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 129968District 08Field 49038639Hydrogen sulphide fieldNGPA filingGasSaveExport
Value, all time
$2.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$30 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
GasProduction792,085 Mcf$2,308,293
Total$2,308,293

263,624 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 31.9339, -103.1226. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.93391, -103.12263 · 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
2,725 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 2,725 ft.

Completions filed
Jan 1989
1 of 1 wells

1 well

42-495322253382,725 ftJan 1989

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 20251,08058.593.93$4,241
Oct 20251,67459.383.30$5,532
Sep 20251,62062.743.08$4,985
Aug 20251,67463.933.01$5,047
Jul 20251,67466.743.32$5,550
Jun 20251,62066.483.13$5,069
May 20251,67460.553.23$5,411
Apr 20251,50462.363.54$5,329
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 20231370.622.23$29
Apr 20233778.122.24$83
Mar 2023772.852.39$17
Feb 20235075.112.47$123
Jan 202340976.533.39$1,386
Dec 20221,41876.415.73$8,124
Nov 2022785.005.65$40
Oct 202235787.185.86$2,093
Sep 20221,80284.888.16$14,711
Aug 20221,90194.529.13$17,351
Jul 20223,626101.587.54$27,348
Jun 20223,158115.097.98$25,192
May 20223,432109.378.43$28,942
Apr 20222,259104.226.84$15,446
Mar 20222,481108.885.08$12,595
Feb 20222,45691.054.86$11,933
Jan 20222,45681.844.54$11,145
Dec 20212,62271.323.90$10,223
Nov 20212,51877.435.24$13,186
Oct 20212,57279.795.71$14,696
Sep 202161969.865.35$3,312
Aug 20212,95566.024.22$12,472
Jul 20213,40970.783.98$13,575
Jun 2021069.493.38$0
May 202180463.483.02$2,426
Apr 202175660.362.76$2,085
Mar 202188661.302.72$2,407
Feb 202169057.805.55$3,828
Jan 202195550.412.81$2,684
Dec 20201,03344.642.68$2,764
Nov 20201,26438.772.71$3,421
Oct 202033736.972.48$835
Sep 202098637.091.99$1,963
Aug 202085939.982.39$2,049
Jul 20201,14438.371.83$2,088
Jun 20201,00034.901.69$1,690
May 202079016.921.81$1,434
Apr 202074114.751.80$1,337
Mar 202073730.341.86$1,368
Feb 202072449.881.98$1,434
Jan 202082757.252.09$1,732
Dec 201979659.012.30$1,834
Nov 201977755.302.75$2,137
Oct 2019053.472.42$0
Sep 201958455.052.66$1,552
Aug 201964353.112.30$1,482
Jul 201963856.272.46$1,570
Jun 20191,01852.782.49$2,536
May 20191,08358.482.74$2,968
Apr 20191,12462.632.75$3,092
Mar 20191,10556.803.06$3,384
Feb 201998450.852.79$2,748
Jan 20191,17446.033.23$3,790
Dec 201889946.594.19$3,763
Nov 20181,13352.934.24$4,801
Oct 201895261.443.40$3,235
Sep 201888559.543.11$2,751
Aug 20181,02559.403.07$3,143
Jul 20181,10865.142.93$3,249
Jun 20181,15860.183.08$3,563
May 20181,13665.382.90$3,295
Apr 20181,17363.842.90$3,403
Mar 20181,24861.222.79$3,478
Feb 201893661.782.77$2,589
Jan 201891362.874.01$3,661
Dec 20171,12857.272.92$3,295
Nov 20171,14555.423.12$3,571
