BAILEY -32-

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 31478District 08Field 87018550NGPA filingOilCasinghead gasSaveExport
Value, all time
$5.2 M
Jan 1993 – Jun 2020
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
330
no gaps in the span
Streams
2
oil, casinghead gas

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.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA10none

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
OilDisposition62,591 bbl$1,780,562
Casinghead gasProduction1,867,115 Mcf$3,377,538
Total$5,158,101

1,058,170 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 31.5889, -101.1467. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.58884, -101.14680 · 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
6.3%
1 of 16 wells
Median depth
7,850 ft
16 wells filed one
Completion to plug
31.7 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
16100.0%
A plug date is filed
16.3%
BothOn the schedule and plugged. Neither fact cancels the other.
16.3%
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

Total depth in feet, 16 of 16 wells. Median 7,850 ft, with the middle half between 7,805 and 7,887 ft; the shallowest is 7,704 ft and the deepest 8,948 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

Last completion by decade, 16 of 16 wells, Oct 1987 – Oct 2012. 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 – Oct 2012
16 of 16 wells
Plug dates filed
Jul 2024
1 of 16 wells; 15 filed none

Last completion to plug: a median of 31.7 years across the 1 well that filed both dates, with the middle half between 31.7 years and 31.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

16 wells

42-4313190337,900 ftOct 2012Yes
42-43132573167,857 ftJan 2008Yes
42-43132528138,948 ftJan 2008Yes
42-4313224877,950 ftAug 2006Yes
42-4313210357,825 ftAug 2006Yes
42-4313187827,704 ftMay 2005Yes
42-4313226987,875 ftApr 2005Yes
42-4313217067,882 ftJul 2004Yes
42-43132566157,810 ftNov 1992Jul 2024Yes
42-43132574147,849 ftNov 1992Yes
42-43132460127,850 ftSep 1992Yes
42-43132454117,800 ftAug 1992Yes
42-43132451107,800 ftJul 1992Yes
42-4313240497,742 ftJun 1992Yes
42-4313198147,807 ftApr 1989Yes
42-4313185818,058 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 (330)

