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 234312District 05Field 259783002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.6 M
Oct 2007 – May 2026
Value, last 12 filed months
$382
at the published price for each month
Months reported
224
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 Gas112009-01-29188921
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
CondensateDisposition38 bbl$1,774
GasProduction1,856,100 Mcf$10,565,740
Total$10,567,514

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 31.5934, -95.9720. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.59342, -95.97200 · 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
16,780 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 16,780 ft.

Completions filed
Oct 2007
1 of 1 wells

1 well

42-16133867316,780 ftOct 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 (224)

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

224 months

May 2026028106.413.05$85
Apr 20260898.932.87$23
Mar 20260589.753.15$16
Feb 20260563.503.75$19
Jan 20260459.138.00$32
Dec 20250556.664.41$22
Nov 20250558.593.93$20
Oct 202501059.383.30$33
Sep 20250562.743.08$15
Aug 20250663.933.01$18
Jul 202503066.743.32$99
Jun 20250066.483.13$0
May 20250460.553.23$13
Apr 20250562.363.54$18
Mar 20250267.704.27$9
Feb 2025024770.884.34$1,072
Jan 2025129574.324.28$1,337
Dec 202402,47768.993.12$7,732
Nov 202403,16169.052.20$6,949
Oct 202402,88671.372.28$6,584
Sep 2024072769.612.36$1,719
Aug 202401,64375.632.06$3,391
Jul 202401,49279.932.15$3,203
Jun 202421,76378.082.63$4,800
May 202401,89778.812.20$4,170
Apr 202401,86084.451.66$3,086
Mar 202401,76980.301.55$2,733
Feb 202401,63376.091.78$2,913
Jan 202402,92573.023.30$9,646
Dec 202303,77571.262.61$9,855
Nov 2023010077.892.81$281
Oct 202301785.443.09$52
Sep 2023090889.042.74$2,483
Aug 202303,17380.522.67$8,481
Jul 202303,40774.852.64$9,001
Jun 202303,19768.962.26$7,220
May 202303,64370.622.23$8,114
Apr 202302,28578.122.24$5,113
Mar 202302,29872.852.39$5,499
Feb 202303,02775.112.47$7,464
Jan 202303,85476.533.39$13,056
Dec 202203,42876.415.73$19,639
Nov 202203,54485.005.65$20,010
Oct 202203,64687.185.86$21,379
Sep 202202,61784.888.16$21,364
Aug 20220094.529.13$0
Jul 202207101.587.54$53
Jun 202201,447115.097.98$11,543
May 202203,461109.378.43$29,187
Apr 202203,526104.226.84$24,109
Mar 202203,658108.885.08$18,569
Feb 202202,94291.054.86$14,295
Jan 202202,91281.844.54$13,214
Dec 2021072371.323.90$2,819
Nov 202103,18677.435.24$16,685
Oct 202103,32979.795.71$19,021
Sep 202103,34669.865.35$17,904
Aug 202103,40566.024.22$14,371
Jul 202103,41370.783.98$13,591
Jun 202103,30469.493.38$11,170
May 202103,53863.483.02$10,677
Apr 202103,48060.362.76$9,599
Mar 202103,95961.302.72$10,756
Feb 202102,85457.805.55$15,834
Jan 202103,56650.412.81$10,021
Dec 202003,64844.642.68$9,760
Nov 202003,52738.772.71$9,546
Oct 202003,35536.972.48$8,315
Sep 202003,38137.091.99$6,732
Aug 202013,42039.982.39$8,197
Jul 202003,49838.371.83$6,384
Jun 202013,48734.901.69$5,929
May 202003,74316.921.81$6,793
Apr 202003,65314.751.80$6,591
Mar 202003,78530.341.86$7,026
Feb 202003,55749.881.98$7,045
Jan 202023,81957.252.09$8,114
Dec 201903,82559.012.30$8,814
Nov 201903,77255.302.75$10,376
Oct 201903,87753.472.42$9,377
Sep 201903,75055.052.66$9,965
Aug 201903,98853.112.30$9,190
Jul 201903,96756.272.46$9,759
Jun 201903,94652.782.49$9,830
May 201904,13658.482.74$11,334
Apr 201903,30062.632.75$9,077
Mar 201903,66656.803.06$11,226
Feb 201904,41250.852.79$12,319
Jan 201925,20946.033.23$16,908
Dec 201804,54646.594.19$19,027
Nov 201804,54352.934.24$19,250
Oct 201804,57161.443.40$15,533
Sep 201803,76959.543.11$11,714
Aug 201804,13759.403.07$12,686
Jul 201804,45665.142.93$13,064
Jun 201804,24560.183.08$13,062
May 201804,45665.382.90$12,926
Apr 201804,35163.842.90$12,621
Mar 201804,55361.222.79$12,688
Feb 201814,26361.782.77$11,854
Jan 201804,30062.874.01$17,240
Dec 201704,61257.272.92$13,474
Nov 201704,51555.423.12$14,079
Oct 201704,33549.292.98$12,934
Sep 201704,68847.523.09$14,473
Aug 201705,49845.373.00$16,518
