B.M.T.

Name: B.M.T. lease production and value, Nov 1996 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the B.M.T. (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 161653District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$13.2 M

Nov 1996 – Jul 2017

Value, last 12 filed months

$92 k

at the published price for each month

Months reported

249

no gaps in the span

Streams

condensate, gas

The B.M.T. (LOBO CONS.) field

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 420 leases and 420 wells, and the rule below applies to all of them.

Discovered

1998-10-21

as the register files it

Field class

Gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-11-02.

The Commission's schedule remark for this field reads: “PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1997-03-14	135994
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

Stream	Basis	Volume	Value
Condensate	Disposition	1,306 bbl	$44,696
Gas	Production	4,149,599 Mcf	$13,199,811
Total			$13,244,508

273,475 Mcf of this lease's gas, across 2 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 27.3686, -99.1627. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.36863, -99.16267 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

11,320 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 11,320 ft.

Completions filed

Jul 2017

1 of 1 wells

1 well


42-47936583	53	11,320 ft	Jul 2017	—	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (249)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

249 months


Jul 2017	8	1,871	43.87	3.09	$6,127
Jun 2017	0	1,931	42.49	3.09	$5,962
May 2017	0	2,886	45.37	3.26	$9,418
Apr 2017	0	2,512	47.93	3.21	$8,068
Mar 2017	0	1,844	46.77	2.98	$5,502
Feb 2017	3	3,222	50.45	2.95	$9,665
Jan 2017	14	2,278	49.41	3.42	$8,480
Dec 2016	12	2,400	48.76	3.72	$9,520
Nov 2016	10	2,250	42.49	2.64	$6,375
Oct 2016	14	2,365	46.19	3.09	$7,955
Sep 2016	7	2,319	41.55	3.10	$7,481
Aug 2016	9	2,310	41.44	2.92	$7,128
Jul 2016	7	2,570	41.62	2.92	$7,807
Jun 2016	14	2,264	45.35	2.69	$6,716
May 2016	8	2,652	42.52	1.99	$5,620
Apr 2016	16	2,687	36.56	1.99	$5,935
Mar 2016	11	2,899	33.01	1.79	$5,564
Feb 2016	3	2,755	26.47	2.06	$5,765
Jan 2016	0	2,876	27.35	2.36	$6,800
Dec 2015	0	3,266	32.36	2.00	$6,537
Nov 2015	0	3,429	38.79	2.17	$7,432
Oct 2015	0	3,854	43.55	2.43	$9,352
Sep 2015	0	3,587	42.99	2.76	$9,894
Aug 2015	0	3,198	40.16	2.87	$9,186
Jul 2015	0	3,501	48.15	2.95	$10,311
Jun 2015	0	3,540	56.15	2.88	$10,205
May 2015	0	3,392	55.21	2.96	$10,025
Apr 2015	0	3,519	49.82	2.71	$9,524
Mar 2015	0	3,378	42.89	2.93	$9,913
Feb 2015	0	1,903	44.66	2.98	$5,664
Jan 2015	0	3,074	43.43	3.10	$9,531
Dec 2014	0	3,473	54.69	3.59	$12,473
Nov 2014	0	3,388	70.46	4.25	$14,405
Oct 2014	0	3,495	78.30	3.90	$13,634
Sep 2014	0	3,224	86.16	4.05	$13,043
