KING "B"

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the LA PERLA (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 122902District 04Field 50925015NGPA filingCondensateGasSaveExport
Value, all time
$1.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$53 k
at the published price for each month
Months reported
401
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 719 leases and 719 wells, and the rule below applies to all of them.

Discovered
1999-06-29
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 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 2010-11-02.

The Commission's schedule remark for this field reads: PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.

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
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
CondensateDisposition436 bbl$8,851
GasProduction574,894 Mcf$1,680,775
Total$1,689,626

178,094 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 27.0451, -99.4314. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.04509, -99.43143 · 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
9,000 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 9,000 ft.

Completions filed
Oct 1986
1 of 1 wells

1 well

42-505322132 D9,000 ftOct 1986

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 (401)

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

401 months

May 202601,326106.413.05$4,039
Apr 2026084198.932.87$2,413
Mar 2026027589.753.15$866
Feb 2026086663.503.75$3,248
Jan 2026099959.138.00$7,990
Dec 202501,25656.664.41$5,543
Nov 202521,25558.593.93$5,045
Oct 202501,47159.383.30$4,861
Sep 202501,44062.743.08$4,431
Aug 202501,55163.933.01$4,676
Jul 202501,71866.743.32$5,696
Jun 202511,38366.483.13$4,394
May 202501,69960.553.23$5,492
Apr 202502,05262.363.54$7,270
Mar 202503,00467.704.27$12,822
Feb 202524,50170.884.34$19,680
Jan 202502,16174.324.28$9,246
Dec 20240068.993.12$0
Nov 20240269.052.20$4
Oct 202402171.372.28$48
Sep 202404069.612.36$95
Aug 202401975.632.06$39
Jul 202405679.932.15$120
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 202401384.451.66$22
Mar 202401580.301.55$23
Feb 202402576.091.78$45
Jan 202402073.023.30$66
Dec 202302171.262.61$55
Nov 202303177.892.81$87
Oct 202302285.443.09$68
Sep 202303289.042.74$88
Aug 202302080.522.67$53
Jul 202301474.852.64$37
Jun 202304268.962.26$95
May 202302770.622.23$60
Apr 202302878.122.24$63
Mar 20230872.852.39$19
Feb 202303275.112.47$79
Jan 202301376.533.39$44
Dec 202204176.415.73$235
Nov 202203385.005.65$186
Oct 20220087.185.86$0
Sep 20220384.888.16$24
Aug 20220094.529.13$0
Jul 202203101.587.54$23
Jun 202202115.097.98$16
May 202203109.378.43$25
Apr 202202104.226.84$14
Mar 202204108.885.08$20
Feb 20220291.054.86$10
Jan 20220281.844.54$9
Dec 20210371.323.90$12
Nov 20210377.435.24$16
Oct 20210179.795.71$6
Sep 20210769.865.35$37
Aug 202106266.024.22$262
Jul 20210670.783.98$24
Jun 202104469.493.38$149
May 202102863.483.02$84
Apr 20210460.362.76$11
Mar 202101861.302.72$49
Feb 202101257.805.55$67
Jan 20210650.412.81$17
Dec 202002644.642.68$70
Nov 20200638.772.71$16
Oct 202001036.972.48$25
Sep 20200637.091.99$12
