B. M. T.

Name: B. M. T. lease production and value, Aug 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 196910District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$6.1 M

Aug 2003 – Apr 2018

Value, last 12 filed months

$47 k

at the published price for each month

Months reported

177

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	2003-12-22	154023
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	8,998 bbl	$378,053
Gas	Production	963,065 Mcf	$5,685,087
Total			$6,063,141

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 27.3488, -99.1551. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34876, -99.15511 · 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

10,104 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 10,104 ft.

Completions filed

Mar 2018

1 of 1 wells

1 well


42-47938393	178	10,104 ft	Mar 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 (177)

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

177 months


Apr 2018	3	0	63.84	2.90	$192
Mar 2018	2	144	61.22	2.79	$524
Feb 2018	6	1,314	61.78	2.77	$4,005
Jan 2018	5	1,461	62.87	4.01	$6,172
Dec 2017	7	1,473	57.27	2.92	$4,704
Nov 2017	3	1,432	55.42	3.12	$4,632
Oct 2017	4	1,541	49.29	2.98	$4,795
Sep 2017	3	1,366	47.52	3.09	$4,360
Aug 2017	2	1,453	45.37	3.00	$4,456
Jul 2017	2	1,277	43.87	3.09	$4,030
Jun 2017	0	1,458	42.49	3.09	$4,501
May 2017	0	1,558	45.37	3.26	$5,084
Apr 2017	0	1,502	47.93	3.21	$4,824
Mar 2017	0	1,563	46.77	2.98	$4,663
Feb 2017	2	1,382	50.45	2.95	$4,181
Jan 2017	7	1,576	49.41	3.42	$5,734
Dec 2016	6	1,611	48.76	3.72	$6,290
Nov 2016	5	1,550	42.49	2.64	$4,311
Oct 2016	7	1,630	46.19	3.09	$5,360
Sep 2016	5	1,579	41.55	3.10	$5,104
Aug 2016	5	1,610	41.44	2.92	$4,915
Jul 2016	5	1,586	41.62	2.92	$4,846
Jun 2016	7	1,585	45.35	2.69	$4,574
May 2016	4	1,778	42.52	1.99	$3,710
Apr 2016	8	1,559	36.56	1.99	$3,397
Mar 2016	5	1,718	33.01	1.79	$3,247
Feb 2016	4	1,652	26.47	2.06	$3,515
Jan 2016	0	1,713	27.35	2.36	$4,050
Dec 2015	0	1,889	32.36	2.00	$3,781
Nov 2015	0	1,864	38.79	2.17	$4,040
Oct 2015	0	1,949	43.55	2.43	$4,729
Sep 2015	0	1,917	42.99	2.76	$5,288
Aug 2015	0	2,001	40.16	2.87	$5,748
Jul 2015	0	2,010	48.15	2.95	$5,920
Jun 2015	0	1,936	56.15	2.88	$5,581
May 2015	0	2,086	55.21	2.96	$6,165
Apr 2015	0	1,955	49.82	2.71	$5,291
Mar 2015	0	2,035	42.89	2.93	$5,972
Feb 2015	0	1,993	44.66	2.98	$5,932
Jan 2015	0	1,878	43.43	3.10	$5,823
Dec 2014	0	2,065	54.69	3.59	$7,416
Nov 2014	0	1,798	70.46	4.25	$7,645
Oct 2014	0	2,243	78.30	3.90	$8,750
Sep 2014	0	2,559	86.16	4.05	$10,352
Aug 2014	0	2,197	89.39	4.04	$8,865
Jul 2014	0	2,103	96.56	4.18	$8,790
Jun 2014	0	1,731	98.16	4.74	$8,200
