REED, W.M. GAS UNIT

Operated by MMGL EAST TEXAS III, LLC (P-5 102551) in the CARTHAGE (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 130628District 06Field 16032174NGPA filingCondensateGasSaveExport
Value, all time
$6.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$89 k
at the published price for each month
Months reported
401
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 4,104 leases and 4,104 wells, and the rule below applies to all of them.

Discovered
1968-05-01
as the register files it
Field class
Oil and 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 40 acres. The field rule took effect on 2011-02-08.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

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
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
CondensateDisposition19,137 bbl$663,831
GasProduction1,790,289 Mcf$5,566,694
Total$6,230,525

495,404 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 32.1262, -94.4665. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.12617, -94.46654 · 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
9,960 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 9,960 ft.

Completions filed
Apr 1989
1 of 1 wells

1 well

42-3653200459,960 ftApr 1989

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 (401)

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

401 months

May 2026302,287106.413.05$10,158
Apr 2026292,17298.932.87$9,102
Mar 2026292,21989.753.15$9,591
Feb 2026211,87763.503.75$8,373
Jan 2026181,74459.138.00$15,013
Dec 2025141,32756.664.41$6,650
Nov 2025161,26958.593.93$5,920
Oct 2025111,26259.383.30$4,824
Sep 2025111,29362.743.08$4,669
Aug 2025121,24763.933.01$4,527
Jul 2025111,31666.743.32$5,097
Jun 202591,34066.483.13$4,791
May 2025141,42860.553.23$5,463
Apr 2025151,38162.363.54$5,828
Mar 2025221,46667.704.27$7,747
Feb 2025141,34970.884.34$6,848
Jan 2025181,84574.324.28$9,232
Dec 2024142,27668.993.12$8,070
Nov 2024172,33869.052.20$6,314
Oct 2024152,45971.372.28$6,681
Sep 2024182,42869.612.36$6,994
Aug 2024182,59075.632.06$6,706
Jul 2024122,67179.932.15$6,693
Jun 2024112,56278.082.63$7,607
May 2024322,51778.812.20$8,055
Apr 2024232,36784.451.66$5,870
Mar 2024242,56880.301.55$5,895
Feb 2024332,51576.091.78$6,997
Jan 2024352,91973.023.30$12,182
Dec 2023323,08271.262.61$10,327
Nov 2023212,56977.892.81$8,848
Oct 2023182,44885.443.09$9,096
Sep 2023223,10489.042.74$10,448
Aug 2023153,48280.522.67$10,515
Jul 2023131,91774.852.64$6,037
Jun 2023211,82768.962.26$5,574
May 2023212,22370.622.23$6,435
Apr 2023142,19378.122.24$6,001
Mar 2023162,53072.852.39$7,220
Feb 2023202,25975.112.47$7,072
Jan 2023171,95876.533.39$7,934
Dec 2022232,12976.415.73$13,955
Nov 2022212,08285.005.65$13,540
Oct 2022152,36087.185.86$15,146
Sep 2022131,91184.888.16$16,704
Aug 2022141,96394.529.13$19,240
Jul 2022202,134101.587.54$18,126
