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 196895District 05Field 32950285CondensateGasSave
Value, all time
$18.1 M
Aug 2003 – May 2026
Value, last 12 filed months
$28 k
at the published price for each month
Months reported
274
no gaps in the span
Streams
2
condensate, gas

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
CondensateDisposition28 bbl$994
GasProduction2,927,304 Mcf$18,125,711
Total$18,126,705

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 31.4949, -96.2948. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.49486, -96.29480 · 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
12,900 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 12,900 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-29331502412,900 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 (274)

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

274 months

May 20260117106.413.05$356
Apr 2026016598.932.87$474
Mar 2026017489.753.15$548
Feb 2026042563.503.75$1,594
Jan 2026096359.138.00$7,702
Dec 2025072656.664.41$3,204
Nov 2025053758.593.93$2,109
Oct 2025050459.383.30$1,666
Sep 2025045662.743.08$1,403
Aug 2025088563.933.01$2,668
Jul 2025084066.743.32$2,785
Jun 202501,00766.483.13$3,151
May 2025028760.553.23$928
Apr 2025021562.363.54$762
Mar 2025023667.704.27$1,007
Feb 2025091970.884.34$3,989
Jan 202501,17474.324.28$5,023
Dec 2024099768.993.12$3,112
Nov 2024076869.052.20$1,688
Oct 2024057271.372.28$1,305
Sep 2024045869.612.36$1,083
Aug 2024041975.632.06$865
Jul 2024063079.932.15$1,352
Jun 2024031078.082.63$817
May 2024018178.812.20$398
Apr 2024016384.451.66$270
Mar 2024017780.301.55$273
Feb 2024014376.091.78$255
Jan 2024029673.023.30$976
Dec 2023036571.262.61$953
Nov 2023036677.892.81$1,028
Oct 2023035685.443.09$1,099
Sep 2023086689.042.74$2,369
Aug 2023065880.522.67$1,759
Jul 2023075174.852.64$1,984
Jun 2023080168.962.26$1,809
May 2023088170.622.23$1,962
Apr 2023067678.122.24$1,513
Mar 2023054372.852.39$1,299
Feb 2023078575.112.47$1,936
Jan 2023045276.533.39$1,531
Dec 2022059776.415.73$3,420
Nov 2022069685.005.65$3,930
Oct 2022075787.185.86$4,439
Sep 202201,00384.888.16$8,188
Aug 2022097394.529.13$8,881
Jul 202201,091101.587.54$8,228
Jun 20220883115.097.98$7,044
May 20220638109.378.43$5,380
Apr 20220664104.226.84$4,540
Mar 20220743108.885.08$3,772
Feb 2022052091.054.86$2,527
Jan 2022064981.844.54$2,945
Dec 2021055971.323.90$2,180
Nov 2021057377.435.24$3,001
Oct 2021047979.795.71$2,737
Sep 2021048269.865.35$2,579
Aug 2021045166.024.22$1,903
Jul 2021070870.783.98$2,819
Jun 202101,18969.493.38$4,020
May 202101,28763.483.02$3,884
Apr 202101,16860.362.76$3,222
Mar 202101,19661.302.72$3,249
Feb 2021093157.805.55$5,165
Jan 202101,13050.412.81$3,176
Dec 202001,15244.642.68$3,082
Nov 202001,18038.772.71$3,194
Oct 202001,24536.972.48$3,086
Sep 202001,23837.091.99$2,465
Aug 202001,31439.982.39$3,134
Jul 202001,24538.371.83$2,272
Jun 202001,21334.901.69$2,050
May 202001,53016.921.81$2,777
Apr 202001,42614.751.80$2,573
Mar 202001,47130.341.86$2,731
Feb 202001,30649.881.98$2,587
Jan 202001,36657.252.09$2,861
Dec 201901,36259.012.30$3,139
Nov 201901,32755.302.75$3,650
