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BAILEY

Operated by HALCON OPERATING CO., INC. (P-5 344412) in the PHANTOM (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 292661District 08Field 71052900Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$18.3 M
Oct 2018 – May 2026
Value, last 12 filed months
$1.3 M
at the published price for each month
Months reported
92
no gaps in the span
Streams
2
condensate, gas

The PHANTOM (WOLFCAMP) 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 7,755 leases and 10,539 wells, and the rule below applies to all of them.

Discovered
1983-06-23
as the register files it
Field class
Oil and 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 2017-08-01.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: “FOR THE FOLLOWING API 389-37515.”

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
CondensateDisposition248,975 bbl$15,423,322
GasProduction910,790 Mcf$2,881,967
Total$18,305,290

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 31.0831, -103.3176. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.08312, -103.31759 · 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
10,570 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 10,570 ft.

Completions filed
Oct 2018
1 of 1 wells

1 well

42-389358003H10,570 ftOct 2018——

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 (92)

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

92 months

May 20269029,554106.413.05$125,082
Apr 20261,0579,34998.932.87$131,398
Mar 20261,3096,36889.753.15$137,538
Feb 20261,4706,74163.503.75$118,626
Jan 20261,3317,02359.138.00$134,871
Dec 20251,4827,55156.664.41$117,295
Nov 20251,5988,79358.593.93$128,152
Oct 20251,65810,08559.383.30$131,781
Sep 20251,0666,59762.743.08$87,179
Aug 20259443,61163.933.01$71,236
Jul 20257051,28966.743.32$51,325
Jun 202535235066.483.13$24,496
May 2025284060.553.23$17,196
Apr 202537835062.363.54$24,812
Mar 20251,0141,98667.704.27$77,125
Feb 20251,5187,00270.884.34$137,990
Jan 20251,6448,97574.324.28$160,583
Dec 20241,5718,60468.993.12$135,240
Nov 20241,9298,43769.052.20$151,746
Oct 20241,3139,35371.372.28$115,047
Sep 20241,4557,87669.612.36$119,904
Aug 20241,1827,09475.632.06$104,034
Jul 20241,2438,00579.932.15$116,536
Jun 20241,3697,56978.082.63$126,828
May 20249769,00678.812.20$96,718
Apr 20242,10810,10484.451.66$194,785
Mar 20242,2869,07080.301.55$197,580
Feb 20241,8699,65476.091.78$159,431
Jan 20242,07710,80773.023.30$187,300
Dec 20232,60211,05771.262.61$214,285
Nov 20232,4429,53377.892.81$216,972
Oct 20231,4232,04685.443.09$127,898
Sep 20231,2766,05189.042.74$130,165
Aug 20231,3427,55880.522.67$128,259
Jul 20231,1809,09674.852.64$112,353
Jun 20231,5918,37768.962.26$128,635
May 20231,58711,56770.622.23$137,838
Apr 20232,12711,92878.122.24$192,853
Mar 20232,14111,93072.852.39$184,522
Feb 20232,2548,88475.112.47$191,203
Jan 20239202,29276.533.39$78,172
Dec 20227761,71076.415.73$69,091
Nov 20221,4133,69185.005.65$140,945
Oct 20221,3333,91787.185.86$139,179
Sep 20221,8036,01284.888.16$202,119
Aug 20229422,96594.529.13$116,100
Jul 20221,9376,649101.587.54$246,908
Jun 20222,0397,827115.097.98$297,106
May 20222,3119,707109.378.43$334,614
Apr 20222,66811,245104.226.84$354,948
Mar 20223,75311,313108.885.08$466,056
Feb 20222,4815,33391.054.86$251,807
Jan 20221,4371,71381.844.54$125,377
Dec 20212,0774,61371.323.90$166,118
Nov 20212,1134,53377.435.24$187,348
Oct 20211,7754,98379.795.71$170,099
Sep 20211,5605,20369.865.35$136,822
Aug 20211,3705,43366.024.22$113,378
Jul 20211,7376,61570.783.98$149,286
Jun 20211,7316,80769.493.38$143,299
May 20212,2148,68263.483.02$166,744
Apr 20212,6428,88360.362.76$183,974
Mar 20212,53411,09161.302.72$185,468
Feb 20212,16911,01757.805.55$186,490
Jan 20212,33414,04150.412.81$157,116
Dec 20202,14315,71644.642.68$137,711
Nov 20202,40716,36738.772.71$137,618
Oct 20202,95317,41736.972.48$152,339
Sep 20202,03711,87337.091.99$99,192
Aug 20203,01615,18739.982.39$156,802
Jul 20203,32512,75538.371.83$150,860
Jun 20201,4895,80334.901.69$61,775
May 2020880716.921.81$1,600
Apr 20202,96617,81914.751.80$75,901
Mar 20202,74817,26430.341.86$115,420
Feb 20203,26017,60649.881.98$197,480
Jan 20203,36818,82657.252.09$232,254
Dec 20193,65418,98459.012.30$259,369
Nov 20193,70318,57855.302.75$255,878
Oct 20194,60721,64253.472.42$298,678
Sep 20194,71720,76455.052.66$314,847
Aug 20194,79622,62053.112.30$306,840
Jul 20196,14523,29256.272.46$403,079
Jun 20196,62220,31552.782.49$400,118
May 20199,44122,10958.482.74$612,695
Apr 201911,36819,63362.632.75$765,982
Mar 20195,2689,37356.803.06$327,923
Feb 20195,82910,20950.852.79$324,910
Jan 201911,55519,00246.033.23$593,219
Dec 201814,57421,34746.594.19$768,349
Nov 201819,53426,55952.934.24$1,146,471
Oct 20181,3183,41861.443.40$92,593

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           902 bbl  × $106.41 =    $95,982
Gas                9,554 Mcf  × $  3.05 =    $29,100

────────────────────────────────────────────────────
Month total                                 $125,082

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/292661 is the state's own key, not one this site invented.