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 126251District 08Field 49038639Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$895 k
Jan 1993 – May 2026
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
condensate, 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
CondensateDisposition43 bbl$1,164
GasProduction260,742 Mcf$893,834
Total$894,998

71,326 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 31.9045, -103.1147. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.90449, -103.11467 · 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
2,765 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 2,765 ft.

Completions filed
Nov 1987
1 of 1 wells

1 well

42-495321393242,765 ftNov 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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 2025020058.593.93$785
Oct 2025031059.383.30$1,025
Sep 2025030062.743.08$923
Aug 2025031063.933.01$935
Jul 2025031066.743.32$1,028
Jun 2025030066.483.13$939
May 2025031060.553.23$1,002
Apr 2025027162.363.54$960
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230570.622.23$11
Apr 20230078.122.24$0
Mar 20230172.852.39$2
Feb 20230975.112.47$22
Jan 202307676.533.39$257
Dec 2022026376.415.73$1,507
Nov 20220185.005.65$6
Oct 202204887.185.86$281
Sep 2022024084.888.16$1,959
Aug 2022025494.529.13$2,318
Jul 20220483101.587.54$3,643
Jun 20220421115.097.98$3,358
May 20220458109.378.43$3,862
Apr 20220301104.226.84$2,058
Mar 20220331108.885.08$1,680
Feb 2022032791.054.86$1,589
Jan 2022032781.844.54$1,484
Dec 2021035071.323.90$1,365
Nov 2021033677.435.24$1,760
Oct 2021034379.795.71$1,960
Sep 202108369.865.35$444
Aug 2021039466.024.22$1,663
Jul 2021040170.783.98$1,597
Jun 20210069.493.38$0
May 2021027563.483.02$830
Apr 2021025860.362.76$712
Mar 2021030261.302.72$821
Feb 2021023657.805.55$1,309
Jan 2021032650.412.81$916
Dec 2020035344.642.68$944
Nov 2020043138.772.71$1,167
Oct 2020011536.972.48$285
Sep 2020033737.091.99$671
Aug 2020029339.982.39$699
Jul 2020039038.371.83$712
Jun 2020034134.901.69$576
May 2020027016.921.81$490
Apr 2020025314.751.80$457
Mar 2020025230.341.86$468
Feb 2020024749.881.98$489
Jan 2020028257.252.09$591
Dec 2019027259.012.30$627
Nov 2019026555.302.75$729
Oct 20190053.472.42$0
Sep 2019019955.052.66$529
Aug 2019021953.112.30$505
Jul 2019021856.272.46$536
Jun 2019034752.782.49$864
May 2019037058.482.74$1,014
Apr 2019038462.632.75$1,056
Mar 2019037756.803.06$1,154
Feb 2019033650.852.79$938
Jan 2019040146.033.23$1,295
Dec 2018030746.594.19$1,285
Nov 2018038752.934.24$1,640
Oct 2018032561.443.40$1,104
Sep 2018032359.543.11$1,004
Aug 2018043359.403.07$1,328
Jul 2018046865.142.93$1,372
Jun 2018048960.183.08$1,505
May 2018048065.382.90$1,392
Apr 2018049663.842.90$1,439
Mar 2018052761.222.79$1,469
Feb 2018039661.782.77$1,095
Jan 2018038662.874.01$1,548
Dec 2017047757.272.92$1,394
