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 218035District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.5 M
Feb 2006 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
244
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 Gas112006-08-25167770
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
CondensateDisposition9 bbl$805
GasProduction1,126,858 Mcf$6,475,784
Total$6,476,590

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 31.4504, -96.3324. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45043, -96.33244 · 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
13,055 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 13,055 ft.

Completions filed
Oct 2007
1 of 1 wells

1 well

42-293317051313,055 ftOct 2007

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 (244)

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

244 months

May 2026037106.413.05$113
Apr 202605098.932.87$143
Mar 202602789.753.15$85
Feb 202603863.503.75$143
Jan 202604059.138.00$320
Dec 202505256.664.41$229
Nov 20250058.593.93$0
Oct 202504659.383.30$152
Sep 20250062.743.08$0
Aug 202504163.933.01$124
Jul 202505266.743.32$172
Jun 202502666.483.13$81
May 202502260.553.23$71
Apr 202502262.363.54$78
Mar 202502767.704.27$115
Feb 202502370.884.34$100
Jan 202503374.324.28$141
Dec 202402068.993.12$62
Nov 202407969.052.20$174
Oct 202407671.372.28$173
Sep 20240069.612.36$0
Aug 202402575.632.06$52
Jul 202412379.932.15$129
Jun 202412478.082.63$141
May 202411878.812.20$118
Apr 202422184.451.66$204
Mar 202402680.301.55$40
Feb 202401976.091.78$34
Jan 202401973.023.30$63
Dec 202302971.262.61$76
Nov 202302577.892.81$70
Oct 202302785.443.09$83
Sep 202302789.042.74$74
Aug 202303880.522.67$102
Jul 202302674.852.64$69
Jun 202301868.962.26$41
May 202302470.622.23$53
Apr 202302378.122.24$51
Mar 202302272.852.39$53
Feb 202302575.112.47$62
Jan 202302276.533.39$75
Dec 202202676.415.73$149
Nov 202202385.005.65$130
Oct 202202487.185.86$141
Sep 202202584.888.16$204
Aug 202203594.529.13$319
Jul 2022027101.587.54$204
Jun 2022025115.097.98$199
May 2022027109.378.43$228
Apr 2022026104.226.84$178
Mar 2022030108.885.08$152
Feb 202203191.054.86$151
Jan 202202681.844.54$118
Dec 202104771.323.90$183
Nov 202103377.435.24$173
Oct 202106079.795.71$343
Sep 202103469.865.35$182
Aug 202104866.024.22$203
Jul 202107670.783.98$303
Jun 202104069.493.38$135
May 2021014163.483.02$425
Apr 202103660.362.76$99
Mar 202104961.302.72$133
Feb 2021010857.805.55$599
Jan 202104150.412.81$115
Dec 202004244.642.68$112
Nov 202005238.772.71$141
Oct 2020010036.972.48$248
Sep 202009637.091.99$191
Aug 202005139.982.39$122
Jul 202004638.371.83$84
Jun 202002534.901.69$42
May 202001,83516.921.81$3,330
Apr 202001,60114.751.80$2,889
Mar 202001,56930.341.86$2,912
Feb 2020032749.881.98$648
Jan 2020015457.252.09$323
Dec 201904659.012.30$106
Nov 201903655.302.75$99
Oct 201901,04853.472.42$2,535
Sep 201902,18855.052.66$5,814
Aug 201902,52653.112.30$5,821
Jul 201902,59556.272.46$6,384
Jun 201902,55852.782.49$6,372
May 201902,58258.482.74$7,076
Apr 201902,28762.632.75$6,291
Mar 201902,42856.803.06$7,435
Feb 201902,33850.852.79$6,528
Jan 201902,29946.033.23$7,422
Dec 201802,32546.594.19$9,731
Nov 201802,01152.934.24$8,521
Oct 201802,30661.443.40$7,836
Sep 201802,34559.543.11$7,288
Aug 201802,54159.403.07$7,792
Jul 2018043565.142.93$1,275
Jun 201808160.183.08$249
May 2018015165.382.90$438
Apr 2018016763.842.90$484
Mar 2018014361.222.79$399
Feb 2018012061.782.77$332
Jan 201808262.874.01$329
Dec 201709857.272.92$286
Nov 2017015255.423.12$474
Oct 2017089449.292.98$2,667
Sep 201701,36947.523.09$4,226
Aug 201701,43245.373.00$4,302
Jul 201701,35643.873.09$4,186
Jun 201701,52442.493.09$4,705
May 201701,44545.373.26$4,716
Apr 201701,57547.933.21$5,058
Mar 201701,61746.772.98$4,825
Feb 201701,65450.452.95$4,884
Jan 201701,81649.413.42$6,209
Dec 201601,90148.763.72$7,077
Nov 201601,80742.492.64$4,778
Oct 201601,97046.193.09$6,088
Sep 201601,91141.553.10$5,925
Aug 201601,91441.442.92$5,597
Jul 201601,98641.622.92$5,808
Jun 201602,05845.352.69$5,527
May 201602,13442.521.99$4,249
Apr 201602,00236.561.99$3,986
Mar 201602,00933.011.79$3,604
