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 258446District 05Field 064768002 tax incentive programmesCondensateGasSaveExport
Value, all time
$801 k
Jul 2010 – May 2026
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
191
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 Gas112012-12-20202729
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
CondensateDisposition173 bbl$15,417
GasProduction201,978 Mcf$785,383
Total$800,800

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 31.3881, -96.2592. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38810, -96.25921 · 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
11,456 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 11,456 ft.

Completions filed
Aug 2010
1 of 1 wells

1 well

42-289318533411,456 ftAug 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 (191)

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

191 months

May 20260106106.413.05$323
Apr 2026016498.932.87$471
Mar 2026020489.753.15$642
Feb 2026016363.503.75$611
Jan 2026017959.138.00$1,432
Dec 2025020256.664.41$892
Nov 2025017658.593.93$691
Oct 2025017259.383.30$568
Sep 2025017262.743.08$529
Aug 2025019963.933.01$600
Jul 2025021066.743.32$696
Jun 2025015566.483.13$485
May 2025016060.553.23$517
Apr 2025018862.363.54$666
Mar 2025017467.704.27$743
Feb 2025017070.884.34$738
Jan 2025017774.324.28$757
Dec 2024021468.993.12$668
Nov 2024019069.052.20$418
Oct 2024017971.372.28$408
Sep 2024020369.612.36$480
Aug 2024016975.632.06$349
Jul 2024015379.932.15$328
Jun 2024018378.082.63$482
May 2024019778.812.20$433
Apr 2024019184.451.66$317
Mar 2024015180.301.55$233
Feb 2024011576.091.78$205
Jan 2024017373.023.30$571
Dec 2023017871.262.61$465
Nov 202309577.892.81$267
Oct 2023021385.443.09$658
Sep 2023015989.042.74$435
Aug 2023025980.522.67$692
Jul 2023020574.852.64$542
Jun 2023016568.962.26$373
May 2023018770.622.23$417
Apr 2023017278.122.24$385
Mar 2023017072.852.39$407
Feb 2023024975.112.47$614
Jan 2023072576.533.39$2,456
Dec 2022044376.415.73$2,538
Nov 2022014785.005.65$830
Oct 2022016587.185.86$968
Sep 2022022884.888.16$1,861
Aug 2022016694.529.13$1,515
Jul 20220182101.587.54$1,373
Jun 20220148115.097.98$1,181
May 20220231109.378.43$1,948
Apr 20220182104.226.84$1,244
Mar 20220109108.885.08$553
Feb 2022018891.054.86$913
Jan 2022024881.844.54$1,125
Dec 2021020971.323.90$815
Nov 2021018377.435.24$958
Oct 2021022879.795.71$1,303
Sep 2021021669.865.35$1,156
Aug 2021025666.024.22$1,080
Jul 2021014770.783.98$585
Jun 202107869.493.38$264
May 2021027163.483.02$818
Apr 202105060.362.76$138
Mar 2021026761.302.72$725
Feb 2021027757.805.55$1,537
Jan 2021026250.412.81$736
Dec 2020014044.642.68$375
Nov 2020026138.772.71$706
Oct 2020023136.972.48$573
Sep 2020020737.091.99$412
Aug 2020012239.982.39$291
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 2020018130.341.86$336
Feb 2020011549.881.98$228
Jan 2020017457.252.09$364
Dec 2019019859.012.30$456
Nov 2019016055.302.75$440
Oct 2019011953.472.42$288
Sep 2019015655.052.66$415
Aug 2019018853.112.30$433
Jul 2019022456.272.46$551
Jun 2019021152.782.49$526
May 2019028758.482.74$786
Apr 2019014862.632.75$407
Mar 2019023256.803.06$710
Feb 2019022150.852.79$617
Jan 2019034546.033.23$1,114
Dec 2018018546.594.19$774
