REED -A-

Operated by CONOCOPHILLIPS COMPANY (P-5 172232) in the HOWARD-GLASSCOCK (GLORIETA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 19015District 08Field 42971332Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$9.4 M
Jan 1993 – Apr 2012
Value, last 12 filed months
$495 k
at the published price for each month
Months reported
232
no gaps in the span
Streams
2
oil, casinghead 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 131 leases and 850 wells, and the rule below applies to all of them.

Discovered
1925-12-31
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres.

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: 11/22/11.

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
OilDisposition300,226 bbl$9,302,068
Casinghead gasProduction41,554 Mcf$131,653
Total$9,433,721

15,630 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 (16)

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 32.0918, -101.2732. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.09194, -101.27321 · 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%
16 of 16 wells
With a plug date
25.0%
4 of 16 wells
Median depth
3,262 ft
16 wells filed one
Completion to plug
4.3 years
median over 2 wells

What the state filed about each well

On the RRC proration schedule
16100.0%
A plug date is filed
425.0%
BothOn the schedule and plugged. Neither fact cancels the other.
425.0%
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

Total depth in feet, 16 of 16 wells. Median 3,262 ft, with the middle half between 3,255 and 3,300 ft; the shallowest is 3,130 ft and the deepest 3,300 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 14 of 16 wells, Sep 1989 – Feb 2022. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Sep 1989 – Feb 2022
14 of 16 wells; 2 filed none
Plug dates filed
Feb 1987 – May 2017
4 of 16 wells; 12 filed none

Last completion to plug: a median of 4.3 years across the 2 wells that filed both dates, with the middle half between 3.9 years and 4.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

16 wells

42-2270287643,130 ftJun 1993Yes
42-227028857W3,282 ftFeb 1987Yes
42-2270287953,250 ftFeb 2022Yes
42-22734618213,262 ftMay 2017Yes
42-22734456173,300 ftSep 2014Yes
42-22734672233,300 ftApr 2014Yes
42-22734617203,262 ftOct 2013May 2017Yes
42-22734619223,262 ftAug 2011Yes
42-22734670243,300 ftAug 2003Yes
42-22734455183,300 ftOct 1992Yes
42-22734668263,300 ftFeb 1992Yes
42-22734669253,300 ftFeb 1992Yes
42-2270286313,252 ftJul 1991Yes
42-2270288263,256 ftJul 1991May 1996Yes
42-22734564193,262 ftOct 1990Yes
42-2270286723,246 ftSep 1989Yes

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 (232)

