REED UNIT

Operated by SHERIDAN PRODUCTION CO III, LLC (P-5 775851) in the STOCKMAN (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 188712District 06Field 862333002 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.8 M
Apr 2002 – May 2026
Value, last 12 filed months
$103 k
at the published price for each month
Months reported
290
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 102 leases and 102 wells, and the rule below applies to all of them.

Discovered
1976-10-13
as the register files it
Field class
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 2011-10-11.

The Commission's schedule remark for this field reads: FROM OCTOBER TO DECEMBER.

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 Gas112005-05-17161910
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
CondensateDisposition11,414 bbl$696,185
GasProduction1,441,894 Mcf$7,139,863
Total$7,836,049

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 31.7685, -94.3628. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.76849, -94.36281 · 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
10,730 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 10,730 ft.

Completions filed
May 2006
1 of 1 wells

1 well

42-41930821110,730 ftMay 2006

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 (290)

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

290 months

May 2026332,093106.413.05$9,886
Apr 2026342,06098.932.87$9,275
Mar 2026172,34789.753.15$8,917
Feb 2026342,07063.503.75$9,922
Jan 2026342,07659.138.00$18,614
Dec 2025282,05156.664.41$10,638
Nov 202591,92758.593.93$8,094
Oct 2025111,96959.383.30$7,160
Sep 202581,90462.743.08$6,360
Aug 202582,04863.933.01$6,686
Jul 202541,86666.743.32$6,453
Jun 2025712866.483.13$866
May 202571,98760.553.23$6,846
Apr 202571,94562.363.54$7,328
Mar 202572,13067.704.27$9,565
Feb 202571,87770.884.34$8,644
Jan 202562,16974.324.28$9,726
Dec 202471,94968.993.12$6,566
Nov 202471,87969.052.20$4,614
Oct 2024142,12671.372.28$5,849
Sep 202452,14669.612.36$5,422
Aug 2024152,31475.632.06$5,910
Jul 202492,11579.932.15$5,259
Jun 2024112,12378.082.63$6,451
May 202462,26578.812.20$5,452
Apr 2024122,25284.451.66$4,750
Mar 202492,33480.301.55$4,329
Feb 202492,37776.091.78$4,925
Jan 202462,19373.023.30$7,670
Dec 202372,23271.262.61$6,326
Nov 202362,31377.892.81$6,961
Oct 202382,63085.443.09$8,803
Sep 202352,40789.042.74$7,028
Aug 202372,33280.522.67$6,797
Jul 2023103,85574.852.64$10,933
Jun 20231124368.962.26$1,307
May 2023172,36770.622.23$6,473
Apr 202382,39478.122.24$5,982
Mar 2023172,59972.852.39$7,458
Feb 2023162,31375.112.47$6,905
Jan 2023212,46276.533.39$9,948
Dec 2022162,20276.415.73$13,838
Nov 2022142,14485.005.65$13,295
Oct 2022152,35787.185.86$15,129
Sep 2022152,14384.888.16$18,768
Aug 2022142,76894.529.13$26,587
Jul 202273,477101.587.54$26,935
Jun 202263,047115.097.98$24,997
May 2022133,096109.378.43$27,531
Apr 20227126104.226.84$1,591
Mar 2022213,420108.885.08$19,648
Feb 2022142,99091.054.86$15,803
Jan 2022133,06681.844.54$14,976
Dec 2021263,21271.323.90$14,378
Nov 2021132,95177.435.24$16,461
Oct 2021133,20779.795.71$19,362
Sep 2021243,06269.865.35$18,061
Aug 2021133,16766.024.22$14,225
Jul 2021123,22370.783.98$13,684
Jun 2021202,98369.493.38$11,474
May 2021173,13263.483.02$10,531
Apr 2021253,05960.362.76$9,947
Mar 2021283,42261.302.72$11,014
Feb 2021172,70557.805.55$15,990
Jan 2021182,91050.412.81$9,085
Dec 2020293,05444.642.68$9,465
Nov 2020262,93838.772.71$8,960
Oct 2020273,16336.972.48$8,837
Sep 2020193,19037.091.99$7,056
Aug 2020303,31739.982.39$9,111
Jul 2020283,47638.371.83$7,418
Jun 2020233,57834.901.69$6,851
May 2020123,64916.921.81$6,825
