PAINE
PAINE is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Munson, Charles C. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 26,973 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $42K, with roughly $8K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 10 barrels a month. Its strongest month on the record we hold was May 2018, at 185 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about PAINE
- Who operates PAINE?
- PAINE is operated by Munson, Charles C., Railroad Commission of Texas operator number 593195.
- Where is PAINE?
- PAINE is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 03686.
- Is PAINE still producing?
- PAINE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAINE is August 2026.
- How much has PAINE produced?
- PAINE has reported 26,973 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PAINE worth?
- The remaining production from PAINE is estimated to be worth about $42K in total as of 27 August 2026, within a range of $0 to $84K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAINE is a fraction of it. The estimate fits an Arps decline curve to the production PAINE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAINE is an estimate of value, not an offer and not an appraisal.
- How much income does PAINE generate in a year?
- PAINE is forecast to net about $8K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PAINE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Munson, Charles C. |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 03686 |
| Wellbores | 1 |
| Reported production | 26,973 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $42K |
Where PAINE sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.