KING, GAIL

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

Gas lease lease 207345District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.6 M
Nov 2004 – May 2026
Value, last 12 filed months
$15 k
at the published price for each month
Months reported
259
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 385 leases and 385 wells, and the rule below applies to all of them.

Discovered
2004-02-24
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 2010-12-14.

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: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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 Gas112006-09-15169891
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
CondensateDisposition72 bbl$4,402
GasProduction2,052,713 Mcf$12,645,367
Total$12,649,769

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 31.3895, -96.2605. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38955, -96.26046 · 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
15,000 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 15,000 ft.

Completions filed
Nov 2004
1 of 1 wells

1 well

42-28931419715,000 ftNov 2004

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 (259)

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

259 months

May 20260534106.413.05$1,626
Apr 2026016598.932.87$474
Mar 2026037089.753.15$1,165
Feb 202601,00763.503.75$3,777
Jan 20260059.138.00$0
Dec 2025047556.664.41$2,096
Nov 2025083058.593.93$3,259
Oct 2025023459.383.30$773
Sep 2025021262.743.08$652
Aug 2025015663.933.01$470
Jul 2025014166.743.32$467
Jun 2025017166.483.13$535
May 2025015860.553.23$511
Apr 2025014662.363.54$517
Mar 2025022667.704.27$965
Feb 2025012970.884.34$560
Jan 2025016174.324.28$689
Dec 2024019168.993.12$596
Nov 2024032069.052.20$704
Oct 2024012271.372.28$278
Sep 202406669.612.36$156
Aug 202408675.632.06$177
Jul 2024019779.932.15$423
Jun 2024027378.082.63$719
May 2024016778.812.20$367
Apr 2024021484.451.66$355
Mar 2024030580.301.55$471
Feb 202408976.091.78$159
Jan 202401,01973.023.30$3,360
Dec 202301,11371.262.61$2,906
Nov 2023082777.892.81$2,322
Oct 202301,09385.443.09$3,374
Sep 202301,23889.042.74$3,386
Aug 202301,34680.522.67$3,598
Jul 202302,12074.852.64$5,601
Jun 2023057068.962.26$1,287
May 2023080970.622.23$1,802
Apr 2023034878.122.24$779
Mar 2023017372.852.39$414
Feb 2023081175.112.47$2,000
Jan 2023097976.533.39$3,317
Dec 202201,58476.415.73$9,075
Nov 202201,29985.005.65$7,334
Oct 202201,99887.185.86$11,716
Sep 202202,01884.888.16$16,474
Aug 2022068694.529.13$6,261
Jul 20220689101.587.54$5,196
Jun 202201,095115.097.98$8,735
May 202201,435109.378.43$12,101
Apr 202201,077104.226.84$7,364
Mar 202201,427108.885.08$7,244
Feb 202201,01291.054.86$4,917
Jan 202201,90681.844.54$8,649
Dec 202102,25071.323.90$8,773
Nov 202101,57377.435.24$8,238
Oct 2021045879.795.71$2,617
Sep 2021092269.865.35$4,934
Aug 202102,16066.024.22$9,116
Jul 202102,26170.783.98$9,003
Jun 202102,38969.493.38$8,076
May 202102,40663.483.02$7,261
Apr 202101,12060.362.76$3,089
Mar 2021075761.302.72$2,057
Feb 2021054557.805.55$3,024
Jan 2021034650.412.81$972
Dec 202001,23844.642.68$3,312
Nov 202001,06138.772.71$2,872
