BAILEY GAS UNIT

Operated by PWEP OPERATING, LLC (P-5 104093) in the OAK HILL (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 216337District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.5 M
Oct 2005 – May 2026
Value, last 12 filed months
$94 k
at the published price for each month
Months reported
248
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 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
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
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

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 Gas112007-04-23174288
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
CondensateDisposition1,804 bbl$129,525
GasProduction941,007 Mcf$5,405,212
Total$5,534,736

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 32.4503, -94.6371. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.45027, -94.63713 · 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
11,000 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 11,000 ft.

Completions filed
Oct 2005
1 of 1 wells

1 well

42-20333178111,000 ftOct 2005

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 (248)

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

248 months

May 202600106.413.05$0
Apr 202601,85098.932.87$5,309
Mar 2026861,91789.753.15$13,756
Feb 20261061,79063.503.75$13,444
Jan 202601,89459.138.00$15,148
Dec 202501,92156.664.41$8,478
Nov 202501,86358.593.93$7,315
Oct 202501,94959.383.30$6,441
Sep 202501,85862.743.08$5,717
Aug 202501,99463.933.01$6,011
Jul 202501,96666.743.32$6,518
Jun 202501,93066.483.13$6,038
May 202502,02160.553.23$6,533
Apr 202501,91662.363.54$6,789
Mar 202502,01067.704.27$8,579
Feb 202501,89770.884.34$8,235
Jan 202502,16074.324.28$9,242
Dec 202401,93368.993.12$6,034
Nov 202401,95069.052.20$4,287
Oct 202401,63371.372.28$3,726
Sep 202401,53369.612.36$3,625
Aug 202401,64175.632.06$3,386
Jul 202402,02779.932.15$4,351
Jun 202401,76178.082.63$4,638
May 202401,98278.812.20$4,357
Apr 202401,88684.451.66$3,129
Mar 202402,14280.301.55$3,310
Feb 202401,79376.091.78$3,198
Jan 202402,21073.023.30$7,288
Dec 202302,07971.262.61$5,428
Nov 202302,11477.892.81$5,935
Oct 202302,33685.443.09$7,212
Sep 202302,29289.042.74$6,269
Aug 20231852,16380.522.67$20,678
Jul 2023502,07774.852.64$9,230
Jun 202301,95768.962.26$4,420
May 202302,15670.622.23$4,802
Apr 202302,00078.122.24$4,476
Mar 202301,96872.852.39$4,710
Feb 202301,70775.112.47$4,209
Jan 202302,15376.533.39$7,294
Dec 202201,88676.415.73$10,805
Nov 202202,08385.005.65$11,761
Oct 202202,31387.185.86$13,563
Sep 202202,22384.888.16$18,148
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 20220708115.097.98$5,648
May 20220736109.378.43$6,207
Apr 202201,115104.226.84$7,624
Mar 202201,684108.885.08$8,549
Feb 202201,39591.054.86$6,778
Jan 202201,63381.844.54$7,410
Dec 202101,64371.323.90$6,406
Nov 202101,59677.435.24$8,358
Oct 202101,89279.795.71$10,811
Sep 202101,97369.865.35$10,557
Aug 202101,96466.024.22$8,289
Jul 202101,91170.783.98$7,610
Jun 202101,97769.493.38$6,683
