BAILEY UNIT

Operated by EQV OPERATING LLC (P-5 101634) in the CARTHAGE, S. (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 150278District 06Field 160372002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.4 M
Jun 1994 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
384
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 101 leases and 101 wells, and the rule below applies to all of them.

Discovered
1978-02-20
as the register files it
Field class
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 Commission's schedule remark for this field reads: AOF-1 AND AOF-2 EFFECTIVE 11/01/97.

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 Gas111994-11-01130410
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
CondensateDisposition14,687 bbl$582,852
GasProduction811,248 Mcf$2,767,536
Total$3,350,388

224,558 Mcf of this lease's gas, across 31 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 32.0694, -94.4282. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.06937, -94.42816 · 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
9,600 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 9,600 ft.

Completions filed
Jun 2006
1 of 1 wells

1 well

42-3653295319,600 ftJun 2006

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 (384)

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

384 months

May 2026046106.413.05$140
Apr 202604898.932.87$138
Mar 202604989.753.15$154
Feb 20260063.503.75$0
Jan 202609859.138.00$784
Dec 202504956.664.41$216
Nov 202502758.593.93$106
Oct 202504659.383.30$152
Sep 202504862.743.08$148
Aug 202504863.933.01$145
Jul 202507166.743.32$235
Jun 202504766.483.13$147
May 20250060.553.23$0
Apr 2025019162.363.54$677
Mar 2025033167.704.27$1,413
Feb 202505670.884.34$243
Jan 2025019574.324.28$834
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 20220776.415.73$40
Nov 20220585.005.65$28
Oct 202204487.185.86$258
Sep 202207084.888.16$571
Aug 202208494.529.13$767
Jul 2022098101.587.54$739
Jun 2022051115.097.98$407
May 20220133109.378.43$1,122
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 202204991.054.86$238
Jan 202204081.844.54$182
Dec 2021015571.323.90$604
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 202103470.783.98$135
Jun 202101,32869.493.38$4,489
May 202102,11863.483.02$6,391
Apr 202102,01660.362.76$5,561
Mar 202102,56661.302.72$6,972
Feb 202101,82257.805.55$10,108
Jan 202102,78250.412.81$7,818
Dec 202003,29844.642.68$8,824
Nov 202002,02838.772.71$5,489
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 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 201909546.033.23$307
Dec 2018010646.594.19$444
Nov 201808952.934.24$377
Oct 201808061.443.40$272
Sep 201805059.543.11$155
Aug 2018011259.403.07$343
Jul 20180065.142.93$0
Jun 201802360.183.08$71
May 201802265.382.90$64
Apr 201806863.842.90$197
Mar 201809261.222.79$256
Feb 201808061.782.77$221
Jan 201809462.874.01$377
Dec 201709657.272.92$280
Nov 201709155.423.12$284
Oct 2017013049.292.98$388
Sep 2017013647.523.09$420
Aug 2017013145.373.00$394
Jul 2017015843.873.09$488
Jun 2017015842.493.09$488
May 2017019245.373.26$627
Apr 2017015347.933.21$491
Mar 2017016646.772.98$495
Feb 2017017750.452.95$523
Jan 201701,11149.413.42$3,798
Dec 201602,33848.763.72$8,704
Nov 201602,32442.492.64$6,145
Oct 201601,86446.193.09$5,760
Sep 201601,86941.553.10$5,795
Aug 201601,52741.442.92$4,465
Jul 201601,03941.622.92$3,038
Jun 2016024345.352.69$653
May 2016015242.521.99$303
Apr 201601,34436.561.99$2,676
Mar 201602,98033.011.79$5,346
Feb 2016058226.472.06$1,201
Jan 2016080727.352.36$1,908
Dec 201502,76232.362.00$5,528
Nov 2015092838.792.17$2,011
Oct 201508643.552.43$209
Sep 201501,76242.992.76$4,860
Aug 201502,06740.162.87$5,937
Jul 201501,59348.152.95$4,692
Jun 201501,15856.152.88$3,338
May 201502,21555.212.96$6,546
Apr 201502,08549.822.71$5,643
Mar 201502,70342.892.93$7,933
Feb 2015014344.662.98$426
