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 126254District 08Field 49038639Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$720 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
GasProduction228,846 Mcf$719,636
Total$719,636

51,607 Mcf of this lease's gas, across 29 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 31.9139, -103.1158. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.91387, -103.11582 · 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
2,760 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 2,760 ft.

Completions filed
Sep 1994
1 of 1 wells

1 well

42-495321463282,760 ftSep 1994

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 20221109.378.43$8
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 202183570.783.98$3,325
Jun 2021069.493.38$0
May 202114663.483.02$441
Apr 202113760.362.76$378
Mar 202116161.302.72$437
Feb 202112557.805.55$693
Jan 202117350.412.81$486
Dec 202018744.642.68$500
Nov 202022938.772.71$620
Oct 20206136.972.48$151
Sep 202017937.091.99$356
Aug 202015639.982.39$372
Jul 202020738.371.83$378
Jun 202018134.901.69$306
May 202014316.921.81$260
Apr 202013414.751.80$242
Mar 202013430.341.86$249
Feb 202013149.881.98$259
Jan 202015057.252.09$314
Dec 201914459.012.30$332
Nov 201914155.302.75$388
Oct 2019053.472.42$0
Sep 201910655.052.66$282
Aug 201911653.112.30$267
Jul 201911556.272.46$283
Jun 201918452.782.49$458
May 201919658.482.74$537
Apr 201920462.632.75$561
Mar 201920056.803.06$612
Feb 201917850.852.79$497
Jan 201921346.033.23$688
Dec 201816346.594.19$682
Nov 201820552.934.24$869
Oct 201817261.443.40$584
Sep 201818659.543.11$578
Aug 201828559.403.07$874
Jul 201830965.142.93$906
Jun 201832360.183.08$994
May 201831665.382.90$917
Apr 201832763.842.90$949
Mar 201834861.222.79$970
Feb 201826161.782.77$722
Jan 201825462.874.01$1,018
Dec 201731457.272.92$917
Nov 201731955.423.12$995
Oct 201718449.292.98$549
Sep 201724047.523.09$741
Aug 201726945.373.00$808
Jul 201721543.873.09$664
Jun 20178542.493.09$262
May 201713545.373.26$441
Apr 201720547.933.21$658
Mar 201710446.772.98$310
Feb 201723850.452.95$703
Jan 201731249.413.42$1,067
Dec 201628648.763.72$1,065
Nov 201630942.492.64$817
Oct 201637146.193.09$1,146
Sep 201640241.553.10$1,246
Aug 201638241.442.92$1,117
Jul 201640141.622.92$1,173
Jun 201637645.352.69$1,010
May 201636242.521.99$721
Apr 201634736.561.99$691
Mar 201634033.011.79$610
Feb 201623226.472.06$479
Jan 201630827.352.36$728
Dec 201530632.362.00$612
Nov 201529938.792.17$648
Oct 201534643.552.43$840
Sep 201536442.992.76$1,004
Aug 201536440.162.87$1,046
Jul 201529048.152.95$854
Jun 201522456.152.88$646
May 201523555.212.96$695
Apr 201533549.822.71$907
Mar 201533942.892.93$995
Feb 201532644.662.98$970
Jan 201533143.433.10$1,026
Dec 201429854.693.59$1,070
Nov 201437870.464.25$1,607
Oct 201443078.303.90$1,677
Sep 201430386.164.05$1,226
Aug 201448589.394.04$1,957
Jul 201441896.564.18$1,747
Jun 201440098.164.74$1,895
May 201441494.734.73$1,957
Apr 201445795.944.81$2,198
Mar 201448795.895.06$2,463
Feb 201444597.406.19$2,755
Jan 201449790.404.86$2,416
Dec 201346191.824.35$2,007
Nov 201335588.853.74$1,327
Oct 201319397.423.78$729
Sep 2013357104.113.72$1,327
Aug 2013513104.253.52$1,807
Jul 2013442102.523.72$1,643
Jun 201349594.403.93$1,947
May 201350494.834.15$2,091
Apr 201348993.964.28$2,094
