REED, HUGH "A"

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 228516District 05Field 88576304Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.5 M
Feb 2007 – May 2026
Value, last 12 filed months
$32 k
at the published price for each month
Months reported
232
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 Gas112007-08-06175258
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
CondensateDisposition288 bbl$24,842
GasProduction655,664 Mcf$3,465,485
Total$3,490,327

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 31.7606, -96.1578. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.76063, -96.15782 · 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
12,575 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 12,575 ft.

Completions filed
Feb 2007
1 of 1 wells

1 well

42-16133659312,575 ftFeb 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 (232)

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

232 months

May 202602,293106.413.05$6,984
Apr 202602,28498.932.87$6,554
Mar 202602,07489.753.15$6,532
Feb 2026054763.503.75$2,051
Jan 2026025359.138.00$2,023
Dec 2025033056.664.41$1,456
Nov 2025037858.593.93$1,484
Oct 2025058259.383.30$1,923
Sep 2025033262.743.08$1,022
Aug 2025021563.933.01$648
Jul 2025022866.743.32$756
Jun 2025024266.483.13$757
May 2025035760.553.23$1,154
Apr 2025021762.363.54$769
Mar 2025038167.704.27$1,626
Feb 2025034070.884.34$1,476
Jan 2025034174.324.28$1,459
Dec 2024038068.993.12$1,186
Nov 2024040169.052.20$882
Oct 2024041271.372.28$940
Sep 2024027169.612.36$641
Aug 2024050275.632.06$1,036
Jul 2024063879.932.15$1,370
Jun 2024065378.082.63$1,720
May 2024068278.812.20$1,499
Apr 2024064584.451.66$1,070
Mar 2024068580.301.55$1,058
Feb 2024089076.091.78$1,587
Jan 202431,03073.023.30$3,616
Dec 202301,63271.262.61$4,261
Nov 202301,97977.892.81$5,556
Oct 202301,83485.443.09$5,662
Sep 202302,22189.042.74$6,075
Aug 202302,41780.522.67$6,460
Jul 202302,33174.852.64$6,158
Jun 202301,55868.962.26$3,519
May 202301,11870.622.23$2,490
Apr 202301,37978.122.24$3,086
Mar 202301,37172.852.39$3,281
Feb 202301,26675.112.47$3,122
Jan 202301,47476.533.39$4,994
Dec 2022099876.415.73$5,718
Nov 202201,15385.005.65$6,510
Oct 202201,55487.185.86$9,112
Sep 2022086084.888.16$7,021
Aug 202202,41994.529.13$22,079
Jul 202202,674101.587.54$20,168
Jun 202202,027115.097.98$16,170
May 202201,491109.378.43$12,574
Apr 202201,829104.226.84$12,506
Mar 202201,512108.885.08$7,676
Feb 202201,37591.054.86$6,681
Jan 202201,78981.844.54$8,118
Dec 202101,60871.323.90$6,270
Nov 202101,34177.435.24$7,023
Oct 202101,53979.795.71$8,794
Sep 202101,89569.865.35$10,140
Aug 202102,56866.024.22$10,838
Jul 202102,53470.783.98$10,091
Jun 202102,69669.493.38$9,114
May 202102,44663.483.02$7,381
Apr 2021091560.362.76$2,524
Mar 202101,04561.302.72$2,839
Feb 2021091457.805.55$5,071
Jan 202101,29750.412.81$3,645
Dec 2020038544.642.68$1,030
Nov 2020054038.772.71$1,462
Oct 2020057636.972.48$1,428
Sep 2020020237.091.99$402
Aug 2020075339.982.39$1,796
Jul 202001,18238.371.83$2,157
Jun 202001,23834.901.69$2,093
May 202001,29916.921.81$2,357
Apr 202001,52214.751.80$2,746
Mar 202001,44730.341.86$2,686
Feb 202001,10049.881.98$2,179
Jan 202001,67557.252.09$3,509
Dec 201901,59459.012.30$3,673
Nov 201901,26255.302.75$3,471
Oct 201901,76253.472.42$4,261
Sep 201901,46955.052.66$3,904
Aug 201901,52153.112.30$3,505
Jul 201901,57756.272.46$3,880
Jun 201901,37552.782.49$3,425
May 201901,45758.482.74$3,993
Apr 201901,60662.632.75$4,418
Mar 201901,68856.803.06$5,169
Feb 201901,19450.852.79$3,334
Jan 201901,81846.033.23$5,869
Dec 201801,97746.594.19$8,275
Nov 201802,29852.934.24$9,737
Oct 201803,03661.443.40$10,317
Sep 201802,60659.543.11$8,099
Aug 2018090759.403.07$2,781
Jul 201801,06565.142.93$3,122
Jun 2018055060.183.08$1,692
May 2018073765.382.90$2,138
Apr 2018089563.842.90$2,596
Mar 2018081561.222.79$2,271
Feb 2018093261.782.77$2,578
Jan 201801,12362.874.01$4,502
Dec 201701,47357.272.92$4,303
Nov 201701,72455.423.12$5,376
Oct 201701,61849.292.98$4,828
Sep 201701,64847.523.09$5,088
Aug 201701,74845.373.00$5,252
Jul 2017096243.873.09$2,970
Jun 201701,53042.493.09$4,724
