BANKER 70-71 A
BANKER 70-71 A is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2022 to August 2026, totalling 319,884 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 $6.6M, with roughly $1.9M 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 2,812 barrels a month. Its strongest month on the record we hold was July 2022, at 34,762 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 BANKER 70-71 A
- Who operates BANKER 70-71 A?
- BANKER 70-71 A is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is BANKER 70-71 A?
- BANKER 70-71 A is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58663.
- Is BANKER 70-71 A still producing?
- BANKER 70-71 A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BANKER 70-71 A is August 2026.
- How much has BANKER 70-71 A produced?
- BANKER 70-71 A has reported 319,884 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 1 wellbore.
- How much is BANKER 70-71 A worth?
- The remaining production from BANKER 70-71 A is estimated to be worth about $6.6M in total as of 27 August 2026, within a range of $5.5M to $7.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BANKER 70-71 A is a fraction of it. The estimate fits an Arps decline curve to the production BANKER 70-71 A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BANKER 70-71 A is an estimate of value, not an offer and not an appraisal.
- How much income does BANKER 70-71 A generate in a year?
- BANKER 70-71 A is forecast to net about $1.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BANKER 70-71 A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 58663 |
| Wellbores | 1 |
| Reported production | 319,884 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.6M |
Where BANKER 70-71 A 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.