WATERMAN

Name: WATERMAN lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by WINCHESTER PRODUCTION CO., LTD. (P-5 931353) in the WASKOM (TRAVIS PEAK 7) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 124940District 06Field 95369872NGPA filingCondensateGasSave Export

Value, all time

$160 k

Jan 1993 – Apr 2008

Value, last 12 filed months

$271

at the published price for each month

Months reported

184

no gaps in the span

Streams

condensate, gas

The WASKOM (TRAVIS PEAK 7) 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 64 leases and 64 wells, and the rule below applies to all of them.

Discovered

1987-08-07

as the register files it

Field class

Gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “EFFECTIVE AUGUST.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	2	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	299 bbl	$6,482
Gas	Production	172,001 Mcf	$153,151
Total			$159,632

124,985 Mcf of this lease's gas, across 47 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 32.4646, -94.0456. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.46460, -94.04556 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

Median depth

6,400 ft

1 wells filed one

Completion to plug

18.5 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

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 6,400 ft.

Completions filed

Jul 1987

1 of 1 wells

Plug dates filed

Jan 2006

1 of 1 wells

Last completion to plug: a median of 18.5 years across the 1 well that filed both dates, with the middle half between 18.5 years and 18.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20331617	3	6,400 ft	Jul 1987	Jan 2006	Yes

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 (184)

