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 125924District 08Field 49038639Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$672 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
GasProduction278,552 Mcf$672,057
Total$672,057

99,325 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 31.9431, -103.1163. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.94307, -103.11632 · 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
2,770 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 2,770 ft.

Completions filed
Jan 1988
1 of 1 wells

1 well

42-495321213212,770 ftJan 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 2023176.533.39$3
Dec 2022376.415.73$17
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 202119663.483.02$591
Apr 202118460.362.76$508
Mar 202121661.302.72$587
Feb 202116857.805.55$932
Jan 202123350.412.81$655
Dec 202025244.642.68$674
Nov 202030838.772.71$834
Oct 20208236.972.48$203
Sep 202024137.091.99$480
Aug 202021039.982.39$501
Jul 202027938.371.83$509
Jun 202024434.901.69$412
May 202019316.921.81$350
Apr 202018114.751.80$327
Mar 202018030.341.86$334
Feb 202017749.881.98$351
Jan 202020257.252.09$423
Dec 201919459.012.30$447
Nov 201919055.302.75$523
Oct 2019053.472.42$0
Sep 201914255.052.66$377
Aug 201915753.112.30$362
Jul 201915656.272.46$384
Jun 201924852.782.49$618
May 201926458.482.74$723
Apr 201927462.632.75$754
Mar 201926956.803.06$824
Feb 201924050.852.79$670
Jan 201928746.033.23$926
Dec 201821946.594.19$917
Nov 201827652.934.24$1,169
Oct 201823261.443.40$788
Sep 201821459.543.11$665
Aug 201824359.403.07$745
Jul 201826365.142.93$771
Jun 201827560.183.08$846
May 201827065.382.90$783
Apr 201827963.842.90$809
Mar 201829661.222.79$825
Feb 201822261.782.77$614
Jan 201821762.874.01$870
Dec 201726857.272.92$783
Nov 201727255.423.12$848
Oct 201715749.292.98$468
Sep 201720447.523.09$630
Aug 201722945.373.00$688
Jul 201718343.873.09$565
Jun 20177342.493.09$225
May 201711545.373.26$375
Apr 201717447.933.21$559
Mar 20178946.772.98$266
Feb 201720350.452.95$599
Jan 201726649.413.42$909
Dec 201624448.763.72$908
Nov 201626442.492.64$698
Oct 201631646.193.09$977
Sep 201634241.553.10$1,060
Aug 201632541.442.92$950
Jul 201634241.622.92$1,000
Jun 201632045.352.69$859
May 201630942.521.99$615
Apr 201629636.561.99$589
Mar 201629033.011.79$520
Feb 201619826.472.06$409
Jan 201626227.352.36$619
Dec 201526132.362.00$522
Nov 201525538.792.17$553
Oct 201529543.552.43$716
Sep 201531042.992.76$855
Aug 201531040.162.87$890
Jul 201524748.152.95$727
Jun 201520556.152.88$591
May 201522055.212.96$650
Apr 201531449.822.71$850
Mar 201531842.892.93$933
Feb 201530644.662.98$911
Jan 201531143.433.10$964
Dec 201428054.693.59$1,006
Nov 201435570.464.25$1,509
Oct 201438978.303.90$1,517
Sep 201427386.164.05$1,104
Aug 201443689.394.04$1,759
Jul 201437696.564.18$1,572
Jun 201436098.164.74$1,705
May 201439594.734.73$1,867
Apr 201454095.944.81$2,597
Mar 201457595.895.06$2,908
Feb 201452697.406.19$3,257
Jan 201458790.404.86$2,853
Dec 201354491.824.35$2,369
Nov 201341988.853.74$1,566
Oct 201322897.423.78$862
Sep 2013421104.113.72$1,565
Aug 2013181104.253.52$638
Jul 2013155102.523.72$576
Jun 201315794.403.93$618
May 2013094.834.15$0
Apr 201346993.964.28$2,009
Mar 201349193.623.91$1,921
Feb 201348591.233.42$1,659
Jan 201353791.603.42$1,836
