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 241659District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.8 M
Apr 2008 – May 2026
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
218
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 Gas112009-04-09190714
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
CondensateDisposition18 bbl$1,776
GasProduction553,124 Mcf$2,767,006
Total$2,768,782

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 31.4732, -96.3419. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47320, -96.34191 · 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
14,714 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 14,714 ft.

Completions filed
Jul 2014
1 of 1 wells

1 well

42-293320582014,714 ftJul 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 (218)

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

218 months

May 20260314106.413.05$956
Apr 2026034198.932.87$979
Mar 2026046089.753.15$1,449
Feb 2026049463.503.75$1,853
Jan 2026044159.138.00$3,527
Dec 2025044156.664.41$1,946
Nov 2025045758.593.93$1,794
Oct 2025050559.383.30$1,669
Sep 2025045762.743.08$1,406
Aug 2025048663.933.01$1,465
Jul 2025048766.743.32$1,615
Jun 2025047866.483.13$1,496
May 2025048860.553.23$1,577
Apr 2025047362.363.54$1,676
Mar 2025049367.704.27$2,104
Feb 2025046870.884.34$2,032
Jan 2025053674.324.28$2,293
Dec 2024051568.993.12$1,608
Nov 2024049869.052.20$1,095
Oct 2024049071.372.28$1,118
Sep 2024042069.612.36$993
Aug 2024055975.632.06$1,154
Jul 2024058179.932.15$1,247
Jun 2024057878.082.63$1,522
May 2024059278.812.20$1,301
Apr 2024057284.451.66$949
Mar 2024058580.301.55$904
Feb 2024054476.091.78$970
Jan 2024059273.023.30$1,952
Dec 2023061071.262.61$1,593
Nov 2023061977.892.81$1,738
Oct 2023063385.443.09$1,954
Sep 2023063889.042.74$1,745
Aug 2023062980.522.67$1,681
Jul 2023068774.852.64$1,815
Jun 2023088768.962.26$2,003
May 202301,06370.622.23$2,368
Apr 2023097978.122.24$2,191
Mar 20230072.852.39$0
Feb 2023067975.112.47$1,674
Jan 202301,04676.533.39$3,544
Dec 2022067776.415.73$3,879
Nov 2022044785.005.65$2,524
Oct 2022091087.185.86$5,336
Sep 202201,04584.888.16$8,531
Aug 202201,14494.529.13$10,441
Jul 202201,145101.587.54$8,636
Jun 202201,009115.097.98$8,049
May 20220948109.378.43$7,995
Apr 202201,080104.226.84$7,385
Mar 202201,031108.885.08$5,234
Feb 202201,02291.054.86$4,966
Jan 202201,09681.844.54$4,973
Dec 202101,10571.323.90$4,309
Nov 202101,25877.435.24$6,588
Oct 202101,24979.795.71$7,137
Sep 202101,09569.865.35$5,859
Aug 202101,15266.024.22$4,862
Jul 202101,22970.783.98$4,894
Jun 202101,31469.493.38$4,442
May 202101,39863.483.02$4,219
Apr 202101,20060.362.76$3,310
Mar 202101,16761.302.72$3,171
Feb 2021090357.805.55$5,010
Jan 202101,18550.412.81$3,330
Dec 202001,25044.642.68$3,344
Nov 202001,25238.772.71$3,389
Oct 202001,36036.972.48$3,371
Sep 202001,37137.091.99$2,730
Aug 202001,34739.982.39$3,213
Jul 202001,32938.371.83$2,426
Jun 202001,23834.901.69$2,093
May 202001,07716.921.81$1,954
Apr 202001,00214.751.80$1,808
Mar 202001,21130.341.86$2,248
Feb 2020082749.881.98$1,638
Jan 2020075657.252.09$1,584
Dec 201901,03559.012.30$2,385
Nov 201901,13455.302.75$3,119
Oct 201901,13653.472.42$2,747
Sep 201901,11355.052.66$2,958
Aug 201901,06353.112.30$2,450
Jul 201901,15856.272.46$2,849
Jun 201901,15052.782.49$2,865
May 201901,04758.482.74$2,869
Apr 201901,05862.632.75$2,910
Mar 201901,15756.803.06$3,543
Feb 2019099850.852.79$2,787
Jan 201901,20746.033.23$3,896
Dec 201801,37146.594.19$5,738
Nov 201801,31252.934.24$5,559
Oct 201801,49361.443.40$5,073
Sep 201801,56059.543.11$4,848
Aug 201801,49559.403.07$4,585
Jul 201811,45465.142.93$4,328
Jun 201801,58760.183.08$4,883
May 201801,71265.382.90$4,966
Apr 201801,56463.842.90$4,537
Mar 201801,56761.222.79$4,367
Feb 201801,30561.782.77$3,610
Jan 201801,52362.874.01$6,106
Dec 201701,50957.272.92$4,409
