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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 278248District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.3 M
Apr 2015 – May 2026
Value, last 12 filed months
$309 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 Gas112015-12-17216985
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
CondensateDisposition6,907 bbl$352,191
GasProduction1,657,068 Mcf$4,917,832
Total$5,270,023

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 33.2590, -97.3738. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.25897, -97.37377 · 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
8,267 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 8,267 ft.

Completions filed
May 2015
1 of 1 wells

1 well

42-12134499310H8,267 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 202607,028106.413.05$21,406
Apr 202606,57698.932.87$18,871
Mar 202606,67489.753.15$21,019
Feb 202605,42663.503.75$20,349
Jan 202605,36259.138.00$42,885
Dec 202507,58856.664.41$33,489
Nov 202508,16858.593.93$32,071
Oct 202507,76259.383.30$25,652
Sep 20251686,72762.743.08$31,239
Aug 202506,87263.933.01$20,717
Jul 202506,51166.743.32$21,585
Jun 202506,43266.483.13$20,124
May 202506,64860.553.23$21,488
Apr 202506,41662.363.54$22,733
Mar 202506,51067.704.27$27,787
Feb 202505,43770.884.34$23,601
Jan 202506,64074.324.28$28,410
Dec 202406,79968.993.12$21,222
Nov 202407,18669.052.20$15,798
Oct 202407,85271.372.28$17,914
Sep 202406,91469.612.36$16,347
Aug 202407,89475.632.06$16,290
Jul 2024010,12979.932.15$21,743
Jun 2024010,52078.082.63$27,709
May 202404,26678.812.20$9,379
Apr 20241941,00984.451.66$18,057
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 2023027468.962.26$619
May 2023028370.622.23$630
Apr 2023027478.122.24$613
Mar 2023028372.852.39$677
Feb 2023026075.112.47$641
Jan 2023028176.533.39$952
Dec 202202,44976.415.73$14,031
Nov 202205,51185.005.65$31,116
Oct 202204,76187.185.86$27,917
Sep 202204,11084.888.16$33,553
Aug 20221803,54194.529.13$49,333
Jul 202203,368101.587.54$25,402
Jun 20220759115.097.98$6,055
May 202201,559109.378.43$13,147
Apr 202201,145104.226.84$7,829
Mar 202201,184108.885.08$6,010
Feb 2022081491.054.86$3,955
Jan 2022030681.844.54$1,389
Dec 2021080371.323.90$3,131
Nov 202133613,79877.435.24$98,275
Oct 2021011,49479.795.71$65,675
Sep 2021010,22369.865.35$54,702
Aug 2021010,54766.024.22$44,515
Jul 2021010,95370.783.98$43,616
Jun 2021011,00269.493.38$37,194
May 202118411,65663.483.02$46,854
Apr 2021011,62260.362.76$32,058
Mar 202118212,15761.302.72$44,186
Feb 202108,43757.805.55$46,808
Jan 2021011,45150.412.81$32,180
Dec 2020011,14144.642.68$29,807
Nov 202019111,62838.772.71$38,877
Oct 2020011,79636.972.48$29,236
Sep 2020011,17937.091.99$22,258
Aug 2020011,89439.982.39$28,368
Jul 2020011,97938.371.83$21,863
Jun 2020011,72834.901.69$19,824
May 2020012,35916.921.81$22,429
Apr 2020011,53914.751.80$20,821
Mar 2020012,24630.341.86$22,731
Feb 2020012,26649.881.98$24,295
Jan 2020013,90957.252.09$29,136
Dec 2019013,97659.012.30$32,206
Nov 2019012,90855.302.75$35,506
Oct 2019013,68353.472.42$33,093
Sep 2019012,11555.052.66$32,193
Aug 201918513,91053.112.30$41,879
Jul 2019014,49456.272.46$35,656
Jun 201918711,94752.782.49$39,632
May 2019011,79658.482.74$32,325
Apr 2019211,18262.632.75$30,884
Mar 2019011,25556.803.06$34,464
Feb 201919310,74850.852.79$39,825
Jan 2019015,31446.033.23$49,436
Dec 2018015,78046.594.19$66,046
Nov 201819115,44752.934.24$75,562
Oct 2018016,91861.443.40$57,489
Sep 2018016,63559.543.11$51,702
Aug 2018016,65259.403.07$51,064
Jul 201817717,13565.142.93$61,768
Jun 2018016,89660.183.08$51,988
May 2018016,54465.382.90$47,991
Apr 201818716,45663.842.90$59,674
Mar 2018016,56961.222.79$46,175
Feb 2018015,40561.782.77$42,612
Jan 201817517,55662.874.01$81,390
Dec 2017017,02257.272.92$49,730
Nov 201717817,56855.423.12$64,648
Oct 2017018,80549.292.98$56,108
Sep 2017018,53447.523.09$57,220
Aug 201717817,44345.373.00$60,482
Jul 2017119,89043.873.09$61,450
Jun 2017020,28542.493.09$62,625
May 201718321,53545.373.26$78,580
Apr 2017020,62047.933.21$66,223
Mar 2017019,11146.772.98$57,021
Feb 201701,06350.452.95$3,139
Jan 201718317,53149.413.42$68,977
Dec 2016019,71448.763.72$73,392
Nov 201618420,35742.492.64$61,649
Oct 2016023,65046.193.09$73,085
Sep 2016023,51041.553.10$72,896
Aug 201617124,69241.442.92$79,294
Jul 201618126,42141.622.92$84,797
Jun 201618325,63345.352.69$77,145
May 201618625,76242.521.99$59,202
Apr 2016027,94536.561.99$55,640
Mar 201635827,22733.011.79$60,663
Feb 2016027,33026.472.06$56,399
Jan 201639030,51827.352.36$82,822
Dec 201519831,54132.362.00$69,534
Nov 201519132,32638.792.17$77,470
Oct 201519236,47843.552.43$96,878
Sep 201523236,81842.992.76$111,533
Aug 201519539,08140.162.87$120,091
Jul 201538343,02348.152.95$145,148
Jun 201539646,93756.152.88$157,548
May 20151253,04655.212.96$157,437
Apr 201501649.822.71$43

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                7,028 Mcf  × $  3.05 =    $21,406

────────────────────────────────────────────────────
Month total                                  $21,406

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/278248 is the state's own key, not one this site invented.