KING

Operated by LODESTONE OPERATING, INC. (P-5 100710) in the OLETHA (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 150941District 05Field 671026202 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.0 M
Jun 1994 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
384
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 88 leases and 88 wells, and the rule below applies to all of them.

Discovered
1992-02-23
as the register files it
Field class
Gas
the register's own label
Between wells
1,320 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 1995-03-21.

The Commission's schedule remark for this field reads: DENSITY REMAINS STATEWIDE.

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 Gas111995-04-11131314
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
CondensateDisposition1,897 bbl$60,092
GasProduction1,673,506 Mcf$3,891,628
Total$3,951,720

620,230 Mcf of this lease's gas, across 30 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 31.4521, -96.3870. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45208, -96.38696 · 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
10,000 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 10,000 ft.

Completions filed
Jun 2008
1 of 1 wells

1 well

42-29331038110,000 ftJun 2008

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 (384)

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

384 months

May 2026061106.413.05$186
Apr 202605098.932.87$143
Mar 202604889.753.15$151
Feb 202604963.503.75$184
Jan 202605159.138.00$408
Dec 202505256.664.41$229
Nov 202505058.593.93$196
Oct 202505059.383.30$165
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 202401269.052.20$26
Oct 202401271.372.28$27
Sep 202401069.612.36$24
Aug 20240575.632.06$10
Jul 20240079.932.15$0
Jun 20240578.082.63$13
May 20240578.812.20$11
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 202301680.522.67$43
Jul 202301074.852.64$26
Jun 20230568.962.26$11
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 202207984.888.16$645
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 2022018115.097.98$144
May 2022016109.378.43$135
Apr 2022021104.226.84$144
Mar 2022033108.885.08$168
Feb 202203491.054.86$165
Jan 202203181.844.54$141
Dec 202105271.323.90$203
Nov 202103977.435.24$204
Oct 202103779.795.71$211
Sep 202107969.865.35$423
Aug 202105266.024.22$219
Jul 202104170.783.98$163
Jun 202103869.493.38$128
May 202105863.483.02$175
Apr 202103560.362.76$97
Mar 202106761.302.72$182
Feb 202107457.805.55$411
Jan 202107850.412.81$219
Dec 2020010144.642.68$270
Nov 2020051138.772.71$1,383
Oct 2020021536.972.48$533
Sep 2020019337.091.99$384
Aug 2020019339.982.39$460
Jul 202002538.371.83$46
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 201528042.992.76$1,204
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 20145689.394.04$471
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 20131618104.253.52$1,731
Jul 20130856102.523.72$3,182
Jun 201301,28594.403.93$5,054
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20131491.603.42$105
Dec 20120086.773.42$0
Nov 201201886.953.62$65
Oct 2012011589.383.40$391
Sep 2012045594.672.92$1,328
Aug 2012422392.662.91$1,019
Jul 201282,37985.133.02$7,868
Jun 201271,84479.822.52$5,204
May 201202,01691.612.49$5,016
Apr 201251,602101.652.00$3,707
Mar 201201,794105.052.22$3,986
Feb 201201,715101.102.57$4,408
