BAILEY "32"

Name: BAILEY "32" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by INDEPENDENCE RESOURCES MGMT, LLC (P-5 423716) in the SUGG RANCH (CANYON DIST 08) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 139502District 08Field 870185502 tax incentive programmesCondensateGasSave Export

Value, all time

$227 k

Jan 1993 – Sep 2019

Value, last 12 filed months

at the published price for each month

Months reported

321

no gaps in the span

Streams

condensate, gas

The SUGG RANCH (CANYON DIST 08) 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 55 leases and 406 wells, and the rule below applies to all of them.

Discovered

1987-05-17

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1991-11-04.

The Commission's schedule remark for this field reads: “SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.”

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
High Cost Gas	1	1	1992-01-31	124475
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	2,578 bbl	$50,438
Gas	Production	155,377 Mcf	$176,368
Total			$226,807

111,254 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 31.5833, -101.1434. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.58335, -101.14336 · 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

0.0%

0 of 1 wells

Median depth

7,825 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

1100.0%

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.

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 7,825 ft.

Completions filed

Aug 2006

1 of 1 wells

1 well


42-43132103	5	7,825 ft	Aug 2006	—	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 (321)

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

321 months


Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
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	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	5	68.71	7.34	$37
Jul 2006	0	90	69.37	6.34	$571
Jun 2006	0	99	66.28	6.38	$632
May 2006	0	122	66.01	6.42	$784
Apr 2006	0	141	64.39	7.36	$1,038
Mar 2006	0	173	56.70	7.08	$1,225
Feb 2006	0	227	57.59	7.75	$1,760
Jan 2006	0	247	60.59	8.93	$2,207
Dec 2005	0	194	54.94	13.42	$2,603
Nov 2005	0	131	54.69	10.59	$1,387
Oct 2005	0	157	58.34	13.80	$2,166
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	104	55.69	7.84	$816
Jun 2005	0	134	52.33	7.38	$989
May 2005	0	140	45.22	6.65	$931
Apr 2005	0	95	49.20	7.36	$699
Mar 2005	1	121	50.37	7.15	$916
Feb 2005	4	223	45.22	6.31	$1,588
Jan 2005	7	397	43.16	6.32	$2,812
Dec 2004	7	387	39.86	6.75	$2,892
Nov 2004	9	689	45.28	6.33	$4,769
Oct 2004	11	459	49.70	6.52	$3,537
Sep 2004	21	398	43.24	5.28	$3,011
Aug 2004	60	432	42.37	5.55	$4,940
Jul 2004	7	395	38.28	6.08	$2,671
Jun 2004	0	332	36.10	6.43	$2,136
May 2004	3	369	37.48	6.49	$2,509
Apr 2004	3	298	34.47	5.86	$1,849
Mar 2004	4	339	34.36	5.53	$2,012
Feb 2004	5	323	32.45	5.51	$1,942
Jan 2004	0	434	32.03	6.30	$2,734
Dec 2003	8	456	30.26	6.30	$3,116
Nov 2003	15	452	28.80	4.60	$2,509
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	9	435	26.31	4.75	$2,303
Aug 2003	10	354	29.76	5.13	$2,114
Jul 2003	0	332	29.41	5.17	$1,717
Jun 2003	10	548	28.56	5.98	$3,564
May 2003	12	557	26.59	5.97	$3,646
Apr 2003	15	561	26.67	5.41	$3,434
Mar 2003	13	418	31.14	6.10	$2,953
Feb 2003	13	382	33.48	7.93	$3,463
Jan 2003	14	418	30.31	5.58	$2,758
Dec 2002	14	292	26.91	4.85	$1,794
Nov 2002	14	354	24.66	4.14	$1,810
Oct 2002	14	454	26.46	4.23	$2,290
Sep 2002	13	453	27.44	3.64	$2,003
Aug 2002	0	481	25.96	3.16	$1,522
Jul 2002	12	393	24.58	3.06	$1,498
Jun 2002	10	364	23.73	3.34	$1,452
May 2002	10	343	24.66	3.58	$1,476
Apr 2002	11	450	23.65	3.51	$1,841
Mar 2002	10	408	22.00	3.10	$1,486
Feb 2002	8	248	18.22	2.38	$735
Jan 2002	5	142	17.17	2.38	$423
Dec 2001	11	220	16.93	2.36	$706
Nov 2001	2	166	18.07	2.41	$435
