BAILEY 939
BAILEY 939 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 3 wellbores on file with the Commission. Reported production runs from March 2009 to August 2026, totalling 161,368 barrels. 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 $1.4M, with roughly $275K 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 382 barrels a month, about 127 per wellbore. Its strongest month on the record we hold was May 2016, at 1,020 barrels. 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 939
- Who operates BAILEY 939?
- BAILEY 939 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is BAILEY 939?
- BAILEY 939 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07987.
- Is BAILEY 939 still producing?
- BAILEY 939 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAILEY 939 is August 2026.
- How much has BAILEY 939 produced?
- BAILEY 939 has reported 161,368 barrels of oil (bbl) to the Railroad Commission of Texas between March 2009 and August 2026, from 3 wellbores.
- How much is BAILEY 939 worth?
- The remaining production from BAILEY 939 is estimated to be worth about $1.4M in total as of 27 August 2026, within a range of $1.1M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAILEY 939 is a fraction of it. The estimate fits an Arps decline curve to the production BAILEY 939 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAILEY 939 is an estimate of value, not an offer and not an appraisal.
- How much income does BAILEY 939 generate in a year?
- BAILEY 939 is forecast to net about $275K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BAILEY 939 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Holmes Exploration, LLC |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 07987 |
| Wellbores | 3 |
| Reported production | 161,368 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where BAILEY 939 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.