STATE WALTON

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 125849District 08Field 49038639Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$754 k
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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
GasProduction211,668 Mcf$753,951
Total$753,951

46,874 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 31.9221, -103.1274. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.92210, -103.12738 · 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
2,815 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 2,815 ft.

Completions filed
Oct 1987
1 of 1 wells

1 well

42-49532124762,815 ftOct 1987

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 (401)

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

401 months

May 20260106.413.05$0
Apr 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 2025058.593.93$0
Oct 2025059.383.30$0
Sep 2025062.743.08$0
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 2025060.553.23$0
Apr 2025062.363.54$0
Mar 2025067.704.27$0
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 2023270.622.23$4
Apr 2023578.122.24$11
Mar 2023172.852.39$2
Feb 2023475.112.47$10
Jan 20233076.533.39$102
Dec 202210576.415.73$602
Nov 2022185.005.65$6
Oct 20222487.185.86$141
Sep 202212084.888.16$980
Aug 202212794.529.13$1,159
Jul 2022242101.587.54$1,825
Jun 2022211115.097.98$1,683
May 2022229109.378.43$1,931
Apr 2022151104.226.84$1,032
Mar 2022165108.885.08$838
Feb 202216491.054.86$797
Jan 202216481.844.54$744
Dec 202117571.323.90$682
Nov 202116877.435.24$880
Oct 202117179.795.71$977
Sep 20214169.865.35$219
Aug 202119766.024.22$831
Jul 20214470.783.98$175
Jun 2021069.493.38$0
May 202117263.483.02$519
Apr 202116160.362.76$444
Mar 202118961.302.72$514
Feb 202114757.805.55$816
Jan 202120450.412.81$573
Dec 202022044.642.68$589
Nov 202026938.772.71$728
Oct 20207236.972.48$178
Sep 202021037.091.99$418
Aug 202018339.982.39$436
Jul 202024438.371.83$445
Jun 202021334.901.69$360
May 202016816.921.81$305
Apr 202015814.751.80$285
Mar 202015730.341.86$291
Feb 202015449.881.98$305
Jan 202017657.252.09$369
Dec 201917059.012.30$392
Nov 201916655.302.75$457
Oct 2019053.472.42$0
Sep 201912455.052.66$330
Aug 201913753.112.30$316
Jul 201913656.272.46$335
Jun 201921752.782.49$541
May 201923158.482.74$633
Apr 201924062.632.75$660
Mar 201923656.803.06$723
Feb 201921050.852.79$586
Jan 201925046.033.23$807
Dec 201819246.594.19$804
Nov 201824252.934.24$1,025
Oct 201820361.443.40$690
Sep 201818959.543.11$587
Aug 201821959.403.07$672
Jul 201823665.142.93$692
Jun 201824760.183.08$760
May 201824265.382.90$702
Apr 201825063.842.90$725
Mar 201826661.222.79$741
Feb 201820061.782.77$553
Jan 201819562.874.01$782
Dec 201724157.272.92$704
Nov 201724455.423.12$761
Oct 201714149.292.98$421
Sep 201718447.523.09$568
Aug 201720645.373.00$619
Jul 201716443.873.09$506
Jun 20176542.493.09$201
May 201710445.373.26$339
Apr 201715747.933.21$504
Mar 20178046.772.98$239
Feb 201718250.452.95$537
Jan 201723949.413.42$817
Dec 201621948.763.72$815
Nov 201623742.492.64$627
Oct 201628446.193.09$878
Sep 201630741.553.10$952
Aug 201629241.442.92$854
Jul 201630741.622.92$898
Jun 201628845.352.69$774
May 201627742.521.99$552
Apr 201626636.561.99$530
Mar 201626133.011.79$468
Feb 201617726.472.06$365
Jan 201623627.352.36$558
Dec 201523432.362.00$468
Nov 201522938.792.17$496
Oct 201526543.552.43$643
Sep 201516942.992.76$466
Aug 2015040.162.87$0
Jul 201512148.152.95$356
Jun 201516956.152.88$487
May 201517655.212.96$520
Apr 201525049.822.71$677
Mar 201525442.892.93$745
Feb 201524444.662.98$726
