B.M.T.

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the B.M.T. (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 148003District 04Field 047892372 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.9 M
Jan 1994 – May 2026
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
389
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 420 leases and 420 wells, and the rule below applies to all of them.

Discovered
1998-10-21
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-11-02.

The Commission's schedule remark for this field reads: PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.

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 Gas111994-03-24129931
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
CondensateDisposition1,147 bbl$27,042
GasProduction1,635,876 Mcf$1,918,241
Total$1,945,283

1,221,859 Mcf of this lease's gas, across 36 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 27.3432, -99.1777. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.34322, -99.17773 · 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
12,000 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 12,000 ft.

Completions filed
Jan 1994
1 of 1 wells

1 well

42-479359113712,000 ftJan 1994

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 (389)

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

389 months

May 20261326106.413.05$1,099
Apr 2026047098.932.87$1,349
Mar 2026124489.753.15$858
Feb 2026026663.503.75$998
Jan 2026019459.138.00$1,552
Dec 2025023856.664.41$1,050
Nov 2025121958.593.93$918
Oct 2025025659.383.30$846
Sep 2025234562.743.08$1,187
Aug 2025045063.933.01$1,357
Jul 2025134766.743.32$1,217
Jun 2025155566.483.13$1,803
May 2025019260.553.23$621
Apr 2025151962.363.54$1,901
Mar 2025046867.704.27$1,998
Feb 2025145870.884.34$2,059
Jan 2025026874.324.28$1,147
Dec 2024142768.993.12$1,402
Nov 2024140869.052.20$966
Oct 2024035471.372.28$808
Sep 2024131369.612.36$810
Aug 2024065875.632.06$1,358
Jul 2024120179.932.15$511
Jun 2024015978.082.63$419
May 2024124278.812.20$611
Apr 2024013284.451.66$219
Mar 2024143180.301.55$746
Feb 2024141876.091.78$822
Jan 2024054573.023.30$1,797
Dec 2023024671.262.61$642
Nov 2023018377.892.81$514
Oct 2023026485.443.09$815
Sep 2023118289.042.74$587
Aug 2023020180.522.67$537
Jul 2023042774.852.64$1,128
Jun 2023265968.962.26$1,626
May 2023076870.622.23$1,711
Apr 2023175378.122.24$1,763
Mar 2023033072.852.39$790
Feb 2023019775.112.47$486
Jan 2023121876.533.39$815
Dec 2022055876.415.73$3,197
Nov 2022055485.005.65$3,128
Oct 2022064487.185.86$3,776
Sep 2022062784.888.16$5,119
Aug 2022065194.529.13$5,942
Jul 20220685101.587.54$5,166
Jun 20221467115.097.98$3,840
May 20220543109.378.43$4,579
Apr 20221481104.226.84$3,393
Mar 20220542108.885.08$2,751
Feb 2022054591.054.86$2,648
Jan 2022156481.844.54$2,641
Dec 2021039171.323.90$1,525
Nov 2021150877.435.24$2,738
Oct 2021031179.795.71$1,777
Sep 2021156769.865.35$3,104
Aug 2021132566.024.22$1,438
Jul 2021043570.783.98$1,732
Jun 2021024969.493.38$842
May 2021130363.483.02$978
Apr 2021042460.362.76$1,170
Mar 2021140061.302.72$1,148
