BAILEY "W"

Name: BAILEY "W" lease production and value, Feb 2008 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by STANOLIND PRODUCTION LLC (P-5 813985) in the SUGG RANCH (CANYON DIST 08) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 38659District 08Field 87018550OilCasinghead gasSave Export

Value, all time

$2.5 M

Feb 2008 – Feb 2020

Value, last 12 filed months

$29 k

at the published price for each month

Months reported

145

no gaps in the span

Streams

oil, casinghead gas

The SUGG RANCH (CANYON DIST 08) 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 55 leases and 406 wells, and the rule below applies to all of them.

Discovered

1987-05-17

as the register files it

Field class

Oil and gas

the register's own label

Between wells

933 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 1991-11-04.

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	12,148 bbl	$876,831
Casinghead gas	Production	327,371 Mcf	$1,619,423
Total			$2,496,254

Wells on this lease (2)

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 31.6103, -101.1696. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

31.61028, -101.16963 · 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%

2 of 2 wells

With a plug date

0.0%

0 of 2 wells

Median depth

7,991 ft

2 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

2100.0%

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 7,975 and 8,006 ft, median 7,991 ft, over the 2 wells that filed a depth.

Completions filed

Feb 2008 – Feb 2009

2 of 2 wells

2 wells


42-43133254	906	8,006 ft	Feb 2009	—	Yes
42-43133219	806	7,975 ft	Feb 2008	—	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 (145)

