HAYS TRUST

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

Operated by SANDRIDGE EXPL. AND PROD., LLC (P-5 748011) in the PANHANDLE CARSON COUNTY FIELD field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4938District 10Field 68845001NGPA filingOilCasinghead gasSave Export

Value, all time

$1.1 M

Jan 1993 – Jul 2012

Value, last 12 filed months

$9 k

at the published price for each month

Months reported

235

no gaps in the span

Streams

oil, casinghead gas

The PANHANDLE CARSON COUNTY FIELD 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 580 leases and 3,796 wells, and the rule below applies to all of them.

Discovered

1921-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

467 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1989-05-01.

The Commission's schedule remark for this field reads: “SPECIAL TESTING REQUIREMENTS FOR WELLS WITH GOR GREATER THAN 5000.”

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	8	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	13,380 bbl	$430,852
Casinghead gas	Production	171,396 Mcf	$667,052
Total			$1,097,904

23,909 Mcf of this lease's gas, across 43 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 (8)

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 35.4500, -101.2304. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

35.45047, -101.23011 · 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

75.0%

6 of 8 wells

With a plug date

50.0%

4 of 8 wells

Median depth

3,144 ft

8 wells filed one

Completion to plug

29.6 years

median over 4 wells

What the state filed about each well

On the RRC proration schedule

675.0%

A plug date is filed

450.0%

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

450.0%

NeitherNo plug date, and not on the schedule.

225.0%

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

Total depth in feet, 8 of 8 wells. Median 3,144 ft, with the middle half between 3,100 and 3,182 ft; the shallowest is 3,021 ft and the deepest 3,281 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 8 of 8 wells, Dec 1981 – Dec 2017. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Dec 1981 – Dec 2017

8 of 8 wells

Plug dates filed

Aug 2011 – Sep 2011

4 of 8 wells; 4 filed none

Last completion to plug: a median of 29.6 years across the 4 wells that filed both dates, with the middle half between 29.5 years and 29.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

8 wells


42-06531081	207	3,059 ft	Dec 2017	—	Yes
42-06531134	507A	3,281 ft	Mar 1982	—	—
42-06531096	807	3,113 ft	Mar 1982	Sep 2011	Yes
42-06531091	607	3,021 ft	Mar 1982	—	—
42-06531095	707	3,150 ft	Mar 1982	Aug 2011	Yes
42-06531038	407	3,151 ft	Dec 1981	Aug 2011	Yes
42-06531035	307	3,274 ft	Dec 1981	Aug 2011	Yes
42-06531014	107	3,138 ft	Dec 1981	—	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 (235)

