WATKINS

Operated by FORTUNE RESOURCES LLC (P-5 278755) in the CARTHAGE (HAYNESVILLE SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 254632District 06Field 160323002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.4 M
May 2009 – May 2026
Value, last 12 filed months
$29 k
at the published price for each month
Months reported
205
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 2,565 leases and 2,565 wells, and the rule below applies to all of them.

Discovered
2009-12-15
as the register files it
Field class
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 2013-01-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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 Gas112010-04-23197974
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
CondensateDisposition11 bbl$1,059
GasProduction886,408 Mcf$3,352,732
Total$3,353,791

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 31.8686, -94.1320. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.86859, -94.13199 · 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
11,271 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 11,271 ft.

Completions filed
May 2009
1 of 1 wells

1 well

42-41931427111,271 ftMay 2009

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 (205)

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

205 months

May 202600106.413.05$0
Apr 2026075498.932.87$2,164
Mar 2026067889.753.15$2,135
Feb 2026079863.503.75$2,993
Jan 2026044259.138.00$3,535
Dec 2025078956.664.41$3,482
Nov 2025069458.593.93$2,725
Oct 2025072859.383.30$2,406
Sep 2025079362.743.08$2,440
Aug 2025078863.933.01$2,376
Jul 2025070566.743.32$2,337
Jun 2025092066.483.13$2,878
May 2025074060.553.23$2,392
Apr 2025072462.363.54$2,565
Mar 2025086067.704.27$3,671
Feb 2025064070.884.34$2,778
Jan 2025067274.324.28$2,875
Dec 2024087368.993.12$2,725
Nov 2024079369.052.20$1,743
Oct 2024090771.372.28$2,069
Sep 2024071269.612.36$1,683
Aug 2024096375.632.06$1,987
Jul 2024088479.932.15$1,898
Jun 2024083778.082.63$2,205
May 2024065378.812.20$1,436
Apr 2024075984.451.66$1,259
Mar 2024088780.301.55$1,371
Feb 2024068576.091.78$1,222
Jan 2024085673.023.30$2,823
Dec 2023088171.262.61$2,300
Nov 202301,23277.892.81$3,459
Oct 2023081985.443.09$2,528
Sep 2023062689.042.74$1,712
Aug 2023054080.522.67$1,443
Jul 2023060674.852.64$1,601
Jun 2023099968.962.26$2,256
May 2023097070.622.23$2,161
Apr 2023081478.122.24$1,822
Mar 2023098572.852.39$2,357
Feb 2023067975.112.47$1,674
Jan 2023096576.533.39$3,269
Dec 202201,01676.415.73$5,821
Nov 2022088585.005.65$4,997
Oct 202201,06587.185.86$6,245
Sep 2022097384.888.16$7,943
Aug 2022090994.529.13$8,297
Jul 202201,068101.587.54$8,055
Jun 202201,142115.097.98$9,110
May 202201,049109.378.43$8,846
Apr 202201,128104.226.84$7,713
Mar 202201,117108.885.08$5,670
Feb 2022089291.054.86$4,334
Jan 202201,02381.844.54$4,642
Dec 2021086371.323.90$3,365
Nov 2021087577.435.24$4,582
Oct 202101,15679.795.71$6,605
Sep 202101,08469.865.35$5,800
Aug 202101,34966.024.22$5,694
Jul 202101,67970.783.98$6,686
Jun 2021094469.493.38$3,191
May 202101,10863.483.02$3,344
Apr 202101,05660.362.76$2,913
Mar 202102,15061.302.72$5,841
Feb 2021048457.805.55$2,685
Jan 202101,61150.412.81$4,527
Dec 20200044.642.68$0
Nov 2020094138.772.71$2,547
Oct 202001,23736.972.48$3,066
Sep 202001,93337.091.99$3,849
Aug 202001,90139.982.39$4,534
Jul 202002,18038.371.83$3,979
Jun 202001,57934.901.69$2,669
May 202001,74716.921.81$3,170
Apr 2020041814.751.80$754
Mar 202001,63530.341.86$3,035
Feb 2020024749.881.98$489
Jan 2020045557.252.09$953
Dec 2019078759.012.30$1,814
Nov 2019076855.302.75$2,113
Oct 201901,47353.472.42$3,563
Sep 201901,58055.052.66$4,199
Aug 201901,82853.112.30$4,212
Jul 201902,69956.272.46$6,640
Jun 201901,89452.782.49$4,718
May 201902,08958.482.74$5,725
Apr 201902,40962.632.75$6,626
Mar 201902,98956.803.06$9,153
Feb 201902,21850.852.79$6,193
Jan 201903,34346.033.23$10,792
