REED, BOBBY GAS UNIT

Operated by 1789 MANAGEMENT, LLC (P-5 100936) 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 231657District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.5 M
Jun 2007 – May 2026
Value, last 12 filed months
$0
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 Gas112008-05-27183151
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
CondensateDisposition13 bbl$1,355
GasProduction768,647 Mcf$4,539,412
Total$4,540,768

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 31.4751, -96.3267. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47507, -96.32670 · 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
12,800 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 12,800 ft.

Completions filed
Jun 2007
1 of 1 wells

1 well

42-293319131212,800 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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180265.382.90$6
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 201801261.782.77$33
Jan 20180062.874.01$0
Dec 20170157.272.92$3
Nov 201703255.423.12$100
Oct 201704049.292.98$119
Sep 201703047.523.09$93
Aug 20170045.373.00$0
Jul 20170343.873.09$9
Jun 20170042.493.09$0
May 20170445.373.26$13
Apr 20170147.933.21$3
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 201601,18527.352.36$2,802
Dec 201503,74832.362.00$7,501
Nov 201503,80638.792.17$8,249
Oct 201503,61943.552.43$8,782
Sep 201503,28042.992.76$9,048
Aug 201503,83740.162.87$11,022
Jul 201503,84048.152.95$11,309
Jun 201504,01656.152.88$11,578
May 201504,21855.212.96$12,466
Apr 201504,00849.822.71$10,848
Mar 201503,42342.892.93$10,046
Feb 201503,90544.662.98$11,622
Jan 201503,04643.433.10$9,445
Dec 201404,21054.693.59$15,120
Nov 201404,26470.464.25$18,130
Oct 201405,19678.303.90$20,269
Sep 201403,64086.164.05$14,725
Aug 201405,96589.394.04$24,069
Jul 201406,34096.564.18$26,499
Jun 201406,30698.164.74$29,871
May 201406,78994.734.73$32,089
Apr 201401,42795.944.81$6,863
Mar 201401,88495.895.06$9,527
Feb 201401,71097.406.19$10,588
Jan 201401,93890.404.86$9,420
Dec 201301,94791.824.35$8,478
Nov 201301,92088.853.74$7,178
Oct 201301,92697.423.78$7,279
Sep 201301,897104.113.72$7,053
Aug 2013132,139104.253.52$8,890
Jul 201302,166102.523.72$8,053
Jun 201301,96194.403.93$7,713
May 201302,11094.834.15$8,755
Apr 201302,09093.964.28$8,951
Mar 201302,27593.623.91$8,902
Feb 201302,13191.233.42$7,288
Jan 201302,44091.603.42$8,345
Dec 201202,51186.773.42$8,588
Nov 201202,40986.953.62$8,733
Oct 201202,49589.383.40$8,482
Sep 201202,43294.672.92$7,098
Aug 201202,63492.662.91$7,660
Jul 201202,71485.133.02$8,198
Jun 201202,78279.822.52$7,008
May 201203,05991.612.49$7,612
Apr 201202,096101.652.00$4,185
Mar 201202,829105.052.22$6,286
Feb 201202,864101.102.57$7,361
Jan 201203,04198.092.73$8,314
Dec 201105,77796.873.24$18,716
Nov 201104,91795.723.31$16,282
Oct 201104,87984.983.65$17,801
Sep 201104,42183.623.99$17,621
Aug 201104,44483.404.15$18,440
Jul 201105,08794.144.52$22,979
Jun 201105,67192.904.64$26,313
May 201106,08498.134.40$26,799
Apr 201106,008105.964.33$26,034
Mar 201105,98596.364.06$24,283
Feb 201105,62685.644.18$23,517
Jan 201106,67786.504.59$30,639
Dec 201006,68585.734.35$29,065
Nov 201007,01580.843.80$26,624
Oct 201006,95878.103.51$24,415
Sep 201006,95772.633.98$27,685
Aug 201007,93973.684.42$35,085
Jul 201008,61272.554.74$40,791
Jun 201008,67570.364.91$42,598
May 201008,69871.124.24$36,838
Apr 201007,89681.694.12$32,553
Mar 201005,81978.394.39$25,538
Feb 201005,34473.585.44$29,084
Jan 201006,45774.365.96$38,510
Dec 200906,44071.445.48$35,315
Nov 200906,44674.593.75$24,182
Oct 200907,31872.544.11$30,079
Sep 200907,99565.543.06$24,503
Aug 200908,67467.423.22$27,917
Jul 2009010,23961.133.46$35,473
Jun 2009010,88866.163.90$42,409
May 2009011,66754.743.93$45,802
Apr 2009012,42346.773.59$44,568
Mar 2009013,96942.144.06$56,700
Feb 2009011,21032.814.63$51,936
Jan 2009012,60935.865.37$67,723
Dec 2008013,86137.105.98$82,849
Nov 2008014,60355.496.86$100,182
Oct 2008016,31175.246.92$112,904
Sep 2008018,087101.767.88$142,473
Aug 2008019,242114.228.48$163,230
Jul 2008018,630131.0811.39$212,185
Jun 2008019,206131.3313.03$250,305
May 2008020,461123.1711.57$236,822
Apr 2008020,141110.3110.45$210,571
Mar 2008021,124101.909.66$204,144
Feb 2008020,00992.538.77$175,491
Jan 2008017,37990.388.21$142,607
Dec 200704,84788.337.30$35,393
Nov 2007017,72391.677.29$129,231
Oct 2007019,77382.856.92$136,868
Sep 2007022,53075.846.24$140,681
Aug 2007027,64069.066.39$176,563
Jul 2007022,92470.906.39$146,437
Jun 200709,05462.007.55$68,344

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 2018 — as filed, then multipliedworked
Condensate             0 bbl  × $ 65.38 =         $0
Gas                    2 Mcf  × $  2.90 =         $6

────────────────────────────────────────────────────
Month total                                       $6

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/231657 is the state's own key, not one this site invented.