REED "P" NO. 1 GAS 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 220246District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.9 M
May 2006 – May 2026
Value, last 12 filed months
$111 k
at the published price for each month
Months reported
241
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 Gas112006-10-25169101
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
CondensateDisposition177 bbl$8,390
GasProduction1,511,825 Mcf$7,848,944
Total$7,857,334

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 31.4761, -96.2876. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47613, -96.28756 · 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
13,410 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 13,410 ft.

Completions filed
May 2006
1 of 1 wells

1 well

42-293317841113,410 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 (241)

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

241 months

May 202602,884106.413.05$8,784
Apr 202603,79098.932.87$10,876
Mar 202603,30189.753.15$10,396
Feb 202601,04163.503.75$3,904
Jan 202601,57559.138.00$12,597
Dec 202502,01456.664.41$8,889
Nov 202502,18658.593.93$8,583
Oct 202502,13059.383.30$7,039
Sep 202503,72562.743.08$11,462
Aug 202502,74863.933.01$8,285
Jul 202503,97866.743.32$13,188
Jun 202502,30666.483.13$7,215
May 202501,06960.553.23$3,455
Apr 202501,16862.363.54$4,138
Mar 202501,58667.704.27$6,770
Feb 202502,27170.884.34$9,858
Jan 202502,33974.324.28$10,008
Dec 202403,25068.993.12$10,144
Nov 202403,39869.052.20$7,470
Oct 202403,78471.372.28$8,633
Sep 202403,74169.612.36$8,845
Aug 202404,46075.632.06$9,204
Jul 202405,22479.932.15$11,214
Jun 202427,46078.082.63$19,806
May 202401,02778.812.20$2,258
Apr 2024064484.451.66$1,069
Mar 2024041080.301.55$634
Feb 2024042376.091.78$754
Jan 2024063473.023.30$2,091
Dec 2023046971.262.61$1,224
Nov 2023040977.892.81$1,148
Oct 2023058085.443.09$1,791
Sep 2023047489.042.74$1,296
Aug 2023056980.522.67$1,521
Jul 2023069474.852.64$1,833
Jun 2023066468.962.26$1,500
May 2023069370.622.23$1,544
Apr 2023065578.122.24$1,466
Mar 2023055772.852.39$1,333
Feb 2023071475.112.47$1,761
Jan 2023085076.533.39$2,880
Dec 2022093576.415.73$5,357
Nov 2022082685.005.65$4,664
Oct 2022068387.185.86$4,005
Sep 2022092184.888.16$7,519
Aug 202202,65594.529.13$24,233
Jul 202202,871101.587.54$21,653
Jun 202203,545115.097.98$28,279
May 202203,786109.378.43$31,927
Apr 202203,530104.226.84$24,137
Mar 202203,289108.885.08$16,696
Feb 202202,77891.054.86$13,498
Jan 202202,78181.844.54$12,619
Dec 202102,81071.323.90$10,957
Nov 202102,76277.435.24$14,464
Oct 202102,86879.795.71$16,387
Sep 202102,79869.865.35$14,972
Aug 202102,91466.024.22$12,299
Jul 202102,88370.783.98$11,480
Jun 202102,85769.493.38$9,658
May 202103,03263.483.02$9,150
Apr 202103,30860.362.76$9,125
Mar 202103,29561.302.72$8,952
Feb 202102,27857.805.55$12,638
Jan 202102,51450.412.81$7,065
Dec 202002,21844.642.68$5,934
Nov 202002,61538.772.71$7,078
Oct 202003,17136.972.48$7,859
Sep 202003,15437.091.99$6,280
Aug 202003,32339.982.39$7,926
Jul 202003,44438.371.83$6,286
Jun 202003,21534.901.69$5,434
May 202004,08916.921.81$7,421
Apr 202004,41914.751.80$7,974
Mar 202004,61230.341.86$8,561
Feb 202004,30049.881.98$8,517
Jan 202004,61157.252.09$9,659
Dec 201904,46359.012.30$10,284
Nov 201904,45555.302.75$12,254
Oct 201905,03353.472.42$12,173
Sep 201906,38555.052.66$16,967
Aug 201905,63153.112.30$12,976
Jul 201904,05456.272.46$9,973
Jun 201904,08152.782.49$10,167
May 201904,52858.482.74$12,408
Apr 201904,67562.632.75$12,860
Mar 201903,93056.803.06$12,034
Feb 201902,06250.852.79$5,758
Jan 201904,81346.033.23$15,537
Dec 201805,00946.594.19$20,965
Nov 201803,70952.934.24$15,716
Oct 201804,63261.443.40$15,740
Sep 201805,03359.543.11$15,643
Aug 201805,78859.403.07$17,749
Jul 201803,39865.142.93$9,963
Jun 2018094260.183.08$2,898
May 201802,39265.382.90$6,939
Apr 201804,02463.842.90$11,673
Mar 201803,00061.222.79$8,361
Feb 201804,46261.782.77$12,342
Jan 201801,12062.874.01$4,490
Dec 201701,16657.272.92$3,406
Nov 201701,34555.423.12$4,194
Oct 201701,32249.292.98$3,944
Sep 201701,41047.523.09$4,353
Aug 201701,46245.373.00$4,392
Jul 201701,46143.873.09$4,511
Jun 201702,39942.493.09$7,406
May 201701,20945.373.26$3,945
Apr 2017090547.933.21$2,907
Mar 20171741,62346.772.98$12,980
Feb 201702,78350.452.95$8,217
Jan 201702,82749.413.42$9,665
