WATTERS, W. L.

Operated by BORGER RESOURCES 4 LLC (P-5 83237) in the PANHANDLE, WEST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 43243District 10Field 68831001NGPA filingGasSaveExport
Value, all time
$977 k
Jan 1993 – May 2026
Value, last 12 filed months
$41 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
1
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 4,532 leases and 4,532 wells, and the rule below applies to all of them.

Discovered
1933-02-08
as the register files it
Field class
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 160 acres. The field rule took effect on 2013-11-12.

The Commission's schedule remark for this field reads: IS HEREBY SUSPENDED.

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
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
GasProduction272,567 Mcf$976,874
Total$976,874

36,746 Mcf of this lease's gas, across 46 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 35.9030, -101.4235. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.90302, -101.42351 · 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
3,150 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 3,150 ft.

Completions filed
Jan 1968
1 of 1 wells

1 well

42-2338065613,150 ftJan 1968

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 20261,000106.413.05$3,046
Apr 202695898.932.87$2,749
Mar 202696989.753.15$3,052
Feb 202685863.503.75$3,218
Jan 202687059.138.00$6,958
Dec 202587256.664.41$3,848
Nov 202587458.593.93$3,432
Oct 202593359.383.30$3,083
Sep 202590762.743.08$2,791
Aug 202595663.933.01$2,882
Jul 202594066.743.32$3,116
Jun 202599466.483.13$3,110
May 20251,01760.553.23$3,287
Apr 202596662.363.54$3,423
Mar 202586767.704.27$3,701
Feb 202577170.884.34$3,347
Jan 202591074.324.28$3,894
Dec 202499668.993.12$3,109
Nov 202433069.052.20$725
Oct 202479871.372.28$1,821
Sep 2024069.612.36$0
Aug 202488075.632.06$1,816
Jul 202498779.932.15$2,119
Jun 202479278.082.63$2,086
May 202497178.812.20$2,135
Apr 202492584.451.66$1,535
Mar 20241,03580.301.55$1,599
Feb 202485376.091.78$1,521
Jan 202473673.023.30$2,427
Dec 202385071.262.61$2,219
Nov 202381677.892.81$2,291
Oct 202378685.443.09$2,427
Sep 202386789.042.74$2,371
Aug 202389080.522.67$2,379
Jul 202386274.852.64$2,277
Jun 202387168.962.26$1,967
May 202393070.622.23$2,071
Apr 202315678.122.24$349
Mar 202356972.852.39$1,362
Feb 202369775.112.47$1,719
Jan 202366476.533.39$2,249
Dec 202268376.415.73$3,913
Nov 202271385.005.65$4,026
Oct 202274887.185.86$4,386
Sep 202264484.888.16$5,257
Aug 202277294.529.13$7,046
Jul 2022803101.587.54$6,056
Jun 2022741115.097.98$5,911
May 2022874109.378.43$7,370
Apr 2022795104.226.84$5,436
Mar 2022251108.885.08$1,274
Feb 202255091.054.86$2,672
Jan 202270681.844.54$3,204
Dec 202170071.323.90$2,729
Nov 202167777.435.24$3,545
Oct 202173279.795.71$4,183
Sep 202172869.865.35$3,895
Aug 202172066.024.22$3,039
Jul 202142470.783.98$1,688
Jun 202146269.493.38$1,562
May 202187563.483.02$2,640
Apr 202183960.362.76$2,314
Mar 20211,01661.302.72$2,760
