PAYNE

Name: PAYNE lease production and value, Nov 2000 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LEGACY RESERVES OPERATING LP (P-5 495445) in the HUXLEY (6100) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 181353District 06Field 439408502 tax incentive programmesCondensateGasSave Export

Value, all time

$7.1 M

Nov 2000 – Jun 2018

Value, last 12 filed months

at the published price for each month

Months reported

212

no gaps in the span

Streams

condensate, gas

The HUXLEY (6100) 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 157 leases and 157 wells, and the rule below applies to all of them.

Discovered

1980-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2006-12-05.

The Commission's schedule remark for this field reads: “OPTIONS ADOPTED.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2001-10-19	143410
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
Condensate	Disposition	734 bbl	$32,473
Gas	Production	1,233,221 Mcf	$7,068,869
Total			$7,101,342

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 31.7257, -93.9236. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.72573, -93.92356 · 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

6,258 ft

1 wells filed one

Completion to plug

17.6 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 6,258 ft.

Completions filed

Nov 2000

1 of 1 wells

Plug dates filed

Jun 2018

1 of 1 wells

Last completion to plug: a median of 17.6 years across the 1 well that filed both dates, with the middle half between 17.6 years and 17.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-41930754	1	6,258 ft	Nov 2000	Jun 2018	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 (212)

