B.M.T.

Name: B.M.T. lease production and value, May 1998 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 168543District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$14.4 M

May 1998 – Oct 2017

Value, last 12 filed months

$126 k

at the published price for each month

Months reported

234

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	1998-12-07	139735
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	3,851 bbl	$157,176
Gas	Production	3,995,628 Mcf	$14,277,519
Total			$14,434,694

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 27.4016, -99.1787. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.40163, -99.17870 · 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

10,800 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 10,800 ft.

Completions filed

Sep 2017

1 of 1 wells

1 well


42-47936875	63	10,800 ft	Sep 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 (234)

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

234 months


Oct 2017	2	0	49.29	2.98	$99
Sep 2017	7	1,354	47.52	3.09	$4,513
Aug 2017	8	3,224	45.37	3.00	$10,049
Jul 2017	22	3,594	43.87	3.09	$12,061
Jun 2017	65	3,497	42.49	3.09	$13,558
May 2017	71	3,471	45.37	3.26	$14,549
Apr 2017	40	3,619	47.93	3.21	$13,540
Mar 2017	25	3,836	46.77	2.98	$12,615
Feb 2017	33	3,397	50.45	2.95	$11,695
Jan 2017	0	3,002	49.41	3.42	$10,263
Dec 2016	0	3,749	48.76	3.72	$13,957
Nov 2016	0	3,549	42.49	2.64	$9,385
Oct 2016	0	3,446	46.19	3.09	$10,649
Sep 2016	0	3,464	41.55	3.10	$10,741
Aug 2016	0	3,536	41.44	2.92	$10,340
Jul 2016	0	3,574	41.62	2.92	$10,452
Jun 2016	0	3,725	45.35	2.69	$10,005
May 2016	0	3,733	42.52	1.99	$7,433
Apr 2016	0	2,487	36.56	1.99	$4,952
Mar 2016	0	3,920	33.01	1.79	$7,033
Feb 2016	0	3,312	26.47	2.06	$6,835
Jan 2016	0	3,410	27.35	2.36	$8,062
Dec 2015	0	3,864	32.36	2.00	$7,733
Nov 2015	0	3,751	38.79	2.17	$8,130
Oct 2015	0	3,948	43.55	2.43	$9,580
Sep 2015	0	3,843	42.99	2.76	$10,601
Aug 2015	0	4,418	40.16	2.87	$12,691
Jul 2015	0	3,981	48.15	2.95	$11,724
Jun 2015	0	4,441	56.15	2.88	$12,803
May 2015	0	4,494	55.21	2.96	$13,282
Apr 2015	0	4,423	49.82	2.71	$11,971
Mar 2015	0	3,948	42.89	2.93	$11,586
Feb 2015	0	4,069	44.66	2.98	$12,110
Jan 2015	0	4,347	43.43	3.10	$13,478
Dec 2014	0	4,828	54.69	3.59	$17,339
Nov 2014	0	2,540	70.46	4.25	$10,800
Oct 2014	0	3,375	78.30	3.90	$13,166
Sep 2014	0	4,356	86.16	4.05	$17,622
Aug 2014	0	4,845	89.39	4.04	$19,550
Jul 2014	0	4,325	96.56	4.18	$18,077
Jun 2014	0	3,049	98.16	4.74	$14,443
May 2014	0	4,048	94.73	4.73	$19,133
