REED, S. H.

Operated by CHESAPEAKE OPERATING, INC. (P-5 147715) in the CABEZA CREEK, S. (YEGUA 4747) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4316District 02Field 14438935OilCasinghead gasSaveExport
Value, all time
$375 k
Jan 1993 – May 2012
Value, last 12 filed months
$0
at the published price for each month
Months reported
233
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 12 leases and 13 wells, and the rule below applies to all of them.

Discovered
1965-05-13
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
OilDisposition6,997 bbl$152,156
Casinghead gasProduction119,429 Mcf$222,419
Total$374,575

47,319 Mcf of this lease's gas, across 48 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 28.7575, -97.5142. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.75747, -97.51416 · 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
100.0%
2 of 2 wells
Median depth
6,863 ft
2 wells filed one
Completion to plug
26.1 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 5,400 and 8,326 ft, median 6,863 ft, over the 2 wells that filed a depth.

Completions filed
Jul 1966 – Jan 1985
2 of 2 wells
Plug dates filed
May 1994 – May 2009
2 of 2 wells

Last completion to plug: a median of 26.1 years across the 2 wells that filed both dates, with the middle half between 25.3 years and 27.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-1753141935,400 ftJan 1985May 2009Yes
42-1750015928,326 ftJul 1966May 1994Yes

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 (233)

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

233 months

May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
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 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 2006143056.656.92$8,101
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 200604168.717.34$301
Jul 20060069.376.34$0
Jun 200601966.286.38$121
May 20060066.016.42$0
Apr 20060264.397.36$15
Mar 200601256.707.08$85
Feb 20060957.597.75$70
Jan 20060060.598.93$0
Dec 2005019754.9413.42$2,643
Nov 200503554.6910.59$371
Oct 200504258.3413.80$579
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 200501855.697.84$141
Jun 2005026552.337.38$1,956
May 2005012345.226.65$818
Apr 200501849.207.36$132
Mar 20050050.377.15$0
Feb 2005486745.226.31$2,593
Jan 2005041843.166.32$2,643
Dec 200417611839.866.75$7,812
Nov 2004010545.286.33$665
Oct 200409749.706.52$632
Sep 200417611943.245.28$8,239
Aug 2004035842.375.55$1,987
Jul 2004015038.286.08$913
Jun 200406936.106.43$444
May 2004011337.486.49$734
Apr 2004014334.475.86$838
Mar 2004019934.365.53$1,101
Feb 200414514732.455.51$5,515
Jan 2004022232.036.30$1,399
Dec 2003024030.266.30$1,512
Nov 2003019628.804.60$901
Oct 200317819228.174.76$5,928
Sep 2003011426.314.75$541
Aug 2003030629.765.13$1,570
Jul 2003027529.415.17$1,422
Jun 2003023428.565.98$1,400
May 200309426.595.97$561
Apr 200317528826.675.41$6,225
Mar 2003030231.146.10$1,841
Feb 2003035833.487.93$2,837
Jan 2003013730.315.58$765
Dec 2002014626.914.85$709
Nov 2002021224.664.14$877
Oct 200210821626.464.23$3,771
Sep 2002014127.443.64$513
Aug 2002015825.963.16$500
Jul 2002021124.583.06$646
Jun 200208123.733.34$270
May 200201,34124.663.58$4,806
Apr 200203,09923.653.51$10,885
Mar 20021741,39222.003.10$8,147
Feb 200202,27718.222.38$5,409
Jan 20021795,25217.172.38$15,551
Dec 200107,04516.932.36$16,657
Nov 200107,20218.072.41$17,325
Oct 200103,26819.782.53$8,264
Sep 200105,32424.262.25$11,986
Aug 20011737,23324.873.05$26,386
Jul 200102,64123.933.20$8,443
Jun 2001040324.563.82$1,541
May 2001039825.524.31$1,714
Apr 200117733724.685.34$6,166
Mar 2001040624.545.38$2,183
Feb 2001033527.755.77$1,932
Jan 200118942727.478.40$8,778
Dec 2000026626.889.12$2,427
Nov 200018337632.215.66$8,022
Oct 2000030231.235.15$1,554
Sep 200017250831.875.19$8,116
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 2000182027.622.73$5,027
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
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 1998163010.892.19$1,775
Oct 1998044812.421.97$882
Sep 1998066812.592.08$1,391
Aug 199816971811.301.91$3,279
Jul 1998057511.742.24$1,286
Jun 1998054411.242.24$1,217
May 199817872212.622.21$3,839
Apr 1998069213.042.51$1,734
Mar 1998070212.802.31$1,621
Feb 199817964213.952.30$3,973
Jan 1998076114.702.15$1,640
Dec 1997075116.322.41$1,811
Nov 199717568918.193.09$5,311
Oct 1997076919.253.15$2,422
Sep 199717768617.742.95$5,167
Aug 1997082917.862.55$2,118
Jul 1997079317.582.25$1,782
Jun 199717152817.242.26$4,140
May 1997074118.972.31$1,711
Apr 1997076717.882.08$1,597
Mar 199715273018.951.94$4,296
Feb 1997475520.492.21$1,747
Jan 1997076123.483.54$2,694
Dec 19968675123.32$2,006
Nov 199617731921.97$3,889
Oct 1996043723.31$0
Sep 1996059822.22$0
Aug 199618544620.26$3,748
Jul 1996066919.55$0
Jun 1996068418.73$0
May 199617868819.43$3,459
Apr 1996067621.51$0
Mar 1996051719.38$0
Feb 199618041816.98$3,056
Jan 1996050917.07$0
Dec 1995054917.19$0
Nov 199517854116.00$2,848
Oct 1995062615.43$0
Sep 1995024916.18$0
Aug 199516175315.92$2,563
Jul 1995077115.24$0
Jun 199517077416.41$2,790
May 1995081717.56$0
Apr 1995081817.73$0
Mar 199517883616.44$2,926
Feb 1995091816.58$0
Jan 199501,06415.92$0
Dec 19941791,21215.03$2,690
Nov 199401,20515.90$0
Oct 199401,28215.58$0
Sep 19941541,28415.29$2,355
Aug 199401,36216.13$0
Jul 19941781,38617.56$3,126
Jun 199401,22917.09$0
May 19941771,31315.88$2,811
Apr 199401,18114.14$0
Mar 1994097812.46$0
Feb 199401,19412.50$0
Jan 19941651,30312.66$2,089
Dec 199301,24312.33$0
Nov 199301,27714.49$0
Oct 19931781,32215.85$2,821
Sep 199301,31315.03$0
Aug 19931721,36815.66$2,694
Jul 199301,35015.46$0
Jun 199301,24316.79$0
May 19931741,30117.68$3,076
Apr 199301,03118.05$0
Mar 199301,09918.14$0
Feb 19931812,77717.90$3,240
Jan 199301,63816.93$0

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 2006 — as filed, then multipliedworked
Oil                  143 bbl  × $ 56.65 =     $8,101
Casinghead gas         0 Mcf  × $  6.92 =         $0

────────────────────────────────────────────────────
Month total                                   $8,101

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. 02/O/4316 is the state's own key, not one this site invented.