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 200996District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.3 M
Mar 2004 – May 2026
Value, last 12 filed months
$79 k
at the published price for each month
Months reported
267
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 Gas112004-06-18156777
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
CondensateDisposition8 bbl$475
GasProduction2,231,614 Mcf$13,287,308
Total$13,287,783

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 31.4923, -96.2879. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.49227, -96.28789 · 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
13,098 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 13,098 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-16132823713,098 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 (267)

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

267 months

May 202601,767106.413.05$5,382
Apr 202611,64598.932.87$4,820
Mar 202601,75089.753.15$5,512
Feb 202601,78063.503.75$6,676
Jan 202601,34259.138.00$10,733
Dec 202501,97956.664.41$8,734
Nov 202501,52858.593.93$6,000
Oct 202501,90759.383.30$6,302
Sep 202501,97462.743.08$6,074
Aug 202502,06663.933.01$6,228
Jul 202502,02566.743.32$6,713
Jun 202501,94866.483.13$6,095
May 202501,68860.553.23$5,456
Apr 202501,62562.363.54$5,758
Mar 202502,21167.704.27$9,437
Feb 202501,65470.884.34$7,180
Jan 202502,20074.324.28$9,413
Dec 202402,41768.993.12$7,544
Nov 202402,61869.052.20$5,756
Oct 202402,84871.372.28$6,497
Sep 202403,37469.612.36$7,977
Aug 202404,11675.632.06$8,494
Jul 202413,05579.932.15$6,638
Jun 2024056178.082.63$1,478
May 2024062578.812.20$1,374
Apr 2024058684.451.66$972
Mar 2024061480.301.55$949
Feb 2024044776.091.78$797
Jan 2024075973.023.30$2,503
Dec 2023064571.262.61$1,684
Nov 2023068977.892.81$1,934
Oct 2023067485.443.09$2,081
Sep 2023075889.042.74$2,073
Aug 2023077780.522.67$2,077
Jul 2023080074.852.64$2,113
Jun 2023073668.962.26$1,662
May 2023084170.622.23$1,873
Apr 2023085378.122.24$1,909
Mar 2023080372.852.39$1,922
Feb 2023092275.112.47$2,273
Jan 2023080176.533.39$2,714
Dec 2022079176.415.73$4,532
Nov 2022091385.005.65$5,155
Oct 202201,18187.185.86$6,925
Sep 2022079984.888.16$6,523
Aug 202201,72794.529.13$15,763
Jul 202202,194101.587.54$16,547
Jun 202202,023115.097.98$16,138
May 202202,242109.378.43$18,907
Apr 202202,023104.226.84$13,832
Mar 202201,883108.885.08$9,559
Feb 2022099891.054.86$4,849
Jan 202201,47581.844.54$6,693
Dec 202102,54071.323.90$9,904
Nov 202101,53177.435.24$8,018
Oct 202101,89379.795.71$10,816
Sep 202102,47069.865.35$13,217
Aug 202101,42266.024.22$6,002
Jul 202102,28570.783.98$9,099
Jun 202102,36369.493.38$7,988
May 202102,66963.483.02$8,054
Apr 202102,42860.362.76$6,697
Mar 202101,94161.302.72$5,274
Feb 202101,97257.805.55$10,941
Jan 202102,73350.412.81$7,680
Dec 202002,69144.642.68$7,200
Nov 202002,48238.772.71$6,718
Oct 202002,49536.972.48$6,184
Sep 202002,54737.091.99$5,071
Aug 202002,23539.982.39$5,331
Jul 202002,13738.371.83$3,900
Jun 202001,70434.901.69$2,880
May 202002,41716.921.81$4,386
Apr 202002,59114.751.80$4,675
Mar 202002,61130.341.86$4,847
Feb 202002,38149.881.98$4,716