Aug 2014	0	3,506	89.39	4.04	$14,147
Jul 2014	0	3,293	96.56	4.18	$13,763
Jun 2014	0	3,338	98.16	4.74	$15,812
May 2014	0	3,292	94.73	4.73	$15,560
Apr 2014	0	3,492	95.94	4.81	$16,793
Mar 2014	0	3,670	95.89	5.06	$18,558
Feb 2014	0	3,074	97.40	6.19	$19,034
Jan 2014	0	3,232	90.40	4.86	$15,710
Dec 2013	0	3,724	91.82	4.35	$16,216
Nov 2013	0	3,275	88.85	3.74	$12,243
Oct 2013	0	3,604	97.42	3.78	$13,621
Sep 2013	0	3,705	104.11	3.72	$13,774
Aug 2013	0	3,891	104.25	3.52	$13,706
Jul 2013	0	3,812	102.52	3.72	$14,172
Jun 2013	0	3,440	94.40	3.93	$13,531
May 2013	0	3,831	94.83	4.15	$15,895
Apr 2013	0	3,913	93.96	4.28	$16,758
Mar 2013	0	4,260	93.62	3.91	$16,669
Feb 2013	0	3,831	91.23	3.42	$13,102
Jan 2013	0	3,901	91.60	3.42	$13,341
Dec 2012	0	3,596	86.77	3.42	$12,299
Nov 2012	0	3,165	86.95	3.62	$11,473
Oct 2012	0	1,789	89.38	3.40	$6,082
Sep 2012	0	3,268	94.67	2.92	$9,537
Aug 2012	0	2,708	92.66	2.91	$7,875
Jul 2012	0	4,029	85.13	3.02	$12,171
Jun 2012	0	4,050	79.82	2.52	$10,202
May 2012	0	4,139	91.61	2.49	$10,299
Apr 2012	0	4,193	101.65	2.00	$8,373
Mar 2012	0	4,088	105.05	2.22	$9,084
Feb 2012	0	4,407	101.10	2.57	$11,327
Jan 2012	0	4,964	98.09	2.73	$13,572
Dec 2011	0	4,402	96.87	3.24	$14,261
Nov 2011	0	4,406	95.72	3.31	$14,590
Oct 2011	0	4,767	84.98	3.65	$17,393
Sep 2011	0	4,732	83.62	3.99	$18,861
Aug 2011	0	4,331	83.40	4.15	$17,971
Jul 2011	0	3,954	94.14	4.52	$17,861
Jun 2011	0	3,621	92.90	4.64	$16,801
May 2011	0	4,551	98.13	4.40	$20,046
Apr 2011	0	4,668	105.96	4.33	$20,228
Mar 2011	0	5,181	96.36	4.06	$21,021
Feb 2011	0	4,921	85.64	4.18	$20,570
Jan 2011	0	4,454	86.50	4.59	$20,438
Dec 2010	0	5,391	85.73	4.35	$23,439
Nov 2010	0	4,943	80.84	3.80	$18,760
Oct 2010	0	5,547	78.10	3.51	$19,464
Sep 2010	0	5,433	72.63	3.98	$21,620
Aug 2010	0	2,313	73.68	4.42	$10,222
Jul 2010	0	3,494	72.55	4.74	$16,549
Jun 2010	0	3,831	70.36	4.91	$18,812
May 2010	0	4,068	71.12	4.24	$17,229
Apr 2010	0	3,050	81.69	4.12	$12,574
Mar 2010	0	4,448	78.39	4.39	$19,521
Feb 2010	0	3,341	73.58	5.44	$18,183
Jan 2010	0	4,620	74.36	5.96	$27,554
Dec 2009	0	4,460	71.44	5.48	$24,458
Nov 2009	0	5,206	74.59	3.75	$19,530
Oct 2009	0	4,117	72.54	4.11	$16,922
Sep 2009	0	3,947	65.54	3.06	$12,097
Aug 2009	0	4,464	67.42	3.22	$14,367
Jul 2009	0	4,911	61.13	3.46	$17,014
Jun 2009	0	3,628	66.16	3.90	$14,131
May 2009	0	4,592	54.74	3.93	$18,027
Apr 2009	0	5,627	46.77	3.59	$20,187
Mar 2009	0	5,119	42.14	4.06	$20,778
Feb 2009	0	4,450	32.81	4.63	$20,617
Jan 2009	2	4,564	35.86	5.37	$24,585
Dec 2008	2	4,513	37.10	5.98	$27,049
Nov 2008	3	5,272	55.49	6.86	$36,334
Oct 2008	2	5,980	75.24	6.92	$41,544
Sep 2008	2	2,744	101.76	7.88	$21,818
Aug 2008	2	5,028	114.22	8.48	$42,881
Jul 2008	0	5,347	131.08	11.39	$60,899
Jun 2008	0	6,525	131.33	13.03	$85,038
May 2008	0	5,544	123.17	11.57	$64,168
