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 168535District 05Field 577331002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.1 M
Mar 1998 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
339
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 Gas111999-06-08140502
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
CondensateDisposition98 bbl$5,642
GasProduction250,730 Mcf$1,110,829
Total$1,116,471

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 31.8713, -96.1304. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.87128, -96.13039 · 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
11,225 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 11,225 ft.

Completions filed
Jul 2011
1 of 1 wells

1 well

42-16131437511,225 ftJul 2011

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 (339)

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

339 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 202305471.262.61$141
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 202305278.122.24$116
Mar 202305072.852.39$120
Feb 202306075.112.47$148
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 20220107101.587.54$807
Jun 20220136115.097.98$1,085
May 20220161109.378.43$1,358
Apr 20220106104.226.84$725
Mar 20220106108.885.08$538
Feb 2022010091.054.86$486
Jan 2022010281.844.54$463
Dec 2021010471.323.90$406
Nov 2021010477.435.24$545
Oct 2021010779.795.71$611
Sep 2021010169.865.35$540
Aug 2021010566.024.22$443
Jul 2021010570.783.98$418
Jun 2021010169.493.38$341
May 2021010063.483.02$302
Apr 2021010060.362.76$276
Mar 202101561.302.72$41
Feb 2021010757.805.55$594
Jan 2021010850.412.81$304
Dec 2020010544.642.68$281
Nov 2020010138.772.71$273
Oct 2020011136.972.48$275
Sep 2020010237.091.99$203
Aug 2020010039.982.39$239
Jul 2020010138.371.83$184
Jun 2020010334.901.69$174
May 2020010216.921.81$185
Apr 2020010114.751.80$182
Mar 2020010030.341.86$186
Feb 2020010849.881.98$214
Jan 2020010757.252.09$224
Dec 2019010259.012.30$235
Nov 2019010055.302.75$275
Oct 2019010353.472.42$249
Sep 2019010155.052.66$268
Aug 2019010353.112.30$237
Jul 2019010656.272.46$261
Jun 2019010052.782.49$249
May 2019010358.482.74$282
Apr 2019010062.632.75$275
Mar 2019010156.803.06$309
Feb 2019010450.852.79$290
Jan 2019010646.033.23$342
Dec 2018010646.594.19$444
Nov 2018010952.934.24$462
Oct 2018010761.443.40$364
Sep 2018011759.543.11$364
Aug 2018010059.403.07$307
Jul 2018010865.142.93$317
Jun 2018011860.183.08$363
May 2018013465.382.90$389
Apr 2018011163.842.90$322
Mar 2018011161.222.79$309
Feb 2018010161.782.77$279
Jan 2018011162.874.01$445
Dec 2017010857.272.92$316
Nov 2017010755.423.12$334
Oct 2017011949.292.98$355
Sep 2017011447.523.09$352
Aug 2017010545.373.00$315
Jul 2017010543.873.09$324
Jun 2017010042.493.09$309
May 2017014345.373.26$467
Apr 2017010347.933.21$331
Mar 2017017246.772.98$513
Feb 2017011850.452.95$348
Jan 2017012049.413.42$410
Dec 2016010948.763.72$406
Nov 2016011442.492.64$301
Oct 2016011846.193.09$365
Sep 20162610241.553.10$1,397
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 20160333.011.79$5
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150742.992.76$19
