COLE TRUST

Name: COLE TRUST lease production and value, Mar 2001 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BEST PETROLEUM EXPLORATIONS,INC. (P-5 68287) 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 181740District 09Field 652802002 tax incentive programmesCondensateGasSave Export

Value, all time

$4.7 M

Mar 2001 – Sep 2020

Value, last 12 filed months

$8 k

at the published price for each month

Months reported

235

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	2009-07-10	192885
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 bbl	$487
Gas	Production	960,083 Mcf	$4,710,394
Total			$4,710,881

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 33.0340, -97.3730. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.03401, -97.37295 · 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

8,000 ft

1 wells filed one

Completion to plug

19.5 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 8,000 ft.

Completions filed

Mar 2001

1 of 1 wells

Plug dates filed

Sep 2020

1 of 1 wells

Last completion to plug: a median of 19.5 years across the 1 well that filed both dates, with the middle half between 19.5 years and 19.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-12130479	1	8,000 ft	Mar 2001	Sep 2020	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 (235)

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

235 months


Sep 2020	0	300	37.09	1.99	$597
Aug 2020	0	904	39.98	2.39	$2,156
Jul 2020	0	777	38.37	1.83	$1,418
Jun 2020	0	74	34.90	1.69	$125
May 2020	0	620	16.92	1.81	$1,125
Apr 2020	0	356	14.75	1.80	$642
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	8	49.88	1.98	$16
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	125	55.30	2.75	$344
Oct 2019	0	775	53.47	2.42	$1,874
Sep 2019	0	850	55.05	2.66	$2,259
Aug 2019	0	930	53.11	2.30	$2,143
Jul 2019	0	921	56.27	2.46	$2,266
Jun 2019	0	888	52.78	2.49	$2,212
May 2019	0	929	58.48	2.74	$2,546
Apr 2019	0	900	62.63	2.75	$2,476
Mar 2019	0	900	56.80	3.06	$2,756
Feb 2019	0	840	50.85	2.79	$2,345
Jan 2019	0	930	46.03	3.23	$3,002
Dec 2018	0	927	46.59	4.19	$3,880
Nov 2018	0	900	52.93	4.24	$3,814
Oct 2018	0	930	61.44	3.40	$3,160
Sep 2018	0	898	59.54	3.11	$2,791
Aug 2018	0	900	59.40	3.07	$2,760
Jul 2018	0	930	65.14	2.93	$2,727
Jun 2018	0	900	60.18	3.08	$2,769
May 2018	0	930	65.38	2.90	$2,698
Apr 2018	0	948	63.84	2.90	$2,750
Mar 2018	0	1,001	61.22	2.79	$2,790
Feb 2018	0	924	61.78	2.77	$2,556
Jan 2018	0	1,025	62.87	4.01	$4,110
Dec 2017	0	1,013	57.27	2.92	$2,960
Nov 2017	0	960	55.42	3.12	$2,994
