WATSON, T. T.

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

Operated by CHOLLA PETROLEUM, INC. (P-5 150683) in the ALVORD (ATOKA CONGLOMERATE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 22360District 09Field 02143071NGPA filingOilCasinghead gasSave Export

Value, all time

$642 k

Jan 1993 – Oct 2007

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

178

no gaps in the span

Streams

oil, casinghead gas

The ALVORD (ATOKA CONGLOMERATE) 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 207 leases and 257 wells, and the rule below applies to all of them.

Discovered

1954-09-29

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 40 acres.

The Commission's schedule remark for this field reads: “OF 80 AC./ DIVIDED BY 80 AC.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Oil	Disposition	6,642 bbl	$139,228
Casinghead gas	Production	235,345 Mcf	$502,596
Total			$641,824

109,403 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 (3)

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 33.3126, -97.7024. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

33.31299, -97.70110 · 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%

3 of 3 wells

With a plug date

100.0%

3 of 3 wells

Median depth

6,045 ft

3 wells filed one

Completion to plug

8.9 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

3100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

3100.0%

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

Between 6,025 and 6,450 ft, median 6,045 ft, over the 3 wells that filed a depth.

Completions filed

Jun 1981

1 of 3 wells; 2 filed none

Plug dates filed

May 1990 – Mar 2016

3 of 3 wells

Last completion to plug: a median of 8.9 years across the 1 well that filed both dates, with the middle half between 8.9 years and 8.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-49701847	1 U	6,450 ft	—	Mar 2016	Yes
42-49732186	3	6,025 ft	—	Jun 2007	Yes
42-49732167	2	6,045 ft	Jun 1981	May 1990	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 (178)

