REED GAS UNIT NO. II

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the FARRAR (COTTON VALLEY LIME) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 198798District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.6 M
Nov 2003 – May 2026
Value, last 12 filed months
$30 k
at the published price for each month
Months reported
271
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 478 leases and 478 wells, and the rule below applies to all of them.

Discovered
1977-03-17
as the register files it
Field class
Gas
the register's own label
Between wells
0 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 2010-11-30.

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: PRORATION PURPOSES.

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 Gas112004-08-10158335
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
CondensateDisposition326 bbl$16,497
GasProduction1,521,020 Mcf$8,606,692
Total$8,623,189

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 31.4609, -96.2914. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.46094, -96.29145 · 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
12,580 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 12,580 ft.

Completions filed
Nov 2003
1 of 1 wells

1 well

42-29331492212,580 ftNov 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 (271)

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

271 months

May 20260153106.413.05$466
Apr 2026024098.932.87$689
Mar 2026026489.753.15$831
Feb 2026032463.503.75$1,215
Jan 2026040359.138.00$3,223
Dec 2025099656.664.41$4,396
Nov 202501,05058.593.93$4,123
Oct 202501,24759.383.30$4,121
Sep 202501,26062.743.08$3,877
Aug 2025074563.933.01$2,246
Jul 2025074966.743.32$2,483
Jun 2025060366.483.13$1,887
May 2025068860.553.23$2,224
Apr 2025032062.363.54$1,134
Mar 202501,11867.704.27$4,772
Feb 202501,17270.884.34$5,087
Jan 202501,19174.324.28$5,096
Dec 202401,04668.993.12$3,265
Nov 2024078069.052.20$1,715
Oct 2024055771.372.28$1,271
Sep 2024091769.612.36$2,168
Aug 2024044175.632.06$910
Jul 2024045979.932.15$985
Jun 2024023278.082.63$611
May 2024013178.812.20$288
Apr 2024021484.451.66$355
Mar 2024018080.301.55$278
Feb 2024028776.091.78$512
Jan 202406473.023.30$211
Dec 202309771.262.61$253
Nov 2023011077.892.81$309
Oct 2023018985.443.09$584
Sep 2023096489.042.74$2,637
Aug 202301,37880.522.67$3,683
Jul 202301,09174.852.64$2,882
Jun 202301,09568.962.26$2,473
May 202301,47770.622.23$3,290
Apr 202301,45678.122.24$3,258
Mar 2023064372.852.39$1,539
Feb 2023090275.112.47$2,224
Jan 2023080276.533.39$2,717
Dec 2022095976.415.73$5,494
Nov 2022094585.005.65$5,336
Oct 202201,01087.185.86$5,922
Sep 2022066584.888.16$5,429
Aug 2022027594.529.13$2,510
Jul 20220383101.587.54$2,889
Jun 20220305115.097.98$2,433
May 20220540109.378.43$4,554
Apr 20220588104.226.84$4,021
Mar 20220475108.885.08$2,411
Feb 2022062091.054.86$3,012
Jan 2022094881.844.54$4,302
Dec 202101,28771.323.90$5,018
Nov 202101,31477.435.24$6,881
Oct 202101,37179.795.71$7,834
Sep 2021079069.865.35$4,227
Aug 202101,10566.024.22$4,664
Jul 202101,43770.783.98$5,722
Jun 2021066469.493.38$2,245
May 2021040063.483.02$1,207
Apr 2021057360.362.76$1,581
Mar 2021072261.302.72$1,962
Feb 2021064257.805.55$3,562
Jan 2021048350.412.81$1,357
Dec 2020034544.642.68$923
Nov 2020084538.772.71$2,287
Oct 202002,09136.972.48$5,182
