HUGH REED "A"

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the TEAGUE (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 245007District 05Field 88576304Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.4 M
Sep 2008 – May 2026
Value, last 12 filed months
$110 k
at the published price for each month
Months reported
213
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 1,075 leases and 1,075 wells, and the rule below applies to all of them.

Discovered
2006-06-06
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 2011-10-11.

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: REGULATORY PURPOSES.IT IS ORDERED THAT THE FIELD REMAIN SUSPENDED.

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 Gas112009-03-09189920
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
CondensateDisposition305 bbl$24,378
GasProduction573,781 Mcf$2,374,183
Total$2,398,561

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 31.7570, -96.1503. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.75703, -96.15028 · 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
12,688 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 12,688 ft.

Completions filed
Sep 2008
1 of 1 wells

1 well

42-16133623212,688 ftSep 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 (213)

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

213 months

May 202621,900106.413.05$6,000
Apr 202642,09998.932.87$6,419
Mar 202622,28289.753.15$7,367
Feb 202622,16163.503.75$8,231
Jan 202601,92259.138.00$15,372
Dec 202502,15156.664.41$9,493
Nov 202502,79758.593.93$10,982
Oct 202502,91259.383.30$9,624
Sep 202502,91762.743.08$8,975
Aug 202503,00663.933.01$9,062
Jul 202503,02666.743.32$10,032
Jun 202502,58566.483.13$8,088
May 202503,28060.553.23$10,602
Apr 202504,20562.363.54$14,899
Mar 202514,79767.704.27$20,543
Feb 202501,51370.884.34$6,568
Jan 202507674.324.28$325
Dec 202408168.993.12$253
Nov 202407669.052.20$167
Oct 202408171.372.28$185
Sep 202408469.612.36$199
Aug 2024014375.632.06$295
Jul 2024014879.932.15$318
Jun 202408078.082.63$211
May 2024011078.812.20$242
Apr 2024010484.451.66$173
Mar 2024010680.301.55$164
Feb 202409776.091.78$173
Jan 202409973.023.30$326
Dec 2023010871.262.61$282
Nov 2023010477.892.81$292
Oct 2023010085.443.09$309
Sep 2023010489.042.74$284
Aug 202308980.522.67$238
Jul 202304374.852.64$114
Jun 202302968.962.26$66
May 202303870.622.23$85
Apr 202308978.122.24$199
Mar 202302472.852.39$57
Feb 202305975.112.47$145
Jan 202305476.533.39$183
Dec 2022013476.415.73$768
Nov 202205785.005.65$322
Oct 202206487.185.86$375
Sep 2022011984.888.16$971
Aug 202207294.529.13$657
Jul 2022029101.587.54$219
Jun 2022061115.097.98$487
May 20220105109.378.43$885
Apr 2022093104.226.84$636
Mar 20220153108.885.08$777
Feb 2022010491.054.86$505
Jan 2022014881.844.54$672
Dec 202107271.323.90$281
Nov 202106177.435.24$319
Oct 2021016879.795.71$960
Sep 2021011769.865.35$626
Aug 2021018066.024.22$760
Jul 2021014970.783.98$593
Jun 2021018669.493.38$629
May 2021019363.483.02$582
Apr 2021015760.362.76$433
Mar 2021012061.302.72$326
Feb 2021015757.805.55$871
Jan 2021011150.412.81$312
Dec 202009444.642.68$251
Nov 202008938.772.71$241
Oct 2020013236.972.48$327
Sep 2020033937.091.99$675
Aug 2020038039.982.39$906
Jul 2020041038.371.83$748
Jun 2020043734.901.69$739
May 2020049316.921.81$895
Apr 2020033914.751.80$612
Mar 2020042430.341.86$787
Feb 2020050049.881.98$990
Jan 2020065657.252.09$1,374
Dec 2019086459.012.30$1,991
Nov 201901,66455.302.75$4,577
Oct 201901,83153.472.42$4,428
Sep 201901,86455.052.66$4,953
Aug 201901,99553.112.30$4,597
Jul 201902,21856.272.46$5,456
Jun 201901,60052.782.49$3,986
May 201901,40458.482.74$3,847
Apr 201901,46862.632.75$4,038
Mar 201901,91656.803.06$5,867
Feb 201901,83550.852.79$5,124
Jan 201902,08646.033.23$6,734
Dec 201801,21246.594.19$5,073
Nov 201801,46952.934.24$6,225
Oct 201801,17761.443.40$4,000
Sep 201801,68259.543.11$5,228
Aug 201801,95359.403.07$5,989
Jul 201801,73665.142.93$5,090
Jun 201801,97160.183.08$6,065
