BAILEYS

Name: BAILEYS lease production and value, Apr 1999 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by STRAT LAND EXPLORATION COMPANY (P-5 825420) in the HALLCROFT (MORROW LOWER) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 173505District 10Field 382325002 tax incentive programmesCondensateGasSave Export

Value, all time

$1.8 M

Apr 1999 – Nov 2015

Value, last 12 filed months

at the published price for each month

Months reported

200

no gaps in the span

Streams

condensate, gas

The HALLCROFT (MORROW LOWER) 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 3 leases and 3 wells, and the rule below applies to all of them.

Discovered

1999-01-03

as the register files it

Field class

Gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 0 acres. The field rule took effect on 2000-12-05.

The Commission's schedule remark for this field reads: “EFF. 12-5-2000.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2004-02-11	155379
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
Condensate	Disposition	359 bbl	$14,673
Gas	Production	456,821 Mcf	$1,825,282
Total			$1,839,955

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 36.1042, -100.1304. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.10421, -100.13040 · 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

11,450 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 11,450 ft.

Completions filed

Sep 2013

1 of 1 wells

1 well


42-29532482	1	11,450 ft	Sep 2013	—	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 (200)

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

200 months


Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	257	104.25	3.52	$905
Jul 2013	0	249	102.52	3.72	$926
Jun 2013	0	286	94.40	3.93	$1,125
May 2013	0	468	94.83	4.15	$1,942
Apr 2013	0	79	93.96	4.28	$338
Mar 2013	0	195	93.62	3.91	$763
Feb 2013	0	271	91.23	3.42	$927
Jan 2013	0	341	91.60	3.42	$1,166
Dec 2012	0	670	86.77	3.42	$2,292
Nov 2012	0	790	86.95	3.62	$2,864
Oct 2012	0	795	89.38	3.40	$2,703
Sep 2012	0	538	94.67	2.92	$1,570
Aug 2012	94	690	92.66	2.91	$10,717
Jul 2012	0	677	85.13	3.02	$2,045
Jun 2012	0	634	79.82	2.52	$1,597
May 2012	0	1,030	91.61	2.49	$2,563
Apr 2012	0	1,651	101.65	2.00	$3,297
Mar 2012	0	1,947	105.05	2.22	$4,326
Feb 2012	0	1,346	101.10	2.57	$3,460
Jan 2012	0	3,059	98.09	2.73	$8,364
Dec 2011	0	3,193	96.87	3.24	$10,344
Nov 2011	0	333	95.72	3.31	$1,103
Oct 2011	0	3,928	84.98	3.65	$14,331
Sep 2011	0	489	83.62	3.99	$1,949
Aug 2011	0	280	83.40	4.15	$1,162
Jul 2011	0	828	94.14	4.52	$3,740
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	7	85.73	4.35	$30
Nov 2010	0	6	80.84	3.80	$23
Oct 2010	0	715	78.10	3.51	$2,509
Sep 2010	0	2,312	72.63	3.98	$9,201
Aug 2010	0	898	73.68	4.42	$3,969
Jul 2010	0	1,799	72.55	4.74	$8,521
Jun 2010	0	168	70.36	4.91	$825
May 2010	0	8	71.12	4.24	$34
Apr 2010	0	7	81.69	4.12	$29
Mar 2010	0	12	78.39	4.39	$53
Feb 2010	0	1	73.58	5.44	$5
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	558	71.44	5.48	$3,060
Nov 2009	0	50	74.59	3.75	$188
Oct 2009	0	95	72.54	4.11	$390
Sep 2009	0	138	65.54	3.06	$423
Aug 2009	0	225	67.42	3.22	$724
Jul 2009	0	98	61.13	3.46	$340
Jun 2009	0	138	66.16	3.90	$538
May 2009	0	285	54.74	3.93	$1,119
Apr 2009	0	20	46.77	3.59	$72
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	68	0	35.86	5.37	$2,438
Dec 2008	0	2,027	37.10	5.98	$12,116
Nov 2008	0	297	55.49	6.86	$2,038
Oct 2008	0	214	75.24	6.92	$1,481
Sep 2008	0	61	101.76	7.88	$481
Aug 2008	0	173	114.22	8.48	$1,468
Jul 2008	0	261	131.08	11.39	$2,973
Jun 2008	0	1,206	131.33	13.03	$15,717
May 2008	0	1,114	123.17	11.57	$12,894
Apr 2008	0	15	110.31	10.45	$157
Mar 2008	0	3	101.90	9.66	$29
Feb 2008	0	5	92.53	8.77	$44
Jan 2008	0	5	90.38	8.21	$41
Dec 2007	0	3,290	88.33	7.30	$24,023
Nov 2007	0	2,286	91.67	7.29	$16,669
Oct 2007	0	73	82.85	6.92	$505
Sep 2007	0	264	75.84	6.24	$1,648
Aug 2007	0	498	69.06	6.39	$3,181
Jul 2007	0	188	70.90	6.39	$1,201
Jun 2007	0	891	62.00	7.55	$6,726
