WATKINS "1204"

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 17631District 7CField 85279200OilCasinghead gasSaveExport
Value, all time
$7.0 M
Aug 2011 – Jun 2023
Value, last 12 filed months
$59 k
at the published price for each month
Months reported
143
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 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.

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
OilDisposition93,843 bbl$6,175,546
Casinghead gasProduction252,128 Mcf$819,041
Total$6,994,587

Wells on this lease (3)

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 31.3517, -101.6367. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

31.35245, -101.63742 · 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%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
10,677 ft
3 wells filed one
Completion to plug
10.0 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
3100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
3100.0%
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

Between 10,402 and 10,697 ft, median 10,677 ft, over the 3 wells that filed a depth.

Completions filed
Aug 2011 – Dec 2013
3 of 3 wells
Plug dates filed
Nov 2021 – Apr 2023
3 of 3 wells

Last completion to plug: a median of 10.0 years across the 3 wells that filed both dates, with the middle half between 9.0 years and 10.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-38337477310,677 ftDec 2013Nov 2021Yes
42-38338139410,697 ftApr 2013Apr 2023Yes
42-38337232110,402 ftAug 2011Dec 2021Yes

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 (143)

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

143 months

Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20234072.852.39$291
Feb 20235075.112.47$376
Jan 20239076.533.39$689
Dec 20220076.415.73$0
Nov 202230085.005.65$2,550
Oct 20220087.185.86$0
Sep 20221611484.888.16$13,780
Aug 202216112594.529.13$16,359
Jul 2022239130101.587.54$25,258
Jun 202232162115.097.98$4,975
May 20222537109.378.43$3,046
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 202110077.435.24$774
Oct 20213113479.795.71$3,239
Sep 2021114169.865.35$824
Aug 2021312566.024.22$726
Jul 2021412570.783.98$781
Jun 20218812169.493.38$6,524
May 202118716763.483.02$12,375
Apr 202130835560.362.76$19,570
Mar 202139632061.302.72$25,144
Feb 202116238657.805.55$11,505
Jan 202147297450.412.81$26,531
Dec 20205451,00144.642.68$27,007
Nov 202053275838.772.71$22,677
Oct 202057073636.972.48$22,897
Sep 202058397437.091.99$23,563
Aug 20206161,06739.982.39$27,173
Jul 202090199338.371.83$36,384
Jun 20208911,30534.901.69$33,302
May 20207511,69916.921.81$15,790
Apr 20201,0641,06114.751.80$17,608
Mar 20201,24139630.341.86$38,387
Feb 20203811,17849.881.98$21,338
Jan 20205921,57957.252.09$37,200
Dec 20196951,68659.012.30$44,897
Nov 20195651,68355.302.75$35,874
Oct 20199122,21753.472.42$54,127
Sep 20195962,20355.052.66$38,664
Aug 20193221,38853.112.30$20,300
Jul 201939463556.272.46$23,733
Jun 20198211,86752.782.49$47,983
May 20198011,96358.482.74$52,222
Apr 20195771,42462.632.75$40,055
Mar 20191,3681,20856.803.06$81,401
Feb 20191,0242,07550.852.79$57,864
Jan 20198081,62246.033.23$42,428
Dec 20185771,99846.594.19$35,245
Nov 20186372,14752.934.24$42,814
Oct 20185992,15261.443.40$44,115
Sep 20185792,29259.543.11$41,597
