REED "E" GAS UNIT

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the BEAR GRASS (COTTON VALLEY CONS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 223588District 05Field 06476300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.3 M
Sep 2006 – May 2026
Value, last 12 filed months
$57 k
at the published price for each month
Months reported
237
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 385 leases and 385 wells, and the rule below applies to all of them.

Discovered
2004-02-24
as the register files it
Field class
Gas
the register's own label
Between wells
0 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 2010-12-14.

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: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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 Gas112007-01-26172219
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
CondensateDisposition181 bbl$12,049
GasProduction1,319,060 Mcf$7,272,391
Total$7,284,440

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 31.4286, -96.2292. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.42857, -96.22922 · 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
14,365 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 14,365 ft.

Completions filed
Sep 2006
1 of 1 wells

1 well

42-161334551314,365 ftSep 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 (237)

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

237 months

May 202611,386106.413.05$4,328
Apr 202621,67598.932.87$5,005
Mar 202601,55289.753.15$4,888
Feb 202651,36663.503.75$5,440
Jan 202611,22959.138.00$9,889
Dec 202501,15356.664.41$5,089
Nov 202531,28958.593.93$5,237
Oct 202521,08159.383.30$3,691
Sep 2025195962.743.08$3,014
Aug 2025295463.933.01$3,004
Jul 202501,00066.743.32$3,315
Jun 202501,16966.483.13$3,657
May 202501,12960.553.23$3,649
Apr 202501,11262.363.54$3,940
Mar 202511,30567.704.27$5,638
Feb 202501,20470.884.34$5,226
Jan 202501,35974.324.28$5,815
Dec 202411,35368.993.12$4,292
Nov 202401,29769.052.20$2,851
Oct 202401,33571.372.28$3,046
Sep 202401,30269.612.36$3,078
Aug 202401,26775.632.06$2,615
Jul 202401,15479.932.15$2,477
Jun 202411,26378.082.63$3,405
May 202411,34778.812.20$3,040
Apr 202411,28784.451.66$2,220
Mar 202401,12680.301.55$1,740
Feb 202401,01176.091.78$1,803
Jan 202401,08173.023.30$3,565
Dec 202301,16471.262.61$3,039
Nov 202301,29077.892.81$3,622
Oct 202301,28885.443.09$3,976
Sep 202301,28389.042.74$3,509
Aug 202301,57780.522.67$4,215
Jul 202301,63074.852.64$4,306
Jun 202301,49468.962.26$3,374
May 202301,70870.622.23$3,804
Apr 202301,67278.122.24$3,742
Mar 202301,88572.852.39$4,511
Feb 202301,68975.112.47$4,165
Jan 202301,88976.533.39$6,399
Dec 202201,78976.415.73$10,249
Nov 202201,65485.005.65$9,339
Oct 202201,84287.185.86$10,801
Sep 202201,66284.888.16$13,568
Aug 202201,57294.529.13$14,348
Jul 202201,444101.587.54$10,891
Jun 202201,012115.097.98$8,073
May 20220874109.378.43$7,370
Apr 202201,071104.226.84$7,323
Mar 202201,085108.885.08$5,508
Feb 202201,25691.054.86$6,103
