KEY, HOBART

Operated by KING OPERATING CORPORATION (P-5 465296) in the GOOCH (PETTIT) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 5981District 06Field 35730500OilCasinghead gasSaveExport
Value, all time
$1.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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 24 leases and 25 wells, and the rule below applies to all of them.

Discovered
1975-09-29
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,320 ft
minimum
From a lease line
660 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1998-08-01.

The Commission's schedule remark for this field reads: ALLOCATION FORMULA EFFECTIVE 08/01/98.

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
OilDisposition36,070 bbl$1,596,957
Casinghead gasProduction107,550 Mcf$347,097
Total$1,944,054

23,710 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 32.6543, -94.4543. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.65428, -94.45429 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
6,950 ft
1 wells filed one
Completion to plug
48.2 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 6,950 ft.

Completions filed
Jun 1977
1 of 1 wells
Plug dates filed
Aug 2025
1 of 1 wells

Last completion to plug: a median of 48.2 years across the 1 well that filed both dates, with the middle half between 48.2 years and 48.2 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2033027716,950 ftJun 1977Aug 2025Yes

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 2021164069.865.35$11,457
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 202056044.642.68$2,500
Nov 20201597938.772.71$6,378
Oct 20200036.972.48$0
Sep 2020152037.091.99$5,638
Aug 2020163039.982.39$6,517
Jul 2020169038.371.83$6,485
Jun 2020175034.901.69$6,108
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 2020165030.341.86$5,006
Feb 202073049.881.98$3,641
Jan 20200057.252.09$0
Dec 201989059.012.30$5,252
Nov 2019184055.302.75$10,175
Oct 2019195053.472.42$10,427
Sep 20190055.052.66$0
Aug 2019192053.112.30$10,197
Jul 2019163056.272.46$9,172
Jun 20190052.782.49$0
May 2019173058.482.74$10,117
Apr 2019163062.632.75$10,209
Mar 20190056.803.06$0
Feb 2019182050.852.79$9,255
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 2018109052.934.24$5,769
Oct 2018326061.443.40$20,029
Sep 20180059.543.11$0
Aug 2018182059.403.07$10,811
Jul 20180065.142.93$0
Jun 2018169060.183.08$10,170
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 2018185061.222.79$11,326
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 2017164057.272.92$9,392
Nov 2017190055.423.12$10,530
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 2017323045.373.00$14,655
Jul 20170043.873.09$0
Jun 2017177042.493.09$7,521
May 2017169045.373.26$7,668
Apr 20170047.933.21$0
Mar 2017171046.772.98$7,998
Feb 20170050.452.95$0
Jan 2017169049.413.42$8,350
Dec 2016184048.763.72$8,972
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 2016167041.553.10$6,939
Aug 20160041.442.92$0
Jul 2016181041.622.92$7,533
Jun 2016168045.352.69$7,619
May 2016182042.521.99$7,739
Apr 20160036.561.99$0
Mar 2016182033.011.79$6,008
Feb 2016183026.472.06$4,844
Jan 20160027.352.36$0
Dec 2015171032.362.00$5,534
Nov 20150038.792.17$0
Oct 2015162043.552.43$7,055
Sep 2015167042.992.76$7,179
Aug 2015130040.162.87$5,221
Jul 2015338048.152.95$16,275
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 2015117249.822.71$515
Mar 201518318642.892.93$8,395
Feb 2015010644.662.98$315
Jan 201517125143.433.10$8,205
Dec 201416322354.693.59$9,715
Nov 2014021570.464.25$914
Oct 201417825578.303.90$14,932
Sep 2014025386.164.05$1,024
Aug 201417923789.394.04$16,957
Jul 201418626396.564.18$19,059
Jun 201417223798.164.74$18,006
May 2014027094.734.73$1,276
Apr 201418924195.944.81$19,292
Mar 2014021295.895.06$1,072
