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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 278695District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.6 M
Apr 2015 – May 2026
Value, last 12 filed months
$321 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 Gas112016-02-08216989
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
CondensateDisposition6,526 bbl$359,542
GasProduction1,366,030 Mcf$4,261,090
Total$4,620,631

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 33.2865, -97.3954. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.28646, -97.39537 · 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
8,191 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 8,191 ft.

Completions filed
May 2015
1 of 1 wells

1 well

42-12134498301H8,191 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 20261767,624106.413.05$41,950
Apr 202606,92998.932.87$19,884
Mar 20261997,10789.753.15$40,243
Feb 202605,98063.503.75$22,427
Jan 202605,95059.138.00$47,588
Dec 202506,50256.664.41$28,696
Nov 202506,19158.593.93$24,309
Oct 202506,56859.383.30$21,706
Sep 202505,80462.743.08$17,858
Aug 202506,16163.933.01$18,574
Jul 202506,01266.743.32$19,931
Jun 202505,64366.483.13$17,655
May 202506,03360.553.23$19,501
Apr 202506,10162.363.54$21,617
Mar 202505,99067.704.27$25,567
Feb 202505,80070.884.34$25,177
Jan 202505,72274.324.28$24,483
Dec 202405,74568.993.12$17,932
Nov 202405,75069.052.20$12,641
Oct 202405,47671.372.28$12,493
Sep 202404,77969.612.36$11,299
Aug 202405,21575.632.06$10,762
Jul 202405,26079.932.15$11,291
Jun 202404,38178.082.63$11,539
May 202404,92478.812.20$10,825
Apr 20242084,86284.451.66$25,633
Mar 202405,34780.301.55$8,262
Feb 202405,00076.091.78$8,918
Jan 202405,34173.023.30$17,613
Dec 202305,79971.262.61$15,140
Nov 202305,95177.892.81$16,708
Oct 202305,93085.443.09$18,308
Sep 202305,71789.042.74$15,636
Aug 202306,36280.522.67$17,005
Jul 202306,70274.852.64$17,705
Jun 20231926,50568.962.26$27,932
May 202306,89470.622.23$15,356
Apr 202306,54178.122.24$14,637
Mar 202306,87572.852.39$16,453
Feb 202305,83575.112.47$14,387
Jan 20231916,01476.533.39$34,991
Dec 202206,30276.415.73$36,105
Nov 202206,26585.005.65$35,373
Oct 202206,39987.185.86$37,522
Sep 202206,87484.888.16$56,117
Aug 202206,89994.529.13$62,968
Jul 202206,647101.587.54$50,132
Jun 202207,343115.097.98$58,577
May 202205,552109.378.43$46,820
Apr 202206,421104.226.84$43,904
Mar 20221917,646108.885.08$59,610
Feb 202204,13891.054.86$20,106
Jan 2022046281.844.54$2,096
Dec 202105,11371.323.90$19,936
Nov 202106,07877.435.24$31,830
Oct 202108,04879.795.71$45,985
Sep 202107,53269.865.35$40,303
Aug 202107,82566.024.22$33,026
Jul 20211798,23270.783.98$45,450
Jun 202108,61669.493.38$29,127
May 202109,35663.483.02$28,233
Apr 202107,62960.362.76$21,044
Mar 202107,98661.302.72$21,697
Feb 20211858,11557.805.55$55,715
Jan 202108,21750.412.81$23,092
Dec 202007,99644.642.68$21,393
Nov 202008,34038.772.71$22,573
Oct 202007,74236.972.48$19,188
Sep 202008,49437.091.99$16,912
Aug 20201858,90839.982.39$28,643
Jul 202009,19338.371.83$16,778
Jun 202008,39334.901.69$14,187
May 202008,65916.921.81$15,714
Apr 202008,32914.751.80$15,029
Mar 202008,55930.341.86$15,887
Feb 202008,45049.881.98$16,737
Jan 202018010,46857.252.09$32,233
Dec 2019011,19559.012.30$25,797
Nov 2019010,40455.302.75$28,618
Oct 2019010,65153.472.42$25,760
Sep 201908,49855.052.66$22,582
Aug 20191889,42453.112.30$31,701
Jul 201909,10656.272.46$22,401
Jun 201908,35052.782.49$20,802
May 2019011,22558.482.74$30,760
Apr 2019210,58762.632.75$29,247
Mar 201918510,10656.803.06$41,454
Feb 201909,37350.852.79$26,171
Jan 2019012,84846.033.23$41,476
Dec 201818513,45346.594.19$64,926
Nov 2018013,51952.934.24$57,283
Oct 2018014,55761.443.40$49,466
Sep 201818113,90359.543.11$53,987
Aug 2018013,73759.403.07$42,125
Jul 2018013,91365.142.93$40,791
Jun 2018014,26060.183.08$43,877
May 201817916,42765.382.90$59,354
Apr 2018016,30963.842.90$47,309
Mar 2018016,55861.222.79$46,145
Feb 201817715,67761.782.77$54,300
Jan 2018012,45162.874.01$49,920
Dec 2017016,73457.272.92$48,889
Nov 201718517,72055.423.12$65,510
Oct 2017018,12449.292.98$54,076
Sep 2017017,46347.523.09$53,913
Aug 201717716,81345.373.00$58,543
Jul 2017117,93343.873.09$55,408
Jun 2017017,21942.493.09$53,160
May 201718017,16645.373.26$64,186
Apr 2017016,79947.933.21$53,952
Mar 201718517,10746.772.98$59,694
Feb 2017018,09850.452.95$53,436
Jan 2017012,54549.413.42$42,889
Dec 201618311,04648.763.72$50,045
Nov 2016012,25842.492.64$32,414
Oct 2016014,42746.193.09$44,583
Sep 201618815,43941.553.10$55,682
Aug 2016020,88841.442.92$61,084
Jul 201618217,34041.622.92$58,283
Jun 2016015,68645.352.69$42,130
May 201618416,47042.521.99$40,616
Apr 2016020,91636.561.99$41,645
Mar 201618218,12433.011.79$38,522
Feb 201618016,37026.472.06$38,546
Jan 201616821,14627.352.36$54,592
Dec 201517820,99932.362.00$47,788
Nov 201518623,06438.792.17$57,202
Oct 20152296,99743.552.43$26,952
Sep 201508,68442.992.76$23,954
Aug 201518515,42640.162.87$51,741
Jul 201538219,85348.152.95$76,862
Jun 201519124,86356.152.88$82,401
May 201519735,22655.212.96$114,985
Apr 20150849.822.71$22

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           176 bbl  × $106.41 =    $18,728
Gas                7,624 Mcf  × $  3.05 =    $23,221

────────────────────────────────────────────────────
Month total                                  $41,950

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/278695 is the state's own key, not one this site invented.