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 125923District 08Field 49038639Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$61 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
GasProduction30,681 Mcf$60,713
Total$60,713

16,506 Mcf of this lease's gas, across 48 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 31.9354, -103.1337. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.93543, -103.13373 · 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
2,925 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 2,925 ft.

Completions filed
Feb 1988
1 of 1 wells

1 well

42-495321223202,925 ftFeb 1988

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 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 2022087.185.86$0
Sep 2022084.888.16$0
Aug 2022094.529.13$0
Jul 20220101.587.54$0
Jun 20220115.097.98$0
May 20220109.378.43$0
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 2022091.054.86$0
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 2021070.783.98$0
Jun 2021069.493.38$0
May 2021063.483.02$0
Apr 2021060.362.76$0
Mar 2021061.302.72$0
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 2020038.772.71$0
Oct 2020036.972.48$0
Sep 2020037.091.99$0
Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 2020034.901.69$0
May 2020016.921.81$0
Apr 2020014.751.80$0
Mar 2020030.341.86$0
Feb 2020049.881.98$0
Jan 2020057.252.09$0
Dec 2019059.012.30$0
Nov 2019055.302.75$0
Oct 2019053.472.42$0
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 2019056.272.46$0
Jun 2019052.782.49$0
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 2019056.803.06$0
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 2018059.543.11$0
Aug 2018059.403.07$0
Jul 2018065.142.93$0
Jun 2018060.183.08$0
May 2018065.382.90$0
Apr 2018063.842.90$0
Mar 2018061.222.79$0
Feb 2018061.782.77$0
Jan 2018062.874.01$0
Dec 2017057.272.92$0
Nov 2017055.423.12$0
Oct 2017049.292.98$0
Sep 2017047.523.09$0
Aug 2017045.373.00$0
Jul 2017043.873.09$0
Jun 2017042.493.09$0
May 2017045.373.26$0
Apr 2017047.933.21$0
Mar 2017046.772.98$0
Feb 2017050.452.95$0
Jan 2017049.413.42$0
Dec 2016048.763.72$0
Nov 2016042.492.64$0
Oct 2016046.193.09$0
Sep 2016041.553.10$0
Aug 2016041.442.92$0
Jul 2016041.622.92$0
Jun 2016045.352.69$0
May 2016042.521.99$0
Apr 2016036.561.99$0
Mar 2016033.011.79$0
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 2015032.362.00$0
Nov 2015038.792.17$0
Oct 2015043.552.43$0
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 2015048.152.95$0
Jun 2015056.152.88$0
May 2015055.212.96$0
Apr 2015049.822.71$0
Mar 2015042.892.93$0
Feb 2015044.662.98$0
Jan 2015043.433.10$0
Dec 2014054.693.59$0
Nov 2014070.464.25$0
Oct 2014078.303.90$0
Sep 2014086.164.05$0
Aug 2014089.394.04$0
Jul 2014096.564.18$0
Jun 2014098.164.74$0
May 2014094.734.73$0
Apr 2014095.944.81$0
Mar 2014095.895.06$0
Feb 2014097.406.19$0
Jan 2014090.404.86$0
Dec 2013091.824.35$0
Nov 2013088.853.74$0
Oct 2013097.423.78$0
Sep 20130104.113.72$0
Aug 20130104.253.52$0