Apr 2014	0	3,781	95.94	4.81	$18,183
Mar 2014	0	4,440	95.89	5.06	$22,452
Feb 2014	0	3,009	97.40	6.19	$18,632
Jan 2014	0	4,010	90.40	4.86	$19,491
Dec 2013	0	4,518	91.82	4.35	$19,674
Nov 2013	0	4,120	88.85	3.74	$15,402
Oct 2013	0	4,480	97.42	3.78	$16,932
Sep 2013	0	4,262	104.11	3.72	$15,845
Aug 2013	0	4,326	104.25	3.52	$15,239
Jul 2013	0	4,391	102.52	3.72	$16,325
Jun 2013	0	3,996	94.40	3.93	$15,718
May 2013	0	4,311	94.83	4.15	$17,887
Apr 2013	0	3,975	93.96	4.28	$17,023
Mar 2013	0	3,680	93.62	3.91	$14,399
Feb 2013	0	3,749	91.23	3.42	$12,821
Jan 2013	0	4,489	91.60	3.42	$15,352
Dec 2012	0	4,452	86.77	3.42	$15,227
Nov 2012	0	4,905	86.95	3.62	$17,780
Oct 2012	0	5,205	89.38	3.40	$17,695
Sep 2012	0	5,354	94.67	2.92	$15,625
Aug 2012	0	5,038	92.66	2.91	$14,651
Jul 2012	0	4,993	85.13	3.02	$15,083
Jun 2012	0	5,481	79.82	2.52	$13,807
May 2012	0	5,247	91.61	2.49	$13,056
Apr 2012	0	5,335	101.65	2.00	$10,653
Mar 2012	0	4,740	105.05	2.22	$10,533
Feb 2012	0	5,348	101.10	2.57	$13,746
Jan 2012	0	5,776	98.09	2.73	$15,792
Dec 2011	0	5,733	96.87	3.24	$18,573
Nov 2011	0	6,246	95.72	3.31	$20,682
Oct 2011	0	6,222	84.98	3.65	$22,701
Sep 2011	0	6,121	83.62	3.99	$24,397
Aug 2011	0	6,060	83.40	4.15	$25,145
Jul 2011	0	6,271	94.14	4.52	$28,328
Jun 2011	0	5,889	92.90	4.64	$27,324
May 2011	0	6,811	98.13	4.40	$30,001
Apr 2011	0	5,033	105.96	4.33	$21,809
Mar 2011	0	5,458	96.36	4.06	$22,145
Feb 2011	0	4,839	85.64	4.18	$20,227
Jan 2011	0	5,388	86.50	4.59	$24,724
Dec 2010	1	5,705	85.73	4.35	$24,890
Nov 2010	1	3,654	80.84	3.80	$13,949
Oct 2010	1	4,999	78.10	3.51	$17,619
Sep 2010	1	4,974	72.63	3.98	$19,867
Aug 2010	1	5,375	73.68	4.42	$23,828
Jul 2010	1	5,817	72.55	4.74	$27,625
Jun 2010	2	5,330	70.36	4.91	$26,313
May 2010	3	4,634	71.12	4.24	$19,839
Apr 2010	4	2,448	81.69	4.12	$10,419
Mar 2010	5	3,871	78.39	4.39	$17,380
Feb 2010	6	3,990	73.58	5.44	$22,157
Jan 2010	5	4,976	74.36	5.96	$30,049
Dec 2009	8	5,048	71.44	5.48	$28,253
Nov 2009	11	4,744	74.59	3.75	$18,618
Oct 2009	6	2,436	72.54	4.11	$10,448
Sep 2009	10	4,099	65.54	3.06	$13,218
Aug 2009	9	4,265	67.42	3.22	$14,334
Jul 2009	12	5,444	61.13	3.46	$19,594
Jun 2009	7	5,484	66.16	3.90	$21,823
May 2009	11	6,099	54.74	3.93	$24,545
Apr 2009	12	6,030	46.77	3.59	$22,194
Mar 2009	11	6,317	42.14	4.06	$26,104
Feb 2009	6	5,834	32.81	4.63	$27,226
Jan 2009	11	6,700	35.86	5.37	$36,380
Dec 2008	10	7,108	37.10	5.98	$42,857
Nov 2008	0	4,620	55.49	6.86	$31,695
Oct 2008	0	8,584	75.24	6.92	$59,418
Sep 2008	0	7,808	101.76	7.88	$61,504
Aug 2008	0	7,319	114.22	8.48	$62,087
Jul 2008	0	8,541	131.08	11.39	$97,277
