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 128959District 08Field 49038639Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$706 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
GasProduction261,528 Mcf$706,405
Total$706,405

119,281 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 31.9520, -103.1279. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.95200, -103.12795 · 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
2,870 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 2,870 ft.

Completions filed
Oct 1988
1 of 1 wells

1 well

42-495322143352,870 ftOct 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 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 2023176.533.39$3
Dec 2022376.415.73$17
Nov 2022085.005.65$0
Oct 2022187.185.86$6
Sep 2022384.888.16$24
Aug 2022394.529.13$27
Jul 20226101.587.54$45
Jun 20225115.097.98$40
May 20226109.378.43$51
Apr 20223104.226.84$21
Mar 20220108.885.08$0
Feb 2022091.054.86$0
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 202151470.783.98$2,047
Jun 2021069.493.38$0
May 20211963.483.02$57
Apr 20211860.362.76$50
Mar 20212161.302.72$57
Feb 20211657.805.55$89
Jan 20212250.412.81$62
Dec 20202444.642.68$64
Nov 20203038.772.71$81
Oct 2020836.972.48$20
Sep 20202337.091.99$46
Aug 20202039.982.39$48
Jul 20202738.371.83$49
Jun 20202334.901.69$39
May 20201916.921.81$34
Apr 20201714.751.80$31
Mar 20201730.341.86$32
Feb 20201749.881.98$34
Jan 20201957.252.09$40
Dec 20191959.012.30$44
Nov 20191855.302.75$50
Oct 2019053.472.42$0
Sep 20191455.052.66$37
Aug 20191553.112.30$35
Jul 20191556.272.46$37
Jun 20192452.782.49$60
May 20192558.482.74$69
Apr 20192662.632.75$72
Mar 20192656.803.06$80
Feb 20192350.852.79$64
Jan 20192846.033.23$90
Dec 20182146.594.19$88
Nov 20182752.934.24$114
Oct 20182261.443.40$75
Sep 20182159.543.11$65
Aug 20182459.403.07$74
Jul 20182665.142.93$76
Jun 20182760.183.08$83
May 20182765.382.90$78
Apr 20182863.842.90$81
Mar 20182961.222.79$81
Feb 20182261.782.77$61
Jan 20182162.874.01$84
Dec 20172657.272.92$76
Nov 20172755.423.12$84
Oct 20171549.292.98$45
Sep 20172047.523.09$62
Aug 20172345.373.00$69
Jul 20171843.873.09$56
Jun 2017742.493.09$22
May 20171145.373.26$36
Apr 20171747.933.21$55
Mar 2017946.772.98$27
Feb 20172050.452.95$59
Jan 20172649.413.42$89
Dec 20162448.763.72$89
Nov 20162642.492.64$69
Oct 20163146.193.09$96
Sep 20163441.553.10$105
Aug 20163241.442.92$94
Jul 20163441.622.92$99
Jun 20163245.352.69$86
May 20163042.521.99$60
Apr 20162936.561.99$58
Mar 20162933.011.79$52
Feb 20161926.472.06$39
Jan 20162627.352.36$61
Dec 20152632.362.00$52
Nov 20152538.792.17$54
Oct 20152943.552.43$70
Sep 20153142.992.76$86
Aug 20153140.162.87$89
Jul 20152448.152.95$71
Jun 20151956.152.88$55
May 20151955.212.96$56
Apr 20152849.822.71$76
Mar 20152842.892.93$82
Feb 20152744.662.98$80
Jan 20152743.433.10$84
Dec 20142554.693.59$90
Nov 20143170.464.25$132
Oct 201415578.303.90$605
Sep 201413086.164.05$526
Aug 201420889.394.04$839
Jul 201417996.564.18$748
Jun 201417198.164.74$810
May 201418294.734.73$860
Apr 201425095.944.81$1,202
Mar 201426695.895.06$1,345
Feb 201424397.406.19$1,505
Jan 201427190.404.86$1,317
Dec 201325191.824.35$1,093
Nov 201319388.853.74$721
Oct 201310597.423.78$397
Sep 2013195104.113.72$725
