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Texas oil lease

Producing

BAILEY

Bailey is an oil lease in Gaines County, Texas, operated by Crescent Energy Operating, LLC in the Tex-Mex, Se. (Wichita Albany) field.

21 wells

9,714bbl oil, last 12 months−8% vs prior year
Operator
Crescent Energy Operating, LLC
County
Gaines County
Field
Tex-Mex, Se. (Wichita Albany)
RRC lease
8A-65655

946 royalty accounts on the county roll

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Gas, last 12 months
45,598 mcf
Oil in Aug 2026
807 bbl
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  • Operator

    Operator changed: Crescent Energy Operating, LLC took over from Contango Resources, LLC in Nov 2025.

  • P-5

    The previous operator's P-5 registration is listed as inactive since May 1, 2026 (last P-5 filed Feb 20, 2025).

SourceRailroad Commission production, P-5 and P-4 records, data through Aug 2026.

See why checks stop on this lease

Wells on this lease and around it

Where the state's map puts this lease's 21 wells, and what has been drilled or permitted within about 2 miles of them.
Map of the Bailey lease in Gaines County, Texas: its 21 wells ringed, among 266 wells and 0 recent drilling locations in a picture about 8 miles across.
  • This lease21Its wells, ringed on the map: all producing
  • Drilling locations0Permits issued in the last two years
  • Producing wells181On a lease reporting production now
  • Not producing69Shut in, inactive or no lease on record
  • Plugged16The state's wellbore record says plugged

The 21 ringed dots are this lease's wells, each where the Railroad Commission's map puts it. The other dots are wells and drilling permits of the last 24 months on the land around it; the counts are for everything in the picture, which is about 8 miles across. The thin brown lines are the original land surveys; where there is room, a survey carries its abstract number, the number deeds and division orders cite. Sources: Railroad Commission of Texas well layers, drilling permit files and survey lines, base map from USGS The National Map.

See the whole Texas well map

A one-page map of this lease to print, for a lawyer, a buyer or a probate file.

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You may show this map on any site, unchanged. Keep the credit line and its link to Royalty Clerk under the map. The picture updates by itself as the state records new wells and permits.

Download the picture (WebP)
<a href="https://royaltyclerk.com/texas/leases/bailey-8a-65655"><img src="https://royaltyclerk.com/maps/lease-wells/bailey-8a-65655.svg" alt="Map of the Bailey lease in Gaines County, Texas: its 21 wells ringed, among 266 wells and 0 recent drilling locations in a picture about 8 miles across." width="1000" height="951" loading="lazy" style="max-width:100%;height:auto;border:0"></a>
<p style="margin:4px 0 0;font-size:14px">Map: <a href="https://royaltyclerk.com/texas/leases/bailey-8a-65655">Wells on the Bailey lease, Gaines County, Texas</a> by Royalty Clerk, from Railroad Commission of Texas records</p>

Other leases named Bailey

3 leases share this name in district 8A. The Railroad Commission gives each gas well its own number and each oil lease another, so one unit often shows up as several of these.

Production by month

Oil output fell 8% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for BAILEY, Sep 2023 to Aug 2026. Oil output fell 8% over the last 12 months. 9,714 bbl in the 12 months through Aug 2026, against 10,524 bbl in the 12 months before.Last 12 months: 9,714 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for BAILEY, Sep 2023 to Aug 2026. Oil output fell 8% over the last 12 months. 9,714 bbl in the 12 months through Aug 2026, against 10,524 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

