WALTON, J. B.

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the KERMIT (YATES) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 125356District 08Field 49038639Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$1.4 M
Jan 1993 – Feb 2025
Value, last 12 filed months
$0
at the published price for each month
Months reported
386
no gaps in the span
Streams
1
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 215 leases and 215 wells, and the rule below applies to all of them.

Discovered
1928-05-05
as the register files it
Field class
Gas
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1987-06-15.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA SUSPENDED 4/1/95 PER COMPLETED AOF SURVEY

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
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
GasProduction493,547 Mcf$1,355,239
Total$1,355,239

152,477 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 31.9396, -103.1462. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.93960, -103.14618 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
2,925 ft
1 wells filed one
Completion to plug
37.5 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 2,925 ft.

Completions filed
Aug 1987
1 of 1 wells
Plug dates filed
Feb 2025
1 of 1 wells

Last completion to plug: a median of 37.5 years across the 1 well that filed both dates, with the middle half between 37.5 years and 37.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-495321233192,925 ftAug 1987Feb 2025Yes

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 (386)

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

386 months

Feb 2025070.884.34$0
Jan 2025074.324.28$0
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 2024071.372.28$0
Sep 2024069.612.36$0
Aug 2024075.632.06$0
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 2024073.023.30$0
Dec 2023071.262.61$0
Nov 2023077.892.81$0
Oct 2023085.443.09$0
Sep 2023089.042.74$0
Aug 2023080.522.67$0
Jul 2023074.852.64$0
Jun 2023068.962.26$0
May 2023070.622.23$0
Apr 2023078.122.24$0
Mar 2023072.852.39$0
Feb 2023075.112.47$0
Jan 2023076.533.39$0
Dec 2022076.415.73$0
Nov 2022085.005.65$0
Oct 2022187.185.86$6
Sep 2022384.888.16$24
Aug 2022394.529.13$27
Jul 20226101.587.54$45
Jun 20225115.097.98$40
May 20226109.378.43$51
Apr 20224104.226.84$27
Mar 20224108.885.08$20
Feb 2022491.054.86$19
Jan 2022481.844.54$18
Dec 2021471.323.90$16
Nov 2021477.435.24$21
Oct 2021479.795.71$23
Sep 2021169.865.35$5
Aug 2021566.024.22$21
Jul 2021470.783.98$16
Jun 2021069.493.38$0
May 20217263.483.02$217
Apr 20216760.362.76$185
Mar 20217961.302.72$215
Feb 20216257.805.55$344
Jan 20218550.412.81$239
Dec 20209244.642.68$246
Nov 202011338.772.71$306
Oct 20203036.972.48$74
Sep 20208837.091.99$175
Aug 20207739.982.39$184
Jul 202010238.371.83$186
Jun 20208934.901.69$150
May 20207016.921.81$127
Apr 20206614.751.80$119
Mar 20206630.341.86$123
Feb 20206449.881.98$127
Jan 20207457.252.09$155
Dec 20197159.012.30$164
Nov 20196955.302.75$190
