REED, F. -C-

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

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 6923District 01Field 79912100Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$48 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

oil, casinghead gas

The SALT FLAT, WEST 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 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.

Stream	Basis	Volume	Value
Oil	Disposition	1,629 bbl	$41,948
Casinghead gas	Production	1,393 Mcf	$5,586
Total			$47,534

511 Mcf of this lease's gas, across 35 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 (2)

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 29.6999, -97.6541. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

29.69986, -97.65412 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

2,670 ft

2 wells filed one

Completion to plug

41.8 years

median over 2 wells

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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 2,665 and 2,675 ft, median 2,670 ft, over the 2 wells that filed a depth.

Completions filed

Dec 1980 – Dec 1981

2 of 2 wells

Plug dates filed

Mar 2023

2 of 2 wells

Last completion to plug: a median of 41.8 years across the 2 wells that filed both dates, with the middle half between 41.5 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.

2 wells


42-05531545	1	2,675 ft	Dec 1981	Mar 2023	Yes
42-05531546	2	2,665 ft	Dec 1980	Mar 2023	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 (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 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	14	0	96.87	3.24	$1,356
Nov 2011	6	0	95.72	3.31	$574
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	6	0	83.62	3.99	$502
Aug 2011	6	0	83.40	4.15	$500
Jul 2011	6	0	94.14	4.52	$565
Jun 2011	5	0	92.90	4.64	$465
May 2011	0	0	98.13	4.40	$0
Apr 2011	3	0	105.96	4.33	$318
Mar 2011	7	0	96.36	4.06	$675
Feb 2011	3	0	85.64	4.18	$257
Jan 2011	2	0	86.50	4.59	$173
Dec 2010	3	0	85.73	4.35	$257
Nov 2010	3	0	80.84	3.80	$243
Oct 2010	3	0	78.10	3.51	$234
Sep 2010	3	0	72.63	3.98	$218
Aug 2010	3	0	73.68	4.42	$221
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	7	0	70.36	4.91	$493
May 2010	0	0	71.12	4.24	$0
Apr 2010	3	0	81.69	4.12	$245
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	3	0	73.58	5.44	$221
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	3	0	72.54	4.11	$218
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	3	0	46.77	3.59	$140
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	3	0	32.81	4.63	$98
Jan 2009	3	0	35.86	5.37	$108
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	3	0	55.49	6.86	$166
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	3	0	114.22	8.48	$343
Jul 2008	3	0	131.08	11.39	$393
Jun 2008	5	0	131.33	13.03	$657
May 2008	3	0	123.17	11.57	$370
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	3	0	101.90	9.66	$306
Feb 2008	6	0	92.53	8.77	$555
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	3	0	88.33	7.30	$265
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	4	0	75.84	6.24	$303
Aug 2007	4	0	69.06	6.39	$276
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	3	0	58.74	7.85	$176
Apr 2007	3	0	59.61	7.81	$179
Mar 2007	3	9	56.92	7.30	$236
Feb 2007	0	15	55.10	8.22	$123
Jan 2007	0	9	50.30	6.73	$61
Dec 2006	0	10	56.65	6.92	$69
Nov 2006	4	8	54.20	7.62	$278
Oct 2006	4	8	54.90	6.01	$268
Sep 2006	0	10	60.08	5.04	$50
Aug 2006	8	10	68.71	7.34	$623
Jul 2006	2	8	69.37	6.34	$189
Jun 2006	4	9	66.28	6.38	$323
May 2006	4	6	66.01	6.42	$303
Apr 2006	4	5	64.39	7.36	$294
Mar 2006	2	5	56.70	7.08	$149
Feb 2006	4	7	57.59	7.75	$285
Jan 2006	4	7	60.59	8.93	$305
Dec 2005	0	8	54.94	13.42	$107
Nov 2005	0	7	54.69	10.59	$74
Oct 2005	1	4	58.34	13.80	$114
Sep 2005	4	1	61.45	12.08	$258
Aug 2005	0	2	61.51	9.80	$20
Jul 2005	0	3	55.69	7.84	$24
