WATKINS, A. J.

Operated by R2Q OPERATING LLC (P-5 687719) in the EAST TEXAS field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8273District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$7.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$168 k
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 2,264 leases and 17,267 wells, and the rule below applies to all of them.

Discovered
1930-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
330 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 2015-01-27.

The Commission's schedule remark for this field reads: THIS ORDER TO BE CANCELLED

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
OilDisposition139,241 bbl$7,048,237
Casinghead gasProduction596 Mcf$1,051
Total$7,049,288

257 Mcf of this lease's gas, across 31 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.

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 2026160098.932.87$15,829
Mar 2026386089.753.15$34,644
Feb 2026160063.503.75$10,160
Jan 2026466059.138.00$27,555
Dec 2025314056.664.41$17,791
Nov 2025326058.593.93$19,100
Oct 2025232059.383.30$13,776
Sep 2025157062.743.08$9,850
Aug 2025140063.933.01$8,950
Jul 2025160066.743.32$10,678
Jun 20250066.483.13$0
May 2025105060.553.23$6,358
Apr 202580062.363.54$4,989
Mar 2025165067.704.27$11,171
Feb 2025414070.884.34$29,344
Jan 2025253074.324.28$18,803
Dec 2024334068.993.12$23,043
Nov 2024399069.052.20$27,551
Oct 2024471071.372.28$33,615
Sep 2024251069.612.36$17,472
Aug 2024510075.632.06$38,571
Jul 2024340079.932.15$27,176
Jun 2024342078.082.63$26,703
May 2024342078.812.20$26,953
Apr 2024339084.451.66$28,629
Mar 2024354080.301.55$28,426
Feb 2024324076.091.78$24,653
Jan 2024508073.023.30$37,094
Dec 2023314071.262.61$22,376
Nov 2023331077.892.81$25,782
Oct 2023321085.443.09$27,426
Sep 2023504089.042.74$44,876
Aug 2023342080.522.67$27,538
Jul 2023336074.852.64$25,150
Jun 2023256068.962.26$17,654
May 2023515070.622.23$36,369
Apr 2023338078.122.24$26,405
Mar 2023342072.852.39$24,915
Feb 2023167075.112.47$12,543
Jan 2023154076.533.39$11,786
Dec 2022329076.415.73$25,139
Nov 2022492085.005.65$41,820
Oct 2022334087.185.86$29,118
Sep 2022317084.888.16$26,907
Aug 2022491094.529.13$46,409
Jul 20225060101.587.54$51,399
Jun 20224690115.097.98$53,977
May 20223130109.378.43$34,233
Apr 20223370104.226.84$35,122
Mar 20223400108.885.08$37,019
Feb 2022506091.054.86$46,071
Jan 2022389081.844.54$31,836
Dec 2021342071.323.90$24,391
Nov 2021644077.435.24$49,865
Oct 2021170079.795.71$13,564
Sep 2021373069.865.35$26,058
Aug 2021341066.024.22$22,513
Jul 2021448070.783.98$31,709
Jun 2021459069.493.38$31,896
May 2021514063.483.02$32,629
Apr 2021346060.362.76$20,885
Mar 2021336061.302.72$20,597
Feb 2021312057.805.55$18,034
Jan 2021335050.412.81$16,887
Dec 2020459044.642.68$20,490
Nov 2020341038.772.71$13,221
Oct 2020334036.972.48$12,348
Sep 2020234037.091.99$8,679
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 202090034.901.69$3,141
May 20200016.921.81$0
Apr 2020142014.751.80$2,095
Mar 2020157030.341.86$4,763
Feb 2020324049.881.98$16,161
Jan 2020504057.252.09$28,854
Dec 2019335059.012.30$19,768
Nov 2019343055.302.75$18,968
