REAGAN HEIRS

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the BALD PRAIRIE (CV CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 204534District 05Field 05189550Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.4 M
Aug 2004 – May 2026
Value, last 12 filed months
$88 k
at the published price for each month
Months reported
262
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 868 leases and 868 wells, and the rule below applies to all of them.

Discovered
2001-02-22
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 2011-03-08.

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: PER DOCKET 05-0268631 EFFECTIVE 03/08/2011, AMENDED RULE 2 TO

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 Gas112005-01-13159227
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
CondensateDisposition78 bbl$3,863
GasProduction1,349,316 Mcf$7,434,320
Total$7,438,183

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 31.2417, -96.4440. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.24168, -96.44404 · 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
13,070 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 13,070 ft.

Completions filed
Aug 2004
1 of 1 wells

1 well

42-39530902413,070 ftAug 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 (262)

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

262 months

May 202601,811106.413.05$5,516
Apr 202601,58798.932.87$4,554
Mar 202602,07789.753.15$6,541
Feb 202601,67563.503.75$6,282
Jan 202601,77559.138.00$14,196
Dec 202501,96756.664.41$8,681
Nov 202502,25758.593.93$8,862
Oct 202502,09159.383.30$6,910
Sep 202502,55162.743.08$7,849
Aug 202501,99263.933.01$6,005
Jul 202501,83266.743.32$6,073
Jun 202502,18266.483.13$6,827
May 202502,47260.553.23$7,990
Apr 202501,76662.363.54$6,257
Mar 202502,06967.704.27$8,831
Feb 202502,30470.884.34$10,001
Jan 202502,37374.324.28$10,153
Dec 202401,92868.993.12$6,018
Nov 202401,84169.052.20$4,047
Oct 202401,90771.372.28$4,351
Sep 202401,93569.612.36$4,575
Aug 202401,98375.632.06$4,092
Jul 202401,90279.932.15$4,083
Jun 202401,92078.082.63$5,057
May 202401,89778.812.20$4,170
Apr 202402,25584.451.66$3,742
Mar 202402,08580.301.55$3,222
Feb 202402,07276.091.78$3,696
Jan 202402,04573.023.30$6,744
Dec 202302,26771.262.61$5,919
Nov 202302,32977.892.81$6,539
Oct 202302,10285.443.09$6,489
Sep 202302,35589.042.74$6,441
Aug 202302,12880.522.67$5,688
Jul 202302,09474.852.64$5,532
Jun 202301,84068.962.26$4,156
May 202301,89670.622.23$4,223
Apr 202301,86178.122.24$4,164
Mar 202302,18272.852.39$5,222
Feb 202301,80875.112.47$4,458
Jan 202302,13276.533.39$7,223
Dec 202202,09176.415.73$11,980
Nov 202201,95485.005.65$11,033
Oct 202201,83387.185.86$10,748
Sep 202201,94584.888.16$15,878
Aug 202202,92294.529.13$26,670
Jul 202202,821101.587.54$21,276
Jun 202202,313115.097.98$18,451
May 202202,323109.378.43$19,590
Apr 202202,514104.226.84$17,190
Mar 202202,516108.885.08$12,772
Feb 202202,54891.054.86$12,380
Jan 202202,50181.844.54$11,349
Dec 202102,84571.323.90$11,093
Nov 202102,79977.435.24$14,658
Oct 202102,98479.795.71$17,050
Sep 202102,88669.865.35$15,443
Aug 202102,96866.024.22$12,527
Jul 202102,58870.783.98$10,306
Jun 202102,11769.493.38$7,157
May 202102,84363.483.02$8,579
Apr 202102,60160.362.76$7,175