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

145 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	40	651	55.05	2.66	$3,932
Aug 2019	19	721	53.11	2.30	$2,671
Jul 2019	19	801	56.27	2.46	$3,040
Jun 2019	36	912	52.78	2.49	$4,172
May 2019	68	803	58.48	2.74	$6,177
Apr 2019	25	682	62.63	2.75	$3,442
Mar 2019	56	783	56.80	3.06	$5,578
Feb 2019	54	723	50.85	2.79	$4,765
Jan 2019	66	681	46.03	3.23	$5,236
Dec 2018	96	794	46.59	4.19	$7,796
Nov 2018	45	817	52.93	4.24	$5,844
Oct 2018	41	718	61.44	3.40	$4,959
Sep 2018	28	752	59.54	3.11	$4,004
Aug 2018	14	928	59.40	3.07	$3,677
Jul 2018	31	1,006	65.14	2.93	$4,969
Jun 2018	20	1,266	60.18	3.08	$5,099
May 2018	45	1,159	65.38	2.90	$6,304
Apr 2018	50	1,030	63.84	2.90	$6,180
Mar 2018	24	1,207	61.22	2.79	$4,833
Feb 2018	38	864	61.78	2.77	$4,738
Jan 2018	63	1,116	62.87	4.01	$8,435
Dec 2017	31	1,225	57.27	2.92	$5,354
Nov 2017	34	1,141	55.42	3.12	$5,442
Oct 2017	31	1,359	49.29	2.98	$5,583
Sep 2017	34	1,666	47.52	3.09	$6,759
Aug 2017	29	1,346	45.37	3.00	$5,360
Jul 2017	28	1,773	43.87	3.09	$6,702
Jun 2017	26	1,617	42.49	3.09	$6,097
May 2017	59	1,625	45.37	3.26	$7,980
Apr 2017	27	1,574	47.93	3.21	$6,349
Mar 2017	66	1,577	46.77	2.98	$7,792
Feb 2017	48	2,156	50.45	2.95	$8,787
Jan 2017	31	1,465	49.41	3.42	$6,540
Dec 2016	33	1,802	48.76	3.72	$8,318
Nov 2016	69	1,683	42.49	2.64	$7,382
Oct 2016	39	2,319	46.19	3.09	$8,968
Sep 2016	39	2,178	41.55	3.10	$8,374
Aug 2016	71	2,210	41.44	2.92	$9,405
Jul 2016	58	1,920	41.62	2.92	$8,029
Jun 2016	102	2,571	45.35	2.69	$11,531
May 2016	94	2,307	42.52	1.99	$8,590
Apr 2016	75	1,922	36.56	1.99	$6,569
Mar 2016	81	2,587	33.01	1.79	$7,315
Feb 2016	98	2,878	26.47	2.06	$8,533
Jan 2016	88	2,404	27.35	2.36	$8,091
Dec 2015	173	2,318	32.36	2.00	$10,238
Nov 2015	0	1,732	38.79	2.17	$3,754
Oct 2015	101	1,014	43.55	2.43	$6,859
Sep 2015	29	862	42.99	2.76	$3,624
Aug 2015	32	771	40.16	2.87	$3,500
Jul 2015	47	831	48.15	2.95	$4,710
Jun 2015	19	487	56.15	2.88	$2,471
May 2015	6	465	55.21	2.96	$1,706
Apr 2015	16	670	49.82	2.71	$2,611
Mar 2015	37	963	42.89	2.93	$4,413
Feb 2015	16	1,036	44.66	2.98	$3,798
Jan 2015	17	1,191	43.43	3.10	$4,431
Dec 2014	33	1,041	54.69	3.59	$5,543
Nov 2014	17	1,005	70.46	4.25	$5,471
Oct 2014	17	1,970	78.30	3.90	$9,016
Sep 2014	10	1,164	86.16	4.05	$5,570
Aug 2014	0	1,361	89.39	4.04	$5,492
Jul 2014	24	1,258	96.56	4.18	$7,575
Jun 2014	47	1,042	98.16	4.74	$9,549
May 2014	49	999	94.73	4.73	$9,364
Apr 2014	52	1,199	95.94	4.81	$10,755
Mar 2014	67	1,567	95.89	5.06	$14,349
Feb 2014	0	1,112	97.40	6.19	$6,886
Jan 2014	70	1,429	90.40	4.86	$13,274
Dec 2013	61	1,689	91.82	4.35	$12,956
Nov 2013	56	764	88.85	3.74	$7,832
Oct 2013	0	1,046	97.42	3.78	$3,953
Sep 2013	33	1,103	104.11	3.72	$7,536
Aug 2013	56	1,772	104.25	3.52	$12,080
Jul 2013	53	1,505	102.52	3.72	$11,029
Jun 2013	53	1,663	94.40	3.93	$11,544
May 2013	58	1,356	94.83	4.15	$11,126
Apr 2013	0	1,225	93.96	4.28	$5,246
Mar 2013	60	1,566	93.62	3.91	$11,745
Feb 2013	96	1,578	91.23	3.42	$14,155
Jan 2013	71	1,448	91.60	3.42	$11,456
Dec 2012	0	1,364	86.77	3.42	$4,665
Nov 2012	77	1,778	86.95	3.62	$13,140
Oct 2012	48	2,154	89.38	3.40	$11,613
Sep 2012	78	1,866	94.67	2.92	$12,830
Aug 2012	49	2,043	92.66	2.91	$10,482
Jul 2012	29	2,016	85.13	3.02	$8,559
Jun 2012	75	2,088	79.82	2.52	$11,246
May 2012	25	2,187	91.61	2.49	$7,732
Apr 2012	52	2,276	101.65	2.00	$9,831
Mar 2012	57	2,140	105.05	2.22	$10,743
Feb 2012	36	1,415	101.10	2.57	$7,276
Jan 2012	74	1,723	98.09	2.73	$11,969
Dec 2011	47	1,825	96.87	3.24	$10,465
Nov 2011	45	2,056	95.72	3.31	$11,115
Oct 2011	72	2,193	84.98	3.65	$14,120
Sep 2011	52	2,394	83.62	3.99	$13,890
Aug 2011	51	2,197	83.40	4.15	$13,369
Jul 2011	51	2,159	94.14	4.52	$14,554
Jun 2011	102	2,432	92.90	4.64	$20,760
May 2011	56	2,472	98.13	4.40	$16,384
Apr 2011	105	2,326	105.96	4.33	$21,205
Mar 2011	49	2,448	96.36	4.06	$14,654
Feb 2011	102	1,982	85.64	4.18	$17,020
Jan 2011	51	2,353	86.50	4.59	$15,209
Dec 2010	108	2,549	85.73	4.35	$20,341
Nov 2010	122	2,435	80.84	3.80	$19,104
Oct 2010	34	2,956	78.10	3.51	$13,028
Sep 2010	108	2,823	72.63	3.98	$19,078
Aug 2010	138	3,266	73.68	4.42	$24,601
Jul 2010	96	3,229	72.55	4.74	$22,259
Jun 2010	56	3,213	70.36	4.91	$19,717
May 2010	171	3,523	71.12	4.24	$27,082
Apr 2010	27	3,302	81.69	4.12	$15,819
Mar 2010	146	3,624	78.39	4.39	$27,349
Feb 2010	112	3,150	73.58	5.44	$25,384
Jan 2010	55	3,785	74.36	5.96	$26,664
Dec 2009	140	3,923	71.44	5.48	$31,514
Nov 2009	177	3,971	74.59	3.75	$28,100
Oct 2009	118	4,737	72.54	4.11	$28,030
Sep 2009	203	4,110	65.54	3.06	$25,901
Aug 2009	169	4,572	67.42	3.22	$26,109
Jul 2009	197	4,890	61.13	3.46	$28,984
Jun 2009	234	4,734	66.16	3.90	$33,920
May 2009	275	5,664	54.74	3.93	$37,289
Apr 2009	505	6,093	46.77	3.59	$45,477
Mar 2009	607	6,930	42.14	4.06	$53,708
Feb 2009	559	5,284	32.81	4.63	$42,822
Jan 2009	56	4,888	35.86	5.37	$28,262
Dec 2008	104	3,948	37.10	5.98	$27,456
Nov 2008	114	5,413	55.49	6.86	$43,461
Oct 2008	91	5,934	75.24	6.92	$47,922
Sep 2008	140	5,102	101.76	7.88	$54,435
Aug 2008	123	5,223	114.22	8.48	$58,356
Jul 2008	75	6,266	131.08	11.39	$81,197
Jun 2008	252	6,656	131.33	13.03	$119,840
May 2008	198	8,441	123.17	11.57	$122,086
Apr 2008	553	8,920	110.31	10.45	$154,259
Mar 2008	541	10,373	101.90	9.66	$155,373
Feb 2008	516	5,636	92.53	8.77	$97,176

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                   40 bbl  × $ 55.05 =     $2,202
Casinghead gas       651 Mcf  × $  2.66 =     $1,730

────────────────────────────────────────────────────
Month total                                   $3,932

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/38659 is the state's own key, not one this site invented.