BANKS, W. R.

Operated by XTO ENERGY INC. (P-5 945936) in the CARTHAGE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 154978District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.1 M
May 1995 – May 2026
Value, last 12 filed months
$94 k
at the published price for each month
Months reported
373
no gaps in the span
Streams
2
condensate, gas

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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered
1968-05-01
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 40 acres. The field rule took effect on 2011-02-08.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

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
High Cost Gas111995-10-06132670
NGPA1none

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
CondensateDisposition11,827 bbl$583,039
GasProduction1,923,661 Mcf$6,480,792
Total$7,063,831

376,190 Mcf of this lease's gas, across 18 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 32.1508, -94.3527. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.15079, -94.35272 · 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
9,950 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 9,950 ft.

Completions filed
Jun 1995
1 of 1 wells

1 well

42-365331107-L9,950 ftJun 1995

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 (373)

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

373 months

May 202602,252106.413.05$6,859
Apr 202602,35998.932.87$6,770
Mar 202602,05289.753.15$6,463
Feb 202601,75963.503.75$6,597
Jan 202602,25659.138.00$18,043
Dec 202501,67356.664.41$7,384
Nov 202502,16158.593.93$8,485
Oct 202501,73559.383.30$5,734
Sep 202502,04762.743.08$6,298
Aug 202502,20763.933.01$6,654
Jul 202502,38966.743.32$7,920
Jun 202502,24966.483.13$7,036
May 202502,41560.553.23$7,806
Apr 202502,45462.363.54$8,695
Mar 202502,01067.704.27$8,579
Feb 202502,08170.884.34$9,033
Jan 202502,09274.324.28$8,951
Dec 202402,41368.993.12$7,532
Nov 202402,37969.052.20$5,230
Oct 202402,75271.372.28$6,278
Sep 202402,62169.612.36$6,197
Aug 202402,45675.632.06$5,068
Jul 202402,31779.932.15$4,974
Jun 202402,09078.082.63$5,505
May 202402,08778.812.20$4,588
Apr 202401,93784.451.66$3,214
Mar 202401,81380.301.55$2,801
Feb 202401,79776.091.78$3,205
Jan 202401,75973.023.30$5,801
Dec 202301,84971.262.61$4,827
Nov 202302,22077.892.81$6,233
Oct 202302,69385.443.09$8,314
Sep 202301,77989.042.74$4,866
Aug 202302,16980.522.67$5,797
Jul 202301,98474.852.64$5,241
Jun 202301,51368.962.26$3,417
May 202302,45070.622.23$5,457
Apr 202301,97278.122.24$4,413
Mar 202302,33872.852.39$5,595
Feb 202302,25575.112.47$5,560
Jan 202302,15776.533.39$7,307
Dec 202202,10476.415.73$12,054
Nov 202202,50685.005.65$14,149
Oct 202201,87887.185.86$11,012
Sep 202202,36084.888.16$19,266
Aug 202202,73594.529.13$24,963
Jul 202201,923101.587.54$14,503
Jun 202202,785115.097.98$22,217
May 202202,483109.378.43$20,939
Apr 202202,302104.226.84$15,740
Mar 202202,504108.885.08$12,711
Feb 202202,59791.054.86$12,618
Jan 202202,41981.844.54$10,977
Dec 202102,05071.323.90$7,993
Nov 202102,16077.435.24$11,312
Oct 202102,64279.795.71$15,096
Sep 202102,42569.865.35$12,976
Aug 202102,52866.024.22$10,670
Jul 202102,65970.783.98$10,588
Jun 202102,56669.493.38$8,675
May 202102,63763.483.02$7,958
Apr 202102,55460.362.76$7,045
Mar 202102,66161.302.72$7,230
