REAGAN UNIT

Operated by REDBUD E & P, INC. (P-5 696678) in the GIDDINGS (AUSTIN CHALK, GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 154538District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.8 M
Mar 1995 – May 2026
Value, last 12 filed months
$121
at the published price for each month
Months reported
375
no gaps in the span
Streams
2
condensate, 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 1,061 leases and 1,061 wells, and the rule below applies to all of them.

Discovered
1978-08-01
as the register files it
Field class
Gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2018-10-16.

The Commission's schedule remark for this field reads: AMENDED DRILLING PERMITS, NOTICE, OR HEARING.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111995-08-16132551
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition144,750 bbl$3,173,811
GasProduction1,990,061 Mcf$2,606,316
Total$5,780,127

1,268,012 Mcf of this lease's gas, across 21 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 29.9524, -96.8183. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.95239, -96.81826 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
11,531 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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 11,531 ft.

Completions filed
Mar 1995
1 of 1 wells

1 well

42-14932957111,531 ftMar 1995

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 (375)

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

375 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260389.753.15$9
Feb 20260363.503.75$11
Jan 20260659.138.00$48
Dec 20250456.664.41$18
Nov 20250858.593.93$31
Oct 20250059.383.30$0
Sep 20250162.743.08$3
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250374.324.28$13
Dec 20240068.993.12$0
Nov 20240269.052.20$4
Oct 20240271.372.28$5
Sep 20240369.612.36$7
Aug 20240475.632.06$8
Jul 20240379.932.15$6
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240384.451.66$5
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240873.023.30$26
Dec 20230471.262.61$10
Nov 202301377.892.81$37
Oct 20230085.443.09$0
Sep 20230589.042.74$14
Aug 202301080.522.67$27
Jul 20230974.852.64$24
Jun 202301268.962.26$27
May 20230470.622.23$9
Apr 202395778.122.24$7,437
Mar 20230772.852.39$17
Feb 202301075.112.47$25
Jan 20230676.533.39$20
Dec 20220776.415.73$40
Nov 202202485.005.65$136
Oct 20220587.185.86$29
Sep 2022110984.888.16$975
Aug 2022430294.529.13$3,134
Jul 2022181295101.587.54$20,611
Jun 20222187115.097.98$1,722
May 2022498109.378.43$1,264
Apr 2022580104.226.84$6,045
Mar 2022076108.885.08$386
Feb 202217630791.054.86$17,516
Jan 2022064581.844.54$2,927
Dec 2021031271.323.90$1,217
Nov 2021051177.435.24$2,676
Oct 2021046179.795.71$2,634
Sep 2021042369.865.35$2,263
Aug 202116860266.024.22$13,632
Jul 2021049670.783.98$1,975
Jun 2021067869.493.38$2,292
May 2021054863.483.02$1,654
Apr 20211801,01660.362.76$13,667
Mar 2021052861.302.72$1,435
Feb 202102357.805.55$128
Jan 2021054150.412.81$1,520
Dec 2020142244.642.68$1,174
Nov 2020028338.772.71$766
Oct 202012038436.972.48$5,388
Sep 2020036437.091.99$725
Aug 2020238039.982.39$986
Jul 2020060638.371.83$1,106
Jun 2020018234.901.69$308
May 2020024216.921.81$439
