BONDS RANCH

Operated by BKV BARNETT II, LLC (P-5 103758) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 195976District 09Field 65280200CondensateGasSaveExport
Value, all time
$12.4 M
May 2003 – May 2026
Value, last 12 filed months
$68 k
at the published price for each month
Months reported
277
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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
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 20 acres. The field rule took effect on 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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
CondensateDisposition3 bbl$85
GasProduction2,210,439 Mcf$12,420,334
Total$12,420,418

Every month this lease reported (277)

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

277 months

May 202602,032106.413.05$6,189
Apr 202602,00698.932.87$5,757
Mar 202602,15189.753.15$6,774
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 202501,77956.664.41$7,851
Nov 202501,94158.593.93$7,621
Oct 202501,91959.383.30$6,342
Sep 202502,05662.743.08$6,326
Aug 202502,22463.933.01$6,705
Jul 202502,26666.743.32$7,512
Jun 202502,20566.483.13$6,899
May 202502,27560.553.23$7,354
Apr 202502,11162.363.54$7,480
Mar 202502,10467.704.27$8,981
Feb 202501,84270.884.34$7,996
Jan 202502,07074.324.28$8,857
Dec 202402,08268.993.12$6,499
Nov 202402,06369.052.20$4,535
Oct 202402,25171.372.28$5,135
Sep 202402,24469.612.36$5,306
Aug 202402,42975.632.06$5,013
Jul 202402,40579.932.15$5,163
Jun 202402,40878.082.63$6,343
May 202402,42878.812.20$5,338
Apr 202402,30384.451.66$3,821
Mar 202402,37380.301.55$3,667
Feb 202402,11776.091.78$3,776
Jan 202402,08773.023.30$6,882
Dec 202302,27071.262.61$5,926
Nov 202302,19677.892.81$6,165
Oct 202302,22185.443.09$6,857
Sep 202302,43489.042.74$6,657
Aug 202302,60580.522.67$6,963
Jul 202302,62374.852.64$6,929
Jun 202302,31968.962.26$5,237
May 202302,49770.622.23$5,562
Apr 202302,42878.122.24$5,433
Mar 202302,40972.852.39$5,765
Feb 202302,14775.112.47$5,294
Jan 202302,29576.533.39$7,775
Dec 202202,24276.415.73$12,845
Nov 202202,26185.005.65$12,766
Oct 202202,55687.185.86$14,988
Sep 202202,53484.888.16$20,687
Aug 202202,72594.529.13$24,872
Jul 202202,903101.587.54$21,895
Jun 202202,808115.097.98$22,400
May 202202,870109.378.43$24,203
Apr 202202,756104.226.84$18,844
Mar 202202,872108.885.08$14,579
Feb 202202,27691.054.86$11,059
Jan 202202,60581.844.54$11,821
Dec 202102,45071.323.90$9,553
Nov 202102,03677.435.24$10,662
Oct 202102,29379.795.71$13,102
Sep 202102,51869.865.35$13,474
Aug 202103,20866.024.22$13,540
Jul 202103,27170.783.98$13,025
Jun 202103,24169.493.38$10,957
May 202103,33863.483.02$10,073
Apr 202103,12760.362.76$8,626
Mar 202103,28461.302.72$8,922
Feb 202102,67657.805.55$14,846
Jan 202103,09950.412.81$8,709
Dec 202003,21344.642.68$8,596
Nov 202003,21338.772.71$8,696
Oct 202003,34936.972.48$8,300
Sep 202003,33437.091.99$6,638
Aug 202003,49839.982.39$8,343
Jul 202003,52838.371.83$6,439
Jun 202003,43334.901.69$5,803
May 202003,66916.921.81$6,658
Apr 202003,44914.751.80$6,223
Mar 202003,57730.341.86$6,640
Feb 202001,64349.881.98$3,254
Jan 202001,80057.252.09$3,771
Dec 201901,82659.012.30$4,208
Nov 201901,77555.302.75$4,882
Oct 201901,87353.472.42$4,530
Sep 201901,88555.052.66$5,009
