Texas oil lease · RRC district 08 · Lease 35303
Shut inBAILEY "12"
Bailey "12" is an oil lease in Sterling County, Texas, operated by P1 Energy, LLC in the Sugg Ranch field.
Oil lease dossier
- Operator
- P1 Energy, LLC
- County
- Sterling County
- Field
- Sugg Ranch
- RRC lease
- 08-35303
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Where it sits
This county
- Oil in Jun 2026
- 0 bbl
- Reporting to the state
- since Jan 2020
Production
Month by month, from the state record
No production to chart
Gas disposition
Where the gas went
No gas disposition reported for this lease
Operator history
Who has run this lease
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.
- P1 Energy, LLC Jan 2023 to Jun 2026
- Earthstone Operating, LLC Apr 2021 to Dec 2022
- Independence Resources Mgmt, LLC Jan 2020 to Mar 2021
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
Wells on this lease
No wells are linked to this lease in our data
Who buys and gathers
Who moves and buys this lease's production
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 May 1, 2022 · Targa Midstream Services LLC gathers it: 100% of it, on the list since Oct 1, 2011
Companies that used to be listed: Targa Midstream Services LLC (buys it, until May 1, 2022); Transoil Marketing, LLC (gathers it, until May 1, 2022); Targa Midstream Services LLC (buys it, until Mar 1, 2021); 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.
Unit and wells
640 acres on the newest permit
- Wells on the permits
- 33 not plugged
- Horizontal
- 0
- First completion
- Apr 21, 1997
- Latest permit
- Apr 8, 2020
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-431-32117 | 5S | Apr 8, 2020 | Apr 21, 1997 | 640 |
| 42-431-32263 | 8S | May 16, 1997 | May 18, 1997 | 640 |
| 42-431-31896 | 3S | May 6, 1997 | May 1, 1997 | 640 |
Estimator
Estimate your royalty for this lease
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 "12" sold each month.
For example 0.00097656, or a fraction like 1/1024.
Your estimate appears here
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|
| Jul 2026No report | – | – | $80.46 | $2.89 |
| Jun 2026P1 Energy, | 0 | 0 | $84.81 | $3.15 |
| May 2026P1 Energy, | 0 | 0 | $102.13 | $2.94 |
| Apr 2026P1 Energy, | 0 | 0 | $100.32 | $2.77 |
| Mar 2026P1 Energy, | 0 | 0 | $91.38 | $3.04 |
| Feb 2026P1 Energy, | 0 | 0 | $64.51 | $3.62 |
| Jan 2026P1 Energy, | 0 | 0 | $60.04 | $7.72 |
| Dec 2025P1 Energy, | 0 | 0 | $57.97 | $4.26 |
| Nov 2025P1 Energy, | 0 | 0 | $60.06 | $3.79 |
| Oct 2025P1 Energy, | 0 | 0 | $60.89 | $3.19 |
| Sep 2025P1 Energy, | 0 | 0 | $63.96 | $2.97 |
| Aug 2025P1 Energy, | 0 | 0 | $64.86 | $2.91 |
| Jul 2025P1 Energy, | 0 | 0 | $68.39 | $3.20 |
| Jun 2025P1 Energy, | 0 | 0 | $68.17 | $3.02 |
| May 2025P1 Energy, | 0 | 0 | $62.17 | $3.12 |
| Apr 2025P1 Energy, | 0 | 0 | $63.54 | $3.42 |
| Mar 2025P1 Energy, | 0 | 0 | $68.24 | $4.12 |
| Feb 2025P1 Energy, | 0 | 0 | $71.53 | $4.19 |
| Jan 2025P1 Energy, | 0 | 0 | $75.74 | $4.13 |
| Dec 2024P1 Energy, | 0 | 0 | $70.12 | $3.01 |
| Nov 2024P1 Energy, | 0 | 0 | $69.95 | $2.12 |
| Oct 2024P1 Energy, | 0 | 0 | $71.99 | $2.20 |
| Sep 2024P1 Energy, | 0 | 0 | $70.24 | $2.28 |
| Aug 2024P1 Energy, | 0 | 0 | $76.68 | $1.99 |
| Jul 2024P1 Energy, | 0 | 0 | $81.80 | $2.07 |
| Jun 2024P1 Energy, | 0 | 0 | $79.77 | $2.54 |
| May 2024P1 Energy, | 0 | 0 | $80.02 | $2.12 |
| Apr 2024P1 Energy, | 0 | 0 | $85.35 | $1.60 |
| Mar 2024P1 Energy, | 0 | 0 | $81.28 | $1.49 |
| Feb 2024P1 Energy, | 0 | 0 | $77.25 | $1.72 |
| Jan 2024P1 Energy, | 0 | 0 | $74.15 | $3.18 |
| Dec 2023P1 Energy, | 0 | 0 | $71.90 | $2.52 |
| Nov 2023P1 Energy, | 0 | 0 | $77.69 | $2.71 |
| Oct 2023P1 Energy, | 0 | 0 | $85.64 | $2.98 |
| Sep 2023P1 Energy, | 0 | 0 | $89.43 | $2.64 |
| Aug 2023P1 Energy, | 0 | 0 | $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).
Check your statements
Do your checks match this lease?
Upload your statements for BAILEY "12". We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask P1 Energy, LLC.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
P1 Energy, LLC in Sterling County
- TERRY, I. W.
6,264 bbl last 12 months
- PFLUGER -A-
1,774 bbl last 12 months
- SUGG "AA"
3,510 bbl last 12 months
- BAILEY -12-
2,425 bbl last 12 months
- BAILEY -16-
1,821 bbl last 12 months
Sugg Ranch field
No other producing leases in this field are in our data yet.
New drilling permits in Sterling County
We do not have coordinates for this lease, so these are the newest permits in its county.
DANA POINT #2H
new drill · horizontal · Ike Operating, LLC · Sterling County
Permit 0916959 · Jul 10, 2026
SAN MARINO #1H
new drill · horizontal · Ike Operating, LLC · Sterling County
Permit 0916958 · Jul 9, 2026
PARRAMORE #3
recompletion · Ampak Oil Company · Sterling County
Permit 0915133 · May 19, 2026
REED 'F' #2 U
reclass · Winn Operating, LLC · Sterling County
Permit 0910373 · Sep 18, 2025
FOSTER 60 #1A
recompletion · Kek Exploration LLC · Sterling County
Permit 0910105 · Aug 28, 2025
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 35303, 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.