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 252881District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.3 M
Aug 2009 – May 2026
Value, last 12 filed months
$52 k
at the published price for each month
Months reported
202
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 Gas112009-12-15195975
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
CondensateDisposition79 bbl$4,610
GasProduction1,368,071 Mcf$5,252,056
Total$5,256,667

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 31.3798, -96.2444. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.37977, -96.24442 · 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
15,570 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 15,570 ft.

Completions filed
Aug 2009
1 of 1 wells

1 well

42-289317964115,570 ftAug 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 (202)

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

202 months

May 202601,076106.413.05$3,277
Apr 202601,12898.932.87$3,237
Mar 202601,12289.753.15$3,534
Feb 202601,05263.503.75$3,945
Jan 202601,25159.138.00$10,005
Dec 202501,16756.664.41$5,150
Nov 202501,12858.593.93$4,429
Oct 202501,19859.383.30$3,959
Sep 202501,07362.743.08$3,302
Aug 202501,31163.933.01$3,952
Jul 202501,18266.743.32$3,919
Jun 202501,14966.483.13$3,595
May 202501,16860.553.23$3,775
Apr 202501,12462.363.54$3,982
Mar 202501,17267.704.27$5,002
Feb 202501,07970.884.34$4,684
Jan 202501,34774.324.28$5,763
Dec 202401,44268.993.12$4,501
Nov 202401,54269.052.20$3,390
Oct 202401,28871.372.28$2,938
Sep 202401,61769.612.36$3,823
Aug 202401,33175.632.06$2,747
Jul 202401,25979.932.15$2,703
Jun 202401,36078.082.63$3,582
May 202401,45178.812.20$3,190
Apr 202401,45984.451.66$2,421
Mar 202403,79780.301.55$5,867
Feb 202401,23476.091.78$2,201
Jan 202401,40473.023.30$4,630
Dec 202301,31371.262.61$3,428
Nov 202301,19477.892.81$3,352
Oct 202301,24085.443.09$3,828
Sep 202301,54489.042.74$4,223
Aug 202301,35180.522.67$3,611
Jul 202301,50774.852.64$3,981
Jun 202301,43668.962.26$3,243
May 202301,63270.622.23$3,635
Apr 202302,09478.122.24$4,686
Mar 202303,87372.852.39$9,269
Feb 202302,45675.112.47$6,056
Jan 202301,59376.533.39$5,397
Dec 202201,62676.415.73$9,315
Nov 202201,64585.005.65$9,288
Oct 202201,81187.185.86$10,619
Sep 202203,30384.888.16$26,965
Aug 202201,41294.529.13$12,888
Jul 202201,992101.587.54$15,024
Jun 202201,784115.097.98$14,231
May 202203,618109.378.43$30,511
Apr 202202,636104.226.84$18,024
Mar 202204,006108.885.08$20,336
Feb 202201,41691.054.86$6,880
Jan 2022024881.844.54$1,125
Dec 2021037571.323.90$1,462
Nov 2021059177.435.24$3,095
Oct 202101,91979.795.71$10,965
Sep 2021021669.865.35$1,156
Aug 2021076866.024.22$3,241
Jul 202101,21270.783.98$4,826
Jun 202101,07469.493.38$3,631
May 202101,04063.483.02$3,138
Apr 202101,82960.362.76$5,045
Mar 2021046661.302.72$1,266
Feb 202102,48857.805.55$13,803
Jan 202101,87850.412.81$5,278
Dec 202001,86944.642.68$5,000
Nov 202001,85038.772.71$5,007
Oct 202002,04736.972.48$5,073
Sep 202002,00037.091.99$3,982
Aug 202002,33939.982.39$5,579
Jul 202002,27138.371.83$4,145
Jun 202002,34334.901.69$3,960
May 202002,31316.921.81$4,198
Apr 202002,04414.751.80$3,688
Mar 202002,29430.341.86$4,258
Feb 202002,15249.881.98$4,262
Jan 202002,31257.252.09$4,843
Dec 201903,93459.012.30$9,065
Nov 201903,02155.302.75$8,310
Oct 201904,01053.472.42$9,698
Sep 201903,39755.052.66$9,027
Aug 201904,34453.112.30$10,010
Jul 2019742,73456.272.46$10,890
Jun 201902,42652.782.49$6,044
May 201903,91458.482.74$10,726
Apr 201904,14262.632.75$11,393
Mar 201903,53156.803.06$10,812
Feb 201903,48750.852.79$9,736
Jan 201904,00246.033.23$12,919
Dec 201803,83146.594.19$16,034
Nov 201803,29752.934.24$13,970
Oct 201803,85561.443.40$13,100
Sep 201803,77359.543.11$11,726
