WATERS, OLIVER N. "B"

Operated by LATIGO PETROLEUM, LLC (P-5 488260) in the LIPSCOMB (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 156738District 10Field 538692702 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.4 M
Oct 1995 – May 2026
Value, last 12 filed months
$22 k
at the published price for each month
Months reported
368
no gaps in the span
Streams
2
condensate, 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 1,389 leases and 1,486 wells, and the rule below applies to all of them.

Discovered
1958-05-24
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2013-08-06.

The Commission's schedule remark for this field reads: FIELD

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
High Cost Gas111996-03-11134538
NGPA1none

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
CondensateDisposition851 bbl$21,450
GasProduction769,894 Mcf$2,423,885
Total$2,445,335

184,363 Mcf of this lease's gas, across 15 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 36.1941, -100.3978. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.19409, -100.39780 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,250 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
00.0%
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.
1100.0%

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 8,250 ft.

Completions filed
Oct 1995
1 of 1 wells

1 well

42-2953225248,250 ftOct 1995

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 (368)

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

368 months

May 20260486106.413.05$1,480
Apr 2026047598.932.87$1,363
Mar 2026048989.753.15$1,540
Feb 2026044363.503.75$1,661
Jan 2026047759.138.00$3,815
Dec 2025048956.664.41$2,158
Nov 2025048158.593.93$1,889
Oct 2025049759.383.30$1,643
Sep 2025048662.743.08$1,495
Aug 2025050563.933.01$1,522
Jul 2025050466.743.32$1,671
Jun 2025048966.483.13$1,530
May 2025050560.553.23$1,632
Apr 2025048962.363.54$1,733
Mar 2025050567.704.27$2,156
Feb 2025042870.884.34$1,858
Jan 2025049574.324.28$2,118
Dec 2024051168.993.12$1,595
Nov 20240069.052.20$0
Oct 2024051371.372.28$1,170
Sep 2024049969.612.36$1,180
Aug 2024052075.632.06$1,073
Jul 2024052279.932.15$1,121
Jun 2024051478.082.63$1,354
May 2024056878.812.20$1,249
Apr 2024066884.451.66$1,108
Mar 20240080.301.55$0
Feb 2024022176.091.78$394
Jan 2024050973.023.30$1,679
Dec 2023051671.262.61$1,347
Nov 2023050077.892.81$1,404
Oct 2023054985.443.09$1,695
Sep 2023053589.042.74$1,463
Aug 2023055680.522.67$1,486
Jul 2023048874.852.64$1,289
Jun 2023033568.962.26$757
May 2023033270.622.23$740
Apr 2023032278.122.24$721
Mar 2023039972.852.39$955
Feb 2023036975.112.47$910
Jan 2023040776.533.39$1,379
Dec 2022041076.415.73$2,349
Nov 2022042485.005.65$2,394
Oct 2022044487.185.86$2,604
Sep 2022042384.888.16$3,453
Aug 2022044694.529.13$4,071
Jul 20220448101.587.54$3,379
Jun 20220435115.097.98$3,470
May 20220461109.378.43$3,888
Apr 20220445104.226.84$3,043
Mar 20220453108.885.08$2,300
Feb 2022040891.054.86$1,982
Jan 2022046881.844.54$2,124
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 2021046869.865.35$2,504
Aug 2021048966.024.22$2,064
Jul 2021046270.783.98$1,840
