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 229680District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.6 M
Jun 2007 – May 2026
Value, last 12 filed months
$112 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 Gas112008-02-06175508
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
CondensateDisposition646 bbl$59,746
GasProduction1,377,616 Mcf$6,558,521
Total$6,618,267

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 31.4727, -96.2856. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47272, -96.28561 · 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
13,500 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 13,500 ft.

Completions filed
Jun 2007
1 of 1 wells

1 well

42-293318921813,500 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 202602,557106.413.05$7,788
Apr 202602,32398.932.87$6,666
Mar 202612,47189.753.15$7,872
Feb 202602,29663.503.75$8,611
Jan 202602,52759.138.00$20,211
Dec 202512,59656.664.41$11,514
Nov 202502,52358.593.93$9,906
Oct 202522,60259.383.30$8,718
Sep 202512,58262.743.08$8,007
Aug 202512,41763.933.01$7,351
Jul 202502,77266.743.32$9,190
Jun 202501,96466.483.13$6,145
May 202502,55460.553.23$8,255
Apr 202512,57262.363.54$9,175
Mar 202512,65067.704.27$11,379
Feb 202502,52070.884.34$10,939
Jan 202502,78374.324.28$11,908
Dec 202402,49168.993.12$7,775
Nov 202402,53969.052.20$5,582
Oct 202402,41771.372.28$5,514
Sep 202402,11569.612.36$5,001
Aug 202402,68175.632.06$5,533
Jul 202412,43579.932.15$5,307
Jun 202412,63578.082.63$7,019
May 202412,34378.812.20$5,230
Apr 202412,58884.451.66$4,378
Mar 202402,70980.301.55$4,186
Feb 202402,55276.091.78$4,552
Jan 202402,75973.023.30$9,098
Dec 202302,68271.262.61$7,002
Nov 202302,29277.892.81$6,435
Oct 202302,76985.443.09$8,549
Sep 202302,67789.042.74$7,322
Aug 202302,53980.522.67$6,786
Jul 202302,89774.852.64$7,653
Jun 202302,76268.962.26$6,238
May 202302,55370.622.23$5,687
Apr 202302,75778.122.24$6,170
Mar 202302,90372.852.39$6,947
Feb 202302,72975.112.47$6,729
Jan 202302,58076.533.39$8,740
Dec 202202,93476.415.73$16,809
Nov 202202,82985.005.65$15,973
Oct 202202,98787.185.86$17,515
Sep 202202,94884.888.16$24,067
Aug 202202,95494.529.13$26,962
Jul 202203,224101.587.54$24,316
Jun 202203,417115.097.98$27,258
May 202203,319109.378.43$27,989
Apr 202203,181104.226.84$21,750
Mar 202201,822108.885.08$9,249
Feb 202201,81991.054.86$8,838
Jan 202202,58381.844.54$11,721
Dec 202103,48971.323.90$13,604
Nov 202102,71577.435.24$14,218
Oct 202102,15279.795.71$12,296
Sep 202103,00769.865.35$16,090
Aug 202102,71766.024.22$11,467
Jul 202102,84070.783.98$11,309
Jun 202103,31469.493.38$11,203
May 202104,19463.483.02$12,656
Apr 202104,96560.362.76$13,696
Mar 202105,87361.302.72$15,957
Feb 202104,30657.805.55$23,889
Jan 202104,30550.412.81$12,098
Dec 202004,10244.642.68$10,975
Nov 202003,09038.772.71$8,363
Oct 202004,43036.972.48$10,979
Sep 202003,49637.091.99$6,961
Aug 202002,95439.982.39$7,046
Jul 202003,86438.371.83$7,052
Jun 202002,67534.901.69$4,522
May 202003,09716.921.81$5,620
Apr 202003,24714.751.80$5,859
Mar 202003,54530.341.86$6,580
Feb 202003,34249.881.98$6,619
Jan 202003,68457.252.09$7,717
Dec 201904,27459.012.30$9,849
Nov 201901,39255.302.75$3,829
Oct 201905,09453.472.42$12,320
Sep 201904,05155.052.66$10,765
Aug 201903,86253.112.30$8,899
Jul 201903,25956.272.46$8,017
Jun 201903,68952.782.49$9,190
May 201903,18658.482.74$8,731
Apr 201903,79962.632.75$10,450
Mar 201904,28856.803.06$13,130
Feb 201904,22650.852.79$11,800
Jan 201906,55246.033.23$21,151
Dec 201803,12046.594.19$13,059
Nov 2018022252.934.24$941
Oct 2018070161.443.40$2,382
Sep 2018068459.543.11$2,126
Aug 2018070859.403.07$2,171
Jul 2018078965.142.93$2,313
Jun 201802,15760.183.08$6,637
May 201804,00265.382.90$11,609
Apr 201803,85563.842.90$11,183
Mar 201804,23361.222.79$11,797
Feb 201803,84461.782.77$10,633
Jan 201803,90962.874.01$15,672
Dec 201703,79957.272.92$11,099
Nov 201703,78555.423.12$11,803
Oct 201704,17249.292.98$12,448
Sep 201703,99647.523.09$12,337
Aug 201704,11745.373.00$12,369
Jul 201704,32443.873.09$13,349
Jun 201704,26442.493.09$13,164
May 201703,91845.373.26$12,786