Nov 201701,47555.423.12$4,600
Oct 201701,62949.292.98$4,860
Sep 201701,58447.523.09$4,890
Aug 201701,63145.373.00$4,900
Jul 201701,49543.873.09$4,615
Jun 201701,70042.493.09$5,248
May 201711,68845.373.26$5,554
Apr 201701,74147.933.21$5,591
Mar 201701,42146.772.98$4,240
Feb 201701,49450.452.95$4,411
Jan 201701,72449.413.42$5,894
Dec 201601,74048.763.72$6,478
Nov 201601,79342.492.64$4,741
Oct 201601,88146.193.09$5,813
Sep 201601,77041.553.10$5,488
Aug 201601,86641.442.92$5,457
Jul 201601,90141.622.92$5,559
Jun 201601,85345.352.69$4,977
May 201601,92642.521.99$3,835
Apr 201601,88636.561.99$3,755
Mar 201602,05433.011.79$3,685
Feb 201601,92826.472.06$3,979
Jan 201602,06127.352.36$4,873
Dec 201502,10832.362.00$4,219
Nov 201502,13638.792.17$4,629
Oct 201502,12943.552.43$5,166
Sep 201502,10742.992.76$5,812
Aug 201502,24840.162.87$6,457
Jul 201502,18648.152.95$6,438
Jun 201502,35256.152.88$6,780
May 201502,42555.212.96$7,167
Apr 201502,52849.822.71$6,842
Mar 201502,53642.892.93$7,442
Feb 201502,32844.662.98$6,929
Jan 201502,66743.433.10$8,269
Dec 201402,79054.693.59$10,020
Nov 201402,53770.464.25$10,787
Oct 201402,99878.303.90$11,695
Sep 201403,24386.164.05$13,119
Aug 201402,98389.394.04$12,037
Jul 2014095196.564.18$3,975
Jun 201402,05398.164.74$9,725
May 201401,98994.734.73$9,401
Apr 201401,93195.944.81$9,286
Mar 201401,54095.895.06$7,787
Feb 201401,76497.406.19$10,923
Jan 201401,90790.404.86$9,269
Dec 201302,07391.824.35$9,027
Nov 201301,83188.853.74$6,845
Oct 201302,23297.423.78$8,436
Sep 2013161,946104.113.72$8,900
Aug 201302,019104.253.52$7,112
Jul 201302,369102.523.72$8,807
Jun 201301,92694.403.93$7,576
May 201301,93694.834.15$8,033
Apr 201302,00293.964.28$8,574
Mar 201302,33393.623.91$9,129
Feb 201302,23391.233.42$7,637
Jan 201302,62991.603.42$8,991
Dec 201202,48286.773.42$8,489
Nov 201202,00686.953.62$7,272
Oct 201202,37689.383.40$8,078
Sep 201202,34494.672.92$6,841
Aug 201202,47092.662.91$7,183
Jul 201202,78885.133.02$8,422
Jun 201202,71279.822.52$6,832
May 201202,94591.612.49$7,328
Apr 201202,916101.652.00$5,823
Mar 201202,823105.052.22$6,273
Feb 201202,581101.102.57$6,634
Jan 201202,93998.092.73$8,035
Dec 201103,04896.873.24$9,875
Nov 201103,00195.723.31$9,937
Oct 201103,09484.983.65$11,289
Sep 201103,09683.623.99$12,340
Aug 201103,34183.404.15$13,863
Jul 201103,25494.144.52$14,699
Jun 201103,00292.904.64$13,929
May 201103,21298.134.40$14,148
Apr 201103,197105.964.33$13,854
Mar 201103,28496.364.06$13,324
Feb 201103,07485.644.18$12,849
Jan 201103,62186.504.59$16,616
Dec 201003,63385.734.35$15,795
Nov 201003,87080.843.80$14,688
Oct 201004,12978.103.51$14,488
Sep 201004,03072.633.98$16,037
Aug 201004,70573.684.42$20,793
Jul 201004,99472.554.74$23,654
Jun 201004,77870.364.91$23,462
May 201003,29671.124.24$13,959
Apr 201003,32781.694.12$13,716
Mar 201004,90978.394.39$21,544
Feb 201005,05073.585.44$27,484
Jan 201005,64774.365.96$33,679
Dec 200905,25971.445.48$28,839
Nov 200907,06974.593.75$26,519
Oct 200907,88872.544.11$32,422
Sep 200907,09365.543.06$21,738
Aug 200907,04167.423.22$22,661
Jul 200906,73761.133.46$23,340
Jun 200906,58166.163.90$25,633
May 200907,25154.743.93$28,466
Apr 200907,72546.773.59$27,713
Mar 200908,67142.144.06$35,196
Feb 200908,34332.814.63$38,653
Jan 200908,82635.865.37$47,404
Dec 2008010,83037.105.98$64,732
Nov 2008011,66855.496.86$80,047
Oct 2008013,72875.246.92$95,025
Sep 2008016,318101.767.88$128,538
Aug 2008018,661114.228.48$158,302
Jul 2008020,297131.0811.39$231,171
Jun 2008014,332131.3313.03$186,784
May 2008020,588123.1711.57$238,291
Apr 20080686110.3110.45$7,172

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                  314 Mcf  × $  3.05 =       $956

────────────────────────────────────────────────────
Month total                                     $956

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/241659 is the state's own key, not one this site invented.