REED GAS UNIT II

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

Gas lease lease 229527District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.0 M
May 2007 – May 2026
Value, last 12 filed months
$167 k
at the published price for each month
Months reported
229
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 478 leases and 478 wells, and the rule below applies to all of them.

Discovered
1977-03-17
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 2010-11-30.

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: PRORATION PURPOSES.

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 Gas112007-10-01178021
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
CondensateDisposition337 bbl$23,233
GasProduction2,152,743 Mcf$10,960,857
Total$10,984,090

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 31.4537, -96.2901. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45370, -96.29009 · 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
13,913 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 13,913 ft.

Completions filed
May 2007
1 of 1 wells

1 well

42-29331787713,913 ftMay 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 (229)

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

229 months

May 202603,922106.413.05$11,946
Apr 202603,80198.932.87$10,908
Mar 202603,92589.753.15$12,362
Feb 202603,42163.503.75$12,830
Jan 202603,66959.138.00$29,344
Dec 202503,77356.664.41$16,652
Nov 202503,65358.593.93$14,343
Oct 202513,71759.383.30$12,343
Sep 202503,60462.743.08$11,089
Aug 202503,75463.933.01$11,317
Jul 202503,80866.743.32$12,624
Jun 202503,66766.483.13$11,473
May 202503,77560.553.23$12,202
Apr 202503,62662.363.54$12,847
Mar 202503,74167.704.27$15,968
Feb 202503,21170.884.34$13,938
Jan 202503,70874.324.28$15,865
Dec 202413,81268.993.12$11,968
Nov 202403,92069.052.20$8,618
Oct 202404,60071.372.28$10,494
Sep 202404,85169.612.36$11,470
Aug 202404,75475.632.06$9,811
Jul 202415,01779.932.15$10,849
Jun 2024143,18578.082.63$9,482
May 202401,26178.812.20$2,772
Apr 202401,53684.451.66$2,549
Mar 202401,63180.301.55$2,520
Feb 202402,12876.091.78$3,796
Jan 202402,14773.023.30$7,080
Dec 202302,60771.262.61$6,806
Nov 202302,24877.892.81$6,311
Oct 202301,85385.443.09$5,721
Sep 202302,33389.042.74$6,381
Aug 202302,61180.522.67$6,979
Jul 202303,18574.852.64$8,414
Jun 202302,85268.962.26$6,441
May 202303,70170.622.23$8,244
Apr 202303,08778.122.24$6,908
Mar 202305,79672.852.39$13,871
Feb 202301,98175.112.47$4,885
Jan 202304,09376.533.39$13,866
Dec 202203,51076.415.73$20,109
Nov 202204,94385.005.65$27,909
Oct 202203,97787.185.86$23,320
Sep 202205,10784.888.16$41,692
Aug 202204,89894.529.13$44,705
Jul 202205,013101.587.54$37,808
Jun 202203,442115.097.98$27,458
May 202206,271109.378.43$52,884
Apr 202206,296104.226.84$43,050
Mar 202206,262108.885.08$31,788
Feb 202206,50391.054.86$31,597
Jan 202207,54481.844.54$34,232
Dec 202107,53371.323.90$29,372
Nov 202106,35077.435.24$33,254
Oct 2021042779.795.71$2,440
Sep 2021051769.865.35$2,766
Aug 2021057766.024.22$2,435
Jul 202101,15170.783.98$4,583
Jun 202101,64069.493.38$5,544
May 2021010,00363.483.02$30,186
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 202101,59550.412.81$4,482
Dec 202008,68844.642.68$23,244
Nov 202002,20438.772.71$5,965
Oct 202004,01236.972.48$9,943
Sep 202002,97637.091.99$5,925
Aug 202005,56439.982.39$13,271
Jul 202005,65138.371.83$10,314
Jun 202002,80834.901.69$4,746
May 202007,12016.921.81$12,921
Apr 202004,40114.751.80$7,941
Mar 202007,29330.341.86$13,537
Feb 202002,98049.881.98$5,902
Jan 202004,09357.252.09$8,574
Dec 201906,16659.012.30$14,209
Nov 201906,02755.302.75$16,578
Oct 201905,62053.472.42$13,592
Sep 201905,22955.052.66$13,895
Aug 201905,55853.112.30$12,808
Jul 201904,62256.272.46$11,370
Jun 201904,39952.782.49$10,959
May 201905,56858.482.74$15,258
Apr 201904,63862.632.75$12,758
Mar 201902,06456.803.06$6,320
Feb 201904350.852.79$120
Jan 201901,68446.033.23$5,436
Dec 201804,12646.594.19$17,269
Nov 201802,87352.934.24$12,174
Oct 201804,59361.443.40$15,607
Sep 201806,81359.543.11$21,175
Aug 201805,18659.403.07$15,903
Jul 201804,60365.142.93$13,495
Jun 201803,30260.183.08$10,160
May 201803,19765.382.90$9,274
Apr 201806,32763.842.90$18,353
Mar 201804,42961.222.79$12,343
Feb 201803,33661.782.77$9,228
Jan 201806,65662.874.01$26,686
Dec 201704,79757.272.92$14,015
Nov 201708,26855.423.12$25,783
