BINFORD

Name: BINFORD lease production and value, Oct 2003 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BORDERLINE OPERATING CORP. (P-5 82999) 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 197460District 09Field 652802002 tax incentive programmesCondensateGasSave Export

Value, all time

$1.1 M

Oct 2003 – Jul 2017

Value, last 12 filed months

$3 k

at the published price for each month

Months reported

166

no gaps in the span

Streams

condensate, gas

The NEWARK, EAST (BARNETT SHALE) 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 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”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2006-01-31	165645
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	4,473 bbl	$185,512
Gas	Production	142,640 Mcf	$872,584
Total			$1,058,097

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 33.3226, -97.4760. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.32264, -97.47598 · 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

8,346 ft

1 wells filed one

Completion to plug

13.3 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 8,346 ft.

Completions filed

Oct 2003

1 of 1 wells

Plug dates filed

Jan 2017

1 of 1 wells

Last completion to plug: a median of 13.3 years across the 1 well that filed both dates, with the middle half between 13.3 years and 13.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-49735359	1	8,346 ft	Oct 2003	Jan 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 (166)

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

166 months


Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
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	52	0	50.45	2.95	$2,623
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	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	24	32.36	2.00	$48
Nov 2015	0	156	38.79	2.17	$338
Oct 2015	0	24	43.55	2.43	$58
Sep 2015	0	101	42.99	2.76	$279
Aug 2015	0	145	40.16	2.87	$417
Jul 2015	0	324	48.15	2.95	$954
Jun 2015	0	236	56.15	2.88	$680
May 2015	0	12	55.21	2.96	$35
Apr 2015	0	234	49.82	2.71	$633
Mar 2015	0	342	42.89	2.93	$1,004
Feb 2015	0	634	44.66	2.98	$1,887
Jan 2015	0	381	43.43	3.10	$1,181
Dec 2014	0	378	54.69	3.59	$1,358
Nov 2014	0	498	70.46	4.25	$2,117
Oct 2014	0	521	78.30	3.90	$2,032
Sep 2014	0	498	86.16	4.05	$2,015
Aug 2014	0	521	89.39	4.04	$2,102
Jul 2014	0	521	96.56	4.18	$2,178
Jun 2014	0	498	98.16	4.74	$2,359
May 2014	0	521	94.73	4.73	$2,463
Apr 2014	0	498	95.94	4.81	$2,395
Mar 2014	0	521	95.89	5.06	$2,635
Feb 2014	0	651	97.40	6.19	$4,031
Jan 2014	0	50	90.40	4.86	$243
Dec 2013	0	70	91.82	4.35	$305
Nov 2013	0	156	88.85	3.74	$583
Oct 2013	0	546	97.42	3.78	$2,064
Sep 2013	0	602	104.11	3.72	$2,238
Aug 2013	82	848	104.25	3.52	$11,536
Jul 2013	0	287	102.52	3.72	$1,067
Jun 2013	0	344	94.40	3.93	$1,353
May 2013	0	541	94.83	4.15	$2,245
Apr 2013	0	659	93.96	4.28	$2,822
Mar 2013	0	628	93.62	3.91	$2,457
Feb 2013	0	621	91.23	3.42	$2,124
Jan 2013	0	755	91.60	3.42	$2,582
Dec 2012	0	602	86.77	3.42	$2,059
Nov 2012	0	489	86.95	3.62	$1,773
Oct 2012	0	848	89.38	3.40	$2,883
Sep 2012	0	588	94.67	2.92	$1,716
Aug 2012	0	595	92.66	2.91	$1,730
Jul 2012	0	687	85.13	3.02	$2,075
Jun 2012	0	668	79.82	2.52	$1,683
May 2012	0	664	91.61	2.49	$1,652
Apr 2012	0	442	101.65	2.00	$883
Mar 2012	0	540	105.05	2.22	$1,200
Feb 2012	0	681	101.10	2.57	$1,750
Jan 2012	0	387	98.09	2.73	$1,058
Dec 2011	0	631	96.87	3.24	$2,044
Nov 2011	0	696	95.72	3.31	$2,305
Oct 2011	0	682	84.98	3.65	$2,488
Sep 2011	0	693	83.62	3.99	$2,762
Aug 2011	0	1,033	83.40	4.15	$4,286
Jul 2011	1	840	94.14	4.52	$3,889
Jun 2011	1	502	92.90	4.64	$2,422
