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 232370District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.4 M
Oct 2007 – May 2026
Value, last 12 filed months
$252 k
at the published price for each month
Months reported
224
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 Gas112008-07-16184113
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
CondensateDisposition1,685 bbl$147,619
GasProduction2,063,087 Mcf$10,270,625
Total$10,418,244

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 31.4783, -96.2805. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47829, -96.28051 · 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
13,560 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 13,560 ft.

Completions filed
Oct 2007
1 of 1 wells

1 well

42-293318941013,560 ftOct 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 (224)

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

224 months

May 202606,294106.413.05$19,171
Apr 202606,06798.932.87$17,411
Mar 202606,52389.753.15$20,544
Feb 202605,19063.503.75$19,464
Jan 202605,05959.138.00$40,461
Dec 202505,55656.664.41$24,521
Nov 202505,47058.593.93$21,478
Oct 202505,78959.383.30$19,132
Sep 202505,23262.743.08$16,098
Aug 202505,62763.933.01$16,964
Jul 202505,75966.743.32$19,092
Jun 202505,64466.483.13$17,659
May 202505,83660.553.23$18,864
Apr 202505,83162.363.54$20,660
Mar 202505,40867.704.27$23,083
Feb 202505,03970.884.34$21,873
Jan 202505,78574.324.28$24,752
Dec 202405,72568.993.12$17,870
Nov 202404,87569.052.20$10,717
Oct 202405,69271.372.28$12,986
Sep 202405,01369.612.36$11,853
Aug 202406,09275.632.06$12,572
Jul 202405,44579.932.15$11,688
Jun 202405,20478.082.63$13,707
May 202414,52778.812.20$10,031
Apr 202415,55684.451.66$9,303
Mar 202404,97880.301.55$7,692
Feb 202403,85876.091.78$6,881
Jan 202403,64373.023.30$12,013
Dec 202304,02371.262.61$10,503
Nov 2023099177.892.81$2,782
Oct 202303,99685.443.09$12,337
Sep 202304,62889.042.74$12,658
Aug 202305,07680.522.67$13,568
Jul 202303,44174.852.64$9,090
Jun 202303,91768.962.26$8,846
May 202304,04870.622.23$9,017
Apr 202303,94478.122.24$8,826
Mar 202304,00772.852.39$9,589
Feb 202303,08875.112.47$7,614
Jan 202303,47576.533.39$11,772
Dec 202203,56976.415.73$20,447
Nov 202203,29785.005.65$18,616
Oct 202204,29187.185.86$25,161
Sep 202203,72584.888.16$30,410
Aug 202204,31194.529.13$39,347
Jul 202205,038101.587.54$37,997
Jun 202204,373115.097.98$34,884
May 202204,308109.378.43$36,330
Apr 202204,451104.226.84$30,434
Mar 202204,120108.885.08$20,915
Feb 202203,81391.054.86$18,527
Jan 20221954,36581.844.54$35,766
Dec 202101,87971.323.90$7,326
Nov 202103,73377.435.24$19,549
Oct 202105,42479.795.71$30,992
Sep 202104,88469.865.35$26,134
Aug 202105,36466.024.22$22,639
Jul 202105,48970.783.98$21,858
Jun 202105,15169.493.38$17,414
May 202105,46663.483.02$16,495
Apr 202103,80360.362.76$10,490
Mar 202104,09761.302.72$11,131
Feb 202107,47957.805.55$41,493
Jan 202108,94150.412.81$25,127
Dec 202008,56544.642.68$22,915
Nov 202007,11338.772.71$19,252
Oct 202009,10036.972.48$22,554
Sep 202008,46737.091.99$16,858
Aug 202009,88539.982.39$23,577
Jul 202008,71438.371.83$15,904
Jun 202009,16334.901.69$15,488
May 202005,43216.921.81$9,858
Apr 202003,58614.751.80$6,471
Mar 202005,93830.341.86$11,022
Feb 202005,35449.881.98$10,605
Jan 202004,72457.252.09$9,896
Dec 201905,02059.012.30$11,568
Nov 201904,68355.302.75$12,882
Oct 201904,82153.472.42$11,660
Sep 201905,10855.052.66$13,573
Aug 201905,03553.112.30$11,602
Jul 201909,39056.272.46$23,100
Jun 201909,28452.782.49$23,128
May 201909,56558.482.74$26,211
Apr 201907,66962.632.75$21,095
Mar 201905,68256.803.06$17,399
Feb 201904,34150.852.79$12,121
Jan 201905,90746.033.23$19,069
Dec 201806,09946.594.19$25,527
Nov 201806,31052.934.24$26,737
Oct 201807,25161.443.40$24,639
Sep 201807,36559.543.11$22,890
Aug 201808,21859.403.07$25,201
Jul 201807565.142.93$220
Jun 201804,53160.183.08$13,942
May 201801,70265.382.90$4,937
Apr 201805,99163.842.90$17,379
Mar 201802,02961.222.79$5,655
Feb 201807,36861.782.77$20,381
Jan 201802,05262.874.01$8,227
Dec 201705,77557.272.92$16,872
Nov 201701,61755.423.12$5,042
Oct 201705,73949.292.98$17,123
