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 200867District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.8 M
Feb 2004 – May 2026
Value, last 12 filed months
$116 k
at the published price for each month
Months reported
268
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 Gas112004-06-30156788
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
CondensateDisposition66 bbl$2,719
GasProduction1,693,708 Mcf$9,787,507
Total$9,790,227

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 31.4803, -96.2913. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.48027, -96.29135 · 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
13,140 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 13,140 ft.

Completions filed
Feb 2004
1 of 1 wells

1 well

42-29331550913,140 ftFeb 2004

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 (268)

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

268 months

May 202602,833106.413.05$8,629
Apr 202602,32098.932.87$6,658
Mar 202602,81589.753.15$8,866
Feb 202602,08563.503.75$7,819
Jan 202602,46559.138.00$19,715
Dec 202502,76556.664.41$12,203
Nov 202502,60158.593.93$10,213
Oct 202512,55259.383.30$8,493
Sep 202502,54962.743.08$7,843
Aug 202512,79363.933.01$8,484
Jul 202502,75466.743.32$9,130
Jun 202502,44766.483.13$7,656
May 202502,56260.553.23$8,281
Apr 202512,43662.363.54$8,693
Mar 202512,52967.704.27$10,862
Feb 202502,32970.884.34$10,110
Jan 202502,66674.324.28$11,407
Dec 202412,33468.993.12$7,354
Nov 202402,56069.052.20$5,628
Oct 202402,62271.372.28$5,982
Sep 202402,08369.612.36$4,925
Aug 202402,41375.632.06$4,980
Jul 202402,83279.932.15$6,079
Jun 202412,57378.082.63$6,855
May 202412,71278.812.20$6,041
Apr 202412,71584.451.66$4,589
Mar 202403,01580.301.55$4,659
Feb 202402,77676.091.78$4,951
Jan 202402,92173.023.30$9,632
Dec 202302,89871.262.61$7,566
Nov 202302,99777.892.81$8,414
Oct 202303,17185.443.09$9,790
Sep 202303,27189.042.74$8,946
Aug 202303,35980.522.67$8,978
Jul 202303,21174.852.64$8,483
Jun 202303,12868.962.26$7,065
May 202303,47870.622.23$7,747
Apr 202303,41178.122.24$7,633
Mar 202303,64372.852.39$8,718
Feb 202303,20575.112.47$7,903
Jan 202303,51476.533.39$11,904
Dec 202203,96576.415.73$22,716
Nov 202204,15385.005.65$23,449
Oct 202204,67887.185.86$27,431
Sep 202204,90384.888.16$40,027
Aug 202205,22594.529.13$47,689
Jul 202205,486101.587.54$41,376
Jun 202205,383115.097.98$42,941
May 202201,677109.378.43$14,142
Apr 2022030104.226.84$205
Mar 2022090108.885.08$457
Feb 2022038191.054.86$1,851
Jan 202202681.844.54$118
Dec 2021016971.323.90$659
Nov 2021019877.435.24$1,037
Oct 2021016179.795.71$920
Sep 2021014369.865.35$765
Aug 202109366.024.22$393
Jul 2021013570.783.98$538
Jun 2021020469.493.38$690
May 202101263.483.02$36
Apr 202105360.362.76$146
Mar 2021014461.302.72$391
Feb 202105357.805.55$294
Jan 202106150.412.81$171
Dec 2020026944.642.68$720
Nov 2020034238.772.71$926
Oct 2020025836.972.48$639
Sep 2020051737.091.99$1,029
Aug 2020042339.982.39$1,009
Jul 2020020438.371.83$372
Jun 2020033834.901.69$571
May 2020017116.921.81$310
Apr 2020039714.751.80$716
Mar 2020016530.341.86$306
Feb 2020022349.881.98$442
