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 148005District 04Field 047892372 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.1 M
Jan 1994 – May 2026
Value, last 12 filed months
$21 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 Gas111994-03-21129924
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
CondensateDisposition11,561 bbl$313,785
GasProduction1,446,476 Mcf$3,832,805
Total$4,146,591

539,125 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 27.3833, -99.1875. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.38325, -99.18747 · 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
11,600 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 11,600 ft.

Completions filed
Jan 1994
1 of 1 wells

1 well

42-479359583911,600 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 20261444106.413.05$1,459
Apr 2026243998.932.87$1,458
Mar 2026145589.753.15$1,523
Feb 2026141363.503.75$1,612
Jan 2026145359.138.00$3,682
Dec 2025045856.664.41$2,021
Nov 2025245158.593.93$1,888
Oct 2025147259.383.30$1,619
Sep 2025145762.743.08$1,469
Aug 2025147963.933.01$1,508
Jul 2025247166.743.32$1,695
Jun 2025046266.483.13$1,445
May 2025144560.553.23$1,499
Apr 2025138762.363.54$1,434
Mar 2025138767.704.27$1,720
Feb 2025135370.884.34$1,603
Jan 2025137674.324.28$1,683
Dec 2024240768.993.12$1,408
Nov 2024141869.052.20$988
Oct 2024243971.372.28$1,144
Sep 2024142669.612.36$1,077
Aug 2024146675.632.06$1,037
Jul 2024147679.932.15$1,102
Jun 2024149578.082.63$1,382
May 2024155678.812.20$1,301
Apr 2024157684.451.66$1,040
Mar 2024158180.301.55$978
Feb 2024349776.091.78$1,115
Jan 2024266373.023.30$2,332
Dec 2023248371.262.61$1,404
Nov 2023067977.892.81$1,906
Oct 2023262685.443.09$2,104
Sep 2023169589.042.74$1,990
Aug 2023165080.522.67$1,818
Jul 2023153374.852.64$1,483
Jun 2023276368.962.26$1,861
May 2023358770.622.23$1,519
Apr 2023140878.122.24$991
Mar 2023131372.852.39$822
Feb 2023129175.112.47$793
Jan 2023131076.533.39$1,127
Dec 2022362876.415.73$3,827
Nov 2022151285.005.65$2,976
Oct 2022259887.185.86$3,681
Sep 2022045084.888.16$3,674
Aug 2022048594.529.13$4,427
Jul 20222539101.587.54$4,268
Jun 20221615115.097.98$5,021
May 20221684109.378.43$5,878
Apr 20222619104.226.84$4,441
Mar 202241,130108.885.08$6,172
Feb 202231,03991.054.86$5,321
Jan 202231,10581.844.54$5,260
Dec 202141,13971.323.90$4,726
Nov 202131,12777.435.24$6,134
Oct 202131,21379.795.71$7,170
Sep 202131,14969.865.35$6,358
Aug 202131,23266.024.22$5,398
Jul 202141,26270.783.98$5,309
Jun 202121,09469.493.38$3,837
May 202141,16063.483.02$3,754
Apr 202141,28760.362.76$3,792
Mar 202151,33161.302.72$3,923
Feb 202131,22557.805.55$6,970
Jan 202141,34050.412.81$3,967
Dec 202031,39144.642.68$3,855
Nov 202041,26238.772.71$3,571
Oct 202041,35736.972.48$3,511
Sep 202031,26637.091.99$2,632
Aug 202011,32339.982.39$3,195
Jul 202041,33438.371.83$2,588
Jun 202051,31034.901.69$2,389
May 202001,36616.921.81$2,479
Apr 202041,35814.751.80$2,509
Mar 202021,41130.341.86$2,680
Feb 202041,74849.881.98$3,662
Jan 202061,89357.252.09$4,309
Dec 201951,61259.012.30$4,010
Nov 201951,41755.302.75$4,174
Oct 201951,84053.472.42$4,717
Sep 2019491955.052.66$2,662
Aug 201941,18453.112.30$2,941
Jul 201931,19456.272.46$3,106
Jun 201931,12452.782.49$2,958