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

235 months


Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	9	83.62	3.99	$36
Aug 2011	102	57	83.40	4.15	$8,743
Jul 2011	0	134	94.14	4.52	$605
Jun 2011	0	109	92.90	4.64	$506
May 2011	0	116	98.13	4.40	$511
Apr 2011	0	96	105.96	4.33	$416
Mar 2011	0	129	96.36	4.06	$523
Feb 2011	0	101	85.64	4.18	$422
Jan 2011	0	110	86.50	4.59	$505
Dec 2010	0	146	85.73	4.35	$635
Nov 2010	0	184	80.84	3.80	$698
Oct 2010	0	186	78.10	3.51	$653
Sep 2010	0	161	72.63	3.98	$641
Aug 2010	0	269	73.68	4.42	$1,189
Jul 2010	0	283	72.55	4.74	$1,340
Jun 2010	0	184	70.36	4.91	$904
May 2010	0	282	71.12	4.24	$1,194
Apr 2010	159	231	81.69	4.12	$13,941
Mar 2010	0	292	78.39	4.39	$1,281
Feb 2010	0	254	73.58	5.44	$1,382
Jan 2010	0	203	74.36	5.96	$1,211
Dec 2009	0	169	71.44	5.48	$927
Nov 2009	0	162	74.59	3.75	$608
Oct 2009	0	279	72.54	4.11	$1,147
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	176	305	67.42	3.22	$12,848
Jul 2009	0	314	61.13	3.46	$1,088
Jun 2009	0	300	66.16	3.90	$1,169
May 2009	0	424	54.74	3.93	$1,665
Apr 2009	0	353	46.77	3.59	$1,266
Mar 2009	0	174	42.14	4.06	$706
Feb 2009	0	105	32.81	4.63	$486
Jan 2009	177	331	35.86	5.37	$8,125
Dec 2008	0	510	37.10	5.98	$3,048
Nov 2008	0	267	55.49	6.86	$1,832
Oct 2008	0	175	75.24	6.92	$1,211
Sep 2008	0	148	101.76	7.88	$1,166
Aug 2008	174	26	114.22	8.48	$20,095
Jul 2008	0	34	131.08	11.39	$387
Jun 2008	0	7	131.33	13.03	$91
May 2008	0	17	123.17	11.57	$197
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	179	137	101.90	9.66	$19,564
Feb 2008	0	183	92.53	8.77	$1,605
Jan 2008	0	149	90.38	8.21	$1,223
Dec 2007	179	1,652	88.33	7.30	$27,874
Nov 2007	0	729	91.67	7.29	$5,316
Oct 2007	0	814	82.85	6.92	$5,634
Sep 2007	0	738	75.84	6.24	$4,608
Aug 2007	172	943	69.06	6.39	$17,902
Jul 2007	0	563	70.90	6.39	$3,596
Jun 2007	180	631	62.00	7.55	$15,923
May 2007	0	148	58.74	7.85	$1,161
Apr 2007	0	202	59.61	7.81	$1,577
Mar 2007	0	138	56.92	7.30	$1,008
Feb 2007	177	292	55.10	8.22	$12,152
Jan 2007	0	488	50.30	6.73	$3,283
Dec 2006	0	686	56.65	6.92	$4,746
Nov 2006	170	424	54.20	7.62	$12,444
Oct 2006	0	839	54.90	6.01	$5,046
Sep 2006	0	952	60.08	5.04	$4,795
Aug 2006	178	987	68.71	7.34	$19,475
Jul 2006	0	913	69.37	6.34	$5,791
Jun 2006	0	1,025	66.28	6.38	$6,543
May 2006	168	864	66.01	6.42	$16,641
Apr 2006	0	914	64.39	7.36	$6,727
Mar 2006	0	935	56.70	7.08	$6,623
Feb 2006	171	935	57.59	7.75	$17,095
Jan 2006	165	884	60.59	8.93	$17,894
Dec 2005	0	922	54.94	13.42	$12,369
Nov 2005	0	1,260	54.69	10.59	$13,341
Oct 2005	0	762	58.34	13.80	$10,512
Sep 2005	178	777	61.45	12.08	$20,323
Aug 2005	0	1,173	61.51	9.80	$11,492
Jul 2005	0	1,216	55.69	7.84	$9,538
Jun 2005	183	1,233	52.33	7.38	$18,677
