B. M. T.

Name: B. M. T. lease production and value, Jun 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 196034District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$6.7 M

Jun 2003 – Oct 2020

Value, last 12 filed months

at the published price for each month

Months reported

209

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	2003-09-30	153109
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	1,191 bbl	$56,441
Gas	Production	1,133,750 Mcf	$6,644,157
Total			$6,700,598

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 27.3539, -99.1571. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.35389, -99.15712 · 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

10,427 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 10,427 ft.

Completions filed

Feb 2018

1 of 1 wells

1 well


42-47938392	175	10,427 ft	Feb 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 (209)

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

209 months


Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
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	1	0	61.22	2.79	$61
Feb 2018	4	931	61.78	2.77	$2,822
Jan 2018	4	997	62.87	4.01	$4,249
Dec 2017	4	1,071	57.27	2.92	$3,358
Nov 2017	2	1,067	55.42	3.12	$3,438
Oct 2017	3	1,073	49.29	2.98	$3,349
Sep 2017	3	1,061	47.52	3.09	$3,418
Aug 2017	2	1,119	45.37	3.00	$3,453
Jul 2017	2	1,101	43.87	3.09	$3,487
Jun 2017	0	1,089	42.49	3.09	$3,362
May 2017	0	1,165	45.37	3.26	$3,802
Apr 2017	0	1,133	47.93	3.21	$3,639
Mar 2017	0	950	46.77	2.98	$2,835
Feb 2017	0	249	50.45	2.95	$735
Jan 2017	0	1,035	49.41	3.42	$3,538
Dec 2016	0	1,247	48.76	3.72	$4,642
Nov 2016	0	1,226	42.49	2.64	$3,242
Oct 2016	0	1,288	46.19	3.09	$3,980
Sep 2016	0	1,253	41.55	3.10	$3,885
Aug 2016	0	1,321	41.44	2.92	$3,863
Jul 2016	0	1,333	41.62	2.92	$3,898
Jun 2016	0	1,273	45.35	2.69	$3,419
May 2016	0	1,397	42.52	1.99	$2,781
Apr 2016	0	1,258	36.56	1.99	$2,505
Mar 2016	0	1,303	33.01	1.79	$2,338
Feb 2016	0	1,222	26.47	2.06	$2,522
Jan 2016	0	1,283	27.35	2.36	$3,033
Dec 2015	0	1,415	32.36	2.00	$2,832
Nov 2015	0	1,383	38.79	2.17	$2,997
Oct 2015	0	1,450	43.55	2.43	$3,519
Sep 2015	0	1,438	42.99	2.76	$3,967
Aug 2015	0	1,496	40.16	2.87	$4,297
Jul 2015	0	1,493	48.15	2.95	$4,397
Jun 2015	0	1,448	56.15	2.88	$4,174
May 2015	0	1,537	55.21	2.96	$4,543
Apr 2015	0	1,463	49.82	2.71	$3,960
Mar 2015	0	1,423	42.89	2.93	$4,176
Feb 2015	0	1,262	44.66	2.98	$3,756
Jan 2015	0	1,372	43.43	3.10	$4,254
Dec 2014	0	1,378	54.69	3.59	$4,949
Nov 2014	0	1,343	70.46	4.25	$5,710
Oct 2014	0	1,441	78.30	3.90	$5,621
Sep 2014	0	1,377	86.16	4.05	$5,571
Aug 2014	0	1,388	89.39	4.04	$5,601