Sep 2020080837.091.99$1,609
Aug 202001,43639.982.39$3,425
Jul 202002,04138.371.83$3,725
Jun 202001,61334.901.69$2,726
May 202002,08716.921.81$3,787
Apr 202002,50514.751.80$4,520
Mar 202002,57830.341.86$4,785
Feb 202002,68249.881.98$5,312
Jan 202001,93957.252.09$4,062
Dec 201902,17159.012.30$5,003
Nov 201901,56055.302.75$4,291
Oct 201902,74853.472.42$6,646
Sep 20191342,49055.052.66$13,993
Aug 201902,74253.112.30$6,319
Jul 201902,55956.272.46$6,295
Jun 201902,25652.782.49$5,620
May 201902,34558.482.74$6,426
Apr 201902,78162.632.75$7,650
Mar 201902,32356.803.06$7,113
Feb 201902,01050.852.79$5,612
Jan 201901,81946.033.23$5,872
Dec 201802,27846.594.19$9,534
Nov 201801,97752.934.24$8,377
Oct 201802,58561.443.40$8,784
Sep 201802,62559.543.11$8,159
Aug 201802,54159.403.07$7,792
Jul 201803,08965.142.93$9,057
Jun 201803,06960.183.08$9,443
May 201802,75665.382.90$7,995
Apr 201803,34063.842.90$9,689
Mar 201802,50561.222.79$6,981
Feb 201802,28361.782.77$6,315
Jan 201802,44362.874.01$9,795
Dec 201702,35657.272.92$6,883
Nov 201702,12555.423.12$6,627
Oct 201702,92849.292.98$8,736
Sep 201702,20647.523.09$6,811
Aug 201702,51445.373.00$7,553
Jul 201702,55143.873.09$7,876
Jun 201702,98542.493.09$9,216
May 201703,31345.373.26$10,812
Apr 201702,52147.933.21$8,096
Mar 201702,83946.772.98$8,471
Feb 201702,96850.452.95$8,763
Jan 201702,56249.413.42$8,759
Dec 201602,56648.763.72$9,553
Nov 201602,58742.492.64$6,841
Oct 201602,82846.193.09$8,739
Sep 201603,11141.553.10$9,646
Aug 201603,12141.442.92$9,127
Jul 201603,30541.622.92$9,665
Jun 201603,51045.352.69$9,427
May 201603,63642.521.99$7,239
Apr 201603,52336.561.99$7,014
Mar 201603,70933.011.79$6,654
Feb 201603,48126.472.06$7,184
Jan 201603,62127.352.36$8,561
Dec 201503,66332.362.00$7,331
Nov 201503,36738.792.17$7,297
Oct 201503,70943.552.43$9,000
Sep 201503,65642.992.76$10,085
Aug 201503,76240.162.87$10,806
Jul 201503,82248.152.95$11,256
Jun 201503,75356.152.88$10,819
May 201503,88255.212.96$11,473
Apr 201503,78449.822.71$10,242
Mar 201503,95242.892.93$11,598
Feb 201503,56244.662.98$10,601
Jan 201503,91743.433.10$12,145
Dec 201403,95254.693.59$14,193
Nov 201403,84770.464.25$16,357
Oct 201404,09078.303.90$15,955
Sep 201404,04986.164.05$16,380
Aug 201404,22689.394.04$17,052
Jul 201404,27996.564.18$17,885
Jun 201404,20498.164.74$19,914
May 201404,45194.734.73$21,038
Apr 201403,99795.944.81$19,222
Mar 201404,23595.895.06$21,416
Feb 201403,94997.406.19$24,452
Jan 201404,23590.404.86$20,585
Dec 201304,53991.824.35$19,765
Nov 201304,47388.853.74$16,721
Oct 201304,42797.423.78$16,731
Sep 201304,662104.113.72$17,332
Aug 201304,482104.253.52$15,788
Jul 201304,753102.523.72$17,670
Jun 201304,58094.403.93$18,015
May 201304,71594.834.15$19,563
Apr 201304,71893.964.28$20,205
Mar 201304,92093.623.91$19,251
Feb 201304,07791.233.42$13,943
Jan 201304,71691.603.42$16,128
Dec 201205,24386.773.42$17,932
Nov 201204,69786.953.62$17,026
Oct 201204,87689.383.40$16,577
Sep 201206,07094.672.92$17,715
Aug 201207,20892.662.91$20,962
Jul 201207,45685.133.02$22,523
Jun 201206,87979.822.52$17,328
May 201207,44291.612.49$18,518
Apr 201207,193101.652.00$14,363
Mar 201206,103105.052.22$13,561
Feb 201205,415101.102.57$13,918
Jan 201205,21198.092.73$14,247
Dec 201105,92696.873.24$19,199
Nov 201105,50795.723.31$18,235
Oct 201106,09584.983.65$22,238
Sep 201105,96683.623.99$23,779
