REED, N.W. -K-

Name: REED, N.W. -K- 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 6987District 01Field 79912100Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$23 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	543 bbl	$20,568
Casinghead gas	Production	514 Mcf	$2,846
Total			$23,414

66 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 (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 29.7002, -97.6639. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.70020, -97.66388 · 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%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

2,634 ft

1 wells filed one

Completion to plug

42.4 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 2,634 ft.

Completions filed

Dec 1980

1 of 1 wells

Plug dates filed

May 2023

1 of 1 wells

Last completion to plug: a median of 42.4 years across the 1 well that filed both dates, with the middle half between 42.4 years and 42.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-05531721	1	2,634 ft	Dec 1980	May 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	2	0	59.61	7.81	$119
Mar 2007	2	5	56.92	7.30	$150
Feb 2007	0	7	55.10	8.22	$58
Jan 2007	0	5	50.30	6.73	$34
Dec 2006	0	5	56.65	6.92	$35
Nov 2006	2	6	54.20	7.62	$154
Oct 2006	1	5	54.90	6.01	$85
Sep 2006	0	5	60.08	5.04	$25
Aug 2006	4	5	68.71	7.34	$312
Jul 2006	1	4	69.37	6.34	$95
Jun 2006	2	4	66.28	6.38	$158
May 2006	2	4	66.01	6.42	$158
Apr 2006	3	2	64.39	7.36	$208
Mar 2006	1	3	56.70	7.08	$78
Feb 2006	2	3	57.59	7.75	$138
Jan 2006	2	4	60.59	8.93	$157
Dec 2005	0	4	54.94	13.42	$54
Nov 2005	0	4	54.69	10.59	$42
Oct 2005	2	2	58.34	13.80	$144
Sep 2005	2	1	61.45	12.08	$135
Aug 2005	0	1	61.51	9.80	$10
Jul 2005	0	2	55.69	7.84	$16
Jun 2005	1	2	52.33	7.38	$67
May 2005	0	0	45.22	6.65	$0
Apr 2005	1	0	49.20	7.36	$49
Mar 2005	0	2	50.37	7.15	$14
Feb 2005	0	1	45.22	6.31	$6
Jan 2005	2	2	43.16	6.32	$99
Dec 2004	1	0	39.86	6.75	$40
Nov 2004	0	30	45.28	6.33	$190
Oct 2004	1	30	49.70	6.52	$245
Sep 2004	0	30	43.24	5.28	$159
Aug 2004	2	30	42.37	5.55	$251
Jul 2004	1	30	38.28	6.08	$221
Jun 2004	0	30	36.10	6.43	$193
May 2004	0	30	37.48	6.49	$195
Apr 2004	0	30	34.47	5.86	$176
Mar 2004	1	30	34.36	5.53	$200
Feb 2004	0	30	32.45	5.51	$165
Jan 2004	1	30	32.03	6.30	$221
Dec 2003	10	30	30.26	6.30	$492
Nov 2003	2	0	28.80	4.60	$58
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
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	4	0	26.91	4.85	$108
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	0	0	25.96	3.16	$0
Jul 2002	0	0	24.58	3.06	$0
Jun 2002	10	0	23.73	3.34	$237
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	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	6	0	24.56	3.82	$147
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
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	0	0	32.21	5.66	$0
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	0	0	27.26	3.68	$0
Apr 2000	0	0	24.51	3.12	$0
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	10	0	27.62	2.73	$276
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	10	0	24.28	2.42	$243
Nov 1999	2	0	23.19	2.43	$46
Oct 1999	7	0	20.98	2.80	$147
Sep 1999	2	0	21.75	2.62	$44
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	0	0	11.30	1.91	$0
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	2	0	11.24	2.24	$22
May 1998	0	0	12.62	2.21	$0
Apr 1998	5	0	13.04	2.51	$65
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	0	0	13.95	2.30	$0
Jan 1998	0	0	14.70	2.15	$0
Dec 1997	2	0	16.32	2.41	$33
Nov 1997	3	0	18.19	3.09	$55
Oct 1997	8	0	19.25	3.15	$154
Sep 1997	0	0	17.74	2.95	$0
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	0	17.58	2.25	$0
Jun 1997	5	0	17.24	2.26	$86
May 1997	0	0	18.97	2.31	$0
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	0	0	18.95	1.94	$0
Feb 1997	2	0	20.49	2.21	$41
Jan 1997	2	0	23.48	3.54	$47
Dec 1996	0	0	23.32	—	$0
Nov 1996	3	0	21.97	—	$66
Oct 1996	0	0	23.31	—	$0
Sep 1996	1	0	22.22	—	$22
Aug 1996	2	0	20.26	—	$41
Jul 1996	1	0	19.55	—	$20
Jun 1996	2	0	18.73	—	$37
May 1996	0	0	19.43	—	$0
Apr 1996	2	0	21.51	—	$43
Mar 1996	0	0	19.38	—	$0
Feb 1996	0	0	16.98	—	$0
Jan 1996	0	0	17.07	—	$0
Dec 1995	0	0	17.19	—	$0
Nov 1995	0	0	16.00	—	$0
Oct 1995	0	0	15.43	—	$0
Sep 1995	3	0	16.18	—	$49
Aug 1995	0	0	15.92	—	$0
Jul 1995	6	0	15.24	—	$91
Jun 1995	8	0	16.41	—	$131
May 1995	0	1	17.56	—	$0
Apr 1995	4	2	17.73	—	$71
Mar 1995	0	4	16.44	—	$0
Feb 1995	0	1	16.58	—	$0
Jan 1995	0	0	15.92	—	$0
Dec 1994	0	0	15.03	—	$0
Nov 1994	2	0	15.90	—	$32
Oct 1994	5	1	15.58	—	$78
Sep 1994	0	3	15.29	—	$0
Aug 1994	5	1	16.13	—	$81
Jul 1994	9	2	17.56	—	$158
Jun 1994	7	2	17.09	—	$120
May 1994	7	1	15.88	—	$111
Apr 1994	9	2	14.14	—	$127
Mar 1994	9	4	12.46	—	$112
Feb 1994	16	3	12.50	—	$200
Jan 1994	9	2	12.66	—	$114
Dec 1993	14	3	12.33	—	$173
Nov 1993	10	2	14.49	—	$145
Oct 1993	13	1	15.85	—	$206
Sep 1993	15	1	15.03	—	$225
Aug 1993	9	1	15.66	—	$141
Jul 1993	14	5	15.46	—	$216
Jun 1993	13	3	16.79	—	$218
May 1993	20	3	17.68	—	$354
Apr 1993	11	4	18.05	—	$199
Mar 1993	15	7	18.14	—	$272
Feb 1993	9	4	17.90	—	$161
Jan 1993	21	3	16.93	—	$356

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/6987 is the state's own key, not one this site invented.