Feb 2021032957.805.55$1,825
Jan 2021166550.412.81$1,919
Dec 2020141344.642.68$1,150
Nov 2020131938.772.71$902
Oct 2020134036.972.48$880
Sep 2020120637.091.99$447
Aug 2020148639.982.39$1,199
Jul 2020241138.371.83$827
Jun 2020175934.901.69$1,318
May 2020053216.921.81$965
Apr 2020124114.751.80$450
Mar 2020117330.341.86$351
Feb 2020114049.881.98$327
Jan 2020146057.252.09$1,021
Dec 2019137059.012.30$912
Nov 2019355855.302.75$1,701
Oct 2019239753.472.42$1,067
Sep 2019140955.052.66$1,142
Aug 2019258353.112.30$1,450
Jul 2019060556.272.46$1,488
Jun 2019127852.782.49$745
May 2019148158.482.74$1,377
Apr 2019052862.632.75$1,452
Mar 2019158056.803.06$1,833
Feb 2019132750.852.79$964
Jan 2019234546.033.23$1,206
Dec 2018056646.594.19$2,369
Nov 2018137552.934.24$1,642
Oct 2018024361.443.40$826
Sep 2018276059.543.11$2,481
Aug 2018144859.403.07$1,433
Jul 2018267265.142.93$2,101
Jun 2018289660.183.08$2,877
May 2018144865.382.90$1,365
Apr 2018568963.842.90$2,318
Mar 201852,29661.222.79$6,705
Feb 2018289361.782.77$2,594
Jan 2018159062.874.01$2,428
Dec 2017156057.272.92$1,693
Nov 2017144955.423.12$1,456
Oct 2017140249.292.98$1,249
Sep 2017141547.523.09$1,329
Aug 2017125645.373.00$815
Jul 2017128243.873.09$914
Jun 2017037642.493.09$1,161
May 2017046745.373.26$1,524
Apr 2017055547.933.21$1,782
Mar 2017161646.772.98$1,885
Feb 2017043250.452.95$1,276
Jan 2017160849.413.42$2,128
Dec 2016045648.763.72$1,698
Nov 2016043342.492.64$1,145
Oct 2016025146.193.09$776
Sep 2016077741.553.10$2,409
Aug 2016023441.442.92$684
Jul 2016042341.622.92$1,237
Jun 2016075045.352.69$2,014
May 2016188842.521.99$1,811
Apr 2016080636.561.99$1,605
Mar 2016029733.011.79$533
Feb 2016025526.472.06$526
Jan 2016125527.352.36$630
Dec 2015078332.362.00$1,567
Nov 2015086938.792.17$1,883
Oct 2015087543.552.43$2,123
Sep 2015074742.992.76$2,061
Aug 2015092240.162.87$2,648
Jul 2015085348.152.95$2,512
Jun 2015079156.152.88$2,280
May 2015075055.212.96$2,217
Apr 2015070949.822.71$1,919
Mar 2015062642.892.93$1,837
Feb 2015033544.662.98$997
Jan 2015034043.433.10$1,054
Dec 2014035854.693.59$1,286
Nov 2014039070.464.25$1,658
Oct 2014096278.303.90$3,753
Sep 2014090886.164.05$3,673
Aug 2014088389.394.04$3,563
Jul 2014088696.564.18$3,703
Jun 2014093898.164.74$4,443
May 2014095994.734.73$4,533
Apr 2014093795.944.81$4,506
Mar 2014082595.895.06$4,172
Feb 2014078397.406.19$4,848
Jan 2014069290.404.86$3,364
Dec 2013030091.824.35$1,306
Nov 2013026788.853.74$998
Oct 2013033597.423.78$1,266
Sep 201301,012104.113.72$3,762
Aug 201301,085104.253.52$3,822
Jul 201301,135102.523.72$4,220
Jun 201301,03594.403.93$4,071
May 2013048194.834.15$1,996
Apr 2013040293.964.28$1,722
Mar 2013066693.623.91$2,606
Feb 2013089391.233.42$3,054
Jan 201301,06991.603.42$3,656
Dec 201201,08186.773.42$3,697
Nov 2012094686.953.62$3,429
Oct 2012081289.383.40$2,761
Sep 2012073394.672.92$2,139
Aug 2012094192.662.91$2,737
Jul 2012395285.133.02$3,131
Jun 2012081079.822.52$2,040
May 201201,08391.612.49$2,695
Apr 201231,101101.652.00$2,503
Mar 20120570105.052.22$1,267
Feb 20123868101.102.57$2,534
Jan 201241,25198.092.73$3,813
Dec 2011061696.873.24$1,996
Nov 2011040695.723.31$1,344
