PICKETT NO. 1 GAS UNIT

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

Gas lease lease 251248District 05Field 88576304Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.2 M
Oct 2008 – May 2026
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
212
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 1,075 leases and 1,075 wells, and the rule below applies to all of them.

Discovered
2006-06-06
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 2011-10-11.

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: REGULATORY PURPOSES.IT IS ORDERED THAT THE FIELD REMAIN SUSPENDED.

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 Gas112009-10-15195209
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
CondensateDisposition8 bbl$611
GasProduction583,136 Mcf$2,201,492
Total$2,202,103

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 31.6515, -96.2064. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.65148, -96.20635 · 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
12,539 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 12,539 ft.

Completions filed
Jul 2009
1 of 1 wells

1 well

42-16134277812,539 ftJul 2009

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 (212)

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

212 months

May 20260325106.413.05$990
Apr 2026026898.932.87$769
Mar 2026017589.753.15$551
Feb 2026023563.503.75$881
Jan 2026030659.138.00$2,447
Dec 2025022556.664.41$993
Nov 2025028958.593.93$1,135
Oct 2025034559.383.30$1,140
Sep 2025022762.743.08$698
Aug 2025031263.933.01$941
Jul 2025024866.743.32$822
Jun 2025026966.483.13$842
May 2025026260.553.23$847
Apr 2025017862.363.54$631
Mar 2025025867.704.27$1,101
Feb 2025021470.884.34$929
Jan 2025037874.324.28$1,617
Dec 2024022968.993.12$715
Nov 2024021469.052.20$470
Oct 2024023571.372.28$536
Sep 2024017969.612.36$423
Aug 2024029075.632.06$598
Jul 2024020579.932.15$440
Jun 2024016778.082.63$440
May 2024025378.812.20$556
Apr 2024013784.451.66$227
Mar 2024033180.301.55$511
Feb 2024030176.091.78$537
Jan 2024046673.023.30$1,537
Dec 202301,87271.262.61$4,887
Nov 202301,61377.892.81$4,529
Oct 2023089685.443.09$2,766
Sep 202301,03989.042.74$2,842
Aug 2023024480.522.67$652
Jul 2023021474.852.64$565
Jun 202302568.962.26$56
May 2023026770.622.23$595
Apr 2023069878.122.24$1,562
Mar 2023089072.852.39$2,130
Feb 202301,05075.112.47$2,589
Jan 202301,23076.533.39$4,167
Dec 202201,15976.415.73$6,640
Nov 2022051785.005.65$2,919
Oct 2022075187.185.86$4,404
Sep 20220084.888.16$0
Aug 2022013494.529.13$1,223
Jul 20220109101.587.54$822
Jun 2022055115.097.98$439
May 20220117109.378.43$987
Apr 20220368104.226.84$2,516
Mar 20220800108.885.08$4,061
Feb 2022096991.054.86$4,708
Jan 2022074881.844.54$3,394
Dec 2021034771.323.90$1,353
Nov 2021061377.435.24$3,210
Oct 202105779.795.71$326
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 202102069.493.38$68
May 202104263.483.02$127
Apr 202107360.362.76$201
Mar 2021023361.302.72$633
Feb 2021026257.805.55$1,454
Jan 2021033750.412.81$947
Dec 2020048144.642.68$1,287
Nov 2020059538.772.71$1,610
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 2020022638.371.83$412
Jun 2020040734.901.69$688
May 2020055316.921.81$1,004
Apr 2020066014.751.80$1,191
Mar 2020064530.341.86$1,197
Feb 202001,29549.881.98$2,565
Jan 202001,17757.252.09$2,466
Dec 201901,52259.012.30$3,507
Nov 201901,50855.302.75$4,148
Oct 201901,19153.472.42$2,880
Sep 201901,88855.052.66$5,017
Aug 201901,09553.112.30$2,523
Jul 201901,56656.272.46$3,852
Jun 201901,48452.782.49$3,697
May 201901,94458.482.74$5,327
Apr 201901,95062.632.75$5,364
Mar 201901,92956.803.06$5,907
Feb 201901,55550.852.79$4,342
Jan 201904,36946.033.23$14,104
Dec 201803,04146.594.19$12,728
Nov 2018047852.934.24$2,025
Oct 2018059261.443.40$2,012
