BAILEY -16-

Name: BAILEY -16- lease production and value, Dec 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 37489District 08Field 55279500Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$3.5 M

Dec 2004 – Feb 2020

Value, last 12 filed months

$83 k

at the published price for each month

Months reported

183

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	41,496 bbl	$3,127,191
Casinghead gas	Production	78,709 Mcf	$358,601
Total			$3,485,792

Wells on this lease (3)

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 31.5859, -101.1949. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

31.58551, -101.19625 · 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%

3 of 3 wells

With a plug date

0.0%

0 of 3 wells

Median depth

8,080 ft

3 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

3100.0%

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

Between 8,030 and 8,255 ft, median 8,080 ft, over the 3 wells that filed a depth.

Completions filed

Dec 2004 – Aug 2007

3 of 3 wells

3 wells


42-43132522	8	8,080 ft	Aug 2007	—	Yes
42-43132503	7	8,030 ft	Dec 2006	—	Yes
42-43131999	3	8,255 ft	Dec 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 (183)

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

183 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	460	705	55.05	2.66	$27,196
Aug 2019	107	725	53.11	2.30	$7,353
Jul 2019	112	566	56.27	2.46	$7,695
Jun 2019	118	647	52.78	2.49	$7,840
May 2019	109	707	58.48	2.74	$8,312
Apr 2019	225	693	62.63	2.75	$15,998
Mar 2019	123	675	56.80	3.06	$9,053
Feb 2019	228	195	50.85	2.79	$12,138
Jan 2019	123	446	46.03	3.23	$7,101
Dec 2018	136	699	46.59	4.19	$9,262
Nov 2018	272	691	52.93	4.24	$17,325
Oct 2018	140	735	61.44	3.40	$11,099
Sep 2018	121	703	59.54	3.11	$9,389
Aug 2018	111	463	59.40	3.07	$8,013
Jul 2018	116	583	65.14	2.93	$9,266
Jun 2018	187	611	60.18	3.08	$13,134
May 2018	116	518	65.38	2.90	$9,087
Apr 2018	124	519	63.84	2.90	$9,422
Mar 2018	125	615	61.22	2.79	$9,366
Feb 2018	232	541	61.78	2.77	$15,829
Jan 2018	238	564	62.87	4.01	$17,224
Dec 2017	118	579	57.27	2.92	$8,449
Nov 2017	135	446	55.42	3.12	$8,872
Oct 2017	127	575	49.29	2.98	$7,975
Sep 2017	143	574	47.52	3.09	$8,567
Aug 2017	283	613	45.37	3.00	$14,681
Jul 2017	131	597	43.87	3.09	$7,590
Jun 2017	107	569	42.49	3.09	$6,303
May 2017	233	659	45.37	3.26	$12,722
Apr 2017	119	623	47.93	3.21	$7,705
Mar 2017	38	707	46.77	2.98	$3,887
Feb 2017	124	629	50.45	2.95	$8,113
Jan 2017	248	704	49.41	3.42	$14,661
Dec 2016	243	691	48.76	3.72	$14,421
Nov 2016	119	737	42.49	2.64	$7,005
Oct 2016	237	717	46.19	3.09	$13,163
Sep 2016	84	795	41.55	3.10	$5,955
Aug 2016	248	786	41.44	2.92	$12,576
Jul 2016	121	742	41.62	2.92	$7,206
