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 259341District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.4 M
Oct 2010 – May 2026
Value, last 12 filed months
$159 k
at the published price for each month
Months reported
188
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 Gas112011-04-13201971
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
CondensateDisposition6 bbl$507
GasProduction1,497,222 Mcf$5,354,197
Total$5,354,704

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 31.3874, -96.2540. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38736, -96.25402 · 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
15,009 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 15,009 ft.

Completions filed
Oct 2010
1 of 1 wells

1 well

42-289318704315,009 ftOct 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 (188)

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

188 months

May 202603,233106.413.05$9,847
Apr 202603,01198.932.87$8,641
Mar 202603,35489.753.15$10,563
Feb 202603,02263.503.75$11,333
Jan 202603,61659.138.00$28,920
Dec 202503,48856.664.41$15,394
Nov 202504,23458.593.93$16,625
Oct 202514,94559.383.30$16,402
Sep 202502,69662.743.08$8,295
Aug 202503,37763.933.01$10,181
Jul 202503,80966.743.32$12,628
Jun 202503,40466.483.13$10,650
May 202503,79360.553.23$12,260
Apr 202504,01062.363.54$14,208
Mar 202504,33767.704.27$18,512
Feb 202504,56670.884.34$19,820
Jan 202505,02774.324.28$21,509
Dec 202415,08968.993.12$15,954
Nov 202403,71769.052.20$8,172
Oct 202402,26771.372.28$5,172
Sep 202402,19069.612.36$5,178
Aug 202402,21375.632.06$4,567
Jul 202401,95879.932.15$4,203
Jun 202402,11078.082.63$5,558
May 202403,17878.812.20$6,987
Apr 202414,69384.451.66$7,871
Mar 202403,83280.301.55$5,921
Feb 202404,69776.091.78$8,378
Jan 202404,31673.023.30$14,233
Dec 202305,05271.262.61$13,189
Nov 202305,66677.892.81$15,908
Oct 202302,61085.443.09$8,058
Sep 202302,32989.042.74$6,370
Aug 202302,52480.522.67$6,746
Jul 202302,32674.852.64$6,145
Jun 202302,41368.962.26$5,450
May 202303,17270.622.23$7,065
Apr 202302,26378.122.24$5,064
Mar 202303,82372.852.39$9,149
Feb 202303,76775.112.47$9,288
Jan 202305,59076.533.39$18,937
Dec 202203,54976.415.73$20,333
Nov 202204,44285.005.65$25,080
Oct 202206,67187.185.86$39,117
Sep 202204,87084.888.16$39,757
Aug 202201994.529.13$173
Jul 202201,112101.587.54$8,387
Jun 202203,553115.097.98$28,343
May 202203,953109.378.43$33,336
Apr 202204,772104.226.84$32,629
Mar 202203,897108.885.08$19,783
Feb 202203,58791.054.86$17,429
Jan 202204,64181.844.54$21,059
Dec 202104,85471.323.90$18,926
Nov 202105,18477.435.24$27,148
Oct 202102,62279.795.71$14,982
Sep 202104,63469.865.35$24,796
Aug 202105,55166.024.22$23,429
Jul 202105,71370.783.98$22,750
Jun 202105,81869.493.38$19,668
May 202105,47663.483.02$16,525
Apr 202104,69860.362.76$12,959
Mar 202103,27661.302.72$8,901
Feb 202103,25657.805.55$18,064
Jan 202104,80550.412.81$13,503
Dec 202005,14244.642.68$13,757
Nov 202003,91838.772.71$10,604
Oct 202003,85036.972.48$9,542
Sep 202004,49537.091.99$8,950
Aug 202004,35139.982.39$10,378
Jul 202004,01138.371.83$7,321
Jun 202004,87934.901.69$8,247
May 202004,98416.921.81$9,045
Apr 202004,41014.751.80$7,957
Mar 202006,63730.341.86$12,320
Feb 202003,82349.881.98$7,572
Jan 202003,44857.252.09$7,223
Dec 201905,83859.012.30$13,453
Nov 201904,48255.302.75$12,329
Oct 201904,84353.472.42$11,713
Sep 201904,93455.052.66$13,111
Aug 201905,34253.112.30$12,310
Jul 201905,64256.272.46$13,880
Jun 201905,59452.782.49$13,936
May 201906,38858.482.74$17,505