Dec 201245186.773.42$1,542
Nov 201245586.953.62$1,649
Oct 201225189.383.40$853
Sep 201236394.672.92$1,059
Aug 201252192.662.91$1,515
Jul 201236185.133.02$1,091
Jun 2012079.822.52$0
May 20121491.612.49$35
Apr 2012242101.652.00$483
Mar 2012230105.052.22$511
Feb 2012212101.102.57$545
Jan 201242898.092.73$1,170
Dec 201131196.873.24$1,008
Nov 201130695.723.31$1,013
Oct 201135584.983.65$1,295
Sep 201121083.623.99$837
Aug 2011683.404.15$25
Jul 201112994.144.52$583
Jun 201129592.904.64$1,369
May 201147898.134.40$2,106
Apr 2011663105.964.33$2,873
Mar 201158796.364.06$2,382
Feb 201120785.644.18$865
Jan 201129386.504.59$1,345
Dec 201041985.734.35$1,822
Nov 201038280.843.80$1,450
Oct 201039178.103.51$1,372
Sep 201040272.633.98$1,600
Aug 201050173.684.42$2,214
Jul 201034572.554.74$1,634
Jun 201029270.364.91$1,434
May 201034371.124.24$1,453
Apr 201040581.694.12$1,670
Mar 201039478.394.39$1,729
Feb 201042273.585.44$2,297
Jan 201047574.365.96$2,833
Dec 200954971.445.48$3,011
Nov 200946174.593.75$1,729
Oct 200965272.544.11$2,680
Sep 200919765.543.06$604
Aug 200913267.423.22$425
Jul 200921861.133.46$755
Jun 200941066.163.90$1,597
May 200938254.743.93$1,500
Apr 200930446.773.59$1,091
Mar 200932842.144.06$1,331
Feb 200932532.814.63$1,506
Jan 200935835.865.37$1,923
Dec 200831737.105.98$1,895
Nov 200835755.496.86$2,449
Oct 200835775.246.92$2,471
Sep 200899101.767.88$780
Aug 2008287114.228.48$2,435
Jul 2008300131.0811.39$3,417
Jun 2008295131.3313.03$3,845
May 2008342123.1711.57$3,958
Apr 2008313110.3110.45$3,272
Mar 2008384101.909.66$3,711
Feb 200832492.538.77$2,842
Jan 200838590.388.21$3,159
Dec 200739588.337.30$2,884
Nov 200721091.677.29$1,531
Oct 200736682.856.92$2,533
Sep 200734975.846.24$2,179
Aug 200730969.066.39$1,974
Jul 200739570.906.39$2,523
Jun 200738962.007.55$2,936
May 200733258.747.85$2,605
Apr 200731759.617.81$2,474
Mar 200736756.927.30$2,680
Feb 200734255.108.22$2,810
Jan 200745650.306.73$3,067
Dec 200630456.656.92$2,103
Nov 200640454.207.62$3,077
Oct 200629454.906.01$1,768
Sep 200627960.085.04$1,405
Aug 200624368.717.34$1,784
Jul 200630169.376.34$1,909
Jun 200616366.286.38$1,041
May 200627166.016.42$1,741
Apr 200627364.397.36$2,009
Mar 200640556.707.08$2,869
Feb 200635957.597.75$2,783
Jan 200638460.598.93$3,430
Dec 200533054.9413.42$4,427
Nov 200539454.6910.59$4,172
Oct 200538558.3413.80$5,311
Sep 200536761.4512.08$4,433
Aug 200534361.519.80$3,360
Jul 200542155.697.84$3,302
Jun 200544152.337.38$3,255
May 200547545.226.65$3,159
Apr 200548849.207.36$3,592
Mar 200549650.377.15$3,549
Feb 200544245.226.31$2,790
Jan 200548243.166.32$3,047
Dec 200446539.866.75$3,139
Nov 200450045.286.33$3,165
Oct 200455049.706.52$3,583
Sep 200448643.245.28$2,568
Aug 200457542.375.55$3,192
Jul 200445438.286.08$2,762
Jun 200444336.106.43$2,850
May 200445937.486.49$2,981
Apr 200434234.475.86$2,004
Mar 200458934.365.53$3,257
Feb 200458732.455.51$3,234
Jan 200460732.036.30$3,824
Dec 200358230.266.30$3,668
Nov 200364128.804.60$2,946
Oct 200365728.174.76$3,127
Sep 200365326.314.75$3,101
Aug 200385929.765.13$4,406
Jul 200372229.415.17$3,733
Jun 200354728.565.98$3,273
May 200375726.595.97$4,521
Apr 200355426.675.41$2,996
Mar 200367831.146.10$4,133
Feb 200368433.487.93$5,421
Jan 200383630.315.58$4,667
Dec 200281726.914.85$3,966
Nov 200282124.664.14$3,396
Oct 200279326.464.23$3,354
