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WALTON, J. B. ACCT. #1

Operated by LDF ENERGY, LLC (P-5 491588) in the KERMIT field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18475District 08Field 49038001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$739 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
oil, casinghead gas

The KERMIT 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 177 leases and 1,256 wells, and the rule below applies to all of them.

Discovered
1928-12-31
as the register files it
Field class
Oil and 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 10 acres. The field rule took effect on 1937-02-20.

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.

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
OilDisposition26,659 bbl$738,838
Casinghead gasProduction84 Mcf$0
Total$738,838

84 Mcf of this lease's gas, across 21 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 (8)

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 31.8922, -103.1589. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles. 1 well has no surveyed location and is left out of it.

31.89250, -103.15883 · centre of 7 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
100.0%
8 of 8 wells
With a plug date
87.5%
7 of 8 wells
Median depth
3,120 ft
7 wells filed one
Completion to plug
38.0 years
median over 5 wells

What the state filed about each well

On the RRC proration schedule
8100.0%
A plug date is filed
787.5%
BothOn the schedule and plugged. Neither fact cancels the other.
787.5%
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

Total depth in feet, 7 of 8 wells. Median 3,120 ft, with the middle half between 3,074 and 3,133 ft; the shallowest is 2,800 ft and the deepest 3,485 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 5 of 8 wells, Dec 1958 – Aug 1986. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Dec 1958 – Aug 1986
5 of 8 wells; 3 filed none
Plug dates filed
May 1985 – Nov 2024
7 of 8 wells; 1 filed none

Last completion to plug: a median of 38.0 years across the 5 wells that filed both dates, with the middle half between 26.4 years and 65.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

8 wells

42-1038173874———Yes
42-49505690132,800 ft—Aug 2024Yes
42-49510434123,130 ft—May 1985Yes
42-49532035153,485 ftAug 1986Aug 2024Yes
42-49503237113,135 ftMar 1959Nov 2024Yes
42-4950323593,120 ftMar 1959May 1985Yes
42-49503236103,080 ftDec 1958May 1985Yes
42-4950323483,068 ftDec 1958Nov 2024Yes

