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 196673District 09Field 65280200CondensateGasSaveExport
Value, all time
$5.1 M
Jul 2003 – May 2026
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
275
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
CondensateDisposition4 bbl$113
GasProduction917,526 Mcf$5,100,307
Total$5,100,421

Every month this lease reported (275)

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

275 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 2025039163.933.01$1,179
Jul 202501,60466.743.32$5,318
Jun 202501,56766.483.13$4,903
May 202501,59660.553.23$5,159
Apr 202501,49562.363.54$5,297
Mar 2025013867.704.27$589
Feb 2025015070.884.34$651
Jan 202501,33674.324.28$5,716
Dec 202401,18468.993.12$3,696
Nov 202401,16269.052.20$2,555
Oct 2024098671.372.28$2,249
Sep 202401,14369.612.36$2,702
Aug 202401,14475.632.06$2,361
Jul 202401,26079.932.15$2,705
Jun 202401,21978.082.63$3,211
May 202401,22678.812.20$2,695
Apr 202401,29284.451.66$2,144
Mar 202401,40780.301.55$2,174
Feb 202401,38576.091.78$2,470
Jan 202401,39773.023.30$4,607
Dec 202301,36471.262.61$3,561
Nov 202301,26377.892.81$3,546
Oct 202301,27785.443.09$3,942
Sep 202301,11089.042.74$3,036
Aug 202301,23580.522.67$3,301
Jul 202301,29474.852.64$3,418
Jun 202301,16668.962.26$2,633
May 202301,22870.622.23$2,735
Apr 202301,23578.122.24$2,764
Mar 202302,95872.852.39$7,079
Feb 202303,13575.112.47$7,730
Jan 202303,55076.533.39$12,026
Dec 202203,32376.415.73$19,038
Nov 202202,17985.005.65$12,303
Oct 202202,21287.185.86$12,971
Sep 202201,68384.888.16$13,739
Aug 202201,50394.529.13$13,718
Jul 202201,215101.587.54$9,164
Jun 202201,411115.097.98$11,256
May 202201,407109.378.43$11,865
Apr 202201,417104.226.84$9,689
Mar 202201,841108.885.08$9,346
Feb 202201,96291.054.86$9,533
Jan 202202,28681.844.54$10,373
Dec 202101,92871.323.90$7,518
Nov 202101,98877.435.24$10,411
Oct 202101,76079.795.71$10,056
Sep 2021077569.865.35$4,147
Aug 2021080566.024.22$3,398
Jul 202101,03370.783.98$4,113
Jun 202101,18469.493.38$4,003
May 2021086263.483.02$2,601
Apr 202101,06760.362.76$2,943
Mar 202101,10761.302.72$3,008
Feb 202101,53857.805.55$8,533
Jan 202101,37350.412.81$3,859
Dec 202001,07644.642.68$2,879
Nov 202001,12438.772.71$3,042
Oct 202001,00036.972.48$2,478
Sep 2020028637.091.99$569
Aug 2020067939.982.39$1,619
Jul 2020074838.371.83$1,365
Jun 2020075834.901.69$1,281
May 2020096816.921.81$1,757
Apr 202001,28514.751.80$2,319
Mar 202001,07830.341.86$2,001
Feb 2020084949.881.98$1,682
Jan 202001,34557.252.09$2,817
Dec 201901,37959.012.30$3,178
Nov 201901,40455.302.75$3,862
Oct 201901,34953.472.42$3,263
Sep 201901,12955.052.66$3,000
Aug 2019081053.112.30$1,867
Jul 2019081256.272.46$1,998
Jun 2019065652.782.49$1,634
May 2019037158.482.74$1,017
Apr 2019061362.632.75$1,686
Mar 2019082456.803.06$2,523
Feb 2019085450.852.79$2,385
Jan 201901,20546.033.23$3,890
Dec 201801,41646.594.19$5,927
Nov 201801,23252.934.24$5,220
Oct 201801,63361.443.40$5,549
Sep 201801,76659.543.11$5,489
