WATKINS SCHOLARSHIP TRUST

Name: WATKINS SCHOLARSHIP TRUST lease production and value, Oct 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SABINE OIL & GAS CORPORATION (P-5 742143) in the MINDEN (COTTON VALLEY CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 234700District 06Field 617921112 tax incentive programmesCondensateGasSave Export

Value, all time

$1.1 M

Oct 2007 – Jan 2019

Value, last 12 filed months

$25 k

at the published price for each month

Months reported

136

no gaps in the span

Streams

condensate, gas

The MINDEN (COTTON VALLEY CONS.) 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 456 leases and 456 wells, and the rule below applies to all of them.

Discovered

2005-09-27

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: “EXCEPTION TO SWR51(A) 30 DAY RULE.”

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
High Cost Gas	1	1	2010-07-27	199124
NGPA	1	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	1,039 bbl	$83,325
Gas	Production	182,340 Mcf	$1,045,336
Total			$1,128,661

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 32.1477, -94.7606. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.14774, -94.76065 · 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

0.0%

0 of 1 wells

Median depth

10,950 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 10,950 ft.

Completions filed

Aug 2020

1 of 1 wells

1 well


42-40134399	2	10,950 ft	Aug 2020	—	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 (136)

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

136 months


Jan 2019	24	0	46.03	3.23	$1,105
Dec 2018	0	451	46.59	4.19	$1,888
Nov 2018	0	378	52.93	4.24	$1,602
Oct 2018	0	312	61.44	3.40	$1,060
Sep 2018	0	494	59.54	3.11	$1,535
Aug 2018	0	447	59.40	3.07	$1,371
Jul 2018	0	500	65.14	2.93	$1,466
Jun 2018	0	515	60.18	3.08	$1,585
May 2018	0	361	65.38	2.90	$1,047
Apr 2018	0	524	63.84	2.90	$1,520
Mar 2018	136	553	61.22	2.79	$9,867
Feb 2018	0	484	61.78	2.77	$1,339
Jan 2018	0	546	62.87	4.01	$2,189
Dec 2017	0	421	57.27	2.92	$1,230
Nov 2017	0	355	55.42	3.12	$1,107
Oct 2017	0	509	49.29	2.98	$1,519
Sep 2017	0	400	47.52	3.09	$1,235
Aug 2017	0	392	45.37	3.00	$1,178
Jul 2017	0	420	43.87	3.09	$1,297
Jun 2017	0	430	42.49	3.09	$1,328
May 2017	0	451	45.37	3.26	$1,472
Apr 2017	0	497	47.93	3.21	$1,596
Mar 2017	0	457	46.77	2.98	$1,364
Feb 2017	0	315	50.45	2.95	$930
Jan 2017	0	475	49.41	3.42	$1,624
Dec 2016	0	407	48.76	3.72	$1,515
Nov 2016	0	729	42.49	2.64	$1,928
Oct 2016	0	301	46.19	3.09	$930
Sep 2016	0	331	41.55	3.10	$1,026
Aug 2016	0	501	41.44	2.92	$1,465
Jul 2016	0	1,561	41.62	2.92	$4,565
Jun 2016	0	1,394	45.35	2.69	$3,744
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	477	32.36	2.00	$955
Nov 2015	0	615	38.79	2.17	$1,333
Oct 2015	0	730	43.55	2.43	$1,771
Sep 2015	0	571	42.99	2.76	$1,575
Aug 2015	0	885	40.16	2.87	$2,542
Jul 2015	0	886	48.15	2.95	$2,609
Jun 2015	0	568	56.15	2.88	$1,637
May 2015	0	832	55.21	2.96	$2,459
Apr 2015	0	927	49.82	2.71	$2,509
Mar 2015	0	835	42.89	2.93	$2,450
Feb 2015	0	886	44.66	2.98	$2,637
Jan 2015	0	944	43.43	3.10	$2,927
Dec 2014	0	873	54.69	3.59	$3,135
Nov 2014	0	996	70.46	4.25	$4,235
Oct 2014	0	905	78.30	3.90	$3,530
Sep 2014	0	808	86.16	4.05	$3,269
Aug 2014	0	718	89.39	4.04	$2,897
Jul 2014	0	563	96.56	4.18	$2,353
