BAILEY -16-

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 31875District 08Field 87018550OilCasinghead gasSave
Value, all time
$9.4 M
Jan 1993 – Feb 2020
Value, last 12 filed months
$73 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
OilDisposition179,716 bbl$4,242,310
Casinghead gasProduction2,749,560 Mcf$5,111,611
Total$9,353,922

1,440,321 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 31.5856, -101.1986. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.58548, -101.19859 · 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
8,103 ft
16 wells filed one
Completion to plug
3.4 years
median over 1 wells

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

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

Total depth in feet, 16 of 16 wells. Median 8,103 ft, with the middle half between 8,079 and 8,150 ft; the shallowest is 8,025 ft and the deepest 8,255 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, May 1988 – Aug 2007. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
May 1988 – Aug 2007
16 of 16 wells
Plug dates filed
Jul 1997
1 of 16 wells; 15 filed none

Last completion to plug: a median of 3.4 years across the 1 well that filed both dates, with the middle half between 3.4 years and 3.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

16 wells

42-4313252288,080 ftAug 2007Yes
42-4313250378,030 ftDec 2006Yes
42-4313199938,255 ftDec 2004Yes
42-43132665118,050 ftJul 1994Yes
42-43132725158,150 ftFeb 1994Jul 1997Yes
42-43132724168,150 ftFeb 1994Yes
42-43132705148,150 ftNov 1993Yes
42-43132704138,150 ftOct 1993Yes
42-43132664128,105 ftAug 1993Yes
42-4313260098,100 ftJan 1993Yes
42-43132601108,111 ftJan 1993Yes
42-4313228268,089 ftDec 1991Yes
42-4313228358,025 ftNov 1991Yes
42-4313198748,250 ftJun 1989Yes
42-4313193928,100 ftJul 1988Yes
42-4313193518,075 ftMay 1988Yes

