WATSON

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

Operated by PIONEER NATURAL RES. USA, INC. (P-5 665748) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12190District 7CField 85279200NGPA filingOilCasinghead gasSave Export

Value, all time

$308 k

Jan 1993 – Jun 2005

Value, last 12 filed months

at the published price for each month

Months reported

150

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered

1904-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-03-08.

The Commission's schedule remark for this field reads: “AREA) 85279200.”

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
Oil	Disposition	9,628 bbl	$180,310
Casinghead gas	Production	63,631 Mcf	$127,630
Total			$307,940

22,053 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 31.3701, -101.7094. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.37010, -101.70937 · 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

8,200 ft

1 wells filed one

Completion to plug

18.2 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 8,200 ft.

Completions filed

Apr 1987

1 of 1 wells

Plug dates filed

Jun 2005

1 of 1 wells

Last completion to plug: a median of 18.2 years across the 1 well that filed both dates, with the middle half between 18.2 years and 18.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-38333784	1	8,200 ft	Apr 1987	Jun 2005	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 (150)

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

150 months


Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	28	0	36.10	6.43	$1,011
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	98	29.41	5.17	$507
Jun 2003	0	154	28.56	5.98	$921
May 2003	0	179	26.59	5.97	$1,069
Apr 2003	0	178	26.67	5.41	$963
Mar 2003	0	113	31.14	6.10	$689
Feb 2003	194	214	33.48	7.93	$8,191
Jan 2003	0	354	30.31	5.58	$1,976
Dec 2002	0	416	26.91	4.85	$2,019
Nov 2002	0	377	24.66	4.14	$1,560
Oct 2002	183	373	26.46	4.23	$6,420
Sep 2002	0	414	27.44	3.64	$1,505
Aug 2002	0	394	25.96	3.16	$1,247
Jul 2002	0	174	24.58	3.06	$533
Jun 2002	185	363	23.73	3.34	$5,602
May 2002	0	434	24.66	3.58	$1,555
Apr 2002	0	266	23.65	3.51	$934
Mar 2002	189	387	22.00	3.10	$5,359
Feb 2002	0	330	18.22	2.38	$784
Jan 2002	0	373	17.17	2.38	$886
Dec 2001	0	406	16.93	2.36	$960
Nov 2001	190	424	18.07	2.41	$4,453
Oct 2001	0	352	19.78	2.53	$890
Sep 2001	0	168	24.26	2.25	$378
Aug 2001	0	452	24.87	3.05	$1,380
Jul 2001	0	461	23.93	3.20	$1,474
Jun 2001	179	455	24.56	3.82	$6,136
May 2001	0	456	25.52	4.31	$1,964
Apr 2001	0	454	24.68	5.34	$2,422
Mar 2001	186	460	24.54	5.38	$7,038
Feb 2001	0	431	27.75	5.77	$2,486
Jan 2001	0	458	27.47	8.40	$3,847
Dec 2000	0	468	26.88	9.12	$4,269
Nov 2000	185	469	32.21	5.66	$8,612
Oct 2000	0	456	31.23	5.15	$2,346
Sep 2000	0	468	31.87	5.19	$2,427
Aug 2000	181	489	29.64	4.54	$7,585
Jul 2000	0	475	28.53	4.09	$1,943
Jun 2000	0	473	29.30	4.40	$2,080
May 2000	186	488	27.26	3.68	$6,866
Apr 2000	0	473	24.51	3.12	$1,474
Mar 2000	0	477	28.42	2.86	$1,364
Feb 2000	174	444	27.62	2.73	$6,016
Jan 2000	0	455	25.27	2.48	$1,129