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

178 months


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	65	0	62.00	7.55	$4,030
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	127	56.65	6.92	$879
Nov 2006	0	186	54.20	7.62	$1,417
Oct 2006	0	249	54.90	6.01	$1,497
Sep 2006	0	322	60.08	5.04	$1,622
Aug 2006	0	407	68.71	7.34	$2,987
Jul 2006	108	469	69.37	6.34	$10,467
Jun 2006	0	547	66.28	6.38	$3,492
May 2006	0	505	66.01	6.42	$3,245
Apr 2006	0	475	64.39	7.36	$3,496
Mar 2006	0	437	56.70	7.08	$3,095
Feb 2006	0	504	57.59	7.75	$3,907
Jan 2006	0	1,078	60.59	8.93	$9,630
Dec 2005	71	1,181	54.94	13.42	$19,744
Nov 2005	0	976	54.69	10.59	$10,334
Oct 2005	0	460	58.34	13.80	$6,346
Sep 2005	0	421	61.45	12.08	$5,085
Aug 2005	0	377	61.51	9.80	$3,693
Jul 2005	0	340	55.69	7.84	$2,667
Jun 2005	0	429	52.33	7.38	$3,166
May 2005	0	559	45.22	6.65	$3,718
Apr 2005	0	589	49.20	7.36	$4,335
Mar 2005	0	705	50.37	7.15	$5,044
Feb 2005	0	474	45.22	6.31	$2,992
Jan 2005	0	455	43.16	6.32	$2,877
Dec 2004	0	517	39.86	6.75	$3,490
Nov 2004	0	546	45.28	6.33	$3,456
Oct 2004	125	497	49.70	6.52	$9,451
Sep 2004	0	584	43.24	5.28	$3,086
Aug 2004	0	568	42.37	5.55	$3,153
Jul 2004	0	567	38.28	6.08	$3,450
Jun 2004	0	432	36.10	6.43	$2,779
May 2004	0	460	37.48	6.49	$2,988
Apr 2004	0	564	34.47	5.86	$3,304
Mar 2004	0	954	34.36	5.53	$5,276
Feb 2004	162	968	32.45	5.51	$10,590
Jan 2004	175	1,154	32.03	6.30	$12,875
Dec 2003	0	1,337	30.26	6.30	$8,425
Nov 2003	0	812	28.80	4.60	$3,731
Oct 2003	0	909	28.17	4.76	$4,327
Sep 2003	0	850	26.31	4.75	$4,037
Aug 2003	0	927	29.76	5.13	$4,755
Jul 2003	0	866	29.41	5.17	$4,478
Jun 2003	0	926	28.56	5.98	$5,540
May 2003	180	1,013	26.59	5.97	$10,837
Apr 2003	0	1,079	26.67	5.41	$5,834
Mar 2003	0	1,050	31.14	6.10	$6,401
Feb 2003	0	942	33.48	7.93	$7,466
Jan 2003	0	920	30.31	5.58	$5,135
Dec 2002	0	951	26.91	4.85	$4,616
Nov 2002	0	988	24.66	4.14	$4,087
Oct 2002	0	508	26.46	4.23	$2,148
Sep 2002	0	974	27.44	3.64	$3,541
Aug 2002	156	1,142	25.96	3.16	$7,663
Jul 2002	0	1,293	24.58	3.06	$3,959
Jun 2002	182	978	23.73	3.34	$7,584
May 2002	0	1,063	24.66	3.58	$3,810
Apr 2002	0	655	23.65	3.51	$2,301
Mar 2002	0	895	22.00	3.10	$2,777
Feb 2002	0	931	18.22	2.38	$2,212
Jan 2002	0	1,080	17.17	2.38	$2,566
Dec 2001	144	1,190	16.93	2.36	$5,252
Nov 2001	0	1,116	18.07	2.41	$2,685
Oct 2001	0	1,011	19.78	2.53	$2,557
Sep 2001	0	1,112	24.26	2.25	$2,503
Aug 2001	0	996	24.87	3.05	$3,041
Jul 2001	0	1,092	23.93	3.20	$3,491
Jun 2001	0	1,221	24.56	3.82	$4,669
May 2001	0	1,252	25.52	4.31	$5,393
Apr 2001	166	1,197	24.68	5.34	$10,483
Mar 2001	166	1,397	24.54	5.38	$11,585
Feb 2001	0	1,410	27.75	5.77	$8,132
Jan 2001	0	1,020	27.47	8.40	$8,567
Dec 2000	0	874	26.88	9.12	$7,973
Nov 2000	0	995	32.21	5.66	$5,630
Oct 2000	0	1,267	31.23	5.15	$6,519
Sep 2000	0	1,157	31.87	5.19	$6,001
Aug 2000	0	1,044	29.64	4.54	$4,741
Jul 2000	0	1,192	28.53	4.09	$4,875
Jun 2000	0	1,168	29.30	4.40	$5,136
May 2000	0	1,442	27.26	3.68	$5,306
Apr 2000	0	1,282	24.51	3.12	$3,995
Mar 2000	151	1,329	28.42	2.86	$8,092
Feb 2000	0	1,252	27.62	2.73	$3,414
Jan 2000	0	1,365	25.27	2.48	$3,386
Dec 1999	0	1,187	24.28	2.42	$2,877
Nov 1999	0	1,267	23.19	2.43	$3,084
