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 240377District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.8 M
Dec 2007 – May 2026
Value, last 12 filed months
$42 k
at the published price for each month
Months reported
222
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 Gas112008-10-23186504
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
CondensateDisposition40 bbl$3,116
GasProduction735,937 Mcf$3,783,123
Total$3,786,239

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 31.4704, -96.3375. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47039, -96.33755 · 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
13,300 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 13,300 ft.

Completions filed
Dec 2007
1 of 1 wells

1 well

42-293320141713,300 ftDec 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 (222)

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

222 months

May 202601,059106.413.05$3,226
Apr 202601,01498.932.87$2,910
Mar 202601,06689.753.15$3,357
Feb 2026086663.503.75$3,248
Jan 2026094559.138.00$7,558
Dec 2025094556.664.41$4,171
Nov 2025093458.593.93$3,667
Oct 2025097559.383.30$3,222
Sep 2025091962.743.08$2,828
Aug 2025087963.933.01$2,650
Jul 2025088566.743.32$2,934
Jun 2025077266.483.13$2,415
May 2025075260.553.23$2,431
Apr 2025086662.363.54$3,068
Mar 2025051467.704.27$2,194
Feb 2025048570.884.34$2,105
Jan 2025083074.324.28$3,551
Dec 202403,66168.993.12$11,427
Nov 202402,91269.052.20$6,402
Oct 202402,74371.372.28$6,258
Sep 202402,32969.612.36$5,507
Aug 202401,41875.632.06$2,926
Jul 202401,35479.932.15$2,906
Jun 202401,15678.082.63$3,045
May 2024094378.812.20$2,073
Apr 202401,07684.451.66$1,785
Mar 202401,15380.301.55$1,782
Feb 202401,12476.091.78$2,005
Jan 202401,04573.023.30$3,446
Dec 202301,22171.262.61$3,188
Nov 202301,31977.892.81$3,703
Oct 202301,58185.443.09$4,881
Sep 202301,37289.042.74$3,752
Aug 202301,20580.522.67$3,221
Jul 202301,65774.852.64$4,377
Jun 202301,48868.962.26$3,361
May 2023077470.622.23$1,724
Apr 2023087878.122.24$1,965
Mar 20230072.852.39$0
Feb 2023093675.112.47$2,308
Jan 202301,01776.533.39$3,445
Dec 2022077476.415.73$4,434
Nov 2022055385.005.65$3,122
Oct 202201,20587.185.86$7,066
Sep 2022076284.888.16$6,221
Aug 202201,23394.529.13$11,254
Jul 202201,454101.587.54$10,966
Jun 202201,325115.097.98$10,570
May 202201,404109.378.43$11,840
Apr 202201,624104.226.84$11,104
Mar 20220812108.885.08$4,122
Feb 202201,86591.054.86$9,062
Jan 202201,15181.844.54$5,223
Dec 202101,18571.323.90$4,620
Nov 2021087277.435.24$4,567
Oct 2021057579.795.71$3,285
Sep 202101,05369.865.35$5,635
Aug 202101,25566.024.22$5,297
Jul 202101,42070.783.98$5,655
Jun 202101,33569.493.38$4,513
May 202101,55363.483.02$4,686
Apr 202101,07460.362.76$2,963
Mar 202101,73761.302.72$4,719
Feb 202101,54857.805.55$8,588
Jan 202101,29850.412.81$3,648
Dec 202002,05244.642.68$5,490
Nov 202002,29838.772.71$6,220
Oct 202002,39836.972.48$5,943
Sep 202002,75537.091.99$5,485
Aug 202001,28639.982.39$3,067
Jul 2020079338.371.83$1,447
Jun 2020081034.901.69$1,369
May 2020086216.921.81$1,564
Apr 202001,16814.751.80$2,108
Mar 2020075430.341.86$1,400
Feb 2020090649.881.98$1,794
Jan 2020072157.252.09$1,510
Dec 201901,30659.012.30$3,009
Nov 201901,39455.302.75$3,834
Oct 201901,40653.472.42$3,400
Sep 201901,40155.052.66$3,723
Aug 201901,49853.112.30$3,452
Jul 201901,50356.272.46$3,697
Jun 201901,30952.782.49$3,261
May 201901,59858.482.74$4,379
Apr 201901,56062.632.75$4,291
Mar 201901,39456.803.06$4,269
Feb 201901,13750.852.79$3,175
Jan 201901,22346.033.23$3,948
Dec 201801,23546.594.19$5,169
Nov 201801,20752.934.24$5,114
Oct 201801,22261.443.40$4,152
Sep 201801,84659.543.11$5,737
Aug 201801,92659.403.07$5,906
Jul 201871,76365.142.93$5,625
Jun 201801,93060.183.08$5,938
May 201802,03965.382.90$5,915
Apr 201801,95163.842.90$5,659
Mar 201802,01261.222.79$5,607
Feb 201801,81961.782.77$5,032
Jan 201802,05462.874.01$8,235
Dec 201701,94457.272.92$5,679
Nov 201701,99455.423.12$6,218
Oct 201702,11749.292.98$6,316
