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 126255District 08Field 49038639Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$1.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$10 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
GasProduction575,252 Mcf$1,944,351
Total$1,944,351

157,765 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 31.8882, -103.1119. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.88819, -103.11194 · 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
2,745 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 2,745 ft.

Completions filed
Dec 1987
1 of 1 wells

1 well

42-495321453292,745 ftDec 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 202534058.593.93$1,335
Oct 202552759.383.30$1,742
Sep 202551062.743.08$1,569
Aug 202552763.933.01$1,589
Jul 202552766.743.32$1,747
Jun 202551066.483.13$1,596
May 202552760.553.23$1,703
Apr 202548162.363.54$1,704
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 2023670.622.23$13
Apr 2023978.122.24$20
Mar 2023372.852.39$7
Feb 20232275.112.47$54
Jan 202318276.533.39$617
Dec 202263076.415.73$3,609
Nov 2022385.005.65$17
Oct 202216187.185.86$944
Sep 202281184.888.16$6,621
Aug 202285694.529.13$7,813
Jul 20221,632101.587.54$12,309
Jun 20221,421115.097.98$11,336
May 20221,544109.378.43$13,021
Apr 20221,016104.226.84$6,947
Mar 20221,117108.885.08$5,670
Feb 20221,10591.054.86$5,369
Jan 20221,10581.844.54$5,014
Dec 20211,18071.323.90$4,601
Nov 20211,13377.435.24$5,933
Oct 20211,15779.795.71$6,611
Sep 202127869.865.35$1,488
Aug 20211,33166.024.22$5,618
Jul 20211,55570.783.98$6,192
Jun 2021069.493.38$0
May 20216263.483.02$187
Apr 20215960.362.76$163
Mar 20216961.302.72$187
Feb 20215357.805.55$294
Jan 20217450.412.81$208
Dec 20208044.642.68$214
Nov 20209838.772.71$265
Oct 20202636.972.48$64
Sep 20207637.091.99$151
Aug 20206739.982.39$160
Jul 20208938.371.83$162
Jun 20207734.901.69$130
May 20206116.921.81$111
Apr 20205714.751.80$103
Mar 20205730.341.86$106
Feb 20205649.881.98$111
Jan 20206457.252.09$134
Dec 20196259.012.30$143
Nov 20196055.302.75$165
Oct 2019053.472.42$0
Sep 20194555.052.66$120
Aug 20195053.112.30$115
Jul 20194956.272.46$121
Jun 20197952.782.49$197
May 20198458.482.74$230
Apr 20198762.632.75$239
Mar 20198656.803.06$263
Feb 20197650.852.79$212
Jan 20199146.033.23$294
Dec 20187046.594.19$293
Nov 20188852.934.24$373
Oct 20187461.443.40$251
Sep 20189659.543.11$298
Aug 201818759.403.07$573
Jul 201820265.142.93$592
Jun 201821160.183.08$649
May 201820765.382.90$600
Apr 201821463.842.90$621
Mar 201822861.222.79$635
Feb 201817161.782.77$473
Jan 201816762.874.01$670
Dec 201720657.272.92$602
Nov 201720955.423.12$652
Oct 201712049.292.98$358
Sep 201715747.523.09$485
Aug 201717645.373.00$529
Jul 201714143.873.09$435
