PAYNE UNIT
PAYNE UNIT is a Texas oil lease in Brazos County, Railroad Commission district 03, operated by Vess Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from March 2014 to August 2026, totalling 54,087 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 $219K, with roughly $42K 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 54 barrels a month. Its strongest month on the record we hold was March 2017, at 517 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PAYNE UNIT
- Who operates PAYNE UNIT?
- PAYNE UNIT is operated by Vess Oil Corporation, Railroad Commission of Texas operator number 884750.
- Where is PAYNE UNIT?
- PAYNE UNIT is a Texas oil lease in Brazos County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26493.
- Is PAYNE UNIT still producing?
- PAYNE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAYNE UNIT is August 2026.
- How much has PAYNE UNIT produced?
- PAYNE UNIT has reported 54,087 barrels of oil (bbl) to the Railroad Commission of Texas between March 2014 and August 2026, from 1 wellbore.
- How much is PAYNE UNIT worth?
- The remaining production from PAYNE UNIT is estimated to be worth about $219K in total as of 26 August 2026, within a range of $121K to $318K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAYNE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PAYNE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAYNE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PAYNE UNIT generate in a year?
- PAYNE UNIT is forecast to net about $42K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAYNE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Vess Oil Corporation |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Brazos County, Texas |
| RRC district | 03 |
| Lease number | 26493 |
| Wellbores | 1 |
| Reported production | 54,087 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $219K |
Where PAYNE UNIT 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.