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 20191841,85055.052.66$15,045
Aug 2019741,87753.112.30$8,255
Jul 2019751,89656.272.46$8,885
Jun 2019741,86052.782.49$8,539
May 2019671,97558.482.74$9,330
Apr 20191331,92562.632.75$13,625
Mar 2019681,92856.803.06$9,766
Feb 20191152,09950.852.79$11,709
Jan 2019581,89246.033.23$8,777
Dec 2018582,03346.594.19$11,211
Nov 20181031,75752.934.24$12,897
Oct 2018531,76261.443.40$9,244
Sep 2018621,85759.543.11$9,463
Aug 2018731,99659.403.07$10,457
Jul 2018812,13465.142.93$11,533
Jun 20181382,07460.183.08$14,686
May 2018772,02865.382.90$10,917
Apr 2018681,99763.842.90$10,134
Mar 2018682,13061.222.79$10,099
Feb 20181381,85261.782.77$13,648
Jan 20181491,96062.874.01$17,226
Dec 2017752,01357.272.92$10,176
Nov 2017662,01255.423.12$9,932
Oct 2017482,00749.292.98$8,354
Sep 2017481,76347.523.09$7,724
Aug 2017921,88745.373.00$9,843
Jul 2017461,87243.873.09$7,797
Jun 2017641,76042.493.09$8,153
May 20171452,01645.373.26$13,158
Apr 2017521,88847.933.21$8,556
Mar 20171291,89146.772.98$11,675
Feb 2017521,64250.452.95$7,472
Jan 20171041,83649.413.42$11,416
Dec 20161031,79948.763.72$11,720
Nov 2016511,91642.492.64$7,234
Oct 20161001,86646.193.09$10,385
Sep 2016352,07141.553.10$7,876
Aug 20161042,04541.442.92$10,290
Jul 2016512,00041.622.92$7,971
Jun 20161112,00345.352.69$10,414
May 2016432,16542.521.99$6,139
Apr 2016442,18536.561.99$5,959
Mar 20161102,20033.011.79$7,578
Feb 20161492,06226.472.06$8,199
Jan 2016972,24527.352.36$7,961
Dec 20151732,70032.362.00$11,002
Nov 20151312,47738.792.17$10,450
Oct 20151352,96543.552.43$13,074
Sep 20151382,55042.992.76$12,967
Aug 2015832,54640.162.87$10,647
Jul 2015712,11548.152.95$9,647
Jun 2015361,89756.152.88$7,490
May 2015392,16355.212.96$8,546
Apr 20151322,09149.822.71$12,236
Mar 20151582,10142.892.93$12,942
Feb 20151112,01844.662.98$10,963
Jan 2015691,68743.433.10$8,227
Dec 20141262,05154.693.59$14,257
Nov 2014462,01170.464.25$11,792
Oct 20141022,00478.303.90$15,804
Sep 2014461,97686.164.05$11,957
Aug 20141082,03589.394.04$17,866
Jul 20141662,10896.564.18$24,840
Jun 2014581,98498.164.74$15,091
May 2014622,04894.734.73$15,553
Apr 20141242,00395.944.81$21,529
Mar 20141101,94095.895.06$20,358
Feb 2014521,84097.406.19$16,458
Jan 20141742,08290.404.86$25,850
Dec 20131262,15291.824.35$20,940
Nov 20131292,51188.853.74$20,848
Oct 20132072,64097.423.78$30,143
Sep 2013742,688104.113.72$17,697
Aug 20131422,872104.253.52$24,920
Jul 20131362,730102.523.72$24,092
Jun 2013712,59794.403.93$16,917
May 20131382,76794.834.15$24,567
Apr 20131402,72193.964.28$24,807
Mar 20131492,88193.623.91$25,222
Feb 20131622,56991.233.42$23,565
Jan 20131612,90591.603.42$24,682
Dec 20121522,75186.773.42$22,598
Nov 20122152,45586.953.62$27,594
Oct 2012672,21489.383.40$13,515
Sep 20121302,22094.672.92$18,786
Aug 2012612,30092.662.91$12,341
Jul 20121202,26685.133.02$17,061
Jun 20121212,48579.822.52$15,918
May 20121162,79791.612.49$17,587
Apr 20121502,947101.652.00$21,132
Mar 20121062,728105.052.22$17,197
Feb 20121242,385101.102.57$18,666
Jan 20121451,71098.092.73$18,898
Dec 20111531,73196.873.24$20,429
Nov 20111481,79195.723.31$20,097
Oct 2011621,81584.983.65$11,891
Sep 2011931,66683.623.99$14,417
Aug 2011451,90483.404.15$11,653
Jul 20111302,15694.144.52$21,977
Jun 20111301,84392.904.64$20,628
May 20111322,05898.134.40$22,018
Apr 20111371,933105.964.33$22,893
Mar 20112672,15596.364.06$34,472
Feb 2011701,82485.644.18$13,619
Jan 20111212,08286.504.59$20,020
Dec 20101782,18685.734.35$24,764
Nov 2010551,94880.843.80$11,840
Oct 20101542,42778.103.51$20,543
Sep 20101012,40372.633.98$16,898
Aug 2010991,97373.684.42$16,014
Jul 20101212,34472.554.74$19,881
