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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 277853District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.7 M
Apr 2015 – May 2026
Value, last 12 filed months
$176 k
at the published price for each month
Months reported
134
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 Gas112015-11-05216986
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
CondensateDisposition6,575 bbl$351,065
GasProduction1,092,512 Mcf$3,326,395
Total$3,677,459

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 33.2807, -97.4008. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.28075, -97.40076 · 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
8,125 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 8,125 ft.

Completions filed
May 2015
1 of 1 wells

1 well

42-12134505304H8,125 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 (134)

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

134 months

May 20261864,781106.413.05$34,354
Apr 202605,14298.932.87$14,756
Mar 202604,98589.753.15$15,700
Feb 202604,06163.503.75$15,230
Jan 2026041159.138.00$3,287
Dec 202503556.664.41$154
Nov 2025041458.593.93$1,626
Oct 202503,83359.383.30$12,667
Sep 20252164,16562.743.08$26,367
Aug 202504,95263.933.01$14,929
Jul 202505,17566.743.32$17,156
Jun 2025595,00966.483.13$19,594
May 202504,62760.553.23$14,956
Apr 202505,12062.363.54$18,141
Mar 202504,70067.704.27$20,061
Feb 202504,26670.884.34$18,518
Jan 202504,81074.324.28$20,580
Dec 202406,20168.993.12$19,356
Nov 202406,03469.052.20$13,265
Oct 202406,09971.372.28$13,914
Sep 202405,29369.612.36$12,515
Aug 202405,95575.632.06$12,289
Jul 202406,16379.932.15$13,229
Jun 202405,27278.082.63$13,886
May 202405,82278.812.20$12,799
Apr 202405,65484.451.66$9,381
Mar 202406,08680.301.55$9,404
Feb 202405,69676.091.78$10,160
Jan 20241975,78873.023.30$33,472
Dec 202306,55671.262.61$17,116
Nov 202305,67977.892.81$15,944
Oct 202306,26985.443.09$19,354
Sep 202306,31889.042.74$17,280
Aug 202306,52380.522.67$17,435
Jul 202306,58674.852.64$17,399
Jun 202306,85168.962.26$15,473
May 20231807,15470.622.23$28,646
Apr 202307,16878.122.24$16,040
Mar 202307,14672.852.39$17,102
Feb 202305,71875.112.47$14,099
Jan 20231925,81376.533.39$34,387
Dec 202206,14576.415.73$35,205
Nov 202206,43785.005.65$36,345
Oct 202206,74987.185.86$39,575
Sep 202206,52784.888.16$53,284
Aug 202205,60494.529.13$51,149
Jul 202205,400101.587.54$40,727
Jun 202205,245115.097.98$41,840
May 202204,715109.378.43$39,762
Apr 202204,511104.226.84$30,844
Mar 202205,134108.885.08$26,062
Feb 202202,24291.054.86$10,894
Jan 2022017481.844.54$790
Dec 2021017271.323.90$671
Nov 2021016877.435.24$880
Oct 202106,18279.795.71$35,323
Sep 202105,91269.865.35$31,635
Aug 202106,05066.024.22$25,535
Jul 202106,27670.783.98$24,992
Jun 202106,01969.493.38$20,348
May 202105,61363.483.02$16,938
Apr 202105,58260.362.76$15,398
Mar 20211866,24661.302.72$28,372
Feb 202103,59657.805.55$19,950
Jan 202106,52850.412.81$18,345
Dec 202006,32244.642.68$16,914
Nov 202006,54138.772.71$17,704
Oct 202006,59336.972.48$16,340
Sep 202006,56337.091.99$13,067
Aug 202006,65939.982.39$15,882
Jul 20201807,19338.371.83$20,035
Jun 202007,72534.901.69$13,058
May 202007,00416.921.81$12,711
Apr 202007,05914.751.80$12,737
Mar 202007,63930.341.86$14,180
Feb 202007,50649.881.98$14,867
Jan 20201847,12657.252.09$25,461
Dec 201907,85359.012.30$18,096
Nov 201906,21955.302.75$17,107
Oct 201908,77753.472.42$21,228
Sep 201907,82155.052.66$20,783
Aug 201908,71053.112.30$20,071
Jul 201908,42556.272.46$20,726
Jun 201908,88952.782.49$22,144
May 201918610,52258.482.74$39,711
Apr 201929,46462.632.75$26,158
Mar 201906,90356.803.06$21,138
Feb 201908,52950.852.79$23,815
Jan 20191808,66746.033.23$36,264
Dec 201809,58846.594.19$40,130
Nov 201808,01052.934.24$33,940
Oct 201818610,64961.443.40$47,614
Sep 20181809,73959.543.11$40,986
Aug 201808,55759.403.07$26,241
Jul 201809,96665.142.93$29,219
Jun 20181799,53960.183.08$40,123
May 2018010,45165.382.90$30,316
Apr 201818610,29163.842.90$41,726
Mar 20181809,97961.222.79$38,829
Feb 201809,16661.782.77$25,354
Jan 20181938,94362.874.01$47,989
Dec 20171859,55757.272.92$38,516
Nov 201709,25155.423.12$28,848
Oct 20171849,59349.292.98$37,692
Sep 2017010,68647.523.09$32,991
Aug 201718511,13445.373.00$41,844
Jul 2017210,40343.873.09$32,205
Jun 201718410,82842.493.09$41,247
May 2017011,70945.373.26$38,211
Apr 201718011,89747.933.21$46,836
Mar 2017010,89246.772.98$32,498
Feb 201718213,95750.452.95$50,391
Jan 2017013,59949.413.42$46,492
Dec 201617815,62648.763.72$66,852
Nov 2016014,53942.492.64$38,446
Oct 201618414,72346.193.09$53,997
Sep 2016014,28241.553.10$44,283
Aug 201617715,04041.442.92$51,317
Jul 2016015,31141.622.92$44,775
Jun 201618216,29545.352.69$52,019
May 2016014,38642.521.99$28,643
Apr 201618415,58436.561.99$37,755
Mar 2016016,48333.011.79$29,571
Feb 201618115,42726.472.06$36,627
Jan 201619520,30827.352.36$53,349
Dec 201519623,72032.362.00$53,816
Nov 201504,76538.792.17$10,327
Oct 20151631,28443.552.43$10,214
Sep 2015015,65042.992.76$43,169
Aug 201518910,82940.162.87$38,696
Jul 201519213,58448.152.95$49,251
Jun 201519330,11756.152.88$97,660
May 201520739,88555.212.96$129,307
Apr 201502449.822.71$65

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           186 bbl  × $106.41 =    $19,792
Gas                4,781 Mcf  × $  3.05 =    $14,562

────────────────────────────────────────────────────
Month total                                  $34,354

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/277853 is the state's own key, not one this site invented.