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 217402District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.6 M
Oct 2005 – May 2026
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
248
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 Gas222008-02-06 – 2016-01-222 dockets
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
CondensateDisposition100 bbl$6,419
GasProduction2,222,199 Mcf$12,614,103
Total$12,620,522

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 31.4641, -96.2799. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.46413, -96.27990 · 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
13,827 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 13,827 ft.

Completions filed
Dec 2015
1 of 1 wells

1 well

42-29331697913,827 ftDec 2015

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 (248)

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

248 months

May 20260308106.413.05$938
Apr 2026030898.932.87$884
Mar 2026036789.753.15$1,156
Feb 2026027963.503.75$1,046
Jan 2026027659.138.00$2,207
Dec 2025029556.664.41$1,302
Nov 2025024758.593.93$970
Oct 2025030559.383.30$1,008
Sep 2025022962.743.08$705
Aug 2025032063.933.01$965
Jul 2025045466.743.32$1,505
Jun 2025048666.483.13$1,521
May 2025036160.553.23$1,167
Apr 2025024062.363.54$850
Mar 2025028267.704.27$1,204
Feb 2025034470.884.34$1,493
Jan 2025015074.324.28$642
Dec 2024010368.993.12$322
Nov 202409769.052.20$213
Oct 2024042471.372.28$967
Sep 2024052369.612.36$1,237
Aug 2024081275.632.06$1,676
Jul 2024079379.932.15$1,702
Jun 2024086878.082.63$2,286
May 2024058278.812.20$1,279
Apr 2024033184.451.66$549
Mar 2024021680.301.55$334
Feb 2024023676.091.78$421
Jan 2024012473.023.30$409
Dec 2023022571.262.61$587
Nov 2023039077.892.81$1,095
Oct 2023043085.443.09$1,328
Sep 2023078989.042.74$2,158
Aug 202301,05380.522.67$2,815
Jul 202301,22974.852.64$3,247
Jun 202301,46768.962.26$3,313
May 202302,67570.622.23$5,958
Apr 202301,66978.122.24$3,735
Mar 202301,19172.852.39$2,850
Feb 202301,69975.112.47$4,189
Jan 202301,81976.533.39$6,162
Dec 202201,68076.415.73$9,625
Nov 202201,43285.005.65$8,085
Oct 202206,00387.185.86$35,200
Sep 202201,08684.888.16$8,866
Aug 202201,70994.529.13$15,598
Jul 202205,121101.587.54$38,623
Jun 202201,406115.097.98$11,216
May 202201,455109.378.43$12,270
Apr 202203,565104.226.84$24,376
Mar 202202,157108.885.08$10,950
Feb 202202,72691.054.86$13,245
Jan 2022071081.844.54$3,222
Dec 2021081071.323.90$3,158
Nov 202102,12777.435.24$11,139
Oct 202104,56079.795.71$26,055
Sep 202101,20669.865.35$6,453
Aug 202105,05566.024.22$21,335
Jul 202101,41270.783.98$5,623
Jun 202101,57469.493.38$5,321
May 202103,65563.483.02$11,030
Apr 202103,88660.362.76$10,719
Mar 202102,22461.302.72$6,042
Feb 2021076657.805.55$4,250
Jan 2021050050.412.81$1,405
Dec 2020078244.642.68$2,092
Nov 202001,74138.772.71$4,712
Oct 202002,43736.972.48$6,040
Sep 2020068637.091.99$1,366
Aug 202003,10139.982.39$7,396
Jul 202003,15338.371.83$5,755
Jun 202001,47834.901.69$2,498
May 202004,60816.921.81$8,362
Apr 202002,10414.751.80$3,796
Mar 202001,13430.341.86$2,105
Feb 202004,43149.881.98$8,776
Jan 202004,57257.252.09$9,577
Dec 201902,98359.012.30$6,874
Nov 201902,48155.302.75$6,824
Oct 201904,45053.472.42$10,763
Sep 201904,73455.052.66$12,580
Aug 201905,67053.112.30$13,066
Jul 201905,47356.272.46$13,464
Jun 201904,83152.782.49$12,035
May 201905,19558.482.74$14,236
Apr 201905,20062.632.75$14,304
Mar 201905,53056.803.06$16,933
Feb 201905,15350.852.79$14,388
Jan 201905,89346.033.23$19,024
Dec 201804,50646.594.19$18,860
Nov 201805,08052.934.24$21,525
Oct 201805,10261.443.40$17,337
Sep 201805,56259.543.11$17,287
Aug 201806,40659.403.07$19,644
Jul 201806,15665.142.93$18,049
Jun 201805,92960.183.08$18,243
May 201806,93965.382.90$20,129
Apr 201806,32263.842.90$18,339
Mar 201806,86161.222.79$19,121
Feb 201806,40361.782.77$17,711
Jan 201805,96462.874.01$23,912
Dec 201707,27457.272.92$21,251
Nov 201707,16955.423.12$22,356
Oct 201707,66849.292.98$22,879
Sep 201707,66347.523.09$23,658
Aug 201708,26245.373.00$24,822
Jul 201708,30643.873.09$25,643
Jun 201708,52742.493.09$26,325
May 201709,44445.373.26$30,820
Apr 201708,13747.933.21$26,133
Mar 201708,35146.772.98$24,917
Feb 201708,89750.452.95$26,269
Jan 201709,25049.413.42$31,624
Dec 2016011,87048.763.72$44,190
Nov 2016012,62342.492.64$33,380
Oct 2016012,42046.193.09$38,381
Sep 201606,18741.553.10$19,184
