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 234858District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.3 M
Feb 2008 – May 2026
Value, last 12 filed months
$35 k
at the published price for each month
Months reported
220
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 Gas112008-07-23184448
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
CondensateDisposition57 bbl$5,292
GasProduction2,311,520 Mcf$13,259,884
Total$13,265,176

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 31.3846, -96.2546. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38464, -96.25457 · 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
15,070 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 15,070 ft.

Completions filed
Mar 2008
1 of 1 wells

1 well

42-28931662915,070 ftMar 2008

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 (220)

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

220 months

May 20260713106.413.05$2,172
Apr 2026080298.932.87$2,302
Mar 2026085989.753.15$2,705
Feb 2026075963.503.75$2,846
Jan 2026073559.138.00$5,878
Dec 2025075056.664.41$3,310
Nov 2025079758.593.93$3,129
Oct 2025071759.383.30$2,370
Sep 2025076062.743.08$2,338
Aug 2025073163.933.01$2,204
Jul 2025096666.743.32$3,202
Jun 2025093666.483.13$2,928
May 202501,39260.553.23$4,499
Apr 2025044062.363.54$1,559
Mar 2025016467.704.27$700
Feb 2025019770.884.34$855
Jan 2025028674.324.28$1,224
Dec 202409468.993.12$293
Nov 202404969.052.20$108
Oct 202401,15971.372.28$2,644
Sep 202404469.612.36$104
Aug 2024011075.632.06$227
Jul 2024083679.932.15$1,795
Jun 2024040478.082.63$1,064
May 202401,02078.812.20$2,242
Apr 202403,40884.451.66$5,655
Mar 2024054080.301.55$834
Feb 202401,02276.091.78$1,823
Jan 202403,43973.023.30$11,341
Dec 202303,07971.262.61$8,038
Nov 202301,72977.892.81$4,854
Oct 202302,86585.443.09$8,845
Sep 202303,65289.042.74$9,988
Aug 202301,69480.522.67$4,528
Jul 202301,67774.852.64$4,430
Jun 202302,71768.962.26$6,136
May 202303,12370.622.23$6,956
Apr 202301,97678.122.24$4,422
Mar 202301,56372.852.39$3,741
Feb 202301,96075.112.47$4,833
Jan 202302,65576.533.39$8,994
Dec 202202,74676.415.73$15,732
Nov 202202,88685.005.65$16,295
Oct 202203,12187.185.86$18,301
Sep 202203,24784.888.16$26,507
Aug 202204,09094.529.13$37,330
Jul 202202,980101.587.54$22,475
Jun 202203,254115.097.98$25,958
May 202201,923109.378.43$16,217
Apr 202202,156104.226.84$14,742
Mar 202201,965108.885.08$9,975
Feb 202201,80191.054.86$8,751
Jan 202202,04481.844.54$9,275
Dec 202102,17771.323.90$8,488
Nov 202102,76377.435.24$14,469
Oct 202103,47779.795.71$19,867
Sep 202103,37769.865.35$18,070
Aug 202103,84066.024.22$16,207
Jul 202104,04570.783.98$16,108
Jun 202103,07769.493.38$10,402
May 202103,43463.483.02$10,363
Apr 202103,85760.362.76$10,639
Mar 202103,72061.302.72$10,107
Feb 202101,64357.805.55$9,115
Jan 202102,89250.412.81$8,127
Dec 202002,13344.642.68$5,707
Nov 202003,07038.772.71$8,309
Oct 202003,33036.972.48$8,253
Sep 202003,26137.091.99$6,493
Aug 202003,54639.982.39$8,458
Jul 202003,74338.371.83$6,831
Jun 202003,15634.901.69$5,335
May 202003,55416.921.81$6,450
Apr 202002,70914.751.80$4,888
Mar 202004,12930.341.86$7,664
Feb 202003,96149.881.98$7,845
Jan 202003,50357.252.09$7,338
Dec 201904,17859.012.30$9,628
Nov 201904,37655.302.75$12,037
Oct 201904,77153.472.42$11,539
Sep 201901,21055.052.66$3,215
Aug 201902,58953.112.30$5,966
Jul 201903,49056.272.46$8,586
Jun 201903,45052.782.49$8,595
May 201904,12958.482.74$11,315
Apr 201903,23862.632.75$8,907
Mar 201905,38056.803.06$16,474
Feb 201904,59350.852.79$12,825
Jan 201905,30546.033.23$17,125
Dec 201805,39746.594.19$22,589
Nov 201805,28652.934.24$22,398
Oct 201805,25861.443.40$17,867
Sep 201804,20159.543.11$13,057
Aug 201805,88359.403.07$18,041
Jul 201807,00665.142.93$20,541
Jun 201806,98860.183.08$21,502
May 201807,39465.382.90$21,449
Apr 201806,48363.842.90$18,806
Mar 201807,06461.222.79$19,686
Feb 201805,31161.782.77$14,691
Jan 201803,81862.874.01$15,308
Dec 201704,92957.272.92$14,400
Nov 201705,45755.423.12$17,017
