WATKINS -B-

Operated by BEAR CREEK OPERATING (P-5 60119) in the PANHANDLE HUTCHINSON COUNTY FLD. field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 1203District 10Field 68887001NGPA filingOilCasinghead gasSaveExport
Value, all time
$2.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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 918 leases and 8,177 wells, and the rule below applies to all of them.

Discovered
1921-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
467 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 1989-05-01.

The Commission's schedule remark for this field reads: SPECIAL TESTING REQUIREMENTS FOR WELLS WITH GOR GREATER THAN 5000.

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
OilDisposition27,808 bbl$1,513,946
Casinghead gasProduction100,006 Mcf$502,018
Total$2,015,964

16,413 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 (18)

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 35.7270, -101.3086. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

35.72792, -101.30815 · 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
27.8%
5 of 18 wells
With a plug date
22.2%
4 of 18 wells
Median depth
2,850 ft
6 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
527.8%
A plug date is filed
422.2%
BothOn the schedule and plugged. Neither fact cancels the other.
422.2%
NeitherNo plug date, and not on the schedule.
1372.2%

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

Total depth in feet, 6 of 18 wells. Median 2,850 ft, with the middle half between 2,790 and 2,950 ft; the shallowest is 2,760 ft and the deepest 3,005 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 2 of 18 wells, Mar 1981 – Aug 1991. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Mar 1981 – Aug 1991
2 of 18 wells; 16 filed none
Plug dates filed
Nov 1995 – Jun 2016
4 of 18 wells; 14 filed none

18 wells

42-2331013332,760 ftMar 2015Yes
42-2331014162,850 ftJun 2016Yes
42-233101519G2,983 ftFeb 2014Yes
42-23383306162,850 ftNov 1995Yes
42-233832911
42-233832922
42-233832944
42-233832955
42-233832977
42-233832988
42-2338330010
42-2338330111
42-2338330313
42-2338330414
42-2338330515
42-2338330717
42-2338330212G2,770 ftAug 1991Yes
42-23330962183,005 ftMar 1981