Aug 201601,24841.442.92$3,650
Jul 201601,93441.622.92$5,656
Jun 201602,28445.352.69$6,134
May 201608,28842.521.99$16,502
Apr 2016010,41536.561.99$20,737
Mar 2016012,24033.011.79$21,959
Feb 2016013,23126.472.06$27,304
Jan 2016013,82427.352.36$32,685
Dec 201504,16832.362.00$8,342
Nov 201505,55438.792.17$12,037
Oct 201507,92243.552.43$19,223
Sep 201507,52642.992.76$20,760
Aug 201502,00940.162.87$5,771
Jul 201507,60248.152.95$22,389
Jun 201509,75456.152.88$28,119
May 2015013,66455.212.96$40,383
Apr 2015020,71849.822.71$56,075
Mar 2015020,37142.892.93$59,783
Feb 2015028,22044.662.98$83,988
Jan 2015019,94443.433.10$61,839
Dec 2014011954.693.59$427
Nov 2014011470.464.25$485
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 201403,00995.944.81$14,471
Mar 201405,23695.895.06$26,477
Feb 201404,80697.406.19$29,759
Jan 201406,12290.404.86$29,757
Dec 201302,40491.824.35$10,468
Nov 201304,51588.853.74$16,878
Oct 201305,48697.423.78$20,734
Sep 201306,019104.113.72$22,377
Aug 201308,167104.253.52$28,769
Jul 2013013,345102.523.72$49,613
Jun 201307794.403.93$303
May 201302,24094.834.15$9,294
Apr 201306,19893.964.28$26,543
Mar 201307,06993.623.91$27,660
Feb 201306,65691.233.42$22,763
Jan 201307,49991.603.42$25,646
Dec 201208,27086.773.42$28,285
Nov 201207,77386.953.62$28,177
Oct 201206,78689.383.40$23,070
Sep 201207,79294.672.92$22,740
Aug 201208,66092.662.91$25,185
Jul 201207,02385.133.02$21,215
Jun 201208,16779.822.52$20,573
May 201206,76091.612.49$16,821
Apr 201207,788101.652.00$15,551
Mar 201208,214105.052.22$18,252
Feb 201206,830101.102.57$17,555
Jan 201208,37298.092.73$22,890
Dec 201108,46796.873.24$27,431
Nov 201108,90095.723.31$29,470
Oct 201108,95884.983.65$32,684
Sep 201108,53383.623.99$34,011
Aug 201109,15883.404.15$37,999
Jul 201108,85794.144.52$40,009
Jun 201109,61292.904.64$44,599
May 2011010,46298.134.40$46,083
Apr 201109,667105.964.33$41,890
Mar 2011010,14996.364.06$41,178
Feb 201119,48085.644.18$39,712
Jan 201109,98386.504.59$45,810
Dec 2010011,07885.734.35$48,164
Nov 2010011,82480.843.80$44,876
Oct 2010014,63278.103.51$51,342
Sep 201005,45972.633.98$21,724
Aug 2010012,84273.684.42$56,753
Jul 2010012,32572.554.74$58,377
Jun 201007,15970.364.91$35,154
May 2010011,84971.124.24$50,183
Apr 2010011,01881.694.12$45,424
Mar 2010015,22178.394.39$66,800
Feb 201003,37173.585.44$18,346
Jan 2010012,72474.365.96$75,887
Dec 2009012,67371.445.48$69,496
Nov 2009013,03374.593.75$48,893
Oct 2009012,93472.544.11$53,162
Sep 2009013,48265.543.06$41,319
Aug 2009013,17467.423.22$42,401
Jul 2009014,82861.133.46$51,372
Jun 2009016,62766.163.90$64,762
May 2009010,14154.743.93$39,811
Apr 2009111,61446.773.59$41,712
Mar 2009114,20942.144.06$57,716
Feb 2009011,32232.814.63$52,455
Jan 2009114,94135.865.37$80,284
Dec 2008015,48437.105.98$92,550
Nov 2008014,04555.496.86$96,354
Oct 2008116,28475.246.92$112,793
Sep 2008115,709101.767.88$123,843
Aug 2008017,287114.228.48$146,646
Jul 2008017,024131.0811.39$193,894
Jun 2008016,599131.3313.03$216,329
May 2008316,670123.1711.57$193,313
Apr 2008117,078110.3110.45$178,658
Mar 2008218,369101.909.66$177,723
Feb 2008117,18592.538.77$150,815
Jan 2008119,89690.388.21$163,352
Dec 2007019,79388.337.30$144,528
Nov 2007120,16591.677.29$147,129
Oct 2007021,30582.856.92$147,473
Sep 2007921,54075.846.24$135,182
Aug 2007023,55169.066.39$150,442
Jul 2007122,75070.906.39$145,397
Jun 2007023,34062.007.55$176,181
May 2007025,05358.747.85$196,573
Apr 2007024,57159.617.81$191,782
Mar 2007027,38056.927.30$199,928
Feb 2007026,00655.108.22$213,665
Jan 2007130,40350.306.73$204,567
Dec 2006031,50856.656.92$217,986
Nov 2006134,28754.207.62$261,235
Oct 2006339,29954.906.01$236,501
Sep 2006328,97560.085.04$146,133
Aug 2006026,49168.717.34$194,442
Jul 2006230,23269.376.34$191,893
Jun 2006231,91866.286.38$203,893
May 2006335,07866.016.42$225,574
Apr 2006235,07964.397.36$258,327
Mar 2006240,03956.707.08$283,706
Feb 20061138,21457.597.75$296,835
Jan 20061045,93360.598.93$410,940
Dec 2005659,61854.9413.42$800,129
Nov 20052878,98254.6910.59$837,824
Oct 200513,00258.3413.80$41,473

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                  308 Mcf  × $  3.05 =       $938

────────────────────────────────────────────────────
Month total                                     $938

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/217402 is the state's own key, not one this site invented.