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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 243003District 05Field 463356002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.6 M
Mar 2008 – May 2026
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
219
no gaps in the span
Streams
2
condensate, gas

The JEWETT (TRAVIS PEAK) field

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 Gas112009-06-26186642
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
CondensateDisposition164 bbl$11,118
GasProduction487,980 Mcf$2,631,115
Total$2,642,233

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 31.3566, -96.1277. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.35658, -96.12772 · 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
11,110 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 11,110 ft.

Completions filed
Apr 2008
1 of 1 wells

1 well

42-28931672211,110 ftApr 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 (219)

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

219 months

May 2026039106.413.05$119
Apr 202604198.932.87$118
Mar 202607689.753.15$239
Feb 202603463.503.75$128
Jan 2026012459.138.00$992
Dec 202506856.664.41$300
Nov 202508758.593.93$342
Oct 2025010959.383.30$360
Sep 20250062.743.08$0
Aug 2025014863.933.01$446
Jul 202505266.743.32$172
Jun 2025012966.483.13$404
May 202508360.553.23$268
Apr 2025014862.363.54$524
Mar 2025016967.704.27$721
Feb 2025127570.884.34$1,265
Jan 20250074.324.28$0
Dec 2024029468.993.12$918
Nov 2024116069.052.20$421
Oct 2024017071.372.28$388
Sep 20240069.612.36$0
Aug 2024020075.632.06$413
Jul 2024025979.932.15$556
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 2024018884.451.66$312
Mar 2024017080.301.55$263
Feb 2024084976.091.78$1,514
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 202301085.443.09$31
Sep 202309389.042.74$254
Aug 2023036080.522.67$962
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 2023018670.622.23$414
Apr 2023012178.122.24$271
Mar 202308772.852.39$208
Feb 202304975.112.47$121
Jan 202307976.533.39$268
Dec 202205576.415.73$315
Nov 202203585.005.65$198
Oct 2022010687.185.86$622
Sep 2022015184.888.16$1,233
Aug 2022019794.529.13$1,798
Jul 20220209101.587.54$1,576
Jun 20220191115.097.98$1,524
May 20220221109.378.43$1,864
Apr 20220250104.226.84$1,709
Mar 20220302108.885.08$1,533
Feb 2022070191.054.86$3,406
Jan 2022052081.844.54$2,360
Dec 2021049871.323.90$1,942
Nov 2021051477.435.24$2,692
Oct 2021045179.795.71$2,577
Sep 2021066369.865.35$3,548
Aug 202101,35166.024.22$5,702
Jul 202101,37270.783.98$5,463
Jun 202101,17669.493.38$3,976
May 202107063.483.02$211
Apr 2021059760.362.76$1,647
Mar 2021047061.302.72$1,277
Feb 2021039457.805.55$2,186
Jan 2021040650.412.81$1,141
Dec 2020034944.642.68$934
Nov 2020035738.772.71$966
Oct 2020039936.972.48$989
Sep 2020037437.091.99$745
Aug 2020036139.982.39$861
Jul 2020041338.371.83$754
Jun 2020041434.901.69$700
May 2020040516.921.81$735
Apr 2020048514.751.80$875
Mar 2020051430.341.86$954
Feb 2020040049.881.98$792
Jan 2020050957.252.09$1,066
Dec 2019054859.012.30$1,263
Nov 2019053555.302.75$1,472
Oct 2019061253.472.42$1,480
Sep 2019062355.052.66$1,655
Aug 2019065953.112.30$1,519
Jul 2019076656.272.46$1,884
Jun 2019078152.782.49$1,946
May 2019071958.482.74$1,970
Apr 2019064662.632.75$1,777
Mar 2019073256.803.06$2,241
Feb 2019062850.852.79$1,754
Jan 2019075446.033.23$2,434
Dec 2018076346.594.19$3,193
Nov 2018072852.934.24$3,085
Oct 2018071761.443.40$2,436
Sep 2018081059.543.11$2,517
Aug 2018079359.403.07$2,432
Jul 2018086865.142.93$2,545
Jun 2018091460.183.08$2,812
May 2018090565.382.90$2,625
Apr 2018088963.842.90$2,579
Mar 2018094261.222.79$2,625
Feb 2018089261.782.77$2,467
Jan 2018088762.874.01$3,556
Dec 2017098257.272.92$2,869
Nov 2017090155.423.12$2,810
