BANKSTON, WILLIAM

Name: BANKSTON, WILLIAM lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KNIGHT, REUBEN B. (P-5 471575) in the PARK SPRINGS (CONGL.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 19422District 09Field 69175500OilCasinghead gasSave Export

Value, all time

$349 k

Jan 1993 – Feb 2008

Value, last 12 filed months

$9 k

at the published price for each month

Months reported

182

no gaps in the span

Streams

oil, casinghead gas

The PARK SPRINGS (CONGL.) 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 198 leases and 217 wells, and the rule below applies to all of them.

Discovered

1950-06-01

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,320 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1975-04-01.

The Commission's schedule remark for this field reads: “RATE TO 2103 MCF/D EFFECTIVE 2/1/97”

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
Oil	Disposition	1,381 bbl	$49,250
Casinghead gas	Production	119,156 Mcf	$299,653
Total			$348,903

32,625 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (2)

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 33.4198, -97.8226. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

33.41978, -97.82261 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

5,955 ft

2 wells filed one

Completion to plug

24.8 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

2100.0%

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

Between 5,935 and 5,974 ft, median 5,955 ft, over the 2 wells that filed a depth.

Completions filed

Apr 1977 – Mar 1988

2 of 2 wells

Plug dates filed

Jul 2007 – Aug 2007

2 of 2 wells

Last completion to plug: a median of 24.8 years across the 2 wells that filed both dates, with the middle half between 22.2 years and 27.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-49733271	2	5,974 ft	Mar 1988	Aug 2007	Yes
42-49730528	1	5,935 ft	Apr 1977	Jul 2007	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 (182)

