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 237730District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.1 M
Feb 2008 – May 2026
Value, last 12 filed months
$40 k
at the published price for each month
Months reported
220
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 Gas112008-09-17185737
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
CondensateDisposition19 bbl$1,772
GasProduction1,205,274 Mcf$6,067,243
Total$6,069,015

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 31.4739, -96.3374. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47386, -96.33737 · 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
13,200 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 13,200 ft.

Completions filed
Nov 2014
1 of 1 wells

1 well

42-293320371813,200 ftNov 2014

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 (220)

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

220 months

May 20260818106.413.05$2,492
Apr 2026083298.932.87$2,388
Mar 2026087989.753.15$2,768
Feb 2026081963.503.75$3,072
Jan 2026096059.138.00$7,678
Dec 2025096056.664.41$4,237
Nov 2025089858.593.93$3,526
Oct 2025096559.383.30$3,189
Sep 2025088862.743.08$2,732
Aug 2025084963.933.01$2,560
Jul 2025084566.743.32$2,801
Jun 2025082066.483.13$2,566
May 2025083060.553.23$2,683
Apr 2025081762.363.54$2,895
Mar 202501,02167.704.27$4,358
Feb 202501,04070.884.34$4,514
Jan 202501,07974.324.28$4,617
Dec 202401,10068.993.12$3,434
Nov 202401,04869.052.20$2,304
Oct 202401,12171.372.28$2,557
Sep 202401,12869.612.36$2,667
Aug 202401,27475.632.06$2,629
Jul 202401,25079.932.15$2,683
Jun 202401,12778.082.63$2,969
May 202401,21078.812.20$2,660
Apr 202401,21284.451.66$2,011
Mar 202401,24980.301.55$1,930
Feb 2024095976.091.78$1,711
Jan 202401,81873.023.30$5,995
Dec 202301,17571.262.61$3,068
Nov 202301,17677.892.81$3,302
Oct 202301,20385.443.09$3,714
Sep 202301,17189.042.74$3,203
Aug 202301,25480.522.67$3,352
Jul 202301,26374.852.64$3,337
Jun 202301,28668.962.26$2,904
May 202301,37570.622.23$3,063
Apr 202301,38478.122.24$3,097
Mar 20230072.852.39$0
Feb 202301,97875.112.47$4,877
Jan 202301,79176.533.39$6,067
Dec 202202,15876.415.73$12,363
Nov 202202,14985.005.65$12,134
Oct 202201,86787.185.86$10,948
Sep 202201,87384.888.16$15,291
Aug 202202,22594.529.13$20,308
Jul 202202,134101.587.54$16,095
Jun 202201,754115.097.98$13,992
May 202201,988109.378.43$16,765
Apr 202202,437104.226.84$16,663
Mar 202202,235108.885.08$11,346
Feb 202201,72491.054.86$8,377
Jan 202202,78581.844.54$12,637
Dec 202102,08171.323.90$8,114
Nov 202102,08577.435.24$10,919
Oct 202102,35679.795.71$13,462
Sep 202102,46069.865.35$13,163
Aug 202102,37866.024.22$10,037
Jul 202102,56670.783.98$10,218
Jun 202102,50069.493.38$8,452
May 202102,11663.483.02$6,385
Apr 202102,48960.362.76$6,866
Mar 202102,88861.302.72$7,847
Feb 202101,91557.805.55$10,624
Jan 202102,57750.412.81$7,242
Dec 202002,84044.642.68$7,598
Nov 202002,67438.772.71$7,237
Oct 202002,48936.972.48$6,169
Sep 202002,78837.091.99$5,551
Aug 202002,72139.982.39$6,490
Jul 202003,23238.371.83$5,899
Jun 202003,21134.901.69$5,428
May 202002,98116.921.81$5,410
Apr 202001,83014.751.80$3,302
Mar 202002,60530.341.86$4,835
Feb 202002,54149.881.98$5,033
Jan 202002,78357.252.09$5,830
Dec 201902,90659.012.30$6,696
Nov 201902,89955.302.75$7,974
Oct 201902,69753.472.42$6,523
Sep 201902,75355.052.66$7,315
Aug 201902,91453.112.30$6,715
Jul 201903,03456.272.46$7,464
Jun 201902,95052.782.49$7,349
May 201902,33858.482.74$6,407
Apr 201901,95662.632.75$5,380
Mar 201901,83156.803.06$5,607
Feb 201901,64450.852.79$4,590
Jan 201901,85046.033.23$5,972
Dec 201802,01446.594.19$8,429
Nov 201802,33052.934.24$9,873
Oct 201801,94461.443.40$6,606
Sep 201802,56759.543.11$7,978
Aug 201802,86059.403.07$8,770
Jul 201822,41065.142.93$7,196
Jun 201802,73560.183.08$8,415
May 201802,83065.382.90$8,209
Apr 201802,75163.842.90$7,980
Mar 201802,78461.222.79$7,759
Feb 201802,49361.782.77$6,896
Jan 201802,74662.874.01$11,010
Dec 201702,86457.272.92$8,367
Nov 201702,86555.423.12$8,934
