B. M. T.

Name: B. M. T. lease production and value, Mar 2002 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 188681District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$3.3 M

Mar 2002 – Jul 2018

Value, last 12 filed months

$8 k

at the published price for each month

Months reported

197

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	2002-08-16	148186
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	87 bbl	$4,103
Gas	Production	645,941 Mcf	$3,312,450
Total			$3,316,553

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 27.3650, -99.1534. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.36502, -99.15335 · 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

10,400 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 10,400 ft.

Completions filed

Jan 2018

1 of 1 wells

1 well


42-47937411	127	10,400 ft	Jan 2018	—	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 (197)

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

197 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	3	0	61.78	2.77	$185
Jan 2018	1	392	62.87	4.01	$1,635
Dec 2017	1	444	57.27	2.92	$1,354
Nov 2017	0	390	55.42	3.12	$1,216
Oct 2017	1	354	49.29	2.98	$1,106
Sep 2017	1	360	47.52	3.09	$1,159
Aug 2017	0	394	45.37	3.00	$1,184
Jul 2017	2	391	43.87	3.09	$1,295
Jun 2017	0	370	42.49	3.09	$1,142
May 2017	0	457	45.37	3.26	$1,491
Apr 2017	0	501	47.93	3.21	$1,609
Mar 2017	0	684	46.77	2.98	$2,041
Feb 2017	0	983	50.45	2.95	$2,902
Jan 2017	0	1,197	49.41	3.42	$4,092
Dec 2016	0	1,591	48.76	3.72	$5,923
Nov 2016	0	1,598	42.49	2.64	$4,226
Oct 2016	0	1,862	46.19	3.09	$5,754
Sep 2016	0	2,241	41.55	3.10	$6,949
Aug 2016	0	1,563	41.44	2.92	$4,571
Jul 2016	0	1,024	41.62	2.92	$2,995
Jun 2016	0	935	45.35	2.69	$2,511
May 2016	0	1,098	42.52	1.99	$2,186
Apr 2016	0	1,265	36.56	1.99	$2,519
Mar 2016	0	1,567	33.01	1.79	$2,811
Feb 2016	0	1,214	26.47	2.06	$2,505
Jan 2016	0	1,323	27.35	2.36	$3,128
Dec 2015	0	1,458	32.36	2.00	$2,918
Nov 2015	0	1,290	38.79	2.17	$2,796
Oct 2015	0	1,750	43.55	2.43	$4,247
Sep 2015	0	1,623	42.99	2.76	$4,477
Aug 2015	0	1,594	40.16	2.87	$4,579
Jul 2015	0	1,687	48.15	2.95	$4,968
Jun 2015	0	2,096	56.15	2.88	$6,042
May 2015	0	2,641	55.21	2.96	$7,805
Apr 2015	0	1,959	49.82	2.71	$5,302
Mar 2015	0	1,276	42.89	2.93	$3,745
Feb 2015	0	802	44.66	2.98	$2,387
Jan 2015	0	556	43.43	3.10	$1,724
Dec 2014	0	574	54.69	3.59	$2,061
Nov 2014	0	568	70.46	4.25	$2,415
Oct 2014	0	607	78.30	3.90	$2,368
Sep 2014	0	568	86.16	4.05	$2,298
Aug 2014	0	519	89.39	4.04	$2,094
Jul 2014	0	525	96.56	4.18	$2,194
Jun 2014	0	535	98.16	4.74	$2,534
May 2014	0	571	94.73	4.73	$2,699
Apr 2014	0	591	95.94	4.81	$2,842
Mar 2014	0	182	95.89	5.06	$920
Feb 2014	0	252	97.40	6.19	$1,560
Jan 2014	0	607	90.40	4.86	$2,950
