GIBSON

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the FARRAR (COTTON VALLEY LIME) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 187178District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.1 M
Nov 2001 – May 2026
Value, last 12 filed months
$131 k
at the published price for each month
Months reported
295
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 478 leases and 478 wells, and the rule below applies to all of them.

Discovered
1977-03-17
as the register files it
Field class
Gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2010-11-30.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

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

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112002-03-15146462
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
CondensateDisposition1,953 bbl$107,971
GasProduction2,148,443 Mcf$10,966,870
Total$11,074,841

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 31.4686, -96.2709. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.46864, -96.27086 · 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
13,625 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 13,625 ft.

Completions filed
Feb 2003
1 of 1 wells

1 well

42-16132092513,625 ftFeb 2003

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 (295)

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

295 months

May 202632,484106.413.05$7,885
Apr 202642,07698.932.87$6,353
Mar 202602,32489.753.15$7,319
Feb 2026133,09763.503.75$12,440
Jan 202643,26859.138.00$26,374
Dec 202503,40656.664.41$15,032
Nov 2025142,43358.593.93$10,373
Oct 202562,53859.383.30$8,744
Sep 202523,17662.743.08$9,898
Aug 202553,22163.933.01$10,030
Jul 202502,74466.743.32$9,097
Jun 202502,35866.483.13$7,378
May 202512,65960.553.23$8,655
Apr 202512,39162.363.54$8,534
Mar 202521,59967.704.27$6,960
Feb 202502,42770.884.34$10,535
Jan 202512,91874.324.28$12,560
Dec 202432,89568.993.12$9,243
Nov 202402,12769.052.20$4,676
Oct 202412,38071.372.28$5,501
Sep 202412,28269.612.36$5,465
Aug 202401,49975.632.06$3,093
Jul 202412,41979.932.15$5,273
Jun 202432,68178.082.63$7,296
May 202432,71378.812.20$6,201
Apr 202432,73984.451.66$4,798
Mar 202402,86780.301.55$4,430
Feb 202402,69976.091.78$4,814
Jan 202412,91873.023.30$9,696
Dec 202302,90171.262.61$7,574
Nov 202302,52877.892.81$7,098
Oct 202302,91285.443.09$8,990
Sep 202302,81089.042.74$7,685
Aug 202302,89780.522.67$7,743
Jul 202302,91774.852.64$7,706
Jun 202302,69168.962.26$6,078
May 202303,00070.622.23$6,682
Apr 202302,78678.122.24$6,234
Mar 202303,02872.852.39$7,246
Feb 202302,68975.112.47$6,630
Jan 202303,03076.533.39$10,265
Dec 202202,98976.415.73$17,124
Nov 202203,05885.005.65$17,266
Oct 202203,12087.185.86$18,295
Sep 202203,06584.888.16$25,022
Aug 202203,10994.529.13$28,376
Jul 202203,259101.587.54$24,580
Jun 202202,723115.097.98$21,722
May 202203,204109.378.43$27,019
Apr 202203,193104.226.84$21,832
Mar 202203,016108.885.08$15,310
Feb 202202,43391.054.86$11,822
Jan 202202,59781.844.54$11,784
Dec 202103,07371.323.90$11,982
Nov 202102,92077.435.24$15,292
Oct 202102,98179.795.71$17,033
Sep 202102,74169.865.35$14,667
Aug 202102,85766.024.22$12,058
Jul 202103,01470.783.98$12,002
Jun 202101,36469.493.38$4,611
May 202101,01263.483.02$3,054
Apr 202102,53860.362.76$7,001
Mar 202101,41561.302.72$3,844
Feb 20210057.805.55$0
Jan 202102,70550.412.81$7,602
Dec 202002,66944.642.68$7,141
Nov 2020034938.772.71$945
Oct 202002,81336.972.48$6,972
Sep 202002,88437.091.99$5,742
Aug 202003,09539.982.39$7,382
Jul 202001,89538.371.83$3,459
Jun 202002,63834.901.69$4,459
May 202002,83516.921.81$5,145
Apr 202002,70814.751.80$4,886
Mar 202002,58430.341.86$4,797
