B.M.T.

Name: B.M.T. lease production and value, Jan 1993 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 87687District 04Field 047892372 tax incentive programmesCondensateGasSave Export

Value, all time

$517 k

Jan 1993 – Sep 2018

Value, last 12 filed months

$1 k

at the published price for each month

Months reported

309

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	2005-08-17	164562
NGPA	2	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	1,139 bbl	$36,359
Gas	Production	201,229 Mcf	$480,575
Total			$516,935

72,231 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 27.3983, -99.1517. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.39830, -99.15173 · 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

10,970 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 10,970 ft.

Completions filed

Jan 2018

1 of 1 wells

1 well


42-47932138	5	10,970 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 (309)

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

309 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	0	0	61.78	2.77	$0
Jan 2018	0	99	62.87	4.01	$397
Dec 2017	0	97	57.27	2.92	$283
Nov 2017	0	57	55.42	3.12	$178
Oct 2017	0	96	49.29	2.98	$286
Sep 2017	0	90	47.52	3.09	$278
Aug 2017	0	104	45.37	3.00	$312
Jul 2017	0	126	43.87	3.09	$389
Jun 2017	0	193	42.49	3.09	$596
May 2017	0	169	45.37	3.26	$552
Apr 2017	0	239	47.93	3.21	$768
Mar 2017	0	261	46.77	2.98	$779
Feb 2017	0	314	50.45	2.95	$927
Jan 2017	0	434	49.41	3.42	$1,484
Dec 2016	0	18	48.76	3.72	$67
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	5	41.62	2.92	$15
Jun 2016	0	225	45.35	2.69	$604
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	13	38.79	2.17	$28
Oct 2015	0	35	43.55	2.43	$85
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	261	40.16	2.87	$750
Jul 2015	0	133	48.15	2.95	$392
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	2	70.46	4.25	$9
Oct 2014	0	2	78.30	3.90	$8
Sep 2014	0	76	86.16	4.05	$307
Aug 2014	0	170	89.39	4.04	$686
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	14	94.73	4.73	$66
Apr 2014	0	16	95.94	4.81	$77
Mar 2014	0	58	95.89	5.06	$293
Feb 2014	0	27	97.40	6.19	$167
Jan 2014	0	34	90.40	4.86	$165
Dec 2013	0	36	91.82	4.35	$157
Nov 2013	0	34	88.85	3.74	$127
Oct 2013	0	31	97.42	3.78	$117
Sep 2013	0	64	104.11	3.72	$238
Aug 2013	0	46	104.25	3.52	$162
Jul 2013	0	43	102.52	3.72	$160
Jun 2013	0	51	94.40	3.93	$201
May 2013	0	89	94.83	4.15	$369
Apr 2013	0	23	93.96	4.28	$99
Mar 2013	0	51	93.62	3.91	$200
Feb 2013	0	117	91.23	3.42	$400
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	8	89.38	3.40	$27
Sep 2012	0	65	94.67	2.92	$190
