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 204472District 09Field 65280200CondensateGasSaveExport
Value, all time
$20.6 M
Jun 2004 – May 2026
Value, last 12 filed months
$125 k
at the published price for each month
Months reported
264
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
CondensateDisposition2 bbl$146
GasProduction3,547,501 Mcf$20,610,266
Total$20,610,412

Every month this lease reported (264)

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

264 months

May 202603,903106.413.05$11,888
Apr 202603,99498.932.87$11,462
Mar 202603,70889.753.15$11,678
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 202503,77956.664.41$16,678
Nov 202503,97358.593.93$15,600
Oct 202503,76059.383.30$12,426
Sep 202503,48662.743.08$10,726
Aug 202503,52763.933.01$10,633
Jul 202503,72566.743.32$12,349
Jun 202503,65566.483.13$11,435
May 202503,81160.553.23$12,318
Apr 202503,61462.363.54$12,805
Mar 202503,98767.704.27$17,018
Feb 202503,68370.884.34$15,987
Jan 202504,04874.324.28$17,320
Dec 202403,92368.993.12$12,245
Nov 202403,87669.052.20$8,521
Oct 202403,86271.372.28$8,811
Sep 202403,72269.612.36$8,800
Aug 202404,02475.632.06$8,304
Jul 202404,21879.932.15$9,054
Jun 202404,08578.082.63$10,760
May 202404,36578.812.20$9,596
Apr 202404,31184.451.66$7,153
Mar 202404,28580.301.55$6,621
Feb 202404,15276.091.78$7,406
Jan 202404,17673.023.30$13,771
Dec 202304,47271.262.61$11,675
Nov 202302,80077.892.81$7,861
Oct 202303,10485.443.09$9,583
Sep 202304,25289.042.74$11,629
Aug 202304,20480.522.67$11,237
Jul 202303,74474.852.64$9,891
Jun 202303,87268.962.26$8,745
May 202304,21770.622.23$9,393
Apr 202304,04478.122.24$9,050
Mar 202304,05272.852.39$9,697
Feb 202303,63375.112.47$8,958
Jan 202304,76276.533.39$16,132
Dec 202204,59476.415.73$26,319
Nov 202204,57785.005.65$25,843
Oct 202204,72887.185.86$27,724
Sep 202204,68984.888.16$38,280
Aug 202204,83794.529.13$44,148
Jul 202205,350101.587.54$40,350
Jun 202205,624115.097.98$44,864
May 202201,760109.378.43$14,842
Apr 20220366104.226.84$2,503
Mar 20220605108.885.08$3,071
Feb 202203,95591.054.86$19,217
Jan 202205,18181.844.54$23,510
Dec 202105,29271.323.90$20,634
Nov 202105,26477.435.24$27,567
Oct 202105,48479.795.71$31,335
Sep 202105,29869.865.35$28,349
Aug 202105,72366.024.22$24,154
Jul 202105,48570.783.98$21,842
Jun 202105,28769.493.38$17,873
May 202105,63463.483.02$17,002
Apr 202105,62060.362.76$15,502
Mar 202105,94761.302.72$16,158
Feb 202104,54957.805.55$25,238
Jan 202105,92950.412.81$16,662
Dec 202005,89044.642.68$15,758
Nov 202005,89938.772.71$15,966
Oct 202006,19536.972.48$15,354
Sep 202005,92837.091.99$11,803
Aug 202006,25239.982.39$14,912
Jul 202006,32438.371.83$11,542
Jun 202006,32234.901.69$10,686
May 202006,78216.921.81$12,308
Apr 202006,77314.751.80$12,221
Mar 202007,46230.341.86$13,851
Feb 202002,38249.881.98$4,718
Jan 2020028557.252.09$597
Dec 201908459.012.30$194
Nov 201905455.302.75$149
Oct 201901253.472.42$29
Sep 201901,89255.052.66$5,028
Aug 201902,73153.112.30$6,293
Jul 201903,12856.272.46$7,695
Jun 201903,56152.782.49$8,871
