REED, W. M. GAS UNIT

Name: REED, W. M. GAS UNIT lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by BP AMERICA PRODUCTION COMPANY (P-5 40798) 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 130874District 06Field 160321742 tax incentive programmesCondensateGasSave Export

Value, all time

$647 k

Jan 1993 – Jul 2005

Value, last 12 filed months

$91 k

at the published price for each month

Months reported

151

no gaps in the span

Streams

condensate, gas

The CARTHAGE (COTTON VALLEY) field

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1992-07-01	120491
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	5,752 bbl	$111,849
Gas	Production	297,157 Mcf	$535,636
Total			$647,485

149,226 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 32.1190, -94.4659. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.11902, -94.46594 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

9,980 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

1100.0%

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.

00.0%

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 9,980 ft.

Completions filed

Mar 2005

1 of 1 wells

1 well


42-36532003	4	9,980 ft	Mar 2005	—	Yes

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 (151)

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

151 months


Jul 2005	0	4,694	55.69	7.84	$36,818
Jun 2005	0	4,214	52.33	7.38	$31,104
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	3,610	45.22	6.31	$22,786
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	2	0	43.24	5.28	$86
Aug 2004	11	13	42.37	5.55	$538
Jul 2004	10	11	38.28	6.08	$450
Jun 2004	2	3	36.10	6.43	$92
May 2004	3	0	37.48	6.49	$112
Apr 2004	5	330	34.47	5.86	$2,106
Mar 2004	6	521	34.36	5.53	$3,087
Feb 2004	11	527	32.45	5.51	$3,261
Jan 2004	11	479	32.03	6.30	$3,370
Dec 2003	11	887	30.26	6.30	$5,922
Nov 2003	11	381	28.80	4.60	$2,068
Oct 2003	6	853	28.17	4.76	$4,229
Sep 2003	11	880	26.31	4.75	$4,469
Aug 2003	11	488	29.76	5.13	$2,831
Jul 2003	5	509	29.41	5.17	$2,779
Jun 2003	6	655	28.56	5.98	$4,090
May 2003	6	588	26.59	5.97	$3,671
Apr 2003	11	336	26.67	5.41	$2,110
Mar 2003	11	809	31.14	6.10	$5,274
Feb 2003	6	705	33.48	7.93	$5,789
Jan 2003	11	533	30.31	5.58	$3,309
Dec 2002	6	319	26.91	4.85	$1,710
Nov 2002	11	354	24.66	4.14	$1,736
Oct 2002	6	551	26.46	4.23	$2,489
Sep 2002	17	658	27.44	3.64	$2,858
Aug 2002	7	837	25.96	3.16	$2,830
Jul 2002	20	602	24.58	3.06	$2,335
Jun 2002	20	657	23.73	3.34	$2,668
May 2002	20	819	24.66	3.58	$3,429
Apr 2002	31	1,477	23.65	3.51	$5,921
Mar 2002	21	1,927	22.00	3.10	$6,441
Feb 2002	31	1,604	18.22	2.38	$4,375
Jan 2002	31	1,942	17.17	2.38	$5,146
Dec 2001	31	1,886	16.93	2.36	$4,984
Nov 2001	21	1,892	18.07	2.41	$4,931
Oct 2001	31	1,976	19.78	2.53	$5,610
Sep 2001	31	1,928	24.26	2.25	$5,093
Aug 2001	20	2,035	24.87	3.05	$6,711
Jul 2001	20	2,037	23.93	3.20	$6,991
Jun 2001	20	1,971	24.56	3.82	$8,029
May 2001	20	1,943	25.52	4.31	$8,880
Apr 2001	31	1,431	24.68	5.34	$8,400
Mar 2001	31	1,818	24.54	5.38	$10,535
Feb 2001	30	1,936	27.75	5.77	$11,998
Jan 2001	37	2,086	27.47	8.40	$18,536
Dec 2000	38	2,151	26.88	9.12	$20,644
Nov 2000	38	1,696	32.21	5.66	$10,820
Oct 2000	68	1,695	31.23	5.15	$10,845
Sep 2000	58	1,748	31.87	5.19	$10,914
Aug 2000	40	2,048	29.64	4.54	$10,485
Jul 2000	64	1,911	28.53	4.09	$9,641
Jun 2000	70	1,888	29.30	4.40	$10,353
May 2000	63	1,647	27.26	3.68	$7,778
