BAILEY GAS UNIT "A"

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the FARRAR (COTTON VALLEY LIME) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 266159District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.7 M
Feb 2012 – May 2026
Value, last 12 filed months
$157 k
at the published price for each month
Months reported
172
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 478 leases and 478 wells, and the rule below applies to all of them.

Discovered
1977-03-17
as the register files it
Field class
Gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2010-11-30.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: PRORATION PURPOSES.

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 Gas112013-03-06209143
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
CondensateDisposition465 bbl$33,723
GasProduction1,441,434 Mcf$4,634,551
Total$4,668,274

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 31.4564, -96.2429. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45635, -96.24290 · 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
14,405 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 14,405 ft.

Completions filed
Feb 2012
1 of 1 wells

1 well

42-161346882014,405 ftFeb 2012

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 (172)

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

172 months

May 202607,027106.413.05$21,403
Apr 202605,78598.932.87$16,601
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 202535,28856.664.41$23,508
Nov 202522,82658.593.93$11,213
Oct 202585,76059.383.30$19,511
Sep 202544,15262.743.08$13,026
Aug 202545,35463.933.01$16,397
Jul 202505,46166.743.32$18,104
Jun 202505,36966.483.13$16,798
May 202525,72360.553.23$18,620
Apr 202535,69962.363.54$20,379
Mar 202564,34367.704.27$18,944
Feb 202505,31670.884.34$23,076
Jan 202526,09474.324.28$26,223
Dec 2024156,86468.993.12$22,460
Nov 202406,68169.052.20$14,688
Oct 202447,46271.372.28$17,309
Sep 202437,87069.612.36$18,816
Aug 202409,04875.632.06$18,672
Jul 2024310,66879.932.15$23,140
Jun 2024813,00278.082.63$34,872
May 2024622,88978.812.20$50,793
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 202304475.112.47$108
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220684.888.16$49
Aug 202201,17394.529.13$10,706
Jul 202225,786101.587.54$43,842
Jun 20221420115.097.98$3,466
May 202234,498109.378.43$38,260
Apr 202204,847104.226.84$33,142
Mar 202205,640108.885.08$28,631
Feb 202204,60891.054.86$22,390
Jan 202205,06181.844.54$22,965
Dec 202105,60371.323.90$21,847
Nov 202105,38277.435.24$28,185
Oct 202105,26279.795.71$30,066
Sep 202105,37269.865.35$28,745
Aug 202105,22966.024.22$22,069
Jul 202105,15870.783.98$20,540
Jun 202105,08269.493.38$17,180
May 202175,29963.483.02$16,435
Apr 202124,85260.362.76$13,505
Mar 202155,08761.302.72$14,128
Feb 202164,10157.805.55$23,099
Jan 202145,84550.412.81$16,628
Dec 202045,54044.642.68$15,001
Nov 202076,62638.772.71$18,205
Oct 202013,27136.972.48$8,144
Sep 202012,08637.091.99$4,190
Aug 202015,17039.982.39$12,371
Jul 202034,66838.371.83$8,635
Jun 202035,02634.901.69$8,600
May 202005,24116.921.81$9,511
Apr 2020116,15514.751.80$11,268
Mar 2020166,01030.341.86$11,641
Feb 2020137,18849.881.98$14,886
Jan 202002,61257.252.09$5,471
Dec 201905,04959.012.30$11,635