Oct 2017	0	992	49.29	2.98	$2,960
Sep 2017	0	987	47.52	3.09	$3,047
Aug 2017	0	1,020	45.37	3.00	$3,064
Jul 2017	0	1,023	43.87	3.09	$3,158
Jun 2017	0	990	42.49	3.09	$3,056
May 2017	0	1,023	45.37	3.26	$3,338
Apr 2017	0	991	47.93	3.21	$3,183
Mar 2017	0	989	46.77	2.98	$2,951
Feb 2017	0	931	50.45	2.95	$2,749
Jan 2017	0	1,025	49.41	3.42	$3,504
Dec 2016	0	1,089	48.76	3.72	$4,054
Nov 2016	0	1,105	42.49	2.64	$2,922
Oct 2016	0	1,322	46.19	3.09	$4,085
Sep 2016	0	1,547	41.55	3.10	$4,797
Aug 2016	0	134	41.44	2.92	$392
Jul 2016	0	564	41.62	2.92	$1,649
Jun 2016	0	17	45.35	2.69	$46
May 2016	0	724	42.52	1.99	$1,442
Apr 2016	0	1,203	36.56	1.99	$2,395
Mar 2016	0	1,271	33.01	1.79	$2,280
Feb 2016	0	1,186	26.47	2.06	$2,447
Jan 2016	0	1,183	27.35	2.36	$2,797
Dec 2015	0	1,337	32.36	2.00	$2,676
Nov 2015	0	1,370	38.79	2.17	$2,969
Oct 2015	0	1,414	43.55	2.43	$3,431
Sep 2015	0	1,416	42.99	2.76	$3,906
Aug 2015	0	1,563	40.16	2.87	$4,490
Jul 2015	0	1,616	48.15	2.95	$4,759
Jun 2015	0	1,073	56.15	2.88	$3,093
May 2015	0	1,145	55.21	2.96	$3,384
Apr 2015	0	1,131	49.82	2.71	$3,061
Mar 2015	0	1,179	42.89	2.93	$3,460
Feb 2015	0	1,078	44.66	2.98	$3,208
Jan 2015	0	1,222	43.43	3.10	$3,789
Dec 2014	0	1,224	54.69	3.59	$4,396
Nov 2014	0	1,197	70.46	4.25	$5,089
Oct 2014	0	1,260	78.30	3.90	$4,915
Sep 2014	0	1,178	86.16	4.05	$4,766
Aug 2014	0	1,261	89.39	4.04	$5,088
Jul 2014	0	1,263	96.56	4.18	$5,279
Jun 2014	0	1,269	98.16	4.74	$6,011
May 2014	0	1,327	94.73	4.73	$6,272
Apr 2014	0	1,287	95.94	4.81	$6,189
Mar 2014	0	1,280	95.89	5.06	$6,473
Feb 2014	0	1,207	97.40	6.19	$7,474
Jan 2014	0	1,470	90.40	4.86	$7,145
Dec 2013	0	1,381	91.82	4.35	$6,014
Nov 2013	0	1,388	88.85	3.74	$5,189
Oct 2013	0	1,380	97.42	3.78	$5,216
Sep 2013	0	1,310	104.11	3.72	$4,870
Aug 2013	0	1,524	104.25	3.52	$5,368
Jul 2013	0	1,582	102.52	3.72	$5,881
Jun 2013	0	1,609	94.40	3.93	$6,329
May 2013	0	1,731	94.83	4.15	$7,182
Apr 2013	0	3,771	93.96	4.28	$16,150
Mar 2013	0	2,289	93.62	3.91	$8,957
Feb 2013	0	2,211	91.23	3.42	$7,561
Jan 2013	0	1,811	91.60	3.42	$6,193
Dec 2012	0	2,148	86.77	3.42	$7,347
Nov 2012	0	2,007	86.95	3.62	$7,275
Oct 2012	0	2,422	89.38	3.40	$8,234
Sep 2012	0	2,414	94.67	2.92	$7,045
Aug 2012	0	2,805	92.66	2.91	$8,157
Jul 2012	0	3,063	85.13	3.02	$9,253
Jun 2012	0	2,661	79.82	2.52	$6,703
May 2012	0	3,997	91.61	2.49	$9,946
Apr 2012	0	3,933	101.65	2.00	$7,853
Mar 2012	0	4,373	105.05	2.22	$9,717
Feb 2012	0	3,988	101.10	2.57	$10,250
Jan 2012	0	4,259	98.09	2.73	$11,644
Dec 2011	0	4,201	96.87	3.24	$13,610
Nov 2011	0	4,095	95.72	3.31	$13,560
