COLBY

Operated by WALSH & WATTS, INC. (P-5 895060) 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 3202District 08Field 49038001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$11.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$61 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 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.

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
NGPA10none

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
OilDisposition181,009 bbl$9,424,674
Casinghead gasProduction511,046 Mcf$1,740,190
Total$11,164,864

119,152 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 (21)

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 31.8747, -103.1414. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

31.87480, -103.14162 · 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
23.8%
5 of 21 wells
With a plug date
23.8%
5 of 21 wells
Median depth
3,098 ft
18 wells filed one
Completion to plug
17.3 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
523.8%
A plug date is filed
523.8%
BothOn the schedule and plugged. Neither fact cancels the other.
523.8%
NeitherNo plug date, and not on the schedule.
1676.2%

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, 18 of 21 wells. Median 3,098 ft, with the middle half between 3,071 and 3,281 ft; the shallowest is 3,052 ft and the deepest 3,449 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, 13 of 21 wells, Mar 1937 – Apr 2012. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Mar 1937 – Apr 2012
13 of 21 wells; 8 filed none
Plug dates filed
Apr 1995 – Jun 2014
5 of 21 wells; 16 filed none

Last completion to plug: a median of 17.3 years across the 3 wells that filed both dates, with the middle half between 12.0 years and 18.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

21 wells

42-49502084323,060 ftApr 1995Yes
42-4950214273,100 ftJun 1996Yes
42-495021279
42-4950214743,449 ft
42-4958037023,120 ft
42-4958037114
42-4958037325
42-49582091283,190 ft
42-49533398343,333 ftApr 2012
42-49533360333,325 ftDec 2010
42-49502116173,360 ftDec 2010
42-49502112163,095 ftApr 2000
42-49502082303,096 ftNov 1996Feb 2014Yes
42-4950215053,100 ftOct 1994Jun 2014Yes
42-49502130103,055 ftMay 1993
42-49502104243,075 ftAug 1988Apr 1995Yes
42-4950208927W3,070 ftJun 1988
42-49502094193,065 ftFeb 1988
42-4950215833,311 ftApr 1962
42-49502083313,081 ftMar 1959
42-4950214583,052 ftMar 1937

