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 PRIME OPERATING COMPANY (P-5 677770) in the SPRABERRY (TREND AREA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 10727District 7CField 85279200NGPA filingOilCasinghead gasSave Export

Value, all time

$671 k

Jan 1993 – Oct 2011

Value, last 12 filed months

at the published price for each month

Months reported

226

no gaps in the span

Streams

oil, casinghead gas

The SPRABERRY (TREND AREA) 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 7,461 leases and 22,481 wells, and the rule below applies to all of them.

Discovered

1904-12-31

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-03-08.

The Commission's schedule remark for this field reads: “AREA) 85279200.”

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	2	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	22,781 bbl	$576,035
Casinghead gas	Production	37,982 Mcf	$95,417
Total			$671,452

16,087 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 (2)

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 31.4584, -101.9227. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.45842, -101.92272 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

8,830 ft

2 wells filed one

Completion to plug

19.6 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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

Between 8,800 and 8,860 ft, median 8,830 ft, over the 2 wells that filed a depth.

Completions filed

Mar 1984 – Dec 1984

2 of 2 wells

Plug dates filed

Mar 1998 – Jan 2010

2 of 2 wells

Last completion to plug: a median of 19.6 years across the 2 wells that filed both dates, with the middle half between 16.8 years and 22.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-46132075	2	8,800 ft	Dec 1984	Jan 2010	Yes
42-46132076	1	8,860 ft	Mar 1984	Mar 1998	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 (226)

