REED, N.W.-G-

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 7227District 01Field 79912100Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$29 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
OilDisposition861 bbl$25,862
Casinghead gasProduction560 Mcf$2,769
Total$28,631

121 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 (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 29.7001, -97.6624. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

29.70009, -97.66242 · 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%
2 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
2,626 ft
2 wells filed one
Completion to plug
41.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
2100.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
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 2,605 and 2,647 ft, median 2,626 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1981
2 of 2 wells
Plug dates filed
Apr 2023
1 of 2 wells; 1 filed none

Last completion to plug: a median of 41.8 years across the 1 well that filed both dates, with the middle half between 41.8 years and 41.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-0553170232,647 ftJul 1981Apr 2023Yes
42-0553171612,605 ftJul 1981Yes

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 201120096.873.24$1,937
Nov 20110095.723.31$0
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 20072059.617.81$119
Mar 20072556.927.30$150
Feb 20070055.108.22$0
Jan 20070550.306.73$34
Dec 20060556.656.92$35
Nov 20062654.207.62$154
Oct 20062554.906.01$140
Sep 20060560.085.04$25
Aug 20064568.717.34$312
Jul 20061469.376.34$95
Jun 20063466.286.38$224
May 20062466.016.42$158
Apr 20062264.397.36$144
Mar 20061356.707.08$78
Feb 20062357.597.75$138
Jan 20062460.598.93$157
Dec 20050454.9413.42$54
Nov 20050454.6910.59$42
Oct 20052258.3413.80$144
Sep 20052061.4512.08$123
Aug 20050161.519.80$10
Jul 20050155.697.84$8
Jun 20051252.337.38$67
May 20050045.226.65$0
Apr 20051049.207.36$49
Mar 20050250.377.15$14
Feb 20050145.226.31$6
Jan 20052243.166.32$99
Dec 20041039.866.75$40
Nov 200403045.286.33$190
Oct 200413049.706.52$245
Sep 200403043.245.28$159
Aug 200423042.375.55$251
Jul 200413038.286.08$221
Jun 200403036.106.43$193
May 200403037.486.49$195
Apr 200403034.475.86$176
Mar 200413034.365.53$200
Feb 200403032.455.51$165
Jan 200413032.036.30$221
Dec 2003103030.266.30$492
Nov 20032028.804.60$58
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 200010027.622.73$276
Jan 20000025.272.48$0
Dec 199920024.282.42$486
Nov 19993023.192.43$70
Oct 19999020.982.80$189
Sep 19994021.752.62$87
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 19984011.242.24$45
May 19980012.622.21$0
Apr 19989013.042.51$117
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19974016.322.41$65
Nov 19974018.193.09$73
Oct 19976019.253.15$116
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 199710017.242.26$172
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19973020.492.21$61
Jan 199712023.483.54$282
Dec 19960023.32$0
Nov 19966021.97$132
Oct 19960023.31$0
Sep 19962022.22$44
Aug 19962020.26$41
Jul 19962019.55$39
Jun 19966018.73$112
May 19960019.43$0
Apr 19965021.51$108
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 19954016.18$65
Aug 19950015.92$0
Jul 199512015.24$183
Jun 199514016.41$230
May 19950117.56$0
Apr 199510417.73$177
Mar 19950716.44$0
Feb 19950216.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19944015.90$64
Oct 199410115.58$156
Sep 19940415.29$0
Aug 199410316.13$161
Jul 199418317.56$316
Jun 199414417.09$239
May 199414115.88$222
Apr 199418414.14$255
Mar 199418612.46$224
Feb 199432612.50$400
Jan 199420412.66$253
Dec 199328612.33$345
Nov 199320414.49$290
Oct 199328115.85$444
Sep 199330115.03$451
Aug 199318415.66$282
Jul 1993281015.46$433
Jun 199326516.79$437
May 199340617.68$707
Apr 199320818.05$361
Mar 1993321218.14$580
Feb 199320817.90$358
Jan 199342616.93$711

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                   20 bbl  × $ 96.87 =     $1,937
Casinghead gas         0 Mcf  × $  3.24 =         $0

────────────────────────────────────────────────────
Month total                                   $1,937

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/7227 is the state's own key, not one this site invented.