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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 251134District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.6 M
Nov 2008 – May 2026
Value, last 12 filed months
$78 k
at the published price for each month
Months reported
211
no gaps in the span
Streams
2
condensate, gas

The OAK HILL (COTTON VALLEY) field

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 Gas112009-10-08195142
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
CondensateDisposition528 bbl$42,508
GasProduction921,219 Mcf$3,550,220
Total$3,592,727

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 32.4655, -94.6456. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.46553, -94.64560 · 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
10,968 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 10,968 ft.

Completions filed
Dec 2008
1 of 1 wells

1 well

42-2033462516H10,968 ftDec 2008——

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 (211)

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

211 months

May 202600106.413.05$0
Apr 202601,66398.932.87$4,772
Mar 202601,96089.753.15$6,173
Feb 202601,65663.503.75$6,211
Jan 202601,76559.138.00$14,116
Dec 202501,94956.664.41$8,602
Nov 202501,87458.593.93$7,358
Oct 202501,89059.383.30$6,246
Sep 202501,87762.743.08$5,775
Aug 202502,00563.933.01$6,045
Jul 202501,96866.743.32$6,524
Jun 202501,96566.483.13$6,148
May 202502,04660.553.23$6,613
Apr 202501,97962.363.54$7,012
Mar 202501,74067.704.27$7,427
Feb 202501,86570.884.34$8,096
Jan 202502,06374.324.28$8,827
Dec 202402,08068.993.12$6,492
Nov 20242472,02469.052.20$21,505
Oct 202401,76471.372.28$4,024
Sep 202401,61569.612.36$3,818
Aug 202401,73075.632.06$3,570
Jul 202402,07579.932.15$4,454
Jun 202401,83678.082.63$4,836
May 202402,09678.812.20$4,608
Apr 202401,69084.451.66$2,804
Mar 2024089180.301.55$1,377
Feb 2024066776.091.78$1,190
Jan 2024061673.023.30$2,031
Dec 202301,63271.262.61$4,261
Nov 202302,09177.892.81$5,871
Oct 202302,14585.443.09$6,622
Sep 202302,18889.042.74$5,984
Aug 202301,90080.522.67$5,078
Jul 202301,65574.852.64$4,372
Jun 202302,06768.962.26$4,668
May 202302,10870.622.23$4,695
Apr 202302,04978.122.24$4,585
Mar 202301,82072.852.39$4,356
Feb 202301,22275.112.47$3,013
Jan 202302,04576.533.39$6,928
Dec 202201,90176.415.73$10,891
Nov 202201,96885.005.65$11,112
Oct 202202,01487.185.86$11,810
Sep 202202,00784.888.16$16,385
Aug 202202,21694.529.13$20,226
Jul 202202,269101.587.54$17,113
Jun 202202,331115.097.98$18,595
May 202201,965109.378.43$16,571
Apr 202201,601104.226.84$10,947
Mar 202201,587108.885.08$8,056
Feb 202201,35691.054.86$6,589
Jan 202201,97481.844.54$8,957
Dec 202102,44471.323.90$9,529
Nov 202102,45077.435.24$12,830
Oct 202102,49379.795.71$14,245
Sep 202102,49069.865.35$13,324
Aug 202102,42566.024.22$10,235
Jul 202102,50270.783.98$9,963
Jun 202102,42969.493.38$8,212
May 202102,21863.483.02$6,693
Apr 202102,24660.362.76$6,195
Mar 202102,34861.302.72$6,379
Feb 202102,17657.805.55$12,072
Jan 202102,66050.412.81$7,475
Dec 202002,60544.642.68$6,970
Nov 202002,64038.772.71$7,145
Oct 202002,58636.972.48$6,409
Sep 202002,65837.091.99$5,292
Aug 202002,70339.982.39$6,447
Jul 202002,63738.371.83$4,813
Jun 202002,61634.901.69$4,422
May 202002,42916.921.81$4,408
Apr 202002,45414.751.80$4,428
Mar 202002,53230.341.86$4,700
Feb 202002,36449.881.98$4,682
Jan 202002,61557.252.09$5,478
Dec 201902,55259.012.30$5,881
Nov 201902,40855.302.75$6,624
Oct 201902,52753.472.42$6,112
Sep 201902,43555.052.66$6,470
Aug 201902,54353.112.30$5,860
Jul 201902,59256.272.46$6,376
Jun 201902,51652.782.49$6,268
May 201902,51358.482.74$6,886
Apr 201902,38162.632.75$6,549
Mar 201902,76856.803.06$8,476
Feb 201902,55150.852.79$7,123
Jan 201902,87046.033.23$9,265
Dec 201802,86146.594.19$11,975
Nov 201802,79052.934.24$11,822
Oct 201802,84661.443.40$9,671
Sep 201802,73659.543.11$8,503
Aug 201802,82959.403.07$8,675
Jul 201802,55865.142.93$7,500