Jun 2008	0	5,012	131.33	13.03	$65,320
May 2008	0	2,928	123.17	11.57	$33,890
Apr 2008	0	4,945	110.31	10.45	$51,699
Mar 2008	0	5,950	101.90	9.66	$57,501
Feb 2008	0	5,636	92.53	8.77	$49,431
Jan 2008	0	6,112	90.38	8.21	$50,153
Dec 2007	0	6,950	88.33	7.30	$50,749
Nov 2007	4	6,910	91.67	7.29	$50,752
Oct 2007	3	6,795	82.85	6.92	$47,283
Sep 2007	2	6,941	75.84	6.24	$43,492
Aug 2007	2	7,349	69.06	6.39	$47,083
Jul 2007	7	7,017	70.90	6.39	$45,320
Jun 2007	102	6,793	62.00	7.55	$57,601
May 2007	102	8,227	58.74	7.85	$70,543
Apr 2007	121	8,173	59.61	7.81	$71,005
Mar 2007	147	9,118	56.92	7.30	$74,947
Feb 2007	156	8,623	55.10	8.22	$79,442
Jan 2007	228	10,317	50.30	6.73	$80,869
Dec 2006	229	9,466	56.65	6.92	$78,463
Nov 2006	16	9,065	54.20	7.62	$69,920
Oct 2006	20	12,732	54.90	6.01	$77,666
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	15	9,076	68.71	7.34	$67,648
Jul 2006	63	17,013	69.37	6.34	$112,280
Jun 2006	0	2,679	66.28	6.38	$17,102
May 2006	0	3,463	66.01	6.42	$22,250
Apr 2006	0	7,904	64.39	7.36	$58,177
Mar 2006	0	1,418	56.70	7.08	$10,044
Feb 2006	0	5,815	57.59	7.75	$45,073
Jan 2006	0	6,925	60.59	8.93	$61,863
Dec 2005	0	9,834	54.94	13.42	$131,927
Nov 2005	0	8,057	54.69	10.59	$85,311
Oct 2005	0	9,389	58.34	13.80	$129,528
Sep 2005	0	6,844	61.45	12.08	$82,669
Aug 2005	2	7,872	61.51	9.80	$77,244
Jul 2005	42	9,933	55.69	7.84	$80,250
Jun 2005	49	10,837	52.33	7.38	$82,553
May 2005	44	7,990	45.22	6.65	$55,132
Apr 2005	51	8,509	49.20	7.36	$65,140
Mar 2005	11	9,545	50.37	7.15	$68,847
Feb 2005	82	11,651	45.22	6.31	$77,248
Jan 2005	47	13,110	43.16	6.32	$84,913
Dec 2004	57	7,605	39.86	6.75	$53,614
Nov 2004	53	7,627	45.28	6.33	$50,682
Oct 2004	92	15,590	49.70	6.52	$106,143
Sep 2004	89	14,665	43.24	5.28	$81,337
Aug 2004	62	11,054	42.37	5.55	$63,984
Jul 2004	0	6,975	38.28	6.08	$42,437
Jun 2004	0	9,689	36.10	6.43	$62,330
May 2004	0	16,536	37.48	6.49	$107,394
Apr 2004	0	15,574	34.47	5.86	$91,240
Mar 2004	0	9,723	34.36	5.53	$53,770
Feb 2004	0	4,533	32.45	5.51	$24,975
Jan 2004	0	11,579	32.03	6.30	$72,944
Dec 2003	0	17,107	30.26	6.30	$107,802
Nov 2003	0	7,113	28.80	4.60	$32,685
Oct 2003	0	12,231	28.17	4.76	$58,215
Sep 2003	0	7,239	26.31	4.75	$34,381
Aug 2003	0	5,559	29.76	5.13	$28,516
Jul 2003	1	10,685	29.41	5.17	$55,280
Jun 2003	30	13,197	28.56	5.98	$79,814
May 2003	29	12,300	26.59	5.97	$74,235
Apr 2003	32	13,769	26.67	5.41	$75,306
Mar 2003	18	10,995	31.14	6.10	$67,586
Feb 2003	21	13,463	33.48	7.93	$107,409
Jan 2003	27	19,004	30.31	5.58	$106,899
Dec 2002	19	10,159	26.91	4.85	$49,821
