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 196674District 09Field 65280200CondensateGasSaveExport
Value, all time
$6.6 M
Jun 2003 – May 2026
Value, last 12 filed months
$55 k
at the published price for each month
Months reported
276
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
CondensateDisposition1 bbl$75
GasProduction1,216,907 Mcf$6,620,962
Total$6,621,037

Every month this lease reported (276)

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

276 months

May 202601,445106.413.05$4,401
Apr 202601,17798.932.87$3,378
Mar 202601,47789.753.15$4,652
Feb 2026022463.503.75$840
Jan 2026024059.138.00$1,920
Dec 202501,50456.664.41$6,638
Nov 202501,52158.593.93$5,972
Oct 202501,58059.383.30$5,222
Sep 202501,63762.743.08$5,037
Aug 202501,71563.933.01$5,170
Jul 202501,75666.743.32$5,821
Jun 202501,76866.483.13$5,532
May 202501,80160.553.23$5,821
Apr 202501,68062.363.54$5,952
Mar 202501,72167.704.27$7,346
Feb 202501,47470.884.34$6,398
Jan 202501,68974.324.28$7,227
Dec 202401,77368.993.12$5,534
Nov 202401,73769.052.20$3,819
Oct 202401,94371.372.28$4,433
Sep 202401,84669.612.36$4,365
Aug 202402,00275.632.06$4,131
Jul 202402,02979.932.15$4,355
Jun 202401,92878.082.63$5,078
May 202401,83678.812.20$4,036
Apr 202401,82584.451.66$3,028
Mar 202402,01680.301.55$3,115
Feb 202401,74776.091.78$3,116
Jan 202401,61173.023.30$5,313
Dec 202301,75771.262.61$4,587
Nov 202301,68577.892.81$4,731
Oct 202301,68485.443.09$5,199
Sep 202301,84489.042.74$5,043
Aug 202301,92680.522.67$5,148
Jul 202301,84674.852.64$4,877
Jun 202301,51868.962.26$3,428
May 202301,82470.622.23$4,063
Apr 202301,72378.122.24$3,856
Mar 202301,70372.852.39$4,076
Feb 202301,49775.112.47$3,691
Jan 202301,60076.533.39$5,420
Dec 202201,68976.415.73$9,676
Nov 202201,65185.005.65$9,322
Oct 202201,89287.185.86$11,094
Sep 202201,78084.888.16$14,531
Aug 202201,50694.529.13$13,746
Jul 202201,672101.587.54$12,610
Jun 202201,664115.097.98$13,274
May 202201,816109.378.43$15,314
Apr 202201,700104.226.84$11,624
Mar 202201,783108.885.08$9,051
Feb 202201,25891.054.86$6,112
Jan 202201,55281.844.54$7,042
Dec 202101,48971.323.90$5,806
Nov 202101,21077.435.24$6,337
Oct 202101,41579.795.71$8,085
Sep 202101,37869.865.35$7,374
Aug 202101,85366.024.22$7,821
Jul 202101,88570.783.98$7,506
Jun 202101,96469.493.38$6,640
May 202101,97863.483.02$5,969
Apr 202101,91960.362.76$5,293
Mar 202101,99261.302.72$5,412
Feb 202101,52857.805.55$8,477
Jan 202101,85950.412.81$5,224
Dec 202001,88744.642.68$5,049
Nov 202001,89838.772.71$5,137
Oct 202001,97336.972.48$4,890
Sep 202001,92437.091.99$3,831
Aug 202002,04439.982.39$4,875
Jul 202002,05538.371.83$3,751
Jun 202001,98534.901.69$3,355
May 202002,10816.921.81$3,825
Apr 202001,99114.751.80$3,593
Mar 202002,09230.341.86$3,883
Feb 202001,95949.881.98$3,880
Jan 202002,06357.252.09$4,321
Dec 201902,05459.012.30$4,733
Nov 201901,98155.302.75$5,449
Oct 201902,10253.472.42$5,084
Sep 201902,13755.052.66$5,679
Aug 201902,17353.112.30$5,007
Jul 201902,26556.272.46$5,572
Jun 201902,14652.782.49$5,346
May 201902,24358.482.74$6,147
Apr 201902,09562.632.75$5,763
Mar 201902,10056.803.06$6,430
