STATE WALTON

Operated by BASIN OIL & GAS OPERATING, LLC (P-5 54430) in the KERMIT (MCKEE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 173356District 08Field 490384262 tax incentive programmesCondensateGasSaveExport
Value, all time
$19.2 M
May 1999 – May 2026
Value, last 12 filed months
$339 k
at the published price for each month
Months reported
325
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 61 leases and 74 wells, and the rule below applies to all of them.

Discovered
1960-02-11
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 12/01/96.

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
High Cost Gas112007-10-15176512
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
CondensateDisposition31,191 bbl$2,090,355
GasProduction3,998,578 Mcf$17,137,474
Total$19,227,829

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 31.9005, -103.0964. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.90048, -103.09639 · 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
10,480 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 10,480 ft.

Completions filed
Nov 2006
1 of 1 wells

1 well

42-49532748510,480 ftNov 2006

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 (325)

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

325 months

May 20261880106.413.05$20,005
Apr 202604,99698.932.87$14,337
Mar 202605,18789.753.15$16,336
Feb 20261855,90163.503.75$33,878
Jan 202605,25459.138.00$42,021
Dec 20251644,88056.664.41$30,829
Nov 202505,06058.593.93$19,868
Oct 202504,81559.383.30$15,913
Sep 202508,54662.743.08$26,295
Aug 202518113,69463.933.01$52,855
Jul 2025010,21766.743.32$33,871
Jun 2025010,36966.483.13$32,442
May 20253467,05160.553.23$43,741
Apr 202506,03262.363.54$21,372
Mar 202506,05167.704.27$25,828
Feb 20253475,25470.884.34$47,402
Jan 20251853,46274.324.28$28,562
Dec 202406,22068.993.12$19,415
Nov 202405,43769.052.20$11,953
Oct 20243715,63271.372.28$39,327
Sep 20241337,50869.612.36$27,010
Aug 20243683,67375.632.06$35,412
Jul 202404,36979.932.15$9,378
Jun 202407,83078.082.63$20,624
May 2024011,52878.812.20$25,344
Apr 202419011,52884.451.66$35,173
Mar 2024010,17080.301.55$15,714
Feb 202409,14076.091.78$16,302
Jan 20241746,36273.023.30$33,685
Dec 202315512,15371.262.61$42,773
Nov 2023012,40877.892.81$34,836
Oct 20231519,10385.443.09$41,005
Sep 202309,47989.042.74$25,925
Aug 202320010,10680.522.67$43,116
Jul 202318012,10174.852.64$45,441
Jun 202309,20068.962.26$20,778
May 202317412,20770.622.23$39,478
Apr 202309,70578.122.24$21,717
Mar 20232009,23072.852.39$36,659
Feb 202313210,54375.112.47$35,910
Jan 2023012,87876.533.39$43,627
Dec 202217410,02376.415.73$70,718
Nov 202205,68985.005.65$32,121
Oct 202211110,21187.185.86$69,552
Sep 202213814,88384.888.16$133,213
Aug 2022010,43194.529.13$95,205
Jul 20221876,533101.587.54$68,268
Jun 20221066,439115.097.98$63,565
May 202207,424109.378.43$62,607
Apr 20221382,955104.226.84$34,587
Mar 202209,097108.885.08$46,180
Feb 20221207,95791.054.86$49,588
Jan 20221509,08081.844.54$53,478
Dec 202108,88771.323.90$34,651
Nov 202108,61577.435.24$45,115
