B.M.T.

Name: B.M.T. lease production and value, Jan 1999 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 172203District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$17.1 M

Jan 1999 – Jun 2018

Value, last 12 filed months

$34 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	1999-04-28	140439
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	9,012 bbl	$311,955
Gas	Production	4,155,761 Mcf	$16,768,337
Total			$17,080,292

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 27.3830, -99.1610. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.38297, -99.16099 · 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

11,250 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 11,250 ft.

Completions filed

Oct 2017

1 of 1 wells

1 well


42-47937177	109	11,250 ft	Oct 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


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	3	1,163	47.52	3.09	$3,733
Aug 2017	8	4,743	45.37	3.00	$14,613
Jul 2017	8	4,997	43.87	3.09	$15,778
Jun 2017	0	5,709	42.49	3.09	$17,625
May 2017	0	3,946	45.37	3.26	$12,877
Apr 2017	0	2,725	47.93	3.21	$8,752
Mar 2017	0	5,390	46.77	2.98	$16,082
Feb 2017	0	5,099	50.45	2.95	$15,055
Jan 2017	0	5,941	49.41	3.42	$20,311
Dec 2016	0	6,181	48.76	3.72	$23,011
Nov 2016	0	5,984	42.49	2.64	$15,824
Oct 2016	0	6,214	46.19	3.09	$19,203
Sep 2016	0	6,026	41.55	3.10	$18,684
Aug 2016	0	6,289	41.44	2.92	$18,391
Jul 2016	0	6,405	41.62	2.92	$18,730
Jun 2016	0	5,813	45.35	2.69	$15,613
May 2016	0	6,081	42.52	1.99	$12,108
Apr 2016	0	5,573	36.56	1.99	$11,096
Mar 2016	0	5,105	33.01	1.79	$9,158
Feb 2016	0	5,301	26.47	2.06	$10,939
Jan 2016	0	6,258	27.35	2.36	$14,796
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	7,036	38.79	2.17	$15,249
Oct 2015	0	6,641	43.55	2.43	$16,115
Sep 2015	0	6,259	42.99	2.76	$17,265
Aug 2015	0	6,463	40.16	2.87	$18,565
Jul 2015	0	5,978	48.15	2.95	$17,606
Jun 2015	0	4,915	56.15	2.88	$14,169
May 2015	0	6,142	55.21	2.96	$18,152
Apr 2015	0	6,281	49.82	2.71	$17,000
Mar 2015	0	6,378	42.89	2.93	$18,718
Feb 2015	0	5,682	44.66	2.98	$16,911
Jan 2015	0	7,289	43.43	3.10	$22,600
Dec 2014	0	2,613	54.69	3.59	$9,384
Nov 2014	0	5,857	70.46	4.25	$24,903
Oct 2014	0	5,177	78.30	3.90	$20,195
Sep 2014	0	5,235	86.16	4.05	$21,178
Aug 2014	0	4,895	89.39	4.04	$19,752
Jul 2014	0	5,037	96.56	4.18	$21,053
Jun 2014	0	4,474	98.16	4.74	$21,193
May 2014	0	4,682	94.73	4.73	$22,130
Apr 2014	0	5,138	95.94	4.81	$24,709
Mar 2014	0	5,704	95.89	5.06	$28,844
Feb 2014	0	3,367	97.40	6.19	$20,848
Jan 2014	0	5,245	90.40	4.86	$25,494
Dec 2013	0	6,214	91.82	4.35	$27,059
Nov 2013	0	5,854	88.85	3.74	$21,884
Oct 2013	0	7,015	97.42	3.78	$26,512
Sep 2013	0	6,271	104.11	3.72	$23,314
Aug 2013	0	6,645	104.25	3.52	$23,408
Jul 2013	0	7,917	102.52	3.72	$29,433
Jun 2013	0	6,924	94.40	3.93	$27,235
May 2013	0	7,133	94.83	4.15	$29,595
Apr 2013	0	6,355	93.96	4.28	$27,216
Mar 2013	0	6,693	93.62	3.91	$26,189
Feb 2013	0	6,092	91.23	3.42	$20,834
Jan 2013	0	7,294	91.60	3.42	$24,945
Dec 2012	0	7,872	86.77	3.42	$26,924
Nov 2012	0	5,413	86.95	3.62	$19,622
Oct 2012	0	10,077	89.38	3.40	$34,259
Sep 2012	0	6,416	94.67	2.92	$18,724
Aug 2012	0	458	92.66	2.91	$1,332
Jul 2012	0	516	85.13	3.02	$1,559
Jun 2012	0	2,646	79.82	2.52	$6,665
May 2012	0	3,728	91.61	2.49	$9,276
