BIVENS
BIVENS is a Texas oil lease in Potter County, Railroad Commission district 10, operated by Chance Energy Co. Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 11,796 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 $14K, with roughly $2K 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 1 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was May 2020, at 112 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 BIVENS
- Who operates BIVENS?
- BIVENS is operated by Chance Energy Co. Inc., Railroad Commission of Texas operator number 144183.
- Where is BIVENS?
- BIVENS is a Texas oil lease in Potter County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 06507.
- Is BIVENS still producing?
- BIVENS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIVENS is August 2026.
- How much has BIVENS produced?
- BIVENS has reported 11,796 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is BIVENS worth?
- The remaining production from BIVENS is estimated to be worth about $14K in total as of 26 August 2026, within a range of $0 to $27K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIVENS is a fraction of it. The estimate fits an Arps decline curve to the production BIVENS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIVENS is an estimate of value, not an offer and not an appraisal.
- How much income does BIVENS generate in a year?
- BIVENS is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BIVENS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chance Energy Co. Inc. |
|---|---|
| Field | Panhandle Potter County Field |
| County | Potter County, Texas |
| RRC district | 10 |
| Lease number | 06507 |
| Wellbores | 2 |
| Reported production | 11,796 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $14K |
Where BIVENS 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.