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 197138District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.3 M
Aug 2003 – May 2026
Value, last 12 filed months
$8 k
at the published price for each month
Months reported
274
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 Gas112003-10-27153572
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
CondensateDisposition29 bbl$1,320
GasProduction2,298,942 Mcf$13,266,277
Total$13,267,597

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 31.4943, -96.2903. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.49427, -96.29033 · 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
12,950 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 12,950 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-16132619512,950 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 2026081106.413.05$247
Apr 202609498.932.87$270
Mar 2026013489.753.15$422
Feb 2026013863.503.75$518
Jan 2026036659.138.00$2,927
Dec 2025029356.664.41$1,293
Nov 2025019758.593.93$774
Oct 2025014859.383.30$489
Sep 2025011562.743.08$354
Aug 202509363.933.01$280
Jul 202505466.743.32$179
Jun 2025011866.483.13$369
May 2025011560.553.23$372
Apr 2025013762.363.54$485
Mar 2025018267.704.27$777
Feb 2025062270.884.34$2,700
Jan 202501,22774.324.28$5,250
Dec 202401,13068.993.12$3,527
Nov 2024091969.052.20$2,020
Oct 2024048771.372.28$1,111
Sep 2024038369.612.36$906
Aug 2024030875.632.06$636
Jul 2024092979.932.15$1,994
Jun 2024086378.082.63$2,273
May 2024053978.812.20$1,185
Apr 202401,19484.451.66$1,981
Mar 202401,69080.301.55$2,611
Feb 202401,37776.091.78$2,456
Jan 202401,36373.023.30$4,495
Dec 2023052071.262.61$1,358
Nov 2023099777.892.81$2,799
Oct 202301,43585.443.09$4,430
Sep 202301,02589.042.74$2,803
Aug 2023085980.522.67$2,296
Jul 202302,07474.852.64$5,479
Jun 202302,30968.962.26$5,215
May 202301,10970.622.23$2,470
Apr 202301,28478.122.24$2,873
Mar 202301,71472.852.39$4,102
Feb 202301,07575.112.47$2,651
Jan 202301,52076.533.39$5,149
Dec 202201,39076.415.73$7,963
Nov 202201,33185.005.65$7,515
Oct 202201,62487.185.86$9,523
Sep 202201,58884.888.16$12,964
Aug 202201,87094.529.13$17,068
Jul 202201,618101.587.54$12,203
Jun 202201,720115.097.98$13,721
May 202201,791109.378.43$15,104
Apr 202201,600104.226.84$10,940
Mar 202201,381108.885.08$7,011
Feb 202201,20491.054.86$5,850
Jan 202201,08981.844.54$4,942
Dec 202101,24571.323.90$4,854
Nov 202101,60177.435.24$8,384
Oct 202102,24579.795.71$12,828
Sep 202101,84369.865.35$9,862
Aug 202102,61466.024.22$11,033
Jul 202102,71570.783.98$10,811
Jun 202103,18369.493.38$10,761
May 202101,15563.483.02$3,485
Apr 202102,24860.362.76$6,201
Mar 202102,90961.302.72$7,904
Feb 202101,51157.805.55$8,383
Jan 202102,07750.412.81$5,837
Dec 202002,43844.642.68$6,523
Nov 202002,99238.772.71$8,098
Oct 202001,65336.972.48$4,097
Sep 202001,92737.091.99$3,837
Aug 202002,47639.982.39$5,906
Jul 202002,55638.371.83$4,665
Jun 202002,24434.901.69$3,793
May 202002,37016.921.81$4,301
Apr 202002,73114.751.80$4,928
Mar 202002,52130.341.86$4,680
Feb 202001,89349.881.98$3,749
Jan 202002,59157.252.09$5,427
Dec 201902,64459.012.30$6,093
Nov 201902,80255.302.75$7,707
Oct 201902,85853.472.42$6,912
Sep 201903,38855.052.66$9,003