Apr 2008	0	6,081	110.31	10.45	$63,576
Mar 2008	0	5,686	101.90	9.66	$54,950
Feb 2008	0	6,121	92.53	8.77	$53,685
Jan 2008	0	6,512	90.38	8.21	$53,436
Dec 2007	0	5,800	88.33	7.30	$42,351
Nov 2007	0	6,127	91.67	7.29	$44,676
Oct 2007	0	6,807	82.85	6.92	$47,118
Sep 2007	0	5,981	75.84	6.24	$37,346
Aug 2007	0	7,774	69.06	6.39	$49,660
Jul 2007	0	8,079	70.90	6.39	$51,608
Jun 2007	0	2,752	62.00	7.55	$20,773
May 2007	0	3,970	58.74	7.85	$31,150
Apr 2007	0	7,622	59.61	7.81	$59,491
Mar 2007	0	5,994	56.92	7.30	$43,768
Feb 2007	0	5,929	55.10	8.22	$48,713
Jan 2007	0	8,289	50.30	6.73	$55,759
Dec 2006	0	4,922	56.65	6.92	$34,053
Nov 2006	0	5,129	54.20	7.62	$39,070
Oct 2006	0	2,890	54.90	6.01	$17,380
Sep 2006	0	3,627	60.08	5.04	$18,270
Aug 2006	0	7,078	68.71	7.34	$51,952
Jul 2006	0	3,246	69.37	6.34	$20,589
Jun 2006	0	3,628	66.28	6.38	$23,161
May 2006	0	5,700	66.01	6.42	$36,623
Apr 2006	0	5,616	64.39	7.36	$41,336
Mar 2006	0	5,039	56.70	7.08	$35,691
Feb 2006	0	5,323	57.59	7.75	$41,259
Jan 2006	37	5,538	60.59	8.93	$51,715
Dec 2005	25	5,742	54.94	13.42	$78,405
Nov 2005	18	6,005	54.69	10.59	$64,568
Oct 2005	19	7,838	58.34	13.80	$109,240
Sep 2005	13	6,436	61.45	12.08	$78,539
Aug 2005	15	5,688	61.51	9.80	$56,647
Jul 2005	20	7,603	55.69	7.84	$60,749
Jun 2005	13	4,533	52.33	7.38	$34,139
May 2005	7	5,727	45.22	6.65	$38,408
Apr 2005	17	7,079	49.20	7.36	$52,941
Mar 2005	3	7,639	50.37	7.15	$54,807
Feb 2005	18	6,737	45.22	6.31	$43,337
Jan 2005	7	5,382	43.16	6.32	$34,328
Dec 2004	17	6,479	39.86	6.75	$44,418
Nov 2004	18	7,217	45.28	6.33	$46,502
Oct 2004	17	7,694	49.70	6.52	$50,972
Sep 2004	17	7,732	43.24	5.28	$41,590
Aug 2004	17	7,900	42.37	5.55	$44,571
Jul 2004	23	9,285	38.28	6.08	$57,372
Jun 2004	10	4,442	36.10	6.43	$28,936
May 2004	1	7,180	37.48	6.49	$46,669
Apr 2004	2	8,641	34.47	5.86	$50,692
Mar 2004	2	9,881	34.36	5.53	$54,712
Feb 2004	1	5,813	32.45	5.51	$32,060
Jan 2004	2	9,854	32.03	6.30	$62,141
Dec 2003	3	11,912	30.26	6.30	$75,156
Nov 2003	0	4,214	28.80	4.60	$19,364
Oct 2003	0	9,410	28.17	4.76	$44,788
Sep 2003	0	10,945	26.31	4.75	$51,982
Aug 2003	0	8,280	29.76	5.13	$42,474
Jul 2003	0	11,186	29.41	5.17	$57,841
Jun 2003	0	13,089	28.56	5.98	$78,311
May 2003	0	11,034	26.59	5.97	$65,903
Apr 2003	0	11,684	26.67	5.41	$63,179
Mar 2003	0	13,783	31.14	6.10	$84,022
Feb 2003	0	13,311	33.48	7.93	$105,501
Jan 2003	0	16,804	30.31	5.58	$93,801
Dec 2002	0	17,667	26.91	4.85	$85,751
Nov 2002	0	8,593	24.66	4.14	$35,549
Oct 2002	0	12,992	26.46	4.23	$54,945
Sep 2002	0	3,167	27.44	3.64	$11,513
Aug 2002	0	7,749	25.96	3.16	$24,519
Jul 2002	0	13,962	24.58	3.06	$42,748
Jun 2002	0	7,737	23.73	3.34	$25,828
May 2002	0	10,838	24.66	3.58	$38,843
Apr 2002	0	10,559	23.65	3.51	$37,087
Mar 2002	0	10,688	22.00	3.10	$33,162
Feb 2002	0	11,834	18.22	2.38	$28,114
Jan 2002	0	11,719	17.17	2.38	$27,841
