BINNEY
BINNEY is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Bendorf Services & Supply Co. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 6,647 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 $8K, 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 2 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was October 2016, at 4 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 BINNEY
- Who operates BINNEY?
- BINNEY is operated by Bendorf Services & Supply Co, Railroad Commission of Texas operator number 064155.
- Where is BINNEY?
- BINNEY is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 26144.
- Is BINNEY still producing?
- BINNEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BINNEY is August 2026.
- How much has BINNEY produced?
- BINNEY has reported 6,647 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is BINNEY worth?
- The remaining production from BINNEY is estimated to be worth about $8K in total as of 26 August 2026, within a range of $0 to $16K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BINNEY is a fraction of it. The estimate fits an Arps decline curve to the production BINNEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BINNEY is an estimate of value, not an offer and not an appraisal.
- How much income does BINNEY generate in a year?
- BINNEY 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 BINNEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bendorf Services & Supply Co |
|---|---|
| Field | Stephens County Regular |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 26144 |
| Wellbores | 3 |
| Reported production | 6,647 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where BINNEY 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.