REED "P" NO.1 GAS UNIT

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the FREESTONE (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 150944District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.9 M
Jun 1994 – May 2026
Value, last 12 filed months
$28 k
at the published price for each month
Months reported
384
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 960 leases and 960 wells, and the rule below applies to all of them.

Discovered
2006-02-28
as the register files it
Field class
Gas
the register's own label
Between wells
600 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 2016-11-15.

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: PLATS FOR INDIVIDUAL WELLS IN THE FIELD IF THEY CHOOSE.

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 Gas111994-10-03130607
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
CondensateDisposition1,081 bbl$21,690
GasProduction1,812,986 Mcf$5,873,292
Total$5,894,983

471,416 Mcf of this lease's gas, across 30 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 31.4971, -96.2933. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.49712, -96.29328 · 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
11,912 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 11,912 ft.

Completions filed
Jun 1994
1 of 1 wells

1 well

42-16131245211,912 ftJun 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 (384)

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

384 months

May 20265763106.413.05$2,856
Apr 2026156798.932.87$1,726
Mar 2026055589.753.15$1,748
Feb 2026034963.503.75$1,309
Jan 2026469859.138.00$5,819
Dec 2025355556.664.41$2,619
Nov 2025155258.593.93$2,226
Oct 2025251559.383.30$1,821
Sep 2025060762.743.08$1,868
Aug 2025151463.933.01$1,614
Jul 2025365566.743.32$2,372
Jun 2025050366.483.13$1,574
May 2025052860.553.23$1,707
Apr 2025055462.363.54$1,963
Mar 2025059767.704.27$2,548
Feb 2025051470.884.34$2,231
Jan 2025037774.324.28$1,613
Dec 2024026668.993.12$830
Nov 2024039269.052.20$862
Oct 2024026071.372.28$593
Sep 2024036769.612.36$868
Aug 2024018375.632.06$378
Jul 2024022979.932.15$492
Jun 2024029478.082.63$774
May 2024035678.812.20$783
Apr 2024030684.451.66$508
Mar 2024028180.301.55$434
Feb 2024037076.091.78$660
Jan 2024030373.023.30$999
Dec 2023044271.262.61$1,154
Nov 2023026977.892.81$755
Oct 2023042885.443.09$1,321
Sep 2023029589.042.74$807
Aug 2023044680.522.67$1,192
Jul 2023038674.852.64$1,020
Jun 2023039368.962.26$888
May 2023046470.622.23$1,034
Apr 2023035778.122.24$799
Mar 2023045672.852.39$1,091
Feb 2023030875.112.47$759
Jan 2023047376.533.39$1,602
Dec 2022037576.415.73$2,148
Nov 2022047885.005.65$2,699
Oct 2022039087.185.86$2,287
Sep 2022045884.888.16$3,739
Aug 2022035994.529.13$3,277
Jul 20220460101.587.54$3,469
Jun 20220457115.097.98$3,646
May 20220377109.378.43$3,179
Apr 20220485104.226.84$3,316
Mar 20220420108.885.08$2,132
Feb 2022045891.054.86$2,225
Jan 2022045881.844.54$2,078
Dec 2021046271.323.90$1,801
Nov 2021051877.435.24$2,713
Oct 2021041879.795.71$2,388
Sep 2021052169.865.35$2,788
Aug 2021044066.024.22$1,857
Jul 2021047970.783.98$1,907
Jun 2021049969.493.38$1,687
May 2021055763.483.02$1,681
Apr 2021045360.362.76$1,250
Mar 2021050461.302.72$1,369
Feb 2021045257.805.55$2,508
Jan 2021056750.412.81$1,593
Dec 2020048944.642.68$1,308
