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 251744District 05Field 32950285Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$917 k
Feb 2009 – May 2026
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
208
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 Gas112010-02-08197071
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
CondensateDisposition221 bbl$20,540
GasProduction240,912 Mcf$896,036
Total$916,575

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 31.4800, -96.3412. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.48000, -96.34121 · 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
13,007 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 13,007 ft.

Completions filed
Feb 2009
1 of 1 wells

1 well

42-293321322613,007 ftFeb 2009

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 (208)

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

208 months

May 20260160106.413.05$487
Apr 2026015498.932.87$442
Mar 2026020089.753.15$630
Feb 2026010963.503.75$409
Jan 2026017659.138.00$1,408
Dec 2025017656.664.41$777
Nov 2025012358.593.93$483
Oct 2025052059.383.30$1,719
Sep 2025035062.743.08$1,077
Aug 2025028063.933.01$844
Jul 2025035066.743.32$1,160
Jun 2025028066.483.13$876
May 2025030860.553.23$996
Apr 202508162.363.54$287
Mar 2025017367.704.27$738
Feb 2025017370.884.34$751
Jan 2025020874.324.28$890
Dec 2024019968.993.12$621
Nov 2024018969.052.20$416
Oct 2024021471.372.28$488
Sep 2024025069.612.36$591
Aug 2024043975.632.06$906
Jul 2024046879.932.15$1,005
Jun 2024046278.082.63$1,217
May 2024047078.812.20$1,033
Apr 2024049184.451.66$815
Mar 2024043480.301.55$671
Feb 2024040376.091.78$719
Jan 2024036673.023.30$1,207
Dec 2023026371.262.61$687
Nov 2023037077.892.81$1,039
Oct 2023046385.443.09$1,429
Sep 2023054189.042.74$1,480
Aug 2023047380.522.67$1,264
Jul 2023035474.852.64$935
Jun 2023049268.962.26$1,111
May 2023057170.622.23$1,272
Apr 2023049878.122.24$1,114
Mar 20230072.852.39$0
Feb 2023053775.112.47$1,324
Jan 2023058376.533.39$1,975
Dec 2022062976.415.73$3,604
Nov 2022059085.005.65$3,331
Oct 2022062587.185.86$3,665
Sep 2022064584.888.16$5,266
Aug 2022072794.529.13$6,635
Jul 20220811101.587.54$6,117
Jun 20220944115.097.98$7,530
May 20220868109.378.43$7,320
Apr 202200104.226.84$0
Mar 2022071108.885.08$360
Feb 202202291.054.86$107
Jan 202203881.844.54$172
Dec 2021034671.323.90$1,349
Nov 2021015877.435.24$827
Oct 202108479.795.71$480
Sep 202107569.865.35$401
Aug 2021015466.024.22$650
Jul 2021018370.783.98$729
Jun 2021030969.493.38$1,045
May 2021019763.483.02$594
Apr 2021022660.362.76$623
Mar 2021028161.302.72$763
Feb 2021030257.805.55$1,675
Jan 2021052850.412.81$1,484
Dec 2020058644.642.68$1,568
Nov 2020057038.772.71$1,543
Oct 2020059136.972.48$1,465
Sep 2020057737.091.99$1,149
Aug 2020059939.982.39$1,429
Jul 2020059838.371.83$1,091
Jun 2020058134.901.69$982
May 2020059616.921.81$1,082
Apr 2020058714.751.80$1,059
Mar 2020063530.341.86$1,179
Feb 2020059849.881.98$1,184
Jan 2020065257.252.09$1,366
Dec 2019066259.012.30$1,525
Nov 2019064755.302.75$1,780
Oct 2019064753.472.42$1,565
Sep 2019066255.052.66$1,759
Aug 2019068153.112.30$1,569
Jul 2019069656.272.46$1,712
Jun 2019068352.782.49$1,701
May 2019070358.482.74$1,926
Apr 2019069362.632.75$1,906
Mar 2019060656.803.06$1,856
Feb 2019059950.852.79$1,673
Jan 2019070646.033.23$2,279
Dec 2018071846.594.19$3,005
Nov 2018069152.934.24$2,928
Oct 2018074061.443.40$2,515
Sep 2018071859.543.11$2,232
Aug 2018077759.403.07$2,383
Jul 20186168365.142.93$5,976
Jun 2018074160.183.08$2,280
May 2018077265.382.90$2,239
Apr 2018076463.842.90$2,216