Apr 201905,35062.632.75$14,716
Mar 201905,15956.803.06$15,797
Feb 201906,22650.852.79$17,384
Jan 201907,01946.033.23$22,659
Dec 201806,97246.594.19$29,181
Nov 201805,20952.934.24$22,072
Oct 201805,65361.443.40$19,209
Sep 201805,68359.543.11$17,663
Aug 201805,69759.403.07$17,470
Jul 201805,99865.142.93$17,585
Jun 201806,30660.183.08$19,403
May 201806,67665.382.90$19,366
Apr 201806,58663.842.90$19,105
Mar 201804,95161.222.79$13,798
Feb 201807,65661.782.77$21,177
Jan 201807,44962.874.01$29,865
Dec 2017012,37757.272.92$36,160
Nov 201706,67955.423.12$20,828
Oct 201704,44949.292.98$13,274
Sep 2017010,87447.523.09$33,571
Aug 201709,62445.373.00$28,914
Jul 2017014,62843.873.09$45,161
Jun 201702,04842.493.09$6,323
May 2017011,82945.373.26$38,603
Apr 2017012,84847.933.21$41,263
Mar 2017021,13846.772.98$63,069
Feb 20170050.452.95$0
Jan 201701,19849.413.42$4,096
Dec 201605,17048.763.72$19,247
Nov 2016015,63242.492.64$41,336
Oct 2016013,07946.193.09$40,418
Sep 201602,71041.553.10$8,403
Aug 201603,98341.442.92$11,648
Jul 201603,49941.622.92$10,232
Jun 201602,31545.352.69$6,218
May 201603,57842.521.99$7,124
Apr 201603,29636.561.99$6,562
Mar 201602,24633.011.79$4,029
Feb 201604,55726.472.06$9,404
Jan 201603,27927.352.36$7,753
Dec 201501,18232.362.00$2,366
Nov 201502,74638.792.17$5,951
Oct 201504,60843.552.43$11,182
Sep 201505,28542.992.76$14,578
Aug 201501,90240.162.87$5,463
Jul 201504,10148.152.95$12,078
Jun 201503,93556.152.88$11,344
May 201504,07855.212.96$12,052
Apr 201504,48049.822.71$12,125
Mar 201505,26242.892.93$15,442
Feb 201505,81444.662.98$17,304
Jan 201501,36843.433.10$4,242
Dec 201403,06154.693.59$10,993
Nov 201403,11470.464.25$13,240
Oct 201404,41178.303.90$17,207
Sep 201404,55786.164.05$18,435
Aug 201404,84489.394.04$19,546
Jul 201404,90596.564.18$20,501
Jun 201404,92698.164.74$23,334
May 201405,16094.734.73$24,389
Apr 201405,20095.944.81$25,007
Mar 201405,48995.895.06$27,757
Feb 201404,65397.406.19$28,811
Jan 201405,92590.404.86$28,800
Dec 201305,60291.824.35$24,394
Nov 201304,01288.853.74$14,998
Oct 201304,97797.423.78$18,810
Sep 201305,667104.113.72$21,068
Aug 201306,455104.253.52$22,738
Jul 201307,281102.523.72$27,069
Jun 201306,04694.403.93$23,781
May 201305,04394.834.15$20,924
Apr 201307,18093.964.28$30,749
Mar 201309,27993.623.91$36,308
Feb 201308,82091.233.42$30,164
Jan 2013010,20391.603.42$34,893
Dec 2012012,87786.773.42$44,041
Nov 201208,27986.953.62$30,011
Oct 201201,37789.383.40$4,681
Sep 201207,84594.672.92$22,895
Aug 2012010,78092.662.91$31,350
Jul 201207,75885.133.02$23,435
Jun 201209,30479.822.52$23,437
May 2012010,83591.612.49$26,961
Apr 2012017,273101.652.00$34,491
Mar 2012018,082105.052.22$40,180
Feb 2012011,379101.102.57$29,247
Jan 2012013,30498.092.73$36,374
Dec 2011013,35996.873.24$43,280
Nov 2011022,00595.723.31$72,865
Oct 2011032,34984.983.65$118,027
Sep 2011010,58783.623.99$42,198
Aug 2011019,67383.404.15$81,630
Jul 2011028,02394.144.52$126,587
Jun 2011033,96792.904.64$157,603
May 2011340,77598.134.40$179,901
Apr 2011047,483105.964.33$205,757
Mar 2011031,08296.364.06$126,110
Feb 2011035,78585.644.18$149,581
Jan 2011052,20486.504.59$239,553
Dec 2010046,93085.734.35$204,040
Nov 2010058,47480.843.80$221,928
Oct 20100100,55578.103.51$352,836

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                3,233 Mcf  × $  3.05 =     $9,847

────────────────────────────────────────────────────
Month total                                   $9,847

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/259341 is the state's own key, not one this site invented.