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 218114District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$17.0 M
Mar 2006 – May 2026
Value, last 12 filed months
$50 k
at the published price for each month
Months reported
243
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 Gas112008-02-06168620
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
CondensateDisposition92 bbl$5,797
GasProduction2,929,666 Mcf$17,034,045
Total$17,039,843

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 31.4034, -96.2463. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.40337, -96.24630 · 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
14,800 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 14,800 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-289315222914,800 ftMar 2006

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 (243)

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

243 months

May 20260697106.413.05$2,123
Apr 2026094598.932.87$2,712
Mar 2026098289.753.15$3,093
Feb 2026094263.503.75$3,533
Jan 2026088959.138.00$7,110
Dec 202501,29056.664.41$5,693
Nov 202501,16758.593.93$4,582
Oct 202501,26359.383.30$4,174
Sep 202501,46462.743.08$4,505
Aug 202501,06763.933.01$3,217
Jul 202501,75766.743.32$5,825
Jun 2025094566.483.13$2,957
May 202501,16560.553.23$3,766
Apr 2025065462.363.54$2,317
Mar 2025078267.704.27$3,338
Feb 2025096470.884.34$4,185
Jan 2025099974.324.28$4,274
Dec 2024095768.993.12$2,987
Nov 2024090469.052.20$1,987
Oct 202401,38571.372.28$3,160
Sep 202402,34669.612.36$5,547
Aug 202402,81475.632.06$5,807
Jul 2024068679.932.15$1,473
Jun 2024065678.082.63$1,728
May 2024073678.812.20$1,618
Apr 2024076484.451.66$1,268
Mar 202401,05580.301.55$1,630
Feb 202401,68276.091.78$3,000
Jan 202401,99773.023.30$6,585
Dec 202302,50971.262.61$6,550
Nov 202301,91777.892.81$5,382
Oct 202302,43085.443.09$7,502
Sep 202302,51489.042.74$6,876
Aug 202302,17680.522.67$5,816
Jul 202302,32674.852.64$6,145
Jun 202302,25068.962.26$5,082
May 202301,66370.622.23$3,704
Apr 202302,07278.122.24$4,637
Mar 202302,25472.852.39$5,394
Feb 2023097975.112.47$2,414
Jan 202301,71576.533.39$5,810
Dec 202202,18276.415.73$12,501
Nov 202202,21485.005.65$12,501
Oct 202201,83687.185.86$10,766
Sep 2022089184.888.16$7,274
Aug 2022072394.529.13$6,599
Jul 20220690101.587.54$5,204
Jun 20220863115.097.98$6,884
May 202201,412109.378.43$11,907
Apr 202201,287104.226.84$8,800
Mar 202201,543108.885.08$7,833
Feb 2022085891.054.86$4,169
Jan 2022082981.844.54$3,762
Dec 2021088271.323.90$3,439
Nov 2021092177.435.24$4,823
Oct 2021088779.795.71$5,068
Sep 2021084469.865.35$4,516
Aug 202101,35166.024.22$5,702
Jul 202101,79070.783.98$7,128
Jun 202102,42769.493.38$8,205
May 202101,14963.483.02$3,467
Apr 202101,05160.362.76$2,899
Mar 2021099861.302.72$2,712
Feb 2021063657.805.55$3,529
Jan 202101,68450.412.81$4,732
Dec 202002,71544.642.68$7,264
Nov 202001,78138.772.71$4,820
Oct 202001,74536.972.48$4,325