Apr 2012	0	3,320	101.65	2.00	$6,629
Mar 2012	0	3,806	105.05	2.22	$8,457
Feb 2012	0	3,610	101.10	2.57	$9,279
Jan 2012	0	8,469	98.09	2.73	$23,155
Dec 2011	0	6,990	96.87	3.24	$22,646
Nov 2011	0	6,472	95.72	3.31	$21,431
Oct 2011	0	9,834	84.98	3.65	$35,880
Sep 2011	0	5,742	83.62	3.99	$22,886
Aug 2011	0	7,208	83.40	4.15	$29,908
Jul 2011	0	7,546	94.14	4.52	$34,087
Jun 2011	9	7,322	92.90	4.64	$34,809
May 2011	63	5,283	98.13	4.40	$29,453
Apr 2011	100	5,813	105.96	4.33	$35,785
Mar 2011	150	7,502	96.36	4.06	$44,892
Feb 2011	104	8,336	85.64	4.18	$43,751
Jan 2011	0	7,220	86.50	4.59	$33,131
Dec 2010	0	7,288	85.73	4.35	$31,686
Nov 2010	0	9,003	80.84	3.80	$34,169
Oct 2010	0	9,851	78.10	3.51	$34,566
Sep 2010	0	7,610	72.63	3.98	$30,284
Aug 2010	0	8,673	73.68	4.42	$38,329
Jul 2010	0	9,364	72.55	4.74	$44,352
Jun 2010	0	8,427	70.36	4.91	$41,380
May 2010	0	8,783	71.12	4.24	$37,198
Apr 2010	0	8,333	81.69	4.12	$34,354
Mar 2010	0	9,967	78.39	4.39	$43,742
Feb 2010	0	9,063	73.58	5.44	$49,324
Jan 2010	0	9,586	74.36	5.96	$57,172
Dec 2009	0	10,034	71.44	5.48	$55,024
Nov 2009	0	9,732	74.59	3.75	$36,510
Oct 2009	0	10,408	72.54	4.11	$42,779
Sep 2009	0	9,982	65.54	3.06	$30,592
Aug 2009	0	11,435	67.42	3.22	$36,804
Jul 2009	0	10,915	61.13	3.46	$37,815
Jun 2009	0	11,424	66.16	3.90	$44,496
May 2009	0	11,690	54.74	3.93	$45,892
Apr 2009	0	7,514	46.77	3.59	$26,956
Mar 2009	0	10,699	42.14	4.06	$43,427
Feb 2009	0	10,769	32.81	4.63	$49,893
Jan 2009	2	12,524	35.86	5.37	$67,338
Dec 2008	11	12,176	37.10	5.98	$73,186
Nov 2008	13	11,505	55.49	6.86	$79,650
Oct 2008	9	8,824	75.24	6.92	$61,757
Sep 2008	12	7,709	101.76	7.88	$61,946
Aug 2008	12	11,533	114.22	8.48	$99,205
Jul 2008	9	13,402	131.08	11.39	$153,821
Jun 2008	8	12,636	131.33	13.03	$165,731
May 2008	29	13,635	123.17	11.57	$161,387
Apr 2008	25	13,443	110.31	10.45	$143,302
Mar 2008	30	14,684	101.90	9.66	$144,964
Feb 2008	22	7,865	92.53	8.77	$71,016
Jan 2008	38	11,500	90.38	8.21	$97,800
Dec 2007	100	14,408	88.33	7.30	$114,040
Nov 2007	103	14,386	91.67	7.29	$114,340
Oct 2007	87	15,631	82.85	6.92	$115,405
Sep 2007	58	14,390	75.84	6.24	$94,252
Aug 2007	67	16,580	69.06	6.39	$110,539
Jul 2007	2	15,883	70.90	6.39	$101,601
Jun 2007	43	15,495	62.00	7.55	$119,629
May 2007	39	16,984	58.74	7.85	$135,552
Apr 2007	47	16,915	59.61	7.81	$134,827
Mar 2007	58	19,455	56.92	7.30	$145,361
Feb 2007	65	19,094	55.10	8.22	$160,458
Jan 2007	96	17,681	50.30	6.73	$123,766
Dec 2006	98	16,303	56.65	6.92	$118,343
Nov 2006	48	5,500	54.20	7.62	$44,498
Oct 2006	44	5,547	54.90	6.01	$35,774
Sep 2006	49	6,465	60.08	5.04	$35,509
Aug 2006	58	7,469	68.71	7.34	$58,807
Jul 2006	0	6,736	69.37	6.34	$42,725
Jun 2006	0	6,382	66.28	6.38	$40,742
May 2006	0	5,201	66.01	6.42	$33,416
Apr 2006	0	5,110	64.39	7.36	$37,612
Mar 2006	0	6,376	56.70	7.08	$45,161
Feb 2006	0	10,591	57.59	7.75	$82,092
Jan 2006	0	7,778	60.59	8.93	$69,483
Dec 2005	0	5,862	54.94	13.42	$78,641
Nov 2005	0	5,505	54.69	10.59	$58,289
Oct 2005	0	5,478	58.34	13.80	$75,573
Sep 2005	0	5,151	61.45	12.08	$62,219
Aug 2005	1	5,904	61.51	9.80	$57,902
Jul 2005	30	5,936	55.69	7.84	$48,231
Jun 2005	73	13,821	52.33	7.38	$105,833
May 2005	84	13,659	45.22	6.65	$94,647
Apr 2005	95	14,279	49.20	7.36	$109,774
Mar 2005	18	15,486	50.37	7.15	$111,707
Feb 2005	105	14,141	45.22	6.31	$94,005
