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 232491District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.7 M
Jul 2007 – May 2026
Value, last 12 filed months
$137 k
at the published price for each month
Months reported
227
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 Gas112008-05-27183161
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
CondensateDisposition143 bbl$12,657
GasProduction1,278,194 Mcf$6,717,938
Total$6,730,594

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 31.4743, -96.3329. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47426, -96.33292 · 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
12,850 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 12,850 ft.

Completions filed
Jul 2007
1 of 1 wells

1 well

42-293319221312,850 ftJul 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 (227)

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

227 months

May 202602,886106.413.05$8,790
Apr 202602,92098.932.87$8,380
Mar 202602,42789.753.15$7,644
Feb 202602,23963.503.75$8,397
Jan 202603,47659.138.00$27,801
Dec 202503,47656.664.41$15,341
Nov 202502,68158.593.93$10,527
Oct 202503,81759.383.30$12,615
Sep 202502,56362.743.08$7,886
Aug 202502,80263.933.01$8,447
Jul 202503,82466.743.32$12,677
Jun 202502,71566.483.13$8,494
May 202502,77560.553.23$8,970
Apr 202503,43362.363.54$12,164
Mar 202503,24267.704.27$13,838
Feb 202503,45170.884.34$14,980
Jan 202502,96974.324.28$12,703
Dec 202403,74968.993.12$11,702
Nov 202402,59469.052.20$5,703
Oct 202401,97471.372.28$4,503
Sep 2024014669.612.36$345
Aug 202401,72775.632.06$3,564
Jul 202401,68579.932.15$3,617
Jun 202402,97578.082.63$7,836
May 202401,11978.812.20$2,460
Apr 202401,21284.451.66$2,011
Mar 202401,07880.301.55$1,666
Feb 202402,12676.091.78$3,792
Jan 202401,80373.023.30$5,946
Dec 202301,90071.262.61$4,960
Nov 202301,50877.892.81$4,234
Oct 202301,00185.443.09$3,090
Sep 202302,13289.042.74$5,831
Aug 202301,54180.522.67$4,119
Jul 202302,50974.852.64$6,628
Jun 202302,47068.962.26$5,578
May 202302,03670.622.23$4,535
Apr 202301,84478.122.24$4,126
Mar 20230072.852.39$0
Feb 202301,66075.112.47$4,093
Jan 202303,12876.533.39$10,597
Dec 202203,38776.415.73$19,404
Nov 202203,84685.005.65$21,715
Oct 202203,29187.185.86$19,298
Sep 202201,36784.888.16$11,160
Aug 202201,12694.529.13$10,277
Jul 20220537101.587.54$4,050
Jun 20220431115.097.98$3,438
May 202201,592109.378.43$13,425
Apr 202202,962104.226.84$20,253
Mar 202203,473108.885.08$17,630
Feb 202203,25391.054.86$15,806
Jan 202201,77481.844.54$8,050
Dec 2021064371.323.90$2,507
Nov 2021068777.435.24$3,598
Oct 2021059679.795.71$3,405
Sep 2021040869.865.35$2,183
Aug 2021044666.024.22$1,882
Jul 2021041470.783.98$1,649
Jun 2021041069.493.38$1,386
May 2021046363.483.02$1,397
Apr 2021045960.362.76$1,266
Mar 2021047461.302.72$1,288
Feb 2021057257.805.55$3,173
Jan 2021073850.412.81$2,074
Dec 2020072744.642.68$1,945
Nov 2020059538.772.71$1,610
Oct 2020072736.972.48$1,802
Sep 2020080137.091.99$1,595
Aug 2020093339.982.39$2,225
Jul 202002,61638.371.83$4,775
Jun 202003,20734.901.69$5,421
May 202001,27716.921.81$2,317
Apr 2020074414.751.80$1,342
Mar 2020075630.341.86$1,403
Feb 2020066949.881.98$1,325
Jan 2020076357.252.09$1,598
Dec 2019080259.012.30$1,848
Nov 2019079155.302.75$2,176
Oct 2019082053.472.42$1,983
Sep 2019088855.052.66$2,360
Aug 201901,14253.112.30$2,632
Jul 201901,63756.272.46$4,027
Jun 201902,20952.782.49$5,503
May 201902,13458.482.74$5,848
Apr 201902,31262.632.75$6,360
Mar 201902,23256.803.06$6,835
Feb 201902,05550.852.79$5,738
Jan 201902,28946.033.23$7,389
Dec 201801,80646.594.19$7,559
Nov 201801,16452.934.24$4,932
Oct 201802,44161.443.40$8,295
Sep 201802,43259.543.11$7,559
Aug 201802,32359.403.07$7,124
Jul 2018371,90865.142.93$8,004
Jun 201802,30060.183.08$7,077
May 201802,45165.382.90$7,110
Apr 201803,85963.842.90$11,194
Mar 201802,96361.222.79$8,257
Feb 2018070461.782.77$1,947
Jan 201801,62362.874.01$6,507
Dec 201702,63557.272.92$7,698
Nov 201702,56455.423.12$7,995
Oct 201702,69049.292.98$8,026
Sep 201702,04847.523.09$6,323
Aug 201702,58645.373.00$7,769
Jul 201702,50043.873.09$7,718
