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 168415District 04Field 047892372 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.9 M
May 1998 – May 2026
Value, last 12 filed months
$101 k
at the published price for each month
Months reported
337
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 Gas111998-10-16139610
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
CondensateDisposition2,103 bbl$120,604
GasProduction2,557,024 Mcf$9,750,769
Total$9,871,372

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 27.4361, -99.1312. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.43607, -99.13118 · 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
10,600 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 10,600 ft.

Completions filed
Feb 1999
1 of 1 wells

1 well

42-479369046510,600 ftFeb 1999

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 (337)

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

337 months

May 202652,184106.413.05$7,184
Apr 202692,12698.932.87$6,991
Mar 202662,21089.753.15$7,499
Feb 202642,13963.503.75$8,276
Jan 202632,72959.138.00$22,004
Dec 202521,91956.664.41$8,583
Nov 202572,01258.593.93$8,310
Oct 202541,31359.383.30$4,577
Sep 202532,06662.743.08$6,545
Aug 202531,94363.933.01$6,049
Jul 202592,22166.743.32$7,964
Jun 202502,08966.483.13$6,536
May 202572,17860.553.23$7,464
Apr 202562,13062.363.54$7,921
Mar 202562,21267.704.27$9,848
Feb 202542,00070.884.34$8,965
Jan 202582,21874.324.28$10,085
Dec 202482,28368.993.12$7,678
Nov 202442,22869.052.20$5,174
Oct 202482,28971.372.28$5,793
Sep 202442,24569.612.36$5,586
Aug 202462,42775.632.06$5,462
Jul 202462,40479.932.15$5,640
Jun 202462,32378.082.63$6,587
May 202442,39478.812.20$5,578
Apr 202472,33184.451.66$4,459
Mar 202462,48180.301.55$4,315
Feb 202492,42576.091.78$5,010
Jan 202442,89773.023.30$9,845
Dec 202382,20871.262.61$6,335
Nov 202322,09377.892.81$6,032
Oct 202362,22385.443.09$7,376
Sep 202342,16289.042.74$6,269
Aug 202342,25880.522.67$6,357
Jul 202352,22374.852.64$6,247
Jun 202342,35068.962.26$5,583
May 202372,40670.622.23$5,853
Apr 202372,26578.122.24$5,615
Mar 2023102,39472.852.39$6,458
Feb 202362,01275.112.47$5,412
Jan 202372,21276.533.39$8,029
Dec 202262,01076.415.73$11,974
Nov 202262,11785.005.65$12,463
Oct 202292,23787.185.86$13,902
Sep 202222,19684.888.16$18,097
Aug 202262,23094.529.13$20,921
Jul 202282,389101.587.54$18,831
Jun 202252,373115.097.98$19,505
May 202262,463109.378.43$21,427
Apr 202282,420104.226.84$17,381
Mar 202282,682108.885.08$14,486
Feb 202262,06491.054.86$10,575
Jan 202262,37781.844.54$11,277
Dec 202192,52571.323.90$10,487
Nov 202162,50177.435.24$13,562
Oct 2021112,61779.795.71$15,831
Sep 202162,56169.865.35$14,123
Aug 202182,69766.024.22$11,911
Jul 202172,56270.783.98$10,698
Jun 202142,48669.493.38$8,682
May 202182,48163.483.02$7,995
Apr 202182,49360.362.76$7,360
Mar 2021102,70561.302.72$7,962
Feb 202172,49357.805.55$14,236
Jan 202162,60750.412.81$7,629
Dec 202052,78044.642.68$7,661
Nov 202092,70338.772.71$7,665
Oct 202082,76636.972.48$7,151
Sep 202062,62437.091.99$5,447
Aug 202032,77239.982.39$6,731
Jul 2020102,92838.371.83$5,728
Jun 202072,55834.901.69$4,568
May 202002,67916.921.81$4,862
Apr 202092,69814.751.80$5,001
Mar 202052,76930.341.86$5,292
Feb 202042,55249.881.98$5,254
Jan 202092,74457.252.09$6,263
Dec 201982,67259.012.30$6,629
Nov 201982,50655.302.75$7,336
Oct 201982,73753.472.42$7,047
Sep 201982,74555.052.66$7,735
Aug 2019112,78953.112.30$7,011
Jul 201972,76056.272.46$7,184
Jun 201962,75452.782.49$7,177
May 2019112,85858.482.74$8,475
Apr 2019112,87662.632.75$8,600
Mar 201982,90956.803.06$9,362
Feb 2019112,57050.852.79$7,735
Jan 2019122,83346.033.23$9,698
