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 198120District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.7 M
Sep 2003 – May 2026
Value, last 12 filed months
$48 k
at the published price for each month
Months reported
273
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 Gas112004-01-12154018
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
CondensateDisposition41 bbl$1,656
GasProduction1,623,183 Mcf$9,714,720
Total$9,716,377

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 31.4946, -96.2856. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.49463, -96.28556 · 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
13,088 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 13,088 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-16132618613,088 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 (273)

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

273 months

May 202601,544106.413.05$4,703
Apr 202601,40798.932.87$4,038
Mar 202601,35589.753.15$4,267
Feb 202601,18163.503.75$4,429
Jan 202601,38159.138.00$11,045
Dec 202501,29856.664.41$5,729
Nov 202501,08058.593.93$4,241
Oct 2025089759.383.30$2,964
Sep 2025062062.743.08$1,908
Aug 2025063563.933.01$1,914
Jul 2025047266.743.32$1,565
Jun 2025023366.483.13$729
May 2025024460.553.23$789
Apr 2025021162.363.54$748
Mar 2025020067.704.27$854
Feb 2025025770.884.34$1,116
Jan 2025024274.324.28$1,035
Dec 2024018368.993.12$571
Nov 2024017769.052.20$389
Oct 2024013571.372.28$308
Sep 2024011369.612.36$267
Aug 2024015575.632.06$320
Jul 2024033279.932.15$713
Jun 2024034878.082.63$917
May 2024039978.812.20$877
Apr 2024044784.451.66$742
Mar 2024063880.301.55$986
Feb 2024078776.091.78$1,404
Jan 202401,20973.023.30$3,987
Dec 202301,27471.262.61$3,326
Nov 202301,37077.892.81$3,846
Oct 202301,34985.443.09$4,165
Sep 202301,10789.042.74$3,028
Aug 202301,00880.522.67$2,694
Jul 202301,04274.852.64$2,753
Jun 2023059368.962.26$1,339
May 2023051570.622.23$1,147
Apr 2023062878.122.24$1,405
Mar 2023050972.852.39$1,218
Feb 2023058775.112.47$1,447
Jan 2023063276.533.39$2,141
Dec 2022063776.415.73$3,649
Nov 2022086285.005.65$4,867
Oct 2022077987.185.86$4,568
Sep 2022070284.888.16$5,731
Aug 2022067094.529.13$6,115
Jul 20220603101.587.54$4,548
Jun 202201,252115.097.98$9,987
May 202201,267109.378.43$10,685
Apr 202201,510104.226.84$10,325
Mar 202201,773108.885.08$9,000
Feb 202201,68091.054.86$8,163
Jan 202201,66281.844.54$7,542
Dec 202101,68571.323.90$6,570
Nov 202102,17677.435.24$11,395
Oct 202101,00279.795.71$5,725
Sep 2021074969.865.35$4,008
Aug 2021086166.024.22$3,634
Jul 2021069670.783.98$2,772
Jun 2021069869.493.38$2,360
May 2021061863.483.02$1,865
Apr 2021076960.362.76$2,121
Mar 2021077761.302.72$2,111
Feb 2021057657.805.55$3,196
Jan 2021073350.412.81$2,060
Dec 2020084544.642.68$2,261
Nov 2020085938.772.71$2,325
Oct 2020084836.972.48$2,102
Sep 2020088637.091.99$1,764
Aug 2020093339.982.39$2,225
Jul 202001,04638.371.83$1,909
Jun 202001,01334.901.69$1,712
May 202001,02316.921.81$1,856
Apr 202001,07014.751.80$1,931
Mar 202001,08230.341.86$2,008
Feb 2020097349.881.98$1,927
Jan 202001,01257.252.09$2,120
Dec 2019098059.012.30$2,258
Nov 2019088655.302.75$2,437