May 201904,06758.482.74$11,145
Apr 201903,84962.632.75$10,587
Mar 201903,55556.803.06$10,886
Feb 201903,23950.852.79$9,044
Jan 201903,79946.033.23$12,264
Dec 201804,25946.594.19$17,826
Nov 201804,15452.934.24$17,601
Oct 201803,79061.443.40$12,879
Sep 201803,69159.543.11$11,472
Aug 201803,76159.403.07$11,533
Jul 201803,84665.142.93$11,276
Jun 201803,50760.183.08$10,791
May 201804,39665.382.90$12,752
Apr 201806,04163.842.90$17,524
Mar 201806,20561.222.79$17,292
Feb 201804,88061.782.77$13,499
Jan 201805,24362.874.01$21,021
Dec 201706,34357.272.92$18,531
Nov 201706,16455.423.12$19,222
Oct 201706,53749.292.98$19,504
Sep 201706,60047.523.09$20,376
Aug 201707,70045.373.00$23,134
Jul 201707,33643.873.09$22,648
Jun 201707,54042.493.09$23,278
May 201707,85745.373.26$25,641
Apr 201707,37347.933.21$23,679
Mar 201707,96246.772.98$23,756
Feb 201707,28350.452.95$21,504
Jan 201707,95549.413.42$27,197
Dec 201607,47148.763.72$27,813
Nov 201607,46642.492.64$19,743
Oct 201607,37546.193.09$22,791
Sep 201606,94941.553.10$21,546
Aug 201608,20241.442.92$23,985
Jul 201607,76441.622.92$22,705
Jun 201607,25345.352.69$19,480
May 201608,11942.521.99$16,165
Apr 201608,49936.561.99$16,922
Mar 201607,42433.011.79$13,319
Feb 201606,80126.472.06$14,035
Jan 201607,85627.352.36$18,574
Dec 201503,09732.362.00$6,198
Nov 201507,62438.792.17$16,524
Oct 201507,19143.552.43$17,450
Sep 201507,42242.992.76$20,473
Aug 201508,01940.162.87$23,035
Jul 201507,87448.152.95$23,190
Jun 201506,39456.152.88$18,433
May 201507,42155.212.96$21,932
Apr 201507,27849.822.71$19,698
Mar 201507,77242.892.93$22,809
Feb 201507,22144.662.98$21,491
Jan 201507,96443.433.10$24,693
Dec 201408,20154.693.59$29,453
Nov 201408,17370.464.25$34,750
Oct 201408,24778.303.90$32,171
Sep 201408,31786.164.05$33,646
Aug 201409,67689.394.04$39,044
Jul 201409,59696.564.18$40,107
Jun 201408,59098.164.74$40,690
May 201408,61194.734.73$40,700
Apr 201409,31495.944.81$44,792
Mar 201409,15895.895.06$46,310
Feb 201408,58097.406.19$53,127
Jan 201409,48790.404.86$46,114
Dec 201309,97891.824.35$43,449
Nov 2013010,12488.853.74$37,846
Oct 2013010,74197.423.78$40,594
Sep 2013010,339104.113.72$38,438
Aug 2013011,010104.253.52$38,784
Jul 2013010,516102.523.72$39,096
Jun 2013010,27994.403.93$40,432
May 2013010,43794.834.15$43,304
Apr 2013010,35993.964.28$44,363
Mar 2013010,71793.623.91$41,934
Feb 201309,87791.233.42$33,778
Jan 2013010,85191.603.42$37,109
Dec 2012011,54486.773.42$39,482
Nov 2012011,48086.953.62$41,615
Oct 2012012,54289.383.40$42,639
Sep 2012012,62494.672.92$36,842
Aug 2012013,10892.662.91$38,120
Jul 2012014,55185.133.02$43,956
Jun 2012012,74279.822.52$32,098
May 2012014,47891.612.49$36,026
Apr 201207,440101.652.00$14,856
Mar 2012010,201105.052.22$22,667
Feb 201209,115101.102.57$23,428
Jan 2012010,16498.092.73$27,789
Dec 2011010,43796.873.24$33,813
Nov 201109,86995.723.31$32,679
Oct 201109,96884.983.65$36,369
Sep 2011010,04683.623.99$40,041
Aug 2011011,76283.404.15$48,804
Jul 2011012,96794.144.52$58,575
Jun 201109,73492.904.64$45,165
May 201107,50398.134.40$33,049
