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 198398District 04Field 047892372 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.3 M
Oct 2003 – May 2026
Value, last 12 filed months
$56 k
at the published price for each month
Months reported
272
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 Gas112004-04-19156170
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
CondensateDisposition2,134 bbl$127,734
GasProduction1,538,474 Mcf$9,164,615
Total$9,292,349

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 27.4362, -99.1131. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.43620, -99.11313 · 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
9,580 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 9,580 ft.

Completions filed
Oct 2003
1 of 1 wells

1 well

42-479385111689,580 ftOct 2003

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 (272)

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

272 months

May 202601,150106.413.05$3,503
Apr 202601,03398.932.87$2,964
Mar 202601,15189.753.15$3,625
Feb 202601,15663.503.75$4,335
Jan 202601,17159.138.00$9,366
Dec 202501,01256.664.41$4,466
Nov 202501,23158.593.93$4,833
Oct 202501,33159.383.30$4,399
Sep 202501,29362.743.08$3,978
Aug 202501,53863.933.01$4,637
Jul 202501,56166.743.32$5,175
Jun 202501,54766.483.13$4,840
May 202501,56960.553.23$5,072
Apr 202501,48362.363.54$5,254
Mar 2025111,57167.704.27$7,450
Feb 202501,38270.884.34$5,999
Jan 202501,47274.324.28$6,298
Dec 202401,50668.993.12$4,701
Nov 202401,48069.052.20$3,254
Oct 202401,38471.372.28$3,157
Sep 202401,50469.612.36$3,556
Aug 202401,61275.632.06$3,327
Jul 202401,58279.932.15$3,396
Jun 202401,57078.082.63$4,135
May 202401,67878.812.20$3,689
Apr 202401,68484.451.66$2,794
Mar 202401,68380.301.55$2,600
Feb 202401,63176.091.78$2,909
Jan 202401,65773.023.30$5,464
Dec 2023111,72071.262.61$5,274
Nov 202301,57277.892.81$4,413
Oct 202301,70485.443.09$5,261
Sep 202301,84289.042.74$5,038
Aug 202302,18480.522.67$5,838
Jul 202301,57874.852.64$4,169
Jun 202301,32768.962.26$2,997
May 202301,38370.622.23$3,080
Apr 202301,38478.122.24$3,097
Mar 2023431,43572.852.39$6,567
Feb 202301,30675.112.47$3,220
Jan 202301,54376.533.39$5,227
Dec 202201,28876.415.73$7,379
Nov 202201,61685.005.65$9,124
Oct 202201,73887.185.86$10,191
Sep 202201,40184.888.16$11,437
Aug 202201,16494.529.13$10,624
Jul 202201,280101.587.54$9,654
Jun 202201,015115.097.98$8,097
May 202201,370109.378.43$11,553
Apr 202201,331104.226.84$9,101
Mar 202221,364108.885.08$7,142
Feb 202201,20791.054.86$5,865
Jan 202201,14781.844.54$5,205
Dec 202101,20971.323.90$4,714
Nov 202101,25677.435.24$6,577
Oct 202101,21179.795.71$6,920
Sep 202101,30469.865.35$6,978
Aug 2021092566.024.22$3,904
Jul 202101,13270.783.98$4,508
Jun 202101,30569.493.38$4,412
May 202181,39563.483.02$4,717
Apr 202101,17960.362.76$3,252
Mar 202101,47761.302.72$4,013
Feb 202101,36057.805.55$7,545
Jan 202161,58150.412.81$4,746
Dec 202001,55244.642.68$4,152
Nov 202001,57138.772.71$4,252
Oct 202031,35036.972.48$3,457
Sep 202001,32537.091.99$2,638
Aug 202001,36439.982.39$3,253
Jul 202001,48038.371.83$2,701
Jun 202001,48034.901.69$2,502
May 202001,61816.921.81$2,936
Apr 202001,51814.751.80$2,739
Mar 2020101,83030.341.86$3,700
Feb 202001,74449.881.98$3,454
