COLE, M. T.

Name: COLE, M. T. lease production and value, May 2000 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by TEJAS WESTERN CORP. (P-5 841335) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 177644District 09Field 652802002 tax incentive programmesCondensateGasSave Export

Value, all time

$2.4 M

May 2000 – Apr 2014

Value, last 12 filed months

at the published price for each month

Months reported

168

no gaps in the span

Streams

condensate, gas

The NEWARK, EAST (BARNETT SHALE) 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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered

1981-10-15

as the register files it

Field class

Oil and gas

the register's own label

Between wells

0 ft

minimum

From a lease line

330 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2009-09-29.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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	2001-09-13	144447
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	5,455 bbl	$212,559
Gas	Production	374,721 Mcf	$2,201,104
Total			$2,413,663

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 33.2687, -97.3918. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.26871, -97.39182 · 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

100.0%

1 of 1 wells

Median depth

8,150 ft

1 wells filed one

Completion to plug

13.9 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

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 8,150 ft.

Completions filed

May 2000

1 of 1 wells

Plug dates filed

Apr 2014

1 of 1 wells

Last completion to plug: a median of 13.9 years across the 1 well that filed both dates, with the middle half between 13.9 years and 13.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-49734498	2A	8,150 ft	May 2000	Apr 2014	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 (168)

