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 165604District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.8 M
Aug 1997 – May 2026
Value, last 12 filed months
$76 k
at the published price for each month
Months reported
346
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 Gas111998-01-09137532
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
CondensateDisposition22,086 bbl$821,936
GasProduction999,448 Mcf$3,953,274
Total$4,775,210

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 32.1192, -94.4720. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.11924, -94.47200 · 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
9,950 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 9,950 ft.

Completions filed
Aug 1997
1 of 1 wells

1 well

42-3653370889,950 ftAug 1997

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 (346)

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

346 months

May 2026241,393106.413.05$6,797
Apr 2026251,38798.932.87$6,454
Mar 2026251,48589.753.15$6,921
Feb 2026211,36763.503.75$6,460
Jan 2026211,47859.138.00$13,063
Dec 2025241,66456.664.41$8,704
Nov 2025291,89958.593.93$9,155
Oct 2025161,52959.383.30$6,003
Sep 2025864162.743.08$2,474
Aug 20251283063.933.01$3,269
Jul 2025111,28066.743.32$4,978
Jun 2025335666.483.13$1,313
May 2025534060.553.23$1,402
Apr 2025536962.363.54$1,619
Mar 2025840367.704.27$2,262
Feb 2025538670.884.34$2,030
Jan 2025540974.324.28$2,122
Dec 2024554868.993.12$2,055
Nov 2024121,06469.052.20$3,168
Oct 2024677071.372.28$2,185
Sep 2024549269.612.36$1,511
Aug 2024670875.632.06$1,915
Jul 2024111,84379.932.15$4,835
Jun 202491,64578.082.63$5,036
May 2024362,20278.812.20$7,678
Apr 2024233,40984.451.66$7,599
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 202312077.892.81$935
Oct 2023162,35685.443.09$8,641
Sep 202381,75689.042.74$5,515
Aug 2023110580.522.67$361
Jul 202318574.852.64$299
Jun 2023210668.962.26$377
May 2023216770.622.23$513
Apr 2023423978.122.24$847
Mar 202331,05272.852.39$2,736
Feb 2023641075.112.47$1,462
Jan 2023472376.533.39$2,755
Dec 202216376.415.73$437
Nov 2022215185.005.65$1,023
Oct 2022323987.185.86$1,663
Sep 2022228984.888.16$2,529
Aug 2022526894.529.13$2,919
Jul 2022101,235101.587.54$10,330
Jun 20224642115.097.98$5,582
May 20223448109.378.43$4,106
Apr 20226410104.226.84$3,429
Mar 202210892108.885.08$5,617
Feb 2022101,25291.054.86$6,994
Jan 2022326381.844.54$1,439
Dec 2021440671.323.90$1,868
Nov 2021348177.435.24$2,751
Oct 2021552079.795.71$3,370
Sep 2021559869.865.35$3,549
Aug 2021559366.024.22$2,833
Jul 2021457170.783.98$2,557
Jun 2021557269.493.38$2,281
May 2021468463.483.02$2,318
Apr 2021267460.362.76$1,980
Mar 202101,15761.302.72$3,144
Feb 2021031757.805.55$1,759
Jan 2021080250.412.81$2,254
Dec 2020089744.642.68$2,400
Nov 20201092938.772.71$2,902
Oct 2020101,73536.972.48$4,670
Sep 20201498737.091.99$2,484
Aug 2020111,51239.982.39$4,046
Jul 2020121,67638.371.83$3,519
Jun 2020111,40634.901.69$2,760
May 20201586716.921.81$1,827
Apr 20201786514.751.80$1,812
