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 233476District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.2 M
Nov 2007 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
223
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 Gas112008-04-14182016
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
CondensateDisposition1,920 bbl$146,385
GasProduction1,326,936 Mcf$6,077,967
Total$6,224,352

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 31.3912, -96.2608. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.39120, -96.26077 · 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
13,150 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 13,150 ft.

Completions filed
Nov 2007
1 of 1 wells

1 well

42-289316863913,150 ftNov 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 (223)

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

223 months

May 2026055106.413.05$168
Apr 202608198.932.87$232
Mar 202605089.753.15$157
Feb 202605463.503.75$203
Jan 202605959.138.00$472
Dec 202509856.664.41$433
Nov 2025010358.593.93$404
Oct 202507859.383.30$258
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250966.483.13$28
May 20250760.553.23$23
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 202502774.324.28$116
Dec 20240568.993.12$16
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 202404169.612.36$97
Aug 202404975.632.06$101
Jul 202402479.932.15$52
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 202401684.451.66$27
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 202401473.023.30$46
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 202303385.443.09$102
Sep 202303289.042.74$88
Aug 202305280.522.67$139
Jul 2023010674.852.64$280
Jun 202305968.962.26$133
May 2023014770.622.23$327
Apr 2023013578.122.24$302
Mar 202308472.852.39$201
Feb 2023015475.112.47$380
Jan 2023014476.533.39$488
Dec 2022013976.415.73$796
Nov 202207785.005.65$435
Oct 2022013387.185.86$780
Sep 202208384.888.16$678
Aug 2022020894.529.13$1,898
Jul 2022078101.587.54$588
Jun 20220178115.097.98$1,420
May 20220198109.378.43$1,670
Apr 20220167104.226.84$1,142
Mar 20220205108.885.08$1,041
Feb 202208791.054.86$423
Jan 2022020081.844.54$908
Dec 2021019871.323.90$772
Nov 2021012577.435.24$655
Oct 202103279.795.71$183
Sep 2021010969.865.35$583
Aug 202109166.024.22$384
Jul 202109470.783.98$374
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 2021024360.362.76$670
Mar 2021028261.302.72$766
Feb 2021038057.805.55$2,108
Jan 2021026650.412.81$748
Dec 2020025944.642.68$693
Nov 2020020738.772.71$560
Oct 2020031936.972.48$791
Sep 2020041237.091.99$820
Aug 2020046739.982.39$1,114
Jul 2020069338.371.83$1,265
Jun 2020095534.901.69$1,614
May 2020088216.921.81$1,601
Apr 202017790514.751.80$4,244
Mar 202001,05530.341.86$1,958
Feb 2020085049.881.98$1,684
Jan 202001,44057.252.09$3,016
Dec 201902,43959.012.30$5,620
Nov 201901,95655.302.75$5,380
Oct 201901,52753.472.42$3,693
Sep 201901,63655.052.66$4,347
Aug 201901,86253.112.30$4,291
Jul 201903,04656.272.46$7,493
Jun 201901,14552.782.49$2,852
May 201901,26558.482.74$3,467
Apr 201901,45762.632.75$4,008
Mar 201901,72556.803.06$5,282
Feb 201901,72550.852.79$4,817
Jan 201901,98046.033.23$6,392
Dec 201801,81646.594.19$7,601
Nov 201805,36552.934.24$22,733
Oct 201802,66461.443.40$9,052
Sep 201803,18559.543.11$9,899
Aug 201803,52959.403.07$10,822
Jul 201803,56765.142.93$10,458
Jun 201803,49760.183.08$10,760
May 201803,55965.382.90$10,324
Apr 201803,45063.842.90$10,008
Mar 201803,68161.222.79$10,258
Feb 201803,68161.782.77$10,182
Jan 201802,82962.874.01$11,342
Dec 201703,51857.272.92$10,278
Nov 201703,68055.423.12$11,476
Oct 201703,93849.292.98$11,750
Sep 201703,94447.523.09$12,176
Aug 201704,05245.373.00$12,174
Jul 201704,20143.873.09$12,970
Jun 201703,92342.493.09$12,111
May 201704,44245.373.26$14,496
Apr 201703,73147.933.21$11,982
Mar 201704,22546.772.98$12,606
