MILSTEAD GAS UNIT

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the BALD PRAIRIE (CV CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 240492District 05Field 05189550Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.0 M
Jun 2008 – May 2026
Value, last 12 filed months
$105 k
at the published price for each month
Months reported
216
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 868 leases and 868 wells, and the rule below applies to all of them.

Discovered
2001-02-22
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 2011-03-08.

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: PER DOCKET 05-0268631 EFFECTIVE 03/08/2011, AMENDED RULE 2 TO

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 Gas112008-10-27186585
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
CondensateDisposition45 bbl$5,135
GasProduction1,776,881 Mcf$8,042,907
Total$8,048,042

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 31.1899, -96.4408. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.18988, -96.44082 · 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
13,550 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 13,550 ft.

Completions filed
Jun 2008
1 of 1 wells

1 well

42-39531289413,550 ftJun 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 (216)

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

216 months

May 202602,398106.413.05$7,304
Apr 202602,29198.932.87$6,575
Mar 202602,42289.753.15$7,628
Feb 202602,40363.503.75$9,012
Jan 202602,23759.138.00$17,891
Dec 202502,02356.664.41$8,928
Nov 202501,92058.593.93$7,539
Oct 202502,38159.383.30$7,869
Sep 202502,37062.743.08$7,292
Aug 202502,66863.933.01$8,043
Jul 202502,68766.743.32$8,908
Jun 202502,60366.483.13$8,144
May 202502,45660.553.23$7,939
Apr 202502,24062.363.54$7,937
Mar 202502,56867.704.27$10,961
Feb 202502,46670.884.34$10,705
Jan 202502,81074.324.28$12,023
Dec 202403,15368.993.12$9,842
Nov 202402,74469.052.20$6,033
Oct 202403,26371.372.28$7,444
Sep 202402,86469.612.36$6,772
Aug 202402,94975.632.06$6,086
Jul 202403,55579.932.15$7,631
Jun 202403,54578.082.63$9,337
May 202403,40078.812.20$7,475
Apr 202403,97484.451.66$6,594
Mar 202404,73080.301.55$7,308
Feb 202401,30176.091.78$2,321
Jan 202403,40373.023.30$11,222
Dec 202302,11171.262.61$5,511
Nov 202301,80577.892.81$5,068
Oct 202303,30285.443.09$10,194
Sep 202302,04089.042.74$5,579
Aug 202302,91680.522.67$7,794
Jul 202302,75274.852.64$7,270
Jun 202302,52368.962.26$5,698
May 202303,10870.622.23$6,923
Apr 202302,79478.122.24$6,252
Mar 202302,17472.852.39$5,203
Feb 202302,35075.112.47$5,794
Jan 202302,60976.533.39$8,839
Dec 202202,90976.415.73$16,666
Nov 202202,72985.005.65$15,408
Oct 202202,36087.185.86$13,838
Sep 202202,51684.888.16$20,540
Aug 202202,97694.529.13$27,162
Jul 202202,913101.587.54$21,970
Jun 202203,433115.097.98$27,386
May 202203,470109.378.43$29,263
Apr 202203,390104.226.84$23,179
Mar 202204,449108.885.08$22,585
Feb 202202,10491.054.86$10,223
Jan 202204,22981.844.54$19,190
Dec 202102,92771.323.90$11,413
Nov 202103,61877.435.24$18,947
Oct 202102,62979.795.71$15,022
Sep 202103,05769.865.35$16,358
Aug 202104,07666.024.22$17,203
Jul 202103,53470.783.98$14,073
Jun 202103,63069.493.38$12,272
May 202103,78863.483.02$11,431
Apr 202104,40660.362.76$12,154
Mar 202103,15361.302.72$8,567
Feb 202102,95057.805.55$16,366
Jan 202104,14450.412.81$11,646
Dec 202003,17544.642.68$8,495
Nov 202004,16138.772.71$11,262
Oct 202004,11136.972.48$10,189
Sep 202003,94937.091.99$7,863
Aug 202002,75839.982.39$6,578
Jul 202001,15038.371.83$2,099
Jun 202003,38834.901.69$5,727
May 202004,14116.921.81$7,515
Apr 202003,96114.751.80$7,147
Mar 202003,49430.341.86$6,486
Feb 202003,47549.881.98$6,883
Jan 202003,94557.252.09$8,264
Dec 201903,65959.012.30$8,432
Nov 201903,91355.302.75$10,763
Oct 201902,96853.472.42$7,178
Sep 201902,78355.052.66$7,395
Aug 201903,50853.112.30$8,084
Jul 201904,03656.272.46$9,929
Jun 201903,30952.782.49$8,243
May 201903,99358.482.74$10,942
Apr 201903,37862.632.75$9,292
Mar 201902,94256.803.06$9,009
Feb 201903,47950.852.79$9,714
Jan 201903,97946.033.23$12,845
Dec 201803,82946.594.19$16,026
Nov 201803,87352.934.24$16,411
Oct 201804,04561.443.40$13,745
Sep 201803,83759.543.11$11,925
