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Royalty Clerk

Texas gas well

Producing

WATT 02

Watt 02 is a gas well in Live Oak County, Texas, operated by Marathon Oil Ef LLC in the Sugarkane (Eagle Ford) field.

1 well

2,270mcf gas, last 12 months−48% vs prior year
RRC lease
02-269376

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Where it sits

This county

Live Oak CountyLive OakAtascosaGoliadMcMullenKarnesSan PatricioBeeLive Oak County
Live Oak County
Gas in Jul 2026
100 mcf
Reporting since
Jan 2020

Production by month

Gas output fell 48% over the last 12 months

  • Gas (bars)
  • Last 12 months
Gas output fell 48% over the last 12 monthsMonthly gas production for WATT 02, Aug 2023 to Jul 2026. Gas output fell 48% over the last 12 months. 2,270 mcf in the 12 months through Jul 2026, against 4,372 mcf in the 12 months before.Last 12 months: 2,270 mcfmcf per month0200400600800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 48% over the last 12 monthsMonthly gas production for WATT 02, Aug 2023 to Jul 2026. Gas output fell 48% over the last 12 months. 2,270 mcf in the 12 months through Jul 2026, against 4,372 mcf in the 12 months before.Last 12 monthsmcf per month0200400600800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

All of the gas went to a processing plant in the last 12 monthsShare of WATT 02 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of WATT 02 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Mar 2023

Operators of this lease over timeEnsign Operating LLC, Jan 2020 to Feb 2023; Marathon Oil Ef LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Mar 2023Ensign Operating LLCJan 2020 to Feb 2023Marathon Oil Ef LLCMar 2023 to now
Operators of this lease over timeEnsign Operating LLC, Jan 2020 to Feb 2023; Marathon Oil Ef LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Mar 2023Ensign Operating LLCJan 2020 to Feb 2023Marathon Oil Ef LLCMar 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on WATT 02
API numberWell no.Status
42-297-3523601HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCCondensateGathers50Mar 1, 2023–
Enterprise Crude Pipeline LLCCondensateGathers50Mar 1, 2023–
Marathon Oil Ef LLCGas-well gasBuys100Mar 1, 2023–
Marathon Oil Ef LLCGas-well gasGathers100Mar 1, 2023–
Gulfmark Energy, Inc.CondensateGathers100Oct 2, 2019Mar 1, 2023
Ensign Operating LLCGas-well gasGathers100Oct 2, 2019Mar 1, 2023
Ensign Operating LLCGas-well gasBuys100Oct 2, 2019Mar 1, 2023
Ensign Operating LLCCondensateGathers50Oct 1, 2019Oct 2, 2019
Enterprise Crude Oil LLCCondensateGathers25Oct 1, 2019Oct 2, 2019
Enterprise Crude Pipeline LLCCondensateGathers25Oct 1, 2019Oct 2, 2019

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

640 acres on the newest permit

Permits for Watt 02
API numberWell no.Acreson the permit
42-297-3523601H640

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

What ConocoPhillips told investors it received

Marathon Oil Ef LLC is linked to ConocoPhillips (MRO).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for WATT 02
MonthGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Marathon Oil1001000$80.46$2.89
Jun 2026Marathon Oil000$84.81$3.15
May 2026Marathon Oil2272270$102.13$2.94
Apr 2026Marathon Oil1421420$100.32$2.77
Mar 2026Marathon Oil1241240$91.38$3.04
Feb 2026Marathon Oil000$64.51$3.62
Jan 2026Marathon Oil1211210$60.04$7.72
Dec 2025Marathon Oil000$57.97$4.26
Nov 2025Marathon Oil1861860$60.06$3.79
Oct 2025Marathon Oil4414410$60.89$3.19
Sep 2025Marathon Oil4284280$63.96$2.97
Aug 2025Marathon Oil5015010$64.86$2.91
Jul 2025Marathon Oil5495490$68.39$3.20
Jun 2025Marathon Oil6026020$68.17$3.02
May 2025Marathon Oil5345340$62.17$3.12
Apr 2025Marathon Oil4974970$63.54$3.42
Mar 2025Marathon Oil5735730$68.24$4.12
Feb 2025Marathon Oil23230$71.53$4.19
Jan 2025Marathon Oil43430$75.74$4.13
Dec 2024Marathon Oil56560$70.12$3.01
Nov 2024Marathon Oil2842840$69.95$2.12
Oct 2024Marathon Oil3403400$71.99$2.20
Sep 2024Marathon Oil3913910$70.24$2.28
Aug 2024Marathon Oil4804800$76.68$1.99
Jul 2024Marathon Oil2132130$81.80$2.07
Jun 2024Marathon Oil39390$79.77$2.54
May 2024Marathon Oil64640$80.02$2.12
Apr 2024Marathon Oil2632630$85.35$1.60
Mar 2024Marathon Oil4304300$81.28$1.49
Feb 2024Marathon Oil6146140$77.25$1.72
Jan 2024Marathon Oil3513510$74.15$3.18
Dec 2023Marathon Oil6026020$71.90$2.52
Nov 2023Marathon Oil4904900$77.69$2.71
Oct 2023Marathon Oil5275270$85.64$2.98
Sep 2023Marathon Oil6816810$89.43$2.64
Aug 2023Marathon Oil5825820$81.39$2.58

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

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Nearby

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