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

330 months

Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
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 2019191,19655.052.66$4,224
Aug 2019161,22053.112.30$3,661
Jul 2019151,24756.272.46$3,912
Jun 2019131,05352.782.49$3,309
May 2019161,04958.482.74$3,810
Apr 2019241,04162.632.75$4,367
Mar 2019171,07356.803.06$4,251
Feb 2019171,02750.852.79$3,732
Jan 2019681,03246.033.23$6,462
Dec 201801,10946.594.19$4,642
Nov 20185897352.934.24$7,193
Oct 201891,09361.443.40$4,267
Sep 2018211,19459.543.11$4,961
Aug 2018141,15759.403.07$4,380
Jul 2018141,11465.142.93$4,178
Jun 2018181,02260.183.08$4,228
May 20182198765.382.90$4,236
Apr 20181995463.842.90$3,980
Mar 2018371,05161.222.79$5,194
Feb 201891,06661.782.77$3,505
Jan 2018341,24762.874.01$7,137
Dec 2017241,24857.272.92$5,021
Nov 2017121,21855.423.12$4,463
Oct 2017411,18349.292.98$5,551
Sep 2017751,32147.523.09$7,642
Aug 2017331,50245.373.00$6,010
Jul 2017971,55143.873.09$9,044
Jun 2017921,45642.493.09$8,404
May 201701,48945.373.26$4,859
Apr 2017911,34847.933.21$8,691
Mar 20171471,45346.772.98$11,210
Feb 2017281,21250.452.95$4,991
Jan 2017601,34149.413.42$7,549
Dec 2016601,36048.763.72$7,989
Nov 2016291,56342.492.64$5,365
Oct 2016601,57546.193.09$7,639
Sep 2016591,40941.553.10$6,820
Aug 2016591,46141.442.92$6,717
Jul 2016281,58641.622.92$5,803
Jun 2016251,56845.352.69$5,345
May 2016541,79342.521.99$5,866
Apr 2016691,97336.561.99$6,451
Mar 20161112,12733.011.79$7,480
Feb 2016281,67826.472.06$4,204
Jan 2016632,03427.352.36$6,532
Dec 2015531,88332.362.00$5,484
Nov 2015691,70538.792.17$6,372
Oct 2015462,19743.552.43$7,335
Sep 201572,32642.992.76$6,717
Aug 201531,91340.162.87$5,616
Jul 201522,08548.152.95$6,237
Jun 201521,92156.152.88$5,650
May 201531,75555.212.96$5,352
Apr 2015131,70949.822.71$5,273
Mar 2015781,99042.892.93$9,185
Feb 201501,98844.662.98$5,917
Jan 2015941,86743.433.10$9,871
Dec 2014551,47054.693.59$8,287
Nov 201401,77270.464.25$7,534
Oct 2014421,84978.303.90$10,501
Sep 2014351,87686.164.05$10,605
Aug 2014522,28789.394.04$13,877
Jul 2014752,41396.564.18$17,327
Jun 2014512,30698.164.74$15,929
May 2014452,29294.734.73$15,096
Apr 2014772,15995.944.81$17,770
Mar 2014742,16295.895.06$18,029
Feb 2014472,22897.406.19$18,374
Jan 2014222,39890.404.86$13,645
Dec 2013612,29791.824.35$15,603
Nov 2013332,13388.853.74$10,906
Oct 2013462,45297.423.78$13,748
Sep 2013411,985104.113.72$11,648
Aug 2013431,785104.253.52$10,771
Jul 2013512,106102.523.72$13,058
Jun 2013141,89894.403.93$8,787
May 2013421,91694.834.15$11,933
Apr 2013661,92993.964.28$14,462
Mar 2013571,98793.623.91$13,111
Feb 20131171,64191.233.42$16,286
Jan 20131061,65191.603.42$15,356
Dec 2012721,51486.773.42$11,426
Nov 2012441,06886.953.62$7,697
Oct 2012311,21689.383.40$6,905
Sep 2012671,11694.672.92$9,600
Aug 2012791,28292.662.91$11,048
Jul 20121211,89285.133.02$16,016
Jun 20121171,96279.822.52$14,281
May 20121522,03691.612.49$18,991
Apr 20122362,583101.652.00$29,147
Mar 2012322,417105.052.22$8,732
Feb 2012562,043101.102.57$10,913
Jan 20121001,80998.092.73$14,755
Dec 2011761,64696.873.24$12,695
Nov 2011771,67195.723.31$12,904
Oct 2011651,90784.983.65$12,481
Sep 2011762,05983.623.99$14,562
Aug 2011741,02783.404.15$10,433
Jul 2011732,20294.144.52$16,819
Jun 2011702,21592.904.64$16,780
May 2011712,30398.134.40$17,112
Apr 2011452,161105.964.33$14,132
Mar 2011922,25896.364.06$18,027
Feb 2011932,17585.644.18$17,056
Jan 2011712,30086.504.59$16,696
Dec 20101012,31385.734.35$18,715
Nov 2010822,24080.843.80$15,130
Oct 2010972,31978.103.51$15,713
