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Texas oil lease

Producing

BAILEY -12-

Bailey -12- is an oil lease in Sterling County, Texas, operated by P1 Energy, LLC in the Spraberry (Trend Area) field.

Oil lease dossier

2,425bbl oil, last 12 months−28% vs prior year
Operator
P1 Energy, LLC
County
Sterling County
Field
Spraberry (Trend Area)
RRC lease
08-53560

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Where it sits

This county

Sterling CountySterlingTom GreenMitchellNolanGlasscockHowardCokeSterling County
Sterling County
Gas, last 12 months
13,031 mcf
Oil in Jun 2026
194 bbl

Production by month

Oil output fell 28% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for BAILEY -12-, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 2,216 bbl in the 12 months through Jul 2026, against 3,095 bbl in the 12 months before.Last 12 months: 2,216 bblbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for BAILEY -12-, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 2,216 bbl in the 12 months through Jul 2026, against 3,095 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a processing plant in the last 12 months

All of the gas went to a processing plant in the last 12 monthsShare of BAILEY -12- 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 -12- 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, through Jul 2026.

Who has run this lease

The operator changed 2 times, most recently in Jan 2023

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, through Jul 2026.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Bml, Inc. BOilGathers100May 1, 2022–
Targa Midstream Services LLCCasinghead gasBuys100Oct 1, 2019–
Targa Midstream Services LLCCasinghead gasGathers100Oct 1, 2019–
Transoil Marketing, LLCOilGathers100Mar 1, 2021May 1, 2022
Rio Energy International, Inc.OilGathers5Oct 1, 2019Mar 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers95Oct 1, 2019Mar 1, 2021

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

640 acres on the newest permit

14 wells are listed on this lease

Permits for Bailey -12-
API numberWell no.Acreson the permit
42-431-321175S640
42-431-322627640
42-431-3246815640
42-431-319274640
42-431-3241111640
42-431-3244514640
42-431-3241010640
42-431-3242313640
42-431-320506640
42-431-3246916640
42-431-322638640
42-431-318963640

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for BAILEY -12-
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026P1 Energy,1941858088080$84.81$3.15
May 2026P1 Energy,2653701,1651,1650$102.13$2.94
Apr 2026P1 Energy,14107647640$100.32$2.77
Mar 2026P1 Energy,1191866496490$91.38$3.04
Feb 2026P1 Energy,2111789709700$64.51$3.62
Jan 2026P1 Energy,1991791,0651,0650$60.04$7.72
Dec 2025P1 Energy,2223541,2201,2200$57.97$4.26
Nov 2025P1 Energy,2311771,2341,2340$60.06$3.79
Oct 2025P1 Energy,2201731,2381,2380$60.89$3.19
Sep 2025P1 Energy,1923701,2381,2380$63.96$2.97
Aug 2025P1 Energy,22201,3341,3340$64.86$2.91
Jul 2025P1 Energy,2093651,3461,3460$68.39$3.20
Jun 2025P1 Energy,2111771,3031,3030$68.17$3.02
May 2025P1 Energy,2281741,3711,3710$62.17$3.12
Apr 2025P1 Energy,2293471,2641,2640$63.54$3.42
Mar 2025P1 Energy,2613561,5601,5600$68.24$4.12
Feb 2025P1 Energy,2673541,3051,3050$71.53$4.19
Jan 2025P1 Energy,34101,3771,3770$75.74$4.13
Dec 2024P1 Energy,2993561,3781,3780$70.12$3.01
Nov 2024P1 Energy,2751851,4691,4690$69.95$2.12
Oct 2024P1 Energy,2753511,4631,4630$71.99$2.20
Sep 2024P1 Energy,2481691,3731,3730$70.24$2.28
Aug 2024P1 Energy,2523561,4751,4750$76.68$1.99
Jul 2024P1 Energy,751751,4711,4710$81.80$2.07
Jun 2024P1 Energy,4453791,3951,3950$79.77$2.54
May 2024P1 Energy,2761931,4991,4990$80.02$2.12
Apr 2024P1 Energy,2301701,3701,3700$85.35$1.60
Mar 2024P1 Energy,2473861,5051,5050$81.28$1.49
Feb 2024P1 Energy,2361641,3761,3760$77.25$1.72
Jan 2024P1 Energy,2673771,4951,4950$74.15$3.18
Dec 2023P1 Energy,2851861,5671,5670$71.90$2.52
Nov 2023P1 Energy,2803571,5801,5800$77.69$2.71
Oct 2023P1 Energy,1721821,3301,3300$85.64$2.98
Sep 2023P1 Energy,1551881,4361,4360$89.43$2.64
Aug 2023P1 Energy,1773561,6871,6870$81.39$2.58

No report filed

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

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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New drilling permits in Sterling County

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