Feb 202146257.805.55$2,563
Jan 202167950.412.81$1,908
Dec 202071844.642.68$1,921
Nov 202072938.772.71$1,973
Oct 202078936.972.48$1,955
Sep 202076437.091.99$1,521
Aug 202076539.982.39$1,825
Jul 202066638.371.83$1,216
Jun 202064234.901.69$1,085
May 202079716.921.81$1,446
Apr 202071114.751.80$1,283
Mar 202084030.341.86$1,559
Feb 202085249.881.98$1,688
Jan 2020057.252.09$0
Dec 2019059.012.30$0
Nov 2019055.302.75$0
Oct 201930953.472.42$747
Sep 201970455.052.66$1,871
Aug 201970953.112.30$1,634
Jul 201960956.272.46$1,498
Jun 201975052.782.49$1,868
May 201978558.482.74$2,151
Apr 201973262.632.75$2,014
Mar 201976256.803.06$2,333
Feb 201966050.852.79$1,843
Jan 201968846.033.23$2,221
Dec 201865446.594.19$2,737
Nov 201866452.934.24$2,814
Oct 201870361.443.40$2,389
Sep 201853659.543.11$1,666
Aug 201870959.403.07$2,174
Jul 201878665.142.93$2,304
Jun 201876060.183.08$2,338
May 201879665.382.90$2,309
Apr 201874863.842.90$2,170
Mar 201876261.222.79$2,124
Feb 201874361.782.77$2,055
Jan 201880262.874.01$3,215
Dec 201774857.272.92$2,185
Nov 201778155.423.12$2,435
Oct 201775149.292.98$2,241
Sep 201772147.523.09$2,226
Aug 201779145.373.00$2,376
Jul 201773743.873.09$2,275
Jun 201780542.493.09$2,485
May 201745745.373.26$1,491
Apr 201777147.933.21$2,476
Mar 201774646.772.98$2,226
Feb 201765150.452.95$1,922
Jan 201798149.413.42$3,354
Dec 201658248.763.72$2,167
Nov 20164242.492.64$111
Oct 201647046.193.09$1,452
Sep 201672341.553.10$2,242
Aug 201670841.442.92$2,070
Jul 201615041.622.92$439
Jun 2016045.352.69$0
May 2016042.521.99$0
Apr 201626836.561.99$534
Mar 201661233.011.79$1,098
Feb 201668326.472.06$1,409
Jan 201678827.352.36$1,863
Dec 201581932.362.00$1,639
Nov 201553838.792.17$1,166
Oct 201560943.552.43$1,478
Sep 201552642.992.76$1,451
Aug 201556740.162.87$1,629
Jul 201550448.152.95$1,484
Jun 201543956.152.88$1,266
May 201557155.212.96$1,688
Apr 201533849.822.71$915
Mar 201588142.892.93$2,585
Feb 201566644.662.98$1,982
Jan 201562643.433.10$1,941
Dec 201474254.693.59$2,665
Nov 201476270.464.25$3,240
Oct 201466578.303.90$2,594
Sep 201459086.164.05$2,387
Aug 201439689.394.04$1,598
Jul 201451996.564.18$2,169
Jun 201456698.164.74$2,681
May 201446694.734.73$2,203
Apr 201428095.944.81$1,347
Mar 201466195.895.06$3,343
Feb 201461097.406.19$3,777
Jan 201445790.404.86$2,221
Dec 201362591.824.35$2,722
Nov 201356688.853.74$2,116
Oct 201348297.423.78$1,822
Sep 2013478104.113.72$1,777
Aug 2013449104.253.52$1,582
Jul 2013425102.523.72$1,580
Jun 201323994.403.93$940
May 201340094.834.15$1,660
Apr 201350193.964.28$2,146
Mar 201360293.623.91$2,356
Feb 201377491.233.42$2,647
Jan 201340491.603.42$1,382
Dec 201212286.773.42$417
Nov 201259586.953.62$2,157
Oct 201270889.383.40$2,407
Sep 201279494.672.92$2,317
Aug 20123392.662.91$96
Jul 201215685.133.02$471
Jun 201260779.822.52$1,529
May 201242191.612.49$1,048
Apr 2012475101.652.00$948
Mar 2012568105.052.22$1,262
Feb 2012577101.102.57$1,483
Jan 201260298.092.73$1,646
Dec 201170496.873.24$2,281
Nov 201166295.723.31$2,192
Oct 201170684.983.65$2,576
