BAILEY -10-

Name: BAILEY -10- lease production and value, May 2004 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 LOWER HALF (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 37314District 08Field 55279500Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$5.0 M

May 2004 – Feb 2020

Value, last 12 filed months

$48 k

at the published price for each month

Months reported

190

no gaps in the span

Streams

oil, casinghead gas

The LOWER HALF (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 46 leases and 237 wells, and the rule below applies to all of them.

Discovered

1985-05-27

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

660 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1991-10-01.

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: “SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.”

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
Oil	Disposition	72,082 bbl	$4,672,555
Casinghead gas	Production	56,570 Mcf	$331,046
Total			$5,003,601

Wells on this lease (6)

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 31.6010, -101.1654. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.60080, -101.16492 · 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%

6 of 6 wells

With a plug date

33.3%

2 of 6 wells

Median depth

7,898 ft

6 wells filed one

Completion to plug

4.6 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

6100.0%

A plug date is filed

233.3%

BothOn the schedule and plugged. Neither fact cancels the other.

233.3%

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

Between 7,850 and 7,950 ft, median 7,898 ft, over the 6 wells that filed a depth.

Completions filed

May 2004 – Nov 2006

6 of 6 wells

Plug dates filed

Jan 2011

2 of 6 wells; 4 filed none

Last completion to plug: a median of 4.6 years across the 2 wells that filed both dates, with the middle half between 4.3 years and 4.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

6 wells


42-43131893	2	7,950 ft	Nov 2006	Jan 2011	Yes
42-43131919	3	7,875 ft	Nov 2006	—	Yes
42-43132457	12	7,920 ft	Sep 2006	—	Yes
42-43132408	11	7,850 ft	Feb 2006	Jan 2011	Yes
42-43131926	4	7,925 ft	Jun 2004	—	Yes
42-43132729	17	7,870 ft	May 2004	—	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 (190)