Mar 2020241,20230.341.86$2,959
Feb 2020391,52249.881.98$4,960
Jan 2020481,26457.252.09$5,396
Dec 2019211,10959.012.30$3,795
Nov 2019201,02255.302.75$3,917
Oct 2019281,49153.472.42$5,103
Sep 2019271,67555.052.66$5,937
Aug 2019261,83653.112.30$5,612
Jul 2019231,21556.272.46$4,283
Jun 2019231,46552.782.49$4,864
May 2019402,00358.482.74$7,828
Apr 2019331,94162.632.75$7,406
Mar 2019351,89756.803.06$7,797
Feb 2019351,84250.852.79$6,923
Jan 2019411,95446.033.23$8,195
Dec 2018371,71546.594.19$8,902
Nov 2018321,84552.934.24$9,511
Oct 2018382,05861.443.40$9,328
Sep 2018342,24459.543.11$8,999
Aug 2018261,56159.403.07$6,331
Jul 2018251,57165.142.93$6,234
Jun 2018231,61060.183.08$6,338
May 2018332,03865.382.90$8,069
Apr 2018341,96463.842.90$7,868
Mar 2018372,12361.222.79$8,182
Feb 2018401,95561.782.77$7,879
Jan 2018352,15362.874.01$10,833
Dec 2017412,42457.272.92$9,430
Nov 2017392,24955.423.12$9,175
Oct 2017362,65649.292.98$9,699
Sep 2017292,58147.523.09$9,346
Aug 2017282,56245.373.00$8,968
Jul 2017342,60643.873.09$9,537
Jun 2017302,54842.493.09$9,141
May 2017312,46845.373.26$9,461
Apr 2017342,23647.933.21$8,811
Mar 2017372,53646.772.98$9,297
Feb 2017352,40650.452.95$8,870
Jan 2017382,19549.413.42$9,382
Dec 2016401,85948.763.72$8,871
Nov 2016392,16142.492.64$7,372
Oct 2016302,44046.193.09$8,926
Sep 2016292,05041.553.10$7,561
Aug 2016242,14641.442.92$7,270
Jul 2016242,09541.622.92$7,125
Jun 2016251,91845.352.69$6,285
May 2016262,01742.521.99$5,121
Apr 2016151,88536.561.99$4,302
Mar 2016161,98433.011.79$4,087
Feb 2016141,74426.472.06$3,970
Jan 2016171,95727.352.36$5,092
Dec 2015202,01632.362.00$4,682
Nov 2015151,95438.792.17$4,817
Oct 2015132,02043.552.43$5,468
Sep 2015132,00742.992.76$6,095
Aug 2015142,03340.162.87$6,402
Jul 2015152,12148.152.95$6,969
Jun 2015151,87356.152.88$6,242
May 2015142,18155.212.96$7,219
Apr 2015162,06849.822.71$6,394
Mar 2015212,23342.892.93$7,454
Feb 2015371,75444.662.98$6,873
Jan 2015371,35843.433.10$5,818
Dec 2014371,87854.693.59$8,768
Nov 2014351,85270.464.25$10,341
Oct 2014371,98778.303.90$10,648
Sep 2014292,15686.164.05$11,221
Aug 2014302,12989.394.04$11,272
Jul 2014301,90596.564.18$10,859
Jun 2014302,14098.164.74$13,082
May 2014162,27194.734.73$12,250
Apr 2014151,96495.944.81$10,884
Mar 2014122,10995.895.06$11,815
Feb 2014131,85597.406.19$12,752
Jan 2014122,17490.404.86$11,652
Dec 2013132,26591.824.35$11,057
Nov 2013111,70488.853.74$7,347
Oct 2013122,04397.423.78$8,890
Sep 2013101,806104.113.72$7,755
Aug 2013101,935104.253.52$7,859
Jul 2013121,953102.523.72$8,491
Jun 2013102,20094.403.93$9,598
May 2013101,81894.834.15$8,491
Apr 2013101,68993.964.28$8,173
Mar 201391,77093.623.91$7,768
Feb 2013101,76591.233.42$6,948
Jan 2013141,71991.603.42$7,161
Dec 2012101,80886.773.42$7,051
Nov 201291,74486.953.62$7,104
Oct 2012101,68789.383.40$6,629
Sep 201281,71394.672.92$5,757
Aug 2012101,65792.662.91$5,745
Jul 2012101,67585.133.02$5,911
Jun 2012102,15479.822.52$6,224
May 2012161,67291.612.49$5,626
Apr 2012151,980101.652.00$5,478
