BAILEY -32- A
BAILEY -32- A is a Texas oil lease in Sterling County, Railroad Commission district 08, operated by Ip Petroleum Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 1998 to August 2026, totalling 21,782 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 $290K, with roughly $50K 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 49 barrels a month. Its strongest month on the record we hold was July 2023, at 334 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 -32- A
- Who operates BAILEY -32- A?
- BAILEY -32- A is operated by Ip Petroleum Company, Inc., Railroad Commission of Texas operator number 425801.
- Where is BAILEY -32- A?
- BAILEY -32- A is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 35777.
- Is BAILEY -32- A still producing?
- BAILEY -32- A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAILEY -32- A is August 2026.
- How much has BAILEY -32- A produced?
- BAILEY -32- A has reported 21,782 barrels of oil (bbl) to the Railroad Commission of Texas between April 1998 and August 2026, from 1 wellbore.
- How much is BAILEY -32- A worth?
- The remaining production from BAILEY -32- A is estimated to be worth about $290K in total as of 27 August 2026, within a range of $159K to $420K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAILEY -32- A is a fraction of it. The estimate fits an Arps decline curve to the production BAILEY -32- A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAILEY -32- A is an estimate of value, not an offer and not an appraisal.
- How much income does BAILEY -32- A generate in a year?
- BAILEY -32- A is forecast to net about $50K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BAILEY -32- A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ip Petroleum Company, Inc. |
|---|---|
| Field | Northern Lights (Strawn) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 35777 |
| Wellbores | 1 |
| Reported production | 21,782 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $290K |
Where BAILEY -32- A 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.