Jun 20175642.493.09$173
May 20178945.373.26$290
Apr 201713447.933.21$430
Mar 20176846.772.98$203
Feb 201715650.452.95$461
Jan 201720449.413.42$697
Dec 201618848.763.72$700
Nov 201620342.492.64$537
Oct 201624346.193.09$751
Sep 201626341.553.10$815
Aug 201625041.442.92$731
Jul 201626341.622.92$769
Jun 201624645.352.69$661
May 201623742.521.99$472
Apr 201622736.561.99$452
Mar 201622333.011.79$400
Feb 201615226.472.06$314
Jan 201620127.352.36$475
Dec 201520032.362.00$400
Nov 201519638.792.17$425
Oct 201522743.552.43$551
Sep 201523842.992.76$657
Aug 201523840.162.87$684
Jul 201519048.152.95$560
Jun 201518056.152.88$519
May 201520055.212.96$591
Apr 201528649.822.71$774
Mar 201528942.892.93$848
Feb 201527844.662.98$827
Jan 201528343.433.10$877
Dec 201425554.693.59$916
Nov 201432370.464.25$1,373
Oct 201436778.303.90$1,432
Sep 201425986.164.05$1,048
Aug 201441489.394.04$1,671
Jul 201435796.564.18$1,492
Jun 201434298.164.74$1,620
May 201435694.734.73$1,683
Apr 201440795.944.81$1,957
Mar 201443395.895.06$2,190
Feb 201439697.406.19$2,452
Jan 201444290.404.86$2,148
Dec 201341091.824.35$1,785
Nov 201331588.853.74$1,178
Oct 201317197.423.78$646
Sep 2013317104.113.72$1,179
Aug 2013475104.253.52$1,673
Jul 2013409102.523.72$1,521
Jun 201345994.403.93$1,805
May 201346794.834.15$1,938
Apr 20131,52093.964.28$6,510
Mar 20131,47693.623.91$5,775
Feb 20131,59791.233.42$5,462
Jan 20131,71491.603.42$5,862
Dec 201252686.773.42$1,799
Nov 20121,22986.953.62$4,455
Oct 201279089.383.40$2,686
Sep 20121,31794.672.92$3,844
Aug 20121,59592.662.91$4,639
Jul 20121,23385.133.02$3,725
Jun 20123679.822.52$91
May 20122391.612.49$57
Apr 2012405101.652.00$809
Mar 2012385105.052.22$856
Feb 2012354101.102.57$910
Jan 201240598.092.73$1,107
Dec 201129496.873.24$952
Nov 201129095.723.31$960
Oct 201196484.983.65$3,517
Sep 201192483.623.99$3,683
Aug 20112783.404.15$112
Jul 201171894.144.52$3,243
Jun 20111,64492.904.64$7,628
May 20112,47698.134.40$10,906
Apr 20112,497105.964.33$10,820
Mar 20112,21296.364.06$8,975
Feb 201119285.644.18$803
Jan 20111,36386.504.59$6,255
Dec 20102,07985.734.35$9,039
Nov 20101,90280.843.80$7,219
Oct 20101,92378.103.51$6,748
Sep 20101,89672.633.98$7,545
Aug 20101,69673.684.42$7,495
Jul 20101,50472.554.74$7,124
Jun 20101,32070.364.91$6,482
May 20101,54871.124.24$6,556
Apr 20101,63181.694.12$6,724
Mar 20101,46378.394.39$6,421
Feb 20101,79973.585.44$9,791
Jan 20101,88074.365.96$11,212
Dec 20092,24271.445.48$12,295
Nov 20092,24374.593.75$8,415
Oct 20092,82072.544.11$11,591
Sep 200964065.543.06$1,961
Aug 200915867.423.22$509
Jul 200992861.133.46$3,215
Jun 20091,65866.163.90$6,458
May 20091,58054.743.93$6,203
Apr 20091,57746.773.59$5,657
Mar 20091,64642.144.06$6,681
Feb 20091,70032.814.63$7,876
Jan 20091,57535.865.37$8,459
Dec 20081,94137.105.98$11,602
