WALTON, J. B.

Operated by PETX OPERATING LLC (P-5 102221) 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 3249District 08Field 49038001Hydrogen sulphide fieldNGPA filingOilCasinghead gasSaveExport
Value, all time
$12.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$258 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
NGPA3none

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
OilDisposition250,314 bbl$11,379,780
Casinghead gasProduction219,252 Mcf$720,355
Total$12,100,136

61,209 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 (16)

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 31.8778, -103.1292. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.87788, -103.12913 · 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
18.8%
3 of 16 wells
With a plug date
12.5%
2 of 16 wells
Median depth
2,976 ft
10 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
318.8%
A plug date is filed
212.5%
BothOn the schedule and plugged. Neither fact cancels the other.
212.5%
NeitherNo plug date, and not on the schedule.
1381.3%

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, 10 of 16 wells. Median 2,976 ft, with the middle half between 2,960 and 3,168 ft; the shallowest is 2,950 ft and the deepest 3,280 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, 3 of 16 wells, Sep 1981 – Jan 2014. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Sep 1981 – Jan 2014
3 of 16 wells; 13 filed none
Plug dates filed
May 2011 – Mar 2014
2 of 16 wells; 14 filed none

16 wells

42-495027591W2,980 ftMar 2014Yes
42-4950276316C2,978 ftMay 2011Yes
42-49502781143,280 ftYes
42-495027626W2,950 ft
42-4950276415
42-4950276710W2,960 ft
42-49502768112,960 ft
42-4950276913
42-4950277012
42-495027719
42-495027735
42-495027744
42-4950277923,230 ft
42-4950276682,950 ftJan 2014
42-4950276132,974 ftJan 2014
42-4950277273,244 ftSep 1981