Aug 201803,97959.403.07$12,202
Jul 201804,28365.142.93$12,557
Jun 201803,71360.183.08$11,425
May 201803,64165.382.90$10,562
Apr 201803,40863.842.90$9,886
Mar 201804,19761.222.79$11,696
Feb 201803,15561.782.77$8,727
Jan 201804,17762.874.01$16,747
Dec 201704,34657.272.92$12,697
Nov 201704,95755.423.12$15,458
Oct 201704,82349.292.98$14,390
Sep 201705,17947.523.09$15,989
Aug 201704,56045.373.00$13,700
Jul 201705,22643.873.09$16,134
Jun 201704,84042.493.09$14,942
May 201704,82845.373.26$15,756
Apr 201704,77447.933.21$15,332
Mar 201704,70446.772.98$14,035
Feb 201704,25450.452.95$12,560
Jan 201704,78149.413.42$16,345
Dec 201604,81148.763.72$17,911
Nov 201604,64642.492.64$12,286
Oct 201604,76746.193.09$14,731
Sep 201603,31041.553.10$10,263
Aug 201604,98741.442.92$14,584
Jul 201605,04241.622.92$14,745
Jun 201604,47145.352.69$12,008
May 201604,58342.521.99$9,125
Apr 201604,78336.561.99$9,523
Mar 201604,85533.011.79$8,710
Feb 201604,57226.472.06$9,435
Jan 201604,92527.352.36$11,644
Dec 201505,30432.362.00$10,615
Nov 201505,59738.792.17$12,131
Oct 201504,93343.552.43$11,970
Sep 201505,25542.992.76$14,496
Aug 201505,47040.162.87$15,713
Jul 201505,80848.152.95$17,105
Jun 201503,85456.152.88$11,111
May 201505,10055.212.96$15,073
Apr 201505,15649.822.71$13,955
Mar 201505,67442.892.93$16,652
Feb 201504,76044.662.98$14,167
Jan 201506,16143.433.10$19,103
Dec 201405,45954.693.59$19,605
Nov 201405,62770.464.25$23,925
Oct 201405,94278.303.90$23,180
Sep 201405,32786.164.05$21,550
Aug 201406,54689.394.04$26,414
Jul 201405,59196.564.18$23,368
Jun 201406,12698.164.74$29,018
May 201406,68794.734.73$31,607
Apr 201406,60795.944.81$31,774
Mar 201406,73995.895.06$34,078
Feb 201406,10397.406.19$37,790
Jan 201407,18890.404.86$34,939
Dec 201307,19291.824.35$31,317
Nov 201306,99288.853.74$26,138
Oct 201306,97197.423.78$26,346
Sep 201306,944104.113.72$25,816
Aug 201307,483104.253.52$26,360
Jul 201307,626102.523.72$28,351
Jun 201306,89694.403.93$27,125
May 201307,52194.834.15$31,205
Apr 201307,61293.964.28$32,599
Mar 201307,72593.623.91$30,227
Feb 201307,50391.233.42$25,660
Jan 201307,98191.603.42$27,294
Dec 201207,64386.773.42$26,140
Nov 201207,91686.953.62$28,695
Oct 201208,31389.383.40$28,262
Sep 201208,38694.672.92$24,474
Aug 201209,00192.662.91$26,176
Jul 201209,21985.133.02$27,849
Jun 201209,32779.822.52$23,495
May 201209,38391.612.49$23,348
Apr 201209,673101.652.00$19,315
Mar 2012010,168105.052.22$22,594
Feb 201209,743101.102.57$25,042
Jan 201209,79598.092.73$26,780
Dec 2011011,50496.873.24$37,270
Nov 2011011,50395.723.31$38,090
Oct 2011011,33884.983.65$41,367
Sep 2011012,88483.623.99$51,353
Aug 2011012,42283.404.15$51,543
Jul 2011013,58594.144.52$61,367
Jun 2011011,81392.904.64$54,811
May 2011314,35798.134.40$63,534
Apr 2011014,298105.964.33$61,957
Mar 2011015,27896.364.06$61,988
Feb 2011014,69385.644.18$61,416
Jan 2011016,90486.504.59$77,569
Dec 2010018,85585.734.35$81,977
Nov 2010019,91380.843.80$75,576
Oct 2010020,77178.103.51$72,883
Sep 2010022,31472.633.98$88,798
Aug 2010025,04873.684.42$110,696
Jul 2010027,77272.554.74$131,542
Jun 2010130,43470.364.91$149,513
May 2010037,47471.124.24$158,711
Apr 2010136,63681.694.12$151,121
Mar 2010026,92578.394.39$118,165
Feb 2010028,16473.585.44$153,279
Jan 2010040,41174.365.96$241,015
Dec 2009047,39871.445.48$259,919
Nov 2009054,06174.593.75$202,810
Oct 2009055,90072.544.11$229,763
Sep 2009035,89565.543.06$110,009
Aug 2009018,88867.423.22$60,791

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                1,076 Mcf  × $  3.05 =     $3,277

────────────────────────────────────────────────────
Month total                                   $3,277

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/252881 is the state's own key, not one this site invented.