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 241658District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.9 M
May 2008 – May 2026
Value, last 12 filed months
$56 k
at the published price for each month
Months reported
217
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 Gas112009-04-09190711
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
CondensateDisposition23 bbl$1,927
GasProduction842,855 Mcf$3,908,357
Total$3,910,284

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 31.4701, -96.3332. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47013, -96.33324 · 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
12,831 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 12,831 ft.

Completions filed
May 2008
1 of 1 wells

1 well

42-293320932312,831 ftMay 2008

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 (217)

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

217 months

May 202601,941106.413.05$5,912
Apr 202601,67998.932.87$4,818
Mar 202601,50689.753.15$4,743
Feb 202601,18463.503.75$4,440
Jan 2026086559.138.00$6,918
Dec 2025086556.664.41$3,818
Nov 2025069558.593.93$2,729
Oct 2025078559.383.30$2,594
Sep 202501,54862.743.08$4,763
Aug 202501,60363.933.01$4,833
Jul 202501,66266.743.32$5,510
Jun 202501,70366.483.13$5,328
May 202501,77660.553.23$5,741
Apr 202501,70062.363.54$6,023
Mar 202501,82667.704.27$7,794
Feb 202501,70870.884.34$7,414
Jan 202501,89574.324.28$8,108
Dec 202401,56868.993.12$4,894
Nov 202401,32369.052.20$2,909
Oct 202401,40771.372.28$3,210
Sep 202401,24569.612.36$2,944
Aug 202401,34975.632.06$2,784
Jul 202401,30179.932.15$2,793
Jun 202401,31278.082.63$3,456
May 202401,28078.812.20$2,814
Apr 202401,18884.451.66$1,971
Mar 202401,19580.301.55$1,846
Feb 202401,15476.091.78$2,058
Jan 202401,24473.023.30$4,102
Dec 202301,24371.262.61$3,245
Nov 202301,21277.892.81$3,403
Oct 202301,16885.443.09$3,606
Sep 2023075889.042.74$2,073
Aug 2023075580.522.67$2,018
Jul 2023068774.852.64$1,815
Jun 2023068768.962.26$1,552
May 2023071370.622.23$1,588
Apr 2023069178.122.24$1,546
Mar 20230072.852.39$0
Feb 202301,61375.112.47$3,977
Jan 202301,82176.533.39$6,169
Dec 202201,94876.415.73$11,160
Nov 202201,32085.005.65$7,453
Oct 202201,41487.185.86$8,291
Sep 202201,40684.888.16$11,478
Aug 202201,50794.529.13$13,755
Jul 202201,573101.587.54$11,864
Jun 202202,192115.097.98$17,486
May 202203,466109.378.43$29,229
Apr 202201,982104.226.84$13,552
Mar 20220924108.885.08$4,691
Feb 202201,00191.054.86$4,864
Jan 202202,12081.844.54$9,620
Dec 202101,81371.323.90$7,069
Nov 202101,59477.435.24$8,348
Oct 202101,84579.795.71$10,542
Sep 202101,54369.865.35$8,256
Aug 202102,65066.024.22$11,185
Jul 202101,45670.783.98$5,798
Jun 202101,06469.493.38$3,597
May 202101,97963.483.02$5,972
Apr 202101,29860.362.76$3,580
Mar 202102,02361.302.72$5,496
Feb 202101,06257.805.55$5,892
Jan 202101,85250.412.81$5,205
Dec 202001,92544.642.68$5,150
Nov 202001,91738.772.71$5,188
Oct 202001,97836.972.48$4,902
Sep 202002,01637.091.99$4,014
Aug 202001,99239.982.39$4,751
Jul 202001,91138.371.83$3,488
Jun 202001,42834.901.69$2,414
May 202002,09516.921.81$3,802
Apr 202001,97814.751.80$3,569
Mar 202001,47530.341.86$2,738
Feb 202001,89949.881.98$3,761
Jan 202002,00857.252.09$4,206
Dec 201902,11959.012.30$4,883
Nov 201902,12155.302.75$5,834
Oct 201901,89653.472.42$4,586
Sep 201902,19155.052.66$5,822
Aug 201902,25853.112.30$5,203
Jul 201902,17856.272.46$5,358
Jun 201902,14052.782.49$5,331
May 201902,40258.482.74$6,582
Apr 201902,69862.632.75$7,421
Mar 201901,38056.803.06$4,226
Feb 201902,33250.852.79$6,511
Jan 201902,99246.033.23$9,659
Dec 201801,76646.594.19$7,391
Nov 2018027652.934.24$1,169
Oct 201802,59161.443.40$8,804
Sep 201802,59659.543.11$8,068
Aug 201802,42559.403.07$7,436
Jul 2018122,47765.142.93$8,044
Jun 201801,50160.183.08$4,618
May 201802,41365.382.90$7,000
Apr 201802,72763.842.90$7,910
Mar 201802,54661.222.79$7,095
Feb 201802,33461.782.77$6,456
Jan 201802,73762.874.01$10,974