Oct 2019438053.472.42$23,420
Sep 2019346055.052.66$19,047
Aug 2019430053.112.30$22,837
Jul 2019343056.272.46$19,301
Jun 2019475052.782.49$25,071
May 2019170058.482.74$9,942
Apr 2019484062.632.75$30,313
Mar 2019309056.803.06$17,551
Feb 2019305050.852.79$15,509
Jan 2019335046.033.23$15,420
Dec 2018470046.594.19$21,897
Nov 2018235052.934.24$12,439
Oct 2018297061.443.40$18,248
Sep 2018421059.543.11$25,066
Aug 2018319059.403.07$18,949
Jul 2018344065.142.93$22,408
Jun 2018289060.183.08$17,392
May 2018402065.382.90$26,283
Apr 2018407063.842.90$25,983
Mar 2018239061.222.79$14,632
Feb 2018212061.782.77$13,097
Jan 2018292062.874.01$18,358
Dec 2017279057.272.92$15,978
Nov 2017138055.423.12$7,648
Oct 2017350049.292.98$17,252
Sep 2017488047.523.09$23,190
Aug 2017335045.373.00$15,199
Jul 2017489043.873.09$21,452
Jun 2017337042.493.09$14,319
May 2017458045.373.26$20,779
Apr 2017307047.933.21$14,715
Mar 2017452046.772.98$21,140
Feb 2017357050.452.95$18,011
Jan 2017343049.413.42$16,948
Dec 2016484048.763.72$23,600
Nov 2016340042.492.64$14,447
Oct 2016414046.193.09$19,123
Sep 201633933941.553.10$15,137
Aug 2016404041.442.92$16,742
Jul 2016431041.622.92$17,938
Jun 2016324045.352.69$14,693
May 2016445042.521.99$18,921
Apr 2016438036.561.99$16,013
Mar 2016471033.011.79$15,548
Feb 2016397026.472.06$10,509
Jan 2016479027.352.36$13,101
Dec 2015471032.362.00$15,242
Nov 2015457038.792.17$17,727
Oct 2015499043.552.43$21,731
Sep 2015390042.992.76$16,766
Aug 2015445040.162.87$17,871
Jul 2015499048.152.95$24,027
Jun 2015490056.152.88$27,514
May 2015326055.212.96$17,998
Apr 2015492049.822.71$24,511
Mar 2015332042.892.93$14,239
Feb 2015474044.662.98$21,169
Jan 2015486043.433.10$21,107
Dec 2014339054.693.59$18,540
Nov 2014331070.464.25$23,322
Oct 2014306078.303.90$23,960
Sep 2014330086.164.05$28,433
Aug 2014330089.394.04$29,499
Jul 2014403096.564.18$38,914
Jun 2014378098.164.74$37,104
May 2014588094.734.73$55,701
Apr 2014340095.944.81$32,620
Mar 2014234095.895.06$22,438
Feb 2014339097.406.19$33,019
Jan 2014472090.404.86$42,669
Dec 2013268091.824.35$24,608
Nov 2013486088.853.74$43,181
Oct 2013427097.423.78$41,598
Sep 201320104.113.72$208
Aug 20134580104.253.52$47,747
Jul 20133010102.523.72$30,859
Jun 2013355094.403.93$33,512
May 2013218094.834.15$20,673
Apr 2013287093.964.28$26,967
Mar 2013173093.623.91$16,196
Feb 2013177091.233.42$16,148
Jan 2013334091.603.42$30,594
Dec 2012167086.773.42$14,491
Nov 2012315086.953.62$27,389
Oct 2012349089.383.40$31,194
Sep 2012173094.672.92$16,378
Aug 2012343092.662.91$31,782
Jul 2012356085.133.02$30,306
Jun 2012158079.822.52$12,612
May 2012186091.612.49$17,039
Apr 20123360101.652.00$34,154
Mar 20123590105.052.22$37,713
Feb 201200101.102.57$0
Jan 2012172098.092.73$16,871
Dec 20110096.873.24$0
Nov 2011355095.723.31$33,981
Oct 2011355084.983.65$30,168
Sep 2011357083.623.99$29,852
Aug 2011524083.404.15$43,702
Jul 2011356094.144.52$33,514
Jun 2011361092.904.64$33,537
May 2011353098.134.40$34,640
Apr 20113670105.964.33$38,887
Mar 2011338096.364.06$32,570
Feb 2011359085.644.18$30,745
Jan 2011366086.504.59$31,659
Dec 2010350085.734.35$30,006
Nov 2010539080.843.80$43,573
