BANKS RANCH UNIT
BANKS RANCH UNIT is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Geosouthern Operating II, LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2019 to August 2026, totalling 2,971,151 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 $2.8M, with roughly $780K 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 12,127 thousand cubic feet a month. Its strongest month on the record we hold was December 2019, at 213,866 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 RANCH UNIT
- Who operates BANKS RANCH UNIT?
- BANKS RANCH UNIT is operated by Geosouthern Operating II, LLC, Railroad Commission of Texas operator number 301273.
- Where is BANKS RANCH UNIT?
- BANKS RANCH UNIT is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 288648.
- Is BANKS RANCH UNIT still producing?
- BANKS RANCH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BANKS RANCH UNIT is August 2026.
- How much has BANKS RANCH UNIT produced?
- BANKS RANCH UNIT has reported 2,971,151 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2019 and August 2026, from 1 wellbore.
- How much is BANKS RANCH UNIT worth?
- The remaining production from BANKS RANCH UNIT is estimated to be worth about $2.8M in total as of 27 August 2026, within a range of $2.3M to $3.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BANKS RANCH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BANKS RANCH 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 RANCH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BANKS RANCH UNIT generate in a year?
- BANKS RANCH UNIT is forecast to net about $780K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BANKS RANCH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Geosouthern Operating II, LLC |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 288648 |
| Wellbores | 1 |
| Reported production | 2,971,151 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.8M |
Where BANKS RANCH 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.