REED, M. H. ESTATE "27"

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the HALEY (LWR. WOLFCAMP-PENN CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 107967District 08Field 38118300NGPA filingCondensateGasSaveExport
Value, all time
$19.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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 193 leases and 193 wells, and the rule below applies to all of them.

Discovered
2005-01-13
as the register files it
Field class
Gas
the register's own label
Between wells
2,640 ft
minimum
From a lease line
1,320 ft
minimum

A drilling unit in this field needs at least 640 acres. The field rule took effect on 2005-01-13.

The Commission's schedule remark for this field reads: EXCEPT FOR THE SHUT IN WELLHEAD PRESSURE.

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
CondensateDisposition1 bbl$34
GasProduction7,057,280 Mcf$19,881,353
Total$19,881,387

2,196,986 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 31.7761, -103.4390. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.77607, -103.43897 · 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
17,910 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 17,910 ft.

Completions filed
Jul 2001
1 of 1 wells

1 well

42-30130418117,910 ftJul 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 (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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 2021024063.483.02$724
Apr 202101,44060.362.76$3,972
Mar 202101,48861.302.72$4,043
Feb 202101,34457.805.55$7,456
Jan 202101,48850.412.81$4,182
Dec 202001,48844.642.68$3,981
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 2020086439.982.39$2,061
Jul 202001,48838.371.83$2,716
Jun 202001,44734.901.69$2,446
May 202001,48816.921.81$2,700
Apr 202001,44014.751.80$2,598
Mar 202001,48830.341.86$2,762
Feb 202001,39249.881.98$2,757
Jan 202001,48857.252.09$3,117
Dec 201901,48859.012.30$3,429
Nov 201901,44055.302.75$3,961
Oct 201901,48853.472.42$3,599
Sep 201903,52155.052.66$9,356
Aug 201904,98153.112.30$11,478
Jul 201904,38556.272.46$10,787
Jun 201904,10352.782.49$10,221
May 201905,48158.482.74$15,020
Apr 201905,54662.632.75$15,255
Mar 201903,96856.803.06$12,150
Feb 201903,65950.852.79$10,217
Jan 201903,29346.033.23$10,630
Dec 201804,51246.594.19$18,885
Nov 201805,63552.934.24$23,877
Oct 201804,56361.443.40$15,505
Sep 201803,29759.543.11$10,247
Aug 201802,22559.403.07$6,823
Jul 201804,25765.142.93$12,481
Jun 201804,88560.183.08$15,031
May 201805,75565.382.90$16,694
Apr 201804,45763.842.90$12,929
Mar 201801,97261.222.79$5,496
Feb 201804,64261.782.77$12,840
Jan 201803,65162.874.01$14,638
Dec 201703,90757.272.92$11,414
Nov 201702,51055.423.12$7,827
Oct 201705,72249.292.98$17,073
Sep 201705,16947.523.09$15,958
Aug 201705,37645.373.00$16,152
Jul 201705,47943.873.09$16,915
Jun 201705,97042.493.09$18,431
May 201705,99245.373.26$19,554
Apr 201705,53547.933.21$17,776
Mar 201706,14846.772.98$18,344
Feb 201705,51350.452.95$16,278
Jan 201705,22249.413.42$17,853
Dec 201604,48548.763.72$16,697
