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 139407District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$81 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
High Cost Gas111992-02-14124225
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
CondensateDisposition18,974 bbl$883,089
GasProduction1,360,198 Mcf$4,165,750
Total$5,048,838

388,710 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 32.1284, -94.4787. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.12844, -94.47868 · 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
9,977 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 9,977 ft.

Completions filed
Aug 1991
1 of 1 wells

1 well

42-3653233469,977 ftAug 1991

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 202641,669106.413.05$5,509
Apr 202641,63498.932.87$5,085
Mar 202641,74489.753.15$5,852
Feb 202641,51963.503.75$5,951
Jan 202642,23959.138.00$18,144
Dec 202542,01856.664.41$9,133
Nov 202542,10258.593.93$8,488
Oct 202531,88259.383.30$6,398
Sep 202532,11462.743.08$6,693
Aug 202521,67163.933.01$5,166
Jul 2025196166.743.32$3,253
Jun 2025155066.483.13$1,787
May 2025163360.553.23$2,107
Apr 2025160662.363.54$2,209
Mar 2025261667.704.27$2,765
Feb 2025157370.884.34$2,558
Jan 2025157074.324.28$2,513
Dec 202421,52268.993.12$4,889
Nov 202441,82969.052.20$4,297
Oct 202421,81571.372.28$4,283
Sep 202421,72969.612.36$4,227
Aug 202421,59075.632.06$3,432
Jul 202411,80479.932.15$3,952
Jun 202421,93878.082.63$5,261
May 202441,85778.812.20$4,398
Apr 202431,89984.451.66$3,404
Mar 202432,01280.301.55$3,350
Feb 202441,80976.091.78$3,531
Jan 202451,99573.023.30$6,944
Dec 202363,30371.262.61$9,051
Nov 202322,62577.892.81$7,526
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20231068.962.26$69
May 202331,50870.622.23$3,571
Apr 202321,83878.122.24$4,269
Mar 202333,65972.852.39$8,975
Feb 202342,41875.112.47$6,262
Jan 202332,39776.533.39$8,350
Dec 202221,55276.415.73$9,044
Nov 2022123985.005.65$1,434
Oct 202221,33187.185.86$7,979
Sep 202221,65884.888.16$13,705
Aug 202222,05494.529.13$18,936
Jul 202231,809101.587.54$13,948
Jun 20222809115.097.98$6,684
May 202231,565109.378.43$13,526
Apr 202231,398104.226.84$9,872
Mar 202231,285108.885.08$6,850
Feb 2022293991.054.86$4,745
Jan 202231,55281.844.54$7,288
Dec 202141,72671.323.90$7,015
Nov 202121,74677.435.24$9,298
Oct 202151,97779.795.71$11,695
Sep 202163,62069.865.35$19,789
Aug 202173,66466.024.22$15,926
Jul 202153,51870.783.98$14,363
Jun 202152,92469.493.38$10,232
May 202142,40963.483.02$7,523
Apr 202112,73560.362.76$7,605
Mar 202102,78161.302.72$7,556
Feb 2021088057.805.55$4,882
Jan 202101,41050.412.81$3,962
Dec 202001,69244.642.68$4,527
Nov 202041,67838.772.71$4,697
Oct 202031,78236.972.48$4,527
Sep 202051,61137.091.99$3,393
Aug 202031,65539.982.39$4,067
Jul 202031,55538.371.83$2,953
Jun 2020254234.901.69$986
May 202031,71416.921.81$3,161
Apr 202041,83214.751.80$3,365
Mar 202042,21830.341.86$4,238
Feb 202052,19049.881.98$4,587
Jan 202042,02557.252.09$4,471
Dec 201941,72959.012.30$4,220
Nov 201941,74055.302.75$5,007
Oct 201942,11953.472.42$5,339
Sep 201942,17955.052.66$6,010
Aug 201942,14953.112.30$5,165
Jul 201931,67856.272.46$4,297
Jun 201921,16052.782.49$2,995
May 201941,74258.482.74$5,008
Apr 201931,64362.632.75$4,707
Mar 201941,73656.803.06$5,543
Feb 201941,52250.852.79$4,453
Jan 201951,90546.033.23$6,380