Nov 2020048738.772.71$1,318
Oct 2020059936.972.48$1,485
Sep 2020052137.091.99$1,037
Aug 2020059739.982.39$1,424
Jul 2020062038.371.83$1,132
Jun 2020051634.901.69$872
May 2020064016.921.81$1,161
Apr 2020052714.751.80$951
Mar 2020064430.341.86$1,195
Feb 2020054649.881.98$1,081
Jan 2020063957.252.09$1,339
Dec 2019063059.012.30$1,452
Nov 2019061455.302.75$1,689
Oct 2019057353.472.42$1,386
Sep 2019061755.052.66$1,640
Aug 2019051953.112.30$1,196
Jul 2019064356.272.46$1,582
Jun 2019053352.782.49$1,328
May 2019062858.482.74$1,721
Apr 2019062762.632.75$1,725
Mar 2019057356.803.06$1,755
Feb 2019065350.852.79$1,823
Jan 2019057546.033.23$1,856
Dec 2018056946.594.19$2,382
Nov 2018059352.934.24$2,513
Oct 2018067761.443.40$2,301
Sep 2018062259.543.11$1,933
Aug 2018063459.403.07$1,944
Jul 2018069565.142.93$2,038
Jun 2018033060.183.08$1,015
May 2018072665.382.90$2,106
Apr 2018041063.842.90$1,189
Mar 2018083761.222.79$2,333
Feb 2018052661.782.77$1,455
Jan 2018047562.874.01$1,904
Dec 2017058857.272.92$1,718
Nov 2017065855.423.12$2,052
Oct 2017074949.292.98$2,235
Sep 2017082447.523.09$2,544
Aug 201701,20745.373.00$3,626
Jul 2017072643.873.09$2,241
Jun 2017084242.493.09$2,599
May 201701,00945.373.26$3,293
Apr 201701,29147.933.21$4,146
Mar 201701,34146.772.98$4,001
Feb 2017087950.452.95$2,595
Jan 2017097749.413.42$3,340
Dec 201601,28548.763.72$4,784
Nov 201601,38442.492.64$3,660
Oct 201601,04746.193.09$3,236
Sep 201601,49941.553.10$4,648
Aug 201602,80241.442.92$8,194
Jul 201602,60641.622.92$7,621
Jun 201602,71345.352.69$7,287
May 201602,25242.521.99$4,484
Apr 201601,55036.561.99$3,086
Mar 201601,47833.011.79$2,652
Feb 201602,47726.472.06$5,112
Jan 201602,80127.352.36$6,623
Dec 201502,80532.362.00$5,614
Nov 201502,75538.792.17$5,971
Oct 201502,83343.552.43$6,875
Sep 201503,31142.992.76$9,133
Aug 201502,45140.162.87$7,040
Jul 201502,87648.152.95$8,470
Jun 201502,85156.152.88$8,219
May 201502,90555.212.96$8,586
Apr 201502,86649.822.71$7,757
Mar 201502,87742.892.93$8,443
Feb 201502,76444.662.98$8,226
Jan 201502,98843.433.10$9,265
Dec 201403,20654.693.59$11,514
Nov 201403,19070.464.25$13,563
Oct 201402,26778.303.90$8,843
Sep 201402,32386.164.05$9,398
Aug 201402,36089.394.04$9,523
Jul 201403,29496.564.18$13,768
Jun 201403,32198.164.74$15,731
May 201403,72194.734.73$17,588
Apr 201403,48795.944.81$16,769
Mar 201402,51095.895.06$12,693
Feb 201401,37897.406.19$8,533
Jan 201402,26190.404.86$10,990
Dec 201302,75291.824.35$11,984
Nov 201303,22988.853.74$12,071
Oct 201303,25897.423.78$12,313
Sep 201303,345104.113.72$12,436
Aug 201303,445104.253.52$12,135
Jul 201303,445102.523.72$12,808
Jun 201303,29294.403.93$12,949
May 201303,45494.834.15$14,331
Apr 201303,43093.964.28$14,689
Mar 201303,58593.623.91$14,028
Feb 201303,11991.233.42$10,667
Jan 201303,56891.603.42$12,202
Dec 201203,89686.773.42$13,325
Nov 201203,03886.953.62$11,013
Oct 201203,63689.383.40$12,361
Sep 201203,42594.672.92$9,996
Aug 201203,73492.662.91$10,859
Jul 201203,67485.133.02$11,098
Jun 201203,48579.822.52$8,779
May 201203,58291.612.49$8,913
Apr 201203,540101.652.00$7,069
Mar 201203,711105.052.22$8,246
Feb 201203,407101.102.57$8,757
Jan 201203,65398.092.73$9,988
Dec 201103,73296.873.24$12,091
Nov 201103,62495.723.31$12,000
Oct 201103,80784.983.65$13,890
Sep 201103,84583.623.99$15,325
