BMT
BMT is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from May 2009 to August 2026, totalling 53,990 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $24K, with roughly $3K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 161 thousand cubic feet a month. Its strongest month on the record we hold was February 2018, at 938 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about BMT
- Who operates BMT?
- BMT is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is BMT?
- BMT is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 254387.
- Is BMT still producing?
- BMT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BMT is August 2026.
- How much has BMT produced?
- BMT has reported 53,990 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2009 and August 2026, from 1 wellbore.
- How much is BMT worth?
- The remaining production from BMT is estimated to be worth about $24K in total as of 26 August 2026, within a range of $18K to $29K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BMT is a fraction of it. The estimate fits an Arps decline curve to the production BMT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BMT is an estimate of value, not an offer and not an appraisal.
- How much income does BMT generate in a year?
- BMT is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BMT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | B.M.T. (Middle Wilcox) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 254387 |
| Wellbores | 1 |
| Reported production | 53,990 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $24K |
Where BMT sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.