Apr 201703,85547.933.21$12,381
Mar 20171793,98046.772.98$20,247
Feb 201703,88750.452.95$11,477
Jan 201704,55949.413.42$15,586
Dec 201604,34448.763.72$16,172
Nov 201604,39342.492.64$11,617
Oct 201604,36646.193.09$13,492
Sep 201604,15841.553.10$12,892
Aug 201604,32041.442.92$12,633
Jul 201604,98541.622.92$14,578
Jun 201603,75545.352.69$10,085
May 201604,74342.521.99$9,444
Apr 201604,85736.561.99$9,670
Mar 201603,76133.011.79$6,747
Feb 201604,12026.472.06$8,502
Jan 201604,96827.352.36$11,746
Dec 201504,73732.362.00$9,481
Nov 201505,57638.792.17$12,085
Oct 201504,45743.552.43$10,815
Sep 201545,11042.992.76$14,267
Aug 201505,43540.162.87$15,612
Jul 201505,30348.152.95$15,618
Jun 201505,17556.152.88$14,919
May 201505,46955.212.96$16,163
Apr 201505,19849.822.71$14,069
Mar 201505,28642.892.93$15,513
Feb 201504,69644.662.98$13,976
Jan 201505,36243.433.10$16,626
Dec 201405,34854.693.59$19,207
Nov 201405,44370.464.25$23,143
Oct 201405,20378.303.90$20,297
Sep 201405,32886.164.05$21,554
Aug 201405,46189.394.04$22,036
Jul 201405,57896.564.18$23,314
Jun 201405,54398.164.74$26,257
May 201406,16194.734.73$29,120
Apr 201406,35595.944.81$30,562
Mar 201403,91695.895.06$19,802
Feb 201405,46897.406.19$33,858
Jan 201406,10190.404.86$29,655
Dec 201306,29791.824.35$27,420
Nov 201305,91288.853.74$22,101
Oct 201306,52797.423.78$24,668
Sep 201306,383104.113.72$23,730
Aug 201306,902104.253.52$24,313
Jul 201307,283102.523.72$27,076
Jun 201308,00494.403.93$31,483
May 201307,44994.834.15$30,907
Apr 201302,01593.964.28$8,629
Mar 201304,80093.623.91$18,782
Feb 201305,13691.233.42$17,565
Jan 201307,17191.603.42$24,524
Dec 201206,06286.773.42$20,733
Nov 201206,15986.953.62$22,326
Oct 201209,52789.383.40$32,389
Sep 201202,57494.672.92$7,512
Aug 201207,40192.662.91$21,523
Jul 201207,01885.133.02$21,200
Jun 201207,43979.822.52$18,739
May 201207,18891.612.49$17,886
Apr 201207,202101.652.00$14,381
Mar 201207,383105.052.22$16,406
Feb 201207,688101.102.57$19,760
Jan 201207,96598.092.73$21,777
Dec 201108,77896.873.24$28,438
Nov 201107,12695.723.31$23,596
Oct 201107,84384.983.65$28,616
Sep 201108,98983.623.99$35,828
Aug 201104,65283.404.15$19,303
Jul 201104,88694.144.52$22,071
Jun 201108,43192.904.64$39,119
May 201108,99498.134.40$39,617
Apr 20111858,665105.964.33$57,150
Mar 201109,56696.364.06$38,813
Feb 201106,17685.644.18$25,816
Jan 201119,26986.504.59$42,620
Dec 201009,59285.734.35$41,704
Nov 201009,34780.843.80$35,475
Oct 201009,29178.103.51$32,601
Sep 2010010,00172.633.98$39,799
Aug 201009,87973.684.42$43,659
Jul 2010010,70572.554.74$50,704
Jun 2010010,90370.364.91$53,538
May 2010011,17671.124.24$47,333
Apr 201008,54381.694.12$35,220
Mar 2010011,40178.394.39$50,035
Feb 2010010,03173.585.44$54,592
Jan 2010011,84674.365.96$70,651
Dec 2009011,42271.445.48$62,635
Nov 2009012,21874.593.75$45,836
Oct 2009013,05872.544.11$53,672
Sep 2009012,88165.543.06$39,477
Aug 2009014,07267.423.22$45,291
Jul 2009015,61461.133.46$54,095
Jun 2009117,49566.163.90$68,209
May 2009014,19354.743.93$55,718
Apr 200914,85546.773.59$17,464
Mar 2009412,28042.144.06$50,013
Feb 200909,18632.814.63$42,559
Jan 2009152035.865.37$2,829
Dec 200806,21137.105.98$37,124
Nov 200816,91955.496.86$47,522
Oct 2008111,09775.246.92$76,888
Sep 2008310,693101.767.88$84,535
Aug 2008014,173114.228.48$120,230
Jul 200818516,972131.0811.39$217,551
Jun 2008217,153131.3313.03$223,811
May 2008519,257123.1711.57$223,502
Apr 2008420,577110.3110.45$215,571
Mar 2008424,340101.909.66$235,631
Feb 2008417,52692.538.77$154,083
Jan 2008217,51790.388.21$143,921
Dec 2007318,43088.337.30$134,840
Nov 2007219,04691.677.29$139,061
Oct 2007221,87082.856.92$151,549
Sep 2007121,30475.846.24$133,101
Aug 2007230,39369.066.39$194,287
Jul 20073037,11770.906.39$239,228
Jun 200776,08862.007.55$46,389

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                2,557 Mcf  × $  3.05 =     $7,788

────────────────────────────────────────────────────
Month total                                   $7,788

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/229680 is the state's own key, not one this site invented.