Dec 201702,58157.272.92$7,540
Nov 2017065855.423.12$2,052
Oct 2017071649.292.98$2,136
Sep 201702,14647.523.09$6,625
Aug 201702,57845.373.00$7,745
Jul 201702,47343.873.09$7,635
Jun 201702,64442.493.09$8,163
May 201702,62145.373.26$8,553
Apr 201702,67147.933.21$8,578
Mar 201702,41746.772.98$7,212
Feb 201702,54350.452.95$7,508
Jan 201702,88349.413.42$9,856
Dec 201603,19748.763.72$11,902
Nov 201602,13442.492.64$5,643
Oct 201602,93646.193.09$9,073
Sep 201603,08041.553.10$9,550
Aug 201602,22741.442.92$6,513
Jul 201602,82941.622.92$8,273
Jun 201602,85245.352.69$7,660
May 201603,00342.521.99$5,979
Apr 201602,97936.561.99$5,931
Mar 201603,22433.011.79$5,784
Feb 201602,98226.472.06$6,154
Jan 201603,23327.352.36$7,644
Dec 201503,35032.362.00$6,705
Nov 201503,08238.792.17$6,680
Oct 201503,06143.552.43$7,428
Sep 201503,04642.992.76$8,402
Aug 201503,35840.162.87$9,646
Jul 201503,20148.152.95$9,427
Jun 201503,40656.152.88$9,819
May 201503,52155.212.96$10,406
Apr 201503,58749.822.71$9,708
Mar 201503,75442.892.93$11,017
Feb 201503,50044.662.98$10,417
Jan 201504,06743.433.10$12,610
Dec 201404,08454.693.59$14,667
Nov 201403,88070.464.25$16,497
Oct 201404,18478.303.90$16,322
Sep 201404,60886.164.05$18,641
Aug 201405,32689.394.04$21,491
Jul 201403,07596.564.18$12,852
Jun 201401,74098.164.74$8,242
May 201402,03294.734.73$9,604
Apr 201402,18595.944.81$10,508
Mar 201402,28795.895.06$11,565
Feb 201401,91997.406.19$11,882
Jan 201402,47790.404.86$12,040
Dec 201304,36891.824.35$19,020
Nov 201303,74788.853.74$14,007
Oct 201304,08097.423.78$15,420
Sep 2013112,398104.113.72$10,060
Aug 201303,715104.253.52$13,087
Jul 201304,086102.523.72$15,191
Jun 201303,82594.403.93$15,045
May 201304,21494.834.15$17,484
Apr 201304,20193.964.28$17,991
Mar 201304,04293.623.91$15,816
Feb 201303,81091.233.42$13,030
Jan 201304,33991.603.42$14,839
Dec 201203,96586.773.42$13,561
Nov 201204,17586.953.62$15,134
Oct 201204,48889.383.40$15,258
Sep 201204,38094.672.92$12,783
Aug 201204,35692.662.91$12,668
Jul 201204,55385.133.02$13,754
Jun 201204,49079.822.52$11,310
May 201204,50891.612.49$11,217
Apr 201204,509101.652.00$9,004
Mar 201204,906105.052.22$10,902
Feb 201204,492101.102.57$11,546
Jan 201204,86498.092.73$13,299
Dec 201104,91996.873.24$15,936
Nov 201104,78195.723.31$15,831
Oct 201105,26184.983.65$19,195
Sep 201105,02683.623.99$20,033
Aug 201105,31683.404.15$22,058
Jul 201105,54494.144.52$25,044
Jun 201105,42992.904.64$25,190
May 201106,02998.134.40$26,557
Apr 201105,270105.964.33$22,836
Mar 201106,35896.364.06$25,797
Feb 201106,59785.644.18$27,575
Jan 201106,65286.504.59$30,525
Dec 201006,87485.734.35$29,886
Nov 201006,96980.843.80$26,450
Oct 201007,53578.103.51$26,439
Sep 201007,60672.633.98$30,268
Aug 201008,20973.684.42$36,279
Jul 201008,65172.554.74$40,975
Jun 201008,86870.364.91$43,545
May 201006,39271.124.24$27,072
Apr 201006,15981.694.12$25,392
Mar 201007,40578.394.39$32,498
Feb 201006,06273.585.44$32,992
Jan 201007,82374.365.96$46,657
Dec 200907,68771.445.48$42,154
Nov 200908,44174.593.75$31,666
Oct 200908,36572.544.11$34,382
Sep 200909,16865.543.06$28,098
Aug 200909,80867.423.22$31,567
Jul 2009010,74261.133.46$37,216
Jun 2009011,43966.163.90$44,555
May 2009012,47054.743.93$48,954
Apr 2009013,22546.773.59$47,445
Mar 2009014,33942.144.06$58,202
Feb 2009011,73332.814.63$54,359
Jan 2009015,32435.865.37$82,305
Dec 2008015,49737.105.98$92,628
Nov 2008014,92255.496.86$102,370
Oct 2008017,61175.246.92$121,903
Sep 2008019,774101.767.88$155,762
Aug 2008022,827114.228.48$193,642
Jul 2008019,994131.0811.39$227,720
Jun 2008023,723131.3313.03$309,173
May 2008010,578123.1711.57$122,433

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                1,941 Mcf  × $  3.05 =     $5,912

────────────────────────────────────────────────────
Month total                                   $5,912

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/241658 is the state's own key, not one this site invented.