Jun 2014	0	812	98.16	4.74	$3,846
May 2014	0	629	94.73	4.73	$2,973
Apr 2014	0	540	95.94	4.81	$2,597
Mar 2014	0	467	95.89	5.06	$2,362
Feb 2014	0	619	97.40	6.19	$3,833
Jan 2014	0	1,032	90.40	4.86	$5,016
Dec 2013	0	703	91.82	4.35	$3,061
Nov 2013	0	720	88.85	3.74	$2,692
Oct 2013	0	864	97.42	3.78	$3,265
Sep 2013	0	667	104.11	3.72	$2,480
Aug 2013	0	1,002	104.25	3.52	$3,530
Jul 2013	0	956	102.52	3.72	$3,554
Jun 2013	0	977	94.40	3.93	$3,843
May 2013	0	939	94.83	4.15	$3,896
Apr 2013	0	904	93.96	4.28	$3,871
Mar 2013	0	1,138	93.62	3.91	$4,453
Feb 2013	0	709	91.23	3.42	$2,425
Jan 2013	0	997	91.60	3.42	$3,410
Dec 2012	0	927	86.77	3.42	$3,170
Nov 2012	0	988	86.95	3.62	$3,581
Oct 2012	0	982	89.38	3.40	$3,338
Sep 2012	0	1,025	94.67	2.92	$2,991
Aug 2012	0	966	92.66	2.91	$2,809
Jul 2012	0	590	85.13	3.02	$1,782
Jun 2012	0	712	79.82	2.52	$1,794
May 2012	0	850	91.61	2.49	$2,115
Apr 2012	0	1,004	101.65	2.00	$2,005
Mar 2012	0	1,039	105.05	2.22	$2,309
Feb 2012	0	1,036	101.10	2.57	$2,663
Jan 2012	0	943	98.09	2.73	$2,578
Dec 2011	0	841	96.87	3.24	$2,725
Nov 2011	0	1,159	95.72	3.31	$3,838
Oct 2011	0	506	84.98	3.65	$1,846
Sep 2011	0	758	83.62	3.99	$3,021
Aug 2011	5	1,135	83.40	4.15	$5,126
Jul 2011	8	857	94.14	4.52	$4,624
Jun 2011	0	854	92.90	4.64	$3,962
May 2011	6	1,212	98.13	4.40	$5,927
Apr 2011	7	1,272	105.96	4.33	$6,254
Mar 2011	6	1,420	96.36	4.06	$6,340
Feb 2011	11	1,285	85.64	4.18	$6,313
Jan 2011	9	1,349	86.50	4.59	$6,969
Dec 2010	5	1,527	85.73	4.35	$7,068
Nov 2010	9	1,452	80.84	3.80	$6,238
Oct 2010	9	1,407	78.10	3.51	$5,640
Sep 2010	11	973	72.63	3.98	$4,671
Aug 2010	11	1,229	73.68	4.42	$6,242
Jul 2010	8	1,515	72.55	4.74	$7,756
Jun 2010	14	1,135	70.36	4.91	$6,558
May 2010	7	924	71.12	4.24	$4,411
Apr 2010	14	1,624	81.69	4.12	$7,839
Mar 2010	14	1,827	78.39	4.39	$9,116
Feb 2010	11	1,244	73.58	5.44	$7,580
Jan 2010	14	1,641	74.36	5.96	$10,828
Dec 2009	18	1,853	71.44	5.48	$11,447
Nov 2009	19	1,945	74.59	3.75	$8,714
Oct 2009	13	1,842	72.54	4.11	$8,514
Sep 2009	31	1,837	65.54	3.06	$7,662
Aug 2009	18	1,906	67.42	3.22	$7,348
Jul 2009	13	1,336	61.13	3.46	$5,423
Jun 2009	12	1,348	66.16	3.90	$6,044
May 2009	14	1,564	54.74	3.93	$6,906
Apr 2009	16	1,682	46.77	3.59	$6,783
Mar 2009	23	1,915	42.14	4.06	$8,742
Feb 2009	15	1,586	32.81	4.63	$7,840
Jan 2009	16	1,471	35.86	5.37	$8,475
Dec 2008	10	1,734	37.10	5.98	$10,735
Nov 2008	11	1,872	55.49	6.86	$13,453
Oct 2008	14	2,296	75.24	6.92	$16,946
Sep 2008	15	2,480	101.76	7.88	$21,062
Aug 2008	13	2,746	114.22	8.48	$24,779
Jul 2008	13	2,394	131.08	11.39	$28,970
Jun 2008	25	3,412	131.33	13.03	$47,751
May 2008	32	3,435	123.17	11.57	$43,699
Apr 2008	33	4,508	110.31	10.45	$50,771
Mar 2008	34	5,238	101.90	9.66	$54,085
Feb 2008	50	6,566	92.53	8.77	$62,214
Jan 2008	31	7,295	90.38	8.21	$62,663
Dec 2007	72	10,823	88.33	7.30	$85,389
Nov 2007	120	20,927	91.67	7.29	$163,594
Oct 2007	19	1,516	82.85	6.92	$12,068

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 2019 — as filed, then multipliedworked

Condensate            24 bbl  × $ 46.03 =     $1,105
Gas                    0 Mcf  × $  3.23 =         $0

────────────────────────────────────────────────────
Month total                                   $1,105

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/234700 is the state's own key, not one this site invented.