WATSON RANCH

Operated by EPIC PERMIAN OPERATING, LLC (P-5 253404) in the OZONA (CANYON SAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 158768District 7CField 679952002 tax incentive programmesGasSaveExport
Value, all time
$411 k
Apr 1996 – Jun 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
315
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 2,312 leases and 2,323 wells, and the rule below applies to all of them.

Discovered
1962-02-23
as the register files it
Field class
Oil and gas
the register's own label
Between wells
600 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2006-09-12.

The Commission's schedule remark for this field reads: ZONE TO BE SET UP IN OZONA (CANYON SAND, OIL).

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
High Cost Gas111996-07-18134981
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
GasProduction116,264 Mcf$411,208
Total$411,208

18,927 Mcf of this lease's gas, across 9 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 30.3919, -101.4007. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.39192, -101.40073 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
6,510 ft
1 wells filed one
Completion to plug
26.2 years
median over 1 well

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 6,510 ft.

Completions filed
Apr 1996
1 of 1 wells
Plug dates filed
Jun 2022
1 of 1 wells

Last completion to plug: a median of 26.2 years across the 1 well that filed both dates, with the middle half between 26.2 years and 26.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-1053718226076,510 ftApr 1996Jun 2022Yes

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 (315)

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

315 months

Jun 20220115.097.98$0
May 20220109.378.43$0
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 2022091.054.86$0
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 2021070.783.98$0
Jun 2021069.493.38$0
May 2021063.483.02$0
Apr 2021060.362.76$0
Mar 2021061.302.72$0
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 2020038.772.71$0
Oct 2020036.972.48$0
Sep 2020037.091.99$0
Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 2020034.901.69$0
May 2020016.921.81$0
Apr 2020014.751.80$0
Mar 2020030.341.86$0
Feb 2020049.881.98$0
Jan 2020057.252.09$0
Dec 2019059.012.30$0
Nov 2019055.302.75$0
Oct 2019053.472.42$0
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 2019056.272.46$0
Jun 2019052.782.49$0
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 2019056.803.06$0
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 2018059.543.11$0
Aug 2018059.403.07$0
Jul 2018065.142.93$0
Jun 2018060.183.08$0
May 2018065.382.90$0
Apr 2018063.842.90$0
Mar 2018061.222.79$0
Feb 2018061.782.77$0
Jan 2018062.874.01$0
Dec 2017057.272.92$0
Nov 2017055.423.12$0
Oct 2017049.292.98$0
Sep 2017047.523.09$0
Aug 2017045.373.00$0
Jul 2017043.873.09$0
Jun 2017042.493.09$0
May 2017045.373.26$0
Apr 2017047.933.21$0
Mar 2017046.772.98$0
Feb 2017050.452.95$0
Jan 2017049.413.42$0
Dec 2016048.763.72$0
Nov 2016042.492.64$0
Oct 2016046.193.09$0
Sep 2016041.553.10$0
Aug 2016041.442.92$0
Jul 2016041.622.92$0
Jun 2016045.352.69$0
May 2016042.521.99$0
Apr 2016036.561.99$0
Mar 2016033.011.79$0
