GAIL KING

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the BEAR GRASS (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 257629District 05Field 064768002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.0 M
Jun 2010 – May 2026
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
192
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 271 leases and 271 wells, and the rule below applies to all of them.

Discovered
1980-03-18
as the register files it
Field class
Gas
the register's own label
Between wells
600 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2007-09-11.

The Commission's schedule remark for this field reads: FOR PRORATION PURPOSES.

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 Gas112012-05-23200357
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
CondensateDisposition184 bbl$14,706
GasProduction265,531 Mcf$1,029,503
Total$1,044,208

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 31.3849, -96.2566. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38490, -96.25661 · 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
11,592 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 11,592 ft.

Completions filed
Jun 2010
1 of 1 wells

1 well

42-289318543811,592 ftJun 2010

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 (192)

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

192 months

May 2026088106.413.05$268
Apr 202608798.932.87$250
Mar 2026011289.753.15$353
Feb 2026012763.503.75$476
Jan 2026070459.138.00$5,631
Dec 2025041856.664.41$1,845
Nov 2025037258.593.93$1,461
Oct 2025027159.383.30$896
Sep 2025031562.743.08$969
Aug 2025019063.933.01$573
Jul 2025017366.743.32$574
Jun 2025012466.483.13$388
May 2025013660.553.23$440
Apr 2025016662.363.54$588
Mar 2025019167.704.27$815
Feb 2025015970.884.34$690
Jan 2025013374.324.28$569
Dec 2024015468.993.12$481
Nov 2024014169.052.20$310
Oct 2024012471.372.28$283
Sep 2024014369.612.36$338
Aug 2024010075.632.06$206
Jul 202407979.932.15$170
Jun 202409178.082.63$240
May 2024012478.812.20$273
Apr 2024012384.451.66$204
Mar 202408880.301.55$136
Feb 2024010676.091.78$189
Jan 202401,11173.023.30$3,664
Dec 202301,47871.262.61$3,859
Nov 202301,42077.892.81$3,987
Oct 202301,17685.443.09$3,631
Sep 2023052089.042.74$1,422
Aug 2023011380.522.67$302
Jul 2023016274.852.64$428
Jun 2023019968.962.26$449
May 2023022970.622.23$510
Apr 2023037278.122.24$832
Mar 2023042072.852.39$1,005
Feb 20230075.112.47$0
Jan 2023061076.533.39$2,067
Dec 2022016276.415.73$928
Nov 2022027285.005.65$1,536
Oct 2022020187.185.86$1,179
Sep 2022010584.888.16$857
Aug 2022015394.529.13$1,396
Jul 20220123101.587.54$928
Jun 20220155115.097.98$1,236
May 20220157109.378.43$1,324
Apr 20220126104.226.84$862
Mar 20220142108.885.08$721
Feb 2022011891.054.86$573
Jan 2022090281.844.54$4,093
Dec 202101,85171.323.90$7,217
Nov 202101,78977.435.24$9,369
Oct 202101,67279.795.71$9,554
Sep 202101,66269.865.35$8,893
Aug 202101,30366.024.22$5,499
Jul 202101,12070.783.98$4,460
Jun 2021068369.493.38$2,309
May 202101,24063.483.02$3,742
Apr 202101,54560.362.76$4,262
Mar 202101,15361.302.72$3,133
Feb 2021018857.805.55$1,043
Jan 202104450.412.81$124
Dec 202006444.642.68$171
Nov 2020010938.772.71$295
Oct 2020016636.972.48$411
Sep 2020012237.091.99$243
Aug 202008439.982.39$200
Jul 202008638.371.83$157
Jun 2020012134.901.69$205
May 2020010016.921.81$181
Apr 2020019814.751.80$357
Mar 2020022630.341.86$420
Feb 2020046949.881.98$929
Jan 2020061057.252.09$1,278
Dec 2019087659.012.30$2,019
Nov 2019075655.302.75$2,080