Aug 201801,84759.403.07$5,664
Jul 201801,72165.142.93$5,046
Jun 201801,63860.183.08$5,040
May 201801,28465.382.90$3,725
Apr 201801,26663.842.90$3,672
Mar 201801,32161.222.79$3,681
Feb 201801,67361.782.77$4,628
Jan 201801,62862.874.01$6,527
Dec 201701,46757.272.92$4,286
Nov 201701,62855.423.12$5,077
Oct 201701,18749.292.98$3,542
Sep 201701,32047.523.09$4,075
Aug 201701,64645.373.00$4,945
Jul 201701,44943.873.09$4,473
Jun 201701,23342.493.09$3,807
May 201701,64645.373.26$5,372
Apr 201701,71247.933.21$5,498
Mar 201701,34246.772.98$4,004
Feb 201701,34950.452.95$3,983
Jan 201701,83849.413.42$6,284
Dec 201601,84948.763.72$6,884
Nov 2016087842.492.64$2,322
Oct 2016081546.193.09$2,519
Sep 201601,05141.553.10$3,259
Aug 201601,46141.442.92$4,272
Jul 201601,71641.622.92$5,018
Jun 201601,80645.352.69$4,851
May 201601,65242.521.99$3,289
Apr 201601,67436.561.99$3,333
Mar 201601,70633.011.79$3,061
Feb 201601,96226.472.06$4,049
Jan 201602,13227.352.36$5,041
Dec 201502,08132.362.00$4,165
Nov 201501,96338.792.17$4,254
Oct 201502,10443.552.43$5,106
Sep 201502,01942.992.76$5,569
Aug 201502,07540.162.87$5,960
Jul 201501,90648.152.95$5,613
Jun 201501,77756.152.88$5,123
May 201501,84055.212.96$5,438
Apr 201501,93749.822.71$5,243
Mar 201501,97642.892.93$5,799
Feb 201501,88644.662.98$5,613
Jan 201502,07243.433.10$6,425
Dec 201402,12454.693.59$7,628
Nov 201402,08170.464.25$8,848
Oct 201402,18978.303.90$8,539
Sep 201401,94586.164.05$7,868
Aug 201402,06589.394.04$8,333
Jul 201402,08596.564.18$8,714
Jun 201402,08798.164.74$9,886
May 201402,13894.734.73$10,105
Apr 201401,99395.944.81$9,585
Mar 201402,15695.895.06$10,902
Feb 201402,04497.406.19$12,656
Jan 201402,24590.404.86$10,912
Dec 201302,04691.824.35$8,909
Nov 201302,39788.853.74$8,961
Oct 201302,42297.423.78$9,154
Sep 201302,434104.113.72$9,049
Aug 201302,467104.253.52$8,690
Jul 201302,293102.523.72$8,525
Jun 201302,28094.403.93$8,968
May 201302,56694.834.15$10,647
Apr 201302,63393.964.28$11,276
Mar 201302,45893.623.91$9,618
Feb 201302,18891.233.42$7,483
Jan 201302,57691.603.42$8,810
Dec 201202,60386.773.42$8,903
Nov 201202,48486.953.62$9,004
Oct 201202,47789.383.40$8,421
Sep 201202,28094.672.92$6,654
Aug 201202,32192.662.91$6,750
Jul 201202,41485.133.02$7,292
Jun 201202,38379.822.52$6,003
May 201202,52291.612.49$6,276
Apr 201202,843101.652.00$5,677
Mar 201202,800105.052.22$6,222
Feb 201202,430101.102.57$6,246
Jan 201202,61998.092.73$7,161
Dec 201102,62396.873.24$8,498
Nov 201102,56095.723.31$8,477
Oct 201103,00984.983.65$10,978
Sep 201102,74683.623.99$10,945
Aug 201102,70083.404.15$11,203
Jul 201102,89794.144.52$13,086
Jun 201102,60392.904.64$12,078
May 201102,85998.134.40$12,593
Apr 201102,756105.964.33$11,943
Mar 201102,73196.364.06$11,081
Feb 201102,43685.644.18$10,182
Jan 201102,69886.504.59$12,381
Dec 201002,71785.734.35$11,813
Nov 201002,67280.843.80$10,141
Oct 201002,88578.103.51$10,123
Sep 201002,90772.633.98$11,568
Aug 201003,12773.684.42$13,819
Jul 201003,11972.554.74$14,773
Jun 201002,96670.364.91$14,564