Oct 201701,06449.292.98$3,175
Sep 201701,03047.523.09$3,180
Aug 201701,08045.373.00$3,245
Jul 201701,15643.873.09$3,569
Jun 201701,13542.493.09$3,504
May 201701,18245.373.26$3,857
Apr 201701,20347.933.21$3,864
Mar 201701,05246.772.98$3,139
Feb 201701,24250.452.95$3,667
Jan 201701,05949.413.42$3,621
Dec 2016099948.763.72$3,719
Nov 2016092542.492.64$2,446
Oct 201601,09946.193.09$3,396
Sep 201601,24541.553.10$3,860
Aug 201601,56541.442.92$4,577
Jul 201606,32941.622.92$18,508
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 201511,30632.362.00$2,646
Nov 201501,91338.792.17$4,146
Oct 201502,00743.552.43$4,870
Sep 201501,98442.992.76$5,473
Aug 201502,17540.162.87$6,248
Jul 201502,13448.152.95$6,285
Jun 201501,98756.152.88$5,728
May 201502,07455.212.96$6,130
Apr 201502,05449.822.71$5,559
Mar 201502,07342.892.93$6,084
Feb 201502,01044.662.98$5,982
Jan 201502,11243.433.10$6,549
Dec 201402,30554.693.59$8,278
Nov 201402,11170.464.25$8,976
Oct 201402,38278.303.90$9,292
Sep 201402,35486.164.05$9,523
Aug 201432,49189.394.04$10,320
Jul 201432,52596.564.18$10,843
Jun 201402,57298.164.74$12,183
May 201432,75594.734.73$13,306
Apr 201412,72695.944.81$13,206
Mar 201402,68395.895.06$13,567
Feb 201412,43197.406.19$15,150
Jan 201402,83790.404.86$13,790
Dec 201302,92991.824.35$12,754
Nov 201302,94288.853.74$10,998
Oct 201303,13597.423.78$11,848
Sep 201303,122104.113.72$11,607
Aug 201303,224104.253.52$11,357
Jul 201303,307102.523.72$12,295
Jun 201303,27294.403.93$12,870
May 201303,42094.834.15$14,190
Apr 201303,24193.964.28$13,880
Mar 201303,37693.623.91$13,210
Feb 201303,02291.233.42$10,335
Jan 201302,78591.603.42$9,524
Dec 201202,93686.773.42$10,042
Nov 201202,62286.953.62$9,505
Oct 201222,72589.383.40$9,443
Sep 201202,49694.672.92$7,284
Aug 201202,59592.662.91$7,547
Jul 201202,56685.133.02$7,751
Jun 201202,53279.822.52$6,378
May 201222,48591.612.49$6,367
Apr 201202,363101.652.00$4,718
Mar 201202,381105.052.22$5,291
Feb 201202,168101.102.57$5,572
Jan 201202,31898.092.73$6,338
Dec 201102,18396.873.24$7,072
Nov 201102,10095.723.31$6,954
Oct 201102,12484.983.65$7,750
Sep 201112,15883.623.99$8,685
Aug 201102,38483.404.15$9,892
Jul 201102,45394.144.52$11,081
Jun 201102,61092.904.64$12,110
May 201102,80898.134.40$12,369
Apr 201102,824105.964.33$12,237
Mar 201103,02296.364.06$12,261
Feb 201102,69485.644.18$11,261
Jan 201103,23186.504.59$14,826
Dec 201023,22885.734.35$14,206
Nov 201043,45780.843.80$13,444
Oct 201003,78978.103.51$13,295
Sep 201033,75272.633.98$15,149
Aug 201054,08073.684.42$18,399
Jul 201014,16272.554.74$19,786
Jun 201054,17370.364.91$20,843
May 201004,51871.124.24$19,135
Apr 201024,53281.694.12$18,847
Mar 201014,83378.394.39$21,289
Feb 201003,98273.585.44$21,671
Jan 201024,84674.365.96$29,051
Dec 200915,07071.445.48$27,874
Nov 200935,47674.593.75$20,767
Oct 200926,48372.544.11$26,792
Sep 200916,64165.543.06$20,419
Aug 200937,24267.423.22$23,511
Jul 200987,44261.133.46$26,272
Jun 200987,35166.163.90$29,161
May 200927,77254.743.93$30,620
Apr 2009148,52946.773.59$31,253
Mar 20091010,03442.144.06$41,149
Feb 2009712,65832.814.63$58,874
Jan 2009012,64835.865.37$67,932
Dec 20081214,67937.105.98$88,184
Nov 20082810,08655.496.86$70,747
Oct 20080375.246.92$21
Sep 200804,606101.767.88$36,282
Aug 200827,754114.228.48$66,006
Jul 2008410,346131.0811.39$118,359
Jun 2008115,328131.3313.03$199,895
May 2008024,249123.1711.57$280,665
Apr 20081425,314110.3110.45$266,199
Mar 2008012,267101.909.66$118,549

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                   39 Mcf  × $  3.05 =       $119

────────────────────────────────────────────────────
Month total                                     $119

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/243003 is the state's own key, not one this site invented.