E. L. BAILEY

Name: E. L. BAILEY 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 37538District 08Field 55279500Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$2.4 M

Dec 2004 – Mar 2020

Value, last 12 filed months

$21 k

at the published price for each month

Months reported

184

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	31,045 bbl	$1,942,906
Casinghead gas	Production	87,398 Mcf	$458,151
Total			$2,401,057

Wells on this lease (1)

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 31.5951, -101.1576. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.59505, -101.15757 · 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%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

7,950 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

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

The one well that filed a depth was drilled to 7,950 ft.

Completions filed

Dec 2004

1 of 1 wells

1 well


42-43132500	2	7,950 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 (184)

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

184 months


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	4	527	55.05	2.66	$1,621
Aug 2019	0	544	53.11	2.30	$1,254
Jul 2019	21	564	56.27	2.46	$2,569
Jun 2019	71	557	52.78	2.49	$5,135
May 2019	70	357	58.48	2.74	$5,072
Apr 2019	64	420	62.63	2.75	$5,164
Mar 2019	18	418	56.80	3.06	$2,302
Feb 2019	17	469	50.85	2.79	$2,174
Jan 2019	32	515	46.03	3.23	$3,135
Dec 2018	18	509	46.59	4.19	$2,969
Nov 2018	31	465	52.93	4.24	$3,611
Oct 2018	0	502	61.44	3.40	$1,706
Sep 2018	11	490	59.54	3.11	$2,178
Aug 2018	23	500	59.40	3.07	$2,899
Jul 2018	11	511	65.14	2.93	$2,215
Jun 2018	12	478	60.18	3.08	$2,193
May 2018	12	525	65.38	2.90	$2,307
Apr 2018	11	514	63.84	2.90	$2,193
Mar 2018	11	538	61.22	2.79	$2,173
Feb 2018	18	497	61.78	2.77	$2,487
Jan 2018	9	431	62.87	4.01	$2,294
Dec 2017	8	425	57.27	2.92	$1,700
Nov 2017	17	416	55.42	3.12	$2,239
Oct 2017	9	400	49.29	2.98	$1,637
Sep 2017	10	382	47.52	3.09	$1,655
Aug 2017	20	387	45.37	3.00	$2,070
Jul 2017	29	401	43.87	3.09	$2,510
Jun 2017	102	281	42.49	3.09	$5,202
May 2017	58	170	45.37	3.26	$3,186
Apr 2017	110	168	47.93	3.21	$5,812
Mar 2017	108	177	46.77	2.98	$5,579
Feb 2017	57	153	50.45	2.95	$3,327
Jan 2017	56	164	49.41	3.42	$3,328
Dec 2016	108	167	48.76	3.72	$5,888
Nov 2016	108	170	42.49	2.64	$5,038
Oct 2016	111	179	46.19	3.09	$5,680
Sep 2016	55	203	41.55	3.10	$2,915
Aug 2016	110	139	41.44	2.92	$4,965
Jul 2016	45	141	41.62	2.92	$2,285
Jun 2016	78	130	45.35	2.69	$3,886
May 2016	61	105	42.52	1.99	$2,803
Apr 2016	0	122	36.56	1.99	$243
Mar 2016	151	177	33.01	1.79	$5,302