Aug 201104,05783.404.15$16,834
Jul 201104,15494.144.52$18,765
Jun 201103,90092.904.64$18,096
May 201104,16398.134.40$18,337
Apr 201103,951105.964.33$17,121
Mar 201104,20496.364.06$17,057
Feb 201103,99185.644.18$16,682
Jan 201104,64386.504.59$21,306
Dec 201003,95385.734.35$17,187
Nov 201004,35480.843.80$16,525
Oct 201004,48978.103.51$15,751
Sep 201004,29472.633.98$17,088
Aug 201004,50373.684.42$19,900
Jul 201004,97472.554.74$23,559
Jun 201003,57270.364.91$17,540
May 201004,13971.124.24$17,530
Apr 201004,52581.694.12$18,655
Mar 201004,73378.394.39$20,772
Feb 201004,34973.585.44$23,669
Jan 201004,99074.365.96$29,761
Dec 200905,01271.445.48$27,485
Nov 200904,97074.593.75$18,645
Oct 200905,24472.544.11$21,554
Sep 200905,36765.543.06$16,449
Aug 200906,04167.423.22$19,443
Jul 200905,45061.133.46$18,882
Jun 200901,27466.163.90$4,962
May 200901,46454.743.93$5,747
Apr 200904,78646.773.59$17,170
Mar 200904,79742.144.06$19,471
Feb 200904,48132.814.63$20,760
Jan 200905,14935.865.37$27,655
Dec 200805,20237.105.98$31,093
Nov 200805,22455.496.86$35,839
Oct 200805,13075.246.92$35,510
Sep 200805,193101.767.88$40,906
Aug 200805,218114.228.48$44,264
Jul 200805,761131.0811.39$65,615
Jun 200804,951131.3313.03$64,525
May 200805,201123.1711.57$60,198
Apr 200805,291110.3110.45$55,317
Mar 200805,593101.909.66$54,051
Feb 200805,45992.538.77$47,879
Jan 200805,89890.388.21$48,397
Dec 200705,92188.337.30$43,235
Nov 200705,61691.677.29$40,950
Oct 200705,97982.856.92$41,387
Sep 200705,50675.846.24$34,380
Aug 200706,21069.066.39$39,669
Jul 200706,22570.906.39$39,765
Jun 200706,14762.007.55$46,400
May 200706,41858.747.85$50,357
Apr 200706,39059.617.81$49,875
Mar 200706,80656.927.30$49,697
Feb 200705,95955.108.22$48,959
Jan 200706,87750.306.73$46,261
Dec 200607,04456.656.92$48,733
Nov 200617,37254.207.62$56,210
Oct 200607,72554.906.01$46,457
Sep 200607,55460.085.04$38,051
Aug 200608,02968.717.34$58,932
Jul 200617,34969.376.34$46,682
Jun 200605,72066.286.38$36,516
May 200638,12566.016.42$52,401
Apr 200608,65564.397.36$63,705
Mar 200609,51256.707.08$67,373
Feb 200608,50157.597.75$65,892
Jan 200618,82460.598.93$78,888
Dec 200501,04254.9413.42$13,979
Nov 2005057754.6910.59$6,110
Oct 200501,23958.3413.80$17,093
Sep 200501,35061.4512.08$16,307
Aug 200501,86061.519.80$18,222
Jul 200502,41155.697.84$18,911
Jun 200503,66252.337.38$27,029
May 200505,97345.226.65$39,727
Apr 200505,38149.207.36$39,607
Mar 200505,79450.377.15$41,455
Feb 200502,67645.226.31$16,891
Jan 200505,49143.166.32$34,715
Dec 200405,21139.866.75$35,180
Nov 200407,74245.286.33$49,010
Oct 200407,83949.706.52$51,072
Sep 200402,36543.245.28$12,496
Aug 200403,79642.375.55$21,070
Jul 200406,27538.286.08$38,178
Jun 200406,08636.106.43$39,151
May 200407,13037.486.49$46,306
Apr 200408,17634.475.86$47,899
Mar 200409,38134.365.53$51,878
Feb 200401,96632.455.51$10,832
Jan 200401,15732.036.30$7,289
Dec 200301,65130.266.30$10,404
Nov 200301,93228.804.60$8,878
Oct 2003039228.174.76$1,866
Sep 200301,67426.314.75$7,950
Aug 200302,61729.765.13$13,424
Jul 200307,10629.415.17$36,744
Jun 200306,69228.565.98$40,038
May 200308,13626.595.97$48,594
Apr 200308,08526.675.41$43,718
Mar 200308,47131.146.10$51,640
Feb 200317,77533.487.93$61,657
Jan 200308,34130.315.58$46,560
Dec 200208,20126.914.85$39,806
Nov 200207,04624.664.14$29,149