Feb 201418923097.406.19$19,833
Jan 2014025090.404.86$1,215
Dec 201318924691.824.35$18,425
Nov 201319020988.853.74$17,663
Oct 2013023697.423.78$892
Sep 2013191240104.113.72$20,777
Aug 20130295104.253.52$1,039
Jul 201318086102.523.72$18,773
Jun 2013023894.403.93$936
May 2013026294.834.15$1,087
Apr 201319827193.964.28$19,765
Mar 201317625193.623.91$17,459
Feb 201319119491.233.42$18,088
Jan 2013021591.603.42$735
Dec 2012026686.773.42$910
Nov 201214524086.953.62$13,478
Oct 201218926189.383.40$17,780
Sep 2012020194.672.92$587
Aug 201217824292.662.91$17,197
Jul 20120085.133.02$0
Jun 2012180079.822.52$14,368
May 201205291.612.49$129
Apr 2012187265101.652.00$19,538
Mar 2012178207105.052.22$19,159
Feb 20120225101.102.57$578
Jan 201217822898.092.73$18,083
Dec 201118926196.873.24$19,154
Nov 201118220895.723.31$18,110
Oct 2011025684.983.65$934
Sep 201119225883.623.99$17,083
Aug 201118323383.404.15$16,229
Jul 2011027994.144.52$1,260
Jun 201118129592.904.64$18,184
May 201117825698.134.40$18,595
Apr 20110268105.964.33$1,161
Mar 201117625696.364.06$17,998
Feb 201118926085.644.18$17,273
Jan 2011026286.504.59$1,202
Dec 201018527085.734.35$17,034
Nov 201014424480.843.80$12,567
Oct 2010025278.103.51$884
Sep 201018828372.633.98$14,781
Aug 201018431173.684.42$14,932
Jul 2010026672.554.74$1,260
Jun 201018527970.364.91$14,387
May 201018923371.124.24$14,428
Apr 2010026081.694.12$1,072
Mar 201017126578.394.39$14,568
Feb 2010026673.585.44$1,448
Jan 201018618074.365.96$14,905
Dec 2009031371.445.48$1,716
Nov 200918924174.593.75$15,002
Oct 2009031372.544.11$1,287
Sep 200917829165.543.06$12,558
Aug 2009028367.423.22$911
Jul 2009023161.133.46$800
Jun 200919332166.163.90$14,019
May 2009030854.743.93$1,209
Apr 200918831946.773.59$9,937
Mar 2009032642.144.06$1,323
Feb 2009028532.814.63$1,320
Jan 200918229035.865.37$8,084
Dec 2008036937.105.98$2,206
Nov 200818425755.496.86$11,973
Oct 2008023675.246.92$1,634
Sep 20080188101.767.88$1,481
Aug 20080268114.228.48$2,273
Jul 2008081131.0811.39$923
Jun 200800131.3313.03$0
May 2008069123.1711.57$799
Apr 2008031110.3110.45$324
Mar 20080212101.909.66$2,049
Feb 2008032692.538.77$2,859
Jan 200818936990.388.21$20,110
Dec 2007025688.337.30$1,869
Nov 2007042691.677.29$3,106
Oct 200718935582.856.92$18,116
Sep 2007033375.846.24$2,079
Aug 2007036369.066.39$2,319
Jul 2007033170.906.39$2,114
Jun 200718337862.007.55$14,199
May 2007034658.747.85$2,715
Apr 2007022859.617.81$1,780
Mar 200709356.927.30$679
Feb 200709955.108.22$813
Jan 200719024750.306.73$11,219
Dec 200618943656.656.92$13,723
Nov 2006029454.207.62$2,240
Oct 200618716454.906.01$11,253
Sep 2006013560.085.04$680
Aug 2006041068.717.34$3,009
Jul 200618343869.376.34$15,473
Jun 200619320666.286.38$14,107
May 200604366.016.42$276
Apr 2006025764.397.36$1,892
Mar 200618933156.707.08$13,061
Feb 200617429057.597.75$12,268
Jan 200602560.598.93$223
Dec 2005177054.9413.42$9,724
Nov 200516823654.6910.59$11,687
Oct 2005021858.3413.80$3,007
Sep 200517434861.4512.08$14,896
Aug 200517739961.519.80$14,796
Jul 2005036355.697.84$2,847
Jun 200517734952.337.38$11,838
May 200517722745.226.65$9,514
Apr 2005028449.207.36$2,090
Mar 200518038550.377.15$11,821
Feb 200516718445.226.31$8,713
Jan 200517832543.166.32$9,737
Dec 200416431539.866.75$8,664
Nov 2004030845.286.33$1,950
Oct 200417730749.706.52$10,797
Sep 200417830643.245.28$9,314
Aug 2004033642.375.55$1,865
Jul 200417830838.286.08$8,688
Jun 200418436936.106.43$9,016
May 200418136937.486.49$9,180
Apr 200417932634.475.86$8,080
Mar 200418338434.365.53$8,411
Feb 2004030932.455.51$1,702
Jan 200418134732.036.30$7,983
Dec 200317933130.266.30$7,502
Nov 200310331128.804.60$4,395
Oct 200317436528.174.76$6,639
Sep 200318133926.314.75$6,372
Aug 2003034029.765.13$1,744
Jul 200317835229.415.17$7,055
Jun 2003033028.565.98$1,974
May 200334638526.595.97$11,500