From the state record

What owners ask about Bailey

When is the check for August 2026 due?
August 2026 is the newest month the state has posted for this lease. Texas law gives the payor until 60 days after the end of the sale month for oil and 90 for gas: the oil by Oct 30, 2026, unless the lease sets another time.
Source: Railroad Commission production reports; Texas Natural Resources Code §91.402.
See your next three checks
Which Texas production tax rate applies?
The Texas Comptroller lists low producing leases for this lease, from Feb 1, 2016. Its file does not give the rate, so we compare your stub with the full 4.6%. That is for August 2026.
Source: Texas Comptroller, approved severance tax exemptions.
Check the tax on your stub
Who buys the oil and gas?
Oil: Enterprise Crude Oil LLC and Enterprise Crude Pipeline LLC gather it. Gas from oil wells: Dcp Operating Company, LP buys and gathers it. The buyer's price is what a royalty check is figured on.
Source: Railroad Commission Form P-4, gatherers and purchasers.
See every buyer and past buyers
How many 1099s should an owner expect for 2025?
Two companies filed this lease's reports behind 2025 checks: Contango Resources, LLC and Crescent Energy Operating, LLC. An owner paid by more than one of them gets a form from each. The operator is not always the company that pays, so go by the names on the stubs.
Source: Railroad Commission production reports, operator of record by month.
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Free tools, already on this lease

Ask a question about Bailey

33 years of state records, 1993–2026

BAILEY since 1993

We read every monthly report the Railroad Commission holds, back to January 1993, and this lease was already producing then. It filed 404 monthly reports through August 2026.

Sold since 1993

$95.6 million

What the whole lease’s oil and gas sold for at each month’s public prices, before tax and the operator’s deductions. A royalty owner’s share is their decimal of it.

A relative owned a share? See what it earned after they died
Oil sold
1,235,932 bbl
Gas sold
5,114,807 mcf
Best year
2008$10.6 million sold
Last report
Aug 2026First: Jan 1993

Its best year was 2008: $10.6 million of oil and gas sold

Each bar is what the lease’s oil and gas sold for that year, at that month’s prices. 2026 is only part of a year in the records, drawn lighter.

  • Oil
  • Gas
Its best year was 2008: $10.6 million of oil and gas soldBailey: oil and gas sold each year from 1993 to 2026, at each month's prices. Its best year was 2008: $10.6 million of oil and gas sold.Sold each year, at each month’s prices$0$2.5M$5M$7.5M$10M$13MPeak 2008: $11M'93'95'00'05'10'15'20'26
Its best year was 2008: $10.6 million of oil and gas soldBailey: oil and gas sold each year from 1993 to 2026, at each month's prices. Its best year was 2008: $10.6 million of oil and gas sold.Sold each year, at each month’s prices$0$2.5M$5M$7.5M$10M$13MPeak 2008: $11M'93'00'05'10'15'20'26

SourceTexas Railroad Commission Production Data Query, every monthly report since January 1993; EIA monthly WTI and Henry Hub prices (before 1997, EIA's yearly Texas natural gas wellhead price), through August 2026.

Every year as a table
Bailey: oil and gas sold each year
YearMonthsOil sold, bblGas sold, mcfSold for
2026 *86,6800$557,547
2025129,89330,329$762,982
20241212,87751,210$1,111,794
20231214,112132,542$1,422,203
20221217,169102,615$2,268,605
20211219,38913,434$1,378,512
20201218,20241,964$815,634
20191220,921107,680$1,474,660
20181222,682144,432$1,929,197
20171227,981169,908$1,929,175
20161233,020190,767$1,886,967
20151240,091197,323$2,474,579
20141247,515245,275$5,565,503
20131249,418254,687$5,789,014
20121255,719267,181$5,980,525
20111278,967338,782$8,887,687
20101253,015285,344$5,459,659
20091259,048329,668$4,894,407
20081275,310349,617$10,623,004
20071269,360255,394$6,803,094
20061267,463225,865$5,970,574
20051271,075159,494$5,344,854
20041238,47899,809$2,304,883
20031218,44583,338$1,015,221
20021220,36297,231$844,360
20011225,875107,932$1,071,785
20001221,96280,648$1,004,705
19991224,95187,746$676,357
19981228,95996,096$619,679
19971236,345110,527$1,027,690
19961240,008113,788$1,155,752
19951236,592114,407$859,432
19941235,050116,478$820,178
19931238,998113,296$953,502

* Part of the year: the records run through August 2026.

