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 189865District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.2 M
May 2002 – May 2026
Value, last 12 filed months
$63 k
at the published price for each month
Months reported
289
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 Gas112002-09-30148616
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
CondensateDisposition5 bbl$312
GasProduction2,094,280 Mcf$11,186,494
Total$11,186,806

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 31.4969, -96.2890. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.49693, -96.28903 · 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
12,989 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 12,989 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-16132288312,989 ftMar 2006

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 (289)

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

289 months

May 20260856106.413.05$2,607
Apr 202601,40298.932.87$4,023
Mar 202601,17189.753.15$3,688
Feb 2026064563.503.75$2,419
Jan 202601,30559.138.00$10,437
Dec 202501,72356.664.41$7,604
Nov 202501,61958.593.93$6,357
Oct 202501,63259.383.30$5,394
Sep 202501,35462.743.08$4,166
Aug 202501,68563.933.01$5,080
Jul 202501,78666.743.32$5,921
Jun 202501,81966.483.13$5,691
May 202501,94760.553.23$6,293
Apr 202501,43062.363.54$5,067
Mar 202502,27767.704.27$9,719
Feb 202501,64670.884.34$7,145
Jan 202501,92774.324.28$8,245
Dec 202402,49968.993.12$7,800
Nov 2024071869.052.20$1,578
Oct 202401,96071.372.28$4,472
Sep 202401,87669.612.36$4,436
Aug 202401,91775.632.06$3,956
Jul 202401,88679.932.15$4,048
Jun 202412,17378.082.63$5,802
May 202412,43578.812.20$5,432
Apr 202401,96784.451.66$3,264
Mar 202402,66880.301.55$4,122
Feb 2024076976.091.78$1,372
Jan 202401,70373.023.30$5,616
Dec 202302,26071.262.61$5,900
Nov 202302,35777.892.81$6,617
Oct 202302,15385.443.09$6,647
Sep 202301,28589.042.74$3,515
Aug 202301,87780.522.67$5,017
Jul 2023080274.852.64$2,119
Jun 202302,13268.962.26$4,815
May 202302,10970.622.23$4,698
Apr 202301,99878.122.24$4,471
Mar 202302,70672.852.39$6,476
Feb 202301,58175.112.47$3,898
Jan 202301,26676.533.39$4,289
Dec 202201,36176.415.73$7,797
Nov 202202,05085.005.65$11,575
Oct 202202,04887.185.86$12,009
Sep 202202,35984.888.16$19,258
Aug 202202,29194.529.13$20,910
Jul 202202,327101.587.54$17,550
Jun 20220854115.097.98$6,813
May 202201,502109.378.43$12,666
Apr 202201,796104.226.84$12,280
Mar 202202,406108.885.08$12,214
Feb 202201,90791.054.86$9,266
Jan 202202,07881.844.54$9,429
Dec 202101,93471.323.90$7,541
Nov 202103,71377.435.24$19,444
Oct 202102,20079.795.71$12,571
Sep 202101,08569.865.35$5,806
Aug 202102,80666.024.22$11,843
Jul 202102,22070.783.98$8,840
Jun 2021071769.493.38$2,424
May 202101,04063.483.02$3,138
Apr 202101,38160.362.76$3,809
Mar 202101,37261.302.72$3,728
Feb 202101,36657.805.55$7,579
Jan 2021096050.412.81$2,698
Dec 202002,81044.642.68$7,518
Nov 202002,19138.772.71$5,930
Oct 202001,15336.972.48$2,858
Sep 202003,15637.091.99$6,284
Aug 202001,17439.982.39$2,800
Jul 202001,79438.371.83$3,274
Jun 202001,18234.901.69$1,998
May 202001,07116.921.81$1,944
Apr 202001,02314.751.80$1,846
Mar 202001,33430.341.86$2,476
Feb 202001,91749.881.98$3,797
Jan 202001,81857.252.09$3,808
Dec 201901,75959.012.30$4,053
Nov 201902,58155.302.75$7,100
Oct 201901,24853.472.42$3,018
Sep 201901,98955.052.66$5,285
Aug 201901,83053.112.30$4,217
