REED "R" NO. 1 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 215543District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.0 M
Jul 2005 – May 2026
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
251
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 Gas112006-05-03165285
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
CondensateDisposition351 bbl$36,531
GasProduction1,144,307 Mcf$7,967,763
Total$8,004,295

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 31.4600, -96.3344. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.46001, -96.33439 · 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
12,835 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 12,835 ft.

Completions filed
Jan 2010
1 of 1 wells

1 well

42-29331616612,835 ftJan 2010

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 (251)

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

251 months

May 20260256106.413.05$780
Apr 2026026098.932.87$746
Mar 2026021489.753.15$674
Feb 2026023863.503.75$893
Jan 2026027959.138.00$2,231
Dec 2025024056.664.41$1,059
Nov 2025027158.593.93$1,064
Oct 2025026559.383.30$876
Sep 2025025462.743.08$782
Aug 2025026963.933.01$811
Jul 2025023866.743.32$789
Jun 2025024366.483.13$760
May 2025025360.553.23$818
Apr 2025025562.363.54$904
Mar 2025027567.704.27$1,174
Feb 2025021770.884.34$942
Jan 2025022874.324.28$976
Dec 2024022268.993.12$693
Nov 2024022969.052.20$503
Oct 2024025971.372.28$591
Sep 2024022169.612.36$523
Aug 2024024275.632.06$499
Jul 2024018979.932.15$406
Jun 2024021578.082.63$566
May 2024019678.812.20$431
Apr 2024017684.451.66$292
Mar 2024018880.301.55$290
Feb 2024017576.091.78$312
Jan 2024021973.023.30$722
Dec 2023022171.262.61$577
Nov 2023018177.892.81$508
Oct 2023022485.443.09$692
Sep 2023019089.042.74$520
Aug 2023018180.522.67$484
Jul 2023021374.852.64$563
Jun 2023023068.962.26$519
May 2023018370.622.23$408
Apr 2023023178.122.24$517
Mar 2023020872.852.39$498
Feb 2023017575.112.47$431
Jan 2023021476.533.39$725
Dec 2022018376.415.73$1,048
Nov 2022021085.005.65$1,186
Oct 2022022887.185.86$1,337
Sep 2022015484.888.16$1,257
Aug 2022015594.529.13$1,415
Jul 20220184101.587.54$1,388
Jun 20220201115.097.98$1,603
May 20220216109.378.43$1,822
Apr 20220199104.226.84$1,361
Mar 20220195108.885.08$990
Feb 2022016191.054.86$782
Jan 2022021381.844.54$967
Dec 2021023771.323.90$924
Nov 2021018077.435.24$943
Oct 2021023579.795.71$1,343
Sep 2021020869.865.35$1,113
Aug 2021025966.024.22$1,093
Jul 2021026270.783.98$1,043
Jun 2021021169.493.38$713
May 2021029463.483.02$887
Apr 202106860.362.76$188
Mar 2021027961.302.72$758
Feb 2021018957.805.55$1,049
Jan 2021024250.412.81$680
Dec 2020030144.642.68$805
Nov 2020025638.772.71$693
Oct 2020029836.972.48$739
Sep 2020024037.091.99$478
Aug 2020025339.982.39$603
Jul 2020030938.371.83$564
Jun 2020022634.901.69$382
May 2020021116.921.81$383
Apr 2020033714.751.80$608
Mar 2020024430.341.86$453
Feb 2020027849.881.98$551
Jan 2020025057.252.09$524
Dec 2019022459.012.30$516
Nov 2019024455.302.75$671
Oct 2019026653.472.42$643
Sep 2019028855.052.66$765
Aug 2019029553.112.30$680
Jul 2019028556.272.46$701
Jun 2019030552.782.49$760
May 2019024458.482.74$669
Apr 2019025162.632.75$690
Mar 2019021756.803.06$664
Feb 2019021150.852.79$589
Jan 2019024046.033.23$775
Dec 2018024446.594.19$1,021
Nov 2018024252.934.24$1,025
Oct 2018024461.443.40$829
Sep 2018021859.543.11$678
Aug 2018023859.403.07$730
Jul 2018023765.142.93$695
Jun 2018029360.183.08$902
May 2018031265.382.90$905
Apr 2018034263.842.90$992
Mar 2018031461.222.79$875
Feb 2018030061.782.77$830
Jan 2018035362.874.01$1,415
Dec 2017039457.272.92$1,151
Nov 2017038855.423.12$1,210
Oct 2017036749.292.98$1,095
Sep 2017035447.523.09$1,093
Aug 2017038745.373.00$1,163
Jul 2017048043.873.09$1,482
Jun 2017080842.493.09$2,495
May 201701,16645.373.26$3,805
Apr 201702,33647.933.21$7,502
Mar 201702,09246.772.98$6,242
Feb 201702,03450.452.95$6,006
Jan 201701,77549.413.42$6,068
Dec 201602,34948.763.72$8,745
Nov 201602,02442.492.64$5,352
Oct 201602,28246.193.09$7,052
Sep 201602,51741.553.10$7,804
Aug 201602,29441.442.92$6,708
Jul 201601,91241.622.92$5,591
Jun 2016052845.352.69$1,418
May 2016016342.521.99$325
Apr 2016034836.561.99$693
Mar 2016051333.011.79$920
Feb 2016053526.472.06$1,104