Oct 2019053.472.42$0
Sep 20195255.052.66$138
Aug 20195753.112.30$131
Jul 20195756.272.46$140
Jun 20199152.782.49$227
May 20199758.482.74$266
Apr 201910062.632.75$275
Mar 20199856.803.06$300
Feb 20198850.852.79$246
Jan 201910546.033.23$339
Dec 20188046.594.19$335
Nov 201810152.934.24$428
Oct 20188561.443.40$289
Sep 201821159.543.11$656
Aug 201860359.403.07$1,849
Jul 201865265.142.93$1,912
Jun 201868260.183.08$2,098
May 201866965.382.90$1,941
Apr 201869163.842.90$2,004
Mar 201873461.222.79$2,046
Feb 201855161.782.77$1,524
Jan 201853762.874.01$2,153
Dec 201766457.272.92$1,940
Nov 201767455.423.12$2,102
Oct 201738849.292.98$1,158
Sep 201750647.523.09$1,562
Aug 201756745.373.00$1,703
Jul 201745343.873.09$1,399
Jun 201718042.493.09$556
May 201728645.373.26$933
Apr 201743247.933.21$1,387
Mar 201721946.772.98$653
Feb 201750250.452.95$1,482
Jan 201765949.413.42$2,253
Dec 201660548.763.72$2,252
Nov 201665342.492.64$1,727
Oct 201678446.193.09$2,423
Sep 201684841.553.10$2,629
Aug 201680741.442.92$2,360
Jul 201684741.622.92$2,477
Jun 201679345.352.69$2,130
May 201676542.521.99$1,523
Apr 201673336.561.99$1,459
Mar 201671933.011.79$1,290
Feb 201649026.472.06$1,011
Jan 201665027.352.36$1,537
Dec 201564632.362.00$1,293
Nov 201563138.792.17$1,368
Oct 201573143.552.43$1,774
Sep 201576942.992.76$2,121
Aug 201576940.162.87$2,209
Jul 201561248.152.95$1,802
Jun 201549956.152.88$1,439
May 201553155.212.96$1,569
Apr 201575849.822.71$2,052
Mar 201576742.892.93$2,251
Feb 201573744.662.98$2,193
Jan 201575043.433.10$2,325
Dec 201467554.693.59$2,424
Nov 201485670.464.25$3,640
Oct 201481378.303.90$3,171
Sep 201454786.164.05$2,213
Aug 201487489.394.04$3,527
Jul 201475396.564.18$3,147
Jun 201473298.164.74$3,467
May 201479194.734.73$3,739
Apr 201485895.944.81$4,126
Mar 201491395.895.06$4,617
Feb 201483697.406.19$5,177
Jan 201493290.404.86$4,530
Dec 201386491.824.35$3,762
Nov 201366688.853.74$2,490
Oct 201336197.423.78$1,364
Sep 2013669104.113.72$2,487
Aug 2013963104.253.52$3,392
Jul 2013829102.523.72$3,082
Jun 201393094.403.93$3,658
May 201394794.834.15$3,929
Apr 201383793.964.28$3,585
Mar 201370193.623.91$2,743
Feb 201376591.233.42$2,616
Jan 201376991.603.42$2,630
Dec 201254786.773.42$1,871
Nov 201259186.953.62$2,142
Oct 201248189.383.40$1,635
Sep 201248594.672.92$1,415
Aug 201252192.662.91$1,515
Jul 201238485.133.02$1,160
Jun 201224579.822.52$617
May 20123391.612.49$82
Apr 2012569101.652.00$1,136
Mar 2012542105.052.22$1,204
Feb 2012498101.102.57$1,280
Jan 201257098.092.73$1,558
Dec 2011096.873.24$0
Nov 201140795.723.31$1,348
Oct 201147284.983.65$1,722
Sep 201150983.623.99$2,029
Aug 201141983.404.15$1,739
Jul 201127494.144.52$1,238
Jun 201164092.904.64$2,970
May 201196398.134.40$4,242
Apr 2011974105.964.33$4,221
Mar 201184096.364.06$3,408
Feb 201172785.644.18$3,039
Jan 201190386.504.59$4,144
Dec 20101,56185.734.35$6,787
Nov 20101,45680.843.80$5,526
Oct 20101,83678.103.51$6,442
Sep 20101,73172.633.98$6,888
Aug 201084773.684.42$3,743
Jul 20101,42672.554.74$6,754