Dec 201603,48048.763.72$12,955
Nov 201603,30042.492.64$8,726
Oct 201603,85746.193.09$11,919
Sep 201603,26541.553.10$10,124
Aug 201602,24741.442.92$6,571
Jul 201602,57141.622.92$7,518
Jun 201603,56145.352.69$9,564
May 201603,54642.521.99$7,060
Apr 201603,55636.561.99$7,080
Mar 201603,87233.011.79$6,946
Feb 201603,53026.472.06$7,285
Jan 201604,20027.352.36$9,930
Dec 201503,49332.362.00$6,991
Nov 201504,07638.792.17$8,834
Oct 201504,27343.552.43$10,369
Sep 201504,21942.992.76$11,638
Aug 201503,28540.162.87$9,436
Jul 201504,24148.152.95$12,490
Jun 201503,64256.152.88$10,499
May 201504,32955.212.96$12,794
Apr 201504,35149.822.71$11,776
Mar 201504,48742.892.93$13,168
Feb 201503,40544.662.98$10,134
Jan 201504,35443.433.10$13,500
Dec 201404,69454.693.59$16,858
Nov 201404,54870.464.25$19,337
Oct 201404,80878.303.90$18,756
Sep 201404,81386.164.05$19,471
Aug 201404,86489.394.04$19,627
Jul 201405,02096.564.18$20,982
Jun 201404,87598.164.74$23,092
May 201405,11894.734.73$24,191
Apr 201404,78595.944.81$23,012
Mar 201405,14295.895.06$26,002
Feb 201404,75397.406.19$29,431
Jan 201405,07190.404.86$24,649
Dec 201304,55791.824.35$19,843
Nov 201304,50288.853.74$16,830
Oct 201305,50197.423.78$20,790
Sep 201304,501104.113.72$16,734
Aug 201304,205104.253.52$14,813
Jul 201304,409102.523.72$16,392
Jun 201305,51694.403.93$21,697
May 201305,74294.834.15$23,824
Apr 201305,47393.964.28$23,439
Mar 201305,65893.623.91$22,139
Feb 201305,29891.233.42$18,119
Jan 201305,87591.603.42$20,092
Dec 201206,04386.773.42$20,668
Nov 201205,89686.953.62$21,373
Oct 201206,20789.383.40$21,102
Sep 201206,16494.672.92$17,989
Aug 201206,01092.662.91$17,478
Jul 201206,53385.133.02$19,735
Jun 201204,15379.822.52$10,462
May 201205,87891.612.49$14,626
Apr 201206,237101.652.00$12,454
Mar 201206,450105.052.22$14,332
Feb 201206,240101.102.57$16,038
Jan 201206,64498.092.73$18,165
Dec 201106,26696.873.24$20,300
Nov 201116,57395.723.31$21,861
Oct 201107,06884.983.65$25,788
Sep 201106,92983.623.99$27,618
Aug 201107,17483.404.15$29,767
Jul 201105,76894.144.52$26,055
Jun 201107,12892.904.64$33,073
May 201107,26098.134.40$31,979
Apr 201106,727105.964.33$29,150
Mar 201107,50496.364.06$30,446
Feb 201106,66785.644.18$27,868
Jan 201107,63486.504.59$35,031
Dec 201007,78385.734.35$33,839
Nov 201007,75980.843.80$29,448
Oct 201007,74878.103.51$27,187
Sep 201007,88772.633.98$31,386
Aug 201008,25373.684.42$36,473
Jul 201008,43372.554.74$39,943
Jun 201008,33370.364.91$40,918
May 201008,65271.124.24$36,643
Apr 201008,50481.694.12$35,059
Mar 201008,84778.394.39$38,827
Feb 201007,86973.585.44$42,826
Jan 201008,94874.365.96$53,367
Dec 200909,14271.445.48$50,132
Nov 200909,01474.593.75$33,816
Oct 200909,44672.544.11$38,825
Sep 200909,48765.543.06$29,075
Aug 200909,96267.423.22$32,063
Jul 2009010,23661.133.46$35,463
Jun 200909,91066.163.90$38,599
May 2009010,44054.743.93$40,985
Apr 2009010,39246.773.59$37,281
Mar 2009011,10442.144.06$45,071
Feb 2009010,10732.814.63$46,826
Jan 2009011,36435.865.37$61,036
Dec 2008011,60537.105.98$69,365
Nov 2008011,45755.496.86$78,599
Oct 2008012,03775.246.92$83,320
Sep 2008011,836101.767.88$93,233
Aug 2008012,708114.228.48$107,802
Jul 2008013,071131.0811.39$148,871
Jun 2008012,417131.3313.03$161,826
May 2008013,361123.1711.57$154,644
Apr 2008013,381110.3110.45$139,896
Mar 2008014,431101.909.66$139,462
Feb 2008013,73892.538.77$120,490
Jan 2008015,26190.388.21$125,228
Dec 2007015,19088.337.30$110,917
Nov 2007015,47591.677.29$112,839
Oct 2007016,54982.856.92$114,552
Sep 2007016,39875.846.24$102,392
Aug 2007018,26169.066.39$116,650
Jul 2007020,11670.906.39$128,500
Jun 2007019,98062.007.55$150,818
May 2007022,09158.747.85$173,332
Apr 2007023,56759.617.81$183,945
Mar 2007023,69856.927.30$173,042
Feb 2007022,65555.108.22$186,133
Jan 2007024,32550.306.73$163,631
Dec 2006021,01856.656.92$145,412
Nov 2006016,60854.207.62$126,511
Oct 2006020,34954.906.01$122,375
Sep 2006028,46560.085.04$143,384
Aug 2006032,48668.717.34$238,445
Jul 2006038,89169.376.34$246,676
Jun 2006045,89466.286.38$292,982
May 2006025,35066.016.42$162,874

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                2,884 Mcf  × $  3.05 =     $8,784

────────────────────────────────────────────────────
Month total                                   $8,784

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/220246 is the state's own key, not one this site invented.