Sep 201703,57447.523.09$11,034
Aug 201707,03245.373.00$21,127
Jul 201702,57143.873.09$7,937
Jun 201704,14842.493.09$12,806
May 201704,68245.373.26$15,279
Apr 201705,32847.933.21$17,111
Mar 201704,83346.772.98$14,420
Feb 201703,68950.452.95$10,892
Jan 201703,98649.413.42$13,627
Dec 201603,84548.763.72$14,314
Nov 201604,39742.492.64$11,627
Oct 201605,13346.193.09$15,862
Sep 201602,06941.553.10$6,415
Aug 201605,32941.442.92$15,584
Jul 201602,13641.622.92$6,246
Jun 201605,24045.352.69$14,074
May 201605,49642.521.99$10,943
Apr 201603,86236.561.99$7,689
Mar 201607,05633.011.79$12,659
Feb 201603,31326.472.06$6,837
Jan 201604,47527.352.36$10,581
Dec 201507,59032.362.00$15,191
Nov 201503,38838.792.17$7,343
Oct 201507,43843.552.43$18,049
Sep 2015103,94542.992.76$11,312
Aug 201506,85240.162.87$19,682
Jul 201503,71048.152.95$10,926
Jun 201506,52656.152.88$18,814
May 201504,18155.212.96$12,357
Apr 201507,09849.822.71$19,211
Mar 201504,06742.892.93$11,935
Feb 201506,50044.662.98$19,345
Jan 201505,49943.433.10$17,050
Dec 201403,75854.693.59$13,496
Nov 201407,58070.464.25$32,229
Oct 201409,67978.303.90$37,757
Sep 201404,32886.164.05$17,509
Aug 201406,33689.394.04$25,567
Jul 2014011,56696.564.18$48,341
Jun 201405,90398.164.74$27,962
May 201404,93894.734.73$23,340
Apr 201408,61195.944.81$41,411
Mar 201406,54595.895.06$33,097
Feb 201404,15697.406.19$25,734
Jan 201407,06890.404.86$34,356
Dec 201305,03191.824.35$21,907
Nov 201306,99588.853.74$26,149
Oct 201307,84897.423.78$29,660
Sep 20131687,670104.113.72$46,006
Aug 201305,572104.253.52$19,628
Jul 201306,594102.523.72$24,515
Jun 201307,38394.403.93$29,040
May 201308,71694.834.15$36,163
Apr 201308,47093.964.28$36,274
Mar 201308,65093.623.91$33,846
Feb 2013010,41591.233.42$35,618
Jan 201309,92391.603.42$33,936
Dec 201207,16886.773.42$24,516
Nov 201208,72086.953.62$31,610
Oct 201208,77589.383.40$29,832
Sep 201206,14294.672.92$17,925
Aug 201208,02592.662.91$23,338
Jul 201209,90685.133.02$29,924
Jun 201209,33979.822.52$23,525
May 2012011,08191.612.49$27,573
Apr 2012010,894101.652.00$21,753
Mar 2012011,394105.052.22$25,318
Feb 201209,616101.102.57$24,715
Jan 2012011,30998.092.73$30,920
Dec 2011011,40596.873.24$36,949
Nov 2011011,98995.723.31$39,699
Oct 2011012,48984.983.65$45,567
Sep 2011010,75883.623.99$42,879
Aug 2011011,85783.404.15$49,198
Jul 2011011,95894.144.52$54,017
Jun 2011213,43792.904.64$62,532
May 2011015,35898.134.40$67,649
Apr 2011013,068105.964.33$56,627
Mar 2011113,57296.364.06$55,163
Feb 201108,36485.644.18$34,961
Jan 2011013,37586.504.59$61,375
Dec 2010010,13985.734.35$44,082
Nov 2010010,17380.843.80$38,610
Oct 201018112,78378.103.51$58,990
Sep 2010011,44872.633.98$45,557
Aug 2010014,21473.684.42$62,817
Jul 2010014,12172.554.74$66,884
Jun 2010011,54470.364.91$56,686
May 2010014,80771.124.24$62,711
Apr 2010013,29981.694.12$54,828
Mar 2010015,04878.394.39$66,041
Feb 2010013,89373.585.44$75,611
Jan 201014915,93474.365.96$106,111
Dec 2009016,47471.445.48$90,339
Nov 2009016,14374.593.75$60,560
Oct 2009018,28972.544.11$75,172
Sep 2009012,31265.543.06$37,733
Aug 2009017,54167.423.22$56,456
Jul 2009116,62861.133.46$57,669
Jun 2009019,92766.163.90$77,616
May 2009020,13954.743.93$79,061
Apr 200920119,13346.773.59$78,040
Mar 20091123,74142.144.06$96,828
Feb 2009921,46432.814.63$99,738
Jan 20091025,31135.865.37$136,304
Dec 2008026,95537.105.98$161,114
Nov 2008627,04955.496.86$185,899
Oct 2008730,49875.246.92$211,633
Sep 200817932,476101.767.88$274,031
Aug 2008437,291114.228.48$316,797
Jul 2008938,661131.0811.39$441,506
Jun 20082447,881131.3313.03$627,167
May 200820227,116123.1711.57$338,729
Apr 2008528,693110.3110.45$300,533
Mar 20081133,876101.909.66$328,501
Feb 200818630,74792.538.77$286,880
Jan 20081240,19290.388.21$330,889
Dec 20072157,77888.337.30$423,748
Nov 20074465,54691.677.29$481,975
Oct 20073513,71182.856.92$97,807

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                6,294 Mcf  × $  3.05 =    $19,171

────────────────────────────────────────────────────
Month total                                  $19,171

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/232370 is the state's own key, not one this site invented.