BAILEY, ELBERT
BAILEY, ELBERT is a Texas oil lease in Wise County, Railroad Commission district 09, operated by Texaco E & P Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 29,264 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $31K, with roughly $5K expected over the next twelve months.
| Operator | Texaco E & P Inc. |
|---|---|
| Field | Morris (Consolidated Congl.) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 27305 |
| Wellbores | 1 |
| Reported production | 29,264 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $31K |
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.