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 148345District 04Field 047892372 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.8 M
Feb 1994 – May 2026
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
388
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 Gas111994-03-21129980
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
CondensateDisposition296 bbl$11,605
GasProduction3,134,388 Mcf$4,753,834
Total$4,765,439

1,913,909 Mcf of this lease's gas, across 35 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 27.3642, -99.1848. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.36418, -99.18477 · 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
11,200 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 11,200 ft.

Completions filed
Feb 1994
1 of 1 wells

1 well

42-479359864011,200 ftFeb 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 (388)

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

388 months

May 20260214106.413.05$652
Apr 202604498.932.87$126
Mar 2026115789.753.15$584
Feb 2026015763.503.75$589
Jan 2026015059.138.00$1,200
Dec 202509556.664.41$419
Nov 2025022858.593.93$895
Oct 2025011759.383.30$387
Sep 2025113162.743.08$466
Aug 202506863.933.01$205
Jul 2025112266.743.32$471
Jun 2025017966.483.13$560
May 2025024360.553.23$785
Apr 20250062.363.54$0
Mar 2025011967.704.27$508
Feb 2025020470.884.34$886
Jan 2025019274.324.28$822
Dec 202404468.993.12$137
Nov 202402169.052.20$46
Oct 2024021071.372.28$479
Sep 202405269.612.36$123
Aug 2024017775.632.06$365
Jul 2024118979.932.15$486
Jun 2024019878.082.63$522
May 202405578.812.20$121
Apr 2024019684.451.66$325
Mar 2024013180.301.55$202
Feb 2024015276.091.78$271
Jan 202407373.023.30$241
Dec 202312871.262.61$144
Nov 2023038577.892.81$1,081
Oct 202304585.443.09$139
Sep 2023011389.042.74$309
Aug 202305480.522.67$144
Jul 2023012974.852.64$341
Jun 2023012868.962.26$289
May 2023011870.622.23$263
Apr 2023012378.122.24$275
Mar 202304872.852.39$115
Feb 2023020175.112.47$496
Jan 2023012276.533.39$413
Dec 2022018176.415.73$1,037
Nov 2022016185.005.65$909
Oct 2022027387.185.86$1,601
Sep 2022012184.888.16$988
Aug 2022039094.529.13$3,560
Jul 202200101.587.54$0
Jun 20220191115.097.98$1,524
May 20220202109.378.43$1,703
Apr 20221231104.226.84$1,684
Mar 20220232108.885.08$1,178
Feb 2022036491.054.86$1,769
Jan 20220781.844.54$32
Dec 2021025671.323.90$998
Nov 2021127077.435.24$1,491
Oct 2021031579.795.71$1,800
Sep 2021017669.865.35$942
Aug 2021118766.024.22$855
Jul 2021030870.783.98$1,226
Jun 2021015969.493.38$538
May 2021129163.483.02$942
Apr 2021012760.362.76$350
Mar 2021122461.302.72$670
Feb 2021023557.805.55$1,304
Jan 2021022950.412.81$644
Dec 2020022144.642.68$591
Nov 2020022938.772.71$620
Oct 2020114936.972.48$406
Sep 2020125037.091.99$535
Aug 2020016139.982.39$384
Jul 2020121138.371.83$423
Jun 2020124034.901.69$441
May 2020034316.921.81$622
Apr 2020126314.751.80$489
Mar 202007730.341.86$143
Feb 2020139449.881.98$830
Jan 202001857.252.09$38
Dec 2019125559.012.30$647
Nov 20190055.302.75$0
Oct 20190153.472.42$2
Sep 20190155.052.66$3
Aug 201901353.112.30$30
Jul 201901556.272.46$37