Feb 201901,84450.852.79$5,149
Jan 201901,99246.033.23$6,431
Dec 201801,98646.594.19$8,312
Nov 201801,92452.934.24$8,152
Oct 201801,86961.443.40$6,351
Sep 201801,83759.543.11$5,709
Aug 201801,76259.403.07$5,403
Jul 201801,79665.142.93$5,266
Jun 201801,67360.183.08$5,148
May 201801,75565.382.90$5,091
Apr 201801,59163.842.90$4,615
Mar 201801,71161.222.79$4,768
Feb 201801,49961.782.77$4,146
Jan 201801,61662.874.01$6,479
Dec 201701,68357.272.92$4,917
Nov 201701,60655.423.12$5,008
Oct 201701,83049.292.98$5,460
Sep 201701,78047.523.09$5,495
Aug 201701,82845.373.00$5,492
Jul 201701,78843.873.09$5,520
Jun 201701,66842.493.09$5,150
May 201701,72045.373.26$5,613
Apr 201701,72647.933.21$5,543
Mar 201701,88346.772.98$5,618
Feb 201701,80650.452.95$5,332
Jan 201701,94049.413.42$6,632
Dec 201601,89848.763.72$7,066
Nov 201601,88242.492.64$4,977
Oct 201602,04446.193.09$6,316
Sep 201602,06241.553.10$6,394
Aug 201602,26541.442.92$6,624
Jul 201602,45841.622.92$7,188
Jun 201602,61945.352.69$7,034
May 201602,62842.521.99$5,232
Apr 201602,42236.561.99$4,822
Mar 201602,61333.011.79$4,688
Feb 201602,39226.472.06$4,936
Jan 201602,88227.352.36$6,814
Dec 201502,73932.362.00$5,482
Nov 201502,72938.792.17$5,915
Oct 201502,85943.552.43$6,938
Sep 201502,85942.992.76$7,886
Aug 201503,04040.162.87$8,732
Jul 201503,14848.152.95$9,271
Jun 201503,00356.152.88$8,657
May 201503,16655.212.96$9,357
Apr 201503,12149.822.71$8,447
Mar 201503,15842.892.93$9,268
Feb 201503,30744.662.98$9,842
Jan 201503,73843.433.10$11,590
Dec 201403,56354.693.59$12,796
Nov 201403,20770.464.25$13,636
Oct 201404,72378.303.90$18,424
Sep 201403,27286.164.05$13,237
Aug 201403,04389.394.04$12,279
Jul 201403,06496.564.18$12,806
Jun 201402,91198.164.74$13,789
May 201403,00794.734.73$14,213
Apr 201402,97795.944.81$14,317
Mar 201403,01695.895.06$15,251
Feb 201402,89997.406.19$17,951
Jan 201403,35990.404.86$16,327
Dec 201303,37991.824.35$14,714
Nov 201303,26888.853.74$12,217
Oct 201303,28597.423.78$12,415
Sep 201303,475104.113.72$12,919
Aug 201303,597104.253.52$12,671
Jul 201303,327102.523.72$12,369
Jun 201303,34394.403.93$13,149
May 201302,97594.834.15$12,344
Apr 201302,78993.964.28$11,944
Mar 201303,00793.623.91$11,766
Feb 201302,57691.233.42$8,810
Jan 201302,88391.603.42$9,860
Dec 201202,91486.773.42$9,966
Nov 201202,84686.953.62$10,317
Oct 201202,96289.383.40$10,070
Sep 201203,00694.672.92$8,773
Aug 201202,97692.662.91$8,655
Jul 201203,10085.133.02$9,364
Jun 201203,03079.822.52$7,633
May 201203,22491.612.49$8,022
Apr 201203,322101.652.00$6,633
Mar 201203,752105.052.22$8,337
Feb 201203,173101.102.57$8,155
Jan 201203,24098.092.73$8,858
Dec 201103,53996.873.24$11,465
Nov 201103,74095.723.31$12,384
Oct 201103,67284.983.65$13,397
Sep 201103,34083.623.99$13,313
Aug 201103,51583.404.15$14,585
Jul 201103,79294.144.52$17,129
Jun 201103,76992.904.64$17,488
May 201103,86798.134.40$17,033
Apr 201103,708105.964.33$16,068
Mar 201103,83696.364.06$15,564
Feb 201103,41085.644.18$14,254
Jan 201104,22486.504.59$19,383
Dec 201004,14385.734.35$18,013
Nov 201003,90680.843.80$14,825
Oct 201004,23778.103.51$14,867
