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 247043District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.3 M
Apr 2008 – May 2026
Value, last 12 filed months
$74 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 Gas112009-06-16192135
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
CondensateDisposition69 bbl$5,245
GasProduction887,708 Mcf$4,280,512
Total$4,285,758

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 31.4707, -96.3438. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.47070, -96.34378 · 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
13,038 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 13,038 ft.

Completions filed
Mar 2014
1 of 1 wells

1 well

42-293320521913,038 ftMar 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 202601,230106.413.05$3,746
Apr 202601,41098.932.87$4,046
Mar 202601,67389.753.15$5,269
Feb 202601,57763.503.75$5,914
Jan 202601,77859.138.00$14,220
Dec 202501,77856.664.41$7,847
Nov 202501,62858.593.93$6,392
Oct 202501,77359.383.30$5,859
Sep 202501,52662.743.08$4,695
Aug 202501,73163.933.01$5,219
Jul 202501,95166.743.32$6,468
Jun 202501,39966.483.13$4,377
May 202501,71160.553.23$5,531
Apr 202501,61562.363.54$5,722
Mar 202501,80067.704.27$7,683
Feb 2025095870.884.34$4,159
Jan 202501,36574.324.28$5,840
Dec 202401,12868.993.12$3,521
Nov 202401,16669.052.20$2,563
Oct 202401,08771.372.28$2,480
Sep 202401,04969.612.36$2,480
Aug 202401,65775.632.06$3,419
Jul 202401,65179.932.15$3,544
Jun 202401,41078.082.63$3,714
May 202401,65978.812.20$3,647
Apr 202401,64184.451.66$2,723
Mar 202401,72080.301.55$2,658
Feb 202401,62376.091.78$2,895
Jan 202401,43973.023.30$4,745
Dec 202301,65271.262.61$4,313
Nov 202301,56877.892.81$4,402
Oct 202301,67785.443.09$5,177
Sep 202301,77389.042.74$4,849
Aug 202301,92480.522.67$5,143
Jul 202301,90374.852.64$5,027
Jun 202301,60668.962.26$3,627
May 202302,17870.622.23$4,851
Apr 202301,26978.122.24$2,840
Mar 20230072.852.39$0
Feb 202301,49175.112.47$3,676
Jan 202301,95576.533.39$6,623
Dec 202201,47776.415.73$8,462
Nov 202201,55885.005.65$8,797
Oct 202201,88687.185.86$11,059
Sep 202201,76384.888.16$14,393
Aug 202201,72494.529.13$15,735
Jul 202201,933101.587.54$14,579
Jun 202201,526115.097.98$12,173
May 202201,904109.378.43$16,057
Apr 202201,980104.226.84$13,538
Mar 202201,871108.885.08$9,498
Feb 202201,66191.054.86$8,071
Jan 202201,88181.844.54$8,535
Dec 202101,83771.323.90$7,163
Nov 202101,68377.435.24$8,814
Oct 202101,15379.795.71$6,588
Sep 202101,94669.865.35$10,413
Aug 202101,96266.024.22$8,281
Jul 202102,00870.783.98$7,996
Jun 202102,03169.493.38$6,866
May 202102,09263.483.02$6,313
Apr 202101,67660.362.76$4,623
Mar 202102,26661.302.72$6,157
Feb 202101,52457.805.55$8,455
Jan 202101,89850.412.81$5,334
Dec 202001,91844.642.68$5,132
Nov 202002,04738.772.71$5,540
Oct 202002,21836.972.48$5,497
Sep 202001,94637.091.99$3,875
Aug 202002,25939.982.39$5,388
Jul 202002,02938.371.83$3,703
Jun 202002,05234.901.69$3,469
May 202002,16116.921.81$3,922
Apr 202002,04714.751.80$3,694
Mar 202001,77330.341.86$3,291
Feb 202001,89249.881.98$3,747
Jan 202001,87357.252.09$3,923
Dec 201901,88159.012.30$4,335
Nov 201902,15455.302.75$5,925
Oct 201901,74753.472.42$4,225
Sep 201902,11655.052.66$5,623
Aug 201901,98953.112.30$4,583
Jul 201902,25856.272.46$5,555
Jun 201902,28252.782.49$5,685
May 201902,08958.482.74$5,725
Apr 201902,17962.632.75$5,994
Mar 201902,31056.803.06$7,073
Feb 201901,86250.852.79$5,199
Jan 201902,28046.033.23$7,360
Dec 201802,21346.594.19$9,262
Nov 201802,29252.934.24$9,712
Oct 201802,45561.443.40$8,342
Sep 201802,36359.543.11$7,344
Aug 201802,53459.403.07$7,771
Jul 2018292,17365.142.93$8,260
Jun 201802,40060.183.08$7,385
May 201802,47965.382.90$7,191
Apr 201802,50663.842.90$7,269
Mar 201802,52261.222.79$7,028
Feb 201802,27761.782.77$6,298
Jan 201802,48462.874.01$9,959
Dec 201702,45757.272.92$7,178
Nov 201702,51355.423.12$7,836