Oct 201901,08253.472.42$2,617
Sep 201901,12055.052.66$2,976
Aug 201901,11553.112.30$2,569
Jul 201901,12256.272.46$2,760
Jun 2019099252.782.49$2,471
May 201901,09858.482.74$3,009
Apr 201901,09862.632.75$3,020
Mar 2019099756.803.06$3,053
Feb 201901,00850.852.79$2,815
Jan 201901,14746.033.23$3,703
Dec 201801,19046.594.19$4,981
Nov 201801,17852.934.24$4,991
Oct 201801,25961.443.40$4,278
Sep 201801,27359.543.11$3,956
Aug 201801,35559.403.07$4,155
Jul 201801,45465.142.93$4,263
Jun 201801,32060.183.08$4,062
May 201801,13565.382.90$3,292
Apr 201801,05563.842.90$3,060
Mar 201801,31661.222.79$3,667
Feb 201801,02461.782.77$2,833
Jan 201801,55662.874.01$6,239
Dec 201701,75657.272.92$5,130
Nov 201701,85655.423.12$5,788
Oct 201702,40449.292.98$7,173
Sep 201702,48247.523.09$7,663
Aug 201703,19145.373.00$9,587
Jul 201703,40143.873.09$10,500
Jun 201703,22442.493.09$9,953
May 201703,40245.373.26$11,102
Apr 201703,85047.933.21$12,365
Mar 201702,32846.772.98$6,946
Feb 201703,23250.452.95$9,543
Jan 201702,90349.413.42$9,925
Dec 201603,23248.763.72$12,032
Nov 201603,53942.492.64$9,358
Oct 201603,78646.193.09$11,700
Sep 201603,84441.553.10$11,919
Aug 201603,80441.442.92$11,124
Jul 201603,25041.622.92$9,504
Jun 201604,10545.352.69$11,025
May 201604,30242.521.99$8,565
Apr 201604,23736.561.99$8,436
Mar 201604,36633.011.79$7,833
Feb 201604,38426.472.06$9,047
Jan 201604,41827.352.36$10,446
Dec 201504,17432.362.00$8,354
Nov 201504,29038.792.17$9,298
Oct 201505,09843.552.43$12,371
Sep 201505,35942.992.76$14,782
Aug 201505,22140.162.87$14,997
Jul 201505,32848.152.95$15,691
Jun 201505,42656.152.88$15,642
May 201505,70655.212.96$16,864
Apr 201505,36549.822.71$14,521
Mar 201503,79942.892.93$11,149
Feb 201501,29144.662.98$3,842
Jan 201501,99043.433.10$6,170
Dec 201401,29054.693.59$4,633
Nov 201402,37370.464.25$10,090
Oct 201403,63278.303.90$14,168
Sep 201403,53086.164.05$14,280
Aug 201403,06489.394.04$12,364
Jul 201402,29996.564.18$9,609
Jun 201402,67298.164.74$12,657
May 201405,35494.734.73$25,306
Apr 201403,32195.944.81$15,971
Mar 201406,91495.895.06$34,963
Feb 201404,02497.406.19$24,917
Jan 201402,94590.404.86$14,315
Dec 201304,10791.824.35$17,884
Nov 201303,02688.853.74$11,312
Oct 201301,88897.423.78$7,135
Sep 201305,540104.113.72$20,596
Aug 201305,846104.253.52$20,593
Jul 201304,045102.523.72$15,038
Jun 201303,20894.403.93$12,618
May 201306,37194.834.15$26,434
Apr 201304,88693.964.28$20,925
Mar 201308,04693.623.91$31,483
Feb 201305,48591.233.42$18,758
Jan 201303,63691.603.42$12,435
Dec 201202,57986.773.42$8,821
Nov 201201,66486.953.62$6,032
Oct 201202,16289.383.40$7,350
Sep 201204,74194.672.92$13,836
Aug 201209,30592.662.91$27,060
Jul 2012011,05285.133.02$33,386
Jun 2012011,64479.822.52$29,332
May 2012012,46291.612.49$31,009
Apr 201207,360101.652.00$14,696
Mar 201202,227105.052.22$4,949
Feb 201202,040101.102.57$5,243
Jan 201204,39198.092.73$12,005
Dec 201104,27796.873.24$13,856
Nov 201102,17995.723.31$7,215
Oct 201105,08084.983.65$18,535
Sep 201104,83283.623.99$19,259
Aug 201105,68583.404.15$23,589
Jul 201106,69094.144.52$30,220
Jun 201106,59592.904.64$30,600
May 201101,85298.134.40$8,158
Apr 201101,700105.964.33$7,367
Mar 201102,09096.364.06$8,480
Feb 201102,11485.644.18$8,836