Mar 2012192,211105.052.22$6,909
Feb 2012171,429101.102.57$5,392
Jan 2012242,47098.092.73$9,107
Dec 2011242,59396.873.24$10,726
Nov 2011191,61095.723.31$7,150
Oct 2011222,18484.983.65$9,838
Sep 2011172,23783.623.99$10,338
Aug 2011262,20283.404.15$11,305
Jul 2011242,25194.144.52$12,428
Jun 2011272,66092.904.64$14,850
May 2011551,93198.134.40$13,903
Apr 20111811,389105.964.33$25,198
Mar 20111972,17596.364.06$27,808
Feb 20111731,77685.644.18$22,239
Jan 20111762,30686.504.59$25,806
Dec 20101491,95085.734.35$21,252
Nov 2010981,81880.843.80$14,822
Oct 2010871,73678.103.51$12,886
Sep 2010841,80272.633.98$13,272
Aug 2010701,81873.684.42$13,192
Jul 20101012,07572.554.74$17,156
Jun 2010842,45170.364.91$17,946
May 20101022,27671.124.24$16,894
Apr 20101202,53881.694.12$20,266
Mar 20101032,85978.394.39$20,621
Feb 20101394,07273.585.44$32,389
Jan 20101311,80174.365.96$20,482
Dec 20099010371.445.48$6,994
Nov 20091022,50574.593.75$17,006
Oct 20091097,61472.544.11$39,202
Sep 20091522,42565.543.06$17,394
Aug 20091362,47167.423.22$17,122
Jul 2009912,65761.133.46$14,768
Jun 20091413,58566.163.90$23,292
May 20092054.743.93$109
Apr 2009331,53346.773.59$7,043
Mar 200996042.144.06$623
Feb 200932,36632.814.63$11,060
Jan 20091060535.865.37$3,608
Dec 2008392,52737.105.98$16,551
Nov 2008242,47655.496.86$18,318
Oct 2008402,64375.246.92$21,304
Sep 2008101,938101.767.88$16,283
Aug 2008302,612114.228.48$25,584
Jul 2008402,600131.0811.39$34,856
Jun 2008301,952131.3313.03$29,380
May 2008292,491123.1711.57$32,403
Apr 2008512,312110.3110.45$29,797
Mar 2008402,433101.909.66$27,589
Feb 2008412,35592.538.77$24,448
Jan 2008392,34490.388.21$22,759
Dec 2007412,33788.337.30$20,686
Nov 2007412,61491.677.29$22,819
Oct 2007392,72882.856.92$22,114
Sep 2007412,64775.846.24$19,638
Aug 2007352,61169.066.39$19,096
Jul 2007432,80670.906.39$20,973
Jun 2007452,79462.007.55$23,880
May 2007572,47858.747.85$22,791
Apr 2007582,40159.617.81$22,198
Mar 2007452,46556.927.30$20,561
Feb 2007592,17655.108.22$21,129
Jan 2007582,36850.306.73$18,847
Dec 2006212,34756.656.92$17,427
Nov 2006312,35154.207.62$19,589
Oct 2006502,45054.906.01$17,479
Sep 2006272,86860.085.04$16,069
Aug 2006593,23268.717.34$27,777
Jul 2006413,14869.376.34$22,811
Jun 2006303,08066.286.38$21,651
May 2006332,95666.016.42$21,171
Apr 2006622,90164.397.36$25,345
Mar 2006612,89456.707.08$23,957
Feb 2006462,47157.597.75$21,802
Jan 2006622,85860.598.93$29,288
Dec 2005612,85554.9413.42$41,652
Nov 2005762,98054.6910.59$35,710
Oct 2005613,39258.3413.80$50,354
Sep 2005613,51261.4512.08$46,170
Aug 2005463,91061.519.80$41,135
Jul 2005463,78055.697.84$32,211
Jun 2005613,74052.337.38$30,797
May 2005613,52045.226.65$26,171
Apr 2005952,99349.207.36$26,704
Mar 200515117750.377.15$8,872
Feb 2005171,95745.226.31$13,121
Jan 2005172,80043.166.32$18,436
Dec 2004383,14939.866.75$22,774
Nov 200403,06245.286.33$19,384
Oct 2004393,09149.706.52$22,076
Sep 2004402,97443.245.28$17,444
Aug 2004392,66242.375.55$16,428
Jul 2004393,22438.286.08$21,108
Jun 2004393,23836.106.43$22,238
