BAILEY -10-

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.

Oil lease lease 31472District 08Field 87018550OilCasinghead gasSave
Value, all time
$7.6 M
Jan 1993 – Feb 2020
Value, last 12 filed months
$25 k
at the published price for each month
Months reported
326
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition147,929 bbl$3,459,936
Casinghead gasProduction2,708,247 Mcf$4,130,979
Total$7,590,915

1,567,059 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 (16)

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 31.5996, -101.1657. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.8 miles.

31.59342, -101.16651 · 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
100.0%
16 of 16 wells
With a plug date
18.8%
3 of 16 wells
Median depth
7,945 ft
16 wells filed one
Completion to plug
4.9 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
16100.0%
A plug date is filed
318.8%
BothOn the schedule and plugged. Neither fact cancels the other.
318.8%
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

0k
2k
4k
6k
8k
10k
12k
15k
20k+

Total depth in feet, 16 of 16 wells. Median 7,945 ft, with the middle half between 7,908 and 7,985 ft; the shallowest is 7,850 ft and the deepest 9,150 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

80s
90s
00s

Last completion by decade, 16 of 16 wells, Oct 1987 – Nov 2006. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Oct 1987 – Nov 2006
16 of 16 wells
Plug dates filed
Jan 2011
3 of 16 wells; 13 filed none

Last completion to plug: a median of 4.9 years across the 3 wells that filed both dates, with the middle half between 4.6 years and 12.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

16 wells

42-4313189327,950 ftNov 2006Jan 2011Yes
42-4313191937,875 ftNov 2006Yes
42-43132457127,920 ftSep 2006Yes
42-43132408117,850 ftFeb 2006Jan 2011Yes
42-4313192647,925 ftJun 2004Yes
42-43132469168,085 ftMay 2004Yes
42-43132729177,870 ftMay 2004Yes
42-4313255216A7,980 ftNov 1992Yes
42-43132531157,940 ftOct 1992Yes
42-43132409107,910 ftJul 1992Yes
42-4313233710137,960 ftApr 1992Yes
42-4313222988,000 ftJun 1991Yes
42-4313219478,000 ftJun 1991Yes
42-4313214369,150 ftAug 1990Yes
42-4313211857,950 ftJun 1990Jan 2011Yes
42-4313186317,900 ftOct 1987Yes

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 (326)