Jul 20130102.523.72$0
Jun 2013094.403.93$0
May 2013094.834.15$0
Apr 2013093.964.28$0
Mar 2013093.623.91$0
Feb 2013091.233.42$0
Jan 2013091.603.42$0
Dec 2012086.773.42$0
Nov 2012086.953.62$0
Oct 2012089.383.40$0
Sep 2012094.672.92$0
Aug 2012092.662.91$0
Jul 2012085.133.02$0
Jun 2012079.822.52$0
May 2012291.612.49$5
Apr 201230101.652.00$60
Mar 201229105.052.22$64
Feb 201226101.102.57$67
Jan 20123098.092.73$82
Dec 20112296.873.24$71
Nov 20112095.723.31$66
Oct 20112584.983.65$91
Sep 20111283.623.99$48
Aug 2011083.404.15$0
Jul 20111594.144.52$68
Jun 20113492.904.64$158
May 20115198.134.40$225
Apr 201151105.964.33$221
Mar 20114696.364.06$187
Feb 20111285.644.18$50
Jan 20112286.504.59$101
Dec 20102985.734.35$126
Nov 20102780.843.80$102
Oct 20102778.103.51$95
Sep 20102772.633.98$107
Aug 20102973.684.42$128
Jul 20102572.554.74$118
Jun 20102270.364.91$108
May 20102671.124.24$110
Apr 20102781.694.12$111
Mar 20103678.394.39$158
Feb 20104373.585.44$234
Jan 20104574.365.96$268
Dec 20094571.445.48$247
Nov 20094374.593.75$161
Oct 20094372.544.11$177
Sep 2009065.543.06$0
Aug 2009067.423.22$0
Jul 20092261.133.46$76
Jun 20094066.163.90$156
May 20094054.743.93$157
Apr 20092446.773.59$86
Mar 20092542.144.06$101
Feb 20092332.814.63$107
Jan 20094035.865.37$215
Dec 20083937.105.98$233
Nov 20083755.496.86$254
Oct 20083275.246.92$222
Sep 200815101.767.88$118
Aug 200834114.228.48$288
Jul 200839131.0811.39$444
Jun 200838131.3313.03$495
May 20080123.1711.57$0
Apr 20080110.3110.45$0
Mar 20080101.909.66$0
Feb 2008092.538.77$0
Jan 2008090.388.21$0
Dec 2007088.337.30$0
Nov 2007091.677.29$0
Oct 2007082.856.92$0
Sep 2007075.846.24$0
Aug 2007069.066.39$0
Jul 2007070.906.39$0
Jun 2007062.007.55$0
May 2007058.747.85$0
Apr 2007059.617.81$0
Mar 2007056.927.30$0
Feb 2007055.108.22$0
Jan 2007050.306.73$0
Dec 2006056.656.92$0
Nov 2006054.207.62$0
Oct 20061454.906.01$84
Sep 20061360.085.04$65
Aug 20062468.717.34$176
Jul 20061869.376.34$114
Jun 2006566.286.38$32
May 20062266.016.42$141
Apr 20062064.397.36$147
Mar 2006856.707.08$57
Feb 2006757.597.75$54
Jan 2006760.598.93$63
Dec 200573754.9413.42$9,887
Nov 20051454.6910.59$148
Oct 20053258.3413.80$441
Sep 20053761.4512.08$447
Aug 20054461.519.80$431
Jul 20054755.697.84$369
Jun 20054652.337.38$340
May 20056745.226.65$446
Apr 20056449.207.36$471
Mar 20053150.377.15$222
Feb 20051245.226.31$76
Jan 20052043.166.32$126
Dec 20042639.866.75$176
Nov 20041745.286.33$108
Oct 20041249.706.52$78
Sep 20043143.245.28$164
Aug 20042342.375.55$128
Jul 20045638.286.08$341
Jun 20045136.106.43$328
May 20044837.486.49$312
Apr 20045234.475.86$305
Mar 20046934.365.53$382
Feb 20046932.455.51$380
Jan 20047132.036.30$447
Dec 20036230.266.30$391
Nov 20035928.804.60$271
Oct 20037728.174.76$366
Sep 20037726.314.75$366
Aug 20037129.765.13$364
Jul 20037129.415.17$367
Jun 20035628.565.98$335
May 20037026.595.97$418
Apr 20038926.675.41$481
Mar 200313431.146.10$817
Feb 20039433.487.93$745
Jan 200314630.315.58$815
Dec 20027326.914.85$354
Nov 200217424.664.14$720
Oct 200219226.464.23$812
