B.M.T.

Name: B.M.T. lease production and value, Oct 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 170959District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$2.2 M

Oct 1998 – Jul 2018

Value, last 12 filed months

$1 k

at the published price for each month

Months reported

238

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	1999-01-29	139992
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	8,466 bbl	$200,798
Gas	Production	557,370 Mcf	$1,969,542
Total			$2,170,340

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 27.4077, -99.1748. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.40766, -99.17482 · 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

11,000 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 11,000 ft.

Completions filed

Sep 2017

1 of 1 wells

1 well


42-47937060	98	11,000 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 (238)

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

238 months


Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	1	427	45.37	3.00	$1,328
Jul 2017	1	416	43.87	3.09	$1,328
Jun 2017	0	406	42.49	3.09	$1,253
May 2017	0	417	45.37	3.26	$1,361
Apr 2017	0	411	47.93	3.21	$1,320
Mar 2017	0	429	46.77	2.98	$1,280
Feb 2017	0	379	50.45	2.95	$1,119
Jan 2017	0	335	49.41	3.42	$1,145
Dec 2016	0	421	48.76	3.72	$1,567
Nov 2016	0	326	42.49	2.64	$862
Oct 2016	0	378	46.19	3.09	$1,168
Sep 2016	0	364	41.55	3.10	$1,129
Aug 2016	0	384	41.44	2.92	$1,123
Jul 2016	0	432	41.62	2.92	$1,263
Jun 2016	0	486	45.35	2.69	$1,305
May 2016	0	483	42.52	1.99	$962
Apr 2016	0	470	36.56	1.99	$936
Mar 2016	0	493	33.01	1.79	$884
Feb 2016	0	458	26.47	2.06	$945
Jan 2016	0	472	27.35	2.36	$1,116
Dec 2015	0	505	32.36	2.00	$1,011
Nov 2015	0	497	38.79	2.17	$1,077
Oct 2015	0	515	43.55	2.43	$1,250
Sep 2015	0	503	42.99	2.76	$1,387
Aug 2015	0	532	40.16	2.87	$1,528
Jul 2015	0	530	48.15	2.95	$1,561
Jun 2015	0	458	56.15	2.88	$1,320
May 2015	0	535	55.21	2.96	$1,581
Apr 2015	0	528	49.82	2.71	$1,429
Mar 2015	0	540	42.89	2.93	$1,585
Feb 2015	0	486	44.66	2.98	$1,446
Jan 2015	0	510	43.43	3.10	$1,581
Dec 2014	0	551	54.69	3.59	$1,979
Nov 2014	0	521	70.46	4.25	$2,215
Oct 2014	0	869	78.30	3.90	$3,390
Sep 2014	0	305	86.16	4.05	$1,234
Aug 2014	0	385	89.39	4.04	$1,554
Jul 2014	0	402	96.56	4.18	$1,680
Jun 2014	0	410	98.16	4.74	$1,942
May 2014	0	328	94.73	4.73	$1,550
Apr 2014	0	411	95.94	4.81	$1,977
Mar 2014	0	591	95.89	5.06	$2,989
Feb 2014	0	314	97.40	6.19	$1,944
Jan 2014	0	373	90.40	4.86	$1,813
Dec 2013	0	389	91.82	4.35	$1,694
Nov 2013	0	381	88.85	3.74	$1,424
Oct 2013	0	403	97.42	3.78	$1,523
Sep 2013	0	409	104.11	3.72	$1,521
Aug 2013	0	486	104.25	3.52	$1,712
Jul 2013	0	528	102.52	3.72	$1,963
Jun 2013	0	534	94.40	3.93	$2,100
May 2013	0	604	94.83	4.15	$2,506
Apr 2013	0	714	93.96	4.28	$3,058
Mar 2013	0	597	93.62	3.91	$2,336
Feb 2013	0	690	91.23	3.42	$2,360
Jan 2013	0	1,053	91.60	3.42	$3,601
Dec 2012	0	702	86.77	3.42	$2,401
Nov 2012	0	595	86.95	3.62	$2,157
Oct 2012	0	439	89.38	3.40	$1,492
Sep 2012	0	529	94.67	2.92	$1,544
Aug 2012	0	617	92.66	2.91	$1,794
Jul 2012	0	1,026	85.13	3.02	$3,099
Jun 2012	0	944	79.82	2.52	$2,378