Aug 2012	0	72	92.66	2.91	$209
Jul 2012	0	69	85.13	3.02	$208
Jun 2012	0	31	79.82	2.52	$78
May 2012	0	88	91.61	2.49	$219
Apr 2012	0	19	101.65	2.00	$38
Mar 2012	0	14	105.05	2.22	$31
Feb 2012	0	47	101.10	2.57	$121
Jan 2012	0	312	98.09	2.73	$853
Dec 2011	0	272	96.87	3.24	$881
Nov 2011	0	2	95.72	3.31	$7
Oct 2011	0	44	84.98	3.65	$161
Sep 2011	0	56	83.62	3.99	$223
Aug 2011	0	70	83.40	4.15	$290
Jul 2011	0	41	94.14	4.52	$185
Jun 2011	0	87	92.90	4.64	$404
May 2011	0	92	98.13	4.40	$405
Apr 2011	0	123	105.96	4.33	$533
Mar 2011	0	115	96.36	4.06	$467
Feb 2011	0	72	85.64	4.18	$301
Jan 2011	0	161	86.50	4.59	$739
Dec 2010	0	129	85.73	4.35	$561
Nov 2010	0	122	80.84	3.80	$463
Oct 2010	0	139	78.10	3.51	$488
Sep 2010	0	146	72.63	3.98	$581
Aug 2010	0	151	73.68	4.42	$667
Jul 2010	0	169	72.55	4.74	$800
Jun 2010	0	259	70.36	4.91	$1,272
May 2010	0	293	71.12	4.24	$1,241
Apr 2010	0	358	81.69	4.12	$1,476
Mar 2010	0	627	78.39	4.39	$2,752
Feb 2010	0	204	73.58	5.44	$1,110
Jan 2010	0	225	74.36	5.96	$1,342
Dec 2009	1	449	71.44	5.48	$2,534
Nov 2009	3	308	74.59	3.75	$1,379
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	2	236	67.42	3.22	$894
Jul 2009	1	135	61.13	3.46	$529
Jun 2009	1	0	66.16	3.90	$66
May 2009	7	240	54.74	3.93	$1,325
Apr 2009	8	201	46.77	3.59	$1,095
Mar 2009	11	347	42.14	4.06	$1,872
Feb 2009	6	362	32.81	4.63	$1,874
Jan 2009	7	267	35.86	5.37	$1,685
Dec 2008	6	243	37.10	5.98	$1,675
Nov 2008	0	87	55.49	6.86	$597
Oct 2008	0	92	75.24	6.92	$637
Sep 2008	0	215	101.76	7.88	$1,694
Aug 2008	0	120	114.22	8.48	$1,018
Jul 2008	0	226	131.08	11.39	$2,574
Jun 2008	0	83	131.33	13.03	$1,082
May 2008	0	161	123.17	11.57	$1,863
Apr 2008	0	62	110.31	10.45	$648
Mar 2008	0	108	101.90	9.66	$1,044
Feb 2008	0	111	92.53	8.77	$974
Jan 2008	0	110	90.38	8.21	$903
Dec 2007	0	139	88.33	7.30	$1,015
Nov 2007	0	137	91.67	7.29	$999
Oct 2007	0	149	82.85	6.92	$1,031
Sep 2007	0	25	75.84	6.24	$156
Aug 2007	0	49	69.06	6.39	$313
Jul 2007	0	130	70.90	6.39	$830
Jun 2007	0	43	62.00	7.55	$325
May 2007	0	97	58.74	7.85	$761
Apr 2007	0	109	59.61	7.81	$851
Mar 2007	0	145	56.92	7.30	$1,059
Feb 2007	0	135	55.10	8.22	$1,109
Jan 2007	0	106	50.30	6.73	$713
Dec 2006	2	107	56.65	6.92	$854
Nov 2006	4	160	54.20	7.62	$1,436
Oct 2006	5	219	54.90	6.01	$1,592
Sep 2006	2	78	60.08	5.04	$513
Aug 2006	6	277	68.71	7.34	$2,445
Jul 2006	7	264	69.37	6.34	$2,160
Jun 2006	0	109	66.28	6.38	$696
May 2006	0	54	66.01	6.42	$347
Apr 2006	0	394	64.39	7.36	$2,900
Mar 2006	0	402	56.70	7.08	$2,847
Feb 2006	0	1,013	57.59	7.75	$7,852
Jan 2006	0	473	60.59	8.93	$4,225
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	19	58.34	13.80	$262
Sep 2005	0	61	61.45	12.08	$737
Aug 2005	1	85	61.51	9.80	$894