Apr 2020033414.751.80$603
Mar 202017628830.341.86$5,874
Feb 2020030349.881.98$600
Jan 2020244557.252.09$1,047
Dec 2019126759.012.30$674
Nov 2019058755.302.75$1,615
Oct 201906153.472.42$148
Sep 2019045255.052.66$1,201
Aug 2019017753.112.30$408
Jul 2019140556.272.46$1,053
Jun 2019140252.782.49$1,054
May 201910843158.482.74$7,497
Apr 2019139862.632.75$1,157
Mar 2019142956.803.06$1,370
Feb 2019144150.852.79$1,282
Jan 201918247046.033.23$9,895
Dec 2018238846.594.19$1,717
Nov 2018045552.934.24$1,928
Oct 2018154461.443.40$1,910
Sep 2018048159.543.11$1,495
Aug 2018153659.403.07$1,703
Jul 201818225765.142.93$12,609
Jun 2018126360.183.08$869
May 2018231065.382.90$1,030
Apr 2018034263.842.90$992
Mar 2018127061.222.79$814
Feb 2018023861.782.77$658
Jan 2018024862.874.01$994
Dec 2017027857.272.92$812
Nov 201716735155.423.12$10,350
Oct 2017036449.292.98$1,086
Sep 2017036047.523.09$1,111
Aug 201701,11845.373.00$3,359
Jul 20170043.873.09$0
Jun 201701142.493.09$34
May 2017046545.373.26$1,517
Apr 201718761047.933.21$10,922
Mar 2017050346.772.98$1,501
Feb 2017049150.452.95$1,450
Jan 2017058049.413.42$1,983
Dec 2016054048.763.72$2,010
Nov 2016060242.492.64$1,592
Oct 2016066546.193.09$2,055
Sep 201619146341.553.10$9,372
Aug 2016054741.442.92$1,600
Jul 2016057741.622.92$1,687
Jun 2016054145.352.69$1,453
May 2016056642.521.99$1,127
Apr 201617757736.561.99$7,620
Mar 2016057733.011.79$1,035
Feb 2016055126.472.06$1,137
Jan 2016058627.352.36$1,386
Dec 2015060232.362.00$1,205
Nov 2015060738.792.17$1,316
Oct 2015063843.552.43$1,548
Sep 201517362142.992.76$9,150
Aug 2015063440.162.87$1,821
Jul 2015066948.152.95$1,970
Jun 2015059856.152.88$1,724
May 201519066155.212.96$12,443
Apr 2015063749.822.71$1,724
Mar 2015064142.892.93$1,881
Feb 2015062444.662.98$1,857
Jan 2015070543.433.10$2,186
Dec 2014082154.693.59$2,949
Nov 201408370.464.25$353
Oct 201419168478.303.90$17,624
Sep 2014071786.164.05$2,901
Aug 2014075489.394.04$3,042
Jul 2014083896.564.18$3,503
Jun 2014050698.164.74$2,397
May 201419476094.734.73$21,970
Apr 2014078895.944.81$3,790
Mar 2014079695.895.06$4,025
Feb 2014048197.406.19$2,978
Jan 2014072790.404.86$3,534
Dec 201319675691.824.35$21,289
Nov 2013073288.853.74$2,736
Oct 2013079097.423.78$2,986
Sep 20130750104.113.72$2,788
Aug 20130788104.253.52$2,776
Jul 2013176845102.523.72$21,185
Jun 2013085394.403.93$3,355
May 201301,43194.834.15$5,937
Apr 201309493.964.28$403
Mar 201317832293.623.91$17,924
Feb 2013065891.233.42$2,250
Jan 2013082191.603.42$2,808
Dec 2012082886.773.42$2,832
Nov 2012084986.953.62$3,078
Oct 201218685089.383.40$19,514
Sep 2012088194.672.92$2,571
Aug 2012056292.662.91$1,634
Jul 2012083785.133.02$2,528
Jun 201219479579.822.52$17,488
May 2012083891.612.49$2,085
Apr 20120820101.652.00$1,637
Mar 20120880105.052.22$1,955
Feb 20120760101.102.57$1,953
Jan 201219184598.092.73$21,045
Dec 2011084396.873.24$2,731
Nov 2011086495.723.31$2,861
Oct 2011088984.983.65$3,244
Sep 201119287883.623.99$19,555
Aug 201101,00583.404.15$4,170
Jul 2011087494.144.52$3,948
Jun 201101,01292.904.64$4,696
May 201119376198.134.40$22,291
Apr 20110971105.964.33$4,208
Mar 2011091696.364.06$3,717
Feb 201119483985.644.18$20,121
Jan 2011092686.504.59$4,249
Dec 2010088185.734.35$3,830
