REED

Operated by VERDUN OIL & GAS LLC (P-5 884566) in the EAGLEVILLE (EAGLE FORD-1) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 16323District 01Field 27135700Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$60.9 M
Sep 2012 – May 2026
Value, last 12 filed months
$1.0 M
at the published price for each month
Months reported
165
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 5,086 leases and 10,995 wells, and the rule below applies to all of them.

Discovered
2009-08-12
as the register files it
Field class
Oil and 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 40 acres. The field rule took effect on 2017-02-28.

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: BASED ON 3000 TO 1 GAS OIL RATIO

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
OilDisposition638,555 bbl$48,821,842
Casinghead gasProduction3,326,886 Mcf$12,114,171
Total$60,936,012

Wells on this lease (8)

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 28.3618, -99.0242. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

28.36177, -99.02426 · 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 8 wells
With a plug date
0.0%
0 of 8 wells
Median depth
10,199 ft
8 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.
8100.0%

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

Total depth in feet, 8 of 8 wells. Median 10,199 ft, with the middle half between 10,184 and 10,202 ft; the shallowest is 10,121 ft and the deepest 10,212 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 8 of 8 wells, Oct 2012 – Jun 2013. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Oct 2012 – Jun 2013
8 of 8 wells

8 wells

42-28333849A 3H10,200 ftJun 2013
42-28333635B 1H10,212 ftMay 2013
42-28333193B 4H10,194 ftMay 2013
42-28333734B 3H10,197 ftMay 2013
42-28333845A 2H10,200 ftMay 2013
42-28333192B 2H10,207 ftMay 2013
42-28333191A 4H10,152 ftOct 2012
42-28333129A 1H10,121 ftOct 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 (165)

