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 228513District 05Field 88576304Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.1 M
Jan 2007 – May 2026
Value, last 12 filed months
$125 k
at the published price for each month
Months reported
233
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 Gas112007-08-06175257
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
CondensateDisposition531 bbl$40,895
GasProduction1,422,614 Mcf$7,051,038
Total$7,091,933

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 31.7593, -96.1904. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.75925, -96.19045 · 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
12,313 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 12,313 ft.

Completions filed
Jan 2007
1 of 1 wells

1 well

42-16133384312,313 ftJan 2007

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 (233)

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

233 months

May 202622,797106.413.05$8,732
Apr 202632,73298.932.87$8,137
Mar 202612,78989.753.15$8,874
Feb 202622,54063.503.75$9,653
Jan 202622,61659.138.00$21,041
Dec 202502,82056.664.41$12,446
Nov 202512,71658.593.93$10,723
Oct 202522,84959.383.30$9,534
Sep 202502,72262.743.08$8,375
Aug 202522,80963.933.01$8,596
Jul 202512,90466.743.32$9,694
Jun 202512,97766.483.13$9,381
May 202512,09260.553.23$6,823
Apr 202532,83562.363.54$10,232
Mar 202542,77067.704.27$12,094
Feb 202502,72170.884.34$11,811
Jan 202521,93874.324.28$8,441
Dec 202402,47568.993.12$7,725
Nov 202402,67869.052.20$5,887
Oct 202432,92771.372.28$6,892
Sep 202412,57669.612.36$6,160
Aug 202412,59875.632.06$5,437
Jul 202403,06679.932.15$6,581
Jun 202403,04278.082.63$8,013
May 202403,05178.812.20$6,707
Apr 202412,05584.451.66$3,494
Mar 202402,90980.301.55$4,495
Feb 202402,40776.091.78$4,293
Jan 202462,94973.023.30$10,163
Dec 202303,22871.262.61$8,427
Nov 202302,48777.892.81$6,982
Oct 202302,81585.443.09$8,691
Sep 202302,63589.042.74$7,207
Aug 202302,76480.522.67$7,388
Jul 202302,21174.852.64$5,841
Jun 202301,13068.962.26$2,552
May 202301,92970.622.23$4,297
Apr 202302,52578.122.24$5,650
Mar 202302,73372.852.39$6,541
Feb 202302,19075.112.47$5,400
Jan 202301,80976.533.39$6,128
Dec 202202,32876.415.73$13,337
Nov 202202,52885.005.65$14,274
Oct 202202,68587.185.86$15,744
Sep 202202,42384.888.16$19,781
Aug 202202,72094.529.13$24,826
Jul 202202,856101.587.54$21,540
Jun 202202,856115.097.98$22,783
May 202202,254109.378.43$19,008
Apr 202202,572104.226.84$17,586
Mar 202202,926108.885.08$14,854
Feb 202202,51491.054.86$12,215
Jan 202202,63981.844.54$11,975
Dec 202102,77171.323.90$10,804
Nov 2021091477.435.24$4,786
Oct 202102,14179.795.71$12,233
Sep 202102,90269.865.35$15,528
Aug 202103,17666.024.22$13,405
Jul 202103,09370.783.98$12,317
Jun 202103,00269.493.38$10,149
May 202103,42663.483.02$10,339
Apr 202102,72860.362.76$7,525
Mar 202102,73461.302.72$7,428
Feb 202101,10157.805.55$6,108
Jan 202102,73450.412.81$7,683
Dec 202002,20244.642.68$5,891
Nov 202002,23838.772.71$6,057
Oct 202002,74536.972.48$6,803
Sep 202002,44637.091.99$4,870
Aug 202002,74739.982.39$6,552
Jul 202002,26138.371.83$4,127
Jun 202002,68034.901.69$4,530
May 202002,65816.921.81$4,824
Apr 202002,69414.751.80$4,861
Mar 202002,92530.341.86$5,429
Feb 202002,86949.881.98$5,683
Jan 202002,94657.252.09$6,171
Dec 201903,04159.012.30$7,008
Nov 201902,84355.302.75$7,820
Oct 201903,02653.472.42$7,319
Sep 201902,79955.052.66$7,438
Aug 201902,66053.112.30$6,130
Jul 201902,30556.272.46$5,670
Jun 201903,10052.782.49$7,723
May 201903,31758.482.74$9,090
Apr 20191913,00362.632.75$20,223
Mar 201903,20256.803.06$9,805
Feb 201902,82250.852.79$7,880
Jan 201903,21046.033.23$10,362
Dec 201803,79646.594.19$15,888
Nov 201802,61752.934.24$11,089
Oct 201803,25761.443.40$11,068
Sep 201803,15559.543.11$9,806
Aug 201803,51759.403.07$10,785
Jul 201803,85165.142.93$11,291
Jun 201803,53760.183.08$10,883
May 201803,91565.382.90$11,357
Apr 201803,50463.842.90$10,164
Mar 201804,20761.222.79$11,724
Feb 201803,88561.782.77$10,746
Jan 201803,53662.874.01$14,177
Dec 201703,93457.272.92$11,493
Nov 201703,55255.423.12$11,076
Oct 201704,11549.292.98$12,278
Sep 201704,75247.523.09$14,671
Aug 201704,52645.373.00$13,598
Jul 201704,34943.873.09$13,427
Jun 201704,11642.493.09$12,707
May 201704,22945.373.26$13,801
