RAY, W. A., ET AL -A-

Operated by R2Q OPERATING LLC (P-5 687719) in the EAST TEXAS field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 8340District 6EField 27302001OilCasinghead gasSaveExport
Value, all time
$3.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$128 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead gas

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 2,264 leases and 17,267 wells, and the rule below applies to all of them.

Discovered
1930-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
330 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 2015-01-27.

The Commission's schedule remark for this field reads: THIS ORDER TO BE CANCELLED

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.

StreamBasisVolumeValue
OilDisposition58,159 bbl$3,190,838
Casinghead gasProduction21 Mcf$0
Total$3,190,838

21 Mcf of this lease's gas, across 21 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.

Every month this lease reported (401)

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

401 months

May 202600106.413.05$0
Apr 202681098.932.87$8,013
Mar 2026342089.753.15$30,695
Feb 2026174063.503.75$11,049
Jan 202680059.138.00$4,730
Dec 2025166056.664.41$9,406
Nov 202578058.593.93$4,570
Oct 2025155059.383.30$9,204
Sep 2025215062.743.08$13,489
Aug 202580063.933.01$5,114
Jul 2025245066.743.32$16,351
Jun 2025229066.483.13$15,224
May 2025164060.553.23$9,930
Apr 2025162062.363.54$10,102
Mar 2025164067.704.27$11,103
Feb 2025161070.884.34$11,412
Jan 2025158074.324.28$11,743
Dec 202480068.993.12$5,519
Nov 20240069.052.20$0
Oct 2024194071.372.28$13,846
Sep 2024160069.612.36$11,138
Aug 2024156075.632.06$11,798
Jul 202480079.932.15$6,394
Jun 2024298078.082.63$23,268
May 202456078.812.20$4,413
Apr 2024244084.451.66$20,606
Mar 2024160080.301.55$12,848
Feb 2024246076.091.78$18,718
Jan 202480073.023.30$5,842
Dec 2023240071.262.61$17,102
Nov 2023153077.892.81$11,917
Oct 2023160085.443.09$13,670
Sep 202380089.042.74$7,123
Aug 2023241080.522.67$19,405
Jul 2023167074.852.64$12,500
Jun 202384068.962.26$5,793
May 2023240070.622.23$16,949
Apr 202384078.122.24$6,562
Mar 2023318072.852.39$23,166
Feb 202384075.112.47$6,309
Jan 202384076.533.39$6,429
Dec 2022164076.415.73$12,531
Nov 2022167085.005.65$14,195
Oct 2022167087.185.86$14,559
Sep 2022167084.888.16$14,175
Aug 202284094.529.13$7,940
Jul 20221670101.587.54$16,964
Jun 20222340115.097.98$26,931
May 20221670109.378.43$18,265
Apr 20221670104.226.84$17,405
Mar 20222510108.885.08$27,329
Feb 2022167091.054.86$15,205
Jan 2022171081.844.54$13,995
Dec 2021244071.323.90$17,402
Nov 2021144077.435.24$11,150
Oct 202184079.795.71$6,702
Sep 202184069.865.35$5,868
Aug 2021240066.024.22$15,845
Jul 2021157070.783.98$11,112
Jun 2021251069.493.38$17,442
May 2021167063.483.02$10,601
Apr 2021251060.362.76$15,150
Mar 2021167061.302.72$10,237
Feb 2021141057.805.55$8,150
Jan 2021167050.412.81$8,418
Dec 2020168044.642.68$7,500
Nov 2020167038.772.71$6,475
Oct 2020234036.972.48$8,651
Sep 2020168037.091.99$6,231