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

212 months


Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	589	101.10	2.57	$1,514
Jan 2012	0	838	98.09	2.73	$2,291
Dec 2011	0	711	96.87	3.24	$2,303
Nov 2011	0	211	95.72	3.31	$699
Oct 2011	0	362	84.98	3.65	$1,321
Sep 2011	0	310	83.62	3.99	$1,236
Aug 2011	0	390	83.40	4.15	$1,618
Jul 2011	0	414	94.14	4.52	$1,870
Jun 2011	0	29	92.90	4.64	$135
May 2011	0	364	98.13	4.40	$1,603
Apr 2011	0	1,793	105.96	4.33	$7,770
Mar 2011	0	2,382	96.36	4.06	$9,665
Feb 2011	0	2,530	85.64	4.18	$10,575
Jan 2011	0	315	86.50	4.59	$1,445
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	422	80.84	3.80	$1,602
Oct 2010	0	176	78.10	3.51	$618
Sep 2010	0	547	72.63	3.98	$2,177
Aug 2010	0	116	73.68	4.42	$513
Jul 2010	0	47	72.55	4.74	$223
Jun 2010	0	277	70.36	4.91	$1,360
May 2010	0	46	71.12	4.24	$195
Apr 2010	0	4,053	81.69	4.12	$16,709
Mar 2010	0	5,551	78.39	4.39	$24,362
Feb 2010	158	3,540	73.58	5.44	$30,892
Jan 2010	0	3,508	74.36	5.96	$20,922
Dec 2009	0	4,290	71.44	5.48	$23,525
Nov 2009	0	4,925	74.59	3.75	$18,476
Oct 2009	0	5,610	72.54	4.11	$23,059
Sep 2009	0	5,607	65.54	3.06	$17,184
Aug 2009	0	5,521	67.42	3.22	$17,769
Jul 2009	0	5,855	61.13	3.46	$20,285
Jun 2009	0	4,249	66.16	3.90	$16,550
May 2009	0	5,740	54.74	3.93	$22,534
Apr 2009	0	5,544	46.77	3.59	$19,889
Mar 2009	0	6,410	42.14	4.06	$26,018
Feb 2009	0	3,108	32.81	4.63	$14,399
Jan 2009	0	5,768	35.86	5.37	$30,980
Dec 2008	0	5,641	37.10	5.98	$33,717
Nov 2008	0	5,624	55.49	6.86	$38,583
Oct 2008	0	5,751	75.24	6.92	$39,808
Sep 2008	0	5,618	101.76	7.88	$44,253
Aug 2008	0	5,629	114.22	8.48	$47,751
Jul 2008	0	5,615	131.08	11.39	$63,952
Jun 2008	0	6,287	131.33	13.03	$81,936
May 2008	0	6,779	123.17	11.57	$78,462
Apr 2008	0	6,313	110.31	10.45	$66,002
Mar 2008	0	5,809	101.90	9.66	$56,139
Feb 2008	0	4,535	92.53	8.77	$39,775
Jan 2008	0	5,853	90.38	8.21	$48,028
Dec 2007	0	7,641	88.33	7.30	$55,794
Nov 2007	0	3,665	91.67	7.29	$26,724
Oct 2007	0	5,948	82.85	6.92	$41,172
Sep 2007	0	4,528	75.84	6.24	$28,274
Aug 2007	0	6,080	69.06	6.39	$38,839
Jul 2007	0	5,969	70.90	6.39	$38,130
Jun 2007	0	6,255	62.00	7.55	$47,216
May 2007	0	5,640	58.74	7.85	$44,253
Apr 2007	0	5,956	59.61	7.81	$46,488
Mar 2007	0	4,331	56.92	7.30	$31,625
Feb 2007	0	5,876	55.10	8.22	$48,277
Jan 2007	0	6,367	50.30	6.73	$42,830
Dec 2006	185	6,853	56.65	6.92	$57,892
Nov 2006	0	7,011	54.20	7.62	$53,406
Oct 2006	0	6,717	54.90	6.01	$40,395
Sep 2006	0	6,578	60.08	5.04	$33,135
Aug 2006	0	6,499	68.71	7.34	$47,702
Jul 2006	0	7,177	69.37	6.34	$45,522
Jun 2006	0	6,943	66.28	6.38	$44,323
May 2006	0	6,168	66.01	6.42	$39,629
Apr 2006	0	6,943	64.39	7.36	$51,104
Mar 2006	0	7,596	56.70	7.08	$53,802
Feb 2006	0	6,332	57.59	7.75	$49,080
Jan 2006	0	7,430	60.59	8.93	$66,375
Dec 2005	0	7,044	54.94	13.42	$94,498
Nov 2005	0	6,792	54.69	10.59	$71,916
Oct 2005	0	6,626	58.34	13.80	$91,411
Sep 2005	0	6,541	61.45	12.08	$79,009
Aug 2005	0	6,928	61.51	9.80	$67,873
Jul 2005	0	6,934	55.69	7.84	$54,388
Jun 2005	0	6,956	52.33	7.38	$51,343
May 2005	0	7,784	45.22	6.65	$51,773
Apr 2005	0	7,731	49.20	7.36	$56,904
Mar 2005	0	8,561	50.37	7.15	$61,253
Feb 2005	0	7,821	45.22	6.31	$49,366
Jan 2005	0	8,456	43.16	6.32	$53,461
Dec 2004	0	9,176	39.86	6.75	$61,948
Nov 2004	0	7,097	45.28	6.33	$44,927
Oct 2004	0	8,410	49.70	6.52	$54,792
Sep 2004	0	7,499	43.24	5.28	$39,624
Aug 2004	0	8,682	42.37	5.55	$48,191
Jul 2004	1	8,505	38.28	6.08	$51,784
Jun 2004	0	8,290	36.10	6.43	$53,330
May 2004	0	8,117	37.48	6.49	$52,717
Apr 2004	0	7,926	34.47	5.86	$46,434
Mar 2004	0	8,944	34.36	5.53	$49,462
Feb 2004	0	9,020	32.45	5.51	$49,697
Jan 2004	0	9,206	32.03	6.30	$57,994
Dec 2003	0	10,481	30.26	6.30	$66,047
Nov 2003	1	8,292	28.80	4.60	$38,132
Oct 2003	0	9,490	28.17	4.76	$45,169
Sep 2003	1	7,292	26.31	4.75	$34,659
Aug 2003	0	8,897	29.76	5.13	$45,639
Jul 2003	176	10,592	29.41	5.17	$59,946
Jun 2003	0	8,976	28.56	5.98	$53,703
May 2003	0	11,267	26.59	5.97	$67,294
Apr 2003	1	10,690	26.67	5.41	$57,830
Mar 2003	0	10,445	31.14	6.10	$63,673
Feb 2003	2	10,383	33.48	7.93	$82,361
Jan 2003	0	11,810	30.31	5.58	$65,924
Dec 2002	0	12,595	26.91	4.85	$61,133
Nov 2002	0	12,669	24.66	4.14	$52,411
Oct 2002	1	12,342	26.46	4.23	$52,222
Sep 2002	0	12,955	27.44	3.64	$47,094
Aug 2002	0	13,813	25.96	3.16	$43,707
Jul 2002	0	14,497	24.58	3.06	$44,386
Jun 2002	0	14,477	23.73	3.34	$48,328
May 2002	0	15,907	24.66	3.58	$57,011
Apr 2002	0	15,928	23.65	3.51	$55,944
Mar 2002	0	14,962	22.00	3.10	$46,423
Feb 2002	0	14,518	18.22	2.38	$34,490
Jan 2002	0	15,968	17.17	2.38	$37,935
Dec 2001	0	16,231	16.93	2.36	$38,377
Nov 2001	0	15,257	18.07	2.41	$36,701
Oct 2001	0	19,544	19.78	2.53	$49,424
Sep 2001	0	21,437	24.26	2.25	$48,262
Aug 2001	0	25,233	24.87	3.05	$77,040
Jul 2001	208	24,364	23.93	3.20	$82,871
Jun 2001	0	26,539	24.56	3.82	$101,489
May 2001	0	31,957	25.52	4.31	$137,649
Apr 2001	0	34,246	24.68	5.34	$182,713
Mar 2001	0	39,879	24.54	5.38	$214,407
Feb 2001	0	32,526	27.75	5.77	$187,580
Jan 2001	0	43,147	27.47	8.40	$362,381
Dec 2000	0	53,658	26.88	9.12	$489,495
Nov 2000	0	58,806	32.21	5.66	$332,724

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 2012 — as filed, then multipliedworked

Condensate             0 bbl  × $101.10 =         $0
Gas                  589 Mcf  × $  2.57 =     $1,514

────────────────────────────────────────────────────
Month total                                   $1,514

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. 06/G/181353 is the state's own key, not one this site invented.