May 201801,98065.382.90$5,744
Apr 201802,18163.842.90$6,327
Mar 201802,80261.222.79$7,809
Feb 201801,52061.782.77$4,205
Jan 2018086562.874.01$3,468
Dec 201701,90657.272.92$5,568
Nov 201701,97555.423.12$6,159
Oct 201702,18949.292.98$6,531
Sep 201701,96747.523.09$6,073
Aug 201702,02345.373.00$6,078
Jul 201702,10443.873.09$6,496
Jun 201702,10342.493.09$6,493
May 201702,28445.373.26$7,454
Apr 201701,92047.933.21$6,166
Mar 201702,15946.772.98$6,442
Feb 201701,74650.452.95$5,155
Jan 201702,08049.413.42$7,111
Dec 201602,08448.763.72$7,758
Nov 201602,04042.492.64$5,394
Oct 201602,27046.193.09$7,015
Sep 201601,96241.553.10$6,083
Aug 201602,01841.442.92$5,901
Jul 201602,18841.622.92$6,398
Jun 201602,37045.352.69$6,365
May 201602,21142.521.99$4,402
Apr 201602,22636.561.99$4,432
Mar 201602,10133.011.79$3,769
Feb 201602,07726.472.06$4,286
Jan 201602,30827.352.36$5,457
Dec 201502,24432.362.00$4,491
Nov 201502,57738.792.17$5,585
Oct 201501,90043.552.43$4,611
Sep 201522,34842.992.76$6,563
Aug 201502,43740.162.87$7,000
Jul 201502,45548.152.95$7,230
Jun 201502,46056.152.88$7,092
May 201502,57355.212.96$7,604
Apr 201502,56149.822.71$6,932
Mar 201502,68142.892.93$7,868
Feb 201502,54944.662.98$7,586
Jan 201502,59643.433.10$8,049
Dec 201402,74954.693.59$9,873
Nov 201402,74970.464.25$11,688
Oct 201402,95678.303.90$11,531
Sep 201403,03486.164.05$12,274
Aug 201402,92189.394.04$11,787
Jul 201403,41896.564.18$14,286
Jun 201402,52298.164.74$11,946
May 201402,13194.734.73$10,072
Apr 201402,58295.944.81$12,417
Mar 2014072795.895.06$3,676
Feb 201402,38897.406.19$14,787
Jan 201401,46590.404.86$7,121
Dec 201302,62391.824.35$11,422
Nov 201304,12288.853.74$15,409
Oct 201301,93297.423.78$7,302
Sep 201301,661104.113.72$6,175
Aug 201302,280104.253.52$8,032
Jul 201302,590102.523.72$9,629
Jun 201303,05794.403.93$12,024
May 201303,03094.834.15$12,572
Apr 20131233,12893.964.28$24,953
Mar 201302,79993.623.91$10,952
Feb 201302,43591.233.42$8,327
Jan 201303,33491.603.42$11,402
Dec 201202,86286.773.42$9,789
Nov 201203,07586.953.62$11,147
Oct 201203,57789.383.40$12,161
Sep 201203,26994.672.92$9,540
Aug 201202,72492.662.91$7,922
Jul 201203,36885.133.02$10,174
Jun 201203,39079.822.52$8,540
May 201203,50291.612.49$8,714
Apr 201203,623101.652.00$7,234
Mar 201203,678105.052.22$8,173
Feb 201203,449101.102.57$8,865
Jan 201203,91698.092.73$10,707
Dec 201104,06696.873.24$13,173
Nov 201103,82195.723.31$12,652
Oct 201104,17184.983.65$15,218
Sep 201104,48383.623.99$17,868
Aug 201103,63383.404.15$15,074
Jul 201104,59594.144.52$20,757
Jun 201103,93492.904.64$18,253
May 201114,64198.134.40$20,541
Apr 201104,757105.964.33$20,613
Mar 201114,53096.364.06$18,476
Feb 201103,53085.644.18$14,755
Jan 201104,86586.504.59$22,324
Dec 201004,94485.734.35$21,495
Nov 201004,83680.843.80$18,354
Oct 201004,22978.103.51$14,839
Sep 201004,01972.633.98$15,993
Aug 201035,54473.684.42$24,722
Jul 201025,02072.554.74$23,922
Jun 201014,95670.364.91$24,406
May 201005,88971.124.24$24,941
Apr 201005,78981.694.12$23,866
Mar 201016,22878.394.39$27,411
Feb 201045,90973.585.44$32,453
Jan 201006,29574.365.96$37,544
Dec 200907,03171.445.48$38,556
Nov 200907,37874.593.75$27,679
Oct 200905,11272.544.11$21,012
Sep 200905,93265.543.06$18,180
Aug 200908,00167.423.22$25,751
Jul 200938,19561.133.46$28,575
Jun 200908,39566.163.90$32,699
May 200909,49754.743.93$37,283
Apr 200979,76246.773.59$35,349
Mar 20091611,82342.144.06$48,664
Feb 2009510,82332.814.63$50,307
Jan 20092415,76235.865.37$85,518
Dec 2008116,90037.105.98$101,051
Nov 20082310,67155.496.86$74,483
Oct 20082321,56675.246.92$151,010
Sep 20085425,416101.767.88$205,699

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             2 bbl  × $106.41 =       $213
Gas                1,900 Mcf  × $  3.05 =     $5,787

────────────────────────────────────────────────────
Month total                                   $6,000

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/245007 is the state's own key, not one this site invented.