Oct 201766049.292.98$1,969
Sep 201786047.523.09$2,655
Aug 201796445.373.00$2,896
Jul 201777043.873.09$2,377
Jun 201730542.493.09$942
May 201748545.373.26$1,583
Apr 201773547.933.21$2,361
Mar 201737346.772.98$1,113
Feb 201785350.452.95$2,519
Jan 20171,11949.413.42$3,826
Dec 20161,02848.763.72$3,827
Nov 20161,11042.492.64$2,935
Oct 20161,33246.193.09$4,116
Sep 20161,44241.553.10$4,471
Aug 20161,37141.442.92$4,009
Jul 20161,44041.622.92$4,211
Jun 20161,34845.352.69$3,621
May 20161,30042.521.99$2,588
Apr 20161,24636.561.99$2,481
Mar 20161,22233.011.79$2,192
Feb 201683226.472.06$1,717
Jan 20161,10427.352.36$2,610
Dec 20151,09832.362.00$2,198
Nov 20151,07338.792.17$2,326
Oct 20151,24343.552.43$3,016
Sep 20151,30642.992.76$3,603
Aug 20151,30740.162.87$3,754
Jul 20151,04048.152.95$3,063
Jun 201579256.152.88$2,283
May 201582555.212.96$2,438
Apr 20151,17849.822.71$3,188
Mar 20151,19242.892.93$3,498
Feb 20151,14544.662.98$3,408
Jan 20151,16543.433.10$3,612
Dec 20141,04954.693.59$3,767
Nov 20141,33070.464.25$5,655
Oct 20141,24278.303.90$4,845
Sep 201483086.164.05$3,358
Aug 20141,32789.394.04$5,355
Jul 20141,14296.564.18$4,773
Jun 20141,34698.164.74$6,376
May 20141,36794.734.73$6,461
Apr 20141,09995.944.81$5,285
Mar 20141,17195.895.06$5,922
Feb 20141,07297.406.19$6,638
Jan 20141,19590.404.86$5,809
Dec 20131,10891.824.35$4,825
Nov 201385388.853.74$3,189
Oct 201346397.423.78$1,750
Sep 2013858104.113.72$3,190
Aug 20131,234104.253.52$4,347
Jul 20131,062102.523.72$3,948
Jun 201375594.403.93$2,970
May 2013094.834.15$0
Apr 20131,48393.964.28$6,351
Mar 20131,56093.623.91$6,104
Feb 20131,56691.233.42$5,356
Jan 20131,68691.603.42$5,766
Dec 20121,24886.773.42$4,268
Nov 20121,00486.953.62$3,639
Oct 201264189.383.40$2,179
Sep 20121,07994.672.92$3,149
Aug 20121,48992.662.91$4,330
Jul 20121,08785.133.02$3,284
Jun 201212479.822.52$312
May 20126991.612.49$172
Apr 20121,197101.652.00$2,390
Mar 20121,140105.052.22$2,533
Feb 20121,046101.102.57$2,688
Jan 20121,19898.092.73$3,275
Dec 201187096.873.24$2,819
Nov 201185795.723.31$2,838
Oct 201199384.983.65$3,623
Sep 201186783.623.99$3,456
Aug 201155883.404.15$2,315
Jul 201139994.144.52$1,802
Jun 20111,22792.904.64$5,693
May 20111,84898.134.40$8,140
Apr 20111,864105.964.33$8,077
Mar 20111,65296.364.06$6,703
Feb 201147885.644.18$1,998
Jan 20111,18986.504.59$5,456
Dec 20101,59385.734.35$6,926
Nov 20101,46780.843.80$5,568
Oct 20101,68078.103.51$5,895
Sep 20101,85372.633.98$7,374
Aug 20101,98473.684.42$8,768
Jul 20101,57772.554.74$7,469
Jun 20101,34670.364.91$6,609
May 20101,70771.124.24$7,230
Apr 20102,01281.694.12$8,295
Mar 20101,87978.394.39$8,246
Feb 20101,91173.585.44$10,400
Jan 20101,65274.365.96$9,853
Dec 20091,57771.445.48$8,648
Nov 20091,86874.593.75$7,008
Oct 20092,29972.544.11$9,449
Sep 200950165.543.06$1,535
Aug 200931267.423.22$1,004
Jul 200988261.133.46$3,056
Jun 20091,51366.163.90$5,893
