REED GAS UNIT NO. II

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the FARRAR (COTTON VALLEY LIME) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 148768District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.4 M
Jan 1994 – May 2026
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
389
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 478 leases and 478 wells, and the rule below applies to all of them.

Discovered
1977-03-17
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 2010-11-30.

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: PRORATION PURPOSES.

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 Gas111994-06-09129617
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
CondensateDisposition595 bbl$9,963
GasProduction463,739 Mcf$1,347,274
Total$1,357,237

157,689 Mcf of this lease's gas, across 36 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 31.4537, -96.3027. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45366, -96.30274 · 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
12,522 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 12,522 ft.

Completions filed
Feb 1994
1 of 1 wells

1 well

42-29330972112,522 ftFeb 1994

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 (389)

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

389 months

May 20260117106.413.05$356
Apr 2026011698.932.87$333
Mar 2026027189.753.15$854
Feb 2026023763.503.75$889
Jan 2026013059.138.00$1,040
Dec 2025012756.664.41$561
Nov 2025027458.593.93$1,076
Oct 2025011359.383.30$373
Sep 2025015062.743.08$462
Aug 2025020763.933.01$624
Jul 2025021766.743.32$719
Jun 2025013066.483.13$407
May 2025012960.553.23$417
Apr 2025025362.363.54$896
Mar 2025013167.704.27$559
Feb 2025020770.884.34$899
Jan 2025027874.324.28$1,189
Dec 2024020668.993.12$643
Nov 2024024769.052.20$543
Oct 2024010271.372.28$233
Sep 2024020469.612.36$482
Aug 2024020775.632.06$427
Jul 2024022979.932.15$492
Jun 2024028478.082.63$748
May 2024012778.812.20$279
Apr 2024024984.451.66$413
Mar 2024029180.301.55$450
Feb 2024031976.091.78$569
Jan 202409873.023.30$323
Dec 2023044871.262.61$1,170
Nov 2023011477.892.81$320
Oct 2023025485.443.09$784
Sep 2023034389.042.74$938
Aug 2023015180.522.67$404
Jul 2023044174.852.64$1,165
Jun 2023014268.962.26$321
May 2023045470.622.23$1,011
Apr 2023012778.122.24$284
Mar 2023044272.852.39$1,058
Feb 2023059975.112.47$1,477
Jan 2023061776.533.39$2,090
Dec 2022025176.415.73$1,438
Nov 2022024885.005.65$1,400
Oct 2022061087.185.86$3,577
Sep 2022031084.888.16$2,531
Aug 2022085694.529.13$7,813
Jul 20220648101.587.54$4,887
Jun 20220268115.097.98$2,138
May 20220228109.378.43$1,923
Apr 20220222104.226.84$1,518
Mar 20220243108.885.08$1,234
Feb 2022023691.054.86$1,147
Jan 2022028781.844.54$1,302
Dec 2021030971.323.90$1,205
Nov 2021025277.435.24$1,320
Oct 2021033479.795.71$1,908
Sep 2021030069.865.35$1,605
Aug 2021028866.024.22$1,216
Jul 2021029770.783.98$1,183
Jun 2021029369.493.38$991
May 2021031263.483.02$942
Apr 2021029660.362.76$816
Mar 2021053161.302.72$1,443
Feb 2021040257.805.55$2,230
Jan 2021023150.412.81$649
Dec 2020025344.642.68$677
Nov 2020025038.772.71$677