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 201505155.212.96$151
Apr 20150049.822.71$0
Mar 20150842.892.93$23
Feb 201508644.662.98$256
Jan 201502043.433.10$62
Dec 201405254.693.59$187
Nov 2014012170.464.25$514
Oct 2014013378.303.90$519
Sep 2014017286.164.05$696
Aug 2014017589.394.04$706
Jul 2014017396.564.18$723
Jun 2014014398.164.74$677
May 2014015794.734.73$742
Apr 2014016295.944.81$779
Mar 2014113695.895.06$784
Feb 2014219297.406.19$1,384
Jan 2014015290.404.86$739
Dec 2013011691.824.35$505
Nov 201307788.853.74$288
Oct 2013012497.423.78$469
Sep 2013093104.113.72$346
Aug 20130114104.253.52$402
Jul 2013095102.523.72$353
Jun 2013013194.403.93$515
May 2013010794.834.15$444
Apr 2013011693.964.28$497
Mar 2013011393.623.91$442
Feb 2013012791.233.42$434
Jan 2013016791.603.42$571
Dec 2012017586.773.42$599
Nov 2012015386.953.62$555
Oct 201206489.383.40$218
Sep 201201094.672.92$29
Aug 201233692.662.91$383
Jul 201202285.133.02$66
Jun 201204579.822.52$113
May 2012013191.612.49$326
Apr 20120297101.652.00$593
Mar 20120441105.052.22$980
Feb 20120535101.102.57$1,375
Jan 2012043698.092.73$1,192
Dec 2011015896.873.24$512
Nov 2011034795.723.31$1,149
Oct 2011068784.983.65$2,507
Sep 2011075183.623.99$2,993
Aug 2011076683.404.15$3,178
Jul 20111825094.144.52$2,824
Jun 2011057092.904.64$2,645
May 2011046298.134.40$2,035
Apr 20110505105.964.33$2,188
Mar 2011043296.364.06$1,753
Feb 2011859485.644.18$3,168
Jan 2011064586.504.59$2,960
Dec 2010061185.734.35$2,656
Nov 2010060480.843.80$2,292
Oct 2010695478.103.51$3,816
Sep 2010071972.633.98$2,861
Aug 201001,19073.684.42$5,259
Jul 2010086672.554.74$4,102
Jun 2010019970.364.91$977
May 201008171.124.24$343
Apr 2010022781.694.12$936
Mar 2010023878.394.39$1,045
Feb 2010043173.585.44$2,346
Jan 2010152374.365.96$3,194
Dec 2009025071.445.48$1,371
Nov 2009065274.593.75$2,446
Oct 2009045872.544.11$1,882
Sep 2009020265.543.06$619
Aug 2009069667.423.22$2,240
Jul 2009022161.133.46$766
Jun 2009077566.163.90$3,019
May 2009078754.743.93$3,090
Apr 2009050346.773.59$1,805
Mar 2009057542.144.06$2,334
Feb 200901,00232.814.63$4,642
Jan 2009056635.865.37$3,040
Dec 2008059937.105.98$3,580
Nov 2008073655.496.86$5,049
Oct 2008083175.246.92$5,752
Sep 20080932101.767.88$7,341
Aug 200801,124114.228.48$9,535
Jul 200801,000131.0811.39$11,389
Jun 20080956131.3313.03$12,459
May 200801,559123.1711.57$18,044
Apr 200801,156110.3110.45$12,086
Mar 200801,698101.909.66$16,410
Feb 200801,30592.538.77$11,446
Jan 200801,46890.388.21$12,046
Dec 200701,58688.337.30$11,581
Nov 200701,99491.677.29$14,540
Oct 2007086782.856.92$6,001
Sep 2007018175.846.24$1,130
Aug 2007021069.066.39$1,341
Jul 2007023470.906.39$1,495
Jun 2007025762.007.55$1,940
May 2007024258.747.85$1,899
Apr 2007026559.617.81$2,068
Mar 2007025556.927.30$1,862
Feb 2007023055.108.22$1,890
Jan 2007025950.306.73$1,742
Dec 2006046356.656.92$3,203
Nov 2006075854.207.62$5,774
Oct 2006088354.906.01$5,310
Sep 2006048760.085.04$2,453
Aug 2006066868.717.34$4,903
Jul 200601,11369.376.34$7,059
Jun 2006077366.286.38$4,935
May 2006049466.016.42$3,174
Apr 2006058464.397.36$4,299
Mar 2006085556.707.08$6,056
Feb 2006095257.597.75$7,379
Jan 2006079760.598.93$7,120
