Public record
How published well rates and crude prices turn into revenue.
EIA publishes how much U.S. wells produce. It also publishes what crude sold for. Multiply the two, take the working-interest share, and you have the first arithmetic of a well.
What is already out there
Volume from the well. Price from the market. Revenue is the product, after burdens.
EIA’s wells-by-rate report (December 2025, data through 2024) counted 918,481 producing U.S. wells. Most wells are small: about 78% produced 15 barrels of oil equivalent per day or less. Most of the country’s oil and gas, since 2018, has come from wells in the 100 to 3,200 BOE/d band.
That report is production, not money. Money starts with a price series — EIA’s Cushing WTI spot and the U.S. crude first-purchase price — and then subtracts royalty, taxes, and operating cost. State commissions keep the lease ledgers. Texas and North Dakota publish theirs.
EIA
U.S. oil and natural gas wells by production rateAnnual census of producing wells, grouped into 22 volume brackets from under 1 BOE per day to more than 12,800. Latest full year in the December 2025 release is 2024.
EIA
Full wells-by-rate report (PDF)The written report behind the tables. Horizontal wells were 22% of producing wells in 2024, up from 10% in 2014.
EIA
Appendix C — wells-by-rate workbookSpreadsheet for the United States, each state, and federal offshore. Use this when you want the underlying counts, not a summary.
EIA
Drilling Productivity ReportMonthly regional series for the Permian, Bakken, Eagle Ford, and other tight-oil regions. New-well oil production per rig is a regional efficiency measure — it is not the production of a single well.
EIA
DPR regional workbookThe downloadable file behind the Drilling Productivity Report.
EIA
Cushing, OK WTI spot priceDaily, weekly, monthly, and annual dollars per barrel. A public benchmark. A well’s realized price is usually different.
EIA
U.S. crude oil first purchase priceWhat domestic producers were paid at first sale, in dollars per barrel. Closer to wellhead cash than the Cushing futures print.
EIA
Short-Term Energy OutlookEIA’s published near-term view of prices and production. Revised monthly.
Texas RRC
Production Data QueryLease-level oil and gas volumes as reported to the Railroad Commission of Texas. Public. Not a revenue statement.
North Dakota DMR
Oil and gas production statisticsMonthly and annual Bakken and statewide volumes. Well search is separate at the same agency.
1% working interest
The same public rate class, at $60 a barrel and at $80 a barrel.
A 1% working interest receives 1% of the well’s production, before royalty and cost. Prices are round marks you can compare to EIA’s Cushing WTI series. The mid row uses 400 BOE per day — inside the 100–3,200 band that has supplied most U.S. production since 2018.
1% working interest · 60 dollars a barrel
$87,600
400 BOE/d held flat for a year. One percent of that production.
1% working interest · 80 dollars a barrel
$116,800
400 BOE/d held flat for a year. One percent of that production.
Both figures assume a 1% working interest in a well that holds a flat 400 BOE/d for 365 days — 146,000 barrels at the well, 1,460 barrels to that 1% interest. Royalty, operating cost, and decline still come off later.
Change a figure
Same arithmetic. Different rate, price, or interest.
Gross product value, whole well
$8,760,000
146,000 barrels × $60 per barrel. That is wellhead product value before royalty, severance tax, operating cost, or decline.
- Barrels in the window
- 146,000
- 1% working-interest slice
- $87,600
A working-interest owner is paid on the owner’s share of production, after royalty and operating cost. Horizontal wells decline after first production, so a flat 365-day rate is the simple case. Gas is left out of this table.