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

184 months


Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	3	0	90.38	8.21	$271
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	50	0	36.10	6.43	$1,805
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	18	34.36	5.53	$100
Feb 2004	0	362	32.45	5.51	$1,994
Jan 2004	0	277	32.03	6.30	$1,745
Dec 2003	0	400	30.26	6.30	$2,521
Nov 2003	0	323	28.80	4.60	$1,484
Oct 2003	0	388	28.17	4.76	$1,847
Sep 2003	0	487	26.31	4.75	$2,313
Aug 2003	0	470	29.76	5.13	$2,411
Jul 2003	0	470	29.41	5.17	$2,430
Jun 2003	0	361	28.56	5.98	$2,160
May 2003	0	411	26.59	5.97	$2,455
Apr 2003	0	411	26.67	5.41	$2,222
Mar 2003	0	365	31.14	6.10	$2,225
Feb 2003	0	272	33.48	7.93	$2,156
Jan 2003	0	289	30.31	5.58	$1,613
Dec 2002	0	317	26.91	4.85	$1,539
Nov 2002	0	307	24.66	4.14	$1,270
Oct 2002	0	388	26.46	4.23	$1,641
Sep 2002	0	479	27.44	3.64	$1,741
Aug 2002	0	498	25.96	3.16	$1,576
Jul 2002	0	443	24.58	3.06	$1,356
Jun 2002	0	485	23.73	3.34	$1,619
May 2002	0	520	24.66	3.58	$1,864
Apr 2002	0	502	23.65	3.51	$1,763
Mar 2002	0	441	22.00	3.10	$1,368
Feb 2002	0	328	18.22	2.38	$779
Jan 2002	0	355	17.17	2.38	$843
Dec 2001	0	124	16.93	2.36	$293
Nov 2001	0	296	18.07	2.41	$712
Oct 2001	0	157	19.78	2.53	$397
Sep 2001	0	374	24.26	2.25	$842
Aug 2001	0	472	24.87	3.05	$1,441
Jul 2001	0	381	23.93	3.20	$1,218
Jun 2001	0	364	24.56	3.82	$1,392
May 2001	0	429	25.52	4.31	$1,848
Apr 2001	0	413	24.68	5.34	$2,203
Mar 2001	0	417	24.54	5.38	$2,242
Feb 2001	0	428	27.75	5.77	$2,468
Jan 2001	0	412	27.47	8.40	$3,460
Dec 2000	0	412	26.88	9.12	$3,758
Nov 2000	0	405	32.21	5.66	$2,291
Oct 2000	0	452	31.23	5.15	$2,326
Sep 2000	0	381	31.87	5.19	$1,976
Aug 2000	0	467	29.64	4.54	$2,121
Jul 2000	0	458	28.53	4.09	$1,873
Jun 2000	0	426	29.30	4.40	$1,873
May 2000	0	497	27.26	3.68	$1,829
Apr 2000	0	447	24.51	3.12	$1,393
Mar 2000	0	358	28.42	2.86	$1,024
Feb 2000	0	326	27.62	2.73	$889
Jan 2000	0	370	25.27	2.48	$918
Dec 1999	0	466	24.28	2.42	$1,129
Nov 1999	0	429	23.19	2.43	$1,044
Oct 1999	0	508	20.98	2.80	$1,424
Sep 1999	0	487	21.75	2.62	$1,275
Aug 1999	0	519	19.26	2.88	$1,492
Jul 1999	0	495	17.89	2.37	$1,174
Jun 1999	32	460	15.94	2.36	$1,597
May 1999	0	468	15.79	2.32	$1,086
Apr 1999	0	472	15.10	2.21	$1,042
Mar 1999	0	515	12.47	1.84	$947
Feb 1999	0	452	9.98	1.82	$822
Jan 1999	0	534	10.38	1.90	$1,015
Dec 1998	0	547	9.20	1.77	$970
Nov 1998	0	567	10.89	2.19	$1,239
Oct 1998	0	596	12.42	1.97	$1,174
Sep 1998	0	398	12.59	2.08	$829
Aug 1998	0	672	11.30	1.91	$1,282
Jul 1998	0	755	11.74	2.24	$1,689
Jun 1998	0	681	11.24	2.24	$1,524
May 1998	0	672	12.62	2.21	$1,483
Apr 1998	0	726	13.04	2.51	$1,819
Mar 1998	0	786	12.80	2.31	$1,815
Feb 1998	0	752	13.95	2.30	$1,729
Jan 1998	0	900	14.70	2.15	$1,939
Dec 1997	0	953	16.32	2.41	$2,298
Nov 1997	0	841	18.19	3.09	$2,597
Oct 1997	0	851	19.25	3.15	$2,681
Sep 1997	0	1,011	17.74	2.95	$2,987
Aug 1997	0	1,165	17.86	2.55	$2,976
Jul 1997	0	1,185	17.58	2.25	$2,663
Jun 1997	0	1,136	17.24	2.26	$2,564
May 1997	0	1,207	18.97	2.31	$2,786
Apr 1997	0	1,262	17.88	2.08	$2,628
Mar 1997	0	1,350	18.95	1.94	$2,618
Feb 1997	0	1,185	20.49	2.21	$2,614
Jan 1997	0	1,380	23.48	3.54	$4,885
Dec 1996	0	1,487	23.32	—	$0
Nov 1996	0	1,559	21.97	—	$0
Oct 1996	82	1,737	23.31	—	$1,911
Sep 1996	0	1,796	22.22	—	$0
Aug 1996	0	2,022	20.26	—	$0
Jul 1996	0	1,827	19.55	—	$0
Jun 1996	0	2,212	18.73	—	$0
May 1996	0	2,570	19.43	—	$0
Apr 1996	0	2,552	21.51	—	$0
Mar 1996	0	2,772	19.38	—	$0
Feb 1996	0	2,731	16.98	—	$0
Jan 1996	0	3,085	17.07	—	$0
Dec 1995	0	3,323	17.19	—	$0
Nov 1995	0	3,485	16.00	—	$0
Oct 1995	0	3,837	15.43	—	$0
Sep 1995	0	4,078	16.18	—	$0
Aug 1995	0	2,130	15.92	—	$0
Jul 1995	0	1,972	15.24	—	$0
Jun 1995	0	1,659	16.41	—	$0
May 1995	0	664	17.56	—	$0
Apr 1995	0	1,119	17.73	—	$0
Mar 1995	0	3,091	16.44	—	$0
Feb 1995	0	0	16.58	—	$0
Jan 1995	0	585	15.92	—	$0
Dec 1994	0	4,171	15.03	—	$0
Nov 1994	0	4,088	15.90	—	$0
Oct 1994	0	2,606	15.58	—	$0
Sep 1994	0	2,218	15.29	—	$0
Aug 1994	0	2,189	16.13	—	$0
Jul 1994	0	2,221	17.56	—	$0
Jun 1994	0	2,099	17.09	—	$0
May 1994	0	2,105	15.88	—	$0
Apr 1994	0	1,943	14.14	—	$0
Mar 1994	0	1,368	12.46	—	$0
Feb 1994	0	1,139	12.50	—	$0
Jan 1994	0	1,986	12.66	—	$0
Dec 1993	0	1,613	12.33	—	$0
Nov 1993	0	2,128	14.49	—	$0
Oct 1993	0	4,222	15.85	—	$0
Sep 1993	132	3,155	15.03	—	$1,984
Aug 1993	0	4,076	15.66	—	$0
Jul 1993	0	4,083	15.46	—	$0
Jun 1993	0	4,082	16.79	—	$0
May 1993	0	4,153	17.68	—	$0
Apr 1993	0	4,269	18.05	—	$0
Mar 1993	0	4,326	18.14	—	$0
Feb 1993	0	4,027	17.90	—	$0
Jan 1993	0	4,425	16.93	—	$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.

Jan 2008 — as filed, then multipliedworked

Condensate             3 bbl  × $ 90.38 =       $271
Gas                    0 Mcf  × $  8.21 =         $0

────────────────────────────────────────────────────
Month total                                     $271

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. 06/G/124940 is the state's own key, not one this site invented.