Nov 201606,02542.492.64$15,932
Oct 201603,99946.193.09$12,358
Sep 201604,72141.553.10$14,638
Aug 201605,13041.442.92$15,002
Jul 201605,75541.622.92$16,830
Jun 201605,43645.352.69$14,600
May 201605,70942.521.99$11,367
Apr 201605,58236.561.99$11,114
Mar 201605,99833.011.79$10,760
Feb 201605,52126.472.06$11,393
Jan 201605,61427.352.36$13,274
Dec 201506,08432.362.00$12,177
Nov 201506,11138.792.17$13,245
Oct 201506,15843.552.43$14,943
Sep 20150042.992.76$0
Aug 201506,65440.162.87$19,114
Jul 201504,58148.152.95$13,491
Jun 201506,04456.152.88$17,424
May 201504,73255.212.96$13,985
Apr 201503,92449.822.71$10,621
Mar 201502,38942.892.93$7,011
Feb 201505,06544.662.98$15,074
Jan 201504,60943.433.10$14,291
Dec 201407,99854.693.59$28,724
Nov 201403,80770.464.25$16,187
Oct 201407,79078.303.90$30,388
Sep 201408,40386.164.05$33,994
Aug 2014011,35189.394.04$45,803
Jul 2014011,17196.564.18$46,690
Jun 2014011,04198.164.74$52,300
May 201408,43194.734.73$39,850
Apr 2014012,05895.944.81$57,988
Mar 2014012,16395.895.06$61,506
Feb 20140097.406.19$0
Jan 2014011,12990.404.86$54,095
Dec 201309,89391.824.35$43,079
Nov 2013013,50588.853.74$50,485
Oct 2013015,08097.423.78$56,993
Sep 2013013,598104.113.72$50,554
Aug 2013014,826104.253.52$52,226
Jul 2013014,495102.523.72$53,889
Jun 2013013,84594.403.93$54,458
May 2013011,65294.834.15$48,345
Apr 2013014,09993.964.28$60,380
Mar 2013013,64293.623.91$53,379
Feb 2013011,72191.233.42$40,085
Jan 2013012,47091.603.42$42,646
Dec 2012016,31986.773.42$55,814
Nov 2012014,60086.953.62$52,924
Oct 2012014,94289.383.40$50,798
Sep 2012014,94794.672.92$43,621
Aug 2012016,25192.662.91$47,261
Jul 2012017,83485.133.02$53,873
Jun 2012013,47079.822.52$33,931
May 2012010,92391.612.49$27,180
Apr 2012016,742101.652.00$33,430
Mar 2012016,009105.052.22$35,573
Feb 2012014,721101.102.57$37,837
Jan 2012016,56898.092.73$45,298
Dec 2011017,76296.873.24$57,544
Nov 2011018,29295.723.31$60,570
Oct 2011017,90484.983.65$65,323
Sep 2011018,95783.623.99$75,559
Aug 2011019,28483.404.15$80,015
Jul 2011019,88094.144.52$89,803
Jun 2011020,30692.904.64$94,217
May 2011021,67298.134.40$95,461
Apr 2011019,694105.964.33$85,340
Mar 2011022,66796.364.06$91,968
Feb 2011019,93585.644.18$83,328
Jan 2011022,79986.504.59$104,620
Dec 2010021,29685.734.35$92,590
Nov 2010021,48980.843.80$81,558
Oct 2010021,47978.103.51$75,367
Sep 2010023,94372.633.98$95,280
Aug 2010024,26073.684.42$107,214
Jul 2010025,90972.554.74$122,718
Jun 2010022,66070.364.91$111,270
May 2010024,42571.124.24$103,445
Apr 2010024,94481.694.12$102,836
Mar 2010023,39478.394.39$102,669
Feb 201007,02573.585.44$38,233
Jan 2010010,78074.365.96$64,293
Dec 200909,51171.445.48$52,156
Nov 2009011,42974.593.75$42,876
Oct 2009013,21872.544.11$54,329
Sep 2009010,57265.543.06$32,401
Aug 2009010,54667.423.22$33,942
Jul 2009014,03561.133.46$48,624
Jun 200906,18566.163.90$24,091
May 200906,99154.743.93$27,445
Apr 200907,52046.773.59$26,978
Mar 200906,85942.144.06$27,841
Feb 200905,60732.814.63$25,977
Jan 200906,33835.865.37$34,041
Dec 200808,90437.105.98$53,220
Nov 200808,54955.496.86$58,649
