REED, HUGH D. NO. 1 GAS UNIT

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the TEAGUE (CV-BOSSIER CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 126208District 05Field 88576304Hydrogen sulphide fieldNGPA filingCondensateGasSaveExport
Value, all time
$3.6 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
401
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 1,075 leases and 1,075 wells, and the rule below applies to all of them.

Discovered
2006-06-06
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 20 acres. The field rule took effect on 2011-10-11.

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: REGULATORY PURPOSES.IT IS ORDERED THAT THE FIELD REMAIN SUSPENDED.

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
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
CondensateDisposition210 bbl$4,340
GasProduction1,094,991 Mcf$3,595,776
Total$3,600,115

299,132 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 (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 31.7562, -96.1939. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.75616, -96.19386 · 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
12,360 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 12,360 ft.

Completions filed
Nov 1987
1 of 1 wells

1 well

42-16131069212,360 ftNov 1987

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
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 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
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 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 2019050656.272.46$1,245
Jun 2019014052.782.49$349
May 2019027258.482.74$745
Apr 2019087562.632.75$2,407
Mar 201901,18956.803.06$3,641
Feb 201901,39950.852.79$3,906
Jan 201901,69146.033.23$5,459
Dec 201801,79546.594.19$7,513
Nov 201801,50052.934.24$6,356
Oct 201801,33661.443.40$4,540
Sep 201801,71559.543.11$5,330
Aug 201801,73459.403.07$5,317
Jul 201801,88565.142.93$5,527
Jun 201801,82360.183.08$5,609
May 201801,59465.382.90$4,624
Apr 201802,03663.842.90$5,906
Mar 201802,10061.222.79$5,852
Feb 201801,72661.782.77$4,774
Jan 201802,04762.874.01$8,207
Dec 201702,21157.272.92$6,459
Nov 201702,80155.423.12$8,735
Oct 201701,41549.292.98$4,222
Sep 201701,32347.523.09$4,084
Aug 201701,50645.373.00$4,525
Jul 201701,81943.873.09$5,616
Jun 201701,76642.493.09$5,452
May 201701,82945.373.26$5,969
Apr 201702,05347.933.21$6,593
Mar 201702,25346.772.98$6,722
Feb 201702,07050.452.95$6,112
Jan 201702,49749.413.42$8,537
Dec 201602,61848.763.72$9,746
Nov 201602,26542.492.64$5,989
Oct 201601,84646.193.09$5,705
Sep 201601,78541.553.10$5,535
Aug 201601,38841.442.92$4,059
Jul 201601,63441.622.92$4,778
Jun 201601,55645.352.69$4,179
May 201601,57142.521.99$3,128
Apr 201601,73736.561.99$3,458
Mar 201601,73633.011.79$3,114
Feb 201601,63026.472.06$3,364
Jan 201601,46727.352.36$3,469
Dec 201501,33632.362.00$2,674
Nov 201501,24438.792.17$2,696
Oct 201501,84943.552.43$4,487
Sep 201502,02142.992.76$5,575
Aug 201501,96140.162.87$5,633
Jul 201501,52948.152.95$4,503
Jun 201501,42256.152.88$4,099
May 201501,58455.212.96$4,681
Apr 201501,23449.822.71$3,340
Mar 201501,47942.892.93$4,340
Feb 201501,39244.662.98$4,143
Jan 201501,49243.433.10$4,626
Dec 201401,40654.693.59$5,049
Nov 201401,66870.464.25$7,092
Oct 201401,48078.303.90$5,773
Sep 201401,35286.164.05$5,469
Aug 201401,48389.394.04$5,984
Jul 201401,74796.564.18$7,302
Jun 201401,48798.164.74$7,044
May 201401,59894.734.73$7,553
Apr 201401,98295.944.81$9,532
Mar 201402,35095.895.06$11,883
Feb 201402,80497.406.19$17,362
Jan 201401,69390.404.86$8,229
Dec 201301,20191.824.35$5,230
Nov 201301,55788.853.74$5,821
Oct 201301,46897.423.78$5,548
Sep 201301,460104.113.72$5,428
Aug 201301,957104.253.52$6,894
Jul 201301,480102.523.72$5,502
