BAILEY-REESE

Operated by VISION OIL AND GAS LLC (P-5 886198) in the VAQUILLAS RANCH (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 195751District 04Field 932154002 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.5 M
May 2003 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
277
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 909 leases and 909 wells, and the rule below applies to all of them.

Discovered
1998-02-24
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-11-02.

The Commission's schedule remark for this field reads: NO P-15 OR PLAT REQUIRED.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112004-05-11156792
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition3,897 bbl$191,109
GasProduction1,036,350 Mcf$6,290,853
Total$6,481,962

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 27.4654, -98.9921. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.46536, -98.99207 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
13,435 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 13,435 ft.

Completions filed
May 2003
1 of 1 wells

1 well

42-47938342113,435 ftMay 2003

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (277)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

277 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 202106066.024.22$253
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 2019047859.012.30$1,101
Nov 201902,57955.302.75$7,094
Oct 201903,05353.472.42$7,384
Sep 201901,03655.052.66$2,753
Aug 201901,42053.112.30$3,272
Jul 201901,50356.272.46$3,697
Jun 2019099752.782.49$2,484
May 201901,71858.482.74$4,708
Apr 2019042662.632.75$1,172
Mar 201902,14756.803.06$6,574
Feb 2019094850.852.79$2,647
Jan 2019065146.033.23$2,102
Dec 2018076046.594.19$3,181
Nov 201801,51852.934.24$6,432
Oct 201802,72461.443.40$9,256
Sep 201802,39659.543.11$7,447
Aug 201802,40759.403.07$7,381
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 2018092963.842.90$2,695
Mar 201801,34661.222.79$3,751
Feb 2018040361.782.77$1,115
Jan 2018051262.874.01$2,053
Dec 2017049357.272.92$1,440
Nov 2017056855.423.12$1,771
Oct 2017047149.292.98$1,405
Sep 2017034247.523.09$1,056
Aug 2017026145.373.00$784
Jul 2017029443.873.09$908
Jun 2017031042.493.09$957
May 2017071045.373.26$2,317
Apr 2017084847.933.21$2,723
Mar 201701,31246.772.98$3,915
Feb 2017063150.452.95$1,863
Jan 2017061649.413.42$2,106
Dec 2016049448.763.72$1,839
Nov 2016056742.492.64$1,499
Oct 2016078146.193.09$2,413
Sep 2016084041.553.10$2,605
Aug 201601,00641.442.92$2,942
Jul 2016098841.622.92$2,889
Jun 2016097845.352.69$2,627
May 2016094142.521.99$1,874
Apr 201601,06136.561.99$2,112
Mar 201601,13333.011.79$2,033
Feb 2016059026.472.06$1,218
Jan 2016098827.352.36$2,336
Dec 201502,81632.362.00$5,636
Nov 2015078338.792.17$1,697
Oct 201501,12143.552.43$2,720
Sep 201501,18142.992.76$3,258
Aug 2015086740.162.87$2,490
Jul 2015077948.152.95$2,294
Jun 2015093156.152.88$2,684
May 201501,26055.212.96$3,724
Apr 2015058149.822.71$1,573
Mar 201501,96742.892.93$5,773
Feb 201501,12244.662.98$3,339
Jan 201502,04843.433.10$6,350
Dec 201401,30654.693.59$4,690
Nov 201402,23470.464.25$9,499
Oct 201402,22278.303.90$8,668
Sep 201401,79786.164.05$7,270
Aug 201402,09189.394.04$8,437
Jul 201401,33396.564.18$5,571
Jun 201401,20298.164.74$5,694
May 201401,03794.734.73$4,901
Apr 201402,04395.944.81$9,825
Mar 201401,65795.895.06$8,379
Feb 2014097797.406.19$6,050
Jan 201401,38890.404.86$6,747
Dec 201303,39491.824.35$14,779
Nov 201302,18788.853.74$8,176
Oct 2013101,94397.423.78$8,318
Sep 201302,012104.113.72$7,480
Aug 201301,711104.253.52$6,027
Jul 201302,402102.523.72$8,930
Jun 201302,24594.403.93$8,831
May 201302,61294.834.15$10,837
Apr 201302,45893.964.28$10,527
Mar 201302,75693.623.91$10,784
Feb 201302,12991.233.42$7,281
Jan 201302,84091.603.42$9,713
Dec 201202,61886.773.42$8,954
Nov 201202,39286.953.62$8,671
Oct 201202,77889.383.40$9,444
Sep 201202,78294.672.92$8,119
Aug 201203,30892.662.91$9,620
