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 150248District 08Field 49038639Hydrogen sulphide fieldGasSaveExport
Value, all time
$933 k
Apr 1994 – May 2026
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
386
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

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
GasProduction314,431 Mcf$932,532
Total$932,532

85,947 Mcf of this lease's gas, across 32 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 31.9401, -103.1268. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.94015, -103.12684 · 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
3,300 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 3,300 ft.

Completions filed
Apr 1994
1 of 1 wells

1 well

42-495030911943,300 ftApr 1994

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 (386)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

386 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 202530058.593.93$1,178
Oct 202546559.383.30$1,537
Sep 202545062.743.08$1,385
Aug 202546563.933.01$1,402
Jul 202546566.743.32$1,542
Jun 202545066.483.13$1,408
May 202546560.553.23$1,503
Apr 202539262.363.54$1,389
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 2023870.622.23$18
Apr 20231378.122.24$29
Mar 2023172.852.39$2
Feb 2023775.112.47$17
Jan 20236176.533.39$207
Dec 202221076.415.73$1,203
Nov 2022185.005.65$6
Oct 2022087.185.86$0
Sep 2022084.888.16$0
Aug 2022094.529.13$0
Jul 20220101.587.54$0
Jun 20220115.097.98$0
May 20220109.378.43$0
Apr 2022193104.226.84$1,320
Mar 2022910108.885.08$4,620
Feb 202290091.054.86$4,373
Jan 202290081.844.54$4,084
Dec 202196171.323.90$3,747
Nov 202192377.435.24$4,834
Oct 202194379.795.71$5,388
Sep 202127769.865.35$1,482
Aug 20211,08566.024.22$4,579
Jul 202123870.783.98$948
Jun 2021069.493.38$0
May 202121263.483.02$640
Apr 202119960.362.76$549
Mar 202123361.302.72$633
Feb 202118257.805.55$1,010
Jan 202125150.412.81$705
Dec 202027244.642.68$728
Nov 202033338.772.71$901
Oct 20208936.972.48$221
Sep 202026037.091.99$518
Aug 202022639.982.39$539
Jul 202030138.371.83$549
Jun 202026334.901.69$445
May 202020816.921.81$377
Apr 202019514.751.80$352
Mar 202019430.341.86$360
Feb 202019149.881.98$378
Jan 202021857.252.09$457
Dec 201921059.012.30$484
Nov 201920555.302.75$564
Oct 2019053.472.42$0
Sep 201915455.052.66$409
Aug 201916953.112.30$389
Jul 201916856.272.46$413
Jun 201926852.782.49$668
May 201928558.482.74$781
Apr 201929662.632.75$814
Mar 201929156.803.06$891
Feb 201925950.852.79$723
Jan 201930946.033.23$998
Dec 201823746.594.19$992
Nov 201829852.934.24$1,263
Oct 201825161.443.40$853
Sep 201848459.543.11$1,504
Aug 20181,24059.403.07$3,803
Jul 20181,34165.142.93$3,932
Jun 20181,40260.183.08$4,314
May 20181,37565.382.90$3,989
Apr 20181,42063.842.90$4,119
Mar 20181,51061.222.79$4,208
Feb 20181,13361.782.77$3,134
Jan 20181,10462.874.01$4,426
Dec 20171,36557.272.92$3,988
Nov 20171,38655.423.12$4,322
Oct 201779949.292.98$2,384
Sep 20171,04147.523.09$3,214
Aug 20171,16745.373.00$3,506
Jul 201793243.873.09$2,877
Jun 201737042.493.09$1,142
May 201758745.373.26$1,916
Apr 201788947.933.21$2,855
Mar 201745146.772.98$1,346
Feb 20171,03250.452.95$3,047
Jan 20171,35549.413.42$4,632
Dec 20161,24448.763.72$4,631
Nov 20161,34442.492.64$3,554
Oct 20161,61246.193.09$4,982
Sep 20161,74541.553.10$5,411
Aug 20161,65941.442.92$4,851
Jul 20161,74241.622.92$5,094
Jun 20161,63245.352.69$4,383
May 20162,16142.521.99$4,303
Apr 20162,23736.561.99$4,454
Mar 20162,19433.011.79$3,936
Feb 20161,49426.472.06$3,083