Oct 2001	11	0	19.78	2.53	$218
Sep 2001	18	0	24.26	2.25	$437
Aug 2001	13	0	24.87	3.05	$323
Jul 2001	14	0	23.93	3.20	$335
Jun 2001	24	0	24.56	3.82	$589
May 2001	10	602	25.52	4.31	$2,848
Apr 2001	0	778	24.68	5.34	$4,151
Mar 2001	26	558	24.54	5.38	$3,638
Feb 2001	1	191	27.75	5.77	$1,129
Jan 2001	2	289	27.47	8.40	$2,482
Dec 2000	1	363	26.88	9.12	$3,338
Nov 2000	3	271	32.21	5.66	$1,630
Oct 2000	5	351	31.23	5.15	$1,962
Sep 2000	2	387	31.87	5.19	$2,071
Aug 2000	1	483	29.64	4.54	$2,223
Jul 2000	1	206	28.53	4.09	$871
Jun 2000	0	588	29.30	4.40	$2,586
May 2000	0	435	27.26	3.68	$1,601
Apr 2000	0	531	24.51	3.12	$1,655
Mar 2000	1	393	28.42	2.86	$1,152
Feb 2000	2	284	27.62	2.73	$830
Jan 2000	3	298	25.27	2.48	$815
Dec 1999	2	336	24.28	2.42	$863
Nov 1999	2	259	23.19	2.43	$677
Oct 1999	3	281	20.98	2.80	$851
Sep 1999	6	384	21.75	2.62	$1,136
Aug 1999	3	209	19.26	2.88	$659
Jul 1999	6	212	17.89	2.37	$610
Jun 1999	12	758	15.94	2.36	$1,982
May 1999	8	1,003	15.79	2.32	$2,454
Apr 1999	5	615	15.10	2.21	$1,433
Mar 1999	6	313	12.47	1.84	$650
Feb 1999	4	364	9.98	1.82	$702
Jan 1999	5	478	10.38	1.90	$960
Dec 1998	19	513	9.20	1.77	$1,085
Nov 1998	7	608	10.89	2.19	$1,405
Oct 1998	9	645	12.42	1.97	$1,382
Sep 1998	5	729	12.59	2.08	$1,581
Aug 1998	0	478	11.30	1.91	$912
Jul 1998	2	433	11.74	2.24	$992
Jun 1998	4	327	11.24	2.24	$777
May 1998	8	207	12.62	2.21	$558
Apr 1998	0	124	13.04	2.51	$311
Mar 1998	0	585	12.80	2.31	$1,351
Feb 1998	28	331	13.95	2.30	$1,152
Jan 1998	0	500	14.70	2.15	$1,077
Dec 1997	10	233	16.32	2.41	$725
Nov 1997	20	471	18.19	3.09	$1,818
Oct 1997	1	534	19.25	3.15	$1,701
Sep 1997	11	966	17.74	2.95	$3,050
Aug 1997	0	871	17.86	2.55	$2,225
Jul 1997	43	784	17.58	2.25	$2,518
Jun 1997	20	1,085	17.24	2.26	$2,794
May 1997	62	646	18.97	2.31	$2,667
Apr 1997	27	1,195	17.88	2.08	$2,972
Mar 1997	0	888	18.95	1.94	$1,722
Feb 1997	13	676	20.49	2.21	$1,758
Jan 1997	27	738	23.48	3.54	$3,246
Dec 1996	27	677	23.32	—	$630
Nov 1996	34	472	21.97	—	$747
Oct 1996	0	422	23.31	—	$0
Sep 1996	25	477	22.22	—	$556
Aug 1996	22	538	20.26	—	$446
Jul 1996	0	423	19.55	—	$0
Jun 1996	31	744	18.73	—	$581
May 1996	0	1,802	19.43	—	$0
Apr 1996	45	1,509	21.51	—	$968
Mar 1996	0	1,393	19.38	—	$0
Feb 1996	20	1,320	16.98	—	$340
Jan 1996	60	1,215	17.07	—	$1,024
Dec 1995	22	1,432	17.19	—	$378
Nov 1995	18	1,659	16.00	—	$288
Oct 1995	19	1,794	15.43	—	$293
Sep 1995	42	1,835	16.18	—	$680
Aug 1995	24	2,184	15.92	—	$382
Jul 1995	30	2,142	15.24	—	$457
Jun 1995	24	2,374	16.41	—	$394
May 1995	22	2,143	17.56	—	$386
Apr 1995	38	2,241	17.73	—	$674
Mar 1995	34	1,997	16.44	—	$559
Feb 1995	14	2,262	16.58	—	$232
Jan 1995	33	1,997	15.92	—	$525
Dec 1994	30	1,712	15.03	—	$451
Nov 1994	21	912	15.90	—	$334
Oct 1994	21	1,259	15.58	—	$327
Sep 1994	27	1,855	15.29	—	$413
Aug 1994	5	3,162	16.13	—	$81
Jul 1994	18	2,583	17.56	—	$316
Jun 1994	33	2,044	17.09	—	$564
May 1994	23	2,705	15.88	—	$365
Apr 1994	9	636	14.14	—	$127
Mar 1994	35	1,447	12.46	—	$436
Feb 1994	32	1,648	12.50	—	$400
Jan 1994	49	2,504	12.66	—	$620
Dec 1993	33	2,442	12.33	—	$407
Nov 1993	32	1,880	14.49	—	$464
Oct 1993	33	5,625	15.85	—	$523
Sep 1993	63	2,275	15.03	—	$947
Aug 1993	93	8,831	15.66	—	$1,456
Jul 1993	76	6,165	15.46	—	$1,175
Jun 1993	38	411	16.79	—	$638
May 1993	94	3,620	17.68	—	$1,662
Apr 1993	172	9,581	18.05	—	$3,105
Mar 1993	100	6,669	18.14	—	$1,814
Feb 1993	17	3,890	17.90	—	$304
Jan 1993	29	2,346	16.93	—	$491

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.

Aug 2006 — as filed, then multipliedworked

Condensate             0 bbl  × $ 68.71 =         $0
Gas                    5 Mcf  × $  7.34 =        $37

────────────────────────────────────────────────────
Month total                                      $37

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. 08/G/139502 is the state's own key, not one this site invented.