Oct 2020027936.972.48$691
Sep 2020024637.091.99$490
Aug 2020042039.982.39$1,002
Jul 2020039238.371.83$715
Jun 2020045434.901.69$767
May 2020037416.921.81$679
Apr 2020035014.751.80$632
Mar 202001,51230.341.86$2,807
Feb 202001,24949.881.98$2,474
Jan 2020081557.252.09$1,707
Dec 2019072559.012.30$1,671
Nov 2019086455.302.75$2,377
Oct 2019080853.472.42$1,954
Sep 2019067555.052.66$1,794
Aug 2019065253.112.30$1,502
Jul 2019099056.272.46$2,435
Jun 2019090752.782.49$2,260
May 2019066258.482.74$1,814
Apr 2019024162.632.75$663
Mar 2019038356.803.06$1,173
Feb 2019023250.852.79$648
Jan 2019034646.033.23$1,117
Dec 2018084146.594.19$3,520
Nov 2018087552.934.24$3,708
Oct 2018090361.443.40$3,068
Sep 2018078659.543.11$2,443
Aug 2018071459.403.07$2,190
Jul 2018074165.142.93$2,173
Jun 2018051060.183.08$1,569
May 2018044765.382.90$1,297
Apr 2018043463.842.90$1,259
Mar 2018084961.222.79$2,366
Feb 2018034361.782.77$949
Jan 2018052862.874.01$2,117
Dec 2017040657.272.92$1,186
Nov 2017052655.423.12$1,640
Oct 2017070749.292.98$2,109
Sep 2017056547.523.09$1,744
Aug 2017029345.373.00$880
Jul 2017058443.873.09$1,803
Jun 2017065842.493.09$2,031
May 2017056145.373.26$1,831
Apr 2017042347.933.21$1,359
Mar 2017041746.772.98$1,244
Feb 2017052450.452.95$1,547
Jan 2017061549.413.42$2,103
Dec 2016085748.763.72$3,190
Nov 2016094442.492.64$2,496
Oct 201601,34046.193.09$4,141
Sep 2016064741.553.10$2,006
Aug 2016086441.442.92$2,527
Jul 201601,14641.622.92$3,351
Jun 2016097345.352.69$2,613
May 2016072742.521.99$1,447
Apr 2016047436.561.99$944
Mar 2016044033.011.79$789
Feb 2016060426.472.06$1,246
Jan 2016062827.352.36$1,485
Dec 2015058132.362.00$1,163
Nov 2015050138.792.17$1,086
Oct 2015056643.552.43$1,373
Sep 2015069242.992.76$1,909
Aug 2015071840.162.87$2,062
Jul 2015033648.152.95$990
Jun 2015031056.152.88$894
May 2015028655.212.96$845
Apr 2015028049.822.71$758
Mar 2015034942.892.93$1,024
Feb 2015039844.662.98$1,185
Jan 2015045043.433.10$1,395
Dec 2014045654.693.59$1,638
Nov 2014045070.464.25$1,913
Oct 2014046078.303.90$1,794
Sep 2014057486.164.05$2,322
Aug 2014073389.394.04$2,958
Jul 2014046496.564.18$1,939
Jun 2014047798.164.74$2,259
May 2014055394.734.73$2,614
Apr 2014082095.944.81$3,943
Mar 2014034895.895.06$1,760
Feb 2014027397.406.19$1,690
Jan 2014032690.404.86$1,585
Dec 2013030191.824.35$1,311
Nov 2013035388.853.74$1,320
Oct 2013042897.423.78$1,618
Sep 20130352104.113.72$1,309
Aug 20130444104.253.52$1,564
Jul 20130514102.523.72$1,911
Jun 2013062894.403.93$2,470
May 2013074394.834.15$3,083
Apr 2013085893.964.28$3,674
Mar 2013088993.623.91$3,479
Feb 2013055491.233.42$1,895
Jan 2013089091.603.42$3,044
Dec 201201,03986.773.42$3,554
Nov 201201,34186.953.62$4,861
Oct 201201,43189.383.40$4,865
Sep 201201,42794.672.92$4,165
Aug 201201,65892.662.91$4,822
Jul 201201,37085.133.02$4,139
Jun 201201,37179.822.52$3,454
May 201201,85191.612.49$4,606
Apr 20120425101.652.00$849
Mar 20120452105.052.22$1,004
Feb 20120440101.102.57$1,131
Jan 2012047798.092.73$1,304
Dec 2011052696.873.24$1,704
Nov 2011056595.723.31$1,871
Oct 2011057284.983.65$2,087
Sep 201101,66883.623.99$6,648
Aug 201101,47483.404.15$6,116
Jul 2011029494.144.52$1,328
Jun 201102,03592.904.64$9,442