Nov 2017048455.423.12$1,509
Oct 2017027949.292.98$832
Sep 2017036447.523.09$1,124
Aug 2017040745.373.00$1,223
Jul 2017032543.873.09$1,003
Jun 2017012942.493.09$398
May 2017020545.373.26$669
Apr 2017031047.933.21$996
Mar 2017015846.772.98$471
Feb 2017036050.452.95$1,063
Jan 2017047349.413.42$1,617
Dec 2016043448.763.72$1,616
Nov 2016046942.492.64$1,240
Oct 2016056346.193.09$1,740
Sep 2016060941.553.10$1,888
Aug 2016057941.442.92$1,693
Jul 2016060841.622.92$1,778
Jun 2016057045.352.69$1,531
May 2016054942.521.99$1,093
Apr 2016052636.561.99$1,047
Mar 2016051633.011.79$926
Feb 2016035226.472.06$726
Jan 2016046627.352.36$1,102
Dec 2015046432.362.00$929
Nov 2015045338.792.17$982
Oct 2015052543.552.43$1,274
Sep 2015055242.992.76$1,523
Aug 2015055240.162.87$1,586
Jul 2015043948.152.95$1,293
Jun 2015025656.152.88$738
May 2015023655.212.96$697
Apr 2015033849.822.71$915
Mar 2015034142.892.93$1,001
Feb 2015032844.662.98$976
Jan 2015033343.433.10$1,033
Dec 2014030054.693.59$1,077
Nov 2014038170.464.25$1,620
Oct 2014037178.303.90$1,447
Sep 2014025186.164.05$1,015
Aug 2014040189.394.04$1,618
Jul 2014034596.564.18$1,442
Jun 2014033198.164.74$1,568
May 2014036594.734.73$1,725
Apr 2014050495.944.81$2,424
Mar 2014053895.895.06$2,721
Feb 2014049297.406.19$3,046
Jan 2014054990.404.86$2,669
Dec 2013050991.824.35$2,216
Nov 2013039188.853.74$1,462
Oct 2013021397.423.78$805
Sep 20130394104.113.72$1,465
Aug 20130566104.253.52$1,994
Jul 20130488102.523.72$1,814
Jun 2013017694.403.93$692
May 2013054994.834.15$2,278
Apr 2013022293.964.28$951
Mar 2013022793.623.91$888
Feb 201305491.233.42$185
Jan 2013028491.603.42$971
Dec 201206686.773.42$226
Nov 201207186.953.62$257
Oct 201208689.383.40$292
Sep 2012030494.672.92$887
Aug 2012023892.662.91$692
Jul 2012028885.133.02$870
Jun 20120079.822.52$0
May 201201791.612.49$42
Apr 20120193101.652.00$385
Mar 20120180105.052.22$400
Feb 20120213101.102.57$547
Jan 2012025898.092.73$705
Dec 2011028796.873.24$930
Nov 2011028395.723.31$937
Oct 2011020484.983.65$744
Sep 2011012483.623.99$494
Aug 2011012783.404.15$527
Jul 201107894.144.52$352
Jun 2011015292.904.64$705
May 2011021798.134.40$956
Apr 20110363105.964.33$1,573
Mar 2011029996.364.06$1,213
Feb 2011033885.644.18$1,413
Jan 2011027186.504.59$1,244
Dec 2010035285.734.35$1,530
Nov 2010031880.843.80$1,207
Oct 2010028978.103.51$1,014
Sep 2010032372.633.98$1,285
Aug 2010039673.684.42$1,750
Jul 2010044972.554.74$2,127
Jun 2010032570.364.91$1,596
May 2010035071.124.24$1,482
Apr 2010031381.694.12$1,290
Mar 2010019978.394.39$873
Feb 2010024773.585.44$1,344
Jan 2010032474.365.96$1,932
Dec 2009027671.445.48$1,514
Nov 2009022474.593.75$840
Oct 2009025472.544.11$1,044
Sep 2009025265.543.06$772
Aug 2009012467.423.22$399
Jul 2009023361.133.46$807
Jun 2009022066.163.90$857
May 2009048554.743.93$1,904
Apr 2009032546.773.59$1,166
Mar 2009038042.144.06$1,542