Jun 20101,34570.364.91$6,604
May 20101,57771.124.24$6,679
Apr 20101,34181.694.12$5,529
Mar 20101,40778.394.39$6,175
Feb 20101,22673.585.44$6,672
Jan 20101,17174.365.96$6,984
Dec 20091,16871.445.48$6,405
Nov 20091,52074.593.75$5,702
Oct 20091,35472.544.11$5,565
Sep 200999465.543.06$3,046
Aug 200944167.423.22$1,419
Jul 200967561.133.46$2,339
Jun 20091,16766.163.90$4,545
May 20091,14754.743.93$4,503
Apr 200993046.773.59$3,336
Mar 20091,12542.144.06$4,566
Feb 200992232.814.63$4,272
Jan 20091,27935.865.37$6,870
Dec 20081,32137.105.98$7,896
Nov 20081,59255.496.86$10,922
Oct 200869675.246.92$4,818
Sep 20080101.767.88$0
Aug 20080114.228.48$0
Jul 20080131.0811.39$0
Jun 20080131.3313.03$0
May 20080123.1711.57$0
Apr 20080110.3110.45$0
Mar 20080101.909.66$0
Feb 200836292.538.77$3,175
Jan 200862990.388.21$5,161
Dec 200752988.337.30$3,863
Nov 200763891.677.29$4,652
Oct 20071,02882.856.92$7,116
Sep 20071,02475.846.24$6,394
Aug 200770569.066.39$4,504
Jul 20071,00070.906.39$6,388
Jun 200782262.007.55$6,205
May 200799558.747.85$7,807
Apr 20071,07459.617.81$8,383
Mar 200726256.927.30$1,913
Feb 20073355.108.22$271
Jan 200788650.306.73$5,960
Dec 200676756.656.92$5,306
Nov 20061,11654.207.62$8,501
Oct 200668954.906.01$4,144
Sep 200694660.085.04$4,765
Aug 20061,13268.717.34$8,309
Jul 200652669.376.34$3,336
Jun 200653466.286.38$3,409
May 20061,02866.016.42$6,605
Apr 200645064.397.36$3,312
Mar 200665656.707.08$4,646
Feb 200658157.597.75$4,503
Jan 200662260.598.93$5,557
Dec 200588454.9413.42$11,859
Nov 20051,01354.6910.59$10,726
Oct 20051,06658.3413.80$14,706
Sep 200594261.4512.08$11,378
Aug 20051,22361.519.80$11,982
Jul 20051,19155.697.84$9,342
Jun 20051,14152.337.38$8,422
May 20051,20245.226.65$7,995
Apr 200597949.207.36$7,206
Mar 20051,22350.377.15$8,750
Feb 20051,12245.226.31$7,082
Jan 20051,33143.166.32$8,415
Dec 20041,24839.866.75$8,425
Nov 20041,24845.286.33$7,900
Oct 20041,32649.706.52$8,639
Sep 20041,30643.245.28$6,901
Aug 20041,14042.375.55$6,328
Jul 20041,13038.286.08$6,875
Jun 20041,03236.106.43$6,639
May 20041,08737.486.49$7,060
Apr 20041,06234.475.86$6,222
Mar 20041,33934.365.53$7,405
Feb 20041,33632.455.51$7,361
Jan 20041,38232.036.30$8,706
Dec 20031,23630.266.30$7,789
Nov 20031,21328.804.60$5,574
Oct 20031,34428.174.76$6,397
Sep 20031,26826.314.75$6,022
Aug 20031,32729.765.13$6,807
Jul 20031,30129.415.17$6,727
Jun 20031,40128.565.98$8,382
May 20031,96826.595.97$11,754
Apr 20032,05926.675.41$11,134
Mar 20032,14731.146.10$13,088
Feb 20031,65233.487.93$13,094
Jan 20031,15630.315.58$6,453
Dec 20021,37726.914.85$6,684
Nov 20022,16524.664.14$8,957
Oct 20021,70226.464.23$7,198
Sep 20022,03027.443.64$7,379
Aug 20022,13325.963.16$6,749
Jul 20021,75624.583.06$5,376
Jun 20022,84023.733.34$9,481
May 20021,23124.663.58$4,412
Apr 20021,63423.653.51$5,739
Mar 20021,60822.003.10$4,989
Feb 20021,43818.222.38$3,416
Jan 20021,50617.172.38$3,578
Dec 20011,62616.932.36$3,845
Nov 20011,66618.072.41$4,008
Oct 20011,75819.782.53$4,446
Sep 20011,78124.262.25$4,010
Aug 20011,94824.873.05$5,948
