WATSON, IKE NO. 1 GAS UNIT

Operated by CRESCENT PASS ENERGY, LLC (P-5 189405) in the JEWETT (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 241816District 05Field 463356002 tax incentive programmesCondensateGasSaveExport
Value, all time
$696 k
May 2008 – Jul 2022
Value, last 12 filed months
$383
at the published price for each month
Months reported
171
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 71 leases and 71 wells, and the rule below applies to all of them.

Discovered
1973-09-10
as the register files it
Field class
Gas
the register's own label
Between wells
600 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2008-08-12.

The Commission's schedule remark for this field reads: INTERVAL 9824'-12390',ALLOCATION FORMULA SHALL REMAIN SUSP.

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 Gas112009-06-26186615
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
CondensateDisposition198 bbl$14,766
GasProduction98,300 Mcf$681,546
Total$696,313

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 31.3625, -96.1166. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.36252, -96.11664 · 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
100.0%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
11,530 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
1100.0%
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.
00.0%

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 11,530 ft.

Completions filed
Aug 2022
1 of 1 wells

1 well

42-28931730311,530 ftAug 2022Yes

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 (171)

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

171 months

Jul 202200101.587.54$0
Jun 2022048115.097.98$383
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 201602242.521.99$44
Apr 20160036.561.99$0
Mar 20160033.011.79$0
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 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 20130483104.253.52$1,701
Jul 20130211102.523.72$784
Jun 2013045094.403.93$1,770
May 2013043194.834.15$1,788
Apr 2013043593.964.28$1,863
Mar 2013044093.623.91$1,722
Feb 2013022091.233.42$752
Jan 2013053591.603.42$1,830
Dec 2012031386.773.42$1,071
Nov 2012038686.953.62$1,399
Oct 2012050489.383.40$1,713
Sep 2012074994.672.92$2,186
Aug 2012050392.662.91$1,463
Jul 2012051285.133.02$1,547
Jun 2012077479.822.52$1,950
May 2012056291.612.49$1,398
Apr 20120568101.652.00$1,134
Mar 20120832105.052.22$1,849
Feb 20120545101.102.57$1,401
Jan 2012055098.092.73$1,504
Dec 2011052596.873.24$1,701
Nov 2011063195.723.31$2,089
Oct 201101,00984.983.65$3,681
Sep 201101,16983.623.99$4,659
Aug 2011053583.404.15$2,220
Jul 2011059594.144.52$2,688
Jun 2011068392.904.64$3,169
May 2011035198.134.40$1,546
Apr 20110842105.964.33$3,649
Mar 2011054396.364.06$2,203
Feb 2011043385.644.18$1,810
Jan 2011091786.504.59$4,208
Dec 2010258585.734.35$2,715
Nov 2010278380.843.80$3,133
Oct 2010177878.103.51$2,808
Sep 2010154272.633.98$2,230
Aug 2010181573.684.42$3,675
Jul 20108273972.554.74$9,449
Jun 2010167170.364.91$3,365
May 2010551,00371.124.24$8,160
Apr 2010295781.694.12$4,109
Mar 2010095178.394.39$4,174
Feb 201001,06373.585.44$5,785
Jan 201001,60274.365.96$9,554
Dec 200901,07071.445.48$5,868
Nov 2009198674.593.75$3,774
Oct 200901,34572.544.11$5,528
Sep 200901,45665.543.06$4,462
Aug 200911,66967.423.22$5,439
Jul 200941,86461.133.46$6,702
Jun 200931,35066.163.90$5,457
May 200921,34354.743.93$5,382
Apr 200951,45946.773.59$5,468
Mar 200932,02942.144.06$8,362
Feb 200922,43232.814.63$11,333
Jan 200902,23135.865.37$11,983
Dec 200812,63937.105.98$15,811
Nov 2008113,23255.496.86$22,783
Oct 200803,63375.246.92$25,148
Sep 200806,498101.767.88$51,185
Aug 2008110,087114.228.48$85,682
Jul 2008110,656131.0811.39$121,497
Jun 2008168,065131.3313.03$107,209
May 200805,461123.1711.57$63,207

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.

Jun 2022 — as filed, then multipliedworked
Condensate             0 bbl  × $115.09 =         $0
Gas                   48 Mcf  × $  7.98 =       $383

────────────────────────────────────────────────────
Month total                                     $383

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/241816 is the state's own key, not one this site invented.