Sep 2018091459.543.11$2,841
Aug 201801,80959.403.07$5,547
Jul 2018055365.142.93$1,621
Jun 201801,61460.183.08$4,966
May 201802,44865.382.90$7,101
Apr 2018034663.842.90$1,004
Mar 2018043861.222.79$1,221
Feb 2018048061.782.77$1,328
Jan 2018057162.874.01$2,289
Dec 2017072757.272.92$2,124
Nov 2017093955.423.12$2,928
Oct 201702,53449.292.98$7,561
Sep 201703,04547.523.09$9,401
Aug 2017050345.373.00$1,511
Jul 2017078443.873.09$2,420
Jun 2017048842.493.09$1,507
May 201701,14345.373.26$3,730
Apr 201701,93047.933.21$6,198
Mar 201702,43246.772.98$7,256
Feb 2017058350.452.95$1,721
Jan 2017045749.413.42$1,562
Dec 201602,47048.763.72$9,195
Nov 201601,55342.492.64$4,107
Oct 201601,23946.193.09$3,829
Sep 2016099241.553.10$3,076
Aug 201601,54841.442.92$4,527
Jul 201602,49541.622.92$7,296
Jun 201601,33245.352.69$3,578
May 201601,27842.521.99$2,545
Apr 2016089136.561.99$1,774
Mar 201601,31233.011.79$2,354
Feb 201601,45426.472.06$3,001
Jan 201602,06727.352.36$4,887
Dec 201501,54332.362.00$3,088
Nov 201501,54738.792.17$3,353
Oct 201501,86543.552.43$4,526
Sep 201512,48142.992.76$6,887
Aug 201502,41840.162.87$6,946
Jul 201502,05048.152.95$6,037
Jun 201502,69756.152.88$7,775
May 201502,15655.212.96$6,372
Apr 201502,28249.822.71$6,176
Mar 201502,63642.892.93$7,736
Feb 201502,13144.662.98$6,342
Jan 201502,69543.433.10$8,356
Dec 201402,52054.693.59$9,050
Nov 201402,86570.464.25$12,182
Oct 201402,50278.303.90$9,760
Sep 201402,92386.164.05$11,825
Aug 201403,05389.394.04$12,319
Jul 201403,38996.564.18$14,165
Jun 201403,21198.164.74$15,210
May 201402,96794.734.73$14,024
Apr 201403,01495.944.81$14,495
Mar 201403,26095.895.06$16,485
Feb 201403,31297.406.19$20,508
Jan 201403,27490.404.86$15,914
Dec 201302,79991.824.35$12,188
Nov 201303,54888.853.74$13,263
Oct 201303,67097.423.78$13,870
Sep 201304,248104.113.72$15,793
Aug 201303,840104.253.52$13,527
Jul 201303,718102.523.72$13,823
Jun 201303,88994.403.93$15,297
May 201303,36494.834.15$13,958
Apr 201303,62893.964.28$15,537
Mar 201303,94193.623.91$15,421
Feb 201303,91491.233.42$13,386
Jan 201304,02791.603.42$13,772
Dec 201203,60986.773.42$12,343
Nov 201204,21786.953.62$15,286
Oct 201205,08789.383.40$17,294
Sep 201207,49494.672.92$21,870
Aug 201202,51192.662.91$7,302
Jul 201205485.133.02$163
Jun 201204,22279.822.52$10,635
May 201204,52291.612.49$11,252
Apr 201204,206101.652.00$8,399
Mar 201205,220105.052.22$11,599
Feb 201204,432101.102.57$11,391
Jan 201205,37998.092.73$14,707
Dec 201105,55796.873.24$18,003
Nov 201105,45795.723.31$18,070
Oct 201105,73484.983.65$20,921
Sep 201105,96883.623.99$23,787
Aug 201106,38383.404.15$26,485
Jul 201106,18094.144.52$27,917
Jun 201116,35592.904.64$29,579
May 201116,87598.134.40$30,381
Apr 201106,948105.964.33$30,108
Mar 201107,18296.364.06$29,140
Feb 201106,56285.644.18$27,429
Jan 201108,04286.504.59$36,903
Dec 201008,54985.734.35$37,169
Nov 201008,64680.843.80$32,814
Oct 201009,35978.103.51$32,840
Sep 201009,56772.633.98$38,072
Aug 2010010,56473.684.42$46,686
Jul 2010010,44872.554.74$49,487
Jun 201008,08970.364.91$39,720
May 2010010,01271.124.24$42,403
Apr 2010010,18981.694.12$42,006
Mar 2010211,44078.394.39$50,363
Feb 2010011,30673.585.44$61,531
Jan 2010213,78674.365.96$82,370
Dec 2009114,65171.445.48$80,414
Nov 2009016,88474.593.75$63,340
Oct 2009022,04472.544.11$90,606
Sep 2009022,50865.543.06$68,981
Aug 2009015,51367.423.22$49,929
Jul 2009033,21861.133.46$115,084
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0

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                  325 Mcf  × $  3.05 =       $990

────────────────────────────────────────────────────
Month total                                     $990

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/251248 is the state's own key, not one this site invented.