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 251249District 05Field 88576304Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.9 M
Nov 2008 – May 2026
Value, last 12 filed months
$85 k
at the published price for each month
Months reported
211
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 Gas112009-10-15195210
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
CondensateDisposition46 bbl$3,380
GasProduction1,050,334 Mcf$3,855,851
Total$3,859,231

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 31.6484, -96.2078. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.64835, -96.20780 · 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
12,580 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 12,580 ft.

Completions filed
Jul 2009
1 of 1 wells

1 well

42-16134273712,580 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 (211)

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

211 months

May 202601,171106.413.05$3,567
Apr 202601,89098.932.87$5,424
Mar 202602,61789.753.15$8,242
Feb 2026042963.503.75$1,609
Jan 202601,84559.138.00$14,756
Dec 202502,96856.664.41$13,099
Nov 202502,23658.593.93$8,780
Oct 202503,19959.383.30$10,572
Sep 2025022862.743.08$702
Aug 202501,25263.933.01$3,774
Jul 202503,17366.743.32$10,519
Jun 202501,31266.483.13$4,105
May 202503,01460.553.23$9,742
Apr 202502,16362.363.54$7,664
Mar 202512,25067.704.27$9,671
Feb 202502,18970.884.34$9,502
Jan 202532,35374.324.28$10,291
Dec 202432,72468.993.12$8,710
Nov 202401,95669.052.20$4,300
Oct 202422,46871.372.28$5,773
Sep 202412,44669.612.36$5,853
Aug 202421,84075.632.06$3,948
Jul 202422,37579.932.15$5,258
Jun 202421,63778.082.63$4,468
May 202422,53878.812.20$5,737
Apr 202432,43184.451.66$4,287
Mar 202402,73180.301.55$4,220
Feb 202402,25076.091.78$4,013
Jan 202472,91373.023.30$10,117
Dec 202302,51971.262.61$6,576
Nov 202307577.892.81$211
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 2023011168.962.26$251
May 202301,20870.622.23$2,691
Apr 202301,12478.122.24$2,515
Mar 202301,94672.852.39$4,657
Feb 2023089175.112.47$2,197
Jan 2023034176.533.39$1,155
Dec 202201,75576.415.73$10,055
Nov 2022098585.005.65$5,562
Oct 202202,23687.185.86$13,111
Sep 2022058484.888.16$4,768
Aug 2022091594.529.13$8,351
Jul 202201,386101.587.54$10,453
Jun 202202,017115.097.98$16,090
May 202201,255109.378.43$10,583
Apr 202201,338104.226.84$9,149
Mar 202201,872108.885.08$9,503
Feb 202201,95591.054.86$9,499
Jan 202201,29681.844.54$5,881
Dec 202102,85771.323.90$11,140
Nov 202102,39077.435.24$12,516
Oct 202101,48279.795.71$8,468
Sep 202101,80169.865.35$9,637
Aug 202102,63566.024.22$11,121
Jul 202103,74270.783.98$14,901
Jun 202101,60669.493.38$5,429
May 202104,18463.483.02$12,626
Apr 2021073460.362.76$2,025
Mar 202103,35961.302.72$9,126
Feb 202101,46057.805.55$8,100
Jan 202102,15250.412.81$6,048
Dec 202002,61344.642.68$6,991
Nov 202001,60038.772.71$4,331
Oct 202002,69436.972.48$6,677
Sep 202002,09937.091.99$4,179
Aug 202002,15539.982.39$5,140
Jul 202002,36938.371.83$4,324
Jun 202001,96534.901.69$3,321
May 202001,63916.921.81$2,974
Apr 202002,23314.751.80$4,029
Mar 202002,78930.341.86$5,177
Feb 202003,50649.881.98$6,944
Jan 202002,37657.252.09$4,977
Dec 201902,07559.012.30$4,782
Nov 201902,48155.302.75$6,824
Oct 201903,47053.472.42$8,392
Sep 201901,79355.052.66$4,765
Aug 201903,33753.112.30$7,690
Jul 201902,63656.272.46$6,485
Jun 201902,59052.782.49$6,452
May 201902,44558.482.74$6,700
Apr 201901,93862.632.75$5,331
Mar 201902,59656.803.06$7,949
Feb 201902,03850.852.79$5,691
Jan 201902,98346.033.23$9,630
Dec 201802,19846.594.19$9,200
Nov 201802,85152.934.24$12,080
Oct 201803,29261.443.40$11,186
Sep 201803,19659.543.11$9,933
Aug 201802,40859.403.07$7,384
