WATSON, L. M. STATE

Name: WATSON, L. M. STATE lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PITTS ENERGY CO. (P-5 666430) in the SCOTT (CHERRY CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26494District 08Field 81738200OilCasinghead gasSave Export

Value, all time

$107 k

Jan 1993 – Mar 2008

Value, last 12 filed months

at the published price for each month

Months reported

183

no gaps in the span

Streams

oil, casinghead gas

The SCOTT (CHERRY CANYON) 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 79 leases and 197 wells, and the rule below applies to all of them.

Discovered

1978-08-05

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

191 ft

minimum

A drilling unit in this field needs at least 10 acres. The field rule took effect on 2020-01-14.

The Commission's schedule remark for this field reads: “FIELD CONSOLIDATED INTO THE COLLIE (DELAWARE) FIELD.”

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
Oil	Disposition	4,454 bbl	$75,129
Casinghead gas	Production	33,438 Mcf	$32,253
Total			$107,383

23,803 Mcf of this lease's gas, across 48 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 31.4199, -103.3380. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.41988, -103.33795 · 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

6,500 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 6,500 ft.

Completions filed

May 2012

1 of 1 wells

1 well


42-47532171	1	6,500 ft	May 2012	—	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 (183)

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

183 months


Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	24	0	32.21	5.66	$773
Oct 2000	0	2,239	31.23	5.15	$11,521
Sep 2000	0	435	31.87	5.19	$2,256
Aug 2000	0	69	29.64	4.54	$313
Jul 2000	171	360	28.53	4.09	$6,351
Jun 2000	0	725	29.30	4.40	$3,188
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	99	0	15.79	2.32	$1,563
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	10	12.47	1.84	$18
Feb 1999	0	194	9.98	1.82	$353
Jan 1999	109	205	10.38	1.90	$1,521
Dec 1998	0	273	9.20	1.77	$484
Nov 1998	67	226	10.89	2.19	$1,224
Oct 1998	0	153	12.42	1.97	$301
Sep 1998	83	87	12.59	2.08	$1,226
Aug 1998	0	113	11.30	1.91	$216
Jul 1998	0	59	11.74	2.24	$132
Jun 1998	94	201	11.24	2.24	$1,506
May 1998	113	274	12.62	2.21	$2,031
Apr 1998	0	117	13.04	2.51	$293
Mar 1998	102	186	12.80	2.31	$1,735
Feb 1998	106	208	13.95	2.30	$1,957
Jan 1998	101	279	14.70	2.15	$2,086
Dec 1997	0	117	16.32	2.41	$282
Nov 1997	95	177	18.19	3.09	$2,275
Oct 1997	0	286	19.25	3.15	$901
Sep 1997	98	239	17.74	2.95	$2,445
Aug 1997	0	348	17.86	2.55	$889
Jul 1997	110	302	17.58	2.25	$2,612
Jun 1997	0	994	17.24	2.26	$2,244
May 1997	109	165	18.97	2.31	$2,449
Apr 1997	0	120	17.88	2.08	$250
Mar 1997	102	116	18.95	1.94	$2,158
Feb 1997	0	219	20.49	2.21	$483
Jan 1997	96	139	23.48	3.54	$2,746
Dec 1996	0	197	23.32	—	$0
Nov 1996	0	201	21.97	—	$0
Oct 1996	117	211	23.31	—	$2,727
Sep 1996	0	153	22.22	—	$0
Aug 1996	109	169	20.26	—	$2,208
Jul 1996	103	177	19.55	—	$2,014
Jun 1996	0	177	18.73	—	$0
May 1996	0	299	19.43	—	$0
Apr 1996	98	326	21.51	—	$2,108
Mar 1996	93	411	19.38	—	$1,802
Feb 1996	0	337	16.98	—	$0
Jan 1996	0	342	17.07	—	$0
Dec 1995	97	147	17.19	—	$1,667
Nov 1995	0	192	16.00	—	$0
Oct 1995	124	215	15.43	—	$1,913
Sep 1995	0	114	16.18	—	$0
Aug 1995	133	142	15.92	—	$2,117
Jul 1995	132	181	15.24	—	$2,012
Jun 1995	0	132	16.41	—	$0
May 1995	0	163	17.56	—	$0
Apr 1995	87	147	17.73	—	$1,543
Mar 1995	0	254	16.44	—	$0
Feb 1995	93	195	16.58	—	$1,542
Jan 1995	97	159	15.92	—	$1,544
Dec 1994	0	261	15.03	—	$0
Nov 1994	0	157	15.90	—	$0
Oct 1994	98	319	15.58	—	$1,527
Sep 1994	91	32	15.29	—	$1,391
Aug 1994	0	108	16.13	—	$0
Jul 1994	96	71	17.56	—	$1,686
Jun 1994	97	139	17.09	—	$1,658
May 1994	3	859	15.88	—	$48
Apr 1994	176	1,210	14.14	—	$2,489
Mar 1994	88	833	12.46	—	$1,096
Feb 1994	0	1,195	12.50	—	$0
Jan 1994	92	1,085	12.66	—	$1,165
Dec 1993	0	468	12.33	—	$0
Nov 1993	80	1,408	14.49	—	$1,159
Oct 1993	4	2,042	15.85	—	$63
Sep 1993	80	1,203	15.03	—	$1,202
Aug 1993	85	794	15.66	—	$1,331
Jul 1993	111	879	15.46	—	$1,716
Jun 1993	84	900	16.79	—	$1,410
May 1993	0	679	17.68	—	$0
Apr 1993	90	1,091	18.05	—	$1,625
Mar 1993	79	883	18.14	—	$1,433
Feb 1993	70	589	17.90	—	$1,253
Jan 1993	68	1,557	16.93	—	$1,151

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 2000 — as filed, then multipliedworked

Oil                   24 bbl  × $ 32.21 =       $773
Casinghead gas         0 Mcf  × $  5.66 =         $0

────────────────────────────────────────────────────
Month total                                     $773

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/26494 is the state's own key, not one this site invented.