Jun 2021043169.493.38$1,457
May 2021046963.483.02$1,415
Apr 2021043160.362.76$1,189
Mar 2021051861.302.72$1,407
Feb 2021051657.805.55$2,863
Jan 2021055550.412.81$1,560
Dec 2020055844.642.68$1,493
Nov 2020058238.772.71$1,575
Oct 2020058236.972.48$1,442
Sep 2020056237.091.99$1,119
Aug 2020058739.982.39$1,400
Jul 2020058838.371.83$1,073
Jun 2020058834.901.69$994
May 2020061416.921.81$1,114
Apr 2020059414.751.80$1,072
Mar 2020062030.341.86$1,151
Feb 2020058949.881.98$1,167
Jan 2020067057.252.09$1,403
Dec 2019064559.012.30$1,486
Nov 2019060655.302.75$1,667
Oct 2019064553.472.42$1,560
Sep 2019064055.052.66$1,701
Aug 2019066253.112.30$1,525
Jul 2019074856.272.46$1,840
Jun 2019043552.782.49$1,084
May 2019046958.482.74$1,285
Apr 2019049462.632.75$1,359
Mar 2019053056.803.06$1,623
Feb 2019042550.852.79$1,187
Jan 2019047546.033.23$1,533
Dec 2018047946.594.19$2,005
Nov 2018045052.934.24$1,907
Oct 2018047961.443.40$1,628
Sep 2018046359.543.11$1,439
Aug 2018048159.403.07$1,475
Jul 2018055865.142.93$1,636
Jun 2018065760.183.08$2,022
May 2018068565.382.90$1,987
Apr 2018065463.842.90$1,897
Mar 2018069161.222.79$1,926
Feb 2018062261.782.77$1,721
Jan 2018068662.874.01$2,750
Dec 2017070357.272.92$2,054
Nov 2017068655.423.12$2,139
Oct 2017171749.292.98$2,189
Sep 2017070547.523.09$2,177
Aug 2017072445.373.00$2,175
Jul 2017072143.873.09$2,226
Jun 2017070042.493.09$2,161
May 2017072345.373.26$2,359
Apr 2017071647.933.21$2,300
Mar 2017074646.772.98$2,226
Feb 2017042950.452.95$1,267
Jan 2017076749.413.42$2,622
Dec 2016068148.763.72$2,535
Nov 2016094742.492.64$2,504
Oct 2016082346.193.09$2,543
Sep 2016072241.553.10$2,239
Aug 2016051841.442.92$1,515
Jul 2016079941.622.92$2,337
Jun 2016020545.352.69$551
May 2016088342.521.99$1,758
Apr 2016081936.561.99$1,631
Mar 2016089333.011.79$1,602
Feb 2016083626.472.06$1,725
Jan 2016098327.352.36$2,324
Dec 2015092732.362.00$1,855
Nov 2015046738.792.17$1,012
Oct 2015053743.552.43$1,303
Sep 2015030842.992.76$850
Aug 2015030940.162.87$888
Jul 2015071148.152.95$2,094
Jun 201501,06956.152.88$3,082
May 2015079855.212.96$2,358
Apr 2015090649.822.71$2,452
Mar 2015083242.892.93$2,442
Feb 2015081144.662.98$2,414
Jan 2015073243.433.10$2,270
Dec 2014076954.693.59$2,762
Nov 2014081170.464.25$3,448
Oct 2014097578.303.90$3,803
Sep 2014095286.164.05$3,851
Aug 2014098289.394.04$3,962
Jul 2014087196.564.18$3,640
Jun 2014089098.164.74$4,216
May 201401,01994.734.73$4,816
Apr 2014095595.944.81$4,593
Mar 2014099495.895.06$5,026
Feb 2014080197.406.19$4,960
Jan 201401,01390.404.86$4,924
Dec 201301,11391.824.35$4,847
Nov 201301,20988.853.74$4,520
Oct 201301,15297.423.78$4,354
Sep 201301,057104.113.72$3,930
Aug 201301,067104.253.52$3,759
Jul 201301,104102.523.72$4,104
Jun 201301,07394.403.93$4,221
May 201301,15694.834.15$4,796
Apr 201301,14093.964.28$4,882
Mar 201301,16593.623.91$4,558
Feb 201301,10891.233.42$3,789
Jan 201301,24491.603.42$4,254
Dec 201201,08886.773.42$3,721
Nov 2012098986.953.62$3,585
Oct 201201,00989.383.40$3,430
Sep 2012091094.672.92$2,656
Aug 2012092992.662.91$2,702
Jul 2012098385.133.02$2,969
Jun 2012087079.822.52$2,192
May 2012066991.612.49$1,665
Apr 20120772101.652.00$1,542
