BANKS

Name: BANKS lease production and value, Aug 2000 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by GEOSOUTHERN OPERATING II, LLC (P-5 301273) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23894District 03Field 34733500OilCasinghead gasSave Export

Value, all time

$1.8 M

Aug 2000 – Oct 2017

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

207

no gaps in the span

Streams

oil, casinghead gas

The GIDDINGS (AUSTIN CHALK-3) 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 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered

1960-10-29

as the register files it

Field class

Oil and 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 2025-09-30.

The Commission's schedule remark for this field reads: “DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED”

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.

Stream	Basis	Volume	Value
Oil	Disposition	36,559 bbl	$1,217,957
Casinghead gas	Production	105,092 Mcf	$565,628
Total			$1,783,585

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 29.7308, -96.8629. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.73080, -96.86295 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

12,873 ft

1 wells filed one

Completion to plug

16.8 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 12,873 ft.

Completions filed

Aug 2000

1 of 1 wells

Plug dates filed

May 2017

1 of 1 wells

Last completion to plug: a median of 16.8 years across the 1 well that filed both dates, with the middle half between 16.8 years and 16.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-14933105	1H	12,873 ft	Aug 2000	May 2017	Yes

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 (207)

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

207 months


Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	130	0	42.49	3.09	$5,524
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	14	33.01	1.79	$25
Feb 2016	0	5	26.47	2.06	$10
Jan 2016	0	14	27.35	2.36	$33
Dec 2015	0	24	32.36	2.00	$48
Nov 2015	0	20	38.79	2.17	$43
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	21	42.99	2.76	$58
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	178	0	49.82	2.71	$8,868
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	180	50	44.66	2.98	$8,188
Jan 2015	0	147	43.43	3.10	$456
Dec 2014	178	188	54.69	3.59	$10,410
Nov 2014	179	260	70.46	4.25	$13,718
Oct 2014	0	462	78.30	3.90	$1,802
Sep 2014	0	20	86.16	4.05	$81
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	23	98.16	4.74	$109
May 2014	0	0	94.73	4.73	$0
Apr 2014	47	0	95.94	4.81	$4,509
Mar 2014	0	12	95.89	5.06	$61
Feb 2014	0	20	97.40	6.19	$124
Jan 2014	0	31	90.40	4.86	$151
Dec 2013	0	26	91.82	4.35	$113
Nov 2013	0	28	88.85	3.74	$105
Oct 2013	0	28	97.42	3.78	$106
Sep 2013	0	34	104.11	3.72	$126
