WATKINS HEIRS

Name: WATKINS HEIRS lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by FURRY PRODUCING COMPANY (P-5 291650) in the SIPE SPRINGS (MARBLE FALLS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 18317District 7BField 83788333NGPA filingGasSave Export

Value, all time

$76 k

Jan 1993 – Sep 2008

Value, last 12 filed months

$381

at the published price for each month

Months reported

189

no gaps in the span

Streams

gas

The SIPE SPRINGS (MARBLE FALLS) 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 59 leases and 59 wells, and the rule below applies to all of them.

Discovered

1921-03-09

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

The Commission's schedule remark for this field reads: “RULES RESCINDED PER ORD NO 7B-92656 EFFECTIVE 3/13/89.”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Gas	Production	22,262 Mcf	$76,048
Total			$76,048

7,299 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 (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 32.0771, -98.9078. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.07706, -98.90777 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

2,855 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

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 2,855 ft.

Plug dates filed

Sep 2008

1 of 1 wells

1 well


42-09380035	1	2,855 ft	—	Sep 2008	Yes

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 (189)

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

189 months


Sep 2008	0	101.76	7.88	$0
Aug 2008	0	114.22	8.48	$0
Jul 2008	0	131.08	11.39	$0
Jun 2008	0	131.33	13.03	$0
May 2008	0	123.17	11.57	$0
Apr 2008	0	110.31	10.45	$0
Mar 2008	0	101.90	9.66	$0
Feb 2008	0	92.53	8.77	$0
Jan 2008	0	90.38	8.21	$0
Dec 2007	0	88.33	7.30	$0
Nov 2007	0	91.67	7.29	$0
Oct 2007	55	82.85	6.92	$381
Sep 2007	143	75.84	6.24	$893
Aug 2007	168	69.06	6.39	$1,073
Jul 2007	163	70.90	6.39	$1,041
Jun 2007	140	62.00	7.55	$1,057
May 2007	179	58.74	7.85	$1,404
Apr 2007	181	59.61	7.81	$1,413
Mar 2007	110	56.92	7.30	$803
Feb 2007	54	55.10	8.22	$444
Jan 2007	0	50.30	6.73	$0
Dec 2006	93	56.65	6.92	$643
Nov 2006	121	54.20	7.62	$922
Oct 2006	145	54.90	6.01	$872
Sep 2006	101	60.08	5.04	$509
Aug 2006	142	68.71	7.34	$1,042
Jul 2006	141	69.37	6.34	$894
Jun 2006	118	66.28	6.38	$753
May 2006	114	66.01	6.42	$732
Apr 2006	101	64.39	7.36	$743
Mar 2006	106	56.70	7.08	$751
Feb 2006	88	57.59	7.75	$682
Jan 2006	89	60.59	8.93	$795
Dec 2005	133	54.94	13.42	$1,784
Nov 2005	167	54.69	10.59	$1,768
Oct 2005	174	58.34	13.80	$2,400
Sep 2005	142	61.45	12.08	$1,715
Aug 2005	156	61.51	9.80	$1,528
Jul 2005	150	55.69	7.84	$1,177
Jun 2005	133	52.33	7.38	$982
May 2005	149	45.22	6.65	$991
Apr 2005	132	49.20	7.36	$972
Mar 2005	140	50.37	7.15	$1,002
Feb 2005	113	45.22	6.31	$713
Jan 2005	129	43.16	6.32	$816
Dec 2004	125	39.86	6.75	$844
Nov 2004	133	45.28	6.33	$842
Oct 2004	141	49.70	6.52	$919
Sep 2004	145	43.24	5.28	$766
Aug 2004	151	42.37	5.55	$838
Jul 2004	161	38.28	6.08	$980
Jun 2004	146	36.10	6.43	$939
May 2004	146	37.48	6.49	$948
Apr 2004	133	34.47	5.86	$779
Mar 2004	146	34.36	5.53	$807
Feb 2004	88	32.45	5.51	$485
Jan 2004	122	32.03	6.30	$769
Dec 2003	151	30.26	6.30	$952
Nov 2003	164	28.80	4.60	$754
Oct 2003	145	28.17	4.76	$690
Sep 2003	153	26.31	4.75	$727
Aug 2003	275	29.76	5.13	$1,411
Jul 2003	225	29.41	5.17	$1,163
Jun 2003	0	28.56	5.98	$0
May 2003	85	26.59	5.97	$508
Apr 2003	58	26.67	5.41	$314
Mar 2003	88	31.14	6.10	$536
Feb 2003	98	33.48	7.93	$777
Jan 2003	118	30.31	5.58	$659
Dec 2002	112	26.91	4.85	$544
Nov 2002	122	24.66	4.14	$505