Sep 200280027.443.64$2,908
Aug 200287025.963.16$2,753
Jul 200283324.583.06$2,550
Jun 20021,20923.733.34$4,036
May 200255824.663.58$2,000
Apr 200274023.653.51$2,599
Mar 200287922.003.10$2,727
Feb 200276818.222.38$1,825
Jan 200221917.172.38$520
Dec 200125516.932.36$603
Nov 200182018.072.41$1,973
Oct 200194819.782.53$2,397
Sep 200195824.262.25$2,157
Aug 200197424.873.05$2,974
Jul 200180423.933.20$2,570
Jun 200178824.563.82$3,013
May 200123825.524.31$1,025
Apr 20011,08024.685.34$5,762
Mar 200137024.545.38$1,989
Feb 200196527.755.77$5,565
Jan 20011,16027.478.40$9,743
Dec 20001,03526.889.12$9,442
Nov 200028632.215.66$1,618
Oct 20001,24931.235.15$6,427
Sep 200090331.875.19$4,683
Aug 20001,01929.644.54$4,627
Jul 20001,18328.534.09$4,838
Jun 200080529.304.40$3,540
May 20001,62427.263.68$5,976
Apr 20001,57324.513.12$4,901
Mar 20001,34628.422.86$3,849
Feb 20001,12627.622.73$3,070
Jan 200060825.272.48$1,508
Dec 199959124.282.42$1,432
Nov 19991,54823.192.43$3,768
Oct 19991,96720.982.80$5,515
Sep 19992,49621.752.62$6,537
Aug 199998019.262.88$2,818
Jul 1999017.892.37$0
Jun 19991,32815.942.36$3,137
May 19991,84415.792.32$4,280
Apr 19992,01815.102.21$4,456
Mar 19991,91212.471.84$3,515
Feb 19991,7099.981.82$3,107
Jan 19992,06810.381.90$3,929
Dec 19982,4559.201.77$4,354
Nov 19982,38410.892.19$5,211
Oct 19982,29412.421.97$4,517
Sep 19982,16012.592.08$4,498
Aug 19981,63911.301.91$3,126
Jul 19982,09711.742.24$4,692
Jun 19982,19811.242.24$4,918
May 19982,56912.622.21$5,668
Apr 19982,50413.042.51$6,273
Mar 19982,59612.802.31$5,995
Feb 19982,84013.952.30$6,530
Jan 19981,15014.702.15$2,478
Dec 19972,64216.322.41$6,370
Nov 19972,38218.193.09$7,356
Oct 19972,38019.253.15$7,497
Sep 19972,19717.742.95$6,492
Aug 19972,19617.862.55$5,610
Jul 19972,23017.582.25$5,011
Jun 19972,22317.242.26$5,018
May 19972,30018.972.31$5,310
Apr 19972,11417.882.08$4,403
Mar 19972,58818.951.94$5,018
Feb 19972,00720.492.21$4,427
Jan 19972,47323.483.54$8,754
Dec 19962,48323.32$0
Nov 19962,43021.97$0
Oct 19962,52123.31$0
Sep 19962,38822.22$0
Aug 19962,15620.26$0
Jul 19962,27519.55$0
Jun 19962,39418.73$0
May 19962,28019.43$0
Apr 19962,55421.51$0
Mar 19962,74619.38$0
Feb 19962,53816.98$0
Jan 19962,74717.07$0
Dec 19951,93117.19$0
Nov 19952,62516.00$0
Oct 19952,20115.43$0
Sep 19952,38916.18$0
Aug 19952,63215.92$0
Jul 19952,78115.24$0
Jun 19952,86716.41$0
May 19952,71517.56$0
Apr 19952,50417.73$0
Mar 19952,30116.44$0
Feb 19952,12716.58$0
Jan 19952,12015.92$0
Dec 19941,83315.03$0
Nov 19941,83215.90$0
Oct 19941,90515.58$0
Sep 19941,69215.29$0
Aug 19941,84316.13$0
Jul 19941,54717.56$0
Jun 19941,80417.09$0
May 19941,75315.88$0
Apr 19941,74714.14$0
Mar 19941,87212.46$0
Feb 19941,75212.50$0
Jan 19941,66912.66$0
Dec 19931,57812.33$0
Nov 1993014.49$0
Oct 19931,54715.85$0
Sep 19931,57015.03$0
Aug 19931,56215.66$0
Jul 19931,49715.46$0
Jun 19931,57816.79$0
May 19931,92417.68$0
Apr 19931,96018.05$0
Mar 19932,11218.14$0
Feb 19931,87417.90$0
Jan 19932,16916.93$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.

Jan 2023 — as filed, then multipliedworked
Gas                    1 Mcf  × $  3.39 =         $3

────────────────────────────────────────────────────
Month total                                       $3

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/125924 is the state's own key, not one this site invented.