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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 229970District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.2 M
May 2007 – May 2026
Value, last 12 filed months
$25 k
at the published price for each month
Months reported
229
no gaps in the span
Streams
2
condensate, gas

The FREESTONE (CV-BOSSIER CONS.) field

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 Gas112007-10-19176031
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
CondensateDisposition189 bbl$18,999
GasProduction1,166,128 Mcf$6,192,848
Total$6,211,847

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 31.4838, -96.2901. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.48381, -96.29011 · 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
13,107 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 13,107 ft.

Completions filed
May 2007
1 of 1 wells

1 well

42-293319281213,107 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 20260751106.413.05$2,287
Apr 2026052698.932.87$1,509
Mar 2026054689.753.15$1,720
Feb 2026047563.503.75$1,781
Jan 2026045459.138.00$3,631
Dec 2025050656.664.41$2,233
Nov 2025052458.593.93$2,057
Oct 2025056359.383.30$1,861
Sep 2025060662.743.08$1,865
Aug 2025063463.933.01$1,911
Jul 2025062166.743.32$2,059
Jun 2025082666.483.13$2,584
May 2025067860.553.23$2,192
Apr 2025063362.363.54$2,243
Mar 2025066467.704.27$2,834
Feb 2025060670.884.34$2,631
Jan 2025068574.324.28$2,931
Dec 2024070068.993.12$2,185
Nov 2024066569.052.20$1,462
Oct 2024073771.372.28$1,681
Sep 2024066069.612.36$1,560
Aug 2024071375.632.06$1,471
Jul 202401,59879.932.15$3,430
Jun 2024073878.082.63$1,944
May 202431,35078.812.20$3,204
Apr 202441,59184.451.66$2,978
Mar 202401,92480.301.55$2,973
Feb 202401,87276.091.78$3,339
Jan 202421,54573.023.30$5,241
Dec 202301,60871.262.61$4,198
Nov 202301,52077.892.81$4,267
Oct 202301,36885.443.09$4,223
Sep 202301,72389.042.74$4,712
Aug 202301,58680.522.67$4,239
Jul 202301,59074.852.64$4,200
Jun 202301,55868.962.26$3,519
May 202301,89870.622.23$4,228
Apr 202301,89278.122.24$4,234
Mar 202301,63772.852.39$3,918
Feb 202301,59675.112.47$3,935
Jan 202301,60076.533.39$5,420
Dec 202201,62976.415.73$9,333
Nov 202201,92385.005.65$10,858
Oct 202201,59987.185.86$9,376
Sep 202201,56484.888.16$12,768
Aug 202201,58194.529.13$14,430
Jul 202202,049101.587.54$15,454
Jun 202201,676115.097.98$13,370
May 202202,006109.378.43$16,917
Apr 202201,856104.226.84$12,691
Mar 202201,488108.885.08$7,554
Feb 202201,39291.054.86$6,764
Jan 202201,86481.844.54$8,458
Dec 202101,86671.323.90$7,276
Nov 202102,29077.435.24$11,992
Oct 202101,76879.795.71$10,102
Sep 202101,65369.865.35$8,845
Aug 202101,51566.024.22$6,394
Jul 202101,71070.783.98$6,809
Jun 202102,00469.493.38$6,775
May 202101,94363.483.02$5,863
Apr 202101,93660.362.76$5,340
Mar 202101,83361.302.72$4,980
Feb 202101,01457.805.55$5,626
Jan 202101,80250.412.81$5,064
Dec 202001,89744.642.68$5,075
Nov 202002,03538.772.71$5,508
Oct 202001,87636.972.48$4,650
Sep 202001,60137.091.99$3,188
Aug 202001,48739.982.39$3,547
Jul 202001,83838.371.83$3,355
Jun 202002,04934.901.69$3,463
May 202001,62116.921.81$2,942
Apr 202001,18614.751.80$2,140
Mar 202002,06630.341.86$3,835
Feb 202002,05249.881.98$4,064
Jan 202001,72357.252.09$3,609
Dec 201902,20859.012.30$5,088
Nov 201901,84155.302.75$5,064
Oct 201902,26053.472.42$5,466
Sep 201902,11755.052.66$5,625
Aug 201902,43653.112.30$5,613
Jul 201902,59556.272.46$6,384
Jun 201902,28452.782.49$5,690
May 201902,64358.482.74$7,243
Apr 201902,40562.632.75$6,615
Mar 201902,60756.803.06$7,983
Feb 201902,47450.852.79$6,908
Jan 201902,56246.033.23$8,271
Dec 201802,80346.594.19$11,732
Nov 201802,39752.934.24$10,157
Oct 201802,57061.443.40$8,733
Sep 201802,32759.543.11$7,232
Aug 201802,39259.403.07$7,335
Jul 201802,23265.142.93$6,544
Jun 201802,21760.183.08$6,822
May 201802,84065.382.90$8,238
Apr 201802,86163.842.90$8,299
Mar 201802,87561.222.79$8,012
Feb 201802,70861.782.77$7,491
Jan 201802,91762.874.01$11,695
Dec 201702,88857.272.92$8,437
Nov 201702,85055.423.12$8,887
Oct 201702,93649.292.98$8,760
Sep 201702,77747.523.09$8,573
Aug 201702,59545.373.00$7,796