Feb 202101,87757.805.55$10,414
Jan 202102,47250.412.81$6,947
Dec 202002,66544.642.68$7,130
Nov 2020102,70938.772.71$7,720
Oct 2020322,82236.972.48$8,177
Sep 2020302,73637.091.99$6,560
Aug 2020282,86239.982.39$7,946
Jul 2020322,86738.371.83$6,460
Jun 2020302,91834.901.69$5,979
May 2020292,61716.921.81$5,240
Apr 2020362,77714.751.80$5,542
Mar 2020382,84530.341.86$6,434
Feb 2020372,60749.881.98$7,009
Jan 2020332,74257.252.09$7,633
Dec 201923,10459.012.30$7,271
Nov 201982,46055.302.75$7,209
Oct 2019102,93453.472.42$7,631
Sep 201992,86855.052.66$8,117
Aug 201993,05853.112.30$7,525
Jul 201983,00156.272.46$7,833
Jun 2019103,03252.782.49$8,081
May 201992,78258.482.74$8,150
Apr 201992,38562.632.75$7,124
Mar 201992,58956.803.06$8,439
Feb 2019102,66850.852.79$7,958
Jan 2019102,87346.033.23$9,735
Dec 2018102,93746.594.19$12,759
Nov 2018102,99552.934.24$13,220
Oct 201893,08461.443.40$11,033
Sep 201893,05959.543.11$10,043
Aug 201883,08059.403.07$9,920
Jul 201872,99465.142.93$9,234
Jun 201872,46060.183.08$7,990
May 201882,85265.382.90$8,796
Apr 201892,83863.842.90$8,807
Mar 201882,98361.222.79$8,803
Feb 201882,51661.782.77$7,454
Jan 201892,83362.874.01$11,924
Dec 201792,93457.272.92$9,087
Nov 201793,15655.423.12$10,340
Oct 201773,07749.292.98$9,526
Sep 201762,91347.523.09$9,278
Aug 201762,89945.373.00$8,982
Jul 201763,17843.873.09$10,075
Jun 201763,06542.493.09$9,717
May 201783,07345.373.26$10,391
Apr 201783,16847.933.21$10,558
Mar 2017103,14246.772.98$9,842
Feb 2017102,86750.452.95$8,970
Jan 201773,14349.413.42$11,091
Dec 201672,99848.763.72$11,502
Nov 201603,14242.492.64$8,309
Oct 201602,35446.193.09$7,274
Sep 201602,43041.553.10$7,535
Aug 201603,01841.442.92$8,826
Jul 201603,13741.622.92$9,174
Jun 201613,17345.352.69$8,567
May 2016103,36542.521.99$7,125
Apr 2016103,18036.561.99$6,697
Mar 2016103,27133.011.79$6,198
Feb 201693,12826.472.06$6,693
Jan 2016113,37427.352.36$8,278
Dec 201593,46132.362.00$7,218
Nov 201503,51438.792.17$7,616
Oct 201503,70443.552.43$8,988
Sep 201503,66142.992.76$10,099
Aug 201503,73940.162.87$10,740
Jul 201503,67548.152.95$10,823
Jun 201503,71456.152.88$10,707
May 201504,02855.212.96$11,905
Apr 201522,24949.822.71$6,187
Mar 2015171,17742.892.93$4,183
Feb 2015262,09644.662.98$7,399
Jan 2015253,05143.433.10$10,546
Dec 2014272,65154.693.59$10,997
Nov 2014252,55370.464.25$12,616
Oct 2014232,28778.303.90$10,722
Sep 2014252,38886.164.05$11,815
Aug 2014322,80289.394.04$14,167
Jul 2014343,30196.564.18$17,080
Jun 2014313,25498.164.74$18,457
May 2014383,01394.734.73$17,841
Apr 2014502,66695.944.81$17,618
Mar 2014533,03195.895.06$20,409
Feb 2014482,98797.406.19$23,171
Jan 2014523,18890.404.86$20,197
Dec 2013543,49691.824.35$20,182
Nov 2013544,06088.853.74$19,975
Oct 2013302,92597.423.78$13,977
Sep 2013283,151104.113.72$14,630
Aug 2013293,499104.253.52$15,349
Jul 2013324,223102.523.72$18,981
Jun 2013252,98894.403.93$14,113
May 2013363,56094.834.15$18,185
Apr 2013453,61993.964.28$19,727
Mar 2013863,60693.623.91$22,161
Feb 2013642,79591.233.42$15,397
Jan 2013202,33091.603.42$9,800
Dec 2012252,93186.773.42$12,194
Nov 2012623,98186.953.62$19,822
Oct 2012483,11389.383.40$14,873
Sep 2012513,28594.672.92$14,415
Aug 2012453,13692.662.91$13,290
Jul 2012644,17985.133.02$18,072
Jun 2012473,20679.822.52$11,828
May 2012322,98391.612.49$10,354
Apr 2012273,040101.652.00$8,815
