COLE, M. T.

Name: COLE, M. T. lease production and value, Mar 2004 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BEDROCK PRODUCTION, LLC (P-5 61620) 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 202488District 09Field 652802002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.1 M

Mar 2004 – May 2022

Value, last 12 filed months

$12 k

at the published price for each month

Months reported

219

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	2004-10-21	158293
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	6,820 bbl	$394,278
Gas	Production	464,744 Mcf	$2,663,169
Total			$3,057,447

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 33.2723, -97.3988. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.27226, -97.39875 · 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

8,230 ft

1 wells filed one

Completion to plug

17.5 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 8,230 ft.

Completions filed

Mar 2004

1 of 1 wells

Plug dates filed

Sep 2021

1 of 1 wells

Last completion to plug: a median of 17.5 years across the 1 well that filed both dates, with the middle half between 17.5 years and 17.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-49735462	8A	8,230 ft	Mar 2004	Sep 2021	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 (219)

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

219 months


May 2022	0	0	109.37	8.43	$0
Apr 2022	0	0	104.22	6.84	$0
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	0	91.05	4.86	$0
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	0	71.32	3.90	$0
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	762	66.02	4.22	$3,216
Jul 2021	0	1,170	70.78	3.98	$4,659
Jun 2021	0	1,133	69.49	3.38	$3,830
May 2021	0	1,076	63.48	3.02	$3,247
Apr 2021	0	1,048	60.36	2.76	$2,891
Mar 2021	0	1,032	61.30	2.72	$2,804
Feb 2021	0	985	57.80	5.55	$5,465
Jan 2021	0	1,176	50.41	2.81	$3,305
Dec 2020	0	1,309	44.64	2.68	$3,502
Nov 2020	0	1,159	38.77	2.71	$3,137
Oct 2020	0	1,240	36.97	2.48	$3,073
Sep 2020	0	1,198	37.09	1.99	$2,385
Aug 2020	0	1,403	39.98	2.39	$3,346
Jul 2020	0	1,311	38.37	1.83	$2,393
Jun 2020	0	1,219	34.90	1.69	$2,060
May 2020	33	1,251	16.92	1.81	$2,829
Apr 2020	104	1,193	14.75	1.80	$3,687
Mar 2020	0	1,218	30.34	1.86	$2,261
Feb 2020	0	1,157	49.88	1.98	$2,292
Jan 2020	0	1,226	57.25	2.09	$2,568
Dec 2019	0	1,198	59.01	2.30	$2,761
Nov 2019	0	1,332	55.30	2.75	$3,664
Oct 2019	0	1,256	53.47	2.42	$3,038
Sep 2019	0	1,215	55.05	2.66	$3,229
Aug 2019	0	1,204	53.11	2.30	$2,774
Jul 2019	0	1,189	56.27	2.46	$2,925
Jun 2019	0	1,171	52.78	2.49	$2,917
May 2019	0	1,193	58.48	2.74	$3,269
Apr 2019	0	1,145	62.63	2.75	$3,150
Mar 2019	0	1,196	56.80	3.06	$3,662
Feb 2019	0	1,086	50.85	2.79	$3,032
Jan 2019	0	1,192	46.03	3.23	$3,848
Dec 2018	141	1,203	46.59	4.19	$11,604
Nov 2018	0	1,222	52.93	4.24	$5,178
Oct 2018	0	1,225	61.44	3.40	$4,163
Sep 2018	0	1,195	59.54	3.11	$3,714
Aug 2018	0	1,238	59.40	3.07	$3,796
Jul 2018	0	1,186	65.14	2.93	$3,477
Jun 2018	0	1,242	60.18	3.08	$3,822
May 2018	0	1,224	65.38	2.90	$3,551
Apr 2018	0	1,109	63.84	2.90	$3,217
Mar 2018	0	1,198	61.22	2.79	$3,339
Feb 2018	0	1,015	61.78	2.77	$2,808
Jan 2018	0	1,371	62.87	4.01	$5,497
