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 218102District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.1 M
Feb 2006 – May 2026
Value, last 12 filed months
$118 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 Gas112006-08-21167980
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
CondensateDisposition2 bbl$128
GasProduction1,728,325 Mcf$9,144,589
Total$9,144,717

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 31.4478, -96.3303. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.44784, -96.33033 · 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
13,130 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 13,130 ft.

Completions filed
Mar 2006
1 of 1 wells

1 well

42-293316991113,130 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 (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 202602,778106.413.05$8,461
Apr 202602,00198.932.87$5,742
Mar 202603,06389.753.15$9,647
Feb 202602,24063.503.75$8,401
Jan 202602,66459.138.00$21,306
Dec 202502,44156.664.41$10,773
Nov 202502,96258.593.93$11,630
Oct 202512,63859.383.30$8,778
Sep 202502,97262.743.08$9,145
Aug 202502,74263.933.01$8,266
Jul 202502,27366.743.32$7,535
Jun 202502,63066.483.13$8,229
May 202502,91060.553.23$9,406
Apr 202502,72462.363.54$9,651
Mar 202502,86667.704.27$12,233
Feb 202502,69470.884.34$11,694
Jan 202502,41374.324.28$10,324
Dec 202402,98368.993.12$9,311
Nov 202402,28969.052.20$5,032
Oct 202402,87171.372.28$6,550
Sep 202403,20169.612.36$7,568
Aug 202402,73475.632.06$5,642
Jul 202403,37579.932.15$7,245
Jun 202402,43478.082.63$6,411
May 202402,99578.812.20$6,584
Apr 202402,57984.451.66$4,279
Mar 202402,77980.301.55$4,294
Feb 202402,75476.091.78$4,912
Jan 202403,45073.023.30$11,377
Dec 202303,29071.262.61$8,589
Nov 202303,26077.892.81$9,153
Oct 202303,69585.443.09$11,408
Sep 202302,70889.042.74$7,406
Aug 202303,04980.522.67$8,150
Jul 202303,05574.852.64$8,071
Jun 202312,52268.962.26$5,765
May 202302,58670.622.23$5,760
Apr 202302,39878.122.24$5,366
Mar 202302,85572.852.39$6,832
Feb 202302,92475.112.47$7,210
Jan 202302,58776.533.39$8,764
Dec 202203,19676.415.73$18,310
Nov 202203,22085.005.65$18,181
Oct 202202,99387.185.86$17,550
Sep 202202,76884.888.16$22,597
Aug 202203,14994.529.13$28,741
Jul 202203,154101.587.54$23,788
Jun 202203,018115.097.98$24,075
May 202203,393109.378.43$28,613
Apr 202202,988104.226.84$20,431
Mar 202203,534108.885.08$17,940
Feb 202202,78391.054.86$13,522
Jan 202202,54781.844.54$11,557
Dec 202103,62371.323.90$14,127
Nov 202103,23377.435.24$16,931
Oct 202103,26579.795.71$18,656
Sep 202103,55569.865.35$19,023
Aug 202103,61566.024.22$15,257
Jul 202103,67970.783.98$14,650
Jun 202103,66569.493.38$12,390
May 202103,92963.483.02$11,856
Apr 202104,10660.362.76$11,326
Mar 202104,22661.302.72$11,482
Feb 202102,28057.805.55$12,649
Jan 202103,67650.412.81$10,331
Dec 202003,94644.642.68$10,557
Nov 202003,65638.772.71$9,895
Oct 202003,99236.972.48$9,894
Sep 202003,86937.091.99$7,703
Aug 202003,91539.982.39$9,338
Jul 202004,06438.371.83$7,417
Jun 202004,09334.901.69$6,918
May 202004,23216.921.81$7,680
Apr 202002,33914.751.80$4,220
Mar 202004,08030.341.86$7,573
Feb 202004,22949.881.98$8,376
Jan 202004,11457.252.09$8,618
Dec 201903,92259.012.30$9,038
Nov 201903,99055.302.75$10,975
Oct 201904,95553.472.42$11,984
Sep 201902,76155.052.66$7,337
Aug 201903,71053.112.30$8,549
Jul 201904,30956.272.46$10,600
Jun 201904,74052.782.49$11,808
May 201904,77458.482.74$13,082
Apr 201903,80962.632.75$10,477
Mar 201904,86756.803.06$14,903
Feb 201903,45650.852.79$9,650
Jan 201905,70246.033.23$18,407
Dec 201805,55346.594.19$23,242
Nov 201804,99752.934.24$21,173
Oct 201806,29761.443.40$21,398
Sep 201806,68259.543.11$20,768
Aug 201808,21359.403.07$25,186
Jul 201808,27565.142.93$24,261
Jun 2018088060.183.08$2,708
May 201801,45365.382.90$4,215
Apr 201801,40063.842.90$4,061
Mar 201801,44261.222.79$4,019
Feb 201801,37961.782.77$3,814
Jan 201801,75562.874.01$7,036
Dec 201702,00257.272.92$5,849
Nov 201701,93155.423.12$6,022
Oct 201703,10249.292.98$9,255
Sep 201702,79947.523.09$8,641
Aug 201703,71245.373.00$11,152
Jul 201703,94743.873.09$12,185
Jun 201703,74342.493.09$11,556
May 201703,76845.373.26$12,296
Apr 201703,90147.933.21$12,528
Mar 201703,66146.772.98$10,923
Feb 201703,49450.452.95$10,316
Jan 201704,11649.413.42$14,072
Dec 201604,38448.763.72$16,321
Nov 201604,61342.492.64$12,198
