MILSTEAD GAS UNIT

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the BALD PRAIRIE (CV CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 266345District 05Field 05189550Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.0 M
Jul 2012 – May 2026
Value, last 12 filed months
$111 k
at the published price for each month
Months reported
167
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 868 leases and 868 wells, and the rule below applies to all of them.

Discovered
2001-02-22
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 2011-03-08.

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: PER DOCKET 05-0268631 EFFECTIVE 03/08/2011, AMENDED RULE 2 TO

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 Gas112013-03-21209236
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
CondensateDisposition1 bbl$43
GasProduction887,842 Mcf$3,044,573
Total$3,044,616

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 31.1898, -96.4373. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.18978, -96.43728 · 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
13,543 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 13,543 ft.

Completions filed
Jul 2012
1 of 1 wells

1 well

42-39531796913,543 ftJul 2012

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 (167)

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

167 months

May 202602,508106.413.05$7,639
Apr 202602,63998.932.87$7,573
Mar 202602,73789.753.15$8,620
Feb 202601,71063.503.75$6,413
Jan 202601,31159.138.00$10,485
Dec 202501,57456.664.41$6,947
Nov 202502,47358.593.93$9,710
Oct 202503,73759.383.30$12,350
Sep 202503,04062.743.08$9,354
Aug 202503,24263.933.01$9,774
Jul 202503,50566.743.32$11,620
Jun 202503,51766.483.13$11,004
May 202503,39660.553.23$10,977
Apr 202503,43662.363.54$12,174
Mar 202502,89567.704.27$12,357
Feb 202503,08470.884.34$13,387
Jan 202503,78574.324.28$16,195
Dec 202404,61468.993.12$14,402
Nov 202404,02269.052.20$8,842
Oct 202405,28471.372.28$12,055
Sep 202405,14669.612.36$12,167
Aug 202404,97575.632.06$10,267
Jul 202406,33879.932.15$13,605
Jun 202406,83078.082.63$17,990
May 202408,92978.812.20$19,630
Apr 202401,92884.451.66$3,199
Mar 2024044080.301.55$680
Feb 2024071776.091.78$1,279
Jan 2024089173.023.30$2,938
Dec 2023043771.262.61$1,141
Nov 2023050277.892.81$1,409
Oct 2023042785.443.09$1,318
Sep 2023032189.042.74$878
Aug 2023021980.522.67$585
Jul 2023054374.852.64$1,435
Jun 2023058268.962.26$1,314
May 2023057970.622.23$1,290
Apr 2023072678.122.24$1,625
Mar 202302,32772.852.39$5,569
Feb 202303,39175.112.47$8,361
Jan 202303,88276.533.39$13,151
Dec 202204,04976.415.73$23,197
Nov 202203,83485.005.65$21,648
Oct 202203,33787.185.86$19,567
Sep 202204,25484.888.16$34,728
Aug 202203,60594.529.13$32,903
Jul 202203,852101.587.54$29,052
Jun 202203,627115.097.98$28,933
May 202204,388109.378.43$37,004
Apr 202203,099104.226.84$21,190
Mar 202202,335108.885.08$11,853
Feb 202203,18791.054.86$15,485
Jan 202203,89681.844.54$17,679
Dec 202102,40571.323.90$9,377
Nov 202103,49077.435.24$18,277
Oct 202103,60379.795.71$20,587
Sep 202103,88069.865.35$20,762
Aug 202103,69866.024.22$15,608
Jul 202103,65770.783.98$14,562
Jun 202103,66469.493.38$12,387
May 202103,50363.483.02$10,571
Apr 202102,89160.362.76$7,975
Mar 202103,15661.302.72$8,575
Feb 202101,97657.805.55$10,963
Jan 202102,89450.412.81$8,133
Dec 202003,57644.642.68$9,567
Nov 202003,37838.772.71$9,143
