BAILEY -12-

Name: BAILEY -12- lease production and value, Jun 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 37329District 08Field 55279500OilCasinghead gasSave

Value, all time

$10.8 M

Jun 2004 – Jun 2020

Value, last 12 filed months

$67 k

at the published price for each month

Months reported

193

no gaps in the span

Streams

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.

Stream	Basis	Volume	Value
Oil	Disposition	144,988 bbl	$9,593,665
Casinghead gas	Production	195,384 Mcf	$1,166,566
Total			$10,760,231

Wells on this lease (10)

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, -101.1821. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.58544, -101.18180 · 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%

10 of 10 wells

With a plug date

10.0%

1 of 10 wells

Median depth

8,050 ft

10 wells filed one

Completion to plug

11.3 years

median over 1 wells

What the state filed about each well

On the RRC proration schedule

10100.0%

A plug date is filed

110.0%

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

110.0%

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

10k

12k

15k

20k+

Total depth in feet, 10 of 10 wells. Median 8,050 ft, with the middle half between 8,043 and 8,085 ft; the shallowest is 7,960 ft and the deepest 8,100 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

00s

Last completion by decade, 10 of 10 wells, May 2004 – Oct 2008. 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 2004 – Oct 2008

10 of 10 wells

Plug dates filed

Nov 2015

1 of 10 wells; 9 filed none

Last completion to plug: a median of 11.3 years across the 1 well that filed both dates, with the middle half between 11.3 years and 11.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

10 wells


42-43132468	15	8,100 ft	Oct 2008	—	Yes
42-43131927	4	8,050 ft	Sep 2008	—	Yes
42-43132262	7	8,050 ft	Sep 2008	—	Yes
42-43132411	11	8,085 ft	Dec 2006	—	Yes
42-43132445	14	8,040 ft	Dec 2006	—	Yes
42-43132410	10	8,100 ft	May 2005	—	Yes
42-43132423	13	8,012 ft	May 2005	—	Yes
42-43132050	6	8,050 ft	Aug 2004	—	Yes
42-43131897	2	7,960 ft	Aug 2004	Nov 2015	Yes
42-43132469	16	8,085 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 (193)