Aug 20200539.982.39$12
Jul 20200338.371.83$5
Jun 20200734.901.69$12
May 202002416.921.81$44
Apr 202003614.751.80$65
Mar 202003930.341.86$72
Feb 202001249.881.98$24
Jan 202002157.252.09$44
Dec 201901959.012.30$44
Nov 20190755.302.75$19
Oct 20190453.472.42$10
Sep 201901555.052.66$40
Aug 20190953.112.30$21
Jul 201901356.272.46$32
Jun 20190852.782.49$20
May 20190058.482.74$0
Apr 20190762.632.75$19
Mar 20190656.803.06$18
Feb 20190550.852.79$14
Jan 201901146.033.23$36
Dec 20180446.594.19$17
Nov 20180052.934.24$0
Oct 2018012461.443.40$421
Sep 201806859.543.11$211
Aug 2018015559.403.07$475
Jul 2018018265.142.93$534
Jun 2018124260.183.08$805
May 2018027965.382.90$809
Apr 2018025263.842.90$731
Mar 201801,10061.222.79$3,066
Feb 201801,06861.782.77$2,954
Jan 201801,05462.874.01$4,226
Dec 201701,16257.272.92$3,395
Nov 201701,25355.423.12$3,907
Oct 201701,57049.292.98$4,684
Sep 2017076447.523.09$2,359
Aug 201701,16845.373.00$3,509
Jul 201701,34743.873.09$4,159
Jun 201701,53042.493.09$4,724
May 201701,31245.373.26$4,282
Apr 2017077647.933.21$2,492
Mar 201701,35446.772.98$4,040
Feb 201701,29750.452.95$3,830
Jan 201702,09149.413.42$7,149
Dec 2016017248.763.72$640
Nov 2016028242.492.64$746
Oct 2016089946.193.09$2,778
Sep 2016099841.553.10$3,094
Aug 201601,06741.442.92$3,120
Jul 2016064441.622.92$1,883
Jun 201601,17645.352.69$3,159
May 201601,25242.521.99$2,493
Apr 201601,22236.561.99$2,433
Mar 201601,15833.011.79$2,077
Feb 201601,18726.472.06$2,450
Jan 201601,25527.352.36$2,967
Dec 201501,24432.362.00$2,490
Nov 201501,25238.792.17$2,714
Oct 201501,34643.552.43$3,266
Sep 201501,32842.992.76$3,663
Aug 201501,38840.162.87$3,987
Jul 201501,41248.152.95$4,158
Jun 201501,40656.152.88$4,053
May 201501,42655.212.96$4,214
Apr 201501,38149.822.71$3,738
Mar 201501,82242.892.93$5,347
Feb 2015040444.662.98$1,202
Jan 2015071043.433.10$2,201
Dec 2014054254.693.59$1,947
Nov 2014083470.464.25$3,546
Oct 201401,76278.303.90$6,873
Sep 2014037986.164.05$1,533
Aug 201401,24289.394.04$5,012
Jul 201401,48796.564.18$6,215
Jun 201401,06898.164.74$5,059
May 201401,09194.734.73$5,157
Apr 201401,49095.944.81$7,166
Mar 2014075295.895.06$3,803
Feb 201401,27697.406.19$7,901
Jan 201401,32090.404.86$6,416
Dec 201301,05091.824.35$4,572
Nov 201301,05688.853.74$3,948
Oct 201301,31097.423.78$4,951
Sep 201301,393104.113.72$5,179
Aug 201301,531104.253.52$5,393
Jul 201301,635102.523.72$6,079
Jun 201301,10894.403.93$4,358
May 2013077194.834.15$3,199
Apr 2013082993.964.28$3,550
Mar 201301,46993.623.91$5,748
Feb 201301,34491.233.42$4,596
Jan 201301,45891.603.42$4,986
Dec 201201,55186.773.42$5,305
Nov 201201,50386.953.62$5,448
Oct 201201,64589.383.40$5,592
Sep 201201,62094.672.92$4,728
Aug 201201,76392.662.91$5,127
Jul 201202,03685.133.02$6,150
Jun 201201,07979.822.52$2,718
May 201201,88791.612.49$4,695
Apr 201202,228101.652.00$4,449
Mar 201202,980105.052.22$6,622
Feb 201201,728101.102.57$4,441
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 201101884.983.65$66
Sep 201109983.623.99$395
Aug 2011032083.404.15$1,328
Jul 201101,76494.144.52$7,968
Jun 201101,96792.904.64$9,127
May 201101,56698.134.40$6,898
