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GAIL KING

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 287521District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesGasSaveExport
Value, all time
$7.1 M
Jun 2019 – May 2026
Value, last 12 filed months
$641 k
at the published price for each month
Months reported
84
no gaps in the span
Streams
1
gas

The BEAR GRASS (COTTON VALLEY CONS) field

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
NGPA1none——
ST-1112021-03-03228583

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
GasProduction1,722,439 Mcf$7,138,558
Total$7,138,558

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 31.3937, -96.2316. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.39373, -96.23164 · 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
13,040 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 13,040 ft.

Completions filed
Dec 2020
1 of 1 wells

1 well

42-2893217570H13,040 ftDec 2020——

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 (84)

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

84 months

May 202612,701106.413.05$38,685
Apr 202612,04598.932.87$34,566
Mar 202612,81289.753.15$40,351
Feb 202611,46063.503.75$42,979
Jan 202614,40759.138.00$115,226
Dec 202514,92456.664.41$65,865
Nov 202514,75058.593.93$57,915
Oct 202515,40559.383.30$50,911
Sep 202514,56762.743.08$44,821
Aug 202516,36863.933.01$49,346
Jul 202516,21066.743.32$53,739
Jun 202514,77066.483.13$46,211
May 202515,81160.553.23$51,106
Apr 202515,77962.363.54$55,907
Mar 202516,07067.704.27$68,592
Feb 202514,75370.884.34$64,040
Jan 20257,71274.324.28$32,997
Dec 202411,23068.993.12$35,053
Nov 202411,14069.052.20$24,491
Oct 202411,18971.372.28$25,527
Sep 202411,58869.612.36$27,398
Aug 202412,08275.632.06$24,933
Jul 202412,89079.932.15$27,670
Jun 202411,58078.082.63$30,501
May 202412,99578.812.20$28,569
Apr 202412,58584.451.66$20,881
Mar 202414,36380.301.55$22,193
Feb 202413,52976.091.78$24,131
Jan 202414,91873.023.30$49,194
Dec 202314,93571.262.61$38,991
Nov 202315,48877.892.81$43,483
Oct 202316,34885.443.09$50,471
Sep 202316,48789.042.74$45,093
Aug 202318,24580.522.67$48,767
Jul 202317,96574.852.64$47,460
Jun 202318,47168.962.26$41,716
May 202321,02970.622.23$46,840
Apr 202320,16178.122.24$45,115
Mar 202321,06472.852.39$50,410
Feb 202321,34275.112.47$52,623
Jan 202323,51276.533.39$79,652
Dec 202224,07876.415.73$137,945
Nov 202227,02185.005.65$152,566
Oct 202230,58187.185.86$179,320
Sep 202231,84484.888.16$259,964
Aug 202236,06594.529.13$329,171
Jul 202239,334101.587.54$296,660
Jun 202235,143115.097.98$280,343
May 202229,240109.378.43$246,582
Apr 202229,628104.226.84$202,584
Mar 202231,686108.885.08$160,851
Feb 202230,76191.054.86$149,463
Jan 202234,59581.844.54$156,981
Dec 202136,79671.323.90$143,472
Nov 202139,01177.435.24$204,295
Oct 202137,76879.795.71$215,801
Sep 202131,21469.865.35$167,024
Aug 202138,80566.024.22$163,780
Jul 202140,03870.783.98$159,435
Jun 202152,15469.493.38$176,313
May 202166,13363.483.02$199,568
Apr 202188,43360.362.76$243,935
Mar 2021109,21261.302.72$296,722
Feb 202189,97957.805.55$499,199
Jan 202189,04650.412.81$250,243
Dec 20208,19444.642.68$21,923
Nov 2020038.772.71$0
Oct 2020036.972.48$0
Sep 2020037.091.99$0
Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 2020034.901.69$0
May 2020016.921.81$0
Apr 2020014.751.80$0
Mar 2020030.341.86$0
Feb 2020049.881.98$0
Jan 2020057.252.09$0
Dec 2019059.012.30$0
Nov 2019055.302.75$0
Oct 2019053.472.42$0
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 2019056.272.46$0
Jun 2019052.782.49$0

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               12,701 Mcf  × $  3.05 =    $38,685

────────────────────────────────────────────────────
Month total                                  $38,685

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/287521 is the state's own key, not one this site invented.