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

326 months

Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20197365055.052.66$5,746
Aug 2019067153.112.30$1,546
Jul 20193367656.272.46$3,520
Jun 20192662852.782.49$2,937
May 20192481858.482.74$3,645
Apr 20192776062.632.75$3,782
Mar 20193183256.803.06$4,308
Feb 20192569150.852.79$3,201
Jan 20194872346.033.23$4,543
Dec 20182673246.594.19$4,275
Nov 20184766952.934.24$5,322
Oct 2018073961.443.40$2,511
Sep 20181670459.543.11$3,141
Aug 20183472059.403.07$4,228
Jul 20181673565.142.93$3,197
Jun 20181868760.183.08$3,197
May 20181875565.382.90$3,367
Apr 20181673963.842.90$3,165
Mar 20181677361.222.79$3,134
Feb 20189971461.782.77$8,091
Jan 2018601,02962.874.01$7,898
Dec 2017581,01457.272.92$6,284
Nov 201711599155.423.12$9,464
Oct 20175892649.292.98$5,622
Sep 20175990747.523.09$5,604
Aug 201712294345.373.00$8,368
Jul 20175197743.873.09$5,254
Jun 201710492542.493.09$7,275
May 2017531,04645.373.26$5,818
Apr 20171011,03447.933.21$8,162
Mar 2017991,08546.772.98$7,868
Feb 20175294050.452.95$5,399
Jan 2017511,00749.413.42$5,963
Dec 2016991,02948.763.72$8,658
Nov 2016991,05042.492.64$6,983
Oct 20161021,09846.193.09$8,104
Sep 2016501,25041.553.10$5,953
Aug 201610185641.442.92$6,689
Jul 20165689341.622.92$4,942
Jun 201611387545.352.69$7,475
May 201611478142.521.99$6,402
Apr 2016094536.561.99$1,882
Mar 20161361,01833.011.79$6,316
Feb 20161485326.472.06$2,131
Jan 20161769827.352.36$2,115
Dec 20151374032.362.00$1,902
Nov 20151678138.792.17$2,313
Oct 20154783443.552.43$4,071
Sep 20154481542.992.76$4,140
Aug 20152289540.162.87$3,454
Jul 2015681,00648.152.95$6,237
Jun 2015241,01756.152.88$4,279
May 2015201,08155.212.96$4,299
Apr 20153298749.822.71$4,266
Mar 20154288442.892.93$4,396
Feb 20155185644.662.98$4,825
Jan 20155877743.433.10$4,928
Dec 20143162054.693.59$3,922
Nov 20146265470.464.25$7,149
Oct 2014911,06778.303.90$11,288
Sep 20147390486.164.05$9,947
Aug 201411297089.394.04$13,926
Jul 20145289196.564.18$8,745
Jun 20149392598.164.74$13,510
May 2014931,08794.734.73$13,948
Apr 20141101,02595.944.81$15,483
Mar 20141661,17295.895.06$21,844
Feb 20145974297.406.19$10,341
Jan 20141411,11990.404.86$18,186
Dec 2013581,22191.824.35$10,642
Nov 20131598388.853.74$5,007
Oct 2013531,26097.423.78$9,925
Sep 2013271,169104.113.72$7,157
Aug 2013351,153104.253.52$7,710
Jul 201349959102.523.72$8,589
Jun 2013371,09094.403.93$7,780
May 2013301,28494.834.15$8,172
Apr 2013351,23393.964.28$8,569
Mar 2013541,13393.623.91$9,489
Feb 20131101,30491.233.42$14,495
Jan 20131001,21791.603.42$13,322
Dec 2012641,02586.773.42$9,059
Nov 2012331,10486.953.62$6,871
Oct 2012301,07789.383.40$6,343
Sep 2012331,04194.672.92$6,162
Aug 20126284692.662.91$8,205
Jul 2012711,42385.133.02$10,343
Jun 2012321,54479.822.52$6,444
May 20125467991.612.49$6,637
Apr 201246627101.652.00$5,928
Mar 201224851105.052.22$4,412
Feb 2012181,029101.102.57$4,465
Jan 2012341,31098.092.73$6,917
Dec 20114065596.873.24$5,997
Nov 20111385895.723.31$4,085
Oct 2011151,36684.983.65$6,259
Sep 20111071,19383.623.99$13,702
Aug 2011751,27583.404.15$11,545
Jul 2011951,32594.144.52$14,929
Jun 2011661,63592.904.64$13,718
May 2011381,56498.134.40$10,618
Apr 2011541,531105.964.33$12,356
Mar 2011671,79896.364.06$13,751
Feb 2011771,71285.644.18$13,750
Jan 2011581,78686.504.59$13,213
Dec 2010841,58985.734.35$14,110
Nov 2010761,70380.843.80$12,607
Oct 2010751,90478.103.51$12,538
Sep 2010631,88372.633.98$12,069
Aug 2010591,77273.684.42$12,178
Jul 2010671,51072.554.74$12,013
Jun 2010661,59570.364.91$12,476
May 2010651,85171.124.24$12,462
Apr 2010671,76781.694.12$12,758
