BAILEY -32-

Name: BAILEY -32- lease production and value, Aug 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 37485District 08Field 55279500OilCasinghead gasSave

Value, all time

$9.3 M

Aug 2004 – Jun 2020

Value, last 12 filed months

$30 k

at the published price for each month

Months reported

191

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	115,010 bbl	$7,708,282
Casinghead gas	Production	294,101 Mcf	$1,545,873
Total			$9,254,155

Wells on this lease (8)

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 31.5884, -101.1481. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

31.58886, -101.14682 · 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%

8 of 8 wells

With a plug date

0.0%

0 of 8 wells

Median depth

7,879 ft

8 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

8100.0%

A plug date is filed

00.0%

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

00.0%

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, 8 of 8 wells. Median 7,879 ft, with the middle half between 7,849 and 7,913 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

00s

10s

Last completion by decade, 8 of 8 wells, Jul 2004 – 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

Jul 2004 – Oct 2012

8 of 8 wells

8 wells


42-43131903	3	7,900 ft	Oct 2012	—	Yes
42-43132573	16	7,857 ft	Jan 2008	—	Yes
42-43132528	A 1	8,948 ft	Jan 2008	—	Yes
42-43132248	7	7,950 ft	Aug 2006	—	Yes
42-43132103	5	7,825 ft	Aug 2006	—	Yes
42-43131878	2	7,704 ft	May 2005	—	Yes
42-43132269	8	7,875 ft	Apr 2005	—	Yes
42-43132170	6	7,882 ft	Jul 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 (191)