Nov 201915,27655.302.75$14,568
Oct 201904,96953.472.42$12,018
Sep 201915,01855.052.66$13,389
Aug 201925,61153.112.30$13,036
Jul 201915,53456.272.46$13,670
Jun 201925,23552.782.49$13,147
May 201935,63158.482.74$15,606
Apr 201942,33162.632.75$6,662
Mar 201945,09756.803.06$15,835
Feb 201955,00850.852.79$14,238
Jan 2019135,43446.033.23$18,140
Dec 201855,39946.594.19$22,830
Nov 201835,37052.934.24$22,913
Oct 201845,94861.443.40$20,458
Sep 201835,28059.543.11$16,589
Aug 201825,01159.403.07$15,485
Jul 201865,54265.142.93$16,639
Jun 2018911,84660.183.08$36,991
May 201887,16465.382.90$21,304
Apr 201835,72963.842.90$16,810
Mar 201866,73961.222.79$19,148
Feb 201836,30761.782.77$17,631
Jan 201834,60262.874.01$18,640
Dec 201777,07957.272.92$21,082
Nov 201756,01555.423.12$19,034
Oct 201744,50749.292.98$13,645
Sep 201725,74547.523.09$17,831
Aug 201737,76145.373.00$23,453
Jul 201726,51543.873.09$20,201
Jun 201726,98042.493.09$21,634
May 201738,11745.373.26$26,625
Apr 201759,34147.933.21$30,239
Mar 201735,39346.772.98$16,231
Feb 201735,35650.452.95$15,965
Jan 201727,80549.413.42$26,783
Dec 201626,43548.763.72$24,054
Nov 201607,48042.492.64$19,780
Oct 201608,65346.193.09$26,740
Sep 201605,92541.553.10$18,371
Aug 201607,55041.442.92$22,079
Jul 201605,23741.622.92$15,315
Jun 201607,23845.352.69$19,440
May 201608,80942.521.99$17,539
Apr 201607,91136.561.99$15,751
Mar 201604,40233.011.79$7,897
Feb 201608,45226.472.06$17,442
Jan 201608,86127.352.36$20,951
Dec 201507,05532.362.00$14,120
Nov 201507,83238.792.17$16,975
Oct 201509,65843.552.43$23,436
Sep 2015010,06442.992.76$27,761
Aug 2015010,21140.162.87$29,331
Jul 201507,82548.152.95$23,045
Jun 2015010,33456.152.88$29,791
May 2015011,27455.212.96$33,320
Apr 2015011,55949.822.71$31,285
Mar 2015010,24042.892.93$30,051
Feb 201509,37144.662.98$27,890
Jan 2015010,56143.433.10$32,746
Dec 2014011,07754.693.59$39,781
Nov 2014010,91070.464.25$46,388
Oct 2014011,74778.303.90$45,825
Sep 2014011,30786.164.05$45,742
Aug 2014012,02389.394.04$48,514
Jul 2014012,09396.564.18$50,544
Jun 2014012,29898.164.74$58,254
May 2014012,69494.734.73$59,999
Apr 2014013,06895.944.81$62,846
Mar 2014013,77695.895.06$69,662
Feb 2014010,89697.406.19$67,468
Jan 2014013,81290.404.86$67,136
Dec 2013014,97391.824.35$65,200
Nov 2013014,21188.853.74$53,125
Oct 2013011,85297.423.78$44,793
Sep 2013011,901104.113.72$44,245
Aug 2013013,621104.253.52$47,981
Jul 201316614,342102.523.72$70,338
Jun 2013014,51894.403.93$57,105
May 2013015,72794.834.15$65,253
Apr 2013016,31993.964.28$69,888
Mar 2013017,43393.623.91$68,213
Feb 2013017,60991.233.42$60,221
Jan 2013022,18891.603.42$75,881
Dec 2012025,26186.773.42$86,397
Nov 2012027,69186.953.62$100,379
Oct 2012033,35589.383.40$113,396
Sep 2012030,80994.672.92$89,913
Aug 2012024,04092.662.91$69,912
Jul 2012028,33685.133.02$85,597
Jun 2012032,29879.822.52$81,360
May 2012041,01891.612.49$102,066
Apr 2012051,431101.652.00$102,697
Mar 2012261,643105.052.22$137,186
Feb 2012023,847101.102.57$61,293

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                7,027 Mcf  × $  3.05 =    $21,403

────────────────────────────────────────────────────
Month total                                  $21,403

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. 05/G/266159 is the state's own key, not one this site invented.