L.F.T.

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

Gas lease lease 138581District 04Field 398182502 tax incentive programmesCondensateGasSaveExport
Value, all time
$669 k
Jan 1993 – May 2026
Value, last 12 filed months
$0
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 406 leases and 406 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
933 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 2008-04-24.

The Commission's schedule remark for this field reads: RULE 2 AMENDED. STANDARD 40 ACRES.

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
High Cost Gas112002-11-01149009
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
CondensateDisposition8 bbl$261
GasProduction292,023 Mcf$668,507
Total$668,769

130,426 Mcf of this lease's gas, across 44 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 26.9473, -99.1187. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.94730, -99.11866 · 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
11,500 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 11,500 ft.

Completions filed
May 1991
1 of 1 wells

1 well

42-50532758411,500 ftMay 1991

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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 200726,38250.306.73$43,031
Dec 200608,03056.656.92$55,555
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 200501,86950.377.15$13,372
Feb 200513,50045.226.31$22,137
Jan 200503,56343.166.32$22,526
Dec 200404,41039.866.75$29,772
Nov 200402,42345.286.33$15,339
Oct 200413,04949.706.52$19,914
Sep 200401,92943.245.28$10,193
Aug 200401,01142.375.55$5,612
Jul 2004092138.286.08$5,604
Jun 2004094636.106.43$6,086
May 200401,02637.486.49$6,663
Apr 2004089734.475.86$5,255
Mar 2004092734.365.53$5,126
Feb 2004087532.455.51$4,821
Jan 2004095132.036.30$5,991
Dec 2003099730.266.30$6,283
Nov 2003093628.804.60$4,301
Oct 2003098228.174.76$4,674
Sep 2003082026.314.75$3,894
Aug 2003083529.765.13$4,283
Jul 2003076929.415.17$3,976
Jun 2003079428.565.98$4,750
May 2003083626.595.97$4,993
Apr 2003085826.675.41$4,639
Mar 2003095231.146.10$5,803
Feb 2003095533.487.93$7,569
Jan 200301,13630.315.58$6,341
Dec 2002086526.914.85$4,199
Nov 2002096224.664.14$3,980
Oct 200201,06426.464.23$4,500
Sep 200201,02727.443.64$3,733
Aug 200201,05025.963.16$3,322
Jul 200201,14824.583.06$3,515
Jun 200201,24523.733.34$4,156
May 2002082324.663.58$2,950
Apr 2002090923.653.51$3,193
Mar 2002091722.003.10$2,845
Feb 2002082918.222.38$1,969
Jan 200201,26517.172.38$3,005
Dec 2001096416.932.36$2,279
Nov 200101,05718.072.41$2,543
Oct 200101,07519.782.53$2,719
Sep 200101,04624.262.25$2,355
Aug 200101,12724.873.05$3,441
Jul 200101,19423.933.20$3,817
Jun 200101,86524.563.82$7,132
May 2001087025.524.31$3,747
Apr 2001096424.685.34$5,143
Mar 2001093624.545.38$5,032
Feb 2001098427.755.77$5,675
Jan 200101,60227.478.40$13,455
Dec 200001,52026.889.12$13,866
Nov 200001,66832.215.66$9,438
Oct 200001,67531.235.15$8,619
Sep 200001,74031.875.19$9,025
Aug 200002,25029.644.54$10,217
Jul 200001,43828.534.09$5,881
Jun 2000092129.304.40$4,050
May 200001,20827.263.68$4,445
Apr 2000092624.513.12$2,885
Mar 200001,16828.422.86$3,340
Feb 200001,37627.622.73$3,752
Jan 200001,46025.272.48$3,622
Dec 199901,79624.282.42$4,353
Nov 199901,71223.192.43$4,167
Oct 199901,09020.982.80$3,056
Sep 199901,69121.752.62$4,428
Aug 199901,64919.262.88$4,742
Jul 199901,84517.892.37$4,377
Jun 199902,04315.942.36$4,826
May 199901,97615.792.32$4,586
Apr 199902,03515.102.21$4,493
Mar 199902,16412.471.84$3,978
Feb 199902,3889.981.82$4,341
Jan 199903,23710.381.90$6,150
Dec 199802,0049.201.77$3,554
Nov 1998010810.892.19$236
Oct 199801212.421.97$24
Sep 199801,16112.592.08$2,418
Aug 199802,06611.301.91$3,941
Jul 199801,62011.742.24$3,624
Jun 199801,68611.242.24$3,772
May 199802,18312.622.21$4,816
Apr 199801,66013.042.51$4,159
Mar 199801,37112.802.31$3,166
Feb 199801,58713.952.30$3,649
Jan 199801,91714.702.15$4,131
Dec 199702,28216.322.41$5,502
Nov 199701,92118.193.09$5,933
Oct 199701,73419.253.15$5,462
Sep 199701,85417.742.95$5,478
Aug 199702,23417.862.55$5,707
Jul 199701,86817.582.25$4,197
Jun 199701,59117.242.26$3,591
May 199701,91318.972.31$4,416
Apr 199702,15117.882.08$4,480
Mar 199702,06918.951.94$4,012
Feb 199701,87420.492.21$4,134
Jan 199702,38823.483.54$8,453
Dec 199601,87323.32$0
Nov 199601,77421.97$0
Oct 199602,46923.31$0
Sep 199602,98322.22$0
Aug 199601,98320.26$0
Jul 199602,31119.55$0
Jun 199602,05018.73$0
May 199602,37419.43$0
Apr 1996098221.51$0
Mar 199602,26819.38$0
Feb 199602,74116.98$0
Jan 199603,27617.07$0
Dec 199503,07217.19$0
Nov 199501,93116.00$0
Oct 199502,39315.43$0
Sep 199502,12316.18$0
Aug 199502,36615.92$0
Jul 199502,08815.24$0
Jun 199502,36816.41$0
May 199502,78317.56$0
Apr 199503,26417.73$0
Mar 199503,28816.44$0
Feb 199502,90716.58$0
Jan 199505,77915.92$0
Dec 199408,10615.03$0
Nov 199406,17515.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 1994053716.13$0
Jul 1994084217.56$0
Jun 1994077317.09$0
May 199404,92215.88$0
Apr 199404,37214.14$0
Mar 199404,46712.46$0
Feb 199402,31812.50$0
Jan 199401,57112.66$0
Dec 199312,87012.33$12
Nov 199304,14314.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 199301,98415.66$0
Jul 199302,95915.46$0
Jun 199302,97716.79$0
May 199313,19217.68$18
Apr 199313,83918.05$18
Mar 199304,68518.14$0
Feb 199313,84117.90$18
Jan 199304,40716.93$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.

Jan 2007 — as filed, then multipliedworked
Condensate             2 bbl  × $ 50.30 =       $101
Gas                6,382 Mcf  × $  6.73 =    $42,931

────────────────────────────────────────────────────
Month total                                  $43,031

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/138581 is the state's own key, not one this site invented.