REED GAS UNIT NO. 1

Operated by XTO ENERGY INC. (P-5 945936) in the FARRAR, SE (PETTIT) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 183913District 05Field 303257502 tax incentive programmesCondensateGasSaveExport
Value, all time
$204 k
Jun 2001 – May 2019
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
216
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 205 leases and 205 wells, and the rule below applies to all of them.

Discovered
1987-03-15
as the register files it
Field class
Gas
the register's own label
Between wells
600 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2008-08-25.

The Commission's schedule remark for this field reads: PER DOCKET 05-0257882, TOLERANCE ACRES CORRECTED FROM 44 TO 4.

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 Gas112011-03-31201730
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
CondensateDisposition9 bbl$330
GasProduction37,934 Mcf$203,802
Total$204,132

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 31.4538, -96.2924. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45380, -96.29242 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
9,822 ft
1 wells filed one
Completion to plug
17.9 years
median over 1 well

What the state filed about each well

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

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 9,822 ft.

Completions filed
Jun 2001
1 of 1 wells
Plug dates filed
May 2019
1 of 1 wells

Last completion to plug: a median of 17.9 years across the 1 well that filed both dates, with the middle half between 17.9 years and 17.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2933096019,822 ftJun 2001May 2019Yes

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 (216)

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

216 months

May 20190058.482.74$0
Apr 201901,69862.632.75$4,671
Mar 201902,26056.803.06$6,920
Feb 201902,78050.852.79$7,762
Jan 201908646.033.23$278
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 2017023342.493.09$719
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 201601,03546.193.09$3,198
Sep 20160141.553.10$3
Aug 20160541.442.92$15
Jul 20160841.622.92$23
Jun 20160545.352.69$13
May 20160842.521.99$16
Apr 20160036.561.99$0
Mar 20160433.011.79$7
Feb 20160326.472.06$6
Jan 20160427.352.36$9
Dec 20150032.362.00$0
Nov 20150438.792.17$9
Oct 20150043.552.43$0
Sep 20150542.992.76$14
Aug 20150040.162.87$0
Jul 20150248.152.95$6
Jun 20150356.152.88$9
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150542.892.93$15
Feb 20150544.662.98$15
Jan 20150043.433.10$0
Dec 20140654.693.59$22
Nov 20140070.464.25$0
Oct 20140778.303.90$27
Sep 20140086.164.05$0
Aug 201401489.394.04$56
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 201401894.734.73$85
Apr 20140395.944.81$14
Mar 20140395.895.06$15
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130788.853.74$26
Oct 20130097.423.78$0
Sep 2013011104.113.72$41
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130393.964.28$13
Mar 201301093.623.91$39
Feb 20130791.233.42$24
Jan 201301391.603.42$44
Dec 20120786.773.42$24
Nov 20120686.953.62$22
Oct 20120489.383.40$14
Sep 20120394.672.92$9
Aug 20120092.662.91$0
Jul 20120585.133.02$15
Jun 20120479.822.52$10
May 20120091.612.49$0
Apr 201205101.652.00$10
Mar 2012010105.052.22$22
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 201101492.904.64$65
May 20110898.134.40$35
Apr 2011029105.964.33$126
Mar 201102996.364.06$118
Feb 201102485.644.18$100
Jan 201102886.504.59$128
Dec 201002985.734.35$126
Nov 201003080.843.80$114
Oct 201003178.103.51$109
Sep 201003072.633.98$119
Aug 201003173.684.42$137
Jul 201003172.554.74$147
Jun 201003070.364.91$147
May 201003071.124.24$127
Apr 201003081.694.12$124
Mar 201002678.394.39$114
Feb 201002573.585.44$136
Jan 201003074.365.96$179
Dec 200903071.445.48$165
Nov 200902374.593.75$86
Oct 200902772.544.11$111
Sep 200902665.543.06$80
Aug 200903167.423.22$100
Jul 200904261.133.46$146
Jun 200905866.163.90$226
May 200907754.743.93$302
Apr 2009115146.773.59$588
Mar 20091142.144.06$46
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080255.496.86$14
Oct 20080475.246.92$28
Sep 2008019101.767.88$150
Aug 2008025114.228.48$212
Jul 2008014131.0811.39$159
Jun 2008018131.3313.03$235
May 2008013123.1711.57$150
Apr 2008042110.3110.45$439
Mar 2008050101.909.66$483
Feb 200806792.538.77$588
Jan 2008039490.388.21$3,233
Dec 2007023188.337.30$1,687
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 2007012775.846.24$793
Aug 200709469.066.39$600
Jul 2007010070.906.39$639
Jun 2007010662.007.55$800
May 2007015058.747.85$1,177
Apr 2007015359.617.81$1,194
Mar 2007012856.927.30$935
Feb 200709755.108.22$797
Jan 2007010850.306.73$727
Dec 2006012956.656.92$892
Nov 2006015354.207.62$1,165
Oct 2006020754.906.01$1,245
Sep 2006021660.085.04$1,088
Aug 2006025968.717.34$1,901
Jul 2006021369.376.34$1,351
Jun 2006018366.286.38$1,168
May 2006024666.016.42$1,581
Apr 2006020364.397.36$1,494
Mar 2006022556.707.08$1,594
Feb 2006021957.597.75$1,698
Jan 2006026060.598.93$2,323
Dec 2005026154.9413.42$3,501
Nov 2005024754.6910.59$2,615
Oct 2005031358.3413.80$4,318
Sep 2005042061.4512.08$5,073
Aug 2005021161.519.80$2,067
Jul 2005024155.697.84$1,890
Jun 2005027252.337.38$2,008
May 2005033345.226.65$2,215
Apr 2005053049.207.36$3,901
Mar 2005022950.377.15$1,638
Feb 2005111945.226.31$796
Jan 2005133643.166.32$2,167
Dec 2004039839.866.75$2,687
Nov 2004062445.286.33$3,950
Oct 2004072149.706.52$4,697
Sep 2004060143.245.28$3,176
Aug 2004148842.375.55$2,751
Jul 2004068838.286.08$4,186
Jun 2004069036.106.43$4,439
May 2004063937.486.49$4,150
Apr 2004072034.475.86$4,218
Mar 200401,31134.365.53$7,250
Feb 200411,07132.455.51$5,933
Jan 2004099732.036.30$6,281
Dec 2003094130.266.30$5,930
Nov 200311,11128.804.60$5,134
Oct 2003084028.174.76$3,998
Sep 2003090826.314.75$4,312
Aug 200301,05829.765.13$5,427
Jul 2003070329.415.17$3,635
Jun 2003068928.565.98$4,122
May 2003095126.595.97$5,680
Apr 2003069826.675.41$3,774
Mar 200301,14331.146.10$6,968
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 2001048124.262.25$1,083
Aug 2001072424.873.05$2,210
Jul 200101,11423.933.20$3,562
Jun 2001240724.563.82$1,606

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.

Apr 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 62.63 =         $0
Gas                1,698 Mcf  × $  2.75 =     $4,671

────────────────────────────────────────────────────
Month total                                   $4,671

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/183913 is the state's own key, not one this site invented.