Where the gas went

Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission line

Flaring peaked at 72.7% of the gas in Dec 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission lineShare of BAILEY gas by disposition code each month, Sep 2023 to Aug 2026. Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 72.7% of the gas in Dec 2025.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2025: line to fuelFlared 72.7%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission lineShare of BAILEY gas by disposition code each month, Sep 2023 to Aug 2026. Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission line. Flaring peaked at 72.7% of the gas in Dec 2025.Share of gas by disposition code0%50%100%Jul 25: line to fuelFlared 72.7%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

  • Lease fuel (1)

    59% · 26,998 mcf

  • Flared (4)

    41% · 18,600 mcf

40.8% of the gas flared in the last 12 months. 30 months above 3%.

Who has run this lease

The operator changed 4 times, most recently in Nov 2025

Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Nov 2021; Contango Resources, Inc., Dec 2021 to Dec 2021; Contango Resources, LLC, Jan 2022 to Oct 2025; Crescent Energy Operating, LLC, Nov 2025 to Aug 20262020202120222023202420252026Changed Apr 2020Changed Dec 2021Changed Jan 2022Changed Nov 2025Sheridan Production Company,…Jan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Nov 2021Contango Resources, Inc.Dec 2021 to Dec 2021Contango Resources, LLCJan 2022 to Oct 2025Crescent Energy Operating, LLCNov 2025 to now
Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Nov 2021; Contango Resources, Inc., Dec 2021 to Dec 2021; Contango Resources, LLC, Jan 2022 to Oct 2025; Crescent Energy Operating, LLC, Nov 2025 to Aug 20262020202120222023202420252026Changed Apr 2020Changed Dec 2021Changed Jan 2022Changed Nov 2025Sheridan Production Company, LLCJan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Nov 2021Contango Resources, Inc.Dec 2021 to Dec 2021Contango Resources, LLCJan 2022 to Oct 2025Crescent Energy Operating, LLCNov 2025 to now

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

21 wells on this lease

Wells on BAILEY
API numberWellStatusCompleted
42-165-33495Bailey 2ActiveMar 21, 1986
42-165-33573Bailey 3ActiveJan 1, 1987
42-165-33611Bailey 4ActiveMay 14, 1987
42-165-35002Bailey 5ActiveJul 26, 1996
42-165-36155Bailey 6ActiveAug 31, 2004
42-165-36156Bailey 7ActiveAug 21, 2004
42-165-36236Bailey 8ActiveDec 23, 2004
42-165-36237Bailey 9ActiveJan 7, 2005
42-165-36241Bailey 10ActiveJan 21, 2005
42-165-36381Bailey 11ActiveOct 26, 2005
42-165-36385Bailey 13Shut inDec 1, 2005
42-165-36438Bailey 16ActiveJan 20, 2006
42-165-37213Bailey 18Shut inOct 5, 2010
42-165-37221Bailey 20ActiveDec 26, 2010
42-165-37226Bailey 19Shut inJan 1, 2011
42-165-37257Bailey 24ActiveFeb 22, 2011
42-165-37263Bailey 21Shut inJul 17, 2011
42-165-37265Bailey 22ActiveJul 7, 2011
42-165-37266Bailey 23ActiveAug 1, 2011
42-165-37368Bailey 25ActiveSep 4, 2011
42-165-37568Bailey 27ActiveMay 22, 2012

SourceTexas Railroad Commission production records and full wellbore file.

Other leases on these wells

The Railroad Commission files the same API numbers under one more lease too: a well keeps its number when it moves into a unit or is recompleted under another lease. A deed older than the unit may name one of them.

  • Bailey, Gaines County · 4 shared wells

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers50Apr 2, 2025–
Enterprise Crude Pipeline LLCOilGathers50Apr 2, 2025–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Enterprise Crude Pipeline LLCOilGathers100Feb 26, 2013Apr 2, 2025

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

Who buys my oilOil price check

560 acres on the newest permit

  • Good to know

    25 well completions are on file for this lease

    The count is of completions in the wellbore records, so a well completed more than once is counted each time. Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Bailey
API numberWell no.Acreson the permit
42-165-3638212560
42-165-3721217560
42-165-3739326560
42-165-3756827560
42-165-3736825560
42-165-3726623560
42-165-3726522560
42-165-3726321560
42-165-3725724560
42-165-3722619560
42-165-3722120560
42-165-3721318560

SourceRailroad Commission drilling permits, Oct 31, 2026 (source 1, source 2).

