REED, N.W. -E-

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 6879District 01Field 79912100Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$49 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
OilDisposition1,347 bbl$37,701
Casinghead gasProduction1,959 Mcf$11,203
Total$48,904

187 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 (4)

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 29.7032, -97.6602. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

29.70338, -97.66004 · 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%
4 of 4 wells
With a plug date
100.0%
4 of 4 wells
Median depth
2,578 ft
4 wells filed one
Completion to plug
42.0 years
median over 4 wells

What the state filed about each well

On the RRC proration schedule
4100.0%
A plug date is filed
4100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
4100.0%
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 2,570 and 2,660 ft, median 2,578 ft, over the 4 wells that filed a depth.

Completions filed
Mar 1981 – Feb 1982
4 of 4 wells
Plug dates filed
Apr 2023
4 of 4 wells

Last completion to plug: a median of 42.0 years across the 4 wells that filed both dates, with the middle half between 41.8 years and 42.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-0553169942,660 ftFeb 1982Apr 2023Yes
42-0553171232,580 ftApr 1981Apr 2023Yes
42-0553170312,570 ftApr 1981Apr 2023Yes
42-0553170422,575 ftMar 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 200761756.927.30$466
Feb 200702955.108.22$238
Jan 200701950.306.73$128
Dec 200602156.656.92$145
Nov 200681754.207.62$563
Oct 200671754.906.01$487
Sep 200602060.085.04$101
Aug 2006152568.717.34$1,214
Jul 200641769.376.34$385
Jun 200681866.286.38$645
May 200671266.016.42$539
Apr 20067964.397.36$517
Mar 200651156.707.08$361
Feb 200681457.597.75$569
Jan 200681560.598.93$619
Dec 200501554.9413.42$201
Nov 200501554.6910.59$159
Oct 20050758.3413.80$97
Sep 20058061.4512.08$492
Aug 20050361.519.80$29
Jul 20050555.697.84$39
Jun 20054752.337.38$261
May 20051045.226.65$45
Apr 20051049.207.36$49
Mar 20050650.377.15$43
Feb 20050745.226.31$44
Jan 20058643.166.32$383
Dec 20041039.866.75$40
Nov 2004012045.286.33$760
Oct 2004712049.706.52$1,130
Sep 2004012043.245.28$634
Aug 2004412042.375.55$836
Jul 2004112038.286.08$768
Jun 2004012036.106.43$772
May 2004012037.486.49$779
Apr 2004012034.475.86$703
Mar 2004112034.365.53$698
Feb 2004312032.455.51$759
Jan 2004112032.036.30$788
Dec 20031812030.266.30$1,301
Nov 20039028.804.60$259
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 20000027.622.73$0
Jan 20000025.272.48$0
Dec 199939024.282.42$947
Nov 19997023.192.43$162
Oct 199914020.982.80$294
Sep 199910021.752.62$218
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 199811011.242.24$124
May 19980012.622.21$0
Apr 199817013.042.51$222
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19978016.322.41$131
Nov 19978018.193.09$146
Oct 19978019.253.15$154
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 199714017.242.26$241
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19975020.492.21$102
Jan 199716023.483.54$376
Dec 19960023.32$0
Nov 19969021.97$198
Oct 19960023.31$0
Sep 19965022.22$111
Aug 19965020.26$101
Jul 19966019.55$117
Jun 199610018.73$187
May 19960019.43$0
Apr 199611021.51$237
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 199511016.18$178
Aug 19950015.92$0
Jul 199524015.24$366
Jun 199529016.41$476
May 19950117.56$0
Apr 199517817.73$301
Mar 199501116.44$0
Feb 19950316.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19946015.90$95
Oct 199418215.58$280
Sep 19940915.29$0
Aug 199420516.13$323
Jul 199424417.56$421
Jun 199421617.09$359
May 199421215.88$333
Apr 199427914.14$382
Mar 199427912.46$336
Feb 199448612.50$600
Jan 199430612.66$380
Dec 199339912.33$481
Nov 199330514.49$435
Oct 199342115.85$666
Sep 199345115.03$676
Aug 199330615.66$470
Jul 1993421515.46$649
Jun 199339916.79$655
May 1993601017.68$1,061
Apr 1993301218.05$542
Mar 1993501818.14$907
Feb 1993301117.90$537
Jan 199371916.93$1,202

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/6879 is the state's own key, not one this site invented.