Mar 201348693.623.91$1,902
Feb 201346991.233.42$1,604
Jan 201350891.603.42$1,737
Dec 201237286.773.42$1,272
Nov 201236986.953.62$1,338
Oct 201224389.383.40$826
Sep 201234894.672.92$1,016
Aug 201243692.662.91$1,268
Jul 201234985.133.02$1,054
Jun 20128779.822.52$219
May 20122491.612.49$60
Apr 2012414101.652.00$827
Mar 2012394105.052.22$876
Feb 2012362101.102.57$930
Jan 201241598.092.73$1,135
Dec 201131496.873.24$1,017
Nov 201130995.723.31$1,023
Oct 201134484.983.65$1,255
Sep 201133583.623.99$1,335
Aug 201121283.404.15$880
Jul 201116294.144.52$732
Jun 201137192.904.64$1,721
May 201155998.134.40$2,462
Apr 2011587105.964.33$2,544
Mar 201156896.364.06$2,305
Feb 201118085.644.18$752
Jan 201141786.504.59$1,914
Dec 201055085.734.35$2,391
Nov 201050880.843.80$1,928
Oct 201054078.103.51$1,895
Sep 201054572.633.98$2,169
Aug 201064773.684.42$2,859
Jul 201041772.554.74$1,975
Jun 201037870.364.91$1,856
May 201053471.124.24$2,262
Apr 201056981.694.12$2,346
Mar 201050378.394.39$2,208
Feb 201052273.585.44$2,841
Jan 201053874.365.96$3,209
Dec 200953871.445.48$2,950
Nov 200957374.593.75$2,150
Oct 200968872.544.11$2,828
Sep 200928365.543.06$867
Aug 20099567.423.22$306
Jul 200928361.133.46$980
Jun 200951066.163.90$1,986
May 200950854.743.93$1,994
Apr 200948246.773.59$1,729
Mar 200949442.144.06$2,005
Feb 200944532.814.63$2,062
Jan 200950235.865.37$2,696
Dec 200853037.105.98$3,168
Nov 200852955.496.86$3,629
Oct 200849375.246.92$3,413
Sep 2008245101.767.88$1,930
Aug 2008456114.228.48$3,868
Jul 2008469131.0811.39$5,342
Jun 2008446131.3313.03$5,813
May 2008442123.1711.57$5,116
Apr 2008428110.3110.45$4,475
Mar 2008475101.909.66$4,590
Feb 200841992.538.77$3,675
Jan 200847890.388.21$3,922
Dec 200750388.337.30$3,673
Nov 200730091.677.29$2,188
Oct 200752482.856.92$3,627
Sep 200747875.846.24$2,985
Aug 200740469.066.39$2,581
Jul 200748370.906.39$3,085
Jun 200747062.007.55$3,548
May 200749858.747.85$3,907
Apr 200748559.617.81$3,786
Mar 200749456.927.30$3,607
Feb 200746355.108.22$3,804
Jan 200759250.306.73$3,982
Dec 200643356.656.92$2,996
Nov 200655754.207.62$4,243
Oct 200647554.906.01$2,857
Sep 200646460.085.04$2,337
Aug 200648968.717.34$3,589
Jul 200652369.376.34$3,317
Jun 200632666.286.38$2,081
May 200644666.016.42$2,866
Apr 200624964.397.36$1,833
Mar 200631956.707.08$2,259
Feb 200628357.597.75$2,194
Jan 200630360.598.93$2,707
Dec 200530654.9413.42$4,105
Nov 200536254.6910.59$3,833
Oct 200542058.3413.80$5,794
Sep 200551161.4512.08$6,172
Aug 200565161.519.80$6,378
Jul 200560455.697.84$4,738
Jun 200563852.337.38$4,709
May 200564045.226.65$4,257
Apr 200556749.207.36$4,173
Mar 200566750.377.15$4,772
Feb 200563745.226.31$4,021
Jan 200564543.166.32$4,078
Dec 200469139.866.75$4,665
Nov 200467445.286.33$4,267
Oct 200472349.706.52$4,710
Sep 200471043.245.28$3,752
Aug 200472742.375.55$4,035
Jul 200474338.286.08$4,521
Jun 200469836.106.43$4,490
May 200460237.486.49$3,910
Apr 200463534.475.86$3,720
Mar 200476834.365.53$4,247
Feb 200476632.455.51$4,220
Jan 200479332.036.30$4,996
Dec 200374530.266.30$4,695
Nov 200369228.804.60$3,180
Oct 200374928.174.76$3,565
Sep 200372526.314.75$3,443
Aug 200386829.765.13$4,453
Jul 200385629.415.17$4,426
Jun 200365728.565.98$3,931
May 200375126.595.97$4,485
Apr 200358226.675.41$3,147
Mar 200368231.146.10$4,158
Feb 200365733.487.93$5,207
Jan 200379830.315.58$4,454