May 2005	0	1,130	45.22	6.65	$7,516
Apr 2005	173	1,085	49.20	7.36	$16,498
Mar 2005	0	944	50.37	7.15	$6,754
Feb 2005	179	802	45.22	6.31	$13,157
Jan 2005	0	912	43.16	6.32	$5,766
Dec 2004	164	1,245	39.86	6.75	$14,942
Nov 2004	0	1,280	45.28	6.33	$8,103
Oct 2004	179	1,337	49.70	6.52	$17,607
Sep 2004	0	1,126	43.24	5.28	$5,950
Aug 2004	0	1,181	42.37	5.55	$6,555
Jul 2004	204	1,266	38.28	6.08	$15,512
Jun 2004	0	1,136	36.10	6.43	$7,308
May 2004	0	1,308	37.48	6.49	$8,495
Apr 2004	0	1,141	34.47	5.86	$6,685
Mar 2004	161	835	34.36	5.53	$10,150
Feb 2004	0	787	32.45	5.51	$4,336
Jan 2004	186	1,072	32.03	6.30	$12,711
Dec 2003	0	1,237	30.26	6.30	$7,795
Nov 2003	0	200	28.80	4.60	$919
Oct 2003	180	0	28.17	4.76	$5,071
Sep 2003	0	790	26.31	4.75	$3,752
Aug 2003	0	1,552	29.76	5.13	$7,961
Jul 2003	0	855	29.41	5.17	$4,421
Jun 2003	0	745	28.56	5.98	$4,457
May 2003	178	965	26.59	5.97	$10,497
Apr 2003	0	753	26.67	5.41	$4,072
Mar 2003	182	1,076	31.14	6.10	$12,227
Feb 2003	0	1,095	33.48	7.93	$8,679
Jan 2003	167	763	30.31	5.58	$9,321
Dec 2002	0	882	26.91	4.85	$4,281
Nov 2002	169	1,412	24.66	4.14	$10,009
Oct 2002	168	1,295	26.46	4.23	$9,922
Sep 2002	0	791	27.44	3.64	$2,875
Aug 2002	0	694	25.96	3.16	$2,196
Jul 2002	0	695	24.58	3.06	$2,128
Jun 2002	0	680	23.73	3.34	$2,270
May 2002	173	747	24.66	3.58	$6,943
Apr 2002	0	281	23.65	3.51	$987
Mar 2002	178	302	22.00	3.10	$4,853
Feb 2002	0	616	18.22	2.38	$1,463
Jan 2002	185	790	17.17	2.38	$5,053
Dec 2001	0	839	16.93	2.36	$1,984
Nov 2001	191	924	18.07	2.41	$5,674
Oct 2001	183	615	19.78	2.53	$5,175
Sep 2001	0	749	24.26	2.25	$1,686
Aug 2001	0	993	24.87	3.05	$3,032
Jul 2001	179	1,090	23.93	3.20	$7,768
Jun 2001	0	996	24.56	3.82	$3,809
May 2001	0	1,040	25.52	4.31	$4,480
Apr 2001	178	1,281	24.68	5.34	$11,228
Mar 2001	0	589	24.54	5.38	$3,167
Feb 2001	178	494	27.75	5.77	$7,788
Jan 2001	0	889	27.47	8.40	$7,467
Dec 2000	0	1,267	26.88	9.12	$11,558
Nov 2000	0	0	32.21	5.66	$0
Oct 2000	176	372	31.23	5.15	$7,411
Sep 2000	0	379	31.87	5.19	$1,966
Aug 2000	0	1,100	29.64	4.54	$4,995
Jul 2000	0	1,132	28.53	4.09	$4,630
Jun 2000	0	1,298	29.30	4.40	$5,708
May 2000	174	1,727	27.26	3.68	$11,098
Apr 2000	0	1,229	24.51	3.12	$3,830
Mar 2000	0	1,378	28.42	2.86	$3,941
Feb 2000	0	1,058	27.62	2.73	$2,885
Jan 2000	352	1,379	25.27	2.48	$12,316
Dec 1999	0	1,510	24.28	2.42	$3,660
Nov 1999	0	1,301	23.19	2.43	$3,167
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	1,183	21.75	2.62	$3,098
Aug 1999	337	1,588	19.26	2.88	$11,057
Jul 1999	0	801	17.89	2.37	$1,900
Jun 1999	0	1,653	15.94	2.36	$3,905
May 1999	0	1,671	15.79	2.32	$3,878
Apr 1999	179	830	15.10	2.21	$4,536
Mar 1999	0	500	12.47	1.84	$919
Feb 1999	0	1,249	9.98	1.82	$2,270