Jul 2005	14	180	55.69	7.84	$2,192
Jun 2005	46	571	52.33	7.38	$6,622
May 2005	46	497	45.22	6.65	$5,386
Apr 2005	82	848	49.20	7.36	$10,276
Mar 2005	8	431	50.37	7.15	$3,487
Feb 2005	54	487	45.22	6.31	$5,516
Jan 2005	0	865	43.16	6.32	$5,469
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	115	45.28	6.33	$728
Oct 2004	0	327	49.70	6.52	$2,130
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	372	42.37	5.55	$2,065
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	80	36.10	6.43	$515
May 2004	0	418	37.48	6.49	$2,715
Apr 2004	0	126	34.47	5.86	$738
Mar 2004	0	190	34.36	5.53	$1,051
Feb 2004	0	70	32.45	5.51	$386
Jan 2004	0	699	32.03	6.30	$4,403
Dec 2003	0	619	30.26	6.30	$3,901
Nov 2003	0	1,413	28.80	4.60	$6,493
Oct 2003	0	77	28.17	4.76	$366
Sep 2003	0	96	26.31	4.75	$456
Aug 2003	0	389	29.76	5.13	$1,995
Jul 2003	0	581	29.41	5.17	$3,004
Jun 2003	0	873	28.56	5.98	$5,223
May 2003	0	992	26.59	5.97	$5,925
Apr 2003	0	1,258	26.67	5.41	$6,802
Mar 2003	0	1,858	31.14	6.10	$11,326
Feb 2003	13	442	33.48	7.93	$3,938
Jan 2003	5	180	30.31	5.58	$1,156
Dec 2002	25	877	26.91	4.85	$4,930
Nov 2002	39	1,572	24.66	4.14	$7,465
Oct 2002	51	2,158	26.46	4.23	$10,476
Sep 2002	53	2,480	27.44	3.64	$10,470
Aug 2002	39	1,963	25.96	3.16	$7,224
Jul 2002	48	1,381	24.58	3.06	$5,408
Jun 2002	64	1,466	23.73	3.34	$6,413
May 2002	218	4,093	24.66	3.58	$20,045
Apr 2002	248	4,879	23.65	3.51	$23,002
Mar 2002	0	8,072	22.00	3.10	$25,045
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	860	18.07	2.41	$2,069
Oct 2001	0	1,209	19.78	2.53	$3,057
Sep 2001	0	946	24.26	2.25	$2,130
Aug 2001	0	114	24.87	3.05	$348
Jul 2001	0	1,065	23.93	3.20	$3,405
Jun 2001	0	449	24.56	3.82	$1,717
May 2001	0	1,073	25.52	4.31	$4,622
Apr 2001	0	1,092	24.68	5.34	$5,826
Mar 2001	0	741	24.54	5.38	$3,984
Feb 2001	0	717	27.75	5.77	$4,135
Jan 2001	0	815	27.47	8.40	$6,845
Dec 2000	0	952	26.88	9.12	$8,685
Nov 2000	0	758	32.21	5.66	$4,289
Oct 2000	0	872	31.23	5.15	$4,487
Sep 2000	0	823	31.87	5.19	$4,268
Aug 2000	0	833	29.64	4.54	$3,782
Jul 2000	0	268	28.53	4.09	$1,096
Jun 2000	0	311	29.30	4.40	$1,368
May 2000	0	993	27.26	3.68	$3,654
Apr 2000	0	1,431	24.51	3.12	$4,459
Mar 2000	0	600	28.42	2.86	$1,716
Feb 2000	0	635	27.62	2.73	$1,731
Jan 2000	0	950	25.27	2.48	$2,356
Dec 1999	0	2,343	24.28	2.42	$5,679
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	406	20.98	2.80	$1,138
Sep 1999	0	387	21.75	2.62	$1,013
Aug 1999	0	2,188	19.26	2.88	$6,292
Jul 1999	0	2,060	17.89	2.37	$4,887
Jun 1999	0	1,909	15.94	2.36	$4,509
May 1999	0	1,552	15.79	2.32	$3,602
Apr 1999	0	306	15.10	2.21	$676
Mar 1999	0	249	12.47	1.84	$458
Feb 1999	0	1,185	9.98	1.82	$2,154
