REED UNIT

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) 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 196474District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.5 M
May 2003 – May 2026
Value, last 12 filed months
$23 k
at the published price for each month
Months reported
277
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 Gas112003-11-05151886
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
CondensateDisposition937 bbl$50,241
GasProduction767,848 Mcf$4,399,928
Total$4,450,169

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 31.4429, -96.3348. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.44292, -96.33480 · 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
13,100 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 13,100 ft.

Completions filed
May 2003
1 of 1 wells

1 well

42-29331496113,100 ftMay 2003

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 (277)

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

277 months

May 20260387106.413.05$1,179
Apr 2026054098.932.87$1,550
Mar 2026057589.753.15$1,811
Feb 2026052063.503.75$1,950
Jan 2026060259.138.00$4,815
Dec 2025062256.664.41$2,745
Nov 2025052558.593.93$2,061
Oct 2025020459.383.30$674
Sep 2025036062.743.08$1,108
Aug 2025059263.933.01$1,785
Jul 2025049766.743.32$1,648
Jun 2025047166.483.13$1,474
May 2025080460.553.23$2,599
Apr 2025037462.363.54$1,325
Mar 2025016267.704.27$691
Feb 2025033670.884.34$1,459
Jan 2025042874.324.28$1,831
Dec 2024038368.993.12$1,195
Nov 2024141769.052.20$986
Oct 2024028571.372.28$650
Sep 20241739069.612.36$2,105
Aug 2024030675.632.06$631
Jul 2024010379.932.15$221
Jun 202405978.082.63$155
May 202409878.812.20$215
Apr 2024041084.451.66$680
Mar 2024018280.301.55$281
Feb 2024036176.091.78$644
Jan 2024038773.023.30$1,276
Dec 2023031271.262.61$815
Nov 202308277.892.81$230
Oct 2023015985.443.09$491
Sep 2023016989.042.74$462
Aug 20230180.522.67$3
Jul 202304774.852.64$124
Jun 202308468.962.26$190
May 2023015470.622.23$343
Apr 2023039478.122.24$882
Mar 2023051672.852.39$1,235
Feb 2023021875.112.47$538
Jan 202301876.533.39$61
Dec 202204776.415.73$269
Nov 2022012985.005.65$728
Oct 2022014587.185.86$850
Sep 2022016184.888.16$1,314
Aug 2022019294.529.13$1,752
Jul 20220224101.587.54$1,689
Jun 20220259115.097.98$2,066
May 20220323109.378.43$2,724
Apr 20220373104.226.84$2,550
Mar 20220555108.885.08$2,817
Feb 2022080391.054.86$3,902
Jan 2022071981.844.54$3,263
Dec 2021060971.323.90$2,375
Nov 2021063477.435.24$3,320
Oct 2021069279.795.71$3,954
Sep 2021076269.865.35$4,077
Aug 2021083366.024.22$3,516
Jul 2021063170.783.98$2,513
Jun 2021013269.493.38$446
May 202109663.483.02$290
Apr 2021031360.362.76$863
Mar 2021074861.302.72$2,032
Feb 20210057.805.55$0
Jan 2021049250.412.81$1,383
Dec 2020055744.642.68$1,490
Nov 2020052738.772.71$1,426
Oct 2020069336.972.48$1,718
Sep 2020059337.091.99$1,181
Aug 2020044339.982.39$1,057
Jul 2020050638.371.83$924
Jun 2020050634.901.69$855
May 2020064816.921.81$1,176
Apr 2020050614.751.80$913
Mar 2020057930.341.86$1,075
Feb 2020091749.881.98$1,816
Jan 202001,43457.252.09$3,004
Dec 201901,46559.012.30$3,376
Nov 2019086055.302.75$2,366
Oct 201901,11553.472.42$2,697
