B.M.T.

Name: B.M.T. lease production and value, Dec 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 193301District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$14.2 M

Dec 2002 – Jul 2017

Value, last 12 filed months

$62 k

at the published price for each month

Months reported

176

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	2003-06-23	151097
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	5,881 bbl	$240,960
Gas	Production	2,252,090 Mcf	$13,969,140
Total			$14,210,100

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 27.3601, -99.1488. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.36005, -99.14875 · 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

10,300 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 10,300 ft.

Completions filed

Jun 2017

1 of 1 wells

1 well


42-47938256	183	10,300 ft	Jun 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 (176)

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

176 months


Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	6,195	42.49	3.09	$19,126
May 2017	0	1,226	45.37	3.26	$4,001
Apr 2017	0	1,241	47.93	3.21	$3,986
Mar 2017	0	1,312	46.77	2.98	$3,915
Feb 2017	0	1,318	50.45	2.95	$3,892
Jan 2017	0	1,398	49.41	3.42	$4,779
Dec 2016	0	1,370	48.76	3.72	$5,100
Nov 2016	0	1,485	42.49	2.64	$3,927
Oct 2016	0	1,597	46.19	3.09	$4,935
Sep 2016	0	1,210	41.55	3.10	$3,752
Aug 2016	0	1,559	41.44	2.92	$4,559
Jul 2016	0	1,470	41.62	2.92	$4,299
Jun 2016	0	1,423	45.35	2.69	$3,822
May 2016	0	1,726	42.52	1.99	$3,437
Apr 2016	0	1,242	36.56	1.99	$2,473
Mar 2016	0	1,583	33.01	1.79	$2,840
Feb 2016	0	1,533	26.47	2.06	$3,164
Jan 2016	0	1,613	27.35	2.36	$3,814
Dec 2015	0	1,806	32.36	2.00	$3,615
Nov 2015	0	1,947	38.79	2.17	$4,220
Oct 2015	0	1,673	43.55	2.43	$4,060
Sep 2015	0	1,810	42.99	2.76	$4,993
Aug 2015	0	2,017	40.16	2.87	$5,794
Jul 2015	0	1,583	48.15	2.95	$4,662
Jun 2015	0	1,946	56.15	2.88	$5,610
May 2015	0	2,274	55.21	2.96	$6,721
Apr 2015	0	1,909	49.82	2.71	$5,167
Mar 2015	0	1,797	42.89	2.93	$5,274
Feb 2015	0	1,629	44.66	2.98	$4,848
Jan 2015	0	2,095	43.43	3.10	$6,496
Dec 2014	0	1,228	54.69	3.59	$4,410
Nov 2014	0	1,024	70.46	4.25	$4,354
Oct 2014	0	1,691	78.30	3.90	$6,597
Sep 2014	0	1,360	86.16	4.05	$5,502
Aug 2014	0	1,719	89.39	4.04	$6,936
Jul 2014	0	2,107	96.56	4.18	$8,806
Jun 2014	0	1,861	98.16	4.74	$8,815
May 2014	0	895	94.73	4.73	$4,230
Apr 2014	0	1,763	95.94	4.81	$8,478
Mar 2014	0	1,531	95.89	5.06	$7,742
Feb 2014	0	835	97.40	6.19	$5,170
Jan 2014	0	1,706	90.40	4.86	$8,292
Dec 2013	0	1,994	91.82	4.35	$8,683
Nov 2013	0	1,693	88.85	3.74	$6,329
Oct 2013	0	2,078	97.42	3.78	$7,854
Sep 2013	0	2,034	104.11	3.72	$7,562