Apr 2000	73	1,572	24.51	3.12	$6,688
Mar 2000	68	1,824	28.42	2.86	$7,149
Feb 2000	55	1,689	27.62	2.73	$6,124
Jan 2000	82	1,820	25.27	2.48	$6,587
Dec 1999	64	1,812	24.28	2.42	$5,946
Nov 1999	79	1,760	23.19	2.43	$6,116
Oct 1999	78	1,827	20.98	2.80	$6,759
Sep 1999	50	1,766	21.75	2.62	$5,712
Aug 1999	34	1,945	19.26	2.88	$6,248
Jul 1999	38	1,982	17.89	2.37	$5,382
Jun 1999	23	1,959	15.94	2.36	$4,994
May 1999	37	2,059	15.79	2.32	$5,363
Apr 1999	35	2,055	15.10	2.21	$5,066
Mar 1999	38	2,100	12.47	1.84	$4,334
Feb 1999	34	1,884	9.98	1.82	$3,764
Jan 1999	39	2,072	10.38	1.90	$4,342
Dec 1998	35	2,194	9.20	1.77	$4,213
Nov 1998	19	2,063	10.89	2.19	$4,716
Oct 1998	24	2,222	12.42	1.97	$4,674
Sep 1998	12	1,794	12.59	2.08	$3,887
Aug 1998	16	1,833	11.30	1.91	$3,677
Jul 1998	18	1,713	11.74	2.24	$4,044
Jun 1998	23	1,784	11.24	2.24	$4,250
May 1998	22	2,094	12.62	2.21	$4,898
Apr 1998	33	1,826	13.04	2.51	$5,005
Mar 1998	18	1,982	12.80	2.31	$4,808
Feb 1998	21	1,693	13.95	2.30	$4,185
Jan 1998	42	2,373	14.70	2.15	$5,731
Dec 1997	31	2,482	16.32	2.41	$6,490
Nov 1997	32	1,806	18.19	3.09	$6,159
Oct 1997	15	1,683	19.25	3.15	$5,590
Sep 1997	30	1,489	17.74	2.95	$4,932
Aug 1997	82	2,111	17.86	2.55	$6,858
Jul 1997	75	1,343	17.58	2.25	$4,336
Jun 1997	79	1,630	17.24	2.26	$5,041
May 1997	91	1,835	18.97	2.31	$5,962
Apr 1997	118	1,918	17.88	2.08	$6,105
Mar 1997	90	2,195	18.95	1.94	$5,962
Feb 1997	65	1,892	20.49	2.21	$5,505
Jan 1997	80	2,354	23.48	3.54	$10,211
Dec 1996	25	2,097	23.32	—	$583
Nov 1996	32	2,358	21.97	—	$703
Oct 1996	30	2,489	23.31	—	$699
Sep 1996	18	2,378	22.22	—	$400
Aug 1996	29	2,465	20.26	—	$588
Jul 1996	55	2,306	19.55	—	$1,075
Jun 1996	30	2,546	18.73	—	$562
May 1996	27	2,580	19.43	—	$525
Apr 1996	40	2,500	21.51	—	$860
Mar 1996	25	2,437	19.38	—	$485
Feb 1996	25	1,969	16.98	—	$425
Jan 1996	28	2,519	17.07	—	$478
Dec 1995	32	2,376	17.19	—	$550
Nov 1995	44	2,678	16.00	—	$704
Oct 1995	45	3,104	15.43	—	$694
Sep 1995	41	2,685	16.18	—	$663
Aug 1995	44	2,653	15.92	—	$700
Jul 1995	43	2,873	15.24	—	$655
Jun 1995	35	2,660	16.41	—	$574
May 1995	31	2,778	17.56	—	$544
Apr 1995	32	3,055	17.73	—	$567
Mar 1995	39	3,111	16.44	—	$641
Feb 1995	30	2,660	16.58	—	$497
Jan 1995	56	3,004	15.92	—	$892
Dec 1994	40	3,197	15.03	—	$601
Nov 1994	38	3,056	15.90	—	$604
Oct 1994	55	2,969	15.58	—	$857
Sep 1994	39	2,837	15.29	—	$596
Aug 1994	39	3,016	16.13	—	$629
Jul 1994	53	4,014	17.56	—	$931
Jun 1994	55	3,314	17.09	—	$940
May 1994	57	3,212	15.88	—	$905
Apr 1994	57	3,384	14.14	—	$806
Mar 1994	59	3,578	12.46	—	$735
Feb 1994	55	3,960	12.50	—	$688
Jan 1994	71	3,590	12.66	—	$899
Dec 1993	52	3,358	12.33	—	$641
Nov 1993	75	4,513	14.49	—	$1,087
Oct 1993	72	4,209	15.85	—	$1,141
Sep 1993	71	5,228	15.03	—	$1,067
Aug 1993	57	3,019	15.66	—	$893
Jul 1993	74	3,409	15.46	—	$1,144
Jun 1993	62	3,480	16.79	—	$1,041
May 1993	163	4,232	17.68	—	$2,882
Apr 1993	164	4,006	18.05	—	$2,960
Mar 1993	120	3,919	18.14	—	$2,177
Feb 1993	168	3,519	17.90	—	$3,007
Jan 1993	172	3,926	16.93	—	$2,912

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.

Jul 2005 — as filed, then multipliedworked

Condensate             0 bbl  × $ 55.69 =         $0
Gas                4,694 Mcf  × $  7.84 =    $36,818

────────────────────────────────────────────────────
Month total                                  $36,818

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/130874 is the state's own key, not one this site invented.