Nov 2002	23	14,635	24.66	4.14	$61,112
Oct 2002	26	16,559	26.46	4.23	$70,718
Sep 2002	26	18,875	27.44	3.64	$69,328
Aug 2002	21	16,790	25.96	3.16	$53,671
Jul 2002	0	15,565	24.58	3.06	$47,656
Jun 2002	0	17,487	23.73	3.34	$58,376
May 2002	0	19,514	24.66	3.58	$69,938
Apr 2002	0	19,250	23.65	3.51	$67,612
Mar 2002	0	21,101	22.00	3.10	$65,470
Feb 2002	0	20,894	18.22	2.38	$49,637
Jan 2002	0	24,571	17.17	2.38	$58,373
Dec 2001	0	17,887	16.93	2.36	$42,292
Nov 2001	0	22,156	18.07	2.41	$53,297
Oct 2001	0	17,067	19.78	2.53	$43,160
Sep 2001	0	25,580	24.26	2.25	$57,589
Aug 2001	0	29,871	24.87	3.05	$91,201
Jul 2001	93	33,003	23.93	3.20	$107,739
Jun 2001	85	35,015	24.56	3.82	$135,991
May 2001	72	37,342	25.52	4.31	$162,681
Apr 2001	82	36,433	24.68	5.34	$196,405
Mar 2001	74	41,546	24.54	5.38	$225,186
Feb 2001	47	34,063	27.75	5.77	$197,748
Jan 2001	56	42,119	27.47	8.40	$355,286
Dec 2000	0	25,059	26.88	9.12	$228,601
Nov 2000	0	22,758	32.21	5.66	$128,765
Oct 2000	0	20,444	31.23	5.15	$105,195
Sep 2000	0	21,351	31.87	5.19	$110,737
Aug 2000	0	17,218	29.64	4.54	$78,183
Jul 2000	0	21,950	28.53	4.09	$89,770
Jun 2000	0	22,936	29.30	4.40	$100,855
May 2000	0	34,920	27.26	3.68	$128,497
Apr 2000	0	34,725	24.51	3.12	$108,203
Mar 2000	0	41,662	28.42	2.86	$119,143
Feb 2000	0	40,639	27.62	2.73	$110,802
Jan 2000	0	35,165	25.27	2.48	$87,227
Dec 1999	0	27,402	24.28	2.42	$66,415
Nov 1999	0	36,041	23.19	2.43	$87,723
Oct 1999	6	38,806	20.98	2.80	$108,927
Sep 1999	196	56,683	21.75	2.62	$152,707
Aug 1999	152	44,458	19.26	2.88	$130,771
Jul 1999	142	35,859	17.89	2.37	$87,611
Jun 1999	96	24,934	15.94	2.36	$60,427
May 1999	151	41,437	15.79	2.32	$98,560
Apr 1999	0	58,481	15.10	2.21	$129,129
Mar 1999	0	64,058	12.47	1.84	$117,760
Feb 1999	0	52,079	9.98	1.82	$94,669
Jan 1999	0	82,637	10.38	1.90	$157,006
Dec 1998	0	88,602	9.20	1.77	$157,120
Nov 1998	0	87,825	10.89	2.19	$191,961
Oct 1998	0	107,785	12.42	1.97	$212,251
Sep 1998	0	142,936	12.59	2.08	$297,681
Aug 1998	0	183,454	11.30	1.91	$349,911
Jul 1998	0	262,778	11.74	2.24	$587,905
Jun 1998	0	436,742	11.24	2.24	$977,110
May 1998	0	88,060	12.62	2.21	$194,290

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.

Oct 2017 — as filed, then multipliedworked

Condensate             2 bbl  × $ 49.29 =        $99
Gas                    0 Mcf  × $  2.98 =         $0

────────────────────────────────────────────────────
Month total                                      $99

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/168543 is the state's own key, not one this site invented.