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Royalty Clerk

Texas oil lease · RRC district 08 · Lease 52673

Producing

BAILEY -10-

Bailey -10- is an oil lease in Sterling County, Texas, operated by P1 Energy, LLC in the Spraberry (Trend Area) field. The Railroad Commission shows 689 bbl of oil in the 12 months through Jun 2026.

Oil lease dossier · 10 wells

689bbl oil, last 12 months+12% vs prior year
Operator
P1 Energy, LLC
County
Sterling County
Field
Spraberry (Trend Area)
RRC lease
08-52673

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Where it sits

This county

Sterling CountySterlingTom GreenMitchellNolanGlasscockHowardCokeSterling County
Sterling County · RRC district 08Open Sterling County →
Gas, last 12 months
8,936 mcf
Oil in Jun 2026
34 bbl
Reporting to the state
since Jan 2020
Wells
10

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).

Oil output rose 12% over the last 12 months

639 bbl in the 12 months through Jul 2026, against 573 bbl in the 12 months before. Jul 2026 was not reported. A red cross marks each one.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 12% over the last 12 monthsMonthly oil production and gas for BAILEY -10-, Aug 2023 to Jul 2026. Oil output rose 12% over the last 12 months. 639 bbl in the 12 months through Jul 2026, against 573 bbl in the 12 months before.Last 12 months: 639 bblbbl per monthmcf per month002525050500757501001,0001251,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 12% over the last 12 monthsMonthly oil production and gas for BAILEY -10-, Aug 2023 to Jul 2026. Oil output rose 12% over the last 12 months. 639 bbl in the 12 months through Jul 2026, against 573 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002525050500757501001,0001251,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 52673, 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 a processing plant in the last 12 months

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

All of the gas went to a processing plant in the last 12 monthsShare of BAILEY -10- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a processing plant in the last 12 monthsShare of BAILEY -10- gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a processing plant in the last 12 months. Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 52673, district 08. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

None of the gas was flared in the last 12 months.

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.

The operator changed 2 times, most recently in Jan 2023

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeIndependence Resources Mgmt, LLC, Jan 2020 to Mar 2021; Earthstone Operating, LLC, Apr 2021 to Dec 2022; P1 Energy, LLC, Jan 2023 to Jun 20262020202120222023202420252026Changed Apr 2021Changed Jan 2023Independence Resources Mgmt,…Jan 2020 to Mar 2021Earthstone Operating, LLCApr 2021 to Dec 2022P1 Energy, LLCJan 2023 to now
Operators of this lease over timeIndependence Resources Mgmt, LLC, Jan 2020 to Mar 2021; Earthstone Operating, LLC, Apr 2021 to Dec 2022; P1 Energy, LLC, Jan 2023 to Jun 20262020202120222023202420252026Changed Apr 2021Changed Jan 2023Independence Resources Mgmt, LLCJan 2020 to Mar 2021Earthstone Operating, LLCApr 2021 to Dec 2022P1 Energy, LLCJan 2023 to now

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

Wells

10 wells on this lease

Every well the Railroad Commission links to oil lease 52673 in district 08. The API number is the state’s ID for a well.
Wells on BAILEY -10-
API numberWell no.Status
42-431-318631Active
42-431-319193Shut-in
42-431-319264Active
42-431-321436Shut-in
42-431-321947Active
42-431-322298Active
42-431-3240910Active
42-431-3245712Active
42-431-3255216AActive
42-431-3272917Active

SourceTexas Railroad Commission Wellbore Query, district 08, lease 52673.

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

    Bml, Inc. B gathers it.

    100% of it, on the list since May 1, 2022

  • Gas from oil wells

    Targa Midstream Services LLC buys and gathers it.

    Targa Midstream Services LLC buys it: 100% of it, on the list since Oct 1, 2019 · Targa Midstream Services LLC gathers it: 100% of it, on the list since Oct 1, 2019

Companies that used to be listed: Transoil Marketing, LLC (gathers it, until May 1, 2022); Rio Energy International, Inc. (gathers it, until Mar 1, 2021); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Mar 1, 2021).

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

640 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
1010 not plugged
Horizontal
0
First completion
Oct 5, 1987
Latest permit
Aug 21, 2006

The wells on this lease state different acreage

The permits state between 584 and 640 acres. Use the acres from your own division order for the well you are paid on.

10 wells are listed on this lease

Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Wells and acres on the permits for Bailey -10-
API numberWell no.Acreson the permit
42-431-319193640
42-431-3245712584
42-431-319264640
42-431-3272917584
42-431-3255216A584
42-431-3240910640
42-431-322298640
42-431-321947640
42-431-321436640
42-431-318631640

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 -10- sold each month.

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

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

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. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for BAILEY -10-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026P1 Energy,3407197190$84.81$3.15
May 2026P1 Energy,501669049040$102.13$2.94
Apr 2026P1 Energy,6101,0821,0820$100.32$2.77
Mar 2026P1 Energy,6508608600$91.38$3.04
Feb 2026P1 Energy,671446916910$64.51$3.62
Jan 2026P1 Energy,6306246240$60.04$7.72
Dec 2025P1 Energy,751647767760$57.97$4.26
Nov 2025P1 Energy,11507377370$60.06$3.79
Oct 2025P1 Energy,461656196190$60.89$3.19
Sep 2025P1 Energy,4605845840$63.96$2.97
Aug 2025P1 Energy,1706236230$64.86$2.91
Jul 2025P1 Energy,501717177170$68.39$3.20
Jun 2025P1 Energy,5406686680$68.17$3.02
May 2025P1 Energy,005455450$62.17$3.12
Apr 2025P1 Energy,211624904900$63.54$3.42
Mar 2025P1 Energy,5505915910$68.24$4.12
Feb 2025P1 Energy,6005805800$71.53$4.19
Jan 2025P1 Energy,6905415410$75.74$4.13
Dec 2024P1 Energy,8105275270$70.12$3.01
Nov 2024P1 Energy,581755915910$69.95$2.12
Oct 2024P1 Energy,4606626620$71.99$2.20
Sep 2024P1 Energy,4107067060$70.24$2.28
Aug 2024P1 Energy,381597557550$76.68$1.99
Jul 2024P1 Energy,4404414410$81.80$2.07
Jun 2024P1 Energy,5104584580$79.77$2.54
May 2024P1 Energy,5004894890$80.02$2.12
Apr 2024P1 Energy,401805245240$85.35$1.60
Mar 2024P1 Energy,5305365360$81.28$1.49
Feb 2024P1 Energy,6605055050$77.25$1.72
Jan 2024P1 Energy,801695535530$74.15$3.18
Dec 2023P1 Energy,8905435430$71.90$2.52
Nov 2023P1 Energy,731645035030$77.69$2.71
Oct 2023P1 Energy,7505045040$85.64$2.98
Sep 2023P1 Energy,01655095090$89.43$2.64
Aug 2023P1 Energy,007097090$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

OperatorP1 Energy, LLCFieldSpraberry (Trend Area)CountySterling County

P1 Energy, LLC in Sterling County

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Spraberry (Trend Area) field

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

Why is the newest month Jun 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 52673, 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.