Oct 1999	0	1,357	20.98	2.80	$3,805
Sep 1999	0	1,364	21.75	2.62	$3,572
Aug 1999	0	1,549	19.26	2.88	$4,454
Jul 1999	153	1,491	17.89	2.37	$6,274
Jun 1999	0	1,303	15.94	2.36	$3,078
May 1999	175	1,424	15.79	2.32	$6,068
Apr 1999	0	1,343	15.10	2.21	$2,965
Mar 1999	0	1,559	12.47	1.84	$2,866
Feb 1999	0	1,312	9.98	1.82	$2,385
Jan 1999	151	1,688	10.38	1.90	$4,775
Dec 1998	0	1,463	9.20	1.77	$2,594
Nov 1998	0	1,352	10.89	2.19	$2,955
Oct 1998	0	1,298	12.42	1.97	$2,556
Sep 1998	0	1,478	12.59	2.08	$3,078
Aug 1998	0	1,405	11.30	1.91	$2,680
Jul 1998	0	1,316	11.74	2.24	$2,944
Jun 1998	0	1,563	11.24	2.24	$3,497
May 1998	152	1,613	12.62	2.21	$5,477
Apr 1998	0	1,536	13.04	2.51	$3,848
Mar 1998	0	1,597	12.80	2.31	$3,688
Feb 1998	142	1,276	13.95	2.30	$4,915
Jan 1998	0	1,535	14.70	2.15	$3,308
Dec 1997	151	1,748	16.32	2.41	$6,679
Nov 1997	0	1,293	18.19	3.09	$3,993
Oct 1997	0	1,794	19.25	3.15	$5,651
Sep 1997	0	1,746	17.74	2.95	$5,159
Aug 1997	0	1,913	17.86	2.55	$4,887
Jul 1997	0	1,831	17.58	2.25	$4,114
Jun 1997	335	944	17.24	2.26	$7,906
May 1997	0	939	18.97	2.31	$2,168
Apr 1997	0	3,240	17.88	2.08	$6,748
Mar 1997	0	1,629	18.95	1.94	$3,159
Feb 1997	0	1,437	20.49	2.21	$3,170
Jan 1997	0	1,599	23.48	3.54	$5,660
Dec 1996	0	1,649	23.32	—	$0
Nov 1996	0	1,808	21.97	—	$0
Oct 1996	148	1,850	23.31	—	$3,450
Sep 1996	161	1,912	22.22	—	$3,577
Aug 1996	0	2,044	20.26	—	$0
Jul 1996	0	2,141	19.55	—	$0
Jun 1996	164	2,024	18.73	—	$3,072
May 1996	0	2,156	19.43	—	$0
Apr 1996	0	1,928	21.51	—	$0
Mar 1996	0	1,981	19.38	—	$0
Feb 1996	0	1,794	16.98	—	$0
Jan 1996	204	2,040	17.07	—	$3,482
Dec 1995	0	2,035	17.19	—	$0
Nov 1995	0	2,152	16.00	—	$0
Oct 1995	0	2,011	15.43	—	$0
Sep 1995	172	1,784	16.18	—	$2,783
Aug 1995	0	1,819	15.92	—	$0
Jul 1995	0	1,922	15.24	—	$0
Jun 1995	0	1,862	16.41	—	$0
May 1995	168	2,169	17.56	—	$2,950
Apr 1995	0	2,010	17.73	—	$0
Mar 1995	174	2,005	16.44	—	$2,861
Feb 1995	0	1,717	16.58	—	$0
Jan 1995	151	2,334	15.92	—	$2,404
Dec 1994	0	2,055	15.03	—	$0
Nov 1994	0	2,197	15.90	—	$0
Oct 1994	163	2,276	15.58	—	$2,540
Sep 1994	0	2,206	15.29	—	$0
Aug 1994	0	2,339	16.13	—	$0
Jul 1994	179	2,437	17.56	—	$3,143
Jun 1994	137	2,385	17.09	—	$2,341
May 1994	0	2,262	15.88	—	$0
Apr 1994	164	2,266	14.14	—	$2,319
Mar 1994	0	2,404	12.46	—	$0
Feb 1994	0	2,142	12.50	—	$0
Jan 1994	167	2,392	12.66	—	$2,114
Dec 1993	195	2,300	12.33	—	$2,404
Nov 1993	0	2,458	14.49	—	$0
Oct 1993	165	2,607	15.85	—	$2,615
Sep 1993	0	2,685	15.03	—	$0
Aug 1993	162	3,086	15.66	—	$2,537
Jul 1993	0	3,041	15.46	—	$0
Jun 1993	175	3,181	16.79	—	$2,938
May 1993	0	3,057	17.68	—	$0
Apr 1993	168	3,105	18.05	—	$3,032
Mar 1993	155	3,271	18.14	—	$2,812
Feb 1993	0	2,879	17.90	—	$0
Jan 1993	360	3,225	16.93	—	$6,095

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.

Jun 2007 — as filed, then multipliedworked

Oil                   65 bbl  × $ 62.00 =     $4,030
Casinghead gas         0 Mcf  × $  7.55 =         $0

────────────────────────────────────────────────────
Month total                                   $4,030

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. 09/O/22360 is the state's own key, not one this site invented.