May 20091,55054.743.93$6,085
Apr 20091,51846.773.59$5,446
Mar 20091,82242.144.06$7,396
Feb 20091,67132.814.63$7,742
Jan 20091,82835.865.37$9,818
Dec 20081,85537.105.98$11,088
Nov 20081,69255.496.86$11,608
Oct 20081,20075.246.92$8,306
Sep 2008544101.767.88$4,285
Aug 20081,420114.228.48$12,046
Jul 20081,626131.0811.39$18,519
Jun 20081,561131.3313.03$20,344
May 20081,415123.1711.57$16,378
Apr 20081,432110.3110.45$14,971
Mar 20081,755101.909.66$16,960
Feb 20081,71792.538.77$15,059
Jan 20082,08190.388.21$17,076
Dec 20071,52088.337.30$11,099
Nov 200783391.677.29$6,074
Oct 20071,50882.856.92$10,438
Sep 20071,56875.846.24$9,791
Aug 20071,23069.066.39$7,857
Jul 20071,41170.906.39$9,013
Jun 20071,34762.007.55$10,168
May 20071,47358.747.85$11,558
Apr 20071,29059.617.81$10,069
Mar 20071,64256.927.30$11,990
Feb 20071,39955.108.22$11,494
Jan 20072,05250.306.73$13,804
Dec 20061,78756.656.92$12,363
Nov 20061,86854.207.62$14,229
Oct 20061,38454.906.01$8,323
Sep 20061,31860.085.04$6,639
Aug 20061,38068.717.34$10,129
Jul 20061,45869.376.34$9,248
Jun 200649066.286.38$3,128
May 20061,18766.016.42$7,626
Apr 20061,26664.397.36$9,318
Mar 20061,69056.707.08$11,970
Feb 20061,49757.597.75$11,603
Jan 20061,60260.598.93$14,311
Dec 20051,78154.9413.42$23,893
Nov 20051,99654.6910.59$21,134
Oct 20051,78858.3413.80$24,667
Sep 20051,46061.4512.08$17,635
Aug 20051,69261.519.80$16,576
Jul 20051,66855.697.84$13,083
Jun 20051,74652.337.38$12,887
May 20051,69345.226.65$11,260
Apr 20051,26749.207.36$9,326
Mar 20051,97750.377.15$14,145
Feb 20052,07745.226.31$13,110
Jan 20052,30443.166.32$14,566
Dec 20042,05939.866.75$13,900
Nov 20042,10645.286.33$13,332
Oct 20041,98349.706.52$12,919
Sep 20041,98943.245.28$10,510
Aug 20042,11342.375.55$11,729
Jul 20042,17638.286.08$13,239
Jun 20041,97436.106.43$12,699
May 20041,62137.486.49$10,528
Apr 20041,67734.475.86$9,825
Mar 20042,37034.365.53$13,106
Feb 20042,36432.455.51$13,025
Jan 20042,44632.036.30$15,409
Dec 20032,47030.266.30$15,565
Nov 20032,37928.804.60$10,932
Oct 20032,33928.174.76$11,133
Sep 20032,18626.314.75$10,382
Aug 20032,65829.765.13$13,635
Jul 20032,70829.415.17$14,003
Jun 20031,89228.565.98$11,320
May 20031,72826.595.97$10,321
Apr 20031,11326.675.41$6,018
Mar 20031,43531.146.10$8,748
Feb 20031,61933.487.93$12,832
Jan 20032,27230.315.58$12,682
Dec 20022,00726.914.85$9,742
Nov 20022,01324.664.14$8,328
Oct 20022,22526.464.23$9,410
Sep 20022,39427.443.64$8,703
Aug 20022,74025.963.16$8,670
Jul 20021,97924.583.06$6,059
Jun 20022,92523.733.34$9,764
May 20021,81024.663.58$6,487
Apr 20022,40223.653.51$8,437
Mar 20022,96722.003.10$9,206
Feb 20023,12618.222.38$7,426
Jan 20021,07117.172.38$2,544
Dec 20012,07516.932.36$4,906
Nov 20012,19418.072.41$5,278
Oct 20012,38919.782.53$6,041
Sep 20012,45524.262.25$5,527
Aug 20012,11024.873.05$6,442
Jul 20012,17023.933.20$6,938
Jun 20012,88224.563.82$11,021
