M.T. COLE

Operated by BKV BARNETT II, LLC (P-5 103758) 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 273496District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.1 M
Jul 2013 – May 2026
Value, last 12 filed months
$202 k
at the published price for each month
Months reported
155
no gaps in the span
Streams
2
condensate, gas

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112014-09-26211986
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition14,757 bbl$1,211,598
GasProduction1,985,445 Mcf$6,875,545
Total$8,087,143

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 33.2646, -97.3765. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.26463, -97.37652 · centre of the wells drawn, derived

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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,179 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
00.0%
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.
1100.0%

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 8,179 ft.

Completions filed
Jul 2013
1 of 1 wells

1 well

42-12134356315H8,179 ftJul 2013

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 (155)

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

155 months

May 202604,029106.413.05$12,272
Apr 202604,14398.932.87$11,889
Mar 202604,75389.753.15$14,969
Feb 202604,19263.503.75$15,721
Jan 202604,38259.138.00$35,047
Dec 202505,10656.664.41$22,535
Nov 2025384,90858.593.93$21,497
Oct 202504,34859.383.30$14,369
Sep 202503,35262.743.08$10,314
Aug 202504,25263.933.01$12,819
Jul 2025384,26066.743.32$16,659
Jun 202504,50566.483.13$14,095
May 202504,98960.553.23$16,126
Apr 202504,92662.363.54$17,453
Mar 202506,17567.704.27$26,357
Feb 202507,07570.884.34$30,711
Jan 202507,73374.324.28$33,087
Dec 2024398,44068.993.12$29,035
Nov 202408,24169.052.20$18,117
Oct 202408,59371.372.28$19,604
Sep 202407,66369.612.36$18,118
Aug 202408,94775.632.06$18,463
Jul 202409,05679.932.15$19,440
Jun 202408,18778.082.63$21,564
May 202407,38978.812.20$16,244
Apr 2024386,14184.451.66$13,398
Mar 202407,49580.301.55$11,581
Feb 2024376,56176.091.78$14,518
Jan 202408,29673.023.30$27,357
Dec 202308,30971.262.61$21,692
Nov 2023378,27877.892.81$26,123
Oct 202308,57885.443.09$26,483
Sep 202308,72089.042.74$23,850
Aug 202309,03380.522.67$24,144
Jul 2023369,10174.852.64$26,738
Jun 202308,50468.962.26$19,206
May 202309,44770.622.23$21,042
Apr 202308,77978.122.24$19,645
Mar 2023010,05072.852.39$24,051
Feb 2023010,07975.112.47$24,852
Jan 2023010,56576.533.39$35,791
Dec 2022388,71676.415.73$52,838
Nov 2022367,18785.005.65$43,639
Oct 2022347,53687.185.86$47,153
Sep 202206,87184.888.16$56,093
Aug 202207,28494.529.13$66,482
Jul 202206,254101.587.54$47,168
Jun 202205,530115.097.98$44,114
May 202203,627109.378.43$30,587
Apr 202242,272104.226.84$15,952
Mar 202239384108.885.08$6,196
Feb 2022019791.054.86$957
Jan 2022241,37081.844.54$8,181
Dec 202102,59971.323.90$10,134
Nov 2021236,40077.435.24$35,297
Oct 2021247,10779.795.71$42,523
Sep 202109,19469.865.35$49,196
Aug 2021239,63666.024.22$42,188
Jul 2021239,98070.783.98$41,369
Jun 202109,35369.493.38$31,619
May 2021478,31963.483.02$28,088
Apr 202108,24460.362.76$22,740
Mar 2021248,96661.302.72$25,831
Feb 2021235,75757.805.55$33,269
Jan 2021248,48150.412.81$25,044
Dec 2020238,95244.642.68$24,977