Aug 20184802,23659.403.07$35,369
Jul 20184842,14665.142.93$37,820
Jun 20185602,04460.183.08$39,990
May 20185402,39865.382.90$42,261
Apr 20185092,19263.842.90$38,853
Mar 20185062,35961.222.79$37,551
Feb 20186382,09961.782.77$45,222
Jan 20185692,38062.874.01$45,315
Dec 20175812,37557.272.92$40,212
Nov 20176782,44955.423.12$45,212
Oct 20177022,41849.292.98$41,816
Sep 20175322,58047.523.09$33,246
Aug 20175582,27645.373.00$32,154
Jul 20176182,66643.873.09$35,342
Jun 20172461,70042.493.09$15,701
May 20174432,84945.373.26$29,396
Apr 20175232,83547.933.21$34,172
Mar 20175332,66546.772.98$32,880
Feb 20175352,56550.452.95$34,564
Jan 20175092,88949.413.42$35,027
Dec 20166022,83148.763.72$39,893
Nov 20164802,77442.492.64$27,731
Oct 20166903,00646.193.09$41,160
Sep 20161,0033,07241.553.10$51,200
Aug 20167413,25741.442.92$40,232
Jul 20167623,18141.622.92$41,017
Jun 20169343,13245.352.69$50,769
May 20169143,19642.521.99$45,227
Apr 20161,0263,19836.561.99$43,878
Mar 20161,2493,46333.011.79$47,442
Feb 20168043,24026.472.06$27,968
Jan 20167883,33327.352.36$29,432
Dec 20151,0473,57332.362.00$41,032
Nov 20158153,52138.792.17$39,245
Oct 20158053,56943.552.43$43,718
Sep 20157223,36242.992.76$40,313
Aug 20158303,90740.162.87$44,556
Jul 20159374,00848.152.95$56,920
Jun 20151,0563,15456.152.88$68,387
May 20151,1872,43055.212.96$72,716
Apr 20159432,27649.822.71$53,140
Mar 20151,1733,27842.892.93$59,930
Feb 20158312,77144.662.98$45,359
Jan 20151,2793,29543.433.10$65,764
Dec 20141,2313,11754.693.59$78,518
Nov 20141,0532,81570.464.25$86,163
Oct 20141,4183,30778.303.90$123,930
Sep 20141,3203,77786.164.05$129,011
Aug 20141,3553,99889.394.04$137,256
Jul 20141,5494,09596.564.18$166,687
Jun 20141,4143,32098.164.74$154,525
May 20141,5404,08094.734.73$165,169
Apr 20141,7334,23595.944.81$186,631
Mar 20142,0485,34595.895.06$223,411
Feb 20141,6233,82797.406.19$181,777
Jan 20142,3454,31790.404.86$232,972
Dec 20131,7862,91891.824.35$176,697
Nov 20138442,18388.853.74$83,150
Oct 20139422,46997.423.78$101,101
Sep 20138882,940104.113.72$103,380
Aug 20131,0343,250104.253.52$119,243
Jul 20131,3352,531102.523.72$146,274
Jun 20136452,44894.403.93$70,517
May 20138062,79394.834.15$88,021
Apr 2013873093.964.28$82,027
Mar 201334135493.623.91$33,310
Feb 201329350691.233.42$28,461
Jan 201331452891.603.42$30,568
Dec 201243559586.773.42$39,780
Nov 201247367686.953.62$43,578
Oct 201249869589.383.40$46,874
Sep 201247783594.672.92$47,594
Aug 201248536292.662.91$45,993
Jul 201244350885.133.02$39,247
Jun 20124101,11379.822.52$35,530
May 20126211,03691.612.49$59,468
Apr 2012609120101.652.00$62,144
Mar 2012704532105.052.22$75,137
Feb 2012870852101.102.57$90,147
Jan 20121,1151,44398.092.73$113,316
Dec 201175790396.873.24$76,256
Nov 20117371,36495.723.31$75,062
Oct 20117291,00184.983.65$65,603
Sep 201174571783.623.99$65,155
Aug 201137365283.404.15$33,814

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.

Mar 2023 — as filed, then multipliedworked
Oil                    4 bbl  × $ 72.85 =       $291
Casinghead gas         0 Mcf  × $  2.39 =         $0

────────────────────────────────────────────────────
Month total                                     $291

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/17631 is the state's own key, not one this site invented.