Dec 2013	0	614	91.82	4.35	$2,674
Nov 2013	0	599	88.85	3.74	$2,239
Oct 2013	0	623	97.42	3.78	$2,355
Sep 2013	0	615	104.11	3.72	$2,286
Aug 2013	0	585	104.25	3.52	$2,061
Jul 2013	0	587	102.52	3.72	$2,182
Jun 2013	0	596	94.40	3.93	$2,344
May 2013	0	644	94.83	4.15	$2,672
Apr 2013	0	633	93.96	4.28	$2,711
Mar 2013	0	666	93.62	3.91	$2,606
Feb 2013	0	613	91.23	3.42	$2,096
Jan 2013	0	645	91.60	3.42	$2,206
Dec 2012	0	776	86.77	3.42	$2,654
Nov 2012	0	632	86.95	3.62	$2,291
Oct 2012	0	612	89.38	3.40	$2,081
Sep 2012	0	646	94.67	2.92	$1,885
Aug 2012	0	708	92.66	2.91	$2,059
Jul 2012	0	721	85.13	3.02	$2,178
Jun 2012	0	696	79.82	2.52	$1,753
May 2012	0	753	91.61	2.49	$1,874
Apr 2012	0	749	101.65	2.00	$1,496
Mar 2012	0	688	105.05	2.22	$1,529
Feb 2012	0	673	101.10	2.57	$1,730
Jan 2012	0	774	98.09	2.73	$2,116
Dec 2011	0	809	96.87	3.24	$2,621
Nov 2011	0	827	95.72	3.31	$2,738
Oct 2011	0	731	84.98	3.65	$2,667
Sep 2011	0	721	83.62	3.99	$2,874
Aug 2011	0	764	83.40	4.15	$3,170
Jul 2011	0	819	94.14	4.52	$3,700
Jun 2011	0	854	92.90	4.64	$3,962
May 2011	0	886	98.13	4.40	$3,903
Apr 2011	0	882	105.96	4.33	$3,822
Mar 2011	0	929	96.36	4.06	$3,769
Feb 2011	0	821	85.64	4.18	$3,432
Jan 2011	0	910	86.50	4.59	$4,176
Dec 2010	0	813	85.73	4.35	$3,535
Nov 2010	0	903	80.84	3.80	$3,427
Oct 2010	0	921	78.10	3.51	$3,232
Sep 2010	0	887	72.63	3.98	$3,530
Aug 2010	0	932	73.68	4.42	$4,119
Jul 2010	0	993	72.55	4.74	$4,703
Jun 2010	0	1,024	70.36	4.91	$5,028
May 2010	0	1,033	71.12	4.24	$4,375
Apr 2010	0	882	81.69	4.12	$3,636
Mar 2010	0	1,004	78.39	4.39	$4,406
Feb 2010	0	856	73.58	5.44	$4,659
Jan 2010	0	1,001	74.36	5.96	$5,970
Dec 2009	0	1,010	71.44	5.48	$5,539
Nov 2009	0	978	74.59	3.75	$3,669
Oct 2009	0	1,040	72.54	4.11	$4,275
Sep 2009	0	906	65.54	3.06	$2,777
Aug 2009	0	1,154	67.42	3.22	$3,714
Jul 2009	0	1,084	61.13	3.46	$3,756
Jun 2009	0	1,034	66.16	3.90	$4,027
May 2009	0	1,096	54.74	3.93	$4,303
Apr 2009	0	1,022	46.77	3.59	$3,666
Mar 2009	0	1,168	42.14	4.06	$4,741
Feb 2009	0	1,042	32.81	4.63	$4,828
Jan 2009	0	1,252	35.86	5.37	$6,724
Dec 2008	0	1,298	37.10	5.98	$7,758
Nov 2008	0	2,381	55.49	6.86	$16,335
Oct 2008	0	2,561	75.24	6.92	$17,727
Sep 2008	0	2,374	101.76	7.88	$18,700
Aug 2008	0	2,738	114.22	8.48	$23,227
Jul 2008	0	3,309	131.08	11.39	$37,688
Jun 2008	0	3,589	131.33	13.03	$46,774
May 2008	0	1,998	123.17	11.57	$23,125
Apr 2008	0	2,184	110.31	10.45	$22,833
Mar 2008	0	2,373	101.90	9.66	$22,933
Feb 2008	0	2,656	92.53	8.77	$23,295
Jan 2008	0	3,544	90.38	8.21	$29,081
Dec 2007	0	4,117	88.33	7.30	$30,062
Nov 2007	0	4,019	91.67	7.29	$29,305
Oct 2007	0	2,946	82.85	6.92	$20,392
Sep 2007	0	3,383	75.84	6.24	$21,124
Aug 2007	0	3,320	69.06	6.39	$21,208
Jul 2007	2	3,070	70.90	6.39	$19,753
Jun 2007	2	2,232	62.00	7.55	$16,972