Jul 20012,04423.933.20$6,535
Jun 20012,06624.563.82$7,901
May 20012,35725.524.31$10,152
Apr 20012,34224.685.34$12,495
Mar 20012,07724.545.38$11,167
Feb 20011,84027.755.77$10,611
Jan 20012,15427.478.40$18,091
Dec 20002,07726.889.12$18,947
Nov 20002,37232.215.66$13,421
Oct 20002,45931.235.15$12,653
Sep 20002,81831.875.19$14,616
Aug 20002,09129.644.54$9,495
Jul 20001,97128.534.09$8,061
Jun 20002,30329.304.40$10,127
May 20003,41527.263.68$12,566
Apr 20002,47124.513.12$7,700
Mar 20002,11428.422.86$6,046
Feb 20001,76927.622.73$4,823
Jan 200095525.272.48$2,369
Dec 199988524.282.42$2,145
Nov 19992,43323.192.43$5,922
Oct 19992,73520.982.80$7,668
Sep 19992,71521.752.62$7,110
Aug 19993,10019.262.88$8,914
Jul 19993,15817.892.37$7,492
Jun 19992,91115.942.36$6,876
May 19992,97415.792.32$6,903
Apr 19993,15315.102.21$6,962
Mar 19993,12712.471.84$5,748
Feb 19992,9509.981.82$5,362
Jan 19993,13010.381.90$5,947
Dec 19983,6279.201.77$6,432
Nov 19983,45110.892.19$7,543
Oct 19983,40512.421.97$6,705
Sep 19983,30712.592.08$6,887
Aug 19983,57411.301.91$6,817
Jul 19983,63511.742.24$8,132
Jun 19983,58611.242.24$8,023
May 19983,81712.622.21$8,422
Apr 19983,54813.042.51$8,889
Mar 19984,34812.802.31$10,041
Feb 19981,64413.952.30$3,780
Jan 19981,08914.702.15$2,347
Dec 19973,45816.322.41$8,338
Nov 19973,32718.193.09$10,275
Oct 19973,45319.253.15$10,876
Sep 19973,24517.742.95$9,589
Aug 19972,68817.862.55$6,867
Jul 19972,51917.582.25$5,660
Jun 19972,26317.242.26$5,108
May 19973,31118.972.31$7,643
Apr 19973,50917.882.08$7,308
Mar 19973,49518.951.94$6,777
Feb 19972,55820.492.21$5,643
Jan 19972,99623.483.54$10,605
Dec 19963,40823.32$0
Nov 19963,42721.97$0
Oct 19963,53923.31$0
Sep 19963,33222.22$0
Aug 19963,06020.26$0
Jul 19963,49919.55$0
Jun 19963,20618.73$0
May 19963,35219.43$0
Apr 19963,64421.51$0
Mar 19963,52819.38$0
Feb 19963,21416.98$0
Jan 19963,44417.07$0
Dec 19953,27117.19$0
Nov 19953,43016.00$0
Oct 19953,33015.43$0
Sep 19953,09916.18$0
Aug 19953,18315.92$0
Jul 19953,29515.24$0
Jun 19953,26816.41$0
May 19953,56017.56$0
Apr 19953,28317.73$0
Mar 19953,45816.44$0
Feb 19953,16716.58$0
Jan 19953,14815.92$0
Dec 19943,26915.03$0
Nov 19943,22815.90$0
Oct 19943,45715.58$0
Sep 19943,06415.29$0
Aug 19943,19816.13$0
Jul 19943,36717.56$0
Jun 19943,31717.09$0
May 19943,29615.88$0
Apr 19943,30214.14$0
Mar 19943,37412.46$0
Feb 19943,05312.50$0
Jan 19942,92612.66$0
Dec 1993012.33$0
Nov 19932,69014.49$0
Oct 19932,73415.85$0
Sep 19932,70615.03$0
Aug 19932,88815.66$0
Jul 19932,92115.46$0
Jun 19933,04816.79$0
May 19933,50717.68$0
Apr 19933,26818.05$0
Mar 19933,33018.14$0
Feb 19933,05517.90$0
Jan 19933,33416.93$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.

Oct 2022 — as filed, then multipliedworked
Gas                    1 Mcf  × $  5.86 =         $6

────────────────────────────────────────────────────
Month total                                       $6

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. 08/G/125356 is the state's own key, not one this site invented.