WATSON, J. E.

Name: WATSON, J. E. lease production and value, Dec 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MERIT ENERGY COMPANY (P-5 561136) in the CONGER, SW (PENN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 153133District 08Field 20101500CondensateGasSave Export

Value, all time

$600 k

Dec 1994 – Jun 2011

Value, last 12 filed months

$35 k

at the published price for each month

Months reported

199

no gaps in the span

Streams

condensate, gas

The CONGER, SW (PENN) field

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 271 leases and 445 wells, and the rule below applies to all of them.

Discovered

1979-02-21

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1986-07-01.

The Commission's schedule remark for this field reads: “OPERATOR REQUEST. TEXACO E & P INC ALLICIANT..”

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.

Stream	Basis	Volume	Value
Condensate	Disposition	2,825 bbl	$97,872
Gas	Production	122,476 Mcf	$502,269
Total			$600,141

30,057 Mcf of this lease's gas, across 25 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 31.6780, -101.2661. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.67805, -101.26607 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

8,500 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

1100.0%

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.

00.0%

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 8,500 ft.

Completions filed

Aug 2010

1 of 1 wells

1 well


42-43131101	4	8,500 ft	Aug 2010	—	Yes

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 (199)

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

199 months


Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	424	0	72.63	3.98	$30,795
Aug 2010	0	399	73.68	4.42	$1,763
Jul 2010	0	416	72.55	4.74	$1,970
Jun 2010	0	418	70.36	4.91	$2,053
May 2010	0	790	71.12	4.24	$3,346
Apr 2010	0	795	81.69	4.12	$3,278
Mar 2010	0	839	78.39	4.39	$3,682
Feb 2010	0	722	73.58	5.44	$3,929
Jan 2010	27	602	74.36	5.96	$5,598
Dec 2009	0	552	71.44	5.48	$3,027
Nov 2009	0	492	74.59	3.75	$1,846
Oct 2009	0	530	72.54	4.11	$2,178
Sep 2009	0	498	65.54	3.06	$1,526
Aug 2009	0	533	67.42	3.22	$1,715
Jul 2009	0	438	61.13	3.46	$1,517
Jun 2009	0	498	66.16	3.90	$1,940
May 2009	0	571	54.74	3.93	$2,242
Apr 2009	0	613	46.77	3.59	$2,199
Mar 2009	0	650	42.14	4.06	$2,638
Feb 2009	0	487	32.81	4.63	$2,256
Jan 2009	0	479	35.86	5.37	$2,573
Dec 2008	0	451	37.10	5.98	$2,696
Nov 2008	33	575	55.49	6.86	$5,776
Oct 2008	0	561	75.24	6.92	$3,883
Sep 2008	0	524	101.76	7.88	$4,128
Aug 2008	0	570	114.22	8.48	$4,835
Jul 2008	0	615	131.08	11.39	$7,005
Jun 2008	0	584	131.33	13.03	$7,611
May 2008	0	634	123.17	11.57	$7,338
Apr 2008	30	565	110.31	10.45	$9,216
Mar 2008	0	543	101.90	9.66	$5,248
Feb 2008	0	516	92.53	8.77	$4,526
