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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 202220District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.8 M
Apr 2004 – May 2026
Value, last 12 filed months
$25 k
at the published price for each month
Months reported
266
no gaps in the span
Streams
2
condensate, gas

The FREESTONE (CV-BOSSIER CONS.) field

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 Gas112004-08-23157220
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
CondensateDisposition12 bbl$551
GasProduction1,776,459 Mcf$10,842,464
Total$10,843,016

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 31.4828, -96.2939. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.48278, -96.29395 · 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
13,010 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 13,010 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-29331549813,010 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 (266)

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

266 months

May 20260454106.413.05$1,383
Apr 2026043498.932.87$1,245
Mar 2026053789.753.15$1,691
Feb 2026041963.503.75$1,571
Jan 2026050659.138.00$4,047
Dec 2025060356.664.41$2,661
Nov 2025057258.593.93$2,246
Oct 2025060159.383.30$1,986
Sep 2025055262.743.08$1,698
Aug 2025070863.933.01$2,134
Jul 2025065466.743.32$2,168
Jun 2025069166.483.13$2,162
May 2025089960.553.23$2,906
Apr 202501,45862.363.54$5,166
Mar 202501,69067.704.27$7,213
Feb 202501,58070.884.34$6,859
Jan 202502,04774.324.28$8,758
Dec 202401,49468.993.12$4,663
Nov 202401,33369.052.20$2,931
Oct 202401,38871.372.28$3,167
Sep 202401,79569.612.36$4,244
Aug 202402,13375.632.06$4,402
Jul 202401,54479.932.15$3,314
Jun 202402,16578.082.63$5,703
May 202402,28378.812.20$5,019
Apr 202402,16484.451.66$3,591
Mar 202402,31880.301.55$3,582
Feb 202402,26076.091.78$4,031
Jan 202401,93473.023.30$6,378
Dec 202301,73571.262.61$4,530
Nov 202301,98877.892.81$5,581
Oct 202302,20785.443.09$6,814
Sep 202302,03889.042.74$5,574
Aug 202301,95780.522.67$5,231
Jul 202302,20674.852.64$5,828
Jun 202302,04768.962.26$4,623
May 202302,35170.622.23$5,237
Apr 202302,45778.122.24$5,498
Mar 202302,68972.852.39$6,435
Feb 202302,34775.112.47$5,787
Jan 202302,78376.533.39$9,428
Dec 202202,95076.415.73$16,901
Nov 202203,54985.005.65$20,038
Oct 202202,85287.185.86$16,723
Sep 202203,03684.888.16$24,785
Aug 202203,28994.529.13$30,019
Jul 202203,532101.587.54$26,639
Jun 202203,222115.097.98$25,703
May 202203,273109.378.43$27,601
Apr 202201,244104.226.84$8,506
Mar 20220435108.885.08$2,208
Feb 2022036991.054.86$1,793
Jan 2022034081.844.54$1,543
Dec 2021038171.323.90$1,486
Nov 2021035777.435.24$1,870
Oct 2021033779.795.71$1,926
Sep 2021037669.865.35$2,012
Aug 2021035766.024.22$1,507
Jul 2021044970.783.98$1,788
Jun 202101,04969.493.38$3,546
May 202101,37563.483.02$4,149
Apr 202101,29260.362.76$3,564
Mar 202101,35761.302.72$3,687
Feb 2021097957.805.55$5,431
Jan 202101,33650.412.81$3,755
Dec 202001,30844.642.68$3,500
Nov 202001,14038.772.71$3,085
Oct 202001,11236.972.48$2,756
Sep 202001,11837.091.99$2,226
Aug 2020048939.982.39$1,166
Jul 2020052838.371.83$964
Jun 2020051434.901.69$869