May 201003,14871.124.24$13,332
Apr 201003,04281.694.12$12,541
Mar 201003,23378.394.39$14,189
Feb 201003,05173.585.44$16,605
Jan 201003,43174.365.96$20,463
Dec 200903,45871.445.48$18,963
Nov 200903,75874.593.75$14,098
Oct 200902,01972.544.11$8,299
Sep 200903,41465.543.06$10,463
Aug 200903,59667.423.22$11,574
Jul 200903,65061.133.46$12,645
Jun 200903,56366.163.90$13,878
May 200903,62854.743.93$14,243
Apr 200903,59646.773.59$12,901
Mar 200903,81142.144.06$15,469
Feb 200903,54232.814.63$16,410
Jan 200904,13235.865.37$22,193
Dec 200803,83737.105.98$22,934
Nov 200802,36155.496.86$16,197
Oct 200804,31475.246.92$29,861
Sep 200804,496101.767.88$35,415
Aug 200804,792114.228.48$40,651
Jul 200803,182131.0811.39$36,241
Jun 200801,447131.3313.03$18,858
May 200802,000123.1711.57$23,149
Apr 200802,341110.3110.45$24,475
Mar 200803,457101.909.66$33,409
Feb 200803,73592.538.77$32,758
Jan 200804,33990.388.21$35,605
Dec 200704,27288.337.30$31,194
Nov 200704,49391.677.29$32,762
Oct 200704,69382.856.92$32,485
Sep 200704,88675.846.24$30,509
Aug 200704,89069.066.39$31,237
Jul 200704,93070.906.39$31,493
Jun 200704,59162.007.55$34,655
May 200704,97358.747.85$39,020
Apr 200705,06459.617.81$39,526
Mar 200705,51256.927.30$40,248
Feb 200705,33755.108.22$43,849
Jan 200706,14650.306.73$41,343
Dec 200606,55256.656.92$45,330
Nov 200605,97654.207.62$45,522
Oct 200604,55654.906.01$27,399
Sep 200604,28460.085.04$21,579
Aug 200604,89168.717.34$35,900
Jul 200604,22569.376.34$26,798
Jun 200604,38466.286.38$27,987
May 200605,67466.016.42$36,455
Apr 200608,78964.397.36$64,691
Mar 200609,26456.707.08$65,616
Feb 200608,74057.597.75$67,745
Jan 200609,31960.598.93$83,250
Dec 200507,71054.9413.42$103,433
Nov 2005010,34954.6910.59$109,579
Oct 200507,65058.3413.80$105,538
Sep 200509,67561.4512.08$116,864
Aug 200508,02461.519.80$78,610
Jul 200507,87555.697.84$61,769
Jun 200508,43252.337.38$62,237
May 200508,96045.226.65$59,594
Apr 200508,84049.207.36$65,067
Mar 200507,58850.377.15$54,291
Feb 200509,45745.226.31$59,692
Jan 2005012,58143.166.32$79,540
Dec 200405,93439.866.75$40,061
Nov 200408,21545.286.33$52,004
Oct 200406,48349.706.52$42,237
Sep 200408,10343.245.28$42,815
Aug 200409,23142.375.55$51,238
Jul 2004010,85838.286.08$66,062
Jun 2004012,42636.106.43$79,937
May 2004020,04837.486.49$130,203
Apr 2004017,51334.475.86$102,599
Mar 2004014,45134.365.53$79,916
Feb 2004020,80832.455.51$114,644
Jan 2004019,62632.036.30$123,637
Dec 2003014,70230.266.30$92,647
Nov 2003037,50028.804.60$172,319
Oct 2003117,80128.174.76$84,755
Sep 2003113,54226.314.75$64,342
Aug 2003018,29329.765.13$93,838
Jul 20032029.415.17$59

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.

Aug 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 63.93 =         $0
Gas                  391 Mcf  × $  3.01 =     $1,179

────────────────────────────────────────────────────
Month total                                   $1,179

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/196673 is the state's own key, not one this site invented.