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 218103District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.7 M
Dec 2005 – May 2026
Value, last 12 filed months
$15 k
at the published price for each month
Months reported
246
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 Gas112008-02-06167863
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
CondensateDisposition673 bbl$47,484
GasProduction769,993 Mcf$3,690,096
Total$3,737,580

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 31.4192, -96.2358. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.41921, -96.23585 · 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
14,608 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 14,608 ft.

Completions filed
Sep 2009
1 of 1 wells

1 well

42-161332692114,608 ftSep 2009

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 (246)

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

246 months

May 20260312106.413.05$950
Apr 2026030898.932.87$884
Mar 2026032589.753.15$1,024
Feb 2026029963.503.75$1,121
Jan 2026033659.138.00$2,687
Dec 2025034056.664.41$1,501
Nov 2025032758.593.93$1,284
Oct 2025034059.383.30$1,124
Sep 2025033962.743.08$1,043
Aug 2025035963.933.01$1,082
Jul 2025037466.743.32$1,240
Jun 2025037166.483.13$1,161
May 2025052360.553.23$1,691
Apr 2025036762.363.54$1,300
Mar 2025033267.704.27$1,417
Feb 2025040870.884.34$1,771
Jan 2025064174.324.28$2,743
Dec 202421,26268.993.12$4,077
Nov 202424,95169.052.20$11,023
Oct 2024016271.372.28$370
Sep 2024022869.612.36$539
Aug 2024018575.632.06$382
Jul 2024020079.932.15$429
Jun 2024019678.082.63$516
May 2024020678.812.20$453
Apr 2024020384.451.66$337
Mar 2024021480.301.55$331
Feb 2024019876.091.78$353
Jan 2024018573.023.30$610
Dec 2023021071.262.61$548
Nov 2023020777.892.81$581
Oct 2023021185.443.09$651
Sep 2023019689.042.74$536
Aug 2023021380.522.67$569
Jul 2023021774.852.64$573
Jun 2023021368.962.26$481
May 2023022570.622.23$501
Apr 2023021678.122.24$483
Mar 2023020672.852.39$493
Feb 2023019775.112.47$486
Jan 2023022876.533.39$772
Dec 2022021776.415.73$1,243
Nov 2022022185.005.65$1,248
Oct 2022022787.185.86$1,331
Sep 2022022184.888.16$1,804
Aug 2022024294.529.13$2,209
Jul 20220229101.587.54$1,727
Jun 20220218115.097.98$1,739
May 20220222109.378.43$1,872
Apr 20220217104.226.84$1,484
Mar 20220227108.885.08$1,152
Feb 2022020291.054.86$981
Jan 2022022081.844.54$998
Dec 2021026171.323.90$1,018
Nov 2021020377.435.24$1,063
Oct 2021023779.795.71$1,354
Sep 2021021369.865.35$1,140
Aug 2021023366.024.22$983
Jul 2021023470.783.98$932
Jun 2021023169.493.38$781
May 2021023863.483.02$718
Apr 2021023960.362.76$659
Mar 2021024961.302.72$677
Feb 2021018957.805.55$1,049
Jan 2021023750.412.81$666
Dec 2020025744.642.68$688
Nov 2020013738.772.71$371
Oct 2020024436.972.48$605
Sep 2020023237.091.99$462
Aug 20209423539.982.39$4,319
Jul 2020024638.371.83$449
Jun 2020023434.901.69$396
May 2020025316.921.81$459
Apr 2020024714.751.80$446
Mar 2020024130.341.86$447
Feb 2020024449.881.98$483
Jan 2020024857.252.09$520
Dec 2019025659.012.30$590
Nov 2019024955.302.75$685
Oct 2019025453.472.42$614
Sep 2019025155.052.66$667
Aug 2019025253.112.30$581
Jul 2019026256.272.46$645
Jun 2019026152.782.49$650
May 2019027858.482.74$762
Apr 2019039862.632.75$1,095
Mar 2019053456.803.06$1,635
Feb 2019052150.852.79$1,455
Jan 2019058146.033.23$1,876
Dec 2018056746.594.19$2,373
Nov 2018057052.934.24$2,415
Oct 2018068861.443.40$2,338
Sep 2018067659.543.11$2,101
Aug 2018047259.403.07$1,447
Jul 2018036965.142.93$1,082
Jun 2018034560.183.08$1,062
May 2018034365.382.90$995
Apr 2018033963.842.90$983
Mar 2018034661.222.79$964
Feb 2018031661.782.77$874
Jan 2018033862.874.01$1,355
Dec 2017032657.272.92$952
Nov 2017026355.423.12$820
Oct 2017026749.292.98$797
Sep 2017024647.523.09$759
Aug 2017026845.373.00$805
Jul 2017026743.873.09$824
Jun 2017024742.493.09$763
May 2017025945.373.26$845
Apr 2017025547.933.21$819
Mar 2017026846.772.98$800
Feb 2017025250.452.95$744
Jan 2017031649.413.42$1,080
Dec 2016033948.763.72$1,262
Nov 2016033542.492.64$886
Oct 2016034046.193.09$1,051
Sep 2016032841.553.10$1,017
Aug 2016033541.442.92$980
Jul 2016034841.622.92$1,018