May 201103598.134.40$154
Apr 20110119105.964.33$516
Mar 201109496.364.06$381
Feb 2011011585.644.18$481
Jan 2011034786.504.59$1,592
Dec 2010036285.734.35$1,574
Nov 2010053880.843.80$2,042
Oct 2010057078.103.51$2,000
Sep 2010088472.633.98$3,518
Aug 2010036273.684.42$1,600
Jul 2010036072.554.74$1,705
Jun 2010034970.364.91$1,714
May 2010033571.124.24$1,419
Apr 2010031381.694.12$1,290
Mar 2010031478.394.39$1,378
Feb 2010029073.585.44$1,578
Jan 2010033374.365.96$1,986
Dec 2009058171.445.48$3,186
Nov 2009058674.593.75$2,198
Oct 2009054972.544.11$2,257
Sep 2009034865.543.06$1,067
Aug 2009036667.423.22$1,178
Jul 2009035761.133.46$1,237
Jun 2009034566.163.90$1,344
May 2009034154.743.93$1,339
Apr 2009028746.773.59$1,030
Mar 2009028842.144.06$1,169
Feb 2009083532.814.63$3,869
Jan 200901,47635.865.37$7,928
Dec 200801,07037.105.98$6,396
Nov 2008082355.496.86$5,646
Oct 200801,21675.246.92$8,417
Sep 200801,177101.767.88$9,271
Aug 200801,112114.228.48$9,433
Jul 200801,473131.0811.39$16,777
Jun 20080881131.3313.03$11,482
May 20080959123.1711.57$11,100
Apr 20080837110.3110.45$8,751
Mar 200801,662101.909.66$16,062
Feb 200803,55692.538.77$31,188
Jan 2008049390.388.21$4,045
Dec 2007044488.337.30$3,242
Nov 2007053991.677.29$3,930
Oct 2007055982.856.92$3,869
Sep 2007057575.846.24$3,590
Aug 2007067269.066.39$4,293
Jul 200701,04170.906.39$6,650
Jun 200701,63862.007.55$12,364
May 200702,01558.747.85$15,810
Apr 200702,36259.617.81$18,436
Mar 200701,08456.927.30$7,915
Feb 200701,09555.108.22$8,997
Jan 200701,18150.306.73$7,944
Dec 200601,20456.656.92$8,330
Nov 200601,82954.207.62$13,932
Oct 200601,37554.906.01$8,269
Sep 200601,31560.085.04$6,624
Aug 200602,09268.717.34$15,355
Jul 200601,24569.376.34$7,897
Jun 200621,28166.286.38$8,310
May 200601,51566.016.42$9,734
Apr 200602,21464.397.36$16,296
Mar 2006069656.707.08$4,930
Feb 2006074257.597.75$5,751
Jan 2006086360.598.93$7,709
Dec 2005087054.9413.42$11,671
Nov 2005087554.6910.59$9,265
Oct 2005092958.3413.80$12,816
Sep 2005094461.4512.08$11,403
Aug 200501,06761.519.80$10,453
Jul 200501,21355.697.84$9,514
Jun 200501,35652.337.38$10,009
May 200501,36345.226.65$9,066
Apr 200501,37649.207.36$10,128
Mar 2005076650.377.15$5,481
Feb 2005074145.226.31$4,677
Jan 2005087143.166.32$5,507
Dec 2004089339.866.75$6,029
Nov 2004092845.286.33$5,875
Oct 2004096649.706.52$6,294
Sep 2004187343.245.28$4,656
Aug 200401,03342.375.55$5,734
Jul 2004083238.286.08$5,062
Jun 2004088036.106.43$5,661
May 2004079737.486.49$5,176
Apr 2004072634.475.86$4,253
Mar 2004085934.365.53$4,750
Feb 2004076832.455.51$4,231
Jan 200401,16332.036.30$7,326
Dec 200301,04430.266.30$6,579
Nov 200311,13128.804.60$5,226
Oct 200301,12428.174.76$5,350
Sep 200301,19026.314.75$5,652
Aug 200301,22129.765.13$6,263
Jul 200301,21729.415.17$6,293
Jun 2003098728.565.98$5,905
May 200301,69126.595.97$10,100
Apr 200301,64426.675.41$8,890
Mar 200301,02531.146.10$6,248
Feb 200301,03433.487.93$8,195
Jan 200311,48030.315.58$8,292
Dec 200201,92826.914.85$9,358
Nov 200201,21124.664.14$5,010
Oct 200201,06926.464.23$4,521
Sep 200201,19027.443.64$4,326
Aug 200201,27325.963.16$4,028
Jul 200211,32024.583.06$4,066
Jun 200201,45523.733.34$4,857