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

165 months

May 20266422,379106.413.05$75,561
Apr 20268521,01598.932.87$87,201
Mar 20269545,21389.753.15$102,040
Feb 20267672,04863.503.75$56,385
Jan 20267413,58559.138.00$72,488
Dec 20253555,58556.664.41$44,763
Nov 202555010,22058.593.93$72,353
Oct 20251,31345259.383.30$79,460
Sep 20251,2644,61162.743.08$93,491
Aug 20251,2228,34263.933.01$103,272
Jul 20251,2006,87366.743.32$102,873
Jun 20251,3527,86366.483.13$114,482
May 20255696,05560.553.23$54,025
Apr 20250062.363.54$0
Mar 202502,81367.704.27$12,007
Feb 20258817,81370.884.34$96,360
Jan 202565710,24674.324.28$92,668
Dec 20247336,92768.993.12$72,191
Nov 20249057,55669.052.20$79,102
Oct 20241,4469,79771.372.28$125,552
Sep 20241,1168,79869.612.36$98,486
Aug 20241,9959,61375.632.06$170,720
Jul 20249839,08979.932.15$98,082
Jun 20241,58316,65078.082.63$167,456
May 20241,3084,26578.812.20$112,460
Apr 20241,60410,48384.451.66$152,851
Mar 20241,40010,99680.301.55$129,410
Feb 20241,24314,46876.091.78$120,386
Jan 20241,0286,98573.023.30$98,099
Dec 20231,1018,84371.262.61$101,544
Nov 20237023,42877.892.81$64,303
Oct 20239313,63385.443.09$90,761
Sep 20239547,64089.042.74$105,840
Aug 20231,3885,65080.522.67$126,864
Jul 20239165,97474.852.64$84,345
Jun 20238504,34468.962.26$68,427
May 20231,4936,33070.622.23$119,535
Apr 20231,6179,06278.122.24$146,599
Mar 20231,4609,22172.852.39$128,428
Feb 20231,34413,01175.112.47$133,029
Jan 20231,14410,85676.533.39$124,327
Dec 202294711,49576.415.73$138,216
Nov 20221,26010,48285.005.65$166,283
Oct 20221,2328,26387.185.86$155,858
Sep 20221,2699,97384.888.16$189,129
Aug 20221,69014,71094.529.13$293,999
Jul 20221,84410,565101.587.54$266,996
Jun 20222,68810,379115.097.98$392,157
May 20221,16421,641109.378.43$309,806
Apr 20221,72020,724104.226.84$320,961
Mar 20221,31724,627108.885.08$268,411
Feb 202298817,05491.054.86$172,820
Jan 20221,11022,09881.844.54$191,116
Dec 20211,70425,30471.323.90$220,193
Nov 20211,02311,42777.435.24$139,052
Oct 20211,26431,56879.795.71$281,230
Sep 20212,34518,66669.865.35$263,702
Aug 202171514,25266.024.22$107,356
Jul 202164011,01770.783.98$89,170
Jun 202195011,40369.493.38$104,565
May 20211,71214,40163.483.02$152,135
Apr 202169414,97360.362.76$83,192
Mar 20211,09615,77961.302.72$110,055
Feb 202162111,92157.805.55$102,031
Jan 20211,13911,49650.412.81$89,724
Dec 202063311,01444.642.68$57,725
Nov 20201,40212,04238.772.71$86,948
Oct 20201,66711,04736.972.48$89,008
Sep 20201,08313,36437.091.99$66,777
Aug 202068315,58439.982.39$64,476
Jul 20201,60618,82638.371.83$95,982
Jun 20201,25517,28334.901.69$73,013
May 20201,47514,06316.921.81$50,478
Apr 20201,63012,24414.751.80$46,135
Mar 20201,4669,27130.341.86$61,688
Feb 20201,54211,59049.881.98$99,871
Jan 20201,68412,75157.252.09$123,119
Dec 20191,3809,15259.012.30$102,523
Nov 20191,44910,03855.302.75$107,741
Oct 20192,06612,72653.472.42$141,247
Sep 20191,85813,05855.052.66$136,982
Aug 20191,72015,43553.112.30$126,917
Jul 20193,02922,04656.272.46$224,676
Jun 20193,25719,59052.782.49$220,707
May 20191,96318,99458.482.74$166,846
Apr 20192,58213,51362.632.75$198,881
Mar 20191,5129,95656.803.06$116,368
Feb 20192,4338,66250.852.79$147,904
Jan 20192,2428,27146.033.23$129,900
Dec 20182,1569,58346.594.19$140,557
Nov 20182,2533,99152.934.24$136,162
Oct 20182,2454,37061.443.40$152,782
Sep 20182,6618,11559.543.11$183,657
Aug 20181,9773,60959.403.07$128,501
Jul 20182,0106,27565.142.93$149,329
Jun 20182,7235,29560.183.08$180,162
May 20182,2753,84565.382.90$159,893
Apr 20182,7764,69263.842.90$190,830
Mar 20184,8396,56261.222.79$314,531
Feb 20182,1196,86761.782.77$149,907
Jan 20182,0366,74762.874.01$155,054
Dec 20173,6269,25657.272.92$234,703
Nov 20171,6375,96255.423.12$109,314
Oct 20172,9598,23349.292.98$170,414
Sep 20173,41011,17447.523.09$196,540
Aug 20171,6909,70545.373.00$105,833
Jul 20172,90211,63743.873.09$163,237
Jun 20172,6348,11942.493.09$136,984
May 20173,57212,87845.373.26$204,088
Apr 20174,24613,64447.933.21$247,330
Mar 20172,14516,36046.772.98$149,135
Feb 20172,36015,02250.452.95$163,416
Jan 20174,75927,99749.413.42$330,858
Dec 20162,70517,01948.763.72$195,255
Nov 20162,71415,56442.492.64$156,475
Oct 20165,16717,38346.193.09$292,382
Sep 20162,74117,74641.553.10$168,912
Aug 20164,51515,48241.442.92$232,376
Jul 20162,47915,17541.622.92$147,553
Jun 20164,61022,59645.352.69$269,753
May 20164,13621,56742.521.99$218,803
Apr 20163,98424,88336.561.99$195,198
Mar 20163,93427,70733.011.79$179,568
Feb 20165,08326,05526.472.06$188,315
Jan 20164,31025,71027.352.36$178,666
Dec 20153,33223,68232.362.00$155,221
Nov 20154,69623,50938.792.17$233,110
Oct 20154,04429,53343.552.43$247,780
Sep 20156,44937,17742.992.76$379,792
Aug 20154,23930,79640.162.87$258,699
Jul 20154,08435,88548.152.95$302,329
Jun 20155,02628,70756.152.88$364,968
May 20155,03833,61455.212.96$377,492
Apr 20155,06839,00549.822.71$358,058
Mar 20157,50739,47442.892.93$437,820
Feb 20155,40337,39044.662.98$352,578
Jan 20155,73645,92443.433.10$391,508
Dec 20146,96858,77054.693.59$592,144
Nov 20147,79558,91670.464.25$799,737
Oct 20149,74764,37778.303.90$1,014,322
Sep 201410,77873,67586.164.05$1,226,680
Aug 20149,20945,56589.394.04$1,007,053
Jul 20148,70741,39296.564.18$1,013,750
Jun 201411,37741,91098.164.74$1,315,289
May 201410,15440,72894.734.73$1,154,392
Apr 20148,22846,38095.944.81$1,012,441
Mar 20149,01946,88595.895.06$1,101,920
Feb 201410,70368,21097.406.19$1,464,829
Jan 201411,16682,56590.404.86$1,410,732
Dec 201317,63195,48191.824.35$2,034,649
Nov 201321,460118,01188.853.74$2,347,879
Oct 201321,279104,90397.423.78$2,469,466
Sep 201337,999144,801104.113.72$4,494,408
Aug 201330,34269,278104.253.52$3,407,193
Jul 201328,10552,999102.523.72$3,078,361
Jun 201318,13954,92194.403.93$1,928,348
May 20138,63427,56794.834.15$933,140
Apr 20138,55123,90893.964.28$905,840
Mar 201310,79338,37393.623.91$1,160,589
Feb 20133,2368,43891.233.42$324,077
Jan 20137,31915,44891.603.42$723,251
Dec 201213,51629,74086.773.42$1,274,499
Nov 20129,37818,04786.953.62$880,837
Oct 2012060789.383.40$2,064
Sep 20120094.672.92$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
Oil                  642 bbl  × $106.41 =    $68,315
Casinghead gas     2,379 Mcf  × $  3.05 =     $7,246

────────────────────────────────────────────────────
Month total                                  $75,561

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. 01/O/16323 is the state's own key, not one this site invented.