J. R. BAILEY EST "B"
J. R. BAILEY EST "B" is a Texas gas lease in Crockett County, Railroad Commission district 7C, operated by Approach Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2005 to August 2026, totalling 199,385 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $25K, with roughly $3K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 150 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 489 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about J. R. BAILEY EST "B"
- Who operates J. R. BAILEY EST "B"?
- J. R. BAILEY EST "B" is operated by Approach Operating LLC, Railroad Commission of Texas operator number 028625.
- Where is J. R. BAILEY EST "B"?
- J. R. BAILEY EST "B" is a Texas gas lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 214306.
- Is J. R. BAILEY EST "B" still producing?
- J. R. BAILEY EST "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for J. R. BAILEY EST "B" is August 2026.
- How much has J. R. BAILEY EST "B" produced?
- J. R. BAILEY EST "B" has reported 199,385 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2005 and August 2026, from 1 wellbore.
- How much is J. R. BAILEY EST "B" worth?
- The remaining production from J. R. BAILEY EST "B" is estimated to be worth about $25K in total as of 26 August 2026, within a range of $19K to $30K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in J. R. BAILEY EST "B" is a fraction of it. The estimate fits an Arps decline curve to the production J. R. BAILEY EST "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for J. R. BAILEY EST "B" is an estimate of value, not an offer and not an appraisal.
- How much income does J. R. BAILEY EST "B" generate in a year?
- J. R. BAILEY EST "B" is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in J. R. BAILEY EST "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Approach Operating LLC |
|---|---|
| Field | Ozona, Ne. (Canyon 7520) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 214306 |
| Wellbores | 1 |
| Reported production | 199,385 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $25K |
Where J. R. BAILEY EST "B" sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.