Aug 20130104.253.52$0
Jul 20130102.523.72$0
Jun 20138494.403.93$330
May 201385394.834.15$3,539
Apr 201362793.964.28$2,685
Mar 201361393.623.91$2,399
Feb 201356591.233.42$1,932
Jan 201370291.603.42$2,401
Dec 201247786.773.42$1,631
Nov 201252086.953.62$1,885
Oct 201235089.383.40$1,190
Sep 201250094.672.92$1,459
Aug 201262192.662.91$1,806
Jul 201237985.133.02$1,145
Jun 2012079.822.52$0
May 20123191.612.49$77
Apr 2012544101.652.00$1,086
Mar 2012518105.052.22$1,151
Feb 2012476101.102.57$1,223
Jan 201254598.092.73$1,490
Dec 201139696.873.24$1,283
Nov 201139095.723.31$1,291
Oct 201145384.983.65$1,653
Sep 201140883.623.99$1,626
Aug 201129683.404.15$1,228
Jul 201115994.144.52$718
Jun 201142692.904.64$1,977
May 201169298.134.40$3,048
Apr 2011748105.964.33$3,241
Mar 201179996.364.06$3,242
Feb 201134485.644.18$1,438
Jan 201141286.504.59$1,891
Dec 201081785.734.35$3,552
Nov 201082080.843.80$3,112
Oct 201080978.103.51$2,839
Sep 201086972.633.98$3,458
Aug 201084773.684.42$3,743
Jul 201076472.554.74$3,619
Jun 201068470.364.91$3,359
May 201081271.124.24$3,439
Apr 201097681.694.12$4,024
Mar 201098478.394.39$4,318
Feb 201078273.585.44$4,256
Jan 201081274.365.96$4,843
Dec 200989171.445.48$4,886
Nov 200979674.593.75$2,986
Oct 200997072.544.11$3,987
Sep 200938465.543.06$1,177
Aug 200915967.423.22$512
Jul 200951761.133.46$1,791
Jun 200972266.163.90$2,812
May 200981554.743.93$3,199
Apr 200970246.773.59$2,518
Mar 200967642.144.06$2,744
Feb 200968432.814.63$3,169
Jan 200979035.865.37$4,243
Dec 200873237.105.98$4,375
Nov 200868855.496.86$4,720
Oct 200875675.246.92$5,233
Sep 2008377101.767.88$2,970
Aug 2008674114.228.48$5,718
Jul 2008626131.0811.39$7,130
Jun 2008561131.3313.03$7,311
May 2008690123.1711.57$7,986
Apr 2008626110.3110.45$6,545
Mar 2008750101.909.66$7,248
Feb 200857592.538.77$5,043
Jan 200878490.388.21$6,433
Dec 200765588.337.30$4,783
Nov 200742991.677.29$3,128
Oct 200786482.856.92$5,981
Sep 200782175.846.24$5,126
Aug 200756069.066.39$3,577
Jul 200759270.906.39$3,782
Jun 200753862.007.55$4,061
May 200781058.747.85$6,355
Apr 200756759.617.81$4,426
Mar 200764256.927.30$4,688
Feb 200757855.108.22$4,749
Jan 200770550.306.73$4,742
Dec 200661556.656.92$4,255
Nov 200681154.207.62$6,178
Oct 200667154.906.01$4,035
Sep 200665660.085.04$3,304
Aug 200665068.717.34$4,771
Jul 200676869.376.34$4,871
Jun 200647066.286.38$3,000
May 200660866.016.42$3,906
Apr 200675764.397.36$5,572
Mar 200675756.707.08$5,362
Feb 200667057.597.75$5,193
Jan 200671760.598.93$6,405
Dec 200564954.9413.42$8,707
Nov 200590554.6910.59$9,583
Oct 20051,12058.3413.80$15,451
Sep 200566661.4512.08$8,045
Aug 200583061.519.80$8,131
Jul 200556055.697.84$4,392
Jun 200541352.337.38$3,048
May 200597845.226.65$6,505
Apr 200587949.207.36$6,470
Mar 200578650.377.15$5,624
Feb 200571245.226.31$4,494
Jan 200583543.166.32$5,279
Dec 200478339.866.75$5,286
Nov 200472345.286.33$4,577
Oct 20041,00749.706.52$6,561
Sep 200497343.245.28$5,141
Aug 20041,10742.375.55$6,145
Jul 200460638.286.08$3,687
Jun 200475236.106.43$4,838
May 200490737.486.49$5,891
Apr 200483534.475.86$4,892
Mar 200429234.365.53$1,615
Feb 200429232.455.51$1,609
Jan 200430232.036.30$1,902
Dec 200327230.266.30$1,714
Nov 200325528.804.60$1,172
Oct 200327828.174.76$1,323
Sep 200331426.314.75$1,491
Aug 200338629.765.13$1,980