Aug 201902,41353.112.30$5,560
Jul 201902,34156.272.46$5,759
Jun 201902,55252.782.49$6,358
May 201903,04358.482.74$8,339
Apr 201902,24562.632.75$6,175
Mar 201902,46756.803.06$7,554
Feb 201902,15950.852.79$6,028
Jan 201903,00646.033.23$9,704
Dec 201802,04046.594.19$8,538
Nov 201802,64152.934.24$11,191
Oct 201803,33261.443.40$11,322
Sep 201801,90459.543.11$5,918
Aug 201802,61259.403.07$8,010
Jul 201802,72165.142.93$7,978
Jun 201802,50260.183.08$7,698
May 201802,50365.382.90$7,261
Apr 201802,62463.842.90$7,612
Mar 201803,06861.222.79$8,550
Feb 201802,56961.782.77$7,106
Jan 201802,13662.874.01$8,564
Dec 201702,56957.272.92$7,505
Nov 201702,65255.423.12$8,270
Oct 201702,76149.292.98$8,238
Sep 201702,77247.523.09$8,558
Aug 201702,81545.373.00$8,457
Jul 201702,73343.873.09$8,438
Jun 201702,74542.493.09$8,475
May 201702,96845.373.26$9,686
Apr 201702,97347.933.21$9,548
Mar 201703,71046.772.98$11,069
Feb 201701,99950.452.95$5,902
Jan 201702,63449.413.42$9,005
Dec 201602,43948.763.72$9,080
Nov 201602,76142.492.64$7,301
Oct 201602,90246.193.09$8,968
Sep 201602,84341.553.10$8,815
Aug 201603,05841.442.92$8,943
Jul 201602,77141.622.92$8,103
Jun 201603,24345.352.69$8,710
May 201603,41042.521.99$6,789
Apr 201603,36736.561.99$6,704
Mar 201603,61933.011.79$6,493
Feb 201603,49426.472.06$7,210
Jan 201603,77327.352.36$8,921
Dec 201503,43332.362.00$6,871
Nov 201503,38438.792.17$7,334
Oct 201503,68443.552.43$8,940
Sep 201503,64342.992.76$10,049
Aug 201503,47640.162.87$9,985
Jul 201503,83448.152.95$11,291
Jun 201503,74056.152.88$10,782
May 201503,86655.212.96$11,426
Apr 201503,64849.822.71$9,874
Mar 201503,73742.892.93$10,967
Feb 201503,51644.662.98$10,464
Jan 201504,04843.433.10$12,551
Dec 201404,15754.693.59$14,929
Nov 201403,97970.464.25$16,918
Oct 201404,35278.303.90$16,977
Sep 201404,27986.164.05$17,310
Aug 201404,53289.394.04$18,287
Jul 201404,50096.564.18$18,808
Jun 201404,42898.164.74$20,975
May 201406,27394.734.73$29,650
Apr 201406,03595.944.81$29,023
Mar 201406,01395.895.06$30,407
Feb 201405,28297.406.19$32,706
Jan 201405,47890.404.86$26,627
Dec 201304,86391.824.35$21,176
Nov 201304,40488.853.74$16,463
Oct 201304,47497.423.78$16,909
Sep 201304,344104.113.72$16,150
Aug 201304,760104.253.52$16,768
Jul 201304,524102.523.72$16,819
Jun 201304,98994.403.93$19,624
May 201305,19694.834.15$21,559
Apr 201305,09593.964.28$21,820
Mar 201305,15093.623.91$20,151
Feb 201304,68891.233.42$16,033
Jan 201305,13791.603.42$17,568
Dec 201205,20586.773.42$17,802
Nov 201205,23986.953.62$18,991
Oct 201205,13389.383.40$17,451
Sep 201204,96594.672.92$14,490
Aug 201205,24492.662.91$15,250
Jul 201205,22685.133.02$15,787
Jun 201205,21779.822.52$13,142
May 201205,47591.612.49$13,624
Apr 201206,100101.652.00$12,180
Mar 201206,958105.052.22$15,461
Feb 201206,360101.102.57$16,347
Jan 201207,03198.092.73$19,223
Dec 201107,06096.873.24$22,873
Nov 201107,16495.723.31$23,722
Oct 201107,44284.983.65$27,152
Sep 201107,23083.623.99$28,817
Aug 201107,44983.404.15$30,908
Jul 201106,87294.144.52$31,042
Jun 201106,89992.904.64$32,011
May 201107,78398.134.40$34,283
Apr 201107,782105.964.33$33,722
Mar 201107,80296.364.06$31,655
Feb 201106,93785.644.18$28,997
Jan 201107,56486.504.59$34,710
