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 130657District 08Field 49038639Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$557 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
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
CondensateDisposition286 bbl$5,671
GasProduction120,040 Mcf$551,325
Total$556,996

17,656 Mcf of this lease's gas, across 46 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 31.9563, -103.1251. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.95625, -103.12505 · 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
2,900 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 2,900 ft.

Completions filed
Mar 1989
1 of 1 wells

1 well

42-495322293412,900 ftMar 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 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 20230270.622.23$4
Apr 20230678.122.24$13
Mar 20230172.852.39$2
Feb 20230575.112.47$12
Jan 202303876.533.39$129
Dec 2022013176.415.73$751
Nov 20220185.005.65$6
Oct 202206087.185.86$352
Sep 2022030084.888.16$2,449
Aug 2022031794.529.13$2,893
Jul 20220604101.587.54$4,555
Jun 20220526115.097.98$4,196
May 20220572109.378.43$4,824
Apr 20220376104.226.84$2,571
Mar 20220414108.885.08$2,102
Feb 2022040991.054.86$1,987
Jan 2022040981.844.54$1,856
Dec 2021043771.323.90$1,704
Nov 2021042077.435.24$2,199
Oct 2021042979.795.71$2,451
Sep 202107569.865.35$401
Aug 2021034566.024.22$1,456
Jul 2021026370.783.98$1,047
Jun 20210069.493.38$0
May 202104463.483.02$133
Apr 202104160.362.76$113
Mar 202104861.302.72$130
Feb 202103857.805.55$211
Jan 202105250.412.81$146
Dec 202005644.642.68$150
Nov 202006938.772.71$187
Oct 202001836.972.48$45
Sep 202005437.091.99$108
Aug 202004739.982.39$112
Jul 202006238.371.83$113
Jun 202005534.901.69$93
May 202004316.921.81$78
Apr 202004014.751.80$72
Mar 202004030.341.86$74
Feb 202003949.881.98$77
Jan 202004557.252.09$94
Dec 201904359.012.30$99
Nov 201904255.302.75$116
Oct 20190053.472.42$0
Sep 201903255.052.66$85
Aug 201903553.112.30$81
Jul 201903556.272.46$86
Jun 201905652.782.49$140
May 201905958.482.74$162
Apr 201906162.632.75$168
Mar 201906056.803.06$184
Feb 201905450.852.79$151
Jan 201906446.033.23$207
Dec 201804946.594.19$205
Nov 201806252.934.24$263
Oct 201805261.443.40$177
Sep 201804859.543.11$149
Aug 201805659.403.07$172
Jul 201806065.142.93$176
Jun 201806360.183.08$194
May 201806265.382.90$180
Apr 201806463.842.90$186
Mar 201806861.222.79$190
Feb 201805161.782.77$141
Jan 201805062.874.01$200
Dec 201706257.272.92$181
Nov 201706255.423.12$193
Oct 201703649.292.98$107
Sep 201704747.523.09$145
Aug 201705345.373.00$159
Jul 201704243.873.09$130
Jun 201701742.493.09$52
May 201702645.373.26$85
Apr 201704047.933.21$128
Mar 201702046.772.98$60
Feb 201704750.452.95$139
Jan 201706149.413.42$209
Dec 201605648.763.72$208
Nov 201606142.492.64$161
Oct 201607346.193.09$226
Sep 201607941.553.10$245
Aug 201607541.442.92$219
Jul 201607941.622.92$231
Jun 201607445.352.69$199
May 201607142.521.99$141
Apr 201606836.561.99$135
Mar 201606733.011.79$120
Feb 201604526.472.06$93
Jan 201606027.352.36$142
Dec 201506032.362.00$120