Jan 201524843.433.10$769
Dec 201422354.693.59$801
Nov 201420370.464.25$863
Oct 201427578.303.90$1,073
Sep 201419486.164.05$785
Aug 201432789.394.04$1,319
Jul 201431496.564.18$1,312
Jun 201425498.164.74$1,203
May 201421494.734.73$1,011
Apr 20146895.944.81$327
Mar 20147295.895.06$364
Feb 20144797.406.19$291
Jan 2014090.404.86$0
Dec 2013091.824.35$0
Nov 2013088.853.74$0
Oct 20139397.423.78$351
Sep 2013179104.113.72$665
Aug 2013238104.253.52$838
Jul 2013199102.523.72$740
Jun 201322294.403.93$873
May 201322794.834.15$942
Apr 201317693.964.28$754
Mar 201329293.623.91$1,143
Feb 201325291.233.42$862
Jan 201328491.603.42$971
Dec 201227486.773.42$937
Nov 201219886.953.62$718
Oct 201214189.383.40$479
Sep 201218594.672.92$540
Aug 201218592.662.91$538
Jul 201217685.133.02$532
Jun 201212879.822.52$322
May 201222991.612.49$570
Apr 2012296101.652.00$591
Mar 2012183105.052.22$407
Feb 2012176101.102.57$452
Jan 201222198.092.73$604
Dec 201125796.873.24$833
Nov 201125395.723.31$838
Oct 201131184.983.65$1,135
Sep 201124283.623.99$965
Aug 201126383.404.15$1,091
Jul 201110494.144.52$470
Jun 201127992.904.64$1,295
May 201141898.134.40$1,841
Apr 2011437105.964.33$1,894
Mar 201140196.364.06$1,627
Feb 201142085.644.18$1,756
Jan 201135286.504.59$1,615
Dec 201050285.734.35$2,183
Nov 201054780.843.80$2,076
Oct 201039278.103.51$1,375
Sep 201041272.633.98$1,640
Aug 201054173.684.42$2,391
Jul 201048272.554.74$2,283
Jun 201043370.364.91$2,126
May 201055871.124.24$2,363
Apr 201053481.694.12$2,202
Mar 201050278.394.39$2,203
Feb 201036773.585.44$1,997
Jan 201058674.365.96$3,495
Dec 200984471.445.48$4,628
Nov 200981274.593.75$3,046
Oct 200981372.544.11$3,342
Sep 200939665.543.06$1,214
Aug 200925667.423.22$824
Jul 200950161.133.46$1,736
Jun 200981966.163.90$3,190
May 200980554.743.93$3,160
Apr 200976346.773.59$2,737
Mar 200979342.144.06$3,219
Feb 200972432.814.63$3,354
Jan 200983335.865.37$4,474
Dec 200877837.105.98$4,650
Nov 200870455.496.86$4,830
Oct 200875975.246.92$5,254
Sep 2008348101.767.88$2,741
Aug 2008793114.228.48$6,727
Jul 2008918131.0811.39$10,456
Jun 2008723131.3313.03$9,423
May 2008699123.1711.57$8,090
Apr 2008564110.3110.45$5,897
Mar 2008831101.909.66$8,031
Feb 200852892.538.77$4,631
Jan 200862290.388.21$5,104
Dec 200768888.337.30$5,024
Nov 200759691.677.29$4,346
Oct 200756282.856.92$3,890
Sep 2007075.846.24$0
Aug 2007069.066.39$0
Jul 2007070.906.39$0
Jun 2007062.007.55$0
May 200720958.747.85$1,640
Apr 200783759.617.81$6,533
Mar 20071,05856.927.30$7,725
Feb 20071,10555.108.22$9,079
Jan 200739050.306.73$2,623
Dec 20061,08656.656.92$7,513
Nov 200647754.207.62$3,634
Oct 20061,04254.906.01$6,266
Sep 20061,03460.085.04$5,208
Aug 20061,09168.717.34$8,008
Jul 200695369.376.34$6,045
Jun 200681666.286.38$5,209
May 200663566.016.42$4,080
Apr 200659764.397.36$4,394
Mar 200634256.707.08$2,422
Feb 200630357.597.75$2,349
Jan 200632460.598.93$2,894
Dec 200536154.9413.42$4,843
Nov 200542454.6910.59$4,489
Oct 200547258.3413.80$6,512
Sep 200543961.4512.08$5,303
Aug 200513161.519.80$1,283
Jul 200542955.697.84$3,365
Jun 200545552.337.38$3,358
May 200547445.226.65$3,153
Apr 200547249.207.36$3,474
Mar 200546050.377.15$3,291
Feb 200542145.226.31$2,657
Jan 200542943.166.32$2,712
Dec 200446339.866.75$3,126
Nov 200453645.286.33$3,393
Oct 200458349.706.52$3,798
Sep 200449343.245.28$2,605
Aug 200456942.375.55$3,158
Jul 200454638.286.08$3,322
Jun 200451636.106.43$3,319
May 200448337.486.49$3,137
Apr 200445534.475.86$2,666
Mar 200458334.365.53$3,224
Feb 200458132.455.51$3,201
Jan 200460132.036.30$3,786
Dec 200353930.266.30$3,397
Nov 200357628.804.60$2,647
Oct 200358128.174.76$2,765
