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 216220District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.0 M
Aug 2005 – May 2026
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
250
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 Gas112006-09-25166059
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
CondensateDisposition1 bbl$92
GasProduction1,714,954 Mcf$10,992,372
Total$10,992,464

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 31.4629, -96.3368. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.46288, -96.33680 · 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
12,820 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 12,820 ft.

Completions filed
May 2006
1 of 1 wells

1 well

42-29331668912,820 ftMay 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 (250)

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

250 months

May 20260164106.413.05$500
Apr 2026016498.932.87$471
Mar 2026022389.753.15$702
Feb 2026018063.503.75$675
Jan 2026018559.138.00$1,480
Dec 2025018956.664.41$834
Nov 2025021858.593.93$856
Oct 2025021659.383.30$714
Sep 2025019362.743.08$594
Aug 2025021263.933.01$639
Jul 2025015066.743.32$497
Jun 2025021766.483.13$679
May 2025017960.553.23$579
Apr 2025013762.363.54$485
Mar 202506667.704.27$282
Feb 202507670.884.34$330
Jan 2025012274.324.28$522
Dec 202409968.993.12$309
Nov 202409369.052.20$204
Oct 2024010871.372.28$246
Sep 202409869.612.36$232
Aug 2024013875.632.06$285
Jul 2024014279.932.15$305
Jun 2024013578.082.63$356
May 2024013278.812.20$290
Apr 202409984.451.66$164
Mar 2024012280.301.55$189
Feb 2024011776.091.78$209
Jan 2024015773.023.30$518
Dec 202307671.262.61$198
Nov 202308677.892.81$241
Oct 202306785.443.09$207
Sep 202305089.042.74$137
Aug 202305180.522.67$136
Jul 202307874.852.64$206
Jun 2023010568.962.26$237
May 202305870.622.23$129
Apr 202305578.122.24$123
Mar 202306272.852.39$148
Feb 202306875.112.47$168
Jan 202308776.533.39$295
Dec 202209276.415.73$527
Nov 202207485.005.65$418
Oct 202209187.185.86$534
Sep 202208284.888.16$669
Aug 2022011994.529.13$1,086
Jul 20220110101.587.54$830
Jun 2022084115.097.98$670
May 2022064109.378.43$540
Apr 2022071104.226.84$485
Mar 2022079108.885.08$401
Feb 202208091.054.86$389
Jan 202209181.844.54$413
Dec 2021011071.323.90$429
Nov 202109177.435.24$477
Oct 2021015779.795.71$897
Sep 2021016369.865.35$872
Aug 2021017266.024.22$726
Jul 2021015870.783.98$629
Jun 2021022369.493.38$754
May 2021026363.483.02$794
Apr 2021030660.362.76$844
Mar 2021037461.302.72$1,016
Feb 2021032757.805.55$1,814
Jan 2021039550.412.81$1,110
Dec 2020047644.642.68$1,274
Nov 2020041138.772.71$1,112
Oct 2020053136.972.48$1,316
Sep 2020046637.091.99$928
Aug 2020043639.982.39$1,040
Jul 2020048338.371.83$882
Jun 2020055034.901.69$930
May 2020050516.921.81$916
Apr 2020061914.751.80$1,117
Mar 202001,03630.341.86$1,923
Feb 202001,22049.881.98$2,416
Jan 202001,07357.252.09$2,248
Dec 2019089159.012.30$2,053
Nov 2019033355.302.75$916
Oct 2019070453.472.42$1,703
Sep 2019075255.052.66$1,998
Aug 2019062053.112.30$1,429
Jul 2019083756.272.46$2,059
Jun 201901,09752.782.49$2,733
May 201901,34058.482.74$3,672
Apr 201901,27962.632.75$3,518
Mar 201901,31556.803.06$4,027
Feb 201901,37350.852.79$3,834
Jan 201901,34646.033.23$4,345
Dec 201801,41946.594.19$5,939
Nov 201801,54752.934.24$6,555
Oct 201801,60661.443.40$5,457
Sep 201801,57559.543.11$4,895
Aug 201801,75359.403.07$5,376
Jul 201801,77265.142.93$5,195
Jun 201801,74360.183.08$5,363
May 201801,84965.382.90$5,364
Apr 201801,83463.842.90$5,320
Mar 201801,95761.222.79$5,454
Feb 201801,76361.782.77$4,877
Jan 201801,86162.874.01$7,461
Dec 201701,90657.272.92$5,568
Nov 201701,90255.423.12$5,931
Oct 201701,79749.292.98$5,362
Sep 201701,01947.523.09$3,146
Aug 201702,67845.373.00$8,046
Jul 201703,89343.873.09$12,019
Jun 201703,73742.493.09$11,537
May 201703,86945.373.26$12,626
Apr 201703,78647.933.21$12,159
Mar 201703,62746.772.98$10,822
Feb 201703,46950.452.95$10,243
Jan 201703,90449.413.42$13,347
Dec 201603,76748.763.72$14,024
Nov 201603,76942.492.64$9,967
Oct 201603,96346.193.09$12,247
Sep 201604,00641.553.10$12,421
Aug 201604,31441.442.92$12,616
Jul 201603,53741.622.92$10,343
Jun 201604,28145.352.69$11,498
May 201604,45042.521.99$8,860
Apr 201604,22336.561.99$8,408
Mar 201602,49733.011.79$4,480
Feb 201602,76726.472.06$5,710