Jan 2008	0	734	90.38	8.21	$6,023
Dec 2007	0	749	88.33	7.30	$5,469
Nov 2007	0	6	91.67	7.29	$44
Oct 2007	22	660	82.85	6.92	$6,391
Sep 2007	0	611	75.84	6.24	$3,815
Aug 2007	0	660	69.06	6.39	$4,216
Jul 2007	0	720	70.90	6.39	$4,599
Jun 2007	0	682	62.00	7.55	$5,148
May 2007	0	748	58.74	7.85	$5,869
Apr 2007	30	730	59.61	7.81	$7,486
Mar 2007	0	732	56.92	7.30	$5,345
Feb 2007	0	674	55.10	8.22	$5,538
Jan 2007	0	766	50.30	6.73	$5,153
Dec 2006	30	771	56.65	6.92	$7,034
Nov 2006	0	766	54.20	7.62	$5,835
Oct 2006	0	795	54.90	6.01	$4,781
Sep 2006	0	798	60.08	5.04	$4,020
Aug 2006	0	758	68.71	7.34	$5,564
Jul 2006	29	668	69.37	6.34	$6,249
Jun 2006	0	650	66.28	6.38	$4,150
May 2006	0	8	66.01	6.42	$51
Apr 2006	29	670	64.39	7.36	$6,799
Mar 2006	0	715	56.70	7.08	$5,064
Feb 2006	0	614	57.59	7.75	$4,759
Jan 2006	0	589	60.59	8.93	$5,262
Dec 2005	30	7	54.94	13.42	$1,742
Nov 2005	0	657	54.69	10.59	$6,957
Oct 2005	0	731	58.34	13.80	$10,085
Sep 2005	0	700	61.45	12.08	$8,455
Aug 2005	34	694	61.51	9.80	$8,890
Jul 2005	0	612	55.69	7.84	$4,800
Jun 2005	0	577	52.33	7.38	$4,259
May 2005	0	755	45.22	6.65	$5,022
Apr 2005	33	701	49.20	7.36	$6,783
Mar 2005	0	1,463	50.37	7.15	$10,468
Feb 2005	0	716	45.22	6.31	$4,519
Jan 2005	33	966	43.16	6.32	$7,532
Dec 2004	0	678	39.86	6.75	$4,577
Nov 2004	0	722	45.28	6.33	$4,571
Oct 2004	0	977	49.70	6.52	$6,365
Sep 2004	0	825	43.24	5.28	$4,359
Aug 2004	33	787	42.37	5.55	$5,767
Jul 2004	0	740	38.28	6.08	$4,502
Jun 2004	0	780	36.10	6.43	$5,018
May 2004	0	733	37.48	6.49	$4,761
Apr 2004	35	667	34.47	5.86	$5,114
Mar 2004	0	790	34.36	5.53	$4,369
Feb 2004	33	809	32.45	5.51	$5,528
Jan 2004	0	834	32.03	6.30	$5,254
Dec 2003	0	937	30.26	6.30	$5,905
Nov 2003	64	929	28.80	4.60	$6,112
Oct 2003	0	899	28.17	4.76	$4,279
Sep 2003	0	783	26.31	4.75	$3,719
Aug 2003	0	889	29.76	5.13	$4,560
Jul 2003	36	901	29.41	5.17	$5,718
Jun 2003	0	998	28.56	5.98	$5,971
May 2003	0	714	26.59	5.97	$4,264
Apr 2003	36	767	26.67	5.41	$5,108
Mar 2003	0	876	31.14	6.10	$5,340
Feb 2003	0	891	33.48	7.93	$7,062
Jan 2003	0	986	30.31	5.58	$5,504
Dec 2002	39	469	26.91	4.85	$3,326
Nov 2002	39	432	24.66	4.14	$2,749
Oct 2002	0	425	26.46	4.23	$1,797
Sep 2002	39	451	27.44	3.64	$2,710
Aug 2002	38	458	25.96	3.16	$2,436
Jul 2002	37	502	24.58	3.06	$2,446
Jun 2002	0	497	23.73	3.34	$1,659
May 2002	48	524	24.66	3.58	$3,062
Apr 2002	0	302	23.65	3.51	$1,061
Mar 2002	0	288	22.00	3.10	$894
Feb 2002	0	323	18.22	2.38	$767
Jan 2002	0	497	17.17	2.38	$1,181
Dec 2001	50	494	16.93	2.36	$2,015
Nov 2001	59	454	18.07	2.41	$2,158
Oct 2001	104	428	19.78	2.53	$3,139
Sep 2001	0	397	24.26	2.25	$894
Aug 2001	0	401	24.87	3.05	$1,224
Jul 2001	0	392	23.93	3.20	$1,253
Jun 2001	58	425	24.56	3.82	$3,050
May 2001	0	469	25.52	4.31	$2,020
Apr 2001	0	358	24.68	5.34	$1,910
Mar 2001	0	422	24.54	5.38	$2,269