Aug 201901,92553.112.30$4,436
Jul 201901,93456.272.46$4,758
Jun 201901,78552.782.49$4,447
May 201902,78858.482.74$7,640
Apr 201903,26262.632.75$8,973
Mar 201903,55356.803.06$10,880
Feb 201903,28550.852.79$9,172
Jan 201903,79846.033.23$12,261
Dec 201803,90146.594.19$16,327
Nov 201803,48652.934.24$14,771
Oct 201803,49161.443.40$11,863
Sep 201803,67059.543.11$11,406
Aug 201803,37059.403.07$10,334
Jul 201803,09065.142.93$9,060
Jun 201803,08160.183.08$9,480
May 201803,21765.382.90$9,332
Apr 201803,43563.842.90$9,964
Mar 201803,66661.222.79$10,217
Feb 201803,79161.782.77$10,486
Jan 201804,60262.874.01$18,451
Dec 201705,09057.272.92$14,871
Nov 201704,71755.423.12$14,709
Oct 201704,53549.292.98$13,531
Sep 201704,09147.523.09$12,630
Aug 201704,27745.373.00$12,850
Jul 201703,96443.873.09$12,238
Jun 201702,85542.493.09$8,814
May 201702,92845.373.26$9,555
Apr 201702,59847.933.21$8,344
Mar 201701,90446.772.98$5,681
Feb 201702,40750.452.95$7,107
Jan 201703,05149.413.42$10,431
Dec 201602,85748.763.72$10,636
Nov 201602,34842.492.64$6,209
Oct 201602,16046.193.09$6,675
Sep 201601,97741.553.10$6,130
Aug 201602,20641.442.92$6,451
Jul 201602,21141.622.92$6,466
Jun 201602,90545.352.69$7,802
May 201603,79242.521.99$7,550
Apr 201604,00236.561.99$7,968
Mar 201604,39333.011.79$7,881
Feb 201604,30326.472.06$8,880
Jan 201604,91727.352.36$11,626
Dec 201504,76332.362.00$9,533
Nov 201504,71838.792.17$10,225
Oct 201504,80443.552.43$11,657
Sep 201504,54842.992.76$12,545
Aug 201504,61440.162.87$13,254
Jul 201504,43148.152.95$13,050
Jun 201504,21056.152.88$12,137
May 201504,72855.212.96$13,973
Apr 201504,36749.822.71$11,820
Mar 201504,78342.892.93$14,037
Feb 201504,85944.662.98$14,461
Jan 201505,19043.433.10$16,092
Dec 201405,05454.693.59$18,151
Nov 201404,87970.464.25$20,745
Oct 201404,99278.303.90$19,474
Sep 201404,80086.164.05$19,418
Aug 201404,94089.394.04$19,933
Jul 201405,06796.564.18$21,178
Jun 201404,84498.164.74$22,945
May 201405,29294.734.73$25,013
Apr 201405,09195.944.81$24,483
Mar 201405,41795.895.06$27,393
Feb 201404,80797.406.19$29,765
Jan 201405,34590.404.86$25,981
Dec 201305,26191.824.35$22,909
Nov 201305,31288.853.74$19,858
Oct 201305,67097.423.78$21,429
Sep 201304,895104.113.72$18,198
Aug 201304,446104.253.52$15,662
Jul 201304,689102.523.72$17,432
Jun 201304,96194.403.93$19,514
May 201305,36194.834.15$22,243
Apr 201305,21993.964.28$22,351
Mar 201305,48793.623.91$21,470
Feb 201304,95791.233.42$16,952
Jan 201305,48891.603.42$18,768
Dec 201205,92286.773.42$20,254
Nov 201205,72386.953.62$20,746
Oct 201206,23789.383.40$21,204
Sep 201206,07294.672.92$17,721
Aug 201206,32392.662.91$18,388
Jul 201206,38685.133.02$19,291
Jun 201206,33079.822.52$15,946
May 201206,69791.612.49$16,664
Apr 201206,776101.652.00$13,530
Mar 201207,071105.052.22$15,712
Feb 201206,177101.102.57$15,876
Jan 201206,48798.092.73$17,736
Dec 201106,37596.873.24$20,653
Nov 201106,25795.723.31$20,719
Oct 201106,39484.983.65$23,329
Sep 201106,18183.623.99$24,636
Aug 201106,37983.404.15$26,469
Jul 201106,59494.144.52$29,787
Jun 201106,27492.904.64$29,111
May 201106,16198.134.40$27,138
Apr 201107,058105.964.33$30,584
Mar 201107,91496.364.06$32,110
Feb 201106,60985.644.18$27,625
Jan 201106,52086.504.59$29,919
Dec 201007,00485.734.35$30,452
Nov 201007,25280.843.80$27,524