Jun 201702,47942.493.09$7,653
May 201762,58045.373.26$8,692
Apr 201782,81047.933.21$9,408
Mar 201702,34446.772.98$6,994
Feb 201702,54850.452.95$7,523
Jan 201702,94949.413.42$10,082
Dec 201603,10748.763.72$11,567
Nov 201603,23542.492.64$8,554
Oct 201602,58346.193.09$7,982
Sep 201602,94341.553.10$9,125
Aug 201602,68241.442.92$7,843
Jul 201603,03441.622.92$8,872
Jun 201603,08445.352.69$8,283
May 201603,48242.521.99$6,933
Apr 201602,59336.561.99$5,163
Mar 201603,57033.011.79$6,405
Feb 201603,28826.472.06$6,785
Jan 201603,48827.352.36$8,247
Dec 201503,52732.362.00$7,059
Nov 201503,48938.792.17$7,562
Oct 201503,43443.552.43$8,333
Sep 201503,20542.992.76$8,841
Aug 201503,59540.162.87$10,327
Jul 201503,33648.152.95$9,825
Jun 201503,26056.152.88$9,398
May 201503,72255.212.96$11,000
Apr 201504,07949.822.71$11,040
Mar 201502,65942.892.93$7,803
Feb 201503,49144.662.98$10,390
Jan 201504,06043.433.10$12,589
Dec 201404,36654.693.59$15,680
Nov 201403,64370.464.25$15,489
Oct 201402,82678.303.90$11,024
Sep 201403,69786.164.05$14,956
Aug 201404,29589.394.04$17,331
Jul 201404,44496.564.18$18,574
Jun 201403,07698.164.74$14,571
May 201404,19494.734.73$19,823
Apr 201404,50295.944.81$21,651
Mar 201404,82895.895.06$24,414
Feb 201404,27797.406.19$26,483
Jan 201404,90690.404.86$23,847
Dec 201304,88091.824.35$21,250
Nov 201303,76188.853.74$14,060
Oct 201305,02797.423.78$18,999
Sep 201304,802104.113.72$17,853
Aug 2013925,395104.253.52$28,595
Jul 201305,093102.523.72$18,934
Jun 201304,55794.403.93$17,925
May 201305,23794.834.15$21,729
Apr 201305,22093.964.28$22,355
Mar 201305,02593.623.91$19,662
Feb 201304,38991.233.42$15,010
Jan 201305,67191.603.42$19,394
Dec 201205,28086.773.42$18,058
Nov 201205,55286.953.62$20,126
Oct 201205,84689.383.40$19,875
Sep 201205,71194.672.92$16,667
Aug 201205,84392.662.91$16,992
Jul 201206,06585.133.02$18,321
Jun 201206,17879.822.52$15,563
May 201206,21391.612.49$15,460
Apr 201206,361101.652.00$12,702
Mar 201206,801105.052.22$15,112
Feb 201206,980101.102.57$17,940
Jan 201206,37098.092.73$17,416
Dec 201106,37096.873.24$20,637
Nov 201106,55995.723.31$21,719
Oct 201107,00184.983.65$25,543
Sep 201106,72083.623.99$26,785
Aug 201106,56883.404.15$27,253
Jul 201107,08694.144.52$32,009
Jun 201107,38992.904.64$34,284
May 201107,41398.134.40$32,653
Apr 201107,666105.964.33$33,219
Mar 201108,26496.364.06$33,530
Feb 201106,87885.644.18$28,750
Jan 201108,60186.504.59$39,468
Dec 201008,90585.734.35$38,717
Nov 201008,76680.843.80$33,270
Oct 201009,77178.103.51$34,285
Sep 2010012,56872.633.98$50,014
Aug 201005,67573.684.42$25,080
Jul 201006,99772.554.74$33,141
Jun 2010012,32170.364.91$60,501
May 201008,65071.124.24$36,635
Apr 201007,63881.694.12$31,489
Mar 201009,08978.394.39$39,889
Feb 201009,10073.585.44$49,525
Jan 2010010,40574.365.96$62,056
Dec 2009011,16571.445.48$61,226
Nov 2009010,91974.593.75$40,963
Oct 2009011,60972.544.11$47,716
Sep 2009011,90965.543.06$36,498
Aug 200909,74667.423.22$31,368
Jul 2009011,62161.133.46$40,261
Jun 200909,98866.163.90$38,903
May 2009015,00054.743.93$58,886
Apr 2009015,58946.773.59$55,926
Mar 2009022,77342.144.06$92,436
Feb 2009015,42932.814.63$71,483
Jan 2009014,21435.865.37$76,343
Dec 2008014,83837.105.98$88,689
Nov 2008015,12655.496.86$103,770
Oct 2008016,35875.246.92$113,230
Sep 2008017,486101.767.88$137,739
Aug 2008018,606114.228.48$157,835
Jul 2008018,108131.0811.39$206,240
Jun 2008019,479131.3313.03$253,863
May 2008021,777123.1711.57$252,053
Apr 2008022,643110.3110.45$236,729
Mar 2008024,986101.909.66$241,466
Feb 2008025,41892.538.77$222,931
Jan 2008029,20190.388.21$239,616
Dec 2007028,62488.337.30$209,012
Nov 2007031,68691.677.29$231,045
Oct 2007045,32082.856.92$313,704
Sep 2007075,35175.846.24$470,504
Aug 200709,88069.066.39$63,113
Jul 200707,89370.906.39$50,420

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                2,886 Mcf  × $  3.05 =     $8,790

────────────────────────────────────────────────────
Month total                                   $8,790

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/232491 is the state's own key, not one this site invented.