Unit decimal checker

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY).
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
Q3 2026$84.52SEC filing
Q1 2026$71.00SEC filing
Q4 2025$62.21SEC filing
Q3 2025$63.07SEC filing
Q2 2025$61.47SEC filing
Q1 2025$67.64SEC filing

SourceCrescent Energy Company quarterly reports, SEC EDGAR, company-wide averages before hedging.

On the Gaines County roll

Gaines County Appraisal District

2026 roll
Owners
136
Accounts
1,077
Appraised in all
$345k$345,317

Accounts by interest

  • Royalty946
  • Overriding royalty122
  • Working interest9

SourceGaines County Appraisal District, 2026 mineral roll (source), read Oct 7, 2026. Accounts matched to this lease by RRC number or lease name; no owner is named.

Estimate your royalty

36 months, newest first

Ledger for BAILEY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Aug 2026Crescent Energy8077953,57701,550$83.90$2.78
Jul 2026Crescent Energy8088333,57801,550$80.46$2.89
Jun 2026Crescent Energy9408953,46301,550$84.81$3.15
May 2026Crescent Energy6807643,13601,550$102.13$2.94
Apr 2026Crescent Energy9458963,46601,550$100.32$2.77
Mar 2026Crescent Energy8588303,58101,550$91.38$3.04
Feb 2026Crescent Energy8899113,23501,550$64.51$3.62
Jan 2026Crescent Energy7567562,77401,550$60.04$7.72
Dec 2025Crescent Energy2052832,13301,550$57.97$4.26
Nov 2025Crescent Energy8778175,49101,550$60.06$3.79
Oct 2025Contango Resources,1,0381,0415,67401,550$60.89$3.19
Sep 2025Contango Resources,9119025,49001,550$63.96$2.97
Aug 2025Contango Resources,1,2621,2815,67201,550$64.86$2.91
Jul 2025Contango Resources,9439145,7331851,550$68.39$3.20
Jun 2025Contango Resources,7608065,9204,6461,274$68.17$3.02
May 2025Contango Resources,8378296,6922,2331,550$62.17$3.12
Apr 2025Contango Resources,7848317,1214,3381,550$63.54$3.42
Mar 2025Contango Resources,8798236,5736,472101$68.24$4.12
Feb 2025Contango Resources,7487156,7906,7900$71.53$4.19
Jan 2025Contango Resources,6616515,6655,6650$75.74$4.13
Dec 2024Contango Resources,8969607,6194,8721,550$70.12$3.01
Nov 2024Contango Resources,9449137,0545,9581,096$69.95$2.12
Oct 2024Contango Resources,9339357,5645,8571,550$71.99$2.20
Sep 2024Contango Resources,8778727,9307,9300$70.24$2.28
Aug 2024Contango Resources,1,1521,1998,2677,448819$76.68$1.99
Jul 2024Contango Resources,1,0981,0635,0771,6621,550$81.80$2.07
Jun 2024Contango Resources,8858925,0171,7111,550$79.77$2.54
May 2024Contango Resources,1,2351,2707,2021,3711,550$80.02$2.12
Apr 2024Contango Resources,1,2481,2388,1583,2471,550$85.35$1.60
Mar 2024Contango Resources,1,3521,3587,3911,8171,550$81.28$1.49
Feb 2024Contango Resources,1,2321,2696,9061,6361,550$77.25$1.72
Jan 2024Contango Resources,9579088,6657,701964$74.15$3.18
Dec 2023Contango Resources,1,4071,37714,83814,202636$71.90$2.52
Nov 2023Contango Resources,1,3841,40516,01115,770241$77.69$2.71
Oct 2023Contango Resources,1,2271,19615,74315,7430$85.64$2.98
Sep 2023Contango Resources,1358515,59514,642953$89.43$2.64

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Aug 2026. Prices: EIA, through Oct 2026. Updated Oct 30, 2026.

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Nearby

This lease belongs to

OperatorCrescent Energy Operating, LLCFieldTex-Mex, Se. (Wichita Albany)CountyGaines County

Crescent Energy Operating, LLC in Gaines County

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Tex-Mex, Se. (Wichita Albany) field

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Newest in the county: this lease has no coordinates.