PAYNE

Name: PAYNE lease production and value, Oct 1995 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MUSTANG FUEL CORPORATION (P-5 596921) in the MCMORDIE RANCH (9400) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 7067District 10Field 59836500OilCasinghead gasSave Export

Value, all time

$641 k

Oct 1995 – Mar 2008

Value, last 12 filed months

at the published price for each month

Months reported

150

no gaps in the span

Streams

oil, casinghead gas

The MCMORDIE RANCH (9400) 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 12 leases and 14 wells, and the rule below applies to all of them.

Discovered

1982-04-25

as the register files it

Field class

Oil and gas

the register's own label

Between wells

—

no field rule filed

From a lease line

—

no field rule filed

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	11,578 bbl	$226,894
Casinghead gas	Production	183,619 Mcf	$414,393
Total			$641,286

57,365 Mcf of this lease's gas, across 15 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 35.9173, -100.6986. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.91730, -100.69856 · 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

0.0%

0 of 1 wells

Median depth

11,438 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

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

00.0%

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 11,438 ft.

Completions filed

Oct 1995

1 of 1 wells

1 well


42-39331250	308	11,438 ft	Oct 1995	—	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 (150)

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

150 months


Mar 2008	0	0	101.90	9.66	$0
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	92	0	54.20	7.62	$4,986
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	0	0	61.51	9.80	$0
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	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	183	0	34.47	5.86	$6,308
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	1,059	32.03	6.30	$6,671
Dec 2003	0	1,012	30.26	6.30	$6,377
Nov 2003	0	1,004	28.80	4.60	$4,614
Oct 2003	0	815	28.17	4.76	$3,879
Sep 2003	0	890	26.31	4.75	$4,227
Aug 2003	0	1,100	29.76	5.13	$5,643
Jul 2003	0	1,298	29.41	5.17	$6,712
Jun 2003	0	1,327	28.56	5.98	$7,939
May 2003	0	1,216	26.59	5.97	$7,263
Apr 2003	0	778	26.67	5.41	$4,207
Mar 2003	0	976	31.14	6.10	$5,950
Feb 2003	194	1,043	33.48	7.93	$14,762
Jan 2003	0	979	30.31	5.58	$5,465
Dec 2002	0	761	26.91	4.85	$3,694
Nov 2002	0	824	24.66	4.14	$3,409
Oct 2002	0	1,005	26.46	4.23	$4,250
Sep 2002	0	953	27.44	3.64	$3,464
Aug 2002	0	1,002	25.96	3.16	$3,170
Jul 2002	0	1,166	24.58	3.06	$3,570
Jun 2002	189	1,160	23.73	3.34	$8,357
May 2002	0	1,174	24.66	3.58	$4,208
Apr 2002	0	1,174	23.65	3.51	$4,123
Mar 2002	0	1,176	22.00	3.10	$3,649
Feb 2002	0	921	18.22	2.38	$2,188
Jan 2002	0	1,129	17.17	2.38	$2,682
Dec 2001	193	1,127	16.93	2.36	$5,932
Nov 2001	0	1,456	18.07	2.41	$3,502
Oct 2001	0	1,625	19.78	2.53	$4,109
