WATSON, IKE NO. 1 GAS UNIT

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) 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 241900District 05Field 463356002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.1 M
Jun 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
216
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 Gas112009-06-26186614
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
CondensateDisposition2,043 bbl$162,363
GasProduction556,004 Mcf$2,917,078
Total$3,079,441

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 31.3613, -96.1125. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.36131, -96.11250 · 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
11,150 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 11,150 ft.

Completions filed
Jun 2008
1 of 1 wells

1 well

42-28931738411,150 ftJun 2008

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 (216)

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

216 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 202495069.612.36$6,613
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 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
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 20180165.142.93$3
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180463.842.90$12
Mar 201801561.222.79$42
Feb 201802361.782.77$64
Jan 201804062.874.01$160
Dec 201704957.272.92$143
Nov 201708255.423.12$256
Oct 201706349.292.98$188
Sep 2017011147.523.09$343
Aug 2017017445.373.00$523
Jul 2017076343.873.09$2,356
Jun 2017059142.493.09$1,825
May 201707445.373.26$241
Apr 201706847.933.21$218
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 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 2015085832.362.00$1,717
Nov 201501,24038.792.17$2,687
Oct 201501,35943.552.43$3,298
Sep 201501,37942.992.76$3,804
Aug 201501,66740.162.87$4,788
Jul 201511,67648.152.95$4,984
Jun 201511,86756.152.88$5,438
May 201502,05755.212.96$6,079
Apr 201502,12249.822.71$5,743
Mar 201502,22142.892.93$6,518
Feb 201521,92244.662.98$5,810
Jan 201502,47743.433.10$7,680
Dec 201412,48254.693.59$8,968
Nov 201402,57570.464.25$10,948
Oct 201402,70778.303.90$10,560
Sep 201402,69686.164.05$10,907
Aug 201422,82689.394.04$11,582
Jul 201472,96096.564.18$13,048
Jun 20141762,90498.164.74$31,032
May 201493,06094.734.73$15,316
Apr 201442,91395.944.81$14,393
Mar 201402,94095.895.06$14,867
Feb 201422,61097.406.19$16,356
Jan 201402,94390.404.86$14,305
Dec 201302,99791.824.35$13,050
Nov 201303,12388.853.74$11,675
Oct 201303,33397.423.78$12,597
Sep 201303,220104.113.72$11,971
Aug 201303,276104.253.52$11,540
Jul 201303,238102.523.72$12,038
Jun 201303,13194.403.93$12,316
May 201303,19094.834.15$13,236
Apr 201303,01893.964.28$12,925
Mar 20131603,02093.623.91$26,796
Feb 201302,75091.233.42$9,405
Jan 201303,08291.603.42$10,540
Dec 201203,12186.773.42$10,674
Nov 201203,00586.953.62$10,893
Oct 201233,30589.383.40$11,504
Sep 201203,27894.672.92$9,567
Aug 201203,28892.662.91$9,562
Jul 201203,35285.133.02$10,126
Jun 201203,36679.822.52$8,479
May 20121933,46991.612.49$26,313
Apr 201203,332101.652.00$6,653
Mar 201203,501105.052.22$7,780
Feb 201203,460101.102.57$8,893
Jan 201203,90298.092.73$10,668
Dec 201104,06496.873.24$13,166
Nov 201104,07395.723.31$13,487
Oct 201104,33284.983.65$15,805
Sep 201124,42983.623.99$17,820
Aug 201104,63283.404.15$19,220
Jul 20111584,77994.144.52$36,462
Jun 201104,68092.904.64$21,715
May 201105,03998.134.40$22,196
Apr 201105,086105.964.33$22,039
Mar 201105,47196.364.06$22,198
Feb 201104,90285.644.18$20,490
Jan 201105,71386.504.59$26,216
Dec 201045,81785.734.35$25,634
Nov 20101845,89080.843.80$37,229
Oct 201016,30678.103.51$22,205
Sep 201036,26272.633.98$25,137
Aug 201056,74273.684.42$30,164
Jul 20101097,02772.554.74$41,191
Jun 2010106,92770.364.91$34,718
May 201017,10571.124.24$30,162
Apr 201037,15081.694.12$29,722
Mar 201037,81378.394.39$34,524
Feb 201007,46973.585.44$40,649
Jan 20101878,58374.365.96$65,095
Dec 200918,80471.445.48$48,350
Nov 200938,99774.593.75$33,976
Oct 20091809,44072.544.11$51,858
Sep 200909,21265.543.06$28,232
Aug 2009310,22467.423.22$33,108
Jul 20091310,59461.133.46$37,498
Jun 20091110,49966.163.90$41,621
May 2009411,11554.743.93$43,854
Apr 200910511,86146.773.59$47,462
Mar 20091413,37842.144.06$54,891
Feb 2009716,26732.814.63$75,595
Jan 2009015,32535.865.37$82,311
Dec 200820718,06637.105.98$115,663
Nov 20081719,78755.496.86$136,689
Oct 2008022,92775.246.92$158,700
Sep 20081622,146101.767.88$176,074
Aug 2008515,407114.228.48$131,269
Jul 200813132,091131.0811.39$382,670
Jun 2008015,297131.3313.03$199,360

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.

Sep 2024 — as filed, then multipliedworked
Condensate            95 bbl  × $ 69.61 =     $6,613
Gas                    0 Mcf  × $  2.36 =         $0

────────────────────────────────────────────────────
Month total                                   $6,613

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/241900 is the state's own key, not one this site invented.