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 126252District 08Field 49038639Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$512 k
Jan 1993 – May 2026
Value, last 12 filed months
$7 k
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
GasProduction191,576 Mcf$511,517
Total$511,517

72,145 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 31.8987, -103.1156. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.89867, -103.11563 · 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
2,722 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 2,722 ft.

Completions filed
Nov 1987
1 of 1 wells

1 well

42-495321423252,722 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 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 202524058.593.93$942
Oct 202537259.383.30$1,229
Sep 202536062.743.08$1,108
Aug 202537263.933.01$1,121
Jul 202537266.743.32$1,233
Jun 202536066.483.13$1,126
May 202537260.553.23$1,202
Apr 202530262.363.54$1,070
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 2023470.622.23$9
Apr 2023978.122.24$20
Mar 2023172.852.39$2
Feb 2023875.112.47$20
Jan 20236876.533.39$230
Dec 202223676.415.73$1,352
Nov 2022185.005.65$6
Oct 20226687.185.86$387
Sep 202233084.888.16$2,694
Aug 202234994.529.13$3,185
Jul 2022665101.587.54$5,015
Jun 2022579115.097.98$4,619
May 2022629109.378.43$5,304
Apr 2022414104.226.84$2,831
Mar 2022455108.885.08$2,310
Feb 202245091.054.86$2,186
Jan 202245081.844.54$2,042
Dec 202148171.323.90$1,875
Nov 202146277.435.24$2,419
Oct 202147179.795.71$2,691
Sep 202111369.865.35$605
Aug 202154266.024.22$2,288
Jul 202111170.783.98$442
Jun 2021069.493.38$0
May 202119963.483.02$601
Apr 202118760.362.76$516
Mar 202121961.302.72$595
Feb 202117157.805.55$949
Jan 202123650.412.81$663
Dec 202025544.642.68$682
Nov 202031238.772.71$844
Oct 20208336.972.48$206
Sep 202024437.091.99$486
Aug 202021239.982.39$506
Jul 202028338.371.83$517
Jun 202024734.901.69$418
May 202019516.921.81$354
Apr 202018314.751.80$330
Mar 202018230.341.86$338
Feb 202017949.881.98$355
Jan 202020557.252.09$429
Dec 201919759.012.30$454
Nov 201919255.302.75$528
Oct 2019053.472.42$0
Sep 201914455.052.66$383
Aug 201915953.112.30$366
Jul 201915856.272.46$389
Jun 201925252.782.49$628
May 201926858.482.74$734
Apr 201927862.632.75$765
Mar 201927356.803.06$836
Feb 201924350.852.79$679
Jan 201929046.033.23$936
Dec 201822246.594.19$929
Nov 201828052.934.24$1,186
Oct 201823561.443.40$799
Sep 201821959.543.11$681
Aug 201825359.403.07$776
Jul 201827465.142.93$803
Jun 201828660.183.08$880
May 201828165.382.90$815
Apr 201829063.842.90$841
Mar 201830761.222.79$856
Feb 201823161.782.77$639
Jan 201822562.874.01$902
Dec 201727857.272.92$812
Nov 201728255.423.12$879
Oct 201716349.292.98$486
Sep 201721247.523.09$655
Aug 201723845.373.00$715
Jul 201719043.873.09$587
Jun 20177542.493.09$232
May 201712045.373.26$392
Apr 201718147.933.21$581
Mar 20179246.772.98$275
Feb 201721050.452.95$620
Jan 201727649.413.42$944
Dec 201625348.763.72$942
Nov 201627442.492.64$725
Oct 201632846.193.09$1,014
Sep 201635541.553.10$1,101
Aug 201633841.442.92$988
Jul 201635541.622.92$1,038
Jun 201633245.352.69$892
May 201632042.521.99$637
Apr 201630736.561.99$611
Mar 201630133.011.79$540
Feb 201620526.472.06$423
Jan 201627227.352.36$643
Dec 201527132.362.00$542
Nov 201526538.792.17$574
Oct 201530643.552.43$743
Sep 201532242.992.76$888
Aug 201532240.162.87$925
Jul 201525648.152.95$754
Jun 201519956.152.88$574
May 201520955.212.96$618
Apr 201529849.822.71$807
Mar 201530142.892.93$883
Feb 201528944.662.98$860