Feb 2009035332.814.63$1,635
Jan 2009042835.865.37$2,299
Dec 2008043937.105.98$2,624
Nov 2008048755.496.86$3,341
Oct 200801,09175.246.92$7,552
Sep 20080406101.767.88$3,198
Aug 20080854114.228.48$7,245
Jul 20080863131.0811.39$9,829
Jun 20080984131.3313.03$12,824
May 200801,134123.1711.57$13,125
Apr 200801,071110.3110.45$11,197
Mar 200801,076101.909.66$10,399
Feb 200801,03792.538.77$9,095
Jan 200801,12790.388.21$9,248
Dec 200701,51388.337.30$11,048
Nov 2007099191.677.29$7,226
Oct 200701,34182.856.92$9,282
Sep 2007099475.846.24$6,207
Aug 200701,11769.066.39$7,135
Jul 200701,43370.906.39$9,154
Jun 200701,33062.007.55$10,039
May 200701,38758.747.85$10,883
Apr 200701,38859.617.81$10,834
Mar 200701,40656.927.30$10,267
Feb 200701,33255.108.22$10,944
Jan 2007021750.306.73$1,460
Dec 200601,26556.656.92$8,752
Nov 2006062154.207.62$4,730
Oct 200601,44354.906.01$8,678
Sep 200601,25960.085.04$6,342
Aug 200601,36768.717.34$10,034
Jul 200601,44869.376.34$9,184
Jun 200601,41166.286.38$9,008
May 200601,40166.016.42$9,001
Apr 200601,33364.397.36$9,812
Mar 2006063556.707.08$4,498
Feb 2006056257.597.75$4,356
Jan 2006060260.598.93$5,378
Dec 2005041754.9413.42$5,594
Nov 2005020054.6910.59$2,118
Oct 2005051758.3413.80$7,132
Sep 2005083761.4512.08$10,110
Aug 2005035361.519.80$3,458
Jul 2005079955.697.84$6,267
Jun 2005086852.337.38$6,407
May 2005051445.226.65$3,419
Apr 2005051449.207.36$3,783
Mar 2005089450.377.15$6,396
Feb 2005080245.226.31$5,062
Jan 2005078043.166.32$4,931
Dec 2004084839.866.75$5,725
Nov 2004089245.286.33$5,647
Oct 2004084849.706.52$5,525
Sep 2004072843.245.28$3,847
Aug 2004088042.375.55$4,885
Jul 200401,17038.286.08$7,118
Jun 2004065236.106.43$4,194
May 2004065637.486.49$4,260
Apr 2004027634.475.86$1,617
Mar 200401,42834.365.53$7,897
Feb 200401,42532.455.51$7,851
Jan 200401,47432.036.30$9,286
Dec 200301,30430.266.30$8,217
Nov 200301,23728.804.60$5,684
Oct 200301,14328.174.76$5,440
Sep 200301,24526.314.75$5,913
Aug 2003090929.765.13$4,663
Jul 200301,11929.415.17$5,786
Jun 2003088528.565.98$5,295
May 200301,69726.595.97$10,136
Apr 200301,15026.675.41$6,218
Mar 200301,55631.146.10$9,485
Feb 2003082133.487.93$6,507
Jan 200301,07530.315.58$6,001
Dec 200201,68526.914.85$8,179
Nov 200201,27724.664.14$5,283
Oct 2002066926.464.23$2,829
Sep 2002079027.443.64$2,872
Aug 2002070725.963.16$2,237
Jul 2002062324.583.06$1,907
Jun 2002067623.733.34$2,257
May 2002038824.663.58$1,391
Apr 2002051523.653.51$1,809
Mar 2002036722.003.10$1,139
Feb 2002046718.222.38$1,109
Jan 2002019217.172.38$456
Dec 2001088216.932.36$2,085
Nov 2001063718.072.41$1,532
Oct 2001025519.782.53$645
Sep 200101,94524.262.25$4,379
Aug 2001097424.873.05$2,974
Jul 200109923.933.20$317
Jun 2001036324.563.82$1,388
May 2001021625.524.31$930
Apr 2001169924.685.34$3,754
Mar 2001369624.545.38$3,816
Feb 2001968227.755.77$4,183
Jan 2001171,12627.478.40$9,924
