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 95987District 06Field 16032174NGPA filingCondensateGasSaveExport
Value, all time
$4.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$103 k
at the published price for each month
Months reported
401
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
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
CondensateDisposition39,638 bbl$1,574,351
GasProduction1,074,285 Mcf$3,301,254
Total$4,875,605

237,915 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 32.1207, -94.4705. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.12074, -94.47054 · 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
9,901 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 9,901 ft.

Completions filed
Aug 1983
1 of 1 wells

1 well

42-3653124129,901 ftAug 1983

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 (401)

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

401 months

May 2026271,907106.413.05$8,681
Apr 2026241,65998.932.87$7,135
Mar 2026241,76489.753.15$7,710
Feb 2026201,48463.503.75$6,835
Jan 2026231,96559.138.00$17,076
Dec 2025232,06156.664.41$10,399
Nov 2025262,01558.593.93$9,435
Oct 2025171,74659.383.30$6,780
Sep 2025181,90462.743.08$6,988
Aug 2025211,97763.933.01$7,303
Jul 2025182,08666.743.32$8,117
Jun 2025141,94266.483.13$7,007
May 2025221,95760.553.23$7,658
Apr 2025252,12862.363.54$9,099
Mar 2025362,17367.704.27$11,712
Feb 2025221,99170.884.34$10,202
Jan 2025282,56174.324.28$13,039
Dec 2024233,92068.993.12$13,823
Nov 2024161,99369.052.20$5,486
Oct 2024131,98071.372.28$5,445
Sep 2024101,24269.612.36$3,633
Aug 202491,14475.632.06$3,041
Jul 2024102,07279.932.15$5,247
Jun 202491,87578.082.63$5,641
May 2024271,95578.812.20$6,426
Apr 2024222,19684.451.66$5,502
Mar 2024222,33180.301.55$5,368
Feb 2024252,04276.091.78$5,544
Jan 2024231,99473.023.30$8,255
Dec 2023252,13671.262.61$7,358
Nov 2023171,90977.892.81$6,684
Oct 2023131,92785.443.09$7,060
Sep 2023182,00989.042.74$7,097
Aug 2023122,76780.522.67$8,362
Jul 202381,23174.852.64$3,851
Jun 2023121,13468.962.26$3,389
May 2023131,32770.622.23$3,874
Apr 2023121,71978.122.24$4,784
Mar 2023152,40072.852.39$6,836
Feb 2023191,85275.112.47$5,994
Jan 2023171,90176.533.39$7,741
Dec 2022231,98676.415.73$13,135
Nov 2022221,83085.005.65$12,203
Oct 2022162,20187.185.86$14,301
Sep 2022141,93484.888.16$16,977
Aug 2022151,96794.529.13$19,371
Jul 2022152,363101.587.54$19,346
Jun 20224383115.097.98$3,516
May 20225887109.378.43$8,027
Apr 20228884104.226.84$6,878
Mar 20229984108.885.08$5,975
Feb 2022151,54191.054.86$8,853
Jan 2022182,59581.844.54$13,248
Dec 2021192,42671.323.90$10,814
Nov 2021132,36077.435.24$13,366
Oct 2021172,74379.795.71$17,030
Sep 2021142,13669.865.35$12,408
Aug 2021182,50466.024.22$11,757
Jul 2021162,90970.783.98$12,716
Jun 2021152,21669.493.38$8,534
May 2021132,42363.483.02$8,137
Apr 202161,76160.362.76$5,220
Mar 202102,40661.302.72$6,537
Feb 202101,68857.805.55$9,365
Jan 202102,94050.412.81$8,262
Dec 202001,19044.642.68$3,184
Nov 2020202,74638.772.71$8,208
Oct 2020112,12736.972.48$5,678
Sep 2020191,68937.091.99$4,068
Aug 2020182,45939.982.39$6,585
Jul 2020222,21038.371.83$4,878
Jun 2020201,12334.901.69$2,596
May 2020231,91416.921.81$3,863
Apr 2020191,16514.751.80$2,382
Mar 2020261,58830.341.86$3,737
Feb 2020382,19649.881.98$6,245
Jan 2020412,62357.252.09$7,842
Dec 2019442,64759.012.30$8,696
Nov 2019442,83655.302.75$10,234
Oct 2019473,54553.472.42$11,087