Feb 202001,91249.881.98$3,787
Jan 202002,63657.252.09$5,522
Dec 201902,90059.012.30$6,683
Nov 201902,90555.302.75$7,991
Oct 201903,11553.472.42$7,534
Sep 201903,27555.052.66$8,703
Aug 201903,58153.112.30$8,252
Jul 201903,88556.272.46$9,557
Jun 201903,46752.782.49$8,637
May 201903,69058.482.74$10,112
Apr 201903,78762.632.75$10,417
Mar 201903,83556.803.06$11,743
Feb 201902,08850.852.79$5,830
Jan 201903,39446.033.23$10,956
Dec 201803,65646.594.19$15,302
Nov 201803,55552.934.24$15,063
Oct 201803,88761.443.40$13,208
Sep 201803,65759.543.11$11,366
Aug 201804,46559.403.07$13,692
Jul 201803,05465.142.93$8,954
Jun 201803,69460.183.08$11,366
May 201804,28365.382.90$12,424
Apr 201803,47863.842.90$10,089
Mar 201804,02461.222.79$11,214
Feb 201803,92661.782.77$10,860
Jan 201804,02262.874.01$16,125
Dec 201705,21157.272.92$15,224
Nov 201704,47355.423.12$13,948
Oct 201703,31249.292.98$9,882
Sep 201703,41447.523.09$10,540
Aug 201703,69545.373.00$11,101
Jul 201706,26643.873.09$19,345
Jun 201705,01342.493.09$15,477
May 201705,06645.373.26$16,532
Apr 201703,39247.933.21$10,894
Mar 201705,48246.772.98$16,357
Feb 201704,36050.452.95$12,873
Jan 201704,58049.413.42$15,658
Dec 201604,69348.763.72$17,471
Nov 201604,43842.492.64$11,736
Oct 201604,48946.193.09$13,872
Sep 201604,02041.553.10$12,465
Aug 201604,02241.442.92$11,762
Jul 201604,29941.622.92$12,572
Jun 201604,06845.352.69$10,926
May 201603,70642.521.99$7,379
Apr 201603,72436.561.99$7,415
Mar 201603,89433.011.79$6,986
Feb 201603,63326.472.06$7,497
Jan 201603,87327.352.36$9,157
Dec 201503,76732.362.00$7,539
Nov 201503,19738.792.17$6,929
Oct 201503,07443.552.43$7,459
Sep 201501,76542.992.76$4,869
Aug 2015062040.162.87$1,781
Jul 20150048.152.95$0
Jun 201503,07356.152.88$8,859
May 201504,66655.212.96$13,790
Apr 201502,88849.822.71$7,817
Mar 201503,04242.892.93$8,927
Feb 201503,12744.662.98$9,307
Jan 201503,06543.433.10$9,503
Dec 201402,10954.693.59$7,574
Nov 201403,77170.464.25$16,034
Oct 201404,82378.303.90$18,814
Sep 201403,16786.164.05$12,812
Aug 201403,59289.394.04$14,494
Jul 201403,67896.564.18$15,373
Jun 201402,11998.164.74$10,037
May 201404,37594.734.73$20,679
Apr 201402,52495.944.81$12,138
Mar 201402,43395.895.06$12,303
Feb 201404,24797.406.19$26,297
Jan 201402,29890.404.86$11,170
Dec 201304,12191.824.35$17,945
Nov 201303,95088.853.74$14,766
Oct 201304,36697.423.78$16,501
Sep 201304,156104.113.72$15,451
Aug 201305,519104.253.52$19,441
Jul 201304,797102.523.72$17,834
Jun 20131853,89794.403.93$32,793
May 201303,44994.834.15$14,310
Apr 201303,73193.964.28$15,978
Mar 201304,12593.623.91$16,141
Feb 201305,78891.233.42$19,794
Jan 201303,57591.603.42$12,226
Dec 201205,92086.773.42$20,247
Nov 201204,70186.953.62$17,041
Oct 201202,92389.383.40$9,937
Sep 201205,89794.672.92$17,210
Aug 201205,21492.662.91$15,163
Jul 201201,30885.133.02$3,951
Jun 201205,55279.822.52$13,986
May 201205,10491.612.49$12,700
Apr 201205,293101.652.00$10,569
Mar 201203,878105.052.22$8,617
Feb 201205,616101.102.57$14,434
Jan 201206,90898.092.73$18,887
Dec 201104,83296.873.24$15,654
Nov 201102,32095.723.31$7,682
Oct 201107,81484.983.65$28,510
Sep 201105,12783.623.99$20,435
Aug 201105,43283.404.15$22,539
Jul 201107,21594.144.52$32,592
Jun 201105,82292.904.64$27,013
May 201105,71198.134.40$25,156
Apr 201105,637105.964.33$24,427
Mar 201104,38196.364.06$17,775
Feb 201104,42285.644.18$18,484
Jan 201106,60786.504.59$30,318
Dec 201007,25985.734.35$31,560
Nov 201007,81680.843.80$29,664
Oct 201006,91378.103.51$24,257
Sep 201001,24672.633.98$4,958
Aug 201003,03373.684.42$13,404
Jul 201004,84172.554.74$22,929
Jun 201004,74070.364.91$23,275
May 201008,72571.124.24$36,952
Apr 201006,04481.694.12$24,918