Mar 2012273,679105.052.22$11,011
Feb 2012273,137101.102.57$10,793
Jan 2012283,50998.092.73$12,340
Dec 2011232,94896.873.24$11,779
Nov 2011184,42995.723.31$16,389
Oct 201104,51084.983.65$16,455
Sep 201103,44383.623.99$13,723
Aug 201101,52583.404.15$6,328
Jul 201104,33594.144.52$19,582
Jun 201102,34092.904.64$10,857
May 201123,06298.134.40$13,684
Apr 2011172,441105.964.33$12,379
Mar 2011253,21396.364.06$15,445
Feb 2011263,27685.644.18$15,920
Jan 2011232,89686.504.59$15,279
Dec 2010203,23185.734.35$15,762
Nov 201074,31280.843.80$16,931
Oct 201004,15778.103.51$14,586
Sep 201003,85272.633.98$15,329
Aug 201004,54873.684.42$20,099
Jul 201004,11672.554.74$19,495
Jun 201043,08970.364.91$15,450
May 2010583,17471.124.24$17,568
Apr 2010782,70281.694.12$17,511
Mar 20101153,54378.394.39$24,564
Feb 20101726,13573.585.44$46,045
Jan 20101736,98874.365.96$54,541
Dec 20091415,17871.445.48$38,468
Nov 20091265,44774.593.75$29,833
Oct 20091134,10872.544.11$25,082
Sep 20091044,32365.543.06$20,065
Aug 20091164,74767.423.22$23,099
Jul 2009984,75661.133.46$22,468
Jun 2009824,03266.163.90$21,130
May 2009321,87154.743.93$9,097
Apr 2009604,68146.773.59$19,599
Mar 2009504,53542.144.06$20,515
Feb 20092032.814.63$66
Jan 2009282,44635.865.37$14,142
Dec 2008231,64637.105.98$10,692
Nov 2008473,67055.496.86$27,786
Oct 2008574,80975.246.92$37,576
Sep 2008555,170101.767.88$46,321
Aug 2008111,898114.228.48$17,357
Jul 200891,373131.0811.39$16,817
Jun 2008204,261131.3313.03$58,159
May 2008203,952123.1711.57$48,205
Apr 2008224,315110.3110.45$47,540
Mar 2008243,943101.909.66$40,551
Feb 2008363,55392.538.77$34,493
Jan 2008837,63590.388.21$70,152
Dec 2007605,12888.337.30$42,744
Nov 2007433,95291.677.29$32,759
Oct 2007343,64582.856.92$28,048
Sep 2007313,98975.846.24$27,259
Aug 2007414,83469.066.39$33,711
Jul 2007303,67370.906.39$25,590
Jun 2007394,20462.007.55$34,152
May 2007684,99458.747.85$43,179
Apr 2007634,54959.617.81$39,261
Mar 2007694,81156.927.30$39,057
Feb 2007573,79855.108.22$34,345
Jan 2007524,08650.306.73$30,102
Dec 2006534,08756.656.92$31,278
Nov 2006294,03454.207.62$32,301
Oct 2006264,13654.906.01$26,300
Sep 2006274,22660.085.04$22,909
Aug 2006274,80168.717.34$37,094
Jul 2006263,80069.376.34$25,906
Jun 2006565,23766.286.38$37,144
May 20061054,61766.016.42$36,595
Apr 20061185,04364.397.36$44,717
Mar 20061245,29156.707.08$44,507
Feb 20061145,11157.597.75$46,181
Jan 2006923,83760.598.93$39,851
Dec 20051345,58754.9413.42$82,314
Nov 20051145,64054.6910.59$65,953
Oct 20051116,22058.3413.80$92,285
Sep 2005925,59661.4512.08$73,247
Aug 20051035,93461.519.80$64,470
Jul 20051036,16955.697.84$54,123
Jun 2005975,98852.337.38$49,274
May 2005615,96545.226.65$42,433
Apr 2005576,17849.207.36$48,277
Mar 2005596,14050.377.15$46,903
Feb 2005242,23145.226.31$15,167
Jan 2005806,37043.166.32$43,725
Dec 2004604,43339.866.75$32,319
Nov 2004564,05445.286.33$28,199
Oct 2004504,82349.706.52$33,907
Sep 2004445,11043.245.28$28,903
Aug 2004405,27542.375.55$30,975
Jul 2004515,20538.286.08$33,620
Jun 2004404,82636.106.43$32,490
May 2004515,85037.486.49$39,905
Apr 2004815,71834.475.86$36,291
Mar 2004195,52134.365.53$31,185
Feb 2004445,21732.455.51$30,171
Jan 2004375,09532.036.30$33,282
Dec 2003445,37330.266.30$35,190
Nov 2003645,41428.804.60$26,721
Oct 2003465,72528.174.76$28,545
Sep 2003595,59726.314.75$28,134
Aug 2003525,55829.765.13$30,059