Jan 202201,37681.844.54$6,244
Dec 202101,15271.323.90$4,492
Nov 202107377.435.24$382
Oct 2021019279.795.71$1,097
Sep 2021015669.865.35$835
Aug 2021038366.024.22$1,616
Jul 2021042070.783.98$1,672
Jun 2021056669.493.38$1,913
May 2021039563.483.02$1,192
Apr 2021041460.362.76$1,142
Mar 2021055261.302.72$1,500
Feb 2021065257.805.55$3,617
Jan 202101,47650.412.81$4,148
Dec 202001,87344.642.68$5,011
Nov 202001,83638.772.71$4,969
Oct 202002,04536.972.48$5,068
Sep 202002,13837.091.99$4,257
Aug 202002,19139.982.39$5,226
Jul 202002,13138.371.83$3,889
Jun 202002,16334.901.69$3,656
May 202001,81716.921.81$3,297
Apr 202001,66914.751.80$3,012
Mar 202001,62030.341.86$3,007
Feb 202001,75949.881.98$3,484
Jan 202001,89857.252.09$3,976
Dec 201901,70859.012.30$3,936
Nov 201901,47755.302.75$4,063
Oct 201901,29553.472.42$3,132
Sep 201901,22655.052.66$3,258
Aug 201901,70053.112.30$3,917
Jul 201901,97256.272.46$4,851
Jun 201901,78752.782.49$4,452
May 201901,98358.482.74$5,434
Apr 201901,74362.632.75$4,794
Mar 201901,74556.803.06$5,343
Feb 201901,75150.852.79$4,889
Jan 201901,96446.033.23$6,340
Dec 201801,68146.594.19$7,036
Nov 201801,55552.934.24$6,589
Oct 201801,09661.443.40$3,724
Sep 201801,27559.543.11$3,963
Aug 201801,46559.403.07$4,493
Jul 201801,48465.142.93$4,351
Jun 201801,35260.183.08$4,160
May 201801,34465.382.90$3,899
Apr 201801,18863.842.90$3,446
Mar 201801,25761.222.79$3,503
Feb 201801,11061.782.77$3,070
Jan 201801,88462.874.01$7,554
Dec 201703,28857.272.92$9,606
Nov 201703,11155.423.12$9,701
Oct 201703,42549.292.98$10,219
Sep 201703,40647.523.09$10,515
Aug 201704,28845.373.00$12,883
Jul 201704,44243.873.09$13,714
Jun 201704,14742.493.09$12,803
May 201704,25945.373.26$13,899
Apr 201704,36647.933.21$14,022
Mar 201704,97946.772.98$14,856
Feb 201704,72750.452.95$13,957
Jan 201705,64049.413.42$19,282
Dec 201606,32748.763.72$23,554
Nov 201606,64142.492.64$17,561
Oct 201606,75646.193.09$20,878
Sep 201601,37441.553.10$4,260
Aug 201601,83141.442.92$5,354
Jul 201601,66641.622.92$4,872
Jun 201601,20745.352.69$3,242
May 201601,55442.521.99$3,094
Apr 201601,62736.561.99$3,239
Mar 201601,93933.011.79$3,479
Feb 201601,92126.472.06$3,964
Jan 201602,78527.352.36$6,585
Dec 201502,79432.362.00$5,592
Nov 201502,78438.792.17$6,034
Oct 201503,56043.552.43$8,639
Sep 201504,20942.992.76$11,610
Aug 201504,34040.162.87$12,467
Jul 201503,78248.152.95$11,138
Jun 201502,91656.152.88$8,406
May 201504,12955.212.96$12,203
Apr 201504,85649.822.71$13,143
Mar 201504,71142.892.93$13,825
Feb 201504,88344.662.98$14,533
Jan 201503,53143.433.10$10,948
Dec 201403,85654.693.59$13,848
Nov 201404,77470.464.25$20,298
Oct 201405,36378.303.90$20,921
Sep 201405,57686.164.05$22,557
Aug 201405,89489.394.04$23,783
Jul 201405,81796.564.18$24,313
Jun 201406,19598.164.74$29,345
May 201405,99694.734.73$28,340
Apr 201407,03595.944.81$33,832
Mar 201407,84495.895.06$39,666
Feb 201402,19297.406.19$13,573
Jan 201402,42990.404.86$11,807
Dec 201302,48791.824.35$10,830
Nov 201302,54488.853.74$9,510
Oct 201302,88797.423.78$10,911
Sep 201303,379104.113.72$12,562