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 2026161098.932.87$15,928
Mar 2026164089.753.15$14,719
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 2025169059.383.30$10,035
Sep 20250062.743.08$0
Aug 2025159063.933.01$10,165
Jul 2025147066.743.32$9,811
Jun 20250066.483.13$0
May 2025157060.553.23$9,506
Apr 2025167062.363.54$10,414
Mar 20250067.704.27$0
Feb 2025126070.884.34$8,931
Jan 2025282074.324.28$20,958
Dec 2024136068.993.12$9,383
Nov 2024139069.052.20$9,598
Oct 2024161071.372.28$11,491
Sep 20240069.612.36$0
Aug 2024163075.632.06$12,328
Jul 20240079.932.15$0
Jun 20241692978.082.63$13,272
May 2024018778.812.20$411
Apr 20240084.451.66$0
Mar 20243254180.301.55$26,161
Feb 2024054576.091.78$972
Jan 202415165973.023.30$13,199
Dec 202316663671.262.61$13,490
Nov 202317029377.892.81$14,064
Oct 202316033185.443.09$14,692
Sep 202318352089.042.74$17,717
Aug 202316853780.522.67$14,963
Jul 202317650074.852.64$14,495
Jun 202316944368.962.26$12,655
May 202317745570.622.23$13,513
Apr 202316557778.122.24$14,181
Mar 202318063572.852.39$14,633
Feb 2023048575.112.47$1,196
Jan 202318357476.533.39$15,950
Dec 202218157076.415.73$17,096
Nov 202218560685.005.65$19,147
Oct 202218046987.185.86$18,443
Sep 202217938384.888.16$18,320
Aug 202234633694.529.13$35,771
Jul 2022336101101.587.54$34,893
Jun 202250433115.097.98$58,269
May 2022167378109.378.43$21,452
Apr 2022189363104.226.84$22,180
Mar 2022363249108.885.08$40,787
Feb 202235026891.054.86$33,170
Jan 202216130981.844.54$14,578
Dec 202134317471.323.90$25,141
Nov 20213353577.435.24$26,122
Oct 2021183079.795.71$14,602
Sep 20211712269.865.35$12,064
Aug 20210066.024.22$0
Jul 202118517470.783.98$13,787
Jun 2021018869.493.38$636
May 2021317063.483.02$703
Apr 20211711560.362.76$10,363
Mar 20210661.302.72$16
Feb 202102157.805.55$117
Jan 2021013750.412.81$385
Dec 202017117444.642.68$8,099
Nov 202002638.772.71$70
Oct 20200036.972.48$0
Sep 20202306337.091.99$8,656
Aug 20201696939.982.39$6,921
Jul 20201739538.371.83$6,811
Jun 2020163034.901.69$5,689
May 20200016.921.81$0
Apr 202001214.751.80$22
Mar 202017010330.341.86$5,349
Feb 202034526949.881.98$17,741
Jan 202034532457.252.09$20,430
Dec 201917229059.012.30$10,818
Nov 201935033855.302.75$20,285
Oct 201934530653.472.42$19,187
Sep 201934430055.052.66$19,734
Aug 201934241253.112.30$19,113
Jul 201934643756.272.46$20,544
Jun 201917419252.782.49$9,662
May 20191741858.482.74$10,225
Apr 201917360962.632.75$12,510
Mar 20193501556.803.06$19,926
Feb 201917138550.852.79$9,770
Jan 201935054846.033.23$17,880
Dec 201835139846.594.19$18,019
Nov 201835049452.934.24$20,619
Oct 201835285061.443.40$24,515
Sep 201852871059.543.11$33,644
Aug 201835250359.403.07$22,451
Jul 201853465765.142.93$36,711
Jun 201834445860.183.08$22,111
May 201852893165.382.90$37,221
Apr 201834586263.842.90$24,525
Mar 201835082661.222.79$23,729
Feb 201835062161.782.77$23,341
Jan 201818265262.874.01$14,056
Dec 201734990957.272.92$22,643
Nov 201752791555.423.12$32,060
Oct 201734650349.292.98$18,555
Sep 201734690147.523.09$19,224
Aug 201752196345.373.00$26,531
Jul 201734894643.873.09$18,187
Jun 201752060142.493.09$23,950
May 20173521,07045.373.26$19,462
Apr 20173471,05247.933.21$20,010
Mar 201734884446.772.98$18,794