Oct 201604,57046.193.09$14,122
Sep 201604,67541.553.10$14,495
Aug 201605,08741.442.92$14,876
Jul 201605,27141.622.92$15,414
Jun 201605,18745.352.69$13,931
May 201605,46542.521.99$10,881
Apr 201605,02336.561.99$10,001
Mar 201605,35733.011.79$9,611
Feb 201605,16326.472.06$10,655
Jan 201605,59327.352.36$13,224
Dec 201505,65932.362.00$11,326
Nov 201505,62038.792.17$12,180
Oct 201505,85743.552.43$14,212
Sep 201506,00242.992.76$16,556
Aug 201506,26040.162.87$17,982
Jul 201506,33648.152.95$18,660
Jun 201506,61556.152.88$19,070
May 201507,08155.212.96$20,928
Apr 201507,22049.822.71$19,541
Mar 201507,77342.892.93$22,812
Feb 201507,47844.662.98$22,256
Jan 201509,17943.433.10$28,461
Dec 201409,72854.693.59$34,937
Nov 201408,27270.464.25$35,171
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 201402289.394.04$89
Jul 201403,06696.564.18$12,815
Jun 201404,24698.164.74$20,113
May 201404,40094.734.73$20,797
Apr 201404,58195.944.81$22,031
Mar 201404,39395.895.06$22,215
Feb 201404,25297.406.19$26,328
Jan 201404,84990.404.86$23,570
Dec 201305,07691.824.35$22,103
Nov 201305,00188.853.74$18,695
Oct 201304,20597.423.78$15,892
Sep 201305,364104.113.72$19,942
Aug 201306,028104.253.52$21,234
Jul 201306,919102.523.72$25,723
Jun 201307,56994.403.93$29,772
May 201303,96394.834.15$16,443
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 201301,37891.603.42$4,713
Dec 201204,05386.773.42$13,862
Nov 201204,06786.953.62$14,743
Oct 201204,04889.383.40$13,762
Sep 201204,38394.672.92$12,791
Aug 201204,41892.662.91$12,848
Jul 201204,44485.133.02$13,424
Jun 201204,68579.822.52$11,802
May 201204,88191.612.49$12,145
Apr 201204,797101.652.00$9,579
Mar 201204,516105.052.22$10,035
Feb 201204,709101.102.57$12,103
Jan 201205,81998.092.73$15,910
Dec 201105,94096.873.24$19,244
Nov 201105,82695.723.31$19,292
Oct 201105,98484.983.65$21,833
Sep 201105,84583.623.99$23,297
Aug 201106,11183.404.15$25,356
Jul 201106,14994.144.52$27,777
Jun 201106,06192.904.64$28,122
May 201106,17098.134.40$27,178
Apr 201106,111105.964.33$26,481
Mar 201106,44396.364.06$26,141
Feb 201105,86185.644.18$24,499
Jan 201106,50886.504.59$29,864
Dec 201006,60385.734.35$28,708
Nov 201006,56880.843.80$24,928
Oct 201006,90178.103.51$24,215
Sep 201006,86572.633.98$27,319
Aug 201007,25173.684.42$32,045
Jul 201007,24872.554.74$34,330
Jun 201007,02270.364.91$34,481
May 201007,38971.124.24$31,294
Apr 201007,11381.694.12$29,325
Mar 201007,44878.394.39$32,687
Feb 201006,63673.585.44$36,116
Jan 201007,81774.365.96$46,621
Dec 200907,44371.445.48$40,816
Nov 200907,67074.593.75$28,774
Oct 200908,18372.544.11$33,634
Sep 200908,07065.543.06$24,733
Aug 200908,45167.423.22$27,200
Jul 200908,58461.133.46$29,739
Jun 200908,55866.163.90$33,333
May 200908,93254.743.93$35,065
Apr 200908,84246.773.59$31,721
Mar 200909,43942.144.06$38,313
Feb 200908,56632.814.63$39,686
Jan 200909,89635.865.37$53,151
Dec 2008010,20137.105.98$60,973
Nov 2008010,17555.496.86$69,804
Oct 2008010,89175.246.92$75,387
Sep 2008010,473101.767.88$82,497
Aug 2008011,354114.228.48$96,316
Jul 2008011,582131.0811.39$131,912
Jun 2008011,664131.3313.03$152,013
May 2008011,980123.1711.57$138,660
Apr 2008011,967110.3110.45$125,113
Mar 2008012,819101.909.66$123,884
Feb 2008013,13692.538.77$115,210
Jan 2008014,61390.388.21$119,910
Dec 2007012,72888.337.30$92,939
Nov 2007011,11991.677.29$81,076
Oct 2007020,68182.856.92$143,153
Sep 2007018,31675.846.24$114,368
Aug 2007019,00069.066.39$121,371
Jul 2007019,54870.906.39$124,871
Jun 2007020,24062.007.55$152,781
May 2007021,78658.747.85$170,939
Apr 2007021,97159.617.81$171,488
Mar 2007025,64256.927.30$187,237
Feb 2007025,83155.108.22$212,228
Jan 2007026,11650.306.73$175,678
Dec 2006024,52756.656.92$169,689
Nov 2006024,63454.207.62$187,649
Oct 2006027,83254.906.01$167,376
Sep 2006028,49560.085.04$143,535
Aug 2006035,70668.717.34$262,079
Jul 2006036,20269.376.34$229,621
Jun 2006037,55966.286.38$239,772
May 2006047,62666.016.42$305,997
Apr 2006060,98864.397.36$448,901
Mar 2006082,01556.707.08$580,906
Feb 200608,79957.597.75$68,202

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                2,778 Mcf  × $  3.05 =     $8,461

────────────────────────────────────────────────────
Month total                                   $8,461

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/218102 is the state's own key, not one this site invented.