Dec 20001382826.889.12$7,903
Nov 200004432.215.66$249
Oct 200006731.235.15$345
Sep 20000031.875.19$0
Aug 200004829.644.54$218
Jul 200005828.534.09$237
Jun 200001,01329.304.40$4,454
May 200001,29127.263.68$4,751
Apr 2000087124.513.12$2,714
Mar 2000074528.422.86$2,131
Feb 2000060327.622.73$1,644
Jan 2000032525.272.48$806
Dec 1999035824.282.42$868
Nov 1999088523.192.43$2,154
Oct 199901,04420.982.80$2,927
Sep 1999098221.752.62$2,572
Aug 1999092919.262.88$2,671
Jul 199901,01217.892.37$2,401
Jun 1999084715.942.36$2,001
May 1999094315.792.32$2,189
Apr 1999094415.102.21$2,084
Mar 1999097512.471.84$1,792
Feb 199908709.981.82$1,581
Jan 199901,04510.381.90$1,985
Dec 199801,1899.201.77$2,108
Nov 199801,04810.892.19$2,291
Oct 199801,42312.421.97$2,802
Sep 199801,01312.592.08$2,110
Aug 1998053211.301.91$1,015
Jul 199801,07911.742.24$2,414
Jun 199801,07011.242.24$2,394
May 199801,06812.622.21$2,356
Apr 199801,05413.042.51$2,641
Mar 199801,18412.802.31$2,734
Feb 199801,11613.952.30$2,566
Jan 199801,26814.702.15$2,732
Dec 199701,24316.322.41$2,997
Nov 199701,20318.193.09$3,715
Oct 199701,23119.253.15$3,877
Sep 199701,16817.742.95$3,451
Aug 199701,23117.862.55$3,145
Jul 199701,22117.582.25$2,744
Jun 199701,08917.242.26$2,458
May 199701,17418.972.31$2,710
Apr 199701,21517.882.08$2,531
Mar 199701,24818.951.94$2,420
Feb 199701,04620.492.21$2,307
Jan 199701,21323.483.54$4,294
Dec 199601,25223.32$0
Nov 199601,20921.97$0
Oct 199601,29623.31$0
Sep 199601,25322.22$0
Aug 199601,20220.26$0
Jul 199601,28919.55$0
Jun 199601,31518.73$0
May 199601,24319.43$0
Apr 199601,43421.51$0
Mar 199601,42619.38$0
Feb 199601,37316.98$0
Jan 199601,46717.07$0
Dec 199501,09717.19$0
Nov 199501,49516.00$0
Oct 199501,47415.43$0
Sep 199501,46216.18$0
Aug 199501,51615.92$0
Jul 199501,60315.24$0
Jun 199501,55316.41$0
May 199501,67717.56$0
Apr 199501,54717.73$0
Mar 199501,68216.44$0
Feb 199501,48916.58$0
Jan 199501,55615.92$0
Dec 199401,65815.03$0
Nov 199401,66715.90$0
Oct 199401,70915.58$0
Sep 199401,66115.29$0
Aug 199401,76416.13$0
Jul 199401,82217.56$0
Jun 199401,73117.09$0
May 199401,64815.88$0
Apr 199401,63114.14$0
Mar 199401,70712.46$0
Feb 199401,61212.50$0
Jan 199401,41112.66$0
Dec 19930012.33$0
Nov 199301,36114.49$0
Oct 199301,29015.85$0
Sep 199301,43415.03$0
Aug 199301,53515.66$0
Jul 199301,52315.46$0
Jun 199301,62316.79$0
May 199301,82917.68$0
Apr 199301,83318.05$0
Mar 199301,88718.14$0
Feb 199301,27217.90$0
Jan 199301,80816.93$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.

Nov 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 58.59 =         $0
Gas                  200 Mcf  × $  3.93 =       $785

────────────────────────────────────────────────────
Month total                                     $785

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/126251 is the state's own key, not one this site invented.