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 223580District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.5 M
Aug 2006 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
238
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 Gas112008-02-06170673
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
CondensateDisposition61 bbl$3,671
GasProduction1,589,433 Mcf$9,459,014
Total$9,462,686

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 31.3969, -96.2337. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.39694, -96.23373 · 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
100.0%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
14,493 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
1100.0%
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.
00.0%

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 14,493 ft.

Completions filed
Mar 2026
1 of 1 wells

1 well

42-2893155923H14,493 ftMar 2026Yes

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 (238)

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

238 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 2019099546.033.23$3,212
Dec 201801,15346.594.19$4,826
Nov 201801,16352.934.24$4,928
Oct 201801,19061.443.40$4,044
Sep 201801,06359.543.11$3,304
Aug 201801,53459.403.07$4,704
Jul 201801,12265.142.93$3,290
Jun 201801,08560.183.08$3,338
May 201801,10165.382.90$3,194
Apr 201801,18263.842.90$3,429
Mar 201801,11461.222.79$3,105
Feb 201801,14561.782.77$3,167
Jan 201801,23862.874.01$4,964
Dec 201701,71357.272.92$5,005
Nov 201701,68555.423.12$5,254
Oct 2017098749.292.98$2,945
Sep 2017096447.523.09$2,976
Aug 201701,17745.373.00$3,536
Jul 201701,30643.873.09$4,032
Jun 201701,17142.493.09$3,615
May 201701,41145.373.26$4,605
Apr 201701,50647.933.21$4,837
Mar 201701,61946.772.98$4,831
Feb 201701,53050.452.95$4,517
Jan 201701,82849.413.42$6,250
Dec 201601,97748.763.72$7,360
Nov 201602,41242.492.64$6,378
Oct 201602,89146.193.09$8,934
Sep 201603,37841.553.10$10,474
Aug 201603,91841.442.92$11,458
Jul 201603,48341.622.92$10,185
Jun 20160045.352.69$0
May 201603,13542.521.99$6,242
Apr 201602,24436.561.99$4,468
Mar 201602,36833.011.79$4,248
Feb 201601,96326.472.06$4,051
Jan 201602,14527.352.36$5,072
Dec 201502,17532.362.00$4,353
Nov 201502,01738.792.17$4,372
Oct 201502,11143.552.43$5,123
Sep 201502,30042.992.76$6,344
Aug 201502,76440.162.87$7,940
Jul 201502,87248.152.95$8,458
Jun 201503,39756.152.88$9,793
May 201502,93855.212.96$8,683
Apr 201502,52049.822.71$6,821
Mar 201502,49542.892.93$7,322
Feb 201502,31144.662.98$6,878
Jan 201502,53443.433.10$7,857
Dec 201402,57854.693.59$9,259
Nov 201402,55970.464.25$10,880
Oct 201402,59978.303.90$10,139
Sep 201402,55586.164.05$10,336
Aug 201402,76889.394.04$11,169
Jul 201402,91796.564.18$12,192
Jun 201403,34198.164.74$15,826
May 201403,18094.734.73$15,030
Apr 201403,30895.944.81$15,909
Mar 201403,57695.895.06$18,083
Feb 201403,59697.406.19$22,266
Jan 201404,26890.404.86$20,746
Dec 201303,61991.824.35$15,759
Nov 201303,57188.853.74$13,349
Oct 201303,75097.423.78$14,173
Sep 201303,772104.113.72$14,023
Aug 201303,766104.253.52$13,266
Jul 201303,669102.523.72$13,640
Jun 201303,94594.403.93$15,517
May 201304,16594.834.15$17,281
Apr 201303,56993.964.28$15,285
Mar 201303,85893.623.91$15,096
Feb 201303,80391.233.42$13,006
Jan 201304,42391.603.42$15,126
Dec 201204,50686.773.42$15,411
Nov 201204,45886.953.62$16,160
Oct 201205,00589.383.40$17,015
Sep 201205,24694.672.92$15,310
Aug 201204,75492.662.91$13,825
Jul 201205,67185.133.02$17,131
Jun 201206,29179.822.52$15,847
May 201206,62491.612.49$16,483
Apr 201206,597101.652.00$13,173
Mar 201207,030105.052.22$15,621
Feb 201206,717101.102.57$17,264
Jan 201207,66298.092.73$20,949
Dec 201107,81996.873.24$25,332
Nov 201105,87095.723.31$19,437
Oct 201107,07084.983.65$25,795
Sep 201107,33983.623.99$29,252
Aug 201107,88883.404.15$32,730
Jul 201108,14194.144.52$36,775
Jun 201107,92892.904.64$36,785
May 201106,17698.134.40$27,204
Apr 201107,627105.964.33$33,050
Mar 201109,63996.364.06$39,109
Feb 201108,62985.644.18$36,069
Jan 2011010,80986.504.59$49,600
Dec 2010011,62285.734.35$50,530
Nov 2010012,16780.843.80$46,178
Oct 2010012,16978.103.51$42,700
Sep 2010013,18272.633.98$52,457
Aug 2010313,07573.684.42$58,004
Jul 201008,67472.554.74$41,084
Jun 2010014,21670.364.91$69,806
May 2010115,96871.124.24$67,699
Apr 2010016,64681.694.12$68,626
Mar 2010119,36578.394.39$85,065
Feb 2010515,07273.585.44$82,395
Jan 2010318,46374.365.96$110,338
Dec 2009027,61371.445.48$151,423
Nov 2009019,74174.593.75$74,058
Oct 200904,53872.544.11$18,652
Sep 2009010,11765.543.06$31,006
Aug 2009026067.423.22$837
Jul 200905861.133.46$201
Jun 2009012066.163.90$467
May 2009057154.743.93$2,242
Apr 20090046.773.59$0
Mar 2009047942.144.06$1,944
Feb 2009024732.814.63$1,144
Jan 2009030035.865.37$1,611
Dec 2008069637.105.98$4,160
Nov 2008029955.496.86$2,051
Oct 2008032275.246.92$2,229
Sep 20080441101.767.88$3,474
Aug 20080391114.228.48$3,317
Jul 20080436131.0811.39$4,966
Jun 20080535131.3313.03$6,972
May 20080482123.1711.57$5,579
Apr 20080685110.3110.45$7,162
Mar 20080613101.909.66$5,924
Feb 2008080292.538.77$7,034
Jan 2008057290.388.21$4,694
Dec 200701,30388.337.30$9,514
Nov 2007066891.677.29$4,871
Oct 200702,90682.856.92$20,115
Sep 2007088975.846.24$5,551
Aug 20072269.066.39$151
Jul 2007021970.906.39$1,399
Jun 2007225,43162.007.55$192,089
May 2007076,57058.747.85$600,790
Apr 2007088,17359.617.81$688,208
Mar 2007195,66056.927.30$698,563
Feb 2007434,21855.108.22$281,355
Jan 2007153,38550.306.73$359,163
Dec 20065120,75856.656.92$835,740
Nov 200621154,99954.207.62$1,181,840
Oct 2006640,09854.906.01$241,471
Sep 20065114,52760.085.04$577,196
Aug 20061197,70968.717.34$1,451,237

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.

Jan 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 46.03 =         $0
Gas                  995 Mcf  × $  3.23 =     $3,212

────────────────────────────────────────────────────
Month total                                   $3,212

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/223580 is the state's own key, not one this site invented.