WATSON, J. B.

Operated by ELMS OIL COMPANY (P-5 250120) 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 8407District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$1.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$201
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
OilDisposition22,374 bbl$1,054,714
Casinghead gasProduction8,169 Mcf$5,741
Total$1,060,455

5,845 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.

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 202607098.932.87$201
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 202476075.632.06$5,748
Jul 20240079.932.15$0
Jun 202480078.082.63$6,246
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 202474080.301.55$5,942
Feb 20240076.091.78$0
Jan 202480073.023.30$5,842
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 202378085.443.09$6,664
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 202282076.415.73$6,266
Nov 202275085.005.65$6,375
Oct 202280087.185.86$6,974
Sep 202280084.888.16$6,790
Aug 20220094.529.13$0
Jul 20221500101.587.54$15,237
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 2022650104.226.84$6,774
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 202177079.795.71$6,144
Sep 20210069.865.35$0
Aug 202188066.024.22$5,810
Jul 20210070.783.98$0
Jun 202185069.493.38$5,907
May 202179063.483.02$5,015
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 202181057.805.55$4,682
Jan 20210050.412.81$0
Dec 202091044.642.68$4,062
Nov 20200038.772.71$0
Oct 202093036.972.48$3,438
Sep 20200037.091.99$0
Aug 202082039.982.39$3,278
Jul 202083038.371.83$3,185
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020166014.751.80$2,449
Mar 20200030.341.86$0
Feb 202087049.881.98$4,340
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 201989053.472.42$4,759
Sep 20190055.052.66$0
Aug 201987053.112.30$4,621
Jul 20190056.272.46$0
Jun 201991052.782.49$4,803
May 201992058.482.74$5,380
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 2019170050.852.79$8,645
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 201893061.443.40$5,714
Sep 201877059.543.11$4,585
Aug 20180059.403.07$0
Jul 201882065.142.93$5,341
Jun 201886060.183.08$5,175
May 2018163065.382.90$10,657
Apr 20180063.842.90$0
Mar 201875061.222.79$4,592
Feb 201880061.782.77$4,942
Jan 201875062.874.01$4,715
Dec 20170057.272.92$0
Nov 2017163055.423.12$9,033
Oct 20170049.292.98$0
Sep 201793047.523.09$4,419
Aug 20170045.373.00$0
Jul 2017147043.873.09$6,449
Jun 20170042.493.09$0
May 2017152045.373.26$6,896
Apr 2017169047.933.21$8,100
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 2017161049.413.42$7,955
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 2016152041.553.10$6,316
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 2016160045.352.69$7,256
May 20160042.521.99$0
Apr 2016176036.561.99$6,435
Mar 20160033.011.79$0
Feb 2016153026.472.06$4,050
Jan 20160027.352.36$0
Dec 2015132032.362.00$4,272
Nov 20150038.792.17$0
Oct 2015156043.552.43$6,794
Sep 20150042.992.76$0
Aug 2015161040.162.87$6,466
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 2015144055.212.96$7,950
Apr 20150049.822.71$0
Mar 2015162042.892.93$6,948
Feb 20150044.662.98$0
Jan 2015154043.433.10$6,688
Dec 20140054.693.59$0
Nov 2014138070.464.25$9,723
Oct 20140078.303.90$0
Sep 2014161086.164.05$13,872
