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 262451District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesGasSaveExport
Value, all time
$2.5 M
Jul 2011 – May 2026
Value, last 12 filed months
$68 k
at the published price for each month
Months reported
179
no gaps in the span
Streams
1
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 Gas112012-04-12205627
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
GasProduction746,961 Mcf$2,500,580
Total$2,500,580

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 31.3987, -96.2318. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.39872, -96.23185 · 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
14,936 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 14,936 ft.

Completions filed
Jul 2011
1 of 1 wells

1 well

42-289319075714,936 ftJul 2011

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 (179)

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

179 months

May 20262,740106.413.05$8,346
Apr 20262,07598.932.87$5,955
Mar 20261,36989.753.15$4,312
Feb 20261,25463.503.75$4,703
Jan 20261,39159.138.00$11,125
Dec 20251,41256.664.41$6,232
Nov 20251,35858.593.93$5,332
Oct 20251,40859.383.30$4,653
Sep 20251,36762.743.08$4,206
Aug 20251,43363.933.01$4,320
Jul 20251,43666.743.32$4,761
Jun 20251,39166.483.13$4,352
May 20251,42560.553.23$4,606
Apr 20251,35762.363.54$4,808
Mar 20251,30867.704.27$5,583
Feb 202558170.884.34$2,522
Jan 202541274.324.28$1,763
Dec 202420668.993.12$643
Nov 202423069.052.20$506
Oct 202437771.372.28$860
Sep 20241,15869.612.36$2,738
Aug 20241,39075.632.06$2,868
Jul 20241,79979.932.15$3,862
Jun 2024078.082.63$0
May 202493478.812.20$2,053
Apr 20241,07584.451.66$1,784
Mar 20241,18980.301.55$1,837
Feb 20241,16976.091.78$2,085
Jan 20241,86573.023.30$6,150
Dec 20231,76671.262.61$4,611
Nov 20232,00077.892.81$5,615
Oct 20232,04985.443.09$6,326
Sep 20232,03189.042.74$5,555
Aug 20232,11880.522.67$5,661
Jul 20232,11274.852.64$5,579
Jun 20232,08768.962.26$4,713
May 20232,18570.622.23$4,867
Apr 20232,18178.122.24$4,881
Mar 20232,32472.852.39$5,562
Feb 20231,82875.112.47$4,507
Jan 20232,32776.533.39$7,883
Dec 20222,31076.415.73$13,234
Nov 20222,26685.005.65$12,794
Oct 20222,31487.185.86$13,569
Sep 20222,38284.888.16$19,446
Aug 20222,40694.529.13$21,960
Jul 20222,498101.587.54$18,840
Jun 20222,358115.097.98$18,810
May 20222,099109.378.43$17,701
Apr 20222,775104.226.84$18,974
Mar 20222,379108.885.08$12,077
Feb 20221,96091.054.86$9,523
Jan 20222,51981.844.54$11,430
Dec 20212,27271.323.90$8,859
Nov 20212,50977.435.24$13,139
Oct 20212,61979.795.71$14,965
Sep 20212,59969.865.35$13,907
Aug 20212,77466.024.22$11,708
Jul 20212,85470.783.98$11,365
Jun 20212,83069.493.38$9,567
May 20212,95563.483.02$8,917
Apr 20212,84760.362.76$7,853
Mar 20213,34961.302.72$9,099
Feb 20212,52657.805.55$14,014
Jan 20213,86950.412.81$10,873
Dec 20204,45044.642.68$11,906
Nov 2020038.772.71$0
Oct 20201,81636.972.48$4,501
Sep 20203,15137.091.99$6,274
Aug 20203,28639.982.39$7,837
Jul 20203,23138.371.83$5,897
Jun 20203,15634.901.69$5,335
May 20203,21216.921.81$5,829
Apr 20203,18114.751.80$5,740
Mar 20203,33430.341.86$6,189
Feb 20203,19949.881.98$6,336
Jan 20203,45357.252.09$7,233
Dec 20193,56759.012.30$8,220
Nov 20193,50555.302.75$9,641
Oct 20193,79953.472.42$9,188
