PAYNE-TERRY UNIT
PAYNE-TERRY UNIT is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Felderhoff Production Company. It has 1 wellbore on file with the Commission. Reported production runs from June 2014 to August 2026, totalling 5,900 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 $93K, with roughly $18K 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 38 barrels a month. Its strongest month on the record we hold was October 2017, at 143 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-TERRY UNIT
- Who operates PAYNE-TERRY UNIT?
- PAYNE-TERRY UNIT is operated by Felderhoff Production Company, Railroad Commission of Texas operator number 265140.
- Where is PAYNE-TERRY UNIT?
- PAYNE-TERRY UNIT is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 32937.
- Is PAYNE-TERRY UNIT still producing?
- PAYNE-TERRY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAYNE-TERRY UNIT is August 2026.
- How much has PAYNE-TERRY UNIT produced?
- PAYNE-TERRY UNIT has reported 5,900 barrels of oil (bbl) to the Railroad Commission of Texas between June 2014 and August 2026, from 1 wellbore.
- How much is PAYNE-TERRY UNIT worth?
- The remaining production from PAYNE-TERRY UNIT is estimated to be worth about $93K in total as of 26 August 2026, within a range of $51K to $135K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAYNE-TERRY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PAYNE-TERRY 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-TERRY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PAYNE-TERRY UNIT generate in a year?
- PAYNE-TERRY UNIT is forecast to net about $18K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAYNE-TERRY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Felderhoff Production Company |
|---|---|
| Field | Pottsboro, West (Cordell SD.) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 32937 |
| Wellbores | 1 |
| Reported production | 5,900 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $93K |
Where PAYNE-TERRY 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.