PAYNE, W.W.
PAYNE, W.W. is a Texas gas lease in Madison County, Railroad Commission district 03, operated by Great Western Onshore Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,015,066 thousand cubic feet. 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 $7K, with roughly $4K 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 493 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 1,980 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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, W.W.
- Who operates PAYNE, W.W.?
- PAYNE, W.W. is operated by Great Western Onshore Inc., Railroad Commission of Texas operator number 328793.
- Where is PAYNE, W.W.?
- PAYNE, W.W. is a Texas gas lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 087397.
- Is PAYNE, W.W. still producing?
- PAYNE, W.W. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAYNE, W.W. is August 2026.
- How much has PAYNE, W.W. produced?
- PAYNE, W.W. has reported 1,015,066 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PAYNE, W.W. worth?
- The remaining production from PAYNE, W.W. is estimated to be worth about $7K in total as of 27 August 2026, within a range of $6K to $9K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAYNE, W.W. is a fraction of it. The estimate fits an Arps decline curve to the production PAYNE, W.W. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAYNE, W.W. is an estimate of value, not an offer and not an appraisal.
- How much income does PAYNE, W.W. generate in a year?
- PAYNE, W.W. is forecast to net about $4K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PAYNE, W.W. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Great Western Onshore Inc. |
|---|---|
| Field | Madisonville (Sub-Clark, Gas) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 087397 |
| Wellbores | 1 |
| Reported production | 1,015,066 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7K |
Where PAYNE, W.W. 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.