Sep 2019081555.052.66$2,166
Aug 2019095653.112.30$2,203
Jul 201901,26156.272.46$3,102
Jun 201901,22452.782.49$3,049
May 2019087458.482.74$2,395
Apr 201901,01162.632.75$2,781
Mar 2019082256.803.06$2,517
Feb 2019079650.852.79$2,223
Jan 201903,51646.033.23$11,350
Dec 201802,60946.594.19$10,920
Nov 201803,44952.934.24$14,614
Oct 201803,84061.443.40$13,049
Sep 201803,72659.543.11$11,580
Aug 201803,61459.403.07$11,083
Jul 201803,28665.142.93$9,634
Jun 201802,08660.183.08$6,418
May 201801,66165.382.90$4,818
Apr 201801,43663.842.90$4,166
Mar 201801,52961.222.79$4,261
Feb 201801,15261.782.77$3,187
Jan 201801,28562.874.01$5,152
Dec 201701,93857.272.92$5,662
Nov 2017085855.423.12$2,676
Oct 2017093349.292.98$2,784
Sep 2017070447.523.09$2,173
Aug 201701,00745.373.00$3,025
Jul 201701,02243.873.09$3,155
Jun 2017084942.493.09$2,621
May 2017089745.373.26$2,927
Apr 2017091647.933.21$2,942
Mar 2017091346.772.98$2,724
Feb 2017081250.452.95$2,398
Jan 2017075549.413.42$2,581
Dec 2016094748.763.72$3,526
Nov 201601,06442.492.64$2,814
Oct 201601,30546.193.09$4,033
Sep 201601,18241.553.10$3,665
Aug 201601,19141.442.92$3,483
Jul 201601,48341.622.92$4,337
Jun 201601,61345.352.69$4,332
May 201602,48042.521.99$4,938
Apr 201602,35936.561.99$4,697
Mar 201602,85233.011.79$5,117
Feb 201601,13826.472.06$2,348
Jan 201601,30427.352.36$3,083
Dec 201501,32832.362.00$2,658
Nov 201501,22838.792.17$2,661
Oct 201501,05343.552.43$2,555
Sep 201501,05742.992.76$2,916
Aug 2015053140.162.87$1,525
Jul 2015092848.152.95$2,733
Jun 2015085056.152.88$2,450
May 201501,00255.212.96$2,961
Apr 2015086149.822.71$2,330
Mar 201501,48942.892.93$4,370
Feb 201501,33844.662.98$3,982
Jan 201501,51043.433.10$4,682
Dec 201401,15854.693.59$4,159
Nov 201401,16870.464.25$4,966
Oct 201401,05578.303.90$4,116
Sep 201401,55686.164.05$6,295
Aug 201401,43689.394.04$5,794
Jul 201401,03996.564.18$4,343
Jun 201401,24098.164.74$5,874
May 201401,27894.734.73$6,041
Apr 201401,32795.944.81$6,382
Mar 201401,39595.895.06$7,054
Feb 201401,38797.406.19$8,588
Jan 201401,25890.404.86$6,115
Dec 201301,29191.824.35$5,622
Nov 201301,39288.853.74$5,204
Oct 201301,25597.423.78$4,743
Sep 201301,167104.113.72$4,339
Aug 20130805104.253.52$2,836
Jul 20130925102.523.72$3,439
Jun 2013096494.403.93$3,792
May 201311,06094.834.15$4,493
Apr 201301,03393.964.28$4,424
Mar 201301,00993.623.91$3,948
Feb 2013067991.233.42$2,322
Jan 20131541,15891.603.42$18,067
Dec 201201,51586.773.42$5,182
Nov 2012311,81686.953.62$9,278
Oct 201201,57989.383.40$5,368
Sep 201202,26994.672.92$6,622
Aug 201202,47792.662.91$7,204
Jul 201222,38385.133.02$7,369
Jun 201202,26579.822.52$5,706
May 201202,33691.612.49$5,813
Apr 201212,415101.652.00$4,924
Mar 201202,307105.052.22$5,126
Feb 201202,266101.102.57$5,824
Jan 201202,44898.092.73$6,693
Dec 201102,46996.873.24$7,999
Nov 201102,42895.723.31$8,040
Oct 201102,25784.983.65$8,235
Sep 201112,61383.623.99$10,499
Aug 201112,69683.404.15$11,270
Jul 201102,42594.144.52$10,954
Jun 201112,68792.904.64$12,560
May 201102,59798.134.40$11,439
Apr 201102,404105.964.33$10,417
Mar 201112,68296.364.06$10,978
Feb 201111,96785.644.18$8,308
Jan 201102,74486.504.59$12,592
Dec 201002,79085.734.35$12,130