Jul 201702,88743.873.09$8,913
Jun 201702,73742.493.09$8,450
May 201702,73045.373.26$8,909
Apr 201702,62347.933.21$8,424
Mar 201702,57846.772.98$7,692
Feb 201702,42350.452.95$7,154
Jan 201702,41549.413.42$8,256
Dec 201602,77848.763.72$10,342
Nov 201602,78042.492.64$7,351
Oct 201602,87846.193.09$8,894
Sep 201602,80641.553.10$8,700
Aug 201603,04941.442.92$8,916
Jul 201603,04241.622.92$8,896
Jun 201603,81145.352.69$10,236
May 201603,38142.521.99$6,732
Apr 201603,11136.561.99$6,194
Mar 201603,25233.011.79$5,834
Feb 201603,15726.472.06$6,515
Jan 201603,26427.352.36$7,717
Dec 201503,55432.362.00$7,113
Nov 201502,80238.792.17$6,073
Oct 201502,30243.552.43$5,586
Sep 201503,07942.992.76$8,493
Aug 201503,69040.162.87$10,599
Jul 201503,62448.152.95$10,673
Jun 201503,17956.152.88$9,165
May 201503,27555.212.96$9,679
Apr 201502,75949.822.71$7,467
Mar 201503,20142.892.93$9,394
Feb 201502,72544.662.98$8,110
Jan 201503,48543.433.10$10,806
Dec 201403,69654.693.59$13,274
Nov 201403,67970.464.25$15,643
Oct 201404,08178.303.90$15,920
Sep 201403,95486.164.05$15,996
Aug 201402,92389.394.04$11,795
Jul 201403,56796.564.18$14,909
Jun 201403,20498.164.74$15,177
May 201403,59394.734.73$16,983
Apr 201403,86695.944.81$18,592
Mar 201403,82295.895.06$19,327
Feb 201404,20497.406.19$26,031
Jan 201403,86390.404.86$18,777
Dec 201304,29391.824.35$18,694
Nov 201304,33188.853.74$16,190
Oct 201303,88997.423.78$14,698
Sep 201304,080104.113.72$15,168
Aug 201304,379104.253.52$15,426
Jul 201304,893102.523.72$18,191
Jun 201304,38794.403.93$17,256
May 201304,88294.834.15$20,256
Apr 201304,81093.964.28$20,599
Mar 201305,01293.623.91$19,611
Feb 201304,44391.233.42$15,195
Jan 201305,00491.603.42$17,113
Dec 201204,87086.773.42$16,656
Nov 201204,90386.953.62$17,773
Oct 201205,11189.383.40$17,376
Sep 201205,02394.672.92$14,659
Aug 201205,26692.662.91$15,314
Jul 201205,59385.133.02$16,895
Jun 201205,30479.822.52$13,361
May 201205,75191.612.49$14,310
Apr 201205,504101.652.00$10,990
Mar 201205,622105.052.22$12,493
Feb 201205,480101.102.57$14,085
Jan 201206,04298.092.73$16,519
Dec 201106,14896.873.24$19,918
Nov 201105,96795.723.31$19,758
Oct 201106,40984.983.65$23,383
Sep 201105,90383.623.99$23,528
Aug 201106,43383.404.15$26,693
Jul 201106,64994.144.52$30,035
Jun 201106,41792.904.64$29,774
May 201106,72698.134.40$29,627
Apr 201106,671105.964.33$28,907
Mar 201107,03496.364.06$28,539
Feb 201106,40485.644.18$26,769
Jan 201107,27586.504.59$33,383
Dec 201007,70585.734.35$33,499
Nov 201007,51180.843.80$28,507
Oct 201007,56678.103.51$26,548
Sep 201007,31072.633.98$29,090
Aug 201007,46973.684.42$33,008
Jul 201007,12372.554.74$33,738
Jun 201006,95870.364.91$34,167
May 201007,26571.124.24$30,769
Apr 201007,55381.694.12$31,139
Mar 201007,82478.394.39$34,337
Feb 201007,14673.585.44$38,891
Jan 201007,80174.365.96$46,526
Dec 200908,07671.445.48$44,287
Nov 200908,14174.593.75$30,541
Oct 200908,23372.544.11$33,840
Sep 200908,44865.543.06$25,891
Aug 200909,26567.423.22$29,819
Jul 200909,54461.133.46$33,065
Jun 200909,45966.163.90$36,843
May 2009010,24354.743.93$40,211
Apr 200909,57446.773.59$34,347
Mar 2009010,64442.144.06$43,204
Feb 200909,62332.814.63$44,583
Jan 2009011,49835.865.37$61,756
Dec 2008011,60837.105.98$69,383
Nov 2008011,78555.496.86$80,849
Oct 2008013,07475.246.92$90,498
Sep 2008012,886101.767.88$101,504
Aug 2008014,252114.228.48$120,900
Jul 2008014,915131.0811.39$169,873
Jun 2008014,772131.3313.03$192,518
May 2008016,524123.1711.57$191,254
Apr 2008017,474110.3110.45$182,688
Mar 200817519,695101.909.66$208,166
Feb 2008120,51992.538.77$180,056
Jan 2008324,54790.388.21$201,697
Dec 2007028,16488.337.30$205,653
Nov 2007031,23591.677.29$227,756
Oct 2007126,50582.856.92$183,550
Sep 2007027,34775.846.24$170,759
Aug 2007029,11269.066.39$185,966
Jul 2007043,96370.906.39$280,833
Jun 2007064,51962.007.55$487,018
May 200705,54058.747.85$43,468

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                  751 Mcf  × $  3.05 =     $2,287

────────────────────────────────────────────────────
Month total                                   $2,287

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/229970 is the state's own key, not one this site invented.