RAY 27

Name: RAY 27 lease production and value, Nov 2011 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LAREDO PETROLEUM, INC. (P-5 486610) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 41864District 08Field 85280300OilCasinghead gasSave Export

Value, all time

$14.1 M

Nov 2011 – Mar 2020

Value, last 12 filed months

$80 k

at the published price for each month

Months reported

101

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered

1952-12-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2018-02-13.

The Commission's schedule remark for this field reads: “SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.”

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
Oil	Disposition	132,272 bbl	$11,263,765
Casinghead gas	Production	843,503 Mcf	$2,841,621
Total			$14,105,387

Wells on this lease (3)

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 31.7153, -101.3615. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.71574, -101.36122 · 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%

3 of 3 wells

With a plug date

66.7%

2 of 3 wells

Median depth

9,800 ft

3 wells filed one

Completion to plug

10.9 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

266.7%

BothOn the schedule and plugged. Neither fact cancels the other.

266.7%

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

Between 9,738 and 9,839 ft, median 9,800 ft, over the 3 wells that filed a depth.

Completions filed

Mar 2012 – Mar 2017

3 of 3 wells

Plug dates filed

Mar 2025 – Dec 2025

2 of 3 wells; 1 filed none

Last completion to plug: a median of 10.9 years across the 2 wells that filed both dates, with the middle half between 9.4 years and 12.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-17334475	1	9,738 ft	Mar 2017	Mar 2025	Yes
42-17335542	27P	9,839 ft	Jun 2015	—	Yes
42-17334712	2	9,800 ft	Mar 2012	Dec 2025	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 (101)

