GRAY TRUST

Name: GRAY TRUST lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by PRUITT OIL & GAS (P-5 682020) in the BUCK M. (BRYSON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 18767District 09Field 12887500OilCasinghead gasSave Export

Value, all time

$790 k

Jan 1993 – Jun 2008

Value, last 12 filed months

$38 k

at the published price for each month

Months reported

186

no gaps in the span

Streams

oil, casinghead gas

The BUCK M. (BRYSON) 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 23 leases and 42 wells, and the rule below applies to all of them.

Discovered

1977-05-21

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres.

The Commission's schedule remark for this field reads: “FIELD RULES PERMANENT 1/9/84 PER DOCKET #9-80,976”

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	31,334 bbl	$789,909
Casinghead gas	Production	226 Mcf	$0
Total			$789,909

226 Mcf of this lease's gas, across 37 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (2)

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 33.6530, -98.1023. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

33.65301, -98.10227 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

5,795 ft

2 wells filed one

Completion to plug

24.5 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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

Between 4,890 and 6,700 ft, median 5,795 ft, over the 2 wells that filed a depth.

Completions filed

Nov 1977 – Feb 1989

2 of 2 wells

Plug dates filed

Sep 2007 – Mar 2008

2 of 2 wells

Last completion to plug: a median of 24.5 years across the 2 wells that filed both dates, with the middle half between 21.8 years and 27.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-07734270	2	4,890 ft	Feb 1989	Mar 2008	Yes
42-07730995	1	6,700 ft	Nov 1977	Sep 2007	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 (186)