Jul 201902,64056.272.46$6,495
Jun 201901,61352.782.49$4,018
May 201901,16558.482.74$3,192
Apr 201901,23562.632.75$3,397
Mar 201901,86256.803.06$5,702
Feb 201901,35850.852.79$3,792
Jan 201901,90646.033.23$6,153
Dec 201801,31546.594.19$5,504
Nov 201801,02752.934.24$4,352
Oct 201802,00761.443.40$6,820
Sep 201802,31959.543.11$7,207
Aug 201802,26359.403.07$6,940
Jul 201802,53265.142.93$7,424
Jun 201802,61160.183.08$8,034
May 201802,58265.382.90$7,490
Apr 201802,67463.842.90$7,757
Mar 201802,69261.222.79$7,502
Feb 201802,76561.782.77$7,648
Jan 201801,95662.874.01$7,842
Dec 201702,64757.272.92$7,733
Nov 201702,73755.423.12$8,535
Oct 201702,81549.292.98$8,399
Sep 201702,56947.523.09$7,931
Aug 201702,75545.373.00$8,277
Jul 201702,90943.873.09$8,981
Jun 201702,58142.493.09$7,968
May 201702,65445.373.26$8,661
Apr 201702,50447.933.21$8,042
Mar 201702,84246.772.98$8,480
Feb 201702,63250.452.95$7,771
Jan 201702,36849.413.42$8,096
Dec 201602,81848.763.72$10,491
Nov 201602,90642.492.64$7,684
Oct 201602,93946.193.09$9,082
Sep 201602,86041.553.10$8,868
Aug 201602,82741.442.92$8,267
Jul 201603,01341.622.92$8,811
Jun 201602,35645.352.69$6,328
May 201602,92342.521.99$5,820
Apr 201603,04236.561.99$6,057
Mar 201603,17133.011.79$5,689
Feb 201602,81526.472.06$5,809
Jan 201603,22027.352.36$7,613
Dec 201503,16232.362.00$6,328
Nov 201502,38338.792.17$5,165
Oct 201503,22443.552.43$7,823
Sep 201503,19842.992.76$8,821
Aug 201503,11140.162.87$8,936
Jul 201503,28648.152.95$9,678
Jun 201503,29056.152.88$9,485
May 201503,48355.212.96$10,294
Apr 201503,36749.822.71$9,113
Mar 201503,47042.892.93$10,183
Feb 201503,13944.662.98$9,342
Jan 201503,49543.433.10$10,837
Dec 201403,19654.693.59$11,478
Nov 201403,40570.464.25$14,478
Oct 201403,56478.303.90$13,903
Sep 201403,58386.164.05$14,495
Aug 201403,69989.394.04$14,926
Jul 201403,75996.564.18$15,711
Jun 201403,92798.164.74$18,602
May 201404,33794.734.73$20,499
Apr 201403,29295.944.81$15,832
Mar 201403,36895.895.06$17,031
Feb 201402,97897.406.19$18,440
Jan 201403,65790.404.86$17,776
Dec 201303,42691.824.35$14,918
Nov 201303,72488.853.74$13,921
Oct 201303,74497.423.78$14,150
Sep 201304,186104.113.72$15,562
Aug 201304,177104.253.52$14,714
Jul 201303,677102.523.72$13,670
Jun 201303,91694.403.93$15,403
May 201303,90194.834.15$16,186
Apr 201303,86793.964.28$16,561
Mar 201304,01393.623.91$15,702
Feb 201303,35091.233.42$11,457
Jan 201303,90391.603.42$13,348
Dec 201204,36286.773.42$14,919
Nov 201204,13686.953.62$14,993
Oct 201203,85489.383.40$13,102
Sep 201204,21794.672.92$12,307
Aug 201204,08292.662.91$11,871
Jul 201204,24085.133.02$12,808
Jun 201203,96079.822.52$9,975
May 201204,34991.612.49$10,822
Apr 201204,018101.652.00$8,023
Mar 201204,413105.052.22$9,806
Feb 201204,406101.102.57$11,324
Jan 201204,70498.092.73$12,861
Dec 201104,26696.873.24$13,821
Nov 201104,66195.723.31$15,434
Oct 201105,03984.983.65$18,385
Sep 201104,84783.623.99$19,319
Aug 201105,24883.404.15$21,776
Jul 201105,61894.144.52$25,378
Jun 201105,20192.904.64$24,132
May 201104,83898.134.40$21,311
Apr 201105,140105.964.33$22,273
Mar 201105,77496.364.06$23,427
Feb 201104,87385.644.18$20,369
Jan 201105,31686.504.59$24,394
Dec 201005,82085.734.35$25,304
Nov 201005,17280.843.80$19,629
Oct 201005,87778.103.51$20,622
Sep 201006,16872.633.98$24,545
Aug 201006,40773.684.42$28,315
Jul 201006,64172.554.74$31,455
Jun 201006,76770.364.91$33,229
May 201005,53671.124.24$23,446