Apr 2020143,48114.751.80$6,488
Mar 2020213,30330.341.86$6,768
Feb 202072,99949.881.98$6,289
Jan 2020213,57757.252.09$8,695
Dec 2019510959.012.30$546
Nov 201982,59955.302.75$7,591
Oct 201993,29453.472.42$8,448
Sep 201993,18855.052.66$8,967
Aug 2019133,91153.112.30$9,703
Jul 201921,87756.272.46$4,730
Jun 201931,08952.782.49$2,871
May 201922,16058.482.74$6,036
Apr 201932,31962.632.75$6,567
Mar 201942,51756.803.06$7,935
Feb 2019102,66950.852.79$7,961
Jan 2019132,96446.033.23$10,167
Dec 201883,07546.594.19$13,243
Nov 201853,00952.934.24$13,015
Oct 201852,96161.443.40$10,369
Sep 201852,81959.543.11$9,059
Aug 2018143,04359.403.07$10,163
Jul 2018232,97665.142.93$10,223
Jun 2018762,84260.183.08$13,318
May 20181022,91965.382.90$15,136
Apr 2018752,98163.842.90$13,435
Mar 2018573,14061.222.79$12,240
Feb 2018682,61561.782.77$11,434
Jan 20181003,11062.874.01$18,756
Dec 2017943,61757.272.92$15,951
Nov 20171434,55355.423.12$22,123
Oct 201705,09849.292.98$15,211
Sep 2017255,32447.523.09$17,625
Aug 2017242,28345.373.00$7,948
Jul 2017442,48743.873.09$9,608
Jun 20171273,01142.493.09$14,692
May 2017563,45045.373.26$13,799
Apr 20171012,62247.933.21$13,262
Mar 2017813,14346.772.98$13,166
Feb 20171153,58850.452.95$16,396
Jan 20171333,53149.413.42$18,643
Dec 20161292,45048.763.72$15,411
Nov 2016891,75542.492.64$8,422
Oct 20161422,14146.193.09$13,175
Sep 20161482,49741.553.10$13,892
Aug 2016972,65541.442.92$11,784
Jul 20161602,27441.622.92$13,309
Jun 20161582,51745.352.69$13,926
May 20161352,70442.521.99$11,124
Apr 2016922,91036.561.99$9,157
Mar 2016463,05133.011.79$6,992
Feb 2016452,57526.472.06$6,505
Jan 2016623,14427.352.36$9,129
Dec 2015743,41332.362.00$9,225
Nov 2015693,38238.792.17$10,006
Oct 2015361,41243.552.43$4,994
Sep 2015692,89642.992.76$10,955
Aug 2015343,27140.162.87$10,761
Jul 2015343,43948.152.95$11,765
Jun 2015153,39456.152.88$10,627
May 201553,79255.212.96$11,483
Apr 201563,71049.822.71$10,340
Mar 2015103,68242.892.93$11,235
Feb 201583,26744.662.98$10,080
Jan 2015113,09043.433.10$10,059
Dec 2014122,99354.693.59$11,405
Nov 201463,41870.464.25$14,956
Oct 2014263,93878.303.90$17,398
Sep 2014254,11286.164.05$18,789
Aug 2014224,39689.394.04$19,705
Jul 2014223,54296.564.18$16,928
Jun 2014294,05798.164.74$22,064
May 2014193,96794.734.73$20,550
Apr 2014253,70995.944.81$20,236
Mar 2014293,97395.895.06$22,871
Feb 2014103,30197.406.19$21,414
Jan 2014193,81790.404.86$20,271
Dec 2013144,20891.824.35$19,609
Nov 2013194,01588.853.74$16,697
Oct 2013194,32297.423.78$18,185
Sep 2013184,123104.113.72$17,202
Aug 2013173,575104.253.52$14,366
Jul 2013324,534102.523.72$20,137
Jun 2013231,43694.403.93$7,820
May 2013344,77394.834.15$23,028
Apr 2013572,20093.964.28$14,777
Mar 2013653,97493.623.91$21,635
Feb 2013134,20991.233.42$15,580
Jan 2013334,65691.603.42$18,946
Dec 2012264,73386.773.42$18,444
Nov 2012384,20386.953.62$18,540
Oct 2012364,21989.383.40$17,561
Sep 2012414,17094.672.92$16,051
Aug 2012804,40892.662.91$20,232
Jul 2012943,52785.133.02$18,657
Jun 2012654,09579.822.52$15,504
May 2012754,16191.612.49$17,225
Apr 2012934,109101.652.00$17,658
Mar 2012304,090105.052.22$12,240
Feb 20121063,760101.102.57$20,381
Jan 2012444,11298.092.73$15,559
Dec 2011873,98096.873.24$21,322
Nov 2011724,21195.723.31$20,836
Oct 2011454,72184.983.65$21,049
Sep 2011534,59983.623.99$22,763
Aug 2011503,90283.404.15$20,361
Jul 2011354,21694.144.52$22,340
Jun 2011323,84992.904.64$20,832
May 201163,76598.134.40$17,173
Apr 201153,556105.964.33$15,939
Mar 201164,34996.364.06$18,224
Feb 201153,72985.644.18$16,015
Jan 201154,28886.504.59$20,109
Dec 201093,34685.734.35$15,319
Nov 2010154,44380.843.80$18,075
Oct 2010294,43378.103.51$17,820