Jun 2022132,701115.097.98$23,043
May 2022122,076109.378.43$18,819
Apr 2022182,267104.226.84$17,377
Mar 2022162,357108.885.08$13,707
Feb 2022152,07691.054.86$11,453
Jan 2022162,40781.844.54$12,232
Dec 2021172,43971.323.90$10,722
Nov 2021102,35777.435.24$13,118
Oct 2021152,35779.795.71$14,664
Sep 2021142,36069.865.35$13,606
Aug 2021152,52466.024.22$11,643
Jul 2021132,52070.783.98$10,955
Jun 2021162,61269.493.38$9,942
May 2021853,07063.483.02$14,660
Apr 20211882,65960.362.76$18,682
Mar 2021167061.302.72$10,237
Feb 202101,16757.805.55$6,474
Jan 202102,57850.412.81$7,245
Dec 202002,42644.642.68$6,491
Nov 2020172,41338.772.71$7,190
Oct 2020132,61136.972.48$6,952
Sep 2020222,13337.091.99$5,063
Aug 2020131,96039.982.39$5,195
Jul 2020172,16938.371.83$4,611
Jun 2020152,44134.901.69$4,650
May 2020222,27116.921.81$4,494
Apr 2020242,63714.751.80$5,112
Mar 2020232,37430.341.86$5,105
Feb 2020242,10849.881.98$5,372
Jan 2020242,47557.252.09$6,558
Dec 2019222,28659.012.30$6,566
Nov 2019151,54055.302.75$5,066
Oct 2019181,91053.472.42$5,582
Sep 2019202,07655.052.66$6,618
Aug 2019232,98253.112.30$8,093
Jul 2019191,84856.272.46$5,615
Jun 2019172,14752.782.49$6,246
May 2019272,48858.482.74$8,397
Apr 2019202,12162.632.75$7,087
Mar 2019252,56056.803.06$9,259
Feb 2019222,16750.852.79$7,169
Jan 2019272,41646.033.23$9,042
Dec 2018252,14846.594.19$10,155
Nov 2018212,15652.934.24$10,247
Oct 2018242,44561.443.40$9,783
Sep 2018222,49559.543.11$9,064
Aug 2018232,48459.403.07$8,984
Jul 2018222,65565.142.93$9,217
Jun 2018172,35560.183.08$8,269
May 2018232,63365.382.90$9,142
Apr 2018232,53863.842.90$8,831
Mar 2018242,53661.222.79$8,537
Feb 2018262,29761.782.77$7,960
Jan 2018222,64862.874.01$12,000
Dec 2017242,66157.272.92$9,149
Nov 2017224,74455.423.12$16,013
Oct 2017232,81749.292.98$9,539
Sep 2017322,70147.523.09$9,859
Aug 2017302,84045.373.00$9,894
Jul 2017372,89843.873.09$10,570
Jun 2017322,75842.493.09$9,874
May 2017332,75045.373.26$10,472
Apr 2017362,60647.933.21$10,095
Mar 2017402,64146.772.98$9,751
Feb 2017382,37750.452.95$8,935
Jan 2017412,56749.413.42$10,802
Dec 2016432,42148.763.72$11,110
Nov 2016412,52242.492.64$8,411
Oct 2016332,72146.193.09$9,933
Sep 2016313,15541.553.10$11,071
Aug 2016263,38741.442.92$10,982
Jul 2016262,70541.622.92$8,992
Jun 2016262,63145.352.69$8,246
May 2016282,71642.521.99$6,598
Apr 2016162,13636.561.99$4,838
Mar 2016172,78433.011.79$5,556
Feb 2016152,84426.472.06$6,266
Jan 2016172,78827.352.36$7,057
Dec 2015212,94132.362.00$6,566
Nov 2015162,60338.792.17$6,262
Oct 2015142,95243.552.43$7,773
Sep 2015142,93142.992.76$8,687
Aug 2015143,06340.162.87$9,361
Jul 2015163,05348.152.95$9,762
Jun 2015163,09056.152.88$9,806
May 2015153,23855.212.96$10,398
Apr 2015172,99449.822.71$8,950
Mar 2015243,25642.892.93$10,585
Feb 2015492,92944.662.98$10,906
Jan 2015492,95143.433.10$11,278
Dec 2014492,25254.693.59$10,768