Mar 2018060861.222.79$1,694
Feb 2018069861.782.77$1,931
Jan 2018078462.874.01$3,143
Dec 2017077057.272.92$2,250
Nov 2017077255.423.12$2,407
Oct 2017080649.292.98$2,405
Sep 2017077747.523.09$2,399
Aug 2017081945.373.00$2,461
Jul 2017082843.873.09$2,556
Jun 2017086642.493.09$2,674
May 2017085445.373.26$2,787
Apr 2017086947.933.21$2,791
Mar 2017072646.772.98$2,166
Feb 2017077450.452.95$2,285
Jan 2017086349.413.42$2,950
Dec 2016077148.763.72$2,870
Nov 2016084042.492.64$2,221
Oct 2016088246.193.09$2,726
Sep 2016086141.553.10$2,670
Aug 2016088541.442.92$2,588
Jul 2016091141.622.92$2,664
Jun 2016088845.352.69$2,385
May 2016091742.521.99$1,826
Apr 2016088936.561.99$1,770
Mar 2016095833.011.79$1,719
Feb 2016089526.472.06$1,847
Jan 2016096227.352.36$2,275
Dec 201501,00332.362.00$2,007
Nov 2015099338.792.17$2,152
Oct 2015090543.552.43$2,196
Sep 2015095242.992.76$2,626
Aug 201501,01440.162.87$2,913
Jul 201501,01448.152.95$2,986
Jun 201501,04756.152.88$3,018
May 201501,07155.212.96$3,165
Apr 201501,09049.822.71$2,950
Mar 201501,15042.892.93$3,375
Feb 201501,06644.662.98$3,173
Jan 201501,19743.433.10$3,711
Dec 201401,25654.693.59$4,511
Nov 201401,21170.464.25$5,149
Oct 201401,31678.303.90$5,134
Sep 201401,36686.164.05$5,526
Aug 201401,54789.394.04$6,242
Jul 2014131,28796.564.18$6,634
Jun 2014075498.164.74$3,572
May 2014078794.734.73$3,720
Apr 2014086795.944.81$4,170
Mar 2014085895.895.06$4,339
Feb 201401,10997.406.19$6,867
Jan 2014195690.404.86$4,737
Dec 2013094891.824.35$4,128
Nov 201301,12788.853.74$4,213
Oct 201301,05397.423.78$3,980
Sep 201301,184104.113.72$4,402
Aug 20131461,165104.253.52$19,324
Jul 201301,212102.523.72$4,506
Jun 2013074894.403.93$2,942
May 2013068694.834.15$2,846
Apr 2013079393.964.28$3,396
Mar 2013099993.623.91$3,909
Feb 2013097191.233.42$3,321
Jan 201301,05891.603.42$3,618
Dec 201201,24986.773.42$4,272
Nov 2012069386.953.62$2,512
Oct 2012051089.383.40$1,734
Sep 201201,20594.672.92$3,517
Aug 201201,29292.662.91$3,757
Jul 201201,42985.133.02$4,317
Jun 201201,48479.822.52$3,738
May 201201,57891.612.49$3,927
Apr 201201,551101.652.00$3,097
Mar 201201,470105.052.22$3,266
Feb 201201,473101.102.57$3,786
Jan 201201,71898.092.73$4,697
Dec 201101,68496.873.24$5,456
Nov 201101,75995.723.31$5,825
Oct 201101,89984.983.65$6,929
Sep 201101,75683.623.99$6,999
Aug 201101,73883.404.15$7,212
Jul 201101,91994.144.52$8,669
Jun 201101,96892.904.64$9,131
May 201102,11198.134.40$9,299
Apr 201102,145105.964.33$9,295
Mar 201102,25396.364.06$9,141
Feb 201101,98485.644.18$8,293
Jan 201102,33986.504.59$10,733
Dec 201002,37685.734.35$10,330
Nov 201002,53680.843.80$9,625
Oct 201002,31278.103.51$8,113
Sep 201002,39772.633.98$9,539
Aug 201002,29073.684.42$10,120
Jul 201001,70672.554.74$8,080
Jun 201002,58770.364.91$12,703
May 201002,98571.124.24$12,642
Apr 201003,07681.694.12$12,681
Mar 201003,29778.394.39$14,469
Feb 201003,31073.585.44$18,014
Jan 201003,31574.365.96$19,771
Dec 200903,47771.445.48$19,067
Nov 200904,10974.593.75$15,415
Oct 200903,32372.544.11$13,658
Sep 200904,13365.543.06$12,667
Aug 200905,55167.423.22$17,866
Jul 200904,37961.133.46$15,171
Jun 200905,13566.163.90$20,001
May 200906,73754.743.93$26,448
Apr 200908,46446.773.59$30,365
Mar 2009011,74342.144.06$47,665
Feb 200908,31132.814.63$38,505

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                  160 Mcf  × $  3.05 =       $487

────────────────────────────────────────────────────
Month total                                     $487

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/251744 is the state's own key, not one this site invented.