Jul 2014	0	1,388	96.56	4.18	$5,801
Jun 2014	0	1,398	98.16	4.74	$6,622
May 2014	0	1,290	94.73	4.73	$6,097
Apr 2014	0	1,368	95.94	4.81	$6,579
Mar 2014	0	1,347	95.89	5.06	$6,812
Feb 2014	0	1,321	97.40	6.19	$8,180
Jan 2014	0	1,571	90.40	4.86	$7,636
Dec 2013	0	1,609	91.82	4.35	$7,006
Nov 2013	0	1,570	88.85	3.74	$5,869
Oct 2013	0	1,669	97.42	3.78	$6,308
Sep 2013	0	1,612	104.11	3.72	$5,993
Aug 2013	0	1,705	104.25	3.52	$6,006
Jul 2013	0	1,746	102.52	3.72	$6,491
Jun 2013	0	1,676	94.40	3.93	$6,592
May 2013	0	1,626	94.83	4.15	$6,746
Apr 2013	0	1,606	93.96	4.28	$6,878
Mar 2013	0	1,702	93.62	3.91	$6,660
Feb 2013	0	1,551	91.23	3.42	$5,304
Jan 2013	0	1,719	91.60	3.42	$5,879
Dec 2012	0	1,804	86.77	3.42	$6,170
Nov 2012	0	1,520	86.95	3.62	$5,510
Oct 2012	0	340	89.38	3.40	$1,156
Sep 2012	0	1,937	94.67	2.92	$5,653
Aug 2012	0	2,069	92.66	2.91	$6,017
Jul 2012	0	2,031	85.13	3.02	$6,135
Jun 2012	0	1,981	79.82	2.52	$4,990
May 2012	0	2,186	91.61	2.49	$5,439
Apr 2012	0	2,112	101.65	2.00	$4,217
Mar 2012	0	2,311	105.05	2.22	$5,135
Feb 2012	0	2,210	101.10	2.57	$5,680
Jan 2012	0	2,334	98.09	2.73	$6,381
Dec 2011	0	2,056	96.87	3.24	$6,661
Nov 2011	0	2,306	95.72	3.31	$7,636
Oct 2011	0	2,306	84.98	3.65	$8,414
Sep 2011	0	2,352	83.62	3.99	$9,375
Aug 2011	0	2,539	83.40	4.15	$10,535
Jul 2011	0	2,548	94.14	4.52	$11,510
Jun 2011	0	2,439	92.90	4.64	$11,317
May 2011	0	2,709	98.13	4.40	$11,933
Apr 2011	0	2,672	105.96	4.33	$11,579
Mar 2011	0	2,920	96.36	4.06	$11,847
Feb 2011	0	2,684	85.64	4.18	$11,219
Jan 2011	0	2,924	86.50	4.59	$13,418
Dec 2010	0	2,865	85.73	4.35	$12,456
Nov 2010	0	2,797	80.84	3.80	$10,616
Oct 2010	0	3,173	78.10	3.51	$11,134
Sep 2010	0	3,029	72.63	3.98	$12,054
Aug 2010	0	980	73.68	4.42	$4,331
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	84	70.36	4.91	$412
May 2010	0	517	71.12	4.24	$2,190
Apr 2010	0	172	81.69	4.12	$709
Mar 2010	0	1,061	78.39	4.39	$4,656
Feb 2010	0	908	73.58	5.44	$4,942
Jan 2010	0	832	74.36	5.96	$4,962
Dec 2009	0	385	71.44	5.48	$2,111
Nov 2009	0	181	74.59	3.75	$679
Oct 2009	0	383	72.54	4.11	$1,574
Sep 2009	0	652	65.54	3.06	$1,998
Aug 2009	0	385	67.42	3.22	$1,239
Jul 2009	0	285	61.13	3.46	$987
Jun 2009	0	287	66.16	3.90	$1,118
May 2009	0	218	54.74	3.93	$856
Apr 2009	0	269	46.77	3.59	$965
Mar 2009	0	299	42.14	4.06	$1,214
Feb 2009	0	282	32.81	4.63	$1,307
Jan 2009	0	476	35.86	5.37	$2,557
Dec 2008	0	1,007	37.10	5.98	$6,019
Nov 2008	0	1,430	55.49	6.86	$9,810
Oct 2008	0	2,353	75.24	6.92	$16,287
Sep 2008	0	2,210	101.76	7.88	$17,408
Aug 2008	0	2,187	114.22	8.48	$18,552
Jul 2008	0	2,343	131.08	11.39	$26,685
Jun 2008	0	7,591	131.33	13.03	$98,931
May 2008	0	7,029	123.17	11.57	$81,356
