BAILEY "12"

Oil · District 08 · Lease #35303

Operator: PURE RESOURCES, L.P.

Fields: SUGG RANCH

Cum Oil

43k BBL

Cum Gas

133k MCF

casinghead

Wells

3

Production

1997-04 — 2020-02

Peak Month

1997-07

Production History

Cum Oil: 43,210 BBL Cum Gas: 133,039 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

1,068 BBL/mo

Di (annual)

50.6%

b-factor

0.4

EUR

41,041 BBL

R-squared

0.881

type

hyperbolic

Operator History (from monthly production reports)

2023-01 — 2026-07 P1 ENERGY, LLC 43 mo

2021-04 — 2022-12 EARTHSTONE OPERATING, LLC 21 mo

2017-03 — 2021-03 INDEPENDENCE RESOURCES MGMT, LLC 49 mo

2016-08 — 2017-02 OWN RESOURCES OPERATING, LLC 7 mo

2006-04 — 2016-07 CHEVRON MIDCONTINENT, L.P. 124 mo

2001-02 — 2006-03 PURE RESOURCES, L.P. 62 mo

1997-04 — 2001-01 IP PETROLEUM COMPANY, INC. 46 mo

Wells (3)

WELL#	API	OPERATOR	PERMITS	DEPTH	LAST_ISSUED
5S	42-431-32117	P1 ENERGY, LLC	3	8,500	2020-04-08
8S	42-431-32263	P1 ENERGY, LLC	2	8,400	1997-05-16
3S	42-431-31896	P1 ENERGY, LLC	2	8,000	1997-05-06