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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 202305668.962.26$126
May 2023014570.622.23$323
Apr 202304478.122.24$98
Mar 2023016172.852.39$385
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 2022020794.529.13$1,889
Jul 202200101.587.54$0
Jun 2022040115.097.98$319
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 202008730.341.86$161
Feb 202001149.881.98$22
Jan 20200057.252.09$0
Dec 2019010359.012.30$237
Nov 201902155.302.75$58
Oct 20190453.472.42$10
Sep 201904055.052.66$106
Aug 20191231053.112.30$6,556
Jul 201901556.272.46$37
Jun 20190452.782.49$10
May 20190058.482.74$0
Apr 201901462.632.75$39
Mar 20190856.803.06$25
Feb 201902450.852.79$67
Jan 2019022146.033.23$713
Dec 201806346.594.19$264
Nov 20180052.934.24$0
Oct 20180861.443.40$27
Sep 201803059.543.11$93
Aug 201803959.403.07$120
Jul 201804765.142.93$138
Jun 20181843960.183.08$11,193
May 201804465.382.90$128
Apr 2018011963.842.90$345
Mar 2018014661.222.79$407
Feb 201801861.782.77$50
Jan 2018177062.874.01$11,128
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 2017018049.292.98$537
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20171842843.873.09$8,159
Jun 2017010542.493.09$324
May 2017012345.373.26$401
Apr 201717411447.933.21$8,706
Mar 2017012446.772.98$370
Feb 20171706150.452.95$8,757
Jan 2017013049.413.42$444
Dec 2016012648.763.72$469
Nov 201617117042.492.64$7,715
Oct 2016013946.193.09$430
Sep 2016013041.553.10$403
Aug 201618013341.442.92$7,848
Jul 2016011341.622.92$330
Jun 2016015145.352.69$406
May 20161766142.521.99$7,605
Apr 201603736.561.99$74
Mar 20161768433.011.79$5,960
Feb 201608326.472.06$171
Jan 20161832527.352.36$5,064
Dec 201503732.362.00$74
Nov 201503638.792.17$78
Oct 20151733243.552.43$7,612
Sep 201506142.992.76$168
Aug 20151724140.162.87$7,025
Jul 201501548.152.95$44
Jun 201517518656.152.88$10,362
May 2015021255.212.96$627
Apr 20151766949.822.71$8,955
Mar 2015014242.892.93$417
Feb 201517225244.662.98$8,432
Jan 201504143.433.10$127
Dec 2014018354.693.59$657
Nov 20140070.464.25$0
Oct 201418315878.303.90$14,945
Sep 2014030386.164.05$1,226
Aug 201418421189.394.04$17,299
Jul 201409496.564.18$393
Jun 201417630598.164.74$18,721
May 2014091394.734.73$4,315
Apr 201417762695.944.81$19,992
Mar 2014060495.895.06$3,054
Feb 201416644497.406.19$18,918
Jan 201418562990.404.86$19,781
Dec 2013046291.824.35$2,012
Nov 201318449088.853.74$18,180
Oct 201318241397.423.78$19,291
Sep 20130395104.113.72$1,469
Aug 20130379104.253.52$1,335
Jul 201317977102.523.72$18,637
Jun 201302994.403.93$114
May 20131809394.834.15$17,455
Apr 201303393.964.28$141
Mar 20131807893.623.91$17,157
Feb 2013186891.233.42$16,996
Jan 201302891.603.42$96
Dec 20121832186.773.42$15,951
Nov 2012021986.953.62$794
Oct 201218424389.383.40$17,272
Sep 201208694.672.92$251
Aug 201236211892.662.91$33,886
Jul 2012180685.133.02$15,342
Jun 2012033779.822.52$849
May 201218134191.612.49$17,430
Apr 20121817101.652.00$18,413
Mar 2012178394105.052.22$19,574
Feb 20120248101.102.57$637
Jan 2012030198.092.73$823
Dec 201118450696.873.24$19,463
Nov 2011046195.723.31$1,527
Oct 201118127884.983.65$16,396
Sep 2011034183.623.99$1,359
Aug 2011050583.404.15$2,095
Jul 2011031394.144.52$1,414
Jun 201118631292.904.64$18,727
May 2011084398.134.40$3,713
Apr 2011181148105.964.33$19,820
Mar 201101896.364.06$73
Feb 20111722885.644.18$14,847
Jan 2011015786.504.59$720
Dec 201017912885.734.35$15,902
Nov 201005280.843.80$197
Oct 201018717678.103.51$15,222
Sep 201017915072.633.98$13,598
Aug 2010046673.684.42$2,059
Jul 201017734172.554.74$14,456
Jun 201018339070.364.91$14,791
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 201017817178.394.39$14,704
Feb 20100073.585.44$0
Jan 201018017874.365.96$14,446
Dec 200916617671.445.48$12,824
Nov 2009019474.593.75$728
Oct 200918535372.544.11$14,871
Sep 200916758365.543.06$12,732
Aug 200918439867.423.22$13,686
Jul 200918254661.133.46$13,017
Jun 200918368566.163.90$14,775
May 2009042854.743.93$1,680
Apr 200918139446.773.59$9,879
Mar 200933320042.144.06$14,844
Feb 200918166332.814.63$9,010
Jan 200918382835.865.37$11,010
Dec 200816648037.105.98$9,028
Nov 200818087755.496.86$16,005
Oct 200818377175.246.92$19,106
Sep 20080706101.767.88$5,561
Aug 2008181704114.228.48$26,646
Jul 2008180940131.0811.39$34,300
Jun 2008182744131.3313.03$33,598
May 2008180754123.1711.57$30,898
Apr 2008177722110.3110.45$27,073
Mar 2008181909101.909.66$27,229
Feb 200817466492.538.77$21,924
Jan 200835469690.388.21$37,706
Dec 200718065388.337.30$20,668
Nov 200718371591.677.29$21,989
Oct 200718172882.856.92$20,035
Sep 2007088375.846.24$5,514
Aug 2007095869.066.39$6,120
Jul 200717789070.906.39$18,235
Jun 200717972262.007.55$16,548
May 200716785258.747.85$16,495