Feb 2001	0	214	27.75	5.77	$1,234
Jan 2001	21	294	27.47	8.40	$3,046
Dec 2000	0	291	26.88	9.12	$2,655
Nov 2000	29	327	32.21	5.66	$2,784
Oct 2000	0	329	31.23	5.15	$1,693
Sep 2000	0	369	31.87	5.19	$1,914
Aug 2000	47	355	29.64	4.54	$3,005
Jul 2000	0	366	28.53	4.09	$1,497
Jun 2000	0	303	29.30	4.40	$1,332
May 2000	46	278	27.26	3.68	$2,277
Apr 2000	0	283	24.51	3.12	$882
Mar 2000	0	314	28.42	2.86	$898
Feb 2000	0	295	27.62	2.73	$804
Jan 2000	45	253	25.27	2.48	$1,765
Dec 1999	0	276	24.28	2.42	$669
Nov 1999	0	270	23.19	2.43	$657
Oct 1999	43	309	20.98	2.80	$1,768
Sep 1999	0	343	21.75	2.62	$898
Aug 1999	0	365	19.26	2.88	$1,050
Jul 1999	0	410	17.89	2.37	$973
Jun 1999	0	403	15.94	2.36	$952
May 1999	41	350	15.79	2.32	$1,460
Apr 1999	39	316	15.10	2.21	$1,287
Mar 1999	0	323	12.47	1.84	$594
Feb 1999	0	489	9.98	1.82	$889
Jan 1999	0	406	10.38	1.90	$771
Dec 1998	0	542	9.20	1.77	$961
Nov 1998	0	480	10.89	2.19	$1,049
Oct 1998	35	475	12.42	1.97	$1,370
Sep 1998	0	526	12.59	2.08	$1,095
Aug 1998	0	491	11.30	1.91	$937
Jul 1998	30	492	11.74	2.24	$1,453
Jun 1998	0	452	11.24	2.24	$1,011
May 1998	0	433	12.62	2.21	$955
Apr 1998	25	408	13.04	2.51	$1,348
Mar 1998	0	436	12.80	2.31	$1,007
Feb 1998	23	400	13.95	2.30	$1,241
Jan 1998	0	433	14.70	2.15	$933
Dec 1997	24	439	16.32	2.41	$1,450
Nov 1997	0	404	18.19	3.09	$1,248
Oct 1997	0	300	19.25	3.15	$945
Sep 1997	0	291	17.74	2.95	$860
Aug 1997	22	291	17.86	2.55	$1,136
Jul 1997	0	316	17.58	2.25	$710
Jun 1997	0	701	17.24	2.26	$1,582
May 1997	24	805	18.97	2.31	$2,314
Apr 1997	0	949	17.88	2.08	$1,977
Mar 1997	24	840	18.95	1.94	$2,084
Feb 1997	0	457	20.49	2.21	$1,008
Jan 1997	24	894	23.48	3.54	$3,728
Dec 1996	0	881	23.32	—	$0
Nov 1996	35	747	21.97	—	$769
Oct 1996	0	1,031	23.31	—	$0
Sep 1996	20	736	22.22	—	$444
Aug 1996	0	1,225	20.26	—	$0
Jul 1996	32	967	19.55	—	$626
Jun 1996	77	865	18.73	—	$1,442
May 1996	156	1,006	19.43	—	$3,031
Apr 1996	0	1,580	21.51	—	$0
Mar 1996	43	543	19.38	—	$833
Feb 1996	105	2,273	16.98	—	$1,783
Jan 1996	111	915	17.07	—	$1,895
Dec 1995	72	1,967	17.19	—	$1,238
Nov 1995	0	1,224	16.00	—	$0
Oct 1995	0	1,072	15.43	—	$0
Sep 1995	0	1,149	16.18	—	$0
Aug 1995	50	1,272	15.92	—	$796
Jul 1995	0	1,261	15.24	—	$0
Jun 1995	0	1,171	16.41	—	$0
May 1995	49	1,691	17.56	—	$860
Apr 1995	0	1,251	17.73	—	$0
Mar 1995	0	1,025	16.44	—	$0
Feb 1995	0	1,493	16.58	—	$0
Jan 1995	1	1,335	15.92	—	$16
Dec 1994	0	1,377	15.03	—	$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.

Sep 2010 — as filed, then multipliedworked

Condensate           424 bbl  × $ 72.63 =    $30,795
Gas                    0 Mcf  × $  3.98 =         $0

────────────────────────────────────────────────────
Month total                                  $30,795

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/153133 is the state's own key, not one this site invented.