Feb 201734176050.452.95$19,447
Jan 201752752649.413.42$27,837
Dec 2016522048.763.72$25,453
Nov 2016348042.492.64$14,787
Oct 2016522046.193.09$24,111
Sep 2016348041.553.10$14,459
Aug 2016519041.442.92$21,507
Jul 2016174041.622.92$7,242
Jun 201632652745.352.69$16,200
May 20165161,32642.521.99$24,580
Apr 201634799636.561.99$14,669
Mar 20165261,00033.011.79$19,157
Feb 201634537126.472.06$9,898
Jan 201633892527.352.36$11,431
Dec 20155211,02632.362.00$18,913
Nov 20155141,13238.792.17$22,391
Oct 20155231,34143.552.43$26,031
Sep 20153531,23642.992.76$18,585
Aug 20155261,10540.162.87$24,298
Jul 20155331,70048.152.95$30,671
Jun 201555556956.152.88$32,804
May 20155291,47155.212.96$33,554
Apr 20155301,19149.822.71$29,628
Mar 201553862342.892.93$24,903
Feb 20153571,02144.662.98$18,982
Jan 201572684543.433.10$34,150
Dec 20143591,02454.693.59$23,311
Nov 201453187270.464.25$41,122
Oct 20145381,33678.303.90$47,337
Sep 201471595886.164.05$65,480
Aug 20145301,29689.394.04$52,606
Jul 20145201,26896.564.18$55,511
Jun 20145391,12498.164.74$58,232
May 20145261,14494.734.73$55,235
Apr 20147501,50295.944.81$79,178
Mar 20144571,55295.895.06$51,670
Feb 20145371,24897.406.19$60,031
Jan 20143611,41590.404.86$39,512
Dec 20137301,28791.824.35$72,633
Nov 20133601,40488.853.74$37,235
Oct 20135381,27597.423.78$57,231
Sep 20137161,383104.113.72$79,684
Aug 20135371,481104.253.52$61,199
Jul 20137091,646102.523.72$78,806
Jun 20135151,63894.403.93$55,059
May 20138931,42094.834.15$90,575
Apr 20137341,66593.964.28$76,097
Mar 20135461,32093.623.91$56,282
Feb 20135431,23991.233.42$53,775
Jan 20137301,52791.603.42$72,090
Dec 20125371,38786.773.42$51,339
Nov 20127121,16986.953.62$66,146
Oct 201253894289.383.40$51,289
Sep 20125301,73394.672.92$55,233
Aug 20127031,74892.662.91$70,223
Jul 20127091,96885.133.02$66,302
Jun 20126981,61979.822.52$59,793
May 20127122,19891.612.49$70,696
Apr 20128922,421101.652.00$95,506
Mar 20125602,195105.052.22$63,705
Feb 20129112,397101.102.57$98,263
Jan 20129113,02398.092.73$97,625
Dec 20115482,79896.873.24$62,150
Nov 20117151,87895.723.31$74,658
Oct 20117091,92984.983.65$67,289
Sep 20117331,88983.623.99$68,823
Aug 20118812,51783.404.15$83,919
Jul 20115522,72894.144.52$64,288
Jun 20118851,35492.904.64$88,499
May 20119001,85598.134.40$96,488
Apr 20118971,716105.964.33$102,482
Mar 20117171,65896.364.06$75,817
Feb 201153586385.644.18$49,425
Jan 20111,0881,90286.504.59$102,840
Dec 201036184085.734.35$34,601
Nov 201034182180.843.80$30,682
Oct 201053194478.103.51$44,783
Sep 201052562772.633.98$40,626
Aug 201035357273.684.42$28,537
Jul 201053574072.554.74$42,319
Jun 201052659770.364.91$39,941
May 201034977271.124.24$28,090
Apr 20107051,06681.694.12$61,986
Mar 20107131,10278.394.39$60,728
Feb 201035597773.585.44$31,438
Jan 20103601,07874.365.96$33,199
Dec 200970780271.445.48$54,906
Nov 20095191,00874.593.75$42,494
Oct 20097011,29872.544.11$56,186
Sep 20095251,02165.543.06$37,538
Aug 200936110267.423.22$24,667
Jul 200952563561.133.46$34,293
Jun 20095271,10966.163.90$39,186
May 20093461,02354.743.93$22,956
Apr 20095301,12146.773.59$28,810
Mar 20097451,37642.144.06$36,979
Feb 20095431,10132.814.63$22,917
Jan 20095391,40335.865.37$26,864