Mar 201009,24778.394.39$40,582
Feb 201003,72273.585.44$20,256
Jan 201008,89774.365.96$53,063
Dec 200909,32471.445.48$51,130
Nov 200906,35374.593.75$23,833
Oct 200907,19072.544.11$29,553
Sep 200906,47065.543.06$19,829
Aug 200903,98467.423.22$12,823
Jul 200903,72161.133.46$12,891
Jun 200902,80266.163.90$10,914
May 200902,72854.743.93$10,709
Apr 200911,59146.773.59$5,754
Mar 200942,79942.144.06$11,530
Feb 200912,19932.814.63$10,221
Jan 200912,09135.865.37$11,267
Dec 2008082537.105.98$4,931
Nov 200801,83655.496.86$12,596
Oct 200864,75075.246.92$33,331
Sep 200835,776101.767.88$45,803
Aug 200838,663114.228.48$73,831
Jul 20081777,550131.0811.39$109,191
Jun 200826,776131.3313.03$88,572
May 200866,358123.1711.57$74,328
Apr 200846,732110.3110.45$70,823
Mar 200898,662101.909.66$84,627
Feb 200869,81292.538.77$86,612
Jan 200897,95290.388.21$66,065
Dec 20071110,21288.337.30$75,539
Nov 200787,67191.677.29$56,668
Oct 200757,92382.856.92$55,257
Sep 2007012,77075.846.24$79,738
Aug 20071416,82069.066.39$108,412
Jul 2007111,89870.906.39$76,075
Jun 200746,04562.007.55$45,878
May 200708,53358.747.85$66,952
Apr 200707,93959.617.81$61,965
Mar 2007210,59256.927.30$77,456
Feb 200719,15155.108.22$75,240
Jan 2007211,88650.306.73$80,056
Dec 200629,70456.656.92$67,250
Nov 2006312,62254.207.62$96,310
Oct 2006712,27254.906.01$74,186
Sep 200638,94560.085.04$45,238
Aug 2006511,54568.717.34$85,083
Jul 2006712,87169.376.34$82,123
Jun 20061310,96866.286.38$70,880
May 200618510,18966.016.42$77,676
Apr 2006510,99364.397.36$81,236
Mar 2006412,82556.707.08$91,065
Feb 20061513,38557.597.75$104,613
Jan 20061514,54260.598.93$130,817
Dec 20051112,97154.9413.42$174,615
Nov 20051415,65554.6910.59$166,527
Oct 20051015,37658.3413.80$212,707
Sep 2005412,05861.4512.08$145,894
Aug 200539,36061.519.80$91,883
Jul 2005613,06355.697.84$102,796
Jun 2005311,63352.337.38$86,021
May 2005715,26645.226.65$101,853
Apr 2005915,59649.207.36$115,237
Mar 2005012,11250.377.15$86,660
Feb 200519115,69945.226.31$107,728
Jan 2005416,54443.166.32$104,767
Dec 2004416,68839.866.75$112,821
Nov 2004417,39845.286.33$110,318
Oct 2004217,94349.706.52$117,000
Sep 20041017,40743.245.28$92,409
Aug 2004716,46242.375.55$91,672
Jul 2004819,71638.286.08$120,262
Jun 2004819,30836.106.43$124,498
May 2004918,95737.486.49$123,455
Apr 20041414,64434.475.86$86,274
Mar 20041422,22834.365.53$123,405
Feb 2004320,19332.455.51$111,353
Jan 20041321,40632.036.30$135,266
Dec 200320924,69930.266.30$161,969
Nov 2003924,76828.804.60$114,072
Oct 2003922,15628.174.76$105,708
Sep 20031224,76926.314.75$117,953
Aug 20031126,66429.765.13$137,106
Jul 2003228,31529.415.17$146,471
Jun 20032934,32228.565.98$206,175
May 20031744,77426.595.97$267,873
Apr 20031817,77326.675.41$96,584
Mar 20031035,13731.146.10$214,508
Feb 20032322,99233.487.93$183,002
Jan 20031413,71430.315.58$76,976
Dec 2002314,94426.914.85$72,615
Nov 2002714,51824.664.14$60,233
Oct 200218916,45726.464.23$74,600
Sep 2002212,92227.443.64$47,029
Aug 2002318,88925.963.16$59,846
Jul 20021015,94924.583.06$49,078
Jun 20021511,00623.733.34$37,097
May 2002918,28824.663.58$65,766
Apr 2002021,63723.653.51$75,996
Mar 20021325,47222.003.10$79,318
Feb 20021822,90918.222.38$54,752
Jan 20022428,34017.172.38$67,739
Dec 20015261,34516.932.36$145,924
Nov 20018660,06818.072.41$146,049

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             3 bbl  × $106.41 =       $319
Gas                2,484 Mcf  × $  3.05 =     $7,566

────────────────────────────────────────────────────
Month total                                   $7,885

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/187178 is the state's own key, not one this site invented.