Feb 2016	43	228	26.47	2.06	$1,609
Jan 2016	21	97	27.35	2.36	$804
Dec 2015	16	74	32.36	2.00	$666
Nov 2015	7	57	38.79	2.17	$395
Oct 2015	35	51	43.55	2.43	$1,648
Sep 2015	81	158	42.99	2.76	$3,918
Aug 2015	43	199	40.16	2.87	$2,299
Jul 2015	132	192	48.15	2.95	$6,921
Jun 2015	48	194	56.15	2.88	$3,254
May 2015	44	207	55.21	2.96	$3,041
Apr 2015	97	203	49.82	2.71	$5,382
Mar 2015	105	216	42.89	2.93	$5,137
Feb 2015	112	179	44.66	2.98	$5,535
Jan 2015	108	179	43.43	3.10	$5,245
Dec 2014	52	662	54.69	3.59	$5,221
Nov 2014	108	589	70.46	4.25	$10,114
Oct 2014	159	206	78.30	3.90	$13,253
Sep 2014	105	181	86.16	4.05	$9,779
Aug 2014	97	190	89.39	4.04	$9,438
Jul 2014	46	203	96.56	4.18	$5,290
Jun 2014	98	212	98.16	4.74	$10,624
May 2014	86	305	94.73	4.73	$9,588
Apr 2014	67	292	95.94	4.81	$7,832
Mar 2014	102	277	95.89	5.06	$11,182
Feb 2014	33	421	97.40	6.19	$5,821
Jan 2014	77	367	90.40	4.86	$8,745
Dec 2013	60	260	91.82	4.35	$6,641
Nov 2013	39	236	88.85	3.74	$4,347
Oct 2013	121	269	97.42	3.78	$12,804
Sep 2013	74	518	104.11	3.72	$9,630
Aug 2013	85	574	104.25	3.52	$10,883
Jul 2013	86	545	102.52	3.72	$10,843
Jun 2013	103	218	94.40	3.93	$10,581
May 2013	95	236	94.83	4.15	$9,988
Apr 2013	94	219	93.96	4.28	$9,770
Mar 2013	95	186	93.62	3.91	$9,622
Feb 2013	156	177	91.23	3.42	$14,837
Jan 2013	162	473	91.60	3.42	$16,457
Dec 2012	105	453	86.77	3.42	$10,660
Nov 2012	104	431	86.95	3.62	$10,605
Oct 2012	138	415	89.38	3.40	$13,745
Sep 2012	68	402	94.67	2.92	$7,611
Aug 2012	101	244	92.66	2.91	$10,068
Jul 2012	158	441	85.13	3.02	$14,783
Jun 2012	90	635	79.82	2.52	$8,783
May 2012	222	446	91.61	2.49	$21,447
Apr 2012	161	560	101.65	2.00	$17,484
Mar 2012	78	451	105.05	2.22	$9,196
Feb 2012	54	407	101.10	2.57	$6,505
Jan 2012	119	330	98.09	2.73	$12,575
Dec 2011	199	399	96.87	3.24	$20,570
Nov 2011	303	512	95.72	3.31	$30,699
Oct 2011	330	609	84.98	3.65	$30,265
Sep 2011	445	563	83.62	3.99	$39,455
Aug 2011	92	722	83.40	4.15	$10,669
Jul 2011	117	583	94.14	4.52	$13,648
Jun 2011	166	572	92.90	4.64	$18,075
May 2011	98	620	98.13	4.40	$12,348
Apr 2011	122	450	105.96	4.33	$14,877
Mar 2011	137	505	96.36	4.06	$15,250
Feb 2011	168	420	85.64	4.18	$16,143
Jan 2011	138	491	86.50	4.59	$14,190
Dec 2010	192	520	85.73	4.35	$18,721
Nov 2010	149	533	80.84	3.80	$14,068
Oct 2010	134	575	78.10	3.51	$12,483
Sep 2010	135	550	72.63	3.98	$11,994
Aug 2010	150	638	73.68	4.42	$13,872
Jul 2010	158	476	72.55	4.74	$13,717
Jun 2010	139	625	70.36	4.91	$12,849
May 2010	129	582	71.12	4.24	$11,639
Apr 2010	129	579	81.69	4.12	$12,925
Mar 2010	207	593	78.39	4.39	$18,829
Feb 2010	94	550	73.58	5.44	$9,910
Jan 2010	144	480	74.36	5.96	$13,571