Mar 20101191,72678.394.39$16,903
Feb 2010811,56673.585.44$14,483
Jan 20101911,69474.365.96$24,306
Dec 20091351,29571.445.48$16,746
Nov 20091341,47774.593.75$15,536
Oct 20091071,66372.544.11$14,597
Sep 20091591,67765.543.06$15,560
Aug 20091401,69567.423.22$14,894
Jul 20091271,83061.133.46$14,104
Jun 20091081,64166.163.90$13,537
May 20091431,81354.743.93$14,945
Apr 20091211,53946.773.59$11,180
Mar 20091561,71442.144.06$13,531
Feb 20091381,69432.814.63$12,376
Jan 20091151,66135.865.37$13,045
Dec 20088993937.105.98$8,914
Nov 2008861,06555.496.86$12,078
Oct 2008831,24775.246.92$14,877
Sep 2008721,422101.767.88$18,528
Aug 20081191,961114.228.48$30,227
Jul 20081361,850131.0811.39$38,897
Jun 20081651,326131.3313.03$38,951
May 20081731,458123.1711.57$38,184
Apr 20082432,042110.3110.45$48,154
Mar 20081391,586101.909.66$29,491
Feb 20081991,30192.538.77$29,824
Jan 200814694390.388.21$20,933
Dec 200712873688.337.30$16,680
Nov 20075879591.677.29$11,114
Oct 20079683982.856.92$13,761
Sep 200711079075.846.24$13,275
Aug 20077656669.066.39$8,864
Jul 20077056770.906.39$8,585
Jun 20078059062.007.55$9,414
May 20075071858.747.85$8,571
Apr 20074290259.617.81$9,544
Mar 2007611,02756.927.30$10,971
Feb 2007711,42355.108.22$15,603
Jan 20071561,60950.306.73$18,670
Dec 20062701,53056.656.92$25,881
Nov 20061051,36654.207.62$16,096
Oct 2006781,35454.906.01$12,425
Sep 2006681,47860.085.04$11,530
Aug 2006871,66068.717.34$18,162
Jul 20062102,02769.376.34$27,424
Jun 20062711,71266.286.38$28,891
May 20062761,66366.016.42$28,904
Apr 20061451,78864.397.36$22,497
Mar 20062402,20256.707.08$29,205
Feb 20063082,02457.597.75$33,426
Jan 20063682,62360.598.93$45,729
Dec 20052262,44854.9413.42$45,257
Nov 20052502,40654.6910.59$39,148
Oct 20052152,64958.3413.80$49,088
Sep 20051802,69761.4512.08$43,638
Aug 20053272,96561.519.80$49,161
Jul 20052932,64455.697.84$37,056
Jun 20053522,83852.337.38$39,368
May 20052432,71345.226.65$29,033
Apr 20052692,72149.207.36$33,263
Mar 20053643,00950.377.15$39,864
Feb 20053672,64145.226.31$33,266
Jan 20056772,76843.166.32$46,719
Dec 20041273,28339.866.75$27,226
Nov 20042845,17045.286.33$45,588
Oct 20041483,23049.706.52$28,399
Sep 20041513,22243.245.28$23,554
Aug 20042543,06242.375.55$27,758
Jul 20046612,84138.286.08$42,588
Jun 20041,3263,40536.106.43$69,773
May 20041,1802,83837.486.49$62,658
Apr 20041412,53034.475.86$19,682
Mar 200404,03434.365.53$22,309
Feb 20041444,22132.455.51$27,929
Jan 20041404,32932.036.30$31,755
Dec 200303,66030.266.30$23,064
Nov 20031453,27428.804.60$19,221
Oct 200304,06928.174.76$19,367
Sep 20031484,01626.314.75$22,967
Aug 20031433,18729.765.13$20,604
Jul 200303,61229.415.17$18,677
Jun 200314136828.565.98$6,229
May 200303,90726.595.97$23,335
Apr 20031503,83926.675.41$24,759
Mar 20031513,97731.146.10$28,946
Feb 20031523,75033.487.93$34,811
Jan 20031505,13630.315.58$33,216
Dec 200205,45526.914.85$26,477
Nov 20021005,52524.664.14$25,323
Oct 200204,58626.464.23$19,395
Sep 20021514,62527.443.64$20,956
Aug 20021534,91525.963.16$19,524
Jul 200207,38424.583.06$22,608
Jun 20021628,15723.733.34$31,074
May 200208,44724.663.58$30,274
Apr 20021628,27623.653.51$32,899
Mar 20021658,45422.003.10$29,860
Feb 200207,72718.222.38$18,357
Jan 20021649,38717.172.38$25,116
Dec 20011649,22116.932.36$24,579
Nov 200109,13518.072.41$21,974
Oct 20011678,26219.782.53$24,197
Sep 200108,35524.262.25$18,810
Aug 20011428,75124.873.05$30,250
Jul 20011458,49723.933.20$30,635
Jun 200107,64324.563.82$29,228
May 20011538,96925.524.31$42,537
Apr 20013218,64124.685.34$54,025
Mar 20011618,87524.545.38$51,667
Feb 20011747,73427.755.77$49,431