Dec 1999	0	472	24.28	2.42	$1,144
Nov 1999	184	477	23.19	2.43	$5,428
Oct 1999	0	471	20.98	2.80	$1,321
Sep 1999	0	471	21.75	2.62	$1,233
Aug 1999	184	499	19.26	2.88	$4,979
Jul 1999	0	503	17.89	2.37	$1,193
Jun 1999	0	490	15.94	2.36	$1,157
May 1999	187	491	15.79	2.32	$4,092
Apr 1999	0	1,251	15.10	2.21	$2,762
Mar 1999	184	491	12.47	1.84	$3,197
Feb 1999	0	364	9.98	1.82	$662
Jan 1999	0	278	10.38	1.90	$528
Dec 1998	185	665	9.20	1.77	$2,881
Nov 1998	0	1,460	10.89	2.19	$3,191
Oct 1998	2	619	12.42	1.97	$1,244
Sep 1998	181	1,077	12.59	2.08	$4,522
Aug 1998	0	1,358	11.30	1.91	$2,590
Jul 1998	0	1,583	11.74	2.24	$3,542
Jun 1998	185	1,184	11.24	2.24	$4,728
May 1998	0	592	12.62	2.21	$1,306
Apr 1998	187	986	13.04	2.51	$4,909
Mar 1998	0	593	12.80	2.31	$1,370
Feb 1998	0	484	13.95	2.30	$1,113
Jan 1998	192	556	14.70	2.15	$4,020
Dec 1997	0	618	16.32	2.41	$1,490
Nov 1997	193	638	18.19	3.09	$5,481
Oct 1997	0	707	19.25	3.15	$2,227
Sep 1997	189	580	17.74	2.95	$5,067
Aug 1997	0	749	17.86	2.55	$1,914
Jul 1997	0	958	17.58	2.25	$2,153
Jun 1997	190	767	17.24	2.26	$5,007
May 1997	0	961	18.97	2.31	$2,218
Apr 1997	191	679	17.88	2.08	$4,829
Mar 1997	1	457	18.95	1.94	$905
Feb 1997	0	428	20.49	2.21	$944
Jan 1997	191	418	23.48	3.54	$5,964
Dec 1996	188	478	23.32	—	$4,384
Nov 1996	0	487	21.97	—	$0
Oct 1996	1	515	23.31	—	$23
Sep 1996	190	518	22.22	—	$4,222
Aug 1996	0	466	20.26	—	$0
Jul 1996	182	452	19.55	—	$3,558
Jun 1996	185	245	18.73	—	$3,465
May 1996	0	314	19.43	—	$0
Apr 1996	0	136	21.51	—	$0
Mar 1996	199	101	19.38	—	$3,857
Feb 1996	0	391	16.98	—	$0
Jan 1996	0	429	17.07	—	$0
Dec 1995	183	440	17.19	—	$3,146
Nov 1995	0	422	16.00	—	$0
Oct 1995	180	470	15.43	—	$2,777
Sep 1995	182	454	16.18	—	$2,945
Aug 1995	0	460	15.92	—	$0
Jul 1995	186	463	15.24	—	$2,835
Jun 1995	0	456	16.41	—	$0
May 1995	189	198	17.56	—	$3,319
Apr 1995	0	296	17.73	—	$0
Mar 1995	184	548	16.44	—	$3,025
Feb 1995	0	466	16.58	—	$0
Jan 1995	189	469	15.92	—	$3,009
Dec 1994	0	500	15.03	—	$0
Nov 1994	184	498	15.90	—	$2,926
Oct 1994	1	515	15.58	—	$16
Sep 1994	189	485	15.29	—	$2,890
Aug 1994	0	497	16.13	—	$0
Jul 1994	180	504	17.56	—	$3,161
Jun 1994	166	501	17.09	—	$2,837
May 1994	0	507	15.88	—	$0
Apr 1994	184	514	14.14	—	$2,602
Mar 1994	171	524	12.46	—	$2,131
Feb 1994	0	474	12.50	—	$0
Jan 1994	183	522	12.66	—	$2,317
Dec 1993	0	540	12.33	—	$0
Nov 1993	182	562	14.49	—	$2,637
Oct 1993	187	554	15.85	—	$2,964
Sep 1993	0	553	15.03	—	$0
Aug 1993	177	535	15.66	—	$2,772
Jul 1993	174	553	15.46	—	$2,690
Jun 1993	0	530	16.79	—	$0
May 1993	179	464	17.68	—	$3,165
Apr 1993	182	384	18.05	—	$3,285
Mar 1993	185	566	18.14	—	$3,356
Feb 1993	0	524	17.90	—	$0
Jan 1993	180	573	16.93	—	$3,047

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 2004 — as filed, then multipliedworked

Oil                   28 bbl  × $ 36.10 =     $1,011
Casinghead gas         0 Mcf  × $  6.43 =         $0

────────────────────────────────────────────────────
Month total                                   $1,011

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/O/12190 is the state's own key, not one this site invented.