OPERATORS · TEXAS · P-5 NUMBER 480113
L & M Operating, Inc.
- P-5 status
- Active (A)
- P-5 last filed
- Dec 31, 2025
- Based in
- Big Lake, TX
L & M Operating, Inc. has filed no drilling permits in the past 12 months; its most recent permit was issued January 25, 2013.
The RRC wellbore file lists 120 wells under its operatorship (111 producing).
Lease reports credit it with 30.5K barrels of oil and 31.2K mcf of gas in the 12 months reported through April 2026, down 6% on the year before.
It holds 3 active disposal or injection permits, injecting 48.3K barrels in the 12 months reported through June 2025.
11 drilling permits have been issued to this operator number since 2000; its P-5 organization report was last filed December 31, 2025.
- 0
- permits, last 12 months
- —
- vs prior 12 months (0)
- 0
- counties, 12 months
- 111
- producing wells, of 122 of record
- 24
- leases reported on · 20 today
- —
- horizontal, 12 months
WINDOWS ON THE RRC ISSUE DATE · COMPUTED NOV 9, 2026
From permit to spud
FROM THE DATES ON ITS W-1 PERMITS · ALL TIME
A permit is a plan, not a well. These figures count only permits old enough to have spudded, six months and more, and read the spud, cancel, and expiry dates the RRC records on each one.
- 100%
- spud rate · 11 of 11 mature permits
- 87
- median days permit to spud · middle half 60–148
- 0
- spuds, last 180 days
- 0%
- canceled · 0 permits
- 0
- expired undrilled
- 1
- permits a year over 13 active years
Permits issued by month
LAST 60 MONTHS · BY ISSUE DATE
Last 12 months 0 · prior 12 0
Counties
Counties by permits in the last 12 months, with all-time permits and current wells of record there.
All 11 permits, searchable → · Leases it reported on → · On the map →
Formations in wells it permitted
Tops reported on completion filings for wells permitted under this operator number, including wells others run today. RRC wellbore file. About tops →
| Formation | Wells | Permitted last 3 yrs |
|---|---|---|
| Grayburg | 9 | 0 |
| Santa Rosa | 2 | 0 |
| San Andres | 2 | 0 |
| Seven Rivers | 2 | 0 |
| Yates | 2 | 0 |
| Queen | 1 | 0 |
Production by month
PDQ LEASE REPORTS · REPORTED THROUGH APR 2026
Barrels on leases where this operator filed the production report. Lease-level by design; the latest months are revised upward as late reports arrive. From 24 leases it reported on; 4 are reported by other operators today.How production is reported →
- 30.5K
- bbl oil, last 12 reported months
- -6%
- vs the 12 months before
- 31.2K
- mcf gas incl. casinghead, last 12
- 1.34M
- bbl oil since reporting began
12 months through Apr 2026 30,454 · prior 12 32,540(-6%)
L & M Operating, Inc.: Oil by month.
Beyond the permit record
RRC wellbore file
Wells of record
RRC UIC permits · H-10 reported volumes
Disposal and injection
- 1.5K
- permitted bbl/day, active
- 48.3K
- bbl injected, last 12 reported months
- Jun 2025
- reported through
By county
| Reagan | 3 active | 1.5K bbl/d |
All 3 permits, with volumes → · On the map →
Permitted volume is a ceiling, not throughput. How to read it →
Operator of record and permit operator
120 wellbores of record
A well's operator of record is the RRC's, and its permit operator is the one on its latest drilling permit; neither fills in for the other. Its wellbores of record are counted as its wells, with its live permits; a well it permitted that another operator runs, or that the RRC lists with no operator at all, is not. Each count opens the wells it counts. Transfers and operator numbers →
Permit types
Last 12 months against the prior 12, and all time. A type opens the permit history filtered to it. What the types mean →
| Type | 12 mo | Prior 12 | All time |
|---|---|---|---|
| Drill | 0 | 0 | 11 |
Fields
RRC regulatory fields with the most wells of record under this operator. The field opens its page; the count opens this operator's wells in it.
| Field | Wells | Producing |
|---|---|---|
| Price (Grayburg)73085500 | 65 | 59 |
| Farmer (San Andres)30243500 | 29 | 29 |
| Weger North95869001 | 8 | 8 |
| Weger West (Grayburg)95874500 | 8 | 6 |
| V-Bar (San Andres)92813500 | 7 | 7 |
| Double -R- (Crinoidal)25782500 | 2 | 2 |
| Block 49 (2450)9521500 | 1 | 0 |
P-5 organization report
As registered with the RRC. About the P-5 →
- Registration
- Status Active (A)
- Last filed Dec 31, 2025
- Oil operator
- Address
- P O Box 846
- Big Lake, TX 76932
- (325) 226-2027
- Officers and agents
- Jones, Mikel Wade · President
- Jones, Laura Lynn · Vice President
Latest permits
NEWEST FIRST BY ISSUE DATE · FILED OR ON WELLS IT NOW OPERATES
About this data
Registration from the RRC P-5 organization report, refreshed weekly. Permits from the OGA049M master and daily daf420 files; wells of record from the EWA wellbore schedule; production from PDQ lease reports by the operator that filed them, through the statewide reported-through month; disposal from UIC permits and H-10 reports. Oil includes condensate from gas leases and gas includes casinghead gas from oil leases, as the RRC totals them. Summary figures are rebuilt nightly. Nothing is estimated.
Developers: this page as JSON is GET /v1/data/operators/tx/480113, documented in the API reference.