MineralRecord
Log inSign up

RAY

Operated by STRAND ENERGY, L.C. (P-5 824758) in the CROW (PALUXY, LOWER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 15860District 06Field 21971410OilCasinghead gasSave
Value, all time
$15.6 M
Dec 2021 – May 2026
Value, last 12 filed months
$1.9 M
at the published price for each month
Months reported
54
no gaps in the span
Streams
2
oil, casinghead gas

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.

StreamBasisVolumeValue
OilDisposition195,417 bbl$15,573,068
Casinghead gasProduction17,183 Mcf$67,449
Total$15,640,517

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 32.6062, -95.3127. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.60619, -95.31270 · centre of the wells drawn, derived

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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
7,295 ft
1 wells filed one
Completion to plug
—
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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 7,295 ft.

Completions filed
Apr 2022
1 of 1 wells

1 well

42-4993219517,295 ftApr 2022——

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 (54)

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

54 months

May 20262,440219106.413.05$260,307
Apr 20261,93720298.932.87$192,207
Mar 20262,28825589.753.15$206,151
Feb 20262,09021163.503.75$133,506
Jan 202697914359.138.00$59,032
Dec 20251,31613456.664.41$75,156
Nov 20252,92127758.593.93$172,229
Oct 20252,43828559.383.30$145,710
Sep 20252,27718362.743.08$143,422
Aug 20252,78227663.933.01$178,685
Jul 20253,19525466.743.32$214,076
Jun 20252,24323466.483.13$149,847
May 20253,39127760.553.23$206,220
Apr 20252,25421362.363.54$141,314
Mar 20253,68732767.704.27$251,006
Feb 20252,67728470.884.34$190,979
Jan 20252,18122674.324.28$163,059
Dec 20242,22622168.993.12$154,262
Nov 20243,04530569.052.20$210,928
Oct 20243,53633671.372.28$253,131
Sep 20242,71025169.612.36$189,237
Aug 20242,71222675.632.06$205,575
Jul 20243,23928879.932.15$259,511
Jun 20242,10820178.082.63$165,122
May 20243,69429778.812.20$291,777
Apr 20243,24329784.451.66$274,364
Mar 20243,77336480.301.55$303,534
Feb 20243,27231276.091.78$249,523
Jan 20243,26832273.023.30$239,691
Dec 20234,25038971.262.61$303,871
Nov 20233,89537877.892.81$304,443
Oct 20234,56143185.443.09$391,022
Sep 20234,81439289.042.74$429,711
Aug 20235,38645180.522.67$434,886
Jul 20235,47350074.852.64$410,975
Jun 20234,71244168.962.26$325,936
May 20235,85448670.622.23$414,492
Apr 20236,31649378.122.24$494,509
Mar 20235,69548072.852.39$416,029
Feb 20235,64350875.112.47$425,098
Jan 20237,05859476.533.39$542,161
Dec 20226,19051776.415.73$475,940
Nov 20227,52663485.005.65$643,290
Oct 20226,46357887.185.86$566,834
Sep 20227,61565184.888.16$651,676
Aug 20227,80062094.529.13$742,915
Jul 20228,138620101.587.54$831,334
Jun 20227,999600115.097.98$925,391
May 20222,1070109.378.43$230,443
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0

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 2026 — as filed, then multipliedworked
Oil                2,440 bbl  × $106.41 =   $259,640
Casinghead gas       219 Mcf  × $  3.05 =       $667

────────────────────────────────────────────────────
Month total                                 $260,307

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/O/15860 is the state's own key, not one this site invented.