REED "R" NO. 1 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 229420District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.5 M
Feb 2007 – May 2026
Value, last 12 filed months
$24 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 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 Gas112007-10-01178029
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
CondensateDisposition1 bbl$59
GasProduction667,413 Mcf$3,482,670
Total$3,482,729

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 31.4636, -96.3311. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.46359, -96.33114 · 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
12,980 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 12,980 ft.

Completions filed
Feb 2007
1 of 1 wells

1 well

42-293318031812,980 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 20260583106.413.05$1,776
Apr 2026056898.932.87$1,630
Mar 2026058189.753.15$1,830
Feb 2026054663.503.75$2,048
Jan 2026057159.138.00$4,567
Dec 2025057256.664.41$2,524
Nov 2025052758.593.93$2,069
Oct 2025151759.383.30$1,768
Sep 2025046062.743.08$1,415
Aug 2025050363.933.01$1,516
Jul 2025042266.743.32$1,399
Jun 2025039666.483.13$1,239
May 2025052060.553.23$1,681
Apr 2025049962.363.54$1,768
Mar 2025051767.704.27$2,207
Feb 2025044270.884.34$1,919
Jan 2025047174.324.28$2,015
Dec 2024044568.993.12$1,389
Nov 2024042869.052.20$941
Oct 2024044971.372.28$1,024
Sep 2024043169.612.36$1,019
Aug 2024048475.632.06$999
Jul 2024044279.932.15$949
Jun 2024045978.082.63$1,209
May 2024044278.812.20$972
Apr 2024039584.451.66$655
Mar 2024047580.301.55$734
Feb 2024039176.091.78$697
Jan 2024059773.023.30$1,969
Dec 2023037771.262.61$984
Nov 2023047877.892.81$1,342
Oct 2023050485.443.09$1,556
Sep 2023039989.042.74$1,091
Aug 2023044880.522.67$1,197
Jul 2023050674.852.64$1,337
Jun 2023051068.962.26$1,152
May 2023045670.622.23$1,016
Apr 2023045578.122.24$1,018
Mar 2023045372.852.39$1,084
Feb 2023040575.112.47$999
Jan 2023048576.533.39$1,643
Dec 2022050676.415.73$2,899
Nov 2022055985.005.65$3,156
Oct 2022051287.185.86$3,002
Sep 2022064184.888.16$5,233
Aug 2022066494.529.13$6,060
Jul 20220684101.587.54$5,159
Jun 20220615115.097.98$4,906
May 20220644109.378.43$5,431
Apr 20220636104.226.84$4,349
Mar 20220622108.885.08$3,158
Feb 2022058391.054.86$2,833
Jan 2022070981.844.54$3,217
Dec 2021071471.323.90$2,784
Nov 2021060077.435.24$3,142
Oct 2021075379.795.71$4,303
Sep 2021064569.865.35$3,451
Aug 2021069366.024.22$2,925
Jul 2021070770.783.98$2,815
Jun 2021071769.493.38$2,424
May 2021075563.483.02$2,278
Apr 2021073460.362.76$2,025
Mar 2021081861.302.72$2,222
Feb 202101,32857.805.55$7,368
Jan 2021061550.412.81$1,728
Dec 2020063244.642.68$1,691
Nov 2020066338.772.71$1,794
Oct 2020068336.972.48$1,693
Sep 2020068837.091.99$1,370
Aug 2020073039.982.39$1,741
Jul 2020070838.371.83$1,292
Jun 2020071934.901.69$1,215
May 2020072516.921.81$1,316
Apr 2020080914.751.80$1,460
Mar 2020076430.341.86$1,418
Feb 2020071749.881.98$1,420
Jan 2020075957.252.09$1,590
Dec 2019089759.012.30$2,067
Nov 2019069455.302.75$1,909
Oct 2019078753.472.42$1,903
Sep 2019074655.052.66$1,982
Aug 2019075853.112.30$1,747
Jul 2019091856.272.46$2,258
Jun 201901,00452.782.49$2,501
May 201901,01258.482.74$2,773
Apr 2019094262.632.75$2,591
Mar 2019094856.803.06$2,903
Feb 2019082050.852.79$2,290
Jan 2019075646.033.23$2,441
Dec 201801,13446.594.19$4,746
Nov 201801,15952.934.24$4,911
Oct 201801,14961.443.40$3,904
Sep 201801,10159.543.11$3,422
Aug 201801,17859.403.07$3,612
Jul 201801,16865.142.93$3,424
Jun 201801,33460.183.08$4,105
May 201801,37965.382.90$4,000
Apr 201801,10763.842.90$3,211
Mar 201801,30461.222.79$3,634
Feb 201801,33261.782.77$3,684
Jan 201801,43862.874.01$5,765
Dec 201702,12557.272.92$6,208
Nov 201701,36655.423.12$4,260
Oct 201702,27349.292.98$6,782
Sep 201701,61347.523.09$4,980
Aug 201702,14845.373.00$6,453
Jul 201702,04443.873.09$6,310
Jun 201702,01042.493.09$6,205
May 201702,08845.373.26$6,814
Apr 201702,06547.933.21$6,632
Mar 201702,08046.772.98$6,206
Feb 201702,00350.452.95$5,914