Jan 202001,92657.252.09$4,034
Dec 201901,93959.012.30$4,468
Nov 2019121,88155.302.75$5,838
Oct 201902,05753.472.42$4,975
Sep 201901,85955.052.66$4,940
Aug 201902,06753.112.30$4,763
Jul 201902,08456.272.46$5,127
Jun 2019131,88652.782.49$5,385
May 201902,27058.482.74$6,221
Apr 201901,65462.632.75$4,550
Mar 201901,62756.803.06$4,982
Feb 2019291,69550.852.79$6,207
Jan 201901,96546.033.23$6,343
Dec 201802,01246.594.19$8,421
Nov 201802,24852.934.24$9,525
Oct 2018302,24361.443.40$9,465
Sep 201802,19059.543.11$6,807
Aug 201802,47159.403.07$7,577
Jul 201802,23365.142.93$6,547
Jun 2018272,26060.183.08$8,579
May 201802,39065.382.90$6,933
Apr 201802,78263.842.90$8,070
Mar 201801,03861.222.79$2,893
Feb 2018199161.782.77$2,803
Jan 201801,43162.874.01$5,737
Dec 201751,18857.272.92$3,757
Nov 201701,04555.423.12$3,259
Oct 201701,43749.292.98$4,288
Sep 201701,60447.523.09$4,952
Aug 201701,86345.373.00$5,597
Jul 201702,25643.873.09$6,965
Jun 201732,19642.493.09$6,907
May 201701,82945.373.26$5,969
Apr 201702,40047.933.21$7,708
Mar 201702,52346.772.98$7,528
Feb 201792,03750.452.95$6,469
Jan 201702,61849.413.42$8,950
Dec 2016102,27748.763.72$8,964
Nov 201602,14242.492.64$5,664
Oct 201602,35546.193.09$7,278
Sep 2016102,29741.553.10$7,538
Aug 201602,39141.442.92$6,992
Jul 201602,21141.622.92$6,466
Jun 201602,17045.352.69$5,828
May 201672,47342.521.99$5,221
Apr 201602,23436.561.99$4,448
Mar 201641,24733.011.79$2,369
Feb 201601,88826.472.06$3,896
Jan 201652,20827.352.36$5,357
Dec 201502,56432.362.00$5,132
Nov 201502,14738.792.17$4,653
Oct 201512,55443.552.43$6,241
Sep 201542,46642.992.76$6,974
Aug 201502,41340.162.87$6,931
Jul 201502,89148.152.95$8,514
Jun 201572,78756.152.88$8,428
May 201592,82855.212.96$8,855
Apr 201502,94349.822.71$7,965
Mar 2015192,98142.892.93$9,563
Feb 201504,83144.662.98$14,378
Jan 201502,48143.433.10$7,693
Dec 201402,53654.693.59$9,108
Nov 201402,75370.464.25$11,705
Oct 201401,66478.303.90$6,491
Sep 201402,57686.164.05$10,421
Aug 201402,21889.394.04$8,950
Jul 201402,21196.564.18$9,241
Jun 201402,64598.164.74$12,529
May 201402,31594.734.73$10,942
Apr 201402,56595.944.81$12,335
Mar 201402,18595.895.06$11,049
Feb 201402,26897.406.19$14,043
Jan 201402,40690.404.86$11,695
Dec 201302,98091.824.35$12,976
Nov 201302,77188.853.74$10,359
Oct 201302,77297.423.78$10,476
Sep 201302,596104.113.72$9,651
Aug 201302,520104.253.52$8,877
Jul 201302,548102.523.72$9,473
Jun 201302,92994.403.93$11,521
May 201302,89394.834.15$12,003
Apr 201303,05193.964.28$13,066
Mar 201303,09793.623.91$12,118
Feb 201303,46991.233.42$11,864
Jan 201302,97191.603.42$10,161
Dec 201202,68186.773.42$9,169
Nov 201202,96486.953.62$10,744
Oct 201203,20789.383.40$10,903
Sep 201202,40894.672.92$7,028
Aug 201202,75292.662.91$8,003
Jul 201203,30585.133.02$9,984
Jun 201203,46679.822.52$8,731
May 201203,82491.612.49$9,515
Apr 201203,800101.652.00$7,588
Mar 201203,695105.052.22$8,211
Feb 201203,379101.102.57$8,685
Jan 201223,96498.092.73$11,034
Dec 201163,84896.873.24$13,048
Nov 2011212,91495.723.31$11,659
Oct 2011123,44084.983.65$13,571
Sep 2011173,77683.623.99$16,472
Aug 2011193,95683.404.15$17,999
Jul 2011125,14694.144.52$24,375
Jun 201101,85792.904.64$8,616
May 201102,36298.134.40$10,404
Apr 201104,702105.964.33$20,375
Mar 201104,11396.364.06$16,688