Sep 2019342,24755.052.66$7,843
Aug 2019453,67853.112.30$10,865
Jul 2019443,20156.272.46$10,351
Jun 2019302,09252.782.49$6,795
May 2019613,77958.482.74$13,923
Apr 2019402,72162.632.75$9,990
Mar 2019452,95056.803.06$11,589
Feb 2019442,75950.852.79$9,941
Jan 2019553,05046.033.23$12,378
Dec 2018573,18946.594.19$16,003
Nov 2018372,79352.934.24$13,793
Oct 2018271,72861.443.40$7,531
Sep 2018251,73359.543.11$6,875
Aug 2018342,30759.403.07$9,094
Jul 2018342,51165.142.93$9,577
Jun 2018282,46960.183.08$9,282
May 2018332,55165.382.90$9,557
Apr 2018251,64563.842.90$6,368
Mar 2018291,95361.222.79$7,218
Feb 2018321,73461.782.77$6,773
Jan 2018342,42262.874.01$11,848
Dec 2017443,12157.272.92$11,638
Nov 2017415,52955.423.12$19,514
Oct 2017413,22149.292.98$11,631
Sep 2017493,04047.523.09$11,714
Aug 2017463,36845.373.00$12,206
Jul 2017572,48143.873.09$10,160
Jun 2017502,04942.493.09$8,450
May 2017512,91745.373.26$11,833
Apr 2017573,16647.933.21$12,900
Mar 2017623,26546.772.98$12,641
Feb 2017582,94250.452.95$11,613
Jan 2017633,34349.413.42$14,542
Dec 2016673,33448.763.72$15,679
Nov 2016643,24542.492.64$11,300
Oct 2016513,34646.193.09$12,696
Sep 2016483,24341.553.10$12,050
Aug 2016403,54441.442.92$12,021
Jul 2016403,64541.622.92$12,324
Jun 2016413,57345.352.69$11,456
May 2016493,55042.521.99$9,152
Apr 2016593,39936.561.99$8,925
Mar 2016613,54733.011.79$8,377
Feb 2016563,24526.472.06$8,179
Jan 2016643,43527.352.36$9,872
Dec 2015773,51332.362.00$9,523
Nov 2015603,72138.792.17$10,392
Oct 2015504,11543.552.43$12,163
Sep 2015504,20042.992.76$13,735
Aug 2015534,37040.162.87$14,681
Jul 2015604,50148.152.95$16,145
Jun 2015574,55556.152.88$16,332
May 2015555,28955.212.96$18,668
Apr 2015614,84049.822.71$16,139
Mar 2015676,27642.892.93$21,292
Feb 2015145,77044.662.98$17,798
Jan 20151994143.433.10$3,743
Dec 2014201,11654.693.59$5,102
Nov 20141997370.464.25$5,476
Oct 20142098978.303.90$5,424
Sep 2014151,09086.164.05$5,702
Aug 2014161,16289.394.04$6,119
Jul 2014161,09896.564.18$6,134
Jun 2014161,13998.164.74$6,966
May 2014441,27694.734.73$10,199
Apr 2014421,31695.944.81$10,358
Mar 2014341,31595.895.06$9,910
Feb 2014371,21297.406.19$11,109
Jan 2014341,41490.404.86$9,947
Dec 2013351,30691.824.35$8,901
Nov 2013301,33288.853.74$7,645
Oct 2013341,52397.423.78$9,068
Sep 2013281,217104.113.72$7,440
Aug 2013281,272104.253.52$7,400
Jul 2013321,269102.523.72$7,998
Jun 2013281,35494.403.93$7,969
May 2013281,60094.834.15$9,294
Apr 2013341,30193.964.28$8,766
Mar 2013321,29793.623.91$8,071
Feb 2013341,43791.233.42$8,016
Jan 2013461,41691.603.42$9,056
Dec 2012351,28586.773.42$7,432
Nov 2012321,37286.953.62$7,756
Oct 2012351,31889.383.40$7,609
Sep 2012271,45594.672.92$6,802
Aug 2012331,56192.662.91$7,597
Jul 2012351,47385.133.02$7,429
Jun 2012331,00279.822.52$5,158
May 2012371,20991.612.49$6,398
Apr 2012671,224101.652.00$9,255
Mar 2012851,256105.052.22$11,720
Feb 2012771,132101.102.57$10,694
Jan 20121101,38098.092.73$14,563
Dec 20111111,17396.873.24$14,553
Nov 20118886595.723.31$11,288
Oct 20111011,53884.983.65$14,194
Sep 20117950683.623.99$8,623
Aug 20111211,40583.404.15$15,921
Jul 20111121,40594.144.52$16,890
Jun 20111251,38192.904.64$18,020
May 20111441,51698.134.40$20,808
Apr 201111,034105.964.33$4,587
Mar 2011196496.364.06$4,008
Feb 2011187985.644.18$3,760
Jan 201111,04286.504.59$4,868
Dec 201011,02885.734.35$4,555
Nov 201011,28580.843.80$4,958
Oct 201011,49778.103.51$5,331
Sep 201011,29672.633.98$5,230
Aug 2010096873.684.42$4,278