Jun 201917752.782.49$245
May 2019125358.482.74$752
Apr 2019037762.632.75$1,037
Mar 2019138656.803.06$1,239
Feb 201904050.852.79$112
Jan 20193046.033.23$138
Dec 2018030946.594.19$1,293
Nov 2018150452.934.24$2,189
Oct 2018065461.443.40$2,222
Sep 2018151459.543.11$1,657
Aug 2018144859.403.07$1,433
Jul 2018138365.142.93$1,188
Jun 2018140460.183.08$1,303
May 2018277365.382.90$2,373
Apr 2018251263.842.90$1,613
Mar 2018146061.222.79$1,343
Feb 2018252561.782.77$1,576
Jan 2018160862.874.01$2,501
Dec 2017159657.272.92$1,799
Nov 2017158555.423.12$1,880
Oct 2017176449.292.98$2,329
Sep 2017223847.523.09$830
Aug 2017167945.373.00$2,085
Jul 2017134843.873.09$1,118
Jun 2017160642.493.09$1,913
May 2017044645.373.26$1,455
Apr 2017051147.933.21$1,641
Mar 2017165146.772.98$1,989
Feb 2017153750.452.95$1,636
Jan 2017050249.413.42$1,716
Dec 2016044148.763.72$1,642
Nov 2016044642.492.64$1,179
Oct 2016049246.193.09$1,520
Sep 2016049241.553.10$1,526
Aug 2016056741.442.92$1,658
Jul 2016062441.622.92$1,825
Jun 2016073245.352.69$1,966
May 2016069042.521.99$1,374
Apr 2016071136.561.99$1,416
Mar 2016097133.011.79$1,742
Feb 2016153726.472.06$1,135
Jan 2016182127.352.36$1,968
Dec 2015037032.362.00$741
Nov 2015037138.792.17$804
Oct 2015039543.552.43$959
Sep 2015037442.992.76$1,032
Aug 2015037540.162.87$1,077
Jul 2015036848.152.95$1,084
Jun 2015046456.152.88$1,338
May 2015022655.212.96$668
Apr 2015030549.822.71$826
Mar 2015033442.892.93$980
Feb 2015066944.662.98$1,991
Jan 2015089543.433.10$2,775
Dec 201401,01754.693.59$3,652
Nov 201401,54370.464.25$6,561
Oct 201401,56378.303.90$6,097
Sep 201401,57086.164.05$6,351
Aug 201401,37589.394.04$5,548
Jul 201401,59196.564.18$6,650
Jun 201401,70198.164.74$8,057
May 2014056194.734.73$2,652
Apr 2014066195.944.81$3,179
Mar 201401,12295.895.06$5,674
Feb 201401,28897.406.19$7,975
Jan 201401,26190.404.86$6,129
Dec 2013084791.824.35$3,688
Nov 201301,41788.853.74$5,297
Oct 201302,08397.423.78$7,872
Sep 20130661104.113.72$2,457
Aug 20130865104.253.52$3,047
Jul 201301,051102.523.72$3,907
Jun 201301,03594.403.93$4,071
May 201301,94694.834.15$8,074
Apr 201302,23093.964.28$9,550
Mar 201302,40193.623.91$9,395
Feb 201302,10691.233.42$7,202
Jan 201302,41191.603.42$8,245
Dec 201202,71986.773.42$9,299
Nov 201202,51086.953.62$9,099
Oct 201201,68889.383.40$5,739
Sep 201201,13194.672.92$3,301
Aug 201201,02092.662.91$2,966
Jul 201221,33585.133.02$4,203
Jun 201201,20779.822.52$3,040
May 201201,47291.612.49$3,663
Apr 201241,914101.652.00$4,228
Mar 201201,623105.052.22$3,606
Feb 201231,418101.102.57$3,948
Jan 201241,92298.092.73$5,647
Dec 201103,03996.873.24$9,846
Nov 201102,57095.723.31$8,510
Oct 201102,37684.983.65$8,669
Sep 201102,05683.623.99$8,195
Aug 2011202,85583.404.15$13,514
Jul 201102,70494.144.52$12,215
Jun 201101,81092.904.64$8,398
May 2011111,40498.134.40$7,264
Apr 201102,231105.964.33$9,668
Mar 201102,45596.364.06$9,961
Feb 201152,34285.644.18$10,218
Jan 201103,37686.504.59$15,492
Dec 201003,91285.734.35$17,008
Nov 201003,45480.843.80$13,109
Oct 201002,96478.103.51$10,400
Sep 201002,31272.633.98$9,201
Aug 201002,43373.684.42$10,752
Jul 201002,84472.554.74$13,471
