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Royalty Clerk

Texas operator · P-5 480113

L & M Operating, Inc.

The Railroad Commission lists L & M Operating, Inc. as operator number 480113, P-5 active, in Big Lake, TX. Its leases reported 29,716 barrels of oil and 31,127 mcf of gas in the last twelve months.
The state recordGot a letter from them?

Facts and their sources. No rating, no opinion.

The record

What the state's files show about L & M Operating, Inc.

Railroad Commission record

Who the state lists

The Railroad Commission lists this company as an operator: it reports wells and leases in Texas.

Name on file
L & M OPERATING, INC.
Operator number (P-5)
480113
P-5 status
active
Organization type
Corporation
Location
Big Lake, TX
Mailing city
Big Lake, TX
Activities filed
Oil Operator
Last P-5 received
December 31, 2025
Record built
January 22, 1999
Refiling required
Yes

Source: Railroad Commission of Texas, P-5 Organization Report data set, as of September 22, 2026.

Comptroller and Secretary of State

A possible match in the Comptroller's file

This record matched the company by name and place, not by a number both files share. Check it before relying on it.

Legal name
L & M OPERATING, INC.
Taxpayer number
17527935146
Entity type
Texas profit corporation
Secretary of State file number
0151440900
Secretary of State status
Active (November 30, 1998)
Right to transact business in Texas
Active
Formed
November 30, 1998
Formed in
TX
Mailing city
San Angelo, TX

Source: Texas Comptroller, franchise tax permit holder file (data.texas.gov), as of September 26, 2026.

Look it up yourself: Secretary of State business filings (search for file number 0151440900), Comptroller account status.

Production

What the state's reports show

Oil, last 12 months
29,716 barrels
Down 8% from the 12 months before
Gas, last 12 months
31,127 mcf
Up 5.5% from the 12 months before

Oil reported each month, in barrels

  • Jul 20262,328
  • Jun 20262,430
  • May 20262,399
  • Apr 20262,251
  • Mar 20262,727
  • Feb 20262,930
  • Jan 20262,313
  • Dec 20252,701
  • Nov 20252,218
  • Oct 20252,467
  • Sep 20252,517
  • Aug 20252,435

Source: Railroad Commission of Texas, production data query, as of July 1, 2026.

Drilling permits

Permits filed with the state

0 drilling permits in the last three years. A permit is permission to drill. It is not a well.

Source: Railroad Commission of Texas, drilling permit records.

Leases

Leases this company operates

19 leases on the state record, 19 with production in the last twelve months. The largest by production:

Operator changes

Leases this company took over or handed over

0 taken over and 4 handed over since the state's history begins; 0 and 0 in the last twelve months. The month is the first month the change shows in production reports.

  • Handed over Todd Estate -K-, Crockett CountyAug 2025 · to 3TURTLE Oil & Gas, LLC
  • Handed over Todd, J. S., Crockett CountyAug 2025 · to 3TURTLE Oil & Gas, LLC
  • Handed over Todd Estate -K-, Crockett CountyAug 2025 · to 3TURTLE Oil & Gas, LLC
  • Handed over Todd, J. S., Crockett CountyAug 2025 · to 3TURTLE Oil & Gas, LLC

Use it

Follow this company, or check a paper it sent you

New permits and production

One email a week when L & M Operating, Inc. files a drilling permit, completes a well or reports first production. Free with an account.

Leases, counties and fields for L & M Operating, Inc.

A paper from this company

A division order, a lease, a buyout offer or a letter: upload it and we say what it is, what it asks and which terms deserve a question.

Read a letterCheck a buyout offerCheck a lease offer

FAQ

Questions people ask

Who is L & M Operating, Inc.?

The Railroad Commission lists L & M Operating, Inc. as operator number 480113, P-5 active, in Big Lake, TX. Its leases reported 29,716 barrels of oil and 31,127 mcf of gas in the last twelve months.

Is L & M Operating, Inc. a registered business in Texas?

The Comptroller's franchise tax file lists a possible match by name and place: L & M OPERATING, INC., a texas profit corporation, Secretary of State status Active, right to transact business in Texas: Active. The match is by name and place, not by a number both files share, so check it before relying on it. Confirm it in the Secretary of State's business search.

How much oil and gas did L & M Operating, Inc. report?

In the last twelve months the leases L & M Operating, Inc. operates reported 29,716 barrels of oil and 31,127 mcf of gas to the Railroad Commission, through July 1, 2026. It has 19 leases on the state record, 19 with production in that time.

I got a letter or an offer from L & M Operating, Inc.: what should I do?

Do not sign or call yet. Keep every page and the envelope, compare the paper with your deed, lease and last statements, and answer in writing. You can upload the letter to have it read: it says what kind of paper it is, what it asks, and which terms deserve a question, quoting the words they come from.

Upload the letter

Where does this page's information come from, and how current is it?

The record is the Railroad Commission's P-5 Organization Report file, dated September 22, 2026. The entity is the Comptroller's franchise tax file. Production, permits and leases are the Commission's own reports. The page shows no rating and no opinion.

Related

Sources

Primary sources, opened on 29 September 2026. Statute text is the current version on statutes.capitol.texas.gov.