BAILEY -10-
BAILEY -10- is a Texas oil lease in Sterling County, Railroad Commission district 08, operated by Independence Resources MGMT, LLC. It has 10 wellbores on file with the Commission. Reported production runs from October 2019 to August 2026, totalling 5,853 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 $449K, with roughly $75K 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 55 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was July 2023, at 232 barrels. 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 -10-
- Who operates BAILEY -10-?
- BAILEY -10- is operated by Independence Resources MGMT, LLC, Railroad Commission of Texas operator number 423716.
- Where is BAILEY -10-?
- BAILEY -10- is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52673.
- Is BAILEY -10- still producing?
- BAILEY -10- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAILEY -10- is August 2026.
- How much has BAILEY -10- produced?
- BAILEY -10- has reported 5,853 barrels of oil (bbl) to the Railroad Commission of Texas between October 2019 and August 2026, from 10 wellbores.
- How much is BAILEY -10- worth?
- The remaining production from BAILEY -10- is estimated to be worth about $449K in total as of 26 August 2026, within a range of $247K to $651K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAILEY -10- is a fraction of it. The estimate fits an Arps decline curve to the production BAILEY -10- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAILEY -10- is an estimate of value, not an offer and not an appraisal.
- How much income does BAILEY -10- generate in a year?
- BAILEY -10- is forecast to net about $75K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BAILEY -10- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Independence Resources MGMT, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 52673 |
| Wellbores | 10 |
| Reported production | 5,853 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $449K |
Where BAILEY -10- 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.