Jan 201529443.433.10$912
Dec 201426554.693.59$952
Nov 201433670.464.25$1,429
Oct 201438278.303.90$1,490
Sep 201427086.164.05$1,092
Aug 201443189.394.04$1,739
Jul 201437196.564.18$1,551
Jun 201435698.164.74$1,686
May 201435794.734.73$1,687
Apr 201434395.944.81$1,650
Mar 201436595.895.06$1,846
Feb 201433497.406.19$2,068
Jan 201437390.404.86$1,813
Dec 201334691.824.35$1,507
Nov 201326688.853.74$994
Oct 201314497.423.78$544
Sep 2013268104.113.72$996
Aug 2013386104.253.52$1,360
Jul 2013343102.523.72$1,275
Jun 201338794.403.93$1,522
May 201339494.834.15$1,635
Apr 201338993.964.28$1,666
Mar 201339593.623.91$1,546
Feb 201339091.233.42$1,334
Jan 201342791.603.42$1,460
Dec 201228586.773.42$975
Nov 201231286.953.62$1,131
Oct 201227189.383.40$921
Sep 201228994.672.92$843
Aug 201230892.662.91$896
Jul 201225485.133.02$767
Jun 201210979.822.52$275
May 20121791.612.49$42
Apr 2012287101.652.00$573
Mar 2012274105.052.22$609
Feb 2012251101.102.57$645
Jan 201228898.092.73$787
Dec 201120996.873.24$677
Nov 201120695.723.31$682
Oct 201123884.983.65$868
Sep 201123283.623.99$925
Aug 2011883.404.15$33
Jul 201123494.144.52$1,057
Jun 201146392.904.64$2,148
May 201144498.134.40$1,956
Apr 2011448105.964.33$1,941
Mar 201139796.364.06$1,611
Feb 201111785.644.18$489
Jan 201133886.504.59$1,551
Dec 201045185.734.35$1,961
Nov 201041080.843.80$1,556
Oct 201041578.103.51$1,456
Sep 201041372.633.98$1,644
Aug 201047973.684.42$2,117
Jul 201042572.554.74$2,013
Jun 201037370.364.91$1,832
May 201043771.124.24$1,851
Apr 201046081.694.12$1,896
Mar 201038178.394.39$1,672
Feb 201037373.585.44$2,030
Jan 201038774.365.96$2,308
Dec 200944971.445.48$2,462
Nov 200944774.593.75$1,677
Oct 200949272.544.11$2,022
Sep 200930665.543.06$938
Aug 20098067.423.22$257
Jul 200926161.133.46$904
Jun 200946666.163.90$1,815
May 200944454.743.93$1,743
Apr 200944346.773.59$1,589
Mar 200946242.144.06$1,875
Feb 200941432.814.63$1,918
Jan 200946735.865.37$2,508
Dec 200846537.105.98$2,779
Nov 200843455.496.86$2,977
Oct 200834775.246.92$2,402
Sep 2008151101.767.88$1,189
Aug 2008370114.228.48$3,139
Jul 2008374131.0811.39$4,260
Jun 2008352131.3313.03$4,587
May 2008372123.1711.57$4,306
Apr 2008354110.3110.45$3,701
Mar 2008398101.909.66$3,846
Feb 200833692.538.77$2,947
Jan 200837090.388.21$3,036
Dec 200734388.337.30$2,505
Nov 200729091.677.29$2,115
Oct 200745182.856.92$3,122
Sep 200742575.846.24$2,654
Aug 200718069.066.39$1,150
Jul 200723570.906.39$1,501
Jun 20079662.007.55$725
May 20078758.747.85$683
Apr 20078559.617.81$663
Mar 20078856.927.30$643
Feb 20078255.108.22$674
Jan 200712150.306.73$814
Dec 20067956.656.92$547
Nov 200610354.207.62$785
Oct 20066254.906.01$373
Sep 20068960.085.04$448
Aug 200637468.717.34$2,745
Jul 200635269.376.34$2,233
Jun 200621566.286.38$1,373
May 200630266.016.42$1,940
Apr 200628364.397.36$2,083
Mar 200639756.707.08$2,812
Feb 200635157.597.75$2,721
Jan 200637660.598.93$3,359
Dec 200536954.9413.42$4,950
Nov 200543354.6910.59$4,585
Oct 200544758.3413.80$6,167
Sep 200554961.4512.08$6,631
Aug 2005061.519.80$0
Jul 2005055.697.84$0
Jun 2005052.337.38$0
May 20054445.226.65$293
Apr 20056349.207.36$464
Mar 200535650.377.15$2,547
Feb 200538945.226.31$2,455
Jan 200525743.166.32$1,625
Dec 200433339.866.75$2,248
Nov 200451445.286.33$3,254
Oct 200439949.706.52$2,600
Sep 200440543.245.28$2,140
Aug 200442742.375.55$2,370
Jul 200439238.286.08$2,385
Jun 200459036.106.43$3,795
May 200433237.486.49$2,156
Apr 200437934.475.86$2,220
Mar 200459934.365.53$3,313
Feb 200459832.455.51$3,295
Jan 200461932.036.30$3,899
Dec 200348130.266.30$3,031