May 2012	0	912	91.61	2.49	$2,269
Apr 2012	0	1,047	101.65	2.00	$2,091
Mar 2012	0	1,174	105.05	2.22	$2,609
Feb 2012	0	1,138	101.10	2.57	$2,925
Jan 2012	0	1,154	98.09	2.73	$3,155
Dec 2011	0	1,038	96.87	3.24	$3,363
Nov 2011	0	945	95.72	3.31	$3,129
Oct 2011	0	943	84.98	3.65	$3,441
Sep 2011	0	700	83.62	3.99	$2,790
Aug 2011	0	594	83.40	4.15	$2,465
Jul 2011	0	561	94.14	4.52	$2,534
Jun 2011	0	507	92.90	4.64	$2,352
May 2011	0	598	98.13	4.40	$2,634
Apr 2011	0	554	105.96	4.33	$2,401
Mar 2011	0	1,488	96.36	4.06	$6,037
Feb 2011	0	974	85.64	4.18	$4,071
Jan 2011	0	811	86.50	4.59	$3,722
Dec 2010	0	1,037	85.73	4.35	$4,509
Nov 2010	0	1,071	80.84	3.80	$4,065
Oct 2010	0	1,130	78.10	3.51	$3,965
Sep 2010	0	914	72.63	3.98	$3,637
Aug 2010	0	714	73.68	4.42	$3,155
Jul 2010	3	794	72.55	4.74	$3,978
Jun 2010	16	1,077	70.36	4.91	$6,414
May 2010	23	905	71.12	4.24	$5,469
Apr 2010	47	969	81.69	4.12	$7,834
Mar 2010	35	675	78.39	4.39	$5,706
Feb 2010	62	1,351	73.58	5.44	$11,915
Jan 2010	36	1,165	74.36	5.96	$9,625
Dec 2009	31	657	71.44	5.48	$5,817
Nov 2009	27	1,417	74.59	3.75	$7,330
Oct 2009	18	1,029	72.54	4.11	$5,535
Sep 2009	12	628	65.54	3.06	$2,711
Aug 2009	12	729	67.42	3.22	$3,155
Jul 2009	11	730	61.13	3.46	$3,202
Jun 2009	3	686	66.16	3.90	$2,870
May 2009	4	728	54.74	3.93	$3,077
Apr 2009	5	709	46.77	3.59	$2,777
Mar 2009	4	735	42.14	4.06	$3,152
Feb 2009	3	866	32.81	4.63	$4,111
Jan 2009	6	1,229	35.86	5.37	$6,816
Dec 2008	6	1,240	37.10	5.98	$7,634
Nov 2008	0	1,208	55.49	6.86	$8,287
Oct 2008	0	745	75.24	6.92	$5,157
Sep 2008	0	713	101.76	7.88	$5,616
Aug 2008	0	797	114.22	8.48	$6,761
Jul 2008	0	794	131.08	11.39	$9,043
Jun 2008	0	1,147	131.33	13.03	$14,948
May 2008	0	1,333	123.17	11.57	$15,429
Apr 2008	0	1,339	110.31	10.45	$13,999
Mar 2008	0	756	101.90	9.66	$7,306
Feb 2008	0	1,178	92.53	8.77	$10,332
Jan 2008	0	1,504	90.38	8.21	$12,341
Dec 2007	0	745	88.33	7.30	$5,440
Nov 2007	0	735	91.67	7.29	$5,359
Oct 2007	0	888	82.85	6.92	$6,147
Sep 2007	0	1,460	75.84	6.24	$9,116
Aug 2007	0	971	69.06	6.39	$6,203
Jul 2007	0	549	70.90	6.39	$3,507
Jun 2007	0	733	62.00	7.55	$5,533
May 2007	0	1,126	58.74	7.85	$8,835
Apr 2007	0	1,599	59.61	7.81	$12,481
Mar 2007	0	1,606	56.92	7.30	$11,727
Feb 2007	2	1,499	55.10	8.22	$12,426
Jan 2007	32	812	50.30	6.73	$7,072
Dec 2006	49	1,078	56.65	6.92	$10,234
Nov 2006	88	1,382	54.20	7.62	$15,297
Oct 2006	86	1,516	54.90	6.01	$13,838
Sep 2006	83	1,535	60.08	5.04	$12,719
Aug 2006	89	1,577	68.71	7.34	$17,690
Jul 2006	88	1,410	69.37	6.34	$15,048
Jun 2006	60	1,293	66.28	6.38	$12,231
May 2006	59	1,338	66.01	6.42	$12,491
Apr 2006	0	170	64.39	7.36	$1,251
Mar 2006	2	0	56.70	7.08	$113
Feb 2006	33	628	57.59	7.75	$6,768
Jan 2006	59	1,140	60.59	8.93	$13,759
Dec 2005	61	1,102	54.94	13.42	$18,135
Nov 2005	36	961	54.69	10.59	$12,144
Oct 2005	29	925	58.34	13.80	$14,453
Sep 2005	22	878	61.45	12.08	$11,957
Aug 2005	30	938	61.51	9.80	$11,035
Jul 2005	0	1,365	55.69	7.84	$10,707
Jun 2005	0	2,018	52.33	7.38	$14,895
May 2005	0	874	45.22	6.65	$5,813
Apr 2005	0	860	49.20	7.36	$6,330
Mar 2005	0	1,094	50.37	7.15	$7,827
Feb 2005	0	792	45.22	6.31	$4,999
Jan 2005	0	827	43.16	6.32	$5,228
Dec 2004	0	886	39.86	6.75	$5,981