Mar 20120796105.052.22$1,769
Feb 201201,205101.102.57$3,097
Jan 201201,38698.092.73$3,789
Dec 201101,26996.873.24$4,111
Nov 201101,19395.723.31$3,950
Oct 201101,42284.983.65$5,188
Sep 2011040483.623.99$1,610
Aug 201101,16583.404.15$4,834
Jul 201101,25594.144.52$5,669
Jun 201101,21692.904.64$5,642
May 201101,27898.134.40$5,629
Apr 201101,290105.964.33$5,590
Mar 201101,42296.364.06$5,770
Feb 201101,11285.644.18$4,648
Jan 201101,39186.504.59$6,383
Dec 201001,44585.734.35$6,283
Nov 201001,46080.843.80$5,541
Oct 201001,45578.103.51$5,105
Sep 2010098272.633.98$3,908
Aug 201001,15773.684.42$5,113
Jul 2010060672.554.74$2,870
Jun 201001,04770.364.91$5,141
May 201001,41671.124.24$5,997
Apr 201001,31781.694.12$5,430
Mar 201001,46278.394.39$6,416
Feb 201001,45573.585.44$7,919
Jan 201001,50474.365.96$8,970
Dec 200901,47671.445.48$8,094
Nov 200901,43474.593.75$5,380
Oct 200901,62072.544.11$6,659
Sep 200901,42765.543.06$4,373
Aug 200901,44967.423.22$4,664
Jul 200901,48061.133.46$5,127
Jun 200901,35966.163.90$5,293
May 200901,23054.743.93$4,829
Apr 200901,48046.773.59$5,310
Mar 200901,39642.144.06$5,666
Feb 200901,35132.814.63$6,259
Jan 200901,44135.865.37$7,740
Dec 200801,49637.105.98$8,942
Nov 200801,43855.496.86$9,865
Oct 200801,50175.246.92$10,390
Sep 200801,525101.767.88$12,013
Aug 200801,533114.228.48$13,004
Jul 200801,619131.0811.39$18,439
Jun 200801,421131.3313.03$18,519
May 200801,383123.1711.57$16,007
Apr 200801,538110.3110.45$16,080
Mar 200801,503101.909.66$14,525
Feb 200801,41292.538.77$12,384
Jan 200801,71290.388.21$14,048
Dec 200701,67788.337.30$12,245
Nov 200701,56791.677.29$11,426
Oct 200701,79382.856.92$12,411
Sep 200702,13075.846.24$13,300
Aug 2007096669.066.39$6,171
Jul 200701,31570.906.39$8,400
Jun 200701,82662.007.55$13,783
May 200701,70158.747.85$13,347
Apr 200701,50759.617.81$11,762
Mar 200701,76056.927.30$12,851
Feb 200701,55955.108.22$12,809
Jan 200701,71950.306.73$11,563
Dec 200601,80756.656.92$12,502
Nov 200601,80654.207.62$13,757
Oct 200601,97154.906.01$11,853
Sep 200601,81460.085.04$9,137
Aug 200602,02168.717.34$14,834
Jul 200601,99969.376.34$12,679
Jun 200601,87866.286.38$11,989
May 200601,57266.016.42$10,100
Apr 200601,90364.397.36$14,007
Mar 200601,97556.707.08$13,989
Feb 200601,81057.597.75$14,030
Jan 200602,01960.598.93$18,036
Dec 200502,11754.9413.42$28,400
Nov 200501,69454.6910.59$17,937
Oct 200501,62158.3413.80$22,363
Sep 200501,85161.4512.08$22,358
Aug 200502,08561.519.80$20,426
Jul 200502,03755.697.84$15,977
Jun 200501,91752.337.38$14,149
May 200501,94545.226.65$12,937
Apr 200501,97949.207.36$14,566
Mar 200502,04950.377.15$14,660
Feb 20051681,86045.226.31$19,337
Jan 200502,07743.166.32$13,131
Dec 200402,15039.866.75$14,515
Nov 200402,15945.286.33$13,667
Oct 200402,29249.706.52$14,933
Sep 200402,14843.245.28$11,350
Aug 200402,12142.375.55$11,773
Jul 200402,15738.286.08$13,124
Jun 200402,16236.106.43$13,908
May 200402,19437.486.49$14,249
Apr 200402,05234.475.86$12,022
Mar 200402,32634.365.53$12,863
Feb 200402,23632.455.51$12,320
Jan 200402,27932.036.30$14,357
Dec 200302,38530.266.30$15,029
Nov 200302,19628.804.60$10,091
Oct 200302,41628.174.76$11,499
