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 261013District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.4 M
Apr 2010 – May 2026
Value, last 12 filed months
$79 k
at the published price for each month
Months reported
194
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 Gas112011-11-22204393
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$441
GasProduction2,183,023 Mcf$8,365,962
Total$8,366,403

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 31.4045, -96.2286. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.40445, -96.22859 · 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
14,206 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 14,206 ft.

Completions filed
Apr 2010
1 of 1 wells

1 well

42-2893185010H14,206 ftApr 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 (194)

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

194 months

May 202601,650106.413.05$5,026
Apr 202601,84098.932.87$5,280
Mar 202602,03689.753.15$6,412
Feb 202601,64663.503.75$6,173
Jan 202602,11459.138.00$16,908
Dec 202502,09656.664.41$9,250
Nov 202501,58958.593.93$6,239
Oct 202501,45059.383.30$4,792
Sep 202501,72962.743.08$5,320
Aug 202501,93763.933.01$5,840
Jul 202501,18066.743.32$3,912
Jun 202501,11866.483.13$3,498
May 202501,11260.553.23$3,594
Apr 202501,06262.363.54$3,763
Mar 202501,02167.704.27$4,358
Feb 2025097270.884.34$4,219
Jan 202501,60274.324.28$6,854
Dec 202401,69368.993.12$5,284
Nov 202402,43069.052.20$5,342
Oct 202402,16071.372.28$4,928
Sep 202401,18869.612.36$2,809
Aug 202401,28675.632.06$2,654
Jul 202402,34079.932.15$5,023
Jun 202401,58278.082.63$4,167
May 202401,64678.812.20$3,619
Apr 202402,10284.451.66$3,488
Mar 202402,30080.301.55$3,554
Feb 202402,08876.091.78$3,724
Jan 202402,39173.023.30$7,885
Dec 202301,75771.262.61$4,587
Nov 202301,94577.892.81$5,461
Oct 202302,19685.443.09$6,780
Sep 202302,15689.042.74$5,897
Aug 202302,75580.522.67$7,364
Jul 202302,86574.852.64$7,569
Jun 202301,56568.962.26$3,535
May 202302,33470.622.23$5,199
Apr 202302,00578.122.24$4,487
Mar 202301,84172.852.39$4,406
Feb 202301,25075.112.47$3,082
Jan 202302,32476.533.39$7,873
Dec 202202,26076.415.73$12,948
Nov 202202,16985.005.65$12,247
Oct 202202,56387.185.86$15,029
Sep 202202,73884.888.16$22,352
Aug 202203,02194.529.13$27,573
Jul 20220970101.587.54$7,316
Jun 202201,280115.097.98$10,211
May 202202,893109.378.43$24,397
Apr 202202,752104.226.84$18,817
Mar 202202,855108.885.08$14,493
Feb 202202,37991.054.86$11,559
Jan 202202,77981.844.54$12,610
Dec 202102,91571.323.90$11,366
Nov 202102,55577.435.24$13,380
Oct 202102,70279.795.71$15,439
Sep 202102,54769.865.35$13,629
Aug 202103,02466.024.22$12,763
Jul 202102,49470.783.98$9,931
Jun 202102,54769.493.38$8,610
May 202103,11763.483.02$9,406
Apr 202103,29260.362.76$9,081
Mar 202103,50961.302.72$9,534
Feb 202103,49457.805.55$19,385
Jan 202101,89650.412.81$5,328
Dec 202002,94244.642.68$7,871
Nov 202002,98038.772.71$8,066
Oct 202002,53736.972.48$6,288
Sep 202002,94537.091.99$5,864
Aug 202002,89139.982.39$6,895
Jul 202003,04238.371.83$5,552
Jun 202003,03234.901.69$5,125
May 202003,14416.921.81$5,706
Apr 202002,98514.751.80$5,386
Mar 202003,29630.341.86$6,118
Feb 202003,01449.881.98$5,970
Jan 202003,21357.252.09$6,730
Dec 201903,31059.012.30$7,627
Nov 201902,93255.302.75$8,065
Oct 201903,07153.472.42$7,427
Sep 201903,09955.052.66$8,235
Aug 201902,90553.112.30$6,694
Jul 201903,00756.272.46$7,397
Jun 201902,95752.782.49$7,366
May 201903,07958.482.74$8,437
Apr 201903,00562.632.75$8,266
Mar 201903,26856.803.06$10,007
Feb 201903,39550.852.79$9,480
Jan 201902,10646.033.23$6,799
Dec 201803,52146.594.19$14,737
