PAYNE

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

Operated by CIMAREX ENERGY CO. OF COLORADO (P-5 153429) in the CREE-FLOWERS(ALBANY DOLOMITE,LO) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 126791District 10Field 21617111NGPA filingGasSave Export

Value, all time

$605 k

Jan 1993 – Sep 2007

Value, last 12 filed months

$9 k

at the published price for each month

Months reported

177

no gaps in the span

Streams

gas

The CREE-FLOWERS(ALBANY DOLOMITE,LO) 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 19 leases and 19 wells, and the rule below applies to all of them.

Discovered

1957-05-20

as the register files it

Field class

Gas

the register's own label

Between wells

2,640 ft

minimum

From a lease line

1,320 ft

minimum

A drilling unit in this field needs at least 640 acres.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED EFF. 8/1/93”

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
Gas	Production	232,819 Mcf	$604,776
Total			$604,776

89,792 Mcf of this lease's gas, across 44 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 35.9149, -100.7929. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.91485, -100.79285 · 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

6,150 ft

1 wells filed one

Completion to plug

19.8 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 6,150 ft.

Completions filed

Dec 1987

1 of 1 wells

Plug dates filed

Sep 2007

1 of 1 wells

Last completion to plug: a median of 19.8 years across the 1 well that filed both dates, with the middle half between 19.8 years and 19.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-39331109	2 B	6,150 ft	Dec 1987	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 (177)

