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Royalty Clerk

Texas oil lease · RRC district 8A · Lease 65655

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. The Railroad Commission shows 10,169 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 21 wells

10,169bbl oil, last 12 months−2% vs prior year
Operator
Crescent Energy Operating, LLC
County
Gaines County
Field
Tex-Mex, Se. (Wichita Albany)
RRC lease
8A-65655

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Where it sits

This county

Gaines CountyGainesYoakumDawsonTerryGaines County
Gaines County · RRC district 8AOpen Gaines County →
Gas, last 12 months
47,693 mcf
Oil in Jul 2026
808 bbl
Reporting to the state
since Jan 2020
Wells
21

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 held steady over the last 12 months

10,169 bbl in the 12 months through Jul 2026, against 10,414 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for BAILEY, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 10,169 bbl in the 12 months through Jul 2026, against 10,414 bbl in the 12 months before.Last 12 months: 10,169 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for BAILEY, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 10,169 bbl in the 12 months through Jul 2026, against 10,414 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, oil lease 65655, district 8A. 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.

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

Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. 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, Aug 2023 to Jul 2026. Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission line. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. 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, Aug 2023 to Jul 2026. Since Jul 2025 the lease's gas goes to lease fuel instead of a transmission line. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not. 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, gas disposition by code, lease 65655, district 8A. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

Lease fuel (1)

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

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

Over the last 12 months, 39.0% of the gas was flared. 30 months went above 3%, which we mark in the ledger below.

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 4 times, most recently in Nov 2025

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 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 Jul 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 Jul 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, operator by month. Reported through Jul 2026.

Wells

21 wells on this lease

Every well the Railroad Commission links to oil lease 65655 in district 8A. The API number is the state’s ID for a well.
Wells on BAILEY
API numberWell no.Status
42-165-334952Active
42-165-335733Active
42-165-336114Active
42-165-350025Active
42-165-361556Active
42-165-361567Active
42-165-362368Active
42-165-362379Active
42-165-3624110Active
42-165-3638111Active
42-165-3638513Shut-in
42-165-3643816Active
42-165-3721318Shut-in
42-165-3722120Active
42-165-3722619Shut-in
42-165-3725724Active
42-165-3726321Shut-in
42-165-3726522Active
42-165-3726623Active
42-165-3736825Active
42-165-3756827Active

SourceTexas Railroad Commission Wellbore Query, district 8A, lease 65655.

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

    Enterprise Crude Oil LLC and Enterprise Crude Pipeline LLC gather it.

    Enterprise Crude Oil LLC gathers it: 50% of it, on the list since Apr 2, 2025 · Enterprise Crude Pipeline LLC gathers it: 50% of it, on the list since Apr 2, 2025

  • Gas from oil wells

    Dcp Operating Company, LP buys and gathers it.

    Dcp Operating Company, LP buys it: 100% of it, on the list since Apr 1, 2017 · Dcp Operating Company, LP gathers it: 100% of it, on the list since Apr 1, 2017

Companies that used to be listed: Enterprise Crude Pipeline LLC (gathers it, until Apr 2, 2025).

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

560 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
2525 not plugged
Horizontal
0
First completion
Jan 15, 1986
Latest permit
Jun 30, 2023

25 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
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 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

What the operator reported

What Crescent Energy Company told investors it received

Crescent Energy Operating, LLC is linked to Crescent Energy Company (CRGY). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
Realized prices reported by Crescent Energy Company
QuarterOil$ per bblFiling
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
Q4 2024$67.51SEC filing

SourceCrescent Energy Company quarterly reports on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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Estimator

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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.

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

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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 “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for BAILEY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
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
Aug 2023Contango Resources,41250711,46310,568895$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

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

Crescent Energy Operating, LLC in Gaines County

All Crescent Energy Operating, LLC leases →

Tex-Mex, Se. (Wichita Albany) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • TM "D"

    0 bbl last 12 months · 0.2 km away

  • BAILEY

    947 bbl last 12 months · 0.3 km away

  • ALLEY "A"

    13,606 bbl last 12 months · 0.4 km away

  • YOUNG, ARLEE

    0 bbl last 12 months · 0.7 km away

  • STEINLE 15

    1,251 mcf last 12 months · 1 km away

New drilling permits in Gaines County

We do not have coordinates for this lease, so these are the newest permits in its county.

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 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 65655, district 8A, 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.