Jan 20161,98227.352.36$4,686
Dec 20151,97232.362.00$3,947
Nov 20151,92738.792.17$4,176
Oct 20152,23143.552.43$5,414
Sep 20152,34442.992.76$6,466
Aug 20152,34640.162.87$6,739
Jul 20151,86748.152.95$5,498
Jun 20151,51556.152.88$4,368
May 20151,61255.212.96$4,764
Apr 20152,30149.822.71$6,228
Mar 20152,32842.892.93$6,832
Feb 201556444.662.98$1,679
Jan 201520443.433.10$633
Dec 201418454.693.59$661
Nov 201423470.464.25$995
Oct 201426578.303.90$1,034
Sep 201418886.164.05$761
Aug 201429789.394.04$1,198
Jul 201424896.564.18$1,037
Jun 201423398.164.74$1,104
May 201431194.734.73$1,470
Apr 201468895.944.81$3,309
Mar 201473295.895.06$3,702
Feb 201467197.406.19$4,155
Jan 201474790.404.86$3,631
Dec 201369391.824.35$3,018
Nov 201353388.853.74$1,993
Oct 201329097.423.78$1,096
Sep 2013537104.113.72$1,996
Aug 2013811104.253.52$2,857
Jul 2013698102.523.72$2,595
Jun 201378394.403.93$3,080
May 201382194.834.15$3,406
Apr 201370093.964.28$2,998
Mar 201379593.623.91$3,111
Feb 201373691.233.42$2,517
Jan 201379891.603.42$2,729
Dec 201257386.773.42$1,960
Nov 201247286.953.62$1,711
Oct 201227089.383.40$918
Sep 201250094.672.92$1,459
Aug 201264692.662.91$1,879
Jul 201233685.133.02$1,015
Jun 2012079.822.52$0
May 20121691.612.49$40
Apr 2012283101.652.00$565
Mar 2012270105.052.22$600
Feb 2012248101.102.57$637
Jan 201228498.092.73$776
Dec 201127396.873.24$884
Nov 201118395.723.31$606
Oct 201131784.983.65$1,157
Sep 201138183.623.99$1,519
Aug 20111083.404.15$41
Jul 201124994.144.52$1,125
Jun 201156992.904.64$2,640
May 201185798.134.40$3,775
Apr 2011864105.964.33$3,744
Mar 201176696.364.06$3,108
Feb 201124385.644.18$1,016
Jan 201142786.504.59$1,959
Dec 201037285.734.35$1,617
Nov 201033880.843.80$1,283
Oct 201034278.103.51$1,200
Sep 201033972.633.98$1,349
Aug 201036373.684.42$1,604
Jul 201036072.554.74$1,705
Jun 201037770.364.91$1,851
May 201043271.124.24$1,830
Apr 201044881.694.12$1,847
Mar 201047978.394.39$2,102
Feb 201064373.585.44$3,499
Jan 201066874.365.96$3,984
Dec 200967171.445.48$3,680
Nov 200964674.593.75$2,423
Oct 200996872.544.11$3,979
Sep 2009065.543.06$0
Aug 2009067.423.22$0
Jul 200924861.133.46$859
Jun 200944266.163.90$1,722
May 200939754.743.93$1,559
Apr 200939646.773.59$1,421
Mar 200941442.144.06$1,680
Feb 200947032.814.63$2,178
Jan 200924235.865.37$1,300
Dec 200847637.105.98$2,845
Nov 200841555.496.86$2,847
Oct 200832875.246.92$2,270
Sep 2008188101.767.88$1,481
Aug 2008372114.228.48$3,156
Jul 2008545131.0811.39$6,207
Jun 2008491131.3313.03$6,399
May 2008473123.1711.57$5,475
Apr 2008464110.3110.45$4,851
Mar 2008485101.909.66$4,687
Feb 200843392.538.77$3,798
Jan 200821990.388.21$1,797
Dec 200718388.337.30$1,336
Nov 200730491.677.29$2,217
Oct 200760382.856.92$4,174
Sep 200757675.846.24$3,597
Aug 200742869.066.39$2,734
Jul 200742170.906.39$2,689
Jun 200749162.007.55$3,706
May 200756958.747.85$4,465
Apr 200750259.617.81$3,918
Mar 200755356.927.30$4,038
Feb 200751355.108.22$4,215
Jan 200768250.306.73$4,588
Dec 200649656.656.92$3,432
Nov 200666354.207.62$5,050
Oct 200652454.906.01$3,151
Sep 200651760.085.04$2,604
Aug 200649368.717.34$3,619
Jul 200648169.376.34$3,051
Jun 200620566.286.38$1,309
May 200645266.016.42$2,904
Apr 200649864.397.36$3,666
Mar 200660056.707.08$4,250
Feb 200653157.597.75$4,116
Jan 200656860.598.93$5,074
Dec 200564354.9413.42$8,626
Nov 200574554.6910.59$7,888
Oct 200582658.3413.80$11,395
Sep 200567561.4512.08$8,153
Aug 200592761.519.80$9,082
Jul 200576455.697.84$5,993
Jun 200573252.337.38$5,403
May 200578445.226.65$5,215
