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REEVES

Operated by TGNR EAST TEXAS II LLC (P-5 102211) in the CARTHAGE, SE (CV) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 274254District 06Field 160393002 tax incentive programmesCondensateGasSaveExport
Value, all time
$14.0 M
Mar 2014 – May 2026
Value, last 12 filed months
$571 k
at the published price for each month
Months reported
147
no gaps in the span
Streams
2
condensate, gas

The CARTHAGE, SE (CV) 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 85 leases and 85 wells, and the rule below applies to all of them.

Discovered
1975-12-28
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 2014-07-08.

The Commission's schedule remark for this field reads: “DESIGNATED AS UFT FIELD PER DOCKET 01-0299858”

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 Gas112015-06-16216367
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
CondensateDisposition32,039 bbl$2,130,543
GasProduction3,617,763 Mcf$11,826,475
Total$13,957,018

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 32.0383, -94.1793. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.03830, -94.17930 · 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
9,215 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 9,215 ft.

Completions filed
Jun 2014
1 of 1 wells

1 well

42-365380904H9,215 ftJun 2014——

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 (147)

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

147 months

May 20261829,222106.413.05$47,455
Apr 20261789,81698.932.87$45,779
Mar 202616513,02289.753.15$55,821
Feb 20261788,47363.503.75$43,079
Jan 20261849,54059.138.00$87,180
Dec 20252038,79556.664.41$50,317
Nov 20253510,07758.593.93$41,617
Oct 20251349,13559.383.30$38,147
Sep 202510910,33562.743.08$38,639
Aug 2025969,67063.933.01$35,290
Jul 202513710,53866.743.32$44,079
Jun 202516310,32166.483.13$43,128
May 202515612,40760.553.23$49,549
Apr 20251256,28562.363.54$30,064
Mar 202514810,23967.704.27$53,723
Feb 202513810,25270.884.34$54,284
Jan 20251658,04574.324.28$46,685
Dec 20242159,69068.993.12$45,079
Nov 20241019,60669.052.20$28,092
Oct 20241859,17571.372.28$34,135
Sep 202412310,75069.612.36$33,979
Aug 202415510,90375.632.06$34,222
Jul 202415711,22579.932.15$36,644
Jun 202412210,71878.082.63$37,757
May 202419911,16178.812.20$40,220
Apr 202420310,19084.451.66$34,051
Mar 202413312,81980.301.55$30,487
Feb 202415111,84876.091.78$32,622
Jan 202415812,46473.023.30$52,639
Dec 202319412,24671.262.61$45,795
Nov 202315012,62877.892.81$47,137
Oct 202314913,20885.443.09$53,507
Sep 20239313,18389.042.74$44,337
Aug 20235313,39780.522.67$40,076
Jul 20231013,55274.852.64$36,550
Jun 20233812,20168.962.26$30,176
May 20236614,46270.622.23$36,874
Apr 20237113,66878.122.24$36,132
Mar 20237514,10972.852.39$39,229
Feb 20236914,28075.112.47$40,393
Jan 2023447,78176.533.39$29,727
Dec 202214,13376.415.73$23,755
Nov 20221387385.005.65$6,034
Oct 2022136,51287.185.86$39,318
Sep 2022298,18584.888.16$69,281
Aug 20226314,39394.529.13$137,322
Jul 20225214,712101.587.54$116,241
Jun 20226114,516115.097.98$122,818
May 20226215,649109.378.43$138,750
Apr 20226415,409104.226.84$112,031
Mar 20227115,040108.885.08$84,080
Feb 20225813,12591.054.86$69,053
Jan 20225013,79281.844.54$66,676
Dec 20215514,49171.323.90$60,425
Nov 20215814,93177.435.24$82,682
Oct 20214816,27979.795.71$96,846
Sep 20214915,73369.865.35$87,609