Aug 201106,32583.404.15$26,244
Jul 201106,40994.144.52$28,951
Jun 201105,92992.904.64$27,510
May 201106,58398.134.40$28,997
Apr 201106,564105.964.33$28,444
Mar 201105,83396.364.06$23,666
Feb 201105,43285.644.18$22,706
Jan 201105,83786.504.59$26,785
Dec 201005,43985.734.35$23,647
Nov 201005,42180.843.80$20,574
Oct 201005,71578.103.51$20,053
Sep 201005,80572.633.98$23,101
Aug 201005,98673.684.42$26,454
Jul 201006,15072.554.74$29,129
Jun 201006,30670.364.91$30,965
May 201007,00671.124.24$29,672
Apr 201005,97481.694.12$24,629
Mar 201006,22578.394.39$27,319
Feb 201005,82773.585.44$31,713
Jan 201016,25374.365.96$37,368
Dec 200906,39471.445.48$35,063
Nov 200906,40174.593.75$24,013
Oct 200906,85272.544.11$28,163
Sep 200906,84465.543.06$20,975
Aug 200907,28667.423.22$23,450
Jul 200907,25161.133.46$25,121
Jun 200907,24966.163.90$28,235
May 200907,23454.743.93$28,399
Apr 200917,08446.773.59$25,461
Mar 200907,96242.144.06$32,318
Feb 200917,26432.814.63$33,687
Jan 200918,22435.865.37$44,207
Dec 200807,78137.105.98$46,508
Nov 200807,96855.496.86$54,663
Oct 200808,59375.246.92$59,481
Sep 200808,492101.767.88$66,892
Aug 200808,755114.228.48$74,269
Jul 200808,533131.0811.39$97,186
Jun 200808,722131.3313.03$113,671
May 200808,530123.1711.57$98,729
Apr 200818,873110.3110.45$92,876
Mar 200809,268101.909.66$89,567
Feb 200849,42192.538.77$82,998
Jan 2008110,54990.388.21$86,653
Dec 2007010,06188.337.30$73,465
Nov 200719,73091.677.29$71,040
Oct 2007210,41782.856.92$72,272
Sep 2007510,08475.846.24$63,345
Aug 2007110,82369.066.39$69,206
Jul 2007410,51570.906.39$67,453
Jun 2007010,72162.007.55$80,927
May 200709,76258.747.85$76,595
Apr 2007010,08859.617.81$78,739
Mar 2007011,22556.927.30$81,965
Feb 2007010,21655.108.22$83,935
Jan 2007011,08850.306.73$74,587
Dec 2006011,89556.656.92$82,295
Nov 2006311,30554.207.62$86,278
Oct 2006212,57454.906.01$75,727
Sep 2006312,39160.085.04$62,596
Aug 2006112,90068.717.34$94,754
Jul 2006413,54069.376.34$86,158
Jun 2006513,27266.286.38$85,058
May 2006413,56566.016.42$87,419
Apr 2006412,99464.397.36$95,900
Mar 2006114,20956.707.08$100,698
Feb 2006913,08857.597.75$101,965
Jan 2006715,32560.598.93$137,327
Dec 2005616,41654.9413.42$220,557
Nov 2005718,36454.6910.59$194,828
Oct 2005317,34058.3413.80$239,394
Sep 200507,44961.4512.08$89,976
Aug 200518,59361.519.80$84,246
Jul 200507,73555.697.84$60,671
Jun 200528,31952.337.38$61,508
May 200518,16645.226.65$54,359
Apr 200517,99349.207.36$58,882
Mar 200509,35950.377.15$66,963
Feb 200517,99245.226.31$50,490
Jan 2005010,08443.166.32$63,753
Dec 2004012,34739.866.75$83,356
Nov 200408,35545.286.33$52,891
Oct 2004112,78849.706.52$83,365
Sep 2004420,75143.245.28$109,819
Aug 2004622,28842.375.55$123,967
Jul 2004324,09238.286.08$146,695
Jun 2004625,49136.106.43$164,201
May 2004428,40437.486.49$184,622
Apr 20041731,73134.475.86$186,481
Mar 20041634,41134.365.53$190,847
Feb 2004223,09732.455.51$127,321
Jan 20041030,09332.036.30$189,895
Dec 20032741,96530.266.30$265,265
Nov 2003838,70128.804.60$178,068

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                  153 Mcf  × $  3.05 =       $466

────────────────────────────────────────────────────
Month total                                     $466

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/198798 is the state's own key, not one this site invented.