Aug 2013	0	1,867	104.25	3.52	$6,577
Jul 2013	0	2,175	102.52	3.72	$8,086
Jun 2013	0	1,999	94.40	3.93	$7,863
May 2013	0	1,923	94.83	4.15	$7,979
Apr 2013	0	2,300	93.96	4.28	$9,850
Mar 2013	0	3,050	93.62	3.91	$11,934
Feb 2013	0	1,693	91.23	3.42	$5,790
Jan 2013	0	2,260	91.60	3.42	$7,729
Dec 2012	0	2,553	86.77	3.42	$8,732
Nov 2012	0	2,022	86.95	3.62	$7,330
Oct 2012	0	663	89.38	3.40	$2,254
Sep 2012	0	2,125	94.67	2.92	$6,202
Aug 2012	0	2,392	92.66	2.91	$6,956
Jul 2012	0	1,743	85.13	3.02	$5,265
Jun 2012	0	1,779	79.82	2.52	$4,481
May 2012	0	823	91.61	2.49	$2,048
Apr 2012	0	2,015	101.65	2.00	$4,024
Mar 2012	0	1,920	105.05	2.22	$4,266
Feb 2012	0	2,204	101.10	2.57	$5,665
Jan 2012	0	2,210	98.09	2.73	$6,042
Dec 2011	0	2,742	96.87	3.24	$8,883
Nov 2011	0	2,363	95.72	3.31	$7,825
Oct 2011	0	2,522	84.98	3.65	$9,202
Sep 2011	0	2,120	83.62	3.99	$8,450
Aug 2011	0	1,765	83.40	4.15	$7,324
Jul 2011	0	2,507	94.14	4.52	$11,325
Jun 2011	0	2,590	92.90	4.64	$12,017
May 2011	0	2,635	98.13	4.40	$11,607
Apr 2011	0	2,479	105.96	4.33	$10,742
Mar 2011	0	3,060	96.36	4.06	$12,415
Feb 2011	0	2,971	85.64	4.18	$12,419
Jan 2011	0	3,152	86.50	4.59	$14,464
Dec 2010	0	3,394	85.73	4.35	$14,756
Nov 2010	0	3,554	80.84	3.80	$13,489
Oct 2010	0	4,196	78.10	3.51	$14,723
Sep 2010	0	3,277	72.63	3.98	$13,041
Aug 2010	0	3,264	73.68	4.42	$14,425
Jul 2010	0	4,461	72.55	4.74	$21,129
Jun 2010	0	4,426	70.36	4.91	$21,733
May 2010	0	4,967	71.12	4.24	$21,036
Apr 2010	0	4,736	81.69	4.12	$19,525
Mar 2010	0	6,383	78.39	4.39	$28,013
Feb 2010	0	5,571	73.58	5.44	$30,319
Jan 2010	0	6,278	74.36	5.96	$37,443
Dec 2009	0	6,255	71.44	5.48	$34,301
Nov 2009	0	6,066	74.59	3.75	$22,757
Oct 2009	0	6,579	72.54	4.11	$27,041
Sep 2009	0	5,744	65.54	3.06	$17,604
Aug 2009	0	7,256	67.42	3.22	$23,353
Jul 2009	2	6,749	61.13	3.46	$23,504
Jun 2009	2	6,412	66.16	3.90	$25,107
May 2009	3	7,922	54.74	3.93	$31,264
Apr 2009	3	6,756	46.77	3.59	$24,377
Mar 2009	3	7,142	42.14	4.06	$29,116
Feb 2009	1	6,132	32.81	4.63	$28,442
Jan 2009	2	6,589	35.86	5.37	$35,461
Dec 2008	0	7,545	37.10	5.98	$45,098
Nov 2008	0	7,474	55.49	6.86	$51,274
Oct 2008	0	7,750	75.24	6.92	$53,645
Sep 2008	0	7,606	101.76	7.88	$59,913
Aug 2008	2	7,401	114.22	8.48	$63,011
Jul 2008	9	8,671	131.08	11.39	$99,937
Jun 2008	5	8,840	131.33	13.03	$115,865
May 2008	18	9,243	123.17	11.57	$109,198
Apr 2008	16	9,568	110.31	10.45	$101,797
Mar 2008	19	10,095	101.90	9.66	$99,495
Feb 2008	21	8,882	92.53	8.77	$79,843
Jan 2008	27	10,092	90.38	8.21	$85,252
Dec 2007	34	9,922	88.33	7.30	$75,453
Nov 2007	36	9,989	91.67	7.29	$76,137
Oct 2007	31	11,042	82.85	6.92	$79,001
Sep 2007	23	11,059	75.84	6.24	$70,798
Aug 2007	27	12,466	69.06	6.39	$81,497