Apr 201102,311105.964.33$10,014
Mar 201101,80496.364.06$7,319
Feb 201101,67885.644.18$7,014
Jan 201101,61686.504.59$7,415
Dec 201001,62385.734.35$7,056
Nov 201001,03380.843.80$3,921
Oct 2010099578.103.51$3,491
Sep 2010050272.633.98$1,998
Aug 2010070573.684.42$3,116
Jul 2010066172.554.74$3,131
Jun 2010087770.364.91$4,306
May 2010073871.124.24$3,126
Apr 2010060681.694.12$2,498
Mar 2010063778.394.39$2,796
Feb 2010059273.585.44$3,222
Jan 2010069174.365.96$4,121
Dec 2009073871.445.48$4,047
Nov 2009048674.593.75$1,823
Oct 2009097172.544.11$3,991
Sep 2009096365.543.06$2,951
Aug 200901,02667.423.22$3,302
Jul 2009073861.133.46$2,557
Jun 2009073266.163.90$2,851
May 2009076254.743.93$2,991
Apr 2009066746.773.59$2,393
Mar 2009060942.144.06$2,472
Feb 2009055232.814.63$2,557
Jan 2009070735.865.37$3,797
Dec 2008062737.105.98$3,748
Nov 2008057855.496.86$3,965
Oct 2008078375.246.92$5,420
Sep 20080888101.767.88$6,995
Aug 20080695114.228.48$5,896
Jul 20080718131.0811.39$8,178
Jun 20080778131.3313.03$10,139
May 200801,273123.1711.57$14,734
Apr 20080627110.3110.45$6,555
Mar 20080727101.909.66$7,026
Feb 2008079292.538.77$6,946
Jan 2008067390.388.21$5,522
Dec 2007097288.337.30$7,098
Nov 2007092791.677.29$6,759
Oct 200701,84782.856.92$12,785
Sep 2007083175.846.24$5,189
Aug 2007090769.066.39$5,794
Jul 2007077570.906.39$4,951
Jun 2007086762.007.55$6,545
May 200701,12158.747.85$8,796
Apr 200702,18959.617.81$17,086
Mar 2007084656.927.30$6,177
Feb 2007090555.108.22$7,435
Jan 2007093750.306.73$6,303
Dec 200601,04656.656.92$7,237
Nov 200601,30354.207.62$9,926
Oct 200601,36454.906.01$8,203
Sep 200601,97660.085.04$9,954
Aug 200602,74568.717.34$20,148
Jul 20060069.376.34$0
Jun 200603066.286.38$192
May 2006011866.016.42$758
Apr 2006020764.397.36$1,524
Mar 2006092956.707.08$6,580
Feb 200601,84657.597.75$14,309
Jan 200602,24960.598.93$20,091
Dec 200502,54254.9413.42$34,102
Nov 200501,17754.6910.59$12,463
Oct 2005060358.3413.80$8,319
Sep 200501,44961.4512.08$17,502
Aug 200501,11761.519.80$10,943
Jul 2005093755.697.84$7,349
Jun 200501,23452.337.38$9,108
May 2005097345.226.65$6,472
Apr 200501,13549.207.36$8,354
Mar 200501,55050.377.15$11,090
Feb 200502,13545.226.31$13,476
Jan 200502,20643.166.32$13,947
Dec 200402,33839.866.75$15,784
Nov 200401,19145.286.33$7,540
Oct 20043965549.706.52$6,206
Sep 200401,01643.245.28$5,368
Aug 200401,08342.375.55$6,011
Jul 2004096038.286.08$5,841
Jun 200401,06336.106.43$6,838
May 2004066037.486.49$4,286
Apr 2004076134.475.86$4,458
Mar 2004091834.365.53$5,077
Feb 200402,20332.455.51$12,138
Jan 200401,43032.036.30$9,008
Dec 200301,82030.266.30$11,469
Nov 200301,36428.804.60$6,268
Oct 200302,09328.174.76$9,962
Sep 2003047126.314.75$2,237
Aug 200301,53729.765.13$7,884
Jul 200302,04129.415.17$10,554
Jun 200302,45228.565.98$14,670
May 200302,95026.595.97$17,619
Apr 20030026.675.41$0
Mar 2003084031.146.10$5,121
Feb 200301,44233.487.93$11,429
Jan 200301,56830.315.58$8,753
Dec 200201,86026.914.85$9,028
Nov 200201,88624.664.14$7,802
Oct 200201,11826.464.23$4,728
Sep 200201,43827.443.64$5,227
Aug 200202,02325.963.16$6,401
Jul 200201,71124.583.06$5,239
Jun 200201,81323.733.34$6,052
May 200201,80824.663.58$6,480