Oct 201705,43549.292.98$16,216
Sep 201706,27347.523.09$19,367
Aug 201707,77945.373.00$23,371
Jul 201708,11943.873.09$25,066
Jun 201706,37042.493.09$19,666
May 201708,10345.373.26$26,443
Apr 201708,28347.933.21$26,602
Mar 201708,78546.772.98$26,212
Feb 201706,69750.452.95$19,774
Jan 201709,36949.413.42$32,031
Dec 2016010,61148.763.72$39,503
Nov 2016011,05742.492.64$29,239
Oct 2016010,62146.193.09$32,822
Sep 201606,27141.553.10$19,444
Aug 2016088641.442.92$2,591
Jul 201605,85141.622.92$17,110
Jun 20160045.352.69$0
May 2016026442.521.99$526
Apr 201602,23436.561.99$4,448
Mar 201602,33933.011.79$4,196
Feb 201602,41526.472.06$4,984
Jan 201603,20027.352.36$7,566
Dec 201503,88632.362.00$7,777
Nov 201502,98138.792.17$6,461
Oct 201503,68243.552.43$8,935
Sep 201504,12642.992.76$11,381
Aug 201504,03740.162.87$11,596
Jul 201503,08348.152.95$9,080
Jun 201503,34356.152.88$9,637
May 201504,18055.212.96$12,354
Apr 201503,54549.822.71$9,595
Mar 201503,96642.892.93$11,639
Feb 201503,68644.662.98$10,970
Jan 201503,40243.433.10$10,548
Dec 201403,85054.693.59$13,827
Nov 201402,82670.464.25$12,016
Oct 201404,36978.303.90$17,043
Sep 201404,45586.164.05$18,022
Aug 201405,09289.394.04$20,547
Jul 201405,56796.564.18$23,268
Jun 201406,66598.164.74$31,571
May 201408,19494.734.73$38,729
Apr 201409,09895.944.81$43,753
Mar 201407,85495.895.06$39,716
Feb 201408,77697.406.19$54,341
Jan 201408,61490.404.86$41,870
Dec 201309,89091.824.35$43,066
Nov 201308,93288.853.74$33,390
Oct 2013010,35697.423.78$39,139
Sep 2013010,009104.113.72$37,211
Aug 201308,876104.253.52$31,267
Jul 2013010,458102.523.72$38,880
Jun 2013010,32094.403.93$40,593
May 2013012,59294.834.15$52,245
Apr 2013010,47493.964.28$44,856
Mar 201303,46393.623.91$13,550
Feb 201305,50291.233.42$18,816
Jan 201306,45491.603.42$22,072
Dec 201205,60286.773.42$19,160
Nov 201205,65086.953.62$20,481
Oct 201206,57289.383.40$22,343
Sep 201206,25994.672.92$18,266
Aug 201206,18092.662.91$17,972
Jul 201207,82385.133.02$23,632
Jun 2012012,76579.822.52$32,156
May 2012013,67891.612.49$34,035
Apr 2012012,514101.652.00$24,988
Mar 2012014,104105.052.22$31,340
Feb 201208,955101.102.57$23,017
Jan 2012017,74798.092.73$48,522
Dec 2011014,63796.873.24$47,420
Nov 2011016,50795.723.31$54,659
Oct 2011019,39584.983.65$70,763
Sep 2011021,50283.623.99$85,703
Aug 2011010,35283.404.15$42,954
Jul 201108,62494.144.52$38,957
Jun 2011010,18692.904.64$47,262
May 201109,90198.134.40$43,612
Apr 2011016,642105.964.33$72,114
Mar 2011021,50696.364.06$87,257
Feb 2011018,32785.644.18$76,606
Jan 2011021,41786.504.59$98,278
Dec 2010022,93785.734.35$99,724
Nov 2010026,51780.843.80$100,641
Oct 2010017,19178.103.51$60,321
Sep 2010010,97372.633.98$43,667
Aug 201009,97973.684.42$44,101
Jul 2010013,79072.554.74$65,316
Jun 2010021,94370.364.91$107,749
May 2010027,93271.124.24$118,298
Apr 2010028,47881.694.12$117,406
Mar 2010031,99978.394.39$140,433
Feb 2010130,60673.585.44$166,642
Jan 2010129,71974.365.96$177,321
Dec 2009025,91171.445.48$142,089
Nov 2009020,68474.593.75$77,596
Oct 2009020,77772.544.11$85,399
Sep 2009025,86065.543.06$79,254
Aug 2009024,73867.423.22$79,619
Jul 2009028,66361.133.46$99,303
Jun 2009029,80766.163.90$116,098
May 2009032,71754.743.93$128,439
Apr 2009232,76146.773.59$117,624
Mar 2009333,85342.144.06$137,536
Feb 2009131,55132.814.63$146,209
Jan 2009334,31035.865.37$184,387
Dec 2008029,38437.105.98$175,632
Nov 2008025,82855.496.86$177,189
Oct 2008053,81775.246.92$372,520
Sep 2008058,802101.767.88$463,189
Aug 2008068,270114.228.48$579,136
Jul 2008253,007131.0811.39$603,982
Jun 2008469,654131.3313.03$908,300
May 2008094,454123.1711.57$1,093,238
Apr 20085130,164110.3110.45$1,361,398
Mar 200822152,832101.909.66$1,479,221
Feb 2008136,58992.538.77$58,992

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                  713 Mcf  × $  3.05 =     $2,172

────────────────────────────────────────────────────
Month total                                   $2,172

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/234858 is the state's own key, not one this site invented.