Oct 201901,39053.472.42$3,362
Sep 201901,40455.052.66$3,731
Aug 201901,44753.112.30$3,334
Jul 201901,34256.272.46$3,301
Jun 201901,23852.782.49$3,084
May 201901,19658.482.74$3,277
Apr 201901,15662.632.75$3,180
Mar 201901,20656.803.06$3,693
Feb 201901,10850.852.79$3,094
Jan 201901,22946.033.23$3,967
Dec 201801,26446.594.19$5,290
Nov 201801,28652.934.24$5,449
Oct 201801,41461.443.40$4,805
Sep 201801,35559.543.11$4,211
Aug 201801,46859.403.07$4,502
Jul 201801,61765.142.93$4,741
Jun 201801,60360.183.08$4,932
May 201801,68865.382.90$4,897
Apr 201801,65363.842.90$4,795
Mar 201801,41461.222.79$3,941
Feb 201801,65361.782.77$4,572
Jan 201801,85062.874.01$7,417
Dec 201702,03357.272.92$5,939
Nov 201702,14655.423.12$6,692
Oct 201702,35949.292.98$7,039
Sep 201702,49947.523.09$7,715
Aug 201702,64045.373.00$7,932
Jul 201703,03743.873.09$9,376
Jun 201702,89242.493.09$8,928
May 201702,17545.373.26$7,098
Apr 201702,57347.933.21$8,263
Mar 201702,27346.772.98$6,782
Feb 201701,77050.452.95$5,226
Jan 201702,02449.413.42$6,920
Dec 201601,98348.763.72$7,382
Nov 201602,44342.492.64$6,460
Oct 201602,59446.193.09$8,016
Sep 201602,79941.553.10$8,679
Aug 201602,99141.442.92$8,747
Jul 201603,12941.622.92$9,150
Jun 201602,65045.352.69$7,117
May 201601,40242.521.99$2,791
Apr 201601,35136.561.99$2,690
Mar 201601,63933.011.79$2,940
Feb 201601,54326.472.06$3,184
Jan 201601,64827.352.36$3,896
Dec 201501,67732.362.00$3,356
Nov 201501,66438.792.17$3,606
Oct 201501,77043.552.43$4,295
Sep 201501,74442.992.76$4,811
Aug 201501,83340.162.87$5,265
Jul 201501,83648.152.95$5,407
Jun 201501,74156.152.88$5,019
May 201501,50555.212.96$4,448
Apr 201501,42049.822.71$3,843
Mar 201501,46142.892.93$4,288
Feb 201501,23044.662.98$3,661
Jan 201501,30943.433.10$4,059
Dec 201401,59354.693.59$5,721
Nov 201401,56270.464.25$6,641
Oct 201402,21078.303.90$8,621
Sep 201402,62886.164.05$10,631
Aug 201402,48589.394.04$10,027
Jul 201401,98396.564.18$8,288
Jun 201402,91098.164.74$13,784
May 201403,72094.734.73$17,583
Apr 201403,25295.944.81$15,639
Mar 201403,61895.895.06$18,296
Feb 201403,51797.406.19$21,777
Jan 201403,52890.404.86$17,149
Dec 201303,61791.824.35$15,750
Nov 201304,18488.853.74$15,641
Oct 201302,26797.423.78$8,568
Sep 201303,759104.113.72$13,975
Aug 201302,088104.253.52$7,355
Jul 201302,110102.523.72$7,844
Jun 201302,17594.403.93$8,555
May 201302,45994.834.15$10,203
Apr 201302,45193.964.28$10,497
Mar 201302,75193.623.91$10,764
Feb 201303,99891.233.42$13,673
Jan 201303,14291.603.42$10,745
Dec 201203,13286.773.42$10,712
Nov 201204,83886.953.62$17,538
Oct 201206,23089.383.40$21,180
Sep 201205,73794.672.92$16,743
Aug 201206,12392.662.91$17,807
Jul 201205,52285.133.02$16,681
Jun 201206,17979.822.52$15,565
May 201206,74491.612.49$16,781
Apr 201206,561101.652.00$13,101
Mar 201206,819105.052.22$15,152
Feb 201206,654101.102.57$17,102
Jan 201207,11198.092.73$19,442
Dec 201107,43896.873.24$24,097
Nov 201107,99895.723.31$26,484
Oct 201108,10484.983.65$29,568
Sep 201107,92683.623.99$31,591
Aug 201108,42183.404.15$34,941
Jul 201108,41894.144.52$38,026
Jun 201106,50392.904.64$30,173
May 201108,70898.134.40$38,357
Apr 201107,750105.964.33$33,583