Oct 2010372078.103.51$29,053
Sep 2010348072.633.98$25,275
Aug 2010348073.684.42$25,641
Jul 2010380072.554.74$27,569
Jun 2010191070.364.91$13,439
May 2010514071.124.24$36,556
Apr 2010175081.694.12$14,296
Mar 2010573078.394.39$44,917
Feb 2010179073.585.44$13,171
Jan 2010207074.365.96$15,393
Dec 2009200071.445.48$14,288
Nov 2009189074.593.75$14,098
Oct 2009194072.544.11$14,073
Sep 2009377065.543.06$24,709
Aug 2009392067.423.22$26,429
Jul 2009195061.133.46$11,920
Jun 2009384066.163.90$25,405
May 2009344054.743.93$18,831
Apr 2009401046.773.59$18,755
Mar 2009368042.144.06$15,508
Feb 2009190032.814.63$6,234
Jan 2009366035.865.37$13,125
Dec 2008392037.105.98$14,543
Nov 2008374055.496.86$20,753
Oct 2008376075.246.92$28,290
Sep 20081880101.767.88$19,131
Aug 20083940114.228.48$45,003
Jul 20083820131.0811.39$50,073
Jun 20081860131.3313.03$24,427
May 20083660123.1711.57$45,080
Apr 20083980110.3110.45$43,903
Mar 20083850101.909.66$39,232
Feb 2008182092.538.77$16,840
Jan 2008398090.388.21$35,971
Dec 2007353088.337.30$31,180
Nov 2007352091.677.29$32,268
Oct 2007180082.856.92$14,913
Sep 2007351075.846.24$26,620
Aug 2007369069.066.39$25,483
Jul 2007173070.906.39$12,266
Jun 2007355062.007.55$22,010
May 2007357058.747.85$20,970
Apr 2007178059.617.81$10,611
Mar 2007365056.927.30$20,776
Feb 2007387055.108.22$21,324
Jan 2007372050.306.73$18,712
Dec 2006538056.656.92$30,478
Nov 2006180054.207.62$9,756
Oct 2006407054.906.01$22,344
Sep 2006353060.085.04$21,208
Aug 2006362068.717.34$24,873
Jul 2006373069.376.34$25,875
Jun 2006355066.286.38$23,529
May 2006387066.016.42$25,546
Apr 2006361064.397.36$23,245
Mar 2006377056.707.08$21,376
Feb 2006381057.597.75$21,942
Jan 2006382060.598.93$23,145
Dec 2005383054.9413.42$21,042
Nov 2005358054.6910.59$19,579
Oct 2005344058.3413.80$20,069
Sep 2005368061.4512.08$22,614
Aug 2005379061.519.80$23,312
Jul 2005365055.697.84$20,327
Jun 2005378052.337.38$19,781
May 2005362045.226.65$16,370
Apr 2005545049.207.36$26,814
Mar 2005362050.377.15$18,234
Feb 2005373045.226.31$16,867
Jan 2005356043.166.32$15,365
Dec 2004381039.866.75$15,187
Nov 2004370045.286.33$16,754
Oct 2004381049.706.52$18,936
Sep 2004370043.245.28$15,999
Aug 2004377042.375.55$15,973
Jul 2004374038.286.08$14,317
Jun 2004369036.106.43$13,321
May 2004375037.486.49$14,055
Apr 2004185034.475.86$6,377
Mar 2004373034.365.53$12,816
Feb 2004383032.455.51$12,428
Jan 2004377032.036.30$12,075
Dec 2003374030.266.30$11,317
Nov 2003554028.804.60$15,955
Oct 2003365028.174.76$10,282
Sep 2003560026.314.75$14,734
Aug 2003366029.765.13$10,892
Jul 2003377029.415.17$11,088
Jun 2003552028.565.98$15,765
May 2003362026.595.97$9,626
Apr 2003376026.675.41$10,028
Mar 2003377031.146.10$11,740
Feb 2003362033.487.93$12,120
Jan 2003376030.315.58$11,397
Dec 2002379026.914.85$10,199
Nov 2002176024.664.14$4,340
Oct 2002572026.464.23$15,135
Sep 2002188027.443.64$5,159
Aug 2002374025.963.16$9,709
Jul 2002188024.583.06$4,621
Jun 2002376023.733.34$8,922
May 2002372024.663.58$9,174
Apr 2002371023.653.51$8,774
Mar 2002184022.003.10$4,048
Feb 2002373018.222.38$6,796
Jan 2002376017.172.38$6,456
Dec 2001189016.932.36$3,200
Nov 2001358018.072.41$6,469