Jan 202002,82757.252.09$5,922
Dec 201902,29559.012.30$5,289
Nov 201902,77955.302.75$7,644
Oct 201901,29553.472.42$3,132
Sep 201901,93355.052.66$5,137
Aug 201902,32553.112.30$5,358
Jul 201902,30856.272.46$5,678
Jun 201901,75452.782.49$4,370
May 201902,42158.482.74$6,634
Apr 201902,49762.632.75$6,869
Mar 201902,69056.803.06$8,237
Feb 201902,49650.852.79$6,969
Jan 201902,73446.033.23$8,826
Dec 201802,97646.594.19$12,456
Nov 201802,04952.934.24$8,682
Oct 201802,76961.443.40$9,409
Sep 201802,77259.543.11$8,615
Aug 201802,76659.403.07$8,482
Jul 201803,04965.142.93$8,939
Jun 201802,77660.183.08$8,542
May 201802,92165.382.90$8,473
Apr 201803,05763.842.90$8,868
Mar 201803,26361.222.79$9,093
Feb 201802,99961.782.77$8,296
Jan 201802,69562.874.01$10,805
Dec 201703,02657.272.92$8,841
Nov 201703,14655.423.12$9,810
Oct 201703,23349.292.98$9,646
Sep 201703,22047.523.09$9,941
Aug 201703,45845.373.00$10,389
Jul 201703,56843.873.09$11,015
Jun 201703,50242.493.09$10,812
May 201703,67145.373.26$11,980
Apr 201704,26047.933.21$13,681
Mar 201702,02846.772.98$6,051
Feb 201701,97350.452.95$5,825
Jan 201702,59449.413.42$8,868
Dec 201603,66948.763.72$13,659
Nov 201603,55242.492.64$9,393
Oct 201603,88546.193.09$12,006
Sep 201603,54441.553.10$10,989
Aug 201603,90041.442.92$11,405
Jul 201603,90841.622.92$11,428
Jun 201603,71745.352.69$9,983
May 201603,80842.521.99$7,582
Apr 201603,79336.561.99$7,552
Mar 201603,65333.011.79$6,554
Feb 201603,62926.472.06$7,489
Jan 201603,91627.352.36$9,259
Dec 201503,66932.362.00$7,343
Nov 201503,77738.792.17$8,186
Oct 201504,01943.552.43$9,752
Sep 201503,78142.992.76$10,430
Aug 201504,09840.162.87$11,771
Jul 201504,16348.152.95$12,260
Jun 201504,03356.152.88$11,627
May 201503,88355.212.96$11,476
Apr 201504,18649.822.71$11,330
Mar 201504,60242.892.93$13,506
Feb 201502,33044.662.98$6,935
Jan 201503,15843.433.10$9,792
Dec 201404,41854.693.59$15,867
Nov 201404,28170.464.25$18,202
Oct 201404,45178.303.90$17,363
Sep 201404,35286.164.05$17,606
Aug 201404,59589.394.04$18,541
Jul 201404,62596.564.18$19,331
Jun 201404,54698.164.74$21,534
May 201404,74794.734.73$22,437
Apr 201404,66295.944.81$22,420
Mar 201404,74695.895.06$24,000
Feb 201404,40797.406.19$27,288
Jan 201404,89490.404.86$23,788
Dec 201304,98791.824.35$21,716
Nov 201304,92888.853.74$18,422
Oct 201305,13597.423.78$19,407
Sep 201304,809104.113.72$17,879
Aug 201305,127104.253.52$18,060
Jul 201305,210102.523.72$19,369
Jun 201304,99594.403.93$19,647
May 201305,22894.834.15$21,691
Apr 201304,86793.964.28$20,843
Mar 201305,38793.623.91$21,079
Feb 201304,81391.233.42$16,460
Jan 201305,13491.603.42$17,558
Dec 201205,13986.773.42$17,576
Nov 201205,33186.953.62$19,325
Oct 201205,50389.383.40$18,708
Sep 201205,34394.672.92$15,593
Aug 201205,62992.662.91$16,370
Jul 201205,53285.133.02$16,711
Jun 201205,54279.822.52$13,961
May 201205,82991.612.49$14,504
Apr 201205,612101.652.00$11,206
Mar 201205,831105.052.22$12,957
Feb 201205,574101.102.57$14,327
Jan 201205,98498.092.73$16,361
Dec 201106,21396.873.24$20,129
Nov 201106,29195.723.31$20,831
Oct 201106,51284.983.65$23,759
Sep 201106,36483.623.99$25,366
Aug 201106,62183.404.15$27,473
Jul 201106,67394.144.52$30,144
