LAUREL MINERAL ESTATE

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

Gas lease lease 218486District 04Field 462164032 tax incentive programmesCondensateGasSaveExport
Value, all time
$976 k
Jan 2006 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
245
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 246 leases and 246 wells, and the rule below applies to all of them.

Discovered
1998-09-22
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
High Cost Gas222006-10-30 – 2007-05-222 dockets
NGPA2none

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
CondensateDisposition277 bbl$19,169
GasProduction160,378 Mcf$957,291
Total$976,460

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 27.2007, -99.1527. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.20072, -99.15266 · 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
11,950 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 11,950 ft.

Completions filed
Jan 2006
1 of 1 wells

1 well

42-505354131211,950 ftJan 2006

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 (245)

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

245 months

May 2026020106.413.05$61
Apr 202603598.932.87$100
Mar 202603389.753.15$104
Feb 202623163.503.75$243
Jan 202604159.138.00$328
Dec 2025018956.664.41$834
Nov 20250058.593.93$0
Oct 20250959.383.30$30
Sep 202504562.743.08$138
Aug 202505563.933.01$166
Jul 202501166.743.32$36
Jun 202513366.483.13$170
May 202509560.553.23$307
Apr 202505062.363.54$177
Mar 202505767.704.27$243
Feb 202515570.884.34$310
Jan 202507674.324.28$325
Dec 202401068.993.12$31
Nov 2024110569.052.20$300
Oct 202402471.372.28$55
Sep 202409369.612.36$220
Aug 20241975.632.06$94
Jul 202417279.932.15$234
Jun 202406678.082.63$174
May 202407478.812.20$163
Apr 202405684.451.66$93
Mar 202427080.301.55$269
Feb 202407376.091.78$130
Jan 202409173.023.30$300
Dec 2023110971.262.61$356
Nov 202329777.892.81$428
Oct 2023010285.443.09$315
Sep 202377289.042.74$820
Aug 202304180.522.67$110
Jul 2023810174.852.64$866
Jun 202305168.962.26$115
May 2023017470.622.23$388
Apr 202301878.122.24$40
Mar 2023613872.852.39$767
Feb 202354775.112.47$491
Jan 2023010576.533.39$356
Dec 202209476.415.73$539
Nov 202209685.005.65$542
Oct 202246287.185.86$712
Sep 202204284.888.16$343
Aug 202238094.529.13$1,014
Jul 20220248101.587.54$1,870
Jun 20220273115.097.98$2,178
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202203108.885.08$15
Feb 20220591.054.86$24
Jan 202212381.844.54$186
Dec 20210071.323.90$0
Nov 20210177.435.24$5
Oct 202102579.795.71$143
Sep 202104769.865.35$251
Aug 20210666.024.22$25
Jul 20210370.783.98$12
Jun 20210269.493.38$7
May 2021012063.483.02$362
Apr 2021211360.362.76$432
Mar 2021010861.302.72$293
Feb 202105757.805.55$316
Jan 2021013350.412.81$374
Dec 202014144.642.68$154
Nov 202007538.772.71$203
Oct 202008836.972.48$218
Sep 202037537.091.99$261
Aug 202007639.982.39$181
Jul 202007738.371.83$141
Jun 202008034.901.69$135
May 202008516.921.81$154
Apr 2020105314.751.80$243
Mar 202007030.341.86$130
Feb 2020014349.881.98$283
Jan 202003757.252.09$78
Dec 2019012259.012.30$281
Nov 201905255.302.75$143
Oct 201908853.472.42$213
Sep 2019010055.052.66$266
Aug 201903453.112.30$78
Jul 201905256.272.46$128
Jun 201906252.782.49$154
May 201905158.482.74$140
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 201908450.852.79$235
Jan 2019211946.033.23$476
Dec 201804146.594.19$172
Nov 201805052.934.24$212
Oct 201808061.443.40$272
Sep 2018012759.543.11$395
Aug 2018016759.403.07$512
Jul 2018014365.142.93$419
Jun 2018015460.183.08$474
May 201819265.382.90$332
Apr 2018113463.842.90$453
Mar 2018011661.222.79$323
Feb 2018211461.782.77$439
Jan 2018214562.874.01$707
Dec 201709357.272.92$272
Nov 201728055.423.12$360
Oct 2017011049.292.98$328
Sep 2017210547.523.09$419
Aug 2017017345.373.00$520
Jul 201738543.873.09$394
Jun 2017013442.493.09$414
May 2017214445.373.26$561
Apr 201735447.933.21$317
Mar 2017011346.772.98$337
Feb 2017310650.452.95$464
Jan 201709949.413.42$338
Dec 2016215148.763.72$660
Nov 201608042.492.64$212