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

191 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	196	758	55.05	2.66	$12,804
Aug 2019	116	842	53.11	2.30	$8,101
Jul 2019	131	674	56.27	2.46	$9,029
Jun 2019	123	940	52.78	2.49	$8,834
May 2019	143	1,079	58.48	2.74	$11,319
Apr 2019	175	1,041	62.63	2.75	$13,824
Mar 2019	119	976	56.80	3.06	$9,748
Feb 2019	124	752	50.85	2.79	$8,405
Jan 2019	205	770	46.03	3.23	$11,922
Dec 2018	0	833	46.59	4.19	$3,486
Nov 2018	176	829	52.93	4.24	$12,828
Oct 2018	65	856	61.44	3.40	$6,902
Sep 2018	183	863	59.54	3.11	$13,578
Aug 2018	131	912	59.40	3.07	$10,578
Jul 2018	128	994	65.14	2.93	$11,252
Jun 2018	132	932	60.18	3.08	$10,811
May 2018	104	1,110	65.38	2.90	$10,019
Apr 2018	99	1,109	63.84	2.90	$9,537
Mar 2018	263	1,154	61.22	2.79	$19,317
Feb 2018	83	924	61.78	2.77	$7,684
Jan 2018	270	902	62.87	4.01	$20,591
Dec 2017	196	902	57.27	2.92	$13,860
Nov 2017	108	1,020	55.42	3.12	$9,166
Oct 2017	195	1,127	49.29	2.98	$12,974
Sep 2017	173	824	47.52	3.09	$10,765
Aug 2017	70	744	45.37	3.00	$5,411
Jul 2017	210	766	43.87	3.09	$11,578
Jun 2017	192	841	42.49	3.09	$10,754
May 2017	0	762	45.37	3.26	$2,487
Apr 2017	185	775	47.93	3.21	$11,356
Mar 2017	160	874	46.77	2.98	$10,091
Feb 2017	104	874	50.45	2.95	$7,827
Jan 2017	217	967	49.41	3.42	$14,028
Dec 2016	215	981	48.76	3.72	$14,136
Nov 2016	108	1,128	42.49	2.64	$7,572
Oct 2016	214	1,136	46.19	3.09	$13,395
Sep 2016	210	1,017	41.55	3.10	$11,879
Aug 2016	214	1,053	41.44	2.92	$11,947
Jul 2016	104	892	41.62	2.92	$6,937
Jun 2016	109	884	45.35	2.69	$7,317
May 2016	221	852	42.52	1.99	$11,093
Apr 2016	214	664	36.56	1.99	$9,146
Mar 2016	194	769	33.01	1.79	$7,784
Feb 2016	133	884	26.47	2.06	$5,345
Jan 2016	228	842	27.35	2.36	$8,227
Dec 2015	165	957	32.36	2.00	$7,255
Nov 2015	177	1,292	38.79	2.17	$9,666
Oct 2015	188	985	43.55	2.43	$10,578
Sep 2015	177	1,101	42.99	2.76	$10,646
Aug 2015	174	701	40.16	2.87	$9,001
Jul 2015	152	562	48.15	2.95	$8,974
Jun 2015	151	662	56.15	2.88	$10,387
May 2015	73	1,116	55.21	2.96	$7,329
Apr 2015	141	1,182	49.82	2.71	$10,224
Mar 2015	303	1,134	42.89	2.93	$16,324
Feb 2015	0	444	44.66	2.98	$1,321
Jan 2015	309	1,021	43.43	3.10	$16,586
Dec 2014	221	1,030	54.69	3.59	$15,786
Nov 2014	0	1,151	70.46	4.25	$4,894
Oct 2014	244	1,125	78.30	3.90	$23,494
Sep 2014	240	988	86.16	4.05	$24,675
Aug 2014	228	810	89.39	4.04	$23,649
Jul 2014	189	705	96.56	4.18	$21,196
Jun 2014	116	942	98.16	4.74	$15,849
May 2014	107	1,109	94.73	4.73	$15,378
Apr 2014	265	1,369	95.94	4.81	$32,008
Mar 2014	397	1,356	95.89	5.06	$44,925
Feb 2014	225	858	97.40	6.19	$27,228
Jan 2014	83	1,172	90.40	4.86	$13,200
Dec 2013	241	1,394	91.82	4.35	$28,199
Nov 2013	154	1,252	88.85	3.74	$18,363
Oct 2013	238	1,671	97.42	3.78	$29,501
Sep 2013	277	2,002	104.11	3.72	$36,281
Aug 2013	313	2,284	104.25	3.52	$40,676
Jul 2013	394	1,890	102.52	3.72	$47,419
Jun 2013	104	2,012	94.40	3.93	$17,732
May 2013	313	1,872	94.83	4.15	$37,449
Apr 2013	414	1,846	93.96	4.28	$46,805
Mar 2013	306	1,859	93.62	3.91	$35,922
Feb 2013	378	1,531	91.23	3.42	$39,721
Jan 2013	262	1,594	91.60	3.42	$29,451
Dec 2012	258	1,495	86.77	3.42	$27,500
Nov 2012	288	1,692	86.95	3.62	$31,175
Oct 2012	204	1,748	89.38	3.40	$24,176
Sep 2012	408	1,777	94.67	2.92	$43,811
Aug 2012	302	1,829	92.66	2.91	$33,302
Jul 2012	247	1,631	85.13	3.02	$25,954
Jun 2012	289	1,384	79.82	2.52	$26,554
May 2012	316	1,794	91.61	2.49	$33,413
Apr 2012	396	1,474	101.65	2.00	$43,197
Mar 2012	283	1,715	105.05	2.22	$33,540
Feb 2012	429	1,761	101.10	2.57	$47,898
Jan 2012	578	1,561	98.09	2.73	$60,964
Dec 2011	426	1,554	96.87	3.24	$46,301
Nov 2011	426	1,601	95.72	3.31	$46,078
Oct 2011	351	1,753	84.98	3.65	$36,224
Sep 2011	419	1,629	83.62	3.99	$41,530
Aug 2011	425	827	83.40	4.15	$38,876