Jul 201203,15085.133.02$9,516
Jun 201202,35279.822.52$5,925
May 201203,12491.612.49$7,774
Apr 201202,868101.652.00$5,727
Mar 201203,515105.052.22$7,811
Feb 201203,071101.102.57$7,893
Jan 201202,20198.092.73$6,018
Dec 201102,20196.873.24$7,131
Nov 201103,02895.723.31$10,027
Oct 201103,44084.983.65$12,551
Sep 201103,51883.623.99$14,022
Aug 201102,63783.404.15$10,942
Jul 201102,73194.144.52$12,337
Jun 201102,87692.904.64$13,344
May 201102,87998.134.40$12,681
Apr 201102,785105.964.33$12,068
Mar 201103,56496.364.06$14,460
Feb 201102,17385.644.18$9,083
Jan 201102,87686.504.59$13,197
Dec 201003,11685.734.35$13,548
Nov 201003,55580.843.80$13,492
Oct 201003,55578.103.51$12,474
Sep 201003,56672.633.98$14,191
Aug 201004,38173.684.42$19,361
Jul 201004,64372.554.74$21,992
Jun 201004,32970.364.91$21,257
May 201084,81371.124.24$20,953
Apr 201004,45681.694.12$18,371
Mar 201032,20478.394.39$9,908
Feb 201001,83173.585.44$9,965
Jan 201002,85274.365.96$17,010
Dec 200913,20371.445.48$17,636
Nov 2009443,12674.593.75$15,009
Oct 200903,58272.544.11$14,723
Sep 2009103,51965.543.06$11,440
Aug 2009613,45867.423.22$15,242
Jul 200912,75361.133.46$9,599
Jun 200922,74666.163.90$10,828
May 2009382,92354.743.93$13,555
Apr 200962,66846.773.59$9,852
Mar 2009123,90742.144.06$16,364
Feb 200933,82532.814.63$17,820
Jan 200904,27135.865.37$22,940
Dec 2008694,20937.105.98$27,718
Nov 200853,82255.496.86$26,498
Oct 2008513,68675.246.92$29,352
Sep 200803,404101.767.88$26,814
Aug 200803,675114.228.48$31,175
Jul 2008624,432131.0811.39$58,605
Jun 200804,196131.3313.03$54,685
May 2008638,882123.1711.57$110,563
Apr 200887,545110.3110.45$79,764
Mar 2008996,839101.909.66$76,181
Feb 2008887,00792.538.77$69,598
Jan 200868,05690.388.21$66,648
Dec 200708,27088.337.30$60,387
Nov 200709,25291.677.29$67,463
Oct 200708,40482.856.92$58,172
Sep 200705,19975.846.24$32,463
Aug 200714,48769.066.39$28,732
Jul 200705,52870.906.39$35,313
Jun 200775,21962.007.55$39,829
May 200725,29658.747.85$41,671
Apr 200707,79859.617.81$60,865
Mar 200706,26756.927.30$45,761
Feb 200705,13955.108.22$42,222
Jan 200705,32450.306.73$35,814
Dec 200665,72656.656.92$39,955
Nov 200627,38854.207.62$56,386
Oct 200603,99754.906.01$24,037
Sep 200626,25960.085.04$31,648
Aug 200615,49268.717.34$40,380
Jul 2006886,03369.376.34$44,370
Jun 200668,26366.286.38$53,148
May 200639,01266.016.42$58,100
Apr 200628,81064.397.36$64,975
Mar 2006010,46056.707.08$74,087
Feb 20061428,35157.597.75$72,907
Jan 200624,04960.598.93$36,292
Dec 2005878,78354.9413.42$122,607
Nov 20051211,75354.6910.59$125,102
Oct 200510314,68558.3413.80$208,600
Sep 200511010,77661.4512.08$136,923
Aug 2005417,79761.519.80$174,600
Jul 2005620,34155.697.84$159,882
Jun 20056617,25252.337.38$130,791
May 20059117,27145.226.65$118,987
Apr 20059210,20749.207.36$79,655
Mar 200512612,89350.377.15$98,594
Feb 2005013,91145.226.31$87,805
Jan 200551110,68543.166.32$89,607
Dec 200427,89339.866.75$53,366
Nov 200418710,73745.286.33$76,437
Oct 200408,72549.706.52$56,844
Sep 2004010,43443.245.28$55,132
Aug 2004011,89542.375.55$66,025
Jul 200420312,95238.286.08$86,573
Jun 2004711,51336.106.43$74,316
May 200469,68137.486.49$63,099
Apr 200419812,64934.475.86$80,929
Mar 200436514,88234.365.53$94,841
Feb 200419712,00432.455.51$72,530
Jan 20042816,46332.036.30$104,608
Dec 2003323,33230.266.30$147,121
Nov 200354625,56928.804.60$133,218
Oct 20031736,68328.174.76$175,077
Sep 20031630,22426.314.75$143,966
Aug 2003059,67729.765.13$306,126
Jul 2003023,86529.415.17$123,402
Jun 2003042,22728.565.98$252,642
May 20030026.595.97$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Aug 2021 — as filed, then multipliedworked
Condensate             0 bbl  × $ 66.02 =         $0
Gas                   60 Mcf  × $  4.22 =       $253

────────────────────────────────────────────────────
Month total                                     $253

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 04/G/195751 is the state's own key, not one this site invented.