May 201701,89545.373.26$6,184
Apr 201701,59647.933.21$5,126
Mar 201701,91246.772.98$5,705
Feb 201701,02550.452.95$3,026
Jan 2017083849.413.42$2,865
Dec 201601,66948.763.72$6,213
Nov 201602,13442.492.64$5,643
Oct 201602,54846.193.09$7,874
Sep 201602,87241.553.10$8,905
Aug 201602,27541.442.92$6,653
Jul 2016044441.622.92$1,298
Jun 201601,11845.352.69$3,003
May 201601,27842.521.99$2,545
Apr 201601,97236.561.99$3,926
Mar 201602,24133.011.79$4,020
Feb 201601,77926.472.06$3,671
Jan 201602,84527.352.36$6,727
Dec 201503,03332.362.00$6,070
Nov 201503,47538.792.17$7,531
Oct 201503,51543.552.43$8,529
Sep 201511,91442.992.76$5,323
Aug 201501,51240.162.87$4,343
Jul 201501,37748.152.95$4,055
Jun 201501,14456.152.88$3,298
May 201501,69655.212.96$5,012
Apr 201501,27649.822.71$3,454
Mar 201501,41942.892.93$4,164
Feb 201501,08744.662.98$3,235
Jan 201501,29943.433.10$4,028
Dec 201401,54254.693.59$5,538
Nov 201401,22570.464.25$5,209
Oct 201401,57878.303.90$6,156
Sep 201401,57286.164.05$6,359
Aug 201401,49989.394.04$6,049
Jul 201401,59596.564.18$6,666
Jun 201401,04698.164.74$4,955
May 201401,32494.734.73$6,258
Apr 201401,64395.944.81$7,901
Mar 201402,03095.895.06$10,265
Feb 201401,41397.406.19$8,749
Jan 201402,02190.404.86$9,824
Dec 201301,50791.824.35$6,562
Nov 201301,66088.853.74$6,206
Oct 201301,69397.423.78$6,398
Sep 20130927104.113.72$3,446
Aug 201301,251104.253.52$4,407
Jul 201301,737102.523.72$6,458
Jun 201301,57194.403.93$6,179
May 201301,53194.834.15$6,352
Apr 201301,38193.964.28$5,914
Mar 2013094293.623.91$3,686
Feb 20131581,70191.233.42$20,232
Jan 201301,76191.603.42$6,022
Dec 201202,15386.773.42$7,364
Nov 201202,28786.953.62$8,290
Oct 201202,08989.383.40$7,102
Sep 201202,97394.672.92$8,676
Aug 201203,24292.662.91$9,428
Jul 201204,04985.133.02$12,231
Jun 201204,53779.822.52$11,429
May 201202,41891.612.49$6,017
Apr 201201,845101.652.00$3,684
Mar 201202,000105.052.22$4,444
Feb 201202,043101.102.57$5,251
Jan 201202,16998.092.73$5,930
Dec 201101,70696.873.24$5,527
Nov 201102,26095.723.31$7,483
Oct 201102,94984.983.65$10,760
Sep 201113,71183.623.99$14,875
Aug 201104,56583.404.15$18,942
Jul 201106,11294.144.52$27,609
Jun 201102,13492.904.64$9,902
May 201102,33398.134.40$10,276
Apr 201102,461105.964.33$10,664
Mar 201112,81596.364.06$11,518
Feb 201103,15285.644.18$13,175
Jan 201103,63686.504.59$16,685
Dec 201004,32485.734.35$18,800
Nov 201004,76780.843.80$18,092
Oct 201004,44078.103.51$15,579
Sep 201002,63372.633.98$10,478
Aug 201063,09873.684.42$14,133
Jul 201013,20372.554.74$15,244
Jun 201014,10170.364.91$20,208
May 201004,09971.124.24$17,360
Apr 201003,25981.694.12$13,436
Mar 201024,41978.394.39$19,550
Feb 201003,90573.585.44$21,252
Jan 201005,39774.365.96$32,188
Dec 200904,87971.445.48$26,755
Nov 200904,90274.593.75$18,390
Oct 200905,24272.544.11$21,546
Sep 200905,37265.543.06$16,464
Aug 200906,15067.423.22$19,794
Jul 200914,17061.133.46$14,508
Jun 200903,75166.163.90$14,610
May 200904,56154.743.93$17,905
Apr 200905,25646.773.59$18,856
Mar 2009105,47442.144.06$22,640
Feb 200915,30532.814.63$24,611
Jan 200915,85835.865.37$31,499
Dec 200816,01037.105.98$35,960
Nov 200805,85555.496.86$40,167
Oct 200805,79675.246.92$40,120
Sep 200825,997101.767.88$47,442
Aug 200846,158114.228.48$52,695
Jul 200826,165131.0811.39$70,478
Jun 200846,711131.3313.03$87,987
May 200867,969123.1711.57$92,975
Apr 200838,007110.3110.45$84,043
Mar 200857,741101.909.66$75,319
Feb 200867,10692.538.77$62,879
Jan 200888,26490.388.21$68,535
Dec 200799,42188.337.30$69,587
Nov 2007810,90891.677.29$80,271
Oct 2007812,59682.856.92$87,852
Sep 2007213,94375.846.24$87,214
Aug 2007914,67869.066.39$94,384
Jul 2007115,32470.906.39$97,960
Jun 2007016,67562.007.55$125,870
May 2007022,48058.747.85$176,384
Apr 2007428,24559.617.81$220,696
Mar 20071624,08256.927.30$176,757
Feb 2007346355.108.22$3,969

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                2,293 Mcf  × $  3.05 =     $6,984

────────────────────────────────────────────────────
Month total                                   $6,984

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/228516 is the state's own key, not one this site invented.