Sep 2010652,27172.633.98$13,758
Aug 2010892,16673.684.42$16,130
Jul 2010812,20272.554.74$16,306
Jun 2010582,29670.364.91$15,355
May 2010742,70371.124.24$16,711
Apr 2010532,21481.694.12$13,457
Mar 2010711,85878.394.39$13,720
Feb 20104487873.585.44$8,016
Jan 2010521,68674.365.96$13,922
Dec 2009461,54871.445.48$11,775
Nov 2009521,91374.593.75$11,055
Oct 2009572,06472.544.11$12,618
Sep 2009492,25365.543.06$10,116
Aug 2009472,24067.423.22$10,378
Jul 2009192,17861.133.46$8,707
Jun 2009292,10166.163.90$10,102
May 2009371,93554.743.93$9,622
Apr 2009401,85246.773.59$8,515
Mar 2009311,70442.144.06$8,223
Feb 2009251,45432.814.63$7,557
Jan 2009351,43835.865.37$8,979
Dec 2008381,46937.105.98$10,190
Nov 2008311,33855.496.86$10,899
Oct 2008401,41175.246.92$12,777
Sep 2008381,439101.767.88$15,202
Aug 2008551,686114.228.48$20,584
Jul 2008751,779131.0811.39$30,093
Jun 2008391,413131.3313.03$23,537
May 2008191,810123.1711.57$23,290
Apr 2008502,101110.3110.45$27,481
Mar 2008442,143101.909.66$25,194
Feb 2008251,38992.538.77$14,496
Jan 2008801,65790.388.21$20,827
Dec 2007831,95588.337.30$21,607
Nov 2007512,01891.677.29$19,390
Oct 2007362,11182.856.92$17,595
Sep 2007311,69075.846.24$12,904
Aug 2007291,62469.066.39$12,377
Jul 2007151,23270.906.39$8,933
Jun 2007131,66562.007.55$13,374
May 2007191,91558.747.85$16,142
Apr 2007341,65659.617.81$14,952
Mar 2007701,89656.927.30$17,829
Feb 2007561,89855.108.22$18,680
Jan 2007251,97250.306.73$14,523
Dec 2006412,40556.656.92$18,962
Nov 2006752,55854.207.62$23,551
Oct 20061442,65754.906.01$23,884
Sep 20061752,61760.085.04$23,696
Aug 20061202,59968.717.34$27,322
Jul 2006772,84669.376.34$23,393
Jun 2006882,96166.286.38$24,735
May 2006962,96866.016.42$25,406
Apr 2006662,62964.397.36$23,600
Mar 2006502,66456.707.08$21,704
Feb 2006642,10857.597.75$20,025
Jan 2006932,42960.598.93$27,334
Dec 2005782,58854.9413.42$39,004
Nov 2005852,69854.6910.59$33,216
Oct 2005902,68258.3413.80$42,251
Sep 20051062,74661.4512.08$39,683
Aug 20051082,92561.519.80$35,299
Jul 20051402,68455.697.84$28,849
Jun 20051123,06552.337.38$28,484
May 20059523,46245.226.65$66,076
Apr 20057913,61649.207.36$65,533
Mar 20051,0163,78950.377.15$78,286
Feb 20058533,45745.226.31$60,393
Jan 20051,2133,65643.166.32$75,467
Dec 2004954,06239.866.75$31,210
Nov 20041247,23445.286.33$51,409
Oct 20041564,81849.706.52$39,143
Sep 20043474,18243.245.28$37,102
Aug 20041714,53642.375.55$32,423
Jul 20041163,72638.286.08$27,110
Jun 200403,12636.106.43$20,110
May 20041043,17937.486.49$24,544
Apr 20041022,81834.475.86$20,025
Mar 20041083,20434.365.53$21,429
Feb 20041153,04732.455.51$20,520
Jan 200403,22932.036.30$20,342
Dec 20031013,38930.266.30$24,413
Nov 20031993,36328.804.60$21,185
Oct 200303,43728.174.76$16,359
Sep 2003973,23526.314.75$17,916
Aug 2003973,05829.765.13$18,573
Jul 200302,90329.415.17$15,011
Jun 2003784,78628.565.98$30,862
May 2003994,86126.595.97$31,666
Apr 20031094,77226.675.41$28,711
Mar 20031003,55731.146.10$24,798
Feb 20031013,20333.487.93$28,768
Jan 20031033,54930.315.58$22,933
Dec 20021052,21826.914.85$13,591
Nov 20021042,68624.664.14$13,677
Oct 20021053,34426.464.23$16,920
Sep 20021033,35027.443.64$15,004
Aug 200203,55725.963.16$11,255
Jul 20021062,91024.583.06$11,515
Jun 20021112,71523.733.34$11,697
May 20021112,55924.663.58$11,909
Apr 20021093,11023.653.51$13,501
Mar 20021102,81822.003.10$11,163
Feb 20021061,71118.222.38$5,996
Jan 2002981,34617.172.38$4,880
Dec 20011952,07916.932.36$8,217
Nov 20011081,75018.072.41$6,161
Oct 2001872,14119.782.53$7,135
Sep 2001863,57824.262.25$10,142
Aug 2001764,76524.873.05$16,438
Jul 2001875,37323.933.20$19,260