Sep 202001,45837.091.99$2,903
Aug 202002,33139.982.39$5,560
Jul 202002,71338.371.83$4,952
Jun 202002,84834.901.69$4,814
May 202002,85816.921.81$5,187
Apr 202001,53314.751.80$2,766
Mar 202001,91630.341.86$3,557
Feb 202002,78049.881.98$5,506
Jan 202003,24957.252.09$6,806
Dec 201903,09859.012.30$7,139
Nov 201903,37755.302.75$9,289
Oct 201903,64053.472.42$8,803
Sep 201904,25455.052.66$11,304
Aug 201902,50453.112.30$5,770
Jul 201902,56856.272.46$6,317
Jun 201902,69152.782.49$6,704
May 201902,24558.482.74$6,152
Apr 201901,95562.632.75$5,378
Mar 201901,67056.803.06$5,114
Feb 201903,27550.852.79$9,145
Jan 201901,86946.033.23$6,033
Dec 201802,36946.594.19$9,915
Nov 201802,06852.934.24$8,763
Oct 201802,34661.443.40$7,972
Sep 201802,69759.543.11$8,382
Aug 201802,36359.403.07$7,246
Jul 201802,57665.142.93$7,553
Jun 201802,61760.183.08$8,052
May 201802,89765.382.90$8,404
Apr 201801,86563.842.90$5,410
Mar 201802,65961.222.79$7,410
Feb 201802,67261.782.77$7,391
Jan 201802,60962.874.01$10,460
Dec 201702,83457.272.92$8,280
Nov 201703,70555.423.12$11,554
Oct 201703,29549.292.98$9,831
Sep 201703,52847.523.09$10,892
Aug 201703,38945.373.00$10,182
Jul 201703,41243.873.09$10,534
Jun 201704,34042.493.09$13,399
May 201704,47745.373.26$14,610
Apr 201704,37147.933.21$14,038
Mar 201703,94646.772.98$11,774
Feb 201703,54750.452.95$10,473
Jan 201704,59449.413.42$15,706
Dec 201604,17448.763.72$15,539
Nov 201605,15342.492.64$13,626
Oct 201604,82046.193.09$14,895
Sep 201605,17741.553.10$16,052
Aug 201605,19141.442.92$15,180
Jul 201601,90841.622.92$5,580
Jun 20160045.352.69$0
May 201602,40942.521.99$4,796
Apr 201602,47036.561.99$4,918
Mar 201602,48633.011.79$4,460
Feb 201601,99626.472.06$4,119
Jan 201601,93527.352.36$4,575
Dec 201502,92532.362.00$5,854
Nov 201502,83638.792.17$6,147
Oct 201503,40043.552.43$8,250
Sep 201505,62942.992.76$15,527
Aug 201502,53540.162.87$7,282
Jul 201503,16748.152.95$9,327
Jun 201505,32556.152.88$15,351
May 201503,49755.212.96$10,335
Apr 201504,11749.822.71$11,143
Mar 201504,91142.892.93$14,412
Feb 201503,63244.662.98$10,810
Jan 201504,19243.433.10$12,998
Dec 201404,83154.693.59$17,350
Nov 201403,85070.464.25$16,370
Oct 201405,15178.303.90$20,094
Sep 201404,38686.164.05$17,743
Aug 201404,62489.394.04$18,658
Jul 201405,18796.564.18$21,680
Jun 201405,71598.164.74$27,071
May 201406,42894.734.73$30,382
Apr 201406,05095.944.81$29,095
Mar 201406,00295.895.06$30,351
Feb 201405,59897.406.19$34,663
Jan 201405,97490.404.86$29,038
Dec 201305,44591.824.35$23,710
Nov 201306,35588.853.74$23,757
Oct 201304,91097.423.78$18,557
Sep 201306,032104.113.72$22,425
Aug 201307,093104.253.52$24,986
Jul 201306,749102.523.72$25,091
Jun 201307,06294.403.93$27,778
May 201307,79894.834.15$32,355
Apr 201306,26493.964.28$26,826
Mar 201308,44093.623.91$33,025
Feb 201306,50391.233.42$22,240
Jan 201306,91991.603.42$23,662
Dec 2012010,01886.773.42$34,263
Nov 201207,72186.953.62$27,988
