REED "C"

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) in the DOWDY RANCH (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 231651District 05Field 259783002 tax incentive programmesCondensateGasSaveExport
Value, all time
$17.1 M
Aug 2007 – May 2026
Value, last 12 filed months
$281 k
at the published price for each month
Months reported
226
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 262 leases and 262 wells, and the rule below applies to all of them.

Discovered
1999-07-29
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 2010-06-22.

The Commission's schedule remark for this field reads: QUIRED.

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 Gas112008-02-27180212
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
CondensateDisposition106 bbl$5,972
GasProduction3,452,345 Mcf$17,069,916
Total$17,075,888

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 31.5936, -95.9821. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.59364, -95.98205 · 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
16,782 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 16,782 ft.

Completions filed
Aug 2007
1 of 1 wells

1 well

42-16133836516,782 ftAug 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 (226)

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

226 months

May 202612,376106.413.05$7,343
Apr 2026334398.932.87$1,281
Mar 202655,37089.753.15$17,361
Feb 202607,14663.503.75$26,800
Jan 202637,44359.138.00$59,706
Dec 202518,57056.664.41$37,879
Nov 202507,38858.593.93$29,009
Oct 202516,03659.383.30$20,007
Sep 202506,08462.743.08$18,720
Aug 202527,46963.933.01$22,645
Jul 202526,23766.743.32$20,810
Jun 202506,35966.483.13$19,896
May 202536,97760.553.23$22,734
Apr 202516,46862.363.54$22,979
Mar 202507,03867.704.27$30,040
Feb 202516,95670.884.34$30,266
Jan 202517,03274.324.28$30,162
Dec 202417,38268.993.12$23,111
Nov 202427,04169.052.20$15,617
Oct 202407,59871.372.28$17,334
Sep 202408,64469.612.36$20,438
Aug 202408,76275.632.06$18,082
Jul 202404,46079.932.15$9,574
Jun 202426,97678.082.63$18,531
May 202406,43678.812.20$14,149
Apr 202406,42984.451.66$10,667
Mar 202407,61380.301.55$11,763
Feb 202436,99676.091.78$12,707
Jan 202407,46073.023.30$24,601
Dec 202306,57271.262.61$17,158
Nov 202305,85277.892.81$16,430
Oct 202306,45685.443.09$19,931
Sep 202306,33889.042.74$17,335
Aug 202306,67880.522.67$17,849
Jul 202306,43774.852.64$17,005
Jun 202307,02468.962.26$15,864
May 202307,50670.622.23$16,719
Apr 202307,31878.122.24$16,376
Mar 202307,59472.852.39$18,174
Feb 202306,91175.112.47$17,040
Jan 202307,92076.533.39$26,831
Dec 202207,73676.415.73$44,320
Nov 202207,70585.005.65$43,504
Oct 202207,95287.185.86$46,629
Sep 202207,79984.888.16$63,669
Aug 202208,12694.529.13$74,167
Jul 202208,197101.587.54$61,822
Jun 202207,934115.097.98$63,291
May 202218,416109.378.43$71,082
Apr 202208,500104.226.84$58,120
Mar 202209,057108.885.08$45,977
Feb 202208,66891.054.86$42,116
Jan 202203,60681.844.54$16,363
Dec 202105,99671.323.90$23,379
Nov 202107,52777.435.24$39,418
Oct 202108,12879.795.71$46,442
Sep 202107,92469.865.35$42,401
Aug 202108,07866.024.22$34,094
Jul 202108,09070.783.98$32,215
Jun 202107,96969.493.38$26,940
May 202108,14863.483.02$24,588
Apr 202108,20160.362.76$22,622
Mar 202108,53561.302.72$23,189
Feb 202107,61457.805.55$42,242
Jan 202108,56650.412.81$24,073
Dec 202028,65744.642.68$23,251
Nov 202018,39438.772.71$22,758
Oct 202028,68736.972.48$21,604
Sep 202008,27737.091.99$16,480
Aug 202038,50439.982.39$20,403
Jul 202028,36338.371.83$15,340
Jun 202038,03934.901.69$13,693
May 202008,49916.921.81$15,424
Apr 202028,46214.751.80$15,298
Mar 202028,86630.341.86$16,518
Feb 202008,48049.881.98$16,796
Jan 202049,12157.252.09$19,335
Dec 201929,19559.012.30$21,307
Nov 201909,06255.302.75$24,927
Oct 201929,34853.472.42$22,715
Sep 201928,83655.052.66$23,590
Aug 201909,15753.112.30$21,101
Jul 201908,98156.272.46$22,094
Jun 201908,75152.782.49$21,800
May 201909,47558.482.74$25,965
Apr 201909,38362.632.75$25,810
Mar 201919,25456.803.06$28,393
Feb 201918,69350.852.79$24,324
Jan 201939,51446.033.23$30,851
Dec 201829,50446.594.19$39,872
Nov 201809,29952.934.24$39,402
Oct 201809,75561.443.40$33,148
Sep 201829,54259.543.11$29,776
Aug 2018110,20359.403.07$31,348
Jul 2018010,95865.142.93$32,128
Jun 201806,10460.183.08$18,782
May 201806,95765.382.90$20,181
Apr 201807,55763.842.90$21,921
Mar 2018210,07461.222.79$28,197
Feb 201826,12561.782.77$17,066