Dec 201803,02246.594.19$12,648
Nov 201802,87652.934.24$12,186
Oct 201802,71161.443.40$9,212
Sep 201804,34059.543.11$13,489
Aug 201802,90159.403.07$8,896
Jul 201803,31265.142.93$9,710
Jun 201801,61660.183.08$4,972
May 2018090765.382.90$2,631
Apr 2018079563.842.90$2,306
Mar 2018084561.222.79$2,355
Feb 2018046461.782.77$1,283
Jan 2018051562.874.01$2,065
Dec 2017088257.272.92$2,577
Nov 201701,10455.423.12$3,443
Oct 201701,04349.292.98$3,112
Sep 201701,10447.523.09$3,408
Aug 201701,71845.373.00$5,162
Jul 201701,19643.873.09$3,692
Jun 201702,33242.493.09$7,200
May 201701,02045.373.26$3,329
Apr 201701,85047.933.21$5,941
Mar 201702,28046.772.98$6,803
Feb 201702,16450.452.95$6,389
Jan 201702,48849.413.42$8,506
Dec 201602,45348.763.72$9,132
Nov 201601,81642.492.64$4,802
Oct 201601,95346.193.09$6,035
Sep 201601,80441.553.10$5,594
Aug 201602,85341.442.92$8,343
Jul 201602,93841.622.92$8,592
Jun 201602,84045.352.69$7,628
May 201603,12342.521.99$6,218
Apr 201602,98336.561.99$5,939
Mar 201603,02633.011.79$5,429
Feb 201602,82826.472.06$5,836
Jan 201602,66427.352.36$6,299
Dec 201503,31032.362.00$6,625
Nov 201502,33938.792.17$5,069
Oct 201502,33343.552.43$5,661
Sep 201503,00942.992.76$8,300
Aug 201503,04440.162.87$8,744
Jul 201502,91348.152.95$8,579
Jun 201503,07056.152.88$8,850
May 201502,57955.212.96$7,622
Apr 201502,03349.822.71$5,502
Mar 201503,66742.892.93$10,762
Feb 201502,62744.662.98$7,818
Jan 201502,42043.433.10$7,504
Dec 201401,73454.693.59$6,227
Nov 201402,26870.464.25$9,643
Oct 201403,22378.303.90$12,573
Sep 201403,60286.164.05$14,572
Aug 201403,44589.394.04$13,901
Jul 201403,63496.564.18$15,189
Jun 201403,22398.164.74$15,267
May 201403,68794.734.73$17,427
Apr 201403,61695.944.81$17,390
Mar 201404,16395.895.06$21,051
Feb 201414,53397.406.19$28,166
Jan 201403,45590.404.86$16,794
Dec 201303,95691.824.35$17,226
Nov 201323,54688.853.74$13,434
Oct 201313,83597.423.78$14,591
Sep 201303,605104.113.72$13,402
Aug 201324,437104.253.52$15,838
Jul 201315,384102.523.72$20,119
Jun 201305,64894.403.93$22,216
May 201304,87994.834.15$20,243
Apr 201347,36293.964.28$31,904
Mar 201306,94693.623.91$27,179
Feb 201305,93091.233.42$20,280
Jan 201307,64391.603.42$26,138
Dec 201207,53786.773.42$25,778
Nov 201207,95386.953.62$28,829
Oct 201202,74089.383.40$9,315
Sep 201204,56294.672.92$13,314
Aug 201202,86692.662.91$8,335
Jul 201204,38785.133.02$13,252
Jun 201205,39479.822.52$13,588
May 201206,03391.612.49$15,012
Apr 201202,634101.652.00$5,260
Mar 201205,614105.052.22$12,475
Feb 201203,945101.102.57$10,140
Jan 201205,23698.092.73$14,316
Dec 201104,14196.873.24$13,416
Nov 201105,03195.723.31$16,659
Oct 201106,44484.983.65$23,511
Sep 201105,95383.623.99$23,727
Aug 201106,72983.404.15$27,921
Jul 201107,98294.144.52$36,057
Jun 201106,67192.904.64$30,953
May 201108,17598.134.40$36,009
Apr 201107,611105.964.33$32,981
Mar 201107,59296.364.06$30,803
Feb 201107,13985.644.18$29,841
Jan 201108,51986.504.59$39,092
Dec 2010010,02985.734.35$43,604
Nov 201009,63880.843.80$36,579
Oct 2010010,60178.103.51$37,198
Sep 2010010,12472.633.98$40,288
Aug 2010012,60173.684.42$55,688
Jul 2010013,65372.554.74$64,667
Jun 2010013,91670.364.91$68,333
May 2010013,76571.124.24$58,298
Apr 2010015,48281.694.12$63,827
Mar 2010015,30178.394.39$67,151
Feb 2010015,53173.585.44$84,525
Jan 2010019,14574.365.96$114,183
Dec 2009022,20271.445.48$121,750
Nov 2009022,41374.593.75$84,082
Oct 2009027,44272.544.11$112,793
Sep 2009031,14165.543.06$95,439
Aug 2009039,81267.423.22$128,135
Jul 2009054,90461.133.46$190,215
Jun 2009078,10066.163.90$304,200
May 200901,23054.743.93$4,829

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  754 Mcf  × $  2.87 =     $2,164

────────────────────────────────────────────────────
Month total                                   $2,164

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/254632 is the state's own key, not one this site invented.