B. M. T.

Name: B. M. T. lease production and value, Jan 2003 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 193711District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$1.4 M

Jan 2003 – Sep 2018

Value, last 12 filed months

$4 k

at the published price for each month

Months reported

189

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	2003-05-06	151203
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	1,580 bbl	$72,854
Gas	Production	220,915 Mcf	$1,312,116
Total			$1,384,970

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 27.4061, -99.1788. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.40613, -99.17884 · 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

10,240 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 10,240 ft.

Completions filed

Jan 2018

1 of 1 wells

1 well


42-47938282	158	10,240 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 (189)

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

189 months


Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
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	2	0	61.78	2.77	$124
Jan 2018	1	310	62.87	4.01	$1,306
Dec 2017	1	220	57.27	2.92	$700
Nov 2017	0	402	55.42	3.12	$1,254
Oct 2017	0	296	49.29	2.98	$883
Sep 2017	1	325	47.52	3.09	$1,051
Aug 2017	1	364	45.37	3.00	$1,139
Jul 2017	0	353	43.87	3.09	$1,090
Jun 2017	0	417	42.49	3.09	$1,287
May 2017	0	370	45.37	3.26	$1,207
Apr 2017	0	402	47.93	3.21	$1,291
Mar 2017	0	445	46.77	2.98	$1,328
Feb 2017	0	320	50.45	2.95	$945
Jan 2017	0	346	49.41	3.42	$1,183
Dec 2016	0	370	48.76	3.72	$1,377
Nov 2016	0	355	42.49	2.64	$939
Oct 2016	0	377	46.19	3.09	$1,165
Sep 2016	0	253	41.55	3.10	$784
Aug 2016	0	348	41.44	2.92	$1,018
Jul 2016	0	493	41.62	2.92	$1,442
Jun 2016	0	423	45.35	2.69	$1,136
May 2016	0	396	42.52	1.99	$788
Apr 2016	0	420	36.56	1.99	$836
Mar 2016	0	464	33.01	1.79	$832
Feb 2016	0	450	26.47	2.06	$929
Jan 2016	0	396	27.35	2.36	$936
Dec 2015	0	446	32.36	2.00	$893
Nov 2015	0	449	38.79	2.17	$973
Oct 2015	0	476	43.55	2.43	$1,155
Sep 2015	0	452	42.99	2.76	$1,247
Aug 2015	0	448	40.16	2.87	$1,287
Jul 2015	0	417	48.15	2.95	$1,228
Jun 2015	0	472	56.15	2.88	$1,361
May 2015	0	461	55.21	2.96	$1,362
Apr 2015	0	161	49.82	2.71	$436
Mar 2015	0	66	42.89	2.93	$194
Feb 2015	0	151	44.66	2.98	$449
Jan 2015	0	306	43.43	3.10	$949
Dec 2014	0	381	54.69	3.59	$1,368
Nov 2014	0	447	70.46	4.25	$1,901
Oct 2014	0	383	78.30	3.90	$1,494
Sep 2014	0	333	86.16	4.05	$1,347
Aug 2014	0	482	89.39	4.04	$1,945
Jul 2014	0	498	96.56	4.18	$2,081
Jun 2014	0	457	98.16	4.74	$2,165
