BAILEY

Name: BAILEY lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by VALENCE OPERATING COMPANY (P-5 881167) in the BECKVILLE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 92398District 06Field 06648500NGPA filingCondensateGasSave Export

Value, all time

$769 k

Jan 1993 – Feb 2012

Value, last 12 filed months

at the published price for each month

Months reported

230

no gaps in the span

Streams

condensate, gas

The BECKVILLE (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 503 leases and 503 wells, and the rule below applies to all of them.

Discovered

1974-05-21

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 2015-02-24.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	2,942 bbl	$88,740
Gas	Production	162,432 Mcf	$679,806
Total			$768,546

38,139 Mcf of this lease's gas, across 48 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 32.3634, -94.3481. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.36339, -94.34813 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

10,300 ft

1 wells filed one

Completion to plug

31.0 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 10,300 ft.

Completions filed

Feb 1981

1 of 1 wells

Plug dates filed

Feb 2012

1 of 1 wells

Last completion to plug: a median of 31.0 years across the 1 well that filed both dates, with the middle half between 31.0 years and 31.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-20330763	1	10,300 ft	Feb 1981	Feb 2012	Yes

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 (230)

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

230 months


Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	3	78.39	4.39	$13
Feb 2010	1	3	73.58	5.44	$90
Jan 2010	0	1,424	74.36	5.96	$8,493
Dec 2009	6	620	71.44	5.48	$3,829
Nov 2009	0	548	74.59	3.75	$2,056
Oct 2009	0	1,175	72.54	4.11	$4,830
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	46	67.42	3.22	$148
Jul 2009	0	197	61.13	3.46	$683
Jun 2009	16	486	66.16	3.90	$2,952
May 2009	1	492	54.74	3.93	$1,986
Apr 2009	1	415	46.77	3.59	$1,536
Mar 2009	1	708	42.14	4.06	$2,916
Feb 2009	11	125	32.81	4.63	$940
Jan 2009	1	284	35.86	5.37	$1,561
Dec 2008	13	374	37.10	5.98	$2,718
Nov 2008	0	716	55.49	6.86	$4,912
Oct 2008	0	655	75.24	6.92	$4,534
Sep 2008	0	721	101.76	7.88	$5,679
Aug 2008	33	583	114.22	8.48	$8,715
Jul 2008	0	504	131.08	11.39	$5,740
Jun 2008	0	667	131.33	13.03	$8,693
May 2008	42	683	123.17	11.57	$13,078
Apr 2008	0	334	110.31	10.45	$3,492
Mar 2008	45	647	101.90	9.66	$10,838
Feb 2008	0	537	92.53	8.77	$4,710
Jan 2008	0	609	90.38	8.21	$4,997
Dec 2007	0	1,116	88.33	7.30	$8,149
Nov 2007	0	1,877	91.67	7.29	$13,687
Oct 2007	0	1,835	82.85	6.92	$12,702
Sep 2007	59	969	75.84	6.24	$10,525
Aug 2007	0	862	69.06	6.39	$5,506
Jul 2007	0	1,308	70.90	6.39	$8,355
Jun 2007	0	1,052	62.00	7.55	$7,941
May 2007	0	1,156	58.74	7.85	$9,070
Apr 2007	0	1,686	59.61	7.81	$13,160
Mar 2007	39	1,390	56.92	7.30	$12,370
Feb 2007	0	516	55.10	8.22	$4,239