Oct 201702,97749.292.98$8,882
Sep 201702,93847.523.09$9,070
Aug 201702,97145.373.00$8,926
Jul 201703,00643.873.09$9,280
Jun 201703,18742.493.09$9,839
May 201703,07645.373.26$10,038
Apr 201703,10447.933.21$9,969
Mar 201702,73046.772.98$8,145
Feb 201702,89150.452.95$8,536
Jan 201703,06349.413.42$10,472
Dec 201603,17448.763.72$11,816
Nov 201603,32942.492.64$8,803
Oct 201603,45846.193.09$10,686
Sep 201603,43641.553.10$10,654
Aug 201603,83341.442.92$11,209
Jul 201602,98141.622.92$8,717
Jun 201603,18845.352.69$8,562
May 201603,27642.521.99$6,523
Apr 201603,52936.561.99$7,026
Mar 201604,14133.011.79$7,429
Feb 201603,85326.472.06$7,951
Jan 201604,00227.352.36$9,462
Dec 201504,28132.362.00$8,568
Nov 201504,08038.792.17$8,843
Oct 201504,07743.552.43$9,893
Sep 201504,06442.992.76$11,210
Aug 201504,37240.162.87$12,559
Jul 201504,34648.152.95$12,799
Jun 201504,41956.152.88$12,739
May 201504,67055.212.96$13,802
Apr 201504,67249.822.71$12,645
Mar 201504,26042.892.93$12,502
Feb 201503,93744.662.98$11,717
Jan 201503,83643.433.10$11,894
Dec 201404,65754.693.59$16,725
Nov 201403,98370.464.25$16,935
Oct 201403,85078.303.90$15,019
Sep 201404,25186.164.05$17,197
Aug 201404,12389.394.04$16,637
Jul 2014174,17996.564.18$19,108
Jun 201404,37698.164.74$20,729
May 201404,64494.734.73$21,950
Apr 201404,62695.944.81$22,247
Mar 201404,73395.895.06$23,934
Feb 201404,08997.406.19$25,319
Jan 201404,73490.404.86$23,011
Dec 201305,05991.824.35$22,029
Nov 201304,93288.853.74$18,437
Oct 201304,99497.423.78$18,874
Sep 201304,636104.113.72$17,235
Aug 201304,814104.253.52$16,958
Jul 201305,109102.523.72$18,994
Jun 201304,97394.403.93$19,561
May 201305,50694.834.15$22,845
Apr 201305,69593.964.28$24,389
Mar 201305,82293.623.91$22,781
Feb 201305,42291.233.42$18,543
Jan 201306,19491.603.42$21,183
Dec 201206,07686.773.42$20,781
Nov 201204,73486.953.62$17,161
Oct 201205,14689.383.40$17,495
Sep 201205,21994.672.92$15,231
Aug 201205,94892.662.91$17,298
Jul 201206,13085.133.02$18,518
Jun 201206,26079.822.52$15,769
May 201206,78191.612.49$16,873
Apr 201206,953101.652.00$13,884
Mar 201205,686105.052.22$12,635
Feb 201206,229101.102.57$16,010
Jan 201205,69298.092.73$15,562
Dec 201106,73596.873.24$21,820
Nov 201107,34295.723.31$24,311
Oct 201107,83984.983.65$28,601
Sep 201107,80483.623.99$31,105
Aug 201108,12783.404.15$33,722
Jul 201108,29094.144.52$37,448
Jun 201108,34392.904.64$38,711
May 201109,11798.134.40$40,159
Apr 201108,539105.964.33$37,002
Mar 201109,89996.364.06$40,164
Feb 201107,53085.644.18$31,475
Jan 201106,99986.504.59$32,117
Dec 201007,34285.734.35$31,921
Nov 201007,90380.843.80$29,994
Oct 201009,21578.103.51$32,334
Sep 201008,55972.633.98$34,060
Aug 201009,40273.684.42$41,551
Jul 201009,78272.554.74$46,332
Jun 201009,84370.364.91$48,333
May 2010010,52671.124.24$44,580
Apr 2010010,58781.694.12$43,647
Mar 2010011,50278.394.39$50,478
Feb 2010010,79973.585.44$58,772
Jan 2010012,49774.365.96$74,533
Dec 2009013,02471.445.48$71,420
Nov 2009013,31274.593.75$49,940
Oct 2009014,36872.544.11$59,056
Sep 2009014,60665.543.06$44,764
Aug 2009015,64367.423.22$50,347
Jul 2009016,44761.133.46$56,981
Jun 2009016,93666.163.90$65,966
May 2009018,17354.743.93$71,343
Apr 2009018,52746.773.59$66,466
Mar 2009020,33142.144.06$82,524
Feb 2009019,04732.814.63$88,245
Jan 2009022,67335.865.37$121,777
Dec 2008025,02237.105.98$149,560
Nov 2008025,35455.496.86$173,938
Oct 2008024,98475.246.92$172,939
Sep 2008027,912101.767.88$219,865
Aug 2008030,281114.228.48$256,874
Jul 2008031,708131.0811.39$361,136
Jun 2008028,700131.3313.03$374,036
May 2008029,319123.1711.57$339,347
Apr 2008022,549110.3110.45$235,747
Mar 2008022,594101.909.66$218,350
Feb 2008012,55992.538.77$110,150

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                  818 Mcf  × $  3.05 =     $2,492

────────────────────────────────────────────────────
Month total                                   $2,492

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/237730 is the state's own key, not one this site invented.