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 220516District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.3 M
Jun 2006 – May 2026
Value, last 12 filed months
$107 k
at the published price for each month
Months reported
240
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 Gas112006-11-20169667
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
CondensateDisposition62 bbl$4,316
GasProduction1,417,154 Mcf$7,343,932
Total$7,348,248

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 31.4808, -96.2862. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.48083, -96.28624 · 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
13,164 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 13,164 ft.

Completions filed
Jun 2006
1 of 1 wells

1 well

42-293317771713,164 ftJun 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 (240)

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

240 months

May 202631,776106.413.05$5,729
Apr 202621,48498.932.87$4,457
Mar 202622,41489.753.15$7,782
Feb 202613,17663.503.75$11,975
Jan 202642,64559.138.00$21,391
Dec 202532,00256.664.41$9,006
Nov 202532,15958.593.93$8,653
Oct 202542,32759.383.30$7,928
Sep 202522,37062.743.08$7,418
Aug 202521,99363.933.01$6,136
Jul 202572,26166.743.32$7,963
Jun 202522,58066.483.13$8,205
May 202552,59460.553.23$8,687
Apr 202542,55762.363.54$9,309
Mar 202532,79067.704.27$12,112
Feb 202502,63770.884.34$11,447
Jan 202502,14674.324.28$9,182
Dec 202402,58268.993.12$8,059
Nov 202402,64169.052.20$5,806
Oct 202402,75871.372.28$6,292
Sep 202441,93669.612.36$4,856
Aug 202422,23975.632.06$4,772
Jul 202422,11879.932.15$4,706
Jun 202412,31878.082.63$6,184
May 202422,40778.812.20$5,449
Apr 202422,44484.451.66$4,224
Mar 202402,57180.301.55$3,973
Feb 202402,49476.091.78$4,448
Jan 202412,19473.023.30$7,308
Dec 202302,04071.262.61$5,326
Nov 202302,43277.892.81$6,828
Oct 202302,48985.443.09$7,684
Sep 202302,47389.042.74$6,764
Aug 202302,60080.522.67$6,949
Jul 202302,56774.852.64$6,782
Jun 202302,24668.962.26$5,073
May 202302,30070.622.23$5,123
Apr 202301,80178.122.24$4,030
Mar 202302,42372.852.39$5,799
Feb 202302,49975.112.47$6,162
Jan 202301,93076.533.39$6,538
Dec 202202,39976.415.73$13,744
Nov 202202,15685.005.65$12,173
Oct 202201,93087.185.86$11,317
Sep 202202,21484.888.16$18,074
Aug 202202,17294.529.13$19,824
Jul 202202,178101.587.54$16,427
Jun 202202,429115.097.98$19,377
May 202202,331109.378.43$19,657
Apr 202202,829104.226.84$19,344
Mar 202202,028108.885.08$10,295
Feb 202201,93691.054.86$9,407
Jan 202202,31181.844.54$10,487
Dec 202102,48871.323.90$9,701
Nov 202102,60577.435.24$13,642
Oct 202102,39379.795.71$13,673
Sep 202102,42069.865.35$12,949
Aug 202102,43766.024.22$10,286
Jul 202102,14070.783.98$8,522
Jun 202101,80469.493.38$6,099
May 202102,15763.483.02$6,509
Apr 202102,45460.362.76$6,769
Mar 202103,00761.302.72$8,170
Feb 202101,86957.805.55$10,369
Jan 202102,39950.412.81$6,742
