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 253026District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.7 M
Jan 2009 – May 2026
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
209
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 Gas112009-12-17196188
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
CondensateDisposition55 bbl$2,200
GasProduction2,326,739 Mcf$9,688,047
Total$9,690,246

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 31.3936, -96.2358. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.39356, -96.23577 · 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
14,562 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 14,562 ft.

Completions filed
Jan 2009
1 of 1 wells

1 well

42-2893171937H14,562 ftJan 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 (209)

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

209 months

May 202600106.413.05$0
Apr 2026024098.932.87$689
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 202606759.138.00$536
Dec 20250056.664.41$0
Nov 202507258.593.93$283
Oct 2025017159.383.30$565
Sep 2025034562.743.08$1,062
Aug 2025054163.933.01$1,631
Jul 2025035566.743.32$1,177
Jun 20250066.483.13$0
May 2025023660.553.23$763
Apr 20250062.363.54$0
Mar 202505667.704.27$239
Feb 20250070.884.34$0
Jan 202502574.324.28$107
Dec 202405668.993.12$175
Nov 20240569.052.20$11
Oct 2024035371.372.28$805
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240678.082.63$16
May 20240078.812.20$0
Apr 2024068584.451.66$1,137
Mar 20240080.301.55$0
Feb 202403876.091.78$68
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 2023070777.892.81$1,985
Oct 20230085.443.09$0
Sep 202301889.042.74$49
Aug 2023025280.522.67$674
Jul 2023015574.852.64$409
Jun 2023089568.962.26$2,021
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 202202087.185.86$117
Sep 2022046184.888.16$3,763
Aug 20220194.529.13$9
Jul 20220261101.587.54$1,968
Jun 20220162115.097.98$1,292
May 20220479109.378.43$4,039
Apr 20220609104.226.84$4,164
Mar 2022057108.885.08$289
Feb 2022045491.054.86$2,206
Jan 2022059581.844.54$2,700
Dec 2021065671.323.90$2,558
Nov 202108077.435.24$419
Oct 2021086579.795.71$4,943
Sep 2021046869.865.35$2,504
Aug 202101,66666.024.22$7,032
Jul 202101,22770.783.98$4,886
Jun 2021016069.493.38$541
May 2021050963.483.02$1,536
Apr 2021070260.362.76$1,936
Mar 202101,01061.302.72$2,744
Feb 2021065557.805.55$3,634
Jan 2021059150.412.81$1,661
Dec 2020067144.642.68$1,795
Nov 2020075938.772.71$2,054
Oct 2020079236.972.48$1,963
Sep 2020026637.091.99$530
Aug 2020072139.982.39$1,720
Jul 202001,16438.371.83$2,124
Jun 2020070334.901.69$1,188
May 202001,48816.921.81$2,700
Apr 20200214.751.80$4
Mar 2020013230.341.86$245
Feb 2020010549.881.98$208
Jan 2020020757.252.09$434
Dec 2019040759.012.30$938
Nov 2019026355.302.75$723
Oct 2019069253.472.42$1,674
Sep 201901,30555.052.66$3,468
Aug 201901,49553.112.30$3,445
Jul 201901,78356.272.46$4,386
Jun 201902,41752.782.49$6,021
May 201902,77158.482.74$7,593
Apr 201903,07362.632.75$8,453
Mar 201903,51756.803.06$10,769
Feb 201903,89750.852.79$10,881
Jan 201904,45746.033.23$14,388
Dec 201804,73946.594.19$19,835
Nov 201805,30452.934.24$22,474
Oct 201803,56361.443.40$12,107
Sep 201801,73159.543.11$5,380
Aug 2018086259.403.07$2,643
Jul 2018081465.142.93$2,387
Jun 2018073660.183.08$2,265
May 201802,06265.382.90$5,981
Apr 201801,52863.842.90$4,432
Mar 201801,19861.222.79$3,339
Feb 201801,66061.782.77$4,592
Jan 201801,72462.874.01$6,912
Dec 201701,93957.272.92$5,665
Nov 201701,98655.423.12$6,193
Oct 201701,94749.292.98$5,809