Sep 20193,30855.052.66$8,790
Aug 20193,95153.112.30$9,105
Jul 20194,27056.272.46$10,504
Jun 20194,70552.782.49$11,721
May 20194,79358.482.74$13,134
Apr 20194,60662.632.75$12,670
Mar 20193,52856.803.06$10,803
Feb 201979450.852.79$2,217
Jan 20192,56246.033.23$8,271
Dec 20182,44046.594.19$10,212
Nov 20183,05252.934.24$12,932
Oct 20181,10961.443.40$3,768
Sep 20182,12959.543.11$6,617
Aug 20182,26059.403.07$6,930
Jul 20182,28665.142.93$6,702
Jun 20182,17360.183.08$6,686
May 20182,25365.382.90$6,536
Apr 20182,20063.842.90$6,382
Mar 20182,32961.222.79$6,491
Feb 20182,13061.782.77$5,892
Jan 20182,48562.874.01$9,963
Dec 20172,39657.272.92$7,000
Nov 20172,64055.423.12$8,232
Oct 20171,49649.292.98$4,464
Sep 20171,96747.523.09$6,073
Aug 20172,46845.373.00$7,415
Jul 20172,60843.873.09$8,052
Jun 20172,38942.493.09$7,376
May 20172,41545.373.26$7,881
Apr 20172,36147.933.21$7,583
Mar 20172,41146.772.98$7,194
Feb 20173,00750.452.95$8,878
Jan 20174,81649.413.42$16,465
Dec 20162,67548.763.72$9,959
Nov 20162,55642.492.64$6,759
Oct 20163,18846.193.09$9,852
Sep 20163,08941.553.10$9,578
Aug 20162,98641.442.92$8,732
Jul 20163,05041.622.92$8,919
Jun 20162,55145.352.69$6,852
May 20162,45142.521.99$4,880
Apr 20162,51136.561.99$5,000
Mar 20162,84633.011.79$5,106
Feb 20161,98526.472.06$4,096
Jan 20162,45327.352.36$5,800
Dec 20152,98132.362.00$5,966
Nov 20153,22338.792.17$6,985
Oct 20153,46643.552.43$8,411
Sep 20153,59142.992.76$9,905
Aug 20154,90840.162.87$14,098
Jul 20153,70148.152.95$10,900
Jun 20154,09056.152.88$11,791
May 20152,02055.212.96$5,970
Apr 20153,77549.822.71$10,217
Mar 20153,94842.892.93$11,586
Feb 20154,42444.662.98$13,167
Jan 20156,28043.433.10$19,472
Dec 20144,19454.693.59$15,062
Nov 20144,21570.464.25$17,922
Oct 20144,52778.303.90$17,660
Sep 20144,54186.164.05$18,370
Aug 20144,62289.394.04$18,650
Jul 20144,50696.564.18$18,833
Jun 20144,44698.164.74$21,060
May 20144,72894.734.73$22,347
Apr 20144,61395.944.81$22,184
Mar 20144,20795.895.06$21,274
Feb 20144,34997.406.19$26,929
Jan 20145,09290.404.86$24,751
Dec 20135,49591.824.35$23,928
Nov 20134,28788.853.74$16,026
Oct 20135,62197.423.78$21,244
Sep 20135,780104.113.72$21,489
Aug 20136,317104.253.52$22,252
Jul 20136,695102.523.72$24,890
Jun 20136,73694.403.93$26,495
May 20137,09894.834.15$29,450
Apr 20137,04093.964.28$30,149
Mar 20137,36193.623.91$28,803
Feb 20137,12491.233.42$24,363
Jan 20138,12091.603.42$27,770
Dec 20128,80386.773.42$30,108
Nov 20129,28186.953.62$33,643
Oct 201211,33289.383.40$38,525
Sep 201211,79694.672.92$34,425
Aug 201213,22592.662.91$38,460
Jul 201214,48985.133.02$43,768
Jun 201215,83679.822.52$39,892
May 201216,80791.612.49$41,821
Apr 201215,395101.652.00$30,741
Mar 201216,885105.052.22$37,520
Feb 201214,411101.102.57$37,040
Jan 201217,94398.092.73$49,058
Dec 201121,03996.873.24$68,161
Nov 201119,56995.723.31$64,798
Oct 201114,84784.983.65$54,170
Sep 201125,17483.623.99$100,339
Aug 201128,40083.404.15$117,841
Jul 20112,20494.144.52$9,956

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
Gas                2,740 Mcf  × $  3.05 =     $8,346

────────────────────────────────────────────────────
Month total                                   $8,346

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/262451 is the state's own key, not one this site invented.