May 201951,43658.482.74$4,228
Apr 201951,15262.632.75$3,482
Mar 201931,50856.803.06$4,788
Feb 201951,11650.852.79$3,370
Jan 201941,13646.033.23$3,851
Dec 201851,47546.594.19$6,406
Nov 201851,43552.934.24$6,345
Oct 201841,47061.443.40$5,241
Sep 201851,45159.543.11$4,807
Aug 201831,52859.403.07$4,864
Jul 201841,52765.142.93$4,738
Jun 201821,47460.183.08$4,656
May 201861,35665.382.90$4,326
Apr 201871,45863.842.90$4,676
Mar 201841,52661.222.79$4,498
Feb 201861,37061.782.77$4,160
Jan 201851,48862.874.01$6,280
Dec 201771,45857.272.92$4,660
Nov 201731,48855.423.12$4,806
Oct 201751,57449.292.98$4,943
Sep 201741,56147.523.09$5,009
Aug 201721,57345.373.00$4,817
Jul 201721,59443.873.09$5,009
Jun 201701,60142.493.09$4,943
May 201701,51045.373.26$4,928
Apr 201701,52347.933.21$4,891
Mar 201701,62246.772.98$4,840
Feb 201701,55150.452.95$4,579
Jan 201701,39049.413.42$4,752
Dec 201601,62648.763.72$6,053
Nov 201601,56542.492.64$4,138
Oct 201601,76646.193.09$5,457
Sep 201601,21441.553.10$3,764
Aug 201601,57541.442.92$4,606
Jul 201601,75341.622.92$5,126
Jun 201601,47445.352.69$3,959
May 201601,74742.521.99$3,478
Apr 201601,69836.561.99$3,381
Mar 201601,78033.011.79$3,193
Feb 201601,68326.472.06$3,473
Jan 201601,71027.352.36$4,043
Dec 201501,90432.362.00$3,811
Nov 201501,84938.792.17$4,007
Oct 201501,96243.552.43$4,761
Sep 201502,04242.992.76$5,633
Aug 201501,70440.162.87$4,895
Jul 201501,61848.152.95$4,765
Jun 201501,71456.152.88$4,941
May 201501,88855.212.96$5,580
Apr 201501,82249.822.71$4,931
Mar 201502,10242.892.93$6,169
Feb 201502,18144.662.98$6,491
Jan 201501,87443.433.10$5,811
Dec 201402,22854.693.59$8,002
Nov 201402,01670.464.25$8,572
Oct 201401,84378.303.90$7,189
Sep 201401,83486.164.05$7,419
Aug 201401,96589.394.04$7,929
Jul 201402,00096.564.18$8,359
Jun 201401,96198.164.74$9,289
May 201401,90394.734.73$8,995
Apr 201402,00695.944.81$9,647
Mar 201401,97095.895.06$9,962
Feb 201401,49397.406.19$9,245
Jan 201481,87090.404.86$9,813
Dec 2013462,09791.824.35$13,355
Nov 2013401,86688.853.74$10,530
Oct 2013472,04597.423.78$12,308
Sep 2013441,976104.113.72$11,927
Aug 2013432,169104.253.52$12,123
Jul 2013452,399102.523.72$13,532
Jun 2013102,40394.403.93$10,396
May 2013122,48794.834.15$11,457
Apr 2013163,60993.964.28$16,959
Mar 201381,86493.623.91$8,043
Feb 201381,29991.233.42$5,172
Jan 201392,11891.603.42$8,068
Dec 2012112,16286.773.42$8,349
Nov 201202,34886.953.62$8,511
Oct 201201,54189.383.40$5,239
Sep 201202,10094.672.92$6,129
Aug 201202,20892.662.91$6,421
Jul 201202,18885.133.02$6,610
Jun 201202,13179.822.52$5,368
May 201202,22691.612.49$5,539
Apr 201202,148101.652.00$4,289
Mar 201202,160105.052.22$4,800
Feb 201202,217101.102.57$5,698
Jan 201202,30398.092.73$6,297
Dec 201102,26496.873.24$7,335
Nov 201102,27995.723.31$7,546
Oct 201102,41484.983.65$8,808
Sep 201102,33383.623.99$9,299
Aug 201102,39383.404.15$9,929
Jul 201102,41294.144.52$10,896
Jun 201102,49392.904.64$11,567
May 201102,38698.134.40$10,510
Apr 201102,440105.964.33$10,573
Mar 201102,68196.364.06$10,878
Feb 201152,76385.644.18$11,977
Jan 2011251,81086.504.59$10,468
Dec 20102197985.734.35$6,057
Nov 2010372,14080.843.80$11,113
Oct 2010332,48578.103.51$11,297
Sep 2010332,32972.633.98$11,665
Aug 2010332,36273.684.42$12,870