Jan 2005	0	18,979	43.16	6.32	$119,989
Dec 2004	0	16,792	39.86	6.75	$113,364
Nov 2004	0	17,826	45.28	6.33	$112,846
Oct 2004	0	21,558	49.70	6.52	$140,453
Sep 2004	0	16,700	43.24	5.28	$88,241
Aug 2004	2	13,565	42.37	5.55	$75,379
Jul 2004	45	8,771	38.28	6.08	$55,087
Jun 2004	37	7,140	36.10	6.43	$47,267
May 2004	115	22,402	37.48	6.49	$149,802
Apr 2004	139	24,645	34.47	5.86	$149,173
Mar 2004	82	12,030	34.36	5.53	$69,345
Feb 2004	56	9,463	32.45	5.51	$53,955
Jan 2004	66	9,850	32.03	6.30	$64,165
Dec 2003	132	21,188	30.26	6.30	$137,513
Nov 2003	106	22,155	28.80	4.60	$104,859
Oct 2003	102	22,754	28.17	4.76	$111,174
Sep 2003	42	9,295	26.31	4.75	$45,250
Aug 2003	28	6,638	29.76	5.13	$34,884
Jul 2003	53	9,961	29.41	5.17	$53,065
Jun 2003	70	13,814	28.56	5.98	$84,648
May 2003	117	22,424	26.59	5.97	$137,042
Apr 2003	119	22,647	26.67	5.41	$125,632
Mar 2003	142	21,462	31.14	6.10	$135,255
Feb 2003	137	21,648	33.48	7.93	$176,166
Jan 2003	120	20,699	30.31	5.58	$119,180
Dec 2002	143	23,694	26.91	4.85	$118,853
Nov 2002	129	27,894	24.66	4.14	$118,578
Oct 2002	134	30,485	26.46	4.23	$132,470
Sep 2002	60	15,088	27.44	3.64	$56,494
Aug 2002	77	20,642	25.96	3.16	$67,314
Jul 2002	127	32,344	24.58	3.06	$102,151
Jun 2002	0	29,929	23.73	3.34	$99,910
May 2002	0	26,929	24.66	3.58	$96,514
Apr 2002	0	32,595	23.65	3.51	$114,484
Mar 2002	0	33,988	22.00	3.10	$105,455
Feb 2002	0	34,036	18.22	2.38	$80,859
Jan 2002	0	32,681	17.17	2.38	$77,640
Dec 2001	0	37,221	16.93	2.36	$88,005
Nov 2001	0	34,832	18.07	2.41	$83,789
Oct 2001	0	41,751	19.78	2.53	$105,583
Sep 2001	0	38,055	24.26	2.25	$85,674
Aug 2001	0	39,382	24.87	3.05	$120,240
Jul 2001	0	44,359	23.93	3.20	$141,819
Jun 2001	1	42,110	24.56	3.82	$161,060
May 2001	63	39,724	25.52	4.31	$172,712
Apr 2001	88	47,343	24.68	5.34	$254,762
Mar 2001	94	64,339	24.54	5.38	$348,222
Feb 2001	60	52,626	27.75	5.77	$305,163
Jan 2001	52	19,978	27.47	8.40	$169,219
Dec 2000	93	24,231	26.88	9.12	$223,547
Nov 2000	51	16,890	32.21	5.66	$97,206
Oct 2000	88	26,843	31.23	5.15	$140,869
Sep 2000	74	24,804	31.87	5.19	$131,004
Aug 2000	76	24,554	29.64	4.54	$113,746
Jul 2000	118	36,484	28.53	4.09	$152,577
Jun 2000	60	26,011	29.30	4.40	$116,135
May 2000	113	42,271	27.26	3.68	$158,627
Apr 2000	146	51,262	24.51	3.12	$163,311
Mar 2000	149	48,117	28.42	2.86	$141,837
Feb 2000	85	25,147	27.62	2.73	$70,911
Jan 2000	182	45,337	25.27	2.48	$117,058
Dec 1999	23	51,151	24.28	2.42	$124,534
Nov 1999	33	57,571	23.19	2.43	$140,893
Oct 1999	33	59,958	20.98	2.80	$168,797
Sep 1999	162	42,006	21.75	2.62	$113,531
Aug 1999	203	52,155	19.26	2.88	$153,887
Jul 1999	304	68,178	17.89	2.37	$167,182
Jun 1999	310	73,083	15.94	2.36	$177,571
May 1999	436	106,159	15.79	2.32	$253,282
Apr 1999	145	132,994	15.10	2.21	$295,847
Mar 1999	589	182,708	12.47	1.84	$343,222
Feb 1999	668	228,778	9.98	1.82	$422,537
Jan 1999	0	229,633	10.38	1.90	$436,291

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.

Sep 2017 — as filed, then multipliedworked

Condensate             3 bbl  × $ 47.52 =       $143
Gas                1,163 Mcf  × $  3.09 =     $3,591

────────────────────────────────────────────────────
Month total                                   $3,733

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/172203 is the state's own key, not one this site invented.