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

226 months


Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	176	0	101.76	7.88	$17,910
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	171	0	123.17	11.57	$21,062
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	1	0	101.90	9.66	$102
Feb 2008	2	0	92.53	8.77	$185
Jan 2008	177	0	90.38	8.21	$15,997
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	2	0	91.67	7.29	$183
Oct 2007	1	0	82.85	6.92	$83
Sep 2007	181	29	75.84	6.24	$13,908
Aug 2007	0	6	69.06	6.39	$38
Jul 2007	0	48	70.90	6.39	$307
Jun 2007	176	46	62.00	7.55	$11,259
May 2007	1	44	58.74	7.85	$404
Apr 2007	1	37	59.61	7.81	$348
Mar 2007	1	45	56.92	7.30	$386
Feb 2007	2	5	55.10	8.22	$151
Jan 2007	4	0	50.30	6.73	$201
Dec 2006	3	2	56.65	6.92	$184
Nov 2006	120	49	54.20	7.62	$6,877
Oct 2006	1	56	54.90	6.01	$392
Sep 2006	157	76	60.08	5.04	$9,815
Aug 2006	0	92	68.71	7.34	$675
Jul 2006	0	84	69.37	6.34	$533
Jun 2006	0	100	66.28	6.38	$638
May 2006	133	140	66.01	6.42	$9,679
Apr 2006	1	96	64.39	7.36	$771
Mar 2006	111	132	56.70	7.08	$7,229
Feb 2006	1	103	57.59	7.75	$856
Jan 2006	83	125	60.59	8.93	$6,146
Dec 2005	66	134	54.94	13.42	$5,424
Nov 2005	84	134	54.69	10.59	$6,013
Oct 2005	81	174	58.34	13.80	$7,126
Sep 2005	84	138	61.45	12.08	$6,829
Aug 2005	113	187	61.51	9.80	$8,783
Jul 2005	102	194	55.69	7.84	$7,202
Jun 2005	74	145	52.33	7.38	$4,943
May 2005	92	182	45.22	6.65	$5,371
Apr 2005	83	174	49.20	7.36	$5,364
Mar 2005	50	140	50.37	7.15	$3,520
Feb 2005	0	1	45.22	6.31	$6
Jan 2005	83	88	43.16	6.32	$4,139
Dec 2004	185	174	39.86	6.75	$8,549
Nov 2004	0	166	45.28	6.33	$1,051
Oct 2004	153	183	49.70	6.52	$8,796
Sep 2004	132	181	43.24	5.28	$6,664
Aug 2004	177	199	42.37	5.55	$8,604
Jul 2004	0	205	38.28	6.08	$1,247
Jun 2004	70	204	36.10	6.43	$3,839
May 2004	158	196	37.48	6.49	$7,195
Apr 2004	0	98	34.47	5.86	$574
Mar 2004	78	90	34.36	5.53	$3,178
Feb 2004	100	139	32.45	5.51	$4,011
Jan 2004	94	184	32.03	6.30	$4,170
Dec 2003	110	186	30.26	6.30	$4,501
Nov 2003	99	185	28.80	4.60	$3,701
Oct 2003	52	196	28.17	4.76	$2,398
Sep 2003	157	187	26.31	4.75	$5,019
Aug 2003	94	203	29.76	5.13	$3,839
Jul 2003	103	204	29.41	5.17	$4,084
Jun 2003	100	194	28.56	5.98	$4,017
May 2003	97	201	26.59	5.97	$3,780
Apr 2003	91	186	26.67	5.41	$3,433
Mar 2003	59	183	31.14	6.10	$2,953
Feb 2003	153	162	33.48	7.93	$6,406
Jan 2003	105	182	30.31	5.58	$4,198
Dec 2002	106	185	26.91	4.85	$3,750
Nov 2002	191	185	24.66	4.14	$5,475
Oct 2002	0	175	26.46	4.23	$740
Sep 2002	74	193	27.44	3.64	$2,732
Aug 2002	158	179	25.96	3.16	$4,668
Jul 2002	77	207	24.58	3.06	$2,526
Jun 2002	111	195	23.73	3.34	$3,285
May 2002	102	209	24.66	3.58	$3,264
Apr 2002	68	205	23.65	3.51	$2,328
Mar 2002	128	212	22.00	3.10	$3,474
Feb 2002	69	195	18.22	2.38	$1,720
Jan 2002	121	153	17.17	2.38	$2,441
Dec 2001	113	199	16.93	2.36	$2,384
Nov 2001	135	205	18.07	2.41	$2,933
Oct 2001	66	200	19.78	2.53	$1,811
Sep 2001	84	182	24.26	2.25	$2,448
Aug 2001	94	205	24.87	3.05	$2,964
Jul 2001	129	219	23.93	3.20	$3,787
Jun 2001	86	211	24.56	3.82	$2,919
May 2001	62	194	25.52	4.31	$2,418
Apr 2001	164	197	24.68	5.34	$5,099
Mar 2001	95	198	24.54	5.38	$3,396
Feb 2001	100	175	27.75	5.77	$3,784
Jan 2001	141	199	27.47	8.40	$5,545
Dec 2000	108	188	26.88	9.12	$4,618
Nov 2000	91	168	32.21	5.66	$3,882
Oct 2000	91	131	31.23	5.15	$3,516
Sep 2000	121	193	31.87	5.19	$4,857
Aug 2000	106	228	29.64	4.54	$4,177
Jul 2000	198	168	28.53	4.09	$6,336