Nov 20081,92955.496.86$13,234
Oct 20081,76975.246.92$12,245
Sep 2008649101.767.88$5,112
Aug 20081,595114.228.48$13,530
Jul 20081,611131.0811.39$18,348
Jun 20081,514131.3313.03$19,731
May 20081,600123.1711.57$18,519
Apr 20081,523110.3110.45$15,923
Mar 20081,685101.909.66$16,284
Feb 20081,47892.538.77$12,963
Jan 20082,08490.388.21$17,101
Dec 20071,80988.337.30$13,209
Nov 20071,18291.677.29$8,619
Oct 20071,49182.856.92$10,321
Sep 20071,42775.846.24$8,910
Aug 20071,06469.066.39$6,797
Jul 20071,45270.906.39$9,275
Jun 20071,37562.007.55$10,379
May 20071,41058.747.85$11,063
Apr 20071,37659.617.81$10,740
Mar 20071,44056.927.30$10,515
Feb 20071,33955.108.22$11,001
Jan 20071,70550.306.73$11,469
Dec 20061,21356.656.92$8,392
Nov 20061,74554.207.62$13,293
Oct 20061,66354.906.01$10,001
Sep 20061,67160.085.04$8,417
Aug 20061,72368.717.34$12,647
Jul 20061,87469.376.34$11,886
Jun 200686666.286.38$5,528
May 20061,52466.016.42$9,792
Apr 20061,50464.397.36$11,070
Mar 20061,72756.707.08$12,232
Feb 20061,52957.597.75$11,851
Jan 20061,63760.598.93$14,624
Dec 20051,65654.9413.42$22,216
Nov 20051,86354.6910.59$19,726
Oct 20052,13658.3413.80$29,468
Sep 20051,74861.4512.08$21,114
Aug 20052,06961.519.80$20,270
Jul 20052,05555.697.84$16,119
Jun 2005052.337.38$0
May 20052,10345.226.65$13,987
Apr 20051,60549.207.36$11,814
Mar 20052,17350.377.15$15,548
Feb 20052,00945.226.31$12,681
Jan 20051,96843.166.32$12,442
Dec 20042,20939.866.75$14,913
Nov 20042,31345.286.33$14,642
Oct 20042,44049.706.52$15,897
Sep 20042,40043.245.28$12,681
Aug 20042,44342.375.55$13,560
Jul 20042,45738.286.08$14,949
Jun 20042,29436.106.43$14,757
May 20042,14237.486.49$13,911
Apr 20042,06434.475.86$12,092
Mar 20042,47334.365.53$13,676
Feb 20042,46732.455.51$13,592
Jan 20042,55332.036.30$16,083
Dec 20032,56130.266.30$16,139
Nov 20032,59928.804.60$11,943
Oct 20032,62228.174.76$12,480
Sep 20032,47326.314.75$11,745
Aug 20032,89529.765.13$14,851
Jul 20032,57429.415.17$13,310
Jun 20031,93728.565.98$11,589
May 20031,77826.595.97$10,619
Apr 20031,04026.675.41$5,624
Mar 20031,23731.146.10$7,541
Feb 20031,50733.487.93$11,944
Jan 20032,39930.315.58$13,391
Dec 20022,04026.914.85$9,902
Nov 20022,03424.664.14$8,415
Oct 20022,13826.464.23$9,042
Sep 20022,94127.443.64$10,691
Aug 20023,29925.963.16$10,439
Jul 20022,50924.583.06$7,682
Jun 20023,19123.733.34$10,652
May 20022,10124.663.58$7,530
Apr 20022,78923.653.51$9,796
Mar 20023,21222.003.10$9,966
Feb 20022,52918.222.38$6,008
Jan 200273117.172.38$1,737
Dec 200183516.932.36$1,974
Nov 20012,35218.072.41$5,658
Oct 20012,81319.782.53$7,114
Sep 20012,70924.262.25$6,099
Aug 20012,43424.873.05$7,431
Jul 20012,33123.933.20$7,452
Jun 20012,41924.563.82$9,251
May 20012,67725.524.31$11,531
Apr 20012,60024.685.34$13,872
Mar 20012,50524.545.38$13,468
