BANAY AC
BANAY AC is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Summit Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2016 to August 2026, totalling 212,866 barrels. The lease is shut in. 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 $7K, with roughly $1K 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 500 barrels a month. Its strongest month on the record we hold was October 2016, at 10,444 barrels.
Key facts about BANAY AC
- Who operates BANAY AC?
- BANAY AC is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is BANAY AC?
- BANAY AC is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48383.
- Is BANAY AC still producing?
- BANAY AC is shut in. The most recent month of production reported to the Railroad Commission of Texas for BANAY AC is August 2026.
- How much has BANAY AC produced?
- BANAY AC has reported 212,866 barrels of oil (bbl) to the Railroad Commission of Texas between August 2016 and August 2026, from 1 wellbore.
- How much is BANAY AC worth?
- The remaining production from BANAY AC is estimated to be worth about $7K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BANAY AC is a fraction of it. The estimate fits an Arps decline curve to the production BANAY AC has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BANAY AC is an estimate of value, not an offer and not an appraisal.
- How much income does BANAY AC generate in a year?
- BANAY AC is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BANAY AC receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 48383 |
| Wellbores | 1 |
| Reported production | 212,866 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7K |
Where BANAY AC 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.