KING UNIT

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 185587District 05Field 671026202 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.2 M
Aug 2001 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
298
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 Gas112002-04-30145527
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
CondensateDisposition1,078 bbl$81,553
GasProduction896,393 Mcf$4,118,643
Total$4,200,196

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 31.4544, -96.3964. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45435, -96.39638 · 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
9,988 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 9,988 ft.

Completions filed
Sep 2008
1 of 1 wells

1 well

42-2933141749,988 ftSep 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 (298)

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

298 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 202403169.052.20$68
Oct 202403171.372.28$71
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 202401578.812.20$33
Apr 20240584.451.66$8
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 202201184.888.16$90
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202205109.378.43$42
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 20212061.302.72$123
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 202003539.982.39$83
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 201905559.012.30$127
Nov 20192055.302.75$111
Oct 20195053.472.42$267
Sep 20195055.052.66$275
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 201802361.782.77$64
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 201704555.423.12$140
Oct 20170149.292.98$3
Sep 20170147.523.09$3
Aug 20170045.373.00$0
Jul 20170243.873.09$6
Jun 201703842.493.09$117
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 201740150.452.95$2,021
Jan 201701349.413.42$44
Dec 201601248.763.72$45
Nov 201601142.492.64$29
Oct 201601246.193.09$37
Sep 20160041.553.10$0
Aug 20160241.442.92$6
Jul 20160441.622.92$12
Jun 201601,35745.352.69$3,645
May 201601,23742.521.99$2,463
Apr 2016083336.561.99$1,659
Mar 2016083033.011.79$1,489
Feb 2016441,61326.472.06$4,493
Jan 201601,96727.352.36$4,651
Dec 201502,46932.362.00$4,941
Nov 201502,71238.792.17$5,878
Oct 201501,82343.552.43$4,424
Sep 20151161,54842.992.76$9,257
Aug 201502,36240.162.87$6,785
Jul 201503,82848.152.95$11,274
Jun 201502,48856.152.88$7,173
May 201503,11355.212.96$9,200
Apr 201503,28849.822.71$8,899
Mar 201503,67242.892.93$10,776
Feb 201502,88444.662.98$8,583
Jan 201503,28243.433.10$10,176
Dec 201402,40054.693.59$8,619
Nov 201402,59470.464.25$11,029
Oct 201402,40278.303.90$9,370
Sep 2014732,18386.164.05$15,121
Aug 2014742,16589.394.04$15,351
Jul 201403,53696.564.18$14,779
Jun 201402,70198.164.74$12,794
May 201402,73294.734.73$12,913
Apr 201403,05095.944.81$14,668
Mar 201403,02395.895.06$15,287
Feb 201402,78797.406.19$17,257
Jan 201403,11590.404.86$15,141
Dec 201302,72291.824.35$11,853
Nov 201302,08488.853.74$7,791
Oct 201302,80897.423.78$10,612
Sep 201302,394104.113.72$8,900
Aug 2013701,717104.253.52$13,346
Jul 201302,534102.523.72$9,421
Jun 201301,76594.403.93$6,942
May 201301,99394.834.15$8,269
Apr 201302,42393.964.28$10,377
Mar 201302,36993.623.91$9,270
Feb 201302,87791.233.42$9,839
Jan 2013272,36491.603.42$10,558
Dec 201202,80586.773.42$9,594
Nov 201203,56386.953.62$12,916
Oct 201203,36789.383.40$11,447
Sep 201202,80494.672.92$8,183
Aug 2012313,70792.662.91$13,653
Jul 2012133,94085.133.02$13,009
Jun 2012143,03779.822.52$8,768
May 201203,46191.612.49$8,612
Apr 2012133,393101.652.00$8,097
Mar 201206,697105.052.22$14,881
Feb 201205,927101.102.57$15,234
Jan 2012156,31298.092.73$18,729
Dec 201105,86796.873.24$19,008
Nov 201106,15895.723.31$20,391
Oct 2011136,87784.983.65$26,196
Sep 2011154,15583.623.99$17,815
Aug 201106,28583.404.15$26,078
Jul 20111447,54094.144.52$47,616
Jun 201107,61592.904.64$35,333
May 201107,59198.134.40$33,437
Apr 2011147,372105.964.33$33,428