Feb 20011,90327.755.77$10,975
Jan 20012,23127.478.40$18,738
Dec 20001,87626.889.12$17,114
Nov 20001,22232.215.66$6,914
Oct 20001,74031.235.15$8,953
Sep 20001,31931.875.19$6,841
Aug 20001,12729.644.54$5,117
Jul 20001,70828.534.09$6,985
Jun 20001,74529.304.40$7,673
May 20002,91627.263.68$10,730
Apr 20002,66124.513.12$8,292
Mar 20002,27628.422.86$6,509
Feb 20002,01027.622.73$5,480
Jan 20001,08525.272.48$2,691
Dec 19991,13924.282.42$2,761
Nov 19993,04123.192.43$7,402
Oct 19993,44320.982.80$9,653
Sep 19992,95821.752.62$7,747
Aug 19993,34419.262.88$9,616
Jul 19992,93417.892.37$6,961
Jun 19992,85315.942.36$6,739
May 19992,86715.792.32$6,654
Apr 1999015.102.21$0
Mar 19993,05912.471.84$5,623
Feb 19992,8819.981.82$5,237
Jan 19992,83710.381.90$5,390
Dec 199809.201.77$0
Nov 199835910.892.19$785
Oct 19983,44612.421.97$6,786
Sep 19983,32312.592.08$6,921
Aug 19983,40011.301.91$6,485
Jul 19983,36211.742.24$7,522
Jun 19982,98111.242.24$6,669
May 19983,56712.622.21$7,870
Apr 19983,10213.042.51$7,772
Mar 19983,17612.802.31$7,335
Feb 19983,68613.952.30$8,475
Jan 19981,42414.702.15$3,068
Dec 19972,95816.322.41$7,132
Nov 19972,83318.193.09$8,749
Oct 19973,59219.253.15$11,314
Sep 19973,64017.742.95$10,756
Aug 19973,78517.862.55$9,670
Jul 19973,24817.582.25$7,298
Jun 19972,46917.242.26$5,573
May 19973,07318.972.31$7,094
Apr 19972,80417.882.08$5,840
Mar 19973,05018.951.94$5,914
Feb 19972,45420.492.21$5,413
Jan 19972,78523.483.54$9,858
Dec 19963,41923.32$0
Nov 19963,84921.97$0
Oct 19964,05423.31$0
Sep 19963,46122.22$0
Aug 19962,93620.26$0
Jul 19962,79619.55$0
Jun 19963,38718.73$0
May 19962,77219.43$0
Apr 19963,52021.51$0
Mar 19963,16819.38$0
Feb 19962,82616.98$0
Jan 19963,32417.07$0
Dec 19953,18417.19$0
Nov 19953,08416.00$0
Oct 19952,86115.43$0
Sep 19952,96616.18$0
Aug 19952,97715.92$0
Jul 19952,73815.24$0
Jun 19952,80516.41$0
May 19953,59917.56$0
Apr 19953,31817.73$0
Mar 19953,60216.44$0
Feb 19953,22516.58$0
Jan 19953,26915.92$0
Dec 19943,47715.03$0
Nov 19943,58415.90$0
Oct 19943,63415.58$0
Sep 19943,08715.29$0
Aug 19943,33616.13$0
Jul 19943,35017.56$0
Jun 19943,19317.09$0
May 19943,48915.88$0
Apr 19943,73014.14$0
Mar 19943,85112.46$0
Feb 19943,39112.50$0
Jan 19943,49512.66$0
Dec 19933,31012.33$0
Nov 19932,93914.49$0
Oct 19932,81015.85$0
Sep 19932,55115.03$0
Aug 19932,62715.66$0
Jul 19932,28915.46$0
Jun 19933,71616.79$0
May 19933,95017.68$0
Apr 19932,95418.05$0
Mar 19934,00618.14$0
Feb 19933,76717.90$0
Jan 19934,08916.93$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                  340 Mcf  × $  3.93 =     $1,335

────────────────────────────────────────────────────
Month total                                   $1,335

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/126255 is the state's own key, not one this site invented.