Dec 201873,26246.594.19$13,979
Nov 201842,22652.934.24$9,644
Oct 201852,44461.443.40$8,612
Sep 201841,93659.543.11$6,255
Aug 201841,99559.403.07$6,355
Jul 201842,02465.142.93$6,195
Jun 201831,92260.183.08$6,094
May 201842,06165.382.90$6,240
Apr 201841,98663.842.90$6,016
Mar 201842,04161.222.79$5,933
Feb 201841,85361.782.77$5,373
Jan 201842,03962.874.01$8,426
Dec 201742,15457.272.92$6,522
Nov 201743,81555.423.12$12,118
Oct 201732,22949.292.98$6,798
Sep 201732,21047.523.09$6,965
Aug 201732,17545.373.00$6,671
Jul 201732,21543.873.09$6,970
Jun 201732,17342.493.09$6,836
May 201732,17945.373.26$7,247
Apr 201732,18847.933.21$7,171
Mar 201732,26646.772.98$6,901
Feb 201731,97150.452.95$5,971
Jan 201732,96649.413.42$10,288
Dec 201642,87648.763.72$10,902
Nov 201642,48142.492.64$6,731
Oct 201632,72846.193.09$8,569
Sep 201632,45441.553.10$7,734
Aug 201622,65541.442.92$7,847
Jul 201622,68541.622.92$7,935
Jun 201622,07445.352.69$5,661
May 201642,01342.521.99$4,178
Apr 2016152,14636.561.99$4,821
Mar 2016152,46133.011.79$4,910
Feb 2016142,48126.472.06$5,490
Jan 2016162,66427.352.36$6,736
Dec 2015192,80032.362.00$6,219
Nov 2015152,74638.792.17$6,533
Oct 2015122,72543.552.43$7,135
Sep 2015123,02042.992.76$8,846
Aug 2015132,94740.162.87$8,987
Jul 2015153,12648.152.95$9,929
Jun 2015142,90756.152.88$9,167
May 2015142,45155.212.96$8,017
Apr 2015152,66249.822.71$7,952
Mar 2015182,40142.892.93$7,818
Feb 2015142,64444.662.98$8,494
Jan 2015142,95043.433.10$9,755
Dec 2014142,89054.693.59$11,145
Nov 2014132,57170.464.25$11,847
Oct 2014142,61478.303.90$11,293
Sep 2014112,41286.164.05$10,705
Aug 2014112,98389.394.04$13,020
Jul 2014112,80496.564.18$12,782
Jun 2014113,03398.164.74$15,447
May 2014272,35494.734.73$13,684
Apr 2014252,40795.944.81$13,974
Mar 2014212,31795.895.06$13,730
Feb 2014221,89297.406.19$13,858
Jan 2014201,79490.404.86$10,528
Dec 2013221,12091.824.35$6,897
Nov 2013181,12088.853.74$5,786
Oct 20132091797.423.78$5,414
Sep 2013171,001104.113.72$5,491
Aug 201315768104.253.52$4,269
Jul 20134258102.523.72$1,369
Jun 2013171,36594.403.93$6,974
May 2013161,52794.834.15$7,853
Apr 201361,76393.964.28$8,114
Mar 201361,65793.623.91$7,045
Feb 201361,48291.233.42$5,616
Jan 201391,66391.603.42$6,512
Dec 201271,67286.773.42$6,326
Nov 201262,60286.953.62$9,954
Oct 201272,56989.383.40$9,359
Sep 201252,67294.672.92$8,271
Aug 2012651292.662.91$2,045
Jul 201261,45785.133.02$4,912
Jun 201261,28179.822.52$3,706
May 201282,94291.612.49$8,054
Apr 2012282,991101.652.00$8,819
Mar 2012352,852105.052.22$10,014
Feb 2012322,216101.102.57$8,931
Jan 2012451,58698.092.73$8,750
Dec 2011452,33596.873.24$11,924
Nov 2011362,19895.723.31$10,724
Oct 2011423,55484.983.65$16,536
Sep 2011322,19983.623.99$11,441
Aug 2011502,34183.404.15$13,884
Jul 2011462,01894.144.52$13,446
Jun 2011522,43892.904.64$16,143
May 2011812,64198.134.40$19,582
Apr 20111662,673105.964.33$29,172
Mar 20111813,67896.364.06$32,364
Feb 20111591,07485.644.18$18,106
Jan 20111612,13986.504.59$23,742
Dec 20101373,12585.734.35$25,332
Nov 2010903,23380.843.80$19,546
Oct 2010803,23478.103.51$17,596
Sep 2010773,51872.633.98$19,592
Aug 2010651,69173.684.42$12,262
Jul 2010923,08272.554.74$21,272
Jun 2010771,83370.364.91$14,418
May 2010933,52471.124.24$21,539
Apr 20101113,40281.694.12$23,093
Mar 2010942,60378.394.39$18,792
Feb 2010851,37573.585.44$13,738
Jan 20100074.365.96$0
