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Texas oil lease

Producing

WATSON, L. M. STATE

Watson, L. M. State is an oil lease in Ward County, Texas, operated by Jetta Operating Company, Inc. in the Scott (Delaware) field.

2 wells

648bbl oil, last 12 months−22% vs prior year
Operator
Jetta Operating Company, Inc.
County
Ward County
Field
Scott (Delaware)
RRC lease
08-26850

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Where it sits

This county

Ward CountyWardWinklerCraneLovingReevesEctorWard County
Ward County
Gas, last 12 months
7,032 mcf
Oil in Jul 2026
50 bbl

Production by month

Oil output fell 22% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for WATSON, L. M. STATE, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 648 bbl in the 12 months through Jul 2026, against 833 bbl in the 12 months before.Last 12 months: 648 bblbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for WATSON, L. M. STATE, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 648 bbl in the 12 months through Jul 2026, against 833 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Aug 2025 the lease's gas goes to a processing plant instead of a transmission line

  • Processing plant (3)
  • Transmission line (2)
Since Aug 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of WATSON, L. M. STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2025 the lease's gas goes to a processing plant instead of a transmission line.Share of the lease’s gas by disposition code, per month0%50%100%Aug 2025: line to plantOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Aug 2025 the lease's gas goes to a processing plant instead of a transmission lineShare of WATSON, L. M. STATE gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2025 the lease's gas goes to a processing plant instead of a transmission line.Share of gas by disposition code0%50%100%Aug 25: line to plantJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    90% · 7,032 mcf

  • Transmission line (2)

    10.0% · 778 mcf

Who has run this lease

The operator changed once, most recently in Aug 2025

Operators of this lease over timePitts Energy Co., Jan 2020 to Jul 2025; Jetta Operating Company, Inc., Aug 2025 to Jul 20262020202120222023202420252026Changed Aug 2025Pitts Energy Co.Jan 2020 to Jul 2025Jetta Operating Company, Inc.Aug 2025 to now
Operators of this lease over timePitts Energy Co., Jan 2020 to Jul 2025; Jetta Operating Company, Inc., Aug 2025 to Jul 20262020202120222023202420252026Changed Aug 2025Pitts Energy Co.Jan 2020 to Jul 2025Jetta Operating Company, Inc.Aug 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on WATSON, L. M. STATE
API numberWell no.Status
42-475-321711Active
42-475-357362Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2026–
Brazos Midstream Operating, LLCCasinghead gasBuys100May 1, 2017–
Brazos Midstream Operating, LLCCasinghead gasGathers100May 1, 2017–
Enterprise Crude Oil LLCOilGathers100Apr 1, 2018Jul 1, 2026

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

Who buys my oilOil price check

80 acres on the newest permit

Permits for Watson, L. M. State
API numberWell no.Acreson the permit
42-475-35736280
42-475-32171180
42-475-321711 U80

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

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36 months, newest first

Ledger for WATSON, L. M. STATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Jetta Operating5006116110$80.46$2.89
Jun 2026Jetta Operating47176000$84.81$3.15
May 2026Jetta Operating5707247240$102.13$2.94
Apr 2026Jetta Operating5307877870$100.32$2.77
Mar 2026Jetta Operating5407677670$91.38$3.04
Feb 2026Jetta Operating571775565560$64.51$3.62
Jan 2026Jetta Operating5306336330$60.04$7.72
Dec 2025Jetta Operating621706216210$57.97$4.26
Nov 2025Jetta Operating6305105100$60.06$3.79
Oct 2025Jetta Operating4505445440$60.89$3.19
Sep 2025Jetta Operating4805425420$63.96$2.97
Aug 2025Jetta Operating591747377370$64.86$2.91
Jul 2025Pitts Energy580000$68.39$3.20
Jun 2025Pitts Energy570000$68.17$3.02
May 2025Pitts Energy50168000$62.17$3.12
Apr 2025Pitts Energy5607787780$63.54$3.42
Mar 2025Pitts Energy821758628620$68.24$4.12
Feb 2025Pitts Energy6207657650$71.53$4.19
Jan 2025Pitts Energy7808548540$75.74$4.13
Dec 2024Pitts Energy671667547540$70.12$3.01
Nov 2024Pitts Energy5207207200$69.95$2.12
Oct 2024Pitts Energy1311721,5721,5720$71.99$2.20
Sep 2024Pitts Energy7408658650$70.24$2.28
Aug 2024Pitts Energy661738298290$76.68$1.99
Jul 2024Pitts Energy1581701,6581,6580$81.80$2.07
Jun 2024Pitts Energy1581661,7071,7070$79.77$2.54
May 2024Pitts Energy7601,1311,1310$80.02$2.12
Apr 2024Pitts Energy1601651,7001,7000$85.35$1.60
Mar 2024Pitts Energy1791541,7931,7930$81.28$1.49
Feb 2024Pitts Energy1841861,6631,6630$77.25$1.72
Jan 2024Pitts Energy1881741,3901,3900$74.15$3.18
Dec 2023Pitts Energy1621911,5241,5240$71.90$2.52
Nov 2023Pitts Energy1691721,6381,6380$77.69$2.71
Oct 2023Pitts Energy2051801,6961,6960$85.64$2.98
Sep 2023Pitts Energy1661761,7881,7880$89.43$2.64
Aug 2023Pitts Energy1611821,2361,2360$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorJetta Operating Company, Inc.FieldScott (Delaware)CountyWard County

Jetta Operating Company, Inc. in Ward County

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Scott (Delaware) field

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