BIVENS -L-
BIVENS -L- is a Texas gas lease in Sherman County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 493,665 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $87K, with roughly $13K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 575 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 936 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about BIVENS -L-
- Who operates BIVENS -L-?
- BIVENS -L- is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is BIVENS -L-?
- BIVENS -L- is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 114176.
- Is BIVENS -L- still producing?
- BIVENS -L- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIVENS -L- is August 2026.
- How much has BIVENS -L- produced?
- BIVENS -L- has reported 493,665 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BIVENS -L- worth?
- The remaining production from BIVENS -L- is estimated to be worth about $87K in total as of 27 August 2026, within a range of $68K to $106K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIVENS -L- is a fraction of it. The estimate fits an Arps decline curve to the production BIVENS -L- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIVENS -L- is an estimate of value, not an offer and not an appraisal.
- How much income does BIVENS -L- generate in a year?
- BIVENS -L- is forecast to net about $13K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BIVENS -L- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Texas Hugoton |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 114176 |
| Wellbores | 1 |
| Reported production | 493,665 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $87K |
Where BIVENS -L- sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.