Dec 2017	0	1,374	57.27	2.92	$4,014
Nov 2017	0	993	55.42	3.12	$3,097
Oct 2017	0	962	49.29	2.98	$2,870
Sep 2017	119	938	47.52	3.09	$8,551
Aug 2017	0	842	45.37	3.00	$2,530
Jul 2017	0	1,026	43.87	3.09	$3,168
Jun 2017	0	981	42.49	3.09	$3,029
May 2017	0	995	45.37	3.26	$3,247
Apr 2017	0	895	47.93	3.21	$2,874
Mar 2017	0	863	46.77	2.98	$2,575
Feb 2017	0	767	50.45	2.95	$2,265
Jan 2017	0	280	49.41	3.42	$957
Dec 2016	0	732	48.76	3.72	$2,725
Nov 2016	0	1,028	42.49	2.64	$2,718
Oct 2016	0	1,045	46.19	3.09	$3,229
Sep 2016	0	1,078	41.55	3.10	$3,342
Aug 2016	0	1,057	41.44	2.92	$3,091
Jul 2016	0	1,026	41.62	2.92	$3,000
Jun 2016	0	1,024	45.35	2.69	$2,750
May 2016	87	961	42.52	1.99	$5,613
Apr 2016	0	924	36.56	1.99	$1,840
Mar 2016	0	929	33.01	1.79	$1,667
Feb 2016	0	915	26.47	2.06	$1,888
Jan 2016	0	1,109	27.35	2.36	$2,622
Dec 2015	0	1,058	32.36	2.00	$2,117
Nov 2015	0	1,059	38.79	2.17	$2,295
Oct 2015	0	1,138	43.55	2.43	$2,761
Sep 2015	0	1,030	42.99	2.76	$2,841
Aug 2015	0	1,113	40.16	2.87	$3,197
Jul 2015	0	991	48.15	2.95	$2,919
Jun 2015	0	802	56.15	2.88	$2,312
May 2015	0	936	55.21	2.96	$2,766
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	82	760	42.89	2.93	$5,747
Feb 2015	0	1,531	44.66	2.98	$4,557
Jan 2015	0	1,632	43.43	3.10	$5,060
Dec 2014	0	1,476	54.69	3.59	$5,301
Nov 2014	0	1,465	70.46	4.25	$6,229
Oct 2014	0	1,024	78.30	3.90	$3,995
Sep 2014	0	472	86.16	4.05	$1,909
Aug 2014	0	669	89.39	4.04	$2,700
Jul 2014	80	858	96.56	4.18	$11,311
Jun 2014	0	1,072	98.16	4.74	$5,078
May 2014	0	870	94.73	4.73	$4,112
Apr 2014	0	944	95.94	4.81	$4,540
Mar 2014	0	1,115	95.89	5.06	$5,638
Feb 2014	0	1,018	97.40	6.19	$6,303
Jan 2014	0	854	90.40	4.86	$4,151
Dec 2013	86	938	91.82	4.35	$11,981
Nov 2013	0	603	88.85	3.74	$2,254
Oct 2013	0	3,334	97.42	3.78	$12,600
Sep 2013	0	744	104.11	3.72	$2,766
Aug 2013	0	831	104.25	3.52	$2,927
Jul 2013	0	897	102.52	3.72	$3,335
Jun 2013	0	1,447	94.40	3.93	$5,692
May 2013	86	2,318	94.83	4.15	$17,773
Apr 2013	0	1,181	93.96	4.28	$5,058
Mar 2013	0	2,484	93.62	3.91	$9,720
Feb 2013	85	5,749	91.23	3.42	$27,416
Jan 2013	85	2,370	91.60	3.42	$15,891
Dec 2012	0	1,972	86.77	3.42	$6,745
Nov 2012	0	2,974	86.95	3.62	$10,781
Oct 2012	0	429	89.38	3.40	$1,458
Sep 2012	0	5,942	94.67	2.92	$17,341
Aug 2012	0	3,712	92.66	2.91	$10,795
Jul 2012	0	3,495	85.13	3.02	$10,558
Jun 2012	0	2,897	79.82	2.52	$7,298
May 2012	0	2,629	91.61	2.49	$6,542
Apr 2012	81	2,281	101.65	2.00	$12,788
Mar 2012	0	1,252	105.05	2.22	$2,782
Feb 2012	0	370	101.10	2.57	$951
Jan 2012	0	855	98.09	2.73	$2,338
Dec 2011	3	2,014	96.87	3.24	$6,815
Nov 2011	3	1,901	95.72	3.31	$6,582
Oct 2011	0	1,620	84.98	3.65	$5,911
Sep 2011	23	1,275	83.62	3.99	$7,005
Aug 2011	0	2,051	83.40	4.15	$8,510
Jul 2011	0	1,712	94.14	4.52	$7,734
Jun 2011	3	1,398	92.90	4.64	$6,765
May 2011	0	904	98.13	4.40	$3,982
Apr 2011	0	863	105.96	4.33	$3,740
Mar 2011	70	0	96.36	4.06	$6,745
Feb 2011	0	876	85.64	4.18	$3,662
Jan 2011	0	1,614	86.50	4.59	$7,406
Dec 2010	0	323	85.73	4.35	$1,404
Nov 2010	0	1,156	80.84	3.80	$4,387
Oct 2010	102	1,724	78.10	3.51	$14,016
Sep 2010	0	1,530	72.63	3.98	$6,089
Aug 2010	0	1,742	73.68	4.42	$7,699
Jul 2010	0	1,945	72.55	4.74	$9,212
Jun 2010	0	1,957	70.36	4.91	$9,610
May 2010	0	2,482	71.12	4.24	$10,512