Sep 200216427.443.64$596
Aug 200220825.963.16$658
Jul 200210124.583.06$309
Jun 200211823.733.34$394
May 20025024.663.58$179
Apr 20026723.653.51$235
Mar 200210622.003.10$329
Feb 20023218.222.38$76
Jan 200218717.172.38$444
Dec 200121116.932.36$499
Nov 20019818.072.41$236
Oct 20018219.782.53$207
Sep 200115224.262.25$342
Aug 200137924.873.05$1,157
Jul 2001523.933.20$16
Jun 20018124.563.82$310
May 200127625.524.31$1,189
Apr 200110124.685.34$539
Mar 200127924.545.38$1,500
Feb 200111027.755.77$634
Jan 20019627.478.40$806
Dec 20008526.889.12$775
Nov 200020832.215.66$1,177
Oct 200014531.235.15$746
Sep 20006931.875.19$358
Aug 20007529.644.54$341
Jul 20005228.534.09$213
Jun 20004829.304.40$211
May 20008327.263.68$305
Apr 20008824.513.12$274
Mar 20007528.422.86$214
Feb 20008027.622.73$218
Jan 20004325.272.48$107
Dec 19996324.282.42$153
Nov 199911223.192.43$273
Oct 199912420.982.80$348
Sep 199910521.752.62$275
Aug 199912519.262.88$359
Jul 199917317.892.37$410
Jun 199916715.942.36$394
May 199912615.792.32$292
Apr 199911115.102.21$245
Mar 199910312.471.84$189
Feb 19991209.981.82$218
Jan 199912710.381.90$241
Dec 19981759.201.77$310
Nov 199815410.892.19$337
Oct 199816412.421.97$323
Sep 199816712.592.08$348
Aug 199824211.301.91$462
Jul 199819511.742.24$436
Jun 199817811.242.24$398
May 199820112.622.21$443
Apr 199815713.042.51$393
Mar 199815812.802.31$365
Feb 199816313.952.30$375
Jan 199814614.702.15$315
Dec 199721816.322.41$526
Nov 199724418.193.09$754
Oct 199719719.253.15$621
Sep 199719717.742.95$582
Aug 199719417.862.55$496
Jul 199723817.582.25$535
Jun 1997017.242.26$0
May 19974518.972.31$104
Apr 199718317.882.08$381
Mar 199719718.951.94$382
Feb 199714120.492.21$311
Jan 199718323.483.54$648
Dec 199619323.32$0
Nov 199617921.97$0
Oct 199618623.31$0
Sep 199618222.22$0
Aug 199618520.26$0
Jul 199618919.55$0
Jun 199619118.73$0
May 199620419.43$0
Apr 199620721.51$0
Mar 199621019.38$0
Feb 199620416.98$0
Jan 199622017.07$0
Dec 199522317.19$0
Nov 199519816.00$0
Oct 199526115.43$0
Sep 199536816.18$0
Aug 199540015.92$0
Jul 199541315.24$0
Jun 199542116.41$0
May 199544517.56$0
Apr 199541017.73$0
Mar 199544716.44$0
Feb 199540016.58$0
Jan 199534515.92$0
Dec 199445915.03$0
Nov 199455015.90$0
Oct 199448115.58$0
Sep 199441015.29$0
Aug 199443316.13$0
Jul 199433517.56$0
Jun 199419717.09$0
May 199434915.88$0
Apr 199441014.14$0
Mar 199443112.46$0
Feb 199437612.50$0
Jan 199431112.66$0
Dec 199328612.33$0
Nov 199335114.49$0
Oct 199332615.85$0
Sep 199333615.03$0
Aug 199351815.66$0
Jul 199349215.46$0
Jun 199345616.79$0
May 199338617.68$0
Apr 199344118.05$0
Mar 199333618.14$0
Feb 199352717.90$0
Jan 199362816.93$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 2012 — as filed, then multipliedworked
Gas                    2 Mcf  × $  2.49 =         $5

────────────────────────────────────────────────────
Month total                                       $5

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/125923 is the state's own key, not one this site invented.