KING, GAIL

Name: KING, GAIL lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by XTO ENERGY INC. (P-5 945936) 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 74762District 05Field 06476300Hydrogen sulphide fieldNGPA filingCondensateGasSave Export

Value, all time

$2.4 M

Jan 1993 – Jul 2008

Value, last 12 filed months

$191

at the published price for each month

Months reported

187

no gaps in the span

Streams

condensate, 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.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	42 bbl	$883
Gas	Production	1,453,563 Mcf	$2,414,697
Total			$2,415,580

651,898 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 31.3842, -96.2498. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.38420, -96.24981 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

15,147 ft

1 wells filed one

Completion to plug

24.1 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 15,147 ft.

Completions filed

Jul 1977

1 of 1 wells

Plug dates filed

Aug 2001

1 of 1 wells

Last completion to plug: a median of 24.1 years across the 1 well that filed both dates, with the middle half between 24.1 years and 24.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-28930106	1	15,147 ft	Jul 1977	Aug 2001	Yes

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 (187)

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

187 months


Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	2	2	88.33	7.30	$191
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	0	24.66	3.58	$0
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	0	22.00	3.10	$0
Feb 2002	0	0	18.22	2.38	$0
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	0	0	18.07	2.41	$0
Oct 2001	0	0	19.78	2.53	$0
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	10,082	23.93	3.20	$32,233
Jun 2001	0	9,992	24.56	3.82	$38,211
May 2001	0	10,451	25.52	4.31	$45,016
Apr 2001	0	9,495	24.68	5.34	$50,659
Mar 2001	0	9,901	24.54	5.38	$53,232
Feb 2001	0	9,511	27.75	5.77	$54,851
Jan 2001	0	11,052	27.47	8.40	$92,823
Dec 2000	0	10,267	26.88	9.12	$93,661
Nov 2000	0	9,414	32.21	5.66	$53,264
Oct 2000	0	14,612	31.23	5.15	$75,186
Sep 2000	0	14,411	31.87	5.19	$74,743
Aug 2000	0	14,158	29.64	4.54	$64,288
Jul 2000	0	15,881	28.53	4.09	$64,949
Jun 2000	0	14,402	29.30	4.40	$63,329
May 2000	0	14,717	27.26	3.68	$54,155
Apr 2000	0	15,089	24.51	3.12	$47,017
Mar 2000	0	16,950	28.42	2.86	$48,473
Feb 2000	0	15,681	27.62	2.73	$42,754
Jan 2000	0	13,600	25.27	2.48	$33,735
Dec 1999	0	14,469	24.28	2.42	$35,069
Nov 1999	0	13,779	23.19	2.43	$33,538
Oct 1999	0	14,324	20.98	2.80	$40,160
Sep 1999	0	13,294	21.75	2.62	$34,815
Aug 1999	0	13,949	19.26	2.88	$40,112
Jul 1999	0	13,076	17.89	2.37	$31,021
Jun 1999	0	10,994	15.94	2.36	$25,969
May 1999	0	15,548	15.79	2.32	$36,087
Apr 1999	1	13,934	15.10	2.21	$30,782