Jun 20101342,28070.364.91$20,624
May 20102042,50071.124.24$25,097
Apr 20101392,65881.694.12$22,313
Mar 20102183,02778.394.39$30,374
Feb 20101562,19673.585.44$23,430
Jan 20102422,51374.365.96$32,983
Dec 20092352,80571.445.48$32,170
Nov 20091792,91174.593.75$24,272
Oct 20093082,44372.544.11$32,384
Sep 20092252,50465.543.06$22,421
Aug 20093192,72767.423.22$30,284
Jul 20093802,35861.133.46$31,399
Jun 20093572,04466.163.90$31,581
May 20094762,44654.743.93$35,659
Apr 20092352,32446.773.59$19,328
Mar 20092092,36242.144.06$18,395
Feb 20091812,12832.814.63$15,798
Jan 20091182,38035.865.37$17,014
Dec 2008952,33637.105.98$17,487
Nov 2008642,40255.496.86$20,030
Oct 2008972,50975.246.92$24,666
Sep 2008842,232101.767.88$26,130
Aug 20081032,749114.228.48$35,084
Jul 2008862,426131.0811.39$38,904
Jun 20081492,578131.3313.03$53,166
May 20081442,513123.1711.57$46,823
Apr 20081112,574110.3110.45$39,155
Mar 2008961,780101.909.66$26,984
Feb 2008971,86092.538.77$25,289
Jan 20081522,19790.388.21$31,766
Dec 20071562,10288.337.30$29,128
Nov 2007811,53491.677.29$18,611
Oct 20071191,87282.856.92$22,817
Sep 20071192,02575.846.24$21,669
Aug 20071301,85869.066.39$20,847
Jul 20071442,57370.906.39$26,646
Jun 20071983,56962.007.55$39,216
May 20071733,70958.747.85$39,264
Apr 20072194,08659.617.81$44,947
Mar 20073723,72356.927.30$48,359
Feb 20071282,09355.108.22$24,249
Jan 20071382,36450.306.73$22,844
Dec 200622,45456.656.92$17,091
Nov 20061212,56354.207.62$26,082
Oct 20061112,98954.906.01$24,069
Sep 20061203,19660.085.04$23,308
Aug 20061513,63268.717.34$37,034
Jul 20061513,56369.376.34$33,074
Jun 20061372,49866.286.38$25,027
May 20061382,35166.016.42$24,215
Apr 200601,91064.397.36$14,059
Mar 200603,28456.707.08$23,260
Feb 20061333,03357.597.75$31,169
Jan 20061073,40860.598.93$36,928
Dec 20051093,27454.9413.42$49,910
Nov 20051233,21854.6910.59$40,800
Oct 20051203,41058.3413.80$54,044
Sep 20051223,30061.4512.08$47,358
Aug 20051233,61161.519.80$42,942
Jul 200503,67055.697.84$28,786
Jun 20051773,54652.337.38$35,436
May 20051323,77145.226.65$31,051
Apr 20051023,58949.207.36$31,435
Mar 20051193,72650.377.15$32,653
Feb 20052783,40945.226.31$34,089
Jan 20051563,74243.166.32$30,391
Dec 20041584,26739.866.75$35,105
Nov 20041649,15245.286.33$65,362
Oct 200405,41649.706.52$35,286
Sep 20041634,46843.245.28$30,657
Aug 20041704,76542.375.55$33,652
Jul 20041695,06738.286.08$37,298
Jun 20041715,03036.106.43$38,531
May 20041634,63037.486.49$36,179
Apr 20041674,90234.475.86$34,475
Mar 20041714,79134.365.53$32,370
Feb 20041714,11832.455.51$28,238
Jan 20041724,94832.036.30$36,680
Dec 20031735,45530.266.30$39,610
Nov 20031746,45828.804.60$34,687
Oct 20031746,39228.174.76$35,325
Sep 20031736,07426.314.75$33,399
Aug 20031417,12429.765.13$40,740
Jul 20031626,01229.415.17$35,852
Jun 20031696,19128.565.98$41,867
May 20033296,31226.595.97$46,448
Apr 20031706,20626.675.41$38,091
Mar 20033306,73531.146.10$51,333
Feb 20031666,16433.487.93$54,413
Jan 20033316,91130.315.58$48,610
Dec 20021634,89526.914.85$28,145
Nov 20021684,83124.664.14$24,129
Oct 20021736,39726.464.23$31,631
Sep 20021706,38827.443.64$27,886
Aug 20023456,79025.963.16$30,441
Jul 20021675,41324.583.06$20,678
Jun 20021675,13923.733.34$21,118
May 20021705,25224.663.58$23,015
Apr 20021695,03923.653.51$21,695
Mar 20021745,24222.003.10$20,092
Feb 20023444,68918.222.38$17,407
Jan 20021754,95217.172.38$14,769
Dec 20013447,42716.932.36$23,384
Nov 20011737,28118.072.41$20,641
Oct 20013507,58919.782.53$26,115
Sep 20011707,51824.262.25$21,050
Aug 20011707,90624.873.05$28,366
Jul 20013447,82223.933.20$33,239
Jun 20011707,70524.563.82$33,640
May 20011717,85525.524.31$38,198
