B.M.T.

Name: B.M.T. lease production and value, Oct 2006 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 227042District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$2.0 M

Oct 2006 – Jul 2018

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

142

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	2007-08-20	175887
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	2,754 bbl	$207,162
Gas	Production	307,273 Mcf	$1,771,798
Total			$1,978,960

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 27.4179, -99.1445. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.41794, -99.14454 · 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

11,255 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 11,255 ft.

Completions filed

Aug 2017

1 of 1 wells

1 well


42-47939466	155	11,255 ft	Aug 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 (142)

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

142 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	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	11	0	47.52	3.09	$523
Aug 2017	27	241	45.37	3.00	$1,949
Jul 2017	2	608	43.87	3.09	$1,965
Jun 2017	0	711	42.49	3.09	$2,195
May 2017	0	628	45.37	3.26	$2,049
Apr 2017	0	744	47.93	3.21	$2,389
Mar 2017	0	686	46.77	2.98	$2,047
Feb 2017	9	684	50.45	2.95	$2,474
Jan 2017	39	818	49.41	3.42	$4,724
Dec 2016	35	898	48.76	3.72	$5,050
Nov 2016	30	877	42.49	2.64	$3,594
Oct 2016	38	946	46.19	3.09	$4,679
Sep 2016	28	972	41.55	3.10	$4,177
Aug 2016	29	1,095	41.44	2.92	$4,404
Jul 2016	25	926	41.62	2.92	$3,748
Jun 2016	40	710	45.35	2.69	$3,721
May 2016	24	936	42.52	1.99	$2,884
Apr 2016	46	829	36.56	1.99	$3,332
Mar 2016	33	1,041	33.01	1.79	$2,957
Feb 2016	51	856	26.47	2.06	$3,116
Jan 2016	8	942	27.35	2.36	$2,446
Dec 2015	0	999	32.36	2.00	$1,999
Nov 2015	0	591	38.79	2.17	$1,281
Oct 2015	0	581	43.55	2.43	$1,410
Sep 2015	0	695	42.99	2.76	$1,917
Aug 2015	0	333	40.16	2.87	$957
Jul 2015	0	667	48.15	2.95	$1,964
Jun 2015	0	1,001	56.15	2.88	$2,886
May 2015	0	1,066	55.21	2.96	$3,151
Apr 2015	0	917	49.82	2.71	$2,482
Mar 2015	0	1,032	42.89	2.93	$3,029
Feb 2015	0	824	44.66	2.98	$2,452
Jan 2015	0	979	43.43	3.10	$3,036
Dec 2014	0	973	54.69	3.59	$3,494
Nov 2014	0	878	70.46	4.25	$3,733
Oct 2014	0	930	78.30	3.90	$3,628
Sep 2014	0	910	86.16	4.05	$3,681
Aug 2014	0	960	89.39	4.04	$3,874
Jul 2014	0	966	96.56	4.18	$4,037
Jun 2014	0	899	98.16	4.74	$4,258
May 2014	0	908	94.73	4.73	$4,292
Apr 2014	0	926	95.94	4.81	$4,453
Mar 2014	0	900	95.89	5.06	$4,551
Feb 2014	0	700	97.40	6.19	$4,334
Jan 2014	0	881	90.40	4.86	$4,282
Dec 2013	0	918	91.82	4.35	$3,997
Nov 2013	0	969	88.85	3.74	$3,622
Oct 2013	0	931	97.42	3.78	$3,519
Sep 2013	0	923	104.11	3.72	$3,431
Aug 2013	0	908	104.25	3.52	$3,199
Jul 2013	0	956	102.52	3.72	$3,554
Jun 2013	0	933	94.40	3.93	$3,670
May 2013	0	950	94.83	4.15	$3,942
Apr 2013	0	893	93.96	4.28	$3,824
Mar 2013	0	929	93.62	3.91	$3,635
Feb 2013	0	774	91.23	3.42	$2,647
Jan 2013	0	901	91.60	3.42	$3,081
Dec 2012	0	853	86.77	3.42	$2,917
Nov 2012	0	1,442	86.95	3.62	$5,227
Oct 2012	0	750	89.38	3.40	$2,550