Aug 201303,683104.253.52$12,974
Jul 201303,764102.523.72$13,994
Jun 201303,18394.403.93$12,520
May 201302,79994.834.15$11,613
Apr 201302,78793.964.28$11,936
Mar 201302,88293.623.91$11,277
Feb 201302,64891.233.42$9,056
Jan 201302,95791.603.42$10,113
Dec 201203,14786.773.42$10,763
Nov 201202,91486.953.62$10,563
Oct 201202,76589.383.40$9,400
Sep 201203,03894.672.92$8,866
Aug 201203,12192.662.91$9,076
Jul 201203,02985.133.02$9,150
Jun 201202,95179.822.52$7,434
May 201203,60191.612.49$8,960
Apr 201203,599101.652.00$7,186
Mar 201203,700105.052.22$8,222
Feb 201203,597101.102.57$9,245
Jan 201204,08998.092.73$11,180
Dec 201105,19296.873.24$16,821
Nov 201106,26895.723.31$20,755
Oct 201106,82584.983.65$24,901
Sep 201107,28783.623.99$29,045
Aug 201107,78483.404.15$32,298
Jul 201107,66894.144.52$34,638
Jun 201107,87092.904.64$36,516
May 201108,40698.134.40$37,027
Apr 201107,185105.964.33$31,135
Mar 201107,62396.364.06$30,929
Feb 201106,69685.644.18$27,989
Jan 201108,08886.504.59$37,114
Dec 201008,56085.734.35$37,217
Nov 201008,76580.843.80$33,266
Oct 201009,75378.103.51$34,222
Sep 201009,62072.633.98$38,283
Aug 2010011,59673.684.42$51,247
Jul 2010014,80672.554.74$70,128
Jun 201013,56170.364.91$17,556
May 201004,81971.124.24$20,410
Apr 201005,39781.694.12$22,250
Mar 201005,91278.394.39$25,946
Feb 201006,10773.585.44$33,236
Jan 201006,98874.365.96$41,677
Dec 200907,27871.445.48$39,911
Nov 200908,41774.593.75$31,576
Oct 200908,78172.544.11$36,092
Sep 200909,36865.543.06$28,711
Aug 200909,22967.423.22$29,704
Jul 200908,47461.133.46$29,358
Jun 200908,28966.163.90$32,286
May 200909,25854.743.93$36,345
Apr 200909,04346.773.59$32,442
Mar 2009011,40042.144.06$46,273
Feb 2009010,81132.814.63$50,087
Jan 2009013,01135.865.37$69,882
Dec 2008015,50437.105.98$92,670
Nov 2008020,41455.496.86$140,047
Oct 200808,13075.246.92$56,276
Sep 200809,084101.767.88$71,555
Aug 2008011,730114.228.48$99,506
Jul 2008210,912131.0811.39$124,544
Jun 2008314,019131.3313.03$183,098
May 2008517,792123.1711.57$206,546
Apr 2008223,516110.3110.45$246,077
Mar 2008312,799101.909.66$123,996
Feb 2008211,53292.538.77$101,327
Jan 2008214,44590.388.21$118,713
Dec 200721,56288.337.30$11,582
Nov 200742,05091.677.29$15,315
Oct 2007522,11582.856.92$153,494
Sep 2007522,22475.846.24$139,149
Aug 2007325,10869.066.39$160,596
Jul 2007226,46970.906.39$169,224
Jun 2007228,49362.007.55$215,202
May 2007031,71858.747.85$248,868
Apr 2007135,45059.617.81$276,754
Mar 20071743,02956.927.30$315,164
Feb 2007335,44255.108.22$291,357
Jan 2007244,59850.306.73$300,105
Dec 20064452,79856.656.92$367,772
Nov 20064416,14154.207.62$125,339
Oct 2006223,39454.906.01$140,797
Sep 2006334,17060.085.04$172,301

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             1 bbl  × $106.41 =       $106
Gas                1,386 Mcf  × $  3.05 =     $4,222

────────────────────────────────────────────────────
Month total                                   $4,328

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/223588 is the state's own key, not one this site invented.