May 2014	0	2,201	94.73	4.73	$10,403
Apr 2014	0	1,751	95.94	4.81	$8,421
Mar 2014	0	2,114	95.89	5.06	$10,690
Feb 2014	0	1,329	97.40	6.19	$8,229
Jan 2014	0	1,801	90.40	4.86	$8,754
Dec 2013	0	2,174	91.82	4.35	$9,467
Nov 2013	0	1,936	88.85	3.74	$7,237
Oct 2013	0	1,959	97.42	3.78	$7,404
Sep 2013	0	1,923	104.11	3.72	$7,149
Aug 2013	0	2,093	104.25	3.52	$7,373
Jul 2013	0	2,263	102.52	3.72	$8,413
Jun 2013	0	2,274	94.40	3.93	$8,945
May 2013	0	2,464	94.83	4.15	$10,223
Apr 2013	0	1,973	93.96	4.28	$8,450
Mar 2013	0	1,981	93.62	3.91	$7,751
Feb 2013	0	2,035	91.23	3.42	$6,960
Jan 2013	0	3,032	91.60	3.42	$10,369
Dec 2012	5	1,365	86.77	3.42	$5,102
Nov 2012	28	2,357	86.95	3.62	$10,979
Oct 2012	28	1,229	89.38	3.40	$6,681
Sep 2012	45	2,070	94.67	2.92	$10,301
Aug 2012	41	2,164	92.66	2.91	$10,092
Jul 2012	39	2,376	85.13	3.02	$10,497
Jun 2012	39	2,430	79.82	2.52	$9,234
May 2012	0	2,470	91.61	2.49	$6,146
Apr 2012	0	2,481	101.65	2.00	$4,954
Mar 2012	0	2,582	105.05	2.22	$5,737
Feb 2012	0	2,454	101.10	2.57	$6,307
Jan 2012	0	2,956	98.09	2.73	$8,082
Dec 2011	0	2,080	96.87	3.24	$6,739
Nov 2011	0	2,737	95.72	3.31	$9,063
Oct 2011	0	3,014	84.98	3.65	$10,997
Sep 2011	0	2,814	83.62	3.99	$11,216
Aug 2011	0	2,658	83.40	4.15	$11,029
Jul 2011	0	2,696	94.14	4.52	$12,178
Jun 2011	0	2,600	92.90	4.64	$12,064
May 2011	0	2,549	98.13	4.40	$11,228
Apr 2011	0	2,449	105.96	4.33	$10,612
Mar 2011	0	2,932	96.36	4.06	$11,896
Feb 2011	0	2,641	85.64	4.18	$11,039
Jan 2011	4	2,830	86.50	4.59	$13,332
Dec 2010	45	2,872	85.73	4.35	$16,345
Nov 2010	40	2,646	80.84	3.80	$13,276
Oct 2010	35	2,873	78.10	3.51	$12,815
Sep 2010	39	3,163	72.63	3.98	$15,420
Aug 2010	20	2,618	73.68	4.42	$13,043
Jul 2010	3	3,023	72.55	4.74	$14,536
Jun 2010	4	2,835	70.36	4.91	$14,202
May 2010	6	2,872	71.12	4.24	$12,590
Apr 2010	11	2,813	81.69	4.12	$12,496
Mar 2010	12	3,530	78.39	4.39	$16,433
Feb 2010	11	2,980	73.58	5.44	$17,028
Jan 2010	8	3,160	74.36	5.96	$19,441
Dec 2009	9	2,862	71.44	5.48	$16,337
Nov 2009	0	2,801	74.59	3.75	$10,508
Oct 2009	0	3,220	72.54	4.11	$13,235
Sep 2009	0	3,225	65.54	3.06	$9,884
Aug 2009	0	3,514	67.42	3.22	$11,310
Jul 2009	0	3,688	61.13	3.46	$12,777
Jun 2009	0	3,518	66.16	3.90	$13,703
May 2009	0	3,703	54.74	3.93	$14,537
Apr 2009	0	3,714	46.77	3.59	$13,324
Mar 2009	0	3,845	42.14	4.06	$15,607
Feb 2009	0	3,497	32.81	4.63	$16,202
Jan 2009	0	3,572	35.86	5.37	$19,185
Dec 2008	0	3,825	37.10	5.98	$22,863
Nov 2008	0	3,745	55.49	6.86	$25,692
Oct 2008	0	4,485	75.24	6.92	$31,045
Sep 2008	0	3,074	101.76	7.88	$24,214
Aug 2008	0	4,358	114.22	8.48	$36,969
Jul 2008	0	4,112	131.08	11.39	$46,833
Jun 2008	0	4,783	131.33	13.03	$62,335
