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 151273District 05Field 577331002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.7 M
Aug 1994 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
382
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 Gas111994-11-15131020
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
CondensateDisposition189 bbl$11,915
GasProduction1,698,063 Mcf$4,723,891
Total$4,735,806

539,779 Mcf of this lease's gas, across 29 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 31.8796, -96.1289. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.87956, -96.12887 · 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
Aug 1994
1 of 1 wells

1 well

42-16131253411,275 ftAug 1994

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 (382)

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

382 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 202306271.262.61$162
Nov 202306277.892.81$174
Oct 202305685.443.09$173
Sep 2023078689.042.74$2,150
Aug 202305680.522.67$150
Jul 2023078674.852.64$2,076
Jun 2023077568.962.26$1,750
May 2023080670.622.23$1,795
Apr 202305178.122.24$114
Mar 202305072.852.39$120
Feb 202305575.112.47$136
Jan 2023010976.533.39$369
Dec 2022010176.415.73$579
Nov 2022048885.005.65$2,755
Oct 2022040487.185.86$2,369
Sep 2022043684.888.16$3,559
Aug 2022068594.529.13$6,252
Jul 20220739101.587.54$5,574
Jun 20220808115.097.98$6,446
May 20220880109.378.43$7,421
Apr 20220943104.226.84$6,448
Mar 202201,253108.885.08$6,361
Feb 2022075191.054.86$3,649
Jan 2022080681.844.54$3,657
Dec 2021082071.323.90$3,197
Nov 2021077277.435.24$4,043
Oct 2021092979.795.71$5,308
Sep 2021076269.865.35$4,077
Aug 2021080566.024.22$3,398
Jul 2021086470.783.98$3,441
Jun 2021078369.493.38$2,647
May 2021078663.483.02$2,372
Apr 2021092060.362.76$2,538
Mar 202101,16261.302.72$3,157
Feb 2021036057.805.55$1,997
Jan 2021081950.412.81$2,302
Dec 2020099444.642.68$2,659
Nov 2020045938.772.71$1,242
Oct 2020061036.972.48$1,512
Sep 2020058237.091.99$1,159
Aug 2020072539.982.39$1,729
Jul 2020072638.371.83$1,325
Jun 2020059034.901.69$997
May 2020070916.921.81$1,287
Apr 2020072714.751.80$1,312
Mar 2020052930.341.86$982
Feb 202001,02649.881.98$2,032
Jan 2020095057.252.09$1,990
Dec 2019088559.012.30$2,039
Nov 2019067455.302.75$1,854
Oct 2019040653.472.42$982
Sep 2019057555.052.66$1,528
Aug 2019074453.112.30$1,714
Jul 2019055856.272.46$1,373
Jun 2019063352.782.49$1,577
May 2019097558.482.74$2,672
Apr 2019098462.632.75$2,707
Mar 2019058856.803.06$1,801
Feb 2019052550.852.79$1,466
Jan 2019062746.033.23$2,024
Dec 2018074846.594.19$3,131
Nov 2018085852.934.24$3,636
Oct 2018098161.443.40$3,334
Sep 201801,13859.543.11$3,537
Aug 201801,07659.403.07$3,300
Jul 201801,44365.142.93$4,231
Jun 201801,67660.183.08$5,157
May 201801,41065.382.90$4,090
Apr 201801,56463.842.90$4,537
Mar 201801,83161.222.79$5,103
Feb 201801,51461.782.77$4,188