Jan 2020010757.252.09$224
Dec 201905759.012.30$131
Nov 2019018655.302.75$512
Oct 2019032653.472.42$788
Sep 2019065355.052.66$1,735
Aug 2019086153.112.30$1,984
Jul 201903,25556.272.46$8,008
Jun 201902,82552.782.49$7,038
May 201902,65158.482.74$7,265
Apr 201902,62162.632.75$7,210
Mar 201902,99156.803.06$9,159
Feb 201901,33550.852.79$3,728
Jan 201902,22946.033.23$7,196
Dec 201802,68946.594.19$11,255
Nov 201802,54852.934.24$10,796
Oct 201802,83561.443.40$9,634
Sep 201803,14059.543.11$9,759
Aug 201801,27459.403.07$3,907
Jul 201803,12565.142.93$9,162
Jun 201802,24360.183.08$6,902
May 201802,53965.382.90$7,365
Apr 201802,89363.842.90$8,392
Mar 201803,11161.222.79$8,670
Feb 201802,88161.782.77$7,969
Jan 201803,09562.874.01$12,409
Dec 201703,44457.272.92$10,062
Nov 201703,43055.423.12$10,696
Oct 201703,23849.292.98$9,661
Sep 201703,18847.523.09$9,842
Aug 201703,49445.373.00$10,497
Jul 201703,56843.873.09$11,015
Jun 201703,51042.493.09$10,836
May 201703,59845.373.26$11,742
Apr 201703,21947.933.21$10,338
Mar 201703,38646.772.98$10,103
Feb 201703,26850.452.95$9,649
Jan 201703,64849.413.42$12,472
Dec 201603,66648.763.72$13,648
Nov 201603,51442.492.64$9,292
Oct 201603,68346.193.09$11,381
Sep 201603,61541.553.10$11,209
Aug 201603,97941.442.92$11,636
Jul 201602,93641.622.92$8,586
Jun 201603,36145.352.69$9,027
May 201603,65342.521.99$7,273
Apr 201603,56836.561.99$7,104
Mar 201603,76333.011.79$6,751
Feb 201603,75026.472.06$7,739
Jan 201603,91727.352.36$9,261
Dec 201503,99432.362.00$7,994
Nov 201503,80638.792.17$8,249
Oct 201504,08843.552.43$9,920
Sep 201503,86942.992.76$10,672
Aug 201503,52640.162.87$10,128
Jul 201503,70348.152.95$10,906
Jun 201503,63056.152.88$10,465
May 201503,14455.212.96$9,292
Apr 201503,30949.822.71$8,956
Mar 201503,43642.892.93$10,084
Feb 201503,16944.662.98$9,432
Jan 201503,86143.433.10$11,972
Dec 201403,94954.693.59$14,182
Nov 201403,84770.464.25$16,357
Oct 201404,13178.303.90$16,115
Sep 201404,18686.164.05$16,934
Aug 201404,34389.394.04$17,525
Jul 201404,39396.564.18$18,361
Jun 201404,39098.164.74$20,795
May 201404,82694.734.73$22,810
Apr 201404,49595.944.81$21,617
Mar 201404,57295.895.06$23,120
Feb 201404,12197.406.19$25,517
Jan 201404,45690.404.86$21,659
Dec 201304,56291.824.35$19,865
Nov 201304,59688.853.74$17,181
Oct 201305,03697.423.78$19,033
Sep 201304,183104.113.72$15,551
Aug 201305,181104.253.52$18,251
Jul 201304,374102.523.72$16,261
Jun 201304,77094.403.93$18,762
May 201304,93994.834.15$20,492
Apr 201304,97693.964.28$21,310
Mar 201305,13393.623.91$20,085
Feb 201304,77091.233.42$16,313
Jan 201305,05091.603.42$17,271
Dec 201205,32686.773.42$18,216
Nov 201205,21986.953.62$18,919
Oct 201205,31689.383.40$18,073
Sep 201205,29994.672.92$15,465
Aug 201205,60892.662.91$16,309
Jul 201205,89185.133.02$17,796
Jun 201205,73279.822.52$14,439
May 201206,24591.612.49$15,540
Apr 201206,451101.652.00$12,881
Mar 201207,415105.052.22$16,477
Feb 201205,713101.102.57$14,684
Jan 201201,16598.092.73$3,185
Dec 20110096.873.24$0
Nov 201101,12495.723.31$3,722
Oct 201101,69884.983.65$6,195
Sep 201102,06783.623.99$8,239
Aug 201104,48883.404.15$18,622
Jul 201104,61794.144.52$20,856
Jun 201104,37392.904.64$20,290
