BONDS RANCH "A"

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 198097District 09Field 65280200CondensateGasSaveExport
Value, all time
$2.0 M
Aug 2003 – May 2026
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
274
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$89
GasProduction359,563 Mcf$2,010,797
Total$2,010,887

Every month this lease reported (274)

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

274 months

May 20260153106.413.05$466
Apr 2026011198.932.87$319
Mar 2026013189.753.15$413
Feb 20260563.503.75$19
Jan 20260159.138.00$8
Dec 20250556.664.41$22
Nov 2025014558.593.93$569
Oct 2025020059.383.30$661
Sep 2025016962.743.08$520
Aug 2025014663.933.01$440
Jul 2025016866.743.32$557
Jun 2025014466.483.13$451
May 2025014760.553.23$475
Apr 2025016062.363.54$567
Mar 2025017067.704.27$726
Feb 2025015370.884.34$664
Jan 2025016074.324.28$685
Dec 2024015068.993.12$468
Nov 2024014869.052.20$325
Oct 2024017271.372.28$392
Sep 2024014069.612.36$331
Aug 2024013675.632.06$281
Jul 2024016079.932.15$343
Jun 2024015178.082.63$398
May 2024012578.812.20$275
Apr 2024010984.451.66$181
Mar 2024013780.301.55$212
Feb 2024016876.091.78$300
Jan 2024016373.023.30$538
Dec 2023015571.262.61$405
Nov 2023014577.892.81$407
Oct 2023014785.443.09$454
Sep 2023016689.042.74$454
Aug 2023019080.522.67$508
Jul 2023020474.852.64$539
Jun 2023018868.962.26$425
May 2023020670.622.23$459
Apr 2023019978.122.24$445
Mar 2023021772.852.39$519
Feb 2023020075.112.47$493
Jan 2023024176.533.39$816
Dec 2022024976.415.73$1,427
Nov 2022023885.005.65$1,344
Oct 2022026687.185.86$1,560
Sep 2022027084.888.16$2,204
Aug 2022029594.529.13$2,693
Jul 20220313101.587.54$2,361
Jun 20220343115.097.98$2,736
May 20220166109.378.43$1,400
Apr 20220199104.226.84$1,361
Mar 20220202108.885.08$1,025
Feb 2022016491.054.86$797
Jan 2022018881.844.54$853
Dec 2021013971.323.90$542
Nov 2021017877.435.24$932
Oct 2021020079.795.71$1,143
Sep 2021017969.865.35$958
Aug 2021020066.024.22$844
Jul 2021018570.783.98$737
Jun 2021020069.493.38$676
May 2021017363.483.02$522
Apr 2021017860.362.76$491
Mar 2021018961.302.72$514
Feb 2021015657.805.55$865
Jan 2021017450.412.81$489
Dec 2020013844.642.68$369
Nov 2020011138.772.71$300
Oct 2020013036.972.48$322
Sep 2020013637.091.99$271
Aug 2020014839.982.39$353
Jul 2020016638.371.83$303
Jun 2020018234.901.69$308
May 2020019216.921.81$348
Apr 2020018814.751.80$339
Mar 2020017230.341.86$319
Feb 2020016649.881.98$329
Jan 2020025757.252.09$538
Dec 2019024759.012.30$569
Nov 2019021455.302.75$589
Oct 2019014553.472.42$351
Sep 2019014155.052.66$375
Aug 2019014753.112.30$339
Jul 2019029556.272.46$726
Jun 2019016652.782.49$414
May 2019034758.482.74$951
Apr 201901162.632.75$30
Mar 201907956.803.06$242
Feb 2019034750.852.79$969
Jan 2019048246.033.23$1,556
Dec 2018062346.594.19$2,608
Nov 2018015552.934.24$657
Oct 2018019861.443.40$673
Sep 201801,06559.543.11$3,310
Aug 2018062859.403.07$1,926
Jul 2018094765.142.93$2,776
Jun 2018076260.183.08$2,345
May 201801,05465.382.90$3,057
Apr 201801,17963.842.90$3,420
Mar 2018094561.222.79$2,634
Feb 2018058261.782.77$1,610
Jan 2018074262.874.01$2,975
Dec 2017077357.272.92$2,258
Nov 2017089355.423.12$2,785
Oct 201701,09149.292.98$3,255
Sep 201701,28947.523.09$3,980
Aug 201701,47345.373.00$4,425
Jul 2017069243.873.09$2,136
Jun 2017083742.493.09$2,584
May 2017085845.373.26$2,800
Apr 2017076747.933.21$2,463
Mar 2017079446.772.98$2,369
Feb 2017078750.452.95$2,324
Jan 2017074949.413.42$2,561
Dec 2016077148.763.72$2,870
Nov 2016093242.492.64$2,465
Oct 201601,09246.193.09$3,375
Sep 201601,25441.553.10$3,888
Aug 2016042041.442.92$1,228
Jul 2016043541.622.92$1,272
Jun 2016038245.352.69$1,026
May 2016052642.521.99$1,047
Apr 2016046336.561.99$922
Mar 2016078333.011.79$1,405
Feb 2016035426.472.06$731
Jan 2016027327.352.36$645
Dec 2015030532.362.00$610
Nov 2015076138.792.17$1,649
Oct 2015084543.552.43$2,050
Sep 2015072242.992.76$1,992
Aug 2015071340.162.87$2,048
Jul 2015060048.152.95$1,767
Jun 2015073256.152.88$2,110
May 2015099955.212.96$2,952
Apr 201501,18949.822.71$3,218
Mar 201501,30842.892.93$3,839
Feb 2015084644.662.98$2,518
Jan 201501,20243.433.10$3,727
Dec 201401,35354.693.59$4,859
Nov 201401,34470.464.25$5,714