Jun 2016	242	708	45.35	2.69	$12,876
May 2016	125	618	42.52	1.99	$6,545
Apr 2016	129	646	36.56	1.99	$6,002
Mar 2016	240	668	33.01	1.79	$9,121
Feb 2016	192	477	26.47	2.06	$6,067
Jan 2016	87	596	27.35	2.36	$3,789
Dec 2015	190	628	32.36	2.00	$7,405
Nov 2015	235	658	38.79	2.17	$10,542
Oct 2015	217	712	43.55	2.43	$11,178
Sep 2015	197	858	42.99	2.76	$10,836
Aug 2015	272	1,066	40.16	2.87	$13,986
Jul 2015	281	863	48.15	2.95	$16,072
Jun 2015	133	775	56.15	2.88	$9,702
May 2015	142	799	55.21	2.96	$10,201
Apr 2015	228	859	49.82	2.71	$13,684
Mar 2015	200	840	42.89	2.93	$11,043
Feb 2015	244	767	44.66	2.98	$13,180
Jan 2015	113	567	43.43	3.10	$6,666
Dec 2014	238	739	54.69	3.59	$15,670
Nov 2014	133	637	70.46	4.25	$12,080
Oct 2014	360	758	78.30	3.90	$31,145
Sep 2014	131	603	86.16	4.05	$13,726
Aug 2014	263	602	89.39	4.04	$25,939
Jul 2014	370	702	96.56	4.18	$38,661
Jun 2014	120	603	98.16	4.74	$14,636
May 2014	124	611	94.73	4.73	$14,634
Apr 2014	257	564	95.94	4.81	$27,369
Mar 2014	264	483	95.89	5.06	$27,757
Feb 2014	132	501	97.40	6.19	$15,959
Jan 2014	382	457	90.40	4.86	$36,754
Dec 2013	250	472	91.82	4.35	$25,010
Nov 2013	240	604	88.85	3.74	$23,582
Oct 2013	337	619	97.42	3.78	$35,170
Sep 2013	102	126	104.11	3.72	$11,088
Aug 2013	207	117	104.25	3.52	$21,992
Jul 2013	219	175	102.52	3.72	$23,102
Jun 2013	110	232	94.40	3.93	$11,297
May 2013	216	122	94.83	4.15	$20,989
Apr 2013	212	112	93.96	4.28	$20,399
Mar 2013	206	119	93.62	3.91	$19,751
Feb 2013	206	98	91.23	3.42	$19,129
Jan 2013	205	74	91.60	3.42	$19,031
Dec 2012	197	70	86.77	3.42	$17,333
Nov 2012	301	53	86.95	3.62	$26,364
Oct 2012	109	92	89.38	3.40	$10,055
Sep 2012	216	143	94.67	2.92	$20,866
Aug 2012	108	189	92.66	2.91	$10,557
Jul 2012	223	225	85.13	3.02	$19,664
Jun 2012	229	129	79.82	2.52	$18,604
May 2012	238	156	91.61	2.49	$22,191
Apr 2012	357	211	101.65	2.00	$36,710
Mar 2012	260	230	105.05	2.22	$27,824
Feb 2012	216	220	101.10	2.57	$22,403
Jan 2012	215	197	98.09	2.73	$21,628
Dec 2011	220	209	96.87	3.24	$21,989
Nov 2011	216	217	95.72	3.31	$21,394
Oct 2011	121	219	84.98	3.65	$11,082
Sep 2011	277	203	83.62	3.99	$23,972
Aug 2011	134	209	83.40	4.15	$12,043
Jul 2011	234	268	94.14	4.52	$23,239
Jun 2011	222	221	92.90	4.64	$21,649
May 2011	221	251	98.13	4.40	$22,792
Apr 2011	224	239	105.96	4.33	$24,771
Mar 2011	267	191	96.36	4.06	$26,503
Feb 2011	111	22	85.64	4.18	$9,598
Jan 2011	228	230	86.50	4.59	$20,777
Dec 2010	360	248	85.73	4.35	$31,941
Nov 2010	122	217	80.84	3.80	$10,686
Oct 2010	372	274	78.10	3.51	$30,015
Sep 2010	252	275	72.63	3.98	$19,397
Aug 2010	232	227	73.68	4.42	$18,097
Jul 2010	232	281	72.55	4.74	$18,163
Jun 2010	217	275	70.36	4.91	$16,618
May 2010	312	304	71.12	4.24	$23,477
