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 230450District 09Field 65280200CondensateGasSaveExport
Value, all time
$16.7 M
Aug 2006 – May 2026
Value, last 12 filed months
$174 k
at the published price for each month
Months reported
238
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
CondensateDisposition5 bbl$258
GasProduction3,521,638 Mcf$16,669,325
Total$16,669,583

Every month this lease reported (238)

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

238 months

May 202604,833106.413.05$14,721
Apr 202604,54698.932.87$13,046
Mar 202604,90989.753.15$15,461
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 202505,44856.664.41$24,044
Nov 202505,07458.593.93$19,923
Oct 202504,48659.383.30$14,826
Sep 202505,24762.743.08$16,145
Aug 202506,01263.933.01$18,125
Jul 202505,84966.743.32$19,391
Jun 202505,96666.483.13$18,666
May 202506,23460.553.23$20,150
Apr 202505,82562.363.54$20,639
Mar 202506,27567.704.27$26,784
Feb 202505,67270.884.34$24,621
Jan 202505,56674.324.28$23,815
Dec 202406,07068.993.12$18,947
Nov 202406,29869.052.20$13,846
Oct 202406,43671.372.28$14,683
Sep 202406,13169.612.36$14,496
Aug 202406,40075.632.06$13,207
Jul 202406,57079.932.15$14,103
Jun 202406,52778.082.63$17,192
May 202406,85478.812.20$15,068
Apr 202406,36184.451.66$10,554
Mar 202406,78780.301.55$10,487
Feb 202406,33576.091.78$11,299
Jan 202405,93873.023.30$19,582
Dec 202306,79571.262.61$17,740
Nov 202306,59477.892.81$18,513
Oct 202306,88485.443.09$21,253
Sep 202306,90489.042.74$18,883
Aug 202306,94980.522.67$18,574
Jul 202307,30574.852.64$19,298
Jun 202306,09368.962.26$13,761
May 202306,85770.622.23$15,273
Apr 202306,87478.122.24$15,382
Mar 202306,82372.852.39$16,329
Feb 202306,37275.112.47$15,711
Jan 202306,85176.533.39$23,209
Dec 202206,75876.415.73$38,717
Nov 202206,65885.005.65$37,592
Oct 202207,46287.185.86$43,755
Sep 202202,66384.888.16$21,740
Aug 202202,75894.529.13$25,173
Jul 202207,246101.587.54$54,650
Jun 202206,439115.097.98$51,365
May 202206,223109.378.43$52,479
Apr 202206,444104.226.84$44,061
Mar 202206,519108.885.08$33,093
Feb 202203,28491.054.86$15,956
Jan 202206,01681.844.54$27,299
Dec 202106,21371.323.90$24,225
Nov 202106,57377.435.24$34,422
Oct 202107,44079.795.71$42,511
Sep 202107,16169.865.35$38,318
Aug 202108,12666.024.22$34,297
Jul 202108,75070.783.98$34,843
Jun 202108,95669.493.38$30,277
May 202107,82463.483.02$23,610
Apr 202108,03360.362.76$22,158
Mar 202109,07861.302.72$24,664
Feb 202106,68657.805.55$37,094
Jan 202108,74450.412.81$24,573
Dec 202008,54344.642.68$22,856
Nov 202008,77938.772.71$23,761
Oct 202009,07836.972.48$22,499
Sep 202008,87037.091.99$17,661
Aug 202009,45539.982.39$22,551
Jul 202009,53438.371.83$17,401
Jun 202009,15434.901.69$15,473
May 202008,97316.921.81$16,284
Apr 202008,71014.751.80$15,716
Mar 2020010,04530.341.86$18,646
Feb 202008,48549.881.98$16,806
Jan 202009,94157.252.09$20,824
Dec 201909,06259.012.30$20,882
Nov 201909,54255.302.75$26,247
Oct 2019010,01053.472.42$24,210
Sep 2019010,37755.052.66$27,575
Aug 2019010,73353.112.30$24,733
Jul 2019010,78156.272.46$26,522
Jun 2019010,07852.782.49$25,106
May 2019010,57058.482.74$28,965
Apr 2019010,34962.632.75$28,467
Mar 2019010,68456.803.06$32,715
Feb 201909,64450.852.79$26,928
Jan 2019011,41146.033.23$36,837
Dec 2018011,69446.594.19$48,945
Nov 2018011,71252.934.24$49,627
Oct 2018012,20761.443.40$41,480
Sep 2018010,41859.543.11$32,379
Aug 2018012,72459.403.07$39,019
Jul 2018010,25365.142.93$30,061
Jun 201808,08260.183.08$24,868
May 201807,55565.382.90$21,916
Apr 201806,79763.842.90$19,717
Mar 201806,76961.222.79$18,864
Feb 201806,14261.782.77$16,990
Jan 201809,41762.874.01$37,756
Dec 201709,65257.272.92$28,199
Nov 2017011,39155.423.12$35,521
Oct 2017011,41649.292.98$34,062
Sep 2017010,74047.523.09$33,157
Aug 2017011,16645.373.00$33,547
Jul 2017010,78343.873.09$33,290
Jun 2017010,40142.493.09$32,111
May 2017010,91045.373.26$35,604
Apr 2017010,56147.933.21$33,918
Mar 2017010,53146.772.98$31,421
Feb 201709,96150.452.95$29,411
Jan 2017010,34249.413.42$35,357
Dec 2016011,30448.763.72$42,083
Nov 2016011,14742.492.64$29,477
Oct 2016011,89046.193.09$36,743
Sep 2016011,31541.553.10$35,084