Apr 200556849.207.36$4,181
Mar 200579150.377.15$5,660
Feb 200576045.226.31$4,797
Jan 200573443.166.32$4,640
Dec 200477539.866.75$5,232
Nov 200487745.286.33$5,552
Oct 200494749.706.52$6,170
Sep 200477643.245.28$4,100
Aug 200458142.375.55$3,225
Jul 200481338.286.08$4,946
Jun 200484536.106.43$5,436
May 200478637.486.49$5,105
Apr 200479134.475.86$4,634
Mar 20041,12334.365.53$6,210
Feb 20041,12332.455.51$6,187
Jan 20041,16232.036.30$7,320
Dec 20031,07530.266.30$6,774
Nov 20031,08828.804.60$5,000
Oct 20031,17128.174.76$5,574
Sep 20031,18126.314.75$5,609
Aug 20031,36829.765.13$7,017
Jul 20031,28729.415.17$6,655
Jun 200394528.565.98$5,654
May 200377826.595.97$4,647
Apr 200360926.675.41$3,293
Mar 200381231.146.10$4,950
Feb 200381533.487.93$6,460
Jan 20031,15630.315.58$6,453
Dec 20021,02026.914.85$4,951
Nov 20021,05224.664.14$4,352
Oct 20021,04426.464.23$4,415
Sep 20021,02127.443.64$3,712
Aug 20021,07625.963.16$3,405
Jul 200279324.583.06$2,428
Jun 20021,24723.733.34$4,163
May 200289824.663.58$3,218
Apr 20021,19223.653.51$4,187
Mar 20021,34922.003.10$4,186
Feb 20021,03418.222.38$2,456
Jan 200263817.172.38$1,516
Dec 200181516.932.36$1,927
Nov 20011,00918.072.41$2,427
Oct 20011,28819.782.53$3,257
Sep 20011,32524.262.25$2,983
Aug 200183924.873.05$2,562
Jul 200186623.933.20$2,769
Jun 200187724.563.82$3,354
May 200177725.524.31$3,347
Apr 200194524.685.34$5,042
Mar 200198924.545.38$5,317
Feb 200177327.755.77$4,458
Jan 200189527.478.40$7,517
Dec 200090026.889.12$8,210
Nov 200089832.215.66$5,081
Oct 200084231.235.15$4,333
Sep 200028631.875.19$1,483
Aug 200080429.644.54$3,651
Jul 200083728.534.09$3,423
Jun 200086829.304.40$3,817
May 20001,45627.263.68$5,358
Apr 20001,10224.513.12$3,434
Mar 200094228.422.86$2,694
Feb 200092527.622.73$2,522
Jan 200049925.272.48$1,238
Dec 199946424.282.42$1,125
Nov 19991,27223.192.43$3,096
Oct 19991,44520.982.80$4,051
Sep 19991,47921.752.62$3,873
Aug 19991,67319.262.88$4,811
Jul 19991,62517.892.37$3,855
Jun 19991,70915.942.36$4,037
May 19991,76315.792.32$4,092
Apr 19992,27115.102.21$5,014
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 199847513.952.30$1,092
Jan 199861414.702.15$1,323
Dec 19971,28416.322.41$3,096
Nov 19971,31718.193.09$4,067
Oct 19971,62819.253.15$5,128
Sep 19971,49817.742.95$4,426
Aug 19971,30117.862.55$3,324
Jul 19971,43917.582.25$3,233
Jun 19971,04517.242.26$2,359
May 19976718.972.31$155
Apr 19971,59917.882.08$3,330
Mar 19972,13518.951.94$4,140
Feb 19971,08120.492.21$2,385
Jan 19971,56923.483.54$5,554
Dec 19961,86023.32$0
Nov 19962,07921.97$0
Oct 19962,00223.31$0
Sep 19961,71422.22$0
Aug 19961,29320.26$0
Jul 19961,48319.55$0
Jun 19961,96618.73$0
May 19961,24019.43$0
Apr 19961,64621.51$0
Mar 19961,30819.38$0
Feb 19961,24316.98$0
Jan 19962,17117.07$0
Dec 19952,27517.19$0
Nov 19951,99216.00$0
Oct 19952,46815.43$0
Sep 19952,61216.18$0
Aug 19952,51515.92$0
Jul 19952,32215.24$0
Jun 19952,01216.41$0
May 19952,63417.56$0
Apr 19952,42917.73$0
Mar 19952,86816.44$0
Feb 19952,60916.58$0
Jan 19952,87815.92$0
Dec 19943,25315.03$0
Nov 19943,73215.90$0
Oct 19944,08915.58$0
Sep 19943,72715.29$0
Aug 19944,27316.13$0
Jul 19945,11217.56$0
Jun 19945,64517.09$0
May 19946,49715.88$0
Apr 1994014.14$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                  300 Mcf  × $  3.93 =     $1,178

────────────────────────────────────────────────────
Month total                                   $1,178

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/150248 is the state's own key, not one this site invented.