Jan 201806,48862.874.01$26,012
Dec 201718,26757.272.92$24,209
Nov 201709,85355.423.12$30,725
Oct 201715,54449.292.98$16,591
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 2017020743.873.09$639
Jun 2017029142.493.09$898
May 2017189745.373.26$2,973
Apr 201703,42547.933.21$11,000
Mar 201706,13046.772.98$18,290
Feb 201724,70550.452.95$13,993
Jan 2017211,19949.413.42$38,386
Dec 2016411,21548.763.72$41,947
Nov 201659,03542.492.64$24,104
Oct 2016110,26446.193.09$31,765
Sep 201606,88541.553.10$21,348
Aug 2016110,97241.442.92$32,127
Jul 2016112,67941.622.92$37,119
Jun 2016012,21345.352.69$32,802
May 2016014,59642.521.99$29,061
Apr 2016011,94836.561.99$23,789
Mar 201609,52233.011.79$17,083
Feb 201609,59226.472.06$19,794
Jan 2016012,20727.352.36$28,862
Dec 2015012,06932.362.00$24,155
Nov 2015012,93638.792.17$28,037
Oct 201509,56443.552.43$23,208
Sep 2015011,15542.992.76$30,770
Aug 2015713,71340.162.87$39,672
Jul 2015013,74148.152.95$40,468
Jun 201508,67456.152.88$25,006
May 2015011,18955.212.96$33,069
Apr 2015012,24149.822.71$33,131
Mar 2015013,18842.892.93$38,703
Feb 2015013,41844.662.98$39,935
Jan 2015016,24543.433.10$50,370
Dec 2014012,52654.693.59$44,985
Nov 201409,82270.464.25$41,762
Oct 2014016,92778.303.90$66,032
Sep 2014011,93886.164.05$48,294
Aug 2014012,58589.394.04$50,782
Jul 2014011,04396.564.18$46,155
Jun 2014012,21698.164.74$57,866
May 2014014,56594.734.73$68,842
Apr 2014014,94395.944.81$71,863
Mar 2014015,11695.895.06$76,439
Feb 2014014,90297.406.19$92,273
Jan 2014013,79290.404.86$67,039
Dec 2013012,96491.824.35$56,451
Nov 2013013,38588.853.74$50,037
Oct 2013014,70697.423.78$55,579
Sep 2013011,570104.113.72$43,014
Aug 2013016,319104.253.52$57,485
Jul 2013014,442102.523.72$53,692
Jun 2013015,33894.403.93$60,331
May 2013012,85194.834.15$53,320
Apr 2013012,73893.964.28$54,552
Mar 2013015,00693.623.91$58,717
Feb 2013013,22191.233.42$45,215
Jan 2013014,75491.603.42$50,457
Dec 2012016,10586.773.42$55,082
Nov 2012016,51686.953.62$59,870
Oct 2012017,51689.383.40$59,549
Sep 2012013,68994.672.92$39,950
Aug 2012016,16892.662.91$47,019
Jul 2012016,53985.133.02$49,961
Jun 2012015,67979.822.52$39,496
May 2012016,85591.612.49$41,941
Apr 2012015,842101.652.00$31,633
Mar 2012016,495105.052.22$36,653
Feb 2012015,846101.102.57$40,728
Jan 2012017,00298.092.73$46,485
Dec 2011016,06496.873.24$52,043
Nov 2011016,06595.723.31$53,196
Oct 2011017,72384.983.65$64,663
Sep 2011017,52183.623.99$69,835
Aug 2011018,16683.404.15$75,377
Jul 2011018,16194.144.52$82,038
Jun 2011017,59992.904.64$81,657
May 2011019,00498.134.40$83,709
Apr 2011019,003105.964.33$82,345
Mar 2011019,50196.364.06$79,122
Feb 2011017,42985.644.18$72,853
Jan 2011019,50186.504.59$89,486
Dec 2010020,38385.734.35$88,620
Nov 2010019,00280.843.80$72,119
Oct 2010020,68878.103.51$72,592
Sep 2010019,66272.633.98$78,244
Aug 2010021,51073.684.42$95,060
Jul 2010019,46072.554.74$92,172
Jun 2010021,91170.364.91$107,592
May 2010022,98971.124.24$97,363
Apr 2010023,68781.694.12$97,654
Mar 2010024,46778.394.39$107,378
Feb 2010021,78073.585.44$118,535
Jan 2010024,69974.365.96$147,307
Dec 2009025,27371.445.48$138,591
Nov 2009024,33274.593.75$91,282
Oct 2009025,87372.544.11$106,345
Sep 2009025,92665.543.06$79,457
Aug 2009027,05567.423.22$87,077
Jul 2009027,75561.133.46$96,157
Jun 2009027,43566.163.90$106,859
May 2009027,96754.743.93$109,791
Apr 2009028,22746.773.59$101,264
Mar 2009030,32242.144.06$123,077
Feb 2009128,76632.814.63$133,306
Jan 2009132,06235.865.37$172,241
Dec 2008132,74037.105.98$195,729
Nov 2008132,27155.496.86$221,446
Oct 2008035,49675.246.92$245,703
Sep 2008037,182101.767.88$292,886
Aug 2008042,657114.228.48$361,860
Jul 2008140,489131.0811.39$461,278
Jun 2008042,903131.3313.03$559,139
May 2008042,716123.1711.57$494,407
Apr 2008043,211110.3110.45$451,765
Mar 2008049,688101.909.66$480,188
Feb 2008153,31992.538.77$467,731
Jan 2008064,17090.388.21$526,562
Dec 2007075,63488.337.30$552,277
Nov 2007088,09991.677.29$642,391
Oct 20070125,13782.856.92$866,196
Sep 2007098,72275.846.24$616,436
Aug 20070112,51269.066.39$718,720

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             1 bbl  × $106.41 =       $106
Gas                2,376 Mcf  × $  3.05 =     $7,237

────────────────────────────────────────────────────
Month total                                   $7,343

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/231651 is the state's own key, not one this site invented.