Oct 20211026,53979.795.71$45,502
Sep 202108,73269.865.35$46,724
Aug 202111149666.024.22$9,422
Jul 202107,14570.783.98$28,452
Jun 20211248,29369.493.38$36,652
May 20211548,89263.483.02$36,609
Apr 20211958,26860.362.76$34,577
Mar 202108,33461.302.72$22,643
Feb 20211647,75057.805.55$52,476
Jan 202108,26150.412.81$23,216
Dec 20201579,08644.642.68$31,318
Nov 20201698,81738.772.71$30,416
Oct 202008,67136.972.48$21,490
Sep 2020478,74137.091.99$19,147
Aug 20201109,02239.982.39$25,916
Jul 20201689,10138.371.83$23,057
Jun 2020678,96334.901.69$17,489
May 202009,77116.921.81$17,732
Apr 20201409,30914.751.80$18,862
Mar 2020178,98530.341.86$17,194
Feb 2020439,17549.881.98$20,317
Jan 2020809,89057.252.09$25,297
Dec 2019317,97859.012.30$20,213
Nov 20192449,12455.302.75$38,591
Oct 20191719,51253.472.42$32,149
Sep 2019729,36255.052.66$28,841
Aug 201909,13453.112.30$21,048
Jul 2019739,41756.272.46$27,274
Jun 2019729,38352.782.49$27,175
May 2019010,04158.482.74$27,516
Apr 20194210,16662.632.75$30,594
Mar 20192811,79756.803.06$37,714
Feb 2019013,84550.852.79$38,658
Jan 20195513,67446.033.23$46,674
Dec 2018012,67746.594.19$53,059
Nov 20181289,92252.934.24$48,817
Oct 201820911,05761.443.40$50,414
Sep 2018010,59159.543.11$32,917
Aug 2018013,18359.403.07$40,426
Jul 201809,45365.142.93$27,715
Jun 201808,18260.183.08$25,175
May 201809,20865.382.90$26,711
Apr 2018010,73163.842.90$31,128
Mar 2018010,09461.222.79$28,130
Feb 2018010,49461.782.77$29,028
Jan 201809,39362.874.01$37,660
Dec 201708,56157.272.92$25,011
Nov 201723211,50555.423.12$48,734
Oct 20171949,59449.292.98$38,188
Sep 201709,45147.523.09$29,178
Aug 201709,68245.373.00$29,089
Jul 20171459,99443.873.09$37,215
Jun 201717510,78342.493.09$40,726
May 201713910,37145.373.26$40,151
Apr 20178810,32247.933.21$37,368
Mar 20173610,70146.772.98$33,612
Feb 2017769,78550.452.95$32,725
Jan 20177610,74649.413.42$40,494
Dec 201620510,88848.763.72$50,530
Nov 20168610,70542.492.64$31,962
Oct 201612311,13346.193.09$40,085
Sep 201612010,84641.553.10$38,615
Aug 201611111,19441.442.92$37,335
Jul 20169911,07241.622.92$36,499
Jun 201613910,76345.352.69$35,211
May 20167311,16842.521.99$25,340
Apr 20167110,69836.561.99$23,896
Mar 201613811,59933.011.79$25,364
Feb 20167110,33326.472.06$23,203
Jan 20166311,42527.352.36$28,736
Dec 201526011,75432.362.00$31,938
Nov 20156011,35138.792.17$26,929
Oct 201513711,20443.552.43$33,154
Sep 201520211,09342.992.76$39,283
Aug 201517911,53240.162.87$40,314
Jul 20159111,56148.152.95$38,430
Jun 201515010,84356.152.88$39,681
May 20157211,20655.212.96$37,094
Apr 201519710,88049.822.71$39,262
Mar 201516911,30842.892.93$40,434
Feb 201511310,28444.662.98$35,654
Jan 20158211,50943.433.10$39,246
Dec 201413711,37454.693.59$48,341
Nov 201411311,24470.464.25$55,770
Oct 20145311,57578.303.90$49,304
Sep 20149310,18686.164.05$49,220
Aug 201413012,28889.394.04$61,204
Jul 20147912,45796.564.18$59,694
Jun 201410412,04598.164.74$67,264
May 20147212,25794.734.73$64,754
Apr 20149512,12995.944.81$67,444
Mar 201410012,64195.895.06$73,512
Feb 20144311,76597.406.19$77,037
Jan 20146213,37790.404.86$70,627