Jan 201801,09962.874.01$4,406
Dec 201701,43657.272.92$4,195
Nov 201701,16955.423.12$3,645
Oct 201701,17949.292.98$3,518
Sep 201701,21947.523.09$3,763
Aug 201701,49045.373.00$4,477
Jul 201701,32043.873.09$4,075
Jun 201701,38142.493.09$4,264
May 201701,48945.373.26$4,859
Apr 201701,23247.933.21$3,957
Mar 201701,43546.772.98$4,282
Feb 201701,16150.452.95$3,428
Jan 201701,33949.413.42$4,578
Dec 201601,47648.763.72$5,495
Nov 201601,21142.492.64$3,202
Oct 201601,22546.193.09$3,786
Sep 2016421,19141.553.10$5,438
Aug 201601,69541.442.92$4,957
Jul 201601,55241.622.92$4,539
Jun 201601,48345.352.69$3,983
May 201601,26342.521.99$2,515
Apr 201601,45736.561.99$2,901
Mar 201601,38433.011.79$2,483
Feb 201601,28826.472.06$2,658
Jan 201601,76627.352.36$4,175
Dec 201501,28232.362.00$2,566
Nov 201501,28638.792.17$2,787
Oct 201501,68343.552.43$4,084
Sep 201501,28242.992.76$3,536
Aug 201501,03840.162.87$2,982
Jul 201501,25748.152.95$3,702
Jun 201501,40156.152.88$4,039
May 201501,57055.212.96$4,640
Apr 201501,53949.822.71$4,165
Mar 201501,06742.892.93$3,131
Feb 201501,52444.662.98$4,536
Jan 2015097443.433.10$3,020
Dec 201401,30654.693.59$4,690
Nov 201401,32770.464.25$5,642
Oct 201401,31178.303.90$5,114
Sep 2014093386.164.05$3,774
Aug 201401,58089.394.04$6,375
Jul 201401,36996.564.18$5,722
Jun 2014074798.164.74$3,538
May 201401,35994.734.73$6,423
Apr 2014064395.944.81$3,092
Mar 2014576195.895.06$4,328
Feb 2014161,33997.406.19$9,849
Jan 201401,05590.404.86$5,128
Dec 2013039891.824.35$1,733
Nov 201301,37088.853.74$5,121
Oct 2013041697.423.78$1,572
Sep 201301,621104.113.72$6,026
Aug 201301,692104.253.52$5,960
Jul 201301,676102.523.72$6,231
Jun 201302,38694.403.93$9,385
May 201312,52294.834.15$10,559
Apr 201302,63293.964.28$11,272
Mar 201313,47793.623.91$13,699
Feb 201301,79091.233.42$6,122
Jan 201302,16691.603.42$7,408
Dec 2012057686.773.42$1,970
Nov 2012094186.953.62$3,411
Oct 201202,07889.383.40$7,065
Sep 201201,75794.672.92$5,128
Aug 2012161,69892.662.91$6,421
Jul 201201,85585.133.02$5,604
Jun 201202,04079.822.52$5,139
May 201213,10191.612.49$7,808
Apr 201203,414101.652.00$6,817
Mar 201201,655105.052.22$3,678
Feb 20120424101.102.57$1,090
Jan 2012020398.092.73$555
Dec 2011021096.873.24$680
Nov 2011090795.723.31$3,003
Oct 201101,29984.983.65$4,739
Sep 201122,65083.623.99$10,730
Aug 201104,36583.404.15$18,112
Jul 201101,40994.144.52$6,365
Jun 201101,74792.904.64$8,106
May 201102,30398.134.40$10,144
Apr 201101,630105.964.33$7,063
Mar 201102,94496.364.06$11,945
Feb 2011154,23885.644.18$18,999
Jan 201101,99486.504.59$9,150
Dec 201006,31685.734.35$27,460
Nov 201005,67080.843.80$21,520
Oct 20103613778.103.51$3,292
Sep 2010073672.633.98$2,929
Aug 2010056573.684.42$2,497
Jul 2010036972.554.74$1,748
Jun 201002,60470.364.91$12,787
May 201004,15571.124.24$17,597
Apr 2010078781.694.12$3,245
Mar 201001,00778.394.39$4,419
Feb 2010065273.585.44$3,548
Jan 201001,06474.365.96$6,346
