KING, GAIL

Name: KING, GAIL lease production and value, Aug 1994 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by XTO ENERGY INC. (P-5 945936) in the BEAR GRASS (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 151837District 05Field 064768002 tax incentive programmesCondensateGasSave Export

Value, all time

$1.3 M

Aug 1994 – Dec 2006

Value, last 12 filed months

$389 k

at the published price for each month

Months reported

149

no gaps in the span

Streams

condensate, gas

The BEAR GRASS (TRAVIS PEAK) field

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 271 leases and 271 wells, and the rule below applies to all of them.

Discovered

1980-03-18

as the register files it

Field class

Gas

the register's own label

Between wells

600 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2007-09-11.

The Commission's schedule remark for this field reads: “FOR PRORATION PURPOSES.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1997-12-10	137800
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	3,320 bbl	$127,493
Gas	Production	565,385 Mcf	$1,174,428
Total			$1,301,921

284,465 Mcf of this lease's gas, across 29 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 31.3920, -96.2294. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.39200, -96.22941 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

10,071 ft

1 wells filed one

Completion to plug

14 months

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 10,071 ft.

Completions filed

Oct 2005

1 of 1 wells

Plug dates filed

Dec 2006

1 of 1 wells

Last completion to plug: a median of 14 months across the 1 well that filed both dates, with the middle half between 14 months and 14 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-28931207	3	10,071 ft	Oct 2005	Dec 2006	Yes

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 (149)