Jan 201501,07243.433.10$3,324
Dec 201402,55554.693.59$9,176
Nov 201412,02870.464.25$8,693
Oct 201432,13478.303.90$8,560
Sep 201465486.164.05$735
Aug 2014880889.394.04$3,976
Jul 2014122,21896.564.18$10,429
Jun 2014142,08198.164.74$11,232
May 2014192,17694.734.73$12,085
Apr 2014192,20695.944.81$12,432
Mar 2014242,20395.895.06$13,441
Feb 2014162,08097.406.19$14,438
Jan 2014162,23390.404.86$12,300
Dec 2013112,33091.824.35$11,156
Nov 201372,33988.853.74$9,366
Oct 201322,46497.423.78$9,507
Sep 201302,124104.113.72$7,896
Aug 20130443104.253.52$1,561
Jul 2013151,490102.523.72$7,077
Jun 201302,11394.403.93$8,311
May 2013311,39194.834.15$8,711
Apr 2013522,19393.964.28$14,278
Mar 2013512,20693.623.91$13,406
Feb 2013612,44991.233.42$13,940
Jan 2013683,15391.603.42$17,012
Dec 2012321,35586.773.42$7,411
Nov 2012415686.953.62$913
Oct 2012743,01289.383.40$16,854
Sep 2012412,07994.672.92$9,949
Aug 2012602,78792.662.91$13,665
Jul 2012381,90885.133.02$8,999
Jun 2012221,08379.822.52$4,484
May 2012472,10191.612.49$9,534
Apr 2012562,659101.652.00$11,002
Mar 2012542,403105.052.22$11,012
Feb 2012602,856101.102.57$13,407
Jan 2012381,78198.092.73$8,597
Dec 2011471,94296.873.24$10,844
Nov 2011642,55695.723.31$14,590
Oct 2011652,84584.983.65$15,904
Sep 2011602,72683.623.99$15,882
Aug 2011492,46683.404.15$14,319
Jul 2011642,61194.144.52$17,819
Jun 2011462,09392.904.64$13,985
May 20111004,42698.134.40$29,309
Apr 201102,505105.964.33$10,855
Mar 201102,73396.364.06$11,089
Feb 201102,12185.644.18$8,866
Jan 201102,72486.504.59$12,500
Dec 201002,16385.734.35$9,404
Nov 201002,53780.843.80$9,629
Oct 201002,79378.103.51$9,800
Sep 201002,89172.633.98$11,505
Aug 201003,12773.684.42$13,819
Jul 201003,35372.554.74$15,881
Jun 201002,34770.364.91$11,525
May 201003,12471.124.24$13,231
Apr 201003,07881.694.12$12,690
Mar 201003,14078.394.39$13,780
Feb 201002,90773.585.44$15,821
Jan 201002,94474.365.96$17,558
Dec 200903,18371.445.48$17,455
Nov 200903,28174.593.75$12,309
Oct 200903,28072.544.11$13,482
Sep 200903,21565.543.06$9,853
Aug 200903,66267.423.22$11,786
Jul 200903,15861.133.46$10,941
Jun 200943,55366.163.90$14,104
May 2009223,56754.743.93$15,207
Apr 2009794,01846.773.59$18,109
Mar 2009954,80842.144.06$23,519
Feb 2009251,48232.814.63$7,686
Jan 20091083,87935.865.37$24,707
Dec 20081184,18137.105.98$29,368
Nov 2008974,12055.496.86$33,647
Oct 20081024,29375.246.92$37,391
Sep 2008983,808101.767.88$39,968
Aug 20081844,338114.228.48$57,816
Jul 20081884,376131.0811.39$74,483
Jun 2008914,281131.3313.03$67,744
May 2008924,456123.1711.57$62,907
Apr 20081104,337110.3110.45$57,477
Mar 20081074,637101.909.66$55,716
Feb 20081234,77492.538.77$53,252
Jan 2008653,09690.388.21$31,280
Dec 20071336688.337.30$3,821
Nov 2007784,25791.677.29$38,191
Oct 2007744,70882.856.92$38,720
Sep 2007775,47275.846.24$40,008
Aug 2007675,67469.066.39$40,872
Jul 2007635,57670.906.39$40,086
Jun 2007645,71062.007.55$47,070
May 2007775,66758.747.85$48,988
Apr 2007875,91159.617.81$51,323
Mar 20071006,97356.927.30$56,609
Feb 20071980955.108.22$7,694
Jan 2007834,14350.306.73$32,044
Dec 20061196,39256.656.92$50,964
Nov 20061266,45654.207.62$56,008
Oct 20061126,89554.906.01$47,614
Sep 20061037,61060.085.04$44,521
Aug 20061218,48068.717.34$70,556
Jul 200617810,22469.376.34$77,196
Jun 200628414,13966.286.38$109,085
May 20061415,57466.016.42$45,120
Apr 2006028464.397.36$2,090
Mar 2006056656.707.08$4,009
Feb 2006034057.597.75$2,635
Jan 2006074360.598.93$6,637
Dec 2005091054.9413.42$12,208
Nov 200501,80554.6910.59$19,112
Oct 2005034558.3413.80$4,760
Sep 2005076861.4512.08$9,277
Aug 200506961.519.80$676
Jul 2005064355.697.84$5,043
Jun 2005041852.337.38$3,085
May 2005044345.226.65$2,946
Apr 2005072549.207.36$5,336
Mar 2005080650.377.15$5,767
Feb 200501,02645.226.31$6,476
Jan 2005075943.166.32$4,799
Dec 2004032239.866.75$2,174
Nov 2004021845.286.33$1,380
Oct 2004066549.706.52$4,333
Sep 2004031043.245.28$1,638