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 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 2013171094.834.15$16,216
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 2010140085.734.35$12,002
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 2010166072.633.98$12,057
Aug 2010167073.684.42$12,305
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 2009129071.445.48$9,216
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 2009169061.133.46$10,331
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 2009165035.865.37$5,917
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 20081510101.767.88$15,366
Aug 200800114.228.48$0
Jul 20081680131.0811.39$22,021
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 2007146082.856.92$12,096
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 2007158059.617.81$9,418
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 2006155056.656.92$8,781
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 2006153060.085.04$9,192
Aug 20060068.717.34$0
Jul 2006163069.376.34$11,307
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 2006163064.397.36$10,496
Mar 20060056.707.08$0
Feb 2006149057.597.75$8,581
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 2005135054.6910.59$7,383
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 2005146061.519.80$8,980
Jul 2005161055.697.84$8,966
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 2005156049.207.36$7,675
Mar 2005158050.377.15$7,958
Feb 2005159045.226.31$7,190
Jan 2005161043.166.32$6,949
Dec 2004159039.866.75$6,338
Nov 2004163045.286.33$7,381
Oct 2004177049.706.52$8,797
Sep 2004157043.245.28$6,789
Aug 2004170042.375.55$7,203
Jul 20040038.286.08$0
Jun 2004160036.106.43$5,776
May 2004162037.486.49$6,072
Apr 2004324034.475.86$11,168
Mar 2004159034.365.53$5,463
Feb 2004159032.455.51$5,160
Jan 2004161032.036.30$5,157
Dec 2003166030.266.30$5,023
Nov 2003333028.804.60$9,590
Oct 2003190028.174.76$5,352
Sep 2003152026.314.75$3,999
Aug 2003181029.765.13$5,387
Jul 2003316029.415.17$9,294
Jun 2003166028.565.98$4,741
May 2003324026.595.97$8,615
Apr 2003164026.675.41$4,374
Mar 2003159031.146.10$4,951
Feb 2003167033.487.93$5,591
Jan 2003313030.315.58$9,487
Dec 2002166026.914.85$4,467
Nov 2002333024.664.14$8,212
Oct 2002171026.464.23$4,525
Sep 2002362027.443.64$9,933
Aug 2002179025.963.16$4,647
Jul 2002181024.583.06$4,449
Jun 2002180023.733.34$4,271
May 2002137024.663.58$3,378
Apr 2002173023.653.51$4,091
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 2002166017.172.38$2,850
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 2001175019.782.53$3,462
Sep 20010024.262.25$0
Aug 2001134024.873.05$3,333
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 2001140025.524.31$3,573
Apr 2001176024.685.34$4,344
Mar 2001173024.545.38$4,245
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 2000164026.889.12$4,408
Nov 20000032.215.66$0
Oct 2000157031.235.15$4,903
Sep 20000031.875.19$0
Aug 2000166029.644.54$4,920
Jul 20000028.534.09$0
Jun 2000163029.304.40$4,776
May 20000027.263.68$0
Apr 2000149024.513.12$3,652
Mar 2000185028.422.86$5,258
Feb 20000027.622.73$0
Jan 2000148025.272.48$3,740
Dec 1999146024.282.42$3,545
Nov 1999366023.192.43$8,488
Oct 1999186020.982.80$3,902
Sep 1999193021.752.62$4,198
Aug 1999197019.262.88$3,794
Jul 1999196017.892.37$3,506
Jun 1999380015.942.36$6,057
May 1999185015.792.32$2,921
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 1999187010.381.90$1,941
Dec 199817309.201.77$1,592
Nov 1998170010.892.19$1,851
Oct 1998183012.421.97$2,273
Sep 1998358012.592.08$4,507
Aug 19980011.301.91$0
Jul 1998168011.742.24$1,972
Jun 1998357011.242.24$4,013
May 19980012.622.21$0
Apr 1998173013.042.51$2,256
Mar 1998167012.802.31$2,138
Feb 1998182013.952.30$2,539
Jan 1998170014.702.15$2,499
Dec 1997306016.322.41$4,994
Nov 1997177018.193.09$3,220
Oct 1997174019.253.15$3,350
Sep 1997174017.742.95$3,087
Aug 1997167017.862.55$2,983
Jul 1997168017.582.25$2,953
Jun 1997306017.242.26$5,275
May 1997166018.972.31$3,149
Apr 1997168017.882.08$3,004
Mar 1997160018.951.94$3,032
Feb 1997160020.492.21$3,278
Jan 1997154023.483.54$3,616
Dec 1996164023.32—$3,824
Nov 1996173021.97—$3,801
Oct 1996166023.31—$3,869
Sep 1996282022.22—$6,266
Aug 1996162020.26—$3,282
Jul 1996182019.55—$3,558
Jun 1996157018.73—$2,941
May 1996275019.43—$5,343
Apr 1996177021.51—$3,807
Mar 1996170019.38—$3,295
Feb 1996170016.98—$2,887
Jan 1996180017.07—$3,073
Dec 1995176017.19—$3,025
Nov 1995169016.00—$2,704
Oct 1995161015.43—$2,484
Sep 1995166016.18—$2,686
Aug 1995174015.92—$2,770
Jul 19950015.24—$0
Jun 1995169016.41—$2,773
May 1995174017.56—$3,055
Apr 1995173017.73—$3,067
Mar 1995162016.44—$2,663
Feb 1995178016.58—$2,951
Jan 1995173015.92—$2,754
Dec 1994174015.03—$2,615
Nov 1994186015.90—$2,957
Oct 1994187015.58—$2,913
Sep 1994171415.29—$2,615
Aug 1994173416.13—$2,790
Jul 1994164417.56—$2,880
Jun 1994330417.09—$5,640
May 1994171415.88—$2,715
Apr 1994176414.14—$2,489
Mar 19940412.46—$0
Feb 1994181412.50—$2,263
Jan 1994177412.66—$2,241
Dec 1993175412.33—$2,158
Nov 1993166414.49—$2,405
Oct 1993181415.85—$2,869
Sep 1993165415.03—$2,480
Aug 19930415.66—$0
Jul 1993167415.46—$2,582
Jun 1993167416.79—$2,804
May 1993172417.68—$3,041
Apr 1993164418.05—$2,960
Mar 1993166418.14—$3,011
Feb 1993180417.90—$3,222
Jan 1993167416.93—$2,827

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 2013 — as filed, then multipliedworked
Oil                  171 bbl  × $ 94.83 =    $16,216
Casinghead gas         0 Mcf  × $  4.15 =         $0

────────────────────────────────────────────────────
Month total                                  $16,216

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/O/18475 is the state's own key, not one this site invented.