BAILEY, ELBERT
BAILEY, ELBERT is a Texas oil lease in Wise County, Railroad Commission district 09, operated by Texaco E & P Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 29,264 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 $1.3M, with roughly $194K 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 113 barrels a month. Its strongest month on the record we hold was June 2025, at 206 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, ELBERT
- Who operates BAILEY, ELBERT?
- BAILEY, ELBERT is operated by Texaco E & P Inc., Railroad Commission of Texas operator number 844118.
- Where is BAILEY, ELBERT?
- BAILEY, ELBERT is a Texas oil lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 27305.
- Is BAILEY, ELBERT still producing?
- BAILEY, ELBERT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAILEY, ELBERT is August 2026.
- How much has BAILEY, ELBERT produced?
- BAILEY, ELBERT has reported 29,264 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BAILEY, ELBERT worth?
- The remaining production from BAILEY, ELBERT is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAILEY, ELBERT is a fraction of it. The estimate fits an Arps decline curve to the production BAILEY, ELBERT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAILEY, ELBERT is an estimate of value, not an offer and not an appraisal.
- How much income does BAILEY, ELBERT generate in a year?
- BAILEY, ELBERT is forecast to net about $194K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BAILEY, ELBERT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texaco E & P Inc. |
|---|---|
| Field | Morris (Consolidated Congl.) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 27305 |
| Wellbores | 1 |
| Reported production | 29,264 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where BAILEY, ELBERT 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.