Sep 2010374,49872.633.98$20,587
Aug 2010464,86373.684.42$24,881
Jul 2010465,01972.554.74$27,110
Jun 2010275,27470.364.91$27,797
May 2010975,52871.124.24$30,311
Apr 2010735,26681.694.12$27,673
Mar 2010735,36378.394.39$29,259
Feb 2010994,86273.585.44$33,745
Jan 2010856,04474.365.96$42,368
Dec 2009695,72971.445.48$36,346
Nov 20091115,90374.593.75$30,425
Oct 2009285,91772.544.11$26,351
Sep 2009945,10865.543.06$21,816
Aug 2009655,53767.423.22$22,203
Jul 2009554,28161.133.46$18,194
Jun 2009904,69466.163.90$24,238
May 2009736,55454.743.93$29,725
Apr 2009698,04446.773.59$32,085
Mar 2009765,34742.144.06$24,906
Feb 2009896,11532.814.63$31,251
Jan 2009816,77035.865.37$39,266
Dec 200806,06037.105.98$36,221
Nov 200806,75855.496.86$46,362
Oct 200808,08875.246.92$55,985
Sep 200807,852101.767.88$61,851
Aug 200808,307114.228.48$70,468
Jul 2008010,133131.0811.39$115,409
Jun 2008011,566131.3313.03$150,735
May 200851,733123.1711.57$20,674
Apr 2008302,341110.3110.45$27,784
Mar 2008385,947101.909.66$61,344
Feb 2008486,43192.538.77$60,845
Jan 2008507,28390.388.21$64,281
Dec 2007528,23288.337.30$64,703
Nov 2007748,09591.677.29$65,810
Oct 20072189,25582.856.92$82,124
Sep 200708,54875.846.24$53,375
Aug 20071638,67169.066.39$66,647
Jul 200709,03170.906.39$57,689
Jun 20071728,60662.007.55$75,626
May 200708,43858.747.85$66,207
Apr 20071768,16159.617.81$74,190
Mar 200708,81456.927.30$64,360
Feb 20071719,04755.108.22$83,752
Jan 2007010,48950.306.73$70,558
Dec 200616712,19556.656.92$93,831
Nov 200607,25254.207.62$55,242
Oct 200617412,18854.906.01$82,849
Sep 200617311,01960.085.04$65,899
Aug 200617315,23168.717.34$123,681
Jul 200615218,03569.376.34$124,936
Jun 200629020,08266.286.38$147,422
May 2006015,66566.016.42$100,648
Apr 2006051064.397.36$3,754
Mar 20060056.707.08$0
Feb 20061101,68957.597.75$19,427
Jan 200602,75360.598.93$24,593
Dec 200504,16754.9413.42$55,902
Nov 200504,72754.6910.59$50,051
Oct 200505,26258.3413.80$72,593
Sep 200505,06661.4512.08$61,192
Aug 200505,12761.519.80$50,228
Jul 200505,46155.697.84$42,834
Jun 200504,47952.337.38$33,060
May 20051475,18245.226.65$41,114
Apr 200504,72149.207.36$34,749
Mar 200505,51850.377.15$39,481
Feb 200505,21845.226.31$32,936
Jan 200505,47743.166.32$34,627
Dec 200405,66239.866.75$38,225
Nov 200405,67245.286.33$35,906
Oct 200404,94049.706.52$32,185
Sep 200407,07143.245.28$37,362
Aug 20041614,67642.375.55$32,776
Jul 200406,73938.286.08$41,001
Jun 200407,55336.106.43$48,589
May 200407,52237.486.49$48,852
Apr 200408,10434.475.86$47,477
Mar 200408,18634.365.53$45,270
Feb 200407,86732.455.51$43,344
Jan 200409,55832.036.30$60,212
Dec 200309,20830.266.30$58,026
Nov 20031828,70328.804.60$45,233
Oct 200308,84828.174.76$42,113
Sep 200308,84126.314.75$41,989
Aug 200309,62229.765.13$49,358
Jul 200309,55929.415.17$49,428
Jun 20031558,75228.565.98$56,790
May 200309,72626.595.97$58,090
Apr 200309,99126.675.41$54,024
Mar 200318110,91331.146.10$72,162
Feb 2003010,39833.487.93$82,413
Jan 2003012,24830.315.58$68,369
Dec 2002013,08026.914.85$63,487
Nov 2002014,39824.664.14$59,564
Oct 2002015,27426.464.23$64,596
Sep 200216814,61827.443.64$57,749
Aug 2002019,94725.963.16$63,116
Jul 200217823,22224.583.06$75,475
Jun 2002027,02923.733.34$90,229
May 200217536,79224.663.58$136,178
Apr 2002022,55223.653.51$79,210

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            33 bbl  × $106.41 =     $3,512
Gas                2,093 Mcf  × $  3.05 =     $6,375

────────────────────────────────────────────────────
Month total                                   $9,886

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/188712 is the state's own key, not one this site invented.