Nov 201505938.792.17$128
Oct 201506843.552.43$165
Sep 201507142.992.76$196
Aug 201507140.162.87$204
Jul 201505748.152.95$168
Jun 201504356.152.88$124
May 201504555.212.96$133
Apr 201506449.822.71$173
Mar 201506542.892.93$191
Feb 201506244.662.98$185
Jan 201506443.433.10$198
Dec 201405754.693.59$205
Nov 201407070.464.25$298
Oct 2014042378.303.90$1,650
Sep 2014037186.164.05$1,501
Aug 2014059289.394.04$2,389
Jul 2014051096.564.18$2,132
Jun 2014048998.164.74$2,316
May 2014051194.734.73$2,415
Apr 2014059395.944.81$2,852
Mar 2014063295.895.06$3,196
Feb 2014057897.406.19$3,579
Jan 2014064590.404.86$3,135
Dec 2013059891.824.35$2,604
Nov 2013046088.853.74$1,720
Oct 2013024997.423.78$941
Sep 20130463104.113.72$1,721
Aug 20130429104.253.52$1,511
Jul 20130369102.523.72$1,372
Jun 2013037394.403.93$1,467
May 20130094.834.15$0
Apr 2013067393.964.28$2,882
Mar 2013062693.623.91$2,449
Feb 2013083991.233.42$2,869
Jan 20130091.603.42$0
Dec 2012055286.773.42$1,888
Nov 2012048686.953.62$1,762
Oct 2012025289.383.40$857
Sep 2012031594.672.92$919
Aug 2012058292.662.91$1,693
Jul 2012032685.133.02$985
Jun 201202779.822.52$68
May 201202591.612.49$62
Apr 20120431101.652.00$861
Mar 20120410105.052.22$911
Feb 20120377101.102.57$969
Jan 2012043298.092.73$1,181
Dec 2011031396.873.24$1,014
Nov 2011030995.723.31$1,023
Oct 2011035984.983.65$1,310
Sep 2011035383.623.99$1,407
Aug 201101283.404.15$50
Jul 2011017894.144.52$804
Jun 2011040692.904.64$1,884
May 2011061298.134.40$2,696
Apr 20110625105.964.33$2,708
Mar 2011057596.364.06$2,333
Feb 2011023885.644.18$995
Jan 2011059386.504.59$2,721
Dec 2010079285.734.35$3,443
Nov 2010076880.843.80$2,915
Oct 2010082278.103.51$2,884
Sep 2010079572.633.98$3,164
Aug 2010079073.684.42$3,491
Jul 2010064372.554.74$3,046
Jun 2010060270.364.91$2,956
May 2010074471.124.24$3,151
Apr 2010083281.694.12$3,430
Mar 2010077478.394.39$3,397
Feb 2010074473.585.44$4,049
Jan 2010082374.365.96$4,908
Dec 2009079371.445.48$4,349
Nov 2009083474.593.75$3,129
Oct 2009093872.544.11$3,855
Sep 2009053465.543.06$1,637
Aug 2009029167.423.22$937
Jul 2009050861.133.46$1,760
Jun 2009088366.163.90$3,439
May 2009084154.743.93$3,302
Apr 2009077346.773.59$2,773
Mar 2009082842.144.06$3,361
Feb 2009078632.814.63$3,642
Jan 2009091135.865.37$4,893
Dec 2008090337.105.98$5,397
Nov 2008082355.496.86$5,646
Oct 2008056975.246.92$3,939
Sep 20080325101.767.88$2,560
Aug 20080775114.228.48$6,574
Jul 20080841131.0811.39$9,579
Jun 20080770131.3313.03$10,035
May 20080365123.1711.57$4,225
Apr 20080257110.3110.45$2,687
Mar 20080565101.909.66$5,460
Feb 2008022292.538.77$1,947
Jan 2008020290.388.21$1,658
Dec 2007024788.337.30$1,804
Nov 2007046091.677.29$3,354
Oct 2007096582.856.92$6,680
Sep 2007060475.846.24$3,771
Aug 2007011669.066.39$741
Jul 2007071770.906.39$4,580
Jun 2007038762.007.55$2,921
May 2007031658.747.85$2,479
Apr 2007063959.617.81$4,988
Mar 2007063556.927.30$4,637
Feb 2007051455.108.22$4,223
Jan 2007067750.306.73$4,554
Dec 2006040056.656.92$2,767
Nov 2006051154.207.62$3,893
Oct 2006034654.906.01$2,081
Sep 2006026960.085.04$1,355
Aug 2006024568.717.34$1,798
Jul 2006011669.376.34$736
Jun 200604866.286.38$306
