BINGHAM, M. K. "AB"
BINGHAM, M. K. "AB" is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Union Oil Company Of California. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 553,446 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 $1.7M, with roughly $429K 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 621 barrels a month, about 104 per wellbore. Its strongest month on the record we hold was January 2024, at 2,548 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 BINGHAM, M. K. "AB"
- Who operates BINGHAM, M. K. "AB"?
- BINGHAM, M. K. "AB" is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is BINGHAM, M. K. "AB"?
- BINGHAM, M. K. "AB" is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 01958.
- Is BINGHAM, M. K. "AB" still producing?
- BINGHAM, M. K. "AB" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BINGHAM, M. K. "AB" is August 2026.
- How much has BINGHAM, M. K. "AB" produced?
- BINGHAM, M. K. "AB" has reported 553,446 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is BINGHAM, M. K. "AB" worth?
- The remaining production from BINGHAM, M. K. "AB" is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BINGHAM, M. K. "AB" is a fraction of it. The estimate fits an Arps decline curve to the production BINGHAM, M. K. "AB" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BINGHAM, M. K. "AB" is an estimate of value, not an offer and not an appraisal.
- How much income does BINGHAM, M. K. "AB" generate in a year?
- BINGHAM, M. K. "AB" is forecast to net about $429K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BINGHAM, M. K. "AB" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Garza |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 01958 |
| Wellbores | 6 |
| Reported production | 553,446 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where BINGHAM, M. K. "AB" 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.