Oct 2011	0	4,436	84.98	3.65	$16,185
Sep 2011	0	4,271	83.62	3.99	$17,023
Aug 2011	0	4,294	83.40	4.15	$17,817
Jul 2011	0	4,350	94.14	4.52	$19,650
Jun 2011	0	4,425	92.90	4.64	$20,531
May 2011	0	4,274	98.13	4.40	$18,826
Apr 2011	0	3,832	105.96	4.33	$16,605
Mar 2011	0	4,242	96.36	4.06	$17,211
Feb 2011	0	4,292	85.64	4.18	$17,940
Jan 2011	0	4,547	86.50	4.59	$20,865
Dec 2010	0	4,983	85.73	4.35	$21,665
Nov 2010	0	5,110	80.84	3.80	$19,394
Oct 2010	0	5,530	78.10	3.51	$19,404
Sep 2010	0	5,550	72.63	3.98	$22,086
Aug 2010	0	6,463	73.68	4.42	$28,562
Jul 2010	0	8,735	72.55	4.74	$41,373
Jun 2010	0	13,266	70.36	4.91	$65,141
May 2010	0	15,293	71.12	4.24	$64,769
Apr 2010	0	12,557	81.69	4.12	$51,769
Mar 2010	1	3,843	78.39	4.39	$16,944
Feb 2010	0	3,306	73.58	5.44	$17,992
Jan 2010	0	3,867	74.36	5.96	$23,063
Dec 2009	1	3,999	71.44	5.48	$22,001
Nov 2009	0	3,680	74.59	3.75	$13,806
Oct 2009	0	3,955	72.54	4.11	$16,256
Sep 2009	0	3,762	65.54	3.06	$11,530
Aug 2009	0	4,506	67.42	3.22	$14,503
Jul 2009	0	4,104	61.13	3.46	$14,218
Jun 2009	0	3,867	66.16	3.90	$15,062
May 2009	0	4,099	54.74	3.93	$16,092
Apr 2009	0	3,987	46.77	3.59	$14,303
Mar 2009	0	4,095	42.14	4.06	$16,622
Feb 2009	0	3,627	32.81	4.63	$16,804
Jan 2009	0	3,542	35.86	5.37	$19,024
Dec 2008	0	3,562	37.10	5.98	$21,291
Nov 2008	0	4,366	55.49	6.86	$29,952
Oct 2008	0	4,774	75.24	6.92	$33,046
Sep 2008	0	4,401	101.76	7.88	$34,667
Aug 2008	0	4,477	114.22	8.48	$37,978
Jul 2008	0	3,673	131.08	11.39	$41,833
Jun 2008	0	2,839	131.33	13.03	$37,000
May 2008	0	3,353	123.17	11.57	$38,809
Apr 2008	0	4,063	110.31	10.45	$42,478
Mar 2008	0	4,165	101.90	9.66	$40,251
Feb 2008	0	3,873	92.53	8.77	$33,968
Jan 2008	0	4,399	90.38	8.21	$36,097
Dec 2007	0	4,672	88.33	7.30	$34,115
Nov 2007	0	2,277	91.67	7.29	$16,603
Oct 2007	0	1,810	82.85	6.92	$12,529
Sep 2007	0	1,834	75.84	6.24	$11,452
Aug 2007	0	1,658	69.06	6.39	$10,591
Jul 2007	0	2,552	70.90	6.39	$16,302
Jun 2007	0	2,676	62.00	7.55	$20,200
May 2007	0	2,514	58.74	7.85	$19,726
Apr 2007	0	3,155	59.61	7.81	$24,625
Mar 2007	0	3,497	56.92	7.30	$25,535
Feb 2007	0	3,769	55.10	8.22	$30,966
Jan 2007	0	4,172	50.30	6.73	$28,064
Dec 2006	0	4,070	56.65	6.92	$28,158
Nov 2006	0	3,687	54.20	7.62	$28,086
Oct 2006	0	3,643	54.90	6.01	$21,908
Sep 2006	0	3,652	60.08	5.04	$18,396
Aug 2006	0	3,523	68.71	7.34	$25,859
Jul 2006	0	3,665	69.37	6.34	$23,246
Jun 2006	0	3,951	66.28	6.38	$25,223
May 2006	0	3,145	66.01	6.42	$20,207
Apr 2006	0	3,820	64.39	7.36	$28,117
Mar 2006	0	4,262	56.70	7.08	$30,187
Feb 2006	0	3,637	57.59	7.75	$28,191
Jan 2006	0	4,700	60.59	8.93	$41,987