May 202001,29316.921.81$2,346
Apr 202001,11814.751.80$2,017
Mar 2020079730.341.86$1,479
Feb 202001,01549.881.98$2,010
Jan 202001,23657.252.09$2,589
Dec 201901,87059.012.30$4,309
Nov 201902,05355.302.75$5,647
Oct 201901,78653.472.42$4,320
Sep 2019069355.052.66$1,842
Aug 201901,59653.112.30$3,678
Jul 201901,64056.272.46$4,035
Jun 201901,88452.782.49$4,693
May 201902,00458.482.74$5,492
Apr 201902,00462.632.75$5,512
Mar 201901,93056.803.06$5,910
Feb 201902,06650.852.79$5,769
Jan 201902,29846.033.23$7,418
Dec 201802,02046.594.19$8,455
Nov 201802,28252.934.24$9,669
Oct 201802,34261.443.40$7,958
Sep 201802,11459.543.11$6,570
Aug 201802,15559.403.07$6,608
Jul 201802,27665.142.93$6,673
Jun 201802,24960.183.08$6,920
May 201802,39565.382.90$6,947
Apr 201802,41763.842.90$7,011
Mar 201802,50561.222.79$6,981
Feb 201802,42261.782.77$6,700
Jan 201802,40962.874.01$9,658
Dec 201702,69457.272.92$7,871
Nov 201702,56755.423.12$8,005
Oct 201701,53449.292.98$4,577
Sep 201702,12147.523.09$6,548
Aug 201702,49345.373.00$7,490
Jul 201702,52043.873.09$7,780
Jun 201702,44242.493.09$7,539
May 201702,41045.373.26$7,865
Apr 201702,36247.933.21$7,586
Mar 201702,43546.772.98$7,265
Feb 201702,23150.452.95$6,587
Jan 201702,36949.413.42$8,099
Dec 201602,45648.763.72$9,143
Nov 201602,45242.492.64$6,484
Oct 201602,47746.193.09$7,655
Sep 201602,44541.553.10$7,581
Aug 201602,55141.442.92$7,460
Jul 201602,67941.622.92$7,834
Jun 201602,62245.352.69$7,042
May 201602,72942.521.99$5,434
Apr 201602,66536.561.99$5,306
Mar 201602,73833.011.79$4,912
Feb 201602,64326.472.06$5,454
Jan 201602,80227.352.36$6,625
Dec 201502,97332.362.00$5,950
Nov 201502,78538.792.17$6,036
Oct 201502,89143.552.43$7,015
Sep 201502,86042.992.76$7,889
Aug 201502,86140.162.87$8,218
Jul 201503,00148.152.95$8,838
Jun 201502,88556.152.88$8,317
May 201503,04255.212.96$8,990
Apr 201502,91649.822.71$7,892
Mar 201503,05742.892.93$8,971
Feb 201502,77644.662.98$8,262
Jan 201503,11843.433.10$9,668
Dec 201403,23854.693.59$11,629
Nov 201403,14670.464.25$13,376
Oct 201403,29278.303.90$12,842
Sep 201403,27386.164.05$13,241
Aug 201402,99889.394.04$12,097
Jul 201401,99996.564.18$8,355
Jun 201403,27198.164.74$15,494
May 201403,43294.734.73$16,222
Apr 201403,33095.944.81$16,014
Mar 201403,47395.895.06$17,562
Feb 201403,19897.406.19$19,802
Jan 201403,55990.404.86$17,299
Dec 201303,54191.824.35$15,419
Nov 201303,52088.853.74$13,159
Oct 201303,66297.423.78$13,840
Sep 201303,627104.113.72$13,484
Aug 201303,830104.253.52$13,492
Jul 201304,021102.523.72$14,949
Jun 201303,51694.403.93$13,830
May 201303,44494.834.15$14,289
Apr 201303,72893.964.28$15,966
Mar 201303,89793.623.91$15,248
Feb 201303,57291.233.42$12,216
Jan 201303,99291.603.42$13,652
Dec 201204,06186.773.42$13,889
Nov 201203,98686.953.62$14,449
Oct 201204,20989.383.40$14,309
Sep 201204,13594.672.92$12,068
Aug 201204,32592.662.91$12,578
Jul 201204,40185.133.02$13,295
Jun 201204,38879.822.52$11,054
May 201204,50891.612.49$11,217
Apr 201204,022101.652.00$8,031
Mar 201204,631105.052.22$10,290
Feb 201204,399101.102.57$11,306
Jan 201204,69998.092.73$12,847
Dec 201104,83096.873.24$15,648
Nov 201104,40395.723.31$14,580
Oct 201104,05484.983.65$14,791
Sep 201104,76583.623.99$18,992