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 2015032.362.00$0
Nov 2015038.792.17$0
Oct 2015043.552.43$0
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 2015048.152.95$0
Jun 2015056.152.88$0
May 2015055.212.96$0
Apr 2015049.822.71$0
Mar 2015042.892.93$0
Feb 2015044.662.98$0
Jan 2015043.433.10$0
Dec 2014054.693.59$0
Nov 2014070.464.25$0
Oct 20141078.303.90$39
Sep 2014086.164.05$0
Aug 2014089.394.04$0
Jul 2014096.564.18$0
Jun 2014098.164.74$0
May 2014094.734.73$0
Apr 2014095.944.81$0
Mar 2014095.895.06$0
Feb 2014197.406.19$6
Jan 2014290.404.86$10
Dec 20135391.824.35$231
Nov 2013088.853.74$0
Oct 2013097.423.78$0
Sep 20130104.113.72$0
Aug 20130104.253.52$0
Jul 201319102.523.72$71
Jun 20131794.403.93$67
May 2013794.834.15$29
Apr 2013093.964.28$0
Mar 2013093.623.91$0
Feb 2013091.233.42$0
Jan 2013091.603.42$0
Dec 2012086.773.42$0
Nov 2012086.953.62$0
Oct 2012789.383.40$24
Sep 2012094.672.92$0
Aug 2012092.662.91$0
Jul 2012085.133.02$0
Jun 2012079.822.52$0
May 2012091.612.49$0
Apr 20120101.652.00$0
Mar 20122105.052.22$4
Feb 201261101.102.57$157
Jan 201210298.092.73$279
Dec 201110496.873.24$337
Nov 20119695.723.31$318
Oct 20119884.983.65$358
Sep 201111083.623.99$438
Aug 201111383.404.15$469
Jul 201110794.144.52$483
Jun 201111892.904.64$548
May 201113898.134.40$608
Apr 2011143105.964.33$620
Mar 201120696.364.06$836
Feb 201125685.644.18$1,070
Jan 201120686.504.59$945
Dec 201017285.734.35$748
Nov 201015780.843.80$596
Oct 201012178.103.51$425
Sep 20107472.633.98$294
Aug 201012373.684.42$544
Jul 201013372.554.74$630
Jun 201012170.364.91$594
May 201019271.124.24$813
Apr 201013081.694.12$536
Mar 201020378.394.39$891
Feb 201010873.585.44$588
Jan 201022774.365.96$1,354
Dec 200922171.445.48$1,212
Nov 200922174.593.75$829
Oct 200924672.544.11$1,011
Sep 200917365.543.06$530
Aug 200915367.423.22$492
Jul 200914161.133.46$488
Jun 200913866.163.90$538
May 200915354.743.93$601
Apr 200916946.773.59$606
Mar 200917942.144.06$727
Feb 200911332.814.63$524
Jan 200915435.865.37$827
Dec 200826137.105.98$1,560
Nov 200820455.496.86$1,400
Oct 200818975.246.92$1,308
Sep 200851101.767.88$402
Aug 2008117114.228.48$993
Jul 2008133131.0811.39$1,515
Jun 2008116131.3313.03$1,512
May 2008107123.1711.57$1,238
Apr 200881110.3110.45$847
Mar 200887101.909.66$841
Feb 200824992.538.77$2,184
Jan 200827990.388.21$2,289
Dec 200727288.337.30$1,986
Nov 200730291.677.29$2,202
Oct 200717582.856.92$1,211
Sep 200716175.846.24$1,005
Aug 200729269.066.39$1,865
Jul 200745370.906.39$2,894
Jun 200732762.007.55$2,468
May 200733458.747.85$2,621
Apr 200735659.617.81$2,779
Mar 200742556.927.30$3,103
Feb 200743955.108.22$3,607
Jan 200742750.306.73$2,872
Dec 200640156.656.92$2,774
Nov 200636154.207.62$2,750
Oct 200631054.906.01$1,864
Sep 200642560.085.04$2,141
Aug 200642168.717.34$3,090
Jul 200643869.376.34$2,778
Jun 200641666.286.38$2,656
May 200643166.016.42$2,769
Apr 200625164.397.36$1,847
Mar 200640056.707.08$2,833
Feb 200644657.597.75$3,457
Jan 200650860.598.93$4,538
Dec 200542854.9413.42$5,742
Nov 200538654.6910.59$4,087
Oct 200548158.3413.80$6,636
Sep 200544661.4512.08$5,387
Aug 200548661.519.80$4,761
Jul 200545955.697.84$3,600
Jun 200544452.337.38$3,277
May 200538945.226.65$2,587
Apr 200542349.207.36$3,113
Mar 200544750.377.15$3,198