May 2008	0	5,007	123.17	11.57	$57,952
Apr 2008	0	4,366	110.31	10.45	$45,646
Mar 2008	0	4,732	101.90	9.66	$45,730
Feb 2008	0	4,311	92.53	8.77	$37,810
Jan 2008	2	4,627	90.38	8.21	$38,149
Dec 2007	41	4,488	88.33	7.30	$36,393
Nov 2007	43	4,676	91.67	7.29	$38,038
Oct 2007	36	4,877	82.85	6.92	$36,741
Sep 2007	26	4,936	75.84	6.24	$32,793
Aug 2007	29	5,202	69.06	6.39	$35,233
Jul 2007	31	5,203	70.90	6.39	$35,434
Jun 2007	34	5,304	62.00	7.55	$42,145
May 2007	31	5,776	58.74	7.85	$47,141
Apr 2007	37	5,708	59.61	7.81	$46,758
Mar 2007	51	7,473	56.92	7.30	$57,471
Feb 2007	35	4,144	55.10	8.22	$35,976
Jan 2007	77	6,988	50.30	6.73	$50,880
Dec 2006	82	6,563	56.65	6.92	$50,051
Nov 2006	101	5,611	54.20	7.62	$48,216
Oct 2006	98	6,114	54.90	6.01	$42,149
Sep 2006	77	5,039	60.08	5.04	$30,009
Aug 2006	92	5,771	68.71	7.34	$48,680
Jul 2006	103	5,867	69.37	6.34	$44,358
Jun 2006	33	6,145	66.28	6.38	$41,416
May 2006	33	6,093	66.01	6.42	$41,326
Apr 2006	37	6,615	64.39	7.36	$51,072
Mar 2006	41	6,422	56.70	7.08	$47,811
Feb 2006	32	5,279	57.59	7.75	$42,761
Jan 2006	140	7,855	60.59	8.93	$78,654
Dec 2005	94	8,088	54.94	13.42	$113,668
Nov 2005	65	8,088	54.69	10.59	$89,194
Oct 2005	61	9,322	58.34	13.80	$132,163
Sep 2005	42	7,801	61.45	12.08	$96,809
Aug 2005	110	15,251	61.51	9.80	$156,178
Jul 2005	182	9,842	55.69	7.84	$87,333
Jun 2005	203	9,814	52.33	7.38	$83,061
May 2005	248	10,584	45.22	6.65	$81,610
Apr 2005	113	11,217	49.20	7.36	$88,122
Mar 2005	21	11,731	50.37	7.15	$84,992
Feb 2005	130	10,901	45.22	6.31	$74,685
Jan 2005	86	15,211	43.16	6.32	$99,879
Dec 2004	199	17,692	39.86	6.75	$127,372
Nov 2004	82	7,723	45.28	6.33	$52,603
Oct 2004	112	12,291	49.70	6.52	$85,643
Sep 2004	119	12,220	43.24	5.28	$69,715
Aug 2004	145	15,784	42.37	5.55	$93,755
Jul 2004	162	15,620	38.28	6.08	$101,236
Jun 2004	123	13,193	36.10	6.43	$89,311
May 2004	61	14,990	37.48	6.49	$99,640
Apr 2004	84	18,847	34.47	5.86	$113,310
Mar 2004	127	23,871	34.36	5.53	$136,374
Feb 2004	66	14,308	32.45	5.51	$80,973
Jan 2004	1	21,785	32.03	6.30	$137,270
Dec 2003	21	24,506	30.26	6.30	$155,063
Nov 2003	582	26,111	28.80	4.60	$136,746
Oct 2003	496	22,875	28.17	4.76	$122,849
Sep 2003	683	31,556	26.31	4.75	$167,841
Aug 2003	2,659	103,208	29.76	5.13	$608,560

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.

Apr 2018 — as filed, then multipliedworked

Condensate             3 bbl  × $ 63.84 =       $192
Gas                    0 Mcf  × $  2.90 =         $0

────────────────────────────────────────────────────
Month total                                     $192

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/196910 is the state's own key, not one this site invented.