Oct 2002	118	26.46	4.23	$499
Sep 2002	125	27.44	3.64	$454
Aug 2002	114	25.96	3.16	$361
Jul 2002	113	24.58	3.06	$346
Jun 2002	103	23.73	3.34	$344
May 2002	118	24.66	3.58	$423
Apr 2002	102	23.65	3.51	$358
Mar 2002	125	22.00	3.10	$388
Feb 2002	165	18.22	2.38	$392
Jan 2002	147	17.17	2.38	$349
Dec 2001	170	16.93	2.36	$402
Nov 2001	0	18.07	2.41	$0
Oct 2001	132	19.78	2.53	$334
Sep 2001	150	24.26	2.25	$338
Aug 2001	157	24.87	3.05	$479
Jul 2001	127	23.93	3.20	$406
Jun 2001	101	24.56	3.82	$386
May 2001	92	25.52	4.31	$396
Apr 2001	90	24.68	5.34	$480
Mar 2001	90	24.54	5.38	$484
Feb 2001	77	27.75	5.77	$444
Jan 2001	77	27.47	8.40	$647
Dec 2000	100	26.88	9.12	$912
Nov 2000	139	32.21	5.66	$786
Oct 2000	102	31.23	5.15	$525
Sep 2000	153	31.87	5.19	$794
Aug 2000	125	29.64	4.54	$568
Jul 2000	117	28.53	4.09	$479
Jun 2000	106	29.30	4.40	$466
May 2000	96	27.26	3.68	$353
Apr 2000	81	24.51	3.12	$252
Mar 2000	95	28.42	2.86	$272
Feb 2000	56	27.62	2.73	$153
Jan 2000	78	25.27	2.48	$193
Dec 1999	84	24.28	2.42	$204
Nov 1999	81	23.19	2.43	$197
Oct 1999	103	20.98	2.80	$289
Sep 1999	104	21.75	2.62	$272
Aug 1999	102	19.26	2.88	$293
Jul 1999	107	17.89	2.37	$254
Jun 1999	53	15.94	2.36	$125
May 1999	56	15.79	2.32	$130
Apr 1999	60	15.10	2.21	$132
Mar 1999	57	12.47	1.84	$105
Feb 1999	55	9.98	1.82	$100
Jan 1999	54	10.38	1.90	$103
Dec 1998	70	9.20	1.77	$124
Nov 1998	71	10.89	2.19	$155
Oct 1998	85	12.42	1.97	$167
Sep 1998	87	12.59	2.08	$181
Aug 1998	91	11.30	1.91	$174
Jul 1998	125	11.74	2.24	$280
Jun 1998	117	11.24	2.24	$262
May 1998	100	12.62	2.21	$221
Apr 1998	87	13.04	2.51	$218
Mar 1998	73	12.80	2.31	$169
Feb 1998	83	13.95	2.30	$191
Jan 1998	93	14.70	2.15	$200
Dec 1997	79	16.32	2.41	$190
Nov 1997	116	18.19	3.09	$358
Oct 1997	122	19.25	3.15	$384
Sep 1997	128	17.74	2.95	$378
Aug 1997	126	17.86	2.55	$322
Jul 1997	144	17.58	2.25	$324
Jun 1997	130	17.24	2.26	$293
May 1997	136	18.97	2.31	$314
Apr 1997	117	17.88	2.08	$244
Mar 1997	147	18.95	1.94	$285
Feb 1997	140	20.49	2.21	$309
Jan 1997	138	23.48	3.54	$488
Dec 1996	143	23.32	—	$0
Nov 1996	165	21.97	—	$0
Oct 1996	164	23.31	—	$0
Sep 1996	164	22.22	—	$0
Aug 1996	173	20.26	—	$0
Jul 1996	167	19.55	—	$0
Jun 1996	152	18.73	—	$0
May 1996	158	19.43	—	$0
Apr 1996	141	21.51	—	$0
Mar 1996	134	19.38	—	$0
Feb 1996	120	16.98	—	$0
Jan 1996	129	17.07	—	$0
Dec 1995	162	17.19	—	$0
Nov 1995	171	16.00	—	$0
Oct 1995	184	15.43	—	$0
Sep 1995	190	16.18	—	$0
Aug 1995	172	15.92	—	$0
Jul 1995	139	15.24	—	$0
Jun 1995	155	16.41	—	$0
May 1995	158	17.56	—	$0
Apr 1995	107	17.73	—	$0
Mar 1995	121	16.44	—	$0
Feb 1995	118	16.58	—	$0
Jan 1995	143	15.92	—	$0
Dec 1994	164	15.03	—	$0
Nov 1994	194	15.90	—	$0
Oct 1994	194	15.58	—	$0
Sep 1994	182	15.29	—	$0
Aug 1994	179	16.13	—	$0
Jul 1994	145	17.56	—	$0
Jun 1994	131	17.09	—	$0
May 1994	117	15.88	—	$0
Apr 1994	139	14.14	—	$0
Mar 1994	148	12.46	—	$0
Feb 1994	118	12.50	—	$0
Jan 1994	139	12.66	—	$0
Dec 1993	152	12.33	—	$0
Nov 1993	163	14.49	—	$0
Oct 1993	175	15.85	—	$0
Sep 1993	178	15.03	—	$0
Aug 1993	171	15.66	—	$0
Jul 1993	156	15.46	—	$0
Jun 1993	142	16.79	—	$0
May 1993	140	17.68	—	$0
Apr 1993	148	18.05	—	$0
Mar 1993	131	18.14	—	$0
Feb 1993	129	17.90	—	$0
Jan 1993	134	16.93	—	$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.

Oct 2007 — as filed, then multipliedworked

Gas                   55 Mcf  × $  6.92 =       $381

────────────────────────────────────────────────────
Month total                                     $381

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. 7B/G/18317 is the state's own key, not one this site invented.