Nov 200353328.804.60$2,449
Oct 200355128.174.76$2,623
Sep 200359526.314.75$2,826
Aug 200353429.765.13$2,739
Jul 200359129.415.17$3,056
Jun 200343028.565.98$2,573
May 200353726.595.97$3,207
Apr 200341426.675.41$2,239
Mar 200354431.146.10$3,316
Feb 200345733.487.93$3,622
Jan 200347230.315.58$2,635
Dec 200252126.914.85$2,529
Nov 200250824.664.14$2,102
Oct 200246826.464.23$1,979
Sep 200249327.443.64$1,792
Aug 200287825.963.16$2,778
Jul 200271024.583.06$2,174
Jun 200270223.733.34$2,343
May 200239124.663.58$1,401
Apr 200251923.653.51$1,823
Mar 200255522.003.10$1,722
Feb 200237618.222.38$893
Jan 200274117.172.38$1,760
Dec 200189616.932.36$2,119
Nov 200121618.072.41$520
Oct 200114519.782.53$367
Sep 200113024.262.25$293
Aug 200134024.873.05$1,038
Jul 200189623.933.20$2,865
Jun 200150524.563.82$1,931
May 200162225.524.31$2,679
Apr 200176924.685.34$4,103
Mar 200180424.545.38$4,323
Feb 200180127.755.77$4,619
Jan 200156427.478.40$4,737
Dec 200047626.889.12$4,342
Nov 200036532.215.66$2,065
Oct 200053331.235.15$2,743
Sep 200058131.875.19$3,013
Aug 200046629.644.54$2,116
Jul 200044628.534.09$1,824
Jun 200050629.304.40$2,225
May 200062527.263.68$2,300
Apr 200053924.513.12$1,680
Mar 200046128.422.86$1,318
Feb 200056327.622.73$1,535
Jan 200030425.272.48$754
Dec 199929524.282.42$715
Nov 199977423.192.43$1,884
Oct 199986120.982.80$2,414
Sep 199960021.752.62$1,571
Aug 199928919.262.88$831
Jul 199927517.892.37$652
Jun 199928815.942.36$680
May 199959115.792.32$1,372
Apr 199935815.102.21$790
Mar 199946912.471.84$862
Feb 19994989.981.82$905
Jan 199954210.381.90$1,030
Dec 19986419.201.77$1,137
Nov 199860510.892.19$1,322
Oct 199862412.421.97$1,229
Sep 199862112.592.08$1,293
Aug 199864111.301.91$1,223
Jul 199869211.742.24$1,548
Jun 199864111.242.24$1,434
May 199877712.622.21$1,714
Apr 199863013.042.51$1,578
Mar 199877312.802.31$1,785
Feb 199878913.952.30$1,814
Jan 199839914.702.15$860
Dec 199772716.322.41$1,753
Nov 199767018.193.09$2,069
Oct 199777019.253.15$2,425
Sep 199776117.742.95$2,249
Aug 199779717.862.55$2,036
Jul 199781417.582.25$1,829
Jun 199774717.242.26$1,686
May 199786318.972.31$1,992
Apr 199786917.882.08$1,810
Mar 199791918.951.94$1,782
Feb 199769120.492.21$1,524
Jan 199787923.483.54$3,111
Dec 199680823.32$0
Nov 199682521.97$0
Oct 199697323.31$0
Sep 199694722.22$0
Aug 199685020.26$0
Jul 199696719.55$0
Jun 19961,01418.73$0
May 199696719.43$0
Apr 199694921.51$0
Mar 199695719.38$0
Feb 199699116.98$0
Jan 19961,28217.07$0
Dec 199578517.19$0
Nov 19951,22516.00$0
Oct 19951,22215.43$0
Sep 19951,21416.18$0
Aug 19951,32415.92$0
Jul 19951,38215.24$0
Jun 19951,38916.41$0
May 19951,43817.56$0
Apr 19951,32617.73$0
Mar 19951,41416.44$0
Feb 19951,31616.58$0
Jan 19951,33715.92$0
Dec 19941,54115.03$0
Nov 19941,61815.90$0
Oct 19941,82415.58$0
Sep 19941,62415.29$0
Aug 19941,85316.13$0
Jul 19941,99317.56$0
Jun 19941,96917.09$0
May 19941,86615.88$0
Apr 19941,84414.14$0
Mar 19941,98712.46$0
Feb 19941,85412.50$0
Jan 19941,80612.66$0
Dec 1993012.33$0
Nov 19931,57814.49$0
Oct 19931,62715.85$0
Sep 19931,69415.03$0
Aug 19931,89415.66$0
Jul 19931,99115.46$0
Jun 19932,19616.79$0
May 19932,56917.68$0
Apr 19932,34718.05$0
Mar 19932,56718.14$0
Feb 19932,33617.90$0
Jan 19932,66516.93$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
Gas                  240 Mcf  × $  3.93 =       $942

────────────────────────────────────────────────────
Month total                                     $942

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/126252 is the state's own key, not one this site invented.