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 265160District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesGasSaveExport
Value, all time
$9.9 M
Jul 2011 – May 2026
Value, last 12 filed months
$55 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 Gas112012-11-26207879
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
GasProduction2,951,194 Mcf$9,934,231
Total$9,934,231

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 31.4039, -96.2369. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.40390, -96.23689 · 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
14,311 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 14,311 ft.

Completions filed
Jul 2011
1 of 1 wells

1 well

42-2893193257HR14,311 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 202658106.413.05$177
Apr 202668198.932.87$1,954
Mar 20261,30089.753.15$4,094
Feb 20261,30063.503.75$4,875
Jan 202616059.138.00$1,280
Dec 20252,41456.664.41$10,654
Nov 202547258.593.93$1,853
Oct 20251,86859.383.30$6,173
Sep 20252,39462.743.08$7,366
Aug 20253,85663.933.01$11,625
Jul 202543766.743.32$1,449
Jun 20251,10166.483.13$3,445
May 20252,50560.553.23$8,097
Apr 20251,30762.363.54$4,631
Mar 202556767.704.27$2,420
Feb 20251,75370.884.34$7,609
Jan 202516574.324.28$706
Dec 20241,08468.993.12$3,384
Nov 202436969.052.20$811
Oct 20241,22771.372.28$2,799
Sep 20242,15369.612.36$5,090
Aug 202477475.632.06$1,597
Jul 202448379.932.15$1,037
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 202452784.451.66$874
Mar 20243,97680.301.55$6,143
Feb 20244,28776.091.78$7,646
Jan 20243,83573.023.30$12,647
Dec 202384571.262.61$2,206
Nov 20239377.892.81$261
Oct 20234,83785.443.09$14,933
Sep 2023989.042.74$25
Aug 202344380.522.67$1,184
Jul 202337074.852.64$977
Jun 20232,09868.962.26$4,738
May 202388270.622.23$1,965
Apr 202334778.122.24$777
Mar 20235,08972.852.39$12,179
Feb 202329275.112.47$720
Jan 20234,57376.533.39$15,492
Dec 202275676.415.73$4,331
Nov 202243585.005.65$2,456
Oct 202238787.185.86$2,269
Sep 2022084.888.16$0
Aug 202266094.529.13$6,024
Jul 20220101.587.54$0
Jun 20224,880115.097.98$38,929
May 20221,214109.378.43$10,238
Apr 202221104.226.84$144
Mar 20221,603108.885.08$8,137
Feb 20224,14791.054.86$20,150
Jan 202271181.844.54$3,226
Dec 202115171.323.90$589
Nov 20211,68677.435.24$8,829
Oct 20213,21979.795.71$18,393
Sep 20212,86069.865.35$15,304
Aug 20214,06966.024.22$17,174
Jul 20214,61870.783.98$18,389
Jun 202111769.493.38$396
May 20211,69163.483.02$5,103
Apr 20213,22460.362.76$8,893
Mar 20214,61461.302.72$12,536
Feb 20216,04057.805.55$33,510
Jan 202154650.412.81$1,534
Dec 20205,49744.642.68$14,707
Nov 20203,06238.772.71$8,288
Oct 20205,04536.972.48$12,504
Sep 202039437.091.99$784
Aug 20201,75439.982.39$4,183
Jul 20204,21838.371.83$7,698
Jun 20201,65834.901.69$2,803
May 20204,61116.921.81$8,368
Apr 202043314.751.80$781
Mar 20205,07730.341.86$9,424
Feb 20203,80349.881.98$7,532
Jan 20201,38057.252.09$2,891
Dec 20194,56559.012.30$10,519
Nov 20191,11855.302.75$3,075
Oct 20195,42853.472.42$13,128
Sep 2019055.052.66$0
Aug 20195,32753.112.30$12,275
Jul 20193,94456.272.46$9,702
Jun 20193,33552.782.49$8,308
May 20195,75358.482.74$15,765