Dec 200902,90671.445.48$15,936
Nov 200901,73874.593.75$6,520
Oct 200901,65272.544.11$6,790
Sep 200901,52165.543.06$4,661
Aug 20090067.423.22$0
Jul 20090361.133.46$10
Jun 200901,46566.163.90$5,706
May 200901,88654.743.93$7,404
Apr 200901,99346.773.59$7,150
Mar 200902,22642.144.06$9,035
Feb 200903,16732.814.63$14,673
Jan 200902,84335.865.37$15,270
Dec 200802,71137.105.98$16,204
Nov 200803,13355.496.86$21,494
Oct 200802,88275.246.92$19,949
Sep 200803,321101.767.88$26,160
Aug 200802,943114.228.48$24,966
Jul 200803,192131.0811.39$36,355
Jun 200803,269131.3313.03$42,604
May 200802,831123.1711.57$32,767
Apr 200802,858110.3110.45$29,880
Mar 200802,148101.909.66$20,758
Feb 200801,81192.538.77$15,884
Jan 200802,00490.388.21$16,444
Dec 200701,82888.337.30$13,348
Nov 200701,33691.677.29$9,742
Oct 200702,41582.856.92$16,717
Sep 200703,40175.846.24$21,236
Aug 200703,99569.066.39$25,520
Jul 200704,03970.906.39$25,801
Jun 200702,59062.007.55$19,550
May 200702,41658.747.85$18,957
Apr 200703,43259.617.81$26,787
Mar 200702,82156.927.30$20,599
Feb 200704,42955.108.22$36,389
Jan 200705,50950.306.73$37,058
Dec 200605,44056.656.92$37,636
Nov 200604,44354.207.62$33,844
Oct 200603,36154.906.01$20,212
Sep 200604,64960.085.04$23,418
Aug 200602,69368.717.34$19,766
Jul 200602,01769.376.34$12,793
Jun 200603,50366.286.38$22,363
May 200603,30266.016.42$21,215
Apr 200603,90664.397.36$28,750
Mar 200603,17356.707.08$22,474
Feb 200602,52257.597.75$19,548
Jan 200603,91460.598.93$34,965
Dec 200503,43654.9413.42$46,095
Nov 200503,01254.6910.59$31,892
Oct 200504,65058.3413.80$64,150
Sep 200502,94061.4512.08$35,512
Aug 200504,93261.519.80$48,318
Jul 200504,13255.697.84$32,410
Jun 200503,46852.337.38$25,597
May 200505,01745.226.65$33,369
Apr 2005383,05449.207.36$24,349
Mar 200502,88050.377.15$20,606
Feb 200502,85845.226.31$18,039
Jan 200503,54043.166.32$22,381
Dec 200403,88939.866.75$26,255
Nov 200404,61645.286.33$29,221
Oct 200406,27649.706.52$40,889
Sep 200406,13143.245.28$32,396
Aug 200403,50342.375.55$19,444
Jul 2004014438.286.08$876
Jun 200404,54136.106.43$29,212
May 200404,20837.486.49$27,329
Apr 200403,70834.475.86$21,723
Mar 200404,13634.365.53$22,873
Feb 200404,30132.455.51$23,697
Jan 200404,21832.036.30$26,572
Dec 200304,72630.266.30$29,782
Nov 200305,43228.804.60$24,961
Oct 200306,57728.174.76$31,304
Sep 200305,13526.314.75$24,388
Aug 200305,43229.765.13$27,865
Jul 200307,20829.415.17$37,271
Jun 200306,57328.565.98$39,326
May 200305,95026.595.97$35,537
Apr 200308,17526.675.41$44,205
Mar 200302,92831.146.10$17,849
Feb 2003010,99133.487.93$87,113
Jan 2003010,47130.315.58$58,450
Dec 200203,75026.914.85$18,202
Nov 200203,10124.664.14$12,829
Oct 200203,24326.464.23$13,715
Sep 200203,07927.443.64$11,193
Aug 200203,83325.963.16$12,128
Jul 2002014,38024.583.06$44,028
Jun 2002015,23623.733.34$50,861
May 200201,03924.663.58$3,724
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 200205,66918.222.38$13,468
