BFMT WEST

Operated by LEWIS PETRO PROPERTIES, INC. (P-5 499978) in the OWEN (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 274851District 04Field 678854002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.3 M
Jul 2014 – May 2026
Value, last 12 filed months
$196 k
at the published price for each month
Months reported
143
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 811 leases and 811 wells, and the rule below applies to all of them.

Discovered
1971-11-11
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 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 2015-03-24.

The Commission's schedule remark for this field reads: LATERALS. EFFECTIVE 3/24/15;

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 Gas112015-12-10217623
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
CondensateDisposition1,993 bbl$113,444
GasProduction1,608,410 Mcf$5,204,340
Total$5,317,784

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 27.7465, -99.6916. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.74650, -99.69158 · 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
4,809 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 4,809 ft.

Completions filed
Jul 2014
1 of 1 wells

1 well

42-479425501H4,809 ftJul 2014

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 (143)

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

143 months

May 202604,671106.413.05$14,227
Apr 2026414,08998.932.87$15,790
Mar 202602,48789.753.15$7,833
Feb 202604,17263.503.75$15,646
Jan 202604,39559.138.00$35,151
Dec 202504,73756.664.41$20,906
Nov 202504,64158.593.93$18,223
Oct 202504,61459.383.30$15,249
Sep 202504,07462.743.08$12,535
Aug 202503,93163.933.01$11,851
Jul 202504,73666.743.32$15,701
Jun 202504,06566.483.13$12,718
May 202504,72060.553.23$15,257
Apr 202504,50662.363.54$15,965
Mar 2025714,46667.704.27$23,869
Feb 202504,14570.884.34$17,993
Jan 202504,09374.324.28$17,513
Dec 202404,59868.993.12$14,352
Nov 202403,87969.052.20$8,528
Oct 202404,99971.372.28$11,405
Sep 202404,96669.612.36$11,741
Aug 202405,31175.632.06$10,960
Jul 202405,12079.932.15$10,991
Jun 2024105,16878.082.63$14,393
May 202404,96878.812.20$10,922
Apr 2024201,26584.451.66$3,788
Mar 202404,73480.301.55$7,315
Feb 202404,90476.091.78$8,747
Jan 2024504,94973.023.30$19,971
Dec 202305,31971.262.61$13,886
Nov 202304,40877.892.81$12,376
Oct 202305,07785.443.09$15,674
Sep 202375,12689.042.74$14,643
Aug 202305,30580.522.67$14,180
Jul 2023215,39574.852.64$15,824
Jun 202305,33768.962.26$12,054
May 202305,26070.622.23$11,716
Apr 2023615,12878.122.24$16,241
Mar 202305,76172.852.39$13,787
Feb 202305,16375.112.47$12,730
Jan 202305,89076.533.39$19,954
Dec 202204,42276.415.73$25,334
Nov 202205,28385.005.65$29,829
Oct 2022115,53287.185.86$33,397
Sep 202205,44984.888.16$44,484
Aug 202215,64594.529.13$51,617
Jul 202295,829101.587.54$44,877
Jun 2022165,718115.097.98$47,455
May 202246,009109.378.43$51,112
Apr 2022165,999104.226.84$42,686
Mar 202206,186108.885.08$31,403
Feb 202204,75891.054.86$23,118
Jan 2022556,01781.844.54$31,804
Dec 202106,58271.323.90$25,664
Nov 2021246,08977.435.24$33,746
Oct 202106,92979.795.71$39,591
Sep 202104,84269.865.35$25,909
Aug 202166,69266.024.22$28,640
Jul 202105,48070.783.98$21,822
Jun 202106,43069.493.38$21,737
May 202106,56363.483.02$19,805
Apr 2021126,71860.362.76$19,255
Mar 2021336,67561.302.72$20,158
Feb 202106,02057.805.55$33,399
Jan 202106,78550.412.81$19,068
Dec 202007,05844.642.68$18,883
Nov 202006,88638.772.71$18,637
Oct 202007,26136.972.48$17,996
Sep 202007,21137.091.99$14,357
Aug 202017,18039.982.39$17,165
Jul 202007,54438.371.83$13,769
Jun 2020237,43534.901.69$13,370
May 202007,79816.921.81$14,151
Apr 2020237,07914.751.80$13,112
Mar 202007,91330.341.86$14,688
Feb 202007,55049.881.98$14,954
Jan 202008,17257.252.09$17,118
Dec 2019888,29559.012.30$24,308
Nov 201908,16155.302.75$22,448
Oct 201908,59853.472.42$20,795
Sep 201908,09655.052.66$21,513
Aug 201908,71153.112.30$20,073
Jul 201908,89456.272.46$21,880
Jun 201909,06152.782.49$22,573
May 201909,76058.482.74$26,746
Apr 2019579,46462.632.75$29,603
Mar 201908,33156.803.06$25,510
Feb 201918,27650.852.79$23,159
Jan 201938,82346.033.23$28,620
Dec 20181247,76146.594.19$38,260
Nov 201838,38152.934.24$35,671
Oct 201828,36461.443.40$28,544
Sep 201839,39959.543.11$29,391
Aug 2018110,43459.403.07$32,056
Jul 2018210,83065.142.93$31,883
Jun 201849,94960.183.08$30,853
May 2018811,19465.382.90$32,995
Apr 2018511,44663.842.90$33,522
Mar 20184912,44561.222.79$37,682
Feb 20185712,09861.782.77$36,986
Jan 2018211,07662.874.01$44,533
Dec 201739,86357.272.92$28,987
Nov 2017211,05255.423.12$34,575
Oct 2017211,42749.292.98$34,193
Sep 201709,42447.523.09$29,095
Aug 20174310,58645.373.00$33,755
Jul 2017811,30943.873.09$35,265
Jun 2017112,06942.493.09$37,303
May 201711012,66645.373.26$46,325
Apr 20173912,05447.933.21$40,582
Mar 2017212,60746.772.98$37,709
Feb 20173310,78050.452.95$33,494
Jan 2017312,88849.413.42$44,210
Dec 2016413,09548.763.72$48,946
Nov 20161812,86442.492.64$34,782
Oct 20163214,27346.193.09$45,585
Sep 20163313,28541.553.10$42,563
Aug 20162515,53841.442.92$46,474
Jul 20161616,46741.622.92$48,821
Jun 20162114,87745.352.69$40,909
May 2016018,67842.521.99$37,189
Apr 20162918,68036.561.99$38,253
Mar 20167219,28533.011.79$36,974
Feb 20162118,83726.472.06$39,428
Jan 20162420,94827.352.36$50,185
Dec 20154722,05232.362.00$45,656
Nov 20152219,51438.792.17$43,147
Oct 20151321,99343.552.43$53,934
Sep 20152423,94842.992.76$67,090
Aug 20154624,04140.162.87$70,905
Jul 2015225,19748.152.95$74,303
Jun 20151725,92956.152.88$75,704
May 20152528,92855.212.96$86,876
Apr 20151929,10149.822.71$79,710
Mar 20153632,58842.892.93$97,180
Feb 20152432,28744.662.98$97,164
Jan 20154739,56943.433.10$124,730
Dec 20143744,55254.693.59$162,026
Nov 20144249,67970.464.25$214,186
Oct 20148656,58978.303.90$227,485
Sep 20141565,15686.164.05$264,877
Aug 20142674,44089.394.04$302,698
Jul 201409,13796.564.18$38,189

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                4,671 Mcf  × $  3.05 =    $14,227

────────────────────────────────────────────────────
Month total                                  $14,227

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/274851 is the state's own key, not one this site invented.