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 247402District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$18.5 M
Jun 2008 – May 2026
Value, last 12 filed months
$40 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 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 Gas112009-06-12192371
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
CondensateDisposition200 bbl$19,703
GasProduction3,153,552 Mcf$18,470,675
Total$18,490,379

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 31.3817, -96.2460. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38167, -96.24601 · 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
17,075 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 17,075 ft.

Completions filed
Jun 2008
1 of 1 wells

1 well

42-289317051AH17,075 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 202601,018106.413.05$3,101
Apr 2026064698.932.87$1,854
Mar 202601,09689.753.15$3,452
Feb 2026084363.503.75$3,162
Jan 2026083559.138.00$6,678
Dec 2025081356.664.41$3,588
Nov 2025077158.593.93$3,027
Oct 2025092959.383.30$3,070
Sep 2025091062.743.08$2,800
Aug 202501,13063.933.01$3,407
Jul 2025094666.743.32$3,136
Jun 2025075666.483.13$2,365
May 2025087660.553.23$2,832
Apr 2025022662.363.54$801
Mar 2025079167.704.27$3,376
Feb 2025068370.884.34$2,965
Jan 2025062974.324.28$2,691
Dec 2024080568.993.12$2,513
Nov 202401,00369.052.20$2,205
Oct 2024074171.372.28$1,691
Sep 2024043169.612.36$1,019
Aug 202401,00375.632.06$2,070
Jul 2024071079.932.15$1,524
Jun 2024068778.082.63$1,810
May 2024071378.812.20$1,567
Apr 2024055084.451.66$913
Mar 2024074980.301.55$1,157
Feb 2024059176.091.78$1,054
Jan 2024046773.023.30$1,540
Dec 202301,65471.262.61$4,318
Nov 202302,99977.892.81$8,420
Oct 2023020785.443.09$639
Sep 2023061389.042.74$1,677
Aug 202302,64480.522.67$7,067
Jul 202302,38474.852.64$6,298
Jun 202301,67568.962.26$3,783
May 202302,63170.622.23$5,860
Apr 202302,97178.122.24$6,648
Mar 202302,96872.852.39$7,103
Feb 202302,62275.112.47$6,465
Jan 202302,07576.533.39$7,030
Dec 202202,81376.415.73$16,116
Nov 202202,41685.005.65$13,641
Oct 202202,22787.185.86$13,059
Sep 202203,44884.888.16$28,148
Aug 202202,51994.529.13$22,991
Jul 202203,711101.587.54$27,989
Jun 202202,903115.097.98$23,158
May 202204,153109.378.43$35,022
Apr 202204,702104.226.84$32,150
Mar 202203,918108.885.08$19,889
Feb 202204,58991.054.86$22,297
Jan 202203,64381.844.54$16,531
Dec 202104,94971.323.90$19,297
Nov 202105,70777.435.24$29,887
Oct 202104,03179.795.71$23,033
Sep 202102,13869.865.35$11,440
Aug 2021041966.024.22$1,768
Jul 2021046570.783.98$1,852
Jun 2021065669.493.38$2,218
May 2021044463.483.02$1,340
Apr 202104,90460.362.76$13,527
Mar 2021048861.302.72$1,326
Feb 2021041857.805.55$2,319
Jan 202102,85450.412.81$8,021
Dec 2020055344.642.68$1,480
Nov 2020064038.772.71$1,732
Oct 2020064336.972.48$1,594
Sep 202001,20537.091.99$2,399
Aug 2020052639.982.39$1,255
Jul 2020049938.371.83$911
Jun 202004,90434.901.69$8,289
May 202005,65616.921.81$10,264
Apr 202006,73514.751.80$12,153
Mar 202005,81530.341.86$10,794
Feb 2020012149.881.98$240
Jan 2020052057.252.09$1,089
Dec 2019048459.012.30$1,115
Nov 2019048655.302.75$1,337
Oct 2019053453.472.42$1,292
Sep 201902,72955.052.66$7,252
Aug 201903,09353.112.30$7,127
Jul 201903,30956.272.46$8,140
Jun 201902,73852.782.49$6,821
May 201901,46758.482.74$4,020
Apr 201901,54962.632.75$4,261
Mar 201901,42556.803.06$4,363
Feb 201902,18450.852.79$6,098
Jan 201901,02346.033.23$3,302
Dec 2018096346.594.19$4,031
Nov 201801,11952.934.24$4,741
Oct 2018089961.443.40$3,055
Sep 2018068559.543.11$2,129
Aug 2018062159.403.07$1,904
Jul 201801,14565.142.93$3,357
Jun 201804,02160.183.08$12,372
May 201804,30365.382.90$12,482
Apr 201804,36863.842.90$12,671
Mar 201802,44661.222.79$6,817
Feb 2018047761.782.77$1,319
Jan 201802,84062.874.01$11,386
Dec 201705,27157.272.92$15,399
Nov 201705,49055.423.12$17,120
Oct 201706,87449.292.98$20,510