Apr 20192,51862.632.75$6,926
Mar 20193,94256.803.06$12,071
Feb 2019050.852.79$0
Jan 20194,29446.033.23$13,862
Dec 20185,31546.594.19$22,246
Nov 20186,50652.934.24$27,567
Oct 201873861.443.40$2,508
Sep 20183,65359.543.11$11,354
Aug 20184,94059.403.07$15,149
Jul 20186,47865.142.93$18,993
Jun 20182,79960.183.08$8,612
May 20182,29965.382.90$6,669
Apr 20181,54563.842.90$4,482
Mar 20181,76461.222.79$4,916
Feb 20182,37461.782.77$6,567
Jan 20186,65462.874.01$26,678
Dec 20171,04057.272.92$3,038
Nov 20177,07455.423.12$22,059
Oct 201756649.292.98$1,689
Sep 20175,49147.523.09$16,952
Aug 20172645.373.00$78
Jul 20172,00743.873.09$6,196
Jun 20177,60842.493.09$23,488
May 20175,98545.373.26$19,531
Apr 20171,86547.933.21$5,990
Mar 201710,08546.772.98$30,090
Feb 20175,22850.452.95$15,436
Jan 20172,29949.413.42$7,860
Dec 20162,84648.763.72$10,595
Nov 20164,30942.492.64$11,395
Oct 20168,69346.193.09$26,864
Sep 20161,66241.553.10$5,153
Aug 20169,08441.442.92$26,565
Jul 20163,03841.622.92$8,884
Jun 20165,86745.352.69$15,758
May 20166,71542.521.99$13,370
Apr 20163,58436.561.99$7,136
Mar 20165,55533.011.79$9,966
Feb 20169,27626.472.06$19,142
Jan 20164,05627.352.36$9,590
Dec 2015032.362.00$0
Nov 20156,22638.792.17$13,494
Oct 201511,06543.552.43$26,850
Sep 201511,72842.992.76$32,351
Aug 201513,88640.162.87$39,887
Jul 20157,74648.152.95$22,813
Jun 201510,08956.152.88$29,085
May 20156,65555.212.96$19,669
Apr 201514,47749.822.71$39,183
Mar 20152,67742.892.93$7,856
Feb 201510,18944.662.98$30,324
Jan 201511,20343.433.10$34,736
Dec 201410,10354.693.59$36,284
Nov 201412,82870.464.25$54,543
Oct 20146,51978.303.90$25,430
Sep 201413,11186.164.05$53,040
Aug 201417,11489.394.04$69,057
Jul 20141,16496.564.18$4,865
Jun 201415,46998.164.74$73,275
May 201415,73794.734.73$74,382
Apr 201414,35095.944.81$69,011
Mar 201418,75495.895.06$94,835
Feb 201418,97097.406.19$117,462
Jan 201414,09990.404.86$68,531
Dec 201325,26891.824.35$110,029
Nov 20138,42388.853.74$31,488
Oct 201317,02497.423.78$64,340
Sep 201321,546104.113.72$80,102
Aug 201323,308104.253.52$82,105
Jul 201324,994102.523.72$92,921
Jun 201325,44094.403.93$100,066
May 201331,77794.834.15$131,845
Apr 201334,02893.964.28$145,728
Mar 201334,69993.623.91$135,773
Feb 201337,71491.233.42$128,978
Jan 201347,48891.603.42$162,405
Dec 201252,06786.773.42$178,077
Nov 201258,31786.953.62$211,397
Oct 201238,74589.383.40$131,721
Sep 201243,40494.672.92$126,670
Aug 201256,44292.662.91$164,142
Jul 201268,35585.133.02$206,487
Jun 201275,67579.822.52$190,628
May 201287,16991.612.49$216,904
Apr 2012100,434101.652.00$200,547
Mar 2012114,590105.052.22$254,628
Feb 2012116,934101.102.57$300,548
Jan 2012151,28498.092.73$413,623
Dec 2011173,03896.873.24$560,598
Nov 2011133,45695.723.31$441,910
Oct 2011196,74384.983.65$717,825
Sep 2011237,17383.623.99$945,324
Aug 2011233,11783.404.15$967,277
Jul 201173,62394.144.52$332,573

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                   58 Mcf  × $  3.05 =       $177

────────────────────────────────────────────────────
Month total                                     $177

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/265160 is the state's own key, not one this site invented.