Jul 2011	439	1,882	94.14	4.52	$49,829
Jun 2011	444	1,900	92.90	4.64	$50,063
May 2011	447	1,974	98.13	4.40	$52,559
Apr 2011	283	1,874	105.96	4.33	$38,107
Mar 2011	561	1,961	96.36	4.06	$62,014
Feb 2011	556	1,604	85.64	4.18	$54,321
Jan 2011	441	1,970	86.50	4.59	$47,186
Dec 2010	569	2,038	85.73	4.35	$57,641
Nov 2010	416	1,902	80.84	3.80	$40,848
Oct 2010	552	1,981	78.10	3.51	$50,062
Sep 2010	405	2,016	72.63	3.98	$37,438
Aug 2010	538	1,944	73.68	4.42	$48,231
Jul 2010	561	1,960	72.55	4.74	$49,984
Jun 2010	417	2,041	70.36	4.91	$39,362
May 2010	543	2,084	71.12	4.24	$47,444
Apr 2010	607	2,091	81.69	4.12	$58,206
Mar 2010	919	3,409	78.39	4.39	$87,001
Feb 2010	432	1,471	73.58	5.44	$39,792
Jan 2010	555	2,785	74.36	5.96	$57,880
Dec 2009	560	2,827	71.44	5.48	$55,509
Nov 2009	666	3,190	74.59	3.75	$61,644
Oct 2009	709	3,239	72.54	4.11	$64,744
Sep 2009	639	2,552	65.54	3.06	$49,701
Aug 2009	792	2,551	67.42	3.22	$61,607
Jul 2009	630	2,766	61.13	3.46	$48,095
Jun 2009	997	2,730	66.16	3.90	$76,595
May 2009	993	2,849	54.74	3.93	$65,541
Apr 2009	996	2,832	46.77	3.59	$56,743
Mar 2009	846	3,081	42.14	4.06	$48,156
Feb 2009	827	3,065	32.81	4.63	$41,334
Jan 2009	1,140	3,465	35.86	5.37	$59,491
Dec 2008	1,157	3,393	37.10	5.98	$63,205
Nov 2008	974	3,215	55.49	6.86	$76,103
Oct 2008	1,351	3,567	75.24	6.92	$126,340
Sep 2008	1,002	3,283	101.76	7.88	$127,824
Aug 2008	1,021	3,806	114.22	8.48	$148,905
Jul 2008	1,925	4,006	131.08	11.39	$297,955
Jun 2008	1,411	3,510	131.33	13.03	$231,051
May 2008	1,228	3,164	123.17	11.57	$187,874
Apr 2008	1,297	2,414	110.31	10.45	$168,310
Mar 2008	550	1,980	101.90	9.66	$75,180
Feb 2008	475	1,423	92.53	8.77	$56,432
Jan 2008	1,144	1,829	90.38	8.21	$118,403
Dec 2007	842	1,448	88.33	7.30	$84,947
Nov 2007	1,192	1,526	91.67	7.29	$120,398
Oct 2007	1,239	2,055	82.85	6.92	$116,876
Sep 2007	1,232	1,904	75.84	6.24	$105,324
Aug 2007	828	1,631	69.06	6.39	$67,600
Jul 2007	1,028	1,937	70.90	6.39	$85,259
Jun 2007	1,261	2,806	62.00	7.55	$99,363
May 2007	1,651	3,045	58.74	7.85	$120,872
Apr 2007	1,460	2,731	59.61	7.81	$108,347
Mar 2007	1,633	2,826	56.92	7.30	$113,586
Feb 2007	1,627	2,519	55.10	8.22	$110,344
Jan 2007	1,841	2,373	50.30	6.73	$108,565
Dec 2006	1,993	3,775	56.65	6.92	$139,021
Nov 2006	2,543	4,403	54.20	7.62	$171,370
Oct 2006	2,057	3,886	54.90	6.01	$136,299
Sep 2006	1,052	2,223	60.08	5.04	$74,402
Aug 2006	1,121	2,083	68.71	7.34	$92,313
Jul 2006	1,196	2,460	69.37	6.34	$98,570
Jun 2006	1,380	2,646	66.28	6.38	$108,358
May 2006	1,757	3,143	66.01	6.42	$136,173
Apr 2006	1,243	2,762	64.39	7.36	$100,366
Mar 2006	770	1,014	56.70	7.08	$50,841
Feb 2006	1,266	1,133	57.59	7.75	$81,691
Jan 2006	1,426	1,183	60.59	8.93	$96,969
Dec 2005	1,114	1,039	54.94	13.42	$75,142
Nov 2005	1,160	1,079	54.69	10.59	$74,865
Oct 2005	1,439	1,277	58.34	13.80	$101,568
Sep 2005	1,596	1,430	61.45	12.08	$115,347
Aug 2005	1,261	1,505	61.51	9.80	$92,308
Jul 2005	1,880	1,435	55.69	7.84	$115,953
Jun 2005	1,785	1,472	52.33	7.38	$104,274
May 2005	1,329	1,284	45.22	6.65	$68,637
Apr 2005	772	635	49.20	7.36	$42,656
Mar 2005	888	686	50.37	7.15	$49,637
Feb 2005	764	651	45.22	6.31	$38,657
Jan 2005	1,162	991	43.16	6.32	$56,417
Dec 2004	2,517	78	39.86	6.75	$100,854
Nov 2004	3,165	288	45.28	6.33	$145,134
Oct 2004	3,319	0	49.70	6.52	$164,954
Sep 2004	2,452	83	43.24	5.28	$106,463
Aug 2004	1,050	0	42.37	5.55	$44,489

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                  196 bbl  × $ 55.05 =    $10,790
Casinghead gas       758 Mcf  × $  2.66 =     $2,014

────────────────────────────────────────────────────
Month total                                  $12,804

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/37485 is the state's own key, not one this site invented.