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

232 months

Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20111,4421395.723.31$138,071
Oct 20111,2511384.983.65$106,357
Sep 20111,0915183.623.99$91,433
Aug 20113792283.404.15$31,700
Jul 20114546694.144.52$43,038
Jun 20114453792.904.64$41,512
May 20114372198.134.40$42,975
Apr 201141429105.964.33$43,993
Mar 20114195196.364.06$40,582
Feb 2011345585.644.18$29,567
Jan 2011336086.504.59$29,064
Dec 20104441485.734.35$38,125
Nov 20104492980.843.80$36,407
Oct 20105002178.103.51$39,124
Sep 20105165272.633.98$37,684
Aug 2010502073.684.42$36,987
Jul 2010474072.554.74$34,389
Jun 2010475070.364.91$33,421
May 2010546071.124.24$38,832
Apr 2010590081.694.12$48,197
Mar 20105193978.394.39$40,856
Feb 20105795073.585.44$42,875
Jan 20105995774.365.96$44,882
Dec 20095507971.445.48$39,725
Nov 20095955474.593.75$44,584
Oct 20096787872.544.11$49,503
Sep 20095916865.543.06$38,943
Aug 20096596267.423.22$44,629
Jul 20095698961.133.46$35,091
Jun 200973111266.163.90$48,799
May 200973314154.743.93$40,678
Apr 200967320346.773.59$32,204
Mar 200973219542.144.06$31,638
Feb 20096005932.814.63$19,959
Jan 200967510335.865.37$24,759
Dec 20087427237.105.98$27,959
Nov 20087591555.496.86$42,220
Oct 2008828175.246.92$62,306
Sep 20087619101.767.88$77,510
Aug 200879818114.228.48$91,300
Jul 200866827131.0811.39$87,869
Jun 20087560131.3313.03$99,285
May 20089390123.1711.57$115,657
Apr 20089100110.3110.45$100,382
Mar 20081,068118101.909.66$109,970
Feb 200883318392.538.77$78,683
Jan 200888024890.388.21$81,569
Dec 200790936088.337.30$82,921
Nov 200788037891.677.29$83,426
Oct 200761433882.856.92$53,210
Sep 200744644475.846.24$36,597
Aug 200794360869.066.39$69,007
Jul 20071,03148170.906.39$76,171
Jun 20071,02747062.007.55$67,222
May 200795344658.747.85$59,479
Apr 200790756759.617.81$58,492
Mar 200792219856.927.30$53,926
Feb 200778120355.108.22$44,701
Jan 200791015850.306.73$46,836
Dec 200684421956.656.92$49,328
Nov 200682025854.207.62$46,409
Oct 200684130454.906.01$47,999
Sep 20061,02023560.085.04$62,465
Aug 20061,29125368.717.34$90,562
Jul 20061,23111469.376.34$86,118
Jun 20061,12416766.286.38$75,565
May 20061,05618766.016.42$70,908
Apr 20061,00810664.397.36$65,685
Mar 20061,16718456.707.08$67,472
Feb 20061,00717257.597.75$59,326
Jan 200692116560.598.93$57,277
Dec 200587912354.9413.42$49,942
Nov 200574614854.6910.59$42,366
Oct 200588314458.3413.80$53,501
Sep 200583511961.4512.08$52,748
Aug 200565138561.519.80$43,815
Jul 200591219155.697.84$52,287
Jun 200578320452.337.38$42,480
May 200583520245.226.65$39,102
Apr 200579619649.207.36$40,606
Mar 200574718650.377.15$38,957
Feb 200565215645.226.31$30,468
Jan 20051,09211843.166.32$47,877
Dec 20041,07817439.866.75$44,144
Nov 20041,14818445.286.33$53,146
Oct 20041,02816949.706.52$52,193
Sep 200442319843.245.28$19,337
Aug 20041,16018542.375.55$50,176
Jul 20041,36019638.286.08$53,253
Jun 20041,01116636.106.43$37,565
May 200497723237.486.49$38,125
Apr 20041,13013334.475.86$39,730
Mar 200497714234.365.53$34,355
Feb 20049783132.455.51$31,907
Jan 20041,0997832.036.30$35,692
Dec 200397714330.266.30$30,465
Nov 20031,19116028.804.60$35,036
Oct 20031,19411128.174.76$34,163
Sep 20031,2873826.314.75$34,041
Aug 20031,28110929.765.13$38,682
Jul 20031,00218029.415.17$30,400
Jun 20031,04013428.565.98$30,504
May 20031,2078026.595.97$32,572
Apr 20031,2208426.675.41$32,992
Mar 20031,1474331.146.10$35,980
Feb 20031,0527133.487.93$35,784
Jan 20031,26112430.315.58$38,913
Dec 20021,29312726.914.85$35,411
Nov 20021,44216924.664.14$36,259
Oct 20021,36717526.464.23$36,911
Sep 20021,29417627.443.64$36,147
Aug 20021,43819225.963.16$37,938
Jul 20021,32217724.583.06$33,037
Jun 20021,45918323.733.34$35,233
May 20021,50615924.663.58$37,708
Apr 20021,38414823.653.51$33,251
Mar 20021,41915222.003.10$31,690
Feb 20021,47512118.222.38$27,162