Aug 20214716,38866.024.22$72,270
Jul 20214816,30270.783.98$68,313
Jun 20213011,87869.493.38$42,240
May 20214013,13263.483.02$42,167
Apr 20215215,74360.362.76$46,565
Mar 20214115,41661.302.72$44,398
Feb 20214414,05357.805.55$80,509
Jan 20215316,63850.412.81$49,429
Dec 20205415,29044.642.68$43,318
Nov 20205215,22338.772.71$43,218
Oct 20205618,39136.972.48$47,651
Sep 20205518,23637.091.99$38,349
Aug 20204816,99139.982.39$42,444
Jul 20205217,01638.371.83$33,051
Jun 20206316,82934.901.69$30,645
May 20207318,15216.921.81$34,177
Apr 20209717,80414.751.80$33,556
Mar 20208718,72730.341.86$37,401
Feb 20207916,69649.881.98$37,010
Jan 20209819,26457.252.09$45,964
Dec 201912118,47859.012.30$49,720
Nov 201911817,36055.302.75$54,278
Oct 201910218,26153.472.42$49,619
Sep 201910918,68455.052.66$55,649
Aug 201911217,68553.112.30$46,701
Jul 201912717,79856.272.46$50,930
Jun 201914522,33152.782.49$63,284
May 20199186658.482.74$7,695
Apr 201913718,42662.632.75$59,265
Mar 201914718,62456.803.06$65,378
Feb 201915216,75850.852.79$54,521
Jan 201915924,39746.033.23$86,077
Dec 201820120,57646.594.19$95,484
Nov 201819516,72552.934.24$81,189
Oct 201832820,02361.443.40$88,192
Sep 201820816,88559.543.11$64,863
Aug 201819220,41559.403.07$74,009
Jul 201819121,18765.142.93$74,559
Jun 201820821,11960.183.08$77,499
May 201814921,16565.382.90$71,137
Apr 201815022,92763.842.90$76,083
Mar 201818024,38461.222.79$78,974
Feb 201814222,29561.782.77$70,443
Jan 201819324,68562.874.01$111,104
Dec 201728324,05457.272.92$86,482
Nov 201725324,05355.423.12$89,027
Oct 201728025,36149.292.98$89,470
Sep 201725325,74547.523.09$91,505
Aug 201725326,54545.373.00$91,230
Jul 201717326,34143.873.09$88,912
Jun 201725326,38842.493.09$92,217
May 201720526,07645.373.26$94,397
Apr 201715827,67747.933.21$96,460
Mar 201717829,42246.772.98$96,111
Feb 201715327,18450.452.95$87,982
Jan 201717930,33149.413.42$112,540
Dec 201618631,28148.763.72$125,523
Nov 201619131,05742.492.64$90,241
Oct 201617733,34846.193.09$111,230
Sep 201619733,49041.553.10$112,025
Aug 201621333,15641.442.92$105,786
Jul 201624235,24741.622.92$113,146
Jun 201617433,65245.352.69$98,274
May 201628743,41342.521.99$98,640
Apr 201629443,63436.561.99$97,626
Mar 201627841,71933.011.79$84,021
Feb 201631045,31126.472.06$101,711
Jan 201631953,90327.352.36$136,171
Dec 2015474,23932.362.00$10,005
Nov 201531648,88938.792.17$118,216
Oct 201536056,49443.552.43$152,765
Sep 201529959,29542.992.76$176,415
Aug 201528465,18640.162.87$198,652
Jul 201531171,13948.152.95$224,485
Jun 20159926,81156.152.88$82,851
May 201518832,87155.212.96$107,528
Apr 201560382,28249.822.71$252,743
Mar 201526331,99042.892.93$105,161
Feb 201562277,46044.662.98$258,314
Jan 201563194,01143.433.10$318,898
Dec 2014910109,19454.693.59$441,923
Nov 20141,108123,20470.464.25$601,913
Oct 20141,356106,63578.303.90$522,154
Sep 20141,884111,13386.164.05$611,907
Aug 20142,327123,66289.394.04$707,002
Jul 20142,948138,04496.564.18$861,628
Jun 201481137,40498.164.74$256,786
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$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           182 bbl  × $106.41 =    $19,367
Gas                9,222 Mcf  × $  3.05 =    $28,089

────────────────────────────────────────────────────
Month total                                  $47,455

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/274254 is the state's own key, not one this site invented.