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WATKINS "1204"

Watkins "1204" is an oil lease in Reagan County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) field.

3 wells

601bbl oil, last 12 months+423% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-17631

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
431 mcf
Oil in May 2023
0 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 12 months of state data (through Jul 2026).

  • Wells

    All 3 wells on this lease are marked plugged.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output rose 423% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 423% over the last 12 monthsMonthly oil production and gas for WATKINS "1204", Jun 2020 to May 2023. Oil output rose 423% over the last 12 months. 601 bbl in the 12 months through May 2023, against 115 bbl in the 12 months before.Last 12 months: 601 bblbbl per monthmcf per month002505005001,0007501,5001,0002,000Jul 20OctJan 21AprJulOctJan 22AprJulOctJan 23Apr
Oil output rose 423% over the last 12 monthsMonthly oil production and gas for WATKINS "1204", Jun 2020 to May 2023. Oil output rose 423% over the last 12 months. 601 bbl in the 12 months through May 2023, against 115 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505005001,0007501,5001,0002,000Jul 20Jan 21JulJan 22JulJan 23

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since May 2022 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 31.8% of the gas in Jul 2020.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since May 2022 the lease's gas goes to a processing plant instead of lease fuelShare of WATKINS "1204" gas by disposition code each month, Jun 2020 to May 2023. Since May 2022 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 31.8% of the gas in Jul 2020.Share of the lease’s gas by disposition code, per month0%50%100%May 2022: fuel to plantFlared 31.8%Jul 20OctJan 21AprJulOctJan 22AprJulOctJan 23Apr
Since May 2022 the lease's gas goes to a processing plant instead of lease fuelShare of WATKINS "1204" gas by disposition code each month, Jun 2020 to May 2023. Since May 2022 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 31.8% of the gas in Jul 2020.Share of gas by disposition code0%50%100%May 22: fuel to plantFlared 31.8%Jul 20Jan 21JulJan 22JulJan 23

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    52% · 856 mcf

  • Processing plant (3)

    48% · 779 mcf

  • Flared (4)

    0.1% · 1 mcf

0.1% of the gas flared in the last 12 months. 3 months above 3%.

3 wells on this lease

Wells on WATKINS "1204"
API numberWell no.Status
42-383-372321Active
42-383-374773Shut-in
42-383-381394Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Marketing, L.p.OilGathers100Aug 5, 2011
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Nov 1, 2015
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Oct 1, 2015

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

242.90 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 242.9 and 324.4 acres. Use the acres from your own division order for the well you are paid on.

  • Good to know

    All listed wells are plugged

    The RRC wellbore records mark all listed wells as plugged. These records do not show whether earlier royalties remain payable. Ask the payor about any unpaid months.

Check your decimal on this lease
Permits for Watkins "1204"
API numberWell no.Acreson the permit
42-383-381394242.90
42-383-374773324.40
42-383-372321324.40

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for WATKINS "1204"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
May 202300000$71.58$2.15
Apr 202300000$79.45$2.16
Mar 202304000$73.28$2.31
Feb 202305000$76.83$2.38
Jan 202309000$78.12$3.27
Dec 202200000$76.44$5.53
Nov 2022030000$84.37$5.45
Oct 202200000$87.55$5.66
Sep 20222716114140$84.26$7.88
Aug 20221911611251250$93.67$8.81
Jul 20221322391301300$101.62$7.28
Jun 2022251321621620$114.84$7.70
May 2022652537361$109.55$8.14
Apr 202200000$101.78$6.60
Mar 202200000$108.50$4.90
Feb 202200000$91.64$4.69
Jan 202200000$83.22$4.38
Dec 202100000$71.71$3.76
Nov 2021010000$79.15$5.05
Oct 20211331134100$81.48$5.51
Sep 2021281141210$71.65$5.16
Aug 20214312510$67.73$4.07
Jul 20212412510$72.49$3.84
Jun 202138812110$71.38$3.26
May 2021206187167430$65.17$2.91
Apr 20212533083552350$61.72$2.66
Mar 20213813963201960$62.33$2.62
Feb 20211961623862731$59.04$5.35
Jan 20214934729748500$52.00$2.71
Dec 20204995451,0018770$47.02$2.58
Nov 20204505327586380$40.94$2.61
Oct 20206145707366120$39.40$2.39
Sep 20205795839748540$39.63$1.92
Aug 20206126161,06787172$42.34$2.30
Jul 2020894901993553316$40.71$1.76
Jun 20209438911,305953232$38.31$1.63

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area)CountyReagan County

Pioneer Natural Res. USA, Inc. in Reagan County

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Spraberry (Trend Area) field

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