BINGHAM
BINGHAM is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by RJD Management Co., Inc. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 295,512 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 $665K, with roughly $175K 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 246 barrels a month, about 49 per wellbore. Its strongest month on the record we hold was March 2020, at 471 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
- Who operates BINGHAM?
- BINGHAM is operated by RJD Management Co., Inc., Railroad Commission of Texas operator number 714267.
- Where is BINGHAM?
- BINGHAM is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 01885.
- Is BINGHAM still producing?
- BINGHAM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BINGHAM is August 2026.
- How much has BINGHAM produced?
- BINGHAM has reported 295,512 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is BINGHAM worth?
- The remaining production from BINGHAM is estimated to be worth about $665K in total as of 26 August 2026, within a range of $519K to $811K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BINGHAM is a fraction of it. The estimate fits an Arps decline curve to the production BINGHAM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BINGHAM is an estimate of value, not an offer and not an appraisal.
- How much income does BINGHAM generate in a year?
- BINGHAM is forecast to net about $175K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BINGHAM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | RJD Management Co., Inc. |
|---|---|
| Field | Garza |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 01885 |
| Wellbores | 5 |
| Reported production | 295,512 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $665K |
Where BINGHAM 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.