Dec 2001	23	11,997	16.93	2.36	$28,755
Nov 2001	34	12,546	18.07	2.41	$30,794
Oct 2001	30	13,756	19.78	2.53	$35,381
Sep 2001	29	15,300	24.26	2.25	$35,149
Aug 2001	0	14,156	24.87	3.05	$43,221
Jul 2001	0	16,610	23.93	3.20	$53,104
Jun 2001	0	18,773	24.56	3.82	$71,791
May 2001	0	13,847	25.52	4.31	$59,643
Apr 2001	0	15,060	24.68	5.34	$80,350
Mar 2001	0	16,129	24.54	5.38	$86,717
Feb 2001	0	16,382	27.75	5.77	$94,476
Jan 2001	14	14,773	27.47	8.40	$124,459
Dec 2000	131	21,346	26.88	9.12	$198,250
Nov 2000	88	21,638	32.21	5.66	$125,262
Oct 2000	20	17,873	31.23	5.15	$92,590
Sep 2000	23	23,186	31.87	5.19	$120,987
Aug 2000	28	25,821	29.64	4.54	$118,077
Jul 2000	26	27,203	28.53	4.09	$111,995
Jun 2000	15	15,866	29.30	4.40	$70,206
May 2000	41	31,246	27.26	3.68	$116,095
Apr 2000	23	31,472	24.51	3.12	$98,630
Mar 2000	39	34,500	28.42	2.86	$99,770
Feb 2000	38	28,858	27.62	2.73	$79,731
Jan 2000	80	33,156	25.27	2.48	$84,265
Dec 1999	2	34,119	24.28	2.42	$82,743
Nov 1999	0	34,109	23.19	2.43	$83,021
Oct 1999	3	35,338	20.98	2.80	$99,140
Sep 1999	0	36,442	21.75	2.62	$95,436
Aug 1999	0	36,827	19.26	2.88	$105,900
Jul 1999	0	29,956	17.89	2.37	$71,067
Jun 1999	0	36,046	15.94	2.36	$85,144
May 1999	0	46,220	15.79	2.32	$107,278
Apr 1999	17	32,993	15.10	2.21	$73,107
Mar 1999	0	37,715	12.47	1.84	$69,333
Feb 1999	0	38,335	9.98	1.82	$69,685
Jan 1999	0	43,808	10.38	1.90	$83,233
Dec 1998	0	47,005	9.20	1.77	$83,355
Nov 1998	0	46,896	10.89	2.19	$102,502
Oct 1998	0	50,387	12.42	1.97	$99,223
Sep 1998	0	50,312	12.59	2.08	$104,781
Aug 1998	0	55,116	11.30	1.91	$105,126
Jul 1998	0	60,344	11.74	2.24	$135,006
Jun 1998	0	49,426	11.24	2.24	$110,579
May 1998	0	45,171	12.62	2.21	$99,663
Apr 1998	0	48,384	13.04	2.51	$121,218
Mar 1998	0	53,670	12.80	2.31	$123,948
Feb 1998	0	52,863	13.95	2.30	$121,539
Jan 1998	0	61,664	14.70	2.15	$132,873
Dec 1997	0	64,709	16.32	2.41	$156,020
Nov 1997	0	70,014	18.19	3.09	$216,221
Oct 1997	0	71,603	19.25	3.15	$225,537
Sep 1997	5	76,228	17.74	2.95	$225,333
Aug 1997	0	86,472	17.86	2.55	$220,913
Jul 1997	0	94,196	17.58	2.25	$211,653
Jun 1997	0	99,974	17.24	2.26	$225,661
May 1997	31	113,068	18.97	2.31	$261,606
Apr 1997	11	122,611	17.88	2.08	$255,568
Mar 1997	5	145,274	18.95	1.94	$281,801
Feb 1997	5	156,143	20.49	2.21	$344,538
Jan 1997	24	215,151	23.48	3.54	$762,134
Dec 1996	15	240,760	23.32	—	$350
Nov 1996	15	32,715	21.97	—	$330

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Jul 2017 — as filed, then multipliedworked

Condensate             8 bbl  × $ 43.87 =       $351
Gas                1,871 Mcf  × $  3.09 =     $5,776

────────────────────────────────────────────────────
Month total                                   $6,127

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 04/G/161653 is the state's own key, not one this site invented.