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 229893District 05Field 30321300Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.5 M
Jun 2007 – May 2026
Value, last 12 filed months
$126 k
at the published price for each month
Months reported
228
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 Gas112007-10-19175897
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
CondensateDisposition714 bbl$61,677
GasProduction2,589,785 Mcf$12,483,847
Total$12,545,524

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 31.4575, -96.2897. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45751, -96.28975 · 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
13,900 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 13,900 ft.

Completions filed
Jun 2007
1 of 1 wells

1 well

42-29331786413,900 ftJun 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 (228)

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

228 months

May 202602,851106.413.05$8,684
Apr 202603,23698.932.87$9,286
Mar 202602,85089.753.15$8,976
Feb 202603,24963.503.75$12,185
Jan 202601,67059.138.00$13,357
Dec 202504,69256.664.41$20,707
Nov 202501,73858.593.93$6,824
Oct 202502,85859.383.30$9,445
Sep 202502,58762.743.08$7,960
Aug 202502,14263.933.01$6,458
Jul 202502,73466.743.32$9,064
Jun 202504,20866.483.13$13,166
May 202513,89960.553.23$12,663
Apr 202533,46462.363.54$12,460
Mar 202512,03567.704.27$8,754
Feb 202501,81170.884.34$7,861
Jan 202513,53874.324.28$15,212
Dec 202442,68168.993.12$8,644
Nov 202402,70669.052.20$5,949
Oct 202434,01971.372.28$9,383
Sep 202423,07969.612.36$7,419
Aug 202403,74375.632.06$7,724
Jul 202433,70379.932.15$8,189
Jun 202473,41678.082.63$9,544
May 202432,50378.812.20$5,739
Apr 202452,36084.451.66$4,338
Mar 202403,31880.301.55$5,127
Feb 202402,49976.091.78$4,457
Jan 202422,87273.023.30$9,617
Dec 202302,41271.262.61$6,297
Nov 202301,95877.892.81$5,497
Oct 202302,36885.443.09$7,311
Sep 202302,15789.042.74$5,899
Aug 202302,13180.522.67$5,696
Jul 202302,05874.852.64$5,437
Jun 202302,01168.962.26$4,542
May 202302,03470.622.23$4,531
Apr 202302,04278.122.24$4,570
Mar 202302,33972.852.39$5,598
Feb 202302,12875.112.47$5,247
Jan 202302,63876.533.39$8,937
Dec 202203,57276.415.73$20,464
Nov 202203,48885.005.65$19,694
Oct 202202,99987.185.86$17,585
Sep 202206,41284.888.16$52,346
Aug 202204,32794.529.13$39,493
Jul 202203,613101.587.54$27,250
Jun 202207,113115.097.98$56,742
May 202205,602109.378.43$47,242
Apr 202205,501104.226.84$37,614
Mar 202205,952108.885.08$30,215
Feb 202205,05591.054.86$24,561
Jan 202204,91881.844.54$22,316
Dec 202105,38871.323.90$21,008
Nov 202106,17677.435.24$32,343
Oct 202106,59079.795.71$37,654
Sep 202105,07569.865.35$27,156
Aug 202105,98466.024.22$25,256
Jul 202105,95570.783.98$23,713
Jun 202107,07669.493.38$23,921
May 202106,50763.483.02$19,636
Apr 202107,17260.362.76$19,783
Mar 202106,84861.302.72$18,606
Feb 202105,41157.805.55$30,020
Jan 202107,43250.412.81$20,886
Dec 202007,78544.642.68$20,828
Nov 202007,71638.772.71$20,884
Oct 202006,70536.972.48$16,618
Sep 202007,28637.091.99$14,507
Aug 202006,98739.982.39$16,665
Jul 202004,43338.371.83$8,091
Jun 202007,49134.901.69$12,662
May 202008,11016.921.81$14,718
Apr 202006,43914.751.80$11,618
Mar 202007,28930.341.86$13,530
Feb 202004,59749.881.98$9,105
Jan 202005,00057.252.09$10,474
Dec 201905,49659.012.30$12,665
Nov 201906,75255.302.75$18,573
Oct 201907,74253.472.42$18,724
Sep 2019606,57055.052.66$20,761
Aug 201906,62753.112.30$15,271
Jul 201907,57456.272.46$18,632
Jun 201906,68352.782.49$16,649
May 201906,95158.482.74$19,048
Apr 201906,79662.632.75$18,694
Mar 201907,02956.803.06$21,524
Feb 201904,80750.852.79$13,422
Jan 201907,71746.033.23$24,912
Dec 201807,20946.594.19$30,173
Nov 201806,74052.934.24$28,559
Oct 201807,76661.443.40$26,389
Sep 201806,55859.543.11$20,382
Aug 201807,00459.403.07$21,478
Jul 201808,61265.142.93$25,249
Jun 201808,72660.183.08$26,849
May 201807,54365.382.90$21,881
Apr 201807,12763.842.90$20,674
Mar 201809,27861.222.79$25,856
Feb 201806,73761.782.77$18,635
Jan 201809,58762.874.01$38,437
Dec 201707,14557.272.92$20,874
Nov 201707,66755.423.12$23,908
Oct 201709,83449.292.98$29,342
Sep 201708,75547.523.09$27,029
Aug 201709,44145.373.00$28,365
Jul 201708,69443.873.09$26,841
