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 230290District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.8 M
May 2007 – May 2026
Value, last 12 filed months
$73 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 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 Gas112007-11-26178770
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
CondensateDisposition28 bbl$2,352
GasProduction740,209 Mcf$3,751,398
Total$3,753,750

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 31.4542, -96.3304. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.45421, -96.33036 · 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
13,030 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 13,030 ft.

Completions filed
May 2007
1 of 1 wells

1 well

42-293317791913,030 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 202601,667106.413.05$5,077
Apr 202601,65398.932.87$4,744
Mar 202601,71789.753.15$5,408
Feb 202601,61963.503.75$6,072
Jan 202601,71859.138.00$13,740
Dec 202501,64756.664.41$7,269
Nov 202501,48458.593.93$5,827
Oct 202511,71259.383.30$5,717
Sep 202501,69162.743.08$5,203
Aug 202501,63463.933.01$4,926
Jul 202501,50466.743.32$4,986
Jun 202501,14366.483.13$3,576
May 202501,28860.553.23$4,163
Apr 202501,09362.363.54$3,873
Mar 202501,24367.704.27$5,306
Feb 202501,24370.884.34$5,396
Jan 202501,20074.324.28$5,134
Dec 202411,25768.993.12$3,993
Nov 202401,18069.052.20$2,594
Oct 202401,40571.372.28$3,205
Sep 202401,25669.612.36$2,970
Aug 202401,45375.632.06$2,998
Jul 202401,41379.932.15$3,033
Jun 202411,41578.082.63$3,805
May 202401,75178.812.20$3,849
Apr 202411,35084.451.66$2,324
Mar 202401,68980.301.55$2,610
Feb 202401,89276.091.78$3,375
Jan 202401,77073.023.30$5,837
Dec 202301,73771.262.61$4,535
Nov 202311,86177.892.81$5,303
Oct 202311,78285.443.09$5,587
Sep 202311,38789.042.74$3,883
Aug 202311,49080.522.67$4,063
Jul 202311,57474.852.64$4,233
Jun 202321,10168.962.26$2,625
May 202321,52270.622.23$3,531
Apr 202311,78078.122.24$4,061
Mar 202311,30672.852.39$3,198
Feb 202311,73175.112.47$4,343
Jan 202311,68676.533.39$5,788
Dec 202211,81276.415.73$10,458
Nov 202211,82085.005.65$10,361
Oct 202211,94787.185.86$11,504
Sep 202201,49184.888.16$12,172
Aug 202211,39494.529.13$12,818
Jul 202211,599101.587.54$12,161
Jun 202211,662115.097.98$13,373
May 202211,730109.378.43$14,699
Apr 202201,798104.226.84$12,294
Mar 202221,906108.885.08$9,893
Feb 202201,62791.054.86$7,905
Jan 202201,93081.844.54$8,758
Dec 202102,32671.323.90$9,069
Nov 202102,56177.435.24$13,412
Oct 202102,64279.795.71$15,096
Sep 2021097069.865.35$5,190
Aug 2021093666.024.22$3,950
Jul 2021099470.783.98$3,958
Jun 202101,02369.493.38$3,458
May 202101,11363.483.02$3,359
Apr 202101,05360.362.76$2,905
Mar 2021097861.302.72$2,657
Feb 2021098857.805.55$5,481
Jan 202101,17650.412.81$3,305
Dec 202001,19344.642.68$3,192
Nov 202001,20038.772.71$3,248
Oct 202001,09836.972.48$2,721
Sep 202001,00837.091.99$2,007
Aug 202001,15539.982.39$2,755
Jul 202001,01138.371.83$1,845
Jun 2020099934.901.69$1,689
May 202001,10216.921.81$2,000
Apr 202001,03414.751.80$1,866
Mar 202001,15130.341.86$2,137
Feb 202001,50149.881.98$2,973
Jan 202001,58457.252.09$3,318
Dec 201901,67459.012.30$3,858
Nov 201901,47955.302.75$4,068
Oct 201901,71653.472.42$4,150
Sep 201901,34355.052.66$3,569
Aug 201901,64253.112.30$3,784
Jul 201901,45056.272.46$3,567
Jun 201901,74752.782.49$4,352
May 201901,81258.482.74$4,965
Apr 201901,78562.632.75$4,910
Mar 201901,72256.803.06$5,273
Feb 201901,43950.852.79$4,018
Jan 201901,87346.033.23$6,046
Dec 201801,90546.594.19$7,973
Nov 201801,81852.934.24$7,703
Oct 201801,90561.443.40$6,473
Sep 201801,83659.543.11$5,706
Aug 201801,89859.403.07$5,820
Jul 201801,92165.142.93$5,632
Jun 201801,89160.183.08$5,818
May 201801,92665.382.90$5,587
Apr 201801,92363.842.90$5,578
Mar 201802,02861.222.79$5,652
Feb 201801,88161.782.77$5,203
Jan 201801,93062.874.01$7,738
Dec 201702,13957.272.92$6,249
Nov 201701,86955.423.12$5,828
Oct 201701,98149.292.98$5,911
Sep 201702,00947.523.09$6,202
Aug 201702,15045.373.00$6,459
Jul 201702,19843.873.09$6,786
Jun 201702,03142.493.09$6,270