May 2007	2	3,423	58.74	7.85	$26,975
Apr 2007	3	3,933	59.61	7.81	$30,877
Mar 2007	4	3,847	56.92	7.30	$28,318
Feb 2007	4	4,356	55.10	8.22	$36,009
Jan 2007	0	7,363	50.30	6.73	$49,530
Dec 2006	0	4,824	56.65	6.92	$33,375
Nov 2006	0	1,905	54.20	7.62	$14,511
Oct 2006	0	1,592	54.90	6.01	$9,574
Sep 2006	0	1,569	60.08	5.04	$7,903
Aug 2006	0	1,842	68.71	7.34	$13,520
Jul 2006	0	1,880	69.37	6.34	$11,924
Jun 2006	0	1,692	66.28	6.38	$10,802
May 2006	0	2,065	66.01	6.42	$13,268
Apr 2006	0	1,934	64.39	7.36	$14,235
Mar 2006	0	2,564	56.70	7.08	$18,161
Feb 2006	0	1,673	57.59	7.75	$12,968
Jan 2006	5	2,165	60.59	8.93	$19,644
Dec 2005	3	2,397	54.94	13.42	$32,322
Nov 2005	2	2,175	54.69	10.59	$23,139
Oct 2005	3	3,324	58.34	13.80	$46,032
Sep 2005	1	1,949	61.45	12.08	$23,603
Aug 2005	3	3,494	61.51	9.80	$34,415
Jul 2005	4	4,151	55.69	7.84	$32,782
Jun 2005	4	4,545	52.33	7.38	$33,756
May 2005	0	4,690	45.22	6.65	$31,194
Apr 2005	0	4,700	49.20	7.36	$34,594
Mar 2005	0	4,977	50.37	7.15	$35,610
Feb 2005	0	3,343	45.22	6.31	$21,101
Jan 2005	0	2,643	43.16	6.32	$16,710
Dec 2004	0	2,694	39.86	6.75	$18,187
Nov 2004	0	3,745	45.28	6.33	$23,707
Oct 2004	0	6,027	49.70	6.52	$39,267
Sep 2004	0	6,321	43.24	5.28	$33,400
Aug 2004	0	1,851	42.37	5.55	$10,274
Jul 2004	0	5,193	38.28	6.08	$31,595
Jun 2004	0	3,825	36.10	6.43	$24,606
May 2004	2	1,326	37.48	6.49	$8,687
Apr 2004	4	3,296	34.47	5.86	$19,447
Mar 2004	7	4,837	34.36	5.53	$26,990
Feb 2004	5	4,265	32.45	5.51	$23,661
Jan 2004	7	4,896	32.03	6.30	$31,067
Dec 2003	11	8,495	30.26	6.30	$53,865
Nov 2003	0	3,383	28.80	4.60	$15,545
Oct 2003	0	5,099	28.17	4.76	$24,269
Sep 2003	0	5,777	26.31	4.75	$27,437
Aug 2003	0	6,960	29.76	5.13	$35,703
Jul 2003	0	10,410	29.41	5.17	$53,828
Jun 2003	0	10,234	28.56	5.98	$61,230
May 2003	0	10,487	26.59	5.97	$62,636
Apr 2003	0	13,054	26.67	5.41	$70,587
Mar 2003	0	11,823	31.14	6.10	$72,073
Feb 2003	0	11,425	33.48	7.93	$90,553
Jan 2003	0	13,711	30.31	5.58	$76,535
Dec 2002	0	20,111	26.91	4.85	$97,614
Nov 2002	0	12,310	24.66	4.14	$50,926
Oct 2002	0	25,143	26.46	4.23	$106,333
Sep 2002	0	20,029	27.44	3.64	$72,809
Aug 2002	0	9,369	25.96	3.16	$29,645
Jul 2002	0	14,856	24.58	3.06	$45,486
Jun 2002	0	14,909	23.73	3.34	$49,770
May 2002	0	24,471	24.66	3.58	$87,704
Apr 2002	0	45,548	23.65	3.51	$159,979
Mar 2002	0	56,089	22.00	3.10	$174,028

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.

Feb 2018 — as filed, then multipliedworked

Condensate             3 bbl  × $ 61.78 =       $185
Gas                    0 Mcf  × $  2.77 =         $0

────────────────────────────────────────────────────
Month total                                     $185

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/188681 is the state's own key, not one this site invented.