Dec 200275526.914.85$3,665
Nov 200279724.664.14$3,297
Oct 200276926.464.23$3,252
Sep 200285627.443.64$3,112
Aug 20021,03925.963.16$3,288
Jul 200287424.583.06$2,676
Jun 20021,22623.733.34$4,093
May 200265424.663.58$2,344
Apr 200286823.653.51$3,049
Mar 200286022.003.10$2,668
Feb 200268718.222.38$1,632
Jan 200252517.172.38$1,247
Dec 200162616.932.36$1,480
Nov 200167718.072.41$1,629
Oct 200192719.782.53$2,344
Sep 20011,00024.262.25$2,251
Aug 200194724.873.05$2,891
Jul 200198823.933.20$3,159
Jun 20011,06524.563.82$4,073
May 20011,21425.524.31$5,229
Apr 20011,11324.685.34$5,938
Mar 20011,08524.545.38$5,833
Feb 200185627.755.77$4,937
Jan 20011,06027.478.40$8,903
Dec 200092426.889.12$8,429
Nov 200067732.215.66$3,830
Oct 20001,04431.235.15$5,372
Sep 200045831.875.19$2,375
Aug 200077829.644.54$3,533
Jul 200086828.534.09$3,550
Jun 200095729.304.40$4,208
May 20001,50027.263.68$5,520
Apr 20001,06024.513.12$3,303
Mar 200090728.422.86$2,594
Feb 200076427.622.73$2,083
Jan 20004,12425.272.48$10,230
Dec 19994,21624.282.42$10,218
Nov 19991,10623.192.43$2,692
Oct 19991,22920.982.80$3,446
Sep 19991,20821.752.62$3,164
Aug 19991,32019.262.88$3,796
Jul 19991,26617.892.37$3,003
Jun 19991,22115.942.36$2,884
May 19991,25415.792.32$2,911
Apr 19991,38115.102.21$3,049
Mar 19991,31612.471.84$2,419
Feb 19991,2599.981.82$2,289
Jan 19991,30610.381.90$2,481
Dec 19981,4839.201.77$2,630
Nov 19981,49610.892.19$3,270
Oct 19981,53712.421.97$3,027
Sep 1998012.592.08$0
Aug 19981,55911.301.91$2,974
Jul 19981,55111.742.24$3,470
Jun 19981,43111.242.24$3,202
May 19981,62712.622.21$3,590
Apr 19981,55513.042.51$3,896
Mar 19981,58712.802.31$3,665
Feb 19981,65513.952.30$3,805
Jan 19981,15414.702.15$2,487
Dec 19971,57116.322.41$3,788
Nov 19971,31818.193.09$4,070
Oct 19971,58619.253.15$4,996
Sep 19971,40517.742.95$4,152
Aug 19971,23317.862.55$3,150
Jul 19971,69417.582.25$3,806
Jun 19971,48317.242.26$3,347
May 19971,76918.972.31$4,084
Apr 19971,80317.882.08$3,755
Mar 19971,45318.951.94$2,818
Feb 19971,14920.492.21$2,535
Jan 19971,56623.483.54$5,543
Dec 19961,75423.32$0
Nov 19961,87621.97$0
Oct 19961,94923.31$0
Sep 19961,80222.22$0
Aug 19961,58420.26$0
Jul 19961,67619.55$0
Jun 19961,52418.73$0
May 19961,89519.43$0
Apr 19962,13621.51$0
Mar 19961,98319.38$0
Feb 19961,93016.98$0
Jan 19962,12917.07$0
Dec 19952,01817.19$0
Nov 19952,23616.00$0
Oct 19952,17615.43$0
Sep 19952,15916.18$0
Aug 19952,22015.92$0
Jul 19952,11515.24$0
Jun 19951,89516.41$0
May 19951,95017.56$0
Apr 19951,79917.73$0
Mar 19951,86316.44$0
Feb 19951,60616.58$0
Jan 19951,63915.92$0
Dec 19941,65915.03$0
Nov 19941,09715.90$0
Oct 19941,08815.58$0
Sep 199428015.29$0
Aug 19941,56916.13$0
Jul 1994017.56$0
Jun 1994017.09$0
May 1994015.88$0
Apr 1994014.14$0
Mar 1994012.46$0
Feb 1994012.50$0
Jan 1994012.66$0
Dec 1993012.33$0
Nov 1993014.49$0
Oct 1993015.85$0
Sep 1993015.03$0
Aug 1993015.66$0
Jul 1993015.46$0
Jun 1993016.79$0
May 1993017.68$0
Apr 1993018.05$0
Mar 1993018.14$0
Feb 1993017.90$0
Jan 1993016.93$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 2022 — as filed, then multipliedworked
Gas                    1 Mcf  × $  8.43 =         $8

────────────────────────────────────────────────────
Month total                                       $8

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/126254 is the state's own key, not one this site invented.