Nov 2010092680.843.80$3,514
Oct 201019296278.103.51$18,371
Sep 2010099172.633.98$3,944
Aug 201001,00873.684.42$4,455
Jul 201001,12072.554.74$5,305
Jun 20101921,10870.364.91$18,950
May 201001,22871.124.24$5,201
Apr 20101961,23081.694.12$21,082
Mar 201001,06478.394.39$4,670
Feb 2010035873.585.44$1,948
Jan 2010094874.365.96$5,654
Dec 20091931,01671.445.48$19,359
Nov 200901,06674.593.75$3,999
Oct 20091931,34372.544.11$19,520
Sep 200901,43965.543.06$4,410
Aug 20090067.423.22$0
Jul 20090861.133.46$28
Jun 2009098866.163.90$3,848
May 20091931,01454.743.93$14,546
Apr 2009098846.773.59$3,544
Mar 2009095242.144.06$3,864
Feb 200919789032.814.63$10,587
Jan 200901,01335.865.37$5,441
Dec 2008095337.105.98$5,696
Nov 20081911,08755.496.86$18,056
Oct 200801,39975.246.92$9,684
Sep 20080732101.767.88$5,766
Aug 20081941,107114.228.48$31,549
Jul 200801,086131.0811.39$12,369
Jun 20081931,124131.3313.03$39,995
May 200801,171123.1711.57$13,553
Apr 20081951,153110.3110.45$33,565
Mar 200801,134101.909.66$10,959
Feb 20081951,28192.538.77$29,278
Jan 20081961,24090.388.21$27,890
Dec 200701,17188.337.30$8,551
Nov 20071951,21991.677.29$26,764
Oct 200701,30482.856.92$9,026
Sep 20071921,36475.846.24$23,078
Aug 20071921,48669.066.39$22,752
Jul 200711,37270.906.39$8,835
Jun 20071981,22762.007.55$21,538
May 20071941,44158.747.85$22,702
Apr 20071971,82959.617.81$26,019
Mar 2007057756.927.30$4,213
Feb 20072031,06255.108.22$19,911
Jan 200701,18050.306.73$7,938
Dec 200601,10756.656.92$7,659
Nov 200601,40054.207.62$10,664
Oct 20061861,30754.906.01$18,071
Sep 20061891,42860.085.04$18,548
Aug 200601,49068.717.34$10,936
Jul 200611,47669.376.34$9,431
Jun 20061821,37666.286.38$20,847
May 200601,43166.016.42$9,194
Apr 200601,37864.397.36$10,143
Mar 20061701,29356.707.08$18,797
Feb 200601,44957.597.75$11,231
Jan 20061701,63760.598.93$24,924
Dec 200502,18354.9413.42$29,286
Nov 20051882,14754.6910.59$33,015
Oct 2005055058.3413.80$7,588
Sep 20051381,63661.4512.08$28,241
Aug 20051651,77561.519.80$27,539
Jul 200501,76255.697.84$13,820
Jun 20051641,73352.337.38$21,373
May 200501,79345.226.65$11,926
Apr 20051731,87049.207.36$22,276
Mar 200502,03450.377.15$14,553
Feb 20051571,57845.226.31$17,060
Jan 20051811,76843.166.32$18,990
Dec 200421,95939.866.75$13,305
Nov 20041541,80145.286.33$18,374
Oct 20041772,08349.706.52$22,368
Sep 200421,92843.245.28$10,274
Aug 20041722,06442.375.55$18,744
Jul 2004552,03838.286.08$14,505
Jun 20041732,02336.106.43$19,259
May 200411,96037.486.49$12,767
Apr 20041671,85534.475.86$16,624
Mar 200422,06334.365.53$11,477
Feb 20041801,94132.455.51$16,535
Jan 20041801,97232.036.30$18,188
Dec 20031902,10130.266.30$18,989
Nov 200342,02728.804.60$9,430
Oct 20031822,00228.174.76$14,656
Sep 20031882,13226.314.75$15,072
Aug 200312,28329.765.13$11,741
Jul 20033652,31229.415.17$22,690
Jun 200362,47728.565.98$14,991
May 20032132,21326.595.97$18,881
Apr 20031832,41626.675.41$17,945
Mar 20031862,54431.146.10$21,300
Feb 20031862,54833.487.93$26,422
Jan 200319293330.315.58$11,028
Dec 200201,63726.914.85$7,946
Nov 20021762,32924.664.14$13,975
Oct 200202,73426.464.23$11,562
Sep 20023432,87027.443.64$19,845
Aug 20021782,65625.963.16$13,025
Jul 20021782,82224.583.06$13,016
Jun 20023602,74823.733.34$17,716