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

101 months


Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	598	1,003	56.27	2.46	$36,117
Jun 2019	0	1,633	52.78	2.49	$4,068
May 2019	190	3,096	58.48	2.74	$19,595
Apr 2019	195	2,964	62.63	2.75	$20,366
Mar 2019	191	2,380	56.80	3.06	$18,137
Feb 2019	7	2,146	50.85	2.79	$6,348
Jan 2019	541	3,793	46.03	3.23	$37,147
Dec 2018	350	3,923	46.59	4.19	$32,726
Nov 2018	180	2,107	52.93	4.24	$18,455
Oct 2018	355	3,919	61.44	3.40	$35,128
Sep 2018	355	4,067	59.54	3.11	$33,777
Aug 2018	364	4,491	59.40	3.07	$35,394
Jul 2018	551	5,691	65.14	2.93	$52,577
Jun 2018	584	5,389	60.18	3.08	$51,727
May 2018	175	4,927	65.38	2.90	$25,734
Apr 2018	573	5,048	63.84	2.90	$51,224
Mar 2018	555	5,662	61.22	2.79	$49,756
Feb 2018	394	5,161	61.78	2.77	$38,617
Jan 2018	567	4,430	62.87	4.01	$53,409
Dec 2017	763	5,774	57.27	2.92	$60,566
Nov 2017	2	5,722	55.42	3.12	$17,954
Oct 2017	384	6,223	49.29	2.98	$37,495
Sep 2017	400	6,560	47.52	3.09	$39,261
Aug 2017	376	4,646	45.37	3.00	$31,018
Jul 2017	5	1,748	43.87	3.09	$5,616
Jun 2017	738	5,919	42.49	3.09	$49,631
May 2017	377	6,085	45.37	3.26	$36,962
Apr 2017	367	4,177	47.93	3.21	$31,005
Mar 2017	378	4,227	46.77	2.98	$30,291
Feb 2017	188	2,719	50.45	2.95	$17,513
Jan 2017	383	3,116	49.41	3.42	$29,577
Dec 2016	415	3,831	48.76	3.72	$34,498
Nov 2016	562	4,371	42.49	2.64	$35,438
Oct 2016	375	4,233	46.19	3.09	$30,402
Sep 2016	185	4,352	41.55	3.10	$21,181
Aug 2016	360	4,816	41.44	2.92	$29,002
Jul 2016	378	5,016	41.62	2.92	$30,401
Jun 2016	546	6,184	45.35	2.69	$41,370
May 2016	582	7,524	42.52	1.99	$39,727
Apr 2016	683	5,914	36.56	1.99	$36,745
Mar 2016	368	7,539	33.01	1.79	$25,673
Feb 2016	544	6,163	26.47	2.06	$27,118
Jan 2016	906	6,495	27.35	2.36	$40,136
Dec 2015	181	6,744	32.36	2.00	$19,355
Nov 2015	727	8,256	38.79	2.17	$46,094
Oct 2015	365	9,524	43.55	2.43	$39,007
Sep 2015	1,272	10,243	42.99	2.76	$82,938
Aug 2015	723	10,216	40.16	2.87	$58,381
Jul 2015	700	10,885	48.15	2.95	$65,762
Jun 2015	1,054	9,382	56.15	2.88	$86,229
May 2015	887	10,656	55.21	2.96	$80,465
Apr 2015	1,063	10,381	49.82	2.71	$81,056
Mar 2015	893	11,322	42.89	2.93	$71,528
Feb 2015	688	9,348	44.66	2.98	$58,548
Jan 2015	351	6,930	43.43	3.10	$36,731
Dec 2014	1,201	13,235	54.69	3.59	$113,214
Nov 2014	1,194	12,260	70.46	4.25	$136,257
Oct 2014	1,089	16,717	78.30	3.90	$150,481
Sep 2014	1,509	17,055	86.16	4.05	$199,010
Aug 2014	1,565	17,429	89.39	4.04	$210,223
Jul 2014	1,203	14,040	96.56	4.18	$174,843
Jun 2014	1,533	13,575	98.16	4.74	$214,782
May 2014	2,816	16,351	94.73	4.73	$344,044
Apr 2014	1,594	15,785	95.94	4.81	$228,840
Mar 2014	2,578	16,273	95.89	5.06	$329,494
Feb 2014	1,918	10,621	97.40	6.19	$252,578
Jan 2014	2,948	15,479	90.40	4.86	$341,738
Dec 2013	2,087	14,242	91.82	4.35	$253,645
Nov 2013	513	3,500	88.85	3.74	$58,664
Oct 2013	1,228	5,396	97.42	3.78	$140,025
Sep 2013	2,979	15,311	104.11	3.72	$367,066
Aug 2013	3,975	16,681	104.25	3.52	$473,154
Jul 2013	1,615	12,761	102.52	3.72	$213,012
Jun 2013	1,445	13,426	94.40	3.93	$189,218
May 2013	4,315	17,510	94.83	4.15	$481,842
Apr 2013	2,585	15,828	93.96	4.28	$310,671
Mar 2013	709	9,115	93.62	3.91	$102,042
Feb 2013	182	7,662	91.23	3.42	$42,807
Jan 2013	1,901	12,601	91.60	3.42	$217,226
Dec 2012	3,868	20,704	86.77	3.42	$406,437
Nov 2012	2,307	15,699	86.95	3.62	$257,502
Oct 2012	1,614	11,073	89.38	3.40	$181,904
Sep 2012	1,218	5,237	94.67	2.92	$130,592
Aug 2012	3,115	20,524	92.66	2.91	$348,323
Jul 2012	3,521	18,334	85.13	3.02	$355,126
Jun 2012	4,287	11,490	79.82	2.52	$371,132
May 2012	7,354	22,419	91.61	2.49	$729,486
Apr 2012	7,920	23,401	101.65	2.00	$851,795
Mar 2012	5,083	11,954	105.05	2.22	$560,532
Feb 2012	2,541	7,777	101.10	2.57	$276,884
Jan 2012	9,238	22,151	98.09	2.73	$966,718
Dec 2011	8,216	14,731	96.87	3.24	$843,609
Nov 2011	1,414	6,085	95.72	3.31	$155,497

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.

Jul 2019 — as filed, then multipliedworked

Oil                  598 bbl  × $ 56.27 =    $33,649
Casinghead gas     1,003 Mcf  × $  2.46 =     $2,467

────────────────────────────────────────────────────
Month total                                  $36,117

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. 08/O/41864 is the state's own key, not one this site invented.