Dec 201004,78385.734.35$20,795
Nov 201006,09580.843.80$23,133
Oct 201007,93678.103.51$27,847
Sep 201008,30172.633.98$33,034
Aug 201009,60173.684.42$42,430
Jul 201009,15572.554.74$43,363
Jun 2010010,61970.364.91$52,144
May 201007,08271.124.24$29,994
Apr 201005,94981.694.12$24,526
Mar 201008,74578.394.39$38,379
Feb 201004,00173.585.44$21,775
Jan 201006,07674.365.96$36,238
Dec 200904,28671.445.48$23,503
Nov 200907,04274.593.75$26,418
Oct 200908,55872.544.11$35,176
Sep 200908,93065.543.06$27,368
Aug 200909,47067.423.22$30,479
Jul 200908,63161.133.46$29,902
Jun 200908,62866.163.90$33,606
May 200907,82854.743.93$30,731
Apr 200908,47946.773.59$30,418
Mar 200908,53742.144.06$34,652
Feb 200909,14432.814.63$42,364
Jan 200908,63935.865.37$46,400
Dec 200807,31737.105.98$43,735
Nov 200806,87755.496.86$47,179
Oct 200806,34675.246.92$43,927
Sep 200807,714101.767.88$60,764
Aug 200808,760114.228.48$74,311
Jul 200809,241131.0811.39$105,250
Jun 200809,288131.3313.03$121,047
May 2008010,077123.1711.57$116,634
Apr 2008010,304110.3110.45$107,727
Mar 2008010,660101.909.66$103,019
Feb 2008012,17392.538.77$106,764
Jan 200808,62290.388.21$70,750
Dec 2007012,09888.337.30$88,339
Nov 2007011,65091.677.29$84,948
Oct 2007011,43382.856.92$79,139
Sep 2007010,30375.846.24$64,334
Aug 2007011,62969.066.39$74,285
Jul 2007011,43670.906.39$73,052
Jun 2007012,55562.007.55$94,771
May 2007015,55958.747.85$122,080
Apr 2007015,61859.617.81$121,902
Mar 2007015,27556.927.30$111,538
Feb 2007013,51955.108.22$111,072
Jan 2007016,20650.306.73$109,015
Dec 2006017,73456.656.92$122,692
Nov 2006017,03454.207.62$129,756
Oct 2006016,53154.906.01$99,414
Sep 2006015,23360.085.04$76,732
Aug 2006415,81268.717.34$116,334
Jul 2006019,22269.376.34$121,921
Jun 2006019,16866.286.38$122,366
May 2006019,99166.016.42$128,442
Apr 2006218,85564.397.36$138,911
Mar 2006122,58656.707.08$160,032
Feb 2006019,00757.597.75$147,326
Jan 2006021,80460.598.93$194,782
Dec 2005022,64954.9413.42$303,845
Nov 2005021,92254.6910.59$232,119
Oct 2005022,71758.3413.80$313,398
Sep 2005020,44861.4512.08$246,991
Aug 2005121,25061.519.80$208,244
Jul 2005020,82455.697.84$163,336
Jun 2005123,51752.337.38$173,632
May 2005026,73845.226.65$177,839
Apr 2005928,69549.207.36$211,652
Mar 2005028,57150.377.15$204,422
Feb 2005019,23445.226.31$121,403
Jan 2005021,63543.166.32$136,781
Dec 2004025,54739.866.75$172,470
Nov 2004027,77445.286.33$175,821
Oct 2004027,98149.706.52$182,299
Sep 2004029,03943.245.28$153,439
Aug 2004027,69542.375.55$153,726
Jul 2004027,84938.286.08$169,438
Jun 2004028,47236.106.43$183,161
May 2004036,52137.486.49$237,189
Apr 2004037,42134.475.86$219,229
Mar 2004045,16434.365.53$249,763
Feb 2004152,25732.455.51$287,949
Jan 2004049,51532.036.30$311,927
Dec 2003063,37930.266.30$399,392
Nov 2003095,44228.804.60$438,571
Oct 20032113,26228.174.76$539,143
Sep 2003798,14026.314.75$466,286
Aug 200317,31229.765.13$37,538

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                   81 Mcf  × $  3.05 =       $247

────────────────────────────────────────────────────
Month total                                     $247

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/197138 is the state's own key, not one this site invented.