Sep 201004,07872.633.98$16,228
Aug 201004,03673.684.42$17,837
Jul 201003,99172.554.74$18,903
Jun 201004,29670.364.91$21,095
May 201005,67171.124.24$24,018
Apr 201004,69581.694.12$19,356
Mar 201005,38078.394.39$23,611
Feb 201005,31773.585.44$28,937
Jan 201005,23274.365.96$31,204
Dec 200905,70671.445.48$31,290
Nov 200912,52674.593.75$9,551
Oct 200905,16772.544.11$21,238
Sep 200904,98465.543.06$15,275
Aug 200905,36167.423.22$17,254
Jul 200905,72261.133.46$19,824
Jun 200905,29966.163.90$20,640
May 200905,79854.743.93$22,762
Apr 200905,94746.773.59$21,335
Mar 200906,42342.144.06$26,071
Feb 200906,43832.814.63$29,827
Jan 200907,16735.865.37$38,494
Dec 200805,17837.105.98$30,950
Nov 200805,59855.496.86$38,404
Oct 200806,47175.246.92$44,792
Sep 200806,297101.767.88$49,602
Aug 200806,668114.228.48$56,565
Jul 200805,802131.0811.39$66,081
Jun 200802,955131.3313.03$38,511
May 200802,746123.1711.57$31,783
Apr 200803,223110.3110.45$33,696
Mar 200804,704101.909.66$45,460
Feb 200804,18692.538.77$36,714
Jan 200804,65290.388.21$38,173
Dec 200705,48388.337.30$40,037
Nov 200705,22691.677.29$38,106
Oct 200705,96682.856.92$41,297
Sep 200706,26875.846.24$39,138
Aug 200705,47269.066.39$34,955
Jul 200706,07870.906.39$38,826
Jun 200706,00562.007.55$45,328
May 200705,91958.747.85$46,442
Apr 200705,87659.617.81$45,863
Mar 200706,17656.927.30$45,097
Feb 200706,14955.108.22$50,520
Jan 200706,96550.306.73$46,853
Dec 200607,28156.656.92$50,373
Nov 200606,42154.207.62$48,912
Oct 200606,50954.906.01$39,144
Sep 200606,36760.085.04$32,072
Aug 200606,59868.717.34$48,429
Jul 200606,24369.376.34$39,598
Jun 200606,54666.286.38$41,789
May 200607,50066.016.42$48,188
Apr 200607,39464.397.36$54,423
Mar 200607,88256.707.08$55,828
Feb 200607,38657.597.75$57,250
Jan 200608,99060.598.93$80,311
Dec 2005010,35254.9413.42$138,876
Nov 200509,21854.6910.59$97,604
Oct 2005010,31558.3413.80$142,303
Sep 2005011,12161.4512.08$134,331
Aug 2005010,33061.519.80$101,201
Jul 200509,57055.697.84$75,064
Jun 200506,37552.337.38$47,054
May 200506,71145.226.65$44,636
Apr 200507,79349.207.36$57,360
Mar 2005014,91450.377.15$106,708
Feb 2005013,12945.226.31$82,869
Jan 200503,49143.166.32$22,071
Dec 2004012,77439.866.75$86,238
Nov 2004014,00445.286.33$88,651
Oct 2004014,78649.706.52$96,332
Sep 2004015,20943.245.28$80,363
Aug 2004015,68742.375.55$87,073
Jul 2004017,59638.286.08$107,057
Jun 2004019,06536.106.43$122,646
May 2004018,84437.486.49$122,384
Apr 2004019,59734.475.86$114,808
Mar 2004018,78834.365.53$103,900
Feb 2004020,62532.455.51$113,636
Jan 2004038,23132.036.30$240,842
Dec 2003031,48330.266.30$198,395
Nov 2003024,38128.804.60$112,035
Oct 2003017,72328.174.76$84,355
Sep 2003013,67526.314.75$64,948
Aug 20030029.765.13$0
Jul 2003025,00429.415.17$129,292
Jun 200306,35228.565.98$38,004

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                1,445 Mcf  × $  3.05 =     $4,401

────────────────────────────────────────────────────
Month total                                   $4,401

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/196674 is the state's own key, not one this site invented.