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REED ESTATE UNIT

Operated by RFE OPERATING, LLC (P-5 704776) in the CARTHAGE (TRAVIS PEAK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 278038District 06Field 16032812GasSaveExport
Value, all time
$15 k
Jul 2015 – May 2026
Value, last 12 filed months
$305
at the published price for each month
Months reported
131
no gaps in the span
Streams
1
gas

The CARTHAGE (TRAVIS PEAK) 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 873 leases and 896 wells, and the rule below applies to all of them.

Discovered
1943-06-10
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2006-10-10.

The Commission's schedule remark for this field reads: “(PETTIT, LOWER).”

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
GasProduction5,034 Mcf$14,648
Total$14,648

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 32.1176, -94.4939. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.11762, -94.49390 · 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
10,203 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 10,203 ft.

Completions filed
Feb 2001
1 of 1 wells

1 well

42-36531726210,203 ftFeb 2001——

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 (131)

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

131 months

May 20260106.413.05$0
Apr 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 20251456.664.41$62
Nov 20251458.593.93$55
Oct 20254259.383.30$139
Sep 2025962.743.08$28
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025766.483.13$22
May 2025760.553.23$23
Apr 20251562.363.54$53
Mar 20251067.704.27$43
Feb 20251670.884.34$69
Jan 20251474.324.28$60
Dec 20241668.993.12$50
Nov 20241869.052.20$40
Oct 20242071.372.28$46
Sep 20241469.612.36$33
Aug 20241275.632.06$25
Jul 20241279.932.15$26
Jun 20241378.082.63$34
May 20241578.812.20$33
Apr 20241584.451.66$25
Mar 20241080.301.55$15
Feb 20244076.091.78$71
Jan 20244073.023.30$132
Dec 2023871.262.61$21
Nov 20231877.892.81$51
Oct 20231785.443.09$52
Sep 20231489.042.74$38
Aug 20232080.522.67$53
Jul 20233074.852.64$79
Jun 20237268.962.26$163
May 20231370.622.23$29
Apr 20233478.122.24$76
Mar 20232072.852.39$48
Feb 20235275.112.47$128
Jan 20235076.533.39$169
Dec 20221476.415.73$80
Nov 20221085.005.65$56
Oct 20221187.185.86$65
Sep 20221584.888.16$122
Aug 20221594.529.13$137
Jul 202214101.587.54$106
Jun 202213115.097.98$104
May 202215109.378.43$127
Apr 202215104.226.84$103
Mar 202214108.885.08$71
Feb 2022491.054.86$19
Jan 2022481.844.54$18
Dec 2021471.323.90$16
Nov 2021677.435.24$31
Oct 2021779.795.71$40
Sep 2021669.865.35$32
Aug 2021566.024.22$21
Jul 2021670.783.98$24
Jun 20211169.493.38$37
May 20211463.483.02$42
Apr 20211960.362.76$52
Mar 20211061.302.72$27
Feb 20211557.805.55$83
Jan 20212050.412.81$56
Dec 20201844.642.68$48
Nov 20201938.772.71$51
Oct 20201936.972.48$47
Sep 20201837.091.99$36
Aug 20201439.982.39$33
Jul 20202138.371.83$38
Jun 20202134.901.69$36
May 20202116.921.81$38
Apr 20202514.751.80$45
Mar 20203030.341.86$56
Feb 20203149.881.98$61
Jan 20203657.252.09$75
Dec 20193759.012.30$85
Nov 20197055.302.75$193
Oct 201911153.472.42$268
Sep 20195655.052.66$149
Aug 20196553.112.30$150
Jul 201911556.272.46$283
Jun 20197152.782.49$177
May 201930058.482.74$822
Apr 2019062.632.75$0
Mar 2019056.803.06$0
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 20189659.543.11$298
Aug 20187959.403.07$242
Jul 20184365.142.93$126
Jun 20184560.183.08$138
May 20182265.382.90$64
Apr 20182563.842.90$73
Mar 20188561.222.79$237
Feb 20185961.782.77$163
Jan 201810562.874.01$421
Dec 20173057.272.92$88
Nov 20175755.423.12$178
Oct 201714349.292.98$427
Sep 20171447.523.09$43
Aug 201710045.373.00$300
Jul 201710943.873.09$337
Jun 201712842.493.09$395
May 201712445.373.26$405
Apr 201710647.933.21$340
Mar 201710946.772.98$325
Feb 20179350.452.95$275
Jan 201715849.413.42$540
Dec 2016048.763.72$0
Nov 201615642.492.64$413
Oct 201614146.193.09$436
Sep 201610041.553.10$310
Aug 201610541.442.92$307
Jul 201613841.622.92$404
Jun 20168245.352.69$220
May 201612542.521.99$249
Apr 201614636.561.99$291
Mar 201618433.011.79$330
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 2015032.362.00$0
Nov 2015038.792.17$0
Oct 2015043.552.43$0
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 20154148.152.95$121

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.

Dec 2025 — as filed, then multipliedworked
Gas                   14 Mcf  × $  4.41 =        $62

────────────────────────────────────────────────────
Month total                                      $62

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/278038 is the state's own key, not one this site invented.