Jun 201003,28270.364.91$16,116
May 201001,80071.124.24$7,623
Apr 2010058781.694.12$2,420
Mar 201001,22278.394.39$5,363
Feb 2010098073.585.44$5,334
Jan 201001,18474.365.96$7,061
Dec 200901,08271.445.48$5,933
Nov 200901,34274.593.75$5,035
Oct 200902,09072.544.11$8,590
Sep 200901,09865.543.06$3,365
Aug 200901,18967.423.22$3,827
Jul 200901,27261.133.46$4,407
Jun 200901,50066.163.90$5,843
May 200902,06754.743.93$8,115
Apr 200901,75346.773.59$6,289
Mar 200901,47642.144.06$5,991
Feb 200901,53632.814.63$7,116
Jan 200902,37535.865.37$12,756
Dec 200802,63737.105.98$15,762
Nov 200802,60955.496.86$17,899
Oct 200802,95975.246.92$20,482
Sep 200802,862101.767.88$22,544
Aug 200803,272114.228.48$27,756
Jul 200803,273131.0811.39$37,278
Jun 200802,996131.3313.03$39,046
May 200803,144123.1711.57$36,390
Apr 200803,365110.3110.45$35,181
Mar 200803,051101.909.66$29,485
Feb 200802,64492.538.77$23,189
Jan 200802,99590.388.21$24,576
Dec 200703,55988.337.30$25,988
Nov 200703,35491.677.29$24,456
Oct 200702,53482.856.92$17,540
Sep 200702,45975.846.24$15,354
Aug 200703,70769.066.39$23,680
Jul 200703,87470.906.39$24,747
Jun 200704,17862.007.55$31,537
May 200704,03558.747.85$31,660
Apr 200703,46159.617.81$27,014
Mar 200704,28956.927.30$31,318
Feb 200704,21555.108.22$34,630
Jan 200703,76850.306.73$25,347
Dec 200603,58956.656.92$24,830
Nov 200603,75354.207.62$28,588
Oct 200604,32554.906.01$26,010
Sep 200604,20360.085.04$21,171
Aug 200604,04668.717.34$29,697
Jul 200604,17869.376.34$26,500
Jun 200603,77966.286.38$24,125
May 200604,01966.016.42$25,822
Apr 200603,40764.397.36$25,077
Mar 200603,57556.707.08$25,321
Feb 200603,33757.597.75$25,865
Jan 200603,71860.598.93$33,214
Dec 200502,36654.9413.42$31,741
Nov 200503,87754.6910.59$41,051
Oct 200502,24458.3413.80$30,958
Sep 200504,11761.4512.08$49,729
Aug 200504,70561.519.80$46,094
Jul 200504,14455.697.84$32,504
Jun 200503,25852.337.38$24,047
May 200503,81145.226.65$25,348
Apr 200504,66649.207.36$34,344
Mar 200504,72350.377.15$33,793
Feb 200504,03345.226.31$25,456
Jan 200512,32443.166.32$14,736
Dec 200402,54139.866.75$17,154
Nov 200432,92145.286.33$18,627
Oct 200424,05949.706.52$26,544
Sep 200434,04343.245.28$21,493
Aug 200414,48842.375.55$24,954
Jul 200405,40538.286.08$32,885
Jun 200405,65836.106.43$36,398
May 200405,31437.486.49$34,512
Apr 200406,35334.475.86$37,219
Mar 200405,44634.365.53$30,117
Feb 200405,95132.455.51$32,788
Jan 200415,88432.036.30$37,099
Dec 2003126,06730.266.30$38,595
Nov 2003105,46928.804.60$25,419
Oct 200356,44928.174.76$30,836
Sep 200366,57826.314.75$31,399
Aug 200367,64129.765.13$39,375
Jul 200368,00229.415.17$41,554
Jun 200307,67928.565.98$45,943
May 200318,07226.595.97$48,238
Apr 200312,77126.675.41$15,010
Mar 200333,08731.146.10$18,912
Feb 200333,38733.487.93$26,945
Jan 200364,70230.315.58$26,429
Dec 200209,50126.914.85$46,116
Nov 200203,17624.664.14$13,139
Oct 200202,17826.464.23$9,211
Sep 200202,78727.443.64$10,131
Aug 200204,64925.963.16$14,710
Jul 200203,18224.583.06$9,743
Jun 200203,86823.733.34$12,912
May 200202,08424.663.58$7,469
Apr 200202,18523.653.51$7,674
Mar 200202,16022.003.10$6,702