Dec 2005081754.9413.42$10,960
Nov 2005095254.6910.59$10,080
Oct 2005099558.3413.80$13,727
Sep 2005091661.4512.08$11,064
Aug 200501,37061.519.80$13,422
Jul 200501,53255.697.84$12,016
Jun 200501,37152.337.38$10,119
May 200501,27745.226.65$8,494
Apr 20051899149.207.36$8,180
Mar 200501,05550.377.15$7,548
Feb 2005096845.226.31$6,110
Jan 200501,71643.166.32$10,849
Dec 200401,56239.866.75$10,545
Nov 200401,05745.286.33$6,691
Oct 200401,31649.706.52$8,574
Sep 200401,76343.245.28$9,316
Aug 2004071642.375.55$3,974
Jul 2004054238.286.08$3,298
Jun 200401,10536.106.43$7,108
May 200401,85137.486.49$12,021
Apr 200401,07334.475.86$6,286
Mar 2004099434.365.53$5,497
Feb 200401,06032.455.51$5,840
Jan 2004099132.036.30$6,243
Dec 2003099230.266.30$6,251
Nov 200301,17928.804.60$5,418
Oct 200301,50828.174.76$7,178
Sep 200301,36826.314.75$6,497
Aug 200301,21729.765.13$6,243
Jul 200301,32029.415.17$6,826
Jun 200301,57828.565.98$9,441
May 200301,07426.595.97$6,415
Apr 200301,32726.675.41$7,175
Mar 2003075531.146.10$4,603
Feb 200301,55033.487.93$12,285
Jan 200301,41030.315.58$7,871
Dec 200201,33526.914.85$6,480
Nov 200201,11324.664.14$4,604
Oct 2002078026.464.23$3,299
Sep 2002083227.443.64$3,024
Aug 2002067725.963.16$2,142
Jul 2002083824.583.06$2,566
Jun 200201,46523.733.34$4,891
May 200201,24624.663.58$4,466
Apr 200202,22723.653.51$7,822
Mar 200202,04922.003.10$6,357
Feb 200202,40918.222.38$5,723
Jan 200201,74717.172.38$4,150
Dec 200102,60716.932.36$6,164
Nov 200101,83518.072.41$4,414
Oct 200101,46019.782.53$3,692
Sep 200101,46624.262.25$3,300
Aug 200101,33024.873.05$4,061
Jul 200101,38123.933.20$4,415
Jun 200102,14024.563.82$8,184
May 200101,96625.524.31$8,468
Apr 200101,89024.685.34$10,084
Mar 200102,56424.545.38$13,785
Feb 200102,74627.755.77$15,836
Jan 200103,22027.478.40$27,044
Dec 200001,71526.889.12$15,645
Nov 200002,61432.215.66$14,790
Oct 200002,11931.235.15$10,903
Sep 200002,21731.875.19$11,498
Aug 200001,13229.644.54$5,140
Jul 200001,54628.534.09$6,323
Jun 200002,24029.304.40$9,850
May 200002,62327.263.68$9,652
Apr 200002,74924.513.12$8,566
Mar 200002,95928.422.86$8,462
Feb 200012,71327.622.73$7,425
Jan 200003,11225.272.48$7,719
Dec 199902,89424.282.42$7,014
Nov 199902,92123.192.43$7,110
Oct 199903,02220.982.80$8,473
Sep 199903,25421.752.62$8,522
Aug 199901,96319.262.88$5,645
Jul 199901,98017.892.37$4,697
Jun 199901,93515.942.36$4,571
May 199902,55515.792.32$5,930
Apr 199902,31815.102.21$5,118
Mar 199903,06312.471.84$5,631
Feb 199902,7169.981.82$4,937
Jan 199903,04110.381.90$5,778
Dec 199804,0659.201.77$7,209
Nov 199804,32410.892.19$9,451
Oct 199803,32512.421.97$6,548
Sep 199804,19412.592.08$8,735
Aug 199804,37011.301.91$8,335
Jul 199804,81511.742.24$10,772
Jun 1998143,23111.242.24$7,386
May 199804,37112.622.21$9,644
Apr 199805,27213.042.51$13,208
Mar 199805,96812.802.31$13,783

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                   54 Mcf  × $  2.61 =       $141

────────────────────────────────────────────────────
Month total                                     $141

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/168535 is the state's own key, not one this site invented.