Apr 200201,32523.653.51$4,654
Mar 200201,56822.003.10$4,865
Feb 200201,89618.222.38$4,504
Jan 200202,21817.172.38$5,269
Dec 200102,29116.932.36$5,417
Nov 20011321,86818.072.41$6,879
Oct 200101,98519.782.53$5,020
Sep 200101,76924.262.25$3,983
Aug 200102,17224.873.05$6,631
Jul 200102,50523.933.20$8,009
Jun 200102,37624.563.82$9,086
May 200102,86425.524.31$12,336
Apr 200101,85224.685.34$9,881
Mar 200102,47424.545.38$13,301
Feb 200102,44027.755.77$14,072
Jan 200103,05827.478.40$25,683
Dec 200002,00226.889.12$18,263
Nov 200002,63032.215.66$14,881
Oct 200003,02731.235.15$15,575
Sep 200002,58231.875.19$13,392
Aug 200003,06529.644.54$13,917
Jul 200002,73128.534.09$11,169
Jun 200003,15429.304.40$13,869
May 200003,58127.263.68$13,177
Apr 200003,57724.513.12$11,146
Mar 200004,40828.422.86$12,606
Feb 200004,88627.622.73$13,322
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 1999044615.102.21$985
Mar 199902,15112.471.84$3,954
Feb 199902,0529.981.82$3,730
Jan 199912,60010.381.90$4,950
Dec 199802,5229.201.77$4,472
Nov 199802,62510.892.19$5,738
Oct 199802,81612.421.97$5,545
Sep 199812,53012.592.08$5,282
Aug 199802,38711.301.91$4,553
Jul 199822,65811.742.24$5,970
Jun 199802,70211.242.24$6,045
May 199802,67012.622.21$5,891
Apr 199802,51113.042.51$6,291
Mar 199802,73612.802.31$6,319
Feb 199802,34513.952.30$5,391
Jan 199802,81314.702.15$6,061
Dec 199712,59616.322.41$6,276
Nov 199702,77618.193.09$8,573
Oct 199702,84519.253.15$8,961
Sep 199702,91617.742.95$8,616
Aug 199702,45617.862.55$6,274
Jul 199702,63217.582.25$5,914
Jun 199702,60417.242.26$5,878
May 199702,66418.972.31$6,150
Apr 199712,67617.882.08$5,591
Mar 199702,84918.951.94$5,525
Feb 199762,60320.492.21$5,865
Jan 199703,20723.483.54$11,352
Dec 199603,11723.32$0
Nov 199603,07721.97$0
Oct 199603,20623.31$0
Sep 199603,12622.22$0
Aug 199602,91520.26$0
Jul 199603,15819.55$0
Jun 199602,84918.73$0
May 199602,41819.43$0
Apr 199603,64921.51$0
Mar 199603,51919.38$0
Feb 199602,92716.98$0
Jan 199603,69817.07$0
Dec 199504,32417.19$0
Nov 199503,08616.00$0
Oct 199502,06415.43$0
Sep 199503,50316.18$0
Aug 199504,06515.92$0
Jul 199513,38915.24$15
Jun 199504,27516.41$0
May 199504,01517.56$0
Apr 199502,43717.73$0
Mar 199512,91216.44$16
Feb 199501,83516.58$0
Jan 199503,91715.92$0
Dec 199404,22415.03$0
Nov 199424,24715.90$32
Oct 199404,01215.58$0
Sep 199404,27415.29$0
Aug 199404,28516.13$0
Jul 1994873,87417.56$1,528
Jun 199404,03217.09$0
May 199403,81215.88$0
Apr 199404,44514.14$0
Mar 199405,33812.46$0
Feb 199403,67012.50$0
Jan 199405,21112.66$0
Dec 199302,93512.33$0
Nov 199303,23614.49$0
Oct 199304,53915.85$0
Sep 19931554,07415.03$2,330
Aug 199303,96715.66$0
Jul 199303,93415.46$0
Jun 199304,09316.79$0
May 199314,63217.68$18
Apr 199304,87718.05$0
Mar 199303,04918.14$0
Feb 199304,41317.90$0
Jan 199305,44016.93$0

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                1,326 Mcf  × $  3.05 =     $4,039

────────────────────────────────────────────────────
Month total                                   $4,039

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/122902 is the state's own key, not one this site invented.