BANAY AE
BANAY AE is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Summit Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2019 to August 2026, totalling 210,959 barrels. 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 $401K, with roughly $73K 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 223 barrels a month. Its strongest month on the record we hold was December 2019, at 22,600 barrels. 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 BANAY AE
- Who operates BANAY AE?
- BANAY AE is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is BANAY AE?
- BANAY AE is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54730.
- Is BANAY AE still producing?
- BANAY AE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BANAY AE is August 2026.
- How much has BANAY AE produced?
- BANAY AE has reported 210,959 barrels of oil (bbl) to the Railroad Commission of Texas between October 2019 and August 2026, from 1 wellbore.
- How much is BANAY AE worth?
- The remaining production from BANAY AE is estimated to be worth about $401K in total as of 26 August 2026, within a range of $312K to $489K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BANAY AE is a fraction of it. The estimate fits an Arps decline curve to the production BANAY AE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BANAY AE is an estimate of value, not an offer and not an appraisal.
- How much income does BANAY AE generate in a year?
- BANAY AE is forecast to net about $73K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BANAY AE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 54730 |
| Wellbores | 1 |
| Reported production | 210,959 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $401K |
Where BANAY AE 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.