Oct 202003,75236.972.48$9,299
Sep 202003,60537.091.99$7,178
Aug 202003,83639.982.39$9,149
Jul 202003,84338.371.83$7,014
Jun 202003,79934.901.69$6,421
May 202003,90416.921.81$7,085
Apr 202004,03814.751.80$7,286
Mar 202004,37030.341.86$8,112
Feb 202003,81949.881.98$7,564
Jan 202004,91057.252.09$10,285
Dec 201904,30059.012.30$9,909
Nov 201904,05155.302.75$11,143
Oct 201904,01853.472.42$9,718
Sep 201903,99955.052.66$10,626
Aug 201904,20953.112.30$9,699
Jul 201904,37056.272.46$10,750
Jun 201905,05252.782.49$12,586
May 201904,17158.482.74$11,430
Apr 201903,71662.632.75$10,222
Mar 201903,69056.803.06$11,299
Feb 201903,84050.852.79$10,722
Jan 201904,25946.033.23$13,749
Dec 201804,32546.594.19$18,102
Nov 201804,29252.934.24$18,186
Oct 201804,65561.443.40$15,818
Sep 201804,71959.543.11$14,667
Aug 201805,13859.403.07$15,756
Jul 201805,76465.142.93$16,899
Jun 201806,89160.183.08$21,203
May 2018096665.382.90$2,802
Apr 201801,30863.842.90$3,794
Mar 201801,24761.222.79$3,475
Feb 201802,04461.782.77$5,654
Jan 201803,11862.874.01$12,501
Dec 201704,94657.272.92$14,450
Nov 201704,81955.423.12$15,027
Oct 201704,93749.292.98$14,730
Sep 201704,47747.523.09$13,822
Aug 201705,20945.373.00$15,650
Jul 201704,56243.873.09$14,084
Jun 201704,65842.493.09$14,381
May 201704,43445.373.26$14,470
Apr 201703,08847.933.21$9,917
Mar 201704,45346.772.98$13,286
Feb 201704,33050.452.95$12,785
Jan 201705,42749.413.42$18,554
Dec 201605,57748.763.72$20,762
Nov 201605,24142.492.64$13,859
Oct 201606,07346.193.09$18,767
Sep 201605,13241.553.10$15,912
Aug 201605,17741.442.92$15,139
Jul 201605,13441.622.92$15,014
Jun 201605,61145.352.69$15,070
May 201606,29842.521.99$12,540
Apr 201606,97436.561.99$13,886
Mar 201607,27433.011.79$13,050
Feb 201605,91426.472.06$12,204
Jan 201606,76027.352.36$15,983
Dec 201505,26832.362.00$10,543
Nov 201506,04838.792.17$13,108
Oct 201506,50443.552.43$15,782
Sep 201516,49742.992.76$17,964
Aug 201506,92640.162.87$19,895
Jul 201506,42348.152.95$18,916
Jun 201506,72956.152.88$19,399
May 201507,08555.212.96$20,939
Apr 201507,27349.822.71$19,685
Mar 201507,57842.892.93$22,239
Feb 201506,89644.662.98$20,524
Jan 201507,81643.433.10$24,235
Dec 201408,11254.693.59$29,133
Nov 201407,41370.464.25$31,519
Oct 201409,46178.303.90$36,907
Sep 201409,89286.164.05$40,017
Aug 2014010,63289.394.04$42,901
Jul 201406,70296.564.18$28,012
Jun 201402,82698.164.74$13,386
May 201404,28094.734.73$20,230
Apr 2014010,03295.944.81$48,245
Mar 201408,25595.895.06$41,744
Feb 201409,55097.406.19$59,134
Jan 201409,83590.404.86$47,805
Dec 201307,90291.824.35$34,409
Nov 201307,65088.853.74$28,598
Oct 201309,47597.423.78$35,809
Sep 201307,853104.113.72$29,195
Aug 201308,346104.253.52$29,400
Jul 201309,215102.523.72$34,259
Jun 201308,88694.403.93$34,952
May 2013011,98694.834.15$49,731
Apr 2013013,75893.964.28$58,920
Mar 2013010,86293.623.91$42,502
Feb 2013010,71291.233.42$36,634
Jan 2013016,01891.603.42$54,780
Dec 2012020,27586.773.42$69,344
Nov 2012017,62786.953.62$63,897
Oct 2012024,34589.383.40$82,765
Sep 2012024,87294.672.92$72,586
Aug 2012035,38092.662.91$102,891
Jul 201202,25185.133.02$6,800

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                2,508 Mcf  × $  3.05 =     $7,639

────────────────────────────────────────────────────
Month total                                   $7,639

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/266345 is the state's own key, not one this site invented.