Jan 1999	181	1,327	10.38	1.90	$4,400
Dec 1998	0	1,599	9.20	1.77	$2,836
Nov 1998	0	1,128	10.89	2.19	$2,465
Oct 1998	0	1,835	12.42	1.97	$3,614
Sep 1998	183	1,891	12.59	2.08	$6,242
Aug 1998	0	1,983	11.30	1.91	$3,782
Jul 1998	0	1,833	11.74	2.24	$4,101
Jun 1998	185	1,539	11.24	2.24	$5,523
May 1998	0	1,745	12.62	2.21	$3,850
Apr 1998	178	1,742	13.04	2.51	$6,685
Mar 1998	0	1,756	12.80	2.31	$4,055
Feb 1998	0	1,540	13.95	2.30	$3,541
Jan 1998	121	1,489	14.70	2.15	$4,987
Dec 1997	179	1,560	16.32	2.41	$6,683
Nov 1997	0	1,588	18.19	3.09	$4,904
Oct 1997	0	1,850	19.25	3.15	$5,827
Sep 1997	0	1,749	17.74	2.95	$5,168
Aug 1997	174	1,746	17.86	2.55	$7,568
Jul 1997	0	2,500	17.58	2.25	$5,617
Jun 1997	175	1,561	17.24	2.26	$6,540
May 1997	0	815	18.97	2.31	$1,881
Apr 1997	0	1,679	17.88	2.08	$3,497
Mar 1997	184	1,707	18.95	1.94	$6,797
Feb 1997	174	1,578	20.49	2.21	$7,046
Jan 1997	0	1,696	23.48	3.54	$6,003
Dec 1996	0	703	23.32	—	$0
Nov 1996	0	671	21.97	—	$0
Oct 1996	0	759	23.31	—	$0
Sep 1996	176	506	22.22	—	$3,911
Aug 1996	0	867	20.26	—	$0
Jul 1996	0	996	19.55	—	$0
Jun 1996	357	778	18.73	—	$6,687
May 1996	0	614	19.43	—	$0
Apr 1996	0	564	21.51	—	$0
Mar 1996	171	477	19.38	—	$3,314
Feb 1996	152	547	16.98	—	$2,581
Jan 1996	0	1,569	17.07	—	$0
Dec 1995	0	1,029	17.19	—	$0
Nov 1995	289	1,053	16.00	—	$4,624
Oct 1995	0	692	15.43	—	$0
Sep 1995	178	155	16.18	—	$2,880
Aug 1995	172	1,129	15.92	—	$2,738
Jul 1995	0	470	15.24	—	$0
Jun 1995	161	356	16.41	—	$2,642
May 1995	0	1,414	17.56	—	$0
Apr 1995	0	787	17.73	—	$0
Mar 1995	0	565	16.44	—	$0
Feb 1995	170	564	16.58	—	$2,819
Jan 1995	148	584	15.92	—	$2,356
Dec 1994	174	623	15.03	—	$2,615
Nov 1994	0	623	15.90	—	$0
Oct 1994	0	279	15.58	—	$0
Sep 1994	319	465	15.29	—	$4,878
Aug 1994	0	552	16.13	—	$0
Jul 1994	183	490	17.56	—	$3,213
Jun 1994	0	421	17.09	—	$0
May 1994	349	564	15.88	—	$5,542
Apr 1994	0	335	14.14	—	$0
Mar 1994	0	302	12.46	—	$0
Feb 1994	0	378	12.50	—	$0
Jan 1994	0	568	12.66	—	$0
Dec 1993	0	454	12.33	—	$0
Nov 1993	0	0	14.49	—	$0
Oct 1993	165	0	15.85	—	$2,615
Sep 1993	0	0	15.03	—	$0
Aug 1993	160	0	15.66	—	$2,506
Jul 1993	0	0	15.46	—	$0
Jun 1993	170	1	16.79	—	$2,854
May 1993	0	1	17.68	—	$0
Apr 1993	0	1	18.05	—	$0
Mar 1993	145	1	18.14	—	$2,630
Feb 1993	0	1	17.90	—	$0
Jan 1993	166	1	16.93	—	$2,810

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.

Sep 2011 — as filed, then multipliedworked

Oil                    0 bbl  × $ 83.62 =         $0
Casinghead gas         9 Mcf  × $  3.99 =        $36

────────────────────────────────────────────────────
Month total                                      $36

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/O/4938 is the state's own key, not one this site invented.