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WALTER 24

Operated by PRESIDIO PETROLEUM LLC (P-5 676084) in the LIPSCOMB, S.E. (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 280850District 10Field 538782502 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.3 M
Apr 2016 – May 2026
Value, last 12 filed months
$475 k
at the published price for each month
Months reported
122
no gaps in the span
Streams
2
condensate, gas

The LIPSCOMB, S.E. (CLEVELAND) 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 468 leases and 529 wells, and the rule below applies to all of them.

Discovered
1983-12-21
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 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 2011-11-22.

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 Gas112018-04-18220795
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
CondensateDisposition125,266 bbl$6,560,180
GasProduction1,838,761 Mcf$5,711,041
Total$12,271,221

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 35.9400, -100.1724. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.94002, -100.17244 · 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
9,223 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 9,223 ft.

Completions filed
Apr 2016
1 of 1 wells

1 well

42-211355311H9,223 ftApr 2016——

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 (122)

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

122 months

May 20263735,282106.413.05$55,779
Apr 20263755,69498.932.87$53,439
Mar 20263764,61589.753.15$48,281
Feb 2026644,67663.503.75$21,601
Jan 20263634,63459.138.00$58,527
Dec 20253825,23256.664.41$44,735
Nov 20251885,06658.593.93$30,906
Oct 20251905,21259.383.30$28,507
Sep 20253804,96962.743.08$39,130
Aug 20251755,12563.933.01$26,638
Jul 20253644,97866.743.32$40,796
Jun 20251884,49666.483.13$26,565
May 20251794,72360.553.23$26,105
Apr 20252724,21062.363.54$31,878
Mar 20251995,37867.704.27$36,427
Feb 20254655,07170.884.34$54,972
Jan 20253695,33974.324.28$50,268
Dec 20241906,16168.993.12$32,339
Nov 20243896,38269.052.20$40,891
Oct 20243745,19071.372.28$38,533
Sep 20241905,70969.612.36$26,724
Aug 20243516,20475.632.06$39,349
Jul 20243565,85679.932.15$41,026
Jun 20242505,93278.082.63$35,145
May 20243756,10878.812.20$42,982
Apr 20243886,22084.451.66$43,087
Mar 20243906,52580.301.55$41,399
Feb 20243936,10276.091.78$40,787
Jan 20243936,32473.023.30$49,551
Dec 20231986,70971.262.61$31,625
Nov 20233876,50077.892.81$48,393
Oct 20233876,78785.443.09$54,019
Sep 20233826,63389.042.74$52,155
Aug 20233846,89180.522.67$49,339
Jul 20233626,98374.852.64$45,543
Jun 20233866,92968.962.26$42,268
May 20235797,21170.622.23$56,951
Apr 20231947,07178.122.24$30,978
Mar 20233837,11572.852.39$44,929
Feb 20234156,50675.112.47$47,212
Jan 20233907,09076.533.39$53,866
Dec 20223887,00476.415.73$69,774
Nov 20223917,38385.005.65$74,921
Oct 20223827,77787.185.86$78,905
Sep 20223747,56684.888.16$93,512
Aug 20223727,88694.529.13$107,138
Jul 20225647,986101.587.54$117,522
Jun 20223847,826115.097.98$106,624
May 20223778,192109.378.43$110,316
Apr 20223838,071104.226.84$95,103
Mar 20225748,203108.885.08$104,139
Feb 20223817,50491.054.86$71,151
Jan 20225738,40481.844.54$85,029
Dec 20213818,73971.323.90$61,247
Nov 20215778,59777.435.24$89,698
Oct 20213799,18879.795.71$82,739
Sep 20215678,46969.865.35$84,928
Aug 20213738,74166.024.22$61,518
Jul 20215737,17470.783.98$69,124
Jun 20213798,92969.493.38$56,522
May 20213859,30363.483.02$52,513
Apr 20215729,12760.362.76$59,702
Mar 20215709,78661.302.72$61,529
Feb 20215687,60857.805.55$75,039
Jan 20213739,65950.412.81$45,947
Dec 20207159,82244.642.68$58,196
Nov 20203559,48038.772.71$39,422
Oct 20207029,48036.972.48$49,448
Sep 20203587,47637.091.99$28,163
Aug 202070210,10139.982.39$52,158
Jul 202052110,41638.371.83$39,001
Jun 20208839,94934.901.69$47,634
May 202035510,36116.921.81$24,809
Apr 202053110,20314.751.80$26,242
Mar 202053210,68630.341.86$35,977
Feb 202070710,32749.881.98$55,720
Jan 202052811,26857.252.09$53,832
Dec 201988411,27959.012.30$78,156
Nov 201953411,02055.302.75$59,843
Oct 201988211,71753.472.42$75,499
Sep 201969811,04655.052.66$67,777
Aug 201952511,66653.112.30$54,765
Jul 201969911,80956.272.46$68,384
Jun 201970111,97852.782.49$66,838
May 201988712,60058.482.74$86,400
Apr 201970712,42562.632.75$78,457
Mar 201970713,11156.803.06$80,305
Feb 201988012,37650.852.79$79,305
Jan 201988913,99946.033.23$86,112
Dec 201888514,43846.594.19$101,662
Nov 201871614,37952.934.24$98,825
Oct 201888115,35761.443.40$106,313
Sep 201887315,17159.543.11$99,130
Aug 20181,05116,21759.403.07$112,160
Jul 201888916,55665.142.93$106,450
Jun 201888116,45860.183.08$103,659
May 20181,41617,45565.382.90$143,212
Apr 201853316,99363.842.90$83,320
Mar 20181,43517,58761.222.79$136,863
Feb 20181,07016,52761.782.77$111,820
Jan 20181,26118,86562.874.01$154,915
Dec 20171,24619,66857.272.92$128,819
Nov 20171,43419,53955.423.12$140,402
Oct 20171,25719,80049.292.98$121,034
Sep 20171,58819,70247.523.09$136,287
Aug 20171,05921,33045.373.00$112,131
Jul 20171,58922,63843.873.09$139,599
Jun 20171,58422,48142.493.09$136,709
May 20171,40623,16545.373.26$139,387
Apr 20172,12333,08647.933.21$208,014
Mar 20171,94737,30646.772.98$202,370
Feb 20171,94235,76750.452.95$203,580
Jan 20172,29241,99449.413.42$256,817
Dec 20163,02445,81648.763.72$318,015
Nov 20163,22349,49242.492.64$267,819
Oct 20163,93756,19946.193.09$355,520
Sep 20163,96460,91141.553.10$353,567
Aug 20165,54278,90741.442.92$460,411
Jul 20168,00295,43141.622.92$612,116
Jun 20168,00079,36945.352.69$575,972
May 201610,04185,23842.521.99$596,656
Apr 20168,06571,36436.561.99$436,945

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           373 bbl  × $106.41 =    $39,691
Gas                5,282 Mcf  × $  3.05 =    $16,088

────────────────────────────────────────────────────
Month total                                  $55,779

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/280850 is the state's own key, not one this site invented.