Jan 201103,81786.504.59$17,515
Dec 201004,99685.734.35$21,721
Nov 201005,26980.843.80$19,998
Oct 201005,07678.103.51$17,811
Sep 201005,18272.633.98$20,622
Aug 201005,63273.684.42$24,890
Jul 201005,20572.554.74$24,653
Jun 201004,80270.364.91$23,580
May 201002,51871.124.24$10,664
Apr 201001,67081.694.12$6,885
Mar 201001,48178.394.39$6,500
Feb 201001,43873.585.44$7,826
Jan 201002,72474.365.96$16,246
Dec 200905,01971.445.48$27,523
Nov 200906,26674.593.75$23,507
Oct 200906,55972.544.11$26,959
Sep 200902,31165.543.06$7,083
Aug 200903,45067.423.22$11,104
Jul 200904,14961.133.46$14,374
Jun 200905,21366.163.90$20,305
May 200904,88454.743.93$19,173
Apr 200906,83946.773.59$24,535
Mar 200904,58142.144.06$18,594
Feb 200905,37232.814.63$24,888
Jan 200903,32635.865.37$17,864
Dec 200805,09837.105.98$30,471
Nov 200808,87255.496.86$60,865
Oct 200804,32475.246.92$29,931
Sep 200807,520101.767.88$59,236
Aug 2008013,450114.228.48$114,097
Jul 2008011,632131.0811.39$132,482
Jun 200804,852131.3313.03$63,234
May 200805,799123.1711.57$67,119
Apr 200804,356110.3110.45$45,541
Mar 2008010,600101.909.66$102,439
Feb 200807,66992.538.77$67,262
Jan 200826,03990.388.21$49,735
Dec 200706,52088.337.30$47,609
Nov 2007016,71591.677.29$121,881
Oct 2007016,08282.856.92$111,319
Sep 2007015,82375.846.24$98,801
Aug 200705,43069.066.39$34,687
Jul 200706,07470.906.39$38,800
Jun 200705,52962.007.55$41,735
May 200707,36358.747.85$57,772
Apr 2007014,51759.617.81$113,308
Mar 200707,60056.927.30$55,495
Feb 200705,42055.108.22$44,531
Jan 200705,61550.306.73$37,771
Dec 200609,66456.656.92$66,860
Nov 200609,01254.207.62$68,649
Oct 2006010,99354.906.01$66,110
Sep 2006014,25760.085.04$71,815
Aug 2006016,42768.717.34$120,573
Jul 2006018,73869.376.34$118,851
Jun 2006022,99766.286.38$146,810
May 2006028,36266.016.42$182,226
Apr 2006217,25564.397.36$127,134
Mar 2006011,38856.707.08$80,660
Feb 2006017,10757.597.75$132,598
Jan 2006122,90260.598.93$204,651
Dec 2005129,19754.9413.42$391,744
Nov 2005015,53554.6910.59$164,491
Oct 2005140,58558.3413.80$559,959
Sep 2005022,52061.4512.08$272,019
Aug 200512,73261.519.80$26,826
Jul 2005014,63655.697.84$114,800
Jun 2005014,97952.337.38$110,561
May 2005014,97745.226.65$99,614
Apr 2005014,66649.207.36$107,949
Mar 2005016,59250.377.15$118,714
Feb 2005016,18945.226.31$102,184
Jan 2005019,46543.166.32$123,062
Dec 2004020,53639.866.75$138,640
Nov 2004021,76845.286.33$137,801
Oct 20041023,90049.706.52$156,208
Sep 2004027,14843.245.28$143,447
Aug 2004027,07342.375.55$150,273
Jul 2004022,85238.286.08$139,036
Jun 2004019,95736.106.43$128,384
May 2004022,32137.486.49$144,966
Apr 2004024,97934.475.86$146,338
Mar 2004024,85034.365.53$137,424
Feb 2004028,98532.455.51$159,696
Jan 2004030,65832.036.30$193,134
Dec 2003039,55330.266.30$249,249
Nov 2003049,62228.804.60$228,021
Oct 2003555,60628.174.76$264,805
Sep 20031812,07526.314.75$57,822

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                1,544 Mcf  × $  3.05 =     $4,703

────────────────────────────────────────────────────
Month total                                   $4,703

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/198120 is the state's own key, not one this site invented.