Sep 201701,82547.523.09$5,634
Aug 201702,12245.373.00$6,375
Jul 201702,07143.873.09$6,394
Jun 201702,38042.493.09$7,348
May 201702,22545.373.26$7,261
Apr 201702,21547.933.21$7,114
Mar 201701,40446.772.98$4,189
Feb 201701,10850.452.95$3,271
Jan 201702,09949.413.42$7,176
Dec 201602,09848.763.72$7,811
Nov 201602,05742.492.64$5,439
Oct 201602,08146.193.09$6,431
Sep 201602,06841.553.10$6,412
Aug 201602,13041.442.92$6,229
Jul 201602,14941.622.92$6,284
Jun 201602,08445.352.69$5,597
May 201602,22142.521.99$4,422
Apr 201601,84236.561.99$3,668
Mar 201602,26733.011.79$4,067
Feb 201602,08626.472.06$4,305
Jan 201602,24827.352.36$5,315
Dec 201502,51432.362.00$5,032
Nov 201502,46138.792.17$5,334
Oct 201502,19643.552.43$5,329
Sep 201502,29642.992.76$6,333
Aug 201502,18440.162.87$6,274
Jul 201502,26148.152.95$6,659
Jun 201502,51456.152.88$7,248
May 201502,40955.212.96$7,120
Apr 201502,49649.822.71$6,756
Mar 201502,60142.892.93$7,633
Feb 201502,40144.662.98$7,146
Jan 201502,70343.433.10$8,381
Dec 201402,87454.693.59$10,322
Nov 201402,59670.464.25$11,038
Oct 201401,99078.303.90$7,763
Sep 201402,63486.164.05$10,656
Aug 201402,55789.394.04$10,318
Jul 201402,62996.564.18$10,988
Jun 201402,30798.164.74$10,928
May 201402,72994.734.73$12,899
Apr 201402,85895.944.81$13,744
Mar 201402,96895.895.06$15,009
Feb 201402,63997.406.19$16,341
Jan 201482,85790.404.86$14,610
Dec 201303,19191.824.35$13,895
Nov 201302,43288.853.74$9,092
Oct 201303,28797.423.78$12,423
Sep 201302,796104.113.72$10,395
Aug 201303,079104.253.52$10,846
Jul 201303,323102.523.72$12,354
Jun 201303,04994.403.93$11,993
May 201303,14294.834.15$13,036
Apr 201303,39593.964.28$14,539
Mar 201303,53693.623.91$13,836
Feb 201303,16591.233.42$10,824
Jan 201303,54191.603.42$12,110
Dec 201203,47986.773.42$11,899
Nov 201203,47286.953.62$12,586
Oct 201203,60589.383.40$12,256
Sep 201203,69794.672.92$10,789
Aug 201203,74692.662.91$10,894
Jul 201204,32285.133.02$13,056
Jun 201204,25279.822.52$10,711
May 201234,78791.612.49$12,186
Apr 201203,953101.652.00$7,893
Mar 201203,790105.052.22$8,422
Feb 201203,635101.102.57$9,343
Jan 201204,09098.092.73$11,182
Dec 201104,35296.873.24$14,099
Nov 201103,52195.723.31$11,659
Oct 201103,73484.983.65$13,624
Sep 201104,19983.623.99$16,736
Aug 201104,84383.404.15$20,095
Jul 201105,28294.144.52$23,860
Jun 201103,78892.904.64$17,576
May 201103,50598.134.40$15,439
Apr 201104,584105.964.33$19,864
Mar 201104,97296.364.06$20,173
Feb 201104,70785.644.18$19,675
Jan 201105,25286.504.59$24,100
Dec 201005,21585.734.35$22,674
Nov 201004,58480.843.80$17,398
Oct 201005,46778.103.51$19,183
Sep 201005,62972.633.98$22,400
Aug 201005,99773.684.42$26,503
Jul 201016,11572.554.74$29,036
Jun 201026,16270.364.91$30,399
May 201046,54071.124.24$27,983
Apr 201046,47381.694.12$27,013
Mar 201076,68178.394.39$29,869
Feb 201006,62573.585.44$36,056
Jan 201036,36674.365.96$38,190
Dec 200906,60871.445.48$36,237
Nov 200907,36574.593.75$27,630
Oct 200909,00272.544.11$37,000
Sep 200918,56065.543.06$26,300
Aug 200908,25567.423.22$26,569
Jul 200908,29261.133.46$28,728
Jun 200908,48266.163.90$33,037
May 200908,58654.743.93$33,706
Apr 200908,87246.773.59$31,828
Mar 200909,02542.144.06$36,632
Feb 200904,14232.814.63$19,190
Jan 200904,36535.865.37$23,444
Dec 200805,24237.105.98$31,332
Nov 200804,66955.496.86$32,031
Oct 200805,94675.246.92$41,158
Sep 2008012,496101.767.88$98,432
Aug 2008014,349114.228.48$121,723
Jul 200808,846131.0811.39$100,751
Jun 2008011,073131.3313.03$144,310
May 2008019,776123.1711.57$228,893
Apr 2008021,991110.3110.45$229,913
Mar 2008021,368101.909.66$206,502
Feb 2008025,34492.538.77$222,282
Jan 2008040,60190.388.21$333,161
Dec 200701,14588.337.30$8,361

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                1,059 Mcf  × $  3.05 =     $3,226

────────────────────────────────────────────────────
Month total                                   $3,226

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/240377 is the state's own key, not one this site invented.