May 201104,56498.134.40$20,104
Apr 201108,771105.964.33$38,007
Mar 201109,52796.364.06$38,654
Feb 201107,37785.644.18$30,836
Jan 201105,43986.504.59$24,958
Dec 201005,05885.734.35$21,991
Nov 201005,11480.843.80$19,409
Oct 201007,37678.103.51$25,882
Sep 201007,51572.633.98$29,906
Aug 201006,80673.684.42$30,078
Jul 201005,21272.554.74$24,687
Jun 201004,81070.364.91$23,619
May 201005,65971.124.24$23,967
Apr 201005,54581.694.12$22,860
Mar 201006,27078.394.39$27,517
Feb 201004,87673.585.44$26,537
Jan 201009,79574.365.96$58,418
Dec 2009011,92071.445.48$65,366
Nov 2009010,71474.593.75$40,194
Oct 200906,94472.544.11$28,542
Sep 200906,24465.543.06$19,136
Aug 200906,68067.423.22$21,500
Jul 200907,72461.133.46$26,760
Jun 200908,29466.163.90$32,305
May 200907,92154.743.93$31,096
Apr 200907,71546.773.59$27,678
Mar 200909,42442.144.06$38,252
Feb 200908,06232.814.63$37,351
Jan 200908,37235.865.37$44,966
Dec 200808,15337.105.98$48,732
Nov 200808,80755.496.86$60,419
Oct 200809,00275.246.92$62,312
Sep 200807,988101.767.88$62,922
Aug 200807,611114.228.48$64,564
Jul 200805,536131.0811.39$63,052
Jun 200806,136131.3313.03$79,968
May 200816,953123.1711.57$80,599
Apr 200808,155110.3110.45$85,259
Mar 200808,630101.909.66$83,401
Feb 200818,50492.538.77$74,678
Jan 200809,27690.388.21$76,116
Dec 200708,99388.337.30$65,667
Nov 200709,67091.677.29$70,511
Oct 200709,85782.856.92$68,230
Sep 200709,91075.846.24$61,880
Aug 200709,37569.066.39$59,887
Jul 200708,85570.906.39$56,565
Jun 200708,48362.007.55$64,034
May 2007010,61958.747.85$83,320
Apr 2007011,85159.617.81$92,499
Mar 2007011,82356.927.30$86,331
Feb 200709,65155.108.22$79,293
Jan 2007011,16750.306.73$75,119
Dec 2006012,80856.656.92$88,611
Nov 2006012,34354.207.62$94,023
Oct 2006113,70754.906.01$82,486
Sep 2006011,14260.085.04$56,124
Aug 2006013,59268.717.34$99,764
Jul 2006013,31769.376.34$84,467
Jun 2006013,32466.286.38$85,059
May 2006014,31666.016.42$91,980
Apr 2006015,40264.397.36$113,366
Mar 2006015,57656.707.08$110,324
Feb 2006014,55157.597.75$112,787
Jan 2006116,49260.598.93$147,389
Dec 2005017,33554.9413.42$232,556
Nov 2005018,53854.6910.59$196,288
Oct 2005020,36858.3413.80$280,992
Sep 2005019,84461.4512.08$239,696
Aug 2005022,82361.519.80$223,593
Jul 2005023,24955.697.84$182,357
Jun 2005021,87252.337.38$161,438
May 2005022,32845.226.65$148,507
Apr 2005021,84049.207.36$160,753
Mar 2005019,73650.377.15$141,209
Feb 2005016,26945.226.31$102,689
Jan 2005017,26543.166.32$109,153
Dec 2004022,87739.866.75$154,444
Nov 2004023,86945.286.33$151,101
Oct 2004027,87749.706.52$181,621
Sep 2004030,21243.245.28$159,637
Aug 2004029,30842.375.55$162,679
Jul 2004230,53138.286.08$185,833
Jun 2004022,97936.106.43$147,824
May 2004129,67237.486.49$192,745
Apr 2004245,06934.475.86$264,104
Mar 20042768,91834.365.53$382,054
Feb 2004221,12632.455.51$6,918

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                2,833 Mcf  × $  3.05 =     $8,629

────────────────────────────────────────────────────
Month total                                   $8,629

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/200867 is the state's own key, not one this site invented.