Dec 200919071.445.48$1,357
Nov 20097590074.593.75$8,971
Oct 20091832372.544.11$2,633
Sep 200928065.543.06$1,835
Aug 20091251,86967.423.22$14,443
Jul 2009654,20761.133.46$18,549
Jun 200921066.163.90$1,389
May 2009341,17454.743.93$6,470
Apr 20091772,62546.773.59$17,695
Mar 200947042.144.06$1,981
Feb 20091611532.814.63$1,058
Jan 20095252935.865.37$4,706
Dec 20082111,18837.105.98$14,929
Nov 20081282,38455.496.86$23,458
Oct 20082172,22975.246.92$31,756
Sep 200854751101.767.88$11,411
Aug 20081582,840114.228.48$42,139
Jul 20082143,105131.0811.39$63,415
Jun 20081614,032131.3313.03$73,692
May 20081564,759123.1711.57$74,297
Apr 20082723,817110.3110.45$69,911
Mar 20082133,699101.909.66$57,452
Feb 20082203,64192.538.77$52,290
Jan 20082084,24390.388.21$53,616
Dec 20072224,22388.337.30$50,445
Nov 20072184,34791.677.29$51,681
Oct 20072113,85182.856.92$44,138
Sep 20072195,98775.846.24$53,993
Aug 20071091,63069.066.39$17,940
Jul 2007323,32670.906.39$23,515
Jun 2007334,29762.007.55$34,482
May 2007423,04458.747.85$26,351
Apr 2007432,42059.617.81$21,452
Mar 2007932,74056.927.30$25,301
Feb 20071212,32155.108.22$25,736
Jan 20071202,36850.306.73$21,965
Dec 2006422,31156.656.92$18,368
Nov 2006632,44954.207.62$22,070
Oct 20061022,54054.906.01$20,875
Sep 2006303,35360.085.04$18,692
Aug 2006443,23468.717.34$26,761
Jul 2006844,85869.376.34$36,640
Jun 2006624,34666.286.38$31,854
May 2006584,32266.016.42$31,597
Apr 2006463,43464.397.36$28,238
Mar 2006453,48956.707.08$27,264
Feb 2006343,30857.597.75$27,599
Jan 2006463,69460.598.93$35,787
Dec 2005463,66654.9413.42$51,708
Nov 2005573,63354.6910.59$41,585
Oct 2005463,46458.3413.80$50,472
Sep 2005454,20861.4512.08$53,594
Aug 2005344,48561.519.80$46,030
Jul 2005343,15255.697.84$26,617
Jun 2005453,19552.337.38$25,937
May 2005452,87945.226.65$21,184
Apr 2005671,63649.207.36$15,338
Mar 20051002,18350.377.15$20,656
Feb 2005121,67345.226.31$11,102
Jan 2005132,32243.166.32$15,241
Dec 2004283,19239.866.75$22,666
Nov 200403,12445.286.33$19,776
Oct 2004292,98149.706.52$20,863
Sep 2004304,79443.245.28$26,628
Aug 2004294,77742.375.55$27,744
Jul 2004295,57238.286.08$35,011
Jun 2004294,36136.106.43$29,101
May 2004143,65237.486.49$24,243
Apr 2004143,18234.475.86$19,124
Mar 2004142,75734.365.53$15,728
Feb 2004302,47632.455.51$14,615
Jan 2004302,89132.036.30$19,173
Dec 2003292,85730.266.30$18,881
Nov 2003292,76028.804.60$13,518
Oct 2003152,90628.174.76$14,254
Sep 2003282,85526.314.75$14,296
Aug 2003261,95129.765.13$10,782
Jul 2003142,21429.415.17$11,860
Jun 2003142,69028.565.98$16,494
May 2003142,73626.595.97$16,714
Apr 2003292,35426.675.41$13,502
Mar 2003292,72731.146.10$17,527
Feb 2003152,59033.487.93$21,030
Jan 2003292,47930.315.58$14,717
Dec 2002152,41426.914.85$12,121
Nov 2002292,67324.664.14$11,773
Oct 2002152,85126.464.23$12,454
Sep 2002434,09027.443.64$16,048
Aug 2002133,71825.963.16$12,102
Jul 2002253,13624.583.06$10,216
Jun 2002253,50023.733.34$12,277
May 2002264,35824.663.58$16,260
Apr 2002384,63723.653.51$17,185
Mar 2002264,52022.003.10$14,596
Feb 2002394,90318.222.38$12,359
Jan 2002394,33517.172.38$10,968
Dec 2001394,63616.932.36$11,622
Nov 2001264,51818.072.41$11,338
Oct 2001394,00619.782.53$10,902
Sep 2001383,75824.262.25$9,382
Aug 2001253,98424.873.05$12,786
Jul 2001264,66923.933.20$15,549
Jun 2001254,83424.563.82$19,100
May 2001264,13525.524.31$18,474