Nov 2014462,03970.464.25$11,911
Oct 2014492,62678.303.90$14,081
Sep 2014383,22886.164.05$16,333
Aug 2014393,62289.394.04$18,101
Jul 2014393,28796.564.18$17,504
Jun 2014393,05798.164.74$18,309
May 2014503,02094.734.73$19,011
Apr 2014473,09195.944.81$19,374
Mar 2014383,03595.895.06$18,991
Feb 2014422,92397.406.19$22,190
Jan 2014382,88690.404.86$17,463
Dec 2013402,42191.824.35$14,215
Nov 2013342,53888.853.74$12,509
Oct 2013382,97597.423.78$14,946
Sep 2013311,281104.113.72$7,990
Aug 2013322,630104.253.52$12,600
Jul 2013372,940102.523.72$14,723
Jun 2013322,93594.403.93$14,565
May 2013293,19694.834.15$16,011
Apr 201383,63193.964.28$16,302
Mar 201373,47593.623.91$14,253
Feb 201373,54891.233.42$12,772
Jan 2013112,87491.603.42$10,836
Dec 201283,34086.773.42$12,117
Nov 201272,33486.953.62$9,069
Oct 201282,45989.383.40$9,075
Sep 201263,09094.672.92$9,586
Aug 201283,10292.662.91$9,762
Jul 201282,82785.133.02$9,221
Jun 201282,95979.822.52$8,092
May 201293,25991.612.49$8,934
Apr 2012163,249101.652.00$8,114
Mar 2012203,407105.052.22$9,672
Feb 2012183,143101.102.57$9,898
Jan 2012263,49098.092.73$12,092
Dec 2011263,62096.873.24$14,246
Nov 2011213,28795.723.31$12,894
Oct 2011243,70684.983.65$15,561
Sep 2011193,00483.623.99$13,562
Aug 2011292,28083.404.15$11,879
Jul 2011272,98194.144.52$16,008
Jun 2011302,59392.904.64$14,818
May 2011382,59198.134.40$15,142
Apr 2011282,793105.964.33$15,070
Mar 2011303,24296.364.06$16,045
Feb 2011263,59185.644.18$17,237
Jan 2011273,02686.504.59$16,221
Dec 2010233,27185.734.35$16,193
Nov 2010153,39680.843.80$14,102
Oct 2010133,49178.103.51$13,265
Sep 2010133,56572.633.98$15,131
Aug 2010112,91373.684.42$13,684
Jul 2010152,44572.554.74$12,669
Jun 2010132,93270.364.91$15,312
May 2010163,12471.124.24$14,369
Apr 2010183,25581.694.12$14,890
Mar 2010162,34378.394.39$11,537
Feb 2010212,43073.585.44$14,770
Jan 2010193,60574.365.96$22,913
Dec 2009122,17471.445.48$12,779
Nov 2009162,84674.593.75$11,870
Oct 2009173,26372.544.11$14,645
Sep 2009234,51465.543.06$15,342
Aug 20092133867.423.22$2,504
Jul 2009142,55961.133.46$9,721
Jun 2009264,61366.163.90$19,688
May 2009780654.743.93$3,547
Apr 2009323,88846.773.59$15,445
Mar 20099342.144.06$391
Feb 200931,55232.814.63$7,289
Jan 20091061135.865.37$3,640
Dec 2008393,28837.105.98$21,100
Nov 2008243,68155.496.86$26,585
Oct 2008404,58375.246.92$34,733
Sep 200810536101.767.88$5,240
Aug 2008293,391114.228.48$32,078
Jul 2008403,344131.0811.39$43,329
Jun 2008304,202131.3313.03$58,703
May 2008294,728123.1711.57$58,295
Apr 2008504,110110.3110.45$48,485
Mar 2008393,670101.909.66$39,441
Feb 2008412,55992.538.77$26,238
Jan 2008382,95890.388.21$27,707
Dec 2007413,27188.337.30$27,506
Nov 2007403,52991.677.29$29,399
Oct 2007395,24082.856.92$39,502
Sep 2007417,06275.846.24$47,206
Aug 2007255,34269.066.39$35,851
Jul 2007172,83470.906.39$19,309
Jun 2007184,04262.007.55$31,627
May 2007232,79958.747.85$23,313