Jan 201604,48627.352.36$10,607
Dec 201504,52632.362.00$9,058
Nov 201504,88138.792.17$10,579
Oct 201505,05443.552.43$12,264
Sep 201504,91142.992.76$13,547
Aug 201505,22740.162.87$15,015
Jul 201505,42648.152.95$15,980
Jun 201502,61656.152.88$7,542
May 201503,91055.212.96$11,556
Apr 201504,08049.822.71$11,043
Mar 201504,24842.892.93$12,467
Feb 201503,84444.662.98$11,440
Jan 201505,05343.433.10$15,667
Dec 201403,56654.693.59$12,807
Nov 201404,07970.464.25$17,343
Oct 201404,72378.303.90$18,424
Sep 201403,50486.164.05$14,175
Aug 201403,83589.394.04$15,475
Jul 201404,66796.564.18$19,506
Jun 201405,49198.164.74$26,010
May 201404,21194.734.73$19,904
Apr 201404,33595.944.81$20,848
Mar 201405,49695.895.06$27,792
Feb 201404,77897.406.19$29,585
Jan 201403,71490.404.86$18,053
Dec 201304,80391.824.35$20,915
Nov 201305,84688.853.74$21,854
Oct 201305,95597.423.78$22,506
Sep 201305,989104.113.72$22,266
Aug 201306,251104.253.52$22,020
Jul 201305,902102.523.72$21,942
Jun 201305,45094.403.93$21,437
May 201307,18394.834.15$29,803
Apr 201306,87393.964.28$29,434
Mar 201307,06793.623.91$27,652
Feb 201306,61291.233.42$22,612
Jan 201305,73091.603.42$19,596
Dec 201205,92086.773.42$20,247
Nov 201206,34786.953.62$23,008
Oct 201205,74089.383.40$19,514
Sep 201206,04794.672.92$17,648
Aug 201206,04692.662.91$17,583
Jul 201207,16785.133.02$21,650
Jun 201207,01279.822.52$17,664
May 201205,46291.612.49$13,591
Apr 201204,055101.652.00$8,097
Mar 201207,422105.052.22$16,492
Feb 201206,147101.102.57$15,799
Jan 201204,80398.092.73$13,132
Dec 201105,48996.873.24$17,783
Nov 201106,55795.723.31$21,712
Oct 201106,61984.983.65$24,150
Sep 201106,36483.623.99$25,366
Aug 201103,74083.404.15$15,518
Jul 201107,25294.144.52$32,759
Jun 201106,70192.904.64$31,092
May 201107,29398.134.40$32,124
Apr 201107,183105.964.33$31,126
Mar 201107,64096.364.06$30,998
Feb 201106,36585.644.18$26,606
Jan 201107,62586.504.59$34,989
Dec 201006,77285.734.35$29,443
Nov 201007,16480.843.80$27,190
Oct 201008,04678.103.51$28,233
Sep 201008,04972.633.98$32,031
Aug 201008,54673.684.42$37,768
Jul 201008,73872.554.74$41,387
Jun 201008,50470.364.91$41,758
May 201008,97571.124.24$38,011
Apr 201008,53881.694.12$35,200
Mar 201009,07078.394.39$39,805
Feb 201009,00573.585.44$49,008
Jan 201007,86774.365.96$46,920
Dec 200909,22571.445.48$50,588
Nov 200909,45474.593.75$35,467
Oct 2009010,04472.544.11$41,283
Sep 200909,91965.543.06$30,399
Aug 2009010,09667.423.22$32,494
Jul 2009010,66361.133.46$36,942
Jun 2009010,29666.163.90$40,103
May 2009011,21554.743.93$44,027
Apr 2009012,29546.773.59$44,108
Mar 200907,74842.144.06$31,449
Feb 2009010,05132.814.63$46,566
Jan 2009011,79635.865.37$63,356
Dec 2008011,85937.105.98$70,883
Nov 2008012,25255.496.86$84,053
Oct 2008013,18675.246.92$91,273
Sep 2008012,977101.767.88$102,221
Aug 2008016,748114.228.48$142,074
Jul 2008015,756131.0811.39$179,452
Jun 2008014,060131.3313.03$183,239
May 2008015,372123.1711.57$177,920
Apr 2008016,606110.3110.45$173,613
Mar 2008017,351101.909.66$167,681
Feb 2008014,56992.538.77$127,779
Jan 2008016,58390.388.21$136,076
Dec 2007017,38688.337.30$126,952
Nov 2007118,79191.677.29$137,110
Oct 2007018,97582.856.92$131,345
Sep 2007020,58175.846.24$128,511
Aug 2007023,22569.066.39$148,360
Jul 2007020,58870.906.39$131,515
Jun 2007020,99262.007.55$158,457
May 2007023,18558.747.85$181,916
Apr 2007023,72859.617.81$185,202
Mar 2007026,15256.927.30$190,961
Feb 2007024,01955.108.22$197,340
Jan 2007031,01550.306.73$208,633
Dec 2006033,16356.656.92$229,436
Nov 2006035,64854.207.62$271,548
Oct 2006039,18154.906.01$235,627
Sep 2006039,09060.085.04$196,904
Aug 2006040,75868.717.34$299,160
Jul 2006034,81469.376.34$220,817
Jun 2006046,02066.286.38$293,786
May 2006032,94766.016.42$211,684
Apr 2006017,01264.397.36$125,216
Mar 2006028,23656.707.08$199,993
Feb 2006026,81957.597.75$207,877
Jan 2006028,67060.598.93$256,118
Dec 2005022,03654.9413.42$295,622
Nov 2005026,69854.6910.59$282,689
Oct 2005038,14758.3413.80$526,267
Sep 2005050,91261.4512.08$614,966
Aug 2005044,97061.519.80$440,564

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                  164 Mcf  × $  3.05 =       $500

────────────────────────────────────────────────────
Month total                                     $500

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/216220 is the state's own key, not one this site invented.