Jul 201715,78443.873.09$17,901
Jun 201705,81742.493.09$17,959
May 201706,29445.373.26$20,540
Apr 201706,05647.933.21$19,449
Mar 201705,14746.772.98$15,357
Feb 2017013450.452.95$396
Jan 2017061749.413.42$2,109
Dec 201612,89548.763.72$10,826
Nov 201635,74842.492.64$15,327
Oct 201604,74746.193.09$14,669
Sep 201609941.553.10$307
Aug 2016115741.442.92$501
Jul 2016018741.622.92$547
Jun 201604,72945.352.69$12,701
May 201605,81042.521.99$11,568
Apr 201605,11236.561.99$10,178
Mar 201603,65933.011.79$6,564
Feb 201605,07126.472.06$10,465
Jan 201604,89027.352.36$11,562
Dec 201503,29132.362.00$6,587
Nov 2015030638.792.17$663
Oct 201503,16443.552.43$7,678
Sep 201505,37742.992.76$14,832
Aug 2015136,03840.162.87$17,866
Jul 201505,85648.152.95$17,246
Jun 201505,88456.152.88$16,963
May 201506,29955.212.96$18,616
Apr 201506,19849.822.71$16,775
Mar 201507,05042.892.93$20,690
Feb 201505,59144.662.98$16,640
Jan 201506,64343.433.10$20,597
Dec 201406,44454.693.59$23,143
Nov 201406,52270.464.25$27,731
Oct 201406,81078.303.90$26,566
Sep 201406,42086.164.05$25,972
Aug 201406,90489.394.04$27,858
Jul 201407,20096.564.18$30,093
Jun 201406,53498.164.74$30,951
May 201406,49394.734.73$30,690
Apr 201406,80095.944.81$32,702
Mar 201407,97395.895.06$40,318
Feb 201406,62697.406.19$41,028
Jan 201407,08090.404.86$34,414
Dec 201307,34991.824.35$32,001
Nov 201306,68188.853.74$24,975
Oct 201307,54397.423.78$28,508
Sep 201307,529104.113.72$27,991
Aug 201307,688104.253.52$27,082
Jul 201307,879102.523.72$29,292
Jun 201307,70994.403.93$30,323
May 201308,20994.834.15$34,060
Apr 201307,76993.964.28$33,271
Mar 201308,26393.623.91$32,332
Feb 201307,41291.233.42$25,348
Jan 201308,48191.603.42$29,004
Dec 201208,11686.773.42$27,758
Nov 201207,58186.953.62$27,481
Oct 201208,53289.383.40$29,006
Sep 201208,38494.672.92$24,468
Aug 201208,74592.662.91$25,432
Jul 201208,80885.133.02$26,607
Jun 201208,98679.822.52$22,636
May 201209,49391.612.49$23,622
Apr 201209,245101.652.00$18,460
Mar 201209,423105.052.22$20,939
Feb 201209,141101.102.57$23,495
Jan 201208,80798.092.73$24,079
Dec 201109,00396.873.24$29,167
Nov 201109,46695.723.31$31,345
Oct 2011010,08284.983.65$36,785
Sep 201109,81883.623.99$39,133
Aug 201109,78883.404.15$40,614
Jul 201109,40994.144.52$42,503
Jun 201109,22492.904.64$42,798
May 201109,80798.134.40$43,198
Apr 2011010,161105.964.33$44,030
Mar 2011010,21296.364.06$41,434
Feb 201109,63285.644.18$40,262
Jan 2011010,44486.504.59$47,925
Dec 2010010,74185.734.35$46,699
Nov 2010010,89280.843.80$41,339
Oct 2010011,50178.103.51$40,356
Sep 2010011,69572.633.98$46,540
Aug 2010011,27573.684.42$49,828
Jul 201013,82072.554.74$18,166
Jun 201004,30170.364.91$21,120
May 2010011,01371.124.24$46,642
Apr 2010010,84381.694.12$44,702
Mar 2010011,12078.394.39$48,802
Feb 2010010,04473.585.44$54,663
Jan 2010011,11274.365.96$66,273
Dec 2009014,16271.445.48$77,661
Nov 2009016,46274.593.75$61,757
Oct 2009017,08872.544.11$70,236
Sep 2009017,92065.543.06$54,920
Aug 2009017,46767.423.22$56,218
Jul 2009020,52861.133.46$71,119
Jun 2009020,15666.163.90$78,508
May 2009022,03554.743.93$86,504
Apr 2009022,94246.773.59$82,304
Mar 2009017,36042.144.06$70,464
Feb 2009120,36332.814.63$94,375
Jan 2009323,59135.865.37$126,815
Dec 2008124,59137.105.98$147,021
Nov 2008325,72555.496.86$176,649
Oct 2008028,19475.246.92$195,158
Sep 2008029,535101.767.88$232,650
Aug 2008032,194114.228.48$273,102
Jul 2008034,650131.0811.39$394,644
Jun 2008030,954131.3313.03$403,412
May 2008056,478123.1711.57$653,693
Apr 2008068,377110.3110.45$714,872
Mar 2008096,689101.909.66$934,409
Feb 20080165,97292.538.77$1,455,671
Jan 2008043,72690.388.21$358,804
Dec 2007016,07088.337.30$117,343
Nov 2007027,40891.677.29$199,851
Oct 200705,40082.856.92$37,379

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                   28 Mcf  × $  3.05 =        $85

────────────────────────────────────────────────────
Month total                                      $85

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/234312 is the state's own key, not one this site invented.