Dec 2018102,99546.594.19$13,001
Nov 2018102,94852.934.24$13,021
Oct 201893,02761.443.40$10,839
Sep 2018103,01559.543.11$9,966
Aug 201863,17059.403.07$10,077
Jul 201893,17365.142.93$9,889
Jun 201873,07860.183.08$9,892
May 2018113,00065.382.90$9,422
Apr 2018142,76963.842.90$8,926
Mar 201863,13461.222.79$9,101
Feb 2018122,83561.782.77$8,583
Jan 2018113,32762.874.01$14,031
Dec 2017153,32757.272.92$10,579
Nov 201753,19055.423.12$10,225
Oct 201793,25349.292.98$10,150
Sep 201782,93647.523.09$9,444
Aug 201753,16845.373.00$9,745
Jul 201763,16943.873.09$10,047
Jun 201702,87842.493.09$8,885
May 201703,23645.373.26$10,560
Apr 201703,11047.933.21$9,988
Mar 201703,22846.772.98$9,631
Feb 2017132,91450.452.95$9,260
Jan 2017533,35649.413.42$14,092
Dec 2016443,26448.763.72$14,297
Nov 2016373,19742.492.64$10,026
Oct 2016493,33146.193.09$12,557
Sep 2016273,23641.553.10$11,155
Aug 2016343,40041.442.92$11,352
Jul 2016273,32041.622.92$10,833
Jun 2016523,37245.352.69$11,415
May 2016303,45642.521.99$8,157
Apr 2016603,35736.561.99$8,878
Mar 2016433,49833.011.79$7,695
Feb 2016283,28026.472.06$7,510
Jan 201653,54027.352.36$8,507
Dec 201503,78832.362.00$7,581
Nov 201503,73138.792.17$8,086
Oct 201503,90643.552.43$9,478
Sep 201503,84142.992.76$10,595
Aug 201503,94340.162.87$11,326
Jul 201504,07148.152.95$11,989
Jun 201503,84856.152.88$11,093
May 201504,08255.212.96$12,064
Apr 201504,06949.822.71$11,013
Mar 201504,40442.892.93$12,924
Feb 201502,92844.662.98$8,714
Jan 201503,82943.433.10$11,872
Dec 201403,49054.693.59$12,534
Nov 201403,73570.464.25$15,881
Oct 201403,39078.303.90$13,224
Sep 201403,39986.164.05$13,750
Aug 201403,99889.394.04$16,132
Jul 201403,93296.564.18$16,434
Jun 201403,81798.164.74$18,081
May 201403,84294.734.73$18,159
Apr 201404,01995.944.81$19,328
Mar 201404,04595.895.06$20,455
Feb 201403,50797.406.19$21,715
Jan 201404,11890.404.86$20,016
Dec 201304,43591.824.35$19,312
Nov 201304,59688.853.74$17,181
Oct 201303,52197.423.78$13,307
Sep 201304,346104.113.72$16,157
Aug 201304,469104.253.52$15,743
Jul 201304,647102.523.72$17,276
Jun 201304,61194.403.93$18,137
May 201304,48294.834.15$18,596
Apr 201304,58893.964.28$19,649
Mar 201304,65293.623.91$18,203
Feb 201303,33991.233.42$11,419
Jan 201304,55291.603.42$15,567
Dec 201204,68486.773.42$16,020
Nov 201204,32886.953.62$15,689
Oct 201204,83789.383.40$16,444
Sep 201204,55594.672.92$13,293
Aug 201204,26292.662.91$12,395
Jul 201204,89485.133.02$14,784
Jun 201204,83679.822.52$12,182
May 201205,08391.612.49$12,648
Apr 201205,332101.652.00$10,647
Mar 201204,872105.052.22$10,826
Feb 201204,644101.102.57$11,936
Jan 201204,87698.092.73$13,331
Dec 201104,81096.873.24$15,583
Nov 201105,02695.723.31$16,642
Oct 201105,20384.983.65$18,983
Sep 201105,01383.623.99$19,981
Aug 201105,27483.404.15$21,884
Jul 201105,30994.144.52$23,982
Jun 201115,18592.904.64$24,151
May 201115,32598.134.40$23,554
Apr 201115,333105.964.33$23,215
Mar 201125,62596.364.06$23,015
Feb 201154,72585.644.18$20,179
Jan 2011225,14486.504.59$25,508
Dec 2010315,82085.734.35$27,962
Nov 2010326,48480.843.80$27,196
Oct 2010256,91778.103.51$26,223
Sep 2010225,30972.633.98$22,725
Aug 2010235,56373.684.42$26,280
Jul 2010195,62472.554.74$28,016
Jun 2010145,22670.364.91$26,647
May 201003,66071.124.24$15,501
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 201005,24973.585.44$28,567
Jan 201005,97474.365.96$35,629
Dec 200906,50071.445.48$35,644
Nov 200905,15974.593.75$19,354
Oct 200905,75572.544.11$23,654
Sep 200905,61565.543.06$17,209
Aug 200906,14167.423.22$19,765
Jul 200906,10461.133.46$21,147
Jun 200905,90466.163.90$22,996
May 200906,60354.743.93$25,922
Apr 200906,33046.773.59$22,709
Mar 200906,56642.144.06$26,651