Jun 201709,35642.493.09$28,885
May 201709,19545.373.26$30,007
Apr 2017010,94247.933.21$35,141
Mar 2017012,41946.772.98$37,054
Feb 2017012,61050.452.95$37,232
Jan 201704,32849.413.42$14,797
Dec 201603,36648.763.72$12,531
Nov 2016011,60142.492.64$30,677
Oct 201602,79346.193.09$8,631
Sep 201603,30741.553.10$10,254
Aug 201608,82741.442.92$25,813
Jul 201603,66641.622.92$10,721
Jun 201606,65745.352.69$17,880
May 201605,65842.521.99$11,265
Apr 201608,03936.561.99$16,006
Mar 201606,95933.011.79$12,485
Feb 201607,07726.472.06$14,604
Jan 2016011,58627.352.36$27,393
Dec 201506,73732.362.00$13,484
Nov 201503,32738.792.17$7,211
Oct 201507,15443.552.43$17,360
Sep 201503,85542.992.76$10,634
Aug 201506,79440.162.87$19,516
Jul 2015011,46148.152.95$33,754
Jun 201505,91656.152.88$17,055
May 201507,82355.212.96$23,120
Apr 201505,39449.822.71$14,599
Mar 201506,33442.892.93$18,588
Feb 201506,81444.662.98$20,280
Jan 201507,26743.433.10$22,532
Dec 201408,28254.693.59$29,744
Nov 201408,08870.464.25$34,389
Oct 201409,80678.303.90$38,253
Sep 201407,71386.164.05$31,202
Aug 2014010,03089.394.04$40,472
Jul 2014010,90696.564.18$45,583
Jun 2014010,00698.164.74$47,397
May 201409,66294.734.73$45,668
Apr 201408,18595.944.81$39,363
Mar 2014012,05495.895.06$60,955
Feb 201405,12797.406.19$31,746
Jan 2014011,68390.404.86$56,788
Dec 2013011,13891.824.35$48,500
Nov 201307,49288.853.74$28,007
Oct 2013011,24697.423.78$42,503
Sep 2013010,944104.113.72$40,687
Aug 201307,429104.253.52$26,169
Jul 201307,829102.523.72$29,106
Jun 201307,89094.403.93$31,035
May 2013010,71394.834.15$44,449
Apr 2013011,28693.964.28$48,333
Mar 201309,20393.623.91$36,010
Feb 2013011,17191.233.42$38,204
Jan 2013012,92791.603.42$44,209
Dec 2012014,43886.773.42$49,380
Nov 2012014,89586.953.62$53,994
Oct 201208,69089.383.40$29,543
Sep 2012010,68894.672.92$31,192
Aug 2012013,18592.662.91$38,344
Jul 2012014,67285.133.02$44,321
Jun 2012014,42779.822.52$36,342
May 2012015,00891.612.49$37,345
Apr 2012011,307101.652.00$22,578
Mar 2012011,263105.052.22$25,027
Feb 2012013,676101.102.57$35,151
Jan 2012014,76998.092.73$40,380
Dec 2011015,22396.873.24$49,319
Nov 2011015,17795.723.31$50,255
Oct 2011014,44684.983.65$52,707
Sep 2011014,49083.623.99$57,754
Aug 2011013,31883.404.15$55,261
Jul 2011014,10494.144.52$63,711
Jun 2011015,87992.904.64$73,677
May 2011016,68398.134.40$73,486
Apr 2011016,587105.964.33$71,876
Mar 2011017,42196.364.06$70,683
Feb 2011013,91285.644.18$58,152
Jan 2011016,14386.504.59$74,077
Dec 2010018,65885.734.35$81,120
Nov 2010018,40580.843.80$69,853
Oct 2010019,07078.103.51$66,915
Sep 2010019,42572.633.98$77,301
Aug 2010017,78573.684.42$78,598
Jul 2010020,69872.554.74$98,036
Jun 2010020,85770.364.91$102,416
May 2010022,03571.124.24$93,323
Apr 2010022,57181.694.12$93,053
Mar 2010024,55878.394.39$107,777
Feb 2010419,14273.585.44$104,472
Jan 201018022,17374.365.96$145,627
Dec 2009025,23671.445.48$138,388
Nov 2009026,03674.593.75$97,674
Oct 2009027,84272.544.11$114,438
Sep 2009027,99765.543.06$85,804
Aug 2009028,96667.423.22$93,227
Jul 2009030,56761.133.46$105,899
Jun 2009030,96766.163.90$120,616
May 2009033,61454.743.93$131,960
Apr 20092221,71046.773.59$78,914
Mar 2009815,89442.144.06$64,851
Feb 2009615,78632.814.63$73,333
Jan 20091620,94435.865.37$113,064
Dec 2008016,27537.105.98$97,278
Nov 2008119,34855.496.86$132,790
Oct 2008119,26375.246.92$133,413
Sep 2008923,938101.767.88$189,478
Aug 20087923,746114.228.48$210,461
Jul 2008625,884131.0811.39$295,590
Jun 20081128,861131.3313.03$377,579
May 2008227,199123.1711.57$315,055
Apr 200816829,678110.3110.45$328,811
Mar 20081434,341101.909.66$333,300
Feb 20081136,20992.538.77$318,592
Jan 20081242,78890.388.21$352,191
Dec 2007847,60888.337.30$348,339
Nov 2007946,72491.677.29$341,522
Oct 20071466,39482.856.92$460,738
Sep 2007885,57575.846.24$534,951
Aug 2007375,39569.066.39$481,826
Jul 20071845,82070.906.39$293,972
Jun 200793,42262.007.55$26,389

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                2,851 Mcf  × $  3.05 =     $8,684

────────────────────────────────────────────────────
Month total                                   $8,684

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/229893 is the state's own key, not one this site invented.