Nov 2004	0	834	45.28	6.33	$5,280
Oct 2004	0	899	49.70	6.52	$5,857
Sep 2004	0	936	43.24	5.28	$4,946
Aug 2004	6	1,064	42.37	5.55	$6,160
Jul 2004	127	2,255	38.28	6.08	$18,581
Jun 2004	117	2,299	36.10	6.43	$19,013
May 2004	86	1,940	37.48	6.49	$15,823
Apr 2004	99	2,024	34.47	5.86	$15,270
Mar 2004	169	2,871	34.36	5.53	$21,684
Feb 2004	107	2,124	32.45	5.51	$15,175
Jan 2004	0	1,290	32.03	6.30	$8,127
Dec 2003	0	1,246	30.26	6.30	$7,852
Nov 2003	0	1,211	28.80	4.60	$5,565
Oct 2003	0	3,499	28.17	4.76	$16,654
Sep 2003	0	1,844	26.31	4.75	$8,758
Aug 2003	0	59	29.76	5.13	$303
Jul 2003	0	367	29.41	5.17	$1,898
Jun 2003	0	353	28.56	5.98	$2,112
May 2003	0	494	26.59	5.97	$2,951
Apr 2003	0	133	26.67	5.41	$719
Mar 2003	0	886	31.14	6.10	$5,401
Feb 2003	2	0	33.48	7.93	$67
Jan 2003	53	1,529	30.31	5.58	$10,141
Dec 2002	88	2,452	26.91	4.85	$14,270
Nov 2002	54	1,745	24.66	4.14	$8,551
Oct 2002	91	3,092	26.46	4.23	$15,484
Sep 2002	85	3,235	27.44	3.64	$14,092
Aug 2002	47	1,903	25.96	3.16	$7,242
Jul 2002	67	2,558	24.58	3.06	$9,479
Jun 2002	0	2,251	23.73	3.34	$7,514
May 2002	0	2,338	24.66	3.58	$8,379
Apr 2002	0	3,122	23.65	3.51	$10,965
Mar 2002	0	2,889	22.00	3.10	$8,964
Feb 2002	0	3,681	18.22	2.38	$8,745
Jan 2002	0	1,207	17.17	2.38	$2,867
Dec 2001	0	2,085	16.93	2.36	$4,930
Nov 2001	0	1,477	18.07	2.41	$3,553
Oct 2001	0	2,860	19.78	2.53	$7,233
Sep 2001	0	2,906	24.26	2.25	$6,542
Aug 2001	0	3,051	24.87	3.05	$9,315
Jul 2001	109	3,276	23.93	3.20	$13,082
Jun 2001	84	2,924	24.56	3.82	$13,245
May 2001	78	3,415	25.52	4.31	$16,700
Apr 2001	92	3,451	24.68	5.34	$20,683
Mar 2001	93	4,420	24.54	5.38	$26,046
Feb 2001	51	3,135	27.75	5.77	$19,495
Jan 2001	0	3,876	27.47	8.40	$32,554
Dec 2000	0	5,233	26.88	9.12	$47,738
Nov 2000	0	4,574	32.21	5.66	$25,880
Oct 2000	0	5,133	31.23	5.15	$26,412
Sep 2000	0	5,426	31.87	5.19	$28,142
Aug 2000	0	5,105	29.64	4.54	$23,181
Jul 2000	0	4,061	28.53	4.09	$16,608
Jun 2000	0	5,688	29.30	4.40	$25,012
May 2000	0	5,769	27.26	3.68	$21,228
Apr 2000	0	7,908	24.51	3.12	$24,641
Mar 2000	0	8,007	28.42	2.86	$22,898
Feb 2000	0	5,122	27.62	2.73	$13,965
Jan 2000	1	5,909	25.27	2.48	$14,683
Dec 1999	45	6,585	24.28	2.42	$17,053
Nov 1999	79	9,126	23.19	2.43	$24,045
Oct 1999	92	12,642	20.98	2.80	$37,375
Sep 1999	100	7,010	21.75	2.62	$20,533
Aug 1999	108	7,655	19.26	2.88	$24,093
Jul 1999	113	6,750	17.89	2.37	$18,035
Jun 1999	113	7,064	15.94	2.36	$18,487
May 1999	221	11,829	15.79	2.32	$30,945
Apr 1999	788	11,122	15.10	2.21	$36,457
Mar 1999	222	18,585	12.47	1.84	$36,934
Feb 1999	249	20,360	9.98	1.82	$39,495
Jan 1999	1,020	21,224	10.38	1.90	$50,912
Dec 1998	725	30,200	9.20	1.77	$60,224
Nov 1998	1,205	48,478	10.89	2.19	$119,082
Oct 1998	406	52,526	12.42	1.97	$108,477

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.

Aug 2017 — as filed, then multipliedworked

Condensate             1 bbl  × $ 45.37 =        $45
Gas                  427 Mcf  × $  3.00 =     $1,283

────────────────────────────────────────────────────
Month total                                   $1,328

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/170959 is the state's own key, not one this site invented.