Dec 20085471,20637.105.98$27,502
Nov 20087561,56655.496.86$52,694
Oct 20085431,75375.246.92$52,990
Sep 2008729850101.767.88$80,879
Aug 20089171,736114.228.48$119,466
Jul 20085551,542131.0811.39$90,312
Jun 20087251,484131.3313.03$114,555
May 20088321,257123.1711.57$117,026
Apr 20085121,364110.3110.45$70,739
Mar 20083581,426101.909.66$50,261
Feb 20085321,34692.538.77$61,031
Jan 20087051,34590.388.21$74,755
Dec 20077081,39288.337.30$72,702
Nov 20075261,17691.677.29$56,793
Oct 20073521,39682.856.92$38,826
Sep 20077081,59275.846.24$63,635
Aug 200734991269.066.39$29,928
Jul 200769873770.906.39$54,196
Jun 200770385062.007.55$50,002
May 200752497858.747.85$38,453
Apr 20076971,32559.617.81$51,890
Mar 20076961,29756.927.30$49,087
Feb 20077001,13755.108.22$47,912
Jan 20075481,21050.306.73$35,704
Dec 20067001,12356.656.92$47,424
Nov 20065271,08454.207.62$36,821
Oct 200652193154.906.01$34,202
Sep 20065141,08060.085.04$36,321
Aug 20065551,08868.717.34$46,120
Jul 20067081,08269.376.34$55,977
Jun 200653696666.286.38$41,693
May 20065311,13766.016.42$42,357
Apr 20063601,17164.397.36$31,800
Mar 20065421,10056.707.08$38,523
Feb 20065311,36057.597.75$41,122
Jan 20065451,47260.598.93$46,171
Dec 200571298754.9413.42$52,358
Nov 20055261,64954.6910.59$46,227
Oct 20055291,33158.3413.80$49,224
Sep 20056971,36661.4512.08$59,331
Aug 20053531,42061.519.80$35,625
Jul 20057071,52355.697.84$51,319
Jun 20055261,28152.337.38$36,981
May 20055211,51945.226.65$33,663
Apr 20055231,56549.207.36$37,251
Mar 20057161,54850.377.15$47,141
Feb 20055431,55545.226.31$34,370
Jan 20051801,45343.166.32$16,955
Dec 20045271,46139.866.75$30,870
Nov 20043561,73745.286.33$27,116
Oct 20047081,65849.706.52$45,990
Sep 20047011,32743.245.28$37,323
Aug 20045371,11942.375.55$28,964
Jul 20048741,25638.286.08$41,098
Jun 20047031,20036.106.43$33,098
May 20048721,15137.486.49$40,158
Apr 20046891,23834.475.86$31,003
Mar 20046831,54534.365.53$32,012
Feb 20046631,75432.455.51$31,178
Jan 20045101,98532.036.30$28,840
Dec 20038522,14130.266.30$39,273
Nov 20035102,05628.804.60$24,136
Oct 20036842,20628.174.76$29,768
Sep 20038612,21626.314.75$33,177
Aug 20038592,18629.765.13$36,777
Jul 20035152,25729.415.17$26,817
Jun 20035112,21528.565.98$27,846
May 20037032,36826.595.97$32,836
Apr 20038612,31626.675.41$35,486
Mar 20035061,92731.146.10$27,504
Feb 20036862,28533.487.93$41,078
Jan 20036962,47830.315.58$34,928
Dec 20028542,62426.914.85$35,717
Nov 20027052,57124.664.14$28,021
Oct 20028542,03226.464.23$31,190
Sep 20028712,28327.443.64$32,199
Aug 20026912,44225.963.16$25,665
Jul 20025082,52824.583.06$20,227
Jun 20028572,58523.733.34$28,966
May 20026892,52224.663.58$26,030
Apr 20026842,48923.653.51$24,919
Mar 20026782,79522.003.10$23,588
Feb 20027111,53118.222.38$16,592
Jan 20027171,64817.172.38$16,226
Dec 20017191,94716.932.36$16,776
Nov 20017112,12618.072.41$17,962
Oct 20015312,16919.782.53$15,988
Sep 20016971,81024.262.25$20,984
Aug 20018921,91224.873.05$28,022
Jul 20015371,93423.933.20$19,034
Jun 20017061,68624.563.82$23,787
May 20013601,92625.524.31$17,483
Apr 20016971,81524.685.34$26,886
Mar 20015101,99124.545.38$23,220
Feb 20016731,82027.755.77$29,172
Jan 20018362,12827.478.40$40,837
Dec 20005151,94226.889.12$31,559
