REED, E. O.

Operated by CHEVRON MIDCONTINENT, L.P. (P-5 147862) in the GOMEZ (DEVONIAN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 190203District 08Field 35708233Hydrogen sulphide fieldCondensateGasSaveExport
Value, all time
$687 k
Oct 2001 – Mar 2015
Value, last 12 filed months
$66 k
at the published price for each month
Months reported
162
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 27 leases and 27 wells, and the rule below applies to all of them.

Discovered
1972-09-21
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 320 acres. The field rule took effect on 2002-02-05.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: VERTICAL WELLS & HORIZONTAL WELLS ON THE SAME LEASE OR POOLED UNIT

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
CondensateDisposition34 bbl$2,024
GasProduction121,692 Mcf$684,813
Total$686,837

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 31.0552, -102.9693. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.05518, -102.96927 · 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
100.0%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,662 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
1100.0%
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.
00.0%

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 9,662 ft.

Completions filed
Mar 2015
1 of 1 wells

1 well

42-371335391A9,662 ftMar 2015Yes

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 (162)

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

162 months

Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 201402,04078.303.90$7,958
Sep 201401,06186.164.05$4,292
Aug 201403,74389.394.04$15,103
Jul 201403,46296.564.18$14,470
Jun 201404,61298.164.74$21,846
May 2014043794.734.73$2,066
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 201404,05590.404.86$19,710
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 201201685.133.02$48
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 2012017398.092.73$473
Dec 20110096.873.24$0
Nov 201105295.723.31$172
Oct 2011036884.983.65$1,343
Sep 201102,28183.623.99$9,092
Aug 201104,36583.404.15$18,112
Jul 201108094.144.52$361
Jun 2011025092.904.64$1,160
May 201103,82098.134.40$16,826
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 201001,25770.364.91$6,172
May 201002,79371.124.24$11,829
Apr 20100081.694.12$0
Mar 2010016278.394.39$711
Feb 2010070473.585.44$3,831
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 2009196465.543.06$3,020
Aug 200941,13267.423.22$3,913
Jul 200921,02961.133.46$3,687
Jun 2009139366.163.90$1,597
May 2009299554.743.93$4,016
Apr 200901,18646.773.59$4,255
Mar 2009282342.144.06$3,425
Feb 200911,27532.814.63$5,940
Jan 200911,36235.865.37$7,351
Dec 2008190237.105.98$5,428
Nov 200841,73055.496.86$12,090
Oct 200811,55675.246.92$10,846
Sep 200801,596101.767.88$12,572
Aug 20080161114.228.48$1,366
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200831,206110.3110.45$12,939
Mar 2008044101.909.66$425
Feb 200801,42692.538.77$12,507
Jan 200802,72290.388.21$22,336
Dec 200702,02488.337.30$14,779
Nov 2007021291.677.29$1,546
Oct 2007050282.856.92$3,475
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 200702,55870.906.39$16,340
Jun 2007079562.007.55$6,001
May 2007018158.747.85$1,420
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 200771,84455.108.22$15,536
Jan 200724,54250.306.73$30,654
Dec 20060256.656.92$14
Nov 20060454.207.62$30
Oct 200604,25354.906.01$25,577
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060269.376.34$13
Jun 20060066.286.38$0
May 200602,54766.016.42$16,364
Apr 20060064.397.36$0
Mar 2006016456.707.08$1,162
Feb 200603,05757.597.75$23,695
Jan 20060060.598.93$0
Dec 2005031454.9413.42$4,212
Nov 200503554.6910.59$371
Oct 200504058.3413.80$552
Sep 2005025961.4512.08$3,128
Aug 2005088161.519.80$8,631
Jul 2005092455.697.84$7,248
Jun 200501,16152.337.38$8,569
May 200501,02545.226.65$6,817
Apr 2005070749.207.36$5,204
Mar 200501,16150.377.15$8,307
Feb 200501,21245.226.31$7,650
Jan 2005082443.166.32$5,209
Dec 2004070939.866.75$4,787
Nov 200401,14545.286.33$7,248
Oct 200401,24749.706.52$8,124
Sep 200421,27543.245.28$6,823
Aug 2004078742.375.55$4,368
Jul 200401,79338.286.08$10,909
Jun 200403,74436.106.43$24,085
May 20040037.486.49$0
Apr 200402,37934.475.86$13,937
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 2004026232.036.30$1,651
Dec 2003092330.266.30$5,816
Nov 2003090028.804.60$4,136
Oct 2003064328.174.76$3,060
Sep 2003087326.314.75$4,146
Aug 200301,24629.765.13$6,392
Jul 2003098929.415.17$5,114
Jun 2003083028.565.98$4,966
May 2003072126.595.97$4,306
Apr 200301,08426.675.41$5,861
Mar 200301,16931.146.10$7,126
Feb 2003073033.487.93$5,786
Jan 200301,25930.315.58$7,028
Dec 2002087626.914.85$4,252
Nov 200201,18924.664.14$4,919
Oct 200201,25326.464.23$5,299
Sep 200201,29127.443.64$4,693
Aug 200201,05825.963.16$3,348
Jul 200201,16824.583.06$3,576
Jun 200201,39423.733.34$4,654
May 200201,29224.663.58$4,631
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$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.

Oct 2014 — as filed, then multipliedworked
Condensate             0 bbl  × $ 78.30 =         $0
Gas                2,040 Mcf  × $  3.90 =     $7,958

────────────────────────────────────────────────────
Month total                                   $7,958

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/190203 is the state's own key, not one this site invented.