Dec 20133110,62891.824.35$49,126
Nov 2013746,39788.853.74$30,489
Oct 2013844,83497.423.78$26,453
Sep 2013624,215104.113.72$22,125
Aug 2013842,093104.253.52$16,130
Jul 201320249102.523.72$2,976
Jun 20131023994.403.93$9,782
May 20131557,74994.834.15$46,850
Apr 201312511,93493.964.28$62,853
Mar 20137012,69893.623.91$56,239
Feb 201315211,60191.233.42$53,541
Jan 201316812,96791.603.42$59,735
Dec 201219611,85586.773.42$57,553
Nov 20129212,12586.953.62$51,952
Oct 201215911,71789.383.40$54,045
Sep 201213211,89794.672.92$47,217
Aug 20127312,00992.662.91$41,688
Jul 201215212,06085.133.02$49,371
Jun 201215810,83479.822.52$39,903
May 201215510,20491.612.49$39,590
Apr 201218811,128101.652.00$41,331
Mar 20121069,735105.052.22$32,767
Feb 20126010,450101.102.57$32,925
Jan 20128310,49898.092.73$36,844
Dec 201115410,95596.873.24$50,409
Nov 20116811,11795.723.31$43,320
Oct 20115211,92884.983.65$47,939
Sep 20117210,03983.623.99$46,034
Aug 2011949,03583.404.15$45,329
Jul 201110111,71394.144.52$62,419
Jun 201120510,98992.904.64$70,032
May 2011959,39498.134.40$50,701
Apr 20111299,233105.964.33$53,678
Mar 201114810,34796.364.06$56,243
Feb 20111589,30285.644.18$52,413
Jan 2011806,90786.504.59$38,615
Dec 201023912,19585.734.35$73,510
Nov 20108712,37780.843.80$54,008
Oct 20109210,38278.103.51$43,615
Sep 20101988,23872.633.98$47,164
Aug 20101136,07773.684.42$35,182
Jul 20102559,60072.554.74$63,971
Jun 201025712,37170.364.91$78,829
May 201030912,97271.124.24$76,915
Apr 201012811,50781.694.12$57,896
Mar 201022811,27878.394.39$67,368
Feb 201036910,57073.585.44$84,677
Jan 20103488,40574.365.96$76,005
Dec 200929111,79271.445.48$85,453
Nov 200935012,15974.593.75$71,721
Oct 200910512,37672.544.11$58,485
Sep 20091067,83365.543.06$30,953
Aug 200928067.423.22$1,888
Jul 20091186,67061.133.46$30,322
Jun 20091636,00966.163.90$34,189
May 200913513,49354.743.93$60,360
Apr 20091707,88646.773.59$36,242
Mar 20098211,55742.144.06$50,365
Feb 200926510,33732.814.63$56,586
Jan 200913716,25935.865.37$92,240
Dec 200816214,89537.105.98$95,040
Nov 200819017,02555.496.86$127,341
Oct 200835419,11975.246.92$158,976
Sep 200808,762101.767.88$69,019
Aug 200827115,497114.228.48$162,415
Jul 200818817,889131.0811.39$228,389
Jun 200817417,750131.3313.03$254,181
May 200820717,947123.1711.57$233,220
Apr 200847117,614110.3110.45$236,108
Mar 2008018,062101.909.66$174,552
Feb 200844417,15092.538.77$191,499
Jan 200820318,56090.388.21$170,645
Dec 200723217,89788.337.30$151,176
Nov 200725418,67591.677.29$159,457
Oct 200749620,29182.856.92$181,548
Sep 200737020,90775.846.24$158,607
Aug 200722217,83669.066.39$129,267
Jul 200723321,16270.906.39$151,701
Jun 200724519,25762.007.55$160,551
May 200745720,62858.747.85$188,697
Apr 200733619,65659.617.81$173,448
Mar 200712420,83356.927.30$159,180
Feb 200719618,78355.108.22$165,121
Jan 200710820,24050.306.73$141,584
Dec 200619418,11856.656.92$136,338
Nov 2006179,90354.207.62$76,357
Oct 200632,16154.906.01$13,161
Sep 200682,63060.085.04$13,728
Aug 200672,71068.717.34$20,372
Jul 2006103,00369.376.34$19,741
Jun 200653,56466.286.38$23,084
