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 229540District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.3 M
Jun 2007 – May 2026
Value, last 12 filed months
$61 k
at the published price for each month
Months reported
228
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 Gas112008-02-06178016
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
CondensateDisposition1,737 bbl$140,870
GasProduction1,510,088 Mcf$8,208,353
Total$8,349,223

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 31.4777, -96.2843. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47767, -96.28432 · 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
13,460 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 13,460 ft.

Completions filed
Jun 2007
1 of 1 wells

1 well

42-293318931313,460 ftJun 2007

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 (228)

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

228 months

May 202601,405106.413.05$4,279
Apr 202611,34298.932.87$3,950
Mar 202621,34989.753.15$4,428
Feb 202611,13463.503.75$4,316
Jan 202601,18259.138.00$9,454
Dec 202521,23256.664.41$5,551
Nov 202511,11858.593.93$4,448
Oct 202541,85959.383.30$6,381
Sep 202511,44462.743.08$4,506
Aug 202521,24863.933.01$3,890
Jul 202501,47366.743.32$4,883
Jun 202501,67566.483.13$5,241
May 202511,29060.553.23$4,230
Apr 202521,17862.363.54$4,299
Mar 202551,01467.704.27$4,667
Feb 2025097870.884.34$4,245
Jan 202511,02674.324.28$4,464
Dec 202461,27668.993.12$4,397
Nov 202401,19669.052.20$2,629
Oct 202421,24171.372.28$2,974
Sep 202431,22869.612.36$3,112
Aug 2024093375.632.06$1,925
Jul 2024023079.932.15$494
Jun 2024014978.082.63$392
May 2024020178.812.20$442
Apr 2024021684.451.66$358
Mar 2024012280.301.55$189
Feb 2024022176.091.78$394
Jan 2024024773.023.30$815
Dec 202307471.262.61$193
Nov 2023022777.892.81$637
Oct 202308185.443.09$250
Sep 2023021989.042.74$599
Aug 2023022680.522.67$604
Jul 2023029674.852.64$782
Jun 2023018368.962.26$413
May 2023029570.622.23$657
Apr 2023033178.122.24$741
Mar 2023033072.852.39$790
Feb 2023028675.112.47$705
Jan 2023039076.533.39$1,321
Dec 2022042476.415.73$2,429
Nov 2022053885.005.65$3,038
Oct 2022057987.185.86$3,395
Sep 2022053984.888.16$4,400
Aug 2022053294.529.13$4,856
Jul 20220497101.587.54$3,748
Jun 20220487115.097.98$3,885
May 20220532109.378.43$4,486
Apr 20220542104.226.84$3,706
Mar 20220591108.885.08$3,000
Feb 2022055191.054.86$2,677
Jan 2022066181.844.54$2,999
Dec 2021088571.323.90$3,451
Nov 202101,08777.435.24$5,692
Oct 202101,11779.795.71$6,382
Sep 202101,08869.865.35$5,822
Aug 202101,01266.024.22$4,271
Jul 202101,01070.783.98$4,022
Jun 2021099669.493.38$3,367
May 202101,07263.483.02$3,235
Apr 202101,08860.362.76$3,001
Mar 202101,00161.302.72$2,720
Feb 2021084057.805.55$4,660
Jan 202101,25250.412.81$3,518
Dec 202001,39244.642.68$3,724
Nov 202001,75838.772.71$4,758
Oct 202001,83336.972.48$4,543
Sep 202001,80837.091.99$3,600
Aug 202001,91739.982.39$4,572
Jul 202002,18338.371.83$3,984
Jun 202002,04834.901.69$3,462
May 202002,60716.921.81$4,731
Apr 202001,69514.751.80$3,058
Mar 202002,30230.341.86$4,273
Feb 202002,09349.881.98$4,146
Jan 202001,47057.252.09$3,079
Dec 201902,31659.012.30$5,337
Nov 201904,70455.302.75$12,939
Oct 201903,51453.472.42$8,499
Sep 20191404,86855.052.66$20,643
Aug 201904,40353.112.30$10,146
Jul 201901,90556.272.46$4,686
Jun 201904,54252.782.49$11,315
May 201904,48458.482.74$12,288
Apr 201904,67962.632.75$12,871
Mar 201904,92456.803.06$15,078
Feb 201904,67950.852.79$13,065
Jan 201905,08346.033.23$16,409
Dec 201805,31946.594.19$22,262
Nov 201805,40052.934.24$22,881
Oct 201805,50261.443.40$18,696
Sep 201805,50159.543.11$17,097
Aug 201805,73259.403.07$17,578
Jul 201805,64765.142.93$16,556
Jun 201805,76860.183.08$17,748
May 201805,93365.382.90$17,210
Apr 201806,18763.842.90$17,947
Mar 201806,27661.222.79$17,490
Feb 201805,32061.782.77$14,716
Jan 201805,68762.874.01$22,801
Dec 201705,68957.272.92$16,621
Nov 201705,53355.423.12$17,254
Oct 201705,78549.292.98$17,261
Sep 201705,89947.523.09$18,212
Aug 201705,77045.373.00$17,335
Jul 201705,99343.873.09$18,502
Jun 201705,92242.493.09$18,283