Jul 201803,18265.142.93$9,329
Jun 201803,31960.183.08$10,212
May 201802,85765.382.90$8,288
Apr 201802,68763.842.90$7,794
Mar 201803,25661.222.79$9,074
Feb 201802,47461.782.77$6,843
Jan 201802,91362.874.01$11,679
Dec 201703,90057.272.92$11,394
Nov 201702,01055.423.12$6,268
Oct 201703,29249.292.98$9,822
Sep 201703,56747.523.09$11,012
Aug 201703,40145.373.00$10,218
Jul 201703,66543.873.09$11,315
Jun 201703,63142.493.09$11,210
May 201704,12345.373.26$13,455
Apr 201702,68647.933.21$8,626
Mar 201704,06346.772.98$12,123
Feb 201703,18850.452.95$9,413
Jan 201703,63749.413.42$12,434
Dec 201603,54848.763.72$13,209
Nov 201601,94442.492.64$5,141
Oct 201603,55146.193.09$10,974
Sep 201603,92141.553.10$12,158
Aug 201603,63341.442.92$10,624
Jul 201603,99041.622.92$11,668
Jun 201603,54045.352.69$9,508
May 201603,99742.521.99$7,958
Apr 201604,04836.561.99$8,060
Mar 201604,95633.011.79$8,891
Feb 201601,41826.472.06$2,926
Jan 201603,86027.352.36$9,126
Dec 201504,22132.362.00$8,448
Nov 201502,78138.792.17$6,027
Oct 201503,42543.552.43$8,311
Sep 201524,32842.992.76$12,024
Aug 201504,55640.162.87$13,087
Jul 201504,42948.152.95$13,044
Jun 201504,11956.152.88$11,875
May 201504,23655.212.96$12,519
Apr 201504,14449.822.71$11,216
Mar 201504,16542.892.93$12,223
Feb 201503,99944.662.98$11,902
Jan 201504,65943.433.10$14,446
Dec 201404,76254.693.59$17,102
Nov 201404,53270.464.25$19,269
Oct 201404,63878.303.90$18,093
Sep 201404,78686.164.05$19,361
Aug 201405,04489.394.04$20,353
Jul 201405,13896.564.18$21,475
Jun 201405,04198.164.74$23,879
May 201405,41094.734.73$25,571
Apr 201405,49395.944.81$26,417
Mar 201405,88995.895.06$29,780
Feb 201405,58897.406.19$34,601
Jan 201406,67090.404.86$32,421
Dec 201304,98091.824.35$21,685
Nov 201306,44188.853.74$24,078
Oct 201306,63397.423.78$25,068
Sep 201306,831104.113.72$25,396
Aug 201308,127104.253.52$28,628
Jul 201304,795102.523.72$17,827
Jun 201303,39294.403.93$13,342
May 201305,38794.834.15$22,351
Apr 201306,33993.964.28$27,147
Mar 201306,78293.623.91$26,537
Feb 201306,38791.233.42$21,843
Jan 201307,25091.603.42$24,794
Dec 201207,65586.773.42$26,181
Nov 201207,57786.953.62$27,466
Oct 201208,09589.383.40$27,520
Sep 201208,43094.672.92$24,602
Aug 201209,00692.662.91$26,191
Jul 201209,69885.133.02$29,296
Jun 201209,75279.822.52$24,566
May 2012010,67491.612.49$26,560
Apr 2012012,155101.652.00$24,271
Mar 2012014,495105.052.22$32,209
Feb 2012020,810101.102.57$53,487
Jan 201203,14698.092.73$8,601
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 201101,18783.404.15$4,925
Jul 2011010,78794.144.52$48,727
Jun 2011210,79092.904.64$50,250
May 2011011,74198.134.40$51,717
Apr 2011212,241105.964.33$53,256
Mar 2011012,55096.364.06$50,920
Feb 2011012,32885.644.18$51,531
Jan 2011014,31086.504.59$65,665
Dec 2010015,48285.734.35$67,312
Nov 2010015,56280.843.80$59,063
Oct 2010017,38378.103.51$60,995
Sep 2010116,78972.633.98$66,884
Aug 2010021,13673.684.42$93,408
Jul 2010013,53672.554.74$64,113
Jun 2010020,47670.364.91$100,545
May 2010015,39371.124.24$65,193
Apr 2010011,93281.694.12$49,192
Mar 201019,02678.394.39$39,691
Feb 2010125,89673.585.44$141,009
Jan 2010124,19874.365.96$144,393
Dec 200908,28771.445.48$45,444
Nov 2009020,70474.593.75$77,671
Oct 2009028,84372.544.11$118,552
Sep 2009229,89065.543.06$91,736
Aug 2009043,69567.423.22$140,632
Jul 2009625,85161.133.46$89,928
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

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                1,171 Mcf  × $  3.05 =     $3,567

────────────────────────────────────────────────────
Month total                                   $3,567

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/251249 is the state's own key, not one this site invented.