Jun 201802,79660.183.08$8,603
May 201802,89865.382.90$8,407
Apr 201802,81163.842.90$8,154
Mar 201803,00061.222.79$8,361
Feb 201802,76761.782.77$7,654
Jan 201803,10862.874.01$12,461
Dec 201703,17157.272.92$9,264
Nov 201703,08455.423.12$9,617
Oct 201703,24249.292.98$9,673
Sep 201703,13447.523.09$9,676
Aug 201703,17345.373.00$9,533
Jul 201703,27743.873.09$10,117
Jun 201703,42242.493.09$10,565
May 201703,10845.373.26$10,143
Apr 201703,12547.933.21$10,036
Mar 201703,50446.772.98$10,455
Feb 201703,16150.452.95$9,333
Jan 201703,49149.413.42$11,935
Dec 201603,58748.763.72$13,354
Nov 201603,36542.492.64$8,898
Oct 201603,46746.193.09$10,714
Sep 201603,39241.553.10$10,517
Aug 201603,67941.442.92$10,759
Jul 201603,59941.622.92$10,525
Jun 201603,68045.352.69$9,884
May 201603,73142.521.99$7,429
Apr 201603,52736.561.99$7,022
Mar 201603,71033.011.79$6,656
Feb 201603,55226.472.06$7,330
Jan 201603,64827.352.36$8,625
Dec 201503,82232.362.00$7,649
Nov 201503,56938.792.17$7,735
Oct 201503,59143.552.43$8,714
Sep 201503,32742.992.76$9,177
Aug 201503,42940.162.87$9,850
Jul 201503,60748.152.95$10,623
Jun 201503,33756.152.88$9,620
May 201503,56655.212.96$10,539
Apr 201503,41349.822.71$9,238
Mar 201503,43442.892.93$10,078
Feb 201502,83044.662.98$8,423
Jan 201503,14043.433.10$9,736
Dec 201403,07854.693.59$11,054
Nov 201403,26270.464.25$13,870
Oct 201403,40278.303.90$13,271
Sep 201403,27586.164.05$13,249
Aug 201403,05689.394.04$12,331
Jul 201403,38196.564.18$14,131
Jun 201403,15798.164.74$14,954
May 201403,46294.734.73$16,363
Apr 201403,37495.944.81$16,226
Mar 201403,49895.895.06$17,689
Feb 201473,30897.406.19$21,165
Jan 201423,75690.404.86$18,438
Dec 201323,83991.824.35$16,900
Nov 201303,72688.853.74$13,929
Oct 201303,89597.423.78$14,721
Sep 201303,819104.113.72$14,198
Aug 201304,026104.253.52$14,182
Jul 201304,081102.523.72$15,172
Jun 201324,00194.403.93$15,926
May 201314,28194.834.15$17,857
Apr 201304,02493.964.28$17,233
Mar 201304,39893.623.91$17,209
Feb 201324,04491.233.42$14,013
Jan 201304,50691.603.42$15,410
Dec 201204,57986.773.42$15,661
Nov 201224,35286.953.62$15,950
Oct 201204,59789.383.40$15,628
Sep 201204,65594.672.92$13,585
Aug 201204,57292.662.91$13,296
Jul 201205,04585.133.02$15,240
Jun 201205,16479.822.52$13,008
May 201205,23891.612.49$13,034
Apr 201205,246101.652.00$10,475
Mar 201235,516105.052.22$12,572
Feb 201205,260101.102.57$13,519
Jan 20121555,66498.092.73$30,690
Dec 201105,78196.873.24$18,729
Nov 201125,53595.723.31$18,519
Oct 201165,89684.983.65$22,022
Sep 201105,82283.623.99$23,205
Aug 201146,22383.404.15$26,155
Jul 201156,30094.144.52$28,929
Jun 201106,01792.904.64$27,918
May 201146,31298.134.40$28,196
Apr 201126,492105.964.33$28,344
Mar 201146,83796.364.06$28,125
Feb 201106,08185.644.18$25,418
Jan 201107,20286.504.59$33,048
Dec 201037,48485.734.35$32,796
Nov 201057,51180.843.80$28,911
Oct 201057,94578.103.51$28,269
Sep 201077,82872.633.98$31,660
Aug 201058,32673.684.42$37,164
Jul 201028,61872.554.74$40,964
Jun 201038,63370.364.91$42,603
May 201039,29571.124.24$39,580
Apr 201058,98481.694.12$37,447
Mar 201069,95278.394.39$44,146
Feb 201079,44473.585.44$51,913
Jan 2010310,83874.365.96$64,862
Dec 20091411,14371.445.48$62,106
Nov 2009010,79674.593.75$40,501
Oct 2009312,22972.544.11$50,482
Sep 2009312,97265.543.06$39,953
Aug 2009014,39967.423.22$46,343
Jul 2009015,28861.133.46$52,965
Jun 2009015,88766.163.90$61,880
May 2009017,92654.743.93$70,373
Apr 2009019,34046.773.59$69,382
Mar 2009020,30542.144.06$82,418
Feb 2009021,61532.814.63$100,142
Jan 2009029,55435.865.37$158,735
Dec 2008039,38037.105.98$235,380
Nov 200849,76255.496.86$67,193

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                1,663 Mcf  × $  2.87 =     $4,772

────────────────────────────────────────────────────
Month total                                   $4,772

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/251134 is the state's own key, not one this site invented.