Jun 201106,57592.904.64$30,507
May 201106,93298.134.40$30,534
Apr 201106,855105.964.33$29,705
Mar 201107,44696.364.06$30,211
Feb 201106,26285.644.18$26,175
Jan 201106,05586.504.59$27,785
Dec 201007,23585.734.35$31,456
Nov 201007,05780.843.80$26,784
Oct 201007,16978.103.51$25,155
Sep 201007,44172.633.98$29,611
Aug 201007,77373.684.42$34,352
Jul 201007,80372.554.74$36,959
Jun 201007,79770.364.91$38,286
May 201008,24371.124.24$34,911
Apr 201008,26881.694.12$34,086
Mar 2010010,33278.394.39$45,344
Feb 201003,81973.585.44$20,784
Jan 201006,46474.365.96$38,552
Dec 200908,98071.445.48$49,244
Nov 200907,54874.593.75$28,316
Oct 200908,70772.544.11$35,788
Sep 200908,33965.543.06$25,557
Aug 200908,75867.423.22$28,188
Jul 200909,08361.133.46$31,468
Jun 200909,61566.163.90$37,450
May 200909,27154.743.93$36,396
Apr 200908,72146.773.59$31,287
Mar 200909,41842.144.06$38,228
Feb 200908,70632.814.63$40,335
Jan 200909,80035.865.37$52,636
Dec 2008010,11237.105.98$60,441
Nov 200809,91255.496.86$68,000
Oct 2008010,64675.246.92$73,691
Sep 2008010,489101.767.88$82,623
Aug 2008010,932114.228.48$92,736
Jul 2008012,526131.0811.39$142,664
Jun 2008010,102131.3313.03$131,656
May 200809,261123.1711.57$107,190
Apr 200809,864110.3110.45$103,127
Mar 2008011,870101.909.66$114,713
Feb 2008010,85292.538.77$95,178
Jan 2008012,87290.388.21$105,624
Dec 2007012,33788.337.30$90,084
Nov 2007012,87891.677.29$93,903
Oct 2007013,02982.856.92$90,186
Sep 2007012,39675.846.24$77,403
Aug 2007014,26669.066.39$91,130
Jul 2007013,44170.906.39$85,860
Jun 2007014,29262.007.55$107,882
May 2007015,03958.747.85$118,000
Apr 2007015,42459.617.81$120,387
Mar 2007016,39756.927.30$119,730
Feb 2007014,78755.108.22$121,490
Jan 2007016,94550.306.73$113,986
Dec 2006017,76556.656.92$122,906
Nov 2006018,15954.207.62$138,326
Oct 2006018,88254.906.01$113,553
Sep 2006019,37360.085.04$97,586
Aug 2006021,13368.717.34$155,115
Jul 2006021,85169.376.34$138,596
Jun 2006022,93966.286.38$146,440
May 2006025,68866.016.42$165,045
Apr 2006227,16464.397.36$200,069
Mar 2006027,63156.707.08$195,708
Feb 2006016,39257.597.75$127,056
Jan 2006019,05760.598.93$170,242
Dec 2005020,09854.9413.42$269,623
Nov 2005020,25254.6910.59$214,436
Oct 2005022,51458.3413.80$310,598
Sep 2005025,77061.4512.08$311,276
Aug 2005027,58761.519.80$270,265
Jul 2005029,02055.697.84$227,622
Jun 2005026,73852.337.38$197,354
May 2005025,39145.226.65$168,880
Apr 2005225,13649.207.36$185,111
Mar 2005029,89450.377.15$213,888
Feb 2005029,13345.226.31$183,885
Jan 2005033,16943.166.32$209,701
Dec 2004036,47939.866.75$246,273
Nov 2004039,90345.286.33$252,603
Oct 2004045,86949.706.52$298,841
Sep 2004045,76043.245.28$241,791
Aug 2004047,92442.375.55$266,010
Jul 2004055,75338.286.08$339,211
Jun 2004060,91436.106.43$391,861
May 2004079,65137.486.49$517,300
Apr 20040104,92934.475.86$614,722
Mar 2004259,69534.365.53$330,190

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                1,767 Mcf  × $  3.05 =     $5,382

────────────────────────────────────────────────────
Month total                                   $5,382

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/200996 is the state's own key, not one this site invented.