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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 48206

Shut in

BAILEY

Bailey is an oil lease in Reeves County, Texas, operated by Halcon Operating Co., Inc. in the Hoefs T-K (Wolfcamp) field. The Railroad Commission shows 206 mcf of gas in the 12 months through Jul 2026.

Gas well dossier · 4 wells

206mcf gas, last 12 months
Operator
Halcon Operating Co., Inc.
County
Reeves County
Field
Hoefs T-K (Wolfcamp)
RRC lease
08-48206

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Where it sits

This county

Reeves CountyReevesWinklerWardLovingReeves County
Reeves County · RRC district 08Open Reeves County →
Gas in Jul 2026
0 mcf
Reporting to the state
since Jan 2020
Wells
4
Data through
Jul 2026

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Gas output over the last 12 months

206 mcf in the 12 months through Jul 2026, against 0 mcf in the 12 months before.

  • Gas (bars, left axis)
  • Last 12 months
Gas output over the last 12 monthsMonthly gas production for BAILEY, Aug 2023 to Jul 2026. Gas output over the last 12 months. 206 mcf in the 12 months through Jul 2026, against 0 mcf in the 12 months before.Last 12 months: 206 mcfmcf per month0255075100125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output over the last 12 monthsMonthly gas production for BAILEY, Aug 2023 to Jul 2026. Gas output over the last 12 months. 206 mcf in the 12 months through Jul 2026, against 0 mcf in the 12 months before.Last 12 monthsmcf per month0255075100125Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 48206, district 08. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

All of the gas went to lease fuel in the 2 months reported

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to lease fuel in the 2 months reportedShare of BAILEY gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel in the 2 months reported. Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to lease fuel in the 2 months reportedShare of BAILEY gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel in the 2 months reported. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 48206, district 08. Reported through Jul 2026.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

None of the gas was flared in the 2 months reported.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

Halcon Operating Co., Inc. has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeHalcon Operating Co., Inc., Jan 2020 to Jul 20262020202120222023202420252026Halcon Operating Co., Inc.Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeHalcon Operating Co., Inc., Jan 2020 to Jul 20262020202120222023202420252026Halcon Operating Co., Inc.Jan 2020 to nowthrough Jul 2026

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

4 wells on this lease

Every well the Railroad Commission links to oil lease 48206 in district 08. The API number is the state’s ID for a well.
Wells on BAILEY
API numberWell no.Status
42-389-334931HShut-in
42-389-33498302Shut-in
42-389-345982HActive
42-389-372864HActive

SourceTexas Railroad Commission Wellbore Query, district 08, lease 48206.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Etp Crude LLC, Energy Transfer Marketing & Term and Permian Crude Transport, LP gather it.

    Etp Crude LLC gathers it: 80% of it, on the list since Dec 6, 2016 · Energy Transfer Marketing & Term gathers it: 10% of it, on the list since Dec 1, 2022 · Permian Crude Transport, LP gathers it: 10% of it, on the list since Dec 6, 2016

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Oct 31, 2017 · Energy Transfer Company gathers it: 100% of it, on the list since Oct 31, 2017

Companies that used to be listed: Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Dec 1, 2022).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

1,295.60 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
44 not plugged
Horizontal
3
First completion
May 5, 2013
Latest permit
Sep 6, 2019
Wells and acres on the permits for Bailey
API numberWell no.Acreson the permit
42-389-345982H1,295.60
42-389-372864H1,295.60
42-389-334931H1,295.60
42-389-334983021,295.60

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says BAILEY sold each month.

For example 0.00097656, or a fraction like 1/1024.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Gas sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for BAILEY
MonthGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Halcon Operating000$80.46$2.89
Jun 2026Halcon Operating000$84.81$3.15
May 2026Halcon Operating000$102.13$2.94
Apr 2026Halcon Operating000$100.32$2.77
Mar 2026Halcon Operating000$91.38$3.04
Feb 2026Halcon Operating000$64.51$3.62
Jan 2026Halcon Operating000$60.04$7.72
Dec 2025Halcon Operating000$57.97$4.26
Nov 2025Halcon Operating000$60.06$3.79
Oct 2025Halcon Operating000$60.89$3.19
Sep 2025Halcon Operating11000$63.96$2.97
Aug 2025Halcon Operating9600$64.86$2.91
Jul 2025Halcon Operating000$68.39$3.20
Jun 2025Halcon Operating000$68.17$3.02
May 2025Halcon Operating000$62.17$3.12
Apr 2025Halcon Operating000$63.54$3.42
Mar 2025Halcon Operating000$68.24$4.12
Feb 2025Halcon Operating000$71.53$4.19
Jan 2025Halcon Operating000$75.74$4.13
Dec 2024Halcon Operating000$70.12$3.01
Nov 2024Halcon Operating000$69.95$2.12
Oct 2024Halcon Operating000$71.99$2.20
Sep 2024Halcon Operating000$70.24$2.28
Aug 2024Halcon Operating000$76.68$1.99
Jul 2024Halcon Operating000$81.80$2.07
Jun 2024Halcon Operating000$79.77$2.54
May 2024Halcon Operating000$80.02$2.12
Apr 2024Halcon Operating000$85.35$1.60
Mar 2024Halcon Operating000$81.28$1.49
Feb 2024Halcon Operating000$77.25$1.72
Jan 2024Halcon Operating000$74.15$3.18
Dec 2023Halcon Operating000$71.90$2.52
Nov 2023Halcon Operating000$77.69$2.71
Oct 2023Halcon Operating000$85.64$2.98
Sep 2023Halcon Operating000$89.43$2.64
Aug 2023Halcon Operating000$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorHalcon Operating Co., Inc.FieldHoefs T-K (Wolfcamp)CountyReeves County

Halcon Operating Co., Inc. in Reeves County

  • BAILEY

    71,935 mcf last 12 months

  • BAILEY

    89,204 mcf last 12 months

  • BAILEY

    86,588 mcf last 12 months

All Halcon Operating Co., Inc. leases →

Hoefs T-K (Wolfcamp) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Gas sold” volume for the month the check covers and multiply it by your decimal. The answer should match the mcf on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 48206, district 08, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.