Oct 201702,64849.292.98$7,901
Sep 201702,66547.523.09$8,228
Aug 201702,76645.373.00$8,310
Jul 201702,59543.873.09$8,011
Jun 201702,79142.493.09$8,617
May 2017102,86645.373.26$9,807
Apr 201702,96347.933.21$9,516
Mar 201702,44146.772.98$7,283
Feb 201702,54250.452.95$7,506
Jan 201702,81649.413.42$9,627
Dec 201602,79548.763.72$10,405
Nov 201602,78042.492.64$7,351
Oct 201602,87746.193.09$8,891
Sep 201602,83541.553.10$8,790
Aug 201603,01741.442.92$8,823
Jul 201603,05641.622.92$8,937
Jun 201602,96845.352.69$7,972
May 201603,08442.521.99$6,140
Apr 201602,95736.561.99$5,888
Mar 201603,23533.011.79$5,804
Feb 201602,92126.472.06$6,028
Jan 201603,22227.352.36$7,618
Dec 201503,34532.362.00$6,695
Nov 201503,14038.792.17$6,805
Oct 201503,19343.552.43$7,748
Sep 201503,12042.992.76$8,606
Aug 201503,37140.162.87$9,683
Jul 201503,32148.152.95$9,781
Jun 201503,47056.152.88$10,004
May 201503,51155.212.96$10,377
Apr 201503,51049.822.71$9,500
Mar 201503,47442.892.93$10,195
Feb 201503,44944.662.98$10,265
Jan 201503,61043.433.10$11,193
Dec 201403,89254.693.59$13,978
Nov 201403,76570.464.25$16,008
Oct 201403,99478.303.90$15,580
Sep 201404,02386.164.05$16,275
Aug 201404,11389.394.04$16,596
Jul 201404,17996.564.18$17,467
Jun 201404,53898.164.74$21,496
May 201405,00994.734.73$23,675
Apr 201405,19095.944.81$24,959
Mar 201402,94295.895.06$14,877
Feb 201403,44797.406.19$21,344
Jan 201403,64590.404.86$17,717
Dec 201304,12291.824.35$17,949
Nov 201303,37488.853.74$12,613
Oct 201303,72797.423.78$14,086
Sep 2013192,837104.113.72$12,525
Aug 201303,524104.253.52$12,414
Jul 201303,102102.523.72$11,532
Jun 201302,79294.403.93$10,982
May 201302,83394.834.15$11,754
Apr 201302,80293.964.28$12,000
Mar 201303,11993.623.91$12,204
Feb 201302,73491.233.42$9,350
Jan 201303,10591.603.42$10,619
Dec 201292,92886.773.42$10,795
Nov 201202,94286.953.62$10,665
Oct 201203,30789.383.40$11,243
Sep 201203,45594.672.92$10,083
Aug 201203,85792.662.91$11,217
Jul 201203,93185.133.02$11,875
Jun 201204,12979.822.52$10,401
May 201204,54591.612.49$11,309
Apr 201204,289101.652.00$8,564
Mar 201204,300105.052.22$9,555
Feb 201204,639101.102.57$11,923
Jan 201205,13698.092.73$14,042
Dec 201105,19996.873.24$16,843
Nov 201105,53195.723.31$18,315
Oct 201105,76784.983.65$21,041
Sep 201105,39783.623.99$21,511
Aug 201105,72983.404.15$23,771
Jul 201105,71394.144.52$25,807
Jun 201105,48392.904.64$25,440
May 201106,28698.134.40$27,689
Apr 201106,211105.964.33$26,914
Mar 201106,55796.364.06$26,604
Feb 201105,95285.644.18$24,879
Jan 201106,82186.504.59$31,300
Dec 201007,00185.734.35$30,439
Nov 201007,05280.843.80$26,765
Oct 201007,52778.103.51$26,411
Sep 201007,29572.633.98$29,030
Aug 201007,85473.684.42$34,710
Jul 201018,22072.554.74$39,007
Jun 201008,43470.364.91$41,414
May 201018,67771.124.24$36,820
Apr 201007,64281.694.12$31,506
Mar 201007,11478.394.39$31,221
Feb 201007,18573.585.44$39,103
Jan 201008,47374.365.96$50,534
Dec 200908,28571.445.48$45,433
Nov 200908,44874.593.75$31,693
Oct 200909,34372.544.11$38,402
Sep 200909,59865.543.06$29,415
Aug 2009010,32467.423.22$33,228
Jul 2009010,81261.133.46$37,458
Jun 2009010,80966.163.90$42,101
May 2009011,66154.743.93$45,778
Apr 2009011,90846.773.59$42,720
Mar 2009012,20042.144.06$49,520
Feb 2009011,51232.814.63$53,335
Jan 2009013,88935.865.37$74,598
Dec 2008014,32437.105.98$85,617
Nov 2008014,44855.496.86$99,118
Oct 2008015,71075.246.92$108,744
Sep 2008016,994101.767.88$133,863
Aug 2008019,265114.228.48$163,425
Jul 2008018,699131.0811.39$212,971
Jun 2008021,149131.3313.03$275,627
May 2008031,020123.1711.57$359,034
Apr 2008017,171110.3110.45$179,520

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                1,230 Mcf  × $  3.05 =     $3,746

────────────────────────────────────────────────────
Month total                                   $3,746

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/247043 is the state's own key, not one this site invented.