Nov 201002,76980.843.80$10,509
Oct 201012,38978.103.51$8,461
Sep 201002,44372.633.98$9,722
Aug 201002,76973.684.42$12,237
Jul 201012,79772.554.74$13,321
Jun 201022,78370.364.91$13,806
May 201012,88671.124.24$12,294
Apr 201012,78581.694.12$11,563
Mar 201003,20078.394.39$14,044
Feb 201001,84773.585.44$10,052
Jan 201002,66574.365.96$15,894
Dec 200933,04671.445.48$16,918
Nov 200902,91274.593.75$10,924
Oct 200902,97572.544.11$12,228
Sep 200911,94965.543.06$6,039
Aug 200902,34667.423.22$7,551
Jul 200973,08361.133.46$11,109
Jun 200903,12766.163.90$12,180
May 200913,24454.743.93$12,790
Apr 200943,27746.773.59$11,943
Mar 200903,53642.144.06$14,353
Feb 200903,45932.814.63$16,026
Jan 200923,32935.865.37$17,952
Dec 200823,84437.105.98$23,050
Nov 200823,45055.496.86$23,779
Oct 200842,93475.246.92$20,610
Sep 200813,111101.767.88$24,607
Aug 200803,519114.228.48$29,852
Jul 200803,198131.0811.39$36,423
Jun 200893,438131.3313.03$45,988
May 200802,921123.1711.57$33,809
Apr 200853,431110.3110.45$36,422
Mar 200844,090101.909.66$39,934
Feb 200843,90292.538.77$34,593
Jan 200855,54490.388.21$45,944
Dec 200704,27788.337.30$31,231
Nov 200731,37491.677.29$10,294
Oct 200701,58582.856.92$10,971
Sep 200701,65875.846.24$10,353
Aug 200723,98269.066.39$25,575
Jul 200724,41370.906.39$28,332
Jun 200714,27962.007.55$32,362
May 200714,83258.747.85$37,972
Apr 200704,76559.617.81$37,192
Mar 200724,96356.927.30$36,354
Feb 200704,53655.108.22$37,268
Jan 200705,26350.306.73$35,403
Dec 200605,29756.656.92$36,647
Nov 200605,38354.207.62$41,005
Oct 200615,46054.906.01$32,890
Sep 200635,42060.085.04$27,482
Aug 200635,60268.717.34$41,324
Jul 200614,90269.376.34$31,162
Jun 200615,61966.286.38$35,937
May 200605,97366.016.42$38,377
Apr 200626,09164.397.36$44,961
Mar 200656,34256.707.08$45,203
Feb 200645,81557.597.75$45,303
Jan 200606,94960.598.93$62,078
Dec 200567,18054.9413.42$96,652
Nov 20051847,29454.6910.59$87,295
Oct 200537,75458.3413.80$107,147
Sep 200508,06661.4512.08$97,429
Aug 200588,26461.519.80$81,453
Jul 200549,30055.697.84$73,169
Jun 2005556852.337.38$4,454
May 200516,12645.226.65$40,790
Apr 200506,67849.207.36$49,153
Mar 200507,60950.377.15$54,441
Feb 200504,85845.226.31$30,663
Jan 200507,54143.166.32$47,676
Dec 200407,87539.866.75$53,165
Nov 200408,32145.286.33$52,675
Oct 200409,21449.706.52$60,030
Sep 200408,85043.245.28$46,763
Aug 200409,70442.375.55$53,864
Jul 2004011,99738.286.08$72,992
Jun 2004513,73136.106.43$88,512
May 200403,91537.486.49$25,426
Apr 20041919,19734.475.86$60,464
Mar 200408,74934.365.53$48,383
Feb 200408,40832.455.51$46,325
Jan 200409,19232.036.30$57,906
Dec 2003210,97030.266.30$69,190
Nov 2003111,18928.804.60$51,444
Oct 2003213,02928.174.76$62,070
Sep 200318614,21026.314.75$72,382
Aug 2003017,53229.765.13$89,934
Jul 2003021,36129.415.17$110,454
Jun 2003130,54928.565.98$182,802
May 20033528,56926.595.97$171,564

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                  387 Mcf  × $  3.05 =     $1,179

────────────────────────────────────────────────────
Month total                                   $1,179

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/196474 is the state's own key, not one this site invented.