REED "P" NO. 1 GAS 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 229927District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.7 M
Jun 2007 – May 2026
Value, last 12 filed months
$97 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 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 Gas112007-10-19175853
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
CondensateDisposition4,099 bbl$338,629
GasProduction1,241,505 Mcf$6,321,045
Total$6,659,674

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 31.4853, -96.2864. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.48529, -96.28643 · 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
13,250 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 13,250 ft.

Completions filed
Jun 2007
1 of 1 wells

1 well

42-293319321313,250 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 202661,407106.413.05$4,924
Apr 202621,93098.932.87$5,736
Mar 202602,15889.753.15$6,796
Feb 202601,69163.503.75$6,342
Jan 202621,97059.138.00$15,874
Dec 202522,34556.664.41$10,463
Nov 202522,26158.593.93$8,995
Oct 202512,33759.383.30$7,783
Sep 202512,36762.743.08$7,346
Aug 202512,40663.933.01$7,317
Jul 202512,48766.743.32$8,312
Jun 202512,34466.483.13$7,400
May 202542,56360.553.23$8,527
Apr 202532,42662.363.54$8,783
Mar 202522,51667.704.27$10,874
Feb 202502,25270.884.34$9,776
Jan 202502,62274.324.28$11,219
Dec 202402,53568.993.12$7,913
Nov 202402,56969.052.20$5,648
Oct 202402,86171.372.28$6,527
Sep 202482,82569.612.36$7,236
Aug 202452,47975.632.06$5,494
Jul 202452,88179.932.15$6,584
Jun 202433,31078.082.63$8,953
May 202494,49478.812.20$10,589
Apr 2024187,28084.451.66$13,599
Mar 202401,37680.301.55$2,126
Feb 2024018776.091.78$334
Jan 2024028373.023.30$933
Dec 2023034571.262.61$901
Nov 2023065077.892.81$1,825
Oct 2023049985.443.09$1,541
Sep 2023031589.042.74$862
Aug 2023032980.522.67$879
Jul 2023053574.852.64$1,413
Jun 2023049368.962.26$1,113
May 2023047170.622.23$1,049
Apr 2023060878.122.24$1,361
Mar 2023067872.852.39$1,623
Feb 2023084275.112.47$2,076
Jan 2023084176.533.39$2,849
Dec 2022093476.415.73$5,351
Nov 2022083785.005.65$4,726
Oct 202201,44887.185.86$8,491
Sep 202202,21184.888.16$18,050
Aug 202202,76594.529.13$25,237
Jul 202201,419101.587.54$10,702
Jun 202201,744115.097.98$13,912
May 202202,013109.378.43$16,976
Apr 202202,446104.226.84$16,725
Mar 202202,510108.885.08$12,742
Feb 202202,71091.054.86$13,167
Jan 202202,68281.844.54$12,170
Dec 202102,58871.323.90$10,091
Nov 202102,85577.435.24$14,951
Oct 202102,71679.795.71$15,519
Sep 202102,71069.865.35$14,501
Aug 202102,75066.024.22$11,607
Jul 202102,83270.783.98$11,277
Jun 202102,64369.493.38$8,935
May 202102,47663.483.02$7,472
Apr 202102,82560.362.76$7,793
Mar 202103,44761.302.72$9,365
Feb 202102,14757.805.55$11,911
Jan 202103,09250.412.81$8,689
Dec 202003,29944.642.68$8,826
Nov 202003,16338.772.71$8,561
Oct 202002,93636.972.48$7,277
Sep 2020733,81837.091.99$10,309
Aug 202004,63739.982.39$11,060
Jul 202001,75338.371.83$3,199
Jun 2020091234.901.69$1,542
May 202002,27616.921.81$4,130
Apr 2020080114.751.80$1,445
Mar 202001,87930.341.86$3,488
Feb 202001,69349.881.98$3,353
Jan 202001,95357.252.09$4,091
Dec 201902,27459.012.30$5,240
Nov 201902,07555.302.75$5,708
Oct 201902,53053.472.42$6,119
Sep 201902,39155.052.66$6,354
Aug 201902,46253.112.30$5,673
Jul 201902,95156.272.46$7,260
Jun 201902,86952.782.49$7,147
May 201903,05558.482.74$8,372
Apr 201903,02262.632.75$8,313
Mar 201903,04956.803.06$9,336
Feb 201902,82350.852.79$7,882
Jan 201902,86346.033.23$9,242
Dec 201803,14746.594.19$13,172
Nov 201802,49252.934.24$10,559
Oct 201804,40361.443.40$14,962
Sep 201803,55759.543.11$11,055
Aug 201803,19559.403.07$9,798
Jul 201803,02665.142.93$8,872
Jun 201803,25460.183.08$10,012
May 201803,40065.382.90$9,863
Apr 201803,37063.842.90$9,776
Mar 201803,68561.222.79$10,270
Feb 201802,59761.782.77$7,184
Jan 201803,09262.874.01$12,397
Dec 201703,17957.272.92$9,288
Nov 201703,15855.423.12$9,848
Oct 201703,44349.292.98$10,273
Sep 201703,24947.523.09$10,031
Aug 201702,99445.373.00$8,995
Jul 201703,57743.873.09$11,043
Jun 201703,37342.493.09$10,413
May 201703,79945.373.26$12,398