May 2004193,36537.486.49$22,566
Apr 2004193,36134.475.86$20,345
Mar 2004193,03634.365.53$17,442
Feb 2004402,73732.455.51$16,378
Jan 2004402,78632.036.30$18,832
Dec 2003402,74230.266.30$18,490
Nov 2003393,25028.804.60$16,057
Oct 2003203,36328.174.76$16,570
Sep 2003393,25026.314.75$16,462
Aug 2003393,25029.765.13$17,832
Jul 2003193,29629.415.17$17,602
Jun 2003193,25928.565.98$20,041
May 2003193,38326.595.97$20,711
Apr 2003393,30626.675.41$18,917
Mar 2003393,42331.146.10$22,081
Feb 2003203,15033.487.93$25,636
Jan 2003403,30730.315.58$19,672
Dec 2002203,58526.914.85$17,939
Nov 2002393,20024.664.14$14,200
Oct 2002203,27226.464.23$14,367
Sep 2002583,36227.443.64$13,813
Aug 2002183,57625.963.16$11,782
Jul 2002353,56624.583.06$11,779
Jun 2002353,56123.733.34$12,718
May 2002363,72624.663.58$14,242
Apr 2002543,67223.653.51$14,174
Mar 2002363,85122.003.10$12,741
Feb 2002543,91018.222.38$10,273
Jan 2002543,90817.172.38$10,211
Dec 2001543,85516.932.36$10,029
Nov 2001363,86818.072.41$9,955
Oct 2001544,15019.782.53$11,563
Sep 2001533,99024.262.25$10,269
Aug 2001354,34424.873.05$14,133
Jul 2001364,38423.933.20$14,877
Jun 2001354,15124.563.82$16,734
May 2001364,49225.524.31$20,267
Apr 2001543,26724.685.34$18,763
Mar 2001544,60424.545.38$26,078
Feb 2001533,84127.755.77$23,622
Jan 2001644,89527.478.40$42,870
Dec 2000584,02226.889.12$38,250
Nov 2000792,58132.215.66$17,148
Oct 20001293,08631.235.15$19,908
Sep 20001093,31431.875.19$20,662
Aug 2000803,74429.644.54$19,372
Jul 2000592,58828.534.09$12,268
Jun 200021029.304.40$615
May 2000762,27427.263.68$10,440
Apr 20001086,19524.513.12$21,951
Mar 20001446,46128.422.86$22,569
Feb 20001096,10727.622.73$19,661
Jan 20001366,57025.272.48$19,734
Dec 19991146,86424.282.42$19,404
Nov 19991406,82923.192.43$19,868
Oct 19991407,24420.982.80$23,247
Sep 19991316,67221.752.62$20,322
Aug 19991577,81619.262.88$25,500
Jul 19991827,88217.892.37$21,955
Jun 19991417,80015.942.36$20,672
May 19991818,10215.792.32$21,663
Apr 19991898,18415.102.21$20,925
Mar 19991998,57212.471.84$18,240
Feb 19991628,0099.981.82$16,175
Jan 19992018,87910.381.90$18,956
Dec 19982399,1199.201.77$18,370
Nov 19983519,09210.892.19$23,695
Oct 19983509,83312.421.97$23,710
Sep 199822510,25412.592.08$24,188
Aug 199836810,82111.301.91$24,798
Jul 199835611,12911.742.24$29,078
Jun 199841811,41311.242.24$30,232
May 199866314,86012.622.21$41,153
Apr 199882012,84613.042.51$42,876
Mar 199850913,80412.802.31$38,395
Feb 199865313,54013.952.30$40,240
Jan 199872916,63514.702.15$46,561
Dec 199787618,20616.322.41$58,193
Nov 19971,10119,75118.193.09$81,023
Oct 199767423,85519.253.15$88,113
Sep 199760724,88717.742.95$84,306
Aug 19970017.862.55$0

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            24 bbl  × $106.41 =     $2,554
Gas                1,393 Mcf  × $  3.05 =     $4,243

────────────────────────────────────────────────────
Month total                                   $6,797

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/165604 is the state's own key, not one this site invented.