Jan 2007	0	818	50.30	6.73	$5,503
Dec 2006	0	966	56.65	6.92	$6,683
Nov 2006	0	564	54.20	7.62	$4,296
Oct 2006	44	1,013	54.90	6.01	$8,508
Sep 2006	0	867	60.08	5.04	$4,367
Aug 2006	0	1,268	68.71	7.34	$9,307
Jul 2006	0	812	69.37	6.34	$5,150
Jun 2006	0	1,279	66.28	6.38	$8,165
May 2006	18	1,626	66.01	6.42	$11,635
Apr 2006	0	429	64.39	7.36	$3,158
Mar 2006	0	939	56.70	7.08	$6,651
Feb 2006	0	370	57.59	7.75	$2,868
Jan 2006	25	425	60.59	8.93	$5,311
Dec 2005	0	1,041	54.94	13.42	$13,965
Nov 2005	0	614	54.69	10.59	$6,501
Oct 2005	34	1,177	58.34	13.80	$18,221
Sep 2005	0	370	61.45	12.08	$4,469
Aug 2005	0	829	61.51	9.80	$8,122
Jul 2005	14	1,978	55.69	7.84	$16,294
Jun 2005	0	948	52.33	7.38	$6,997
May 2005	0	1,034	45.22	6.65	$6,877
Apr 2005	0	1,769	49.20	7.36	$13,021
Mar 2005	0	955	50.37	7.15	$6,833
Feb 2005	53	672	45.22	6.31	$6,638
Jan 2005	0	870	43.16	6.32	$5,500
Dec 2004	0	1,244	39.86	6.75	$8,398
Nov 2004	88	987	45.28	6.33	$10,233
Oct 2004	0	1,495	49.70	6.52	$9,740
Sep 2004	0	1,718	43.24	5.28	$9,078
Aug 2004	0	2,022	42.37	5.55	$11,223
Jul 2004	122	2,350	38.28	6.08	$18,968
Jun 2004	0	2,554	36.10	6.43	$16,430
May 2004	0	3,774	37.48	6.49	$24,511
Apr 2004	94	3,311	34.47	5.86	$22,638
Mar 2004	0	328	34.36	5.53	$1,814
Feb 2004	0	301	32.45	5.51	$1,658
Jan 2004	0	212	32.03	6.30	$1,336
Dec 2003	41	273	30.26	6.30	$2,961
Nov 2003	0	733	28.80	4.60	$3,368
Oct 2003	0	323	28.17	4.76	$1,537
Sep 2003	0	727	26.31	4.75	$3,453
Aug 2003	35	1,125	29.76	5.13	$6,813
Jul 2003	0	520	29.41	5.17	$2,689
Jun 2003	0	498	28.56	5.98	$2,980
May 2003	0	218	26.59	5.97	$1,302
Apr 2003	0	197	26.67	5.41	$1,065
Mar 2003	42	381	31.14	6.10	$3,630
Feb 2003	0	390	33.48	7.93	$3,091
Jan 2003	0	588	30.31	5.58	$3,282
Dec 2002	52	586	26.91	4.85	$4,244
Nov 2002	0	444	24.66	4.14	$1,837
Oct 2002	63	660	26.46	4.23	$4,458
Sep 2002	0	694	27.44	3.64	$2,523
Aug 2002	0	256	25.96	3.16	$810
Jul 2002	33	680	24.58	3.06	$2,893
Jun 2002	0	481	23.73	3.34	$1,606
May 2002	32	114	24.66	3.58	$1,198
Apr 2002	77	628	23.65	3.51	$4,027
Mar 2002	0	327	22.00	3.10	$1,015
Feb 2002	34	1,306	18.22	2.38	$3,722
Jan 2002	0	236	17.17	2.38	$561
Dec 2001	0	1,029	16.93	2.36	$2,433
Nov 2001	43	1,756	18.07	2.41	$5,001
Oct 2001	33	903	19.78	2.53	$2,936
Sep 2001	38	796	24.26	2.25	$2,714
Aug 2001	20	209	24.87	3.05	$1,136
Jul 2001	33	526	23.93	3.20	$2,471
Jun 2001	35	252	24.56	3.82	$1,823
May 2001	0	1,043	25.52	4.31	$4,493
Apr 2001	32	324	24.68	5.34	$2,518
Mar 2001	0	1,320	24.54	5.38	$7,097
Feb 2001	20	268	27.75	5.77	$2,101
Jan 2001	22	427	27.47	8.40	$4,191
Dec 2000	0	356	26.88	9.12	$3,248
Nov 2000	3	804	32.21	5.66	$4,646
Oct 2000	19	752	31.23	5.15	$4,463
Sep 2000	20	1,080	31.87	5.19	$6,239
Aug 2000	0	460	29.64	4.54	$2,089
Jul 2000	25	228	28.53	4.09	$1,646
Jun 2000	21	763	29.30	4.40	$3,970
May 2000	24	802	27.26	3.68	$3,605
Apr 2000	0	727	24.51	3.12	$2,265
Mar 2000	22	642	28.42	2.86	$2,461
Feb 2000	56	495	27.62	2.73	$2,896
Jan 2000	0	653	25.27	2.48	$1,620
