NGR COLOSSUS

Operated by REED EXPLORATION LLC (P-5 102257) in the FORT TRINIDAD, EAST (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 26858District 03Field 32157071OilCasinghead gasSaveExport
Value, all time
$5.5 M
May 2015 – May 2026
Value, last 12 filed months
$141 k
at the published price for each month
Months reported
133
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 310 leases and 403 wells, and the rule below applies to all of them.

Discovered
1965-04-27
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-02-23.

The Commission's schedule remark for this field reads: DUE TO COMPUTER RESTRAINTS THE HIGHEST POSSIBLE TOP IS 3499

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
OilDisposition15,353 bbl$785,850
Casinghead gasProduction1,555,178 Mcf$4,717,916
Total$5,503,766

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 30.8146, -95.8599. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.81456, -95.85994 · 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
11,109 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 11,109 ft.

Completions filed
Feb 2016
1 of 1 wells

1 well

42-18530865A 111,109 ftFeb 2016

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 (133)

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

133 months

May 202601,547106.413.05$4,712
Apr 202601,70398.932.87$4,887
Mar 2026962,11789.753.15$15,283
Feb 202602,13163.503.75$7,992
Jan 202602,01459.138.00$16,108
Dec 202502,40056.664.41$10,592
Nov 202502,57258.593.93$10,099
Oct 202502,82759.383.30$9,343
Sep 20251863,15362.743.08$21,371
Aug 202503,86863.933.01$11,661
Jul 202504,18266.743.32$13,864
Jun 202504,68766.483.13$14,664
May 202505,37560.553.23$17,374
Apr 202505,48062.363.54$19,416
Mar 20251485,85867.704.27$35,023
Feb 202505,50570.884.34$23,896
Jan 202505,25074.324.28$22,463
Dec 20241354,78368.993.12$24,243
Nov 202404,27669.052.20$9,401
Oct 202405,28771.372.28$12,062
Sep 20241265,11369.612.36$20,860
Aug 202404,15675.632.06$8,576
Jul 202403,33279.932.15$7,152
Jun 20241793,52778.082.63$23,266
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 2023193068.962.26$13,309
May 20231653,57170.622.23$19,606
Apr 20230078.122.24$0
Mar 202302,73672.852.39$6,548
Feb 20231852,15475.112.47$19,206
Jan 202304,96376.533.39$16,813
Dec 202206,33676.415.73$36,299
Nov 202206,10485.005.65$34,464
Oct 20221997,14687.185.86$59,251
Sep 202208,18384.888.16$66,803
Aug 202206,95794.529.13$63,498
Jul 202207,566101.587.54$57,063
Jun 20221755,367115.097.98$62,954
May 202205,367109.378.43$45,260
Apr 202204,873104.226.84$33,320
Mar 20221807,714108.885.08$58,758
Feb 202206,88791.054.86$33,463
Jan 202208,47681.844.54$38,461
Dec 20211897,90771.323.90$44,310
Nov 202107,95177.435.24$41,638
Oct 202108,08679.795.71$46,202
Sep 20211968,47369.865.35$59,031
Aug 202108,74466.024.22$36,905
Jul 202108,08770.783.98$32,203
Jun 20211897,98169.493.38$40,114
May 2021010,08263.483.02$30,424
Apr 202118610,01260.362.76$38,844
Mar 2021010,15361.302.72$27,585
Feb 202106,48857.805.55$35,995
Jan 20211876,87050.412.81$28,733
Dec 202005,87844.642.68$15,726
Nov 202006,88538.772.71$18,635
Oct 20201958,42436.972.48$28,087
Sep 202009,98537.091.99$19,881
Aug 202017811,43939.982.39$34,400
Jul 2020012,13838.371.83$22,153
Jun 202018113,11234.901.69$28,480
May 20200116.921.81$2
Apr 2020010,74814.751.80$19,393
Mar 202018711,12330.341.86$26,320
Feb 2020011,56549.881.98$22,906
Jan 202019013,46557.252.09$39,083
Dec 201919012,49559.012.30$40,005
Nov 2019012,86855.302.75$35,396
Oct 201919313,26053.472.42$42,390
Sep 201901,39055.052.66$3,694
Aug 201919112,81853.112.30$39,681
Jul 201918713,62056.272.46$44,029
Jun 2019010,25252.782.49$25,540
May 201918813,63258.482.74$48,350
Apr 2019010,93662.632.75$30,082
Mar 201918912,35956.803.06$48,580
Feb 201918911,73250.852.79$42,369
Jan 201919212,99046.033.23$50,772
Dec 2018013,53546.594.19$56,650
Nov 201818814,15252.934.24$69,916
Oct 2018014,60561.443.40$49,629
Sep 201819113,89559.543.11$54,558
Aug 201818215,51259.403.07$58,379
Jul 2018015,05365.142.93$44,134
Jun 201817715,31560.183.08$57,775
May 2018016,99865.382.90$49,308
Apr 201819116,92363.842.90$61,284
Mar 201838017,73361.222.79$72,683
Feb 2018015,70161.782.77$43,431
Jan 2018091162.874.01$3,652
Dec 201719018,91257.272.92$66,133
Nov 201718817,45055.423.12$64,834
Oct 201718819,92649.292.98$68,719
Sep 201719021,19847.523.09$74,473
Aug 201719422,03745.373.00$75,010
Jul 201719825,08043.873.09$86,115
Jun 2017024,78542.493.09$76,518
May 201737727,16945.373.26$105,768
Apr 201719328,54547.933.21$100,926
Mar 201719432,13846.772.98$104,963
Feb 201738529,12350.452.95$105,412
Jan 201737625,25549.413.42$104,920
Dec 201638225,81248.763.72$114,720
Nov 201619027,82642.492.64$81,655
Oct 201656639,83646.193.09$149,247
Sep 201638345,15341.553.10$155,916
Aug 201655752,16241.442.92$175,622
Jul 201636756,32741.622.92$179,994
Jun 201674960,65145.352.69$196,865
May 201656152,36942.521.99$128,122
Apr 201675260,31736.561.99$147,587
Mar 201693671,76933.011.79$159,652
Feb 201656461,51326.472.06$141,869
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$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.

May 2026 — as filed, then multipliedworked
Oil                    0 bbl  × $106.41 =         $0
Casinghead gas     1,547 Mcf  × $  3.05 =     $4,712

────────────────────────────────────────────────────
Month total                                   $4,712

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/O/26858 is the state's own key, not one this site invented.