Mar 202102,40161.302.72$6,523
Feb 202102,17757.805.55$12,078
Jan 202102,60950.412.81$7,332
Dec 202002,79544.642.68$7,478
Nov 202002,65338.772.71$7,181
Oct 202002,75136.972.48$6,818
Sep 202002,75137.091.99$5,477
Aug 202002,73739.982.39$6,528
Jul 202002,80338.371.83$5,116
Jun 202002,73934.901.69$4,630
May 202002,89216.921.81$5,248
Apr 202002,79114.751.80$5,036
Mar 202002,77730.341.86$5,155
Feb 202002,60449.881.98$5,158
Jan 202002,64357.252.09$5,536
Dec 201902,67159.012.30$6,155
Nov 201902,64255.302.75$7,267
Oct 201902,71653.472.42$6,569
Sep 201902,63955.052.66$7,013
Aug 201902,77353.112.30$6,390
Jul 201902,86556.272.46$7,048
Jun 201902,84352.782.49$7,082
May 201903,06758.482.74$8,405
Apr 201902,77462.632.75$7,630
Mar 201903,09756.803.06$9,483
Feb 201903,31850.852.79$9,265
Jan 201904,88646.033.23$15,773
Dec 201805,89846.594.19$24,686
Nov 201804,27352.934.24$18,106
Oct 201803,87161.443.40$13,154
Sep 201805,04659.543.11$15,683
Aug 201803,10859.403.07$9,531
Jul 201802,18265.142.93$6,397
Jun 2018083660.183.08$2,572
May 201807,96165.382.90$23,093
Apr 201807,49663.842.90$21,744
Mar 201807,69161.222.79$21,434
Feb 201806,60761.782.77$18,276
Jan 201805,96362.874.01$23,908
Dec 201705,26857.272.92$15,391
Nov 201704,95855.423.12$15,461
Oct 201703,76349.292.98$11,228
Sep 201702,78447.523.09$8,595
Aug 201702,54045.373.00$7,631
Jul 201702,68843.873.09$8,299
Jun 201703,42542.493.09$10,574
May 201702,56245.373.26$8,361
Apr 201702,27647.933.21$7,310
Mar 201702,82946.772.98$8,441
Feb 201702,56950.452.95$7,585
Jan 201702,53349.413.42$8,660
Dec 201602,50148.763.72$9,311
Nov 201603,12542.492.64$8,264
Oct 201602,49446.193.09$7,707
Sep 201602,57441.553.10$7,981
Aug 201602,92841.442.92$8,562
Jul 201603,47841.622.92$10,171
Jun 201603,18545.352.69$8,554
May 201603,55242.521.99$7,072
Apr 201602,57036.561.99$5,117
Mar 201602,58133.011.79$4,630
Feb 201602,39326.472.06$4,938
Jan 201602,87427.352.36$6,795
Dec 201503,20532.362.00$6,415
Nov 201502,81538.792.17$6,101
Oct 201503,23643.552.43$7,852
Sep 201503,06342.992.76$8,449
Aug 201503,25040.162.87$9,336
Jul 201503,40248.152.95$10,019
Jun 201502,97656.152.88$8,579
May 201503,36855.212.96$9,954
Apr 201503,34149.822.71$9,043
Mar 201503,43242.892.93$10,072
Feb 201502,93944.662.98$8,747
Jan 201503,30443.433.10$10,244
Dec 201403,54754.693.59$12,739
Nov 201403,54570.464.25$15,073
Oct 201403,85378.303.90$15,030
Sep 201403,88086.164.05$15,696
Aug 201403,85089.394.04$15,535
Jul 201404,04796.564.18$16,915
Jun 201403,75598.164.74$17,787
May 201403,78994.734.73$17,909
Apr 201403,73895.944.81$17,976
Mar 201403,78095.895.06$19,115
Feb 201403,46497.406.19$21,449
Jan 201404,45490.404.86$21,650
Dec 201303,89991.824.35$16,978
Nov 201303,31088.853.74$12,374
Oct 201304,03897.423.78$15,261
Sep 201303,909104.113.72$14,533
Aug 201304,042104.253.52$14,238
Jul 201303,737102.523.72$13,893
Jun 201303,84694.403.93$15,128
May 201304,06494.834.15$16,862
Apr 201304,10693.964.28$17,584
Mar 201304,86193.623.91$19,020
Feb 201304,17891.233.42$14,288
Jan 201304,55391.603.42$15,571
Dec 201205,65186.773.42$19,327
Nov 201203,54686.953.62$12,854
Oct 201204,42289.383.40$15,033
Sep 201205,09094.672.92$14,855
Aug 201205,50992.662.91$16,021
Jul 201206,35885.133.02$19,206
Jun 201203,59579.822.52$9,056
May 201203,89891.612.49$9,699