Jun 2005	2	3	52.33	7.38	$127
May 2005	2	0	45.22	6.65	$90
Apr 2005	4	0	49.20	7.36	$197
Mar 2005	0	3	50.37	7.15	$21
Feb 2005	1	3	45.22	6.31	$64
Jan 2005	4	2	43.16	6.32	$185
Dec 2004	1	0	39.86	6.75	$40
Nov 2004	0	60	45.28	6.33	$380
Oct 2004	3	60	49.70	6.52	$540
Sep 2004	0	60	43.24	5.28	$317
Aug 2004	2	60	42.37	5.55	$418
Jul 2004	1	60	38.28	6.08	$403
Jun 2004	0	60	36.10	6.43	$386
May 2004	1	60	37.48	6.49	$427
Apr 2004	0	60	34.47	5.86	$352
Mar 2004	3	60	34.36	5.53	$435
Feb 2004	4	60	32.45	5.51	$460
Jan 2004	1	60	32.03	6.30	$410
Dec 2003	0	60	30.26	6.30	$378
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	5	0	28.17	4.76	$141
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	3	0	29.41	5.17	$88
Jun 2003	4	0	28.56	5.98	$114
May 2003	0	0	26.59	5.97	$0
Apr 2003	35	0	26.67	5.41	$933
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	14	0	25.96	3.16	$363
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	5	0	24.87	3.05	$124
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	5	0	24.56	3.82	$123
May 2001	10	0	25.52	4.31	$255
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	5	0	24.54	5.38	$123
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	0	26.88	9.12	$0
Nov 2000	19	0	32.21	5.66	$612
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	0	29.64	4.54	$0
Jul 2000	0	0	28.53	4.09	$0
Jun 2000	0	0	29.30	4.40	$0
May 2000	30	0	27.26	3.68	$818
Apr 2000	59	0	24.51	3.12	$1,446
Mar 2000	26	0	28.42	2.86	$739
Feb 2000	0	0	27.62	2.73	$0
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	17	0	23.19	2.43	$394
Oct 1999	20	0	20.98	2.80	$420
Sep 1999	28	0	21.75	2.62	$609
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	0	0	10.38	1.90	$0
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	0	10.89	2.19	$0
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	18	0	11.30	1.91	$203
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	12	0	11.24	2.24	$135
May 1998	0	0	12.62	2.21	$0
Apr 1998	14	0	13.04	2.51	$183
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	16	0	13.95	2.30	$223
Jan 1998	0	0	14.70	2.15	$0
Dec 1997	0	0	16.32	2.41	$0
Nov 1997	19	0	18.19	3.09	$346
Oct 1997	0	0	19.25	3.15	$0
Sep 1997	28	0	17.74	2.95	$497
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	17	0	17.58	2.25	$299
Jun 1997	28	0	17.24	2.26	$483
May 1997	0	0	18.97	2.31	$0
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	15	0	18.95	1.94	$284
Feb 1997	0	0	20.49	2.21	$0
Jan 1997	10	0	23.48	3.54	$235
Dec 1996	16	0	23.32	—	$373
Nov 1996	0	0	21.97	—	$0
Oct 1996	12	0	23.31	—	$280
Sep 1996	0	0	22.22	—	$0
Aug 1996	4	0	20.26	—	$81
Jul 1996	10	0	19.55	—	$196
Jun 1996	9	0	18.73	—	$169
May 1996	17	0	19.43	—	$330
Apr 1996	18	0	21.51	—	$387
Mar 1996	0	3	19.38	—	$0
Feb 1996	0	0	16.98	—	$0
Jan 1996	0	19	17.07	—	$0
Dec 1995	0	24	17.19	—	$0
Nov 1995	0	20	16.00	—	$0
Oct 1995	0	20	15.43	—	$0
Sep 1995	0	3	16.18	—	$0
Aug 1995	22	12	15.92	—	$350
Jul 1995	0	1	15.24	—	$0
Jun 1995	0	13	16.41	—	$0
May 1995	23	14	17.56	—	$404
Apr 1995	0	18	17.73	—	$0
Mar 1995	0	0	16.44	—	$0
Feb 1995	0	0	16.58	—	$0
Jan 1995	0	0	15.92	—	$0
Dec 1994	16	14	15.03	—	$240
Nov 1994	18	14	15.90	—	$286
Oct 1994	24	11	15.58	—	$374
Sep 1994	22	16	15.29	—	$336
Aug 1994	33	14	16.13	—	$532
Jul 1994	16	10	17.56	—	$281
Jun 1994	18	5	17.09	—	$308
May 1994	18	5	15.88	—	$286
Apr 1994	22	7	14.14	—	$311
Mar 1994	26	12	12.46	—	$324
Feb 1994	30	11	12.50	—	$375
Jan 1994	33	5	12.66	—	$418
Dec 1993	36	14	12.33	—	$444
Nov 1993	44	14	14.49	—	$638
Oct 1993	42	19	15.85	—	$666
Sep 1993	42	16	15.03	—	$631
Aug 1993	34	28	15.66	—	$532
Jul 1993	40	32	15.46	—	$618
Jun 1993	56	20	16.79	—	$940
May 1993	60	18	17.68	—	$1,061
Apr 1993	42	12	18.05	—	$758
Mar 1993	42	14	18.14	—	$762
Feb 1993	42	13	17.90	—	$752
Jan 1993	62	40	16.93	—	$1,050

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/6923 is the state's own key, not one this site invented.