Apr 201006,48781.694.12$26,744
Mar 201002,58078.394.39$11,323
Feb 201002,76773.585.44$15,059
Jan 201005,83374.365.96$34,789
Dec 200905,73371.445.48$31,438
Nov 200904,99274.593.75$18,727
Oct 200906,37072.544.11$26,182
Sep 200905,77465.543.06$17,696
Aug 200906,39667.423.22$20,586
Jul 200907,27361.133.46$25,197
Jun 200907,92866.163.90$30,880
May 200902,32554.743.93$9,127
Apr 200903,75746.773.59$13,478
Mar 200906,31242.144.06$25,620
Feb 200906,18032.814.63$28,632
Jan 200907,50835.865.37$40,325
Dec 200807,74237.105.98$46,275
Nov 200803,14855.496.86$21,596
Oct 200804,21175.246.92$29,148
Sep 200806,405101.767.88$50,453
Aug 200807,209114.228.48$61,154
Jul 200806,967131.0811.39$79,350
Jun 200806,843131.3313.03$89,182
May 200807,579123.1711.57$87,722
Apr 200807,480110.3110.45$78,202
Mar 200808,343101.909.66$80,627
Feb 200807,98992.538.77$70,068
Jan 200806,98390.388.21$57,301
Dec 200706,78388.337.30$49,529
Nov 200709,01191.677.29$65,706
Oct 200708,46682.856.92$58,601
Sep 200709,31875.846.24$58,183
Aug 200709,80169.066.39$62,608
Jul 200709,45170.906.39$60,372
Jun 200709,03262.007.55$68,178
May 200709,23558.747.85$72,460
Apr 2007010,39559.617.81$81,135
Mar 2007011,56656.927.30$84,455
Feb 2007010,68455.108.22$87,780
Jan 2007011,60850.306.73$78,085
Dec 2006012,48056.656.92$86,342
Nov 2006012,40354.207.62$94,480
Oct 2006012,34154.906.01$74,216
Sep 2006010,72760.085.04$54,034
Aug 200607,78768.717.34$57,156
Jul 2006010,32469.376.34$65,483
Jun 2006012,99466.286.38$82,952
May 2006012,28166.016.42$78,905
Apr 2006112,23864.397.36$90,142
Mar 2006013,66156.707.08$96,760
Feb 2006010,62957.597.75$82,387
Jan 2006013,30160.598.93$118,822
Dec 2005013,47154.9413.42$180,719
Nov 2005012,43454.6910.59$131,656
Oct 2005013,43058.3413.80$185,277
Sep 2005013,05361.4512.08$157,667
Aug 2005014,28161.519.80$139,909
Jul 2005014,72255.697.84$115,474
Jun 2005014,62352.337.38$107,933
May 2005015,93545.226.65$105,986
Apr 2005015,16449.207.36$111,614
Mar 2005015,44650.377.15$110,514
Feb 2005215,35345.226.31$96,997
Jan 2005018,16443.166.32$114,836
Dec 2004017,36939.866.75$117,260
Nov 2004018,99345.286.33$120,234
Oct 2004019,17749.706.52$124,940
Sep 2004020,39643.245.28$107,770
Aug 2004016,66742.375.55$92,513
Jul 2004019,48438.286.08$118,544
Jun 2004020,11036.106.43$129,368
May 2004022,19837.486.49$144,167
Apr 2004019,74834.475.86$115,693
Mar 2004023,15134.365.53$128,028
Feb 2004023,46932.455.51$129,305
Jan 2004027,39832.036.30$172,598
Dec 2003029,41830.266.30$185,382
Nov 2003032,01528.804.60$147,114
Oct 2003034,86628.174.76$165,950
Sep 2003023,34826.314.75$110,888
Aug 2003026,31729.765.13$134,999
Jul 2003027,61129.415.17$142,772
Jun 2003028,51328.565.98$170,592
May 2003027,38726.595.97$163,574
Apr 2003026,42426.675.41$142,882
Mar 2003031,16231.146.10$189,965
Feb 2003031,50433.487.93$249,697
Jan 2003034,50930.315.58$192,631
Dec 2002036,75426.914.85$178,395
Nov 2002043,77124.664.14$181,079
Oct 2002051,14026.464.23$216,277
Sep 2002054,22827.443.64$197,130
Aug 2002072,24625.963.16$228,598
Jul 2002092,41924.583.06$282,965
Jun 20020023.733.34$0
May 200203,02624.663.58$10,845

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                  856 Mcf  × $  3.05 =     $2,607

────────────────────────────────────────────────────
Month total                                   $2,607

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/189865 is the state's own key, not one this site invented.