Oct 201704,39449.292.98$13,110
Sep 201705,31847.523.09$16,418
Aug 201705,72845.373.00$17,209
Jul 201704,97843.873.09$15,368
Jun 201706,10042.493.09$18,832
May 201704,40845.373.26$14,385
Apr 201706,21347.933.21$19,954
Mar 201709,26546.772.98$27,644
Feb 201708,64650.452.95$25,528
Jan 201703,13349.413.42$10,711
Dec 201603,87348.763.72$14,419
Nov 201604,65442.492.64$12,307
Oct 201602,99446.193.09$9,252
Sep 201606,63441.553.10$20,570
Aug 201608,06341.442.92$23,579
Jul 201603,31941.622.92$9,706
Jun 201605,27545.352.69$14,168
May 201604,84342.521.99$9,643
Apr 201604,38936.561.99$8,739
Mar 201607,45033.011.79$13,365
Feb 201607,75626.472.06$16,006
Jan 201608,03727.352.36$19,002
Dec 201509,19632.362.00$18,405
Nov 201507,94838.792.17$17,226
Oct 2015958,04143.552.43$23,649
Sep 201509,10342.992.76$25,110
Aug 201509,86040.162.87$28,323
Jul 2015011,26948.152.95$33,188
Jun 201502,83956.152.88$8,184
May 201506,31755.212.96$18,670
Apr 201505,52049.822.71$14,940
Mar 201506,16542.892.93$18,092
Feb 201507,96044.662.98$23,690
Jan 201507,13143.433.10$22,111
Dec 201404,95454.693.59$17,792
Nov 201404,48270.464.25$19,057
Oct 201409,67478.303.90$37,738
Sep 2014010,22386.164.05$41,357
Aug 201405,51989.394.04$22,270
Jul 201404,89496.564.18$20,455
Jun 2014010,05098.164.74$47,606
May 2014010,84494.734.73$51,255
Apr 2014011,81495.944.81$56,815
Mar 201403,19695.895.06$16,162
Feb 201406,10197.406.19$37,777
Jan 201409,28290.404.86$45,117
Dec 201309,15691.824.35$39,870
Nov 201309,46488.853.74$35,379
Oct 2013010,46097.423.78$39,532
Sep 201306,461104.113.72$24,020
Aug 201309,294104.253.52$32,739
Jul 201308,444102.523.72$31,393
Jun 201304,15394.403.93$16,335
May 2013010,11994.834.15$41,985
Apr 201307,37293.964.28$31,571
Mar 201306,35193.623.91$24,851
Feb 201305,90991.233.42$20,208
Jan 201306,65991.603.42$22,773
Dec 201208,67686.773.42$29,673
Nov 2012012,62286.953.62$45,754
Oct 2012014,00189.383.40$47,599
Sep 201209,48194.672.92$27,669
Aug 201209,10392.662.91$26,473
Jul 2012010,27885.133.02$31,048
Jun 2012011,74179.822.52$29,576
May 201208,08191.612.49$20,108
Apr 2012011,727101.652.00$23,416
Mar 201208,239105.052.22$18,308
Feb 2012011,614101.102.57$29,851
Jan 2012011,94698.092.73$32,661
Dec 201109,66496.873.24$31,309
Nov 201107,92295.723.31$26,232
Oct 2011013,62284.983.65$49,700
Sep 2011013,45183.623.99$53,613
Aug 2011014,65583.404.15$60,808
Jul 2011013,08094.144.52$59,086
Jun 2011010,52792.904.64$48,844
May 201111,91898.134.40$8,547
Apr 2011010,808105.964.33$46,834
Mar 2011014,72496.364.06$59,740
Feb 201107,31585.644.18$30,577
Jan 2011015,35186.504.59$70,442
Dec 2010015,68985.734.35$68,212
Nov 2010012,95980.843.80$49,184
Oct 2010013,32978.103.51$46,770
Sep 2010014,65072.633.98$58,299
Aug 2010015,33073.684.42$67,749
Jul 2010011,99572.554.74$56,814
Jun 201009,84270.364.91$48,328
May 2010018,15871.124.24$76,903
Apr 2010011,65981.694.12$48,066
Mar 2010013,95278.394.39$61,231
Feb 2010410,57873.585.44$57,864
Jan 2010312,73674.365.96$76,182
Dec 2009012,27571.445.48$67,313
Nov 2009018,75174.593.75$70,344
Oct 2009015,56572.544.11$63,976
Sep 2009014,50465.543.06$44,451
Aug 2009017,07667.423.22$54,959
Jul 2009019,20661.133.46$66,539
Jun 2009015,52266.163.90$60,458
May 2009018,00954.743.93$70,699
Apr 20091626,80046.773.59$96,893
Mar 20091622,42242.144.06$91,685
Feb 2009818,52032.814.63$86,066
Jan 20091221,18235.865.37$114,199
Dec 2008022,61037.105.98$135,143
Nov 2008020,69955.496.86$142,003
Oct 2008023,06875.246.92$159,676
Sep 20081325,963101.767.88$205,836
Aug 2008223,572114.228.48$200,190
Jul 2008827,388131.0811.39$312,982
Jun 2008923,845131.3313.03$311,945
May 2008732,303123.1711.57$374,746
Apr 2008932,140110.3110.45$337,012
Mar 20081134,231101.909.66$331,932
Feb 20081138,65892.538.77$340,071
Jan 20082046,88590.388.21$386,533
Dec 20071542,87888.337.30$314,419
Nov 2007626,81191.677.29$196,048
Oct 2007333,73182.856.92$233,734
Sep 2007238,70075.846.24$241,801
Aug 2007150,60769.066.39$323,344
Jul 20071862,79670.906.39$402,413
Jun 20073069,07462.007.55$523,262
May 2007024,39858.747.85$191,434

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                3,922 Mcf  × $  3.05 =    $11,946

────────────────────────────────────────────────────
Month total                                  $11,946

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/229527 is the state's own key, not one this site invented.