Jan 20013108,37027.478.40$78,813
Dec 20002948,04326.889.12$81,275
Nov 20001608,10832.215.66$51,029
Oct 20001498,79231.235.15$49,893
Sep 20002958,81131.875.19$55,100
Aug 20001469,11729.644.54$45,725
Jul 20001619,09528.534.09$41,790
Jun 20003148,75129.304.40$47,681
May 20001638,89627.263.68$37,178
Apr 20003248,48124.513.12$34,368
Mar 20003228,72528.422.86$34,103
Feb 20003328,05327.622.73$31,126
Jan 20006408,57425.272.48$37,441
Dec 199908,83424.282.42$21,411
Nov 19993237,93823.192.43$26,811
Oct 19991679,73920.982.80$30,809
Sep 19991599,03621.752.62$27,122
Aug 19991539,03319.262.88$28,922
Jul 19993118,95217.892.37$26,801
Jun 199916310,83415.942.36$28,189
May 199916111,06415.792.32$28,222
Apr 199931010,44515.102.21$27,744
Mar 19993189,99412.471.84$22,338
Feb 199917011,5519.981.82$22,694
Jan 199949514,37710.381.90$32,454
Dec 199831310,8359.201.77$22,094
Nov 1998011,61110.892.19$25,378
Oct 199831312,67412.421.97$28,845
Sep 199832211,45912.592.08$27,919
Aug 1998013,63111.301.91$25,999
Jul 199832314,84411.742.24$37,002
Jun 199828916,68411.242.24$40,575
May 199833916,35012.622.21$40,352
Apr 1998016,05813.042.51$40,231
Mar 199832718,27012.802.31$46,379
Feb 199869314,49813.952.30$43,000
Jan 199834818,29014.702.15$44,527
Dec 199734919,61816.322.41$52,997
Nov 199734918,79818.193.09$64,401
Oct 199735619,58419.253.15$68,539
Sep 199753019,38917.742.95$66,694
Aug 199735021,40117.862.55$60,925
Jul 199751319,82217.582.25$53,557
Jun 199735422,78117.242.26$57,524
May 199772921,49818.972.31$63,457
Apr 199737320,46717.882.08$49,298
Mar 199772721,78418.951.94$56,019
Feb 199772019,08720.492.21$56,857
Jan 199770420,57923.483.54$89,373
Dec 199635119,63623.32$8,185
Nov 199669319,03421.97$15,225
Oct 199667320,41823.31$15,688
Sep 199670118,86822.22$15,576
Aug 199635021,02020.26$7,091
Jul 199669621,88719.55$13,607
Jun 199670522,66118.73$13,205
May 199671523,54119.43$13,892
Apr 199672823,08921.51$15,659
Mar 19961,09324,47919.38$21,182
Feb 199672624,84216.98$12,327
Jan 19961,11626,90517.07$19,050
Dec 19951,09227,14217.19$18,771
Nov 19951,06627,30316.00$17,056
Oct 19951,46129,43115.43$22,543
Sep 19951,10329,59916.18$17,847
Aug 19951,10333,21115.92$17,560
Jul 19951,41733,94615.24$21,595
Jun 19951,04131,54216.41$17,083
May 19951,60632,76917.56$28,201
Apr 19951,56531,95017.73$27,747
Mar 19951,39535,01916.44$22,934
Feb 19951,75031,75516.58$29,015
Jan 19951,39436,55115.92$22,192
Dec 19942,00735,13915.03$30,165
Nov 19941,98530,96115.90$31,562
Oct 19942,16734,58215.58$33,762
Sep 19941,62735,77015.29$24,877
Aug 19941,97039,82716.13$31,776
Jul 19942,06640,54517.56$36,279
Jun 19942,39142,04217.09$40,862
May 19942,73338,65115.88$43,400
Apr 19942,43442,58014.14$34,417
Mar 19942,81937,97512.46$35,125
Feb 19943,22136,63112.50$40,263
Jan 19942,56442,95312.66$32,460
Dec 19932,83645,54212.33$34,968
Nov 19933,49843,72914.49$50,686
Oct 19933,49444,54015.85$55,380
Sep 19933,68738,93115.03$55,416
Aug 19934,04429,82215.66$63,329
Jul 19936,21544,38115.46$96,084
Jun 19934,39838,92716.79$73,842
May 19934,62240,89317.68$81,717
Apr 19935,43136,48218.05$98,030
Mar 19934,82534,75718.14$87,526
Feb 19935,57733,14817.90$99,828
Jan 19935,65831,65316.93$95,790

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.

Sep 2019 — as filed, then multipliedworked
Oil                   73 bbl  × $ 55.05 =     $4,019
Casinghead gas       650 Mcf  × $  2.66 =     $1,727

────────────────────────────────────────────────────
Month total                                   $5,746

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/O/31472 is the state's own key, not one this site invented.