Jun 2000	0	173	29.30	4.40	$761
May 2000	52	214	27.26	3.68	$2,205
Apr 2000	144	210	24.51	3.12	$4,184
Mar 2000	60	149	28.42	2.86	$2,131
Feb 2000	107	184	27.62	2.73	$3,457
Jan 2000	150	197	25.27	2.48	$4,279
Dec 1999	132	194	24.28	2.42	$3,675
Nov 1999	59	193	23.19	2.43	$1,838
Oct 1999	146	202	20.98	2.80	$3,629
Sep 1999	119	206	21.75	2.62	$3,128
Aug 1999	102	224	19.26	2.88	$2,609
Jul 1999	128	220	17.89	2.37	$2,812
Jun 1999	98	215	15.94	2.36	$2,070
May 1999	59	190	15.79	2.32	$1,373
Apr 1999	155	212	15.10	2.21	$2,809
Mar 1999	85	215	12.47	1.84	$1,455
Feb 1999	116	192	9.98	1.82	$1,507
Jan 1999	174	213	10.38	1.90	$2,211
Dec 1998	176	218	9.20	1.77	$2,006
Nov 1998	1	182	10.89	2.19	$409
Oct 1998	129	214	12.42	1.97	$2,024
Sep 1998	175	226	12.59	2.08	$2,674
Aug 1998	171	232	11.30	1.91	$2,375
Jul 1998	181	241	11.74	2.24	$2,664
Jun 1998	0	235	11.24	2.24	$526
May 1998	0	238	12.62	2.21	$525
Apr 1998	188	221	13.04	2.51	$3,005
Mar 1998	78	221	12.80	2.31	$1,509
Feb 1998	151	203	13.95	2.30	$2,573
Jan 1998	183	234	14.70	2.15	$3,194
Dec 1997	86	229	16.32	2.41	$1,956
Nov 1997	123	219	18.19	3.09	$2,914
Oct 1997	82	223	19.25	3.15	$2,281
Sep 1997	204	196	17.74	2.95	$4,198
Aug 1997	85	136	17.86	2.55	$1,866
Jul 1997	247	278	17.58	2.25	$4,967
Jun 1997	39	254	17.24	2.26	$1,246
May 1997	116	223	18.97	2.31	$2,715
Apr 1997	214	177	17.88	2.08	$4,195
Mar 1997	178	231	18.95	1.94	$3,821
Feb 1997	0	204	20.49	2.21	$450
Jan 1997	151	210	23.48	3.54	$4,289
Dec 1996	176	253	23.32	—	$4,104
Nov 1996	181	256	21.97	—	$3,977
Oct 1996	178	287	23.31	—	$4,149
Sep 1996	253	249	22.22	—	$5,622
Aug 1996	0	252	20.26	—	$0
Jul 1996	168	264	19.55	—	$3,284
Jun 1996	33	242	18.73	—	$618
May 1996	127	271	19.43	—	$2,468
Apr 1996	124	246	21.51	—	$2,667
Mar 1996	144	243	19.38	—	$2,791
Feb 1996	123	232	16.98	—	$2,089
Jan 1996	146	246	17.07	—	$2,492
Dec 1995	268	298	17.19	—	$4,607
Nov 1995	258	326	16.00	—	$4,128
Oct 1995	178	349	15.43	—	$2,747
Sep 1995	177	340	16.18	—	$2,864
Aug 1995	174	355	15.92	—	$2,770
Jul 1995	301	363	15.24	—	$4,587
Jun 1995	182	347	16.41	—	$2,987
May 1995	177	342	17.56	—	$3,108
Apr 1995	190	305	17.73	—	$3,369
Mar 1995	318	332	16.44	—	$5,228
Feb 1995	193	295	16.58	—	$3,200
Jan 1995	216	349	15.92	—	$3,439
Dec 1994	354	388	15.03	—	$5,321
Nov 1994	217	216	15.90	—	$3,450
Oct 1994	263	301	15.58	—	$4,098
Sep 1994	181	373	15.29	—	$2,767
Aug 1994	172	406	16.13	—	$2,774
Jul 1994	253	425	17.56	—	$4,443
Jun 1994	226	389	17.09	—	$3,862
May 1994	241	356	15.88	—	$3,827
Apr 1994	173	352	14.14	—	$2,446
Mar 1994	307	277	12.46	—	$3,825
Feb 1994	184	314	12.50	—	$2,300
Jan 1994	367	357	12.66	—	$4,646
Dec 1993	0	321	12.33	—	$0
Nov 1993	272	392	14.49	—	$3,941
Oct 1993	183	445	15.85	—	$2,901
Sep 1993	281	453	15.03	—	$4,223
Aug 1993	182	484	15.66	—	$2,850
Jul 1993	277	490	15.46	—	$4,282
Jun 1993	272	479	16.79	—	$4,567
May 1993	360	491	17.68	—	$6,365
Apr 1993	187	272	18.05	—	$3,375
Mar 1993	176	369	18.14	—	$3,193
Feb 1993	367	334	17.90	—	$6,569
Jan 1993	183	361	16.93	—	$3,098

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 2008 — as filed, then multipliedworked

Oil                  176 bbl  × $101.76 =    $17,910
Casinghead gas         0 Mcf  × $  7.88 =         $0

────────────────────────────────────────────────────
Month total                                  $17,910

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. 7C/O/10727 is the state's own key, not one this site invented.