BAILEY UNIT
BAILEY UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Enron Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from June 1994 to August 2026, totalling 811,248 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 $9K, with roughly $1K 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 44 thousand cubic feet a month. Its strongest month on the record we hold was December 2020, at 3,298 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 UNIT
- Who operates BAILEY UNIT?
- BAILEY UNIT is operated by Enron Oil & Gas Company, Railroad Commission of Texas operator number 253196.
- Where is BAILEY UNIT?
- BAILEY UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 150278.
- Is BAILEY UNIT still producing?
- BAILEY UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for BAILEY UNIT is August 2026.
- How much has BAILEY UNIT produced?
- BAILEY UNIT has reported 811,248 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 1994 and August 2026, from 1 wellbore.
- How much is BAILEY UNIT worth?
- The remaining production from BAILEY UNIT is estimated to be worth about $9K in total as of 26 August 2026, within a range of $5K to $13K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAILEY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BAILEY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAILEY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BAILEY UNIT generate in a year?
- BAILEY UNIT is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BAILEY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Enron Oil & Gas Company |
|---|---|
| Field | Carthage, S. (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 150278 |
| Wellbores | 1 |
| Reported production | 811,248 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $9K |
Where BAILEY UNIT 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.