Apr 200317735326.675.41$6,629
Mar 200318334231.146.10$7,783
Feb 2003028933.487.93$2,291
Jan 2003031130.315.58$1,736
Dec 200233833126.914.85$10,702
Nov 2002029324.664.14$1,212
Oct 200218329926.464.23$6,107
Sep 2002027927.443.64$1,014
Aug 200218328525.963.16$5,652
Jul 200232630224.583.06$8,938
Jun 2002026123.733.34$871
May 200218330924.663.58$5,620
Apr 2002024323.653.51$853
Mar 200218355122.003.10$5,736
Feb 2002039718.222.38$943
Jan 2002034617.172.38$822
Dec 2001031816.932.36$752
Nov 2001030318.072.41$729
Oct 200117657919.782.53$4,946
Sep 200118146724.262.25$5,442
Aug 200118442924.873.05$5,886
Jul 2001056623.933.20$1,810
Jun 200118357924.563.82$6,709
May 2001028125.524.31$1,210
Apr 2001039924.685.34$2,129
Mar 200118045224.545.38$6,847
Feb 200118354027.755.77$8,192
Jan 2001071427.478.40$5,997
Dec 200037251426.889.12$14,688
Nov 2000050432.215.66$2,852
Oct 200018048731.235.15$8,127
Sep 200017858231.875.19$8,691
Aug 2000057929.644.54$2,629
Jul 200018354328.534.09$7,442
Jun 200018449629.304.40$7,572
May 2000060927.263.68$2,241
Apr 200036859424.513.12$10,871
Mar 2000050028.422.86$1,430
Feb 200017745327.622.73$6,124
Jan 2000058925.272.48$1,461
Dec 199918463924.282.42$6,016
Nov 199919351523.192.43$5,729
Oct 199918449320.982.80$5,243
Sep 1999048821.752.62$1,278
Aug 19991841,50719.262.88$7,877
Jul 199902,59717.892.37$6,161
Jun 19993592,07915.942.36$10,633
May 199901,08815.792.32$2,525
Apr 19991851,22215.102.21$5,492
Mar 199902,65612.471.84$4,883
Feb 19991785169.981.82$2,714
Jan 1999085410.381.90$1,623
Dec 19983581,0689.201.77$5,188
Nov 1998058110.892.19$1,270
Oct 199818361412.421.97$3,482
Sep 1998057312.592.08$1,193
Aug 199818350811.301.91$3,037
Jul 1998034711.742.24$776
Jun 199818456511.242.24$3,332
May 199818351312.622.21$3,441
Apr 1998053513.042.51$1,340
Mar 199828069112.802.31$5,180
Feb 1998065313.952.30$1,501
Jan 199819840214.702.15$3,777
Dec 199718360216.322.41$4,438
Nov 1997062618.193.09$1,933
Oct 199718466719.253.15$5,643
Sep 199718363017.742.95$5,108
Aug 1997066317.862.55$1,694
Jul 199718371717.582.25$4,828
Jun 1997059817.242.26$1,350
May 1997041218.972.31$951
Apr 199728973017.882.08$6,688
Mar 199719868218.951.94$5,075
Feb 1997061620.492.21$1,359
Jan 199718164823.483.54$6,544
Dec 1996053323.32$0
Nov 199618360921.97$4,021
Oct 199618163623.31$4,219
Sep 1996068022.22$0
Aug 199618069020.26$3,647
Jul 1996073319.55$0
Jun 199612065318.73$2,248
May 1996036119.43$0
Apr 199627748921.51$5,958
Mar 199617841919.38$3,450
Feb 1996044916.98$0
Jan 199618838417.07$3,209
Dec 19955544617.19$945
Nov 199518846116.00$3,008
Oct 1995038115.43$0
Sep 199517839116.18$2,880
Aug 1995047415.92$0
Jul 199518149615.24$2,758
Jun 199518255416.41$2,987
May 199519054017.56$3,336
Apr 1995067417.73$0
Mar 199533348516.44$5,475
Feb 1995039416.58$0
Jan 199518546615.92$2,945
Dec 199417943415.03$2,690
Nov 1994047115.90$0
Oct 1994030815.58$0
Sep 199417544215.29$2,676
Aug 199417229316.13$2,774
Jul 199418241917.56$3,196
Jun 1994043517.09$0
May 199437714115.88$5,987
Apr 1994036114.14$0
Mar 199420751812.46$2,579
Feb 1994047012.50$0
Jan 199418749912.66$2,367
Dec 199319347812.33$2,380
Nov 1993049214.49$0
Oct 199319052615.85$3,012
Sep 199319251515.03$2,886
Aug 1993055315.66$0
Jul 199318955415.46$2,922
Jun 199318563016.79$3,106
May 199318167617.68$3,200
Apr 1993049918.05$0
Mar 1993045518.14$0
Feb 199319059117.90$3,401
Jan 1993055216.93$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.

Sep 2021 — as filed, then multipliedworked
Oil                  164 bbl  × $ 69.86 =    $11,457
Casinghead gas         0 Mcf  × $  5.35 =         $0

────────────────────────────────────────────────────
Month total                                  $11,457

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. 06/O/5981 is the state's own key, not one this site invented.