Aug 201804,05459.403.07$12,432
Jul 201804,32465.142.93$12,677
Jun 201804,04760.183.08$12,452
May 201804,25265.382.90$12,334
Apr 201804,43063.842.90$12,851
Mar 201804,36761.222.79$12,170
Feb 201803,57561.782.77$9,889
Jan 201804,42662.874.01$17,745
Dec 201704,52157.272.92$13,208
Nov 201703,94755.423.12$12,308
Oct 201703,63149.292.98$10,834
Sep 201703,40547.523.09$10,512
Aug 201703,59045.373.00$10,786
Jul 201703,78143.873.09$11,673
Jun 201703,63242.493.09$11,213
May 201703,18145.373.26$10,381
Apr 201703,45147.933.21$11,083
Mar 201703,52646.772.98$10,520
Feb 201703,15450.452.95$9,313
Jan 201703,26449.413.42$11,159
Dec 201601,83448.763.72$6,828
Nov 2016087942.492.64$2,324
Oct 2016050846.193.09$1,570
Sep 2016030141.553.10$933
Aug 201602,07941.442.92$6,080
Jul 201605,20341.622.92$15,215
Jun 201608,01345.352.69$21,522
May 201608,02342.521.99$15,974
Apr 201608,07236.561.99$16,072
Mar 201608,44633.011.79$15,152
Feb 201607,48726.472.06$15,450
Jan 201608,29727.352.36$19,617
Dec 201508,10632.362.00$16,223
Nov 201507,15638.792.17$15,509
Oct 201507,90043.552.43$19,170
Sep 201518,06442.992.76$22,287
Aug 201507,65840.162.87$21,998
Jul 201506,72548.152.95$19,806
Jun 201506,87756.152.88$19,825
May 201507,54955.212.96$22,311
Apr 201507,25449.822.71$19,633
Mar 201504,82142.892.93$14,148
Feb 201505,80044.662.98$17,262
Jan 201505,69543.433.10$17,658
Dec 201406,58854.693.59$23,660
Nov 201406,41370.464.25$27,267
Oct 201407,35678.303.90$28,695
Sep 201407,22886.164.05$29,240
Aug 201407,68789.394.04$31,018
Jul 201408,17596.564.18$34,168
Jun 201406,59298.164.74$31,226
May 201407,17494.734.73$33,908
Apr 201406,56595.944.81$31,572
Mar 201407,61495.895.06$38,502
Feb 201407,59097.406.19$46,997
Jan 201409,55390.404.86$46,434
Dec 201305,57191.824.35$24,259
Nov 201308,98588.853.74$33,588
Oct 201308,82697.423.78$33,357
Sep 201306,748104.113.72$25,087
Aug 201307,898104.253.52$27,822
Jul 201309,541102.523.72$35,471
Jun 201308,91494.403.93$35,062
May 2013010,20594.834.15$42,341
Apr 201307,41593.964.28$31,755
Mar 201309,48393.623.91$37,106
Feb 201309,17391.233.42$31,371
Jan 201308,99691.603.42$30,766
Dec 201207,54486.773.42$25,802
Nov 201209,96586.953.62$36,123
Oct 201208,95689.383.40$30,448
Sep 201209,71094.672.92$28,338
Aug 2012010,39692.662.91$30,233
Jul 2012010,75285.133.02$32,480
Jun 2012010,59779.822.52$26,694
May 2012011,34691.612.49$28,232
Apr 2012011,088101.652.00$22,141
Mar 2012012,802105.052.22$28,447
Feb 201209,395101.102.57$24,147
Jan 2012011,30998.092.73$30,920
Dec 2011012,02896.873.24$38,968
Nov 2011010,54195.723.31$34,904
Oct 2011012,57484.983.65$45,877
Sep 2011012,46683.623.99$49,687
Aug 2011013,20883.404.15$54,804
Jul 2011013,24994.144.52$59,849
Jun 2011013,08992.904.64$60,731
May 2011013,66998.134.40$60,209
Apr 2011013,703105.964.33$59,379
Mar 2011014,69496.364.06$59,619
Feb 2011012,48985.644.18$52,204
Jan 2011015,42286.504.59$70,768
Dec 2010014,75685.734.35$64,155
Nov 2010015,61980.843.80$59,279
Oct 2010016,27878.103.51$57,118
Sep 2010015,96772.633.98$63,540
Aug 2010017,61973.684.42$77,865
Jul 2010017,85572.554.74$84,570
Jun 2010015,27870.364.91$75,021
May 2010020,13871.124.24$85,289
Apr 2010015,65881.694.12$64,553
Mar 2010019,77078.394.39$86,764
Feb 2010018,00273.585.44$97,973
Jan 2010021,07574.365.96$125,693
Dec 2009021,94471.445.48$120,335
Nov 2009022,09674.593.75$82,893
Oct 2009024,46372.544.11$100,549
Sep 2009024,28665.543.06$74,431
Aug 2009025,84267.423.22$83,172
Jul 2009027,03461.133.46$93,659
Jun 2009027,93366.163.90$108,799
May 2009031,33554.743.93$123,013
Apr 2009025,14846.773.59$90,218
Mar 2009027,57442.144.06$111,923
Feb 2009027,32632.814.63$126,601
Jan 2009730,47535.865.37$163,932
Dec 2008031,69637.105.98$189,451
Nov 2008034,77055.496.86$238,535
Oct 2008040,43775.246.92$279,904
Sep 2008028,505101.767.88$224,536
Aug 2008143,122114.228.48$365,919
Jul 2008556,652131.0811.39$645,889
Jun 20083138,704131.3313.03$508,486

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                2,398 Mcf  × $  3.05 =     $7,304

────────────────────────────────────────────────────
Month total                                   $7,304

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/240492 is the state's own key, not one this site invented.