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 230306District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.9 M
Feb 2006 – May 2026
Value, last 12 filed months
$74 k
at the published price for each month
Months reported
244
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 Gas112007-11-19171108
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
CondensateDisposition1,711 bbl$129,211
GasProduction1,099,817 Mcf$5,727,278
Total$5,856,489

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 31.4177, -96.2306. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.41773, -96.23062 · 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
14,700 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 14,700 ft.

Completions filed
Feb 2006
1 of 1 wells

1 well

42-161333291414,700 ftFeb 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 (244)

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

244 months

May 202601,636106.413.05$4,983
Apr 202611,61198.932.87$4,722
Mar 202611,59189.753.15$5,101
Feb 202601,40963.503.75$5,284
Jan 202601,54959.138.00$12,389
Dec 202521,74556.664.41$7,815
Nov 202501,56058.593.93$6,125
Oct 202511,47559.383.30$4,934
Sep 202511,51262.743.08$4,715
Aug 202511,86263.933.01$5,677
Jul 202502,11066.743.32$6,995
Jun 202501,83166.483.13$5,729
May 202501,89760.553.23$6,132
Apr 202511,81562.363.54$6,493
Mar 202511,89267.704.27$8,143
Feb 202501,81470.884.34$7,874
Jan 202502,10074.324.28$8,985
Dec 202411,60668.993.12$5,082
Nov 202401,88269.052.20$4,137
Oct 202411,94071.372.28$4,497
Sep 202401,87469.612.36$4,431
Aug 202401,81875.632.06$3,752
Jul 202401,86779.932.15$4,008
Jun 202411,72378.082.63$4,616
May 202411,82678.812.20$4,093
Apr 202402,07684.451.66$3,445
Mar 202411,69480.301.55$2,698
Feb 202412,13676.091.78$3,886
Jan 202404,43373.023.30$14,619
Dec 202304,09671.262.61$10,694
Nov 202303,93277.892.81$11,039
Oct 202304,04985.443.09$12,500
Sep 202304,02289.042.74$11,000
Aug 202303,96080.522.67$10,585
Jul 202303,97174.852.64$10,491
Jun 202303,97368.962.26$8,973
May 202303,53170.622.23$7,865
Apr 202302,45978.122.24$5,503
Mar 202302,11272.852.39$5,054
Feb 202301,56975.112.47$3,869
Jan 202301,81876.533.39$6,159
Dec 202201,92776.415.73$11,040
Nov 202201,96385.005.65$11,083
Oct 202201,98087.185.86$11,610
Sep 202201,94484.888.16$15,870
Aug 202201,99794.529.13$18,227
Jul 202202,020101.587.54$15,235
Jun 202201,928115.097.98$15,380
May 202201,958109.378.43$16,512
Apr 202202,028104.226.84$13,867
Mar 202201,943108.885.08$9,863
Feb 202201,80191.054.86$8,751
Jan 202202,04481.844.54$9,275
Dec 202102,01471.323.90$7,853
Nov 202101,95277.435.24$10,222
Oct 202101,99979.795.71$11,422
Sep 202101,95969.865.35$10,482
Aug 202101,63366.024.22$6,892
Jul 202101,98870.783.98$7,916
Jun 202102,60769.493.38$8,813
May 202103,30463.483.02$9,970
Apr 202102,35160.362.76$6,485
Mar 202102,21561.302.72$6,018
Feb 202101,67857.805.55$9,309
Jan 202101,97650.412.81$5,553