Apr 201203,733101.652.00$7,454
Mar 201204,111105.052.22$9,135
Feb 201204,743101.102.57$12,191
Jan 201203,67598.092.73$10,048
Dec 201102,74196.873.24$8,880
Nov 201102,50295.723.31$8,285
Oct 201103,50284.983.65$12,777
Sep 201102,18083.623.99$8,689
Aug 201103,41983.404.15$14,187
Jul 201104,17394.144.52$18,850
Jun 201105,08792.904.64$23,603
May 201108,66698.134.40$38,172
Apr 201106,937105.964.33$30,060
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110386.504.59$14
Dec 201003,66885.734.35$15,948
Nov 201004,14880.843.80$15,743
Oct 201004,65778.103.51$16,341
Sep 201004,74872.633.98$18,895
Aug 201005,00373.684.42$22,110
Jul 201005,36672.554.74$25,416
Jun 201005,43170.364.91$26,668
May 201005,20271.124.24$22,032
Apr 201003,00881.694.12$12,401
Mar 201003,91878.394.39$17,195
Feb 201005,29673.585.44$28,823
Jan 201005,83174.365.96$34,777
Dec 200906,21271.445.48$34,065
Nov 200905,84974.593.75$21,943
Oct 200905,86472.544.11$24,103
Sep 200905,64365.543.06$17,294
Aug 200905,88367.423.22$18,934
Jul 200906,03461.133.46$20,905
Jun 200905,93566.163.90$23,117
May 200906,18154.743.93$24,265
Apr 200906,42146.773.59$23,035
Mar 200915,85042.144.06$23,787
Feb 200905,16732.814.63$23,939
Jan 200916,32235.865.37$33,991
Dec 200806,09737.105.98$36,443
Nov 200806,09155.496.86$41,786
Oct 200806,33875.246.92$43,872
Sep 200806,295101.767.88$49,586
Aug 200806,642114.228.48$56,344
Jul 200806,876131.0811.39$78,314
Jun 200806,793131.3313.03$88,531
May 200807,325123.1711.57$84,782
Apr 200815,936110.3110.45$62,170
Mar 200807,118101.909.66$68,789
Feb 200816,96092.538.77$61,136
Jan 200817,15290.388.21$58,778
Dec 200707,92988.337.30$57,897
Nov 200707,19591.677.29$52,464
Oct 200708,35682.856.92$57,840
Sep 200717,98875.846.24$49,954
Aug 200718,30169.066.39$53,095
Jul 200708,58170.906.39$54,815
Jun 200718,93162.007.55$67,477
May 200709,78358.747.85$76,760
Apr 200719,38859.617.81$73,335
Mar 200709,81356.927.30$71,654
Feb 200708,61455.108.22$70,773
Jan 200709,90550.306.73$66,629
Dec 200608,01756.656.92$55,465
Nov 200608,78654.207.62$66,927
Oct 2006110,18254.906.01$61,287
Sep 200609,18660.085.04$46,272
Aug 200609,44768.717.34$69,340
Jul 2006210,10069.376.34$64,201
Jun 2006110,29766.286.38$65,801
May 2006011,16466.016.42$71,729
Apr 2006010,54364.397.36$77,602
Mar 2006011,74556.707.08$83,189
Feb 2006010,98357.597.75$85,131
Jan 2006112,64960.598.93$113,058
Dec 2005014,69654.9413.42$197,153
Nov 2005110,64954.6910.59$112,811
Oct 2005013,53058.3413.80$186,657
Sep 2005213,61961.4512.08$164,627
Aug 2005213,48961.519.80$132,273
Jul 2005015,88555.697.84$124,596
Jun 2005216,23252.337.38$119,914
May 2005218,28845.226.65$121,727
Apr 2005220,19049.207.36$148,706
Mar 2005223,02450.377.15$164,835
Feb 2005119,76345.226.31$124,788
Jan 2005723,15743.166.32$146,705
Dec 2004125,58439.866.75$172,759
Nov 2004425,76045.286.33$163,253
Oct 2004133,91749.706.52$221,022
Sep 20042849,19343.245.28$261,142
Aug 200494,82742.375.55$27,174

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                1,811 Mcf  × $  3.05 =     $5,516

────────────────────────────────────────────────────
Month total                                   $5,516

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/204534 is the state's own key, not one this site invented.