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 128948District 08Field 49038639Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$1.4 M
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
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
CondensateDisposition12 bbl$325
GasProduction408,958 Mcf$1,437,658
Total$1,437,983

105,998 Mcf of this lease's gas, across 36 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 31.9493, -103.1204. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.94928, -103.12041 · 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
2,800 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 2,800 ft.

Completions filed
Sep 1988
1 of 1 wells

1 well

42-495322123302,800 ftSep 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 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 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
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 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230176.533.39$3
Dec 20220376.415.73$17
Nov 20220085.005.65$0
Oct 20220187.185.86$6
Sep 20220384.888.16$24
Aug 20220394.529.13$27
Jul 202206101.587.54$45
Jun 202205115.097.98$40
May 202206109.378.43$51
Apr 202204104.226.84$27
Mar 202204108.885.08$20
Feb 20220491.054.86$19
Jan 20220481.844.54$18
Dec 20210471.323.90$16
Nov 20210477.435.24$21
Oct 20210479.795.71$23
Sep 20210169.865.35$5
Aug 20210566.024.22$21
Jul 202106570.783.98$259
Jun 20210069.493.38$0
May 202102463.483.02$72
Apr 202102360.362.76$63
Mar 202102761.302.72$73
Feb 202102157.805.55$117
Jan 202102950.412.81$82
Dec 202003144.642.68$83
Nov 202003838.772.71$103
Oct 202001036.972.48$25
Sep 202003037.091.99$60
Aug 202002639.982.39$62
Jul 202003538.371.83$64
Jun 202003034.901.69$51
May 202002416.921.81$44
Apr 202002214.751.80$40
Mar 202002230.341.86$41
Feb 202002249.881.98$44
Jan 202002557.252.09$52
Dec 201902459.012.30$55
Nov 201902355.302.75$63
Oct 20190053.472.42$0
Sep 201901855.052.66$48
Aug 201901953.112.30$44
Jul 201901956.272.46$47
Jun 201903152.782.49$77
May 201903358.482.74$90
Apr 201903462.632.75$94
Mar 201903356.803.06$101
Feb 201903050.852.79$84
Jan 201903546.033.23$113
Dec 201802746.594.19$113
Nov 201803452.934.24$144
Oct 201802961.443.40$99
Sep 201803359.543.11$103
Aug 201805559.403.07$169
Jul 201806065.142.93$176
Jun 201806360.183.08$194
May 201806165.382.90$177
Apr 201806363.842.90$183
Mar 201806761.222.79$187
Feb 201805161.782.77$141
Jan 201804962.874.01$196
Dec 201706157.272.92$178
Nov 201706255.423.12$193
Oct 201703649.292.98$107
Sep 201704647.523.09$142
Aug 201705245.373.00$156
Jul 201704243.873.09$130
Jun 201701642.493.09$49
May 201702645.373.26$85
Apr 201704047.933.21$128
Mar 201702046.772.98$60
Feb 201704650.452.95$136
Jan 201706049.413.42$205
Dec 201605648.763.72$208
Nov 201606042.492.64$159
Oct 201607246.193.09$223
Sep 201607841.553.10$242
Aug 201607441.442.92$216
Jul 201607841.622.92$228
Jun 201607345.352.69$196
May 201607042.521.99$139
Apr 201606736.561.99$133
Mar 201606633.011.79$118
Feb 201604526.472.06$93
Jan 201606027.352.36$142
Dec 201505932.362.00$118
Nov 201505838.792.17$126
Oct 201506743.552.43$163
Sep 201507042.992.76$193
Aug 201507140.162.87$204
Jul 201505648.152.95$165
Jun 201504356.152.88$124
May 201504555.212.96$133
Apr 201506449.822.71$173
Mar 201506442.892.93$188
Feb 201506244.662.98$185
Jan 201506343.433.10$195
Dec 201405754.693.59$205
Nov 201407270.464.25$306
Oct 201409078.303.90$351
Sep 201406486.164.05$259
Aug 2014010289.394.04$412
Jul 201408896.564.18$368