Jan 20021,38914317.172.38$24,189
Dec 20011,54016016.932.36$26,451
Nov 20011,39714618.072.41$25,595
Oct 20011,51722419.782.53$30,573
Sep 20011,41234324.262.25$35,027
Aug 20011,34825324.873.05$34,297
Jul 20011,42119523.933.20$34,628
Jun 20011,46619424.563.82$36,747
May 20011,49228125.524.31$39,286
Apr 20011,50719224.685.34$38,217
Mar 20011,7853224.545.38$43,976
Feb 20011,214027.755.77$33,689
Jan 20011,564027.478.40$42,963
Dec 20001,356126.889.12$36,458
Nov 20001,464032.215.66$47,155
Oct 20001,531031.235.15$47,813
Sep 20001,6133931.875.19$51,609
Aug 20001,7605829.644.54$52,430
Jul 20001,63512428.534.09$47,154
Jun 20001,48814629.304.40$44,240
May 20001,30415727.263.68$36,125
Apr 200099511424.513.12$24,743
Mar 20001,31212828.422.86$37,653
Feb 20001,0724027.622.73$29,718
Jan 20007509225.272.48$19,181
Dec 19991,33014724.282.42$32,649
Nov 19991,43017123.192.43$33,578
Oct 19991,59515820.982.80$33,906
Sep 19991,2526421.752.62$27,399
Aug 19991,8685919.262.88$36,147
Jul 19991,83711417.892.37$33,134
Jun 19991,71213215.942.36$27,601
May 19991,67710015.792.32$26,712
Apr 19991,30410915.102.21$19,931
Mar 19991,73311612.471.84$21,824
Feb 19991,3911309.981.82$14,118
Jan 19991,40816210.381.90$14,923
Dec 19981,5081669.201.77$14,168
Nov 19981,73620310.892.19$19,349
Oct 19981,38818812.421.97$17,609
Sep 19981,94721812.592.08$24,967
Aug 19981,97423311.301.91$22,751
Jul 19981,98523311.742.24$23,825
Jun 19981,31519011.242.24$15,206
May 19981,43219812.622.21$18,509
Apr 19981,43718613.042.51$19,204
Mar 19981,88720812.802.31$24,634
Feb 19981,81017113.952.30$25,643
Jan 19981,7739614.702.15$26,270
Dec 19971,5536916.322.41$25,511
Nov 19971,60010718.193.09$29,434
Oct 19971,73315919.253.15$33,861
Sep 19971,38719117.742.95$25,170
Aug 19971,73125217.862.55$31,559
Jul 19971,72927517.582.25$31,014
Jun 19971,85523217.242.26$32,504
May 19971,84823718.972.31$35,604
Apr 19971,49624017.882.08$27,248
Mar 19971,52725118.951.94$29,423
Feb 19971,39320220.492.21$28,988
Jan 19971,72526023.483.54$41,423
Dec 19961,74125223.32$40,600
Nov 19961,76430721.97$38,755
Oct 19961,92229623.31$44,802
Sep 19961,71127022.22$38,018
Aug 19961,72828620.26$35,009
Jul 19961,61823219.55$31,632
Jun 19961,66023418.73$31,092
May 19961,91930019.43$37,286
Apr 19961,87431721.51$40,310
Mar 19962,32836119.38$45,117
Feb 19961,99330416.98$33,841
Jan 19961,75327817.07$29,924
Dec 19951,82534317.19$31,372
Nov 19951,53431616.00$24,544
Oct 19951,96344015.43$30,289
Sep 19951,894116.18$30,645
Aug 19951,63028315.92$25,950
Jul 19952,16532615.24$32,995
Jun 19952,03734816.41$33,427
May 19952,11134117.56$37,069
Apr 19951,97931817.73$35,088
Mar 19952,08529216.44$34,277
Feb 19951,91432116.58$31,734
Jan 19952,03628215.92$32,413
Dec 19942,17332215.03$32,660
Nov 19942,56929115.90$40,847
Oct 19941,99321215.58$31,051
Sep 19941,95824915.29$29,938
Aug 19942,23035416.13$35,970
Jul 19942,27541417.56$39,949
Jun 19942,11828217.09$36,197
May 19942,17838815.88$34,587
Apr 19942,15437014.14$30,458
Mar 19942,34434412.46$29,206
Feb 19942,07332412.50$25,913
Jan 19942,60335712.66$32,954
Dec 19932,44838312.33$30,184
Nov 19932,43140114.49$35,225
Oct 19932,56546315.85$40,655
Sep 19932,24844915.03$33,787
Aug 19932,49150815.66$39,009
Jul 19932,64453115.46$40,876
Jun 19932,49751416.79$41,925
May 19932,45250117.68$43,351
Apr 19933,14549818.05$56,767
Mar 19932,548118.14$46,221
Feb 19931,888117.90$33,795
Jan 19932,35442516.93$39,853

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.

Nov 2011 — as filed, then multipliedworked
Oil                1,442 bbl  × $ 95.72 =   $138,028
Casinghead gas        13 Mcf  × $  3.31 =        $43

────────────────────────────────────────────────────
Month total                                 $138,071

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/O/19015 is the state's own key, not one this site invented.