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

177 months


Sep 2007	0	75.84	6.24	$0
Aug 2007	0	69.06	6.39	$0
Jul 2007	0	70.90	6.39	$0
Jun 2007	0	62.00	7.55	$0
May 2007	0	58.74	7.85	$0
Apr 2007	0	59.61	7.81	$0
Mar 2007	0	56.92	7.30	$0
Feb 2007	25	55.10	8.22	$205
Jan 2007	22	50.30	6.73	$148
Dec 2006	19	56.65	6.92	$131
Nov 2006	885	54.20	7.62	$6,741
Oct 2006	233	54.90	6.01	$1,401
Sep 2006	256	60.08	5.04	$1,290
Aug 2006	562	68.71	7.34	$4,125
Jul 2006	0	69.37	6.34	$0
Jun 2006	0	66.28	6.38	$0
May 2006	0	66.01	6.42	$0
Apr 2006	0	64.39	7.36	$0
Mar 2006	0	56.70	7.08	$0
Feb 2006	0	57.59	7.75	$0
Jan 2006	0	60.59	8.93	$0
Dec 2005	612	54.94	13.42	$8,210
Nov 2005	440	54.69	10.59	$4,659
Oct 2005	59	58.34	13.80	$814
Sep 2005	359	61.45	12.08	$4,336
Aug 2005	939	61.51	9.80	$9,199
Jul 2005	489	55.69	7.84	$3,836
Jun 2005	146	52.33	7.38	$1,078
May 2005	21	45.22	6.65	$140
Apr 2005	741	49.20	7.36	$5,454
Mar 2005	1,264	50.37	7.15	$9,044
Feb 2005	1,026	45.22	6.31	$6,476
Jan 2005	1,086	43.16	6.32	$6,866
Dec 2004	1,473	39.86	6.75	$9,944
Nov 2004	1,309	45.28	6.33	$8,287
Oct 2004	1,494	49.70	6.52	$9,734
Sep 2004	1,419	43.24	5.28	$7,498
Aug 2004	1,346	42.37	5.55	$7,471
Jul 2004	1,296	38.28	6.08	$7,885
Jun 2004	1,402	36.10	6.43	$9,019
May 2004	1,385	37.48	6.49	$8,995
Apr 2004	1,352	34.47	5.86	$7,921
Mar 2004	1,279	34.36	5.53	$7,073
Feb 2004	1,079	32.45	5.51	$5,945
Jan 2004	148	32.03	6.30	$932
Dec 2003	1,508	30.26	6.30	$9,503
Nov 2003	1,363	28.80	4.60	$6,263
Oct 2003	1,914	28.17	4.76	$9,110
Sep 2003	1,694	26.31	4.75	$8,045
Aug 2003	1,957	29.76	5.13	$10,039
Jul 2003	1,972	29.41	5.17	$10,197
Jun 2003	1,913	28.56	5.98	$11,445
May 2003	2,023	26.59	5.97	$12,083
Apr 2003	1,975	26.67	5.41	$10,679
Mar 2003	1,727	31.14	6.10	$10,528
Feb 2003	1,812	33.48	7.93	$14,362
Jan 2003	1,729	30.31	5.58	$9,651
Dec 2002	400	26.91	4.85	$1,942
Nov 2002	915	24.66	4.14	$3,785
Oct 2002	2,047	26.46	4.23	$8,657
Sep 2002	2,006	27.44	3.64	$7,292
Aug 2002	2,112	25.96	3.16	$6,683
Jul 2002	2,144	24.58	3.06	$6,564
Jun 2002	2,000	23.73	3.34	$6,676
May 2002	2,067	24.66	3.58	$7,408
Apr 2002	2,041	23.65	3.51	$7,169
Mar 2002	1,876	22.00	3.10	$5,821
Feb 2002	1,811	18.22	2.38	$4,302
Jan 2002	2,066	17.17	2.38	$4,908
Dec 2001	2,135	16.93	2.36	$5,048
Nov 2001	2,006	18.07	2.41	$4,825
Oct 2001	2,192	19.78	2.53	$5,543
Sep 2001	2,105	24.26	2.25	$4,739
Aug 2001	1,315	24.87	3.05	$4,015
Jul 2001	2,481	23.93	3.20	$7,932
Jun 2001	2,221	24.56	3.82	$8,493
May 2001	2,405	25.52	4.31	$10,359
Apr 2001	2,392	24.68	5.34	$12,762
Mar 2001	1,323	24.54	5.38	$7,113
Feb 2001	1,544	27.75	5.77	$8,904
Jan 2001	2,246	27.47	8.40	$18,864
Dec 2000	1,899	26.88	9.12	$17,324
Nov 2000	1,616	32.21	5.66	$9,143
Oct 2000	1,750	31.23	5.15	$9,005
Sep 2000	1,239	31.87	5.19	$6,426
Aug 2000	796	29.64	4.54	$3,614
Jul 2000	54	28.53	4.09	$221
Jun 2000	7	29.30	4.40	$31
May 2000	23	27.26	3.68	$85
Apr 2000	25	24.51	3.12	$78
Mar 2000	18	28.42	2.86	$51
Feb 2000	17	27.62	2.73	$46
Jan 2000	17	25.27	2.48	$42
Dec 1999	18	24.28	2.42	$44
Nov 1999	10	23.19	2.43	$24
Oct 1999	6	20.98	2.80	$17
Sep 1999	14	21.75	2.62	$37
Aug 1999	10	19.26	2.88	$29
Jul 1999	446	17.89	2.37	$1,058
Jun 1999	1,990	15.94	2.36	$4,701
May 1999	2,083	15.79	2.32	$4,835
Apr 1999	2,048	15.10	2.21	$4,522
Mar 1999	1,802	12.47	1.84	$3,313
Feb 1999	1,557	9.98	1.82	$2,830
Jan 1999	178	10.38	1.90	$338
Dec 1998	812	9.20	1.77	$1,440
Nov 1998	652	10.89	2.19	$1,425
Oct 1998	1,715	12.42	1.97	$3,377
Sep 1998	1,438	12.59	2.08	$2,995
Aug 1998	1,866	11.30	1.91	$3,559
Jul 1998	2,146	11.74	2.24	$4,801
Jun 1998	2,238	11.24	2.24	$5,007
May 1998	2,051	12.62	2.21	$4,525
Apr 1998	2,085	13.04	2.51	$5,224
Mar 1998	2,083	12.80	2.31	$4,811
Feb 1998	2,072	13.95	2.30	$4,764
Jan 1998	1,240	14.70	2.15	$2,672
Dec 1997	1,851	16.32	2.41	$4,463
Nov 1997	2,094	18.19	3.09	$6,467
Oct 1997	2,018	19.25	3.15	$6,356
Sep 1997	2,018	17.74	2.95	$5,963
Aug 1997	1,052	17.86	2.55	$2,688
Jul 1997	2,071	17.58	2.25	$4,653
Jun 1997	1,679	17.24	2.26	$3,790
May 1997	547	18.97	2.31	$1,263
Apr 1997	73	17.88	2.08	$152
Mar 1997	0	18.95	1.94	$0
Feb 1997	0	20.49	2.21	$0
Jan 1997	0	23.48	3.54	$0
Dec 1996	1,906	23.32	—	$0
Nov 1996	2,009	21.97	—	$0
Oct 1996	2,286	23.31	—	$0
Sep 1996	1,603	22.22	—	$0
Aug 1996	1,283	20.26	—	$0
Jul 1996	1,557	19.55	—	$0
Jun 1996	1,841	18.73	—	$0
May 1996	1,874	19.43	—	$0
Apr 1996	1,878	21.51	—	$0
Mar 1996	1,382	19.38	—	$0
Feb 1996	1,772	16.98	—	$0
Jan 1996	1,738	17.07	—	$0
Dec 1995	1,608	17.19	—	$0
Nov 1995	1,030	16.00	—	$0
Oct 1995	832	15.43	—	$0
Sep 1995	0	16.18	—	$0
Aug 1995	0	15.92	—	$0
Jul 1995	1,249	15.24	—	$0
Jun 1995	1,000	16.41	—	$0
May 1995	1,803	17.56	—	$0
Apr 1995	1,587	17.73	—	$0
Mar 1995	1,371	16.44	—	$0
Feb 1995	762	16.58	—	$0
Jan 1995	1,434	15.92	—	$0
Dec 1994	1,578	15.03	—	$0
Nov 1994	1,622	15.90	—	$0
Oct 1994	1,826	15.58	—	$0
Sep 1994	1,773	15.29	—	$0
Aug 1994	1,763	16.13	—	$0
Jul 1994	1,805	17.56	—	$0
Jun 1994	1,736	17.09	—	$0
May 1994	1,578	15.88	—	$0
Apr 1994	1,308	14.14	—	$0
Mar 1994	1,510	12.46	—	$0
Feb 1994	1,562	12.50	—	$0
Jan 1994	1,493	12.66	—	$0
Dec 1993	1,606	12.33	—	$0
Nov 1993	1,711	14.49	—	$0
Oct 1993	1,258	15.85	—	$0
Sep 1993	1,082	15.03	—	$0
Aug 1993	1,020	15.66	—	$0
Jul 1993	1,727	15.46	—	$0
Jun 1993	1,469	16.79	—	$0
May 1993	1,490	17.68	—	$0
Apr 1993	13,977	18.05	—	$0
Mar 1993	11,093	18.14	—	$0
Feb 1993	0	17.90	—	$0
Jan 1993	0	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.

Feb 2007 — as filed, then multipliedworked

Gas                   25 Mcf  × $  8.22 =       $205

────────────────────────────────────────────────────
Month total                                     $205

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. 10/G/126791 is the state's own key, not one this site invented.