May 2011	0	773	98.13	4.40	$3,405
Apr 2011	1	818	105.96	4.33	$3,651
Mar 2011	2	898	96.36	4.06	$3,836
Feb 2011	3	469	85.64	4.18	$2,217
Jan 2011	0	78	86.50	4.59	$358
Dec 2010	0	69	85.73	4.35	$300
Nov 2010	0	539	80.84	3.80	$2,046
Oct 2010	139	1,573	78.10	3.51	$16,375
Sep 2010	0	2,262	72.63	3.98	$9,002
Aug 2010	0	2,521	73.68	4.42	$11,141
Jul 2010	0	1,956	72.55	4.74	$9,265
Jun 2010	0	1,495	70.36	4.91	$7,341
May 2010	0	2,460	71.12	4.24	$10,419
Apr 2010	0	1,593	81.69	4.12	$6,567
Mar 2010	0	1,118	78.39	4.39	$4,907
Feb 2010	0	97	73.58	5.44	$528
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	90	71.44	5.48	$494
Nov 2009	0	407	74.59	3.75	$1,527
Oct 2009	0	493	72.54	4.11	$2,026
Sep 2009	0	578	65.54	3.06	$1,771
Aug 2009	0	494	67.42	3.22	$1,590
Jul 2009	0	639	61.13	3.46	$2,214
Jun 2009	0	666	66.16	3.90	$2,594
May 2009	0	791	54.74	3.93	$3,105
Apr 2009	0	523	46.77	3.59	$1,876
Mar 2009	0	857	42.14	4.06	$3,479
Feb 2009	0	642	32.81	4.63	$2,974
Jan 2009	0	746	35.86	5.37	$4,007
Dec 2008	0	706	37.10	5.98	$4,220
Nov 2008	0	758	55.49	6.86	$5,200
Oct 2008	0	1,200	75.24	6.92	$8,306
Sep 2008	0	1,183	101.76	7.88	$9,319
Aug 2008	0	625	114.22	8.48	$5,302
Jul 2008	0	928	131.08	11.39	$10,569
Jun 2008	0	909	131.33	13.03	$11,847
May 2008	164	1,170	123.17	11.57	$33,742
Apr 2008	0	1,224	110.31	10.45	$12,797
Mar 2008	0	1,550	101.90	9.66	$14,979
Feb 2008	0	1,346	92.53	8.77	$11,805
Jan 2008	0	1,496	90.38	8.21	$12,276
Dec 2007	0	1,541	88.33	7.30	$11,252
Nov 2007	0	1,578	91.67	7.29	$11,506
Oct 2007	0	1,810	82.85	6.92	$12,529
Sep 2007	0	2,166	75.84	6.24	$13,525
Aug 2007	0	2,536	69.06	6.39	$16,200
Jul 2007	0	450	70.90	6.39	$2,875
Jun 2007	0	625	62.00	7.55	$4,718
May 2007	0	847	58.74	7.85	$6,646
Apr 2007	0	969	59.61	7.81	$7,563
Mar 2007	0	921	56.92	7.30	$6,725
Feb 2007	0	880	55.10	8.22	$7,230
Jan 2007	0	855	50.30	6.73	$5,751
Dec 2006	0	611	56.65	6.92	$4,227
Nov 2006	0	1,278	54.20	7.62	$9,735
Oct 2006	0	984	54.90	6.01	$5,918
Sep 2006	0	776	60.08	5.04	$3,909
Aug 2006	0	1,573	68.71	7.34	$11,546
Jul 2006	0	1,553	69.37	6.34	$9,850
Jun 2006	0	912	66.28	6.38	$5,822
May 2006	0	1,097	66.01	6.42	$7,048
Apr 2006	162	877	64.39	7.36	$16,886
Mar 2006	0	997	56.70	7.08	$7,062
Feb 2006	0	1,236	57.59	7.75	$9,580
Jan 2006	0	1,262	60.59	8.93	$11,274
Dec 2005	0	1,595	54.94	13.42	$21,398
Nov 2005	0	1,583	54.69	10.59	$16,761
Oct 2005	0	2,276	58.34	13.80	$31,399
Sep 2005	0	1,327	61.45	12.08	$16,029
Aug 2005	0	775	61.51	9.80	$7,593
Jul 2005	0	825	55.69	7.84	$6,471
Jun 2005	0	1,163	52.33	7.38	$8,584
May 2005	0	1,409	45.22	6.65	$9,371
Apr 2005	158	654	49.20	7.36	$12,587
Mar 2005	0	1,383	50.37	7.15	$9,895
Feb 2005	0	1,709	45.22	6.31	$10,787
Jan 2005	0	1,690	43.16	6.32	$10,685
Dec 2004	0	2,508	39.86	6.75	$16,932
Nov 2004	168	821	45.28	6.33	$12,804
Oct 2004	0	2,303	49.70	6.52	$15,004
Sep 2004	0	2,056	43.24	5.28	$10,864
Aug 2004	170	2,393	42.37	5.55	$20,486
Jul 2004	0	2,860	38.28	6.08	$17,401
Jun 2004	182	2,694	36.10	6.43	$23,901
May 2004	0	663	37.48	6.49	$4,306
Apr 2004	362	2,787	34.47	5.86	$28,806
Mar 2004	530	3,925	34.36	5.53	$39,917
Feb 2004	691	3,839	32.45	5.51	$43,574
Jan 2004	722	4,377	32.03	6.30	$50,699
Dec 2003	883	1,247	30.26	6.30	$34,578
Nov 2003	0	90	28.80	4.60	$414
Oct 2003	0	0	28.17	4.76	$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.

Feb 2017 — as filed, then multipliedworked

Condensate            52 bbl  × $ 50.45 =     $2,623
Gas                    0 Mcf  × $  2.95 =         $0

────────────────────────────────────────────────────
Month total                                   $2,623

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/197460 is the state's own key, not one this site invented.