May 2006102,97566.016.42$19,774
Apr 2006103,15164.397.36$23,837
Mar 2006103,28856.707.08$23,856
Feb 200653,12457.597.75$24,502
Jan 2006153,56460.598.93$32,747
Dec 200594,12754.9413.42$55,860
Nov 2005143,37054.6910.59$36,449
Oct 2005194,52958.3413.80$63,589
Sep 200585,98461.4512.08$72,772
Aug 2005145,49361.519.80$54,675
Jul 2005233,96555.697.84$32,381
Jun 2005164,51952.337.38$34,192
May 200555,26845.226.65$35,264
Apr 200585,81149.207.36$43,165
Mar 2005145,95950.377.15$43,341
Feb 2005105,38345.226.31$34,429
Jan 2005125,67843.166.32$36,415
Dec 2004145,93039.866.75$40,592
Nov 2004287,99645.286.33$51,886
Oct 2004518,00149.706.52$54,662
Sep 2004317,89843.245.28$43,073
Aug 2004316,80242.375.55$39,069
Jul 2004346,15338.286.08$38,737
Jun 2004205,62736.106.43$36,921
May 2004407,98537.486.49$53,358
Apr 2004389,09734.475.86$54,604
Mar 2004259,87634.365.53$55,475
Feb 200499,65332.455.51$53,476
Jan 200406,59732.036.30$41,559
Dec 200306,73630.266.30$42,448
Nov 200305,83728.804.60$26,822
Oct 200307,57828.174.76$36,069
Sep 200307,36026.314.75$34,955
Aug 200306,73129.765.13$34,528
Jul 200305,55829.415.17$28,740
Jun 200306,16828.565.98$36,903
May 2003306,66526.595.97$40,606
Apr 2003316,06026.675.41$33,595
Mar 2003225,91631.146.10$36,749
Feb 2003395,43633.487.93$44,391
Jan 2003167,27130.315.58$41,072
Dec 2002196,56726.914.85$32,386
Nov 200246,35124.664.14$26,372
Oct 200207,83526.464.23$33,135
Sep 200286,93627.443.64$25,433
Aug 2002167,19525.963.16$23,181
Jul 2002337,66924.583.06$24,292
Jun 200247,03523.733.34$23,579
May 200218,04524.663.58$28,858
Apr 200208,87223.653.51$31,161
Mar 2002010,89822.003.10$33,813
Feb 2002013,95218.222.38$33,145
Jan 2002017,69317.172.38$42,033
Dec 200109,90316.932.36$23,415
Nov 2001011,02318.072.41$26,516
Oct 2001018,18119.782.53$45,978
Sep 2001019,95424.262.25$44,923
Aug 2001022,73424.873.05$69,411
Jul 2001025,68023.933.20$82,101
Jun 2001022,73124.563.82$86,927
May 2001024,99125.524.31$107,644
Apr 2001027,28724.685.34$145,585
Mar 2001030,26524.545.38$162,718
Feb 2001026,73427.755.77$154,177
Jan 2001038,80827.478.40$325,939
Dec 2000038,86526.889.12$354,546
Nov 20000032.215.66$0
Oct 2000041,38631.235.15$212,952
Sep 2000039,67031.875.19$205,748
Aug 2000047,85729.644.54$217,307
Jul 2000247,17628.534.09$192,995
Jun 20001142,58229.304.40$187,566
May 20001847,35927.263.68$174,760
Apr 20001346,48124.513.12$145,153
Mar 2000048,28528.422.86$138,083
Feb 2000046,73327.622.73$127,418
Jan 2000053,31025.272.48$132,235
Dec 1999050,09024.282.42$121,404
Nov 1999050,17323.192.43$122,121
Oct 1999054,86020.982.80$153,812
Sep 1999051,95621.752.62$136,065
Aug 199959357,03919.262.88$175,443
Jul 199987761,93417.892.37$162,620
Jun 199941849,66215.942.36$123,970
May 199934823,61615.792.32$60,308

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 2026 — as filed, then multipliedworked
Condensate           188 bbl  × $106.41 =    $20,005
Gas                    0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $20,005

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/173356 is the state's own key, not one this site invented.