May 201702,18245.373.26$7,121
Apr 201701,98247.933.21$6,365
Mar 201702,05446.772.98$6,128
Feb 201701,63650.452.95$4,830
Jan 201702,05749.413.42$7,032
Dec 201602,15148.763.72$8,008
Nov 201602,03642.492.64$5,384
Oct 201602,10046.193.09$6,490
Sep 201601,94341.553.10$6,025
Aug 201602,02341.442.92$5,916
Jul 201601,88541.622.92$5,512
Jun 201601,85745.352.69$4,988
May 201601,94442.521.99$3,871
Apr 201601,84836.561.99$3,679
Mar 201601,89533.011.79$3,400
Feb 201601,89226.472.06$3,904
Jan 201602,02227.352.36$4,781
Dec 201502,11632.362.00$4,235
Nov 201502,06238.792.17$4,469
Oct 201502,12443.552.43$5,154
Sep 201502,07942.992.76$5,735
Aug 201502,17240.162.87$6,239
Jul 201502,17548.152.95$6,406
Jun 201502,08856.152.88$6,019
May 201502,18455.212.96$6,455
Apr 201502,15449.822.71$5,830
Mar 201502,24242.892.93$6,580
Feb 201502,07244.662.98$6,167
Jan 201502,28843.433.10$7,094
Dec 201402,26854.693.59$8,145
Nov 201402,29670.464.25$9,762
Oct 201402,40278.303.90$9,370
Sep 201402,34486.164.05$9,483
Aug 201402,49389.394.04$10,060
Jul 201402,59696.564.18$10,850
Jun 201402,54998.164.74$12,074
May 201402,64094.734.73$12,478
Apr 201402,60595.944.81$12,528
Mar 201402,71895.895.06$13,744
Feb 201402,43497.406.19$15,071
Jan 201402,73490.404.86$13,289
Dec 201302,76591.824.35$12,040
Nov 201302,73088.853.74$10,206
Oct 201302,85397.423.78$10,783
Sep 201302,761104.113.72$10,265
Aug 201302,884104.253.52$10,159
Jul 201302,958102.523.72$10,997
Jun 201302,90894.403.93$11,438
May 201303,03794.834.15$12,601
Apr 201302,90893.964.28$12,454
Mar 201303,11393.623.91$12,181
Feb 201302,87291.233.42$9,822
Jan 201303,00891.603.42$10,287
Dec 201203,17286.773.42$10,849
Nov 201203,10786.953.62$11,263
Oct 201203,24589.383.40$11,032
Sep 201203,26294.672.92$9,520
Aug 201203,22592.662.91$9,379
Jul 201203,40185.133.02$10,274
Jun 201203,29479.822.52$8,298
May 201203,46291.612.49$8,615
Apr 201203,291101.652.00$6,571
Mar 201203,501105.052.22$7,780
Feb 201203,298101.102.57$8,477
Jan 201203,61298.092.73$9,876
Dec 201103,64896.873.24$11,819
Nov 201103,56195.723.31$11,791
Oct 201103,79984.983.65$13,861
Sep 201103,68683.623.99$14,692
Aug 201103,80383.404.15$15,780
Jul 201103,80094.144.52$17,166
Jun 201103,76592.904.64$17,469
May 201104,00298.134.40$17,628
Apr 201103,791105.964.33$16,427
Mar 201104,14896.364.06$16,830
Feb 201103,61585.644.18$15,111
Jan 201104,29386.504.59$19,700
Dec 201004,41585.734.35$19,195
Nov 201004,32580.843.80$16,415
Oct 201004,52378.103.51$15,871
Sep 201004,60972.633.98$18,341
Aug 201004,60073.684.42$20,329
Jul 201004,74872.554.74$22,489
Jun 201004,68270.364.91$22,990
May 201004,89371.124.24$20,723
Apr 201004,79681.694.12$19,772
Mar 201005,13378.394.39$22,527
Feb 201004,63473.585.44$25,220
Jan 201005,30674.365.96$31,645
Dec 200905,48771.445.48$30,089
Nov 200905,29474.593.75$19,860
Oct 200905,63172.544.11$23,145
Sep 200905,51165.543.06$16,890
Aug 200905,88867.423.22$18,951
Jul 200905,86261.133.46$20,309
Jun 200905,91766.163.90$23,047
May 200906,25754.743.93$24,563
Apr 200906,25746.773.59$22,447
Mar 200906,76042.144.06$27,439
Feb 200906,32432.814.63$29,299
Jan 200907,27535.865.37$39,074
Dec 200807,59837.105.98$45,414
Nov 200807,64455.496.86$52,441
Oct 200808,25875.246.92$57,162
Sep 200808,292101.767.88$65,317
Aug 200808,997114.228.48$76,322
Jul 200809,396131.0811.39$107,015
Jun 200809,369131.3313.03$122,103
May 2008010,291123.1711.57$119,111
Apr 2008010,678110.3110.45$111,637
Mar 2008011,765101.909.66$113,698
Feb 2008212,03592.538.77$105,739
Jan 2008014,72490.388.21$120,821
Dec 2007015,11488.337.30$110,362
Nov 2007016,52391.677.29$120,481
Oct 2007019,41582.856.92$134,390
Sep 2007011,66975.846.24$72,863
Aug 2007015,06669.066.39$96,241
Jul 2007015,47470.906.39$98,847
Jun 200708,19262.007.55$61,837
May 2007010,18558.747.85$79,914

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                1,667 Mcf  × $  3.05 =     $5,077

────────────────────────────────────────────────────
Month total                                   $5,077

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/230290 is the state's own key, not one this site invented.