May 20211591,84863.483.02$15,670
Apr 202101,68060.362.76$4,634
Mar 202101,98461.302.72$5,390
Feb 202101,81857.805.55$10,086
Jan 202102,22750.412.81$6,258
Dec 202002,16644.642.68$5,795
Nov 202002,05738.772.71$5,567
Oct 202002,11336.972.48$5,237
Sep 202002,08337.091.99$4,147
Aug 202002,26239.982.39$5,395
Jul 202002,31338.371.83$4,222
Jun 202002,43634.901.69$4,118
May 202002,62016.921.81$4,755
Apr 202002,63314.751.80$4,751
Mar 202002,69230.341.86$4,997
Feb 202002,59249.881.98$5,134
Jan 202002,33157.252.09$4,883
Dec 201901,92959.012.30$4,445
Nov 201901,38255.302.75$3,801
Oct 201901,95153.472.42$4,719
Sep 201901,77355.052.66$4,711
Aug 201903,30953.112.30$7,625
Jul 2019087256.272.46$2,145
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 201901,31650.852.79$3,675
Jan 201902,12846.033.23$6,870
Dec 201811,89346.594.19$7,970
Nov 201801,79652.934.24$7,610
Oct 2018672,09361.443.40$11,229
Sep 201802,01259.543.11$6,253
Aug 201802,11459.403.07$6,483
Jul 201802,28665.142.93$6,702
Jun 201802,29860.183.08$7,071
May 201802,06565.382.90$5,990
Apr 201801,97063.842.90$5,715
Mar 201822,11061.222.79$6,003
Feb 201801,98761.782.77$5,496
Jan 201801,92862.874.01$7,730
Dec 201702,21457.272.92$6,468
Nov 201702,12955.423.12$6,639
Oct 201701,90649.292.98$5,687
Sep 201721,80547.523.09$5,668
Aug 201712,03245.373.00$6,150
Jul 201701,49043.873.09$4,600
Jun 201701,79642.493.09$5,545
May 201701,90045.373.26$6,200
Apr 201701,58947.933.21$5,103
Mar 201701,79846.772.98$5,365
Feb 201701,59050.452.95$4,695
Jan 2017201,87049.413.42$7,381
Dec 201601,86048.763.72$6,924
Nov 201601,90842.492.64$5,045
Oct 201601,99646.193.09$6,168
Sep 201601,87341.553.10$5,807
Aug 201602,11641.442.92$6,188
Jul 201602,04941.622.92$5,992
Jun 201602,07345.352.69$5,568
May 201602,24442.521.99$4,468
Apr 201602,24936.561.99$4,478
Mar 201602,30433.011.79$4,133
Feb 201602,16226.472.06$4,462
Jan 201602,53127.352.36$5,984
Dec 201502,37132.362.00$4,745
Nov 201502,35738.792.17$5,108
Oct 201502,18443.552.43$5,300
Sep 201502,27042.992.76$6,262
Aug 201502,31640.162.87$6,653
Jul 201502,25748.152.95$6,647
Jun 201502,17756.152.88$6,276
May 201502,49855.212.96$7,383
Apr 201502,44749.822.71$6,623
Mar 201502,39142.892.93$7,017
Feb 201501,98244.662.98$5,899
Jan 201502,59943.433.10$8,059
Dec 2014632,95154.693.59$14,044
Nov 201402,93470.464.25$12,475
Oct 201402,83278.303.90$11,048
Sep 201402,61186.164.05$10,563
Aug 201402,76289.394.04$11,145
Jul 2014472,87796.564.18$16,563
Jun 201402,54698.164.74$12,060
May 201402,81494.734.73$13,301
Apr 201402,83995.944.81$13,653
Mar 201402,76695.895.06$13,987
Feb 201402,59597.406.19$16,068
Jan 201433,04990.404.86$15,092
Dec 201333,37391.824.35$14,963
Nov 201303,80488.853.74$14,220
Oct 201303,69897.423.78$13,976
Sep 201303,440104.113.72$12,789
Aug 201303,471104.253.52$12,227
Jul 201303,523102.523.72$13,098
Jun 201342,90194.403.93$11,788
May 201313,12194.834.15$13,044
Apr 201302,98493.964.28$12,779
Mar 201303,32693.623.91$13,014
Feb 201323,10191.233.42$10,788
Jan 2013943,50791.603.42$20,604
Dec 201203,69286.773.42$12,627