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

182 months


Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	80	0	59.61	7.81	$4,769
Mar 2007	75	0	56.92	7.30	$4,269
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	139	0	66.28	6.38	$9,213
May 2006	155	0	66.01	6.42	$10,232
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	139	0	52.33	7.38	$7,274
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	51	0	34.47	5.86	$1,758
Mar 2004	0	153	34.36	5.53	$846
Feb 2004	0	107	32.45	5.51	$590
Jan 2004	0	132	32.03	6.30	$832
Dec 2003	0	301	30.26	6.30	$1,897
Nov 2003	0	600	28.80	4.60	$2,757
Oct 2003	0	614	28.17	4.76	$2,922
Sep 2003	0	619	26.31	4.75	$2,940
Aug 2003	0	474	29.76	5.13	$2,431
Jul 2003	0	675	29.41	5.17	$3,490
Jun 2003	0	628	28.56	5.98	$3,757
May 2003	0	580	26.59	5.97	$3,464
Apr 2003	0	561	26.67	5.41	$3,033
Mar 2003	0	566	31.14	6.10	$3,450
Feb 2003	0	733	33.48	7.93	$5,810
Jan 2003	0	816	30.31	5.58	$4,555
Dec 2002	0	2,562	26.91	4.85	$12,435
Nov 2002	0	826	24.66	4.14	$3,417
Oct 2002	0	839	26.46	4.23	$3,548
Sep 2002	0	156	27.44	3.64	$567
Aug 2002	0	771	25.96	3.16	$2,440
Jul 2002	0	666	24.58	3.06	$2,039
Jun 2002	0	695	23.73	3.34	$2,320
May 2002	0	663	24.66	3.58	$2,376
Apr 2002	0	448	23.65	3.51	$1,574
Mar 2002	0	468	22.00	3.10	$1,452
Feb 2002	0	1,159	18.22	2.38	$2,753
Jan 2002	0	2,568	17.17	2.38	$6,101
Dec 2001	0	2,561	16.93	2.36	$6,055
Nov 2001	0	1,505	18.07	2.41	$3,620
Oct 2001	0	1,895	19.78	2.53	$4,792
Sep 2001	0	1,304	24.26	2.25	$2,936
Aug 2001	0	949	24.87	3.05	$2,897
Jul 2001	0	944	23.93	3.20	$3,018
Jun 2001	0	809	24.56	3.82	$3,094
May 2001	0	825	25.52	4.31	$3,554
Apr 2001	0	915	24.68	5.34	$4,882
Mar 2001	0	1,401	24.54	5.38	$7,532
Feb 2001	0	1,056	27.75	5.77	$6,090
Jan 2001	0	1,164	27.47	8.40	$9,776
Dec 2000	0	1,505	26.88	9.12	$13,729
Nov 2000	0	1,505	32.21	5.66	$8,515
Oct 2000	0	1,318	31.23	5.15	$6,782
Sep 2000	0	1,420	31.87	5.19	$7,365
Aug 2000	0	1,293	29.64	4.54	$5,871
Jul 2000	0	1,264	28.53	4.09	$5,169
Jun 2000	0	1,319	29.30	4.40	$5,800
May 2000	0	0	27.26	3.68	$0
Apr 2000	0	1,349	24.51	3.12	$4,203
Mar 2000	0	1,456	28.42	2.86	$4,164
Feb 2000	0	1,313	27.62	2.73	$3,580
Jan 2000	0	1,164	25.27	2.48	$2,887
Dec 1999	0	1,602	24.28	2.42	$3,883
Nov 1999	0	1,429	23.19	2.43	$3,478
Oct 1999	0	1,688	20.98	2.80	$4,733
Sep 1999	0	2,024	21.75	2.62	$5,301
Aug 1999	0	2,621	19.26	2.88	$7,537
Jul 1999	0	1,703	17.89	2.37	$4,040
Jun 1999	0	924	15.94	2.36	$2,183
May 1999	0	1,029	15.79	2.32	$2,388
Apr 1999	0	1,101	15.10	2.21	$2,431
Mar 1999	0	1,073	12.47	1.84	$1,973
Feb 1999	0	534	9.98	1.82	$971
Jan 1999	0	703	10.38	1.90	$1,336
Dec 1998	0	826	9.20	1.77	$1,465
Nov 1998	0	382	10.89	2.19	$835
Oct 1998	0	326	12.42	1.97	$642
Sep 1998	0	484	12.59	2.08	$1,008
Aug 1998	0	563	11.30	1.91	$1,074
Jul 1998	0	665	11.74	2.24	$1,488
Jun 1998	0	1,124	11.24	2.24	$2,515
May 1998	0	1,075	12.62	2.21	$2,372
Apr 1998	0	1,306	13.04	2.51	$3,272
Mar 1998	0	1,123	12.80	2.31	$2,594
Feb 1998	0	1,090	13.95	2.30	$2,506
Jan 1998	0	1,309	14.70	2.15	$2,821
Dec 1997	0	1,237	16.32	2.41	$2,983
Nov 1997	0	1,147	18.19	3.09	$3,542
Oct 1997	0	961	19.25	3.15	$3,027
Sep 1997	0	1,230	17.74	2.95	$3,635
Aug 1997	0	837	17.86	2.55	$2,138
Jul 1997	0	929	17.58	2.25	$2,087
Jun 1997	0	664	17.24	2.26	$1,499
May 1997	0	962	18.97	2.31	$2,221
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	0	1,213	18.95	1.94	$2,352
Feb 1997	0	330	20.49	2.21	$728
Jan 1997	0	703	23.48	3.54	$2,488
Dec 1996	0	478	23.32	—	$0
Nov 1996	0	368	21.97	—	$0
Oct 1996	0	707	23.31	—	$0
Sep 1996	0	1,078	22.22	—	$0
Aug 1996	0	506	20.26	—	$0
Jul 1996	0	345	19.55	—	$0
Jun 1996	0	94	18.73	—	$0
May 1996	0	358	19.43	—	$0
Apr 1996	0	418	21.51	—	$0
Mar 1996	0	713	19.38	—	$0
Feb 1996	0	522	16.98	—	$0
Jan 1996	0	508	17.07	—	$0
Dec 1995	0	588	17.19	—	$0
Nov 1995	139	516	16.00	—	$2,224
Oct 1995	0	259	15.43	—	$0
Sep 1995	0	2,469	16.18	—	$0
Aug 1995	0	375	15.92	—	$0
Jul 1995	0	803	15.24	—	$0
Jun 1995	0	82	16.41	—	$0
May 1995	0	295	17.56	—	$0
Apr 1995	0	269	17.73	—	$0
Mar 1995	0	247	16.44	—	$0
Feb 1995	0	465	16.58	—	$0
Jan 1995	0	423	15.92	—	$0
Dec 1994	0	598	15.03	—	$0
Nov 1994	0	525	15.90	—	$0
Oct 1994	0	836	15.58	—	$0
Sep 1994	0	888	15.29	—	$0
Aug 1994	152	668	16.13	—	$2,452
Jul 1994	0	911	17.56	—	$0
Jun 1994	0	860	17.09	—	$0
May 1994	0	921	15.88	—	$0
Apr 1994	0	878	14.14	—	$0
Mar 1994	163	954	12.46	—	$2,031
Feb 1994	0	821	12.50	—	$0
Jan 1994	0	1,065	12.66	—	$0
Dec 1993	0	866	12.33	—	$0
Nov 1993	0	937	14.49	—	$0
Oct 1993	0	1,256	15.85	—	$0
Sep 1993	0	1,227	15.03	—	$0
Aug 1993	0	650	15.66	—	$0
Jul 1993	0	462	15.46	—	$0
Jun 1993	0	459	16.79	—	$0
May 1993	0	420	17.68	—	$0
Apr 1993	137	651	18.05	—	$2,473
Mar 1993	0	1,029	18.14	—	$0
Feb 1993	0	755	17.90	—	$0
Jan 1993	151	1,102	16.93	—	$2,556

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.

Apr 2007 — as filed, then multipliedworked

Oil                   80 bbl  × $ 59.61 =     $4,769
Casinghead gas         0 Mcf  × $  7.81 =         $0

────────────────────────────────────────────────────
Month total                                   $4,769

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/O/19422 is the state's own key, not one this site invented.