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

168 months


Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
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	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	203	105.05	2.22	$451
Feb 2012	0	601	101.10	2.57	$1,545
Jan 2012	98	108	98.09	2.73	$9,908
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	315	84.98	3.65	$1,149
Sep 2011	0	93	83.62	3.99	$371
Aug 2011	0	93	83.40	4.15	$386
Jul 2011	0	146	94.14	4.52	$660
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	3,188	85.64	4.18	$13,326
Jan 2011	155	5,327	86.50	4.59	$37,852
Dec 2010	0	4,955	85.73	4.35	$21,543
Nov 2010	0	5,395	80.84	3.80	$20,476
Oct 2010	0	2,308	78.10	3.51	$8,099
Sep 2010	0	3,827	72.63	3.98	$15,229
Aug 2010	0	4,551	73.68	4.42	$20,113
Jul 2010	0	3,876	72.55	4.74	$18,359
Jun 2010	0	4,487	70.36	4.91	$22,033
May 2010	0	3,266	71.12	4.24	$13,832
Apr 2010	175	4,613	81.69	4.12	$33,314
Mar 2010	0	4,425	78.39	4.39	$19,420
Feb 2010	0	2,166	73.58	5.44	$11,788
Jan 2010	0	4,179	74.36	5.96	$24,924
Dec 2009	0	2,479	71.44	5.48	$13,594
Nov 2009	0	3,563	74.59	3.75	$13,367
Oct 2009	0	3,574	72.54	4.11	$14,690
Sep 2009	0	3,788	65.54	3.06	$11,609
Aug 2009	0	3,873	67.42	3.22	$12,465
Jul 2009	0	2,506	61.13	3.46	$8,682
Jun 2009	0	2,095	66.16	3.90	$8,160
May 2009	0	2,386	54.74	3.93	$9,367
Apr 2009	0	2,505	46.77	3.59	$8,987
Mar 2009	0	2,577	42.14	4.06	$10,460
Feb 2009	0	2,518	32.81	4.63	$11,666
Jan 2009	0	2,912	35.86	5.37	$15,640
Dec 2008	0	2,789	37.10	5.98	$16,670
Nov 2008	144	1,412	55.49	6.86	$17,677
Oct 2008	0	2,714	75.24	6.92	$18,786
Sep 2008	0	2,752	101.76	7.88	$21,678
Aug 2008	0	3,217	114.22	8.48	$27,290
Jul 2008	0	3,248	131.08	11.39	$36,993
Jun 2008	0	2,603	131.33	13.03	$33,924
May 2008	0	2,729	123.17	11.57	$31,586
Apr 2008	0	4,409	110.31	10.45	$46,095
Mar 2008	0	2,229	101.90	9.66	$21,541
Feb 2008	0	3,814	92.53	8.77	$33,451
Jan 2008	184	2,876	90.38	8.21	$40,230
Dec 2007	0	3,784	88.33	7.30	$27,631
Nov 2007	0	3,794	91.67	7.29	$27,665
Oct 2007	0	3,399	82.85	6.92	$23,528
Sep 2007	0	4,128	75.84	6.24	$25,776
Aug 2007	0	2,527	69.06	6.39	$16,142
Jul 2007	0	4,253	70.90	6.39	$27,168
Jun 2007	153	4,050	62.00	7.55	$40,057
May 2007	0	4,511	58.74	7.85	$35,395
Apr 2007	0	5,160	59.61	7.81	$40,275
Mar 2007	0	4,355	56.92	7.30	$31,800
Feb 2007	0	3,833	55.10	8.22	$31,492
Jan 2007	169	3,533	50.30	6.73	$32,267
Dec 2006	0	3,455	56.65	6.92	$23,903
Nov 2006	0	3,498	54.20	7.62	$26,646
Oct 2006	0	4,100	54.90	6.01	$24,657
Sep 2006	152	3,866	60.08	5.04	$28,606
Aug 2006	0	2,229	68.71	7.34	$16,361
Jul 2006	0	1,452	69.37	6.34	$9,210
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	1,669	66.01	6.42	$10,723
Apr 2006	0	2,808	64.39	7.36	$20,668
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	175	2,938	57.59	7.75	$32,851
Jan 2006	0	3,559	60.59	8.93	$31,794
Dec 2005	57	63	54.94	13.42	$3,977
Nov 2005	0	2,396	54.69	10.59	$25,370
Oct 2005	0	3,656	58.34	13.80	$50,437
Sep 2005	0	1,111	61.45	12.08	$13,420
Aug 2005	0	2,027	61.51	9.80	$19,858
Jul 2005	157	1,773	55.69	7.84	$22,650
Jun 2005	0	923	52.33	7.38	$6,813
May 2005	0	2,173	45.22	6.65	$14,453
Apr 2005	0	2,148	49.20	7.36	$15,810
Mar 2005	0	1,123	50.37	7.15	$8,035
Feb 2005	0	1,220	45.22	6.31	$7,701
Jan 2005	0	1,229	43.16	6.32	$7,770
Dec 2004	0	1,295	39.86	6.75	$8,743
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	2,622	49.70	6.52	$17,083
Sep 2004	0	1,755	43.24	5.28	$9,273
Aug 2004	0	1,388	42.37	5.55	$7,704
Jul 2004	0	1,747	38.28	6.08	$10,629
Jun 2004	119	1,286	36.10	6.43	$12,569
May 2004	0	935	37.48	6.49	$6,072
Apr 2004	0	541	34.47	5.86	$3,169
Mar 2004	0	1,100	34.36	5.53	$6,083
Feb 2004	0	1,496	32.45	5.51	$8,242
Jan 2004	0	488	32.03	6.30	$3,074
Dec 2003	0	1,320	30.26	6.30	$8,318
Nov 2003	0	1,580	28.80	4.60	$7,260
Oct 2003	134	913	28.17	4.76	$8,120
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	383	29.76	5.13	$1,965
Jul 2003	0	293	29.41	5.17	$1,515
Jun 2003	1	1,757	28.56	5.98	$10,541
May 2003	187	1,424	26.59	5.97	$13,477
Apr 2003	66	2,312	26.67	5.41	$14,262
Mar 2003	2	1,817	31.14	6.10	$11,139
Feb 2003	2	1,986	33.48	7.93	$15,808
Jan 2003	0	22	30.31	5.58	$123
Dec 2002	0	25	26.91	4.85	$121
Nov 2002	0	41	24.66	4.14	$170
Oct 2002	293	299	26.46	4.23	$9,017
Sep 2002	0	907	27.44	3.64	$3,297
Aug 2002	0	3,071	25.96	3.16	$9,717
Jul 2002	138	3,542	24.58	3.06	$14,237
Jun 2002	8	2,271	23.73	3.34	$7,771
May 2002	4	1,611	24.66	3.58	$5,872
Apr 2002	0	3,177	23.65	3.51	$11,159
Mar 2002	157	4,031	22.00	3.10	$15,961
Feb 2002	0	3,021	18.22	2.38	$7,177
Jan 2002	178	2,389	17.17	2.38	$8,732
Dec 2001	165	2,090	16.93	2.36	$7,735
Nov 2001	0	1,527	18.07	2.41	$3,673
Oct 2001	146	2,008	19.78	2.53	$7,966
Sep 2001	0	676	24.26	2.25	$1,522
Aug 2001	156	1,724	24.87	3.05	$9,143
Jul 2001	0	1,127	23.93	3.20	$3,603
Jun 2001	180	6,977	24.56	3.82	$31,102
May 2001	0	2,278	25.52	4.31	$9,812
Apr 2001	165	6,037	24.68	5.34	$36,282
Mar 2001	150	7,325	24.54	5.38	$43,063
Feb 2001	0	6,543	27.75	5.77	$37,734
Jan 2001	259	7,686	27.47	8.40	$71,668
Dec 2000	57	6,659	26.88	9.12	$62,279
Nov 2000	131	4,628	32.21	5.66	$30,405
Oct 2000	154	6,191	31.23	5.15	$36,665
Sep 2000	173	7,150	31.87	5.19	$42,597
Aug 2000	320	9,426	29.64	4.54	$52,286
Jul 2000	194	10,647	28.53	4.09	$49,078
Jun 2000	297	6,744	29.30	4.40	$38,357
May 2000	0	0	27.26	3.68	$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.

Mar 2012 — as filed, then multipliedworked

Condensate             0 bbl  × $105.05 =         $0
Gas                  203 Mcf  × $  2.22 =       $451

────────────────────────────────────────────────────
Month total                                     $451

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. 09/G/177644 is the state's own key, not one this site invented.