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 2026336098.932.87$33,240
Mar 2026348089.753.15$31,233
Feb 2026171063.503.75$10,859
Jan 2026352059.138.00$20,814
Dec 2025343056.664.41$19,434
Nov 2025358058.593.93$20,975
Oct 2025345059.383.30$20,486
Sep 2025516062.743.08$32,374
Aug 2025352063.933.01$22,503
Jul 2025345066.743.32$23,025
Jun 2025345066.483.13$22,936
May 2025352060.553.23$21,314
Apr 2025348062.363.54$21,701
Mar 2025248067.704.27$16,790
Feb 2025355070.884.34$25,162
Jan 2025355074.324.28$26,384
Dec 2024347068.993.12$23,940
Nov 2024347069.052.20$23,960
Oct 2024528071.372.28$37,683
Sep 2024350069.612.36$24,364
Aug 2024365075.632.06$27,605
Jul 2024539079.932.15$43,082
Jun 2024354078.082.63$27,640
May 2024351078.812.20$27,662
Apr 2024538084.451.66$45,434
Mar 2024351080.301.55$28,185
Feb 2024532076.091.78$40,480
Jan 2024353073.023.30$25,776
Dec 2023511071.262.61$36,414
Nov 2023339077.892.81$26,405
Oct 2023516085.443.09$44,087
Sep 2023348089.042.74$30,986
Aug 2023558080.522.67$44,930
Jul 2023331074.852.64$24,775
Jun 2023539068.962.26$37,169
May 2023347070.622.23$24,505
Apr 2023556078.122.24$43,435
Mar 2023361072.852.39$26,299
Feb 2023367075.112.47$27,565
Jan 2023505076.533.39$38,648
Dec 2022182076.415.73$13,907
Nov 2022696085.005.65$59,160
Oct 2022176087.185.86$15,344
Sep 2022530084.888.16$44,986
Aug 2022352094.529.13$33,271
Jul 20225240101.587.54$53,228
Jun 20223360115.097.98$38,670
May 20225260109.378.43$57,529
Apr 20223370104.226.84$35,122
Mar 20225180108.885.08$56,400
Feb 2022365091.054.86$33,233
Jan 2022368081.844.54$30,117
Dec 2021543071.323.90$38,727
Nov 2021524077.435.24$40,573
Oct 2021337079.795.71$26,889
Sep 2021519069.865.35$36,257
Aug 2021532066.024.22$35,123
Jul 2021354070.783.98$25,056
Jun 2021536069.493.38$37,247
May 2021355063.483.02$22,535
Apr 2021532060.362.76$32,112
Mar 2021524061.302.72$32,121
Feb 2021353057.805.55$20,403
Jan 2021352050.412.81$17,744
Dec 2020364044.642.68$16,249
Nov 2020176038.772.71$6,824
Oct 2020354036.972.48$13,087
Sep 2020535037.091.99$19,843
Aug 2020355039.982.39$14,193
Jul 2020350038.371.83$13,430
Jun 2020884034.901.69$30,852
May 20200016.921.81$0
Apr 2020703014.751.80$10,369
Mar 2020355030.341.86$10,771
Feb 2020524049.881.98$26,137
Jan 2020354057.252.09$20,267
Dec 2019535059.012.30$31,570
Nov 2019530055.302.75$29,309
Oct 2019350053.472.42$18,715
Sep 2019697055.052.66$38,370
Aug 2019346053.112.30$18,376
Jul 2019355056.272.46$19,976
Jun 2019523052.782.49$27,604
May 2019504058.482.74$29,474
Apr 2019514062.632.75$32,192
Mar 2019167056.803.06$9,486
Feb 2019532050.852.79$27,052
Jan 2019547046.033.23$25,178
Dec 2018706046.594.19$32,893
Nov 2018535052.934.24$28,318
Oct 20183585461.443.40$22,179
Sep 2018536459.543.11$31,926
Aug 2018345059.403.07$20,493
Jul 2018376365.142.93$24,501
Jun 2018374060.183.08$22,507
May 2018177065.382.90$11,572
Apr 2018356063.842.90$22,727
Mar 2018357061.222.79$21,856
Feb 2018179261.782.77$11,064
Jan 2018349262.874.01$21,950
Dec 2017187057.272.92$10,709
Nov 20173551155.423.12$19,708
Oct 2017347049.292.98$17,104
Sep 2017173047.523.09$8,221
Aug 20171836045.373.00$8,483
Jul 201718424443.873.09$8,825
Jun 201736416942.493.09$15,988
May 201718235745.373.26$9,422
Apr 201735731647.933.21$18,126
Mar 201736328346.772.98$17,822
Feb 201735816450.452.95$18,545
Jan 201735913749.413.42$18,207
Dec 201654516448.763.72$27,185
Nov 201636116542.492.64$15,775
Oct 201653412746.193.09$25,058
Sep 20163643641.553.10$15,236
Aug 20163651641.442.92$15,172
Jul 20165253741.622.92$21,959
Jun 201636111345.352.69$16,675
May 201653313642.521.99$22,934
Apr 201635910436.561.99$13,332
Mar 201652811633.011.79$17,637
Feb 201653357126.472.06$15,287
Jan 201636267727.352.36$11,501
Dec 201553756332.362.00$18,504
Nov 201555032138.792.17$22,030
Oct 201553424643.552.43$23,853
Sep 201553623942.992.76$23,702
Aug 201554822340.162.87$22,648
Jul 201554525348.152.95$26,987
Jun 201536032056.152.88$21,137
May 201553237355.212.96$30,474
Apr 201573035649.822.71$37,332
Mar 201536731642.892.93$16,668
Feb 201553133644.662.98$24,714
Jan 201571639643.433.10$32,324
Dec 201437744454.693.59$22,213
Nov 201455040370.464.25$40,466
Oct 201435636378.303.90$29,291
Sep 201453137986.164.05$47,284