Oct 201401,28078.303.90$4,993
Sep 201401,18286.164.05$4,782
Aug 201401,45389.394.04$5,863
Jul 201401,38996.564.18$5,805
Jun 201401,27598.164.74$6,040
May 201401,49294.734.73$7,052
Apr 201401,14395.944.81$5,497
Mar 201401,20095.895.06$6,068
Feb 2014083097.406.19$5,139
Jan 201401,31390.404.86$6,382
Dec 201301,40091.824.35$6,096
Nov 201301,02788.853.74$3,839
Oct 201301,56597.423.78$5,915
Sep 201301,388104.113.72$5,160
Aug 20130206104.253.52$726
Jul 20130119102.523.72$442
Jun 2013012494.403.93$488
May 2013015594.834.15$643
Apr 2013012293.964.28$522
Mar 201303293.623.91$125
Feb 201305791.233.42$195
Jan 201303191.603.42$106
Dec 201203186.773.42$106
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 201203194.672.92$90
Aug 201203192.662.91$90
Jul 201203285.133.02$97
Jun 201203079.822.52$76
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 2012032105.052.22$71
Feb 2012042101.102.57$108
Jan 201203698.092.73$98
Dec 2011012196.873.24$392
Nov 201108395.723.31$275
Oct 201102584.983.65$91
Sep 201108483.623.99$335
Aug 201105883.404.15$241
Jul 2011022894.144.52$1,030
Jun 2011026492.904.64$1,225
May 2011031698.134.40$1,392
Apr 20110295105.964.33$1,278
Mar 2011038296.364.06$1,550
Feb 2011029285.644.18$1,221
Jan 2011052586.504.59$2,409
Dec 2010090985.734.35$3,952
Nov 2010078580.843.80$2,979
Oct 2010063578.103.51$2,228
Sep 2010064072.633.98$2,547
Aug 2010053673.684.42$2,369
Jul 2010080472.554.74$3,808
Jun 2010082470.364.91$4,046
May 2010039271.124.24$1,660
Apr 2010031281.694.12$1,286
Mar 2010035278.394.39$1,545
Feb 2010035673.585.44$1,937
Jan 201001,95574.365.96$11,660
Dec 200901,63771.445.48$8,977
Nov 2009069874.593.75$2,619
Oct 200901,09872.544.11$4,513
Sep 2009052765.543.06$1,615
Aug 2009046267.423.22$1,487
Jul 2009043461.133.46$1,504
Jun 2009042466.163.90$1,651
May 2009039154.743.93$1,535
Apr 2009039246.773.59$1,406
Mar 2009040842.144.06$1,656
Feb 2009036832.814.63$1,705
Jan 2009048535.865.37$2,605
Dec 2008042437.105.98$2,534
Nov 2008051455.496.86$3,526
Oct 2008044475.246.92$3,073
Sep 20080426101.767.88$3,356
Aug 20080532114.228.48$4,513
Jul 20080484131.0811.39$5,512
Jun 20080414131.3313.03$5,396
May 20080415123.1711.57$4,803
Apr 20080418110.3110.45$4,370
Mar 20080124101.909.66$1,198
Feb 2008024192.538.77$2,114
Jan 2008051190.388.21$4,193
Dec 2007058588.337.30$4,272
Nov 2007059291.677.29$4,317
Oct 2007073582.856.92$5,088
Sep 2007046375.846.24$2,891
Aug 2007069069.066.39$4,408
Jul 2007059370.906.39$3,788
Jun 2007064462.007.55$4,861
May 200701,01158.747.85$7,933
Apr 200701,09759.617.81$8,562
Mar 200701,11556.927.30$8,142
Feb 2007094355.108.22$7,748
Jan 2007077050.306.73$5,180
Dec 2006086156.656.92$5,957
Nov 2006096154.207.62$7,320
Oct 200601,23654.906.01$7,433
Sep 200601,31060.085.04$6,599
Aug 2006096268.717.34$7,061
Jul 200601,03969.376.34$6,590
Jun 200601,10866.286.38$7,073
May 200601,05566.016.42$6,778
Apr 200601,16464.397.36$8,568
Mar 200601,31556.707.08$9,314
Feb 200601,32957.597.75$10,301
Jan 200601,55460.598.93$13,882
Dec 200501,51554.9413.42$20,324
Nov 200501,99754.6910.59$21,145
Oct 200501,73758.3413.80$23,963
Sep 200502,35661.4512.08$28,458
Aug 200502,32561.519.80$22,778
Jul 200502,34355.697.84$18,378
Jun 200502,83252.337.38$20,903
May 200503,28445.226.65$21,842
Apr 200504,74049.207.36$34,889
Mar 200505,72350.377.15$40,947
Feb 200506,51645.226.31$41,128
Jan 2005012,18843.166.32$77,055
Dec 2004010,72539.866.75$72,405
Nov 200409,26745.286.33$58,664
Oct 200409,85149.706.52$64,180
Sep 2004010,77143.245.28$56,913
Aug 200406,89842.375.55$38,288
Jul 200408,82438.286.08$53,687
Jun 200409,17636.106.43$59,029
May 2004012,23137.486.49$79,435
Apr 200408,32634.475.86$48,778
Mar 2004010,33834.365.53$57,171
Feb 2004011,68132.455.51$64,358
Jan 2004014,48232.036.30$91,231
Dec 2003014,79030.266.30$93,201
Nov 2003017,26228.804.60$79,322
Oct 2003016,35628.174.76$77,849
Sep 2003017,03026.314.75$80,882
Aug 200332,05229.765.13$10,615

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                  153 Mcf  × $  3.05 =       $466

────────────────────────────────────────────────────
Month total                                     $466

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/198097 is the state's own key, not one this site invented.