Feb 201703,49550.452.95$10,319
Jan 201704,30849.413.42$14,728
Dec 201604,19348.763.72$15,610
Nov 201604,16242.492.64$11,006
Oct 201604,43146.193.09$13,693
Sep 201604,50641.553.10$13,971
Aug 201604,72341.442.92$13,812
Jul 201604,73741.622.92$13,853
Jun 201601745.352.69$46
May 201604,33442.521.99$8,629
Apr 201603,98836.561.99$7,940
Mar 201604,79533.011.79$8,602
Feb 201604,48626.472.06$9,257
Jan 201604,90027.352.36$11,585
Dec 201506,21432.362.00$12,437
Nov 201502,11538.792.17$4,584
Oct 201502,52443.552.43$6,125
Sep 201503,07742.992.76$8,488
Aug 201503,27340.162.87$9,402
Jul 201503,43248.152.95$10,108
Jun 201504,13956.152.88$11,932
May 201504,11855.212.96$12,171
Apr 201504,30749.822.71$11,657
Mar 201504,47542.892.93$13,133
Feb 201504,37944.662.98$13,033
Jan 201504,22143.433.10$13,088
Dec 201404,75054.693.59$17,059
Nov 201404,59370.464.25$19,529
Oct 201405,07078.303.90$19,778
Sep 201405,01186.164.05$20,272
Aug 20141785,31489.394.04$37,354
Jul 201405,40996.564.18$22,607
Jun 201405,33098.164.74$25,248
May 201405,54594.734.73$26,209
Apr 201405,39895.944.81$25,960
Mar 201405,59595.895.06$28,293
Feb 201405,15597.406.19$31,920
Jan 201405,75290.404.86$27,959
Dec 201305,88491.824.35$25,622
Nov 201305,57488.853.74$20,837
Oct 201305,91497.423.78$22,351
Sep 201305,855104.113.72$21,767
Aug 201306,100104.253.52$21,488
Jul 201306,536102.523.72$24,299
Jun 201306,47694.403.93$25,473
May 201306,78794.834.15$28,160
Apr 201305,50893.964.28$23,589
Mar 201306,23293.623.91$24,385
Feb 201305,66291.233.42$19,364
Jan 2013020,65791.603.42$70,645
Dec 2012026,84586.773.42$91,814
Nov 2012025,77086.953.62$93,415
Oct 201217326,74389.383.40$106,380
Sep 2012025,80194.672.92$75,298
Aug 2012026,94892.662.91$78,369
Jul 2012026,83585.133.02$81,063
Jun 2012026,79179.822.52$67,488
May 2012026,69391.612.49$66,421
Apr 2012028,506101.652.00$56,921
Mar 201208,378105.052.22$18,617
Feb 2012013,376101.102.57$34,380
Jan 2012024,88298.092.73$68,029
Dec 2011026,36096.873.24$85,400
Nov 2011020,94695.723.31$69,358
Oct 2011016,00284.983.65$58,384
Sep 2011022,13583.623.99$88,226
Aug 2011012,44483.404.15$51,634
Jul 2011018,90094.144.52$85,376
Jun 20111797,26792.904.64$50,347
May 201107,65798.134.40$33,728
Apr 201107,529105.964.33$32,625
Mar 201108,47296.364.06$34,374
Feb 201107,07685.644.18$29,578
Jan 201107,86686.504.59$36,095
Dec 201008,76885.734.35$38,121
Nov 201008,34380.843.80$31,664
Oct 20101859,24278.103.51$46,878
Sep 2010010,08972.633.98$40,149
Aug 2010010,36873.684.42$45,820
Jul 201009,19572.554.74$43,552
Jun 201009,09870.364.91$44,675
May 201009,41271.124.24$39,862
Apr 201008,69481.694.12$35,843
Mar 201039,58978.394.39$42,318
Feb 201018,90873.585.44$48,554
Jan 201029,45174.365.96$56,515
Dec 200916410,35771.445.48$68,511
Nov 2009010,15474.593.75$38,093
Oct 2009010,90772.544.11$44,831
Sep 2009010,97465.543.06$33,633
Aug 200918511,86467.423.22$50,657
Jul 2009111,18661.133.46$38,815
Jun 2009011,59066.163.90$45,143
May 2009011,53154.743.93$45,268
Apr 20091212,68246.773.59$46,058
Mar 20091413,44342.144.06$55,155
Feb 200919012,70332.814.63$65,087
Jan 20091014,36635.865.37$77,518
Dec 2008014,56437.105.98$87,051
Nov 2008515,13755.496.86$104,123
Oct 2008515,77475.246.92$109,564
Sep 2008116,703101.767.88$131,673
Aug 2008115,368114.228.48$130,481
Jul 200818616,997131.0811.39$217,967
Jun 20081016,937131.3313.03$222,047
May 2008620,027123.1711.57$232,537
Apr 20081521,513110.3110.45$226,570
Mar 20082523,711101.909.66$231,692
Feb 20082523,43692.538.77$207,861
Jan 20086432,96990.388.21$276,319
Dec 20075219,20688.337.30$144,835
Nov 2007512,02991.677.29$19,470

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                   55 Mcf  × $  3.05 =       $168

────────────────────────────────────────────────────
Month total                                     $168

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/233476 is the state's own key, not one this site invented.