Aug 201471752389.394.04$66,203
Jul 201435359196.564.18$36,556
Jun 201455751398.164.74$57,105
May 201454439394.734.73$53,391
Apr 201455650895.944.81$55,786
Mar 201454449595.895.06$54,667
Feb 201453731197.406.19$54,230
Jan 201455848390.404.86$52,791
Dec 201354246891.824.35$51,804
Nov 201355445788.853.74$50,931
Oct 201354834997.423.78$54,705
Sep 2013558370104.113.72$59,469
Aug 2013538345104.253.52$57,302
Jul 2013360212102.523.72$37,695
Jun 201353943094.403.93$52,573
May 201335850294.834.15$36,032
Apr 201355140093.964.28$53,485
Mar 201355351393.623.91$53,779
Feb 201355447291.233.42$52,156
Jan 201354844391.603.42$51,712
Dec 201255348086.773.42$49,625
Nov 201253841986.953.62$48,298
Oct 201255139689.383.40$50,595
Sep 201255544694.672.92$53,843
Aug 201254234892.662.91$51,234
Jul 201254237085.133.02$47,258
Jun 201254147179.822.52$44,369
May 201254843591.612.49$51,285
Apr 2012547434101.652.00$56,469
Mar 2012553441105.052.22$59,073
Feb 2012548398101.102.57$56,426
Jan 201271242698.092.73$71,005
Dec 201153639796.873.24$53,209
Nov 201137544895.723.31$37,378
Oct 201154345184.983.65$47,790
Sep 201155239683.623.99$47,737
Aug 201171840383.404.15$61,553
Jul 201153745694.144.52$52,613
Jun 201154544092.904.64$52,672
May 201153644998.134.40$54,575
Apr 2011722407105.964.33$78,267
Mar 201153839696.364.06$53,448
Feb 201154132685.644.18$47,694
Jan 201172240386.504.59$64,302
Dec 201072248085.734.35$63,984
Nov 201053357280.843.80$45,259
Oct 201072856878.103.51$58,850
Sep 201054052272.633.98$41,297
Aug 201071360973.684.42$55,225
Jul 201052763872.554.74$41,256
Jun 201070660970.364.91$52,665
May 201070964971.124.24$53,173
Apr 201035168181.694.12$31,481
Mar 201089062578.394.39$72,510
Feb 201053039373.585.44$41,136
Jan 201053444874.365.96$42,380
Dec 200954146571.445.48$41,199
Nov 200970152774.593.75$54,265
Oct 200971055272.544.11$53,772
Sep 200952554265.543.06$36,070
Aug 200952312467.423.22$35,660
Jul 200952534261.133.46$33,278
Jun 200969657366.163.90$48,279
May 200954858254.743.93$32,282
Apr 200936662046.773.59$19,342
Mar 200973059742.144.06$33,185
Feb 200957754832.814.63$21,470
Jan 200974164135.865.37$30,015
Dec 200858771737.105.98$26,063
Nov 200858151555.496.86$35,773
Oct 200857270875.246.92$47,938
Sep 2008386414101.767.88$42,540
Aug 2008572570114.228.48$70,169
Jul 2008773714131.0811.39$109,457
Jun 2008397621131.3313.03$60,231
May 2008776634123.1711.57$102,918
Apr 2008584186110.3110.45$66,366
Mar 2008775218101.909.66$81,079
Feb 200858335092.538.77$57,015
Jan 200835540090.388.21$35,367
Dec 200776534588.337.30$70,092
Nov 200757640991.677.29$55,784
Oct 200793344182.856.92$80,352
Sep 200777349675.846.24$61,721
Aug 200756344869.066.39$41,743
Jul 200796260170.906.39$72,045
Jun 200758160862.007.55$40,611
May 200770538958.747.85$44,464
Apr 200775240259.617.81$47,964
Mar 200753830356.927.30$32,835
Feb 200755930255.108.22$33,282
Jan 200754727550.306.73$29,364
Dec 200658164656.656.92$37,383
Nov 200636562654.207.62$24,552
Oct 200674061154.906.01$44,300
Sep 200635334160.085.04$22,926
Aug 200653959068.717.34$41,365
Jul 200635842869.376.34$27,549
Jun 200653847966.286.38$38,717
May 200653958466.016.42$39,332
Apr 200654958964.397.36$39,685
Mar 200672765856.707.08$45,881
Feb 200655454857.597.75$36,152
Jan 200654876160.598.93$40,002
Dec 200554664954.9413.42$38,704
Nov 200571645454.6910.59$43,965
Oct 200555948558.3413.80$39,303
Sep 200553650261.4512.08$39,001
Aug 200555850361.519.80$39,250
Jul 200554446655.697.84$33,951
Jun 200573848852.337.38$42,221
May 200537841245.226.65$19,833
Apr 200538239149.207.36$21,672
Mar 200556139150.377.15$31,055
Feb 200556333445.226.31$27,567
Jan 200554844943.166.32$26,490
Dec 200456437539.866.75$25,013
Nov 200457423245.286.33$27,459
Oct 200456756949.706.52$31,887
Sep 200456758443.245.28$27,603
Aug 20045672542.375.55$24,163
Jul 200457137038.286.08$24,109
Jun 200455755036.106.43$23,646
May 200418777837.486.49$12,062
Apr 200456885134.475.86$24,565
Mar 20045741,04034.365.53$25,474
Feb 200457998332.455.51$24,205
Jan 20045851,16532.036.30$26,077
Dec 20035761,15330.266.30$24,696
Nov 20035921,14828.804.60$22,325
Oct 20037541,08128.174.76$26,385
Sep 20037661,14326.314.75$25,582
Aug 20033591,24529.765.13$17,070
Jul 20037181,15529.415.17$27,089
