BAILEY
BAILEY is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2006 to August 2026, totalling 1,861,751 thousand cubic feet. The lease is intermittent. 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 $258K, with roughly $84K 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 7,658 thousand cubic feet a month. Its strongest month on the record we hold was March 2025, at 17,745 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is BAILEY?
- BAILEY is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 219370.
- Is BAILEY still producing?
- BAILEY is intermittent. 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 1,861,751 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2006 and August 2026, from 1 wellbore.
- How much is BAILEY worth?
- The remaining production from BAILEY is estimated to be worth about $258K in total as of 27 August 2026, within a range of $214K to $302K. 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 $84K across the whole undivided lease over the twelve months following 27 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 | Holmes Exploration, LLC |
|---|---|
| Field | Kiowa Creek (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 219370 |
| Wellbores | 1 |
| Reported production | 1,861,751 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $258K |
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.