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Royalty Clerk

Operator report card · RRC P-5 480113

L & M Operating, Inc. report card

What the public record shows about L & M Operating, Inc.: 19 producing leases in 2 Texas counties, output down 8% on the year, 0 leases gained and 4 left in 24 months. Every line names its source.

All leases and productionCheck my statement
L & M Operating, Inc.Updated Sep 28, 2026What is known, from whom. No grades.
  1. Producing leases19
    State recordin 2 counties, reported through Jul 2026
  2. Oil, last 12 months against the 12 before−8%
    State record29,716 bbl
  3. Leases gained and left, 24 months+0 / −4
    State recordtaken over from, or passed to, another operator
  4. Gas vented or flared, last 12 months98.1%
    State recordshare of gas disposed of by disposition code 4
  5. What owners' statements shownot enough owners yet
    Owner statementsshown when 5 or more owners agree

Scale and direction

How much L & M Operating, Inc. produces, and which way it is moving

Totals across every lease the Railroad Commission lists under this operator. A change in the total can be a change in the leases, so the next section shows the leases gained and left.
Oil from L & M Operating, Inc., 12 months to 2026/07
35.2k202432.3k202529.7k2026

Barrels, all leases, each bar the 12 months ending in that year's latest month, whole lease.

  • Oil: 29,716 barrels in the 12 months to Jul 2026, −8.0% on the 12 months before.
  • Gas: 31,127 mcf, +5.5% on the year before.
  • Gas disposition: 98.1% of the gas it disposed of in the last 12 months was reported vented or flared.
  • Source: Railroad Commission of Texas, Production Data Query, file dated Sep 18, 2026. Open the source.

Leases gained and left

Leases L & M Operating, Inc. took over and passed on, last 24 months

A lease changes hands when the Railroad Commission's production reports switch from one operator to another. The lists show the biggest first; your statement's payor changes the month the reports do.

Gained (0)

None in the last 24 months.

Left (4)

  • Todd, J. S.Crockett County · District 7C, lease 03036 · reported under another operator after Jul 2025
  • Todd, J. S.Crockett County · District 7C, lease 04584 · reported under another operator after Jul 2025
  • Todd Estate -K-Crockett County · District 7C, lease 02033 · reported under another operator after Jul 2025
  • Todd Estate -K-Crockett County · District 7C, lease 04418 · reported under another operator after Jul 2025

Do your checks come from a different company than they did? See who took over whose leases, or read what the codes on a stub mean.

Who buys and moves its production

The companies that gather and buy L & M Operating, Inc.'s oil and gas

Shell Trading (Us) Company is listed on 19 of 19 producing leases. Your royalty is figured on what the lease sold, whoever pays you.
Current gatherers and purchasers on L & M Operating, Inc.'s producing leases
CompanyRoleLeasesof 19Shareof its leases
Shell Trading (Us) CompanyGatherer19100%
Davis Gas Processing, Inc.Gatherer, Purchaser1579%

Railroad Commission P-4 filings, the newest one listing gatherers and purchasers for each lease. A lease can list more than one company.

Who buys my oil and gas? takes your own lease.

What owners' statements show

Statements from L & M Operating, Inc. owners

Owners upload L & M Operating, Inc. statements to Royalty Clerk, and a figure is published only when 5 or more different owners are behind it. There are not enough yet.

Be one of the five

Upload a L & M Operating, Inc. statement and it counts, without your name, toward this comparison once enough owners have done the same. Your check is free, and you can opt out in one click.

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FAQ

Questions people ask

What is on the L & M Operating, Inc. report card?

the scale and direction of its output, leases it gained and left and who buys and moves its production. Each line says where it comes from: Railroad Commission records, SEC filings, or statements uploaded by owners, and there is no grade or rank.

When does L & M Operating, Inc. have to pay my royalties?

The first payment is due 120 days after the end of the month of first sale from the well. After that, payment follows your lease or written agreement, and if that is silent, no later than 60 days after the end of the month for oil and 90 days for gas (Natural Resources Code section 91.402).

Where do the owner figures come from?

From statements owners uploaded to Royalty Clerk. A figure appears only when 5 or more different owners are behind it, each owner counts once, and we show a middle value and the middle half, never one owner's line. Owners can opt out and the figures are rebuilt without them.

How the comparison is built

My check from L & M Operating, Inc. looks low. What do I do?

Upload the stub or a photo. We compare each line with the state's numbers for your lease and the Texas first purchase price for the month, and tell you what to ask L & M Operating, Inc..

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Related

Keep going

Get checks from L & M Operating, Inc.?

Upload a stub or a phone photo. We compare every month with the state numbers for the lease and tell you what to ask.

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Sources

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