Sep 201701,84947.523.09$5,708
Aug 201702,52345.373.00$7,580
Jul 201702,11743.873.09$6,536
Jun 201702,04842.493.09$6,323
May 201702,40245.373.26$7,839
Apr 201702,25947.933.21$7,255
Mar 201701,67046.772.98$4,983
Feb 201702,10350.452.95$6,209
Jan 201702,34049.413.42$8,000
Dec 201603,00348.763.72$11,180
Nov 201603,17742.492.64$8,401
Oct 201602,37246.193.09$7,330
Sep 2016069341.553.10$2,149
Aug 201601,58941.442.92$4,647
Jul 201602,18741.622.92$6,396
Jun 201601,74445.352.69$4,684
May 201602,18242.521.99$4,344
Apr 201603,09736.561.99$6,166
Mar 201602,64833.011.79$4,751
Feb 201602,74826.472.06$5,671
Jan 201603,21827.352.36$7,609
Dec 201503,50132.362.00$7,007
Nov 201502,97738.792.17$6,452
Oct 201503,89743.552.43$9,456
Sep 201504,20442.992.76$11,596
Aug 201504,92040.162.87$14,133
Jul 201505,67548.152.95$16,713
Jun 201508,86956.152.88$25,568
May 201506,08655.212.96$17,987
Apr 201501649.822.71$43
Mar 2015064042.892.93$1,878
Feb 2015079444.662.98$2,363
Jan 2015081943.433.10$2,539
Dec 2014084954.693.59$3,049
Nov 2014081270.464.25$3,452
Oct 2014085778.303.90$3,343
Sep 2014091686.164.05$3,706
Aug 2014092989.394.04$3,749
Jul 2014098096.564.18$4,096
Jun 2014098798.164.74$4,675
May 201401,17594.734.73$5,554
Apr 201401,21595.944.81$5,843
Mar 201401,35295.895.06$6,837
Feb 201401,35397.406.19$8,378
Jan 201401,57490.404.86$7,651
Dec 201301,82491.824.35$7,943
Nov 201302,41988.853.74$9,043
Oct 201304,87397.423.78$18,417
Sep 201303,766104.113.72$14,001
Aug 201303,087104.253.52$10,874
Jul 201304,561102.523.72$16,957
Jun 201304,70994.403.93$18,522
May 201307,52694.834.15$31,226
Apr 201302,28993.964.28$9,803
Mar 201305,16993.623.91$20,226
Feb 201301,47591.233.42$5,044
Jan 201306,86591.603.42$23,478
Dec 201206,54986.773.42$22,399
Nov 201203,44986.953.62$12,502
Oct 201205,57389.383.40$18,946
Sep 201205,64394.672.92$16,469
Aug 201206,30792.662.91$18,342
Jul 201206,37485.133.02$19,255
Jun 201206,74979.822.52$17,001
May 201207,55091.612.49$18,787
Apr 201207,397101.652.00$14,770
Mar 201208,506105.052.22$18,901
Feb 201209,419101.102.57$24,209
Jan 201207,68098.092.73$20,998
Dec 201109,40596.873.24$30,470
Nov 2011012,13395.723.31$40,176
Oct 2011026,00684.983.65$94,884
Sep 2011015,44783.623.99$61,569
Aug 2011010,54183.404.15$43,738
Jul 201102,33894.144.52$10,561
Jun 201103,39192.904.64$15,734
May 201108,40998.134.40$37,040
Apr 2011011,652105.964.33$50,491
Mar 2011017,46496.364.06$70,857
Feb 2011014,74785.644.18$61,642
Jan 2011022,53286.504.59$103,394
Dec 2010018,84385.734.35$81,925
Nov 2010016,97080.843.80$64,407
Oct 2010042,36978.103.51$148,668
Sep 2010044,08372.633.98$175,427
Aug 2010044,65573.684.42$197,347
Jul 2010038,84772.554.74$183,998
Jun 2010041,77570.364.91$205,132
May 2010052,64671.124.24$222,967
Apr 2010049,22481.694.12$202,935
Mar 2010061,13478.394.39$268,297
Feb 2010266,82373.585.44$363,822
Jan 2010173,18174.365.96$436,532
Dec 2009068,87671.445.48$377,699
Nov 2009065,81774.593.75$246,912
Oct 2009053,57072.544.11$220,186
Sep 2009067,66065.543.06$207,361
Aug 2009071,85667.423.22$231,269
Jul 2009079,82161.133.46$276,540
Jun 2009085,19566.163.90$331,835
May 2009094,10754.743.93$369,441
Apr 20098116,81846.773.59$419,459
Mar 20099179,80542.144.06$730,208
Feb 200910208,95632.814.63$968,421
Jan 200925214,67235.865.37$1,153,900

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  240 Mcf  × $  2.87 =       $689

────────────────────────────────────────────────────
Month total                                     $689

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/253026 is the state's own key, not one this site invented.