Jul 2007	24	10,450	70.90	6.39	$68,456
Jun 2007	16	10,502	62.00	7.55	$80,266
May 2007	15	11,585	58.74	7.85	$91,780
Apr 2007	18	11,681	59.61	7.81	$92,246
Mar 2007	21	12,806	56.92	7.30	$94,704
Feb 2007	24	12,603	55.10	8.22	$104,869
Jan 2007	37	14,690	50.30	6.73	$100,679
Dec 2006	43	15,327	56.65	6.92	$108,475
Nov 2006	53	13,072	54.20	7.62	$102,448
Oct 2006	51	14,148	54.90	6.01	$87,883
Sep 2006	43	12,451	60.08	5.04	$65,302
Aug 2006	54	14,907	68.71	7.34	$113,127
Jul 2006	63	14,820	69.37	6.34	$98,370
Jun 2006	82	15,596	66.28	6.38	$104,998
May 2006	91	17,799	66.01	6.42	$120,365
Apr 2006	108	20,173	64.39	7.36	$155,437
Mar 2006	149	23,618	56.70	7.08	$175,733
Feb 2006	219	37,711	57.59	7.75	$304,915
Jan 2006	35	10,986	60.59	8.93	$100,262
Dec 2005	13	5,757	54.94	13.42	$77,947
Nov 2005	23	16,381	54.69	10.59	$174,706
Oct 2005	16	13,510	58.34	13.80	$187,314
Sep 2005	9	8,915	61.45	12.08	$108,237
Aug 2005	17	13,539	61.51	9.80	$133,685
Jul 2005	21	15,327	55.69	7.84	$121,389
Jun 2005	58	13,575	52.33	7.38	$103,233
May 2005	77	15,322	45.22	6.65	$105,391
Apr 2005	94	17,497	49.20	7.36	$133,411
Mar 2005	18	18,181	50.37	7.15	$130,990
Feb 2005	132	21,520	45.22	6.31	$141,802
Jan 2005	6	20,875	43.16	6.32	$132,235
Dec 2004	15	29,185	39.86	6.75	$197,628
Nov 2004	10	21,368	45.28	6.33	$135,721
Oct 2004	6	13,509	49.70	6.52	$88,311
Sep 2004	10	23,447	43.24	5.28	$124,324
Aug 2004	9	21,575	42.37	5.55	$120,137
Jul 2004	12	24,985	38.28	6.08	$152,473
Jun 2004	14	25,176	36.10	6.43	$162,463
May 2004	78	25,440	37.48	6.49	$168,146
Apr 2004	85	25,055	34.47	5.86	$149,714
Mar 2004	160	39,519	34.36	5.53	$224,043
Feb 2004	74	21,264	32.45	5.51	$119,558
Jan 2004	1	35,763	32.03	6.30	$225,326
Dec 2003	5	29,956	30.26	6.30	$188,923
Nov 2003	105	35,405	28.80	4.60	$165,716
Oct 2003	119	43,316	28.17	4.76	$209,521
Sep 2003	130	46,640	26.31	4.75	$224,930
Aug 2003	139	53,324	29.76	5.13	$277,674
Jul 2003	187	57,878	29.41	5.17	$304,778
Jun 2003	199	63,963	28.56	5.98	$388,372
May 2003	238	74,482	26.59	5.97	$451,186
Apr 2003	283	75,934	26.67	5.41	$418,144
Mar 2003	448	103,332	31.14	6.10	$643,867
Feb 2003	720	171,094	33.48	7.93	$1,380,176
Jan 2003	920	243,333	30.31	5.58	$1,386,180
Dec 2002	0	30,941	26.91	4.85	$150,180

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.

Jun 2017 — as filed, then multipliedworked

Condensate             0 bbl  × $ 42.49 =         $0
Gas                6,195 Mcf  × $  3.09 =    $19,126

────────────────────────────────────────────────────
Month total                                  $19,126

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/193301 is the state's own key, not one this site invented.