Dec 202001,99744.642.68$5,343
Nov 202002,41938.772.71$6,547
Oct 202002,93436.972.48$7,272
Sep 202001,97737.091.99$3,936
Aug 202002,16239.982.39$5,157
Jul 202002,40738.371.83$4,393
Jun 202002,83334.901.69$4,789
May 202003,03216.921.81$5,502
Apr 202003,04114.751.80$5,487
Mar 202003,25230.341.86$6,036
Feb 202002,92649.881.98$5,795
Jan 202003,24957.252.09$6,806
Dec 201903,01659.012.30$6,950
Nov 201903,09055.302.75$8,500
Oct 201902,77953.472.42$6,721
Sep 201902,14055.052.66$5,687
Aug 201902,10253.112.30$4,844
Jul 201902,62656.272.46$6,460
Jun 201902,74252.782.49$6,831
May 201903,23558.482.74$8,865
Apr 201903,34562.632.75$9,201
Mar 201903,43756.803.06$10,524
Feb 201902,95250.852.79$8,243
Jan 201903,29346.033.23$10,630
Dec 201803,14946.594.19$13,180
Nov 201803,18452.934.24$13,491
Oct 201803,54961.443.40$12,060
Sep 201803,36759.543.11$10,465
Aug 201803,25159.403.07$9,969
Jul 201803,49465.142.93$10,244
Jun 201803,43760.183.08$10,575
May 201803,48765.382.90$10,115
Apr 201803,53063.842.90$10,240
Mar 201803,76561.222.79$10,492
Feb 201803,40761.782.77$9,424
Jan 201803,65262.874.01$14,642
Dec 201703,88257.272.92$11,341
Nov 201703,34055.423.12$10,415
Oct 201702,99549.292.98$8,936
Sep 201702,97447.523.09$9,182
Aug 201703,15245.373.00$9,470
Jul 201703,71343.873.09$11,463
Jun 201703,50842.493.09$10,830
May 201702,77145.373.26$9,043
Apr 201703,20347.933.21$10,287
Mar 201703,16046.772.98$9,428
Feb 201703,36950.452.95$9,947
Jan 201703,74249.413.42$12,793
Dec 201603,05948.763.72$11,388
Nov 201603,27142.492.64$8,650
Oct 201603,45646.193.09$10,680
Sep 201603,63441.553.10$11,268
Aug 201603,65941.442.92$10,700
Jul 201603,63241.622.92$10,621
Jun 201603,69345.352.69$9,919
May 201603,79342.521.99$7,552
Apr 201603,73936.561.99$7,445
Mar 201603,99233.011.79$7,162
Feb 201603,72526.472.06$7,687
Jan 201603,97927.352.36$9,408
Dec 201503,92632.362.00$7,858
Nov 201503,67438.792.17$7,963
Oct 201504,08943.552.43$9,922
Sep 201503,99842.992.76$11,028
Aug 201504,20940.162.87$12,090
Jul 201504,16648.152.95$12,269
Jun 201504,01756.152.88$11,580
May 201504,06655.212.96$12,017
Apr 201503,89549.822.71$10,542
Mar 201504,07842.892.93$11,968
Feb 201503,77944.662.98$11,247
Jan 201504,18043.433.10$12,961
Dec 201404,25954.693.59$15,296
Nov 201403,88770.464.25$16,527
Oct 201404,24478.303.90$16,556
Sep 201404,30886.164.05$17,428
Aug 201404,36989.394.04$17,629
Jul 201404,53896.564.18$18,967
Jun 201404,37398.164.74$20,714
May 201404,78094.734.73$22,593
Apr 201404,64995.944.81$22,358
Mar 201404,53495.895.06$22,928
Feb 201404,17897.406.19$25,870
Jan 201404,69390.404.86$22,811
Dec 201304,70291.824.35$20,475
Nov 201304,66288.853.74$17,428
Oct 201305,14897.423.78$19,456
Sep 201304,714104.113.72$17,525
Aug 201305,424104.253.52$19,107
Jul 201305,300102.523.72$19,704
Jun 201304,89794.403.93$19,262
May 201305,04494.834.15$20,928
Apr 201304,87193.964.28$20,861
Mar 201304,99593.623.91$19,545
Feb 201304,84891.233.42$16,580