Dec 202002,13144.642.68$5,701
Nov 202001,88738.772.71$5,107
Oct 202002,12736.972.48$5,272
Sep 202002,11337.091.99$4,207
Aug 2020971,82339.982.39$8,226
Jul 202002,08338.371.83$3,802
Jun 202002,02934.901.69$3,430
May 202002,13016.921.81$3,865
Apr 202002,10414.751.80$3,796
Mar 202002,14430.341.86$3,980
Feb 202002,01349.881.98$3,987
Jan 202002,23657.252.09$4,684
Dec 201904,17859.012.30$9,628
Nov 201902,27355.302.75$6,252
Oct 201902,25853.472.42$5,461
Sep 201902,13655.052.66$5,676
Aug 201902,22953.112.30$5,136
Jul 201902,20656.272.46$5,427
Jun 201901,83052.782.49$4,559
May 201901,96158.482.74$5,374
Apr 201901,99362.632.75$5,482
Mar 201902,39356.803.06$7,328
Feb 201902,51550.852.79$7,022
Jan 201902,20546.033.23$7,118
Dec 201802,36146.594.19$9,882
Nov 201802,47752.934.24$10,496
Oct 201802,08861.443.40$7,095
Sep 201802,01359.543.11$6,256
Aug 201802,19859.403.07$6,740
Jul 201802,99765.142.93$8,787
Jun 201802,29160.183.08$7,049
May 201802,80565.382.90$8,137
Apr 201802,48363.842.90$7,203
Mar 201802,41761.222.79$6,736
Feb 201802,23961.782.77$6,193
Jan 201802,43762.874.01$9,771
Dec 201702,54657.272.92$7,438
Nov 201702,52055.423.12$7,858
Oct 201702,52349.292.98$7,528
Sep 201702,44347.523.09$7,542
Aug 201702,56045.373.00$7,691
Jul 201702,24943.873.09$6,943
Jun 201702,08642.493.09$6,440
May 201702,32245.373.26$7,578
Apr 201702,26447.933.21$7,271
Mar 201702,32746.772.98$6,943
Feb 201702,46750.452.95$7,284
Jan 201701,95349.413.42$6,677
Dec 201602,01848.763.72$7,513
Nov 201602,52742.492.64$6,682
Oct 201602,57346.193.09$7,951
Sep 201602,67741.553.10$8,300
Aug 201602,87241.442.92$8,399
Jul 201603,79241.622.92$11,089
Jun 20160045.352.69$0
May 201604,01442.521.99$7,992
Apr 201603,24336.561.99$6,457
Mar 201602,94433.011.79$5,282
Feb 201602,71126.472.06$5,595
Jan 201603,00227.352.36$7,098
Dec 201503,07532.362.00$6,154
Nov 201502,83638.792.17$6,147
Oct 201503,07443.552.43$7,459
Sep 201503,27842.992.76$9,042
Aug 201502,86540.162.87$8,230
Jul 201502,74448.152.95$8,081
Jun 201502,85756.152.88$8,236
May 201502,92855.212.96$8,654
Apr 20151802,93549.822.71$16,911
Mar 201503,07942.892.93$9,036
Feb 201502,83144.662.98$8,426
Jan 201503,26643.433.10$10,127
Dec 201403,23354.693.59$11,611
Nov 201403,15170.464.25$13,398
Oct 201403,25878.303.90$12,709
Sep 201402,88586.164.05$11,671
Aug 201402,75489.394.04$11,113
Jul 201403,18396.564.18$13,304
Jun 201403,15798.164.74$14,954
May 201403,15994.734.73$14,931
Apr 201402,78795.944.81$13,403
Mar 201403,05795.895.06$15,459
Feb 201402,88797.406.19$17,876
Jan 201403,38490.404.86$16,449
Dec 201303,45691.824.35$15,049
Nov 201303,07788.853.74$11,503
Oct 201303,01097.423.78$11,376
Sep 201303,216104.113.72$11,956
Aug 20131643,592104.253.52$29,750
Jul 201303,629102.523.72$13,492
Jun 201303,50594.403.93$13,787
May 201303,74494.834.15$15,534
Apr 201303,38693.964.28$14,501
Mar 201303,49193.623.91$13,660
Feb 201303,24691.233.42$11,101
Jan 201303,31191.603.42$11,323
Dec 201203,23186.773.42$11,051
