REED ESTATE UNIT

Operated by RFE OPERATING, LLC (P-5 704776) 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 224408District 06Field 160321742 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.6 M
Nov 2006 – May 2026
Value, last 12 filed months
$31 k
at the published price for each month
Months reported
235
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 Gas112007-03-22173261
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
CondensateDisposition7,835 bbl$580,424
GasProduction808,241 Mcf$4,008,887
Total$4,589,311

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 32.1142, -94.4870. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.11421, -94.48702 · 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
10,080 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 10,080 ft.

Completions filed
Nov 2006
1 of 1 wells

1 well

42-36536364410,080 ftNov 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 (235)

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

235 months

May 202631,208106.413.05$3,999
Apr 202641,09198.932.87$3,527
Mar 2026095289.753.15$2,998
Feb 2026011563.503.75$431
Jan 2026027159.138.00$2,167
Dec 2025031756.664.41$1,399
Nov 2025033258.593.93$1,304
Oct 2025035359.383.30$1,167
Sep 2025066762.743.08$2,052
Aug 2025026163.933.01$787
Jul 2025054566.743.32$1,807
Jun 202511264166.483.13$9,451
May 2025060960.553.23$1,968
Apr 2025042862.363.54$1,516
Mar 2025053167.704.27$2,266
Feb 2025049170.884.34$2,131
Jan 2025050874.324.28$2,174
Dec 2024052168.993.12$1,626
Nov 2024051569.052.20$1,132
Oct 2024075271.372.28$1,716
Sep 2024079069.612.36$1,868
Aug 2024084375.632.06$1,740
Jul 2024086479.932.15$1,855
Jun 2024088878.082.63$2,339
May 2024097778.812.20$2,148
Apr 2024097384.451.66$1,614
Mar 20241741,03980.301.55$15,578
Feb 202401,01976.091.78$1,818
Jan 202401,14973.023.30$3,789
Dec 202301,22071.262.61$3,185
Nov 202301,35277.892.81$3,796
Oct 202301,34085.443.09$4,137
Sep 202301,28589.042.74$3,515
Aug 202301,36080.522.67$3,635
Jul 202301,47074.852.64$3,883
Jun 202301,50168.962.26$3,390
May 202301,76970.622.23$3,940
Apr 202302,73978.122.24$6,129
Mar 202302,06372.852.39$4,937
Feb 202301,32075.112.47$3,255
Jan 202301,71376.533.39$5,803
Dec 20221911,75476.415.73$24,643
Nov 202201,69185.005.65$9,548
Oct 202201,97787.185.86$11,593
Sep 202211,94884.888.16$15,988
Aug 202222,14194.529.13$19,730
Jul 202212,181101.587.54$16,551
Jun 202212,203115.097.98$17,689
May 202222,407109.378.43$20,517
Apr 202202,517104.226.84$17,210
Mar 20221893,255108.885.08$37,102
Feb 2022026491.054.86$1,283
Jan 202201,86381.844.54$8,454
Dec 202101,97271.323.90$7,689
Nov 202101,92277.435.24$10,065
Oct 202101,94179.795.71$11,091
Sep 202101,85969.865.35$9,947
Aug 202101,92766.024.22$8,133
Jul 20211871,79370.783.98$20,376
Jun 202101,56269.493.38$5,281
May 202101,64463.483.02$4,961
Apr 202101,98960.362.76$5,487
Mar 202101,98761.302.72$5,399
Feb 202101,53657.805.55$8,522
Jan 202101,72250.412.81$4,839
Dec 202001,68344.642.68$4,503
Nov 202001,72738.772.71$4,674
Oct 202001,72836.972.48$4,283
Sep 202001,76837.091.99$3,520
Aug 202002,15139.982.39$5,130
Jul 20201762,21638.371.83$10,798
Jun 202002,20034.901.69$3,719
May 202002,31216.921.81$4,196
Apr 202002,21014.751.80$3,988
Mar 202002,25630.341.86$4,188
Feb 202001,89449.881.98$3,751
Jan 202002,11857.252.09$4,437
Dec 201901,82059.012.30$4,194
Nov 201901,70455.302.75$4,687
Oct 201901,81853.472.42$4,397
Sep 20191561,75055.052.66$13,238
Aug 201901,63153.112.30$3,758
Jul 201901,66556.272.46$4,096
Jun 201901,60052.782.49$3,986
May 201901,70858.482.74$4,680
Apr 201901,62662.632.75$4,473
Mar 20191281,67756.803.06$12,406
Feb 2019801,53350.852.79$8,348
Jan 201901,65046.033.23$5,327
Dec 201801,60046.594.19$6,697
Nov 201801,61252.934.24$6,830
Oct 201801,59561.443.40$5,420
Sep 201801,64459.543.11$5,110
Aug 201801,75659.403.07$5,385
Jul 2018832,13865.142.93$11,675
Jun 201801,36060.183.08$4,185
May 201802,21765.382.90$6,431
Apr 201801,62863.842.90$4,723
Mar 20181862,18361.222.79$17,471
Feb 201801,19561.782.77$3,306
Jan 201802,09562.874.01$8,400
Dec 201701,97957.272.92$5,782
Nov 201702,04255.423.12$6,368
Oct 201702,35649.292.98$7,030
Sep 201702,33447.523.09$7,206
Aug 201702,45045.373.00$7,361
Jul 20171752,53643.873.09$15,507
Jun 201702,39642.493.09$7,397
May 201702,48745.373.26$8,116
Apr 201702,03647.933.21$6,539