Apr 2010	207	320	81.69	4.12	$18,229
Mar 2010	312	382	78.39	4.39	$26,134
Feb 2010	199	286	73.58	5.44	$16,199
Jan 2010	280	323	74.36	5.96	$22,747
Dec 2009	268	368	71.44	5.48	$21,164
Nov 2009	153	331	74.59	3.75	$12,654
Oct 2009	166	251	72.54	4.11	$13,073
Sep 2009	98	255	65.54	3.06	$7,204
Aug 2009	167	279	67.42	3.22	$12,157
Jul 2009	112	349	61.13	3.46	$8,056
Jun 2009	0	389	66.16	3.90	$1,515
May 2009	76	299	54.74	3.93	$5,334
Apr 2009	321	376	46.77	3.59	$16,362
Mar 2009	342	369	42.14	4.06	$15,910
Feb 2009	375	341	32.81	4.63	$13,884
Jan 2009	448	475	35.86	5.37	$18,617
Dec 2008	632	450	37.10	5.98	$26,137
Nov 2008	499	403	55.49	6.86	$30,454
Oct 2008	651	413	75.24	6.92	$51,840
Sep 2008	473	331	101.76	7.88	$50,740
Aug 2008	635	522	114.22	8.48	$76,958
Jul 2008	466	507	131.08	11.39	$66,858
Jun 2008	600	503	131.33	13.03	$85,353
May 2008	594	595	123.17	11.57	$80,050
Apr 2008	640	809	110.31	10.45	$79,056
Mar 2008	818	991	101.90	9.66	$92,931
Feb 2008	826	959	92.53	8.77	$84,841
Jan 2008	1,143	1,423	90.38	8.21	$114,981
Dec 2007	1,349	1,609	88.33	7.30	$130,906
Nov 2007	1,029	911	91.67	7.29	$100,971
Oct 2007	1,145	803	82.85	6.92	$100,422
Sep 2007	427	510	75.84	6.24	$35,568
Aug 2007	229	303	69.06	6.39	$17,750
Jul 2007	217	354	70.90	6.39	$17,647
Jun 2007	337	411	62.00	7.55	$23,996
May 2007	392	832	58.74	7.85	$29,554
Apr 2007	531	750	59.61	7.81	$37,507
Mar 2007	564	351	56.92	7.30	$34,666
Feb 2007	42	39	55.10	8.22	$2,635
Jan 2007	37	46	50.30	6.73	$2,171
Dec 2006	0	52	56.65	6.92	$360
Nov 2006	59	27	54.20	7.62	$3,403
Oct 2006	63	63	54.90	6.01	$3,838
Sep 2006	36	67	60.08	5.04	$2,500
Aug 2006	18	65	68.71	7.34	$1,714
Jul 2006	16	54	69.37	6.34	$1,452
Jun 2006	29	40	66.28	6.38	$2,177
May 2006	32	62	66.01	6.42	$2,511
Apr 2006	0	178	64.39	7.36	$1,310
Mar 2006	0	196	56.70	7.08	$1,388
Feb 2006	42	188	57.59	7.75	$3,876
Jan 2006	71	214	60.59	8.93	$6,214
Dec 2005	60	218	54.94	13.42	$6,221
Nov 2005	57	218	54.69	10.59	$5,426
Oct 2005	51	226	58.34	13.80	$6,093
Sep 2005	44	204	61.45	12.08	$5,168
Aug 2005	50	192	61.51	9.80	$4,956
Jul 2005	0	182	55.69	7.84	$1,428
Jun 2005	79	212	52.33	7.38	$5,699
May 2005	34	228	45.22	6.65	$3,054
Apr 2005	70	235	49.20	7.36	$5,174
Mar 2005	54	285	50.37	7.15	$4,759
Feb 2005	248	281	45.22	6.31	$12,988
Jan 2005	195	310	43.16	6.32	$10,376
Dec 2004	13	420	39.86	6.75	$3,354

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                  460 bbl  × $ 55.05 =    $25,323
Casinghead gas       705 Mcf  × $  2.66 =     $1,873

────────────────────────────────────────────────────
Month total                                  $27,196

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/37489 is the state's own key, not one this site invented.