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

193 months


Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
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	539	663	55.05	2.66	$31,434
Aug 2019	251	452	53.11	2.30	$14,372
Jul 2019	351	529	56.27	2.46	$21,052
Jun 2019	375	474	52.78	2.49	$20,973
May 2019	480	449	58.48	2.74	$29,301
Apr 2019	244	448	62.63	2.75	$16,514
Mar 2019	378	436	56.80	3.06	$22,805
Feb 2019	363	334	50.85	2.79	$19,391
Jan 2019	356	356	46.03	3.23	$17,536
Dec 2018	223	365	46.59	4.19	$11,917
Nov 2018	490	361	52.93	4.24	$27,465
Oct 2018	379	351	61.44	3.40	$24,478
Sep 2018	437	649	59.54	3.11	$28,036
Aug 2018	400	533	59.40	3.07	$25,394
Jul 2018	540	565	65.14	2.93	$36,832
Jun 2018	283	557	60.18	3.08	$18,745
May 2018	311	577	65.38	2.90	$22,007
Apr 2018	438	594	63.84	2.90	$29,685
Mar 2018	407	607	61.22	2.79	$26,608
Feb 2018	412	541	61.78	2.77	$26,950
Jan 2018	569	325	62.87	4.01	$37,076
Dec 2017	429	308	57.27	2.92	$25,469
Nov 2017	436	297	55.42	3.12	$25,089
Oct 2017	525	394	49.29	2.98	$27,053
Sep 2017	380	512	47.52	3.09	$19,638
Aug 2017	383	521	45.37	3.00	$18,942
Jul 2017	503	506	43.87	3.09	$23,629
Jun 2017	516	449	42.49	3.09	$23,311
May 2017	391	445	45.37	3.26	$19,192
Apr 2017	387	340	47.93	3.21	$19,641
Mar 2017	518	580	46.77	2.98	$25,957
Feb 2017	520	398	50.45	2.95	$27,409
Jan 2017	396	435	49.41	3.42	$21,054
Dec 2016	520	425	48.76	3.72	$26,937
Nov 2016	516	438	42.49	2.64	$23,083
Oct 2016	771	457	46.19	3.09	$37,025
Sep 2016	385	459	41.55	3.10	$17,420
Aug 2016	519	508	41.44	2.92	$22,993
Jul 2016	214	316	41.62	2.92	$9,831
Jun 2016	298	227	45.35	2.69	$14,124
May 2016	325	330	42.52	1.99	$14,476
Apr 2016	306	425	36.56	1.99	$12,034
Mar 2016	215	365	33.01	1.79	$7,752
Feb 2016	281	356	26.47	2.06	$8,173
Jan 2016	468	580	27.35	2.36	$14,171
Dec 2015	370	609	32.36	2.00	$13,192
Nov 2015	329	356	38.79	2.17	$13,533
Oct 2015	513	370	43.55	2.43	$23,239
Sep 2015	380	407	42.99	2.76	$17,459
Aug 2015	366	411	40.16	2.87	$15,879
Jul 2015	344	276	48.15	2.95	$17,376
Jun 2015	461	480	56.15	2.88	$27,269
May 2015	378	853	55.21	2.96	$23,390
Apr 2015	361	936	49.82	2.71	$20,518
Mar 2015	493	948	42.89	2.93	$23,927
Feb 2015	200	761	44.66	2.98	$11,197
Jan 2015	300	378	43.43	3.10	$14,201
Dec 2014	285	320	54.69	3.59	$16,736
Nov 2014	452	301	70.46	4.25	$33,128
Oct 2014	423	416	78.30	3.90	$34,744
Sep 2014	414	448	86.16	4.05	$37,483
Aug 2014	296	286	89.39	4.04	$27,613
Jul 2014	393	330	96.56	4.18	$39,327
Jun 2014	394	375	98.16	4.74	$40,451
May 2014	679	373	94.73	4.73	$66,085
Apr 2014	346	474	95.94	4.81	$35,475
Mar 2014	312	462	95.89	5.06	$32,254
Feb 2014	320	467	97.40	6.19	$34,060
Jan 2014	652	528	90.40	4.86	$61,507
Dec 2013	301	458	91.82	4.35	$29,632
Nov 2013	372	645	88.85	3.74	$35,463
Oct 2013	351	954	97.42	3.78	$37,800
Sep 2013	480	719	104.11	3.72	$52,646
Aug 2013	393	722	104.25	3.52	$43,514
Jul 2013	393	711	102.52	3.72	$42,934
Jun 2013	299	773	94.40	3.93	$31,266
May 2013	463	732	94.83	4.15	$46,943
Apr 2013	386	609	93.96	4.28	$38,877
Mar 2013	291	636	93.62	3.91	$29,732
Feb 2013	405	595	91.23	3.42	$38,983
Jan 2013	544	698	91.60	3.42	$52,218
Dec 2012	594	650	86.77	3.42	$53,764
Nov 2012	297	613	86.95	3.62	$28,046
Oct 2012	577	648	89.38	3.40	$53,775
Sep 2012	595	625	94.67	2.92	$58,153
Aug 2012	597	719	92.66	2.91	$57,409
Jul 2012	590	780	85.13	3.02	$52,583
Jun 2012	538	720	79.82	2.52	$44,757
May 2012	529	576	91.61	2.49	$49,895
Apr 2012	620	694	101.65	2.00	$64,409
Mar 2012	470	680	105.05	2.22	$50,885
Feb 2012	571	766	101.10	2.57	$59,697
Jan 2012	421	832	98.09	2.73	$43,571
Dec 2011	730	852	96.87	3.24	$73,475
Nov 2011	314	964	95.72	3.31	$33,248
Oct 2011	416	915	84.98	3.65	$38,690
Sep 2011	624	917	83.62	3.99	$55,834
Aug 2011	412	1,015	83.40	4.15	$38,572
Jul 2011	625	1,035	94.14	4.52	$63,513