Oct 200209,06826.464.23$38,350
Sep 200209,30727.443.64$33,833
Aug 200209,72425.963.16$30,768
Jul 2002010,13724.583.06$31,037
Jun 200209,83023.733.34$32,815
May 2002011,63024.663.58$41,682
Apr 2002011,32723.653.51$39,784
Mar 2002011,63522.003.10$36,100
Feb 200209,45618.222.38$22,464
Jan 2002011,45417.172.38$27,211
Dec 200109,46116.932.36$22,370
Nov 200105,60018.072.41$13,471
Oct 200106719.782.53$169
Sep 2001018024.262.25$405
Aug 2001010024.873.05$305
Jul 2001085523.933.20$2,734
Jun 200101,28124.563.82$4,899
May 200101,16025.524.31$4,996
Apr 200101,03224.685.34$5,506
Mar 200101,66224.545.38$8,936
Feb 200102,80327.755.77$16,165
Jan 200102,08627.478.40$17,520
Dec 2000037226.889.12$3,394
Nov 2000037232.215.66$2,105
Oct 200005,15331.235.15$26,515
Sep 2000210,13331.875.19$52,619
Aug 200019,63629.644.54$43,784
Jul 200018,68328.534.09$35,540
Jun 200019,16629.304.40$40,334
May 2000110,21327.263.68$37,609
Apr 200012612,38024.513.12$41,664
Mar 2000638,15228.422.86$25,103
Feb 200009,07127.622.73$24,732
Jan 2000011,80625.272.48$29,285
Dec 1999011,98124.282.42$29,039
Nov 1999611,11423.192.43$27,191
Oct 199935,92720.982.80$16,681
Sep 199902,59521.752.62$6,796
Aug 1999045319.262.88$1,303
Jul 199902,06317.892.37$4,894
Jun 199903,39715.942.36$8,024
May 199929,03615.792.32$21,004
Apr 199919,49515.102.21$20,981
Mar 1999011,77612.471.84$21,648
Feb 1999012,1549.981.82$22,093
Jan 1999111,69710.381.90$22,234
Dec 1998011,9249.201.77$21,145
Nov 199805,06810.892.19$11,077
Oct 199803,44412.421.97$6,782
Sep 1998310,76712.592.08$22,461
Aug 1998011,76511.301.91$22,440
Jul 1998012,66011.742.24$28,324
Jun 199806,88011.242.24$15,392
May 199804,34612.622.21$9,589
Apr 1998110,40713.042.51$26,086
Mar 199808,81112.802.31$20,348
Feb 199829,00213.952.30$20,725
Jan 199805,37214.702.15$11,576
Dec 199705,18316.322.41$12,497
Nov 1997111,51018.193.09$35,564
Oct 1997012,70619.253.15$40,022
Sep 1997112,66817.742.95$37,450
Aug 199719,58417.862.55$24,502
Jul 199711116,21317.582.25$38,381
Jun 199705,73717.242.26$12,950
May 199705,51518.972.31$12,731
Apr 199719,10817.882.08$18,988
Mar 199705,34118.951.94$10,357
Feb 1997011,73120.492.21$25,877
Jan 1997013,71923.483.54$48,561
Dec 199605,92023.32$0
Nov 199617,16321.97$22
Oct 1996016,96723.31$0
Sep 199607,87622.22$0
Aug 1996414,73020.26$81
Jul 19961118,95819.55$215
Jun 19961217,81618.73$225
May 199607,07219.43$0
Apr 19961438,41621.51$3,076
Mar 19961119,05019.38$213
Feb 199613423,12616.98$2,275
Jan 199602,72117.07$0
Dec 199507,83917.19$0
Nov 199518,20416.00$16
Oct 199518514,49815.43$2,855
Sep 1995315,19416.18$49
Aug 1995317,55715.92$48
Jul 1995515,67315.24$76
Jun 1995419,10916.41$66
May 1995319,34617.56$53
Apr 1995422,83917.73$71
Mar 1995431,06716.44$66
Feb 1995223,00216.58$33
Jan 1995016,77815.92$0
Dec 199418612,71415.03$2,796
Nov 1994314,36215.90$48
Oct 1994124,75415.58$16
Sep 1994227,35315.29$31
Aug 1994225,97016.13$32
Jul 199415,34217.56$18
Jun 19940017.09$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             5 bbl  × $106.41 =       $532
Gas                  763 Mcf  × $  3.05 =     $2,324

────────────────────────────────────────────────────
Month total                                   $2,856

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/150944 is the state's own key, not one this site invented.