Mar 1999	0	14,384	12.47	1.84	$26,443
Feb 1999	0	12,822	9.98	1.82	$23,308
Jan 1999	0	14,362	10.38	1.90	$27,287
Dec 1998	0	11,885	9.20	1.77	$21,076
Nov 1998	0	12,769	10.89	2.19	$27,909
Oct 1998	0	14,458	12.42	1.97	$28,471
Sep 1998	0	14,030	12.59	2.08	$29,219
Aug 1998	0	16,191	11.30	1.91	$30,882
Jul 1998	0	14,388	11.74	2.24	$32,190
Jun 1998	0	14,987	11.24	2.24	$33,530
May 1998	0	19,425	12.62	2.21	$42,858
Apr 1998	0	14,504	13.04	2.51	$36,337
Mar 1998	0	16,668	12.80	2.31	$38,494
Feb 1998	0	13,744	13.95	2.30	$31,599
Jan 1998	0	13,872	14.70	2.15	$29,891
Dec 1997	0	16,331	16.32	2.41	$39,376
Nov 1997	0	17,303	18.19	3.09	$53,436
Oct 1997	0	18,107	19.25	3.15	$57,034
Sep 1997	0	16,780	17.74	2.95	$49,583
Aug 1997	0	20,833	17.86	2.55	$53,223
Jul 1997	0	17,150	17.58	2.25	$38,535
Jun 1997	0	22,823	17.24	2.26	$51,516
May 1997	0	18,652	18.97	2.31	$43,058
Apr 1997	0	18,797	17.88	2.08	$39,150
Mar 1997	0	15,910	18.95	1.94	$30,852
Feb 1997	0	17,447	20.49	2.21	$38,486
Jan 1997	0	20,008	23.48	3.54	$70,822
Dec 1996	0	18,875	23.32	—	$0
Nov 1996	0	21,299	21.97	—	$0
Oct 1996	0	28,957	23.31	—	$0
Sep 1996	2	17,780	22.22	—	$44
Aug 1996	1	17,049	20.26	—	$20
Jul 1996	0	6,272	19.55	—	$0
Jun 1996	0	12,145	18.73	—	$0
May 1996	0	13,609	19.43	—	$0
Apr 1996	0	12,078	21.51	—	$0
Mar 1996	0	13,582	19.38	—	$0
Feb 1996	0	12,797	16.98	—	$0
Jan 1996	0	14,142	17.07	—	$0
Dec 1995	0	13,773	17.19	—	$0
Nov 1995	0	14,015	16.00	—	$0
Oct 1995	0	14,015	15.43	—	$0
Sep 1995	0	14,747	16.18	—	$0
Aug 1995	0	14,775	15.92	—	$0
Jul 1995	0	15,256	15.24	—	$0
Jun 1995	0	15,361	16.41	—	$0
May 1995	0	16,552	17.56	—	$0
Apr 1995	0	15,701	17.73	—	$0
Mar 1995	0	16,573	16.44	—	$0
Feb 1995	0	11,816	16.58	—	$0
Jan 1995	0	12,994	15.92	—	$0
Dec 1994	0	12,676	15.03	—	$0
Nov 1994	0	13,181	15.90	—	$0
Oct 1994	0	12,886	15.58	—	$0
Sep 1994	2	13,540	15.29	—	$31
Aug 1994	0	12,233	16.13	—	$0
Jul 1994	0	9,793	17.56	—	$0
Jun 1994	0	10,755	17.09	—	$0
May 1994	0	12,668	15.88	—	$0
Apr 1994	5	13,388	14.14	—	$71
Mar 1994	0	11,663	12.46	—	$0
Feb 1994	0	12,232	12.50	—	$0
Jan 1994	0	10,583	12.66	—	$0
Dec 1993	0	12,716	12.33	—	$0
Nov 1993	0	12,552	14.49	—	$0
Oct 1993	0	11,748	15.85	—	$0
Sep 1993	0	10,889	15.03	—	$0
Aug 1993	0	10,896	15.66	—	$0
Jul 1993	0	11,207	15.46	—	$0
Jun 1993	0	11,395	16.79	—	$0
May 1993	0	12,924	17.68	—	$0
Apr 1993	0	10,613	18.05	—	$0
Mar 1993	27	18,287	18.14	—	$490
Feb 1993	2	5,364	17.90	—	$36
Jan 1993	0	13,546	16.93	—	$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.

Dec 2007 — as filed, then multipliedworked

Condensate             2 bbl  × $ 88.33 =       $177
Gas                    2 Mcf  × $  7.30 =        $15

────────────────────────────────────────────────────
Month total                                     $191

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/74762 is the state's own key, not one this site invented.