Jan 2002010,39417.172.38$24,693
Dec 200106,45016.932.36$15,250
Nov 200107,95818.072.41$19,143
Oct 200107,03019.782.53$17,778
Sep 200107,78724.262.25$17,531
Aug 200109,28924.873.05$28,361
Jul 200106,81023.933.20$21,772
Jun 200109,13624.563.82$34,938
May 200106,96825.524.31$30,013
Apr 200107,48524.685.34$39,935
Mar 200103,96624.545.38$21,323
Feb 200103,88027.755.77$22,376
Jan 200107,27227.478.40$61,076
Dec 200002,13326.889.12$19,458
Nov 200006,80832.215.66$38,520
Oct 200006,55631.235.15$33,734
Sep 200008,39031.875.19$43,515
Aug 200006,46729.644.54$29,365
Jul 200007,95028.534.09$32,514
Jun 2000010,85929.304.40$47,750
May 2000013,57727.263.68$49,960
Apr 2000018,19524.513.12$56,696
Mar 200009,53528.422.86$27,268
Feb 200008,18727.622.73$22,322
Jan 200007,74625.272.48$19,214
Dec 199907,77824.282.42$18,852
Nov 199907,36323.192.43$17,921
Oct 199908,36220.982.80$23,445
Sep 199907,12821.752.62$18,667
Aug 199907,13219.262.88$20,509
Jul 199907,01617.892.37$16,645
Jun 199907,20815.942.36$17,026
May 199908,20115.792.32$19,035
Apr 199907,58215.102.21$16,741
Mar 199907,89912.471.84$14,521
Feb 199907,4739.981.82$13,584
Jan 199909,55810.381.90$18,160
Dec 199808,9389.201.77$15,850
Nov 1998014,93310.892.19$32,639
Oct 199809,05012.421.97$17,821
Sep 1998014,45712.592.08$30,108
Aug 1998017,23211.301.91$32,867
Jul 1998415,91111.742.24$35,644
Jun 1998112,26011.242.24$27,440
May 1998114,97512.622.21$33,053
Apr 199808,93913.042.51$22,395
Mar 1998219,32812.802.31$44,662
Feb 1998114,51613.952.30$33,388
Jan 199814,77514.702.15$10,304
Dec 199704,74716.322.41$11,445
Nov 199705,58518.193.09$17,248
Oct 199719,88619.253.15$31,158
Sep 1997113,94617.742.95$41,227
Aug 199705,54717.862.55$14,171
Jul 1997014,85817.582.25$33,385
Jun 199716,48617.242.26$14,657
May 1997319,15318.972.31$44,272
Apr 1997021,73417.882.08$45,267
Mar 1997016,05018.951.94$31,123
Feb 199704,21320.492.21$9,293
Jan 1997017,09323.483.54$60,504
Dec 1996010,48223.32$0
Nov 199606,25021.97$0
Oct 199606,38123.31$0
Sep 1996015,32022.22$0
Aug 199607,44920.26$0
Jul 199608,06419.55$0
Jun 199607,33218.73$0
May 199604,99619.43$0
Apr 199609,79621.51$0
Mar 1996016,83819.38$0
Feb 199608,89416.98$0
Jan 199605,69817.07$0
Dec 199508,82317.19$0
Nov 1995017,12616.00$0
Oct 199505,75815.43$0
Sep 1995011,67516.18$0
Aug 1995016,76315.92$0
Jul 1995021,37715.24$0
Jun 1995015,66216.41$0
May 1995019,77517.56$0
Apr 1995026,90717.73$0
Mar 1995029,13216.44$0
Feb 1995026,92716.58$0
Jan 1995036,47615.92$0
Dec 1994030,33315.03$0
Nov 1994037,69115.90$0
Oct 1994039,67915.58$0
Sep 1994046,85515.29$0
Aug 1994041,32016.13$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                   62 Mcf  × $  2.61 =       $162

────────────────────────────────────────────────────
Month total                                     $162

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/151273 is the state's own key, not one this site invented.