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

186 months


Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	107	0	92.53	8.77	$9,901
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	181	0	91.67	7.29	$16,592
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	170	0	69.06	6.39	$11,740
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	181	0	62.00	7.55	$11,222
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	174	0	56.92	7.30	$9,904
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	182	0	50.30	6.73	$9,155
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	182	0	54.20	7.62	$9,864
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	172	0	68.71	7.34	$11,818
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	167	0	66.28	6.38	$11,069
May 2006	175	0	66.01	6.42	$11,552
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	180	0	56.70	7.08	$10,206
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	178	0	60.59	8.93	$10,785
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	181	0	54.69	10.59	$9,899
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	180	0	61.45	12.08	$11,061
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	175	0	55.69	7.84	$9,746
Jun 2005	175	0	52.33	7.38	$9,158
May 2005	179	0	45.22	6.65	$8,094
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	164	0	50.37	7.15	$8,261
Feb 2005	176	0	45.22	6.31	$7,959
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	180	0	39.86	6.75	$7,175
Nov 2004	179	0	45.28	6.33	$8,105
Oct 2004	179	0	49.70	6.52	$8,896
Sep 2004	177	0	43.24	5.28	$7,653
Aug 2004	172	0	42.37	5.55	$7,288
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	174	0	36.10	6.43	$6,281
May 2004	331	0	37.48	6.49	$12,406
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	169	0	34.36	5.53	$5,807
Feb 2004	186	0	32.45	5.51	$6,036
Jan 2004	182	0	32.03	6.30	$5,829
Dec 2003	179	0	30.26	6.30	$5,417
Nov 2003	174	0	28.80	4.60	$5,011
Oct 2003	180	0	28.17	4.76	$5,071
Sep 2003	178	0	26.31	4.75	$4,683
Aug 2003	178	0	29.76	5.13	$5,297
Jul 2003	181	0	29.41	5.17	$5,323
Jun 2003	172	0	28.56	5.98	$4,912
May 2003	180	0	26.59	5.97	$4,786
Apr 2003	174	0	26.67	5.41	$4,641
Mar 2003	179	0	31.14	6.10	$5,574
Feb 2003	175	0	33.48	7.93	$5,859
Jan 2003	183	0	30.31	5.58	$5,547
Dec 2002	356	0	26.91	4.85	$9,580
Nov 2002	179	0	24.66	4.14	$4,414
Oct 2002	181	0	26.46	4.23	$4,789
Sep 2002	174	0	27.44	3.64	$4,775
Aug 2002	178	0	25.96	3.16	$4,621
Jul 2002	345	0	24.58	3.06	$8,480
Jun 2002	178	0	23.73	3.34	$4,224
May 2002	354	0	24.66	3.58	$8,730
Apr 2002	355	0	23.65	3.51	$8,396
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	181	0	18.22	2.38	$3,298
Jan 2002	361	0	17.17	2.38	$6,198
Dec 2001	357	0	16.93	2.36	$6,044
Nov 2001	180	0	18.07	2.41	$3,253
Oct 2001	354	0	19.78	2.53	$7,002
Sep 2001	346	0	24.26	2.25	$8,394
Aug 2001	177	0	24.87	3.05	$4,402
Jul 2001	354	0	23.93	3.20	$8,471
Jun 2001	173	0	24.56	3.82	$4,249
May 2001	536	0	25.52	4.31	$13,679
Apr 2001	180	0	24.68	5.34	$4,442
Mar 2001	356	0	24.54	5.38	$8,736
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	174	0	26.88	9.12	$4,677
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	152	0	31.23	5.15	$4,747
Sep 2000	175	0	31.87	5.19	$5,577
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	157	0	28.53	4.09	$4,479
Jun 2000	179	0	29.30	4.40	$5,245
May 2000	0	0	27.26	3.68	$0
Apr 2000	155	0	24.51	3.12	$3,799
Mar 2000	175	0	28.42	2.86	$4,974
Feb 2000	177	0	27.62	2.73	$4,889
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	158	0	24.28	2.42	$3,836
Nov 1999	169	0	23.19	2.43	$3,919
Oct 1999	153	0	20.98	2.80	$3,210
Sep 1999	129	0	21.75	2.62	$2,806
Aug 1999	134	0	19.26	2.88	$2,581
Jul 1999	139	0	17.89	2.37	$2,487
Jun 1999	177	0	15.94	2.36	$2,821
May 1999	155	0	15.79	2.32	$2,447
Apr 1999	176	0	15.10	2.21	$2,658
Mar 1999	180	0	12.47	1.84	$2,245
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	146	0	10.38	1.90	$1,515
Dec 1998	136	0	9.20	1.77	$1,251
Nov 1998	159	0	10.89	2.19	$1,732
Oct 1998	153	0	12.42	1.97	$1,900
Sep 1998	144	0	12.59	2.08	$1,813
Aug 1998	136	0	11.30	1.91	$1,537
Jul 1998	132	0	11.74	2.24	$1,550
Jun 1998	119	0	11.24	2.24	$1,338
May 1998	153	0	12.62	2.21	$1,931
Apr 1998	123	0	13.04	2.51	$1,604
Mar 1998	166	0	12.80	2.31	$2,125
Feb 1998	176	0	13.95	2.30	$2,455
Jan 1998	173	0	14.70	2.15	$2,543
Dec 1997	179	0	16.32	2.41	$2,921
Nov 1997	177	0	18.19	3.09	$3,220
Oct 1997	182	0	19.25	3.15	$3,504
Sep 1997	175	0	17.74	2.95	$3,105
Aug 1997	177	0	17.86	2.55	$3,161
Jul 1997	174	0	17.58	2.25	$3,059
Jun 1997	175	0	17.24	2.26	$3,017
May 1997	179	0	18.97	2.31	$3,396
Apr 1997	179	0	17.88	2.08	$3,201
Mar 1997	172	0	18.95	1.94	$3,259
Feb 1997	179	0	20.49	2.21	$3,668
Jan 1997	172	0	23.48	3.54	$4,039
Dec 1996	307	0	23.32	—	$7,159
Nov 1996	0	0	21.97	—	$0
Oct 1996	172	0	23.31	—	$4,009
Sep 1996	180	0	22.22	—	$4,000
Aug 1996	297	0	20.26	—	$6,017
Jul 1996	182	0	19.55	—	$3,558
Jun 1996	174	0	18.73	—	$3,259
May 1996	179	0	19.43	—	$3,478
Apr 1996	179	0	21.51	—	$3,850
Mar 1996	176	0	19.38	—	$3,411
Feb 1996	304	0	16.98	—	$5,162
Jan 1996	159	1	17.07	—	$2,714
Dec 1995	175	1	17.19	—	$3,008
Nov 1995	325	1	16.00	—	$5,200
Oct 1995	153	1	15.43	—	$2,361
Sep 1995	181	1	16.18	—	$2,929
Aug 1995	180	1	15.92	—	$2,866
Jul 1995	287	1	15.24	—	$4,374
Jun 1995	172	1	16.41	—	$2,823
May 1995	184	1	17.56	—	$3,231
Apr 1995	332	1	17.73	—	$5,886
Mar 1995	186	1	16.44	—	$3,058
Feb 1995	178	1	16.58	—	$2,951
Jan 1995	178	1	15.92	—	$2,834
Dec 1994	298	1	15.03	—	$4,479
Nov 1994	185	1	15.90	—	$2,942
Oct 1994	359	1	15.58	—	$5,593
Sep 1994	181	1	15.29	—	$2,767
Aug 1994	170	1	16.13	—	$2,742
Jul 1994	361	1	17.56	—	$6,339
Jun 1994	177	1	17.09	—	$3,025
May 1994	344	1	15.88	—	$5,463
Apr 1994	173	1	14.14	—	$2,446
Mar 1994	176	1	12.46	—	$2,193
Feb 1994	349	1	12.50	—	$4,363
Jan 1994	148	1	12.66	—	$1,874
Dec 1993	284	1	12.33	—	$3,502
Nov 1993	291	1	14.49	—	$4,217
Oct 1993	268	1	15.85	—	$4,248
Sep 1993	338	22	15.03	—	$5,080
Aug 1993	340	22	15.66	—	$5,324
Jul 1993	173	22	15.46	—	$2,675
Jun 1993	340	22	16.79	—	$5,709
May 1993	341	22	17.68	—	$6,029
Apr 1993	173	22	18.05	—	$3,123
Mar 1993	355	22	18.14	—	$6,440
Feb 1993	343	22	17.90	—	$6,140
Jan 1993	181	22	16.93	—	$3,064

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 2008 — as filed, then multipliedworked

Oil                  107 bbl  × $ 92.53 =     $9,901
Casinghead gas         0 Mcf  × $  8.77 =         $0

────────────────────────────────────────────────────
Month total                                   $9,901

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. 09/O/18767 is the state's own key, not one this site invented.