Mar 201702,37946.772.98$7,098
Feb 201701,80850.452.95$5,338
Jan 201702,22349.413.42$7,600
Dec 20160948.763.72$34
Nov 20161862,77542.492.64$15,241
Oct 201602,96146.193.09$9,150
Sep 201602,48641.553.10$7,708
Aug 201602,65141.442.92$7,752
Jul 201602,46141.622.92$7,197
Jun 201602,45245.352.69$6,586
May 201602,43442.521.99$4,846
Apr 201602,74136.561.99$5,457
Mar 201602,89133.011.79$5,186
Feb 20161912,68526.472.06$10,597
Jan 201602,91927.352.36$6,902
Dec 201502,87832.362.00$5,760
Nov 201502,76838.792.17$5,999
Oct 201502,92643.552.43$7,100
Sep 201502,91942.992.76$8,052
Aug 201503,00940.162.87$8,643
Jul 2015872,91748.152.95$12,780
Jun 201502,87756.152.88$8,294
May 201503,00255.212.96$8,872
Apr 201502,92549.822.71$7,917
Mar 20151773,02642.892.93$16,472
Feb 201502,75744.662.98$8,205
Jan 201503,05143.433.10$9,460
Dec 201403,11054.693.59$11,169
Nov 201402,79570.464.25$11,884
Oct 201402,39478.303.90$9,339
Sep 201402,47386.164.05$10,004
Aug 20141872,82689.394.04$28,119
Jul 201403,33496.564.18$13,935
Jun 201402,86598.164.74$13,571
May 201403,02794.734.73$14,307
Apr 201403,02395.944.81$14,538
Mar 20141973,33395.895.06$35,745
Feb 201402,60597.406.19$16,130
Jan 201403,65090.404.86$17,742
Dec 201303,43491.824.35$14,953
Nov 201303,35188.853.74$12,527
Oct 201303,54197.423.78$13,383
Sep 201303,182104.113.72$11,830
Aug 201303,530104.253.52$12,435
Jul 20131503,761102.523.72$29,360
Jun 201303,77694.403.93$14,853
May 201303,65794.834.15$15,173
Apr 201303,61793.964.28$15,490
Mar 20131343,54593.623.91$26,416
Feb 201333,17491.233.42$11,128
Jan 201323,53691.603.42$12,276
Dec 201223,68786.773.42$12,784
Nov 201213,63986.953.62$13,278
Oct 20121733,24089.383.40$26,478
Sep 201203,61994.672.92$10,562
Aug 201223,81092.662.91$11,265
Jul 201223,94985.133.02$12,099
Jun 201204,00279.822.52$10,081
May 20121014,13991.612.49$19,552
Apr 201214,172101.652.00$8,432
Mar 201223,638105.052.22$8,294
Feb 201223,884101.102.57$10,185
Jan 20121654,34198.092.73$28,053
Dec 201124,39596.873.24$14,432
Nov 201124,04895.723.31$13,596
Oct 201114,35684.983.65$15,978
Sep 2011904,17283.623.99$24,155
Aug 201114,39783.404.15$18,328
Jul 20111324,84194.144.52$34,294
Jun 201115,02292.904.64$23,394
May 201115,32098.134.40$23,532
Apr 201135,240105.964.33$23,024
Mar 20111945,93996.364.06$42,790
Feb 201165,57385.644.18$23,809
Jan 201136,49586.504.59$30,064
Dec 20102046,78185.734.35$46,971
Nov 201024,31580.843.80$16,539
Oct 201015,10578.103.51$17,991
Sep 201015,08772.633.98$20,316
Aug 201025,55873.684.42$24,710
Jul 201025,83072.554.74$27,759
Jun 20101915,51470.364.91$40,515
May 201015,83271.124.24$24,771
Apr 20101655,27581.694.12$35,226
Mar 20101816,10078.394.39$40,959
Feb 201005,39273.585.44$29,345
Jan 201015,66274.365.96$33,843
Dec 200905,55971.445.48$30,484
Nov 200905,64574.593.75$21,177
Oct 20091786,01272.544.11$37,623
Sep 200935,97865.543.06$18,518
Aug 200936,45867.423.22$20,987
Jul 200916,50861.133.46$22,608
Jun 200936,92566.163.90$27,171
May 200917610,08454.743.93$49,222
Apr 200903,16746.773.59$11,362
Mar 20090042.144.06$0
Feb 2009010732.814.63$496
Jan 20091816,61335.865.37$42,009
Dec 200846,72037.105.98$40,315
Nov 20081646,60555.496.86$54,413
Oct 200807,05475.246.92$48,828
Sep 20081596,008101.767.88$63,505
Aug 200806,852114.228.48$58,126
Jul 200817,660131.0811.39$87,374
Jun 20081602,992131.3313.03$60,006
May 200827,873123.1711.57$91,371
Apr 20081708,006110.3110.45$102,454
Mar 200828,644101.909.66$83,740
Feb 20081718,61292.538.77$91,355
Jan 200829,54390.388.21$78,488
Dec 200716810,19588.337.30$89,283
Nov 20071839,77591.677.29$88,052
Oct 20071768,60082.856.92$74,111
Sep 200709,06275.846.24$56,585
Aug 20073479,97269.066.39$87,664
Jul 200717510,97170.906.39$82,490
Jun 20071511,30262.007.55$86,243
May 2007512,30058.747.85$96,803
Apr 200718812,38059.617.81$107,835
Mar 2007014,40756.927.30$105,199
Feb 200717613,44755.108.22$120,178
Jan 200717918,86050.306.73$135,872
Dec 20064022,23056.656.92$156,063
Nov 200603,35654.207.62$25,564

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             3 bbl  × $106.41 =       $319
Gas                1,208 Mcf  × $  3.05 =     $3,679

────────────────────────────────────────────────────
Month total                                   $3,999

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/224408 is the state's own key, not one this site invented.