RAY

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

Operated by WILLOWBEND INVESTMENTS, INC. (P-5 927665) in the VASHTI, N.E. (CADDO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 21691District 09Field 93245200NGPA filingOilCasinghead gasSave Export

Value, all time

$239 k

Jan 1993 – Jun 2008

Value, last 12 filed months

$3 k

at the published price for each month

Months reported

186

no gaps in the span

Streams

oil, casinghead gas

The VASHTI, N.E. (CADDO) 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 9 leases and 11 wells, and the rule below applies to all of them.

Discovered

1981-10-14

as the register files it

Field class

Oil

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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
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
Oil	Disposition	9,680 bbl	$217,258
Casinghead gas	Production	15,734 Mcf	$21,639
Total			$238,897

8,353 Mcf of this lease's gas, across 48 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 (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 33.5645, -98.0210. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.56455, -98.02100 · 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

6,860 ft

1 wells filed one

Completion to plug

26.0 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 6,860 ft.

Completions filed

Oct 1981

1 of 1 wells

Plug dates filed

Oct 2007

1 of 1 wells

Last completion to plug: a median of 26.0 years across the 1 well that filed both dates, with the middle half between 26.0 years and 26.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-07731562	1 C	6,860 ft	Oct 1981	Oct 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	30	0	101.90	9.66	$3,057
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	166	0	61.51	9.80	$10,211
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	167	0	45.22	6.31	$7,552
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	169	0	45.28	6.33	$7,652
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	151	0	42.37	5.55	$6,398
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	173	0	37.48	6.49	$6,484
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	187	0	34.36	5.53	$6,425
Feb 2004	178	0	32.45	5.51	$5,776
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	1	30.26	6.30	$6
Nov 2003	0	1	28.80	4.60	$5
Oct 2003	171	0	28.17	4.76	$4,817
Sep 2003	0	5	26.31	4.75	$24
Aug 2003	184	0	29.76	5.13	$5,476
Jul 2003	0	3	29.41	5.17	$16
Jun 2003	182	0	28.56	5.98	$5,198
May 2003	0	2	26.59	5.97	$12
Apr 2003	142	0	26.67	5.41	$3,787
Mar 2003	0	1	31.14	6.10	$6
Feb 2003	114	4	33.48	7.93	$3,848
Jan 2003	0	8	30.31	5.58	$45
Dec 2002	189	24	26.91	4.85	$5,202
Nov 2002	0	35	24.66	4.14	$145
Oct 2002	177	54	26.46	4.23	$4,912
Sep 2002	192	56	27.44	3.64	$5,472
Aug 2002	0	29	25.96	3.16	$92
Jul 2002	171	31	24.58	3.06	$4,298
Jun 2002	171	50	23.73	3.34	$4,225
May 2002	176	11	24.66	3.58	$4,380
Apr 2002	0	38	23.65	3.51	$133
Mar 2002	0	113	22.00	3.10	$351
Feb 2002	0	90	18.22	2.38	$214
Jan 2002	0	135	17.17	2.38	$321
Dec 2001	0	103	16.93	2.36	$244
Nov 2001	0	130	18.07	2.41	$313
Oct 2001	0	98	19.78	2.53	$248
Sep 2001	0	55	24.26	2.25	$124
Aug 2001	0	89	24.87	3.05	$272
Jul 2001	0	79	23.93	3.20	$253
Jun 2001	0	85	24.56	3.82	$325
May 2001	0	120	25.52	4.31	$517
Apr 2001	0	121	24.68	5.34	$646
Mar 2001	0	52	24.54	5.38	$280
Feb 2001	0	52	27.75	5.77	$300