Jan 201251,53298.092.73$4,679
Dec 201102,48896.873.24$8,060
Nov 201102,05995.723.31$6,818
Oct 201151,32484.983.65$5,256
Sep 201161,69383.623.99$7,250
Aug 201103,58683.404.15$14,879
Jul 2011631,86994.144.52$14,374
Jun 201101,69592.904.64$7,865
May 2011121,95298.134.40$9,776
Apr 201172,125105.964.33$9,950
Mar 2011162,92696.364.06$13,414
Feb 201163,13085.644.18$13,597
Jan 201102,97786.504.59$13,661
Dec 2010102,80485.734.35$13,048
Nov 201002,92980.843.80$11,117
Oct 201002,76778.103.51$9,709
Sep 2010113,81772.633.98$15,989
Aug 201074,93973.684.42$22,343
Jul 201004,33372.554.74$20,523
Jun 2010165,53170.364.91$28,285
May 2010145,89571.124.24$25,962
Apr 201006,06081.694.12$24,984
Mar 201086,87678.394.39$30,804
Feb 201002,93073.585.44$15,946
Jan 2010186,10274.365.96$37,731
Dec 2009247,18871.445.48$41,132
Nov 200902,24574.593.75$8,422
Oct 200903,71672.544.11$15,274
Sep 2009067865.543.06$2,078
Aug 20090067.423.22$0
Jul 2009084461.133.46$2,924
Jun 2009098266.163.90$3,825
May 200901,15854.743.93$4,546
Apr 200921,13646.773.59$4,169
Mar 200902,54042.144.06$10,310
Feb 2009102,97332.814.63$14,102
Jan 200923,29135.865.37$17,748
Dec 200823,24737.105.98$19,482
Nov 200823,07355.496.86$21,193
Oct 200822,79375.246.92$19,484
Sep 200892,688101.767.88$22,089
Aug 200802,780114.228.48$23,583
Jul 2008152,618131.0811.39$31,784
Jun 20083859131.3313.03$11,589
May 20080798123.1711.57$9,236
Apr 200801,451110.3110.45$15,170
Mar 200802,195101.909.66$21,213
Feb 200802,09392.538.77$18,357
Jan 200801,79390.388.21$14,713
Dec 200792,23088.337.30$17,078
Nov 200702,20991.677.29$16,107
Oct 200702,33482.856.92$16,156
Sep 200702,35075.846.24$14,674
Aug 200712,32369.066.39$14,908
Jul 200702,08170.906.39$13,293
Jun 200701,81462.007.55$13,693
May 200711,79558.747.85$14,143
Apr 200701,15759.617.81$9,031
Mar 200701,34756.927.30$9,836
Feb 2007121,82155.108.22$15,623
Jan 200702,62150.306.73$17,631
Dec 200602,25156.656.92$15,573
Nov 2006092854.207.62$7,069
Oct 200601,94054.906.01$11,667
Sep 200602,12160.085.04$10,684
Aug 200662,67768.717.34$20,061
Jul 200602,84269.376.34$18,026
Jun 200602,73366.286.38$17,447
May 200602,79066.016.42$17,926
Apr 200602,38664.397.36$17,562
Mar 200602,56156.707.08$18,139
Feb 200602,35157.597.75$18,223
Jan 200602,73560.598.93$24,433
Dec 200502,42154.9413.42$32,479
Nov 200502,40354.6910.59$25,444
Oct 200502,69158.3413.80$37,124
Sep 200502,74361.4512.08$33,133
Aug 200502,74061.519.80$26,843
Jul 200502,53455.697.84$19,876
Jun 200502,69452.337.38$19,885
May 200502,65545.226.65$17,659
Apr 200512,76349.207.36$20,386
Mar 200502,92450.377.15$20,921
Feb 200502,75545.226.31$17,389
Jan 200503,01743.166.32$19,074
Dec 200402,73239.866.75$18,444
Nov 200412,81845.286.33$17,884
Oct 200402,82649.706.52$18,412
Sep 200402,64943.245.28$13,997
Aug 200402,48342.375.55$13,782
Jul 200402,89338.286.08$17,602
Jun 200402,89236.106.43$18,604
May 200413,18237.486.49$20,703
Apr 200413,29134.475.86$19,315
Mar 200403,43534.365.53$18,996
Feb 200402,92632.455.51$16,121
Jan 200402,95532.036.30$18,615
Dec 200302,98930.266.30$18,836
Nov 200303,00128.804.60$13,790
Oct 200303,05528.174.76$14,541
Sep 200312,97626.314.75$14,160
Aug 200303,50129.765.13$17,959
Jul 200303,68729.415.17$19,065
Jun 200313,64828.565.98$21,854
May 200313,70826.595.97$22,173
Apr 200313,79126.675.41$20,526
Mar 200303,92331.146.10$23,915
Feb 200303,74833.487.93$29,706