Apr 2007234,08359.617.81$33,240
Mar 200794,15056.927.30$30,815
Feb 2007123,68055.108.22$30,896
Jan 2007123,88350.306.73$26,724
Dec 200644,21056.656.92$29,353
Nov 200663,97454.207.62$30,597
Oct 2006103,99254.906.01$24,556
Sep 200693,52160.085.04$18,277
Aug 2006244,99368.717.34$38,297
Jul 200684,03669.376.34$26,154
Jun 200663,92666.286.38$25,461
May 200663,98066.016.42$25,968
Apr 2006133,96864.397.36$30,043
Mar 2006243,64656.707.08$27,185
Feb 2006193,83457.597.75$30,812
Jan 2006254,61260.598.93$42,715
Dec 2005254,78954.9413.42$65,620
Nov 2005314,57154.6910.59$50,095
Oct 2005254,76958.3413.80$67,250
Sep 2005244,28861.4512.08$53,270
Aug 2005184,76561.519.80$47,789
Jul 2005185,49755.697.84$44,119
Jun 2005245,57352.337.38$42,390
May 2005245,13645.226.65$35,246
Apr 2005384,69249.207.36$36,405
Mar 2005605,04550.377.15$39,119
Feb 200574,28345.226.31$27,350
Jan 200534,56243.166.32$28,971
Dec 2004152,09939.866.75$14,768
Nov 200405,25145.286.33$33,241
Oct 2004165,51349.706.52$36,713
Sep 2004165,30043.245.28$28,697
Aug 2004163,90642.375.55$22,359
Jul 2004165,01138.286.08$31,100
Jun 2004165,47136.106.43$35,773
May 200485,85037.486.49$38,293
Apr 200485,58434.475.86$32,989
Mar 200486,45934.365.53$35,994
Feb 2004163,97832.455.51$22,436
Jan 2004165,19332.036.30$33,227
Dec 2003165,92730.266.30$37,834
Nov 2003165,13828.804.60$24,071
Oct 200385,48528.174.76$26,332
Sep 2003165,52826.314.75$26,675
Aug 2003155,69029.765.13$29,635
Jul 200385,71229.415.17$29,771
Jun 200386,18828.565.98$37,251
May 200386,13926.595.97$36,879
Apr 2003165,92026.675.41$32,438
Mar 2003166,52031.146.10$40,244
Feb 200385,26033.487.93$41,958
Jan 2003166,16230.315.58$34,881
Dec 200286,50726.914.85$31,799
Nov 2002165,92824.664.14$24,918
Oct 200284,80326.464.23$20,524
Sep 2002235,21627.443.64$19,592
Aug 2002113,79025.963.16$12,278
Jul 2002304,10124.583.06$13,294
Jun 2002304,02223.733.34$14,138
May 2002315,88824.663.58$21,867
Apr 2002465,60023.653.51$20,757
Mar 2002315,73322.003.10$18,470
Feb 2002476,01218.222.38$15,139
Jan 2002475,64117.172.38$14,208
Dec 2001466,12516.932.36$15,261
Nov 2001315,23518.072.41$13,153
Oct 2001465,95519.782.53$15,969
Sep 2001465,38024.262.25$13,228
Aug 2001306,19024.873.05$19,645
Jul 2001315,92723.933.20$19,691
Jun 2001305,99424.563.82$23,659
May 2001315,98825.524.31$26,583
Apr 2001465,03624.685.34$28,004
Mar 2001465,06624.545.38$28,366
Feb 2001445,86827.755.77$35,062
Jan 2001516,23527.478.40$53,767
Dec 2000436,34726.889.12$59,056
Nov 2000415,53732.215.66$32,649
Oct 2000514,82831.235.15$26,435
Sep 2000435,42631.875.19$29,512
Aug 2000425,57329.644.54$26,550
Jul 2000865,93028.534.09$26,706
Jun 20001015,53929.304.40$27,316
May 2000836,06227.263.68$24,569
Apr 2000695,49724.513.12$18,820
Mar 20001165,88128.422.86$20,115
Feb 2000865,63327.622.73$17,734
Jan 20001045,86925.272.48$17,186
Dec 1999815,81824.282.42$16,068
Nov 19991085,98123.192.43$17,062