Sep 200331026.314.75$1,472
Aug 200356129.765.13$2,878
Jul 200369029.415.17$3,568
Jun 200359428.565.98$3,554
May 200351326.595.97$3,064
Apr 200358626.675.41$3,169
Mar 200363831.146.10$3,889
Feb 200359333.487.93$4,700
Jan 200374230.315.58$4,142
Dec 200271226.914.85$3,456
Nov 200265024.664.14$2,689
Oct 200279726.464.23$3,371
Sep 200288827.443.64$3,228
Aug 20021,20425.963.16$3,810
Jul 200282624.583.06$2,529
Jun 20021,18023.733.34$3,939
May 200232524.663.58$1,165
Apr 200243123.653.51$1,514
Mar 200238622.003.10$1,198
Feb 200267818.222.38$1,611
Jan 200252717.172.38$1,252
Dec 200136316.932.36$858
Nov 200138018.072.41$914
Oct 200130019.782.53$759
Sep 20013,04724.262.25$6,860
Aug 200197324.873.05$2,971
Jul 20018323.933.20$265
Jun 20012,09324.563.82$8,004
May 20011,36525.524.31$5,879
Apr 200123124.685.34$1,232
Mar 20011,50124.545.38$8,070
Feb 20011,66727.755.77$9,614
Jan 20011,66727.478.40$14,001
Dec 20004,72726.889.12$43,122
Nov 20005,81432.215.66$32,896
Oct 20001,49631.235.15$7,698
Sep 2000031.875.19$0
Aug 200013829.644.54$627
Jul 200090728.534.09$3,709
Jun 20002,97429.304.40$13,077
May 20003,45627.263.68$12,717
Apr 20001,14724.513.12$3,574
Mar 200098228.422.86$2,808
Feb 20001,16627.622.73$3,179
Jan 200062925.272.48$1,560
Dec 199959024.282.42$1,430
Nov 19991,65923.192.43$4,038
Oct 1999020.982.80$0
Sep 199978921.752.62$2,066
Aug 199987019.262.88$2,502
Jul 199997517.892.37$2,313
Jun 199991915.942.36$2,171
May 199996315.792.32$2,235
Apr 199999815.102.21$2,204
Mar 199997912.471.84$1,800
Feb 19999039.981.82$1,641
Jan 199995310.381.90$1,811
Dec 19981,1019.201.77$1,952
Nov 19981,07310.892.19$2,345
Oct 19981,04812.421.97$2,064
Sep 19981,02812.592.08$2,141
Aug 19981,12411.301.91$2,144
Jul 19981,11211.742.24$2,488
Jun 19981,05011.242.24$2,349
May 19981,19012.622.21$2,626
Apr 19981,02513.042.51$2,568
Mar 19981,14212.802.31$2,637
Feb 19981,08713.952.30$2,499
Jan 199859814.702.15$1,289
Dec 19971,08616.322.41$2,618
Nov 199793618.193.09$2,891
Oct 19971,07819.253.15$3,396
Sep 19971,04017.742.95$3,073
Aug 19971,07217.862.55$2,739
Jul 19971,13017.582.25$2,539
Jun 199794217.242.26$2,126
May 19971,13018.972.31$2,609
Apr 19971,17817.882.08$2,454
Mar 19971,13718.951.94$2,205
Feb 199781920.492.21$1,807
Jan 199799923.483.54$3,536
Dec 19961,07923.32$0
Nov 19961,10821.97$0
Oct 19961,12823.31$0
Sep 19961,06722.22$0
Aug 19961,01420.26$0
Jul 19961,10619.55$0
Jun 19961,05618.73$0
May 19961,10019.43$0
Apr 19961,18121.51$0
Mar 19961,13519.38$0
Feb 19961,03316.98$0
Jan 19961,09817.07$0
Dec 199599217.19$0
Nov 19951,15916.00$0
Oct 19951,12415.43$0
Sep 19951,06116.18$0
Aug 19951,13815.92$0
Jul 19951,14615.24$0
Jun 199597216.41$0
May 19951,09217.56$0
Apr 19951,00717.73$0
Mar 19951,05116.44$0
Feb 199597316.58$0
Jan 199599415.92$0
Dec 199498915.03$0
Nov 19941,02115.90$0
Oct 19941,05915.58$0
Sep 199495115.29$0
Aug 19941,04816.13$0
Jul 19941,07617.56$0
Jun 19941,03817.09$0
May 19941,04315.88$0
Apr 199499414.14$0
Mar 19941,00412.46$0
Feb 199486912.50$0
Jan 199483512.66$0
Dec 1993012.33$0
Nov 199380114.49$0
Oct 199380215.85$0
Sep 199377915.03$0
Aug 199383215.66$0
Jul 199379615.46$0
Jun 199383616.79$0
May 199395417.68$0
Apr 199386618.05$0
Mar 199387418.14$0
Feb 199376017.90$0
Jan 199383316.93$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.

May 2023 — as filed, then multipliedworked
Gas                    2 Mcf  × $  2.23 =         $4

────────────────────────────────────────────────────
Month total                                       $4

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/125849 is the state's own key, not one this site invented.