Jan 200304,21130.315.58$23,506
Dec 200204,32826.914.85$21,007
Nov 200203,44524.664.14$14,252
Oct 200204,33326.464.23$18,325
Sep 200204,28027.443.64$15,559
Aug 200204,61025.963.16$14,587
Jul 200205,00824.583.06$15,333
Jun 200204,82323.733.34$16,100
May 200205,31124.663.58$19,035
Apr 200204,52423.653.51$15,890
Mar 200203,18122.003.10$9,870
Feb 200201,63918.222.38$3,894
Jan 200202,02617.172.38$4,813
Dec 200102,47516.932.36$5,852
Nov 200102,53318.072.41$6,093
Oct 200103,32719.782.53$8,414
Sep 200103,20624.262.25$7,218
Aug 200103,08924.873.05$9,431
Jul 200103,53123.933.20$11,289
Jun 200103,54924.563.82$13,572
May 200104,23625.524.31$18,246
Apr 200104,02824.685.34$21,491
Mar 200104,58524.545.38$24,651
Feb 200104,05227.755.77$23,368
Jan 200104,35827.478.40$36,602
Dec 200004,70326.889.12$42,903
Nov 200003,85932.215.66$21,834
Oct 200004,72031.235.15$24,287
Sep 20001724,84831.875.19$30,626
Aug 200005,64029.644.54$25,610
Jul 200007,53528.534.09$30,816
Jun 200016,29629.304.40$27,714
May 200006,39127.263.68$23,517
Apr 200006,53624.513.12$20,366
Mar 200007,81328.422.86$22,343
Feb 200006,76527.622.73$18,445
Jan 2000497,01225.272.48$18,632
Dec 199907,25724.282.42$17,589
Nov 199907,20423.192.43$17,534
Oct 199908,18320.982.80$22,943
Sep 199908,64821.752.62$22,648
Aug 199909,49819.262.88$27,312
Jul 199909,96517.892.37$23,641
Jun 199909,39015.942.36$22,180
May 19991610,08115.792.32$23,651
Apr 1999010,60515.102.21$23,416
Mar 1999011,67812.471.84$21,468
Feb 1999011,0739.981.82$20,128
Jan 1999112,19810.381.90$23,186
Dec 1998013,3579.201.77$23,686
Nov 1998115,33510.892.19$33,529
Oct 1998014,13912.421.97$27,843
Sep 1998014,11612.592.08$29,398
Aug 1998114,52211.301.91$27,710
Jul 199817322,15011.742.24$51,587
Jun 1998022,19011.242.24$49,645
May 1998019,13512.622.21$42,218
Apr 1998017,58913.042.51$44,066
Mar 1998017,31612.802.31$39,990
Feb 1998116,13613.952.30$37,113
Jan 1998119,63214.702.15$42,318
Dec 1997222,76716.322.41$54,926
Nov 1997222,09918.193.09$68,284
Oct 1997124,85919.253.15$78,321
Sep 1997022,28317.742.95$65,844
Aug 1997024,16517.862.55$61,735
Jul 199717625,35417.582.25$60,063
Jun 1997028,37717.242.26$64,053
May 1997116,56918.972.31$38,269
Apr 1997016,65217.882.08$34,682
Mar 1997316,86018.951.94$32,751
Feb 1997015,52120.492.21$34,238
Jan 1997017,30223.483.54$61,244
Dec 1996020,24023.32$0
Nov 199618218,56421.97$3,999
Oct 1996019,93523.31$0
Sep 1996020,63922.22$0
Aug 1996020,19720.26$0
Jul 1996021,32219.55$0
Jun 1996020,45218.73$0
May 1996023,47719.43$0
Apr 1996122,26721.51$22
Mar 199618524,14419.38$3,585
Feb 1996023,66316.98$0
Jan 1996024,81117.07$0
Dec 1995026,48417.19$0
Nov 1995125,56216.00$16
Oct 199516728,83415.43$2,577
Sep 1995028,14616.18$0
Aug 1995022,06515.92$0
Jul 1995026,75115.24$0
Jun 1995029,63116.41$0
May 199517419,46817.56$3,055
Apr 199519,48517.73$18
Mar 199517639,07316.44$2,893
Feb 1995234,44016.58$33
Jan 1995142,51915.92$16
Dec 199426,62915.03$30
Nov 199431,48815.90$48
Oct 199421,82715.58$31
Sep 199422,38215.29$31
Aug 199434,60816.13$48
Jul 1994011,12717.56$0
Jun 19948017.09$137

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                   61 Mcf  × $  3.05 =       $186

────────────────────────────────────────────────────
Month total                                     $186

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. 05/G/150941 is the state's own key, not one this site invented.