Feb 201601,95026.472.06$4,024
Jan 201602,31427.352.36$5,471
Dec 201502,51332.362.00$5,030
Nov 201502,26238.792.17$4,903
Oct 201502,60743.552.43$6,326
Sep 201502,68942.992.76$7,417
Aug 201502,96340.162.87$8,511
Jul 201502,96448.152.95$8,729
Jun 201502,86356.152.88$8,254
May 201502,22155.212.96$6,564
Apr 201503,13149.822.71$8,474
Mar 201503,45942.892.93$10,151
Feb 201502,97244.662.98$8,845
Jan 201503,50343.433.10$10,862
Dec 201401,97354.693.59$7,086
Nov 201403,58870.464.25$15,256
Oct 201402,03678.303.90$7,942
Sep 201401,73286.164.05$7,007
Aug 201402,39689.394.04$9,668
Jul 201402,65796.564.18$11,105
Jun 201402,27698.164.74$10,781
May 201403,69894.734.73$17,479
Apr 201402,75495.944.81$13,244
Mar 201403,40395.895.06$17,208
Feb 201402,40397.406.19$14,879
Jan 201402,73890.404.86$13,309
Dec 201303,37791.824.35$14,705
Nov 201303,85388.853.74$14,404
Oct 201303,81397.423.78$14,411
Sep 201303,539104.113.72$13,157
Aug 201303,821104.253.52$13,460
Jul 201304,402102.523.72$16,365
Jun 201303,25894.403.93$12,815
May 201304,74994.834.15$19,704
Apr 201304,76993.964.28$20,424
Mar 201305,23593.623.91$20,484
Feb 201303,96191.233.42$13,546
Jan 201304,94691.603.42$16,915
Dec 201204,89386.773.42$16,735
Nov 201204,75886.953.62$17,248
Oct 201205,25589.383.40$17,865
Sep 201204,01894.672.92$11,726
Aug 201204,49292.662.91$13,063
Jul 201205,43185.133.02$16,406
Jun 201205,22379.822.52$13,157
May 201205,34591.612.49$13,300
Apr 201205,006101.652.00$9,996
Mar 201205,291105.052.22$11,757
Feb 201206,000101.102.57$15,421
Jan 201206,36198.092.73$17,391
Dec 201106,12296.873.24$19,834
Nov 201106,64095.723.31$21,987
Oct 201106,47184.983.65$23,610
Sep 201106,33083.623.99$25,230
Aug 201106,87783.404.15$28,535
Jul 201106,79294.144.52$30,681
Jun 201106,84992.904.64$31,779
May 201107,70998.134.40$33,957
Apr 201107,378105.964.33$31,971
Mar 201107,81396.364.06$31,700
Feb 201107,12085.644.18$29,761
Jan 201108,13486.504.59$37,325
Dec 201008,40885.734.35$36,556
Nov 201008,00880.843.80$30,393
Oct 201008,70078.103.51$30,527
Sep 201008,41272.633.98$33,475
Aug 201009,00473.684.42$39,792
Jul 201009,28572.554.74$43,978
Jun 201008,31570.364.91$40,830
May 201008,90471.124.24$37,710
Apr 201009,61981.694.12$39,656
Mar 201009,95078.394.39$43,667
Feb 201009,04873.585.44$49,242
Jan 2010010,38074.365.96$61,907
Dec 2009011,22571.445.48$61,555
Nov 2009010,35474.593.75$38,843
Oct 2009012,07172.544.11$49,615
Sep 2009011,94765.543.06$36,615
Aug 2009012,15067.423.22$39,105
Jul 2009012,64361.133.46$43,802
Jun 2009012,55666.163.90$48,906
May 2009013,22554.743.93$51,918
Apr 2009013,30246.773.59$47,721
Mar 2009014,56942.144.06$59,136
Feb 2009013,41932.814.63$62,170
Jan 2009015,42935.865.37$82,869
Dec 2008016,02337.105.98$95,772
Nov 2008015,71355.496.86$107,797
Oct 2008016,51575.246.92$114,317
Sep 2008016,583101.767.88$130,626
Aug 2008018,419114.228.48$156,249
Jul 2008019,359131.0811.39$220,488
Jun 2008019,418131.3313.03$253,068
May 2008121,171123.1711.57$245,162
Apr 2008021,835110.3110.45$228,282
Mar 2008125,158101.909.66$243,231
Feb 2008026,53492.538.77$232,719
Jan 2008020,99890.388.21$172,304
Dec 2007024,24188.337.30$177,007
Nov 2007132,42391.677.29$236,510
Oct 2007142,88282.856.92$296,911
Sep 2007091975.846.24$5,738
Aug 200704,95869.066.39$31,671
Jul 200705,97370.906.39$38,155
Jun 200706,08562.007.55$45,932
May 200706,84358.747.85$53,692
Apr 200705,83659.617.81$45,551
Mar 200706,29256.927.30$45,944
Feb 200705,85455.108.22$48,096
Jan 200707,45250.306.73$50,128
Dec 200607,83356.656.92$54,192
Nov 200608,18254.207.62$62,326
Oct 200608,71954.906.01$52,434
Sep 200609,73060.085.04$49,012
Aug 2006012,57368.717.34$92,285
Jul 2006016,99969.376.34$107,821
Jun 2006013,14666.286.38$83,922
May 2006011,43866.016.42$73,489
Apr 2006016,89364.397.36$124,341
Mar 2006021,50056.707.08$152,283
Feb 200606,95257.597.75$53,886

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                   37 Mcf  × $  3.05 =       $113

────────────────────────────────────────────────────
Month total                                     $113

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/218035 is the state's own key, not one this site invented.