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 278692District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.3 M
Apr 2015 – May 2026
Value, last 12 filed months
$232 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 Gas112016-02-08216982
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
CondensateDisposition4,862 bbl$250,756
GasProduction1,015,664 Mcf$3,085,601
Total$3,336,357

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 33.2820, -97.4008. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.28195, -97.40077 · 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
8,028 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 8,028 ft.

Completions filed
May 2015
1 of 1 wells

1 well

42-12134504313H8,028 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 202603,553106.413.05$10,822
Apr 202603,53798.932.87$10,150
Mar 202603,49489.753.15$11,004
Feb 202603,24663.503.75$12,174
Jan 202604,76259.138.00$38,086
Dec 202505,17656.664.41$22,844
Nov 202504,91658.593.93$19,302
Oct 202504,33359.383.30$14,320
Sep 20252043,79062.743.08$24,460
Aug 20251914,65963.933.01$26,256
Jul 202506,59266.743.32$21,854
Jun 202506,59066.483.13$20,618
May 202506,94160.553.23$22,436
Apr 202505,78062.363.54$20,479
Mar 202506,24167.704.27$26,639
Feb 202504,68770.884.34$20,346
Jan 202505,67474.324.28$24,277
Dec 202403,99868.993.12$12,479
Nov 202403,27969.052.20$7,209
Oct 202403,88671.372.28$8,866
Sep 202403,29069.612.36$7,779
Aug 202404,24375.632.06$8,756
Jul 202403,71379.932.15$7,970
Jun 202404,20978.082.63$11,086
May 202404,50878.812.20$9,911
Apr 202404,11184.451.66$6,821
Mar 202404,41280.301.55$6,817
Feb 202404,32076.091.78$7,705
Jan 202404,56273.023.30$15,044
Dec 202304,55471.262.61$11,889
Nov 202304,45777.892.81$12,513
Oct 202304,69885.443.09$14,504
Sep 202304,62489.042.74$12,647
Aug 202304,02580.522.67$10,758
Jul 202303,85074.852.64$10,171
Jun 202303,51968.962.26$7,948
May 202303,60070.622.23$8,019
Apr 202303,32978.122.24$7,450
Mar 202303,74672.852.39$8,965
Feb 202303,39875.112.47$8,378
Jan 20231913,91976.533.39$27,894
Dec 202203,98076.415.73$22,802
Nov 202203,86385.005.65$21,811
Oct 202204,34687.185.86$25,484
Sep 202204,00784.888.16$32,712
Aug 20221834,18794.529.13$55,513
Jul 202203,761101.587.54$28,366
Jun 202203,249115.097.98$25,918
May 202203,408109.378.43$28,740
Apr 202203,134104.226.84$21,429
Mar 202202,838108.885.08$14,407
Feb 202201,83291.054.86$8,901
Jan 2022014681.844.54$663
Dec 202101,45771.323.90$5,681
Nov 20211876,06177.435.24$46,220
Oct 202105,10879.795.71$29,186
Sep 202104,43669.865.35$23,737
Aug 202104,63866.024.22$19,575
Jul 202104,75170.783.98$18,919
Jun 202104,84269.493.38$16,369
May 202105,60263.483.02$16,905
Apr 202105,47360.362.76$15,097
Mar 20211785,72261.302.72$26,458
Feb 202105,76057.805.55$31,956
Jan 202105,05350.412.81$14,200
Dec 202005,03244.642.68$13,463
Nov 20201845,45638.772.71$21,901
Oct 202005,74636.972.48$14,241
Sep 202005,59537.091.99$11,140
Aug 202005,61439.982.39$13,390
Jul 202005,85538.371.83$10,686
Jun 202005,77834.901.69$9,767
May 202006,09516.921.81$11,061
Apr 202005,81814.751.80$10,498
Mar 202006,05130.341.86$11,232
Feb 20201835,77249.881.98$20,560
Jan 202007,24857.252.09$15,183
Dec 201906,67159.012.30$15,372
Nov 201904,80255.302.75$13,209
Oct 201906,22153.472.42$15,046
Sep 201905,51155.052.66$14,644
Aug 20191816,31153.112.30$24,156
Jul 201906,16056.272.46$15,154
Jun 201906,82752.782.49$17,007
May 201906,93358.482.74$18,999
Apr 201925,99362.632.75$16,610
Mar 201908,08256.803.06$24,748
Feb 20191826,56350.852.79$27,580
Jan 201906,88846.033.23$22,236
Dec 201807,06746.594.19$29,579
Nov 201807,59652.934.24$32,186
Oct 201807,79761.443.40$26,495
Sep 20181777,93359.543.11$35,194
Aug 201808,45759.403.07$25,934
Jul 201807,70465.142.93$22,587
Jun 201807,47660.183.08$23,003
May 201807,66465.382.90$22,232
Apr 201807,77463.842.90$22,551
Mar 201807,94961.222.79$22,153
Feb 20181927,44661.782.77$32,458
Jan 201809,60362.874.01$38,502
Dec 201708,44457.272.92$24,669
Nov 201708,86955.423.12$27,657
Oct 201709,37949.292.98$27,984
Sep 20171829,50647.523.09$37,996
Aug 2017110,17645.373.00$30,618
Jul 2017010,41643.873.09$32,157
Jun 201718010,41442.493.09$39,799
May 2017011,56545.373.26$37,741
Apr 2017011,25347.933.21$36,140
Mar 201718312,97046.772.98$47,257
Feb 2017010,81850.452.95$31,941
Jan 2017010,88749.413.42$37,220
Dec 2016011,99048.763.72$44,637
Nov 201618612,46242.492.64$40,857
Oct 2016013,52546.193.09$41,796
Sep 2016012,89541.553.10$39,983
Aug 201619014,72741.442.92$50,940
Jul 2016018,29041.622.92$53,486
Jun 201618619,19945.352.69$60,000
May 2016016,99242.521.99$33,832
Apr 201618116,38936.561.99$39,249
Mar 2016016,03933.011.79$28,774
Feb 201618914,65926.472.06$35,254
Jan 2016016,80727.352.36$39,738
Dec 201518421,87832.362.00$49,741
Nov 201511322,36638.792.17$52,858
Oct 201514822,49443.552.43$61,029
Sep 201513017,73542.992.76$54,509
Aug 201519124,83040.162.87$78,994
Jul 201518627,02648.152.95$88,550
Jun 201519015,97456.152.88$56,719
May 2015735,28755.212.96$104,675
Apr 201504049.822.71$108

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                3,553 Mcf  × $  3.05 =    $10,822

────────────────────────────────────────────────────
Month total                                  $10,822

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/278692 is the state's own key, not one this site invented.