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 2020234030.341.86$7,100
Feb 202084049.881.98$4,190
Jan 2020246057.252.09$14,084
Dec 201984059.012.30$4,957
Nov 2019164055.302.75$9,069
Oct 2019234053.472.42$12,512
Sep 2019159055.052.66$8,753
Aug 2019155053.112.30$8,232
Jul 2019232056.272.46$13,055
Jun 2019151052.782.49$7,970
May 2019156058.482.74$9,123
Apr 2019239062.632.75$14,969
Mar 2019167056.803.06$9,486
Feb 2019167050.852.79$8,492
Jan 2019247046.033.23$11,369
Dec 2018166046.594.19$7,734
Nov 2018224052.934.24$11,856
Oct 2018166061.443.40$10,199
Sep 2018229059.543.11$13,635
Aug 2018159059.403.07$9,445
Jul 2018220065.142.93$14,331
Jun 2018231060.183.08$13,902
May 2018160065.382.90$10,461
Apr 2018217063.842.90$13,853
Mar 2018148061.222.79$9,061
Feb 2018242061.782.77$14,951
Jan 2018167062.874.01$10,499
Dec 2017139057.272.92$7,961
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 2017151045.373.00$6,851
Jul 20170043.873.09$0
Jun 2017155042.493.09$6,586
May 2017153045.373.26$6,942
Apr 20170047.933.21$0
Mar 2017126046.772.98$5,893
Feb 2017148050.452.95$7,467
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 2016323042.492.64$13,724
Oct 2016168046.193.09$7,760
Sep 2016320041.553.10$13,296
Aug 201643041.442.92$1,782
Jul 20160041.622.92$0
Jun 2016157045.352.69$7,120
May 2016169042.521.99$7,186
Apr 2016244036.561.99$8,921
Mar 2016156033.011.79$5,150
Feb 2016178026.472.06$4,712
Jan 2016180027.352.36$4,923
Dec 2015257032.362.00$8,317
Nov 2015163038.792.17$6,323
Oct 2015168043.552.43$7,316
Sep 2015232042.992.76$9,974
Aug 2015166040.162.87$6,667
Jul 201583048.152.95$3,996
Jun 201556056.152.88$3,144
May 201576055.212.96$4,196
Apr 2015116049.822.71$5,779
Mar 2015109042.892.93$4,675
Feb 2015145044.662.98$6,476
Jan 2015150043.433.10$6,515
Dec 2014150054.693.59$8,204
Nov 2014170070.464.25$11,978
Oct 2014164078.303.90$12,841
Sep 2014161086.164.05$13,872
Aug 2014135089.394.04$12,068
Jul 2014162096.564.18$15,643
Jun 2014106098.164.74$10,405
May 2014138094.734.73$13,073
Apr 2014151095.944.81$14,487
Mar 2014166095.895.06$15,918
Feb 2014245097.406.19$23,863
Jan 201488090.404.86$7,955
Dec 2013137091.824.35$12,579
Nov 2013160088.853.74$14,216
Oct 2013165097.423.78$16,074
Sep 20132860104.113.72$29,775
Aug 20131410104.253.52$14,699
Jul 20131620102.523.72$16,608
Jun 20130094.403.93$0
May 2013170094.834.15$16,121
Apr 2013173093.964.28$16,255
Mar 20130093.623.91$0
Feb 2013165091.233.42$15,053
Jan 2013169091.603.42$15,480
Dec 2012160086.773.42$13,883
Nov 2012155086.953.62$13,477
Oct 2012164089.383.40$14,658
Sep 20120094.672.92$0
Aug 2012157092.662.91$14,548
Jul 2012159085.133.02$13,536
Jun 2012155079.822.52$12,372
May 2012160091.612.49$14,658
Apr 20121610101.652.00$16,366
Mar 20121660105.052.22$17,438
Feb 201200101.102.57$0
Jan 2012175098.092.73$17,166
Dec 2011167096.873.24$16,177
Nov 2011175095.723.31$16,751
Oct 2011166084.983.65$14,107
Sep 2011163083.623.99$13,630
Aug 20110083.404.15$0
Jul 2011161094.144.52$15,157
Jun 2011170092.904.64$15,793
May 2011159098.134.40$15,603
Apr 20111620105.964.33$17,166