Sep 201171583.623.99$2,850
Aug 201170483.404.15$2,921
Jul 201191494.144.52$4,129
Jun 201153492.904.64$2,478
May 20111,05598.134.40$4,647
Apr 2011119105.964.33$516
Mar 201118496.364.06$747
Feb 201128685.644.18$1,195
Jan 201157486.504.59$2,634
Dec 201059885.734.35$2,600
Nov 201068480.843.80$2,596
Oct 201053378.103.51$1,870
Sep 201068872.633.98$2,738
Aug 201081073.684.42$3,580
Jul 201048472.554.74$2,292
Jun 201078270.364.91$3,840
May 201077971.124.24$3,299
Apr 201023881.694.12$981
Mar 201059178.394.39$2,594
Feb 201066973.585.44$3,641
Jan 201071474.365.96$4,258
Dec 200973571.445.48$4,031
Nov 200962774.593.75$2,352
Oct 200960272.544.11$2,474
Sep 200949165.543.06$1,505
Aug 200963267.423.22$2,034
Jul 200969561.133.46$2,408
Jun 200966366.163.90$2,582
May 200967254.743.93$2,638
Apr 200963546.773.59$2,278
Mar 200968442.144.06$2,776
Feb 200970832.814.63$3,280
Jan 200985535.865.37$4,592
Dec 200887637.105.98$5,236
Nov 200856255.496.86$3,856
Oct 200845275.246.92$3,129
Sep 2008470101.767.88$3,702
Aug 2008522114.228.48$4,428
Jul 2008580131.0811.39$6,606
Jun 2008581131.3313.03$7,572
May 2008621123.1711.57$7,188
Apr 2008421110.3110.45$4,402
Mar 2008735101.909.66$7,103
Feb 200861792.538.77$5,411
Jan 200872290.388.21$5,925
Dec 200774688.337.30$5,447
Nov 200770691.677.29$5,148
Oct 200762082.856.92$4,292
Sep 200759575.846.24$3,715
Aug 200764569.066.39$4,120
Jul 200767870.906.39$4,331
Jun 200765062.007.55$4,906
May 200754058.747.85$4,237
Apr 200733559.617.81$2,615
Mar 200760656.927.30$4,425
Feb 200771555.108.22$5,874
Jan 200767850.306.73$4,561
Dec 200681156.656.92$5,611
Nov 200643354.207.62$3,298
Oct 200647354.906.01$2,845
Sep 200667160.085.04$3,380
Aug 200665868.717.34$4,830
Jul 200667369.376.34$4,269
Jun 200662866.286.38$4,009
May 200672366.016.42$4,645
Apr 200654964.397.36$4,041
Mar 200665156.707.08$4,611
Feb 200666857.597.75$5,178
Jan 200651260.598.93$4,574
Dec 200565954.9413.42$8,841
Nov 200565254.6910.59$6,904
Oct 20051,09258.3413.80$15,065
Sep 200529461.4512.08$3,551
Aug 200581861.519.80$8,014
Jul 200518355.697.84$1,435
Jun 2005052.337.38$0
May 20055745.226.65$379
Apr 200545849.207.36$3,371
Mar 200554250.377.15$3,878
Feb 200546345.226.31$2,922
Jan 200554843.166.32$3,465
Dec 200461439.866.75$4,145
Nov 200459445.286.33$3,760
Oct 200463649.706.52$4,144
Sep 200465043.245.28$3,435
Aug 200471942.375.55$3,991
Jul 200467638.286.08$4,113
Jun 200469136.106.43$4,445
May 200466937.486.49$4,345
Apr 200462434.475.86$3,656
Mar 200466734.365.53$3,689
Feb 200467532.455.51$3,719
Jan 200459532.036.30$3,748
Dec 200366030.266.30$4,159
Nov 200364228.804.60$2,950
Oct 200366428.174.76$3,160
Sep 200366026.314.75$3,135
Aug 200368929.765.13$3,534
Jul 200367729.415.17$3,501
Jun 200366928.565.98$4,003
May 200364226.595.97$3,834
Apr 200345726.675.41$2,471
Mar 200368731.146.10$4,188
Feb 200358933.487.93$4,668
Jan 200362430.315.58$3,483
Dec 200282826.914.85$4,019
Nov 200267224.664.14$2,780
Oct 200263226.464.23$2,673
Sep 200267827.443.64$2,465
Aug 200262825.963.16$1,987
Jul 200269824.583.06$2,137