Jul 200332829.415.17$1,696
Jun 200325728.565.98$1,538
May 200327826.595.97$1,660
Apr 200316626.675.41$898
Mar 200326231.146.10$1,597
Feb 200324933.487.93$1,974
Jan 200337030.315.58$2,065
Dec 200236426.914.85$1,767
Nov 200237824.664.14$1,564
Oct 200241126.464.23$1,738
Sep 200252727.443.64$1,916
Aug 20021,96525.963.16$6,218
Jul 20021,54824.583.06$4,740
Jun 20022,16323.733.34$7,221
May 20021,00324.663.58$3,595
Apr 20021,33123.653.51$4,675
Mar 20021,61822.003.10$5,020
Feb 20021,55818.222.38$3,701
Jan 20021,04917.172.38$2,492
Dec 20011,30416.932.36$3,083
Nov 20011,34318.072.41$3,231
Oct 20011,53319.782.53$3,877
Sep 20011,42524.262.25$3,208
Aug 20011,16224.873.05$3,548
Jul 20011,54523.933.20$4,939
Jun 20011,37624.563.82$5,262
May 20011,74925.524.31$7,534
Apr 20011,58624.685.34$8,462
Mar 20011,45324.545.38$7,812
Feb 20011,32427.755.77$7,636
Jan 20011,53927.478.40$12,926
Dec 20001,21526.889.12$11,084
Nov 200096332.215.66$5,449
Oct 20001,50931.235.15$7,765
Sep 20004331.875.19$223
Aug 20001,20529.644.54$5,472
Jul 20001,23528.534.09$5,051
Jun 20001,32329.304.40$5,818
May 20002,16527.263.68$7,967
Apr 20001,53424.513.12$4,780
Mar 20001,31228.422.86$3,752
Feb 20001,48727.622.73$4,054
Jan 200080325.272.48$1,992
Dec 199967524.282.42$1,636
Nov 19992,10223.192.43$5,116
Oct 19992,36720.982.80$6,636
Sep 19991,29221.752.62$3,384
Aug 19991,44019.262.88$4,141
Jul 19991,16017.892.37$2,752
Jun 199925715.942.36$607
May 1999015.792.32$0
Apr 1999015.102.21$0
Mar 1999012.471.84$0
Feb 199909.981.82$0
Jan 1999010.381.90$0
Dec 199809.201.77$0
Nov 1998010.892.19$0
Oct 1998012.421.97$0
Sep 1998012.592.08$0
Aug 1998011.301.91$0
Jul 1998011.742.24$0
Jun 1998011.242.24$0
May 1998012.622.21$0
Apr 1998013.042.51$0
Mar 1998012.802.31$0
Feb 1998013.952.30$0
Jan 1998014.702.15$0
Dec 19979616.322.41$231
Nov 19978718.193.09$269
Oct 199716819.253.15$529
Sep 199728617.742.95$845
Aug 199716617.862.55$424
Jul 199752317.582.25$1,175
Jun 199748517.242.26$1,095
May 199751818.972.31$1,196
Apr 199710617.882.08$221
Mar 1997018.951.94$0
Feb 1997020.492.21$0
Jan 19972,23723.483.54$7,918
Dec 19962,00823.32$0
Nov 19962,13421.97$0
Oct 19962,40823.31$0
Sep 19961,63822.22$0
Aug 19961,87220.26$0
Jul 19961,55319.55$0
Jun 19962,09318.73$0
May 19962,41819.43$0
Apr 19963,27121.51$0
Mar 19963,00219.38$0
Feb 19962,70416.98$0
Jan 19962,32417.07$0
Dec 19951,85717.19$0
Nov 19952,49816.00$0
Oct 19952,63815.43$0
Sep 19952,83616.18$0
Aug 19952,97315.92$0
Jul 19953,51215.24$0
Jun 19952,83216.41$0
May 19952,76217.56$0
Apr 19952,54717.73$0
Mar 19953,11616.44$0
Feb 19952,90416.58$0
Jan 19953,09115.92$0
Dec 19943,41915.03$0
Nov 19943,86315.90$0
Oct 19941,57915.58$0
Sep 19942,74615.29$0
Aug 19942,84316.13$0
Jul 19942,90017.56$0
Jun 19943,04317.09$0
May 19943,20715.88$0
Apr 19942,87214.14$0
Mar 19943,44212.46$0
Feb 19943,30712.50$0
Jan 19942,25512.66$0
Dec 19932,82012.33$0
Nov 199333514.49$0
Oct 19932,24115.85$0
Sep 19932,08415.03$0
Aug 19932,06815.66$0
Jul 19931,61115.46$0
Jun 19931,92416.79$0
May 19932,04217.68$0
Apr 19931,86318.05$0
Mar 19931,88318.14$0
Feb 19931,86617.90$0
Jan 19932,07716.93$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
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/128959 is the state's own key, not one this site invented.