May 2007	0	693	58.74	7.85	$5,437
Apr 2007	0	451	59.61	7.81	$3,520
Mar 2007	0	73	56.92	7.30	$533
Feb 2007	0	167	55.10	8.22	$1,372
Jan 2007	0	308	50.30	6.73	$2,072
Dec 2006	0	479	56.65	6.92	$3,314
Nov 2006	0	263	54.20	7.62	$2,003
Oct 2006	0	954	54.90	6.01	$5,737
Sep 2006	0	1,552	60.08	5.04	$7,818
Aug 2006	0	1,514	68.71	7.34	$11,113
Jul 2006	0	1,341	69.37	6.34	$8,506
Jun 2006	0	1,607	66.28	6.38	$10,259
May 2006	0	1,719	66.01	6.42	$11,045
Apr 2006	0	1,190	64.39	7.36	$8,759
Mar 2006	0	1,002	56.70	7.08	$7,097
Feb 2006	0	1,126	57.59	7.75	$8,728
Jan 2006	0	1,120	60.59	8.93	$10,005
Dec 2005	0	1,270	54.94	13.42	$17,038
Nov 2005	0	1,957	54.69	10.59	$20,722
Oct 2005	0	2,050	58.34	13.80	$28,281
Sep 2005	0	2,041	61.45	12.08	$24,653
Aug 2005	0	2,273	61.51	9.80	$22,268
Jul 2005	0	2,573	55.69	7.84	$20,182
Jun 2005	0	2,133	52.33	7.38	$15,744
May 2005	0	3,084	45.22	6.65	$20,512
Apr 2005	0	3,099	49.20	7.36	$22,810
Mar 2005	0	2,368	50.37	7.15	$16,943
Feb 2005	0	583	45.22	6.31	$3,680
Jan 2005	0	1,182	43.16	6.32	$7,473
Dec 2004	0	2,604	39.86	6.75	$17,580
Nov 2004	0	3,376	45.28	6.33	$21,372
Oct 2004	0	3,857	49.70	6.52	$25,129
Sep 2004	0	4,728	43.24	5.28	$24,982
Aug 2004	0	6,848	42.37	5.55	$38,011
Jul 2004	0	4,687	38.28	6.08	$28,517
Jun 2004	0	6	36.10	6.43	$39
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	393	34.47	5.86	$2,302
Mar 2004	0	1,170	34.36	5.53	$6,470
Feb 2004	0	1,233	32.45	5.51	$6,793
Jan 2004	0	1,585	32.03	6.30	$9,985
Dec 2003	0	1,283	30.26	6.30	$8,085
Nov 2003	0	1,088	28.80	4.60	$5,000
Oct 2003	0	1,447	28.17	4.76	$6,887
Sep 2003	0	1,178	26.31	4.75	$5,595
Aug 2003	0	1,370	29.76	5.13	$7,028
Jul 2003	0	1,407	29.41	5.17	$7,275
Jun 2003	0	1,878	28.56	5.98	$11,236
May 2003	0	3,242	26.59	5.97	$19,363
Apr 2003	0	3,030	26.67	5.41	$16,384
Mar 2003	0	2,489	31.14	6.10	$15,173
Feb 2003	0	1,722	33.48	7.93	$13,648
Jan 2003	0	1,514	30.31	5.58	$8,451
Dec 2002	0	1,689	26.91	4.85	$8,198
Nov 2002	0	1,989	24.66	4.14	$8,228
Oct 2002	0	2,469	26.46	4.23	$10,442
Sep 2002	0	2,376	27.44	3.64	$8,637
Aug 2002	0	3,378	25.96	3.16	$10,689
Jul 2002	0	2,664	24.58	3.06	$8,157
Jun 2002	0	1,376	23.73	3.34	$4,593
May 2002	0	1,578	24.66	3.58	$5,656
Apr 2002	0	2,101	23.65	3.51	$7,379
Mar 2002	0	2,022	22.00	3.10	$6,274
Feb 2002	0	1,500	18.22	2.38	$3,564
Jan 2002	0	1,972	17.17	2.38	$4,685
Dec 2001	0	1,516	16.93	2.36	$3,584
Nov 2001	0	2,107	18.07	2.41	$5,068
Oct 2001	0	2,700	19.78	2.53	$6,828
Sep 2001	0	2,820	24.26	2.25	$6,349
Aug 2001	0	2,032	24.87	3.05	$6,204
Jul 2001	0	329	23.93	3.20	$1,052
Jun 2001	0	606	24.56	3.82	$2,317
May 2001	0	2,009	25.52	4.31	$8,653
Apr 2001	0	3,653	24.68	5.34	$19,490
Mar 2001	0	4,273	24.54	5.38	$22,974
Feb 2001	0	4,824	27.75	5.77	$27,820
Jan 2001	0	3,798	27.47	8.40	$31,898
Dec 2000	0	3,460	26.88	9.12	$31,564
Nov 2000	0	4,772	32.21	5.66	$27,000
Oct 2000	0	5,182	31.23	5.15	$26,664
Sep 2000	0	4,910	31.87	5.19	$25,466
Aug 2000	0	5,058	29.64	4.54	$22,967
Jul 2000	0	5,750	28.53	4.09	$23,516
Jun 2000	0	5,005	29.30	4.40	$22,008
May 2000	0	5,968	27.26	3.68	$21,961
Apr 2000	0	6,634	24.51	3.12	$20,672
Mar 2000	0	9,016	28.42	2.86	$25,784
Feb 2000	0	4,882	27.62	2.73	$13,311
Jan 2000	0	7,501	25.27	2.48	$18,606
Dec 1999	0	6,472	24.28	2.42	$15,686
Nov 1999	0	7,906	23.19	2.43	$19,243
Oct 1999	0	9,313	20.98	2.80	$26,111
Sep 1999	0	13,206	21.75	2.62	$34,585
Aug 1999	0	19,539	19.26	2.88	$56,186
Jul 1999	197	27,638	17.89	2.37	$69,092
Jun 1999	0	19,651	15.94	2.36	$46,418
May 1999	0	45,661	15.79	2.32	$105,980
Apr 1999	0	45,774	15.10	2.21	$101,071

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.

Aug 2013 — as filed, then multipliedworked

Condensate             0 bbl  × $104.25 =         $0
Gas                  257 Mcf  × $  3.52 =       $905

────────────────────────────────────────────────────
Month total                                     $905

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. 10/G/173505 is the state's own key, not one this site invented.