Apr 2011011,930105.964.33$51,696
Mar 2011013,43396.364.06$54,502
Feb 2011012,28685.644.18$51,355
Jan 2011013,61086.504.59$62,453
Dec 2010014,62885.734.35$63,599
Nov 2010014,78380.843.80$56,106
Oct 2010015,42778.103.51$54,132
Sep 2010015,61172.633.98$62,124
Aug 2010011,01073.684.42$48,657
Jul 2010016,66672.554.74$78,938
Jun 2010014,61470.364.91$71,761
May 2010117,02071.124.24$72,155
Apr 2010016,83281.694.12$69,393
Mar 2010017,99878.394.39$78,987
Feb 2010016,26773.585.44$88,531
Jan 2010018,44874.365.96$110,026
Dec 2009018,98571.445.48$104,109
Nov 2009119,11074.593.75$71,766
Oct 2009020,64672.544.11$84,860
Sep 2009020,53265.543.06$62,925
Aug 2009020,54167.423.22$66,111
Jul 2009021,26961.133.46$73,686
Jun 2009020,17566.163.90$78,582
May 2009022,85554.743.93$89,723
Apr 2009023,14146.773.59$83,018
Mar 2009024,84442.144.06$100,842
Feb 2009021,77032.814.63$100,860
Jan 2009015,48335.865.37$83,159
Dec 2008020,50337.105.98$122,549
Nov 2008019,68655.496.86$135,053
Oct 2008021,31375.246.92$147,528
Sep 2008021,416101.767.88$168,696
Aug 2008022,354114.228.48$189,629
Jul 2008018,893131.0811.39$215,181
Jun 2008016,358131.3313.03$213,188
May 2008016,103123.1711.57$186,381
Apr 2008016,212110.3110.45$169,494
Mar 2008019,989101.909.66$193,175
Feb 2008020,43392.538.77$179,209
Jan 2008021,29990.388.21$174,774
Dec 2007023,02788.337.30$168,142
Nov 2007022,82291.677.29$166,411
Oct 2007024,72582.856.92$171,146
Sep 2007025,69475.846.24$160,437
Aug 2007026,19469.066.39$167,326
Jul 2007026,79970.906.39$171,190
Jun 2007026,29662.007.55$198,494
May 2007028,94858.747.85$227,134
Apr 2007027,93059.617.81$217,999
Mar 2007028,92156.927.30$211,180
Feb 2007026,75455.108.22$219,811
Jan 2007029,62850.306.73$199,303
Dec 2006031,20856.656.92$215,911
Nov 2006032,10654.207.62$244,567
Oct 2006033,65754.906.01$202,406
Sep 2006035,85560.085.04$180,609
Aug 2006031,17068.717.34$228,785
Jul 2006037,44369.376.34$237,492
Jun 2006032,50466.286.38$207,502
May 2006038,91766.016.42$250,042
Apr 2006041,60364.397.36$306,218
Mar 2006044,29856.707.08$313,759
Feb 2006038,15057.597.75$295,705
Jan 2006047,20260.598.93$421,671
Dec 2005047,83554.9413.42$641,726
Nov 2005047,88454.6910.59$507,015
Oct 2005047,36858.3413.80$653,478
Sep 2005022,07461.4512.08$266,632
Aug 2005047,08061.519.80$461,235
Jul 2005036,44955.697.84$285,893
Jun 2005055,44252.337.38$409,220
May 2005055,46845.226.65$368,927
Apr 2005052,64149.207.36$387,463
Mar 2005055,97550.377.15$400,494
Feb 2005052,48145.226.31$331,256
Jan 2005049,59543.166.32$313,550
Dec 2004058,83539.866.75$397,200
Nov 2004061,49345.286.33$389,277
Oct 2004048,24049.706.52$314,288
Sep 2004058,67443.245.28$310,028
Aug 2004047,79542.375.55$265,294
Jul 2004066,41538.286.08$404,081
Jun 2004018,05036.106.43$116,116

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                3,903 Mcf  × $  3.05 =    $11,888

────────────────────────────────────────────────────
Month total                                  $11,888

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/204472 is the state's own key, not one this site invented.