Dec 1999	49	302	24.28	2.42	$1,922
Nov 1999	0	3,307	23.19	2.43	$8,049
Oct 1999	0	1,317	20.98	2.80	$3,692
Sep 1999	0	1,000	21.75	2.62	$2,619
Aug 1999	0	217	19.26	2.88	$624
Jul 1999	0	328	17.89	2.37	$778
Jun 1999	0	289	15.94	2.36	$683
May 1999	53	762	15.79	2.32	$2,605
Apr 1999	0	429	15.10	2.21	$947
Mar 1999	71	403	12.47	1.84	$1,626
Feb 1999	0	252	9.98	1.82	$458
Jan 1999	0	367	10.38	1.90	$697
Dec 1998	88	824	9.20	1.77	$2,271
Nov 1998	0	815	10.89	2.19	$1,781
Oct 1998	0	416	12.42	1.97	$819
Sep 1998	81	281	12.59	2.08	$1,605
Aug 1998	0	626	11.30	1.91	$1,194
Jul 1998	0	1,232	11.74	2.24	$2,756
Jun 1998	0	552	11.24	2.24	$1,235
May 1998	0	494	12.62	2.21	$1,090
Apr 1998	0	552	13.04	2.51	$1,383
Mar 1998	39	551	12.80	2.31	$1,772
Feb 1998	16	578	13.95	2.30	$1,552
Jan 1998	39	531	14.70	2.15	$1,717
Dec 1997	0	446	16.32	2.41	$1,075
Nov 1997	0	583	18.19	3.09	$1,800
Oct 1997	0	689	19.25	3.15	$2,170
Sep 1997	31	777	17.74	2.95	$2,846
Aug 1997	0	630	17.86	2.55	$1,609
Jul 1997	0	824	17.58	2.25	$1,851
Jun 1997	0	985	17.24	2.26	$2,223
May 1997	0	487	18.97	2.31	$1,124
Apr 1997	0	939	17.88	2.08	$1,956
Mar 1997	0	280	18.95	1.94	$543
Feb 1997	0	425	20.49	2.21	$938
Jan 1997	44	551	23.48	3.54	$2,983
Dec 1996	49	1,075	23.32	—	$1,143
Nov 1996	0	164	21.97	—	$0
Oct 1996	0	534	23.31	—	$0
Sep 1996	0	214	22.22	—	$0
Aug 1996	0	549	20.26	—	$0
Jul 1996	0	536	19.55	—	$0
Jun 1996	0	2,073	18.73	—	$0
May 1996	0	825	19.43	—	$0
Apr 1996	90	860	21.51	—	$1,936
Mar 1996	0	597	19.38	—	$0
Feb 1996	0	587	16.98	—	$0
Jan 1996	0	1,050	17.07	—	$0
Dec 1995	0	425	17.19	—	$0
Nov 1995	0	1,023	16.00	—	$0
Oct 1995	73	449	15.43	—	$1,126
Sep 1995	0	517	16.18	—	$0
Aug 1995	0	692	15.92	—	$0
Jul 1995	0	1,244	15.24	—	$0
Jun 1995	0	614	16.41	—	$0
May 1995	0	730	17.56	—	$0
Apr 1995	74	502	17.73	—	$1,312
Mar 1995	0	760	16.44	—	$0
Feb 1995	0	609	16.58	—	$0
Jan 1995	0	780	15.92	—	$0
Dec 1994	0	835	15.03	—	$0
Nov 1994	36	729	15.90	—	$572
Oct 1994	39	874	15.58	—	$608
Sep 1994	0	661	15.29	—	$0
Aug 1994	0	470	16.13	—	$0
Jul 1994	0	704	17.56	—	$0
Jun 1994	0	807	17.09	—	$0
May 1994	92	715	15.88	—	$1,461
Apr 1994	0	872	14.14	—	$0
Mar 1994	0	731	12.46	—	$0
Feb 1994	3	989	12.50	—	$38
Jan 1994	90	779	12.66	—	$1,139
Dec 1993	0	762	12.33	—	$0
Nov 1993	0	756	14.49	—	$0
Oct 1993	0	973	15.85	—	$0
Sep 1993	42	763	15.03	—	$631
Aug 1993	40	773	15.66	—	$626
Jul 1993	0	737	15.46	—	$0
Jun 1993	0	1,437	16.79	—	$0
May 1993	40	538	17.68	—	$707
Apr 1993	1	1,150	18.05	—	$18
Mar 1993	52	904	18.14	—	$943
Feb 1993	0	901	17.90	—	$0
Jan 1993	74	1,870	16.93	—	$1,253

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.

Mar 2010 — as filed, then multipliedworked

Condensate             0 bbl  × $ 78.39 =         $0
Gas                    3 Mcf  × $  4.39 =        $13

────────────────────────────────────────────────────
Month total                                      $13

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/92398 is the state's own key, not one this site invented.