REED, N.W. -L-

Operated by LULING O&G LLC (P-5 512575) in the SALT FLAT, WEST field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 6807District 01Field 79912100Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$43 k
Jan 1993 – Apr 2012
Value, last 12 filed months
$4 k
at the published price for each month
Months reported
232
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 141 leases and 399 wells, and the rule below applies to all of them.

Discovered
1981-03-01
as the register files it
Field class
Oil
the register's own label
Between wells
300 ft
minimum
From a lease line
150 ft
minimum

A drilling unit in this field needs at least 2.06 acres.

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: 2.06 OP ACRES - 500' DIAG

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
OilDisposition1,256 bbl$34,856
Casinghead gasProduction1,512 Mcf$8,447
Total$43,303

179 Mcf of this lease's gas, across 26 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 (3)

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 29.7020, -97.6616. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

29.70205, -97.66164 · 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%
3 of 3 wells
With a plug date
100.0%
3 of 3 wells
Median depth
2,535 ft
3 wells filed one
Completion to plug
42.2 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
3100.0%
A plug date is filed
3100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
3100.0%
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

Between 2,535 and 2,555 ft, median 2,535 ft, over the 3 wells that filed a depth.

Completions filed
Jan 1981 – Feb 1981
3 of 3 wells
Plug dates filed
Apr 2023
3 of 3 wells

Last completion to plug: a median of 42.2 years across the 3 wells that filed both dates, with the middle half between 42.2 years and 42.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-0553172022,535 ftFeb 1981Apr 2023Yes
42-0553172212,555 ftFeb 1981Apr 2023Yes
42-0553172932,535 ftJan 1981Apr 2023Yes

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 (232)

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

232 months

Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 201114096.873.24$1,356
Nov 20116095.723.31$574
Oct 20110084.983.65$0
Sep 20116083.623.99$502
Aug 20116083.404.15$500
Jul 20116094.144.52$565
Jun 20115092.904.64$465
May 20110098.134.40$0
Apr 201130105.964.33$318
Mar 20117096.364.06$675
Feb 20113085.644.18$257
Jan 20112086.504.59$173
Dec 20103085.734.35$257
Nov 20103080.843.80$243
Oct 20103078.103.51$234
Sep 20103072.633.98$218
Aug 20103073.684.42$221
Jul 20100072.554.74$0
Jun 20107070.364.91$493
May 20100071.124.24$0
Apr 20103081.694.12$245
Mar 20100078.394.39$0
Feb 20103073.585.44$221
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20093072.544.11$218
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20093046.773.59$140
Mar 20090042.144.06$0
Feb 20093032.814.63$98
Jan 20093035.865.37$108
Dec 20080037.105.98$0
Nov 20083055.496.86$166
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200830114.228.48$343
Jul 200830131.0811.39$393
Jun 200850131.3313.03$657
May 200830123.1711.57$370
Apr 200800110.3110.45$0
Mar 200830101.909.66$306
Feb 20086092.538.77$555
Jan 20080090.388.21$0
Dec 20073088.337.30$265
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20074075.846.24$303
Aug 20074069.066.39$276
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20073058.747.85$176
Apr 20075059.617.81$298
Mar 200751356.927.30$380
Feb 200702255.108.22$181
Jan 200701450.306.73$94
Dec 200601656.656.92$111
Nov 200661354.207.62$424
Oct 200651354.906.01$353
Sep 200601560.085.04$76
Aug 2006112068.717.34$903
Jul 200631369.376.34$291
Jun 200641366.286.38$348
May 20066966.016.42$454
Apr 20066764.397.36$438
Mar 20064856.707.08$283
Feb 200661057.597.75$423
Jan 200661160.598.93$462
Dec 200501254.9413.42$161
Nov 200501154.6910.59$116
Oct 20052658.3413.80$199
Sep 20056161.4512.08$381
Aug 20050361.519.80$29
Jul 20050455.697.84$31
Jun 20053552.337.38$194
May 20051045.226.65$45
Apr 20051049.207.36$49
Mar 20050550.377.15$36
Feb 20050545.226.31$32
Jan 20056443.166.32$284
Dec 20041039.866.75$40
Nov 200409045.286.33$570
Oct 200459049.706.52$835
Sep 200409043.245.28$476
Aug 200429042.375.55$584
Jul 200419038.286.08$586
Jun 200409036.106.43$579
May 200409037.486.49$585
Apr 200409034.475.86$527
Mar 200419034.365.53$532
Feb 200429032.455.51$561
Jan 200419032.036.30$599
Dec 2003189030.266.30$1,112
Nov 20036028.804.60$173
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20024026.914.85$108
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 200210023.733.34$237
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20016024.563.82$147
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20005027.622.73$138
Jan 20000025.272.48$0
Dec 199930024.282.42$728
Nov 19993023.192.43$70
Oct 199912020.982.80$252
Sep 19997021.752.62$152
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19986011.242.24$67
May 19980012.622.21$0
Apr 199815013.042.51$196
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19976016.322.41$98
Nov 19976018.193.09$109
Oct 19976019.253.15$116
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 199713017.242.26$224
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19975020.492.21$102
Jan 199711023.483.54$258
Dec 19960023.32$0
Nov 19968021.97$176
Oct 19960023.31$0
Sep 19964022.22$89
Aug 19964020.26$81
Jul 19965019.55$98
Jun 19968018.73$150
May 19960019.43$0
Apr 19967021.51$151
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19959016.18$146
Aug 19950015.92$0
Jul 199518015.24$274
Jun 199521016.41$345
May 19950117.56$0
Apr 199515717.73$266
Mar 199501216.44$0
Feb 19950116.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19945015.90$80
Oct 199415215.58$234
Sep 19940615.29$0
Aug 199415416.13$242
Jul 199427417.56$474
Jun 199421617.09$359
May 199421215.88$333
Apr 199427914.14$382
Mar 1994271212.46$336
Feb 199448612.50$600
Jan 199430612.66$380
Dec 199342912.33$518
Nov 199330614.49$435
Oct 199339115.85$618
Sep 199348115.03$721
Aug 199327515.66$423
Jul 1993421215.46$649
Jun 199339516.79$655
May 1993601117.68$1,061
Apr 1993301218.05$542
Mar 1993481818.14$871
Feb 1993301217.90$537
Jan 199380916.93$1,354

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 2011 — as filed, then multipliedworked
Oil                   14 bbl  × $ 96.87 =     $1,356
Casinghead gas         0 Mcf  × $  3.24 =         $0

────────────────────────────────────────────────────
Month total                                   $1,356

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/6807 is the state's own key, not one this site invented.