Aug 2013	0	11	104.25	3.52	$39
Jul 2013	0	39	102.52	3.72	$145
Jun 2013	0	55	94.40	3.93	$216
May 2013	0	55	94.83	4.15	$228
Apr 2013	188	136	93.96	4.28	$18,247
Mar 2013	0	38	93.62	3.91	$149
Feb 2013	174	51	91.23	3.42	$16,048
Jan 2013	1	29	91.60	3.42	$191
Dec 2012	0	26	86.77	3.42	$89
Nov 2012	0	22	86.95	3.62	$80
Oct 2012	0	55	89.38	3.40	$187
Sep 2012	0	6	94.67	2.92	$18
Aug 2012	0	11	92.66	2.91	$32
Jul 2012	0	23	85.13	3.02	$69
Jun 2012	0	45	79.82	2.52	$113
May 2012	0	42	91.61	2.49	$105
Apr 2012	0	11	101.65	2.00	$22
Mar 2012	182	11	105.05	2.22	$19,144
Feb 2012	0	27	101.10	2.57	$69
Jan 2012	0	26	98.09	2.73	$71
Dec 2011	0	20	96.87	3.24	$65
Nov 2011	0	42	95.72	3.31	$139
Oct 2011	0	40	84.98	3.65	$146
Sep 2011	0	43	83.62	3.99	$171
Aug 2011	0	69	83.40	4.15	$286
Jul 2011	182	106	94.14	4.52	$17,612
Jun 2011	0	65	92.90	4.64	$302
May 2011	0	149	98.13	4.40	$656
Apr 2011	0	109	105.96	4.33	$472
Mar 2011	179	179	96.36	4.06	$17,975
Feb 2011	0	36	85.64	4.18	$150
Jan 2011	0	109	86.50	4.59	$500
Dec 2010	0	78	85.73	4.35	$339
Nov 2010	179	72	80.84	3.80	$14,744
Oct 2010	0	133	78.10	3.51	$467
Sep 2010	188	196	72.63	3.98	$14,434
Aug 2010	1	165	73.68	4.42	$803
Jul 2010	0	3	72.55	4.74	$14
Jun 2010	0	13	70.36	4.91	$64
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	11	81.69	4.12	$45
Mar 2010	0	17	78.39	4.39	$75
Feb 2010	0	3	73.58	5.44	$16
Jan 2010	0	10	74.36	5.96	$60
Dec 2009	0	28	71.44	5.48	$154
Nov 2009	0	30	74.59	3.75	$113
Oct 2009	0	5	72.54	4.11	$21
Sep 2009	0	13	65.54	3.06	$40
Aug 2009	0	18	67.42	3.22	$58
Jul 2009	0	18	61.13	3.46	$62
Jun 2009	0	25	66.16	3.90	$97
May 2009	185	14	54.74	3.93	$10,182
Apr 2009	0	19	46.77	3.59	$68
Mar 2009	0	17	42.14	4.06	$69
Feb 2009	0	25	32.81	4.63	$116
Jan 2009	0	43	35.86	5.37	$231
Dec 2008	0	9	37.10	5.98	$54
Nov 2008	0	21	55.49	6.86	$144
Oct 2008	0	32	75.24	6.92	$222
Sep 2008	0	12	101.76	7.88	$95
Aug 2008	0	20	114.22	8.48	$170
Jul 2008	0	21	131.08	11.39	$239
Jun 2008	0	31	131.33	13.03	$404
May 2008	0	26	123.17	11.57	$301
Apr 2008	0	27	110.31	10.45	$282
Mar 2008	190	75	101.90	9.66	$20,086
Feb 2008	0	42	92.53	8.77	$368
Jan 2008	0	5	90.38	8.21	$41
Dec 2007	0	23	88.33	7.30	$168
Nov 2007	0	20	91.67	7.29	$146
Oct 2007	0	47	82.85	6.92	$325
Sep 2007	0	56	75.84	6.24	$350
Aug 2007	0	10	69.06	6.39	$64
Jul 2007	0	26	70.90	6.39	$166
Jun 2007	0	37	62.00	7.55	$279
May 2007	0	45	58.74	7.85	$353
Apr 2007	0	33	59.61	7.81	$258
Mar 2007	0	22	56.92	7.30	$161
Feb 2007	185	45	55.10	8.22	$10,563
Jan 2007	0	15	50.30	6.73	$101
Dec 2006	0	20	56.65	6.92	$138
Nov 2006	0	46	54.20	7.62	$350
Oct 2006	0	30	54.90	6.01	$180
Sep 2006	0	16	60.08	5.04	$81
Aug 2006	0	44	68.71	7.34	$323
Jul 2006	0	33	69.37	6.34	$209
Jun 2006	0	47	66.28	6.38	$300
May 2006	184	111	66.01	6.42	$12,859
Apr 2006	0	108	64.39	7.36	$795
Mar 2006	0	4	56.70	7.08	$28