Jun 20160045.352.69$0
May 2016038242.521.99$761
Apr 2016037936.561.99$755
Mar 2016039433.011.79$707
Feb 2016039426.472.06$813
Jan 2016041627.352.36$984
Dec 2015042232.362.00$845
Nov 2015041038.792.17$889
Oct 2015042043.552.43$1,019
Sep 2015041142.992.76$1,134
Aug 2015043440.162.87$1,247
Jul 2015043748.152.95$1,287
Jun 2015045356.152.88$1,306
May 2015045055.212.96$1,330
Apr 2015061049.822.71$1,651
Mar 2015060342.892.93$1,770
Feb 2015057844.662.98$1,720
Jan 2015067443.433.10$2,090
Dec 2014075754.693.59$2,719
Nov 2014078870.464.25$3,350
Oct 2014076078.303.90$2,965
Sep 2014089386.164.05$3,613
Aug 2014085489.394.04$3,446
Jul 2014097796.564.18$4,083
Jun 2014085598.164.74$4,050
May 2014097094.734.73$4,585
Apr 201401,16095.944.81$5,579
Mar 201401,50695.895.06$7,616
Feb 201402,79097.406.19$17,276
Jan 201403,56690.404.86$17,333
Dec 201303,64891.824.35$15,885
Nov 201303,36888.853.74$12,591
Oct 201303,78897.423.78$14,316
Sep 201303,693104.113.72$13,730
Aug 201303,782104.253.52$13,323
Jul 201303,913102.523.72$14,548
Jun 201304,07394.403.93$16,021
May 201303,53494.834.15$14,663
Apr 201303,41293.964.28$14,612
Mar 201303,52993.623.91$13,809
Feb 201303,27291.233.42$11,190
Jan 201303,56291.603.42$12,182
Dec 201204,08386.773.42$13,965
Nov 201203,93786.953.62$14,271
Oct 201204,60589.383.40$15,656
Sep 201204,58794.672.92$13,387
Aug 201205,37292.662.91$15,623
Jul 201205,69785.133.02$17,210
Jun 201204,68379.822.52$11,797
May 20121784,41691.612.49$27,295
Apr 201204,919101.652.00$9,822
Mar 201204,963105.052.22$11,028
Feb 201204,782101.102.57$12,291
Jan 201204,62698.092.73$12,648
Dec 201106,77096.873.24$21,933
Nov 201108,18495.723.31$27,100
Oct 201107,26384.983.65$26,499
Sep 201106,12083.623.99$24,393
Aug 201106,91883.404.15$28,705
Jul 201105,85494.144.52$26,444
Jun 201104,92692.904.64$22,856
May 201105,97798.134.40$26,328
Apr 201106,159105.964.33$26,689
Mar 201106,77096.364.06$27,468
Feb 201106,69585.644.18$27,985
Jan 201107,29886.504.59$33,489
Dec 201008,48085.734.35$36,869
Nov 201007,39480.843.80$28,063
Oct 20101838,93178.103.51$45,630
Sep 201009,01172.633.98$35,859
Aug 2010010,09873.684.42$44,627
Jul 2010010,58572.554.74$50,136
Jun 2010010,61070.364.91$52,099
May 2010011,22371.124.24$47,532
Apr 2010012,60581.694.12$51,967
Mar 2010112,41278.394.39$54,551
Feb 2010512,93973.585.44$70,787
Jan 2010415,64074.365.96$93,576
Dec 2009017,23071.445.48$94,485
Nov 2009020,30874.593.75$76,185
Oct 2009026,79172.544.11$110,118
Sep 2009027,72065.543.06$84,955
Aug 2009028,50867.423.22$91,753
Jul 2009052,27161.133.46$181,093
Jun 200909,72866.163.90$37,891
May 200901,25354.743.93$4,919
Apr 2009155946.773.59$2,052
Mar 2009065242.144.06$2,646
Feb 2009039932.814.63$1,849
Jan 2009052935.865.37$2,841
Dec 2008063337.105.98$3,784
Nov 2008040555.496.86$2,778
Oct 2008060075.246.92$4,153
Sep 20080657101.767.88$5,175
Aug 20080464114.228.48$3,936
Jul 20080866131.0811.39$9,863
Jun 20080455131.3313.03$5,930
May 20080565123.1711.57$6,539
Apr 20080368110.3110.45$3,847
Mar 20080624101.909.66$6,030
Feb 2008072092.538.77$6,315
Jan 2008098490.388.21$8,074
Dec 200701,35588.337.30$9,894
Nov 200701,33191.677.29$9,705
Oct 200701,62182.856.92$11,221
Sep 200704,83075.846.24$30,159
Aug 200705,51669.066.39$35,236
Jul 200724,82670.906.39$30,970
Jun 200724,63262.007.55$35,088
May 200703,61858.747.85$28,388
Apr 200715,03559.617.81$39,359
Mar 200706,20456.927.30$45,301
Feb 200705,69255.108.22$46,765
Jan 200725,69950.306.73$38,437
Dec 200626,54656.656.92$45,401
Nov 200635,77254.207.62$44,131
Oct 200626,58954.906.01$39,735
Sep 200659,75460.085.04$49,433
Aug 2006310,69168.717.34$78,677
Jul 2006511,49069.376.34$73,225
Jun 2006812,35666.286.38$79,409
May 2006913,76466.016.42$89,028
Apr 20061116,10664.397.36$119,256
Mar 20061024,46056.707.08$173,815
Feb 20062411,15457.597.75$87,838
Jan 20066223,20960.598.93$211,090
Dec 2005521,60554.9413.42$24,389

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                  312 Mcf  × $  3.05 =       $950

────────────────────────────────────────────────────
Month total                                     $950

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/218103 is the state's own key, not one this site invented.