BAYS
BAYS is a Texas gas lease in Erath County, Railroad Commission district 7B, operated by Palmigo Oil Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 238,561 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 $173K, with roughly $29K 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 922 thousand cubic feet a month. Its strongest month on the record we hold was January 2019, at 1,381 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 BAYS
- Who operates BAYS?
- BAYS is operated by Palmigo Oil Co., Railroad Commission of Texas operator number 637375.
- Where is BAYS?
- BAYS is a Texas gas lease in Erath County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 092353.
- Is BAYS still producing?
- BAYS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAYS is August 2026.
- How much has BAYS produced?
- BAYS has reported 238,561 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BAYS worth?
- The remaining production from BAYS is estimated to be worth about $173K in total as of 26 August 2026, within a range of $135K to $211K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAYS is a fraction of it. The estimate fits an Arps decline curve to the production BAYS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAYS is an estimate of value, not an offer and not an appraisal.
- How much income does BAYS generate in a year?
- BAYS is forecast to net about $29K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BAYS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Palmigo Oil Co. |
|---|---|
| Field | Byrnes (Duffer) |
| County | Erath County, Texas |
| RRC district | 7B |
| Lease number | 092353 |
| Wellbores | 1 |
| Reported production | 238,561 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $173K |
Where BAYS 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.