WATKINS 1229

Name: WATKINS 1229 lease production and value, Jun 2014 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SABLE PERMIAN RESOURCES, LLC (P-5 742251) in the LIN (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18549District 7CField 53613750OilCasinghead gasSave Export

Value, all time

$73.9 M

Jun 2014 – Jun 2020

Value, last 12 filed months

$4.3 M

at the published price for each month

Months reported

no gaps in the span

Streams

oil, casinghead gas

The LIN (WOLFCAMP) 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 515 leases and 2,325 wells, and the rule below applies to all of them.

Discovered

1984-10-08

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 40 acres. The field rule took effect on 2014-04-21.

The Commission's schedule remark for this field reads: “PER DOCKET NO. 7C-0317412, LIN (WOLFCAMP) IS A UFT FIELD. PDD”

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	1,157,344 bbl	$60,815,696
Casinghead gas	Production	4,533,406 Mcf	$13,106,744
Total			$73,922,441

Wells on this lease (9)

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 31.3565, -101.6076. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.2 miles.

31.35355, -101.60941 · 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%

9 of 9 wells

With a plug date

0.0%

0 of 9 wells

Median depth

8,212 ft

9 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

9100.0%

A plug date is filed

00.0%

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

00.0%

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

Total depth in feet, 9 of 9 wells. Median 8,212 ft, with the middle half between 7,979 and 8,288 ft; the shallowest is 7,884 ft and the deepest 8,602 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 9 of 9 wells, Jun 2014 – May 2023. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Jun 2014 – May 2023

9 of 9 wells

9 wells


42-38338614	02H	8,288 ft	May 2023	—	Yes
42-38339193	11H	7,928 ft	May 2023	—	Yes
42-38339196	13H	8,039 ft	Nov 2021	—	Yes
42-38339195	12H	8,382 ft	Oct 2021	—	Yes
42-38339198	14H	8,212 ft	Apr 2021	—	Yes
42-38338615	03H	8,602 ft	Mar 2021	—	Yes
42-38339199	15H	7,884 ft	May 2015	—	Yes
42-38339192	10H	8,245 ft	May 2015	—	Yes
42-38338609	01H	7,979 ft	Jun 2014	—	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 (73)

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

73 months


Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	6,469	67,237	49.88	1.98	$455,848
Jan 2020	6,260	76,447	57.25	2.09	$518,522
Dec 2019	7,852	82,804	59.01	2.30	$654,157
Nov 2019	8,298	76,032	55.30	2.75	$668,021
Oct 2019	7,088	63,753	53.47	2.42	$533,185
Sep 2019	6,138	61,600	55.05	2.66	$501,585
Aug 2019	5,872	63,733	53.11	2.30	$458,726
Jul 2019	6,016	66,401	56.27	2.46	$501,871
Jun 2019	7,187	71,914	52.78	2.49	$558,482
May 2019	7,541	71,890	58.48	2.74	$637,999
Apr 2019	7,871	70,274	62.63	2.75	$686,263
Mar 2019	7,914	73,939	56.80	3.06	$675,924
Feb 2019	6,030	61,089	50.85	2.79	$477,199
Jan 2019	8,635	78,255	46.03	3.23	$650,090
Dec 2018	8,881	83,290	46.59	4.19	$762,371
Nov 2018	9,748	80,567	52.93	4.24	$857,343
Oct 2018	6,858	71,081	61.44	3.40	$662,894
Sep 2018	9,530	97,789	59.54	3.11	$871,344
Aug 2018	11,014	98,035	59.40	3.07	$954,862
Jul 2018	10,518	79,547	65.14	2.93	$918,365
Jun 2018	7,910	71,599	60.18	3.08	$696,328
May 2018	10,142	86,664	65.38	2.90	$914,479
Apr 2018	10,766	92,707	63.84	2.90	$956,226
Mar 2018	12,479	93,778	61.22	2.79	$1,025,309
Feb 2018	8,400	51,422	61.78	2.77	$661,191
Jan 2018	11,716	60,595	62.87	4.01	$979,530
Dec 2017	10,500	62,390	57.27	2.92	$783,609
Nov 2017	11,140	60,773	55.42	3.12	$806,891
Oct 2017	11,989	63,171	49.29	2.98	$779,420
Sep 2017	10,150	45,119	47.52	3.09	$621,623
Aug 2017	12,460	57,107	45.37	3.00	$736,882
Jul 2017	10,749	58,630	43.87	3.09	$652,566
Jun 2017	13,020	60,033	42.49	3.09	$738,558
May 2017	12,384	49,293	45.37	3.26	$722,725
Apr 2017	11,134	35,338	47.93	3.21	$647,144
Mar 2017	12,202	52,922	46.77	2.98	$728,590
Feb 2017	13,564	44,825	50.45	2.95	$816,654
Jan 2017	13,557	47,672	49.41	3.42	$832,832
Dec 2016	15,242	55,655	48.76	3.72	$950,394
Nov 2016	15,098	52,746	42.49	2.64	$780,993
Oct 2016	16,810	60,883	46.19	3.09	$964,598
Sep 2016	16,935	59,605	41.55	3.10	$888,462
Aug 2016	18,168	62,448	41.44	2.92	$935,501
Jul 2016	17,844	58,482	41.62	2.92	$913,689
Jun 2016	16,410	52,544	45.35	2.69	$885,318
May 2016	17,347	55,675	42.52	1.99	$848,446
Apr 2016	22,344	62,352	36.56	1.99	$941,042
Mar 2016	24,095	60,530	33.01	1.79	$903,967
Feb 2016	19,594	52,946	26.47	2.06	$627,914
Jan 2016	30,389	82,158	27.35	2.36	$1,025,390
Dec 2015	29,815	84,445	32.36	2.00	$1,133,822
Nov 2015	31,926	90,942	38.79	2.17	$1,435,511
Oct 2015	35,645	107,169	43.55	2.43	$1,812,394
Sep 2015	41,014	111,903	42.99	2.76	$2,071,867
Aug 2015	43,996	119,905	40.16	2.87	$2,111,305
Jul 2015	55,086	134,693	48.15	2.95	$3,049,073
Jun 2015	71,299	154,093	56.15	2.88	$4,447,667
May 2015	37,147	28,098	55.21	2.96	$2,133,928
Apr 2015	6,500	16,628	49.82	2.71	$368,835
Mar 2015	13,437	53,324	42.89	2.93	$732,803
Feb 2015	12,563	64,388	44.66	2.98	$752,695
Jan 2015	16,165	51,920	43.43	3.10	$863,031
Dec 2014	17,421	46,558	54.69	3.59	$1,119,961
Nov 2014	20,053	22,314	70.46	4.25	$1,507,810
Oct 2014	24,764	51,080	78.30	3.90	$2,138,282
Sep 2014	30,945	61,866	86.16	4.05	$2,916,496
Aug 2014	32,260	28,341	89.39	4.04	$2,998,081
Jul 2014	38,045	0	96.56	4.18	$3,673,625
Jun 2014	9,005	0	98.16	4.74	$883,931

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.

Feb 2020 — as filed, then multipliedworked

Oil                6,469 bbl  × $ 49.88 =   $322,674
Casinghead gas    67,237 Mcf  × $  1.98 =   $133,174

────────────────────────────────────────────────────
Month total                                 $455,848

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/18549 is the state's own key, not one this site invented.