Jan 1999	0	2,600	10.38	1.90	$4,940
Dec 1998	0	5,187	9.20	1.77	$9,198
Nov 1998	0	1,368	10.89	2.19	$2,990
Oct 1998	0	1,322	12.42	1.97	$2,603
Sep 1998	0	1,356	12.59	2.08	$2,824
Aug 1998	0	1,438	11.30	1.91	$2,743
Jul 1998	0	1,441	11.74	2.24	$3,224
Jun 1998	0	1,480	11.24	2.24	$3,311
May 1998	0	1,568	12.62	2.21	$3,460
Apr 1998	0	1,476	13.04	2.51	$3,698
Mar 1998	0	1,598	12.80	2.31	$3,690
Feb 1998	0	1,063	13.95	2.30	$2,444
Jan 1998	0	1,516	14.70	2.15	$3,267
Dec 1997	0	1,514	16.32	2.41	$3,650
Nov 1997	0	1,375	18.19	3.09	$4,246
Oct 1997	0	1,470	19.25	3.15	$4,630
Sep 1997	0	1,315	17.74	2.95	$3,886
Aug 1997	0	1,056	17.86	2.55	$2,698
Jul 1997	0	965	17.58	2.25	$2,168
Jun 1997	0	640	17.24	2.26	$1,445
May 1997	0	819	18.97	2.31	$1,891
Apr 1997	0	765	17.88	2.08	$1,593
Mar 1997	0	816	18.95	1.94	$1,582
Feb 1997	1	706	20.49	2.21	$1,578
Jan 1997	0	1,280	23.48	3.54	$4,531
Dec 1996	0	1,190	23.32	—	$0
Nov 1996	0	1,490	21.97	—	$0
Oct 1996	0	1,534	23.31	—	$0
Sep 1996	0	1,608	22.22	—	$0
Aug 1996	0	1,348	20.26	—	$0
Jul 1996	0	1,491	19.55	—	$0
Jun 1996	0	1,289	18.73	—	$0
May 1996	0	1,608	19.43	—	$0
Apr 1996	0	1,508	21.51	—	$0
Mar 1996	0	1,746	19.38	—	$0
Feb 1996	3	1,495	16.98	—	$51
Jan 1996	0	1,468	17.07	—	$0
Dec 1995	0	1,410	17.19	—	$0
Nov 1995	0	1,748	16.00	—	$0
Oct 1995	0	1,821	15.43	—	$0
Sep 1995	0	1,673	16.18	—	$0
Aug 1995	1	1,948	15.92	—	$16
Jul 1995	0	2,094	15.24	—	$0
Jun 1995	0	2,040	16.41	—	$0
May 1995	0	2,201	17.56	—	$0
Apr 1995	0	1,617	17.73	—	$0
Mar 1995	0	0	16.44	—	$0
Feb 1995	0	119	16.58	—	$0
Jan 1995	0	1,395	15.92	—	$0
Dec 1994	0	1,079	15.03	—	$0
Nov 1994	1	897	15.90	—	$16
Oct 1994	0	1,119	15.58	—	$0
Sep 1994	0	1,345	15.29	—	$0
Aug 1994	0	1,026	16.13	—	$0
Jul 1994	0	1,101	17.56	—	$0
Jun 1994	0	1,106	17.09	—	$0
May 1994	0	1,377	15.88	—	$0
Apr 1994	0	1,471	14.14	—	$0
Mar 1994	0	1,620	12.46	—	$0
Feb 1994	0	1,392	12.50	—	$0
Jan 1994	0	1,355	12.66	—	$0
Dec 1993	0	1,797	12.33	—	$0
Nov 1993	0	1,777	14.49	—	$0
Oct 1993	0	1,812	15.85	—	$0
Sep 1993	0	1,837	15.03	—	$0
Aug 1993	0	1,660	15.66	—	$0
Jul 1993	0	1,890	15.46	—	$0
Jun 1993	0	1,986	16.79	—	$0
May 1993	0	1,642	17.68	—	$0
Apr 1993	0	1,628	18.05	—	$0
Mar 1993	0	1,801	18.14	—	$0
Feb 1993	0	1,874	17.90	—	$0
Jan 1993	0	1,798	16.93	—	$0

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.

Jan 2018 — as filed, then multipliedworked

Condensate             0 bbl  × $ 62.87 =         $0
Gas                   99 Mcf  × $  4.01 =       $397

────────────────────────────────────────────────────
Month total                                     $397

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/87687 is the state's own key, not one this site invented.