Jul 2010222,40172.554.74$12,968
Jun 201002,22270.364.91$10,911
May 201002,27771.124.24$9,644
Apr 201002,07481.694.12$8,550
Mar 201002,49478.394.39$10,945
Feb 201002,28773.585.44$12,447
Jan 201002,46274.365.96$14,684
Dec 200972,52371.445.48$14,336
Nov 200932,45574.593.75$9,434
Oct 200922,44072.544.11$10,174
Sep 200922,36265.543.06$7,370
Aug 200932,75267.423.22$9,060
Jul 2009122,72861.133.46$10,185
Jun 2009122,66266.163.90$11,162
May 2009162,76454.743.93$11,727
Apr 2009182,63546.773.59$10,295
Mar 2009162,70942.144.06$11,670
Feb 200992,54232.814.63$12,072
Jan 2009152,76535.865.37$15,389
Dec 2008152,75237.105.98$17,006
Nov 2008212,56055.496.86$18,728
Oct 2008192,56675.246.92$19,191
Sep 2008252,614101.767.88$23,135
Aug 2008192,630114.228.48$24,481
Jul 2008112,761131.0811.39$32,888
Jun 200802,853131.3313.03$37,182
May 200803,133123.1711.57$36,262
Apr 200802,970110.3110.45$31,051
Mar 200803,073101.909.66$29,698
Feb 200802,86192.538.77$25,093
Jan 200802,91790.388.21$23,936
Dec 200702,82088.337.30$20,592
Nov 200702,72791.677.29$19,884
Oct 200702,98482.856.92$20,655
Sep 200702,97875.846.24$18,595
Aug 200703,19769.066.39$20,422
Jul 200703,39770.906.39$21,700
Jun 200703,37962.007.55$25,506
May 200703,72358.747.85$29,212
Apr 200702,12659.617.81$16,594
Mar 200705,73856.927.30$41,899
Feb 200741,97155.108.22$16,414
Jan 2007622,91950.306.73$22,754
Dec 2006602,40256.656.92$20,017
Nov 20061063,07054.207.62$29,131
Oct 20061003,22654.906.01$24,891
Sep 2006913,09160.085.04$21,037
Aug 20061003,24668.717.34$30,696
Jul 20061083,19269.376.34$27,738
Jun 200603,15666.286.38$20,148
May 200603,31666.016.42$21,305
Apr 200603,29764.397.36$24,268
Mar 200603,38856.707.08$23,997
Feb 200603,03557.597.75$23,525
Jan 200623,60260.598.93$32,299
Dec 2005533,99054.9413.42$56,439
Nov 2005353,98954.6910.59$44,151
Oct 2005172,24758.3413.80$31,991
Sep 2005142,33061.4512.08$29,004
Aug 2005313,77761.519.80$38,909
Jul 2005533,83855.697.84$33,055
Jun 2005603,95552.337.38$32,332
May 2005633,50945.226.65$26,188
Apr 2005713,64349.207.36$30,307
Mar 2005154,41250.377.15$32,323
Feb 2005924,06745.226.31$29,831
Jan 2005343,20843.166.32$21,749
Dec 2004512439.866.75$1,036
Nov 2004482,35745.286.33$17,094
Oct 2004422,42049.706.52$17,854
Sep 20042090043.245.28$5,620
Aug 2004543,19242.375.55$20,006
Jul 200404,05538.286.08$24,671
Jun 200401,44136.106.43$9,270
May 200401,60937.486.49$10,450
Apr 200401,63434.475.86$9,573
Mar 200401,67334.365.53$9,252
Feb 200401,82332.455.51$10,044
Jan 2004381,70532.036.30$11,958
Dec 2003482,30730.266.30$15,990
Nov 2003321,94028.804.60$9,836
Oct 2003462,97928.174.76$15,475
Sep 2003483,16226.314.75$16,280
Aug 2003443,04029.765.13$16,904
Jul 2003653,72729.415.17$21,183
Jun 200304,63628.565.98$27,737
May 200305,43226.595.97$32,444
Apr 200303,38826.675.41$18,320
Mar 200303,09331.146.10$18,855
Feb 20031062,69933.487.93$24,941
Jan 20031183,30430.315.58$22,020
Dec 2002421,12126.914.85$6,571
Nov 20021263,93624.664.14$19,390
Oct 2002943,08426.464.23$15,530
Sep 2002732,65527.443.64$11,655
Aug 2002582,26425.963.16$8,669
Jul 2002632,17024.583.06$8,193
Jun 200201,50323.733.34$5,017
May 200202,78024.663.58$9,964
Apr 200201,79923.653.51$6,319
Mar 200202,44422.003.10$7,583
Feb 200202,83218.222.38$6,728