Apr 201703,74347.933.21$12,021
Mar 201704,03146.772.98$12,027
Feb 201703,84450.452.95$11,350
Jan 201703,87749.413.42$13,255
Dec 201603,84248.763.72$14,303
Nov 201604,10042.492.64$10,842
Oct 201604,66646.193.09$14,419
Sep 201604,66141.553.10$14,452
Aug 201604,14541.442.92$12,121
Jul 201603,71341.622.92$10,858
Jun 201603,26245.352.69$8,761
May 201602,91042.521.99$5,794
Apr 201603,45936.561.99$6,887
Mar 201603,55933.011.79$6,385
Feb 201603,20826.472.06$6,620
Jan 201604,15027.352.36$9,812
Dec 201504,16432.362.00$8,334
Nov 201504,62838.792.17$10,030
Oct 201504,19443.552.43$10,177
Sep 201503,93442.992.76$10,852
Aug 201503,47340.162.87$9,976
Jul 201503,53748.152.95$10,417
Jun 201502,85756.152.88$8,236
May 201503,52955.212.96$10,430
Apr 201502,66249.822.71$7,205
Mar 201502,64042.892.93$7,748
Feb 201503,35044.662.98$9,970
Jan 201503,06743.433.10$9,510
Dec 201404,29954.693.59$15,439
Nov 201403,82070.464.25$16,242
Oct 201403,65078.303.90$14,239
Sep 201403,54986.164.05$14,357
Aug 201403,84889.394.04$15,527
Jul 201404,06396.564.18$16,982
Jun 201404,40798.164.74$20,875
May 201404,88394.734.73$23,080
Apr 201404,58095.944.81$22,026
Mar 201404,29795.895.06$21,729
Feb 201403,43997.406.19$21,294
Jan 201404,06190.404.86$19,739
Dec 201304,37791.824.35$19,060
Nov 201306,26788.853.74$23,428
Oct 201304,66597.423.78$17,631
Sep 201304,404104.113.72$16,373
Aug 201306,388104.253.52$22,502
Jul 201303,786102.523.72$14,075
Jun 201304,99394.403.93$19,640
May 201304,97394.834.15$20,633
Apr 201304,82893.964.28$20,676
Mar 201305,36993.623.91$21,008
Feb 201304,84391.233.42$16,563
Jan 201305,47891.603.42$18,734
Dec 201205,28986.773.42$18,089
Nov 201205,06086.953.62$18,342
Oct 201205,22189.383.40$17,750
Sep 201204,43594.672.92$12,943
Aug 201203,54092.662.91$10,295
Jul 201203,85785.133.02$11,651
Jun 201204,21679.822.52$10,620
May 201204,89291.612.49$12,173
Apr 201205,833101.652.00$11,647
Mar 201204,839105.052.22$10,753
Feb 201203,288101.102.57$8,451
Jan 201205,71098.092.73$15,612
Dec 201105,91896.873.24$19,173
Nov 201106,07195.723.31$20,103
Oct 201105,92584.983.65$21,618
Sep 201106,34483.623.99$25,286
Aug 201104,65883.404.15$19,328
Jul 201106,57294.144.52$29,687
Jun 201106,08492.904.64$28,229
May 201106,19598.134.40$27,288
Apr 201107,899105.964.33$34,229
Mar 201107,44196.364.06$30,191
Feb 201106,39785.644.18$26,739
Jan 201107,29886.504.59$33,489
Dec 201007,40485.734.35$32,191
Nov 201007,02180.843.80$26,647
Oct 201007,61678.103.51$26,724
Sep 201007,41072.633.98$29,488
Aug 201007,89273.684.42$34,878
Jul 201008,16572.554.74$38,673
Jun 201007,99770.364.91$39,268
May 201008,25171.124.24$34,945
Apr 201008,30681.694.12$34,243
Mar 201008,60078.394.39$37,743
Feb 201008,19373.585.44$44,589
Jan 201008,21774.365.96$49,007
Dec 200908,88471.445.48$48,718
Nov 200909,12474.593.75$34,229
Oct 200909,64372.544.11$39,635
Sep 200909,59065.543.06$29,391
Aug 2009010,30467.423.22$33,163
Jul 2009010,65661.133.46$36,918
Jun 2009010,42966.163.90$40,621
May 2009011,43454.743.93$44,887
Apr 2009010,78646.773.59$38,695
Mar 2009011,88942.144.06$48,257
Feb 2009011,07232.814.63$51,297
Jan 200918213,01235.865.37$76,414
Dec 2008013,25737.105.98$79,239
Nov 2008013,42555.496.86$92,100
Oct 2008014,36375.246.92$99,420
Sep 2008014,338101.767.88$112,942
Aug 2008015,580114.228.48$132,165
Jul 2008016,256131.0811.39$185,147
Jun 2008016,135131.3313.03$210,281
May 200835717,859123.1711.57$250,677
Apr 200818118,363110.3110.45$211,949
Mar 200818120,811101.909.66$219,563
Feb 200817920,99692.538.77$200,710
Jan 200817924,12090.388.21$214,100
Dec 200717727,20488.337.30$214,277
Nov 200735730,39991.677.29$254,387
Oct 200753729,53582.856.92$248,931
Sep 200754233,57875.846.24$250,772
Aug 20071,07729,71869.066.39$264,214
Jul 2007150,54370.906.39$322,937
Jun 200705,63462.007.55$42,528

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             6 bbl  × $106.41 =       $638
Gas                1,407 Mcf  × $  3.05 =     $4,286

────────────────────────────────────────────────────
Month total                                   $4,924

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/229927 is the state's own key, not one this site invented.