Oct 202001,75636.972.48$4,352
Sep 202001,71937.091.99$3,423
Aug 202001,75639.982.39$4,188
Jul 202001,68638.371.83$3,077
Jun 202001,72434.901.69$2,914
May 202001,86016.921.81$3,375
Apr 202001,29814.751.80$2,342
Mar 202001,75830.341.86$3,263
Feb 202001,69849.881.98$3,363
Jan 202001,83757.252.09$3,848
Dec 201901,50059.012.30$3,457
Nov 201901,64655.302.75$4,528
Oct 201901,84353.472.42$4,457
Sep 201901,72755.052.66$4,589
Aug 201902,13253.112.30$4,913
Jul 201902,33456.272.46$5,742
Jun 2019036052.782.49$897
May 201901,51858.482.74$4,160
Apr 201901,71762.632.75$4,723
Mar 201901,77656.803.06$5,438
Feb 201901,89550.852.79$5,291
Jan 201901,48846.033.23$4,804
Dec 201801,88446.594.19$7,885
Nov 201802,42052.934.24$10,254
Oct 201803,10761.443.40$10,558
Sep 201802,46859.543.11$7,671
Aug 201802,94859.403.07$9,040
Jul 201803,26665.142.93$9,576
Jun 201802,85460.183.08$8,782
May 201804,00465.382.90$11,615
Apr 201802,75363.842.90$7,986
Mar 201802,93261.222.79$8,171
Feb 201803,70661.782.77$10,251
Jan 201803,87862.874.01$15,548
Dec 201703,66357.272.92$10,702
Nov 201703,16055.423.12$9,854
Oct 201703,10349.292.98$9,258
Sep 201702,71747.523.09$8,388
Aug 201703,16245.373.00$9,500
Jul 201701,53243.873.09$4,730
Jun 2017048442.493.09$1,494
May 201709745.373.26$317
Apr 201703,14047.933.21$10,084
Mar 201703,51346.772.98$10,482
Feb 201703,17950.452.95$9,386
Jan 201704,23749.413.42$14,485
Dec 201604,40248.763.72$16,388
Nov 201604,36542.492.64$11,543
Oct 201604,57146.193.09$14,126
Sep 201604,53741.553.10$14,068
Aug 201604,75441.442.92$13,902
Jul 201603,74341.622.92$10,946
Jun 20160045.352.69$0
May 201604,39442.521.99$8,749
Apr 201604,61036.561.99$9,179
Mar 201604,76233.011.79$8,543
Feb 201604,50626.472.06$9,299
Jan 201604,46727.352.36$10,562
Dec 201504,22232.362.00$8,450
Nov 201503,10338.792.17$6,725
Oct 201502,50343.552.43$6,074
Sep 201503,04242.992.76$8,391
Aug 201504,11040.162.87$11,806
Jul 201501,57548.152.95$4,639
Jun 201503,53156.152.88$10,179
May 201505,07655.212.96$15,002
Apr 201504,97349.822.71$13,460
Mar 201504,65342.892.93$13,655
Feb 201504,62344.662.98$13,759
Jan 201505,30743.433.10$16,455
Dec 201405,48454.693.59$19,695
Nov 201405,32070.464.25$22,620
Oct 201405,65978.303.90$22,076
Sep 201405,61586.164.05$22,715
Aug 201405,99789.394.04$24,199
Jul 201406,11196.564.18$25,542
Jun 201405,61298.164.74$26,583
May 201405,19994.734.73$24,573
Apr 201405,32395.944.81$25,599
Mar 201405,06095.895.06$25,587
Feb 201404,43497.406.19$27,455
Jan 201404,89490.404.86$23,788
Dec 201304,99991.824.35$21,768
Nov 201305,00288.853.74$18,699
Oct 201305,32197.423.78$20,110
Sep 201305,545104.113.72$20,615
Aug 201306,131104.253.52$21,597
Jul 201306,202102.523.72$23,057
Jun 201305,87494.403.93$23,105
May 201306,57594.834.15$27,280
Apr 201306,45693.964.28$27,648
Mar 201306,71693.623.91$26,279
Feb 201306,15291.233.42$21,039
Jan 201306,86991.603.42$23,491
Dec 201206,90586.773.42$23,616
Nov 201206,74386.953.62$24,443
Oct 201207,06489.383.40$24,015
Sep 201206,79694.672.92$19,833
Aug 201206,72492.662.91$19,554
Jul 201207,15285.133.02$21,605
Jun 201206,88779.822.52$17,349
May 201206,56391.612.49$16,331
Apr 201206,663101.652.00$13,305
Mar 201206,102105.052.22$13,559