Nov 2020257,10938.772.71$20,210
Oct 2020247,44336.972.48$19,334
Sep 2020237,31137.091.99$15,410
Aug 2020238,49339.982.39$21,176
Jul 2020248,69338.371.83$16,787
Jun 2020257,34534.901.69$13,288
May 2020287,85316.921.81$14,725
Apr 2020328,07414.751.80$15,041
Mar 2020688,88030.341.86$18,546
Feb 2020377,12749.881.98$15,962
Jan 2020877,49857.252.09$20,687
Dec 2019447,77059.012.30$20,501
Nov 2019399,01755.302.75$26,960
Oct 2019289,34453.472.42$24,096
Sep 2019272,44955.052.66$7,994
Aug 2019258,85153.112.30$21,724
Jul 2019248,44456.272.46$22,123
Jun 2019509,73552.782.49$26,891
May 20192511,40658.482.74$32,718
Apr 20192710,69162.632.75$31,099
Mar 2019255,17856.803.06$17,276
Feb 2019476,39950.852.79$20,257
Jan 20195011,23246.033.23$38,560
Dec 20185010,47646.594.19$46,176
Nov 2018769,26752.934.24$43,289
Oct 201809,80561.443.40$33,318
Sep 2018469,07259.543.11$30,935
Aug 2018459,86459.403.07$32,922
Jul 2018010,30665.142.93$30,216
Jun 2018196,84160.183.08$22,193
May 20181811,25865.382.90$33,834
Apr 20183011,17563.842.90$34,332
Mar 20181210,24561.222.79$29,286
Feb 2018210,07561.782.77$27,992
Jan 2018511,86962.874.01$47,901
Dec 20172012,12657.272.92$36,572
Nov 20173912,29855.423.12$40,511
Oct 20174811,56849.292.98$36,881
Sep 20174611,89047.523.09$38,894
Aug 20171912,56045.373.00$38,597
Jul 20175611,55043.873.09$38,115
Jun 20175611,36342.493.09$37,460
May 20174211,21545.373.26$38,505
Apr 20173311,93447.933.21$39,909
Mar 20175011,77046.772.98$37,456
Feb 20174214,37550.452.95$44,563
Jan 2017916,97849.413.42$58,489
Dec 20163714,80048.763.72$56,902
Nov 20161914,16642.492.64$38,267
Oct 201611013,53346.193.09$46,901
Sep 20163717,43641.553.10$55,600
Aug 20169116,40641.442.92$51,748
Jul 20166917,28241.622.92$53,410
Jun 20166217,49345.352.69$49,795
May 20166019,43742.521.99$41,251
Apr 20163717,31636.561.99$35,830
Mar 2016718,58033.011.79$33,564
Feb 2016418,02026.472.06$37,292
Jan 201613923,01227.352.36$58,210
Dec 201537016,13932.362.00$44,274
Nov 2015999,79938.792.17$25,078
Oct 20158716,07243.552.43$42,789
Sep 20157814,41242.992.76$43,108
Aug 2015016,60740.162.87$47,703
Jul 20153813,79348.152.95$42,451
Jun 2015374,34456.152.88$14,601
May 20151165155.212.96$2,531
Apr 20150049.822.71$0
Mar 201513916,02342.892.93$52,985
Feb 201519123,02344.662.98$77,051
Jan 201522525,33043.433.10$88,311
Dec 201421627,49554.693.59$110,557
Nov 201426327,21570.464.25$134,245
Oct 201422831,25078.303.90$139,757
Sep 201434034,20786.164.05$167,677
Aug 201432633,94889.394.04$166,125
Jul 201420733,30196.564.18$159,173
Jun 20144214,88598.164.74$74,631
May 2014192,01194.734.73$11,305
Apr 201438033,08795.944.81$195,577
Mar 201452436,56795.895.06$235,158
Feb 201467535,83297.406.19$287,617
Jan 201480845,46690.404.86$294,041
Dec 201378947,05891.824.35$277,359
Nov 201383846,76888.853.74$249,288
Oct 20131,04653,61597.423.78$304,532
Sep 201364265,901104.113.72$311,841
Aug 20131,54289,682104.253.52$476,668
Jul 20131,68359,465102.523.72$393,617

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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                4,029 Mcf  × $  3.05 =    $12,272

────────────────────────────────────────────────────
Month total                                  $12,272

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/273496 is the state's own key, not one this site invented.