Jun 2013084894.403.93$3,336
May 201301,67794.834.15$6,958
Apr 201302,35293.964.28$10,073
Mar 201302,54893.623.91$9,970
Feb 201302,11291.233.42$7,223
Jan 201302,25991.603.42$7,726
Dec 201202,48886.773.42$8,509
Nov 201202,31786.953.62$8,399
Oct 201202,00289.383.40$6,806
Sep 201202,83494.672.92$8,271
Aug 201201,98492.662.91$5,770
Jul 201202,30985.133.02$6,975
Jun 201202,66579.822.52$6,713
May 201203,10691.612.49$7,729
Apr 201202,126101.652.00$4,245
Mar 201203,005105.052.22$6,677
Feb 201202,697101.102.57$6,932
Jan 201202,19298.092.73$5,993
Dec 201103,03696.873.24$9,836
Nov 201102,84995.723.31$9,434
Oct 201102,88184.983.65$10,511
Sep 201102,97083.623.99$11,838
Aug 201103,68883.404.15$15,303
Jul 201103,13494.144.52$14,157
Jun 2011090892.904.64$4,213
May 201102,84798.134.40$12,541
Apr 201102,787105.964.33$12,077
Mar 201103,18196.364.06$12,906
Feb 201102,92885.644.18$12,239
Jan 201103,05386.504.59$14,010
Dec 201003,32785.734.35$14,465
Nov 201003,57580.843.80$13,568
Oct 201003,37078.103.51$11,825
Sep 201003,38972.633.98$13,486
Aug 201003,20273.684.42$14,151
Jul 201002,77372.554.74$13,134
Jun 201003,85970.364.91$18,949
May 201004,86371.124.24$20,596
Apr 201004,17581.694.12$17,212
Mar 20100278.394.39$9
Feb 2010075673.585.44$4,114
Jan 201002,67174.365.96$15,930
Dec 200903,19371.445.48$17,510
Nov 200903,27774.593.75$12,294
Oct 200903,99972.544.11$16,437
Sep 200904,83665.543.06$14,821
Aug 200907,19067.423.22$23,141
Jul 200906,22261.133.46$21,556
Jun 200902,65666.163.90$10,345
May 200901,90554.743.93$7,479
Apr 200901,73846.773.59$6,235
Mar 200901,91542.144.06$7,773
Feb 200901,73432.814.63$8,034
Jan 200902,06135.865.37$11,070
Dec 200802,04937.105.98$12,247
Nov 200801,98155.496.86$13,590
Oct 200802,43075.246.92$16,820
Sep 200802,393101.767.88$18,850
Aug 200802,555114.228.48$21,674
Jul 200802,670131.0811.39$30,410
Jun 200802,640131.3313.03$34,406
May 200802,548123.1711.57$29,491
Apr 200802,032110.3110.45$21,244
Mar 200802,801101.909.66$27,069
Feb 200802,22892.538.77$19,541
Jan 200801,76790.388.21$14,500
Dec 200702,35288.337.30$17,174
Nov 200703,02891.677.29$22,079
Oct 200703,06682.856.92$21,223
Sep 200702,72375.846.24$17,003
Aug 200702,51869.066.39$16,085
Jul 200703,25570.906.39$20,793
Jun 200702,91562.007.55$22,004
May 200702,40958.747.85$18,902
Apr 200702,43959.617.81$19,037
Mar 200702,18956.927.30$15,984
Feb 200702,08555.108.22$17,130
Jan 200701,93050.306.73$12,983
Dec 200602,81456.656.92$19,468
Nov 200602,68654.207.62$20,461
Oct 200603,55554.906.01$21,379
Sep 200603,07760.085.04$15,499
Aug 200603,12368.717.34$22,923
Jul 200603,08669.376.34$19,574
Jun 200602,67566.286.38$17,077
May 200602,95666.016.42$18,992
Apr 200602,76064.397.36$20,315
Mar 200602,94356.707.08$20,845
Feb 200602,49057.597.75$19,300
Jan 200602,98360.598.93$26,648
Dec 200503,07454.9413.42$41,239
Nov 200502,92954.6910.59$31,013
Oct 200502,89658.3413.80$39,953
Sep 200503,10361.4512.08$37,481
Aug 200503,41861.519.80$33,486
Jul 200503,00455.697.84$23,562
Jun 200503,05352.337.38$22,534
May 200503,47045.226.65$23,080
Apr 200503,50749.207.36$25,813
Mar 200503,84850.377.15$27,532
Feb 200503,63145.226.31$22,919
Jan 200504,89243.166.32$30,928
Dec 200404,73339.866.75$31,953
Nov 2004203,67345.286.33$24,157
Oct 200414,79749.706.52$31,303
Sep 200404,80343.245.28$25,379
Aug 200405,75742.375.55$31,955
Jul 200402,91338.286.08$17,723
Jun 200402,39736.106.43$15,420
May 200404,76137.486.49$30,921
Apr 200405,97734.475.86$35,016
Mar 200405,30534.365.53$29,337
Feb 200415,67732.455.51$31,311
Jan 200406,51032.036.30$41,011
Dec 200306,62930.266.30$41,774
Nov 200315,59428.804.60$25,734
Oct 200306,47828.174.76$30,833
Sep 200306,49726.314.75$30,857
Aug 20030029.765.13$0
Jul 200301,99029.415.17$10,290
Jun 200304,04928.565.98$24,225
May 200304,65126.595.97$27,779
Apr 200305,23126.675.41$28,285