Feb 2006	0	7	57.59	7.75	$54
Jan 2006	184	135	60.59	8.93	$12,355
Dec 2005	0	150	54.94	13.42	$2,012
Nov 2005	0	55	54.69	10.59	$582
Oct 2005	183	207	58.34	13.80	$13,532
Sep 2005	0	9	61.45	12.08	$109
Aug 2005	0	19	61.51	9.80	$186
Jul 2005	0	205	55.69	7.84	$1,608
Jun 2005	0	51	52.33	7.38	$376
May 2005	0	29	45.22	6.65	$193
Apr 2005	358	114	49.20	7.36	$18,453
Mar 2005	0	251	50.37	7.15	$1,796
Feb 2005	0	35	45.22	6.31	$221
Jan 2005	183	102	43.16	6.32	$8,543
Dec 2004	184	139	39.86	6.75	$8,273
Nov 2004	0	204	45.28	6.33	$1,291
Oct 2004	185	149	49.70	6.52	$10,165
Sep 2004	0	219	43.24	5.28	$1,157
Aug 2004	184	241	42.37	5.55	$9,134
Jul 2004	0	135	38.28	6.08	$821
Jun 2004	186	138	36.10	6.43	$7,602
May 2004	182	236	37.48	6.49	$8,354
Apr 2004	0	236	34.47	5.86	$1,383
Mar 2004	184	225	34.36	5.53	$7,567
Feb 2004	181	228	32.45	5.51	$7,130
Jan 2004	182	271	32.03	6.30	$7,537
Dec 2003	182	298	30.26	6.30	$7,385
Nov 2003	0	352	28.80	4.60	$1,618
Oct 2003	392	636	28.17	4.76	$14,070
Sep 2003	195	286	26.31	4.75	$6,489
Aug 2003	0	151	29.76	5.13	$775
Jul 2003	192	153	29.41	5.17	$6,438
Jun 2003	0	178	28.56	5.98	$1,065
May 2003	187	272	26.59	5.97	$6,597
Apr 2003	196	510	26.67	5.41	$7,985
Mar 2003	386	529	31.14	6.10	$15,245
Feb 2003	184	353	33.48	7.93	$8,958
Jan 2003	177	547	30.31	5.58	$8,418
Dec 2002	176	403	26.91	4.85	$6,692
Nov 2002	366	676	24.66	4.14	$11,822
Oct 2002	0	890	26.46	4.23	$3,764
Sep 2002	371	870	27.44	3.64	$13,343
Aug 2002	182	943	25.96	3.16	$7,709
Jul 2002	359	1,075	24.58	3.06	$12,116
Jun 2002	365	698	23.73	3.34	$10,992
May 2002	184	993	24.66	3.58	$8,096
Apr 2002	183	1,030	23.65	3.51	$7,946
Mar 2002	739	0	22.00	3.10	$16,258
Feb 2002	0	1,043	18.22	2.38	$2,478
Jan 2002	365	1,176	17.17	2.38	$9,061
Dec 2001	365	1,753	16.93	2.36	$10,324
Nov 2001	365	1,280	18.07	2.41	$9,675
Oct 2001	546	1,641	19.78	2.53	$14,950
Sep 2001	368	1,729	24.26	2.25	$12,820
Aug 2001	555	963	24.87	3.05	$16,743
Jul 2001	364	1,796	23.93	3.20	$14,452
Jun 2001	539	1,206	24.56	3.82	$17,850
May 2001	711	1,470	25.52	4.31	$24,476
Apr 2001	712	2,214	24.68	5.34	$29,385
Mar 2001	732	2,666	24.54	5.38	$32,297
Feb 2001	919	5,152	27.75	5.77	$55,214
Jan 2001	1,134	7,588	27.47	8.40	$94,881
Dec 2000	1,858	6,611	26.88	9.12	$110,252
Nov 2000	2,746	9,176	32.21	5.66	$140,366
Oct 2000	4,346	12,658	31.23	5.15	$200,857
Sep 2000	9,632	24,109	31.87	5.19	$432,013
Aug 2000	0	0	29.64	4.54	$0

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.

Jun 2017 — as filed, then multipliedworked

Oil                  130 bbl  × $ 42.49 =     $5,524
Casinghead gas         0 Mcf  × $  3.09 =         $0

────────────────────────────────────────────────────
Month total                                   $5,524

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/O/23894 is the state's own key, not one this site invented.