Sep 201704,11347.523.09$12,698
Aug 201701,52645.373.00$4,585
Jul 201703,12843.873.09$9,657
Jun 201704,35442.493.09$13,442
May 201706,01645.373.26$19,633
Apr 201706,82447.933.21$21,916
Mar 201704,81746.772.98$14,372
Feb 201705,17850.452.95$15,289
Jan 201703,19349.413.42$10,916
Dec 201602,91748.763.72$10,860
Nov 201605,85742.492.64$15,488
Oct 201606,40946.193.09$19,805
Sep 201606,25041.553.10$19,379
Aug 201606,91941.442.92$20,234
Jul 201607,10941.622.92$20,789
Jun 20160045.352.69$0
May 201608,61542.521.99$17,153
Apr 201604,68136.561.99$9,320
Mar 201604,06733.011.79$7,296
Feb 201603,99626.472.06$8,246
Jan 201601,53627.352.36$3,632
Dec 201502,10832.362.00$4,219
Nov 201501,80838.792.17$3,919
Oct 201506,92143.552.43$16,794
Sep 201506,51342.992.76$17,966
Aug 201507,00040.162.87$20,107
Jul 201508,50548.152.95$25,048
Jun 201503,26356.152.88$9,407
May 201504,60955.212.96$13,622
Apr 201506,42849.822.71$17,398
Mar 201506,59442.892.93$19,351
Feb 201507,24944.662.98$21,574
Jan 201507,50743.433.10$23,276
Dec 201407,85154.693.59$28,196
Nov 201404,73570.464.25$20,132
Oct 201405,53878.303.90$21,604
Sep 201401,52386.164.05$6,161
Aug 201401,86189.394.04$7,509
Jul 201405,02196.564.18$20,986
Jun 201407,14098.164.74$33,821
May 201408,43894.734.73$39,883
Apr 201407,75695.944.81$37,300
Mar 201408,00795.895.06$40,490
Feb 201407,52797.406.19$46,607
Jan 201405,99790.404.86$29,150
Dec 2013010,52991.824.35$45,848
Nov 201305,56688.853.74$20,807
Oct 201308,32597.423.78$31,463
Sep 2013010,354104.113.72$38,493
Aug 2013011,176104.253.52$39,369
Jul 201306,291102.523.72$23,388
Jun 2013010,60294.403.93$41,702
May 201309,18694.834.15$38,113
Apr 2013010,91193.964.28$46,727
Mar 201309,23593.623.91$36,135
Feb 2013010,73491.233.42$36,709
Jan 2013010,73991.603.42$36,726
Dec 2012012,32786.773.42$42,160
Nov 2012010,99086.953.62$39,838
Oct 2012012,23289.383.40$41,585
Sep 2012012,01294.672.92$35,056
Aug 2012013,47792.662.91$39,193
Jul 2012013,76285.133.02$41,572
Jun 2012013,57879.822.52$34,204
May 2012014,12291.612.49$35,140
Apr 2012015,675101.652.00$31,300
Mar 2012015,418105.052.22$34,260
Feb 2012016,976101.102.57$43,632
Jan 2012016,42298.092.73$44,899
Dec 201117317,96196.873.24$74,947
Nov 2011018,55195.723.31$61,428
Oct 2011021,84184.983.65$79,688
Sep 2011022,02783.623.99$87,795
Aug 2011019,80683.404.15$82,181
Jul 2011026,53094.144.52$119,842
Jun 2011010,40292.904.64$48,264
May 2011025,93198.134.40$114,221
Apr 2011024,261105.964.33$105,130
Mar 2011029,73496.364.06$120,641
Feb 2011029,82785.644.18$124,676
Jan 2011030,94286.504.59$141,986
Dec 2010025,45485.734.35$110,668
Nov 2010030,91480.843.80$117,329
Oct 2010032,42978.103.51$113,790
Sep 2010032,96972.633.98$131,199
Aug 2010038,34073.684.42$169,438
Jul 2010039,57272.554.74$187,432
Jun 2010044,41870.364.91$218,110
May 2010051,61971.124.24$218,618
Apr 2010034,57481.694.12$142,538
Mar 2010061,03678.394.39$267,867
Feb 2010040,05573.585.44$217,994
Jan 2010124,58474.365.96$146,696
Dec 2009026,70771.445.48$146,455
Nov 2009036,90374.593.75$138,442
Oct 2009046,57372.544.11$191,427
Sep 2009038,28165.543.06$117,322
Aug 2009033,79867.423.22$108,779
Jul 2009051,74761.133.46$179,277
Jun 2009036,36266.163.90$141,630
May 2009057,36254.743.93$225,189
Apr 2009359,58946.773.59$213,916
Mar 2009068,64842.144.06$278,642
Feb 2009166,44232.814.63$307,859
Jan 2009280,26935.865.37$431,197
Dec 2008086,89337.105.98$519,372
Nov 2008093,09955.496.86$638,693
Oct 2008099,42675.246.92$688,225
Sep 20080117,188101.767.88$923,100
Aug 20080214,857114.228.48$1,822,636
Jul 20084311,848131.0811.39$3,552,295
Jun 200816169,074131.3313.03$2,205,580

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                1,018 Mcf  × $  3.05 =     $3,101

────────────────────────────────────────────────────
Month total                                   $3,101

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/247402 is the state's own key, not one this site invented.