Oct 2001367019.782.53$7,259
Sep 2001370024.262.25$8,976
Aug 2001184024.873.05$4,576
Jul 2001344023.933.20$8,232
Jun 2001356024.563.82$8,743
May 2001191025.524.31$4,874
Apr 2001187024.685.34$4,615
Mar 2001378024.545.38$9,276
Feb 2001183027.755.77$5,078
Jan 2001378027.478.40$10,384
Dec 2000379026.889.12$10,188
Nov 2000189032.215.66$6,088
Oct 2000293031.235.15$9,150
Sep 2000372031.875.19$11,856
Aug 2000331029.644.54$9,811
Jul 2000380028.534.09$10,841
Jun 2000378029.304.40$11,075
May 2000380027.263.68$10,359
Apr 2000198024.513.12$4,853
Mar 2000380028.422.86$10,800
Feb 2000378027.622.73$10,440
Jan 2000385025.272.48$9,729
Dec 1999372024.282.42$9,032
Nov 1999194023.192.43$4,499
Oct 1999552020.982.80$11,581
Sep 1999191021.752.62$4,154
Aug 1999378019.262.88$7,280
Jul 1999188017.892.37$3,363
Jun 1999190015.942.36$3,029
May 1999191015.792.32$3,016
Apr 1999350015.102.21$5,285
Mar 1999388012.471.84$4,838
Feb 199938609.981.82$3,852
Jan 1999385010.381.90$3,996
Dec 199818809.201.77$1,730
Nov 1998374010.892.19$4,073
Oct 1998379012.421.97$4,707
Sep 1998381012.592.08$4,797
Aug 1998382011.301.91$4,317
Jul 1998350011.742.24$4,109
Jun 1998380011.242.24$4,271
May 1998384012.622.21$4,846
Apr 1998187013.042.51$2,438
Mar 1998387012.802.31$4,954
Feb 1998380013.952.30$5,301
Jan 1998390014.702.15$5,733
Dec 1997380016.322.41$6,202
Nov 1997382018.193.09$6,949
Oct 1997329019.253.15$6,333
Sep 1997372017.742.95$6,599
Aug 1997351017.862.55$6,269
Jul 1997369017.582.25$6,487
Jun 1997384017.242.26$6,620
May 1997384018.972.31$7,284
Apr 1997188017.882.08$3,361
Mar 1997550018.951.94$10,423
Feb 1997188020.492.21$3,852
Jan 1997551023.483.54$12,937
Dec 1996391023.32$9,118
Nov 1996392021.97$8,612
Oct 1996395023.31$9,207
Sep 1996386022.22$8,577
Aug 1996377020.26$7,638
Jul 1996579019.55$11,319
Jun 1996376018.73$7,042
May 1996381019.43$7,403
Apr 1996526021.51$11,314
Mar 1996363019.38$7,035
Feb 1996391016.98$6,639
Jan 1996540017.07$9,218
Dec 1995360017.19$6,188
Nov 1995559016.00$8,944
Oct 1995525015.43$8,101
Sep 1995372016.18$6,019
Aug 1995369015.92$5,874
Jul 1995520115.24$7,925
Jun 1995380116.41$6,236
May 1995557117.56$9,781
Apr 1995530117.73$9,397
Mar 1995359116.44$5,902
Feb 1995727116.58$12,054
Jan 19950115.92$0
Dec 1994646115.03$9,709
Nov 1994337115.90$5,358
Oct 1994358115.58$5,578
Sep 1994350115.29$5,352
Aug 1994354116.13$5,710
Jul 1994350117.56$6,146
Jun 1994352117.09$6,016
May 1994332115.88$5,272
Apr 1994613114.14$8,668
Mar 1994367112.46$4,573
Feb 1994360112.50$4,500
Jan 1994361112.66$4,570
Dec 1993364112.33$4,488
Nov 1993317114.49$4,593
Oct 1993284115.85$4,501
Sep 1993550115.03$8,267
Aug 1993351115.66$5,497
Jul 1993319115.46$4,932
Jun 1993527116.79$8,848
May 1993362117.68$6,400
Apr 1993350118.05$6,318
Mar 1993367118.14$6,657
Feb 199346410417.90$8,306
Jan 199334412416.93$5,824

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.

Apr 2026 — as filed, then multipliedworked
Oil                  160 bbl  × $ 98.93 =    $15,829
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $15,829

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. 6E/O/8273 is the state's own key, not one this site invented.