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BANKS RANCH UNIT

Operated by GEOSOUTHERN OPERATING II, LLC (P-5 301273) in the GIDDINGS (AUSTIN CHALK, GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 288648District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$23.1 M
Nov 2019 – May 2026
Value, last 12 filed months
$1.2 M
at the published price for each month
Months reported
79
no gaps in the span
Streams
2
condensate, gas

The GIDDINGS (AUSTIN CHALK, GAS) field

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 1,061 leases and 1,061 wells, and the rule below applies to all of them.

Discovered
1978-08-01
as the register files it
Field class
Gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2018-10-16.

The Commission's schedule remark for this field reads: “AMENDED DRILLING PERMITS, NOTICE, OR HEARING.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none——
ST-1112020-06-15227152

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition238,206 bbl$13,961,449
GasProduction2,971,151 Mcf$9,120,363
Total$23,081,813

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 29.8348, -96.7197. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.83477, -96.71965 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
13,887 ft
1 wells filed one
Completion to plug
—
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 13,887 ft.

Completions filed
Feb 2020
1 of 1 wells

1 well

42-149334701H13,887 ftFeb 2020——

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (79)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

79 months

May 202676411,048106.413.05$114,948
Apr 202675311,58598.932.87$107,740
Mar 202674711,53489.753.15$103,369
Feb 202675911,05263.503.75$89,645
Jan 202677711,85359.138.00$140,743
Dec 202576012,30556.664.41$97,368
Nov 202595813,23358.593.93$108,088
Oct 202593016,05559.383.30$108,283
Sep 20253924,42662.743.08$38,213
Aug 202573413,40363.933.01$87,331
Jul 202590013,26566.743.32$104,042
Jun 202591713,82466.483.13$104,214
May 202594812,98460.553.23$99,370
Apr 202594015,14962.363.54$112,293
Mar 202577511,42567.704.27$101,233
Feb 202578412,84470.884.34$111,324
Jan 20251,14814,35774.324.28$146,748
Dec 20241,16716,40868.993.12$131,727
Nov 202458611,84769.052.20$66,508
Oct 20241,11916,42271.372.28$117,328
Sep 202493313,42469.612.36$96,685
Aug 20241,08616,18475.632.06$115,532
Jul 202494315,56779.932.15$108,790
Jun 20241,09915,63178.082.63$126,982
May 20241,12616,63578.812.20$125,311
Apr 20241,14015,86784.451.66$122,600
Mar 20241,13916,72180.301.55$117,298
Feb 20241,17616,23276.091.78$118,434
Jan 20241,37617,06573.023.30$156,750
Dec 20231,13517,00471.262.61$125,273
Nov 20231,27817,54677.892.81$148,805
Oct 20231,28718,37685.443.09$166,693
Sep 20231,46514,74589.042.74$170,772
Aug 20231,14816,44080.522.67$136,379
Jul 20231,55317,16974.852.64$161,599
Jun 20231,16616,42668.962.26$117,505
May 20231,61717,21270.622.23$152,531
Apr 20231,34115,75278.122.24$140,008
Mar 20231,49020,21072.852.39$156,912
Feb 20231,57217,99675.112.47$162,445
Jan 20231,54020,22476.533.39$186,369
Dec 20221,73819,36376.415.73$243,733
Nov 20221,56619,89485.005.65$245,436
Oct 20221,66223,56887.185.86$283,090
Sep 20221,84623,18484.888.16$345,955
Aug 20221,83024,06694.529.13$392,626
Jul 20222,12425,803101.587.54$410,364
Jun 20221,99526,085115.097.98$437,690
May 20222,39627,806109.378.43$496,540
Apr 20222,03027,575104.226.84$400,113
Mar 20222,59929,709108.885.08$433,794
Feb 20222,20526,81691.054.86$331,060
Jan 20222,37929,81181.844.54$329,970
Dec 20212,34431,55471.323.90$290,207
Nov 20211,21113,40877.435.24$163,983
Oct 20213,76543,74079.795.71$550,334
Sep 20213,31033,45369.865.35$410,241
Aug 20213,85538,27266.024.22$416,038
Jul 20213,73240,24570.783.98$424,410
Jun 20213,75238,81269.493.38$391,935
May 20213,75343,67563.483.02$370,037
Apr 20214,14143,66360.362.76$370,392
Mar 20214,25346,74461.302.72$387,710
Feb 20213,41645,23457.805.55$448,401
Jan 20214,89060,83550.412.81$417,468
Dec 20204,65766,82244.642.68$386,668
Nov 20205,58168,58438.772.71$402,003
Oct 20206,43477,38636.972.48$429,661
Sep 20206,53381,34737.091.99$404,274
Aug 20207,45994,35439.982.39$523,255
Jul 20208,840110,83238.371.83$541,473
Jun 202011,387138,49634.901.69$631,507
May 20200016.921.81$0
Apr 20208,11998,65414.751.80$297,765
Mar 202010,960133,02630.341.86$579,453
Feb 202010,051131,74249.881.98$762,281
Jan 202013,578173,07257.252.09$1,139,881
Dec 201918,047213,86659.012.30$1,557,778
Nov 201916,300192,21055.302.75$1,430,102

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate           764 bbl  × $106.41 =    $81,297
Gas               11,048 Mcf  × $  3.05 =    $33,650

────────────────────────────────────────────────────
Month total                                 $114,948

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 03/G/288648 is the state's own key, not one this site invented.