Oct 19991076,15620.982.80$19,505
Sep 1999855,21221.752.62$15,498
Aug 1999956,32019.262.88$20,003
Jul 19991126,43117.892.37$17,260
Jun 1999916,26415.942.36$16,247
May 19991016,01715.792.32$15,560
Apr 19991125,97915.102.21$14,893
Mar 19991165,99012.471.84$12,458
Feb 1999955,4519.981.82$10,857
Jan 19991155,59010.381.90$11,814
Dec 19981146,0059.201.77$11,698
Nov 1998955,67110.892.19$13,430
Oct 1998905,41512.421.97$11,781
Sep 1998554,27112.592.08$9,587
Aug 19981026,26711.301.91$13,106
Jul 19981026,57711.742.24$15,912
Jun 1998936,96911.242.24$16,637
May 19981007,29612.622.21$17,359
Apr 19981236,74113.042.51$18,492
Mar 1998707,47512.802.31$18,159
Feb 1998996,75613.952.30$16,914
Jan 19981047,34514.702.15$17,356
Dec 19971226,65616.322.41$18,039
Nov 19971496,64718.193.09$23,238
Oct 1997917,12619.253.15$24,197
Sep 19971166,99317.742.95$22,721
Aug 19972157,33917.862.55$22,589
Jul 19972197,73117.582.25$21,221
Jun 19972237,00417.242.26$19,654
May 19972117,31018.972.31$20,878
Apr 19972797,01917.882.08$19,608
Mar 19972097,61118.951.94$18,719
Feb 19971476,82820.492.21$18,074
Jan 19972057,68123.483.54$32,002
Dec 19961227,77323.32$2,845
Nov 19961258,19821.97$2,746
Oct 19961288,04623.31$2,984
Sep 1996678,33622.22$1,489
Aug 19961248,30320.26$2,512
Jul 19962548,13419.55$4,966
Jun 19961428,03418.73$2,660
May 19961388,75119.43$2,681
Apr 19962038,26421.51$4,367
Mar 19961408,70719.38$2,713
Feb 19961468,38616.98$2,479
Jan 19961478,75817.07$2,509
Dec 19951328,95217.19$2,269
Nov 19951189,27716.00$1,888
Oct 19951149,49415.43$1,759
Sep 19951158,77016.18$1,861
Aug 19951107,89015.92$1,751
Jul 19951189,22415.24$1,798
Jun 19959210,19316.41$1,510
May 1995667,77717.56$1,159
Apr 1995679,84117.73$1,188
Mar 199510110,09216.44$1,660
Feb 1995799,30516.58$1,310
Jan 199513710,75515.92$2,181
Dec 19948910,83815.03$1,338
Nov 19949010,82715.90$1,431
Oct 199412910,74515.58$2,010
Sep 19948610,47815.29$1,315
Aug 19949010,96916.13$1,452
Jul 199413111,05117.56$2,300
Jun 199413010,81617.09$2,222
May 199413311,39215.88$2,112
Apr 199413611,47614.14$1,923
Mar 199413312,19512.46$1,657
Feb 199413410,98412.50$1,675
Jan 199418811,66412.66$2,380
Dec 199314712,13312.33$1,813
Nov 199318311,55914.49$2,652
Oct 199316812,24915.85$2,663
Sep 199317112,43115.03$2,570
Aug 199313312,42115.66$2,083
Jul 199317012,38715.46$2,628
Jun 199312612,24516.79$2,116
May 199320413,39617.68$3,607
Apr 199320912,46618.05$3,772
Mar 199317313,50218.14$3,138
Feb 199320912,30617.90$3,741
Jan 199321113,61416.93$3,572

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            30 bbl  × $106.41 =     $3,192
Gas                2,287 Mcf  × $  3.05 =     $6,966

────────────────────────────────────────────────────
Month total                                  $10,158

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. 06/G/130628 is the state's own key, not one this site invented.