Apr 2008	0	342	110.31	10.45	$3,576
Mar 2008	0	450	101.90	9.66	$4,349
Feb 2008	0	838	92.53	8.77	$7,350
Jan 2008	0	788	90.38	8.21	$6,466
Dec 2007	0	529	88.33	7.30	$3,863
Nov 2007	0	220	91.67	7.29	$1,604
Oct 2007	0	970	82.85	6.92	$6,714
Sep 2007	0	1,662	75.84	6.24	$10,378
Aug 2007	0	2,250	69.06	6.39	$14,373
Jul 2007	0	2,097	70.90	6.39	$13,396
Jun 2007	0	3,348	62.00	7.55	$25,272
May 2007	0	4,228	58.74	7.85	$33,174
Apr 2007	0	4,199	59.61	7.81	$32,774
Mar 2007	0	4,379	56.92	7.30	$31,975
Feb 2007	0	4,091	55.10	8.22	$33,612
Jan 2007	0	2,493	50.30	6.73	$16,770
Dec 2006	0	4,549	56.65	6.92	$31,472
Nov 2006	0	4,166	54.20	7.62	$31,734
Oct 2006	0	4,238	54.90	6.01	$25,486
Sep 2006	0	4,307	60.08	5.04	$21,695
Aug 2006	0	5,473	68.71	7.34	$40,171
Jul 2006	1	5,234	69.37	6.34	$33,267
Jun 2006	46	5,279	66.28	6.38	$36,749
May 2006	52	6,194	66.01	6.42	$43,229
Apr 2006	53	5,900	64.39	7.36	$46,840
Mar 2006	67	6,540	56.70	7.08	$50,121
Feb 2006	60	6,152	57.59	7.75	$51,140
Jan 2006	45	7,510	60.59	8.93	$69,816
Dec 2005	31	8,141	54.94	13.42	$110,918
Nov 2005	22	8,328	54.69	10.59	$89,383
Oct 2005	21	9,526	58.34	13.80	$132,644
Sep 2005	14	7,851	61.45	12.08	$95,693
Aug 2005	25	10,823	61.51	9.80	$107,569
Jul 2005	27	11,761	55.69	7.84	$93,753
Jun 2005	0	7,297	52.33	7.38	$53,859
May 2005	0	11,982	45.22	6.65	$79,694
Apr 2005	0	12,161	49.20	7.36	$89,511
Mar 2005	0	12,898	50.37	7.15	$92,284
Feb 2005	0	13,765	45.22	6.31	$86,884
Jan 2005	0	14,877	43.16	6.32	$94,055
Dec 2004	33	7,492	39.86	6.75	$51,894
Nov 2004	34	8,325	45.28	6.33	$54,240
Oct 2004	53	15,469	49.70	6.52	$103,416
Sep 2004	62	17,211	43.24	5.28	$93,622
Aug 2004	69	20,004	42.37	5.55	$113,959
Jul 2004	83	21,358	38.28	6.08	$133,123
Jun 2004	81	23,003	36.10	6.43	$150,903
May 2004	58	22,294	37.48	6.49	$146,964
Apr 2004	67	23,359	34.47	5.86	$139,157
Mar 2004	85	24,661	34.36	5.53	$139,299
Feb 2004	75	25,377	32.45	5.51	$142,251
Jan 2004	1	32,394	32.03	6.30	$204,103
Dec 2003	1	39,113	30.26	6.30	$246,506
Nov 2003	0	41,650	28.80	4.60	$191,388
Oct 2003	0	48,011	28.17	4.76	$228,515
Sep 2003	0	41,974	26.31	4.75	$199,350
Aug 2003	0	88,750	29.76	5.13	$455,263
Jul 2003	0	134,903	29.41	5.17	$697,562
Jun 2003	0	87,580	28.56	5.98	$523,988

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.

Mar 2018 — as filed, then multipliedworked

Condensate             1 bbl  × $ 61.22 =        $61
Gas                    0 Mcf  × $  2.79 =         $0

────────────────────────────────────────────────────
Month total                                      $61

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/196034 is the state's own key, not one this site invented.