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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 275208District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.7 M
Sep 2014 – May 2026
Value, last 12 filed months
$166 k
at the published price for each month
Months reported
141
no gaps in the span
Streams
2
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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112015-03-11214806
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
CondensateDisposition8,808 bbl$503,753
GasProduction1,337,255 Mcf$4,187,537
Total$4,691,291

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 33.2933, -97.3855. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.29330, -97.38554 · 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
8,068 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 8,068 ft.

Completions filed
Sep 2014
1 of 1 wells

1 well

42-12134468507 H8,068 ftSep 2014——

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 (141)

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

141 months

May 20260309106.413.05$941
Apr 2026018598.932.87$531
Mar 20260389.753.15$9
Feb 2026066563.503.75$2,494
Jan 202602,19359.138.00$17,539
Dec 202503,02156.664.41$13,333
Nov 2025585,61358.593.93$25,437
Oct 202507,53859.383.30$24,912
Sep 202506,30562.743.08$19,400
Aug 2025475,97463.933.01$21,015
Jul 202506,32366.743.32$20,962
Jun 202506,28766.483.13$19,670
May 202506,66960.553.23$21,556
Apr 2025587,23762.363.54$29,258
Mar 202508,40367.704.27$35,867
Feb 202507,88270.884.34$34,215
Jan 2025628,07174.324.28$39,141
Dec 202408,26168.993.12$25,786
Nov 2024628,07769.052.20$22,038
Oct 202408,30171.372.28$18,938
Sep 2024598,39169.612.36$23,946
Aug 202408,63075.632.06$17,809
Jul 202408,30379.932.15$17,823
Jun 202406,77778.082.63$17,850
May 202406,87078.812.20$15,103
Apr 2024546,57384.451.66$15,466
Mar 202407,04480.301.55$10,884
Feb 202407,75476.091.78$13,830
Jan 202408,01773.023.30$26,437
Dec 2023616,30771.262.61$20,813
Nov 202305,67577.892.81$15,933
Oct 202305,56585.443.09$17,181
Sep 202305,02489.042.74$13,741
Aug 202305,67180.522.67$15,158
Jul 2023526,13974.852.64$20,110
Jun 2023606,45668.962.26$18,718
May 202306,34270.622.23$14,126
Apr 2023636,02678.122.24$18,406
Mar 202306,56072.852.39$15,699
Feb 202306,81675.112.47$16,806
Jan 2023657,90276.533.39$31,744
Dec 202205,20576.415.73$29,820
Nov 202205,17385.005.65$29,208
Oct 2022586,75787.185.86$44,678
Sep 202205,92484.888.16$48,362
Aug 202205,06494.529.13$46,220
Jul 202206,068101.587.54$45,765
Jun 2022605,051115.097.98$47,198
May 202205,532109.378.43$46,652
Apr 202205,995104.226.84$40,991
Mar 2022576,632108.885.08$39,873
Feb 202205,62991.054.86$27,350
Jan 2022585,60681.844.54$30,185
Dec 2021576,38971.323.90$28,977
Nov 202106,33577.435.24$33,175
Oct 202107,19379.795.71$41,100
Sep 202108,12869.865.35$43,492
Aug 202108,19866.024.22$34,600
Jul 2021578,02770.783.98$35,999
Jun 202107,88069.493.38$26,639
May 202108,23563.483.02$24,851
Apr 2021568,07260.362.76$25,646
Mar 202108,39361.302.72$22,803
Feb 202107,26957.805.55$40,328
Jan 2021587,56950.412.81$24,195
Dec 202007,60344.642.68$20,342
Nov 2020587,73138.772.71$23,173
Oct 2020577,84836.972.48$21,558
Sep 202007,88537.091.99$15,699
Aug 2020579,03339.982.39$23,823
Jul 202008,24638.371.83$15,050
Jun 2020618,14834.901.69$15,902
May 202008,56816.921.81$15,549
Apr 2020788,34414.751.80$16,206
Mar 2020888,74230.341.86$18,897
Feb 20201168,00249.881.98$21,635
Jan 202008,52857.252.09$17,864
Dec 20191248,60259.012.30$27,139
Nov 2019768,24655.302.75$26,885
Oct 2019738,29553.472.42$23,965
Sep 201908,20355.052.66$21,798
Aug 2019738,70653.112.30$23,939
Jul 2019739,33456.272.46$27,070
Jun 201909,23352.782.49$23,001
May 20197210,19958.482.74$32,159
Apr 20196910,46562.632.75$33,108
Mar 2019639,90756.803.06$33,915
Feb 2019628,30750.852.79$26,348
Jan 2019628,43146.033.23$30,071
Dec 20181207,93446.594.19$38,798
Nov 2018608,40052.934.24$38,769
Oct 2018608,54961.443.40$32,737
Sep 2018608,53059.543.11$30,084
Aug 201808,62359.403.07$26,443
Jul 2018608,62665.142.93$29,199
Jun 2018598,55660.183.08$29,877
May 2018608,96965.382.90$29,940
Apr 2018558,72563.842.90$28,821
Mar 2018979,42161.222.79$32,193
Feb 2018509,10261.782.77$28,266
Jan 20185010,20062.874.01$44,039
Dec 201715111,27457.272.92$41,585
Nov 20175011,06055.423.12$37,260
Oct 2017519,02049.292.98$29,427
Sep 20175210,10847.523.09$33,677
Aug 20176010,98745.373.00$35,732
Jul 201710811,05943.873.09$38,880
Jun 20173910,30042.493.09$33,456
May 20173011,16145.373.26$37,784
Apr 201713510,64047.933.21$40,642
Mar 20176511,84346.772.98$38,376
Feb 20177610,64550.452.95$35,265
Jan 201713112,77149.413.42$50,134
Dec 20163413,87248.763.72$53,301
Nov 20162411,51042.492.64$31,456
Oct 20166612,90946.193.09$42,941
Sep 20167313,28441.553.10$44,222
Aug 201612513,75141.442.92$45,393
Jul 20166712,32141.622.92$38,819
Jun 20163512,01845.352.69$33,866
May 201610414,07342.521.99$32,442
Apr 201621515,25636.561.99$38,236
Mar 20168516,43833.011.79$32,296
Feb 20163016,66226.472.06$35,178
Jan 2016518,70827.352.36$44,369
Dec 2015020,07432.362.00$40,176
Nov 20151717,82338.792.17$39,288
Oct 20154516,26043.552.43$41,416
Sep 201513919,86642.992.76$60,774
Aug 20156920,90940.162.87$62,832
Jul 20153921,13248.152.95$64,113
Jun 20159919,65556.152.88$62,221
May 201538421,49055.212.96$84,713
Apr 201532418,30449.822.71$65,683
Mar 201544619,20042.892.93$75,475
Feb 201513414,61644.662.98$49,484
Jan 201546415,44743.433.10$68,047
Dec 201417418,82754.693.59$77,131
Nov 201426719,64170.464.25$102,323
Oct 201452125,39678.303.90$139,863
Sep 201472024,22186.164.05$160,020

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                  309 Mcf  × $  3.05 =       $941

────────────────────────────────────────────────────
Month total                                     $941

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/275208 is the state's own key, not one this site invented.