Sep 2012	0	1,465	94.67	2.92	$4,275
Aug 2012	0	1,530	92.66	2.91	$4,449
Jul 2012	0	1,543	85.13	3.02	$4,661
Jun 2012	0	1,536	79.82	2.52	$3,869
May 2012	0	1,549	91.61	2.49	$3,854
Apr 2012	0	1,561	101.65	2.00	$3,117
Mar 2012	0	1,619	105.05	2.22	$3,598
Feb 2012	0	1,524	101.10	2.57	$3,917
Jan 2012	0	1,779	98.09	2.73	$4,864
Dec 2011	0	1,746	96.87	3.24	$5,657
Nov 2011	0	2,159	95.72	3.31	$7,149
Oct 2011	0	1,851	84.98	3.65	$6,753
Sep 2011	0	1,382	83.62	3.99	$5,508
Aug 2011	11	1,789	83.40	4.15	$8,341
Jul 2011	66	1,825	94.14	4.52	$14,457
Jun 2011	24	1,710	92.90	4.64	$10,164
May 2011	22	1,862	98.13	4.40	$10,361
Apr 2011	24	1,911	105.96	4.33	$10,824
Mar 2011	0	1,868	96.36	4.06	$7,579
Feb 2011	0	886	85.64	4.18	$3,703
Jan 2011	0	2,413	86.50	4.59	$11,073
Dec 2010	0	2,703	85.73	4.35	$11,752
Nov 2010	0	2,491	80.84	3.80	$9,454
Oct 2010	0	2,041	78.10	3.51	$7,162
Sep 2010	0	1,766	72.63	3.98	$7,028
Aug 2010	0	1,993	73.68	4.42	$8,808
Jul 2010	0	1,807	72.55	4.74	$8,559
Jun 2010	0	1,847	70.36	4.91	$9,070
May 2010	0	2,099	71.12	4.24	$8,890
Apr 2010	0	1,987	81.69	4.12	$8,192
Mar 2010	0	2,316	78.39	4.39	$10,164
Feb 2010	0	2,139	73.58	5.44	$11,641
Jan 2010	0	2,329	74.36	5.96	$13,890
Dec 2009	2	2,334	71.44	5.48	$12,942
Nov 2009	11	2,365	74.59	3.75	$9,693
Oct 2009	9	2,257	72.54	4.11	$9,930
Sep 2009	10	2,336	65.54	3.06	$7,815
Aug 2009	9	2,466	67.42	3.22	$8,544
Jul 2009	11	2,726	61.13	3.46	$10,117
Jun 2009	9	2,658	66.16	3.90	$10,948
May 2009	0	2,853	54.74	3.93	$11,200
Apr 2009	0	2,831	46.77	3.59	$10,156
Mar 2009	0	2,947	42.14	4.06	$11,962
Feb 2009	0	2,701	32.81	4.63	$12,514
Jan 2009	0	2,980	35.86	5.37	$16,006
Dec 2008	0	3,126	37.10	5.98	$18,685
Nov 2008	0	3,175	55.49	6.86	$21,782
Oct 2008	0	3,223	75.24	6.92	$22,310
Sep 2008	0	3,197	101.76	7.88	$25,183
Aug 2008	0	3,410	114.22	8.48	$28,927
Jul 2008	0	3,268	131.08	11.39	$37,221
Jun 2008	15	3,520	131.33	13.03	$47,845
May 2008	140	2,640	123.17	11.57	$47,800
Apr 2008	156	3,563	110.31	10.45	$54,459
Mar 2008	185	3,661	101.90	9.66	$54,232
Feb 2008	226	3,545	92.53	8.77	$52,003
Jan 2008	284	3,985	90.38	8.21	$58,368
Dec 2007	261	4,156	88.33	7.30	$53,401
Nov 2007	10	4,428	91.67	7.29	$33,204
Oct 2007	7	4,297	82.85	6.92	$30,324
Sep 2007	6	4,657	75.84	6.24	$29,534
Aug 2007	3	1,944	69.06	6.39	$12,625
Jul 2007	7	5,197	70.90	6.39	$33,694
Jun 2007	0	4,925	62.00	7.55	$37,176
May 2007	0	6,995	58.74	7.85	$54,885
Apr 2007	0	7,309	59.61	7.81	$57,048
Mar 2007	0	8,945	56.92	7.30	$65,316
Feb 2007	5	10,691	55.10	8.22	$88,113
Jan 2007	84	9,445	50.30	6.73	$67,760
Dec 2006	43	3,576	56.65	6.92	$27,176
Nov 2006	228	14,941	54.20	7.62	$126,170
Oct 2006	411	32,280	54.90	6.01	$216,689

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.

Sep 2017 — as filed, then multipliedworked

Condensate            11 bbl  × $ 47.52 =       $523
Gas                    0 Mcf  × $  3.09 =         $0

────────────────────────────────────────────────────
Month total                                     $523

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/227042 is the state's own key, not one this site invented.