May 2014	0	496	94.73	4.73	$2,344
Apr 2014	0	476	95.94	4.81	$2,289
Mar 2014	0	457	95.89	5.06	$2,311
Feb 2014	0	420	97.40	6.19	$2,601
Jan 2014	0	503	90.40	4.86	$2,445
Dec 2013	0	525	91.82	4.35	$2,286
Nov 2013	0	467	88.85	3.74	$1,746
Oct 2013	0	493	97.42	3.78	$1,863
Sep 2013	0	513	104.11	3.72	$1,907
Aug 2013	0	373	104.25	3.52	$1,314
Jul 2013	0	429	102.52	3.72	$1,595
Jun 2013	0	431	94.40	3.93	$1,695
May 2013	0	570	94.83	4.15	$2,365
Apr 2013	0	437	93.96	4.28	$1,871
Mar 2013	0	499	93.62	3.91	$1,953
Feb 2013	0	373	91.23	3.42	$1,276
Jan 2013	0	557	91.60	3.42	$1,905
Dec 2012	0	525	86.77	3.42	$1,796
Nov 2012	0	542	86.95	3.62	$1,965
Oct 2012	0	495	89.38	3.40	$1,683
Sep 2012	0	572	94.67	2.92	$1,669
Aug 2012	0	528	92.66	2.91	$1,536
Jul 2012	0	500	85.13	3.02	$1,510
Jun 2012	0	513	79.82	2.52	$1,292
May 2012	0	547	91.61	2.49	$1,361
Apr 2012	0	526	101.65	2.00	$1,050
Mar 2012	0	555	105.05	2.22	$1,233
Feb 2012	0	503	101.10	2.57	$1,293
Jan 2012	0	530	98.09	2.73	$1,449
Dec 2011	0	534	96.87	3.24	$1,730
Nov 2011	0	561	95.72	3.31	$1,858
Oct 2011	0	527	84.98	3.65	$1,923
Sep 2011	0	513	83.62	3.99	$2,045
Aug 2011	0	518	83.40	4.15	$2,149
Jul 2011	0	511	94.14	4.52	$2,308
Jun 2011	0	502	92.90	4.64	$2,329
May 2011	0	500	98.13	4.40	$2,202
Apr 2011	0	469	105.96	4.33	$2,032
Mar 2011	0	557	96.36	4.06	$2,260
Feb 2011	0	527	85.64	4.18	$2,203
Jan 2011	0	581	86.50	4.59	$2,666
Dec 2010	0	616	85.73	4.35	$2,678
Nov 2010	0	630	80.84	3.80	$2,391
Oct 2010	0	651	78.10	3.51	$2,284
Sep 2010	0	642	72.63	3.98	$2,555
Aug 2010	0	636	73.68	4.42	$2,811
Jul 2010	1	679	72.55	4.74	$3,289
Jun 2010	5	575	70.36	4.91	$3,175
May 2010	7	602	71.12	4.24	$3,047
Apr 2010	14	565	81.69	4.12	$3,473
Mar 2010	14	665	78.39	4.39	$4,016
Feb 2010	15	621	73.58	5.44	$4,483
Jan 2010	11	707	74.36	5.96	$5,035
Dec 2009	16	725	71.44	5.48	$5,119
Nov 2009	11	688	74.59	3.75	$3,402
Oct 2009	8	562	72.54	4.11	$2,890
Sep 2009	9	640	65.54	3.06	$2,551
Aug 2009	10	772	67.42	3.22	$3,159
Jul 2009	12	805	61.13	3.46	$3,522
Jun 2009	14	793	66.16	3.90	$4,015
May 2009	24	815	54.74	3.93	$4,513
Apr 2009	20	476	46.77	3.59	$2,643
Mar 2009	25	772	42.14	4.06	$4,187
Feb 2009	14	706	32.81	4.63	$3,730
Jan 2009	25	829	35.86	5.37	$5,349
Dec 2008	26	932	37.10	5.98	$6,535
Nov 2008	0	974	55.49	6.86	$6,682
Oct 2008	0	1,015	75.24	6.92	$7,026
Sep 2008	0	1,002	101.76	7.88	$7,893
Aug 2008	0	1,037	114.22	8.48	$8,797
Jul 2008	0	949	131.08	11.39	$10,809
Jun 2008	0	304	131.33	13.03	$3,962
May 2008	0	455	123.17	11.57	$5,266
Apr 2008	0	240	110.31	10.45	$2,509
Mar 2008	0	219	101.90	9.66	$2,116
Feb 2008	0	261	92.53	8.77	$2,289