Jul 201011,21072.554.74$5,804
Jun 201011,32470.364.91$6,572
May 201011,41371.124.24$6,055
Apr 201011,42681.694.12$5,961
Mar 201011,46478.394.39$6,503
Feb 201011,17673.585.44$6,474
Jan 201011,98374.365.96$11,901
Dec 20091871.445.48$115
Nov 200911,09374.593.75$4,175
Oct 200911,28572.544.11$5,354
Sep 200911,29765.543.06$4,041
Aug 200911,29967.423.22$4,248
Jul 200911,52261.133.46$5,334
Jun 200912,73966.163.90$10,735
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 200916042.144.06$674
Feb 200952332.814.63$271
Jan 20091731135.865.37$2,280
Dec 2008711,00337.105.98$8,629
Nov 20084388955.496.86$8,485
Oct 20087294175.246.92$11,931
Sep 200818516101.767.88$5,896
Aug 200853788114.228.48$12,738
Jul 200872802131.0811.39$18,572
Jun 2008541,521131.3313.03$26,914
May 2008521,967123.1711.57$29,171
Apr 2008911,609110.3110.45$26,860
Mar 200871795101.909.66$14,918
Feb 2008731,15892.538.77$16,911
Jan 2008702,63290.388.21$27,924
Dec 2007742,68088.337.30$26,106
Nov 2007732,61291.677.29$25,738
Oct 2007711,59582.856.92$16,923
Sep 20077349475.846.24$8,621
Aug 200712781169.066.39$13,951
Jul 200724896170.906.39$23,722
Jun 20072571,00662.007.55$23,528
May 20073241,10158.747.85$27,671
Apr 20073341,18359.617.81$29,143
Mar 200730896256.927.30$24,556
Feb 2007215255.108.22$11,863
Jan 200720023450.306.73$11,634
Dec 200615781356.656.92$14,519
Nov 200623477454.207.62$18,579
Oct 200637881254.906.01$25,635
Sep 200616887560.085.04$14,501
Aug 200633886568.717.34$29,573
Jul 200631093369.376.34$27,423
Jun 200623097466.286.38$21,462
May 20062361,21366.016.42$23,372
Apr 20063531,03664.397.36$30,355
Mar 20063481,07156.707.08$27,317
Feb 20062651,08557.597.75$23,671
Jan 20063521,32760.598.93$33,182
Dec 20053511,58054.9413.42$40,480
Nov 20054361,46654.6910.59$39,367
Oct 20053501,78558.3413.80$45,044
Sep 20053481,85661.4512.08$43,803
Aug 20052602,35261.519.80$39,035
Jul 20052612,29955.697.84$32,568
Jun 20053472,50752.337.38$36,663
May 20053482,24345.226.65$30,655
Apr 20055442,86249.207.36$47,830
Mar 20058615,18950.377.15$80,495
Feb 2005953,28445.226.31$25,024
Jan 2005993,46243.166.32$26,160
Dec 20042173,73039.866.75$33,831
Nov 200403,64045.286.33$23,043
Oct 20042243,71649.706.52$35,343
Sep 20042303,61343.245.28$29,036
Aug 20042222,97842.375.55$25,936
Jul 20042233,61338.286.08$30,519
Jun 20042253,64236.106.43$31,552
May 20041103,76837.486.49$28,594
Apr 20041103,71034.475.86$25,527
Mar 20041113,75334.365.53$24,569
Feb 20042273,14132.455.51$24,672
Jan 20042303,56832.036.30$29,844
Dec 20032263,64330.266.30$29,796
Nov 20032223,57428.804.60$22,817
Oct 20031133,66828.174.76$20,642
Sep 20032223,61326.314.75$23,000
Aug 20032213,71329.765.13$25,624
Jul 20031103,62129.415.17$21,959
Jun 20031103,84028.565.98$26,116
May 20031114,16326.595.97$27,816
Apr 20032244,04026.675.41$27,819
Mar 20032253,70331.146.10$29,580
Feb 20031133,00833.487.93$27,624
Jan 20032263,33130.315.58$25,444
Dec 20021133,39226.914.85$19,505
Nov 20022243,27624.664.14$19,077
Oct 20021123,22326.464.23$16,594
Sep 20023323,23527.443.64$20,870
Aug 20021043,36425.963.16$13,344
Jul 20022013,20324.583.06$14,747
Jun 20022013,27523.733.34$15,702
May 20022053,42424.663.58$17,327
Apr 20023073,47423.653.51$19,462
Mar 20022073,33822.003.10$14,911
Feb 20023113,42418.222.38$13,801
Jan 20023113,42217.172.38$13,469
Dec 20013093,44016.932.36$13,365
Nov 20012073,35118.072.41$11,801
Oct 20013083,52819.782.53$15,014
Sep 20013053,39824.262.25$15,049
Aug 20012023,58124.873.05$15,957