Mar 2011316096.364.06$30,450
Feb 20110085.644.18$0
Jan 2011172086.504.59$14,878
Dec 2010163085.734.35$13,974
Nov 2010161080.843.80$13,015
Oct 2010160078.103.51$12,496
Sep 2010165072.633.98$11,984
Aug 2010166073.684.42$12,231
Jul 2010173072.554.74$12,551
Jun 2010166070.364.91$11,680
May 2010174071.124.24$12,375
Apr 2010172081.694.12$14,051
Mar 2010179078.394.39$14,032
Feb 20100073.585.44$0
Jan 2010172074.365.96$12,790
Dec 2009167071.445.48$11,930
Nov 2009169074.593.75$12,606
Oct 2009170072.544.11$12,332
Sep 2009164065.543.06$10,749
Aug 2009171067.423.22$11,529
Jul 2009175061.133.46$10,698
Jun 2009354066.163.90$23,421
May 2009172054.743.93$9,415
Apr 2009181046.773.59$8,465
Mar 2009164042.144.06$6,911
Feb 2009165032.814.63$5,414
Jan 20090035.865.37$0
Dec 2008177037.105.98$6,567
Nov 20080055.496.86$0
Oct 2008336075.246.92$25,281
Sep 200800101.767.88$0
Aug 20081670114.228.48$19,075
Jul 20081680131.0811.39$22,021
Jun 20081670131.3313.03$21,932
May 20081710123.1711.57$21,062
Apr 20081740110.3110.45$19,194
Mar 20081770101.909.66$18,036
Feb 2008176092.538.77$16,285
Jan 2008177090.388.21$15,997
Dec 2007178088.337.30$15,723
Nov 2007172091.677.29$15,767
Oct 2007175082.856.92$14,499
Sep 20070075.846.24$0
Aug 2007178069.066.39$12,293
Jul 2007175070.906.39$12,408
Jun 2007180062.007.55$11,160
May 2007180058.747.85$10,573
Apr 2007176059.617.81$10,491
Mar 2007176056.927.30$10,018
Feb 2007181055.108.22$9,973
Jan 2007173050.306.73$8,702
Dec 2006169056.656.92$9,574
Nov 2006164054.207.62$8,889
Oct 2006179054.906.01$9,827
Sep 2006170060.085.04$10,214
Aug 2006178068.717.34$12,230
Jul 2006162069.376.34$11,238
Jun 2006172066.286.38$11,400
May 2006161066.016.42$10,628
Apr 2006173064.397.36$11,139
Mar 2006170056.707.08$9,639
Feb 2006175057.597.75$10,078
Jan 2006171060.598.93$10,361
Dec 2005177054.9413.42$9,724
Nov 2005170054.6910.59$9,297
Oct 2005179058.3413.80$10,443
Sep 2005169061.4512.08$10,385
Aug 2005169061.519.80$10,395
Jul 2005170055.697.84$9,467
Jun 2005173052.337.38$9,053
May 2005172045.226.65$7,778
Apr 2005176049.207.36$8,659
Mar 2005175050.377.15$8,815
Feb 2005330045.226.31$14,923
Jan 2005180043.166.32$7,769
Dec 2004179039.866.75$7,135
Nov 2004176045.286.33$7,969
Oct 2004176049.706.52$8,747
Sep 2004178043.245.28$7,697
Aug 2004175042.375.55$7,415
Jul 2004176038.286.08$6,737
Jun 2004173036.106.43$6,245
May 2004173037.486.49$6,484
Apr 2004347034.475.86$11,961
Mar 2004174034.365.53$5,979
Feb 2004177032.455.51$5,744
Jan 2004179032.036.30$5,733
Dec 2003176030.266.30$5,326
Nov 2003179028.804.60$5,155
Oct 2003179028.174.76$5,042
Sep 2003177026.314.75$4,657
Aug 2003173029.765.13$5,148
Jul 2003177029.415.17$5,206
Jun 2003175028.565.98$4,998
May 2003344026.595.97$9,147
Apr 2003177026.675.41$4,721
Mar 2003180031.146.10$5,605
Feb 2003173033.487.93$5,792
Jan 2003168030.315.58$5,092
Dec 2002174026.914.85$4,682
Nov 2002168024.664.14$4,143
Oct 20020026.464.23$0
Sep 2002168027.443.64$4,610
Aug 2002173025.963.16$4,491
Jul 20020024.583.06$0
Jun 2002326023.733.34$7,736
May 20020024.663.58$0