May 201706,54645.373.26$21,362
Apr 201706,30247.933.21$20,240
Mar 201706,17246.772.98$18,415
Feb 201706,03550.452.95$17,819
Jan 201706,81149.413.42$23,285
Dec 201607,13848.763.72$26,574
Nov 201607,59442.492.64$20,081
Oct 201608,35846.193.09$25,828
Sep 201608,23741.553.10$25,540
Aug 201608,95241.442.92$26,179
Jul 201609,54041.622.92$27,898
Jun 201602,98345.352.69$8,012
May 201602,17942.521.99$4,338
Apr 2016010,39036.561.99$20,687
Mar 201603,44533.011.79$6,180
Feb 201604,25226.472.06$8,775
Jan 201605,18527.352.36$12,259
Dec 201504,04632.362.00$8,098
Nov 201502,96638.792.17$6,428
Oct 201502,00643.552.43$4,868
Sep 2015153,03342.992.76$9,011
Aug 201504,18540.162.87$12,021
Jul 201503,95748.152.95$11,654
Jun 201504,86056.152.88$14,011
May 201504,57355.212.96$13,515
Apr 201503,92249.822.71$10,615
Mar 201503,35142.892.93$9,834
Feb 201504,03344.662.98$12,003
Jan 201504,45443.433.10$13,810
Dec 201404,05354.693.59$14,556
Nov 201405,26870.464.25$22,399
Oct 201405,73678.303.90$22,376
Sep 201405,49786.164.05$22,238
Aug 201405,20489.394.04$20,999
Jul 201405,21396.564.18$21,788
Jun 201404,41098.164.74$20,890
May 201406,20694.734.73$29,333
Apr 201406,97795.944.81$33,553
Mar 201405,07795.895.06$25,673
Feb 201405,03097.406.19$31,146
Jan 201404,85090.404.86$23,574
Dec 201305,43291.824.35$23,654
Nov 201304,60788.853.74$17,222
Oct 201304,90797.423.78$18,545
Sep 201303,470104.113.72$12,901
Aug 201305,473104.253.52$19,279
Jul 201304,999102.523.72$18,585
Jun 201306,41994.403.93$25,249
May 201305,03594.834.15$20,891
Apr 201305,03293.964.28$21,550
Mar 201306,34593.623.91$24,827
Feb 201303,68891.233.42$12,613
Jan 201305,54891.603.42$18,974
Dec 201205,69786.773.42$19,485
Nov 201205,49986.953.62$19,934
Oct 201206,59189.383.40$22,407
Sep 201205,40094.672.92$15,759
Aug 201205,54992.662.91$16,137
Jul 201205,00685.133.02$15,122
Jun 201206,69079.822.52$16,852
May 201204,95191.612.49$12,320
Apr 201205,509101.652.00$11,000
Mar 201206,643105.052.22$14,761
Feb 201205,773101.102.57$14,838
Jan 201205,86898.092.73$16,044
Dec 201105,02296.873.24$16,270
Nov 201104,78795.723.31$15,851
Oct 201103,63784.983.65$13,270
Sep 201104,57583.623.99$18,235
Aug 201106,92683.404.15$28,738
Jul 201106,18294.144.52$27,926
Jun 201116,31692.904.64$29,398
May 201107,14698.134.40$31,477
Apr 201105,785105.964.33$25,068
Mar 201116,44896.364.06$26,258
Feb 201108,42585.644.18$35,216
Jan 2011011,18686.504.59$51,330
Dec 201008,04685.734.35$34,982
Nov 2010010,53280.843.80$39,972
Oct 2010011,79778.103.51$41,394
Sep 201005,00872.633.98$19,929
Aug 20101798,52673.684.42$50,868
Jul 201009,86672.554.74$46,730
Jun 2010011,49370.364.91$56,435
May 2010010,98371.124.24$46,515
Apr 201019,55581.694.12$39,474
Mar 201019,48178.394.39$41,687
Feb 201007,06673.585.44$38,456
Jan 201009,31574.365.96$55,556
Dec 2009011,28271.445.48$61,868
Nov 2009012,15674.593.75$45,603
Oct 2009013,30472.544.11$54,683
Sep 2009010,42165.543.06$31,938
Aug 200902,32367.423.22$7,477
Jul 200922,55161.133.46$8,960
Jun 2009012466.163.90$483
May 2009014854.743.93$581
Apr 200955,88846.773.59$21,357
Mar 20091417,99042.144.06$73,611
Feb 2009616,49532.814.63$76,618
Jan 200918717,73035.865.37$101,934
Dec 2008019,42737.105.98$116,118
Nov 2008819,97855.496.86$137,500
Oct 2008921,32075.246.92$148,254
Sep 2008821,887101.767.88$173,220
Aug 2008223,982114.228.48$203,668
Jul 200818124,020131.0811.39$297,300
Jun 20081421,399131.3313.03$280,724
May 20082927,493123.1711.57$321,784
Apr 20082328,899110.3110.45$304,672
Mar 20087233,394101.909.66$330,059
Feb 20088935,93092.538.77$323,362
Jan 200827946,16990.388.21$404,066
Dec 200710251,49588.337.30$385,025
Nov 20071917,49091.677.29$129,274
Oct 20073828,25482.856.92$198,722
Sep 200718044,96675.846.24$294,426
Aug 20071269,42269.066.39$444,292
Jul 20075559,62670.906.39$384,787
Jun 20073134,12962.007.55$259,543

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                1,405 Mcf  × $  3.05 =     $4,279

────────────────────────────────────────────────────
Month total                                   $4,279

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/229540 is the state's own key, not one this site invented.