Jul 2003565,91929.415.17$32,253
Jun 2003576,19528.565.98$38,692
May 2003485,88326.595.97$36,414
Apr 2003496,20226.675.41$34,843
Mar 2003546,34731.146.10$40,373
Feb 2003435,48733.487.93$44,929
Jan 2003475,04530.315.58$29,586
Dec 2002555,63426.914.85$28,826
Nov 2002495,80924.664.14$25,240
Oct 2002495,86926.464.23$26,117
Sep 2002676,05627.443.64$23,853
Aug 2002456,36625.963.16$21,311
Jul 2002566,75624.583.06$22,062
Jun 2002526,48223.733.34$22,872
May 2002515,95624.663.58$22,604
Apr 2002446,12223.653.51$22,543
Mar 2002576,08422.003.10$20,131
Feb 2002505,55118.222.38$14,098
Jan 2002546,56117.172.38$16,514
Dec 2001606,44016.932.36$16,243
Nov 2001415,98818.072.41$15,145
Oct 2001406,30719.782.53$16,741
Sep 2001396,25224.262.25$15,021
Aug 2001387,22824.873.05$23,013
Jul 2001366,58023.933.20$21,898
Jun 2001456,06624.563.82$24,303
May 2001486,66525.524.31$29,933
Apr 2001586,70624.685.34$37,210
Mar 2001646,97124.545.38$39,050
Feb 2001596,81227.755.77$40,923
Jan 2001656,77827.478.40$58,712
Dec 2000636,85926.889.12$64,265
Nov 2000746,60032.215.66$39,726
Oct 2000646,88931.235.15$37,446
Sep 2000447,24831.875.19$38,994
Aug 2000457,39529.644.54$34,913
Jul 2000457,26128.534.09$30,980
Jun 2000568,26329.304.40$37,975
May 2000588,32127.263.68$32,200
Apr 2000437,04524.513.12$23,006
Mar 2000527,58428.422.86$23,166
Feb 2000527,45027.622.73$21,749
Jan 2000648,59225.272.48$22,930
Dec 1999709,29624.282.42$24,231
Nov 1999588,88823.192.43$22,978
Oct 1999559,77320.982.80$28,555
Sep 1999517,64421.752.62$21,128
Aug 1999478,90419.262.88$26,510
Jul 1999588,39317.892.37$20,949
Jun 1999667,01115.942.36$17,613
May 1999868,30015.792.32$20,622
Apr 1999898,17615.102.21$19,397
Mar 19991108,59212.471.84$17,167
Feb 1999927,7929.981.82$15,082
Jan 19991178,48010.381.90$17,326
Dec 19981158,8079.201.77$16,676
Nov 19981418,65710.892.19$20,457
Oct 1998959,36812.421.97$19,627
Sep 1998648,93312.592.08$19,410
Aug 1998679,21011.301.91$18,324
Jul 1998709,43811.742.24$21,937
Jun 1998729,02811.242.24$21,007
May 1998779,56412.622.21$22,073
Apr 1998838,99613.042.51$23,620
Mar 199811810,28212.802.31$25,256
Feb 19981199,83713.952.30$24,277
Jan 19981019,93214.702.15$22,886
Dec 1997011,21816.322.41$27,048
Nov 1997010,93418.193.09$33,767
Oct 1997011,49819.253.15$36,217
Sep 1997010,52317.742.95$31,094
Aug 1997010,18817.862.55$26,028
Jul 199709,57617.582.25$21,517
Jun 1997010,46517.242.26$23,622
May 1997011,21918.972.31$25,899
Apr 1997011,00517.882.08$22,921
Mar 1997013,93418.951.94$27,020
Feb 1997013,04320.492.21$28,772
Jan 1997011,45823.483.54$40,558
Dec 1996016,96223.32$0
Nov 1996014,46421.97$0
Oct 1996014,56723.31$0
Sep 1996016,25122.22$0
Aug 1996016,38920.26$0
Jul 1996015,58819.55$0
Jun 1996015,03218.73$0
May 1996017,45419.43$0
Apr 1996015,68421.51$0
Mar 1996017,76419.38$0
Feb 1996018,11616.98$0
Jan 1996020,52217.07$0
Dec 1995026,03717.19$0
Nov 1995026,75316.00$0
Oct 1995037,12915.43$0
Sep 1995023,72616.18$0
Aug 1995027,43615.92$0
Jul 1995036,31615.24$0
Jun 19950016.41$0
May 19950017.56$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                2,252 Mcf  × $  3.05 =     $6,859

────────────────────────────────────────────────────
Month total                                   $6,859

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. 06/G/154978 is the state's own key, not one this site invented.