Oct 2008011,27275.246.92$78,025
Sep 2008010,315101.767.88$81,252
Aug 2008011,362114.228.48$96,384
Jul 2008010,940131.0811.39$124,600
Jun 200809,884131.3313.03$128,815
May 2008011,218123.1711.57$129,840
Apr 200809,929110.3110.45$103,806
Mar 2008010,244101.909.66$98,999
Feb 200806,41692.538.77$56,272
Jan 200805,16990.388.21$42,415
Dec 200706,37988.337.30$46,579
Nov 200705,55991.677.29$40,535
Oct 200707,05782.856.92$48,848
Sep 200707,26775.846.24$45,376
Aug 200707,18269.066.39$45,878
Jul 20070070.906.39$0
Jun 200708,93062.007.55$67,408
May 200708,66558.747.85$67,988
Apr 200704,84559.617.81$37,816
Mar 200705,42456.927.30$39,606
Feb 200705,51355.108.22$45,295
Jan 200706,67050.306.73$44,868
Dec 200607,52556.656.92$52,061
Nov 200607,95454.207.62$60,589
Oct 2006011,29654.906.01$67,932
Sep 200607,29060.085.04$36,721
Aug 200607,43468.717.34$54,565
Jul 200608,11869.376.34$51,491
Jun 200608,56466.286.38$54,672
May 200609,66666.016.42$62,104
Apr 200608,42164.397.36$61,983
Mar 200609,07856.707.08$64,299
Feb 200608,83757.597.75$68,497
Jan 2006010,21960.598.93$91,290
Dec 2005010,74454.9413.42$144,135
Nov 2005011,99854.6910.59$127,040
Oct 2005013,52658.3413.80$186,601
Sep 2005016,92261.4512.08$204,401
Aug 2005013,34661.519.80$130,749
Jul 2005013,64555.697.84$107,026
Jun 2005016,37952.337.38$120,894
May 2005014,83045.226.65$98,637
Apr 2005015,02549.207.36$110,591
Mar 2005017,00850.377.15$121,690
Feb 2005016,75145.226.31$105,731
Jan 2005019,31243.166.32$122,094
Dec 2004020,22439.866.75$136,534
Nov 2004024,52345.286.33$155,241
Oct 2004028,03049.706.52$182,618
Sep 2004020,35943.245.28$107,575
Aug 2004022,39142.375.55$124,285
Jul 2004022,76738.286.08$138,519
Jun 2004024,83636.106.43$159,770
May 2004026,07437.486.49$169,340
Apr 2004022,27834.475.86$130,515
Mar 2004124,93534.365.53$137,928
Feb 2004029,53132.455.51$162,705
Jan 2004032,23232.036.30$203,050
Dec 2003030,17930.266.30$190,177
Nov 2003032,20028.804.60$147,964
Oct 2003028,47928.174.76$135,550
Sep 2003023,52026.314.75$111,705
Aug 2003028,99829.765.13$148,752
Jul 2003029,39529.415.17$151,997
Jun 2003027,15328.565.98$162,455
May 2003027,99526.595.97$167,205
Apr 2003030,22426.675.41$163,430
Mar 2003034,04631.146.10$207,546
Feb 2003032,13733.487.93$254,714
Jan 2003037,99730.315.58$212,101
Dec 2002040,63126.914.85$197,213
Nov 2002037,60224.664.14$155,558
Oct 2002041,26726.464.23$174,523
Sep 2002039,39427.443.64$143,205
Aug 2002041,40525.963.16$131,012
Jul 2002040,42424.583.06$123,769
Jun 2002049,95423.733.34$166,758
May 2002055,06024.663.58$197,335
Apr 2002056,30423.653.51$197,758
Mar 2002059,84722.003.10$185,688
Feb 2002055,41018.222.38$131,636
Jan 2002062,67117.172.38$148,886
Dec 2001058,01716.932.36$137,175
Nov 2001063,58518.072.41$152,955
Oct 2001068,30719.782.53$172,740
Sep 2001061,68024.262.25$138,861
Aug 2001067,33124.873.05$205,572
Jul 200107,86023.933.20$25,129
Jun 200101024.563.82$38
May 2001015,85425.524.31$68,288
Apr 2001019,26524.685.34$102,785
Mar 2001020,92024.545.38$112,475
Feb 2001019,78527.755.77$114,102
Jan 2001021,45427.478.40$180,187
Dec 2000022,20826.889.12$202,592
