M.T. COLE (AW)

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 277855District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.3 M
Apr 2015 – May 2026
Value, last 12 filed months
$578 k
at the published price for each month
Months reported
134
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 Gas112015-11-05216983
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
CondensateDisposition12,732 bbl$654,452
GasProduction2,166,088 Mcf$6,648,072
Total$7,302,524

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 33.2568, -97.3736. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.25683, -97.37360 · 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
8,516 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 8,516 ft.

Completions filed
May 2015
1 of 1 wells

1 well

42-12134502312H8,516 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 2026013,754106.413.05$41,892
Apr 202619612,94198.932.87$56,527
Mar 202619612,69989.753.15$57,586
Feb 2026010,95563.503.75$41,085
Jan 2026011,83459.138.00$94,647
Dec 2025010,93056.664.41$48,238
Nov 202505,88458.593.93$23,103
Oct 202508,33459.383.30$27,543
Sep 202537611,66162.743.08$59,470
Aug 2025012,42763.933.01$37,464
Jul 2025012,50766.743.32$41,463
Jun 202517811,75366.483.13$48,605
May 2025012,28760.553.23$39,716
Apr 2025011,93162.363.54$42,273
Mar 2025011,98167.704.27$51,139
Feb 2025011,08770.884.34$48,127
Jan 202519612,43374.324.28$67,764
Dec 2024012,42868.993.12$38,792
Nov 2024012,95469.052.20$28,479
Oct 2024012,90471.372.28$29,439
Sep 2024011,01069.612.36$26,032
Aug 2024013,16575.632.06$27,168
Jul 202418312,45579.932.15$41,363
Jun 2024011,64978.082.63$30,683
May 2024014,15578.812.20$31,119
Apr 2024013,33784.451.66$22,129
Mar 2024014,91080.301.55$23,038
Feb 2024013,85776.091.78$24,716
Jan 2024015,16973.023.30$50,022
Dec 202318915,13971.262.61$52,992
Nov 2023014,31577.892.81$40,190
Oct 2023014,64985.443.09$45,226
Sep 2023014,36989.042.74$39,300
Aug 2023014,49280.522.67$38,735
Jul 2023013,86974.852.64$36,639
Jun 202318212,90468.962.26$41,694
May 2023013,13270.622.23$29,250
Apr 2023011,63778.122.24$26,041
Mar 2023011,90572.852.39$28,491
Feb 2023010,33075.112.47$25,470
Jan 202319111,39876.533.39$53,230
Dec 2022011,54776.415.73$66,154
Nov 2022011,29685.005.65$63,779
Oct 2022011,94587.185.86$70,043
Sep 2022010,87484.888.16$88,772
Aug 2022010,96594.529.13$100,079
Jul 202209,793101.587.54$73,860
Jun 202209,321115.097.98$74,355
May 202208,924109.378.43$75,256
Apr 202208,678104.226.84$59,337
Mar 202207,793108.885.08$39,560
Feb 2022081791.054.86$3,970
Jan 2022036581.844.54$1,656
Dec 2021036271.323.90$1,411
Nov 2021059377.435.24$3,105
Oct 202118112,97779.795.71$88,591
Sep 2021011,27569.865.35$60,332
Aug 2021011,27666.024.22$47,591
Jul 2021011,79470.783.98$46,965
Jun 202118111,59769.493.38$51,783
May 2021012,55963.483.02$37,899
Apr 2021012,21560.362.76$33,694
Mar 202117413,46061.302.72$47,236
Feb 2021012,61957.805.55$70,010
Jan 2021011,79550.412.81$33,147
Dec 202018612,26844.642.68$41,126
Nov 2020013,46138.772.71$36,433
Oct 202018214,05336.972.48$41,558
Sep 2020013,57937.091.99$27,036
Aug 2020014,27139.982.39$34,038
Jul 202018014,09538.371.83$32,632
Jun 2020013,30434.901.69$22,488
May 2020014,18416.921.81$25,740
Apr 202018214,43014.751.80$28,722
Mar 2020015,03130.341.86$27,901
Feb 2020014,56649.881.98$28,850
Jan 202018015,96757.252.09$43,752
Dec 2019016,00859.012.30$36,888
Nov 201913314,61955.302.75$47,567
Oct 2019015,43853.472.42$37,337
Sep 201918313,79555.052.66$46,731
Aug 2019015,55753.112.30$35,849
Jul 201917915,25556.272.46$47,601
Jun 2019016,20452.782.49$40,367
May 201918216,81358.482.74$56,716
Apr 2019215,92362.632.75$43,925
Mar 201917616,99156.803.06$62,025
Feb 2019016,31750.852.79$45,561
Jan 201919817,14046.033.23$64,445
Dec 2018017,93646.594.19$75,070
Nov 201819118,38452.934.24$88,007
Oct 2018019,09561.443.40$64,886
Sep 201817918,58259.543.11$68,411
Aug 2018018,78159.403.07$57,593
Jul 201817919,08765.142.93$67,621
Jun 2018018,68360.183.08$57,486
May 201818016,52865.382.90$59,713
Apr 2018016,20163.842.90$46,996
Mar 201818216,22761.222.79$56,364
Feb 2018014,65561.782.77$40,537
Jan 201818717,78362.874.01$83,054
Dec 2017015,30157.272.92$44,702
Nov 201717914,30655.423.12$54,531
Oct 2017015,85149.292.98$47,294
Sep 201717819,59147.523.09$68,941
Aug 201717920,61945.373.00$70,069
Jul 2017021,16943.873.09$65,355
Jun 201718021,07642.493.09$72,716
May 201718521,82645.373.26$79,620
Apr 201718521,46047.933.21$77,788
Mar 201718825,97346.772.98$86,288
Feb 2017024,50650.452.95$72,356
Jan 201718321,91549.413.42$83,965
Dec 201618123,80848.763.72$97,459
Nov 201618422,66942.492.64$67,763
Oct 201618424,27646.193.09$83,518
Sep 201617422,89241.553.10$78,209
Aug 201618225,19341.442.92$81,215
Jul 201617825,36641.622.92$81,587
Jun 201617223,82545.352.69$71,790
May 201636723,40142.521.99$62,197
Apr 201617926,94536.561.99$60,193
Mar 201636228,46433.011.79$63,014
Feb 201619027,71926.472.06$62,231
Jan 201619431,17127.352.36$79,005
Dec 201538630,85132.362.00$74,236
Nov 201539230,88538.792.17$82,144
Oct 201518435,13243.552.43$93,264
Sep 201542933,94742.992.76$112,083
Aug 201538937,39640.162.87$123,042
Jul 201566040,88548.152.95$152,189
Jun 201541045,51156.152.88$154,223
May 201539454,52755.212.96$182,905
Apr 201505149.822.71$138

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               13,754 Mcf  × $  3.05 =    $41,892

────────────────────────────────────────────────────
Month total                                  $41,892

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/277855 is the state's own key, not one this site invented.