WATKINS, J. L. A/C 1

Name: WATKINS, J. L. A/C 1 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by V-F PETROLEUM INC. (P-5 880375) 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 6782District 7CField 85279200OilCasinghead gasSave Export

Value, all time

$273 k

Jan 1993 – Jul 2002

Value, last 12 filed months

$3 k

at the published price for each month

Months reported

115

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.”

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	11,093 bbl	$216,231
Casinghead gas	Production	37,353 Mcf	$57,077
Total			$273,308

19,114 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 31.3572, -101.6037. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.35724, -101.60368 · 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

7,795 ft

1 wells filed one

Completion to plug

26.4 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 7,795 ft.

Completions filed

Dec 1975

1 of 1 wells

Plug dates filed

May 2002

1 of 1 wells

Last completion to plug: a median of 26.4 years across the 1 well that filed both dates, with the middle half between 26.4 years and 26.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-38330687	1	7,795 ft	Dec 1975	May 2002	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 (115)

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

115 months


Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	64	16	24.66	3.58	$1,636
Apr 2002	0	11	23.65	3.51	$39
Mar 2002	0	9	22.00	3.10	$28
Feb 2002	0	10	18.22	2.38	$24
Jan 2002	0	11	17.17	2.38	$26
Dec 2001	9	13	16.93	2.36	$183
Nov 2001	9	9	18.07	2.41	$184
Oct 2001	9	2	19.78	2.53	$183
Sep 2001	18	0	24.26	2.25	$437
Aug 2001	17	0	24.87	3.05	$423
Jul 2001	81	43	23.93	3.20	$2,076
Jun 2001	0	86	24.56	3.82	$329
May 2001	87	117	25.52	4.31	$2,724
Apr 2001	85	68	24.68	5.34	$2,461
Mar 2001	180	36	24.54	5.38	$4,611
Feb 2001	93	216	27.75	5.77	$3,826
Jan 2001	188	268	27.47	8.40	$7,415
Dec 2000	0	343	26.88	9.12	$3,129
Nov 2000	181	387	32.21	5.66	$8,020
Oct 2000	185	420	31.23	5.15	$7,939
Sep 2000	90	457	31.87	5.19	$5,239
Aug 2000	264	529	29.64	4.54	$10,227
Jul 2000	0	182	28.53	4.09	$744
Jun 2000	83	349	29.30	4.40	$3,967
May 2000	88	369	27.26	3.68	$3,757
Apr 2000	168	560	24.51	3.12	$5,863
Mar 2000	181	570	28.42	2.86	$6,774
Feb 2000	179	572	27.62	2.73	$6,504
Jan 2000	96	338	25.27	2.48	$3,264
Dec 1999	184	537	24.28	2.42	$5,769
Nov 1999	1	509	23.19	2.43	$1,262
Oct 1999	181	636	20.98	2.80	$5,581
Sep 1999	132	874	21.75	2.62	$5,160
Aug 1999	271	729	19.26	2.88	$7,316
Jul 1999	165	637	17.89	2.37	$4,463
Jun 1999	1	56	15.94	2.36	$148
May 1999	0	113	15.79	2.32	$262
Apr 1999	0	167	15.10	2.21	$369
Mar 1999	0	188	12.47	1.84	$346
Feb 1999	0	169	9.98	1.82	$307
Jan 1999	0	202	10.38	1.90	$384
Dec 1998	0	198	9.20	1.77	$351
Nov 1998	0	203	10.89	2.19	$444
Oct 1998	0	209	12.42	1.97	$412
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	0	27	11.24	2.24	$60
May 1998	0	380	12.62	2.21	$838
Apr 1998	0	225	13.04	2.51	$564
Mar 1998	0	392	12.80	2.31	$905
Feb 1998	217	386	13.95	2.30	$3,915
Jan 1998	0	426	14.70	2.15	$918
Dec 1997	0	440	16.32	2.41	$1,061
Nov 1997	178	441	18.19	3.09	$4,600
Oct 1997	92	481	19.25	3.15	$3,286
Sep 1997	0	383	17.74	2.95	$1,132
Aug 1997	0	380	17.86	2.55	$971
Jul 1997	243	335	17.58	2.25	$5,025
Jun 1997	276	336	17.24	2.26	$5,517
May 1997	0	487	18.97	2.31	$1,124
Apr 1997	307	422	17.88	2.08	$6,368
Mar 1997	0	474	18.95	1.94	$919
Feb 1997	0	424	20.49	2.21	$935
Jan 1997	123	382	23.48	3.54	$4,240
Dec 1996	0	429	23.32	—	$0
Nov 1996	199	422	21.97	—	$4,372
Oct 1996	124	485	23.31	—	$2,890
Sep 1996	120	441	22.22	—	$2,666
Aug 1996	124	511	20.26	—	$2,512
Jul 1996	110	509	19.55	—	$2,151
Jun 1996	120	491	18.73	—	$2,248
May 1996	93	520	19.43	—	$1,807
Apr 1996	90	346	21.51	—	$1,936
Mar 1996	75	27	19.38	—	$1,454
Feb 1996	201	382	16.98	—	$3,413
Jan 1996	55	427	17.07	—	$939
Dec 1995	82	460	17.19	—	$1,410
Nov 1995	165	577	16.00	—	$2,640
Oct 1995	73	226	15.43	—	$1,126
Sep 1995	74	150	16.18	—	$1,197
Aug 1995	150	171	15.92	—	$2,388
Jul 1995	92	429	15.24	—	$1,402
Jun 1995	84	399	16.41	—	$1,378
May 1995	90	390	17.56	—	$1,580
Apr 1995	165	387	17.73	—	$2,925
Mar 1995	170	518	16.44	—	$2,795
Feb 1995	140	388	16.58	—	$2,321
Jan 1995	109	426	15.92	—	$1,735
Dec 1994	171	423	15.03	—	$2,570
Nov 1994	165	416	15.90	—	$2,624
Oct 1994	154	413	15.58	—	$2,399
Sep 1994	0	31	15.29	—	$0
Aug 1994	160	462	16.13	—	$2,581
Jul 1994	165	461	17.56	—	$2,897
Jun 1994	135	389	17.09	—	$2,307
May 1994	170	394	15.88	—	$2,700
Apr 1994	165	439	14.14	—	$2,333
Mar 1994	170	447	12.46	—	$2,118
Feb 1994	154	389	12.50	—	$1,925
Jan 1994	170	441	12.66	—	$2,152
Dec 1993	171	455	12.33	—	$2,108
Nov 1993	165	457	14.49	—	$2,391
Oct 1993	171	512	15.85	—	$2,710
Sep 1993	262	625	15.03	—	$3,938
Aug 1993	61	325	15.66	—	$955
Jul 1993	100	188	15.46	—	$1,546
Jun 1993	121	189	16.79	—	$2,032
May 1993	171	476	17.68	—	$3,023
Apr 1993	165	335	18.05	—	$2,978
Mar 1993	171	451	18.14	—	$3,102
Feb 1993	154	402	17.90	—	$2,757
Jan 1993	171	483	16.93	—	$2,895

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.

May 2002 — as filed, then multipliedworked

Oil                   64 bbl  × $ 24.66 =     $1,578
Casinghead gas        16 Mcf  × $  3.58 =        $57

────────────────────────────────────────────────────
Month total                                   $1,636

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/6782 is the state's own key, not one this site invented.