Oct 2016023146.193.09$714
Sep 201623641.553.10$195
Aug 2016220241.442.92$674
Jul 2016017041.622.92$497
Jun 2016045645.352.69$1,225
May 2016260142.521.99$1,282
Apr 201618136.561.99$198
Mar 201644833.011.79$218
Feb 2016034826.472.06$718
Jan 20162642127.352.36$1,707
Dec 20151645132.362.00$1,420
Nov 2015047438.792.17$1,027
Oct 2015057043.552.43$1,383
Sep 2015046242.992.76$1,274
Aug 2015014040.162.87$402
Jul 201535548.152.95$306
Jun 20151247356.152.88$2,037
May 2015039755.212.96$1,173
Apr 2015053049.822.71$1,434
Mar 2015028742.892.93$842
Feb 2015261644.662.98$1,923
Jan 2015012643.433.10$391
Dec 2014826854.693.59$1,400
Nov 2014446470.464.25$2,255
Oct 2014053378.303.90$2,079
Sep 2014059186.164.05$2,391
Aug 2014073589.394.04$2,966
Jul 201401,02396.564.18$4,276
Jun 2014039398.164.74$1,862
May 2014013394.734.73$629
Apr 2014012295.944.81$587
Mar 2014316995.895.06$1,142
Feb 2014334497.406.19$2,422
Jan 2014957590.404.86$3,609
Dec 2013061191.824.35$2,661
Nov 2013553288.853.74$2,433
Oct 2013071697.423.78$2,706
Sep 20135809104.113.72$3,528
Aug 201352691104.253.52$7,855
Jul 201310316102.523.72$2,200
Jun 2013059794.403.93$2,348
May 2013556994.834.15$2,835
Apr 2013154093.964.28$2,407
Mar 2013057593.623.91$2,250
Feb 2013052191.233.42$1,782
Jan 2013059991.603.42$2,049
Dec 2012063186.773.42$2,158
Nov 2012064386.953.62$2,331
Oct 2012062589.383.40$2,125
Sep 2012067494.672.92$1,967
Aug 2012072592.662.91$2,108
Jul 2012078085.133.02$2,356
Jun 2012093179.822.52$2,345
May 2012066691.612.49$1,657
Apr 20120534101.652.00$1,066
Mar 20120634105.052.22$1,409
Feb 20120575101.102.57$1,478
Jan 2012066298.092.73$1,810
Dec 2011064096.873.24$2,073
Nov 2011067895.723.31$2,245
Oct 2011069584.983.65$2,536
Sep 2011074083.623.99$2,949
Aug 2011079983.404.15$3,315
Jul 2011088894.144.52$4,011
Jun 2011096392.904.64$4,468
May 201101,13798.134.40$5,008
Apr 201101,814105.964.33$7,861
Mar 201102596.364.06$101
Feb 2011224485.644.18$1,191
Jan 2011051886.504.59$2,377
Dec 201016085.734.35$347
Nov 201041,22480.843.80$4,969
Oct 2010355978.103.51$2,196
Sep 201031,22272.633.98$5,081
Aug 201021,78773.684.42$8,045
Jul 2010029872.554.74$1,411
Jun 2010095570.364.91$4,689
May 2010035371.124.24$1,495
Apr 2010036681.694.12$1,509
Mar 201001,45878.394.39$6,399
Feb 201001,71173.585.44$9,312
Jan 201002,06174.365.96$12,292
Dec 200906271.445.48$340
Nov 2009012474.593.75$465
Oct 2009045372.544.11$1,862
Sep 200901,61565.543.06$4,950
Aug 200902,67467.423.22$8,606
Jul 200902,29961.133.46$7,965
Jun 2009062766.163.90$2,442
May 2009036154.743.93$1,417
Apr 2009082346.773.59$2,953
Mar 200901,55542.144.06$6,312
Feb 200901,07232.814.63$4,967
Jan 2009093935.865.37$5,043
Dec 2008047937.105.98$2,863
Nov 200801,81555.496.86$12,452
Oct 200801,50975.246.92$10,445
Sep 200802,456101.767.88$19,346
Aug 200803,369114.228.48$28,579
Jul 20080561131.0811.39$6,389
Jun 20080371131.3313.03$4,835
May 20080555123.1711.57$6,424
Apr 200802,449110.3110.45$25,604
Mar 200803,015101.909.66$29,137
Feb 200803,28092.538.77$28,768
Jan 200804,34790.388.21$35,670
Dec 200704,06788.337.30$29,697
Nov 200703791.677.29$270
Oct 2007033782.856.92$2,333
Sep 2007067075.846.24$4,184
Aug 2007078469.066.39$5,008
Jul 2007092970.906.39$5,934
Jun 2007042262.007.55$3,185
May 2007057158.747.85$4,480
Apr 2007030659.617.81$2,388
Mar 2007095856.927.30$6,995
Feb 200702,24355.108.22$18,428
Jan 200703,96850.306.73$26,692
Dec 200601,74556.656.92$12,073
Nov 200603,77154.207.62$28,726
Oct 200604,96654.906.01$29,865
Sep 200603,50960.085.04$17,676
Aug 200606,10968.717.34$44,840
Jul 2006026769.376.34$1,694
Jun 2006089266.286.38$5,694
May 200602,15366.016.42$13,833
Apr 200602,13064.397.36$15,678
Mar 200603,20356.707.08$22,687
Feb 2006012,64557.597.75$98,013
Jan 200609,28260.598.93$82,919

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                   20 Mcf  × $  3.05 =        $61

────────────────────────────────────────────────────
Month total                                      $61

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/218486 is the state's own key, not one this site invented.