BANNER
BANNER is a Texas gas lease in Denton County, Railroad Commission district 09, operated by Devon Energy Operating Co., L.P. It has 1 wellbore on file with the Commission. Reported production runs from March 2002 to June 2026, totalling 738,656 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 $20K, with roughly $3K 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 127 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 3,603 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 BANNER
- Who operates BANNER?
- BANNER is operated by Devon Energy Operating Co., L.P., Railroad Commission of Texas operator number 216730.
- Where is BANNER?
- BANNER is a Texas gas lease in Denton County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 189221.
- Is BANNER still producing?
- BANNER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BANNER is June 2026.
- How much has BANNER produced?
- BANNER has reported 738,656 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2002 and June 2026, from 1 wellbore.
- How much is BANNER worth?
- The remaining production from BANNER is estimated to be worth about $20K in total as of 26 August 2026, within a range of $16K to $25K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BANNER is a fraction of it. The estimate fits an Arps decline curve to the production BANNER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BANNER is an estimate of value, not an offer and not an appraisal.
- How much income does BANNER generate in a year?
- BANNER is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BANNER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Operating Co., L.P. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Denton County, Texas |
| RRC district | 09 |
| Lease number | 189221 |
| Wellbores | 1 |
| Reported production | 738,656 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $20K |
Where BANNER 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.