REED "24"

Operated by EOG RESOURCES, INC. (P-5 253162) in the BRUNSON RANCH (PENN, LO. -ATOKA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 218499District 08Field 12646620CondensateGasSaveExport
Value, all time
$372 k
Jun 2004 – May 2018
Value, last 12 filed months
$433
at the published price for each month
Months reported
168
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 15 leases and 15 wells, and the rule below applies to all of them.

Discovered
1981-06-01
as the register files it
Field class
Gas
the register's own label
Between wells
1,867 ft
minimum
From a lease line
933 ft
minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 2006-05-16.

The Commission's schedule remark for this field reads: PART ALLOCATION FORMULA WHICH WILL REMAIN SUSPENDED.

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
CondensateDisposition424 bbl$32,611
GasProduction62,670 Mcf$339,801
Total$372,412

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 31.8955, -103.4871. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.89547, -103.48710 · 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
100.0%
1 of 1 wells
Median depth
23,000 ft
1 wells filed one
Completion to plug
12.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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 23,000 ft.

Completions filed
Jul 2005
1 of 1 wells
Plug dates filed
May 2018
1 of 1 wells

Last completion to plug: a median of 12.8 years across the 1 well that filed both dates, with the middle half between 12.8 years and 12.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-30130269123,000 ftJul 2005May 2018Yes

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 (168)

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

168 months

May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 201703345.373.00$99
Jul 201707943.873.09$244
Jun 201702942.493.09$90
May 201705545.373.26$179
Apr 2017052447.933.21$1,683
Mar 201707746.772.98$230
Feb 201701450.452.95$41
Jan 2017077049.413.42$2,632
Dec 2016015748.763.72$584
Nov 2016039842.492.64$1,052
Oct 2016030946.193.09$955
Sep 2016040341.553.10$1,250
Aug 201602741.442.92$79
Jul 201609941.622.92$290
Jun 2016015245.352.69$408
May 2016013942.521.99$277
Apr 201608536.561.99$169
Mar 201601,57033.011.79$2,817
Feb 201601,38526.472.06$2,858
Jan 201601,29027.352.36$3,050
Dec 201501,21432.362.00$2,430
Nov 201501,41038.792.17$3,056
Oct 201501,27743.552.43$3,099
Sep 201501,16642.992.76$3,216
Aug 201501,15940.162.87$3,329
Jul 201501,31348.152.95$3,867
Jun 201502,27956.152.88$6,570
May 2015074355.212.96$2,196
Apr 201501,24049.822.71$3,356
Mar 2015712142.892.93$655
Feb 2015012844.662.98$381
Jan 201501043.433.10$31
Dec 201407254.693.59$259
Nov 2014022970.464.25$974
Oct 2014024678.303.90$960
Sep 2014027286.164.05$1,100
Aug 2014028689.394.04$1,154
Jul 201404596.564.18$188
Jun 2014015798.164.74$744
May 2014025594.734.73$1,205
Apr 201405095.944.81$240
Mar 201401395.895.06$66
Feb 20140097.406.19$0
Jan 20140290.404.86$10
Dec 201303691.824.35$157
Nov 201306288.853.74$232
Oct 2013015997.423.78$601
Sep 20130316104.113.72$1,175
Aug 201300104.253.52$0
Jul 20131112102.523.72$1,172
Jun 20130094.403.93$0
May 20137894.834.15$697
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20133391.233.42$284
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 2012131486.953.62$1,181
Oct 20120089.383.40$0
Sep 2012192194.672.92$1,860
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 2012222479.822.52$1,817
May 20128991.612.49$755
Apr 201200101.652.00$0
Mar 20126684105.052.22$2,150
Feb 201201,049101.102.57$2,696
Jan 2012050398.092.73$1,375
Dec 201109996.873.24$321
Nov 2011143795.723.31$1,463
Oct 2011610184.983.65$878
Sep 2011060083.623.99$2,391
Aug 2011042383.404.15$1,755
Jul 2011337794.144.52$1,985
Jun 2011619692.904.64$1,467
May 2011813898.134.40$1,393
Apr 201110325105.964.33$2,468
Mar 2011042496.364.06$1,720
Feb 2011316385.644.18$938
Jan 2011018186.504.59$831
Dec 2010316485.734.35$970
Nov 2010024880.843.80$941
Oct 2010034078.103.51$1,193
Sep 2010037172.633.98$1,476
Aug 2010038173.684.42$1,684
Jul 20101213772.554.74$1,520
Jun 20101623470.364.91$2,275
May 201006171.124.24$258
Apr 2010392381.694.12$3,281
Mar 2010031378.394.39$1,374
Feb 2010021173.585.44$1,148
Jan 2010828274.365.96$2,277
Dec 2009027471.445.48$1,503
Nov 2009414474.593.75$839
Oct 2009722572.544.11$1,433
Sep 20091221965.543.06$1,458
Aug 2009021567.423.22$692
Jul 20091620961.133.46$1,702
Jun 2009019366.163.90$752
May 20092023654.743.93$2,021
Apr 2009533946.773.59$1,450
Mar 2009020742.144.06$840
Feb 2009312832.814.63$691
Jan 20091028935.865.37$1,911
Dec 2008930637.105.98$2,163
Nov 2008320355.496.86$1,559
Oct 2008236975.246.92$2,705
Sep 20080241101.767.88$1,898
Aug 20084249114.228.48$2,569
Jul 20085253131.0811.39$3,537
Jun 200812126131.3313.03$3,218
May 20080275123.1711.57$3,183
Apr 20085722110.3110.45$8,100
Mar 20080329101.909.66$3,179
Feb 2008833692.538.77$3,687
Jan 2008032690.388.21$2,675
Dec 2007031388.337.30$2,286
Nov 2007028391.677.29$2,064
Oct 2007067582.856.92$4,672
Sep 2007033675.846.24$2,098
Aug 2007312669.066.39$1,012
Jul 200716870.906.39$505
Jun 200701,52762.007.55$11,526
May 2007013258.747.85$1,036
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070250.306.73$13
Dec 2006013756.656.92$948
Nov 2006072354.207.62$5,507
Oct 2006381354.906.01$5,054
Sep 2006756460.085.04$3,262
Aug 2006068368.717.34$5,013
Jul 2006075669.376.34$4,795
Jun 2006540866.286.38$2,936
May 2006876766.016.42$5,456
Apr 2006074264.397.36$5,461
Mar 2006473056.707.08$5,397
Feb 2006480657.597.75$6,478
Jan 2006089560.598.93$7,995
Dec 2005566254.9413.42$9,156
Nov 20051583754.6910.59$9,683
Oct 200591,34058.3413.80$19,011
Sep 2005371761.4512.08$8,845
Aug 200511,10561.519.80$10,887
Jul 200501,20155.697.84$9,420
Jun 200551,17852.337.38$8,957
May 2005035345.226.65$2,348
Apr 200503549.207.36$258
Mar 2005028650.377.15$2,046
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 200423,19638.286.08$19,522
Jun 200403,85036.106.43$24,767

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.

Aug 2017 — as filed, then multipliedworked
Condensate             0 bbl  × $ 45.37 =         $0
Gas                   33 Mcf  × $  3.00 =        $99

────────────────────────────────────────────────────
Month total                                      $99

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/218499 is the state's own key, not one this site invented.