Feb 200201,57018.222.38$3,730
Jan 200202,85017.172.38$6,771
Dec 200102,45416.932.36$5,802
Nov 200103,04218.072.41$7,318
Oct 200103,13919.782.53$7,938
Sep 200103,52224.262.25$7,929
Aug 200102,32224.873.05$7,089
Jul 200102,94823.933.20$9,425
Jun 200102,49524.563.82$9,541
May 200103,33225.524.31$14,352
Apr 200104,18524.685.34$22,328
Mar 200103,68124.545.38$19,791
Feb 200105,13027.755.77$29,585
Jan 200102,04927.478.40$17,209
Dec 200004,43126.889.12$40,422
Nov 200003,89232.215.66$22,021
Oct 200003,81731.235.15$19,640
Sep 200004,00731.875.19$20,782
Aug 200004,49129.644.54$20,393
Jul 200004,90328.534.09$20,052
Jun 200006,10129.304.40$26,828
May 200005,38027.263.68$19,797
Apr 200005,84124.513.12$18,201
Mar 200007,96528.422.86$22,778
Feb 200005,72927.622.73$15,620
Jan 200009,17325.272.48$22,754
Dec 1999010,17024.282.42$24,649
Nov 199909,54923.192.43$23,242
Oct 1999010,73720.982.80$30,103
Sep 1999013,57321.752.62$35,546
Aug 1999016,65419.262.88$47,890
Jul 1999016,09417.892.37$38,181
Jun 199902,18515.942.36$5,161
May 199902,13215.792.32$4,948
Apr 199902,98715.102.21$6,595
Mar 1999010,64812.471.84$19,575
Feb 1999012,8049.981.82$23,275
Jan 1999014,86910.381.90$28,250
Dec 1998014,3819.201.77$25,502
Nov 1998012,53510.892.19$27,398
Oct 1998016,18312.421.97$31,868
Sep 1998016,63312.592.08$34,640
Aug 1998017,61011.301.91$33,588
Jul 1998018,63911.742.24$41,700
Jun 1998010,90011.242.24$24,386
May 1998016,40912.622.21$36,204
Apr 1998018,51413.042.51$46,384
Mar 1998019,52212.802.31$45,085
Feb 1998019,07113.952.30$43,847
Jan 1998021,39514.702.15$46,102
Dec 1997021,99716.322.41$53,037
Nov 1997021,67518.193.09$66,938
Oct 1997021,61519.253.15$68,083
Sep 1997021,57517.742.95$63,752
Aug 1997023,60217.862.55$60,297
Jul 1997024,11117.582.25$54,176
Jun 1997022,78817.242.26$51,437
May 1997324,73218.972.31$57,151
Apr 1997125,13017.882.08$52,358
Mar 1997226,65718.951.94$51,730
Feb 1997224,16520.492.21$53,347
Jan 1997327,63523.483.54$97,890
Dec 1996128,06923.32$23
Nov 1996128,32821.97$22
Oct 1996330,20923.31$70
Sep 1996330,11222.22$67
Aug 1996132,07920.26$20
Jul 1996232,96219.55$39
Jun 19963832,87718.73$712
May 1996135,21419.43$19
Apr 1996135,37121.51$22
Mar 1996838,18019.38$155
Feb 1996136,70916.98$17
Jan 1996341,99317.07$51
Dec 1995139,06317.19$17
Nov 1995239,04916.00$32
Oct 1995341,88215.43$46
Sep 1995440,97016.18$65
Aug 1995144,19415.92$16
Jul 1995545,60915.24$76
Jun 1995246,46016.41$33
May 1995249,17017.56$35
Apr 1995249,02217.73$35
Mar 1995253,46416.44$33
Feb 1995049,84916.58$0
Jan 1995257,50115.92$32
Dec 1994259,98015.03$30
Nov 1994262,34615.90$32
Oct 1994268,95015.58$31
Sep 1994272,84015.29$31
Aug 1994283,14716.13$32
Jul 1994083,89717.56$0
Jun 1994289,08617.09$34
May 1994387,56515.88$48
Apr 19942108,49614.14$28
Mar 19948137,54612.46$100
Feb 19944101,72012.50$50

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                  214 Mcf  × $  3.05 =       $652

────────────────────────────────────────────────────
Month total                                     $652

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/148345 is the state's own key, not one this site invented.