Oct 2019068953.472.42$1,666
Sep 2019015555.052.66$412
Aug 2019011253.112.30$258
Jul 2019019956.272.46$490
Jun 2019024352.782.49$605
May 2019017058.482.74$466
Apr 2019032462.632.75$891
Mar 2019073756.803.06$2,257
Feb 2019066350.852.79$1,851
Jan 2019054246.033.23$1,750
Dec 2018054846.594.19$2,294
Nov 2018046152.934.24$1,953
Oct 2018022761.443.40$771
Sep 2018030059.543.11$932
Aug 2018015059.403.07$460
Jul 2018033165.142.93$970
Jun 2018019660.183.08$603
May 2018029065.382.90$841
Apr 2018025363.842.90$734
Mar 2018033661.222.79$936
Feb 2018026761.782.77$739
Jan 2018024862.874.01$994
Dec 2017020257.272.92$590
Nov 2017042055.423.12$1,310
Oct 2017029449.292.98$877
Sep 2017031747.523.09$979
Aug 2017026745.373.00$802
Jul 2017031343.873.09$966
Jun 2017031442.493.09$969
May 2017025045.373.26$816
Apr 2017030047.933.21$963
Mar 2017016846.772.98$501
Feb 2017016950.452.95$499
Jan 2017030249.413.42$1,032
Dec 2016040048.763.72$1,489
Nov 2016027042.492.64$714
Oct 2016029546.193.09$912
Sep 2016034441.553.10$1,067
Aug 2016019541.442.92$570
Jul 201606741.622.92$196
Jun 20160045.352.69$0
May 2016035142.521.99$699
Apr 2016031936.561.99$635
Mar 2016020333.011.79$364
Feb 2016036926.472.06$761
Jan 2016029527.352.36$697
Dec 2015056432.362.00$1,129
Nov 2015063238.792.17$1,370
Oct 2015090543.552.43$2,196
Sep 2015058242.992.76$1,605
Aug 2015038940.162.87$1,117
Jul 2015027948.152.95$822
Jun 2015010656.152.88$306
May 2015025355.212.96$748
Apr 2015023749.822.71$641
Mar 2015035442.892.93$1,039
Feb 2015015444.662.98$458
Jan 2015024943.433.10$772
Dec 2014034954.693.59$1,253
Nov 2014031370.464.25$1,331
Oct 201402,02678.303.90$7,903
Sep 201402,01986.164.05$8,168
Aug 201402,11389.394.04$8,526
Jul 201402,24096.564.18$9,362
Jun 201402,29698.164.74$10,876
May 201402,44494.734.73$11,552
Apr 201402,44295.944.81$11,744
Mar 201402,57395.895.06$13,011
Feb 201402,34497.406.19$14,514
Jan 201402,52490.404.86$12,268
Dec 201302,64691.824.35$11,522
Nov 201302,61688.853.74$9,779
Oct 201302,69797.423.78$10,193
Sep 201302,623104.113.72$9,752
Aug 201302,672104.253.52$9,412
Jul 201302,656102.523.72$9,874
Jun 201302,48194.403.93$9,759
May 201302,29994.834.15$9,539
Apr 201301,29093.964.28$5,525
Mar 2013017993.623.91$700
Feb 2013033191.233.42$1,132
Jan 2013049791.603.42$1,700
Dec 201201,23486.773.42$4,220
Nov 201202,22286.953.62$8,055
Oct 201202,77589.383.40$9,434
Sep 201202,63394.672.92$7,684
Aug 201202,80792.662.91$8,163
Jul 201202,85685.133.02$8,627
Jun 20121823,09479.822.52$22,321
May 201203,39691.612.49$8,450
Apr 201203,338101.652.00$6,665
Mar 201203,507105.052.22$7,793
Feb 201203,564101.102.57$9,160
Jan 201204,10698.092.73$11,226
Dec 201104,30896.873.24$13,957
Nov 201104,28695.723.31$14,192
Oct 201104,56584.983.65$16,656
Sep 201104,20183.623.99$16,744
Aug 201101,59383.404.15$6,610
Jul 201101,44394.144.52$6,518
Jun 201102,94192.904.64$13,646
May 201103,11598.134.40$13,721
Apr 201113,707105.964.33$16,169
Mar 201104,15296.364.06$16,846
Feb 201104,11985.644.18$17,217
Jan 201106,15186.504.59$28,226
Dec 201008,42485.734.35$36,625
Nov 201009,58480.843.80$36,374
Oct 2010010,37978.103.51$36,419
Sep 201009,10972.633.98$36,249
Aug 2010015,25473.684.42$67,413
Jul 2010132,74972.554.74$155,188
Jun 2010097870.364.91$4,802

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                   88 Mcf  × $  3.05 =       $268

────────────────────────────────────────────────────
Month total                                     $268

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/257629 is the state's own key, not one this site invented.