Apr 201703,62947.933.21$11,655
Mar 201704,17446.772.98$12,454
Feb 201704,06150.452.95$11,991
Jan 201704,04949.413.42$13,843
Dec 201603,61448.763.72$13,454
Nov 201603,22442.492.64$8,525
Oct 201604,08146.193.09$12,611
Sep 201604,24341.553.10$13,156
Aug 201603,74041.442.92$10,937
Jul 201604,38041.622.92$12,809
Jun 201604,39245.352.69$11,796
May 201604,39842.521.99$8,757
Apr 201604,88436.561.99$9,724
Mar 201605,68133.011.79$10,192
Feb 201604,90026.472.06$10,112
Jan 201603,44527.352.36$8,145
Dec 201503,77032.362.00$7,545
Nov 201503,95638.792.17$8,574
Oct 201504,10943.552.43$9,971
Sep 201514,50042.992.76$12,456
Aug 201504,59540.162.87$13,199
Jul 201505,42648.152.95$15,980
Jun 201506,23056.152.88$17,960
May 201506,15455.212.96$18,188
Apr 201506,99049.822.71$18,919
Mar 201508,64242.892.93$25,362
Feb 201502,94844.662.98$8,774
Jan 201504,14943.433.10$12,865
Dec 201404,24254.693.59$15,235
Nov 201403,88970.464.25$16,535
Oct 201404,26578.303.90$16,638
Sep 201404,25286.164.05$17,201
Aug 201404,23489.394.04$17,085
Jul 201404,13896.564.18$17,295
Jun 20141634,04798.164.74$35,170
May 201404,39094.734.73$20,750
Apr 201404,16195.944.81$20,011
Mar 201404,68195.895.06$23,671
Feb 201404,53697.406.19$28,087
Jan 201405,34790.404.86$25,990
Dec 201305,90291.824.35$25,700
Nov 201305,98188.853.74$22,359
Oct 201306,14997.423.78$23,239
Sep 201305,892104.113.72$21,905
Aug 201306,423104.253.52$22,626
Jul 201306,691102.523.72$24,875
Jun 201306,35494.403.93$24,993
May 201305,60394.834.15$23,247
Apr 201306,17093.964.28$26,424
Mar 201306,10893.623.91$23,900
Feb 201306,13091.233.42$20,964
Jan 201306,77591.603.42$23,170
Dec 201206,66186.773.42$22,782
Nov 201206,82686.953.62$24,744
Oct 201206,76889.383.40$23,009
Sep 201206,58794.672.92$19,224
Aug 201207,03092.662.91$20,444
Jul 201207,12885.133.02$21,532
Jun 201206,49079.822.52$16,349
May 201207,11191.612.49$17,694
Apr 201207,295101.652.00$14,567
Mar 201207,659105.052.22$17,019
Feb 201206,956101.102.57$17,879
Jan 201207,64898.092.73$20,910
Dec 201107,47196.873.24$24,204
Nov 201107,08095.723.31$23,444
Oct 201107,86984.983.65$28,710
Sep 201107,69883.623.99$30,683
Aug 201107,94483.404.15$32,962
Jul 201108,17594.144.52$36,928
Jun 201107,92692.904.64$36,776
May 201108,06498.134.40$35,520
Apr 201108,144105.964.33$35,290
Mar 201118,50996.364.06$34,620
Feb 201107,35585.644.18$30,744
Jan 201108,56686.504.59$39,307
Dec 201008,64685.734.35$37,591
Nov 201008,47680.843.80$32,169
Oct 201008,62778.103.51$30,271
Sep 201009,16672.633.98$36,476
Aug 201038,05073.684.42$35,797
Jul 201009,22572.554.74$43,694
Jun 201019,54970.364.91$46,960
May 2010010,21671.124.24$43,267
Apr 201009,83481.694.12$40,543
Mar 201029,57978.394.39$42,196
Feb 201047,86973.585.44$43,120
Jan 201009,44374.365.96$56,319
Dec 200909,84571.445.48$53,988
Nov 200909,94574.593.75$37,309
Oct 2009010,61672.544.11$43,634
Sep 2009010,38365.543.06$31,821
Aug 2009011,11167.423.22$35,761
Jul 2009111,07161.133.46$38,417
Jun 2009010,77666.163.90$41,973
May 2009011,51254.743.93$45,193
Apr 20091211,29946.773.59$41,096
Mar 2009011,79842.144.06$47,888
Feb 2009411,06732.814.63$51,405
Jan 20091211,59235.865.37$62,691
Dec 2008112,16037.105.98$72,719
Nov 2008612,39855.496.86$85,388
Oct 2008613,53675.246.92$94,147
Sep 2008413,376101.767.88$105,771
Aug 2008713,730114.228.48$117,271
Jul 2008414,094131.0811.39$161,047
Jun 2008814,315131.3313.03$187,613
May 2008415,025123.1711.57$174,396
Apr 2008315,112110.3110.45$158,325
Mar 2008910,444101.909.66$101,849
Feb 2008714,93192.538.77$131,601
Jan 2008017,85890.388.21$146,538
Dec 2007019,32688.337.30$141,118
Nov 2007020,78491.677.29$151,551
Oct 2007023,01282.856.92$159,289
Sep 2007026,08475.846.24$162,873
Aug 2007018,01069.066.39$115,047
Jul 2007019,37270.906.39$123,747
Jun 2007122,76662.007.55$171,910
May 2007026,34658.747.85$206,718
Apr 2007723,35459.617.81$182,700
Mar 2007423,31556.927.30$170,473
Feb 2007632,16255.108.22$264,574
Jan 20072015,79750.306.73$107,270

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             2 bbl  × $106.41 =       $213
Gas                2,797 Mcf  × $  3.05 =     $8,519

────────────────────────────────────────────────────
Month total                                   $8,732

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/228513 is the state's own key, not one this site invented.