Oct 201204,19189.383.40$14,248
Sep 201207,70994.672.92$22,498
Aug 201208,90492.662.91$25,894
Jul 201209,95085.133.02$30,057
Jun 201209,53079.822.52$24,006
May 2012010,00191.612.49$24,886
Apr 201209,696101.652.00$19,361
Mar 2012010,724105.052.22$23,830
Feb 2012010,134101.102.57$26,047
Jan 2012011,32898.092.73$30,972
Dec 2011011,62396.873.24$37,656
Nov 2011012,29995.723.31$40,725
Oct 2011012,26584.983.65$44,749
Sep 2011012,32883.623.99$49,137
Aug 2011014,98683.404.15$62,182
Jul 2011015,18694.144.52$68,599
Jun 2011016,34792.904.64$75,848
May 2011018,40098.134.40$81,049
Apr 2011018,768105.964.33$81,327
Mar 2011024,78696.364.06$100,565
Feb 2011119,00285.644.18$79,514
Jan 201105,71986.504.59$26,243
Dec 2010022,30785.734.35$96,985
Nov 2010016,19480.843.80$61,462
Oct 2010015,55678.103.51$54,584
Sep 2010016,15072.633.98$64,268
Aug 2010016,91973.684.42$74,771
Jul 2010017,35772.554.74$82,211
Jun 2010018,45470.364.91$90,617
May 2010020,77671.124.24$87,991
Apr 2010021,91181.694.12$90,332
Mar 2010023,53878.394.39$103,301
Feb 2010022,90373.585.44$124,646
Jan 2010012,24474.365.96$73,024
Dec 20090071.445.48$0
Nov 2009010,45074.593.75$39,203
Oct 2009019,97372.544.11$82,094
Sep 2009023,40265.543.06$71,721
Aug 2009026,89567.423.22$86,562
Jul 2009022,87261.133.46$79,240
Jun 2009028,09566.163.90$109,430
May 2009033,22554.743.93$130,433
Apr 2009114,96146.773.59$53,719
Mar 2009021,32342.144.06$86,550
Feb 2009019,24232.814.63$89,148
Jan 2009021,67435.865.37$116,411
Dec 2008021,86837.105.98$130,708
Nov 2008021,24355.496.86$145,735
Oct 2008023,51475.246.92$162,763
Sep 2008030,108101.767.88$237,163
Aug 200804,992114.228.48$42,347
Jul 2008018,013131.0811.39$205,158
Jun 2008025,067131.3313.03$326,689
May 2008127,945123.1711.57$323,567
Apr 2008028,795110.3110.45$301,048
Mar 2008030,191101.909.66$291,768
Feb 2008130,40392.538.77$266,744
Jan 2008235,21390.388.21$289,129
Dec 2007030,52288.337.30$222,871
Nov 2007033,78591.677.29$246,350
Oct 2007035,07882.856.92$242,809
Sep 2007034,56575.846.24$215,829
Aug 2007037,76969.066.39$241,266
Jul 2007039,53070.906.39$252,515
Jun 2007042,52462.007.55$320,990
May 2007041,58458.747.85$326,280
Apr 2007041,56159.617.81$324,392
Mar 2007148,62156.927.30$355,086
Feb 2007045,73855.108.22$375,783
Jan 2007154,46450.306.73$366,421
Dec 2006255,76456.656.92$385,913
Nov 2006460,38454.207.62$460,191
Oct 2006363,36554.906.01$381,229
Sep 2006173,22160.085.04$368,889
Aug 2006785,71868.717.34$629,644
Jul 2006598,31369.376.34$623,923
Jun 20068106,55466.286.38$680,758
May 20066111,38866.016.42$716,064
Apr 200617165,95364.397.36$1,222,588
Mar 200631115,67056.707.08$821,039

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                  697 Mcf  × $  3.05 =     $2,123

────────────────────────────────────────────────────
Month total                                   $2,123

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/218114 is the state's own key, not one this site invented.