Jan 2001	0	55	27.47	8.40	$462
Dec 2000	140	68	26.88	9.12	$4,384
Nov 2000	0	36	32.21	5.66	$204
Oct 2000	0	83	31.23	5.15	$427
Sep 2000	0	109	31.87	5.19	$565
Aug 2000	0	94	29.64	4.54	$427
Jul 2000	0	127	28.53	4.09	$519
Jun 2000	0	114	29.30	4.40	$501
May 2000	153	91	27.26	3.68	$4,506
Apr 2000	0	77	24.51	3.12	$240
Mar 2000	0	78	28.42	2.86	$223
Feb 2000	180	52	27.62	2.73	$5,113
Jan 2000	0	76	25.27	2.48	$189
Dec 1999	0	50	24.28	2.42	$121
Nov 1999	0	98	23.19	2.43	$239
Oct 1999	0	53	20.98	2.80	$149
Sep 1999	0	103	21.75	2.62	$270
Aug 1999	174	108	19.26	2.88	$3,662
Jul 1999	0	103	17.89	2.37	$244
Jun 1999	159	111	15.94	2.36	$2,797
May 1999	0	69	15.79	2.32	$160
Apr 1999	178	80	15.10	2.21	$2,864
Mar 1999	0	80	12.47	1.84	$147
Feb 1999	0	73	9.98	1.82	$133
Jan 1999	0	89	10.38	1.90	$169
Dec 1998	0	131	9.20	1.77	$232
Nov 1998	146	106	10.89	2.19	$1,822
Oct 1998	173	99	12.42	1.97	$2,344
Sep 1998	0	153	12.59	2.08	$319
Aug 1998	0	157	11.30	1.91	$299
Jul 1998	0	175	11.74	2.24	$392
Jun 1998	0	171	11.24	2.24	$383
May 1998	0	108	12.62	2.21	$238
Apr 1998	0	162	13.04	2.51	$406
Mar 1998	0	156	12.80	2.31	$360
Feb 1998	192	134	13.95	2.30	$2,986
Jan 1998	0	154	14.70	2.15	$332
Dec 1997	0	137	16.32	2.41	$330
Nov 1997	191	153	18.19	3.09	$3,947
Oct 1997	0	170	19.25	3.15	$535
Sep 1997	0	173	17.74	2.95	$511
Aug 1997	0	186	17.86	2.55	$475
Jul 1997	182	170	17.58	2.25	$3,582
Jun 1997	0	170	17.24	2.26	$384
May 1997	186	164	18.97	2.31	$3,907
Apr 1997	0	152	17.88	2.08	$317
Mar 1997	0	148	18.95	1.94	$287
Feb 1997	0	146	20.49	2.21	$322
Jan 1997	190	154	23.48	3.54	$5,006
Dec 1996	0	164	23.32	—	$0
Nov 1996	191	158	21.97	—	$4,196
Oct 1996	0	184	23.31	—	$0
Sep 1996	0	233	22.22	—	$0
Aug 1996	0	106	20.26	—	$0
Jul 1996	187	209	19.55	—	$3,656
Jun 1996	0	185	18.73	—	$0
May 1996	0	96	19.43	—	$0
Apr 1996	0	166	21.51	—	$0
Mar 1996	0	157	19.38	—	$0
Feb 1996	0	171	16.98	—	$0
Jan 1996	191	158	17.07	—	$3,260
Dec 1995	0	177	17.19	—	$0
Nov 1995	192	179	16.00	—	$3,072
Oct 1995	0	201	15.43	—	$0
Sep 1995	182	172	16.18	—	$2,945
Aug 1995	0	191	15.92	—	$0
Jul 1995	0	184	15.24	—	$0
Jun 1995	181	186	16.41	—	$2,970
May 1995	0	215	17.56	—	$0
Apr 1995	183	190	17.73	—	$3,245
Mar 1995	182	177	16.44	—	$2,992
Feb 1995	182	173	16.58	—	$3,018
Jan 1995	184	179	15.92	—	$2,929
Dec 1994	376	174	15.03	—	$5,651
Nov 1994	182	175	15.90	—	$2,894
Oct 1994	0	175	15.58	—	$0
Sep 1994	653	80	15.29	—	$9,984
Aug 1994	181	160	16.13	—	$2,920
Jul 1994	0	174	17.56	—	$0
Jun 1994	0	161	17.09	—	$0
May 1994	182	178	15.88	—	$2,890
Apr 1994	0	208	14.14	—	$0
Mar 1994	0	222	12.46	—	$0
Feb 1994	180	102	12.50	—	$2,250
Jan 1994	0	169	12.66	—	$0
Dec 1993	0	190	12.33	—	$0
Nov 1993	187	173	14.49	—	$2,710
Oct 1993	0	186	15.85	—	$0
Sep 1993	184	187	15.03	—	$2,766
Aug 1993	0	203	15.66	—	$0
Jul 1993	184	198	15.46	—	$2,845
Jun 1993	0	190	16.79	—	$0
May 1993	182	158	17.68	—	$3,218
Apr 1993	0	205	18.05	—	$0
Mar 1993	0	156	18.14	—	$0
Feb 1993	0	153	17.90	—	$0
Jan 1993	0	165	16.93	—	$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.

Mar 2008 — as filed, then multipliedworked

Oil                   30 bbl  × $101.90 =     $3,057
Casinghead gas         0 Mcf  × $  9.66 =         $0

────────────────────────────────────────────────────
Month total                                   $3,057

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/21691 is the state's own key, not one this site invented.