Apr 200717146359.617.81$13,807
Mar 200716132256.927.30$11,515
Feb 2007059455.108.22$4,880
Jan 200717359650.306.73$12,711
Dec 2006070656.656.92$4,884
Nov 200619065254.207.62$15,265
Oct 200618863354.906.01$14,128
Sep 200618463560.085.04$14,253
Aug 2006069568.717.34$5,101
Jul 200636755869.376.34$28,998
Jun 200618698466.286.38$18,610
May 200618393466.016.42$18,081
Apr 200618379364.397.36$17,620
Mar 2006044956.707.08$3,180
Feb 2006067457.597.75$5,224
Jan 20061831,14360.598.93$21,299
Dec 20051831,70154.9413.42$32,874
Nov 20051901,03454.6910.59$21,340
Oct 20051921,07058.3413.80$25,963
Sep 200517635661.4512.08$15,115
Aug 20053681,04861.519.80$32,903
Jul 20051841,00455.697.84$18,122
Jun 200517982152.337.38$15,427
May 200518469345.226.65$12,930
Apr 200518153049.207.36$12,806
Mar 200518579550.377.15$15,007
Feb 200517867045.226.31$12,278
Jan 200518483943.166.32$13,246
Dec 2004375039.866.75$14,948
Nov 200417599145.286.33$14,197
Oct 20041881,03749.706.52$16,100
Sep 200418398343.245.28$13,107
Aug 200436288042.375.55$20,223
Jul 200417993338.286.08$12,529
Jun 20041911,07036.106.43$13,778
May 200401,27037.486.49$8,248
Apr 20041861,01334.475.86$12,346
Mar 20041661,14434.365.53$12,030
Feb 2004077532.455.51$4,270
Jan 200411288332.036.30$9,150
Dec 2003058330.266.30$3,674
Nov 2003023428.804.60$1,075
Oct 20031501928.174.76$4,316
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030131.146.10$6
Feb 20030133.487.93$8
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020424.663.58$14
Apr 200203923.653.51$137
Mar 200204022.003.10$124
Feb 200201918.222.38$45
Jan 200205117.172.38$121
Dec 200108316.932.36$196
Nov 200108318.072.41$200
Oct 200109219.782.53$233
Sep 200109224.262.25$207
Aug 20011736424.873.05$4,498
Jul 200106123.933.20$195
Jun 200108424.563.82$321
May 200106025.524.31$258
Apr 200108724.685.34$464
Mar 2001013024.545.38$699
Feb 2001010027.755.77$577
Jan 200101227.478.40$101
Dec 2000010126.889.12$921
Nov 2000010032.215.66$566
Oct 2000011331.235.15$581
Sep 200017412131.875.19$6,173
Aug 200009029.644.54$409
Jul 200008828.534.09$360
Jun 200009029.304.40$396
May 200008327.263.68$305
Apr 200008624.513.12$268
Mar 20001729228.422.86$5,151
Feb 200007727.622.73$210
Jan 20001705825.272.48$4,440
Dec 1999017924.282.42$434
Nov 1999010723.192.43$260
Oct 199917215920.982.80$4,054
Sep 1999015821.752.62$414
Aug 199917218119.262.88$3,833
Jul 1999015617.892.37$370
Jun 199917414315.942.36$3,111
May 1999175015.792.32$2,763
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999179179.981.82$1,817
Jan 1999011210.381.90$213
Dec 1998175769.201.77$1,745
Nov 199807510.892.19$164
Oct 199817724312.421.97$2,677
Sep 1998036012.592.08$750
Aug 1998044311.301.91$845
Jul 1998044311.742.24$991
Jun 1998036411.242.24$814
May 1998043212.622.21$953
Apr 1998045413.042.51$1,137
Mar 1998028712.802.31$663
Feb 1998025213.952.30$579
Jan 1998025014.702.15$539
Dec 1997021116.322.41$509
Nov 199717829718.193.09$4,155
Oct 19970119.253.15$3
Sep 19970117.742.95$3
Aug 19970117.862.55$3
Jul 199704817.582.25$108
Jun 1997024617.242.26$555
May 1997122718.972.31$543
Apr 199717930917.882.08$3,844
Mar 1997129818.951.94$597
Feb 1997129620.492.21$673
Jan 199717929523.483.54$5,247
Dec 1996012623.32$0
Nov 1996113321.97$22
Oct 1996123123.31$23
Sep 199617627922.22$3,911
Aug 1996128420.26$20
Jul 1996230819.55$39
Jun 199617833218.73$3,334
May 1996035019.43$0
Apr 1996018721.51$0
Mar 1996030319.38$0
Feb 199617817616.98$3,022
Jan 1996022217.07$0
Dec 199536336617.19$6,240
Nov 1995137116.00$16
Oct 19951798715.43$2,762
Sep 199517948016.18$2,896
Aug 1995140515.92$16
Jul 199535550115.24$5,410
Jun 199517850416.41$2,921
May 1995238917.56$35
Apr 199518039217.73$3,191
Mar 199517846816.44$2,926
Feb 1995036816.58$0
Jan 1995029915.92$0
Dec 199435429215.03$5,321
Nov 1994026815.90$0
Oct 199418147015.58$2,820
Sep 1994047015.29$0
Aug 199417740516.13$2,855
Jul 1994061617.56$0
Jun 199418266017.09$3,110
May 199417769315.88$2,811
Apr 199418069814.14$2,545
Mar 1994024312.46$0
Feb 1994024912.50$0
Jan 199417438912.66$2,203
Dec 199318329412.33$2,256
Nov 1993030814.49$0
Oct 199318337215.85$2,901
Sep 199318830815.03$2,826
Aug 1993031015.66$0
Jul 1993031115.46$0
Jun 199317727716.79$2,972
May 1993025017.68$0
Apr 199317833618.05$3,213
Mar 199317434518.14$3,156
Feb 199318114417.90$3,240
Jan 1993014416.93$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.

Jun 2023 — as filed, then multipliedworked
Oil                    0 bbl  × $ 68.96 =         $0
Casinghead gas        56 Mcf  × $  2.26 =       $126

────────────────────────────────────────────────────
Month total                                     $126

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/O/1203 is the state's own key, not one this site invented.