Apr 2002148023.653.51$3,500
Mar 2002169022.003.10$3,718
Feb 20020018.222.38$0
Jan 2002177017.172.38$3,039
Dec 2001174016.932.36$2,946
Nov 20010018.072.41$0
Oct 2001172019.782.53$3,402
Sep 2001173024.262.25$4,197
Aug 20010024.873.05$0
Jul 2001164023.933.20$3,925
Jun 2001162024.563.82$3,979
May 2001172025.524.31$4,389
Apr 2001173024.685.34$4,270
Mar 2001167024.545.38$4,098
Feb 20010027.755.77$0
Jan 2001175027.478.40$4,807
Dec 20000026.889.12$0
Nov 2000109032.215.66$3,511
Oct 2000178031.235.15$5,559
Sep 2000175031.875.19$5,577
Aug 20000029.644.54$0
Jul 2000170028.534.09$4,850
Jun 2000175029.304.40$5,128
May 20000027.263.68$0
Apr 2000176024.513.12$4,314
Mar 2000178028.422.86$5,059
Feb 20000027.622.73$0
Jan 2000169025.272.48$4,271
Dec 1999179024.282.42$4,346
Nov 1999175023.192.43$4,058
Oct 19990020.982.80$0
Sep 1999179021.752.62$3,893
Aug 1999172019.262.88$3,313
Jul 19990017.892.37$0
Jun 1999179015.942.36$2,853
May 1999190015.792.32$3,000
Apr 1999177015.102.21$2,673
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 1999184010.381.90$1,910
Dec 1998009.201.77$0
Nov 1998185010.892.19$2,015
Oct 1998189012.421.97$2,347
Sep 1998182012.592.08$2,291
Aug 19980011.301.91$0
Jul 1998184011.742.24$2,160
Jun 1998183011.242.24$2,057
May 1998188012.622.21$2,373
Apr 19980013.042.51$0
Mar 1998370012.802.31$4,736
Feb 19980013.952.30$0
Jan 1998232014.702.15$3,410
Dec 1997284016.322.41$4,635
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 1997178017.742.95$3,158
Aug 19970017.862.55$0
Jul 1997162017.582.25$2,848
Jun 1997177017.242.26$3,051
May 1997178018.972.31$3,377
Apr 1997167017.882.08$2,986
Mar 1997179018.951.94$3,392
Feb 1997179020.492.21$3,668
Jan 1997189023.483.54$4,438
Dec 19960023.32$0
Nov 19960021.97$0
Oct 1996182023.31$4,242
Sep 1996181022.22$4,022
Aug 1996182020.26$3,687
Jul 19960019.55$0
Jun 1996159018.73$2,978
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 199578016.00$1,248
Oct 19950015.43$0
Sep 199599016.18$1,602
Aug 1995121015.92$1,926
Jul 1995278015.24$4,237
Jun 19950016.41$0
May 1995297017.56$5,215
Apr 19950017.73$0
Mar 1995180016.44$2,959
Feb 19950016.58$0
Jan 1995369015.92$5,874
Dec 19940015.03$0
Nov 19940015.90$0
Oct 1994184015.58$2,867
Sep 1994183115.29$2,798
Aug 19940116.13$0
Jul 19940117.56$0
Jun 1994184117.09$3,145
May 1994184115.88$2,922
Apr 19940114.14$0
Mar 19941112.46$12
Feb 1994177112.50$2,213
Jan 19940112.66$0
Dec 1993184112.33$2,269
Nov 19930114.49$0
Oct 1993183115.85$2,901
Sep 1993139115.03$2,089
Aug 1993183115.66$2,866
Jul 19930115.46$0
Jun 1993176116.79$2,955
May 1993176117.68$3,112
Apr 1993176118.05$3,177
Mar 19930118.14$0
Feb 1993119117.90$2,130
Jan 1993180116.93$3,047

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.

Apr 2026 — as filed, then multipliedworked
Oil                   81 bbl  × $ 98.93 =     $8,013
Casinghead gas         0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                   $8,013

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. 6E/O/8340 is the state's own key, not one this site invented.