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WATSON SU

Operated by EXCO OPERATING COMPANY, LP (P-5 256915) 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 262775District 06Field 160323002 tax incentive programmesGasSaveExport
Value, all time
$7.9 M
Aug 2011 – May 2026
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
178
no gaps in the span
Streams
1
gas

The CARTHAGE (HAYNESVILLE SHALE) 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 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 Gas112012-04-23205694
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
GasProduction2,292,638 Mcf$7,879,894
Total$7,879,894

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 31.5860, -94.2864. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.58603, -94.28639 · 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
13,075 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 13,075 ft.

Completions filed
Aug 2011
1 of 1 wells

1 well

42-405304381H13,075 ftAug 2011——

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 (178)

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

178 months

May 2026362106.413.05$1,103
Apr 2026098.932.87$0
Mar 202618289.753.15$573
Feb 202626663.503.75$998
Jan 202610859.138.00$864
Dec 202520156.664.41$887
Nov 202515858.593.93$620
Oct 202515059.383.30$496
Sep 202516362.743.08$502
Aug 20259563.933.01$286
Jul 202513266.743.32$438
Jun 202515366.483.13$479
May 202516860.553.23$543
Apr 202518162.363.54$641
Mar 202514167.704.27$602
Feb 202519570.884.34$846
Jan 202518974.324.28$809
Dec 202426968.993.12$840
Nov 2024069.052.20$0
Oct 202420671.372.28$470
Sep 202412469.612.36$293
Aug 202434375.632.06$708
Jul 202413779.932.15$294
Jun 202415678.082.63$411
May 202415178.812.20$332
Apr 202424084.451.66$398
Mar 2024080.301.55$0
Feb 202416076.091.78$285
Jan 202437473.023.30$1,233
Dec 2023071.262.61$0
Nov 202316377.892.81$458
Oct 202326185.443.09$806
Sep 2023089.042.74$0
Aug 202326380.522.67$703
Jul 2023074.852.64$0
Jun 202311668.962.26$262
May 202312870.622.23$285
Apr 202313578.122.24$302
Mar 202315572.852.39$371
Feb 202314475.112.47$355
Jan 202322576.533.39$762
Dec 202210576.415.73$602
Nov 202217385.005.65$977
Oct 20228287.185.86$481
Sep 20229784.888.16$792
Aug 20226794.529.13$612
Jul 2022109101.587.54$822
Jun 2022102115.097.98$814
May 2022202109.378.43$1,703
Apr 2022167104.226.84$1,142
Mar 202231108.885.08$157
Feb 202224891.054.86$1,205
Jan 202220481.844.54$926
Dec 202123471.323.90$912
Nov 202117977.435.24$937
Oct 202131979.795.71$1,823
Sep 202118069.865.35$963
Aug 202125066.024.22$1,055
Jul 202123470.783.98$932
Jun 202123769.493.38$801
May 202119763.483.02$594
Apr 202124460.362.76$673
Mar 202121461.302.72$581
Feb 202119957.805.55$1,104
Jan 202121550.412.81$604
Dec 202021444.642.68$573
Nov 202022238.772.71$601
Oct 202015836.972.48$392
Sep 202017737.091.99$352
Aug 202021539.982.39$513
Jul 202027238.371.83$496
Jun 202024134.901.69$407
May 202019416.921.81$352
Apr 202018414.751.80$332
Mar 202023930.341.86$444
Feb 202015649.881.98$309
Jan 202013457.252.09$281
Dec 201923659.012.30$544
Nov 201917555.302.75$481
Oct 201929153.472.42$704
Sep 201911155.052.66$295
Aug 201922953.112.30$528
Jul 201928256.272.46$694
Jun 201921752.782.49$541
May 201918058.482.74$493
Apr 201928262.632.75$776
Mar 201913956.803.06$426
Feb 201914550.852.79$405
Jan 201927246.033.23$878
Dec 201819746.594.19$825
Nov 2018052.934.24$0
Oct 201821661.443.40$734
Sep 201819159.543.11$594
Aug 201811359.403.07$347
Jul 201820665.142.93$604
Jun 2018060.183.08$0
May 201815465.382.90$447
Apr 201819263.842.90$557
Mar 201815061.222.79$418
Feb 201817561.782.77$484
Jan 201822662.874.01$906
Dec 201720257.272.92$590
Nov 201730955.423.12$964
Oct 201717449.292.98$519
Sep 201721147.523.09$651
Aug 201719745.373.00$592
Jul 201737043.873.09$1,142
Jun 201734742.493.09$1,071
May 201730045.373.26$979
Apr 201733047.933.21$1,060
Mar 201737146.772.98$1,107
Feb 201744150.452.95$1,302
Jan 201749349.413.42$1,685
Dec 201670548.763.72$2,625
Nov 2016042.492.64$0
Oct 201664846.193.09$2,002
Sep 201656641.553.10$1,755
Aug 201669941.442.92$2,044
Jul 20164541.622.92$132
Jun 20165645.352.69$150
May 201615042.521.99$299
Apr 201611736.561.99$233
Mar 2016033.011.79$0
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 2015032.362.00$0
Nov 20151938.792.17$41
Oct 201564143.552.43$1,555
Sep 20155,54542.992.76$15,295
Aug 20159,41740.162.87$27,050
Jul 201510,14448.152.95$29,875
Jun 20159,50956.152.88$27,413
May 201511,45155.212.96$33,843
Apr 201511,34949.822.71$30,717
Mar 201511,85942.892.93$34,803
Feb 201511,49244.662.98$34,202
Jan 201513,60543.433.10$42,184
Dec 201414,77654.693.59$53,066
Nov 201414,44970.464.25$61,435
Oct 201415,50078.303.90$60,465
Sep 201415,15386.164.05$61,301
Aug 201415,43989.394.04$62,298
Jul 201415,23896.564.18$63,689
Jun 201415,98198.164.74$75,700
May 201417,34994.734.73$82,001
Apr 201418,11595.944.81$87,117
Mar 201418,37495.895.06$92,914
Feb 201417,84697.406.19$110,502
Jan 201422,17090.404.86$107,762
Dec 201323,67191.824.35$103,075
Nov 201321,53388.853.74$80,496
Oct 201320,64397.423.78$78,017
Sep 201322,043104.113.72$81,950
Aug 201325,060104.253.52$88,277
Jul 201328,071102.523.72$104,361
Jun 201329,33694.403.93$115,391
May 201336,64494.834.15$152,039
Apr 201329,48193.964.28$126,255
Mar 201337,99893.623.91$148,681
Feb 201325,33191.233.42$86,630
Jan 201332,24791.603.42$110,282
Dec 201237,52286.773.42$128,331
Nov 201228,42386.953.62$103,032
Oct 201241,56189.383.40$141,294
Sep 201248,81694.672.92$142,465
Aug 201263,23992.662.91$183,909
Jul 201250,37485.133.02$152,170
Jun 201258,59879.822.52$147,611
May 201262,46891.612.49$155,440
Apr 201250,441101.652.00$100,721
Mar 201265,992105.052.22$146,640
Feb 201288,057101.102.57$226,328
Jan 2012124,42398.092.73$340,182
Dec 2011160,56296.873.24$520,179
Nov 2011188,51395.723.31$624,219
Oct 2011225,11684.983.65$821,345
Sep 2011263,79583.623.99$1,051,434
Aug 201182,86083.404.15$343,813

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
Gas                  362 Mcf  × $  3.05 =     $1,103

────────────────────────────────────────────────────
Month total                                   $1,103

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/262775 is the state's own key, not one this site invented.