BANKS UNIT
BANKS UNIT is a Texas gas lease in Denton County, Railroad Commission district 09, operated by Burlington Resources O & G Co LP. It has 1 wellbore on file with the Commission. Reported production runs from May 2003 to August 2026, totalling 568,521 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 $40K, with roughly $5K 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 203 thousand cubic feet a month. Its strongest month on the record we hold was May 2024, at 8,600 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 BANKS UNIT
- Who operates BANKS UNIT?
- BANKS UNIT is operated by Burlington Resources O & G Co LP, Railroad Commission of Texas operator number 109333.
- Where is BANKS UNIT?
- BANKS UNIT is a Texas gas lease in Denton County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 195299.
- Is BANKS UNIT still producing?
- BANKS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BANKS UNIT is August 2026.
- How much has BANKS UNIT produced?
- BANKS UNIT has reported 568,521 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2003 and August 2026, from 1 wellbore.
- How much is BANKS UNIT worth?
- The remaining production from BANKS UNIT is estimated to be worth about $40K in total as of 26 August 2026, within a range of $31K to $48K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BANKS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BANKS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BANKS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BANKS UNIT generate in a year?
- BANKS UNIT is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BANKS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burlington Resources O & G Co LP |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Denton County, Texas |
| RRC district | 09 |
| Lease number | 195299 |
| Wellbores | 1 |
| Reported production | 568,521 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $40K |
Where BANKS UNIT 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.