May 200202,90324.663.58$10,404
Apr 20023592,77123.653.51$18,223
Mar 200203,02922.003.10$9,398
Feb 20021822,91318.222.38$10,236
Jan 20023583,35617.172.38$14,120
Dec 20011803,58016.932.36$11,512
Nov 20011802,94718.072.41$10,342
Oct 20011783,18319.782.53$11,570
Sep 20011783,09724.262.25$11,291
Aug 20011823,57724.873.05$15,447
Jul 200163,45023.933.20$11,174
Jun 20011791,62624.563.82$10,614
May 20011793,57725.524.31$19,975
Apr 200103,33924.685.34$17,815
Mar 20013745,06024.545.38$36,383
Feb 20013614,51227.755.77$36,039
Jan 20011816,41627.478.40$58,859
Dec 20003601,83426.889.12$26,407
Nov 20001835,66632.215.66$37,953
Oct 20003616,24031.235.15$43,382
Sep 20003546,78231.875.19$46,457
Aug 20001763,71729.644.54$22,095
Jul 200002,60628.534.09$10,658
Jun 20003646,31029.304.40$38,412
May 20003546,48627.263.68$33,517
Apr 20003596,01224.513.12$27,532
Mar 200005,73128.422.86$16,389
Feb 20003656,09727.622.73$26,705
Jan 20007336,74025.272.48$35,241
Dec 199937049824.282.42$10,191
Nov 199903,99523.192.43$9,724
Oct 19995516,86420.982.80$30,805
Sep 19993606,70121.752.62$25,379
Aug 19993597,27119.262.88$27,823
Jul 19993647,60017.892.37$24,542
Jun 19993607,71315.942.36$23,957
May 199907,81815.792.32$18,146
Apr 19993604,43715.102.21$15,233
Mar 19993578,91012.471.84$20,831
Feb 199937710,0399.981.82$22,011
Jan 19995498,49510.381.90$21,839
Dec 19984599,9129.201.77$21,800
Nov 199854410,48610.892.19$28,844
Oct 19983632,92212.421.97$10,262
Sep 19987219,77512.592.08$29,435
Aug 199873110,02711.301.91$27,385
Jul 199871210,49311.742.24$31,835
Jun 199871810,14111.242.24$30,758
May 199889810,69612.622.21$34,932
Apr 199872310,25113.042.51$35,110
Mar 199873610,44612.802.31$33,545
Feb 19981,08310,46813.952.30$39,175
Jan 19981,09110,23814.702.15$38,098
Dec 19971,81323,25716.322.41$85,663
Nov 19970218.193.09$6
Oct 19975417,16519.253.15$32,983
Sep 19971,42418,67517.742.95$80,444
Aug 199706,47117.862.55$16,532
Jul 19971,61520,12317.582.25$73,607
Jun 19975345,69617.242.26$22,063
May 199791013,94718.972.31$49,459
Apr 19971,26218,11317.882.08$60,290
Mar 19971,09417,41518.951.94$54,501
Feb 19971,83725,30120.492.21$93,452
Jan 199772111,52223.483.54$57,714
Dec 19961,81722,66523.32$42,372
Nov 19961,60225,84521.97$35,196
Oct 19961,08819,55123.31$25,361
Sep 19961,63426,26722.22$36,307
Aug 19961,80628,62820.26$36,590
Jul 19962,35131,82019.55$45,962
Jun 19961,96631,93218.73$36,823
May 19962,00437,21919.43$38,938
Apr 19963,05042,67721.51$65,606
Mar 19962,34935,07419.38$45,524
Feb 19962,88040,26016.98$48,902
Jan 19964,06348,07117.07$69,355
Dec 19954,38957,35317.19$75,447
Nov 19955,19163,80516.00$83,056
Oct 19955,38782,80915.43$83,121
Sep 19955,78898,42016.18$93,650
Aug 19957,363110,54815.92$117,219
Jul 19959,280127,52715.24$141,427
Jun 199510,379117,08216.41$170,319
May 199514,043133,14717.56$246,595
Apr 19959,91987,31217.73$175,864
Mar 19950016.44$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.

Mar 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 89.75 =         $0
Gas                    3 Mcf  × $  3.15 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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. 03/G/154538 is the state's own key, not one this site invented.