Nov 201803,66752.934.24$15,538
Oct 201803,24861.443.40$11,037
Sep 201802,44659.543.11$7,602
Aug 201803,15259.403.07$9,666
Jul 201802,72165.142.93$7,978
Jun 201803,41760.183.08$10,514
May 201804,54165.382.90$13,173
Apr 201803,90163.842.90$11,316
Mar 201804,88161.222.79$13,603
Feb 201803,52461.782.77$9,748
Jan 201804,25862.874.01$17,072
Dec 201704,54357.272.92$13,272
Nov 201704,47055.423.12$13,939
Oct 201704,89949.292.98$14,617
Sep 201704,33847.523.09$13,393
Aug 201704,39545.373.00$13,204
Jul 201704,71643.873.09$14,560
Jun 201704,85242.493.09$14,979
May 201705,69145.373.26$18,572
Apr 201703,96147.933.21$12,721
Mar 201703,47346.772.98$10,362
Feb 201704,76950.452.95$14,081
Jan 201706,24949.413.42$21,364
Dec 201606,39548.763.72$23,808
Nov 201606,63442.492.64$17,543
Oct 201602,57446.193.09$7,954
Sep 201606,63341.553.10$20,566
Aug 201605,49841.442.92$16,078
Jul 201606,73641.622.92$19,698
Jun 201606,73845.352.69$18,097
May 201604,99142.521.99$9,937
Apr 201608,12436.561.99$16,175
Mar 201606,14133.011.79$11,017
Feb 201605,65626.472.06$11,672
Jan 201605,30527.352.36$12,543
Dec 2015010,86032.362.00$21,735
Nov 201502,34038.792.17$5,072
Oct 201507,07043.552.43$17,156
Sep 201528,93542.992.76$24,732
Aug 2015011,19540.162.87$32,158
Jul 201507,45148.152.95$21,944
Jun 201509,82156.152.88$28,313
May 201508,62555.212.96$25,491
Apr 201504,03849.822.71$10,929
Mar 201509,10342.892.93$26,715
Feb 201501,91444.662.98$5,696
Jan 201502,32343.433.10$7,203
Dec 201404,25554.693.59$15,281
Nov 201407,84770.464.25$33,364
Oct 201406,55378.303.90$25,563
Sep 2014010,88486.164.05$44,031
Aug 2014010,31989.394.04$41,638
Jul 201408,91096.564.18$37,240
Jun 201407,96398.164.74$37,720
May 201407,95394.734.73$37,590
Apr 201408,21295.944.81$39,492
Mar 201409,15495.895.06$46,290
Feb 2014010,74997.406.19$66,558
Jan 201408,57890.404.86$41,695
Dec 2013013,33091.824.35$58,045
Nov 2013410,81888.853.74$40,796
Oct 2013012,39697.423.78$46,849
Sep 2013011,374104.113.72$42,286
Aug 2013015,360104.253.52$54,107
Jul 2013017,860102.523.72$66,399
Jun 2013026,41194.403.93$103,885
May 201309,94194.834.15$41,246
Apr 201302,67393.964.28$11,447
Mar 201306,72393.623.91$26,306
Feb 201308,09091.233.42$27,667
Jan 2013010,48491.603.42$35,854
Dec 2012015,02686.773.42$51,391
Nov 2012012,47386.953.62$45,214
Oct 2012013,54289.383.40$46,038
Sep 2012014,12294.672.92$41,214
Aug 2012015,24992.662.91$44,347
Jul 2012016,11985.133.02$48,692
Jun 2012016,51379.822.52$41,597
May 2012013,40991.612.49$33,366
Apr 2012028,080101.652.00$56,070
Mar 2012022,499105.052.22$49,995
Feb 2012038,150101.102.57$98,055
Jan 2012022,00198.092.73$60,152
Dec 2011034,48696.873.24$111,726
Nov 2011041,62495.723.31$137,829
Oct 2011045,22284.983.65$164,994
Sep 2011035,07783.623.99$139,810
Aug 2011051,05083.404.15$211,823
Jul 2011064,82194.144.52$292,812
Jun 2011020,17992.904.64$93,628
May 2011037,68498.134.40$165,991
Apr 2011042,236105.964.33$183,020
Mar 2011048,09996.364.06$195,154
Feb 2011020,39185.644.18$85,234
Jan 2011050,04586.504.59$229,646
Dec 2010045,21385.734.35$196,575
Nov 2010053,24180.843.80$202,067
Oct 2010052,76678.103.51$185,150
Sep 2010072,18772.633.98$287,266
Aug 2010077,03073.684.42$340,423
Jul 20100100,76172.554.74$477,253
Jun 20100129,15370.364.91$634,193
May 20100210,47471.124.24$891,404
Apr 2010013,27281.694.12$54,716

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                1,650 Mcf  × $  3.05 =     $5,026

────────────────────────────────────────────────────
Month total                                   $5,026

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/261013 is the state's own key, not one this site invented.