120896101.652.00$1,789
Mar 20120961105.052.22$2,135
Feb 20120753101.102.57$1,935
Jan 201201,54198.092.73$4,213
Dec 201101,10196.873.24$3,567
Nov 201111,57595.723.31$5,311
Oct 201101,98784.983.65$7,250
Sep 201103,26583.623.99$13,014
Aug 201113,52483.404.15$14,706
Jul 201134,81494.144.52$22,028
Jun 201115,99992.904.64$27,928
May 201101,72498.134.40$7,594
Apr 201111,233105.964.33$5,449
Mar 201111,86996.364.06$7,680
Feb 2011213,16785.644.18$15,036
Jan 20111476,42386.504.59$42,189
Dec 201002,59485.734.35$11,278
Nov 201001,17880.843.80$4,471
Oct 201001,51178.103.51$5,302
Sep 201003,74872.633.98$14,915
Aug 201004,04373.684.42$17,867
Jul 201005,06572.554.74$23,990
Jun 201004,68270.364.91$22,990
May 201005,88571.124.24$24,924
Apr 20101608,22281.694.12$46,967
Mar 201007,33578.394.39$32,191
Feb 201007,58273.585.44$41,264
Jan 201004,67974.365.96$27,906
Dec 200903,99271.445.48$21,891
Nov 20091538,56474.593.75$43,540
Oct 20091439,98772.544.11$51,422
Sep 200902,26465.543.06$6,939
Aug 200913012,32067.423.22$48,417
Jul 2009016,44161.133.46$56,960
Jun 200903,40466.163.90$13,259
May 2009093154.743.93$3,655
Apr 200901,17546.773.59$4,215
Mar 200901,08242.144.06$4,392
Feb 200901,10132.814.63$5,101
Jan 200901,29035.865.37$6,929
Dec 2008095737.105.98$5,720
Nov 200801,24555.496.86$8,541
Oct 200801,78375.246.92$12,342
Sep 200801,389101.767.88$10,941
Aug 200804,417114.228.48$37,470
Jul 200808,923131.0811.39$101,628
Jun 20081378,790131.3313.03$132,549
May 20081528,592123.1711.57$118,168
Apr 200808,886110.3110.45$92,902
Mar 20081464,652101.909.66$59,835
Feb 2008010,30592.538.77$90,381
Jan 200815212,85690.388.21$119,231
Dec 2007015,71988.337.30$114,780
Nov 200729616,61291.677.29$148,264
Oct 200702,48282.856.92$17,180
Sep 200701,04175.846.24$6,500
Aug 200701,13669.066.39$7,257
Jul 200701,09870.906.39$7,014
Jun 200701,05262.007.55$7,941
May 2007085158.747.85$6,677
Apr 200701,32659.617.81$10,350
Mar 200701,31456.927.30$9,595
Feb 200701,24355.108.22$10,212
Jan 200701,61050.306.73$10,830
Dec 200601,50756.656.92$10,426
Nov 200601,67554.207.62$12,759
Oct 200601,20654.906.01$7,253
Sep 2006090460.085.04$4,554
Aug 2006069868.717.34$5,123
Jul 2006058369.376.34$3,698
Jun 2006058666.286.38$3,741
May 2006075566.016.42$4,851
Apr 200601,00364.397.36$7,383
Mar 200601,21256.707.08$8,585
Feb 2006082757.597.75$6,410
Jan 2006095060.598.93$8,487
Dec 2005071954.9413.42$9,646
Nov 2005068054.6910.59$7,200
Oct 2005096758.3413.80$13,341
Sep 2005058561.4512.08$7,066
Aug 200501,02361.519.80$10,022
Jul 2005095955.697.84$7,522
Jun 200501,25252.337.38$9,241
May 20051941,09845.226.65$16,076
Apr 2005082449.207.36$6,065
Mar 2005078050.377.15$5,581
Feb 2005082945.226.31$5,233
Jan 2005062543.166.32$3,951
Dec 200401,36439.866.75$9,208
Nov 200402,99345.286.33$18,947
Oct 2004012,59949.706.52$82,084
Sep 200415212,66943.245.28$73,514
Aug 20041498,95242.375.55$56,003
Jul 200404,88038.286.08$29,691
Jun 200414814,82936.106.43$100,738
May 200407,76437.486.49$50,424
Apr 2004051234.475.86$3,000
Mar 200401,41934.365.53$7,847
Feb 200416011,58332.455.51$69,010
Jan 2004016,76632.036.30$105,620
Dec 2003097230.266.30$6,125
Nov 2003076228.804.60$3,502
Oct 200301,28128.174.76$6,097
Sep 200301,26626.314.75$6,013
Aug 2003079929.765.13$4,099
Jul 20031629,74329.415.17$55,144
Jun 2003010,32628.565.98$61,780
May 20031539,22726.595.97$59,178
Apr 200309,87826.675.41$53,413
Mar 200307,42831.146.10$45,281
Feb 200301,30533.487.93$10,343
Jan 20031588,40530.315.58$51,706
Dec 200216013,53426.914.85$69,996
Nov 2002015,59624.664.14$64,520
Oct 2002017,86226.464.23$75,541
Sep 2002019,83727.443.64$72,111