Mar 201109,39596.364.06$38,119
Feb 201107,59885.644.18$31,759
Jan 201109,32386.504.59$42,781
Dec 201009,14285.734.35$39,747
Nov 201009,84880.843.80$37,376
Oct 201007,98078.103.51$28,001
Sep 2010010,39272.633.98$41,355
Aug 2010011,30973.684.42$49,979
Jul 2010011,62272.554.74$55,047
Jun 2010012,62670.364.91$61,999
May 2010013,33571.124.24$56,477
Apr 2010013,87181.694.12$57,186
Mar 201005,88078.394.39$25,805
Feb 201005,77373.585.44$31,419
Jan 201007,74374.365.96$46,180
Dec 200905,39071.445.48$29,557
Nov 200905,18274.593.75$19,440
Oct 200907,40872.544.11$30,449
Sep 200908,95665.543.06$27,448
Aug 200906,90867.423.22$22,233
Jul 200908,08561.133.46$28,010
Jun 2009010,42766.163.90$40,613
May 2009013,25554.743.93$52,036
Apr 2009012,93246.773.59$46,394
Mar 2009013,42642.144.06$54,496
Feb 2009012,26032.814.63$56,801
Jan 2009014,96835.865.37$80,393
Dec 2008010,45937.105.98$62,515
Nov 200809,64455.496.86$66,161
Oct 2008011,15775.246.92$77,229
Sep 2008014,439101.767.88$113,737
Aug 2008017,488114.228.48$148,351
Jul 2008018,443131.0811.39$210,055
Jun 2008017,835131.3313.03$232,437
May 2008020,148123.1711.57$233,199
Apr 2008020,029110.3110.45$209,400
Mar 2008024,450101.909.66$236,287
Feb 2008110,56092.538.77$92,710
Jan 2008010,79990.388.21$88,614
Dec 2007010,48988.337.30$76,590
Nov 2007010,91091.677.29$79,552
Oct 2007012,13682.856.92$84,005
Sep 2007013,62475.846.24$85,070
Aug 2007013,20169.066.39$84,327
Jul 2007016,80670.906.39$107,356
Jun 2007014,77962.007.55$111,559
May 2007016,83358.747.85$132,076
Apr 2007019,25359.617.81$150,274
Mar 2007022,45456.927.30$163,958
Feb 2007020,60255.108.22$169,266
Jan 2007022,24450.306.73$149,632
Dec 2006025,12056.656.92$173,791
Nov 2006025,84954.207.62$196,904
Oct 2006026,42554.906.01$158,915
Sep 2006024,15760.085.04$121,684
Aug 2006028,55468.717.34$209,584
Jul 2006028,36769.376.34$179,925
Jun 2006029,71166.286.38$189,671
May 2006131,56266.016.42$202,852
Apr 2006032,50864.397.36$239,274
Mar 2006136,79956.707.08$260,701
Feb 2006033,57357.597.75$260,228
Jan 2006040,21260.598.93$359,227
Dec 2005145,97854.9413.42$616,868
Nov 2005019,96354.6910.59$211,376
Oct 2005028,94358.3413.80$399,291
Sep 2005026,50361.4512.08$320,130
Aug 2005029,99961.519.80$293,895
Jul 2005024,96155.697.84$195,785
Jun 2005031,33352.337.38$231,270
May 2005131,36045.226.65$208,626
Apr 2005032,18349.207.36$236,882
Mar 2005036,04350.377.15$257,883
Feb 2005033,20445.226.31$209,581
Jan 2005045,72843.166.32$289,102
Dec 2004239,76039.866.75$268,503
Nov 2004041,92145.286.33$265,378
Oct 2004145,99049.706.52$299,679
Sep 2004045,36743.245.28$239,715
Aug 2004043,81242.375.55$243,186
Jul 2004049,66838.286.08$302,189
Jun 2004044,14636.106.43$283,992
May 2004054,52937.486.49$354,143
Apr 2004057,51034.475.86$336,920
Mar 2004065,99934.365.53$364,984
Feb 2004070,25332.455.51$387,067
Jan 2004091,14932.036.30$574,206
Dec 20030106,64830.266.30$672,057
Nov 20030105,53128.804.60$484,932
Oct 20033105,44328.174.76$501,955
Sep 200312106,24126.314.75$504,892
Aug 2003584,81329.765.13$435,216

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/196895 is the state's own key, not one this site invented.