Apr 20013387,76324.685.34$49,760
Mar 20013538,06124.545.38$52,002
Feb 20011827,21727.755.77$46,672
Jan 20013667,93327.478.40$76,681
Dec 20003587,82026.889.12$80,961
Nov 20003727,84332.215.66$56,358
Oct 20001798,41031.235.15$48,864
Sep 20003428,29031.875.19$53,896
Aug 20001768,59629.644.54$44,249
Jul 20001788,76228.534.09$40,913
Jun 20003598,71029.304.40$48,819
May 20001779,14927.263.68$38,491
Apr 20003558,68324.513.12$35,757
Mar 20003548,71828.422.86$34,992
Feb 20003468,56527.622.73$32,909
Jan 20003598,94825.272.48$31,267
Dec 19993579,11424.282.42$30,758
Nov 19993548,83623.192.43$29,716
Oct 19993588,11620.982.80$30,266
Sep 19991807,98421.752.62$24,824
Aug 19993599,18719.262.88$33,332
Jul 19993519,32017.892.37$28,390
Jun 19993269,24115.942.36$27,025
May 19993369,72415.792.32$27,875
Apr 199934011,16015.102.21$29,776
Mar 199934211,26512.471.84$24,974
Feb 19993459,6589.981.82$20,999
Jan 199971012,67710.381.90$31,455
Dec 199834711,3669.201.77$23,348
Nov 19983378,68710.892.19$22,657
Oct 19983419,18412.421.97$22,320
Sep 19983539,57812.592.08$24,392
Aug 199836013,46011.301.91$29,741
Jul 199871614,58111.742.24$41,027
Jun 199836114,50311.242.24$36,505
May 199836014,12912.622.21$35,717
Apr 199872214,77513.042.51$46,431
Mar 199872315,97812.802.31$46,155
Feb 199871813,96613.952.30$42,126
Jan 199870116,07714.702.15$44,947
Dec 199770215,01716.322.41$47,664
Nov 199772015,68318.193.09$61,530
Oct 199734915,84319.253.15$56,621
Sep 199769017,75317.742.95$64,699
Aug 199735317,32717.862.55$50,571
Jul 199790019,99017.582.25$60,738
Jun 199770818,21017.242.26$53,310
May 19971,06818,35818.972.31$62,639
Apr 199769921,01117.882.08$56,259
Mar 199788621,44918.951.94$58,382
Feb 199789319,18520.492.21$60,618
Jan 199768321,29623.483.54$91,418
Dec 19961,42123,04423.32$33,138
Nov 199669820,31621.97$15,335
Oct 19961,04821,71623.31$24,429
Sep 19961,03118,71322.22$22,909
Aug 19961,38223,05820.26$27,999
Jul 199670222,02019.55$13,724
Jun 19961,04522,38918.73$19,573
May 19961,02823,79719.43$19,974
Apr 19961,40622,39721.51$30,243
Mar 19961,43820,11619.38$27,868
Feb 19961,05119,14916.98$17,846
Jan 19961,76823,85717.07$30,180
Dec 19951,42124,49217.19$24,427
Nov 19951,60423,49916.00$25,664
Oct 19951,42525,51615.43$21,988
Sep 19951,41525,20216.18$22,895
Aug 19951,37629,88315.92$21,906
Jul 19951,42425,83315.24$21,702
Jun 19951,41430,35216.41$23,204
May 19952,05231,76217.56$36,033
Apr 19951,76432,30717.73$31,276
Mar 19951,78736,47616.44$29,378
Feb 19952,10624,84116.58$34,917
Jan 19952,44230,23715.92$38,877
Dec 19942,46731,51015.03$37,079
Nov 19942,11733,34215.90$33,660
Oct 19942,86835,30415.58$44,683
Sep 19942,53539,75015.29$38,760
Aug 19942,63141,90116.13$42,438
Jul 19942,87541,18117.56$50,485
Jun 19942,98938,26317.09$51,082
May 19943,57640,11715.88$56,787
Apr 19943,96537,69014.14$56,065
Mar 19944,68437,60012.46$58,363
Feb 19943,91739,10712.50$48,963
Jan 19943,84942,84012.66$48,728
Dec 19935,06343,40612.33$62,427
Nov 19935,94740,44614.49$86,172
Oct 19934,34535,01915.85$68,868
Sep 19933,88633,36715.03$58,407
Aug 19933,43128,37915.66$53,729
Jul 19933,22732,75015.46$49,889
Jun 19933,90929,66916.79$65,632
May 19933,93032,76517.68$69,482
Apr 19934,14226,64318.05$74,763
Mar 19935,41432,86618.14$98,210
Feb 19935,86727,28617.90$105,019
Jan 19933,45918,14816.93$58,561

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                  184 bbl  × $ 55.05 =    $10,129
Casinghead gas     1,850 Mcf  × $  2.66 =     $4,916

────────────────────────────────────────────────────
Month total                                  $15,045

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/31875 is the state's own key, not one this site invented.