Aug 2002024,30025.963.16$76,889
Jul 20024731,94824.583.06$98,972
Jun 2002032,16823.733.34$107,385
May 200203,77724.663.58$13,537
Apr 20020023.653.51$0
Mar 2002030622.003.10$949
Feb 2002012118.222.38$287
Jan 20020017.172.38$0
Dec 200101,04416.932.36$2,468
Nov 200101,50418.072.41$3,618
Oct 2001881,50219.782.53$5,539
Sep 200102,13424.262.25$4,804
Aug 200104,01224.873.05$12,249
Jul 200102,54223.933.20$8,127
Jun 200105,14824.563.82$19,687
May 200102,32525.524.31$10,015
Apr 2001050424.685.34$2,689
Mar 20011662,52524.545.38$17,649
Feb 200181,48427.755.77$8,780
Jan 200101,73727.478.40$14,589
Dec 200001,83526.889.12$16,740
Nov 2000342,09632.215.66$12,954
Oct 200002,26731.235.15$11,665
Sep 200004,37431.875.19$22,686
Aug 200006,32029.644.54$28,698
Jul 200005,91428.534.09$24,187
Jun 200005,13129.304.40$22,562
May 200006,53427.263.68$24,043
Apr 20003658,09624.513.12$34,173
Mar 200007,53428.422.86$21,545
Feb 200006,74327.622.73$18,385
Jan 20001837,03025.272.48$22,062
Dec 199907,21924.282.42$17,497
Nov 199906,83523.192.43$16,636
Oct 19992006,44820.982.80$22,274
Sep 19991757,75121.752.62$24,105
Aug 199906,69519.262.88$19,252
Jul 199905,64617.892.37$13,394
Jun 199906,67415.942.36$15,765
May 199905,37415.792.32$12,473
Apr 199904,58115.102.21$10,115
Mar 199902,54912.471.84$4,686
Feb 199903,7939.981.82$6,895
Jan 19990010.381.90$0
Dec 199801709.201.77$301
Nov 1998015510.892.19$339
Oct 1998078112.421.97$1,538
Sep 1998022512.592.08$469
Aug 199805,90811.301.91$11,269
Jul 1998187,93111.742.24$17,955
Jun 1998142,63611.242.24$6,055
May 199801,58112.622.21$3,488
Apr 199804,51513.042.51$11,312
Mar 199818711,00712.802.31$27,814
Feb 19981987,89213.952.30$20,907
Jan 199837114,96114.702.15$37,692
Dec 199733915,47216.322.41$42,837
Nov 199738315,10818.193.09$53,624
Oct 199737816,15019.253.15$58,146
Sep 199718013,79217.742.95$43,947
Aug 199737315,99417.862.55$47,522
Jul 199718013,90517.582.25$34,408
Jun 199734817,87417.242.26$46,345
May 19971557,35018.972.31$19,908
Apr 199719813,57717.882.08$31,818
Mar 19972024,24118.951.94$12,052
Feb 199718820,38120.492.21$48,811
Jan 199737826,40923.483.54$102,355
Dec 199619710,71223.32$4,594
Nov 199605,92721.97$0
Oct 199605,57723.31$0
Sep 19961826,73422.22$4,044
Aug 199619415,99720.26$3,930
Jul 199652318,97019.55$10,225
Jun 199619710,99718.73$3,690
May 199618115,69319.43$3,517
Apr 199618317,06321.51$3,936
Mar 199608,71719.38$0
Feb 199637210,29116.98$6,317
Jan 199634918,25817.07$5,957
Dec 199595625,64117.19$16,434
Nov 199555635,46016.00$8,896
Oct 199572530,82615.43$11,187
Sep 199534911,79716.18$5,647
Aug 199536117,45215.92$5,747
Jul 199518322,04715.24$2,789
Jun 199554321,21916.41$8,911
May 199572530,81717.56$12,731
Apr 199554120,65317.73$9,592
Mar 199573030,77416.44$12,001
Feb 199588224,89216.58$14,624
Jan 199574129,69615.92$11,797
Dec 199491132,95415.03$13,692
Nov 199475136,65715.90$11,941
Oct 199494639,70315.58$14,739
Sep 19941,07641,55815.29$16,452
Aug 199464740,36516.13$10,436
Jul 19941,34049,68617.56$23,530
Jun 19941,61153,72717.09$27,532
May 19941,80361,07015.88$28,632
Apr 19942,49964,10214.14$35,336
Mar 19943,32572,09012.46$41,430
Feb 19943,45564,90712.50$43,188
Jan 19943,21664,90112.66$40,715
Dec 1993019712.33$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.

Dec 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 71.26 =         $0
Gas                   59 Mcf  × $  2.61 =       $154

────────────────────────────────────────────────────
Month total                                     $154

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. 05/G/147973 is the state's own key, not one this site invented.