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

190 months


Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	319	63	55.05	2.66	$17,728
Aug 2019	0	66	53.11	2.30	$152
Jul 2019	114	68	56.27	2.46	$6,582
Jun 2019	91	62	52.78	2.49	$4,957
May 2019	82	81	58.48	2.74	$5,017
Apr 2019	85	77	62.63	2.75	$5,535
Mar 2019	136	71	56.80	3.06	$7,942
Feb 2019	128	63	50.85	2.79	$6,685
Jan 2019	239	70	46.03	3.23	$11,227
Dec 2018	132	69	46.59	4.19	$6,439
Nov 2018	292	63	52.93	4.24	$15,723
Oct 2018	0	69	61.44	3.40	$234
Sep 2018	136	77	59.54	3.11	$8,337
Aug 2018	283	78	59.40	3.07	$17,049
Jul 2018	132	80	65.14	2.93	$8,833
Jun 2018	146	75	60.18	3.08	$9,017
May 2018	148	81	65.38	2.90	$9,911
Apr 2018	134	80	63.84	2.90	$8,787
Mar 2018	135	84	61.22	2.79	$8,499
Feb 2018	219	78	61.78	2.77	$13,746
Jan 2018	107	66	62.87	4.01	$6,992
Dec 2017	109	66	57.27	2.92	$6,435
Nov 2017	225	74	55.42	3.12	$12,700
Oct 2017	90	92	49.29	2.98	$4,711
Sep 2017	83	96	47.52	3.09	$4,241
Aug 2017	169	99	45.37	3.00	$7,965
Jul 2017	70	102	43.87	3.09	$3,386
Jun 2017	125	134	42.49	3.09	$5,725
May 2017	62	149	45.37	3.26	$3,299
Apr 2017	119	149	47.93	3.21	$6,182
Mar 2017	117	157	46.77	2.98	$5,941
Feb 2017	61	136	50.45	2.95	$3,479
Jan 2017	61	145	49.41	3.42	$3,510
Dec 2016	117	149	48.76	3.72	$6,260
Nov 2016	117	152	42.49	2.64	$5,373
Oct 2016	121	159	46.19	3.09	$6,080
Sep 2016	59	181	41.55	3.10	$3,013
Aug 2016	119	124	41.44	2.92	$5,294
Jul 2016	64	111	41.62	2.92	$2,988
Jun 2016	142	93	45.35	2.69	$6,689
May 2016	168	77	42.52	1.99	$7,297
Apr 2016	0	74	36.56	1.99	$147
Mar 2016	215	118	33.01	1.79	$7,309
Feb 2016	81	149	26.47	2.06	$2,452
Jan 2016	200	371	27.35	2.36	$6,347
Dec 2015	242	487	32.36	2.00	$8,806
Nov 2015	142	444	38.79	2.17	$6,470
Oct 2015	260	440	43.55	2.43	$12,391
Sep 2015	182	256	42.99	2.76	$8,530
Aug 2015	67	226	40.16	2.87	$3,340
Jul 2015	176	219	48.15	2.95	$9,119
Jun 2015	52	186	56.15	2.88	$3,456
May 2015	69	159	55.21	2.96	$4,279
Apr 2015	164	229	49.82	2.71	$8,790
Mar 2015	185	254	42.89	2.93	$8,680
Feb 2015	177	243	44.66	2.98	$8,628
Jan 2015	170	173	43.43	3.10	$7,920
Dec 2014	81	143	54.69	3.59	$4,943
Nov 2014	167	156	70.46	4.25	$12,430
Oct 2014	243	226	78.30	3.90	$19,909
Sep 2014	153	198	86.16	4.05	$13,983
Aug 2014	116	205	89.39	4.04	$11,196
Jul 2014	62	232	96.56	4.18	$6,956
Jun 2014	144	265	98.16	4.74	$15,390
May 2014	144	158	94.73	4.73	$14,388
Apr 2014	160	82	95.94	4.81	$15,745
Mar 2014	246	85	95.89	5.06	$24,019
Feb 2014	89	146	97.40	6.19	$9,573
Jan 2014	321	126	90.40	4.86	$29,631
Dec 2013	247	323	91.82	4.35	$24,086
Nov 2013	127	252	88.85	3.74	$12,226
Oct 2013	374	491	97.42	3.78	$38,291
Sep 2013	264	297	104.11	3.72	$28,589
Aug 2013	233	209	104.25	3.52	$25,026
Jul 2013	218	163	102.52	3.72	$22,955
Jun 2013	232	375	94.40	3.93	$23,376
May 2013	222	493	94.83	4.15	$23,098
Apr 2013	229	527	93.96	4.28	$23,774
Mar 2013	209	458	93.62	3.91	$21,359
Feb 2013	285	387	91.23	3.42	$27,324
Jan 2013	300	348	91.60	3.42	$28,670
Dec 2012	194	252	86.77	3.42	$17,695
Nov 2012	208	246	86.95	3.62	$18,977
Oct 2012	373	251	89.38	3.40	$34,192
Sep 2012	249	228	94.67	2.92	$24,238
Aug 2012	373	105	92.66	2.91	$34,868
Jul 2012	507	228	85.13	3.02	$43,850
Jun 2012	228	353	79.82	2.52	$19,088
May 2012	228	74	91.61	2.49	$21,071
Apr 2012	168	137	101.65	2.00	$17,351
Mar 2012	88	59	105.05	2.22	$9,376
Feb 2012	116	60	101.10	2.57	$11,882
Jan 2012	213	50	98.09	2.73	$21,030
Dec 2011	122	39	96.87	3.24	$11,944
Nov 2011	29	102	95.72	3.31	$3,114
Oct 2011	1	216	84.98	3.65	$873
Sep 2011	171	237	83.62	3.99	$15,244
Aug 2011	193	227	83.40	4.15	$17,038