May 200201,80524.663.58$6,469
Apr 200201,80223.653.51$6,329
Mar 200201,58322.003.10$4,912
Feb 2002093318.222.38$2,217
Jan 200201,42817.172.38$3,392
Dec 200101,61916.932.36$3,828
Nov 200101,62518.072.41$3,909
Oct 200101,56219.782.53$3,950
Sep 200101,31924.262.25$2,969
Aug 200101,85824.873.05$5,673
Jul 200102,12023.933.20$6,778
Jun 200101,74224.563.82$6,662
May 200101,86425.524.31$8,029
Apr 200101,59324.685.34$8,499
Mar 200101,70224.545.38$9,151
Feb 200101,53127.755.77$8,829
Jan 200101,77727.478.40$14,925
Dec 200001,80026.889.12$16,421
Nov 200002,02032.215.66$11,429
Oct 200001,53031.235.15$7,873
Sep 200001,68431.875.19$8,734
Aug 200001,42229.644.54$6,457
Jul 200001,85628.534.09$7,591
Jun 200002,41529.304.40$10,619
May 200001,41327.263.68$5,199
Apr 200011,62424.513.12$5,085
Mar 2000096928.422.86$2,771
Feb 200001,49627.622.73$4,079
Jan 200001,21425.272.48$3,011
Dec 1999241,03324.282.42$3,086
Nov 199901,34623.192.43$3,276
Oct 199911,52820.982.80$4,305
Sep 199901,26221.752.62$3,305
Aug 199901,50919.262.88$4,339
Jul 199901,50717.892.37$3,575
Jun 199901,57515.942.36$3,720
May 199901,93115.792.32$4,482
Apr 1999098715.102.21$2,179
Mar 199901,49412.471.84$2,746
Feb 199901,3339.981.82$2,423
Jan 199911,07710.381.90$2,057
Dec 199801,8629.201.77$3,302
Nov 1998097710.892.19$2,135
Oct 199802,35712.421.97$4,641
Sep 199801,20412.592.08$2,507
Aug 199812,04711.301.91$3,916
Jul 199802,14111.742.24$4,790
Jun 199801,72911.242.24$3,868
May 199811,87412.622.21$4,147
Apr 199812,18613.042.51$5,490
Mar 199811,42512.802.31$3,304
Feb 199811,09513.952.30$2,532
Jan 199811,83714.702.15$3,973
Dec 199701,22616.322.41$2,956
Nov 1997461,83318.193.09$6,498
Oct 199701,87019.253.15$5,890
Sep 199711,69417.742.95$5,023
Aug 199701,41617.862.55$3,618
Jul 199701,97717.582.25$4,442
Jun 199701,64317.242.26$3,709
May 199711,82918.972.31$4,241
Apr 199712,47917.882.08$5,181
Mar 199702,15318.951.94$4,175
Feb 199702,14320.492.21$4,727
Jan 199702,15023.483.54$7,610
Dec 199602,07523.32$0
Nov 1996662,32321.97$1,450
Oct 199602,71623.31$0
Sep 199602,26122.22$0
Aug 199602,49620.26$0
Jul 199692,57119.55$176
Jun 199602,67318.73$0
May 199613,72219.43$19
Apr 199622,95521.51$43
Mar 199602,32019.38$0
Feb 199602,73316.98$0
Jan 199614,88817.07$17
Dec 199502,01117.19$0
Nov 1995701,69116.00$1,120
Oct 199514,01715.43$15
Sep 199512,76816.18$16
Aug 199501,20315.92$0
Jul 199503,80215.24$0
Jun 199504,07416.41$0
May 199526,08217.56$35
Apr 199513,11217.73$18
Mar 199503,77016.44$0
Feb 199513,78416.58$17
Jan 199504,47215.92$0
Dec 199404,90615.03$0
Nov 199415,19415.90$16
Oct 199406,12115.58$0
Sep 19941656,40315.29$2,523
Aug 199416,66616.13$16
Jul 199407,52017.56$0
Jun 199458,98817.09$85
May 1994116,32315.88$16
Apr 199416812,16014.14$2,376
Mar 19941188112.46$137
Feb 199407,57812.50$0
Jan 1994043012.66$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
Condensate             0 bbl  × $106.41 =         $0
Gas                  117 Mcf  × $  3.05 =       $356

────────────────────────────────────────────────────
Month total                                     $356

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/148768 is the state's own key, not one this site invented.