Dec 2009	98	708	71.44	5.48	$10,884
Nov 2009	108	680	74.59	3.75	$10,607
Oct 2009	67	653	72.54	4.11	$7,544
Sep 2009	62	632	65.54	3.06	$6,000
Aug 2009	61	603	67.42	3.22	$6,053
Jul 2009	69	558	61.13	3.46	$6,151
Jun 2009	70	558	66.16	3.90	$6,805
May 2009	110	625	54.74	3.93	$8,475
Apr 2009	92	607	46.77	3.59	$6,480
Mar 2009	121	664	42.14	4.06	$7,794
Feb 2009	147	561	32.81	4.63	$7,422
Jan 2009	160	688	35.86	5.37	$9,433
Dec 2008	151	569	37.10	5.98	$9,003
Nov 2008	157	636	55.49	6.86	$13,075
Oct 2008	151	651	75.24	6.92	$15,867
Sep 2008	74	529	101.76	7.88	$11,697
Aug 2008	73	664	114.22	8.48	$13,971
Jul 2008	78	659	131.08	11.39	$17,730
Jun 2008	72	500	131.33	13.03	$15,972
May 2008	77	487	123.17	11.57	$15,121
Apr 2008	99	686	110.31	10.45	$18,093
Mar 2008	69	781	101.90	9.66	$14,579
Feb 2008	86	853	92.53	8.77	$15,439
Jan 2008	66	903	90.38	8.21	$13,375
Dec 2007	84	943	88.33	7.30	$14,305
Nov 2007	93	735	91.67	7.29	$13,885
Oct 2007	92	1,023	82.85	6.92	$14,703
Sep 2007	43	1,059	75.84	6.24	$9,874
Aug 2007	43	860	69.06	6.39	$8,463
Jul 2007	75	1,184	70.90	6.39	$12,881
Jun 2007	112	1,168	62.00	7.55	$15,761
May 2007	122	868	58.74	7.85	$13,977
Apr 2007	152	969	59.61	7.81	$16,624
Mar 2007	114	810	56.92	7.30	$12,403
Feb 2007	116	882	55.10	8.22	$13,638
Jan 2007	280	1,124	50.30	6.73	$21,645
Dec 2006	544	1,109	56.65	6.92	$38,490
Nov 2006	437	1,336	54.20	7.62	$33,862
Oct 2006	484	1,630	54.90	6.01	$36,374
Sep 2006	416	1,259	60.08	5.04	$31,335
Aug 2006	383	1,316	68.71	7.34	$35,975
Jul 2006	457	1,445	69.37	6.34	$40,867
Jun 2006	329	1,109	66.28	6.38	$28,886
May 2006	442	720	66.01	6.42	$33,802
Apr 2006	363	288	64.39	7.36	$25,493
Mar 2006	594	519	56.70	7.08	$37,356
Feb 2006	961	759	57.59	7.75	$61,227
Jan 2006	546	229	60.59	8.93	$35,128
Dec 2005	313	263	54.94	13.42	$20,724
Nov 2005	437	283	54.69	10.59	$26,896
Oct 2005	367	303	58.34	13.80	$25,591
Sep 2005	132	286	61.45	12.08	$11,566
Aug 2005	55	13	61.51	9.80	$3,510
Jul 2005	93	7	55.69	7.84	$5,234
Jun 2005	966	269	52.33	7.38	$52,536
May 2005	1,131	635	45.22	6.65	$55,367
Apr 2005	1,213	649	49.20	7.36	$64,457
Mar 2005	1,895	657	50.37	7.15	$100,152
Feb 2005	1,986	544	45.22	6.31	$93,241
Jan 2005	2,087	601	43.16	6.32	$93,875
Dec 2004	330	289	39.86	6.75	$15,105

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                    4 bbl  × $ 55.05 =       $220
Casinghead gas       527 Mcf  × $  2.66 =     $1,400

────────────────────────────────────────────────────
Month total                                   $1,621

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/37538 is the state's own key, not one this site invented.