Feb 201103,53885.644.18$14,789
Jan 201103,87286.504.59$17,768
Dec 201064,00885.734.35$17,940
Nov 2010274,63280.843.80$19,763
Oct 2010124,73378.103.51$17,545
Sep 2010134,98272.633.98$20,770
Aug 2010244,36573.684.42$21,059
Jul 2010254,77972.554.74$24,449
Jun 201074,76070.364.91$23,866
May 201004,78071.124.24$20,244
Apr 201004,82181.694.12$19,875
Mar 201005,70678.394.39$25,042
Feb 201005,03773.585.44$27,413
Jan 201005,10274.365.96$30,429
Dec 200905,96671.445.48$32,716
Nov 200907,05874.593.75$26,478
Oct 200905,78972.544.11$23,794
Sep 200906,25665.543.06$19,173
Aug 200906,45367.423.22$20,769
Jul 200906,51561.133.46$22,571
Jun 200906,83966.163.90$26,638
May 200906,62554.743.93$26,008
Apr 200906,26446.773.59$22,472
Mar 200906,86242.144.06$27,853
Feb 200906,12632.814.63$28,382
Jan 200967,25335.865.37$39,171
Dec 2008777,25937.105.98$46,245
Nov 2008427,53755.496.86$54,037
Oct 2008647,86975.246.92$59,284
Sep 2008436,441101.767.88$55,112
Aug 200835,854114.228.48$50,002
Jul 2008116,079131.0811.39$70,678
Jun 2008198,441131.3313.03$112,504
May 2008119,001123.1711.57$105,535
Apr 2008208,868110.3110.45$94,920
Mar 2008209,242101.909.66$91,353
Feb 2008218,47192.538.77$76,239
Jan 2008199,14390.388.21$76,742
Dec 2007109,94088.337.30$73,465
Nov 20071510,01891.677.29$74,423
Oct 200798,85882.856.92$62,061
Sep 2007199,99775.846.24$63,864
Aug 2007712,06769.066.39$77,567
Jul 20072312,98870.906.39$84,597
Jun 20072611,57362.007.55$88,970
May 20071312,97358.747.85$102,553
Apr 20073210,09259.617.81$80,678
Mar 20072412,97556.927.30$96,109
Feb 20072112,34055.108.22$102,543
Jan 2007513,75450.306.73$92,773
Dec 2006713,93756.656.92$96,819
Nov 2006415,33754.207.62$117,046
Oct 2006912,28654.906.01$74,380
Sep 2006412,54260.085.04$63,417
Aug 2006815,21768.717.34$112,241
Jul 20061416,29069.376.34$104,295
Jun 20061512,55966.286.38$81,169
May 20061915,96066.016.42$103,797
Apr 20063116,33964.397.36$122,259
Mar 20064617,45356.707.08$126,226
Feb 20064015,57157.597.75$122,996
Jan 20063716,88860.598.93$153,108
Dec 20052518,69554.9413.42$252,174
Nov 20052314,99254.6910.59$159,999
Oct 20052016,04958.3413.80$222,575
Sep 20053314,46361.4512.08$176,726
Aug 20053516,26061.519.80$161,449
Jul 20052416,71155.697.84$132,412
Jun 20053815,90152.337.38$119,354
May 20056219,04045.226.65$129,442
Apr 20056023,79649.207.36$178,102
Mar 20058122,96250.377.15$168,370
Feb 20054518,26545.226.31$117,322
Jan 20051218,94343.166.32$120,279
Dec 20043321,21639.866.75$144,546
Nov 20042418,50545.286.33$118,231
Oct 20042420,59949.706.52$135,397
Sep 20042819,66143.245.28$105,097
Aug 20046221,96842.375.55$124,564
Jul 20044922,14438.286.08$136,604
Jun 20042021,64636.106.43$139,971
May 20042323,56737.486.49$153,920
Apr 20043024,01234.475.86$141,707
Mar 20042924,90834.365.53$138,741
Feb 20042619,70632.455.51$109,416
Jan 2004133,67332.036.30$212,160
Dec 20031541,58330.266.30$262,495
Nov 20031670,39428.804.60$323,932
Oct 200304,37628.174.76$20,828

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                1,150 Mcf  × $  3.05 =     $3,503

────────────────────────────────────────────────────
Month total                                   $3,503

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/198398 is the state's own key, not one this site invented.