Aug 2016012,32441.442.92$36,040
Jul 2016012,35141.622.92$36,119
Jun 2016012,17845.352.69$32,708
May 2016013,32842.521.99$26,537
Apr 2016013,07836.561.99$26,039
Mar 2016014,04333.011.79$25,193
Feb 2016013,61526.472.06$28,096
Jan 2016014,82327.352.36$35,047
Dec 2015015,18232.362.00$30,385
Nov 2015013,00238.792.17$28,180
Oct 2015011,74443.552.43$28,498
Sep 2015011,55742.992.76$31,879
Aug 2015012,77340.162.87$36,690
Jul 2015015,45548.152.95$45,516
Jun 2015015,75156.152.88$45,408
May 2015014,56555.212.96$43,046
Apr 2015012,86749.822.71$34,825
Mar 2015012,64342.892.93$37,104
Feb 2015013,97144.662.98$41,580
Jan 2015014,63543.433.10$45,378
Dec 2014013,24754.693.59$47,575
Nov 2014015,58470.464.25$66,261
Oct 2014017,30378.303.90$67,498
Sep 2014016,19986.164.05$65,532
Aug 2014016,48589.394.04$66,519
Jul 2014014,15296.564.18$59,150
Jun 2014013,82698.164.74$65,492
May 2014015,66294.734.73$74,027
Apr 2014016,30195.944.81$78,393
Mar 2014017,51295.895.06$88,555
Feb 2014015,83197.406.19$98,026
Jan 2014017,14590.404.86$83,337
Dec 2013015,44091.824.35$67,233
Nov 2013016,85788.853.74$63,016
Oct 2013015,98097.423.78$60,394
Sep 2013015,818104.113.72$58,807
Aug 2013014,992104.253.52$52,811
Jul 2013017,002102.523.72$63,209
Jun 2013015,92494.403.93$62,636
May 2013016,19494.834.15$67,190
Apr 2013018,21493.964.28$78,003
Mar 2013019,47093.623.91$76,184
Feb 2013016,56591.233.42$56,651
Jan 2013018,70591.603.42$63,969
Dec 2012018,48386.773.42$63,215
Nov 2012017,41586.953.62$63,129
Oct 2012017,34889.383.40$58,978
Sep 2012016,37594.672.92$47,789
Aug 2012016,33292.662.91$47,496
Jul 2012014,83485.133.02$44,811
Jun 2012017,52079.822.52$44,134
May 2012017,05791.612.49$42,443
Apr 2012014,364101.652.00$28,682
Mar 2012018,488105.052.22$41,082
Feb 2012017,195101.102.57$44,195
Jan 2012020,42898.092.73$55,852
Dec 2011017,86196.873.24$57,865
Nov 2011023,37195.723.31$77,388
Oct 2011025,19984.983.65$91,940
Sep 2011023,44183.623.99$93,431
Aug 2011024,38083.404.15$101,160
Jul 2011024,87094.144.52$112,344
Jun 2011025,50092.904.64$118,317
May 2011026,93798.134.40$118,653
Apr 2011024,977105.964.33$108,232
Mar 2011025,63096.364.06$103,990
Feb 2011021,11185.644.18$88,244
Jan 2011021,80886.504.59$100,072
Dec 2010018,51685.734.35$80,503
Nov 2010020,61480.843.80$78,237
Oct 2010021,37578.103.51$75,003
Sep 2010020,43272.633.98$81,309
Aug 2010021,17573.684.42$93,580
Jul 2010013,68872.554.74$64,833
Jun 2010018,07370.364.91$88,746
May 2010018,77371.124.24$79,508
Apr 2010018,22081.694.12$75,115
Mar 2010018,58178.394.39$81,546
Feb 2010017,71173.585.44$96,390
Jan 2010019,10474.365.96$113,938
Dec 2009021,31271.445.48$116,870
Nov 2009021,83274.593.75$81,903
Oct 2009021,57472.544.11$88,675
Sep 2009019,93965.543.06$61,108
Aug 2009021,16967.423.22$68,132
Jul 2009025,21161.133.46$87,344
Jun 2009022,52266.163.90$87,723
May 2009027,56954.743.93$108,229
Apr 2009026,35946.773.59$94,563
Mar 2009024,25242.144.06$98,439
Feb 2009017,47232.814.63$80,948
Jan 2009024,42235.865.37$131,171
Dec 2008026,25137.105.98$156,906
Nov 2008026,76155.496.86$183,590
Oct 2008029,43075.246.92$203,714
Sep 2008030,356101.767.88$239,117
Aug 2008031,646114.228.48$268,454
Jul 2008035,071131.0811.39$399,439
Jun 2008022,282131.3313.03$290,393
May 2008030,873123.1711.57$357,333
Apr 2008029,728110.3110.45$310,802
Mar 2008035,062101.909.66$338,842
Feb 2008031,09892.538.77$272,748
Jan 2008035,72290.388.21$293,125
Dec 2007036,99588.337.30$270,136
Nov 2007038,87891.677.29$283,487
Oct 2007039,50082.856.92$273,418
Sep 2007042,74675.846.24$266,913
Aug 2007043,67169.066.39$278,968
Jul 2007042,58670.906.39$272,037
Jun 2007031,85562.007.55$240,456
May 2007052,43858.747.85$411,443
Apr 2007050,40459.617.81$393,413
Mar 2007053,65156.927.30$391,758
Feb 2007054,20355.108.22$445,332
Jan 2007462,77350.306.73$422,466
Dec 2006134,45456.656.92$238,425
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                4,833 Mcf  × $  3.05 =    $14,721

────────────────────────────────────────────────────
Month total                                  $14,721

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/230450 is the state's own key, not one this site invented.