Aug 2004036442.375.55$2,020
Jul 2004067738.286.08$4,119
Jun 200417244636.106.43$9,078
May 2004051437.486.49$3,338
Apr 2004058334.475.86$3,415
Mar 2004080234.365.53$4,435
Feb 2004056832.455.51$3,129
Jan 2004054432.036.30$3,427
Dec 2003075830.266.30$4,777
Nov 2003161428.804.60$2,850
Oct 2003488428.174.76$4,320
Sep 2003017326.314.75$822
Aug 2003051929.765.13$2,662
Jul 2003052429.415.17$2,710
Jun 2003086128.565.98$5,151
May 2003076526.595.97$4,569
Apr 200301,06826.675.41$5,775
Mar 2003069531.146.10$4,237
Feb 2003048833.487.93$3,868
Jan 2003091130.315.58$5,085
Dec 2002067826.914.85$3,291
Nov 2002074224.664.14$3,070
Oct 200213697026.464.23$7,701
Sep 2002090527.443.64$3,290
Aug 2002081225.963.16$2,569
Jul 2002079424.583.06$2,431
Jun 2002077223.733.34$2,577
May 200201,13024.663.58$4,050
Apr 2002099823.653.51$3,505
Mar 2002093522.003.10$2,901
Feb 200216282818.222.38$4,919
Jan 2002078917.172.38$1,874
Dec 200101,40316.932.36$3,317
Nov 2001047018.072.41$1,131
Oct 200101,08519.782.53$2,744
Sep 2001079824.262.25$1,797
Aug 200101,21424.873.05$3,707
Jul 200101,04423.933.20$3,338
Jun 20011441,39224.563.82$8,860
May 200101,02825.524.31$4,428
Apr 200101,45724.685.34$7,774
Mar 200101,29024.545.38$6,936
Feb 200101,10827.755.77$6,390
Jan 200101,35827.478.40$11,406
Dec 2000067726.889.12$6,176
Nov 200001,49832.215.66$8,476
Oct 200001,38031.235.15$7,101
Sep 200001,04631.875.19$5,425
Aug 20001601,19829.644.54$10,182
Jul 20000528.534.09$20
Jun 20000929.304.40$40
May 200001327.263.68$48
Apr 200002024.513.12$62
Mar 2000060728.422.86$1,736
Feb 200001027.622.73$27
Jan 200015989425.272.48$6,236
Dec 199904424.282.42$107
Nov 1999038823.192.43$944
Oct 19990020.982.80$0
Sep 1999054521.752.62$1,427
Aug 199901,58319.262.88$4,552
Jul 199901,65317.892.37$3,922
Jun 19991671,25915.942.36$5,636
May 199901,67815.792.32$3,895
Apr 199901,41715.102.21$3,129
Mar 19991632,31512.471.84$6,288
Feb 199902,1649.981.82$3,934
Jan 19991632,67210.381.90$6,769
Dec 199802,6279.201.77$4,659
Nov 19981622,63910.892.19$7,532
Oct 199802,24512.421.97$4,421
Sep 199802,46212.592.08$5,127
Aug 19981432,95411.301.91$7,250
Jul 199813,33011.742.24$7,462
Jun 19981542,93511.242.24$8,297
May 199813,03012.622.21$6,698
Apr 19981553,15513.042.51$9,926
Mar 19981604,07912.802.31$11,468
Feb 19981503,62313.952.30$10,422
Jan 19981654,47714.702.15$12,072
Dec 19971654,98116.322.41$14,702
Nov 19971415,60618.193.09$19,878
Oct 19971626,51219.253.15$23,630
Sep 19971704,11017.742.95$15,160
Aug 19971575,42117.862.55$16,653
Jul 19973117,22617.582.25$21,704
Jun 199730710,25017.242.26$28,429
May 199744211,16418.972.31$34,157
Apr 19971581,65317.882.08$6,268
Mar 199703,42918.951.94$6,649
Feb 19971663,29520.492.21$10,670
Jan 199723,53623.483.54$12,563
Dec 19961483,58823.32$3,451
Nov 199633,55321.97$66
Oct 19961643,84723.31$3,823
Sep 199633,70622.22$67
Aug 19961724,38520.26$3,485
Jul 199623,82919.55$39
Jun 19961525,85918.73$2,847
May 19961634,26819.43$3,167
Apr 199634,21821.51$65
Mar 19961535,06119.38$2,965
Feb 19961764,73516.98$2,988
Jan 199644,89417.07$68
Dec 19951734,81317.19$2,974
Nov 19951735,33116.00$2,768
Oct 19951546,90015.43$2,376
Sep 199536,12916.18$49
Aug 19951676,42515.92$2,659
Jul 19951656,28115.24$2,515
Jun 19951406,70416.41$2,297
May 19951597,28917.56$2,792
Apr 19951667,52617.73$2,943
Mar 19951659,30416.44$2,713
Feb 19951665,76616.58$2,752
Jan 19951527,62515.92$2,420
Dec 19943278,65315.03$4,915
Nov 19941789,58815.90$2,830
Oct 199418610,93715.58$2,898
Sep 199432512,05915.29$4,969
Aug 199434715,38116.13$5,597
Jul 199436017,71417.56$6,322
Jun 199418418,19017.09$3,145

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                   46 Mcf  × $  3.05 =       $140

────────────────────────────────────────────────────
Month total                                     $140

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. 06/G/150278 is the state's own key, not one this site invented.