Nov 201203,16286.953.62$11,462
Oct 201203,15989.383.40$10,740
Sep 201203,17394.672.92$9,260
Aug 201203,43892.662.91$9,998
Jul 201203,74885.133.02$11,322
Jun 201203,85679.822.52$9,713
May 201203,88591.612.49$9,667
Apr 201203,633101.652.00$7,254
Mar 201202,923105.052.22$6,495
Feb 20121933,305101.102.57$28,007
Jan 201203,83498.092.73$10,482
Dec 201103,73996.873.24$12,113
Nov 201104,17395.723.31$13,818
Oct 201103,88684.983.65$14,178
Sep 201103,87983.623.99$15,461
Aug 201102,41183.404.15$10,004
Jul 201103,30694.144.52$14,934
Jun 201104,12392.904.64$19,130
May 201103,99098.134.40$17,575
Apr 201103,748105.964.33$16,241
Mar 201104,59596.364.06$18,643
Feb 201105,26785.644.18$22,016
Jan 201105,62886.504.59$25,826
Dec 201005,24785.734.35$22,813
Nov 201005,55080.843.80$21,064
Oct 201005,23578.103.51$18,369
Sep 201004,92072.633.98$19,579
Aug 201005,06373.684.42$22,375
Jul 201005,24672.554.74$24,848
Jun 201005,12070.364.91$25,141
May 201005,44271.124.24$23,048
Apr 201005,22881.694.12$21,553
Mar 201015,65378.394.39$24,888
Feb 201035,06073.585.44$27,759
Jan 201025,76174.365.96$34,508
Dec 20091845,64171.445.48$44,079
Nov 200906,19474.593.75$23,237
Oct 200906,12772.544.11$25,184
Sep 200906,39065.543.06$19,584
Aug 200906,78567.423.22$21,838
Jul 200906,40461.133.46$22,187
Jun 200906,45466.163.90$25,138
May 200906,73454.743.93$26,436
Apr 200946,71346.773.59$24,270
Mar 200937,22742.144.06$29,461
Feb 200916,24032.814.63$28,943
Jan 200947,50535.865.37$40,453
Dec 200807,71937.105.98$46,138
Nov 200807,27455.496.86$49,902
Oct 200807,79775.246.92$53,971
Sep 20081737,739101.767.88$78,565
Aug 200817,980114.228.48$67,809
Jul 200818,565131.0811.39$97,682
Jun 200838,375131.3313.03$109,542
May 200808,126123.1711.57$94,053
Apr 200838,647110.3110.45$90,734
Mar 200828,994101.909.66$87,122
Feb 200848,74092.538.77$77,025
Jan 20081839,90590.388.21$97,817
Dec 2007210,03688.337.30$73,459
Nov 2007110,39591.677.29$75,889
Oct 2007010,88582.856.92$75,346
Sep 2007110,80575.846.24$67,544
Aug 2007011,95969.066.39$76,393
Jul 2007211,70070.906.39$74,881
Jun 200718112,05062.007.55$102,181
May 2007013,43058.747.85$105,376
Apr 2007113,57559.617.81$106,015
Mar 2007013,94456.927.30$101,819
Feb 200718413,91955.108.22$124,497
Jan 2007315,82950.306.73$106,630
Dec 2006316,59456.656.92$114,975
Nov 20061017,49254.207.62$133,787
Oct 2006620,00754.906.01$120,648
Sep 20061522,07560.085.04$112,097
Aug 2006727,65668.717.34$203,474
Jul 20061232,89169.376.34$209,452
Jun 2006317,75966.286.38$113,570
May 200608,11066.016.42$52,107
Apr 200628,74164.397.36$64,467
Mar 20061129,62556.707.08$210,455
Feb 20064619,70157.597.75$155,354

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                1,636 Mcf  × $  3.05 =     $4,983

────────────────────────────────────────────────────
Month total                                   $4,983

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/230306 is the state's own key, not one this site invented.