REED, HUGH D. NO. 1 GAS UNIT

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the TEAGUE (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 226939District 05Field 88576304Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.3 M
Sep 2006 – May 2026
Value, last 12 filed months
$7 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 1,075 leases and 1,075 wells, and the rule below applies to all of them.

Discovered
2006-06-06
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 2011-10-11.

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: REGULATORY PURPOSES.IT IS ORDERED THAT THE FIELD REMAIN SUSPENDED.

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 Gas112007-07-09174243
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
CondensateDisposition321 bbl$24,893
GasProduction818,413 Mcf$4,320,484
Total$4,345,377

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 31.7543, -96.2011. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.75430, -96.20115 · 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
12,357 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 12,357 ft.

Completions filed
Sep 2006
1 of 1 wells

1 well

42-16133414412,357 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 20260134106.413.05$408
Apr 2026017998.932.87$514
Mar 2026022489.753.15$705
Feb 202608163.503.75$304
Jan 2026014659.138.00$1,168
Dec 2025012556.664.41$552
Nov 2025010758.593.93$420
Oct 2025017559.383.30$578
Sep 2025013262.743.08$406
Aug 2025017763.933.01$534
Jul 2025013066.743.32$431
Jun 2025016966.483.13$529
May 2025013960.553.23$449
Apr 2025012762.363.54$450
Mar 2025018867.704.27$802
Feb 2025014070.884.34$608
Jan 2025021174.324.28$903
Dec 2024020568.993.12$640
Nov 2024019769.052.20$433
Oct 2024014071.372.28$319
Sep 2024018069.612.36$426
Aug 2024037275.632.06$768
Jul 2024032679.932.15$700
Jun 2024015378.082.63$403
May 20240578.812.20$11
Apr 202406384.451.66$105
Mar 202403480.301.55$53
Feb 202408176.091.78$144
Jan 2024025873.023.30$851
Dec 20230071.262.61$0
Nov 202304277.892.81$118
Oct 202305985.443.09$182
Sep 202301389.042.74$36
Aug 202308580.522.67$227
Jul 202301374.852.64$34
Jun 202304468.962.26$99
May 202303770.622.23$82
Apr 202306678.122.24$148
Mar 2023017372.852.39$414
Feb 2023011475.112.47$281
Jan 2023022576.533.39$762
Dec 2022016676.415.73$951
Nov 20220085.005.65$0
Oct 20220387.185.86$18
Sep 202204084.888.16$327
Aug 20220094.529.13$0
Jul 2022025101.587.54$189
Jun 2022024115.097.98$191
May 2022014109.378.43$118
Apr 2022025104.226.84$171
Mar 2022025108.885.08$127
Feb 202202691.054.86$126
Jan 202202181.844.54$95
Dec 202101871.323.90$70
Nov 202103777.435.24$194
Oct 20210779.795.71$40
Sep 202102869.865.35$150
Aug 202101566.024.22$63
Jul 2021019370.783.98$769
Jun 2021019169.493.38$646
May 2021027463.483.02$827
Apr 2021044860.362.76$1,236
Mar 2021054061.302.72$1,467
Feb 2021029157.805.55$1,614
Jan 2021024250.412.81$680
Dec 2020023144.642.68$618
Nov 2020018438.772.71$498
Oct 2020026136.972.48$647
Sep 2020016237.091.99$323
Aug 2020018139.982.39$432
Jul 2020017738.371.83$323
Jun 2020041634.901.69$703
May 2020027916.921.81$506
Apr 2020032214.751.80$581
Mar 202001,04930.341.86$1,947
Feb 202001,02749.881.98$2,034
Jan 202001,12157.252.09$2,348
Dec 201901,12159.012.30$2,583
Nov 201901,06755.302.75$2,935
Oct 201901,02453.472.42$2,477
Sep 2019072955.052.66$1,937
Aug 2019040153.112.30$924
Jul 2019093056.272.46$2,288
Jun 2019069052.782.49$1,719
May 2019041758.482.74$1,143
Apr 2019059662.632.75$1,639
Mar 2019073356.803.06$2,245
Feb 2019077850.852.79$2,172
Jan 2019064346.033.23$2,076
Dec 2018060146.594.19$2,515
Nov 2018048752.934.24$2,064
Oct 2018047061.443.40$1,597
Sep 2018045159.543.11$1,402
Aug 2018036459.403.07$1,116
Jul 2018027765.142.93$812
Jun 2018030260.183.08$929
May 2018038365.382.90$1,111
Apr 2018040563.842.90$1,175
Mar 2018023861.222.79$663
Feb 2018036961.782.77$1,021
Jan 2018043962.874.01$1,760
Dec 2017041657.272.92$1,215
Nov 201709655.423.12$299
Oct 201705849.292.98$173
Sep 2017053747.523.09$1,658
Aug 2017050545.373.00$1,517
Jul 2017044543.873.09$1,374
Jun 2017016642.493.09$512
May 201701,77345.373.26$5,786
Apr 201703,17847.933.21$10,206
Mar 201703,19646.772.98$9,536
Feb 201702,98850.452.95$8,822
Jan 201703,46149.413.42$11,832