Oct 2011054484.983.65$1,985
Sep 2011043983.623.99$1,750
Aug 201101,05083.404.15$4,357
Jul 201101,17794.144.52$5,317
Jun 201101,18092.904.64$5,475
May 201101,14698.134.40$5,048
Apr 201101,275105.964.33$5,525
Mar 201101,27596.364.06$5,173
Feb 201101,17885.644.18$4,924
Jan 201101,32986.504.59$6,098
Dec 201001,22985.734.35$5,343
Nov 2010096780.843.80$3,670
Oct 201001,17278.103.51$4,112
Sep 201001,33472.633.98$5,309
Aug 201001,52073.684.42$6,717
Jul 201001,54072.554.74$7,294
Jun 201001,19870.364.91$5,883
May 2010082371.124.24$3,486
Apr 201001,16881.694.12$4,815
Mar 201001,39778.394.39$6,131
Feb 201001,36673.585.44$7,434
Jan 201001,84074.365.96$10,974
Dec 200901,85571.445.48$10,172
Nov 200901,11374.593.75$4,175
Oct 2009088872.544.11$3,650
Sep 200901,11165.543.06$3,405
Aug 200901,60167.423.22$5,153
Jul 200901,25961.133.46$4,362
Jun 200901,05866.163.90$4,121
May 200901,12154.743.93$4,401
Apr 200901,16046.773.59$4,162
Mar 200901,42042.144.06$5,764
Feb 200901,00632.814.63$4,661
Jan 200901,33535.865.37$7,170
Dec 200801,17237.105.98$7,005
Nov 200801,17055.496.86$8,027
Oct 200801,58875.246.92$10,992
Sep 200801,611101.767.88$12,690
Aug 200801,695114.228.48$14,379
Jul 200802,103131.0811.39$23,952
Jun 200801,657131.3313.03$21,595
May 200801,771123.1711.57$20,498
Apr 200802,368110.3110.45$24,757
Mar 200803,757101.909.66$36,308
Feb 200806,42792.538.77$56,369
Jan 200825,88790.388.21$48,488
Dec 200713,73088.337.30$27,325
Nov 200716,69891.677.29$48,931
Oct 2007210,29482.856.92$71,421
Sep 2007312,23375.846.24$76,612
Aug 2007014,37669.066.39$91,833
Jul 2007012,50870.906.39$79,900
Jun 2007075762.007.55$5,714
May 2007089458.747.85$7,015
Apr 2007093859.617.81$7,321
Mar 200701,06156.927.30$7,747
Feb 200701,23955.108.22$10,180
Jan 20070050.306.73$0
Dec 2006074256.656.92$5,133
Nov 2006088954.207.62$6,772
Oct 2006071554.906.01$4,300
Sep 2006066960.085.04$3,370
Aug 2006076268.717.34$5,593
Jul 2006084069.376.34$5,328
Jun 2006090966.286.38$5,803
May 2006082366.016.42$5,288
Apr 2006091064.397.36$6,698
Mar 2006092656.707.08$6,559
Feb 2006082657.597.75$6,402
Jan 2006084160.598.93$7,513
Dec 2005072554.9413.42$9,726
Nov 2005064054.6910.59$6,777
Oct 200501,05158.3413.80$14,499
Sep 2005060361.4512.08$7,284
Aug 2005089461.519.80$8,758
Jul 2005082955.697.84$6,502
Jun 2005080652.337.38$5,949
May 2005091045.226.65$6,053
Apr 200501,21549.207.36$8,943
Mar 200503,72950.377.15$26,681
Feb 200501,73145.226.31$10,926
Jan 200501,47043.166.32$9,294
Dec 200401,14539.866.75$7,730
Nov 2004044445.286.33$2,811
Oct 200401,15349.706.52$7,512
Sep 2004077943.245.28$4,116
Aug 200401,09942.375.55$6,100
Jul 2004092838.286.08$5,646
Jun 2004097136.106.43$6,246
May 200401,05537.486.49$6,852
Apr 200401,12734.475.86$6,602
Mar 2004058634.365.53$3,241
Feb 200401,00932.455.51$5,559
Jan 200401,44632.036.30$9,109
Dec 2003068430.266.30$4,310
Nov 20030128.804.60$5
Oct 200301828.174.76$86
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 200301,59629.415.17$8,253
Jun 200301,01428.565.98$6,067
May 200301,23626.595.97$7,382
Apr 200301,17826.675.41$6,370
Mar 200301,37531.146.10$8,382
Feb 2003084133.487.93$6,666