Jun 20011304,69824.563.82$21,159
May 20011034,57025.524.31$22,313
Apr 2001964,16224.685.34$24,575
Mar 20011354,66724.545.38$28,405
Feb 2001694,52127.755.77$27,988
Jan 20011644,88027.478.40$45,491
Dec 2000774,79626.889.12$45,821
Nov 20001184,88632.215.66$31,446
Oct 20001004,93531.235.15$28,516
Sep 2000564,91331.875.19$27,266
Aug 2000585,13429.644.54$25,031
Jul 20001175,28028.534.09$24,932
Jun 2000584,77729.304.40$22,705
May 20001035,29627.263.68$22,296
Apr 2000494,88624.513.12$16,426
Mar 20001125,21328.422.86$18,091
Feb 20001235,04827.622.73$17,161
Jan 20001175,29625.272.48$16,093
Dec 1999595,31424.282.42$14,312
Nov 19991135,10423.192.43$15,044
Oct 19991115,15220.982.80$16,773
Sep 19991134,56921.752.62$14,423
Aug 1999535,58819.262.88$17,090
Jul 19991095,65417.892.37$15,363
Jun 19991135,23515.942.36$14,167
May 19991124,32215.792.32$11,800
Apr 19991064,65415.102.21$11,877
Mar 19991085,18912.471.84$10,886
Feb 19991144,9399.981.82$10,116
Jan 19991005,71610.381.90$11,898
Dec 19981585,8869.201.77$11,891
Nov 19981106,64910.892.19$15,731
Oct 19981636,54612.421.97$14,915
Sep 19981086,97512.592.08$15,886
Aug 19981616,47211.301.91$14,164
Jul 19981496,17911.742.24$15,573
Jun 19981556,84811.242.24$17,063
May 19982485,47012.622.21$15,198
Apr 199804,83713.042.51$12,118
Mar 199804,80412.802.31$11,095
Feb 19983534,73513.952.30$15,811
Jan 199804,71514.702.15$10,160
Dec 19971854,54516.322.41$13,978
Nov 19973606,35518.193.09$26,174
Oct 199709,73219.253.15$30,654
Sep 19971759,62317.742.95$31,539
Aug 199709,90417.862.55$25,302
Jul 199733510,39717.582.25$29,251
Jun 199717410,74217.242.26$27,247
May 19974969,87418.972.31$32,203
Apr 199734810,01117.882.08$27,073
Mar 1997010,78818.951.94$20,919
Feb 19971699,29720.492.21$23,971
Jan 199737110,43423.483.54$45,644
Dec 19963678,12923.32$8,558
Nov 19963327,07821.97$7,294
Oct 199608,09723.31$0
Sep 19963627,32822.22$8,044
Aug 19963627,25620.26$7,334
Jul 199607,31519.55$0
Jun 19963539,49418.73$6,612
May 199608,14419.43$0
Apr 19967299,79221.51$15,681
Mar 1996011,56419.38$0
Feb 199637110,97716.98$6,300
Jan 199673311,48417.07$12,512
Dec 199536711,86117.19$6,309
Nov 199535812,48516.00$5,728
Oct 199537013,73915.43$5,709
Sep 199571913,97116.18$11,633
Aug 199535115,79615.92$5,588
Jul 199535815,36315.24$5,456
Jun 199536317,41616.41$5,957
May 199535119,33517.56$6,164
Apr 199573617,44817.73$13,049
Mar 199573120,22616.44$12,018
Feb 199536615,86316.58$6,068
Jan 199573320,65915.92$11,669
Dec 199473420,31815.03$11,032
Nov 199472820,54915.90$11,575
Oct 199472719,41515.58$11,327
Sep 19941,08424,48815.29$16,574
Aug 199455622,41216.13$8,968
Jul 199452521,52617.56$9,219
Jun 199470318,73317.09$12,014
May 19941,09620,10515.88$17,404
Apr 199455019,52314.14$7,777
Mar 19941,09420,42712.46$13,631
Feb 199472222,13412.50$9,025
Jan 19941,06731,09712.66$13,508
Dec 19931,09231,70912.33$13,464
Nov 19931,10126,20714.49$15,953
Oct 19931,08224,40815.85$17,150
Sep 19931,42928,69815.03$21,478
Aug 19931,05329,61415.66$16,490
Jul 19931,39433,18815.46$21,551
Jun 19932,00748,16616.79$33,698
May 19931,75658,16317.68$31,046
Apr 19931,62354,47018.05$29,295
Mar 19931,72863,47218.14$31,346
Feb 19931,48348,17017.90$26,546
Jan 19931,92350,35816.93$32,556

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                   19 bbl  × $ 55.05 =     $1,046
Casinghead gas     1,196 Mcf  × $  2.66 =     $3,178

────────────────────────────────────────────────────
Month total                                   $4,224

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/31478 is the state's own key, not one this site invented.