Nov 201233,67286.953.62$13,572
Oct 201203,85589.383.40$13,106
Sep 201203,70294.672.92$10,804
Aug 201203,75892.662.91$10,929
Jul 201203,75885.133.02$11,352
Jun 201203,38179.822.52$8,517
May 201203,44891.612.49$8,580
Apr 201203,430101.652.00$6,849
Mar 201233,527105.052.22$8,152
Feb 201203,340101.102.57$8,585
Jan 201233,61798.092.73$10,183
Dec 201103,53996.873.24$11,465
Nov 2011883,57195.723.31$20,248
Oct 201173,68584.983.65$14,040
Sep 201103,49183.623.99$13,914
Aug 201143,45783.404.15$14,678
Jul 201163,56694.144.52$16,673
Jun 201103,51092.904.64$16,286
May 201163,68398.134.40$16,812
Apr 201153,651105.964.33$16,351
Mar 201193,87896.364.06$16,602
Feb 201103,56985.644.18$14,918
Jan 201104,07386.504.59$18,690
Dec 201032,43585.734.35$10,844
Nov 2010843,00880.843.80$18,207
Oct 201043,59778.103.51$12,934
Sep 201053,88672.633.98$15,827
Aug 201034,34673.684.42$19,428
Jul 201024,13372.554.74$19,721
Jun 201033,90870.364.91$19,401
May 201034,11971.124.24$17,658
Apr 201053,85381.694.12$16,293
Mar 201044,18678.394.39$18,685
Feb 201053,78873.585.44$20,984
Jan 201024,09374.365.96$24,560
Dec 200983,86971.445.48$21,788
Nov 200904,13574.593.75$15,512
Oct 2009654,27472.544.11$22,282
Sep 200924,45365.543.06$13,778
Aug 200904,83667.423.22$15,565
Jul 200904,89461.133.46$16,955
Jun 200905,07566.163.90$19,767
May 200904,89354.743.93$19,209
Apr 200904,98246.773.59$17,873
Mar 200905,16342.144.06$20,957
Feb 2009744,35532.814.63$22,605
Jan 200905,47635.865.37$29,412
Dec 200805,20337.105.98$31,099
Nov 200804,84655.496.86$33,245
Oct 200805,57675.246.92$38,597
Sep 200815,433101.767.88$42,898
Aug 200805,796114.228.48$49,168
Jul 200805,996131.0811.39$68,291
Jun 200805,932131.3313.03$77,310
May 200806,243123.1711.57$72,258
Apr 200806,282110.3110.45$65,677
Mar 200806,790101.909.66$65,619
Feb 2008706,32692.538.77$61,960
Jan 200807,03990.388.21$57,760
Dec 200707,22988.337.30$52,786
Nov 200707,52291.677.29$54,848
Oct 2007677,85782.856.92$59,937
Sep 200707,56675.846.24$47,243
Aug 200707,83469.066.39$50,043
Jul 200708,12170.906.39$51,876
Jun 200708,16062.007.55$61,595
May 200708,73258.747.85$68,514
Apr 200708,58359.617.81$66,992
Mar 20071729,28156.927.30$77,560
Feb 200708,85155.108.22$72,720
Jan 2007010,12750.306.73$68,123
Dec 2006010,48956.656.92$72,568
Nov 2006010,85754.207.62$82,703
Oct 2006011,81154.906.01$71,029
Sep 2006011,31560.085.04$56,996
Aug 2006012,44068.717.34$91,309
Jul 2006013,47769.376.34$85,481
Jun 2006013,86866.286.38$88,532
May 2006014,36966.016.42$92,321
Apr 2006016,05564.397.36$118,173
Mar 200617017,37656.707.08$132,712
Feb 2006012,28557.597.75$95,223
Jan 2006020,59060.598.93$183,937
Dec 2005024,86554.9413.42$333,574
Nov 20052234,90454.6910.59$370,781
Oct 2005022,98558.3413.80$317,096

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                1,850 Mcf  × $  2.87 =     $5,309

────────────────────────────────────────────────────
Month total                                   $5,309

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/216337 is the state's own key, not one this site invented.