Jan 2003085130.315.58$4,750
Dec 2002098026.914.85$4,757
Nov 2002071324.664.14$2,950
Oct 2002096526.464.23$4,081
Sep 2002077327.443.64$2,810
Aug 200201,01025.963.16$3,196
Jul 2002594524.583.06$3,016
Jun 20027697623.733.34$5,062
May 20025786824.663.58$4,517
Apr 20026891323.653.51$4,815
Mar 20021271,02022.003.10$5,959
Feb 2002821,01618.222.38$3,908
Jan 200201,10617.172.38$2,628
Dec 200101,42316.932.36$3,365
Nov 200101,08118.072.41$2,600
Oct 200101,20919.782.53$3,057
Sep 2001089024.262.25$2,004
Aug 200101,10224.873.05$3,365
Jul 200101,49823.933.20$4,789
Jun 200101,06424.563.82$4,069
May 2001077425.524.31$3,334
Apr 200101,21024.685.34$6,456
Mar 200101,00124.545.38$5,382
Feb 200101,20527.755.77$6,949
Jan 200101,45527.478.40$12,220
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 200001,00131.875.19$5,192
Aug 200002,85329.644.54$12,955
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000725.272.48$17
Dec 199901,03724.282.42$2,513
Nov 1999048623.192.43$1,183
Oct 199901,26020.982.80$3,533
Sep 1999047021.752.62$1,231
Aug 199901,12619.262.88$3,238
Jul 199901,69417.892.37$4,019
Jun 1999085015.942.36$2,008
May 199931215.792.32$75
Apr 19994015.102.21$60
Mar 199901012.471.84$18
Feb 1999099.981.82$16
Jan 1999070610.381.90$1,341
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 199802,71811.242.24$6,081
May 199802,64812.622.21$5,842
Apr 199803,26013.042.51$8,167
Mar 199803,50112.802.31$8,085
Feb 199802,86013.952.30$6,576
Jan 199803,38514.702.15$7,294
Dec 199703,52916.322.41$8,509
Nov 199754,02318.193.09$12,515
Oct 199704,90419.253.15$15,447
Sep 199704,90017.742.95$14,479
Aug 199706,27317.862.55$16,026
Jul 199707,94717.582.25$17,856
Jun 199709,15417.242.26$20,662
May 199705,49418.972.31$12,683
Apr 199709,21617.882.08$19,195
Mar 199707,56018.951.94$14,660
Feb 199717,93220.492.21$17,518
Jan 1997010,66623.483.54$37,754
Dec 199609,00923.32$0
Nov 1996011,31421.97$0
Oct 1996011,41823.31$0
Sep 1996111,29022.22$22
Aug 1996011,59920.26$0
Jul 1996012,46619.55$0
Jun 1996412,20518.73$75
May 19963211,71819.43$622
Apr 1996011,42821.51$0
Mar 1996212,29119.38$39
Feb 1996315,09616.98$51
Jan 1996319,33417.07$51
Dec 19951315,41917.19$223
Nov 1995016,43216.00$0
Oct 1995322,90515.43$46
Sep 19959324,65216.18$1,505
Aug 1995426,34115.92$64
Jul 1995428,96515.24$61
Jun 19956231,46116.41$1,017
May 199514027,15617.56$2,458
Apr 199511541,11917.73$2,039
Mar 1995329,05316.44$49
Feb 1995225,34716.58$33
Jan 1995231,80215.92$32
Dec 1994435,95615.03$60
Nov 1994140,55615.90$16
Oct 1994248,45915.58$31
Sep 199410045,83315.29$1,529
Aug 1994551,18016.13$81
Jul 1994250,84417.56$35
Jun 1994254,75217.09$34
May 1994172,78115.88$16
Apr 1994174,46214.14$14
Mar 1994390,89712.46$37
Feb 19940109,02312.50$0
Jan 1994177,29612.66$13

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             1 bbl  × $106.41 =       $106
Gas                  326 Mcf  × $  3.05 =       $993

────────────────────────────────────────────────────
Month total                                   $1,099

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. 04/G/148003 is the state's own key, not one this site invented.