Jul 20012043,64023.933.20$16,519
Jun 20012023,58724.563.82$18,678
May 20012043,53325.524.31$20,424
Apr 20013082,64324.685.34$21,703
Mar 20013083,73324.545.38$27,629
Feb 20013023,53627.755.77$28,773
Jan 20013663,69627.478.40$41,096
Dec 20002413,90426.889.12$42,092
Nov 20001693,28332.215.66$24,019
Oct 2000783,30531.235.15$19,442
Sep 2000633,32131.875.19$19,232
Aug 2000573,95929.644.54$19,666
Jul 2000643,80028.534.09$17,367
Jun 2000703,65829.304.40$18,136
May 2000663,69027.263.68$15,377
Apr 2000623,69924.513.12$13,046
Mar 2000813,76028.422.86$13,055
Feb 2000623,50627.622.73$11,272
Jan 2000793,65025.272.48$11,050
Dec 1999653,75924.282.42$10,689
Nov 1999793,75423.192.43$10,969
Oct 1999793,96620.982.80$12,777
Sep 1999923,93821.752.62$12,314
Aug 19991784,43119.262.88$16,170
Jul 19994194,49417.892.37$18,157
Jun 19993384,49215.942.36$15,998
May 19994244,88415.792.32$18,031
Apr 19993993,61515.102.21$14,007
Mar 19993952,64712.471.84$9,792
Feb 19992922,6119.981.82$7,660
Jan 19993982,76210.381.90$9,379
Dec 19983802,9329.201.77$8,695
Nov 19981411,75710.892.19$5,376
Oct 19981352,52112.421.97$6,641
Sep 1998911,78512.592.08$4,863
Aug 19981462,68611.301.91$6,773
Jul 19981502,46511.742.24$7,276
Jun 19981313,37611.242.24$9,025
May 1998573,89512.622.21$9,313
Apr 1998663,10913.042.51$8,650
Mar 1998423,49512.802.31$8,609
Feb 1998523,03113.952.30$7,694
Jan 1998533,12414.702.15$7,511
Dec 1997602,84416.322.41$7,836
Nov 1997843,45918.193.09$12,210
Oct 1997523,65419.253.15$12,510
Sep 1997643,19417.742.95$10,573
Aug 19971254,05317.862.55$12,587
Jul 19971133,60417.582.25$10,085
Jun 19971203,58517.242.26$10,161
May 19971303,77818.972.31$11,188
Apr 19971683,41217.882.08$10,110
Mar 19971303,80118.951.94$9,834
Feb 1997913,61420.492.21$9,837
Jan 19971213,78023.483.54$16,221
Dec 1996643,78823.32$1,492
Nov 1996633,92521.97$1,384
Oct 1996654,64723.31$1,515
Sep 1996344,35322.22$755
Aug 1996604,49720.26$1,216
Jul 19961094,02819.55$2,131
Jun 1996563,96318.73$1,049
May 1996564,58919.43$1,088
Apr 1996814,16421.51$1,742
Mar 1996564,56019.38$1,085
Feb 1996584,46016.98$985
Jan 1996564,84417.07$956
Dec 1995684,54917.19$1,169
Nov 1995934,41816.00$1,488
Oct 1995884,50115.43$1,358
Sep 1995914,04016.18$1,472
Aug 1995904,49415.92$1,433
Jul 1995904,70015.24$1,372
Jun 1995784,82416.41$1,280
May 1995644,58217.56$1,124
Apr 1995674,82517.73$1,188
Mar 19951015,15516.44$1,660
Feb 1995884,75316.58$1,459
Jan 19951735,37015.92$2,754
Dec 19941145,12615.03$1,713
Nov 19941155,40015.90$1,829
Oct 19941695,52015.58$2,633
Sep 19941115,30615.29$1,697
Aug 19941165,48016.13$1,871
Jul 19941674,88417.56$2,933
Jun 19941604,41917.09$2,734
May 19941665,16515.88$2,636
Apr 19941665,32414.14$2,347
Mar 19941665,81412.46$2,068
Feb 19941705,59912.50$2,125
Jan 19942156,47212.66$2,722
Dec 19931445,48812.33$1,776
Nov 19932055,43614.49$2,970
Oct 19932155,11315.85$3,408
Sep 19932167,97415.03$3,246
Aug 19931655,51515.66$2,584
Jul 19932164,90615.46$3,339
Jun 19931413,20316.79$2,367
May 19931016,50617.68$1,786
Apr 19931025,49618.05$1,841
Mar 1993825,02318.14$1,487
Feb 19931035,11717.90$1,844
Jan 19931055,60016.93$1,778

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            27 bbl  × $106.41 =     $2,873
Gas                1,907 Mcf  × $  3.05 =     $5,808

────────────────────────────────────────────────────
Month total                                   $8,681

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/95987 is the state's own key, not one this site invented.