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 2014124098.164.74$12,172
May 20140094.734.73$0
Apr 2014159095.944.81$15,254
Mar 20140095.895.06$0
Feb 2014147097.406.19$14,318
Jan 20140090.404.86$0
Dec 2013150091.824.35$13,773
Nov 20130088.853.74$0
Oct 201370097.423.78$6,819
Sep 2013840104.113.72$8,745
Aug 2013800104.253.52$8,340
Jul 2013780102.523.72$7,997
Jun 201344094.403.93$4,154
May 201325094.834.15$2,371
Apr 201363093.964.28$5,919
Mar 2013100093.623.91$9,362
Feb 201376091.233.42$6,933
Jan 201384091.603.42$7,694
Dec 201259086.773.42$5,119
Nov 201284086.953.62$7,304
Oct 201287089.383.40$7,776
Sep 201285094.672.92$8,047
Aug 201281092.662.91$7,505
Jul 201284085.133.02$7,151
Jun 201286079.822.52$6,865
May 201254091.612.49$4,947
Apr 2012830101.652.00$8,437
Mar 2012810105.052.22$8,509
Feb 2012550101.102.57$5,561
Jan 201282098.092.73$8,043
Dec 201170096.873.24$6,781
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 201129083.623.99$2,425
Aug 201148083.404.15$4,003
Jul 201149094.144.52$4,613
Jun 201150092.904.64$4,645
May 201149098.134.40$4,808
Apr 2011500105.964.33$5,298
Mar 201153096.364.06$5,107
Feb 201150085.644.18$4,282
Jan 201146086.504.59$3,979
Dec 201056085.734.35$4,801
Nov 201055080.843.80$4,446
Oct 201060078.103.51$4,686
Sep 201056072.633.98$4,067
Aug 201068073.684.42$5,010
Jul 201072072.554.74$5,224
Jun 201060070.364.91$4,222
May 201066071.124.24$4,694
Apr 201063081.694.12$5,146
Mar 201059078.394.39$4,625
Feb 201058073.585.44$4,268
Jan 201028074.365.96$2,082
Dec 200970071.445.48$5,001
Nov 200955074.593.75$4,102
Oct 200965072.544.11$4,715
Sep 200966065.543.06$4,326
Aug 200964067.423.22$4,315
Jul 200962061.133.46$3,790
Jun 200960066.163.90$3,970
May 200959054.743.93$3,230
Apr 2009128046.773.59$5,987
Mar 20090042.144.06$0
Feb 200963032.814.63$2,067
Jan 200960035.865.37$2,152
Dec 200857037.105.98$2,115
Nov 200867055.496.86$3,718
Oct 200874075.246.92$5,568
Sep 200800101.767.88$0
Aug 2008710114.228.48$8,110
Jul 2008670131.0811.39$8,782
Jun 2008720131.3313.03$9,456
May 2008690123.1711.57$8,499
Apr 2008560110.3110.45$6,177
Mar 2008660101.909.66$6,725
Feb 200866092.538.77$6,107
Jan 200866090.388.21$5,965
Dec 20070088.337.30$0
Nov 200756091.677.29$5,134
Oct 200748082.856.92$3,977
Sep 200756075.846.24$4,247
Aug 200763069.066.39$4,351
Jul 200749070.906.39$3,474
Jun 200751062.007.55$3,162
May 200737058.747.85$2,173
Apr 200753059.617.81$3,159
Mar 200769056.927.30$3,927
Feb 200747055.108.22$2,590
Jan 200744050.306.73$2,213
Dec 200659056.656.92$3,342
Nov 200662054.207.62$3,360
Oct 200650054.906.01$2,745
Sep 200665060.085.04$3,905
Aug 200652068.717.34$3,573
Jul 200660069.376.34$4,162
Jun 200650066.286.38$3,314
May 200656066.016.42$3,697
Apr 200654064.397.36$3,477
Mar 200666056.707.08$3,742
Feb 200657057.597.75$3,283
Jan 200668060.598.93$4,120
Dec 200552054.9413.42$2,857
Nov 200555054.6910.59$3,008
Oct 200556058.3413.80$3,267
Sep 200551061.4512.08$3,134
Aug 200554061.519.80$3,322
Jul 200572055.697.84$4,010
Jun 200565052.337.38$3,401
May 200596045.226.65$4,341
Apr 20050049.207.36$0
Mar 200552050.377.15$2,619
Feb 200538045.226.31$1,718
Jan 200565043.166.32$2,805
Dec 200457039.866.75$2,272
Nov 200483045.286.33$3,758
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 200452042.375.55$2,203
Jul 200463038.286.08$2,412
Jun 200448036.106.43$1,733
May 200463037.486.49$2,361
Apr 200460034.475.86$2,068