Apr 2010	57	1,839	81.69	4.12	$12,238
Mar 2010	0	424	78.39	4.39	$1,861
Feb 2010	0	1,423	73.58	5.44	$7,744
Jan 2010	0	1,151	74.36	5.96	$6,865
Dec 2009	87	1,679	71.44	5.48	$15,423
Nov 2009	0	1,707	74.59	3.75	$6,404
Oct 2009	0	1,074	72.54	4.11	$4,414
Sep 2009	90	2,221	65.54	3.06	$12,705
Aug 2009	0	2,005	67.42	3.22	$6,453
Jul 2009	0	1,859	61.13	3.46	$6,441
Jun 2009	95	2,026	66.16	3.90	$14,176
May 2009	0	2,335	54.74	3.93	$9,167
Apr 2009	0	2,458	46.77	3.59	$8,818
Mar 2009	0	2,150	42.14	4.06	$8,727
Feb 2009	109	2,220	32.81	4.63	$13,862
Jan 2009	0	3,083	35.86	5.37	$16,559
Dec 2008	113	3,074	37.10	5.98	$22,566
Nov 2008	0	2,610	55.49	6.86	$17,906
Oct 2008	0	2,141	75.24	6.92	$14,820
Sep 2008	129	3,246	101.76	7.88	$38,696
Aug 2008	0	3,475	114.22	8.48	$29,478
Jul 2008	0	3,289	131.08	11.39	$37,460
Jun 2008	0	2,329	131.33	13.03	$30,353
May 2008	136	2,401	123.17	11.57	$44,541
Apr 2008	0	2,322	110.31	10.45	$24,276
Mar 2008	130	2,787	101.90	9.66	$40,181
Feb 2008	130	2,731	92.53	8.77	$35,981
Jan 2008	0	2,784	90.38	8.21	$22,845
Dec 2007	133	3,398	88.33	7.30	$36,560
Nov 2007	0	2,369	91.67	7.29	$17,274
Oct 2007	108	2,504	82.85	6.92	$26,280
Sep 2007	0	2,186	75.84	6.24	$13,650
Aug 2007	0	3,399	69.06	6.39	$21,713
Jul 2007	127	3,789	70.90	6.39	$33,208
Jun 2007	101	3,740	62.00	7.55	$34,493
May 2007	0	2,812	58.74	7.85	$22,064
Apr 2007	0	3,032	59.61	7.81	$23,665
Mar 2007	102	1,624	56.92	7.30	$17,664
Feb 2007	124	1,838	55.10	8.22	$21,933
Jan 2007	1	2,492	50.30	6.73	$16,814
Dec 2006	0	2,241	56.65	6.92	$15,504
Nov 2006	153	2,381	54.20	7.62	$26,430
Oct 2006	0	2,843	54.90	6.01	$17,097
Sep 2006	7	2,582	60.08	5.04	$13,427
Aug 2006	0	2,665	68.71	7.34	$19,561
Jul 2006	261	2,903	69.37	6.34	$36,519
Jun 2006	0	2,964	66.28	6.38	$18,922
May 2006	0	3,165	66.01	6.42	$20,335
Apr 2006	0	1,103	64.39	7.36	$8,119
Mar 2006	158	3,391	56.70	7.08	$32,977
Feb 2006	0	3,190	57.59	7.75	$24,726
Jan 2006	0	4,560	60.59	8.93	$40,736
Dec 2005	132	4,460	54.94	13.42	$67,085
Nov 2005	0	5,895	54.69	10.59	$62,419
Oct 2005	99	10,751	58.34	13.80	$154,094
Sep 2005	0	9,244	61.45	12.08	$111,658
Aug 2005	145	5,405	61.51	9.80	$61,871
Jul 2005	0	429	55.69	7.84	$3,365
Jun 2005	165	1,998	52.33	7.38	$23,382
May 2005	137	3,745	45.22	6.65	$31,104
Apr 2005	0	5,428	49.20	7.36	$39,953
Mar 2005	186	5,543	50.37	7.15	$49,028
Feb 2005	0	8,076	45.22	6.31	$50,975
Jan 2005	194	2,536	43.16	6.32	$24,406
Dec 2004	0	4,751	39.86	6.75	$32,074
Nov 2004	183	6,163	45.28	6.33	$47,301
Oct 2004	0	6,835	49.70	6.52	$44,531
Sep 2004	141	5,992	43.24	5.28	$37,758
Aug 2004	309	9,478	42.37	5.55	$65,701
Jul 2004	368	10,171	38.28	6.08	$75,969
Jun 2004	282	10,025	36.10	6.43	$74,671
May 2004	520	9,951	37.48	6.49	$84,117
Apr 2004	335	13,734	34.47	5.86	$92,008
Mar 2004	0	14,627	34.36	5.53	$80,889

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.

Aug 2021 — as filed, then multipliedworked

Condensate             0 bbl  × $ 66.02 =         $0
Gas                  762 Mcf  × $  4.22 =     $3,216

────────────────────────────────────────────────────
Month total                                   $3,216

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/202488 is the state's own key, not one this site invented.