Feb 201204,584101.102.57$11,782
Jan 201205,73398.092.73$15,674
Dec 201104,19396.873.24$13,584
Nov 201104,70495.723.31$15,576
Oct 201104,81984.983.65$17,582
Sep 201105,79683.623.99$23,102
Aug 201106,47683.404.15$26,871
Jul 201106,29894.144.52$28,450
Jun 201105,07692.904.64$23,552
May 201105,48998.134.40$24,178
Apr 201103,803105.964.33$16,479
Mar 2011010,54396.364.06$42,777
Feb 2011011,75985.644.18$49,152
Jan 201107,19086.504.59$32,993
Dec 201002,67385.734.35$11,622
Nov 201004,23980.843.80$16,088
Oct 201004,93478.103.51$17,313
Sep 201005,06772.633.98$20,164
Aug 201005,15473.684.42$22,777
Jul 201004,87472.554.74$23,086
Jun 201005,12970.364.91$25,185
May 201005,35471.124.24$22,675
Apr 201004,87281.694.12$20,086
Mar 201005,29778.394.39$23,247
Feb 201006,01573.585.44$32,736
Jan 201006,00374.365.96$35,802
Dec 200905,43371.445.48$29,793
Nov 200906,05274.593.75$22,704
Oct 200906,09772.544.11$25,060
Sep 200905,45365.543.06$16,712
Aug 200906,87967.423.22$22,140
Jul 200906,20061.133.46$21,480
Jun 200906,51966.163.90$25,392
May 200908,47854.743.93$33,283
Apr 200917,89446.773.59$28,367
Mar 200919,23342.144.06$37,519
Feb 200907,93532.814.63$36,763
Jan 2009113,07335.865.37$70,251
Dec 2008011,53837.105.98$68,964
Nov 200801,70855.496.86$11,717
Oct 200806,65075.246.92$46,031
Sep 200805,810101.767.88$45,766
Aug 200806,298114.228.48$53,426
Jul 200817,393131.0811.39$84,333
Jun 200806,811131.3313.03$88,765
May 200806,394123.1711.57$74,006
Apr 200806,374110.3110.45$66,639
Mar 200817,254101.909.66$70,205
Feb 2008111,03092.538.77$96,832
Jan 2008215,82090.388.21$129,995
Dec 2007131,01088.337.30$226,522
Nov 2007012,15291.677.29$88,609
Oct 2007210,01382.856.92$69,475
Sep 2007311,25975.846.24$70,531
Aug 2007212,32669.066.39$78,876
Jul 2007313,01570.906.39$83,352
Jun 200749,68062.007.55$73,317
May 2007011,73558.747.85$92,076
Apr 2007514,18759.617.81$111,030
Mar 2007517,17756.927.30$125,711
Feb 2007420,07355.108.22$165,140
Jan 2007237,42050.306.73$251,819
Dec 2006029,98456.656.92$207,443
Nov 2006130,17954.207.62$229,942
Oct 2006141,81654.906.01$251,528
Sep 2006047,83360.085.04$240,944
Aug 2006128,73968.717.34$211,011
Jul 2006035,71569.376.34$226,532
Jun 2006135,01066.286.38$223,566
May 2006161,93266.016.42$397,979
Apr 2006133,55564.397.36$247,045
Mar 2006118,76456.707.08$132,961
Feb 2006121,51757.597.75$166,838
Jan 2006419,90560.598.93$178,060
Dec 2005224,96154.9413.42$334,972
Nov 2005229,62154.6910.59$313,748
Oct 2005129,65758.3413.80$409,199
Sep 2005118,50061.4512.08$223,523
Aug 2005023,03261.519.80$225,641
Jul 2005121,56455.697.84$169,196
Jun 2005225,64552.337.38$189,391
May 2005130,08245.226.65$200,125
Apr 2005562,10449.207.36$457,361
Mar 2005078,48750.377.15$561,565
Feb 2005375,64945.226.31$477,626
Jan 2005398,94343.166.32$625,667
Dec 20040118,14839.866.75$797,627
Nov 2004022,40845.286.33$141,852

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                  534 Mcf  × $  3.05 =     $1,626

────────────────────────────────────────────────────
Month total                                   $1,626

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/207345 is the state's own key, not one this site invented.