May 2006015066.016.42$964
Apr 2006021064.397.36$1,546
Mar 2006070056.707.08$4,958
Feb 2006062057.597.75$4,806
Jan 2006066460.598.93$5,932
Dec 2005063854.9413.42$8,559
Nov 2005056254.6910.59$5,951
Oct 2005057058.3413.80$7,864
Sep 2005057061.4512.08$6,885
Aug 2005058561.519.80$5,731
Jul 2005029155.697.84$2,283
Jun 2005056852.337.38$4,192
May 2005084645.226.65$5,627
Apr 2005099249.207.36$7,302
Mar 2005093950.377.15$6,718
Feb 2005070545.226.31$4,450
Jan 2005064743.166.32$4,090
Dec 2004068039.866.75$4,591
Nov 2004044045.286.33$2,785
Oct 2004058249.706.52$3,792
Sep 2004075843.245.28$4,005
Aug 2004094242.375.55$5,229
Jul 2004089138.286.08$5,421
Jun 200401,10136.106.43$7,083
May 2004099837.486.49$6,482
Apr 2004075034.475.86$4,394
Mar 200401,41934.365.53$7,847
Feb 200401,41532.455.51$7,796
Jan 200401,46432.036.30$9,223
Dec 200301,22630.266.30$7,726
Nov 2003092228.804.60$4,237
Oct 2003070228.174.76$3,341
Sep 2003013926.314.75$660
Aug 2003017329.765.13$887
Jul 2003019829.415.17$1,024
Jun 2003018928.565.98$1,131
May 2003079026.595.97$4,718
Apr 2003071426.675.41$3,861
Mar 2003083231.146.10$5,072
Feb 2003058633.487.93$4,645
Jan 2003062230.315.58$3,472
Dec 2002041826.914.85$2,029
Nov 2002037324.664.14$1,543
Oct 2002020726.464.23$875
Sep 2002066727.443.64$2,425
Aug 200201,08525.963.16$3,433
Jul 2002076024.583.06$2,327
Jun 200201,10023.733.34$3,672
May 2002723824.663.58$1,026
Apr 20023632223.653.51$1,982
Mar 20027178622.003.10$4,001
Feb 20023879918.222.38$2,591
Jan 20022978117.172.38$2,353
Dec 20014093816.932.36$2,895
Nov 20014079018.072.41$2,623
Oct 20012596119.782.53$2,925
Sep 2001094624.262.25$2,130
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
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 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 1996032823.31$0
Sep 1996035922.22$0
Aug 1996038620.26$0
Jul 1996039519.55$0
Jun 1996036018.73$0
May 1996040219.43$0
Apr 1996042821.51$0
Mar 1996040819.38$0
Feb 1996038816.98$0
Jan 1996042817.07$0
Dec 1995039017.19$0
Nov 1995040816.00$0
Oct 1995041115.43$0
Sep 1995041016.18$0
Aug 1995040315.92$0
Jul 1995042515.24$0
Jun 1995040816.41$0
May 1995044517.56$0
Apr 1995041017.73$0
Mar 1995040116.44$0
Feb 1995036416.58$0
Jan 1995039315.92$0
Dec 1994037215.03$0
Nov 1994034515.90$0
Oct 1994036815.58$0
Sep 1994032715.29$0
Aug 1994035616.13$0
Jul 1994038217.56$0
Jun 1994034717.09$0
May 1994038415.88$0
Apr 1994039914.14$0
Mar 1994042012.46$0
Feb 1994038012.50$0
Jan 1994036912.66$0
Dec 1993035112.33$0
Nov 1993034014.49$0
Oct 1993033215.85$0
Sep 1993033315.03$0
Aug 1993034515.66$0
Jul 1993034615.46$0
Jun 1993036416.79$0
May 1993041417.68$0
Apr 1993043318.05$0
Mar 1993043718.14$0
Feb 1993036717.90$0
Jan 1993039516.93$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 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 70.62 =         $0
Gas                    2 Mcf  × $  2.23 =         $4

────────────────────────────────────────────────────
Month total                                       $4

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/130657 is the state's own key, not one this site invented.