Sep 200302,27826.314.75$10,819
Aug 200302,46429.765.13$12,640
Jul 200302,51329.415.17$12,994
Jun 200302,29928.565.98$13,755
May 200302,58726.595.97$15,451
Apr 200302,54726.675.41$13,772
Mar 200302,70631.146.10$16,496
Feb 200302,29233.487.93$18,166
Jan 200302,43230.315.58$13,576
Dec 200202,53826.914.85$12,319
Nov 200202,61524.664.14$10,818
Oct 200202,98726.464.23$12,632
Sep 200202,67827.443.64$9,735
Aug 200202,69525.963.16$8,527
Jul 200202,68924.583.06$8,233
Jun 200202,64223.733.34$8,820
May 200202,74624.663.58$9,842
Apr 200202,65123.653.51$9,311
Mar 200202,73722.003.10$8,492
Feb 200202,39218.222.38$5,683
Jan 200202,76817.172.38$6,576
Dec 200102,80416.932.36$6,630
Nov 200102,81018.072.41$6,760
Oct 200102,93219.782.53$7,415
Sep 200102,87324.262.25$6,468
Aug 200102,98024.873.05$9,098
Jul 200103,03423.933.20$9,700
Jun 200102,97224.563.82$11,365
May 200103,14625.524.31$13,551
Apr 200103,03224.685.34$16,177
Mar 200103,33424.545.38$17,925
Feb 200102,61727.755.77$15,092
Jan 200103,09327.478.40$25,977
Dec 200003,19326.889.12$29,128
Nov 200003,25632.215.66$18,422
Oct 200003,58831.235.15$18,462
Sep 200004,23531.875.19$21,965
Aug 20001162,70529.644.54$15,721
Jul 200002,02428.534.09$8,278
Jun 200003,40229.304.40$14,959
May 200003,74727.263.68$13,788
Apr 200004,25824.513.12$13,268
Mar 200003,59128.422.86$10,269
Feb 200003,49227.622.73$9,521
Jan 200003,82525.272.48$9,488
Dec 199903,83824.282.42$9,302
Nov 199903,77623.192.43$9,191
Oct 199904,05120.982.80$11,358
Sep 199903,35621.752.62$8,789
Aug 199904,01919.262.88$11,557
Jul 199904,09417.892.37$9,712
Jun 199904,02815.942.36$9,515
May 199904,05615.792.32$9,414
Apr 199904,03215.102.21$8,903
Mar 199904,29312.471.84$7,892
Feb 199903,9839.981.82$7,240
Jan 19991954,51310.381.90$10,599
Dec 199803,4159.201.77$6,056
Nov 199804,49810.892.19$9,831
Oct 199804,38912.421.97$8,643
Sep 199804,52812.592.08$9,430
Aug 199804,95811.301.91$9,457
Jul 199805,54111.742.24$12,397
Jun 199805,80211.242.24$12,981
May 199805,45912.622.21$12,044
Apr 199805,19813.042.51$13,023
Mar 199806,14512.802.31$14,192
Feb 199804,53513.952.30$10,427
Jan 199815,00114.702.15$10,791
Dec 199705,03816.322.41$12,147
Nov 199705,24718.193.09$16,204
Oct 199705,46319.253.15$17,207
Sep 199705,57117.742.95$16,462
Aug 199705,87217.862.55$15,001
Jul 199705,53217.582.25$12,430
Jun 199705,64017.242.26$12,731
May 199706,80818.972.31$15,716
Apr 199706,00317.882.08$12,503
Mar 199706,96918.951.94$13,514
Feb 199706,69720.492.21$14,773
Jan 19971877,34523.483.54$30,390
Dec 199608,63323.32$0
Nov 199608,21321.97$0
Oct 199608,85923.31$0
Sep 199609,41722.22$0
Aug 1996010,26020.26$0
Jul 1996011,24619.55$0
Jun 1996011,52918.73$0
May 1996011,24319.43$0
Apr 199618311,03121.51$3,936
Mar 1996012,79019.38$0
Feb 1996013,60916.98$0
Jan 1996015,56717.07$0
Dec 1995018,14117.19$0
Nov 1995022,52516.00$0
Oct 1995011,30015.43$0

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  486 Mcf  × $  3.05 =     $1,480

────────────────────────────────────────────────────
Month total                                   $1,480

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. 10/G/156738 is the state's own key, not one this site invented.