Oct 201007,71378.103.51$27,064
Sep 201007,80472.633.98$31,056
Aug 201008,39173.684.42$37,083
Jul 201009,12872.554.74$43,235
Jun 201005,88470.364.91$28,893
May 201008,51071.124.24$36,042
Apr 201008,60181.694.12$35,459
Mar 201009,08978.394.39$39,889
Feb 201008,44273.585.44$45,944
Jan 201008,83574.365.96$52,693
Dec 200909,10971.445.48$49,951
Nov 200909,00074.593.75$33,764
Oct 200909,29072.544.11$38,184
Sep 200909,61465.543.06$29,465
Aug 200909,70667.423.22$31,239
Jul 200909,76161.133.46$33,817
Jun 200909,48666.163.90$36,948
May 200909,90854.743.93$38,896
Apr 200909,77546.773.59$35,068
Mar 2009010,21342.144.06$41,455
Feb 200909,41332.814.63$43,610
Jan 2009011,05535.865.37$59,376
Dec 2008011,04437.105.98$66,012
Nov 2008010,78855.496.86$74,010
Oct 2008011,62275.246.92$80,447
Sep 2008011,576101.767.88$91,185
Aug 2008012,066114.228.48$102,356
Jul 2008011,781131.0811.39$134,179
Jun 200807,869131.3313.03$102,554
May 2008011,359123.1711.57$131,472
Apr 2008010,331110.3110.45$108,009
Mar 2008013,657101.909.66$131,982
Feb 2008012,18092.538.77$106,826
Jan 2008014,95790.388.21$122,733
Dec 2007016,00288.337.30$116,846
Nov 2007016,83291.677.29$122,734
Oct 2007019,42482.856.92$134,453
Sep 2007022,55175.846.24$140,812
Aug 2007017,69369.066.39$113,022
Jul 200708,78370.906.39$56,105
Jun 2007011,21062.007.55$84,618
May 2007012,08358.747.85$94,807
Apr 2007011,97259.617.81$93,444
Mar 2007012,23556.927.30$89,340
Feb 2007011,49855.108.22$94,468
Jan 2007013,34850.306.73$89,790
Dec 2006013,82156.656.92$95,620
Nov 2006013,15854.207.62$100,231
Oct 2006013,68654.906.01$82,305
Sep 2006012,76060.085.04$64,275
Aug 2006013,60968.717.34$99,889
Jul 2006013,94969.376.34$88,475
Jun 2006013,67166.286.38$87,274
May 2006014,68566.016.42$94,351
Apr 2006014,66364.397.36$107,927
Mar 2006015,64756.707.08$110,826
Feb 2006014,38057.597.75$111,461
Jan 2006016,54360.598.93$147,784
Dec 2005016,92754.9413.42$227,082
Nov 2005015,91954.6910.59$168,557
Oct 2005015,74658.3413.80$217,228
Sep 2005017,51661.4512.08$211,576
Aug 2005019,25061.519.80$188,589
Jul 2005016,30255.697.84$127,867
Jun 2005019,92152.337.38$147,038
May 2005021,22745.226.65$141,184
Apr 2005022,50449.207.36$165,640
Mar 2005026,07650.377.15$186,571
Feb 2005023,47445.226.31$148,166
Jan 2005089443.166.32$5,652
Dec 2004024,88739.866.75$168,014
Nov 2004023,64345.286.33$149,670
Oct 2004025,24649.706.52$164,480
Sep 2004027,27443.245.28$144,113
Aug 2004027,91642.375.55$154,952
Jul 2004028,40838.286.08$172,839
Jun 2004030,43436.106.43$195,783
May 2004028,14437.486.49$182,783
Apr 2004027,56434.475.86$161,483
Mar 2004029,60934.365.53$163,742
Feb 2004036,11232.455.51$198,963
Jan 2004055,09832.036.30$347,098
Dec 2003052,84330.266.30$332,998
Nov 2003042,90928.804.60$197,174
Oct 2003331,19228.174.76$148,547
Sep 2003016,57526.314.75$78,721
Aug 2003030,23529.765.13$155,097
Jul 2003036,12129.415.17$186,776
Jun 2003036,79128.565.98$220,119
May 2003010,81326.595.97$64,583

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                2,032 Mcf  × $  3.05 =     $6,189

────────────────────────────────────────────────────
Month total                                   $6,189

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. 09/G/195976 is the state's own key, not one this site invented.