Nov 20006701,96132.215.66$32,676
Oct 20006782,27331.235.15$32,870
Sep 20005122,27031.875.19$28,091
Aug 20005111,61729.644.54$22,488
Jul 20005031,57528.534.09$20,792
Jun 20003401,70229.304.40$17,446
May 20003411,73727.263.68$15,687
Apr 20003401,74224.513.12$13,761
Mar 20005921,67028.422.86$21,600
Feb 20003451,40227.622.73$13,351
Jan 20005171,69325.272.48$17,264
Dec 19993301,63224.282.42$11,968
Nov 19995071,12023.192.43$14,483
Oct 19995151,39320.982.80$14,710
Sep 19993441,42121.752.62$11,203
Aug 19993421,48119.262.88$10,846
Jul 19993391,15117.892.37$8,795
Jun 19993371,33415.942.36$8,523
May 19991651,34115.792.32$5,718
Apr 19993421,34415.102.21$8,132
Mar 19993431,35012.471.84$6,759
Feb 19991721,2049.981.82$3,905
Jan 19993411,21110.381.90$5,840
Dec 19981671,0279.201.77$3,358
Nov 19983431,50110.892.19$7,016
Oct 199801,13912.421.97$2,243
Sep 19983441,83912.592.08$8,161
Aug 19985181,80711.301.91$9,300
Jul 19981711,74611.742.24$5,914
Jun 19983431,55811.242.24$7,341
May 19983472,07312.622.21$8,953
Apr 199850650713.042.51$7,868
Mar 199833527912.802.31$4,932
Feb 19983381,90913.952.30$9,104
Jan 19985112,24714.702.15$12,354
Dec 19971772,08516.322.41$7,916
Nov 19973392,22518.193.09$13,038
Oct 19975172,12619.253.15$16,649
Sep 19973441,95217.742.95$11,870
Aug 19975232,43517.862.55$15,562
Jul 19971762,56517.582.25$8,857
Jun 19973412,60117.242.26$11,750
May 19973502,47418.972.31$12,351
Apr 19973451,80117.882.08$9,920
Mar 19973482,03118.951.94$10,533
Feb 19975101,77920.492.21$14,374
Jan 19971711,71623.483.54$10,089
Dec 19966762,10823.32$15,764
Nov 19961742,20621.97$3,823
Oct 19965282,14723.31$12,308
Sep 19963572,08222.22$7,933
Aug 19966212,15420.26$12,581
Jul 19961792,21219.55$3,499
Jun 19965192,25618.73$9,721
May 19963412,30619.43$6,626
Apr 19963642,28421.51$7,830
Mar 19965382,42719.38$10,426
Feb 19963452,00716.98$5,858
Jan 19965321,82017.07$9,081
Dec 19953402,19517.19$5,845
Nov 19955362,64516.00$8,576
Oct 19955162,93015.43$7,962
Sep 19955122,62016.18$8,284
Aug 19953382,81415.92$5,381
Jul 19955082,64415.24$7,742
Jun 19955042,80516.41$8,271
May 19954833,14417.56$8,481
Apr 19954983,27817.73$8,830
Mar 19955123,85216.44$8,417
Feb 19955033,25016.58$8,340
Jan 19955123,87215.92$8,151
Dec 19946773,88215.03$10,175
Nov 19943382,72415.90$5,374
Oct 19946742,45615.58$10,501
Sep 19945092,28515.29$7,783
Aug 19945071,13616.13$8,178
Jul 19945031,36917.56$8,833
Jun 19945042,12217.09$8,613
May 19946032,28015.88$9,576
Apr 19945012,38514.14$7,084
Mar 19943442,47312.46$4,286
Feb 19945062,24312.50$6,325
Jan 19946712,48912.66$8,495
Dec 19935092,37812.33$6,276
Nov 19935042,27514.49$7,303
Oct 19936772,25215.85$10,730
Sep 19935092,23715.03$7,650
Aug 19936932,28915.66$10,852
Jul 19935042,52715.46$7,792
Jun 19935122,48916.79$8,596
May 19935162,54917.68$9,123
Apr 19935032,62518.05$9,079
Mar 19935132,72118.14$9,306
Feb 19933562,38517.90$6,372
Jan 19937122,52316.93$12,054

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.

Apr 2026 — as filed, then multipliedworked
Oil                  161 bbl  × $ 98.93 =    $15,928
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $15,928

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/3202 is the state's own key, not one this site invented.