Jun 20035311,28428.565.98$22,847
May 20037201,32826.595.97$27,077
Apr 200355197326.675.41$19,956
Mar 200371390731.146.10$27,732
Feb 200373867633.487.93$30,066
Jan 20035411,28230.315.58$23,554
Dec 20029041,17726.914.85$30,040
Nov 20027261,06724.664.14$22,317
Oct 20027281,18526.464.23$24,274
Sep 200271861227.443.64$21,927
Aug 2002730025.963.16$18,951
Jul 20028961,26524.583.06$25,897
Jun 20025431,54223.733.34$18,033
May 20027211,68724.663.58$23,826
Apr 20027251,14323.653.51$21,161
Mar 20027191,22722.003.10$19,625
Feb 20027231,54218.222.38$16,836
Jan 20027361,72317.172.38$16,730
Dec 20017361,77616.932.36$16,660
Nov 20017542,19918.072.41$18,915
Oct 20017301,77119.782.53$18,918
Sep 20017251,63424.262.25$21,267
Aug 20017322,33024.873.05$25,319
Jul 20019032,51923.933.20$29,662
Jun 20017202,13824.563.82$25,859
May 20018982,25925.524.31$32,647
Apr 20017442,32724.685.34$30,777
Mar 20019342,45824.545.38$36,136
Feb 20017412,03927.755.77$32,322
Jan 20011,0971,47127.478.40$42,489
Dec 20005611,36026.889.12$27,486
Nov 20009221,21332.215.66$36,561
Oct 20009311,26531.235.15$35,584
Sep 20007461,06131.875.19$29,278
Aug 20009061,19529.644.54$32,280
Jul 200073571228.534.09$23,881
Jun 200073938029.304.40$23,324
May 200092856727.263.68$27,384
Apr 200075855424.513.12$20,305
Mar 200090654228.422.86$27,299
Feb 200091353527.622.73$26,676
Jan 20001,04154825.272.48$27,665
Dec 199968146524.282.42$17,662
Nov 199985348223.192.43$20,954
Oct 199985954820.982.80$19,558
Sep 19991,01349721.752.62$23,334
Aug 199969945419.262.88$14,768
Jul 199986844117.892.37$16,575
Jun 199986542815.942.36$14,799
May 19991,03058815.792.32$17,628
Apr 199934556515.102.21$6,457
Mar 199986256612.471.84$11,790
Feb 19993445049.981.82$4,349
Jan 1999050410.381.90$958
Dec 199817209.201.77$1,582
Nov 1998384010.892.19$4,182
Oct 1998380012.421.97$4,720
Sep 1998574112.592.08$7,229
Aug 199895854111.301.91$11,857
Jul 19989511,54511.742.24$14,621
Jun 19987541,02411.242.24$10,766
May 199876068312.622.21$11,098
Apr 19981,13811313.042.51$15,123
Mar 199887310012.802.31$11,405
Feb 199893459213.952.30$14,390
Jan 19989581,00514.702.15$16,248
Dec 19979511,04716.322.41$18,045
Nov 19979741,16818.193.09$21,324
Oct 199796479019.253.15$21,045
Sep 199775983917.742.95$15,944
Aug 199796289217.862.55$19,460
Jul 19971,13884017.582.25$21,893
Jun 199795679017.242.26$18,265
May 199797476118.972.31$20,234
Apr 199796278717.882.08$18,840
Mar 19971,15399418.951.94$23,777
Feb 19977941,31720.492.21$19,174
Jan 19971,5161,48123.483.54$40,838
Dec 19967481,47323.32$17,443
Nov 19969811,46421.97$21,553
Oct 19961,1661,69723.31$27,179
Sep 19961,3261,59622.22$29,464
Aug 19967581,59620.26$15,357
Jul 19961,1561,65219.55$22,600
Jun 19961,1401,62218.73$21,352
May 19961,1311,46119.43$21,975
Apr 19961,1451,51021.51$24,629
Mar 19961,1751,62819.38$22,772
Feb 19961,1761,68816.98$19,968
Jan 19961,2041,84817.07$20,552
Dec 19951,1651,70717.19$20,026
Nov 19951,1951,15716.00$19,120
Oct 19959841,34715.43$15,183
Sep 19951,1841,65616.18$19,157
Aug 19951,1701,90515.92$18,626
Jul 19951,1481,30715.24$17,496
Jun 19959411,36816.41$15,442
May 19951,0901,41117.56$19,140
Apr 19951,1502,01317.73$20,390
Mar 19951,1502,13216.44$18,906
Feb 19951,1541,63716.58$19,133
Jan 19951,1571,69415.92$18,419
Dec 19941,5081,81515.03$22,665
Nov 19947591,85315.90$12,068
Oct 19941,1351,84215.58$17,683
Sep 19941,1381,96515.29$17,400
Aug 19941,1371,89516.13$18,340
Jul 19949471,87217.56$16,629
Jun 19941,0931,58917.09$18,679
May 19941,1231,37215.88$17,833
Apr 19949501,77214.14$13,433
Mar 19941,1512,04412.46$14,341
Feb 19949622,22712.50$12,025
Jan 19941,11779612.66$14,141
Dec 199375911212.33$9,358
Nov 19931,14512514.49$16,591
Oct 19931,09812115.85$17,403
Sep 199391413815.03$13,737
Aug 19931,25612115.66$19,669
Jul 19931,29414015.46$20,005
Jun 199392813116.79$15,581
May 19931,13812217.68$20,120
Apr 19931,12712718.05$20,342
Mar 19931,31815218.14$23,909
Feb 199395013917.90$17,005
Jan 19931,32517016.93$22,432

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                  336 bbl  × $ 98.93 =    $33,240
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $33,240

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/3249 is the state's own key, not one this site invented.