Jun 2011	412	1,034	92.90	4.64	$43,072
May 2011	608	1,014	98.13	4.40	$64,130
Apr 2011	554	918	105.96	4.33	$62,680
Mar 2011	568	767	96.36	4.06	$57,844
Feb 2011	83	610	85.64	4.18	$9,658
Jan 2011	494	573	86.50	4.59	$45,360
Dec 2010	408	1,028	85.73	4.35	$39,447
Nov 2010	473	1,058	80.84	3.80	$42,253
Oct 2010	401	1,273	78.10	3.51	$35,785
Sep 2010	560	1,338	72.63	3.98	$45,997
Aug 2010	533	1,538	73.68	4.42	$46,068
Jul 2010	471	1,653	72.55	4.74	$42,000
Jun 2010	377	1,348	70.36	4.91	$33,145
May 2010	625	1,437	71.12	4.24	$50,536
Apr 2010	568	1,353	81.69	4.12	$51,978
Mar 2010	674	1,356	78.39	4.39	$58,786
Feb 2010	388	1,103	73.58	5.44	$34,552
Jan 2010	536	1,051	74.36	5.96	$46,125
Dec 2009	815	1,193	71.44	5.48	$64,766
Nov 2009	908	1,187	74.59	3.75	$72,181
Oct 2009	908	1,287	72.54	4.11	$71,156
Sep 2009	903	1,331	65.54	3.06	$63,262
Aug 2009	782	1,498	67.42	3.22	$57,544
Jul 2009	1,008	1,652	61.13	3.46	$67,342
Jun 2009	941	1,537	66.16	3.90	$68,243
May 2009	889	1,401	54.74	3.93	$54,164
Apr 2009	711	1,565	46.77	3.59	$38,868
Mar 2009	835	1,551	42.14	4.06	$41,482
Feb 2009	847	1,270	32.81	4.63	$33,674
Jan 2009	957	1,375	35.86	5.37	$41,703
Dec 2008	542	1,320	37.10	5.98	$27,998
Nov 2008	1,063	1,242	55.49	6.86	$67,506
Oct 2008	1,430	1,881	75.24	6.92	$120,613
Sep 2008	922	1,651	101.76	7.88	$106,828
Aug 2008	1,075	1,592	114.22	8.48	$136,291
Jul 2008	1,210	1,801	131.08	11.39	$179,119
Jun 2008	1,021	1,687	131.33	13.03	$156,074
May 2008	1,229	1,873	123.17	11.57	$173,055
Apr 2008	1,250	1,983	110.31	10.45	$158,619
Mar 2008	1,215	1,930	101.90	9.66	$142,460
Feb 2008	1,052	1,584	92.53	8.77	$111,234
Jan 2008	1,402	2,017	90.38	8.21	$143,264
Dec 2007	1,418	1,871	88.33	7.30	$138,914
Nov 2007	1,521	1,946	91.67	7.29	$153,620
Oct 2007	1,369	2,260	82.85	6.92	$129,065
Sep 2007	1,608	2,341	75.84	6.24	$136,568
Aug 2007	1,660	2,583	69.06	6.39	$131,140
Jul 2007	2,015	2,732	70.90	6.39	$160,315
Jun 2007	1,848	2,958	62.00	7.55	$136,904
May 2007	2,466	3,447	58.74	7.85	$171,899
Apr 2007	2,594	4,031	59.61	7.81	$186,091
Mar 2007	3,292	3,742	56.92	7.30	$214,705
Feb 2007	2,976	2,639	55.10	8.22	$185,660
Jan 2007	1,472	1,790	50.30	6.73	$86,083
Dec 2006	1,024	2,304	56.65	6.92	$73,950
Nov 2006	1,133	1,606	54.20	7.62	$73,642
Oct 2006	1,297	1,834	54.90	6.01	$82,235
Sep 2006	991	1,849	60.08	5.04	$68,853
Aug 2006	1,154	2,091	68.71	7.34	$94,639
Jul 2006	1,182	1,755	69.37	6.34	$93,127
Jun 2006	1,327	2,008	66.28	6.38	$100,772
May 2006	1,428	2,073	66.01	6.42	$107,581
Apr 2006	1,059	2,300	64.39	7.36	$85,118
Mar 2006	1,362	2,057	56.70	7.08	$91,795
Feb 2006	1,195	2,150	57.59	7.75	$85,485
Jan 2006	1,415	2,269	60.59	8.93	$106,005
Dec 2005	1,272	2,297	54.94	13.42	$100,699
Nov 2005	1,166	2,088	54.69	10.59	$85,877
Oct 2005	1,235	2,000	58.34	13.80	$99,641
Sep 2005	1,348	2,237	61.45	12.08	$109,855
Aug 2005	1,771	1,845	61.51	9.80	$127,009
Jul 2005	1,841	1,645	55.69	7.84	$115,428
Jun 2005	2,088	1,675	52.33	7.38	$121,628
May 2005	1,391	1,515	45.22	6.65	$72,978
Apr 2005	1,700	2,313	49.20	7.36	$100,665
Mar 2005	1,686	2,500	50.37	7.15	$102,811
Feb 2005	1,715	2,305	45.22	6.31	$92,101
Jan 2005	1,649	2,443	43.16	6.32	$86,616
Dec 2004	2,262	149	39.86	6.75	$91,169
Nov 2004	2,555	602	45.28	6.33	$119,501
Oct 2004	3,391	0	49.70	6.52	$168,533
Sep 2004	2,984	0	43.24	5.28	$129,028
Aug 2004	598	0	42.37	5.55	$25,337
Jul 2004	415	1,219	38.28	6.08	$23,303
Jun 2004	380	0	36.10	6.43	$13,718

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                  539 bbl  × $ 55.05 =    $29,672
Casinghead gas       663 Mcf  × $  2.66 =     $1,762

────────────────────────────────────────────────────
Month total                                  $31,434

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/37329 is the state's own key, not one this site invented.