Jan 201305,11191.603.42$17,479
Dec 201205,22386.773.42$17,864
Nov 201205,28986.953.62$19,172
Oct 201205,37489.383.40$18,270
Sep 201205,31594.672.92$15,511
Aug 201205,38692.662.91$15,663
Jul 201205,65985.133.02$17,095
Jun 201205,55679.822.52$13,996
May 201205,74891.612.49$14,303
Apr 201205,738101.652.00$11,458
Mar 201205,683105.052.22$12,628
Feb 201205,519101.102.57$14,185
Jan 201206,00398.092.73$16,413
Dec 201106,15396.873.24$19,934
Nov 201105,98695.723.31$19,821
Oct 201106,25984.983.65$22,836
Sep 201106,11583.623.99$24,373
Aug 201106,55383.404.15$27,190
Jul 201106,55894.144.52$29,624
Jun 201106,39692.904.64$29,677
May 201106,74898.134.40$29,724
Apr 201106,697105.964.33$29,020
Mar 201107,05496.364.06$28,620
Feb 201106,45085.644.18$26,961
Jan 201107,04486.504.59$32,323
Dec 201006,91685.734.35$30,069
Nov 201006,75480.843.80$25,634
Oct 201007,37478.103.51$25,875
Sep 201007,38872.633.98$29,400
Aug 201007,81873.684.42$34,551
Jul 201007,86972.554.74$37,271
Jun 201007,26170.364.91$35,654
May 201007,49471.124.24$31,739
Apr 201007,58381.694.12$31,262
Mar 201007,97278.394.39$34,986
Feb 201006,85473.585.44$37,302
Jan 201007,87874.365.96$46,985
Dec 200908,37071.445.48$45,899
Nov 200908,33074.593.75$31,250
Oct 200908,73172.544.11$35,887
Sep 200908,66765.543.06$26,562
Aug 200909,17167.423.22$29,517
Jul 200909,39061.133.46$32,532
Jun 200909,18066.163.90$35,756
May 200909,95954.743.93$39,097
Apr 200909,38646.773.59$33,672
Mar 2009010,43942.144.06$42,372
Feb 200909,32132.814.63$43,184
Jan 2009011,10635.865.37$59,650
Dec 2008010,87737.105.98$65,013
Nov 2008011,09055.496.86$76,081
Oct 2008011,79275.246.92$81,624
Sep 2008011,421101.767.88$89,964
Aug 2008012,255114.228.48$103,959
Jul 2008012,133131.0811.39$138,188
Jun 2008011,839131.3313.03$154,293
May 2008012,964123.1711.57$150,049
Apr 2008013,061110.3110.45$136,551
Mar 2008013,913101.909.66$134,456
Feb 2008013,73892.538.77$120,490
Jan 2008015,35490.388.21$125,991
Dec 2007015,38688.337.30$112,348
Nov 2007015,26291.677.29$111,286
Oct 2007016,00082.856.92$110,752
Sep 2007016,25675.846.24$101,505
Aug 2007019,11969.066.39$122,131
Jul 2007019,44970.906.39$124,239
Jun 2007019,41962.007.55$146,583
May 2007020,65358.747.85$162,049
Apr 2007022,58659.617.81$176,288
Mar 2007024,89456.927.30$181,775
Feb 2007023,54055.108.22$193,405
Jan 2007028,60850.306.73$192,442
Dec 2006024,42156.656.92$168,955
Nov 2006023,00854.207.62$175,263
Oct 2006023,07854.906.01$138,786
Sep 2006121,97560.085.04$110,753
Aug 2006029,35668.717.34$215,471
Jul 2006041,49969.376.34$263,218
Jun 2006012,68866.286.38$80,999

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             3 bbl  × $106.41 =       $319
Gas                1,776 Mcf  × $  3.05 =     $5,409

────────────────────────────────────────────────────
Month total                                   $5,729

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/220516 is the state's own key, not one this site invented.