Jun 2014011698.164.74$549
May 2014012894.734.73$605
Apr 2014013995.944.81$668
Mar 2014014895.895.06$748
Feb 2014013597.406.19$836
Jan 2014015190.404.86$734
Dec 2013014091.824.35$610
Nov 2013010888.853.74$404
Oct 201305897.423.78$219
Sep 20130109104.113.72$405
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130894.403.93$31
May 201307594.834.15$311
Apr 201301,03693.964.28$4,437
Mar 201301,17893.623.91$4,609
Feb 2013028991.233.42$988
Jan 201301,35791.603.42$4,641
Dec 2012053186.773.42$1,816
Nov 201201,14786.953.62$4,158
Oct 2012077389.383.40$2,628
Sep 2012079794.672.92$2,326
Aug 2012075692.662.91$2,199
Jul 2012074485.133.02$2,247
Jun 201207479.822.52$186
May 2012020491.612.49$508
Apr 20120298101.652.00$595
Mar 20120377105.052.22$838
Feb 20120419101.102.57$1,077
Jan 2012058098.092.73$1,586
Dec 2011042496.873.24$1,374
Nov 2011041795.723.31$1,381
Oct 2011066284.983.65$2,415
Sep 2011048983.623.99$1,949
Aug 2011039883.404.15$1,651
Jul 2011028494.144.52$1,283
Jun 2011054392.904.64$2,519
May 2011099298.134.40$4,370
Apr 20110978105.964.33$4,238
Mar 2011092796.364.06$3,761
Feb 201101,05385.644.18$4,402
Jan 2011066686.504.59$3,056
Dec 2010088785.734.35$3,856
Nov 2010080480.843.80$3,051
Oct 2010094678.103.51$3,319
Sep 2010094272.633.98$3,749
Aug 2010096373.684.42$4,256
Jul 2010085772.554.74$4,059
Jun 2010068870.364.91$3,378
May 2010082471.124.24$3,490
Apr 2010095081.694.12$3,917
Mar 2010096678.394.39$4,239
Feb 2010089273.585.44$4,855
Jan 201001,06174.365.96$6,328
Dec 2009099071.445.48$5,429
Nov 2009095874.593.75$3,594
Oct 2009099872.544.11$4,102
Sep 2009090565.543.06$2,774
Aug 2009055467.423.22$1,783
Jul 2009065061.133.46$2,252
Jun 200901,23966.163.90$4,826
May 200901,24754.743.93$4,895
Apr 200901,33346.773.59$4,782
Mar 200901,52342.144.06$6,182
Feb 200901,24232.814.63$5,754
Jan 200901,32535.865.37$7,117
Dec 200801,37937.105.98$8,242
Nov 200801,26655.496.86$8,685
Oct 200803,52675.246.92$24,407
Sep 200801,358101.767.88$10,697
Aug 200802,563114.228.48$21,742
Jul 200801,550131.0811.39$17,654
Jun 200801,304131.3313.03$16,995
May 200801,532123.1711.57$17,732
Apr 200801,593110.3110.45$16,655
Mar 200801,359101.909.66$13,133
Feb 200801,45892.538.77$12,788
Jan 200801,66390.388.21$13,646
Dec 200702,66388.337.30$19,445
Nov 200702,06991.677.29$15,087
Oct 200701,83882.856.92$12,723
Sep 200701,99175.846.24$12,432
Aug 200701,34669.066.39$8,598
Jul 200701,82870.906.39$11,677
Jun 200701,70362.007.55$12,855
May 200701,45658.747.85$11,424
Apr 200702,89459.617.81$22,588
Mar 200702,82256.927.30$20,606
Feb 200702,28355.108.22$18,757
Jan 200701,13450.306.73$7,628
Dec 200602,14056.656.92$14,805
Nov 2006099054.207.62$7,541
Oct 200602,12454.906.01$12,773
Sep 200601,11860.085.04$5,632
Aug 200601,11168.717.34$8,155
Jul 200601,35669.376.34$8,601
Jun 2006099566.286.38$6,352
May 200601,61466.016.42$10,370
Apr 200601,47164.397.36$10,827
Mar 2006088756.707.08$6,283
Feb 2006078557.597.75$6,085
Jan 2006084060.598.93$7,504
Dec 2005056254.9413.42$7,539
Nov 2005035854.6910.59$3,791
Oct 2005040458.3413.80$5,573
Sep 2005076761.4512.08$9,265
Aug 200501,19261.519.80$11,678
Jul 200501,80555.697.84$14,158
Jun 200502,00252.337.38$14,777
May 200501,74445.226.65$11,600
Apr 200501,76449.207.36$12,984
Mar 200501,09050.377.15$7,799
Feb 2005090245.226.31$5,693
Jan 2005091943.166.32$5,810
Dec 200401,72439.866.75$11,639
Nov 200402,19945.286.33$13,921
Oct 200401,26049.706.52$8,209
Sep 2004046043.245.28$2,431
Aug 200401,26442.375.55$7,016
Jul 2004079938.286.08$4,861