Jan 200202,37517.172.38$5,642
Dec 2001323,20316.932.36$8,115
Nov 2001462,74718.072.41$7,439
Oct 2001403,48719.782.53$9,609
Sep 2001363,26324.262.25$8,219
Aug 2001222,22224.873.05$7,331
Jul 2001183,21023.933.20$10,693
Jun 2001468,99424.563.82$35,524
May 2001264,72125.524.31$20,998
Apr 2001264,12124.685.34$22,629
Mar 2001244,70624.545.38$25,890
Feb 2001194,80527.755.77$28,238
Jan 200104,66027.478.40$39,138
Dec 200004,60426.889.12$42,000
Nov 200004,34232.215.66$24,567
Oct 200004,96831.235.15$25,563
Sep 200004,20231.875.19$21,794
Aug 200004,41529.644.54$20,047
Jul 200014,90828.534.09$20,101
Jun 2000275,00929.304.40$22,817
May 2000355,15527.263.68$19,923
Apr 2000365,20024.513.12$17,086
Mar 2000395,11128.422.86$15,725
Feb 2000233,25127.622.73$9,499
Jan 2000343,98125.272.48$10,734
Dec 199906,48924.282.42$15,728
Nov 199908,70823.192.43$21,195
Oct 199928,27620.982.80$23,245
Sep 1999699,06421.752.62$25,238
Aug 1999202,23019.262.88$6,798
Jul 1999465,27017.892.37$13,325
Jun 1999394,44215.942.36$11,114
May 1999535,67315.792.32$14,004
Apr 19991254,79315.102.21$12,471
Mar 1999995,59612.471.84$11,522
Feb 1999804,8279.981.82$9,573
Jan 1999725,69210.381.90$11,562
Dec 1998846,2799.201.77$11,907
Nov 1998836,62910.892.19$15,393
Oct 19981005,97112.421.97$13,000
Sep 19981196,60512.592.08$15,254
Aug 19981676,71911.301.91$14,703
Jul 1998439,37711.742.24$21,484
Jun 19981638,51211.242.24$20,876
May 199807,47012.622.21$16,481
Apr 199807,93813.042.51$19,887
Mar 199806,58312.802.31$15,203
Feb 199807,32813.952.30$16,848
Jan 19981617,31014.702.15$18,118
Dec 199707,86816.322.41$18,971
Nov 199708,90218.193.09$27,492
Oct 199708,54819.253.15$26,925
Sep 199702,31917.742.95$6,852
Aug 199703,60317.862.55$9,205
Jul 19971177,14817.582.25$18,118
Jun 199707,55117.242.26$17,044
May 199718,75718.972.31$20,235
Apr 19971577,74717.882.08$18,942
Mar 199707,95518.951.94$15,426
Feb 199707,13320.492.21$15,735
Jan 199717,23223.483.54$25,623
Dec 19961598,48023.32$3,708
Nov 199608,07521.97$0
Oct 199608,35323.31$0
Sep 199618,85522.22$22
Aug 19961338,84720.26$2,695
Jul 199616,83219.55$20
Jun 199617,86618.73$19
May 19961298,34719.43$2,506
Apr 199618,83821.51$22
Mar 19961678,87319.38$3,236
Feb 19961628,44216.98$2,751
Jan 199619,69317.07$17
Dec 19951399,89517.19$2,389
Nov 199513810,96416.00$2,208
Oct 199513610,56615.43$2,098
Sep 199513810,77416.18$2,233
Aug 199513411,48515.92$2,133
Jul 199515012,54715.24$2,286
Jun 199516112,29116.41$2,642
May 199514912,97517.56$2,616
Apr 199515213,26217.73$2,695
Mar 199514714,00216.44$2,417
Feb 199512413,78816.58$2,056
Jan 199521515,11215.92$3,423
Dec 199426916,21215.03$4,043
Nov 199414417,18515.90$2,290
Oct 199419716,58515.58$3,069
Sep 199425017,88615.29$3,823
Aug 199426519,96416.13$4,274
Jul 199412319,26017.56$2,160
Jun 199430121,92117.09$5,144
May 199427724,12515.88$4,399
Apr 199427925,72914.14$3,945
Mar 199429731,12912.46$3,701
Feb 199442936,10112.50$5,363
Jan 199445443,86612.66$5,748

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                  444 Mcf  × $  3.05 =     $1,352

────────────────────────────────────────────────────
Month total                                   $1,459

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/148005 is the state's own key, not one this site invented.