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

149 months


Dec 2006	118	0	56.65	6.92	$6,685
Nov 2006	1	2,110	54.20	7.62	$16,127
Oct 2006	1	3,874	54.90	6.01	$23,352
Sep 2006	188	3,668	60.08	5.04	$29,771
Aug 2006	1	4,159	68.71	7.34	$30,595
Jul 2006	183	4,510	69.37	6.34	$41,301
Jun 2006	1	6,378	66.28	6.38	$40,783
May 2006	177	4,194	66.01	6.42	$38,630
Apr 2006	1	3,303	64.39	7.36	$24,376
Mar 2006	177	3,369	56.70	7.08	$33,898
Feb 2006	185	5,299	57.59	7.75	$51,727
Jan 2006	165	4,690	60.59	8.93	$51,895
Dec 2005	184	5,763	54.94	13.42	$87,422
Nov 2005	186	5,380	54.69	10.59	$67,138
Oct 2005	4	4,538	58.34	13.80	$62,839
Sep 2005	0	86	61.45	12.08	$1,039
Aug 2005	0	136	61.51	9.80	$1,332
Jul 2005	0	198	55.69	7.84	$1,553
Jun 2005	0	69	52.33	7.38	$509
May 2005	0	60	45.22	6.65	$399
Apr 2005	0	24	49.20	7.36	$177
Mar 2005	0	176	50.37	7.15	$1,259
Feb 2005	0	121	45.22	6.31	$764
Jan 2005	0	232	43.16	6.32	$1,467
Dec 2004	0	242	39.86	6.75	$1,634
Nov 2004	0	99	45.28	6.33	$627
Oct 2004	0	244	49.70	6.52	$1,590
Sep 2004	0	202	43.24	5.28	$1,067
Aug 2004	0	225	42.37	5.55	$1,249
Jul 2004	0	467	38.28	6.08	$2,841
Jun 2004	0	143	36.10	6.43	$920
May 2004	0	182	37.48	6.49	$1,182
Apr 2004	0	415	34.47	5.86	$2,431
Mar 2004	0	474	34.36	5.53	$2,621
Feb 2004	0	509	32.45	5.51	$2,804
Jan 2004	0	532	32.03	6.30	$3,351
Dec 2003	0	654	30.26	6.30	$4,121
Nov 2003	0	493	28.80	4.60	$2,265
Oct 2003	0	641	28.17	4.76	$3,051
Sep 2003	0	760	26.31	4.75	$3,610
Aug 2003	0	789	29.76	5.13	$4,047
Jul 2003	0	770	29.41	5.17	$3,982
Jun 2003	0	849	28.56	5.98	$5,080
May 2003	0	659	26.59	5.97	$3,936
Apr 2003	0	754	26.67	5.41	$4,077
Mar 2003	0	822	31.14	6.10	$5,011
Feb 2003	0	708	33.48	7.93	$5,612
Jan 2003	0	884	30.31	5.58	$4,935
Dec 2002	1	1,045	26.91	4.85	$5,099
Nov 2002	0	963	24.66	4.14	$3,984
Oct 2002	0	1,008	26.46	4.23	$4,263
Sep 2002	0	1,087	27.44	3.64	$3,951
Aug 2002	0	1,098	25.96	3.16	$3,474
Jul 2002	0	1,265	24.58	3.06	$3,873
Jun 2002	0	1,149	23.73	3.34	$3,836
May 2002	0	1,616	24.66	3.58	$5,792
Apr 2002	2	1,697	23.65	3.51	$6,008
Mar 2002	0	1,798	22.00	3.10	$5,579
Feb 2002	0	1,516	18.22	2.38	$3,602
Jan 2002	1	1,679	17.17	2.38	$4,006
Dec 2001	0	323	16.93	2.36	$764
Nov 2001	0	1,560	18.07	2.41	$3,753
Oct 2001	0	821	19.78	2.53	$2,076
Sep 2001	0	922	24.26	2.25	$2,076
Aug 2001	0	708	24.87	3.05	$2,162
Jul 2001	0	991	23.93	3.20	$3,168
Jun 2001	0	659	24.56	3.82	$2,520
May 2001	0	963	25.52	4.31	$4,148
Apr 2001	0	1,270	24.68	5.34	$6,776
Mar 2001	0	1,466	24.54	5.38	$7,882
Feb 2001	0	1,264	27.75	5.77	$7,290
Jan 2001	0	564	27.47	8.40	$4,737
Dec 2000	0	1,440	26.88	9.12	$13,136
Nov 2000	0	2,286	32.21	5.66	$12,934
Oct 2000	0	2,955	31.23	5.15	$15,205
Sep 2000	189	2,347	31.87	5.19	$18,196
Aug 2000	0	2,608	29.64	4.54	$11,842
Jul 2000	0	3,380	28.53	4.09	$13,823
Jun 2000	1	3,351	29.30	4.40	$14,764
May 2000	0	2,424	27.26	3.68	$8,920
Apr 2000	0	2,860	24.51	3.12	$8,912
Mar 2000	0	3,128	28.42	2.86	$8,945
Feb 2000	0	3,981	27.62	2.73	$10,854
Jan 2000	0	2,387	25.27	2.48	$5,921
Dec 1999	0	2,464	24.28	2.42	$5,972
Nov 1999	0	2,483	23.19	2.43	$6,044
Oct 1999	187	2,589	20.98	2.80	$11,182
Sep 1999	0	2,602	21.75	2.62	$6,814
Aug 1999	0	2,753	19.26	2.88	$7,917
Jul 1999	0	2,925	17.89	2.37	$6,939
Jun 1999	0	2,761	15.94	2.36	$6,522
May 1999	0	2,973	15.79	2.32	$6,900
Apr 1999	0	2,892	15.10	2.21	$6,386
Mar 1999	0	3,034	12.47	1.84	$5,577
Feb 1999	0	3,627	9.98	1.82	$6,593
Jan 1999	0	3,832	10.38	1.90	$7,281
Dec 1998	0	4,725	9.20	1.77	$8,379
Nov 1998	195	4,298	10.89	2.19	$11,518
Oct 1998	0	3,998	12.42	1.97	$7,873
Sep 1998	0	3,319	12.59	2.08	$6,912
Aug 1998	0	3,550	11.30	1.91	$6,771
Jul 1998	0	3,800	11.74	2.24	$8,502
Jun 1998	0	3,510	11.24	2.24	$7,853
May 1998	0	4,217	12.62	2.21	$9,304
Apr 1998	0	4,277	13.04	2.51	$10,715
Mar 1998	0	4,605	12.80	2.31	$10,635
Feb 1998	1	4,236	13.95	2.30	$9,753
Jan 1998	0	4,067	14.70	2.15	$8,764
Dec 1997	0	4,830	16.32	2.41	$11,646
Nov 1997	0	4,789	18.19	3.09	$14,790
Oct 1997	0	4,984	19.25	3.15	$15,699
Sep 1997	191	4,814	17.74	2.95	$17,613
Aug 1997	0	4,908	17.86	2.55	$12,539
Jul 1997	0	5,467	17.58	2.25	$12,284
Jun 1997	0	4,428	17.24	2.26	$9,995
May 1997	0	5,771	18.97	2.31	$13,322
Apr 1997	0	5,814	17.88	2.08	$12,109
Mar 1997	0	4,898	18.95	1.94	$9,498
Feb 1997	0	5,902	20.49	2.21	$13,019
Jan 1997	182	5,345	23.48	3.54	$23,193
Dec 1996	0	5,474	23.32	—	$0
Nov 1996	1	5,962	21.97	—	$22
Oct 1996	0	6,877	23.31	—	$0
Sep 1996	0	5,331	22.22	—	$0
Aug 1996	1	5,473	20.26	—	$20
Jul 1996	1	6,138	19.55	—	$20
Jun 1996	1	6,037	18.73	—	$19
May 1996	2	6,578	19.43	—	$39
Apr 1996	192	6,243	21.51	—	$4,130
Mar 1996	3	7,639	19.38	—	$58
Feb 1996	2	6,341	16.98	—	$34
Jan 1996	1	6,817	17.07	—	$17
Dec 1995	1	7,540	17.19	—	$17
Nov 1995	2	7,609	16.00	—	$32
Oct 1995	4	7,864	15.43	—	$62
Sep 1995	3	7,389	16.18	—	$49
Aug 1995	191	8,100	15.92	—	$3,041
Jul 1995	4	9,263	15.24	—	$61
Jun 1995	4	10,481	16.41	—	$66
May 1995	2	11,098	17.56	—	$35
Apr 1995	4	13,299	17.73	—	$71
Mar 1995	183	12,422	16.44	—	$3,009
Feb 1995	2	8,126	16.58	—	$33
Jan 1995	1	9,751	15.92	—	$16
Dec 1994	184	11,147	15.03	—	$2,766
Nov 1994	3	13,902	15.90	—	$48
Oct 1994	1	20,411	15.58	—	$16
Sep 1994	1	37,418	15.29	—	$15
Aug 1994	4	13,735	16.13	—	$65

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.

Dec 2006 — as filed, then multipliedworked

Condensate           118 bbl  × $ 56.65 =     $6,685
Gas                    0 Mcf  × $  6.92 =         $0

────────────────────────────────────────────────────
Month total                                   $6,685

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/151837 is the state's own key, not one this site invented.