Mar 200305,90131.146.10$35,973
Feb 200304,54433.487.93$36,015
Jan 200316,16130.315.58$34,421
Dec 200207,84026.914.85$38,053
Nov 200206,49724.664.14$26,878
Oct 2002010,15226.464.23$42,934
Sep 200207,82727.443.64$28,453
Aug 200214,61025.963.16$14,613
Jul 200202,82124.583.06$8,637
Jun 200202,85423.733.34$9,527
May 200203,76124.663.58$13,479
Apr 200204,01123.653.51$14,088
Mar 200202,32522.003.10$7,214
Feb 200202,37018.222.38$5,630
Jan 200203,13717.172.38$7,453
Dec 200102,72916.932.36$6,452
Nov 200113,46318.072.41$8,348
Oct 200102,61019.782.53$6,600
Sep 200102,38824.262.25$5,376
Aug 200102,64824.873.05$8,085
Jul 200101,14123.933.20$3,648
Jun 200103,30624.563.82$12,643
May 200102,91325.524.31$12,547
Apr 200103,54324.685.34$18,903
Mar 200102,90624.545.38$15,624
Feb 200102,48327.755.77$14,320
Jan 200102,28027.478.40$19,149
Dec 200003,13726.889.12$28,617
Nov 200003,94832.215.66$22,338
Oct 200003,43531.235.15$17,675
Sep 200004,41131.875.19$22,878
Aug 200002,64929.644.54$12,028
Jul 200002,93928.534.09$12,020
Jun 200003,38129.304.40$14,867
May 200002,91127.263.68$10,712
Apr 200004,09324.513.12$12,754
Mar 200002,60628.422.86$7,453
Feb 200004,56527.622.73$12,446
Jan 200002,87425.272.48$7,129
Dec 199903,61024.282.42$8,750
Nov 199905,06323.192.43$12,323
Oct 199902,02220.982.80$5,669
Sep 199903,35921.752.62$8,797
Aug 199903,52419.262.88$10,134
Jul 199903,46017.892.37$8,208
Jun 199902,89615.942.36$6,841
May 199903,77315.792.32$8,757
Apr 199912,88615.102.21$6,388
Mar 199902,95512.471.84$5,432
Feb 199905,0619.981.82$9,200
Jan 199902,50610.381.90$4,761
Dec 199802,6289.201.77$4,660
Nov 199803,82110.892.19$8,352
Oct 199804,63812.421.97$9,133
Sep 199805,33712.592.08$11,115
Aug 199804,62811.301.91$8,827
Jul 199804,27311.742.24$9,560
Jun 199803,25711.242.24$7,287
May 199801,99212.622.21$4,395
Apr 199806,19713.042.51$15,526
Mar 199801,69612.802.31$3,917
Feb 199803,83013.952.30$8,806
Jan 199804,22714.702.15$9,108
Dec 199705,07916.322.41$12,246
Nov 199707,77018.193.09$23,996
Oct 199701,22519.253.15$3,859
Sep 199705,78217.742.95$17,085
Aug 199706,54517.862.55$16,721
Jul 199702,60017.582.25$5,842
Jun 199703,15517.242.26$7,121
May 199702,77218.972.31$6,399
Apr 199703,58017.882.08$7,456
Mar 199708,54118.951.94$16,562
Feb 199702,94320.492.21$6,492
Jan 199703,33423.483.54$11,801
Dec 199607,35723.32$0
Nov 199605,83321.97$0
Oct 199607,06223.31$0
Sep 199602,27222.22$0
Aug 199602,34220.26$0
Jul 199603,81219.55$0
Jun 199604,32218.73$0
May 199603,56219.43$0
Apr 1996011,82121.51$0
Mar 199601,98619.38$0
Feb 199604,70416.98$0
Jan 199605,21017.07$0
Dec 199504,59717.19$0
Nov 199502,67816.00$0
Oct 199502,99415.43$0
Sep 199512,70516.18$16
Aug 199503,13815.92$0
Jul 199507,53915.24$0
Jun 199503,85516.41$0
May 199503,50217.56$0
Apr 199503,62617.73$0
Mar 199505,33216.44$0
Feb 199506,48916.58$0
Jan 1995010,35115.92$0
Dec 199404,18115.03$0
Nov 199409,40315.90$0
Oct 199405,17415.58$0
Sep 199402,98115.29$0
Aug 199408,40216.13$0
Jul 1994112,33517.56$18
Jun 1994013,99517.09$0
May 199405,27215.88$0
Apr 199407,62014.14$0
Mar 199403,69312.46$0
Feb 199404,69712.50$0
Jan 199403,88112.66$0
Dec 199304,88612.33$0
Nov 1993018,34614.49$0
Oct 199303,29515.85$0
Sep 199304,38715.03$0
Aug 199309,68015.66$0
Jul 199309,98515.46$0
Jun 199304,19616.79$0
May 199318111,73617.68$3,200
Apr 199309,72518.05$0
Mar 199304,74118.14$0
Feb 199306,28217.90$0
Jan 1993013,15016.93$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.

Jul 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 56.27 =         $0
Gas                  506 Mcf  × $  2.46 =     $1,245

────────────────────────────────────────────────────
Month total                                   $1,245

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. 05/G/126208 is the state's own key, not one this site invented.