Apr 2001393,61624.685.34$20,255
Mar 2001394,98124.545.38$27,737
Feb 2001384,88827.755.77$29,244
Jan 2001465,03727.478.40$43,568
Dec 2000375,00226.889.12$46,625
Nov 2000394,15432.215.66$24,760
Oct 2000774,35131.235.15$24,793
Sep 2000643,80631.875.19$21,780
Aug 2000544,67229.644.54$22,815
Jul 2000774,59128.534.09$20,973
Jun 2000814,88229.304.40$23,841
May 2000804,61827.263.68$19,174
Apr 2000785,34224.513.12$18,557
Mar 2000985,21528.422.86$17,699
Feb 2000714,17527.622.73$13,344
Jan 2000984,86825.272.48$14,552
Dec 1999704,78224.282.42$13,290
Nov 1999954,52923.192.43$13,227
Oct 1999964,50520.982.80$14,645
Sep 1999644,26221.752.62$12,554
Aug 1999584,75719.262.88$14,796
Jul 1999595,03317.892.37$12,996
Jun 1999494,25015.942.36$10,820
May 1999594,02315.792.32$10,269
Apr 1999644,01715.102.21$9,836
Mar 1999675,14312.471.84$10,290
Feb 1999564,8249.981.82$9,328
Jan 1999685,31010.381.90$10,795
Dec 1998724,5049.201.77$8,649
Nov 19981154,56310.892.19$11,226
Oct 19981165,02512.421.97$11,336
Sep 1998624,40212.592.08$9,948
Aug 19981165,42511.301.91$11,658
Jul 19981004,44611.742.24$11,121
Jun 1998984,85111.242.24$11,955
May 1998795,38612.622.21$12,880
Apr 1998974,60913.042.51$12,812
Mar 1998424,89012.802.31$11,831
Feb 1998774,85113.952.30$12,227
Jan 1998754,59514.702.15$11,004
Dec 1997874,90816.322.41$13,254
Nov 19971034,31018.193.09$15,184
Oct 1997614,77119.253.15$16,202
Sep 1997734,51917.742.95$14,648
Aug 1997915,76517.862.55$16,353
Jul 1997916,32717.582.25$15,816
Jun 1997965,36717.242.26$13,769
May 1997906,22818.972.31$16,085
Apr 19971165,45817.882.08$13,442
Mar 1997885,97818.951.94$13,260
Feb 1997625,40820.492.21$13,200
Jan 19971046,47423.483.54$25,358
Dec 1996956,21823.32$2,215
Nov 1996955,89321.97$2,087
Oct 1996966,08323.31$2,238
Sep 1996516,28322.22$1,133
Aug 1996935,95220.26$1,884
Jul 19961745,91919.55$3,402
Jun 1996845,25718.73$1,573
May 1996836,62119.43$1,613
Apr 19961215,88921.51$2,603
Mar 1996846,56719.38$1,628
Feb 1996865,73316.98$1,460
Jan 1996876,94717.07$1,485
Dec 1995776,92717.19$1,324
Nov 1995716,85716.00$1,136
Oct 1995686,98415.43$1,049
Sep 1995706,64516.18$1,133
Aug 1995677,47615.92$1,067
Jul 1995685,92415.24$1,036
Jun 1995516,98016.41$837
May 1995336,84017.56$579
Apr 1995326,98417.73$567
Mar 1995507,80816.44$822
Feb 1995527,18116.58$862
Jan 19951167,97215.92$1,847
Dec 1994787,73315.03$1,172
Nov 1994747,76515.90$1,177
Oct 19941136,92415.58$1,761
Sep 1994738,19715.29$1,116
Aug 1994738,67016.13$1,177
Jul 19941128,43817.56$1,967
Jun 19941108,21017.09$1,880
May 19941179,34315.88$1,858
Apr 19941189,46614.14$1,669
Mar 19941149,59512.46$1,420
Feb 19941139,09812.50$1,413
Jan 19941528,96012.66$1,924
Dec 199312210,02112.33$1,504
Nov 19931459,06914.49$2,101
Oct 199314510,00815.85$2,298
Sep 199314710,07515.03$2,209
Aug 199311110,65215.66$1,738
Jul 199314811,19115.46$2,288
Jun 199311510,17116.79$1,931
May 199321911,45317.68$3,872
Apr 199322610,59018.05$4,079
Mar 199318411,77418.14$3,338
Feb 199322611,08217.90$4,045
Jan 199322612,28516.93$3,826

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             4 bbl  × $106.41 =       $426
Gas                1,669 Mcf  × $  3.05 =     $5,084

────────────────────────────────────────────────────
Month total                                   $5,509

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/139407 is the state's own key, not one this site invented.