Jun 200401,76036.106.43$11,322
May 200402,26337.486.49$14,697
Apr 200401,77734.475.86$10,410
Mar 200401,54934.365.53$8,566
Feb 200401,54632.455.51$8,518
Jan 200401,59932.036.30$10,073
Dec 200302,46030.266.30$15,502
Nov 200302,06028.804.60$9,466
Oct 200302,28628.174.76$10,881
Sep 200302,36126.314.75$11,213
Aug 200301,73529.765.13$8,900
Jul 200301,52229.415.17$7,870
Jun 200301,31128.565.98$7,844
May 200301,83726.595.97$10,972
Apr 200302,60726.675.41$14,097
Mar 200302,34331.146.10$14,283
Feb 200301,48333.487.93$11,754
Jan 200302,30530.315.58$12,867
Dec 200202,38726.914.85$11,586
Nov 200203,74024.664.14$15,472
Oct 200201,60826.464.23$6,800
Sep 2002065027.443.64$2,363
Aug 200201,60825.963.16$5,088
Jul 200202,14024.583.06$6,552
Jun 200201,70423.733.34$5,688
May 2002079224.663.58$2,839
Apr 200201,05223.653.51$3,695
Mar 200201,25322.003.10$3,888
Feb 200201,49618.222.38$3,554
Jan 2002055617.172.38$1,321
Dec 200101,88216.932.36$4,450
Nov 200101,49018.072.41$3,584
Oct 200101,88619.782.53$4,769
Sep 200101,92824.262.25$4,341
Aug 200101,13724.873.05$3,471
Jul 2001060723.933.20$1,941
Jun 2001065324.563.82$2,497
May 200101,22525.524.31$5,276
Apr 200101,02924.685.34$5,490
Mar 2001032024.545.38$1,720
Feb 2001049527.755.77$2,855
Jan 200101,18227.478.40$9,927
Dec 200003,08226.889.12$28,116
Nov 2000017432.215.66$984
Oct 200001,26831.235.15$6,524
Sep 2000041531.875.19$2,152
Aug 200003,16429.644.54$14,367
Jul 200002,62728.534.09$10,744
Jun 200002,36229.304.40$10,386
May 200003,87227.263.68$14,248
Apr 200004,65824.513.12$14,514
Mar 200003,98528.422.86$11,396
Feb 2000105,62827.622.73$15,621
Jan 2000030,38525.272.48$75,370
Dec 1999230,14624.282.42$73,114
Nov 199907,85423.192.43$19,117
Oct 1999027620.982.80$774
Sep 1999019021.752.62$498
Aug 1999028619.262.88$822
Jul 1999027717.892.37$657
Jun 1999029115.942.36$687
May 1999034315.792.32$796
Apr 1999027715.102.21$612
Mar 1999028812.471.84$529
Feb 199902659.981.82$482
Jan 1999027810.381.90$528
Dec 199803209.201.77$567
Nov 1998031410.892.19$686
Oct 1998031612.421.97$622
Sep 1998024012.592.08$500
Aug 1998026211.301.91$500
Jul 1998029011.742.24$649
Jun 1998029811.242.24$667
May 1998031012.622.21$684
Apr 1998022613.042.51$566
Mar 1998026112.802.31$603
Feb 1998026313.952.30$605
Jan 199809614.702.15$207
Dec 1997030716.322.41$740
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 1997080820.492.21$1,782
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960122.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 199601,20017.07$0
Dec 199505217.19$0
Nov 19950016.00$0
Oct 1995017115.43$0
Sep 199502,46416.18$0
Aug 199502,57615.92$0
Jul 199502,92815.24$0
Jun 199502,92316.41$0
May 199502,95517.56$0
Apr 199502,72517.73$0
Mar 199502,82816.44$0
Feb 199502,69916.58$0
Jan 199503,10715.92$0
Dec 199403,16915.03$0
Nov 199403,69715.90$0
Oct 199404,33115.58$0
Sep 199403,57915.29$0
Aug 199404,01116.13$0
Jul 199404,41817.56$0
Jun 199404,10717.09$0
May 199404,40715.88$0
Apr 199404,07914.14$0
Mar 199403,64012.46$0
Feb 199403,38012.50$0
Jan 199403,72612.66$0
Dec 199303,47912.33$0
Nov 199302,94214.49$0
Oct 199302,80615.85$0
Sep 199302,77215.03$0
Aug 199302,63015.66$0
Jul 1993013215.46$0
Jun 19930016.79$0
May 199302,20417.68$0
Apr 199304,08618.05$0
Mar 199304,39418.14$0
Feb 199303,73617.90$0
Jan 199303,64416.93$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
Condensate             0 bbl  × $ 76.53 =         $0
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/128948 is the state's own key, not one this site invented.