Dec 2005	0	4,455	54.94	13.42	$59,766
Nov 2005	0	3,155	54.69	10.59	$33,406
Oct 2005	0	3,241	58.34	13.80	$44,712
Sep 2005	0	4,406	61.45	12.08	$53,220
Aug 2005	5	4,541	61.51	9.80	$44,795
Jul 2005	0	4,776	55.69	7.84	$37,461
Jun 2005	0	5,061	52.33	7.38	$37,355
May 2005	0	5,278	45.22	6.65	$35,105
Apr 2005	0	5,378	49.20	7.36	$39,585
Mar 2005	0	5,436	50.37	7.15	$38,894
Feb 2005	0	5,611	45.22	6.31	$35,416
Jan 2005	0	8,439	43.16	6.32	$53,353
Dec 2004	0	6,137	39.86	6.75	$41,431
Nov 2004	0	5,637	45.28	6.33	$35,685
Oct 2004	0	5,216	49.70	6.52	$33,983
Sep 2004	0	5,683	43.24	5.28	$30,028
Aug 2004	0	5,317	42.37	5.55	$29,513
Jul 2004	0	6,643	38.28	6.08	$40,417
Jun 2004	0	5,234	36.10	6.43	$33,670
May 2004	0	6,346	37.48	6.49	$41,215
Apr 2004	0	5,693	34.47	5.86	$33,352
Mar 2004	0	5,817	34.36	5.53	$32,169
Feb 2004	0	13,815	32.45	5.51	$76,115
Jan 2004	0	10,142	32.03	6.30	$63,891
Dec 2003	0	11,632	30.26	6.30	$73,301
Nov 2003	0	8,740	28.80	4.60	$40,162
Oct 2003	0	6,898	28.17	4.76	$32,832
Sep 2003	0	6,057	26.31	4.75	$28,767
Aug 2003	1	10,937	29.76	5.13	$56,134
Jul 2003	0	4,232	29.41	5.17	$21,883
Jun 2003	0	5,492	28.56	5.98	$32,858
May 2003	0	5,371	26.59	5.97	$32,079
Apr 2003	0	5,951	26.67	5.41	$32,179
Mar 2003	0	7,318	31.14	6.10	$44,611
Feb 2003	0	5,075	33.48	7.93	$40,224
Jan 2003	0	4,849	30.31	5.58	$27,067
Dec 2002	0	5,315	26.91	4.85	$25,798
Nov 2002	0	5,377	24.66	4.14	$22,244
Oct 2002	0	6,053	26.46	4.23	$25,599
Sep 2002	0	5,833	27.44	3.64	$21,204
Aug 2002	0	6,606	25.96	3.16	$20,902
Jul 2002	0	8,239	24.58	3.06	$25,226
Jun 2002	0	8,422	23.73	3.34	$28,115
May 2002	0	5,974	24.66	3.58	$21,411
Apr 2002	0	9,247	23.65	3.51	$32,478
Mar 2002	0	11,803	22.00	3.10	$36,621
Feb 2002	0	11,347	18.22	2.38	$26,957
Jan 2002	0	10,676	17.17	2.38	$25,363
Dec 2001	0	13,711	16.93	2.36	$32,418
Nov 2001	0	10,748	18.07	2.41	$25,855
Oct 2001	0	15,025	19.78	2.53	$37,996
Sep 2001	0	13,547	24.26	2.25	$30,499
Aug 2001	0	19,387	24.87	3.05	$59,192
Jul 2001	0	19,785	23.93	3.20	$63,254
Jun 2001	0	18,632	24.56	3.82	$71,252
May 2001	0	25,847	25.52	4.31	$111,331
Apr 2001	0	30,709	24.68	5.34	$163,842
Mar 2001	0	21,167	24.54	5.38	$113,803

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 2020 — as filed, then multipliedworked

Condensate             0 bbl  × $ 37.09 =         $0
Gas                  300 Mcf  × $  1.99 =       $597

────────────────────────────────────────────────────
Month total                                     $597

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/181740 is the state's own key, not one this site invented.