Jul 2011	324	205	94.14	4.52	$31,427
Jun 2011	296	230	92.90	4.64	$28,566
May 2011	228	275	98.13	4.40	$23,585
Apr 2011	376	299	105.96	4.33	$41,137
Mar 2011	339	335	96.36	4.06	$34,025
Feb 2011	289	169	85.64	4.18	$25,456
Jan 2011	164	176	86.50	4.59	$14,994
Dec 2010	236	167	85.73	4.35	$20,958
Nov 2010	308	263	80.84	3.80	$25,897
Oct 2010	327	223	78.10	3.51	$26,321
Sep 2010	342	230	72.63	3.98	$25,755
Aug 2010	323	304	73.68	4.42	$25,142
Jul 2010	315	533	72.55	4.74	$25,378
Jun 2010	327	272	70.36	4.91	$24,343
May 2010	352	228	71.12	4.24	$26,000
Apr 2010	327	196	81.69	4.12	$27,521
Mar 2010	384	229	78.39	4.39	$31,107
Feb 2010	187	204	73.58	5.44	$14,870
Jan 2010	384	261	74.36	5.96	$30,111
Dec 2009	290	502	71.44	5.48	$23,470
Nov 2009	432	297	74.59	3.75	$33,337
Oct 2009	332	197	72.54	4.11	$24,893
Sep 2009	434	251	65.54	3.06	$29,214
Aug 2009	469	281	67.42	3.22	$32,524
Jul 2009	500	326	61.13	3.46	$31,694
Jun 2009	346	276	66.16	3.90	$23,966
May 2009	349	212	54.74	3.93	$19,937
Apr 2009	309	160	46.77	3.59	$15,026
Mar 2009	406	254	42.14	4.06	$18,140
Feb 2009	439	176	32.81	4.63	$15,219
Jan 2009	482	230	35.86	5.37	$18,520
Dec 2008	506	315	37.10	5.98	$20,655
Nov 2008	502	352	55.49	6.86	$30,271
Oct 2008	503	307	75.24	6.92	$39,971
Sep 2008	404	201	101.76	7.88	$42,694
Aug 2008	517	239	114.22	8.48	$61,079
Jul 2008	503	266	131.08	11.39	$68,963
Jun 2008	490	269	131.33	13.03	$67,857
May 2008	468	365	123.17	11.57	$61,868
Apr 2008	720	636	110.31	10.45	$86,072
Mar 2008	326	679	101.90	9.66	$39,781
Feb 2008	620	499	92.53	8.77	$61,745
Jan 2008	665	326	90.38	8.21	$62,778
Dec 2007	848	422	88.33	7.30	$77,985
Nov 2007	530	436	91.67	7.29	$51,764
Oct 2007	652	518	82.85	6.92	$57,604
Sep 2007	696	558	75.84	6.24	$56,269
Aug 2007	773	718	69.06	6.39	$57,970
Jul 2007	896	691	70.90	6.39	$67,940
Jun 2007	853	655	62.00	7.55	$57,830
May 2007	884	622	58.74	7.85	$56,807
Apr 2007	1,095	854	59.61	7.81	$71,939
Mar 2007	1,135	799	56.92	7.30	$70,438
Feb 2007	951	798	55.10	8.22	$58,956
Jan 2007	1,245	1,205	50.30	6.73	$70,729
Dec 2006	1,238	1,302	56.65	6.92	$79,141
Nov 2006	966	1,235	54.20	7.62	$61,765
Oct 2006	1,107	1,070	54.90	6.01	$67,209
Sep 2006	445	556	60.08	5.04	$29,536
Aug 2006	452	664	68.71	7.34	$35,931
Jul 2006	624	482	69.37	6.34	$46,344
Jun 2006	292	308	66.28	6.38	$21,320
May 2006	691	500	66.01	6.42	$48,825
Apr 2006	501	340	64.39	7.36	$34,762
Mar 2006	615	448	56.70	7.08	$38,044
Feb 2006	745	423	57.59	7.75	$46,183
Jan 2006	880	523	60.59	8.93	$57,991
Dec 2005	532	542	54.94	13.42	$36,499
Nov 2005	755	498	54.69	10.59	$46,564
Oct 2005	831	548	58.34	13.80	$56,041
Sep 2005	742	477	61.45	12.08	$51,358
Aug 2005	1,212	609	61.51	9.80	$80,516
Jul 2005	841	432	55.69	7.84	$50,224
Jun 2005	1,162	585	52.33	7.38	$65,125
May 2005	773	584	45.22	6.65	$38,839
Apr 2005	807	455	49.20	7.36	$43,053
Mar 2005	799	393	50.37	7.15	$43,058
Feb 2005	941	504	45.22	6.31	$45,733
Jan 2005	909	556	43.16	6.32	$42,748
Dec 2004	1,760	745	39.86	6.75	$75,183
Nov 2004	2,227	1,094	45.28	6.33	$107,764
Oct 2004	1,271	734	49.70	6.52	$67,951
Sep 2004	1,312	731	43.24	5.28	$60,593
Aug 2004	1,891	694	42.37	5.55	$83,974
Jul 2004	1,398	644	38.28	6.08	$57,434
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0

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                  319 bbl  × $ 55.05 =    $17,561
Casinghead gas        63 Mcf  × $  2.66 =       $167

────────────────────────────────────────────────────
Month total                                  $17,728

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/37314 is the state's own key, not one this site invented.