Mar 200468034.365.53$2,336
Feb 200455032.455.51$1,785
Jan 2004112032.036.30$3,587
Dec 20030030.266.30$0
Nov 200365028.804.60$1,872
Oct 200338028.174.76$1,070
Sep 200370026.314.75$1,842
Aug 200339029.765.13$1,161
Jul 200391029.415.17$2,676
Jun 20030028.565.98$0
May 200379026.595.97$2,101
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
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 200239024.663.58$962
Apr 20020023.653.51$0
Mar 200263022.003.10$1,386
Feb 2002130018.222.38$2,369
Jan 2002171017.172.38$2,936
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 200055031.875.19$1,753
Aug 200046029.644.54$1,363
Jul 2000161028.534.09$4,593
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20001466024.513.12$3,765
Mar 200005128.422.86$146
Feb 200001027.622.73$27
Jan 20001553925.272.48$4,014
Dec 199903624.282.42$87
Nov 199904523.192.43$110
Oct 19991825020.982.80$3,959
Sep 199904121.752.62$107
Aug 199904219.262.88$121
Jul 199904117.892.37$97
Jun 199904315.942.36$102
May 19991873915.792.32$3,043
Apr 199904715.102.21$104
Mar 199903212.471.84$59
Feb 19990459.981.82$82
Jan 19991094910.381.90$1,225
Dec 19980469.201.77$82
Nov 19981335210.892.19$1,562
Oct 199806312.421.97$124
Sep 199802812.592.08$58
Aug 199802711.301.91$52
Jul 199802911.742.24$65
Jun 19981502411.242.24$1,740
May 199805612.622.21$124
Apr 199805813.042.51$145
Mar 19981467112.802.31$2,033
Feb 199806613.952.30$152
Jan 19981477014.702.15$2,312
Dec 19971508616.322.41$2,655
Nov 1997010518.193.09$324
Oct 1997010219.253.15$321
Sep 19979210817.742.95$1,951
Aug 1997909617.862.55$1,853
Jul 19979612017.582.25$1,957
Jun 19971037317.242.26$1,941
May 19978410418.972.31$1,834
Apr 19971484317.882.08$2,736
Mar 199705218.951.94$101
Feb 1997703420.492.21$1,509
Jan 19971037123.483.54$2,670
Dec 1996888223.32$2,052
Nov 19961039121.97$2,263
Oct 19961037423.31$2,401
Sep 19961116822.22$2,466
Aug 19961806320.26$3,647
Jul 199606119.55$0
Jun 19961196218.73$2,229
May 19961346419.43$2,604
Apr 19961156221.51$2,474
Mar 19961056219.38$2,035
Feb 19961155716.98$1,953
Jan 19961837017.07$3,124
Dec 1995638217.19$1,083
Nov 199515111116.00$2,416
Oct 19951676315.43$2,577
Sep 19951097316.18$1,764
Aug 19951348115.92$2,133
Jul 1995989515.24$1,494
Jun 19951048016.41$1,707
May 199512410517.56$2,177
Apr 1995999317.73$1,755
Mar 199512514016.44$2,055
Feb 199510513716.58$1,741
Jan 199511017715.92$1,751
Dec 19945823315.03$872
Nov 199411022615.90$1,749
Oct 199412513415.58$1,948
Sep 199410912915.29$1,667
Aug 199411911316.13$1,919
Jul 199412410717.56$2,177
Jun 199412410517.09$2,119
May 199410910215.88$1,731
Apr 199411413414.14$1,612
Mar 199413512312.46$1,682
Feb 199412012112.50$1,500
Jan 199413617912.66$1,722
Dec 199311018012.33$1,356
Nov 199325020614.49$3,623
Oct 1993019015.85$0
Sep 199315518215.03$2,330
Aug 199313418515.66$2,098
Jul 199312919815.46$1,994
Jun 199312417816.79$2,082
May 199329517117.68$5,216
Apr 1993013918.05$0
Mar 199315013918.14$2,721
Feb 1993014417.90$0
Jan 199316317416.93$2,760

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                    0 bbl  × $ 98.93 =         $0
Casinghead gas        70 Mcf  × $  2.87 =       $201

────────────────────────────────────────────────────
Month total                                     $201

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/8407 is the state's own key, not one this site invented.