Aug 201104,81383.404.15$19,971
Jul 201104,77494.144.52$21,565
Jun 201104,67892.904.64$21,705
May 201104,83998.134.40$21,315
Apr 201104,639105.964.33$20,102
Mar 201105,21196.364.06$21,143
Feb 201104,53885.644.18$18,969
Jan 201105,10186.504.59$23,407
Dec 201005,08185.734.35$22,091
Nov 201005,09180.843.80$19,322
Oct 201005,64378.103.51$19,801
Sep 201005,33772.633.98$21,238
Aug 201005,80173.684.42$25,637
Jul 201005,63172.554.74$26,671
Jun 201005,78670.364.91$28,412
May 201006,13571.124.24$25,983
Apr 201005,86981.694.12$24,196
Mar 201006,43878.394.39$28,254
Feb 201005,59573.585.44$30,450
Jan 201005,83974.365.96$34,824
Dec 200905,37571.445.48$29,475
Nov 200904,87674.593.75$18,292
Oct 200906,46772.544.11$26,581
Sep 200906,84665.543.06$20,981
Aug 200907,28267.423.22$23,437
Jul 200907,50261.133.46$25,991
Jun 200907,49366.163.90$29,185
May 200908,09854.743.93$31,791
Apr 200906,38046.773.59$22,888
Mar 200908,11842.144.06$32,951
Feb 200907,52732.814.63$34,873
Jan 200908,02635.865.37$43,108
Dec 200808,44137.105.98$50,453
Nov 200808,45655.496.86$58,011
Oct 200808,85775.246.92$61,308
Sep 200809,255101.767.88$72,902
Aug 200809,765114.228.48$82,837
Jul 200809,595131.0811.39$109,282
Jun 2008010,089131.3313.03$131,486
May 200808,821123.1711.57$102,097
Apr 200809,534110.3110.45$99,677
Mar 2008010,645101.909.66$102,874
Feb 200809,09392.538.77$79,751
Jan 200809,39490.388.21$77,085
Dec 2007011,26588.337.30$82,257
Nov 2007010,47891.677.29$76,402
Oct 200709,26382.856.92$64,118
Sep 2007010,50175.846.24$65,570
Aug 2007011,33169.066.39$72,382
Jul 2007011,02870.906.39$70,446
Jun 2007111,99962.007.55$90,636
May 2007012,89758.747.85$101,193
Apr 2007012,60959.617.81$98,416
Mar 2007013,55256.927.30$98,956
Feb 2007012,61155.108.22$103,612
Jan 2007013,50050.306.73$90,812
Dec 2006115,69656.656.92$108,648
Nov 2006014,94754.207.62$113,858
Oct 2006015,94954.906.01$95,914
Sep 2006015,35460.085.04$77,341
Aug 2006014,59168.717.34$107,097
Jul 2006014,97469.376.34$94,976
Jun 2006016,89266.286.38$107,837
May 2006118,76066.016.42$120,599
Apr 2006117,27564.397.36$127,217
Mar 2006019,70756.707.08$139,583
Feb 2006018,79657.597.75$145,690
Jan 2006022,38060.598.93$199,928
Dec 2005025,24354.9413.42$338,645
Nov 2005118,83054.6910.59$199,434
Oct 2005017,86758.3413.80$246,489
Sep 2005017,61161.4512.08$212,723
Aug 2005019,44661.519.80$190,509
Jul 2005020,89255.697.84$163,869
Jun 2005020,93352.337.38$154,507
May 2005022,47145.226.65$149,458
Apr 2005025,23949.207.36$185,771
Mar 2005027,16150.377.15$194,334
Feb 2005026,28645.226.31$165,915
Jan 2005030,87543.166.32$195,198
Dec 2004032,75639.866.75$221,138
Nov 2004033,23445.286.33$210,385
Oct 2004037,95149.706.52$247,255
Sep 2004042,13143.245.28$222,616
Aug 2004048,94942.375.55$271,699
Jul 2004050,44638.286.08$306,923
Jun 2004267,58036.106.43$434,816
May 2004192,37337.486.49$599,961
Apr 2004439,24434.475.86$230,047

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                  454 Mcf  × $  3.05 =     $1,383

────────────────────────────────────────────────────
Month total                                   $1,383

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/202220 is the state's own key, not one this site invented.