Mar 2011197,56496.364.06$32,521
Feb 2011125,83685.644.18$25,422
Jan 201107,81986.504.59$35,880
Dec 2010227,60285.734.35$34,938
Nov 201007,99280.843.80$30,332
Oct 201007,78478.103.51$27,313
Sep 2010258,84272.633.98$37,002
Aug 2010168,75173.684.42$39,853
Jul 201009,49472.554.74$44,968
Jun 2010258,72970.364.91$44,622
May 2010258,82071.124.24$39,133
Apr 201007,68481.694.12$31,679
Mar 2010156,01978.394.39$27,591
Feb 201006,82973.585.44$37,166
Jan 201095,44774.365.96$33,156
Dec 20092271.445.48$154
Nov 2009014074.593.75$525
Oct 2009011672.544.11$477
Sep 2009015065.543.06$460
Aug 2009012667.423.22$406
Jul 200904961.133.46$170
Jun 200908566.163.90$331
May 200907654.743.93$298
Apr 200916846.773.59$291
Mar 2009024642.144.06$999
Feb 20091337432.814.63$2,159
Jan 2009130735.865.37$1,685
Dec 2008048837.105.98$2,917
Nov 2008551955.496.86$3,838
Oct 200854,40475.246.92$30,861
Sep 2008123,989101.767.88$32,643
Aug 2008016,597114.228.48$140,793
Jul 200801,405131.0811.39$16,002
Jun 200822,205131.3313.03$29,000
May 200822,437123.1711.57$28,453
Apr 200842,587110.3110.45$27,488
Mar 200822,779101.909.66$27,060
Feb 200842,76592.538.77$24,621
Jan 200823,21490.388.21$26,554
Dec 2007194,17488.337.30$32,157
Nov 200711,65191.677.29$12,130
Oct 200702,68482.856.92$18,579
Sep 200723,14275.846.24$19,771
Aug 200723,77169.066.39$24,227
Jul 200702,00570.906.39$12,808
Jun 200701,74662.007.55$13,180
May 200701,72158.747.85$13,503
Apr 200741,83159.617.81$14,530
Mar 200754,19956.927.30$30,946
Feb 2007171,79855.108.22$15,709
Jan 200701,98750.306.73$13,366
Dec 200612,17556.656.92$15,104
Nov 200612,89254.207.62$22,084
Oct 200603,30154.906.01$19,852
Sep 200613,14960.085.04$15,922
Aug 2006113,48868.717.34$26,357
Jul 200633,63669.376.34$23,270
Jun 200613,41866.286.38$21,886
May 200623,65666.016.42$23,622
Apr 200613,54864.397.36$26,179
Mar 200623,17056.707.08$22,566
Feb 200622,94857.597.75$22,965
Jan 200603,40860.598.93$30,445
Dec 200523,45154.9413.42$46,406
Nov 200523,34054.6910.59$35,475
Oct 200503,55758.3413.80$49,072
Sep 200503,51161.4512.08$42,409
Aug 200523,61961.519.80$35,578
Jul 200523,36355.697.84$26,490
Jun 200523,68052.337.38$27,267
May 200533,62945.226.65$24,273
Apr 200533,77849.207.36$27,955
Mar 200534,08350.377.15$29,364
Feb 200503,77845.226.31$23,846
Jan 200503,88843.166.32$24,581
Dec 200403,72939.866.75$25,175
Nov 200443,84645.286.33$24,528
Oct 200443,91649.706.52$25,712
Sep 200433,96243.245.28$21,065
Aug 200433,43442.375.55$19,188
Jul 200433,60538.286.08$22,048
Jun 200404,21036.106.43$27,083
May 200424,44037.486.49$28,911
Apr 200424,40334.475.86$25,864
Mar 200404,69234.365.53$25,947
Feb 200407,11332.455.51$39,190
Jan 200409,68132.036.30$60,987
Dec 2003010,08130.266.30$63,527
Nov 200309,03728.804.60$41,526
Oct 200308,47328.174.76$40,328
Sep 200317,95226.314.75$37,793
Aug 200315,66529.765.13$29,090
Jul 200314,46329.415.17$23,107
Jun 200325,33828.565.98$31,994
May 200326,05926.595.97$36,242
Apr 200315,67826.675.41$30,729
Mar 200306,83331.146.10$41,654
Feb 200305,96833.487.93$47,302
Jan 200307,47330.315.58$41,715
Dec 200207,90426.914.85$38,364
Nov 200206,90024.664.14$28,545
Oct 200208,34726.464.23$35,300
Sep 200209,21127.443.64$33,484
Aug 2002010,17425.963.16$32,192
Jul 2002011,05224.583.06$33,839
Jun 2002011,94123.733.34$39,862
May 2002014,51724.663.58$52,029
Apr 2002013,77823.653.51$48,393
Mar 2002018,35222.003.10$56,941
Feb 2002024,57218.222.38$58,375
Jan 2002026,25617.172.38$62,376
Dec 2001129,02716.932.36$68,648
Nov 2001124,37518.072.41$58,653
Oct 2001025,19919.782.53$63,725
Sep 2001023,76724.262.25$53,507
Aug 200106,58524.873.05$20,105

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.

Nov 2024 — as filed, then multipliedworked
Condensate             0 bbl  × $ 69.05 =         $0
Gas                   31 Mcf  × $  2.20 =        $68

────────────────────────────────────────────────────
Month total                                      $68

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/185587 is the state's own key, not one this site invented.