Jun 200261923.733.34$2,066
May 200266424.663.58$2,380
Apr 200255523.653.51$1,949
Mar 200279222.003.10$2,457
Feb 200284118.222.38$1,998
Jan 200281217.172.38$1,929
Dec 200177816.932.36$1,840
Nov 200177418.072.41$1,862
Oct 200181219.782.53$2,053
Sep 200179024.262.25$1,779
Aug 200178824.873.05$2,406
Jul 200178623.933.20$2,513
Jun 200177724.563.82$2,971
May 200178325.524.31$3,373
Apr 200172724.685.34$3,879
Mar 200178524.545.38$4,221
Feb 200168127.755.77$3,927
Jan 200193827.478.40$7,878
Dec 200074226.889.12$6,769
Nov 200078232.215.66$4,425
Oct 200083931.235.15$4,317
Sep 200076731.875.19$3,978
Aug 200079029.644.54$3,587
Jul 200082228.534.09$3,362
Jun 200077429.304.40$3,403
May 200070827.263.68$2,605
Apr 200073024.513.12$2,275
Mar 200078528.422.86$2,245
Feb 200071927.622.73$1,960
Jan 200076625.272.48$1,900
Dec 199973024.282.42$1,769
Nov 199966523.192.43$1,619
Oct 199970020.982.80$1,963
Sep 199982721.752.62$2,166
Aug 199985219.262.88$2,450
Jul 199982217.892.37$1,950
Jun 199982215.942.36$1,942
May 199976115.792.32$1,766
Apr 199977515.102.21$1,711
Mar 199981812.471.84$1,504
Feb 19997459.981.82$1,354
Jan 199990610.381.90$1,721
Dec 19989349.201.77$1,656
Nov 199871910.892.19$1,572
Oct 199881012.421.97$1,595
Sep 199878912.592.08$1,643
Aug 199881311.301.91$1,551
Jul 199880511.742.24$1,801
Jun 199866511.242.24$1,488
May 199884812.622.21$1,871
Apr 199889713.042.51$2,247
Mar 199882112.802.31$1,896
Feb 199875613.952.30$1,738
Jan 199890614.702.15$1,952
Dec 199778416.322.41$1,890
Nov 199791518.193.09$2,826
Oct 199786319.253.15$2,718
Sep 199786317.742.95$2,550
Aug 199785317.862.55$2,179
Jul 199794617.582.25$2,126
Jun 199782517.242.26$1,862
May 199773418.972.31$1,694
Apr 199770417.882.08$1,466
Mar 199781218.951.94$1,575
Feb 199781320.492.21$1,793
Jan 199784823.483.54$3,002
Dec 199689323.32$0
Nov 199681321.97$0
Oct 199687723.31$0
Sep 199682022.22$0
Aug 199682920.26$0
Jul 199686919.55$0
Jun 199686618.73$0
May 199695119.43$0
Apr 19961,22021.51$0
Mar 199637819.38$0
Feb 1996016.98$0
Jan 1996017.07$0
Dec 199553817.19$0
Nov 199585716.00$0
Oct 199591315.43$0
Sep 199587816.18$0
Aug 199563915.92$0
Jul 199534315.24$0
Jun 199534316.41$0
May 199559117.56$0
Apr 199558517.73$0
Mar 199563616.44$0
Feb 199586716.58$0
Jan 199586415.92$0
Dec 199485415.03$0
Nov 199478815.90$0
Oct 199479215.58$0
Sep 199474915.29$0
Aug 199498616.13$0
Jul 199495917.56$0
Jun 199492717.09$0
May 199491715.88$0
Apr 199491114.14$0
Mar 19941,05412.46$0
Feb 199432612.50$0
Jan 199431812.66$0
Dec 199336312.33$0
Nov 199391114.49$0
Oct 199396315.85$0
Sep 199386515.03$0
Aug 199392615.66$0
Jul 199394315.46$0
Jun 199390816.79$0
May 199389717.68$0
Apr 199387518.05$0
Mar 19931,02318.14$0
Feb 199395017.90$0
Jan 199397116.93$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
Gas                1,000 Mcf  × $  3.05 =     $3,046

────────────────────────────────────────────────────
Month total                                   $3,046

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/43243 is the state's own key, not one this site invented.