Sep 2001	0	1,113	24.26	2.25	$2,506
Aug 2001	189	1,129	24.87	3.05	$8,147
Jul 2001	0	1,247	23.93	3.20	$3,987
Jun 2001	0	1,168	24.56	3.82	$4,467
May 2001	0	1,285	25.52	4.31	$5,535
Apr 2001	204	1,310	24.68	5.34	$12,024
Mar 2001	0	1,169	24.54	5.38	$6,285
Feb 2001	0	1,115	27.75	5.77	$6,430
Jan 2001	0	1,269	27.47	8.40	$10,658
Dec 2000	0	1,259	26.88	9.12	$11,485
Nov 2000	0	1,347	32.21	5.66	$7,621
Oct 2000	0	1,284	31.23	5.15	$6,607
Sep 2000	191	1,284	31.87	5.19	$12,747
Aug 2000	0	1,361	29.64	4.54	$6,180
Jul 2000	0	1,397	28.53	4.09	$5,713
Jun 2000	0	1,374	29.30	4.40	$6,042
May 2000	194	1,489	27.26	3.68	$10,768
Apr 2000	0	1,500	24.51	3.12	$4,674
Mar 2000	191	1,509	28.42	2.86	$9,744
Feb 2000	0	1,518	27.62	2.73	$4,139
Jan 2000	0	1,225	25.27	2.48	$3,039
Dec 1999	0	1,452	24.28	2.42	$3,519
Nov 1999	0	1,500	23.19	2.43	$3,651
Oct 1999	194	1,557	20.98	2.80	$8,436
Sep 1999	0	1,511	21.75	2.62	$3,957
Aug 1999	191	1,595	19.26	2.88	$8,265
Jul 1999	0	1,640	17.89	2.37	$3,891
Jun 1999	0	1,661	15.94	2.36	$3,923
May 1999	185	1,728	15.79	2.32	$6,932
Apr 1999	0	1,552	15.10	2.21	$3,427
Mar 1999	0	1,605	12.47	1.84	$2,951
Feb 1999	199	1,518	9.98	1.82	$4,745
Jan 1999	0	1,320	10.38	1.90	$2,508
Dec 1998	0	1,779	9.20	1.77	$3,155
Nov 1998	196	1,834	10.89	2.19	$6,143
Oct 1998	0	1,794	12.42	1.97	$3,533
Sep 1998	187	1,751	12.59	2.08	$6,001
Aug 1998	0	1,404	11.30	1.91	$2,678
Jul 1998	186	1,850	11.74	2.24	$6,323
Jun 1998	0	1,889	11.24	2.24	$4,226
May 1998	0	2,070	12.62	2.21	$4,567
Apr 1998	201	2,072	13.04	2.51	$7,812
Mar 1998	0	2,332	12.80	2.31	$5,386
Feb 1998	194	2,133	13.95	2.30	$7,610
Jan 1998	197	2,261	14.70	2.15	$7,768
Dec 1997	198	2,132	16.32	2.41	$8,372
Nov 1997	189	1,911	18.19	3.09	$9,340
Oct 1997	0	2,390	19.25	3.15	$7,528
Sep 1997	196	1,386	17.74	2.95	$7,573
Aug 1997	0	1,788	17.86	2.55	$4,568
Jul 1997	191	1,990	17.58	2.25	$7,829
Jun 1997	0	1,592	17.24	2.26	$3,593
May 1997	184	2,551	18.97	2.31	$9,379
Apr 1997	214	2,785	17.88	2.08	$9,627
Mar 1997	155	2,991	18.95	1.94	$8,737
Feb 1997	186	2,617	20.49	2.21	$9,584
Jan 1997	188	2,811	23.48	3.54	$14,364
Dec 1996	342	2,835	23.32	—	$7,975
Nov 1996	190	2,868	21.97	—	$4,174
Oct 1996	198	4,136	23.31	—	$4,615
Sep 1996	384	3,141	22.22	—	$8,532
Aug 1996	182	3,527	20.26	—	$3,687
Jul 1996	380	3,525	19.55	—	$7,429
Jun 1996	197	3,532	18.73	—	$3,690
May 1996	392	3,463	19.43	—	$7,617
Apr 1996	390	3,737	21.51	—	$8,389
Mar 1996	577	3,712	19.38	—	$11,182
Feb 1996	387	4,571	16.98	—	$6,571
Jan 1996	985	5,518	17.07	—	$16,814
Dec 1995	196	6,200	17.19	—	$3,369
Nov 1995	1,327	6,000	16.00	—	$21,232
Oct 1995	0	600	15.43	—	$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.

Nov 2006 — as filed, then multipliedworked

Oil                   92 bbl  × $ 54.20 =     $4,986
Casinghead gas         0 Mcf  × $  7.62 =         $0

────────────────────────────────────────────────────
Month total                                   $4,986

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/7067 is the state's own key, not one this site invented.