Nov 2000021,79132.215.66$123,293
Oct 2000022,95231.235.15$118,100
Sep 2000022,19531.875.19$115,114
Aug 2000024,01129.644.54$109,028
Jul 2000024,41128.534.09$99,835
Jun 2000021,15229.304.40$93,011
May 2000024,02327.263.68$88,399
Apr 2000023,67424.513.12$73,768
Mar 2000024,18628.422.86$69,166
Feb 2000023,30327.622.73$63,536
Jan 2000025,14825.272.48$62,380
Dec 1999026,67324.282.42$64,648
Nov 1999027,21123.192.43$66,231
Oct 1999027,37820.982.80$76,760
Sep 1999028,67021.752.62$75,082
Aug 1999027,74319.262.88$79,778
Jul 1999028,23417.892.37$66,981
Jun 1999028,76515.942.36$67,946
May 1999017,13615.792.32$39,773
Apr 1999027,89115.102.21$61,585
Mar 1999029,46612.471.84$54,168
Feb 1999028,5459.981.82$51,889
Jan 1999028,17310.381.90$53,527
Dec 1998028,7669.201.77$51,011
Nov 1998030,31010.892.19$66,249
Oct 1998026,13512.421.97$51,465
Sep 1998026,33712.592.08$54,850
Aug 1998030,09311.301.91$57,398
Jul 1998033,28111.742.24$74,459
Jun 1998029,33011.242.24$65,619
May 1998029,06612.622.21$64,129
Apr 1998031,73513.042.51$79,507
Mar 1998034,03812.802.31$78,609
Feb 1998029,88213.952.30$68,703
Jan 1998034,12114.702.15$73,524
Dec 1997034,29816.322.41$82,696
Nov 1997032,82918.193.09$101,384
Oct 1997036,47819.253.15$114,899
Sep 1997033,54417.742.95$99,118
Aug 1997034,63917.862.55$88,494
Jul 1997036,50417.582.25$82,022
Jun 1997034,89717.242.26$78,770
May 1997033,91718.972.31$78,297
Apr 1997034,05717.882.08$70,933
Mar 1997034,73018.951.94$67,346
Feb 1997030,24520.492.21$66,717
Jan 1997038,28523.483.54$135,517
Dec 1996036,40123.32$0
Nov 1996035,46621.97$0
Oct 1996037,16523.31$0
Sep 1996037,36222.22$0
Aug 1996035,75820.26$0
Jul 1996036,97319.55$0
Jun 1996036,99518.73$0
May 1996038,21719.43$0
Apr 1996037,02021.51$0
Mar 1996039,90119.38$0
Feb 1996037,58816.98$0
Jan 1996042,37717.07$0
Dec 1995039,39417.19$0
Nov 1995036,23116.00$0
Oct 1995038,28715.43$0
Sep 1995037,56316.18$0
Aug 1995042,68715.92$0
Jul 1995034,21215.24$0
Jun 1995040,54716.41$0
May 1995050,72117.56$0
Apr 1995024,93817.73$0
Mar 1995044,08516.44$0
Feb 1995038,59916.58$0
Jan 1995047,97415.92$0
Dec 1994046,15815.03$0
Nov 1994045,87515.90$0
Oct 1994047,80715.58$0
Sep 1994047,31215.29$0
Aug 1994049,77016.13$0
Jul 1994048,89917.56$0
Jun 1994046,07017.09$0
May 1994053,18915.88$0
Apr 1994049,36414.14$0
Mar 1994051,44212.46$0
Feb 1994047,46612.50$0
Jan 1994053,92412.66$0
Dec 1993054,44712.33$0
Nov 1993054,84014.49$0
Oct 1993050,73715.85$0
Sep 1993058,13615.03$0
Aug 1993051,81915.66$0
Jul 1993059,08215.46$0
Jun 1993057,72616.79$0
May 1993061,43117.68$0
Apr 1993056,97618.05$0
Mar 1993060,62918.14$0
Feb 1993055,50117.90$0
Jan 1993061,92516.93$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 2021 — as filed, then multipliedworked
Condensate             0 bbl  × $ 63.48 =         $0
Gas                  240 Mcf  × $  3.02 =       $724

────────────────────────────────────────────────────
Month total                                     $724

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. 08/G/107967 is the state's own key, not one this site invented.