Jan 2008	0	270	90.38	8.21	$2,216
Dec 2007	0	389	88.33	7.30	$2,840
Nov 2007	0	928	91.67	7.29	$6,767
Oct 2007	0	1,041	82.85	6.92	$7,206
Sep 2007	0	1,004	75.84	6.24	$6,269
Aug 2007	0	1,106	69.06	6.39	$7,065
Jul 2007	0	1,096	70.90	6.39	$7,001
Jun 2007	0	1,072	62.00	7.55	$8,092
May 2007	0	1,129	58.74	7.85	$8,858
Apr 2007	0	1,091	59.61	7.81	$8,515
Mar 2007	0	990	56.92	7.30	$7,229
Feb 2007	0	845	55.10	8.22	$6,943
Jan 2007	1	597	50.30	6.73	$4,066
Dec 2006	43	828	56.65	6.92	$8,164
Nov 2006	73	1,007	54.20	7.62	$11,627
Oct 2006	74	1,138	54.90	6.01	$10,906
Sep 2006	64	1,037	60.08	5.04	$9,069
Aug 2006	76	1,174	68.71	7.34	$13,839
Jul 2006	55	771	69.37	6.34	$8,706
Jun 2006	15	961	66.28	6.38	$7,129
May 2006	20	1,371	66.01	6.42	$10,129
Apr 2006	22	1,398	64.39	7.36	$11,707
Mar 2006	26	1,454	56.70	7.08	$11,773
Feb 2006	23	1,364	57.59	7.75	$11,897
Jan 2006	26	1,591	60.59	8.93	$15,788
Dec 2005	0	1,760	54.94	13.42	$23,611
Nov 2005	0	1,732	54.69	10.59	$18,339
Oct 2005	0	513	58.34	13.80	$7,077
Sep 2005	0	917	61.45	12.08	$11,076
Aug 2005	0	560	61.51	9.80	$5,486
Jul 2005	0	1,669	55.69	7.84	$13,091
Jun 2005	0	1,470	52.33	7.38	$10,850
May 2005	0	69	45.22	6.65	$459
Apr 2005	0	1,763	49.20	7.36	$12,977
Mar 2005	0	873	50.37	7.15	$6,246
Feb 2005	0	962	45.22	6.31	$6,072
Jan 2005	0	3,847	43.16	6.32	$24,322
Dec 2004	0	3,321	39.86	6.75	$22,420
Nov 2004	0	2,401	45.28	6.33	$15,199
Oct 2004	0	2,756	49.70	6.52	$17,956
Sep 2004	0	1,808	43.24	5.28	$9,553
Aug 2004	3	2,066	42.37	5.55	$11,595
Jul 2004	62	2,078	38.28	6.08	$15,016
Jun 2004	65	2,418	36.10	6.43	$17,902
May 2004	61	2,639	37.48	6.49	$19,425
Apr 2004	53	2,053	34.47	5.86	$13,854
Mar 2004	62	1,973	34.36	5.53	$13,041
Feb 2004	86	3,237	32.45	5.51	$20,625
Jan 2004	1	3,632	32.03	6.30	$22,912
Dec 2003	3	4,356	30.26	6.30	$27,541
Nov 2003	57	4,319	28.80	4.60	$21,488
Oct 2003	31	2,544	28.17	4.76	$12,982
Sep 2003	45	3,588	26.31	4.75	$18,225
Aug 2003	64	5,424	29.76	5.13	$29,728
Jul 2003	22	5,333	29.41	5.17	$28,223
Jun 2003	28	6,768	28.56	5.98	$41,292
May 2003	35	8,332	26.59	5.97	$50,695
Apr 2003	35	7,940	26.67	5.41	$43,867
Mar 2003	62	12,424	31.14	6.10	$77,668
Feb 2003	0	22,983	33.48	7.93	$182,161
Jan 2003	0	3,919	30.31	5.58	$21,876

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             2 bbl  × $ 61.78 =       $124
Gas                    0 Mcf  × $  2.77 =         $0

────────────────────────────────────────────────────
Month total                                     $124

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/193711 is the state's own key, not one this site invented.