May 20012,87225.524.31$12,371
Apr 20012,73324.685.34$14,581
Mar 20012,53424.545.38$13,624
Feb 20012,04227.755.77$11,776
Jan 20012,51727.478.40$21,140
Dec 20002,17526.889.12$19,841
Nov 20001,30132.215.66$7,361
Oct 20001,73931.235.15$8,948
Sep 20001,04231.875.19$5,404
Aug 20001,06529.644.54$4,836
Jul 20001,78628.534.09$7,304
Jun 20001,97029.304.40$8,663
May 20003,24927.263.68$11,956
Apr 20002,18324.513.12$6,802
Mar 20001,86628.422.86$5,336
Feb 20001,72927.622.73$4,714
Jan 200093425.272.48$2,317
Dec 199990724.282.42$2,198
Nov 19992,43323.192.43$5,922
Oct 19992,76520.982.80$7,752
Sep 19992,82121.752.62$7,388
Aug 19993,08619.262.88$8,874
Jul 19992,74317.892.37$6,507
Jun 19992,79515.942.36$6,602
May 19992,82815.792.32$6,564
Apr 19993,19515.102.21$7,055
Mar 19993,30012.471.84$6,066
Feb 19993,2929.981.82$5,984
Jan 19993,73010.381.90$7,087
Dec 19984,3399.201.77$7,694
Nov 19984,26010.892.19$9,311
Oct 19984,27312.421.97$8,414
Sep 19984,10012.592.08$8,539
Aug 19984,69211.301.91$8,949
Jul 19983,50111.742.24$7,833
Jun 19983,39211.242.24$7,589
May 19983,76512.622.21$8,307
Apr 19984,08613.042.51$10,237
Mar 19984,27312.802.31$9,868
Feb 19985,69713.952.30$13,098
Jan 19982,86314.702.15$6,169
Dec 19976,42016.322.41$15,479
Nov 19972,89018.193.09$8,925
Oct 19971,76719.253.15$5,566
Sep 19971,82917.742.95$5,404
Aug 19971,94917.862.55$4,979
Jul 19971,96217.582.25$4,409
Jun 19971,39217.242.26$3,142
May 1997018.972.31$0
Apr 1997017.882.08$0
Mar 19973,59918.951.94$6,979
Feb 19972,53720.492.21$5,596
Jan 19973,11623.483.54$11,030
Dec 19962,67123.32$0
Nov 19963,77221.97$0
Oct 19963,88623.31$0
Sep 19963,50622.22$0
Aug 19963,01220.26$0
Jul 19963,82819.55$0
Jun 19962,86518.73$0
May 19964,30919.43$0
Apr 19964,32721.51$0
Mar 19964,57419.38$0
Feb 19965,02216.98$0
Jan 19965,19617.07$0
Dec 19955,16917.19$0
Nov 19956,68316.00$0
Oct 19957,24015.43$0
Sep 19957,86916.18$0
Aug 19955,92715.92$0
Jul 19951,62315.24$0
Jun 19952,20216.41$0
May 19952,87817.56$0
Apr 19952,65317.73$0
Mar 19952,86416.44$0
Feb 19952,84916.58$0
Jan 19953,09815.92$0
Dec 19943,22315.03$0
Nov 19943,89815.90$0
Oct 19944,71815.58$0
Sep 19944,01215.29$0
Aug 19944,69916.13$0
Jul 19945,59517.56$0
Jun 19945,33717.09$0
May 19945,13015.88$0
Apr 19944,95314.14$0
Mar 19946,17112.46$0
Feb 19945,98412.50$0
Jan 19946,32412.66$0
Dec 19936,41712.33$0
Nov 19937,05314.49$0
Oct 19937,33515.85$0
Sep 19936,16215.03$0
Aug 19936,19915.66$0
Jul 19936,53115.46$0
Jun 19938,70916.79$0
May 199310,25417.68$0
Apr 199311,84918.05$0
Mar 199312,60718.14$0
Feb 199311,63917.90$0
Jan 199310,80216.93$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                1,080 Mcf  × $  3.93 =     $4,241

────────────────────────────────────────────────────
Month total                                   $4,241

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/129968 is the state's own key, not one this site invented.