Jan 2016054927.352.36$1,298
Dec 2015036232.362.00$725
Nov 2015036338.792.17$787
Oct 201501,66443.552.43$4,038
Sep 201501,13242.992.76$3,123
Aug 2015096840.162.87$2,781
Jul 2015089148.152.95$2,624
Jun 2015081556.152.88$2,350
May 201501,18555.212.96$3,502
Apr 201501,24549.822.71$3,370
Mar 2015049542.892.93$1,453
Feb 2015029244.662.98$869
Jan 2015038443.433.10$1,191
Dec 2014068254.693.59$2,449
Nov 2014080370.464.25$3,414
Oct 201401,23978.303.90$4,833
Sep 201401,23686.164.05$5,000
Aug 201401,25989.394.04$5,080
Jul 201401,05396.564.18$4,401
Jun 201401,12498.164.74$5,324
May 2014098994.734.73$4,675
Apr 201401,71795.944.81$8,257
Mar 201401,48895.895.06$7,525
Feb 201401,28897.406.19$7,975
Jan 201402,03790.404.86$9,901
Dec 201301,12291.824.35$4,886
Nov 20130088.853.74$0
Oct 201301097.423.78$38
Sep 20130259104.113.72$963
Aug 201301,201104.253.52$4,231
Jul 201301,346102.523.72$5,004
Jun 201302,04294.403.93$8,032
May 201301,71194.834.15$7,099
Apr 201302,01293.964.28$8,617
Mar 201301,32993.623.91$5,200
Feb 201302,19491.233.42$7,503
Jan 201301,25391.603.42$4,285
Dec 2012095986.773.42$3,280
Nov 201203,00586.953.62$10,893
Oct 201203,92289.383.40$13,334
Sep 201201,16594.672.92$3,400
Aug 201201,29992.662.91$3,778
Jul 201201,25185.133.02$3,779
Jun 201201,64579.822.52$4,144
May 201205,24191.612.49$13,041
Apr 201202,067101.652.00$4,127
Mar 201203,178105.052.22$7,062
Feb 201202,991101.102.57$7,688
Jan 20121794,63198.092.73$30,220
Dec 201105,46196.873.24$17,692
Nov 201106,00595.723.31$19,884
Oct 201103,04884.983.65$11,121
Sep 201105,16883.623.99$20,599
Aug 201105,74583.404.15$23,838
Jul 201106,05194.144.52$27,334
Jun 201106,32192.904.64$29,329
May 201106,43398.134.40$28,336
Apr 201106,371105.964.33$27,607
Mar 201107,25196.364.06$29,420
Feb 201103,44685.644.18$14,404
Jan 201104,98586.504.59$22,875
Dec 201006,45885.734.35$28,078
Nov 201005,49780.843.80$20,863
Oct 201007,39478.103.51$25,945
Sep 201007,80472.633.98$31,056
Aug 201008,50373.684.42$37,578
Jul 201009,02172.554.74$42,728
Jun 201008,68270.364.91$42,632
May 201008,57371.124.24$36,309
Apr 201009,25581.694.12$38,156
Mar 201009,13878.394.39$40,104
Feb 201004,76773.585.44$25,944
Jan 201003,01274.365.96$17,964
Dec 200901,61171.445.48$8,834
Nov 200902,65674.593.75$9,964
Oct 200907,30372.544.11$30,017
Sep 200904,24565.543.06$13,010
Aug 200903,32667.423.22$10,705
Jul 200902,86861.133.46$9,936
Jun 200903,78266.163.90$14,731
May 200902,22554.743.93$8,735
Apr 200902,87746.773.59$10,321
Mar 200905,75842.144.06$23,372
Feb 200903,38032.814.63$15,660
Jan 200902,97935.865.37$16,000
Dec 200803,26237.105.98$19,497
Nov 200803,26655.496.86$22,406
Oct 200805,12775.246.92$35,489
Sep 200807,237101.767.88$57,007
Aug 200807,632114.228.48$64,742
Jul 200807,574131.0811.39$86,264
Jun 200807,149131.3313.03$93,170
May 200807,907123.1711.57$91,518
Apr 20081729,815110.3110.45$121,588
Mar 2008010,191101.909.66$98,487
Feb 2008010,22592.538.77$89,679
Jan 2008014,17290.388.21$116,292
Dec 2007017,95688.337.30$131,114
Nov 2007018,15291.677.29$132,359
Oct 2007013,54982.856.92$93,786
Sep 2007017,05775.846.24$106,507
Aug 2007014,58169.066.39$93,143
Jul 2007020,77970.906.39$132,735
Jun 2007023,81362.007.55$179,751
May 2007025,45558.747.85$199,727
Apr 2007024,03959.617.81$187,629
Mar 2007025,99856.927.30$189,837
Feb 2007029,42455.108.22$241,748
Jan 2007045,34350.306.73$305,016
Dec 2006063,63356.656.92$440,241
Nov 2006061,12554.207.62$465,618
Oct 200601,00254.906.01$6,026
Sep 2006014,54760.085.04$73,276
Aug 2006016,16068.717.34$118,613
Jul 2006017,39769.376.34$110,345
Jun 2006017,98366.286.38$114,801
May 2006020,54166.016.42$131,976
Apr 2006022,82564.397.36$168,003
Mar 2006022,01856.707.08$155,952
Feb 2006015,72957.597.75$121,917
Jan 2006019,31460.598.93$172,538
Dec 2005018,81054.9413.42$252,344
Nov 2005022,61754.6910.59$239,478
Oct 2005026,22258.3413.80$361,752
Sep 2005029,11761.4512.08$351,704
Aug 2005033,17861.519.80$325,040
Jul 2005032,03855.697.84$251,295

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                  256 Mcf  × $  3.05 =       $780

────────────────────────────────────────────────────
Month total                                     $780

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/215543 is the state's own key, not one this site invented.