Dec 201603,37248.763.72$12,553
Nov 201603,32242.492.64$8,785
Oct 201603,34246.193.09$10,328
Sep 201603,32941.553.10$10,322
Aug 201603,46041.442.92$10,118
Jul 201603,41441.622.92$9,984
Jun 201603,31445.352.69$8,901
May 201603,41142.521.99$6,791
Apr 201603,39936.561.99$6,768
Mar 201603,51933.011.79$6,313
Feb 201603,30926.472.06$6,829
Jan 201603,50327.352.36$8,282
Dec 201503,49032.362.00$6,985
Nov 201503,26838.792.17$7,083
Oct 201503,30543.552.43$8,020
Sep 201523,35742.992.76$9,346
Aug 201503,29140.162.87$9,453
Jul 201503,29648.152.95$9,707
Jun 201503,20456.152.88$9,237
May 201503,43055.212.96$10,137
Apr 201503,48849.822.71$9,441
Mar 201503,64942.892.93$10,709
Feb 201503,45844.662.98$10,292
Jan 201503,86543.433.10$11,984
Dec 201403,71254.693.59$13,331
Nov 201403,58170.464.25$15,226
Oct 201403,79978.303.90$14,820
Sep 201403,57586.164.05$14,462
Aug 201403,22589.394.04$13,013
Jul 201402,73896.564.18$11,444
Jun 201403,28898.164.74$15,575
May 201403,71694.734.73$17,564
Apr 201403,53395.944.81$16,991
Mar 201403,82995.895.06$19,362
Feb 201403,50697.406.19$21,709
Jan 201403,94190.404.86$19,156
Dec 201304,02791.824.35$17,535
Nov 201303,54088.853.74$13,234
Oct 201303,53697.423.78$13,364
Sep 201303,328104.113.72$12,373
Aug 201303,475104.253.52$12,241
Jul 201303,510102.523.72$13,049
Jun 201303,36394.403.93$13,228
May 201303,67694.834.15$15,252
Apr 201304,08093.964.28$17,473
Mar 201304,40293.623.91$17,224
Feb 201303,99491.233.42$13,659
Jan 201304,37191.603.42$14,948
Dec 201204,31586.773.42$14,758
Nov 201204,23286.953.62$15,341
Oct 201204,10389.383.40$13,949
Sep 201203,80994.672.92$11,116
Aug 201203,78292.662.91$10,999
Jul 201203,48485.133.02$10,524
Jun 201203,51579.822.52$8,854
May 201203,93291.612.49$9,784
Apr 201204,016101.652.00$8,019
Mar 201204,209105.052.22$9,353
Feb 201204,014101.102.57$10,317
Jan 201204,42398.092.73$12,093
Dec 201104,57496.873.24$14,819
Nov 201104,17895.723.31$13,835
Oct 201104,95284.983.65$18,068
Sep 201104,33883.623.99$17,290
Aug 201104,37583.404.15$18,153
Jul 201104,47594.144.52$20,215
Jun 201104,24092.904.64$19,673
May 201104,59198.134.40$20,223
Apr 201104,243105.964.33$18,386
Mar 201114,71796.364.06$19,235
Feb 201104,18885.644.18$17,506
Jan 201105,44186.504.59$24,968
Dec 201005,52985.734.35$24,039
Nov 201005,13880.843.80$19,500
Oct 201014,88778.103.51$17,226
Sep 201005,12872.633.98$20,407
Aug 2010115,58673.684.42$25,497
Jul 201035,47472.554.74$26,145
Jun 201024,82470.364.91$23,828
May 201006,22371.124.24$26,356
Apr 201006,10681.694.12$25,173
Mar 201025,40378.394.39$23,869
Feb 201044,83273.585.44$26,592
Jan 201006,06274.365.96$36,154
Dec 200906,41871.445.48$35,195
Nov 200907,41274.593.75$27,806
Oct 200907,78572.544.11$31,998
Sep 200907,88865.543.06$24,175
Aug 200909,31167.423.22$29,967
Jul 200948,66461.133.46$30,261
Jun 200908,40766.163.90$32,745
May 200908,52054.743.93$33,447
Apr 200968,67446.773.59$31,399
Mar 2009207,90342.144.06$32,921
Feb 2009127,53032.814.63$35,280
Jan 2009147,89135.865.37$42,885
Dec 200808,20437.105.98$49,036
Nov 2008118,13655.496.86$56,426
Oct 2008118,77275.246.92$61,547
Sep 2008118,396101.767.88$67,255
Aug 2008108,672114.228.48$74,707
Jul 200878,679131.0811.39$99,766
Jun 2008138,860131.3313.03$117,176
May 2008159,905123.1711.57$116,491
Apr 2008810,100110.3110.45$106,477
Mar 20081510,193101.909.66$100,034
Feb 2008188,74392.538.77$78,347
Jan 20081310,88790.388.21$90,511
Dec 20071111,74788.337.30$86,748
Nov 20071210,82591.677.29$80,033
Oct 20071213,16582.856.92$92,122
Sep 2007614,93475.846.24$93,705
Aug 200748,73369.066.39$56,062
Jul 200709,50970.906.39$60,743
Jun 200709,45462.007.55$71,363
May 200709,73858.747.85$76,407
Apr 200709,79959.617.81$76,483
Mar 2007411,82856.927.30$86,595
Feb 2007613,05255.108.22$107,566
Jan 2007317,08050.306.73$115,046
Dec 2006420,14256.656.92$139,578
Nov 2006314,92654.207.62$113,861
Oct 20061829,31254.906.01$177,265
Sep 20062427,07560.085.04$137,824

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                  134 Mcf  × $  3.05 =       $408

────────────────────────────────────────────────────
Month total                                     $408

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/226939 is the state's own key, not one this site invented.