WATSON HEIRS "C"

Operated by PRUITT OIL & GAS (P-5 682020) in the MONTAGUE COUNTY REGULAR field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23814District 09Field 62528001OilCasinghead gasSaveExport
Value, all time
$121 k
Jan 1993 – May 2003
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
125
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 449 leases and 3,040 wells, and the rule below applies to all of them.

Discovered
1939-12-31
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition6,547 bbl$120,521
Casinghead gasProduction69 Mcf$51
Total$120,571

48 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 33.7676, -97.8462. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

33.76739, -97.84652 · 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
100.0%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
5,780 ft
3 wells filed one
Completion to plug
18.2 years
median over 3 wells

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 5,683 and 5,950 ft, median 5,780 ft, over the 3 wells that filed a depth.

Completions filed
Nov 1983 – Jan 1985
3 of 3 wells
Plug dates filed
Feb 1991 – Mar 2003
3 of 3 wells

Last completion to plug: a median of 18.2 years across the 3 wells that filed both dates, with the middle half between 12.8 years and 18.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-3373219015,950 ftJan 1985Mar 2003Yes
42-3370033435,780 ftMar 1984Mar 2003Yes
42-3378281625,683 ftNov 1983Feb 1991Yes

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 (125)

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

125 months

May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 200331031.146.10$965
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 200277026.914.85$2,072
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 2002146024.583.06$3,589
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 2002163022.003.10$3,586
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 2001152019.782.53$3,007
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 2001172025.524.31$4,389
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 2001167027.478.40$4,587
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 2000147028.534.09$4,194
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 2000134028.422.86$3,808
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 1999153023.192.43$3,548
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 1999141017.892.37$2,522
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 1999150012.471.84$1,871
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 199846112.592.08$581
Aug 199839111.301.91$443
Jul 199836111.742.24$425
Jun 199892111.242.24$1,036
May 19980112.622.21$2
Apr 199848113.042.51$628
Mar 199846112.802.31$591
Feb 199844113.952.30$616
Jan 1998103114.702.15$1,516
Dec 19970116.322.41$2
Nov 199751118.193.09$931
Oct 199752119.253.15$1,004
Sep 199749117.742.95$872
Aug 199752117.862.55$931
Jul 199751117.582.25$899
Jun 199757117.242.26$985
May 199754118.972.31$1,027
Apr 199769117.882.08$1,236
Mar 199749118.951.94$930
Feb 199777120.492.21$1,580
Jan 199765123.483.54$1,530
Dec 199671123.32$1,656
Nov 199685121.97$1,867
Oct 1996134123.31$3,124
Sep 19960122.22$0
Aug 199662120.26$1,256
Jul 199675119.55$1,466
Jun 199667118.73$1,255
May 199662119.43$1,205
Apr 199679121.51$1,699
Mar 199664119.38$1,240
Feb 199672116.98$1,223
Jan 199641117.07$700
Dec 199596117.19$1,650
Nov 199571116.00$1,136
Oct 199588115.43$1,358
Sep 199566116.18$1,068
Aug 199578115.92$1,242
Jul 199571115.24$1,082
Jun 199584116.41$1,378
May 199579117.56$1,387
Apr 199570117.73$1,241
Mar 199558116.44$954
Feb 199598116.58$1,625
Jan 199573115.92$1,162
Dec 199483115.03$1,247
Nov 199494115.90$1,495
Oct 199476115.58$1,184
Sep 199490115.29$1,376
Aug 199486116.13$1,387
Jul 199492117.56$1,616
Jun 199477117.09$1,316
May 199477115.88$1,223
Apr 199468114.14$962
Mar 199485112.46$1,059
Feb 199483112.50$1,038
Jan 199496112.66$1,215
Dec 199388112.33$1,085
Nov 199384114.49$1,217
Oct 199390115.85$1,427
Sep 199386115.03$1,293
Aug 199387115.66$1,362
Jul 199396115.46$1,484
Jun 199385116.79$1,427
May 199391117.68$1,609
Apr 199390118.05$1,625
Mar 199398118.14$1,778
Feb 199389117.90$1,593
Jan 199399116.93$1,676

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.

Mar 2003 — as filed, then multipliedworked
Oil                   31 bbl  × $ 31.14 =       $965
Casinghead gas         0 Mcf  × $  6.10 =         $0

────────────────────────────────────────────────────
Month total                                     $965

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/23814 is the state's own key, not one this site invented.