Jan 201702,17749.413.42$7,443
Dec 201602,14148.763.72$7,971
Nov 201602,14642.492.64$5,675
Oct 201602,21746.193.09$6,851
Sep 201602,16741.553.10$6,719
Aug 201602,07141.442.92$6,056
Jul 201602,18541.622.92$6,390
Jun 201602,23345.352.69$5,997
May 201602,16542.521.99$4,311
Apr 201602,24736.561.99$4,474
Mar 201602,39433.011.79$4,295
Feb 201602,18026.472.06$4,499
Jan 201602,40927.352.36$5,696
Dec 201502,43632.362.00$4,875
Nov 201502,36738.792.17$5,130
Oct 201502,71343.552.43$6,583
Sep 201502,37242.992.76$6,543
Aug 201502,56840.162.87$7,377
Jul 201502,52848.152.95$7,445
Jun 201502,37056.152.88$6,832
May 201502,46455.212.96$7,282
Apr 201502,38949.822.71$6,466
Mar 201502,51442.892.93$7,378
Feb 201502,34444.662.98$6,976
Jan 201502,62843.433.10$8,148
Dec 201402,63054.693.59$9,445
Nov 201402,63070.464.25$11,182
Oct 201402,76678.303.90$10,790
Sep 201402,35686.164.05$9,531
Aug 201402,73589.394.04$11,036
Jul 201402,75996.564.18$11,532
Jun 201402,70998.164.74$12,832
May 201402,80894.734.73$13,272
Apr 201402,79695.944.81$13,446
Mar 201402,96995.895.06$15,014
Feb 201402,77497.406.19$17,177
Jan 201402,49390.404.86$12,118
Dec 201302,61091.824.35$11,365
Nov 201302,76588.853.74$10,336
Oct 201302,92797.423.78$11,062
Sep 201302,841104.113.72$10,562
Aug 201303,097104.253.52$10,910
Jul 201303,041102.523.72$11,306
Jun 201302,89394.403.93$11,379
May 201303,03794.834.15$12,601
Apr 201303,08793.964.28$13,220
Mar 201303,22393.623.91$12,611
Feb 201303,12491.233.42$10,684
Jan 201302,92191.603.42$9,990
Dec 201203,01786.773.42$10,319
Nov 201203,16986.953.62$11,488
Oct 201203,37589.383.40$11,474
Sep 201203,24794.672.92$9,476
Aug 201203,45292.662.91$10,039
Jul 201203,36985.133.02$10,177
Jun 201203,37979.822.52$8,512
May 201203,55291.612.49$8,839
Apr 201203,517101.652.00$7,023
Mar 201203,654105.052.22$8,119
Feb 201203,462101.102.57$8,898
Jan 201203,72898.092.73$10,193
Dec 201103,78796.873.24$12,269
Nov 201103,39595.723.31$11,242
Oct 201103,74884.983.65$13,675
Sep 201103,67483.623.99$14,644
Aug 201103,86483.404.15$16,033
Jul 201103,92594.144.52$17,730
Jun 201103,69292.904.64$17,130
May 201104,00498.134.40$17,637
Apr 201103,789105.964.33$16,419
Mar 201103,83396.364.06$15,552
Feb 201103,50585.644.18$14,651
Jan 201104,21186.504.59$19,323
Dec 201004,22085.734.35$18,348
Nov 201004,19280.843.80$15,910
Oct 201004,01778.103.51$14,095
Sep 201004,06172.633.98$16,161
Aug 201004,35673.684.42$19,251
Jul 201004,42272.554.74$20,945
Jun 201004,49270.364.91$22,058
May 201004,65071.124.24$19,694
Apr 201004,57081.694.12$18,841
Mar 201004,81478.394.39$21,127
Feb 201004,40173.585.44$23,952
Jan 201004,87274.365.96$29,057
Dec 200904,69471.445.48$25,741
Nov 200904,88474.593.75$18,322
Oct 200905,13272.544.11$21,094
Sep 200905,08965.543.06$15,597
Aug 200905,31367.423.22$17,100
Jul 200905,39661.133.46$18,694
Jun 200905,34666.163.90$20,823
May 200905,65754.743.93$22,208
Apr 200905,55246.773.59$19,918
Mar 200905,92342.144.06$24,041
Feb 200905,49332.814.63$25,449
Jan 200906,31235.865.37$33,902
Dec 200806,53337.105.98$39,049
Nov 200806,41055.496.86$43,975
Oct 200806,95175.246.92$48,115
Sep 200806,890101.767.88$54,273
Aug 200807,173114.228.48$60,849
Jul 200807,331131.0811.39$83,496
Jun 200807,197131.3313.03$93,796
May 200807,799123.1711.57$90,268
Apr 200807,229110.3110.45$75,578
Mar 200807,989101.909.66$77,206
Feb 200808,66392.538.77$75,980
Jan 2008010,37990.388.21$85,167
Dec 2007010,66388.337.30$77,861
Nov 2007010,98091.677.29$80,063
Oct 2007010,93582.856.92$75,692
Sep 2007011,61975.846.24$72,551
Aug 2007013,70569.066.39$87,547
Jul 2007017,23670.906.39$110,103
Jun 2007026,18262.007.55$197,634
May 2007014,27058.747.85$111,966
Apr 200705,88359.617.81$45,918
Mar 2007031,91456.927.30$233,035
Feb 200701,32055.108.22$10,845

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                  583 Mcf  × $  3.05 =     $1,776

────────────────────────────────────────────────────
Month total                                   $1,776

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/229420 is the state's own key, not one this site invented.