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M.T. COLE (SA)

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 277852District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.2 M
May 2015 – May 2026
Value, last 12 filed months
$291 k
at the published price for each month
Months reported
133
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 Gas112015-11-05216984
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
CondensateDisposition5,245 bbl$270,993
GasProduction1,261,929 Mcf$3,967,737
Total$4,238,730

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 33.2846, -97.3977. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.28462, -97.39771 · 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
8,153 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 8,153 ft.

Completions filed
May 2015
1 of 1 wells

1 well

42-12134501311H8,153 ftMay 2015——

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 (133)

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

133 months

May 202607,399106.413.05$22,536
Apr 202606,79398.932.87$19,494
Mar 202607,26089.753.15$22,865
Feb 202607,03363.503.75$26,376
Jan 202606,36559.138.00$50,907
Dec 202506,05556.664.41$26,723
Nov 202506,06758.593.93$23,822
Oct 202506,43959.383.30$21,280
Sep 2025595,46362.743.08$20,511
Aug 202506,11063.933.01$18,420
Jul 202505,12266.743.32$16,980
Jun 20251324,03366.483.13$21,393
May 202506,47660.553.23$20,933
Apr 202506,38762.363.54$22,630
Mar 202506,51267.704.27$27,795
Feb 202506,40570.884.34$27,803
Jan 202507,39874.324.28$31,654
Dec 20241897,48468.993.12$36,399
Nov 202407,64969.052.20$16,816
Oct 202407,53671.372.28$17,193
Sep 202406,53669.612.36$15,453
Aug 202407,30275.632.06$15,069
Jul 202407,54479.932.15$16,194
Jun 202406,51878.082.63$17,168
May 202407,29778.812.20$16,042
Apr 202407,39384.451.66$12,266
Mar 202408,02880.301.55$12,404
Feb 202407,48676.091.78$13,352
Jan 202407,43973.023.30$24,531
Dec 202308,32271.262.61$21,726
Nov 20231847,94277.892.81$36,629
Oct 202308,44185.443.09$26,060
Sep 202308,40189.042.74$22,977
Aug 202308,66980.522.67$23,171
Jul 202308,55274.852.64$22,593
Jun 202308,33268.962.26$18,818
May 202308,74470.622.23$19,476
Apr 202308,70378.122.24$19,475
Mar 202308,58772.852.39$20,550
Feb 202307,16775.112.47$17,672
Jan 20231918,27276.533.39$42,640
Dec 202208,28376.415.73$47,454
Nov 202208,00785.005.65$45,209
Oct 202209,22887.185.86$54,111
Sep 202208,81284.888.16$71,938
Aug 202208,90094.529.13$81,232
Jul 202207,703101.587.54$58,097
Jun 20221767,521115.097.98$80,252
May 202208,147109.378.43$68,704
Apr 202206,736104.226.84$46,058
Mar 202204,542108.885.08$23,057
Feb 202201,09991.054.86$5,340
Jan 2022049581.844.54$2,246
Dec 202104,54971.323.90$17,737
Nov 202107,91677.435.24$41,455
Oct 202108,86579.795.71$50,653
Sep 202107,41369.865.35$39,666
Aug 202107,60466.024.22$32,093
Jul 202108,04070.783.98$32,016
Jun 202108,04269.493.38$27,187
May 20211788,98763.483.02$38,419
Apr 202108,85560.362.76$24,426
Mar 202109,29861.302.72$25,262
Feb 202106,64957.805.55$36,888
Jan 202108,45850.412.81$23,769
Dec 202008,57344.642.68$22,937
Nov 20201858,42938.772.71$29,986
Oct 202008,50036.972.48$21,067
Sep 202008,48337.091.99$16,890
Aug 202008,13639.982.39$19,405
Jul 202008,65438.371.83$15,795
Jun 202008,96034.901.69$15,145
May 202009,85216.921.81$17,879
Apr 202009,32414.751.80$16,824
Mar 202018710,70830.341.86$25,550
Feb 2020011,00149.881.98$21,789
Jan 2020011,74157.252.09$24,594
Dec 201909,02759.012.30$20,801
Nov 201906,19355.302.75$17,035
Oct 201909,71053.472.42$23,484
Sep 20191838,53155.052.66$32,743
Aug 201909,64553.112.30$22,226
Jul 2019010,28556.272.46$25,302
Jun 2019011,31352.782.49$28,183
May 2019011,79058.482.74$32,308
Apr 2019211,51862.632.75$31,808
Mar 201907,91256.803.06$24,227
Feb 20191917,85050.852.79$31,631
Jan 2019011,24846.033.23$36,311
Dec 201808,21146.594.19$34,367
Nov 201805,18452.934.24$21,966
Oct 201809,91861.443.40$33,702
Sep 2018010,16959.543.11$31,605
Aug 2018011,12659.403.07$34,119
Jul 201817812,37265.142.93$47,868
Jun 2018012,62160.183.08$38,834
May 201807,24265.382.90$21,008
Apr 201806,75063.842.90$19,580
Mar 201807,83461.222.79$21,832
Feb 201807,37061.782.77$20,386
Jan 20181835,76862.874.01$34,631
Dec 201708,04257.272.92$23,495
Nov 201707,44855.423.12$23,226
Oct 201708,76349.292.98$26,146
Sep 201709,21947.523.09$28,462
Aug 201709,97445.373.00$29,966
Jul 201718010,42543.873.09$40,081
Jun 2017011,89642.493.09$36,726
May 2017011,71445.373.26$38,227
Apr 2017011,07647.933.21$35,572
Mar 201718912,61646.772.98$46,482
Feb 2017011,25150.452.95$33,220
Jan 2017011,67849.413.42$39,925
Dec 2016012,17248.763.72$45,314
Nov 201618113,15342.492.64$42,472
Oct 2016012,76446.193.09$39,444
Sep 2016013,38241.553.10$41,493
Aug 201618413,39741.442.92$46,802
Jul 2016011,78141.622.92$34,452
Jun 201618312,51645.352.69$41,915
May 2016013,64142.521.99$27,160
Apr 201618915,61636.561.99$38,002
Mar 201618016,32633.011.79$35,231
Feb 2016017,18326.472.06$35,459
Jan 201619719,27827.352.36$50,968
Dec 201518321,07532.362.00$48,102
Nov 201506,49138.792.17$14,068
Oct 20153230743.552.43$2,139
Sep 201515715,38842.992.76$49,196
Aug 201538027,42440.162.87$94,036
Jul 201538529,73148.152.95$106,098
Jun 201520229,70356.152.88$96,972
May 201520534,74155.212.96$113,993

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                7,399 Mcf  × $  3.05 =    $22,536

────────────────────────────────────────────────────
Month total                                  $22,536

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/277852 is the state's own key, not one this site invented.