Nov 2018033552.934.24$1,419
Oct 2018022561.443.40$765
Sep 2018031359.543.11$973
Aug 2018027759.403.07$849
Jul 2018036165.142.93$1,058
Jun 2018025060.183.08$769
May 2018036565.382.90$1,059
Apr 2018022963.842.90$664
Mar 2018033761.222.79$939
Feb 2018023161.782.77$639
Jan 2018034162.874.01$1,367
Dec 2017026557.272.92$774
Nov 2017043355.423.12$1,350
Oct 2017027749.292.98$826
Sep 2017035547.523.09$1,096
Aug 2017020745.373.00$622
Jul 2017039943.873.09$1,232
Jun 2017031042.493.09$957
May 2017025645.373.26$835
Apr 2017028047.933.21$899
Mar 2017029246.772.98$871
Feb 2017024750.452.95$729
Jan 2017039349.413.42$1,344
Dec 2016018448.763.72$685
Nov 2016034642.492.64$915
Oct 2016021046.193.09$649
Sep 2016030441.553.10$943
Aug 2016039441.442.92$1,152
Jul 201601,46541.622.92$4,284
Jun 201601,48045.352.69$3,975
May 2016082842.521.99$1,649
Apr 201601,55936.561.99$3,104
Mar 201601,71333.011.79$3,073
Feb 201601,79826.472.06$3,710
Jan 201601,82827.352.36$4,322
Dec 201502,19532.362.00$4,393
Nov 201501,82538.792.17$3,955
Oct 2015025343.552.43$614
Sep 2015037642.992.76$1,037
Aug 2015024740.162.87$710
Jul 2015034948.152.95$1,028
Jun 2015024756.152.88$712
May 2015012555.212.96$369
Apr 2015012449.822.71$336
Mar 2015020742.892.93$607
Feb 201502,31544.662.98$6,890
Jan 2015021843.433.10$676
Dec 2014033754.693.59$1,210
Nov 2014040470.464.25$1,718
Oct 2014040478.303.90$1,576
Sep 2014071986.164.05$2,909
Aug 20141701,81589.394.04$22,520
Jul 201404,26096.564.18$17,805
Jun 201404,60398.164.74$21,804
May 201402,53094.734.73$11,958
Apr 201402,51795.944.81$12,105
Mar 201402,51995.895.06$12,738
Feb 201402,64297.406.19$16,359
Jan 201403,04890.404.86$14,815
Dec 201303,02491.824.35$13,168
Nov 201302,93088.853.74$10,953
Oct 201303,12197.423.78$11,795
Sep 201303,054104.113.72$11,354
Aug 201303,179104.253.52$11,198
Jul 201303,815102.523.72$14,183
Jun 201305,35294.403.93$21,052
May 201304,10294.834.15$17,020
Apr 201304,04193.964.28$17,306
Mar 201301,48093.623.91$5,791
Feb 2013016091.233.42$547
Jan 2013034891.603.42$1,190
Dec 2012032986.773.42$1,125
Nov 2012043586.953.62$1,577
Oct 2012042189.383.40$1,431
Sep 2012044294.672.92$1,290
Aug 2012042992.662.91$1,248
Jul 2012056485.133.02$1,704
Jun 2012054979.822.52$1,383
May 2012026191.612.49$649
Apr 20120593101.652.00$1,184
Mar 20120878105.052.22$1,951
Feb 201201,084101.102.57$2,786
Jan 201201,83598.092.73$5,017
Dec 201101,39196.873.24$4,506
Nov 201101,31995.723.31$4,368
Oct 2011076184.983.65$2,777
Sep 2011088683.623.99$3,531
Aug 201101,08583.404.15$4,502
Jul 201102,19094.144.52$9,893
Jun 201107,29092.904.64$33,825
May 201106,60398.134.40$29,085
Apr 201104,058105.964.33$17,584
Mar 201103,20196.364.06$12,988
Feb 201102,35685.644.18$9,848
Jan 201103,72786.504.59$17,102
Dec 201005,42085.734.35$23,565
Nov 201006,16880.843.80$23,410
Oct 201009,93778.103.51$34,868
Sep 2010010,39872.633.98$41,379
Aug 2010320,83673.684.42$92,303
Jul 201001,70872.554.74$8,090

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                  106 Mcf  × $  3.05 =       $323

────────────────────────────────────────────────────
Month total                                     $323

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/258446 is the state's own key, not one this site invented.