Feb 200906,00632.814.63$27,826
Jan 200906,17035.865.37$33,139
Dec 200826,38637.105.98$38,244
Nov 2008306,07855.496.86$43,362
Oct 2008286,57275.246.92$47,598
Sep 2008376,345101.767.88$53,745
Aug 2008296,960114.228.48$62,354
Jul 2008135,544131.0811.39$64,847
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 200608,82956.707.08$62,535
Feb 200605,15657.597.75$39,965
Jan 200608,20960.598.93$73,334
Dec 200508,87354.9413.42$119,035
Nov 200567,95354.6910.59$84,538
Oct 200558,61158.3413.80$119,087
Sep 200547,51061.4512.08$90,959
Aug 200558,61561.519.80$84,707
Jul 200508,64255.697.84$67,785
Jun 200509,00452.337.38$66,459
May 200509,03545.226.65$60,093
Apr 200509,63749.207.36$70,933
Mar 200509,00750.377.15$64,444
Feb 200508,27045.226.31$52,200
Jan 200517,24043.166.32$45,816
Dec 2004909,33239.866.75$66,588
Nov 2004859,50245.286.33$64,000
Oct 20048110,66549.706.52$73,509
Sep 20049311,95643.245.28$67,196
Aug 2004658,32142.375.55$48,941
Jul 2004799,41938.286.08$60,331
Jun 2004510,41636.106.43$67,187
May 200449,36137.486.49$60,946
Apr 2004010,18034.475.86$59,639
Mar 2004010,82034.365.53$59,836
Feb 2004010,38532.455.51$57,217
Jan 2004010,20932.036.30$64,313
Dec 2003011,93330.266.30$75,197
Nov 2003011,92228.804.60$54,784
Oct 2003011,95628.174.76$56,906
Sep 2003012,19226.314.75$57,904
Aug 2003011,96229.765.13$61,362
Jul 2003015,69729.415.17$81,167
Jun 200306,34828.565.98$37,980
May 2003013,09126.595.97$78,188
Apr 2003013,77526.675.41$74,485
Mar 2003014,68331.146.10$89,508
Feb 2003011,81433.487.93$93,636
Jan 200307,38330.315.58$41,212
Dec 2002011,78426.914.85$57,197
Nov 2002014,77424.664.14$61,119
Oct 2002012,42926.464.23$52,564
Sep 2002013,48527.443.64$49,021
Aug 2002015,04225.963.16$47,595
Jul 2002016,04524.583.06$49,126
Jun 2002017,28223.733.34$57,691
May 200207,41224.663.58$26,565
Apr 2002016,61123.653.51$58,343
Mar 200208,43822.003.10$26,181
Feb 2002013,94818.222.38$33,136
Jan 2002015,56617.172.38$36,980
Dec 2001016,46816.932.36$38,937
Nov 2001014,98518.072.41$36,047
Oct 2001017,58219.782.53$44,463
Sep 2001016,81324.262.25$37,851
Aug 2001018,65324.873.05$56,951
Jul 2001019,31323.933.20$61,745
Jun 2001019,01724.563.82$72,724
May 2001019,32425.524.31$83,235
Apr 2001016,79624.685.34$89,612
Mar 2001017,53424.545.38$94,271
Feb 2001015,64327.755.77$90,214
Jan 2001018,09227.478.40$151,950
Dec 2000019,02626.889.12$173,565
Nov 2000018,07932.215.66$102,291
Oct 2000020,16631.235.15$103,764
Sep 2000020,10531.875.19$104,275
Aug 2000021,51029.644.54$97,672
Jul 2000022,81228.534.09$93,295
Jun 2000017,78329.304.40$78,196
May 2000022,61327.263.68$83,210
Apr 2000023,19624.513.12$72,279
Mar 2000022,92428.422.86$65,557
Feb 2000022,88227.622.73$62,388
Jan 2000025,13525.272.48$62,347
Dec 1999024,32924.282.42$58,967
Nov 1999025,94823.192.43$63,157
Oct 1999028,82520.982.80$80,817
Sep 1999027,43821.752.62$71,856
Aug 1999030,94519.262.88$88,985
Jul 1999032,31317.892.37$76,658
Jun 1999034,65215.942.36$81,851
May 1999040,14815.792.32$93,184
Apr 1999044,76615.102.21$98,846
Mar 1999054,30512.471.84$99,831
Feb 1999035,7319.981.82$64,951
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 1998046,68412.421.97$91,931
Sep 1998050,57812.592.08$105,335
Aug 1998058,24311.301.91$111,090
Jul 1998067,91611.742.24$151,946
Jun 1998084,18111.242.24$188,336
May 1998093,55612.622.21$206,416

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             5 bbl  × $106.41 =       $532
Gas                2,184 Mcf  × $  3.05 =     $6,652

────────────────────────────────────────────────────
Month total                                   $7,184

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/168415 is the state's own key, not one this site invented.