Feb 200540945.226.31$2,582
Jan 200545043.166.32$2,845
Dec 200444839.866.75$3,024
Nov 200445845.286.33$2,899
Oct 200445549.706.52$2,964
Sep 200444643.245.28$2,357
Aug 200449342.375.55$2,736
Jul 200449138.286.08$2,987
Jun 200447336.106.43$3,043
May 200450037.486.49$3,247
Apr 200447434.475.86$2,777
Mar 200451534.365.53$2,848
Feb 200450232.455.51$2,766
Jan 200454332.036.30$3,421
Dec 200354930.266.30$3,460
Nov 200351928.804.60$2,385
Oct 200354528.174.76$2,594
Sep 200354326.314.75$2,579
Aug 200357229.765.13$2,934
Jul 200356429.415.17$2,916
Jun 200353428.565.98$3,195
May 200354626.595.97$3,261
Apr 200356126.675.41$3,033
Mar 200358131.146.10$3,542
Feb 200354233.487.93$4,296
Jan 200361030.315.58$3,405
Dec 200268026.914.85$3,301
Nov 200271124.664.14$2,941
Oct 200228326.464.23$1,197
Sep 200249827.443.64$1,810
Aug 200258125.963.16$1,838
Jul 200262724.583.06$1,920
Jun 200261223.733.34$2,043
May 200259624.663.58$2,136
Apr 200264023.653.51$2,248
Mar 200271022.003.10$2,203
Feb 200263918.222.38$1,518
Jan 200265417.172.38$1,554
Dec 200169816.932.36$1,650
Nov 200160818.072.41$1,463
Oct 200167719.782.53$1,712
Sep 200162224.262.25$1,400
Aug 200167624.873.05$2,064
Jul 200166223.933.20$2,116
Jun 200165224.563.82$2,493
May 200165025.524.31$2,800
Apr 200163724.685.34$3,399
Mar 200166624.545.38$3,581
Feb 200161327.755.77$3,535
Jan 200172327.478.40$6,072
Dec 200056426.889.12$5,145
Nov 200077732.215.66$4,396
Oct 200073031.235.15$3,756
Sep 200075031.875.19$3,890
Aug 200076229.644.54$3,460
Jul 200074528.534.09$3,047
Jun 200082429.304.40$3,623
May 200076127.263.68$2,800
Apr 200084024.513.12$2,617
Mar 200086328.422.86$2,468
Feb 200081727.622.73$2,228
Jan 200086825.272.48$2,153
Dec 199983724.282.42$2,029
Nov 199984923.192.43$2,066
Oct 199987520.982.80$2,453
Sep 199989521.752.62$2,344
Aug 199990319.262.88$2,597
Jul 199981717.892.37$1,938
Jun 199994015.942.36$2,220
May 199992715.792.32$2,152
Apr 199986715.102.21$1,914
Mar 199991612.471.84$1,684
Feb 19997519.981.82$1,365
Jan 199997410.381.90$1,851
Dec 19989519.201.77$1,686
Nov 199889510.892.19$1,956
Oct 199898612.421.97$1,942
Sep 19981,01512.592.08$2,114
Aug 19981,05311.301.91$2,008
Jul 19981,04211.742.24$2,331
Jun 19981,09811.242.24$2,457
May 19981,17912.622.21$2,601
Apr 19981,06513.042.51$2,668
Mar 19981,14912.802.31$2,654
Feb 19981,14813.952.30$2,639
Jan 19981,17514.702.15$2,532
Dec 19971,11616.322.41$2,691
Nov 19971,17518.193.09$3,629
Oct 19971,15119.253.15$3,625
Sep 19971,22217.742.95$3,611
Aug 19971,25217.862.55$3,199
Jul 19971,27017.582.25$2,854
Jun 19971,20417.242.26$2,718
May 19971,36218.972.31$3,144
Apr 19971,37417.882.08$2,862
Mar 19971,47718.951.94$2,864
Feb 19971,42920.492.21$3,152
Jan 19971,42723.483.54$5,051
Dec 19961,62423.32$0
Nov 19961,66721.97$0
Oct 19961,90623.31$0
Sep 19961,85722.22$0
Aug 19962,17520.26$0
Jul 19962,36819.55$0
Jun 19962,47718.73$0
May 19962,73219.43$0
Apr 19962,12121.51$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 2014 — as filed, then multipliedworked
Gas                   10 Mcf  × $  3.90 =        $39

────────────────────────────────────────────────────
Month total                                      $39

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. 7C/G/158768 is the state's own key, not one this site invented.