BAILEY
BAILEY 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 March 2006 to August 2026, totalling 178,598 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 $17K, with roughly $2K 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 101 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 418 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 BAILEY
- Who operates BAILEY?
- BAILEY is operated by Approach Operating LLC, Railroad Commission of Texas operator number 028625.
- Where is BAILEY?
- BAILEY is a Texas gas lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 218766.
- Is BAILEY still producing?
- BAILEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAILEY is August 2026.
- How much has BAILEY produced?
- BAILEY has reported 178,598 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2006 and August 2026, from 1 wellbore.
- How much is BAILEY worth?
- The remaining production from BAILEY is estimated to be worth about $17K in total as of 26 August 2026, within a range of $13K to $20K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAILEY is a fraction of it. The estimate fits an Arps decline curve to the production BAILEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAILEY is an estimate of value, not an offer and not an appraisal.
- How much income does BAILEY generate in a year?
- BAILEY is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BAILEY 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 | 218766 |
| Wellbores | 1 |
| Reported production | 178,598 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $17K |
Where BAILEY 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.