REED, W. N. & L. R.

Name: REED, W. N. & L. R. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 19016District 08Field 42971332Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$7.7 M

Jan 1993 – Apr 2012

Value, last 12 filed months

$310 k

at the published price for each month

Months reported

232

no gaps in the span

Streams

oil, casinghead gas

The HOWARD-GLASSCOCK (GLORIETA) field

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.

Stream	Basis	Volume	Value
Oil	Disposition	205,261 bbl	$7,637,125
Casinghead gas	Production	37,241 Mcf	$90,440
Total			$7,727,566

17,927 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 (14)

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 32.0981, -101.2550. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.09828, -101.25556 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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%

14 of 14 wells

With a plug date

50.0%

7 of 14 wells

Median depth

3,098 ft

14 wells filed one

Completion to plug

13.6 years

median over 6 wells

What the state filed about each well

On the RRC proration schedule

14100.0%

A plug date is filed

750.0%

BothOn the schedule and plugged. Neither fact cancels the other.

750.0%

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, 14 of 14 wells. Median 3,098 ft, with the middle half between 3,065 and 3,260 ft; the shallowest is 2,975 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, 13 of 14 wells, Apr 1967 – Jun 2015. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed

Apr 1967 – Jun 2015

13 of 14 wells; 1 filed none

Plug dates filed

Jun 1995 – Feb 2013

7 of 14 wells; 7 filed none

Last completion to plug: a median of 13.6 years across the 6 wells that filed both dates, with the middle half between 10.0 years and 19.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

14 wells


42-22702890	10W	3,100 ft	—	Jun 1995	Yes
42-22702881	6	3,087 ft	Jun 2015	—	Yes
42-22734568	21	3,300 ft	Nov 2013	—	Yes
42-22734475	19	3,300 ft	Dec 2011	—	Yes
42-22710208	15W	3,060 ft	Oct 1991	Apr 1999	Yes
42-22702892	12	3,080 ft	Sep 1991	Feb 2005	Yes
42-22710205	1A	3,095 ft	Jun 1991	Apr 2000	Yes
42-22734578	22	3,300 ft	May 1991	Feb 2013	Yes
42-22702889	9	2,975 ft	Aug 1990	—	Yes
42-22710206	1001	3,102 ft	Mar 1990	—	Yes
42-22702878	5	3,011 ft	Jan 1990	Sep 2003	Yes
42-22734476	20	3,300 ft	Jan 1990	—	Yes
42-22702891	11	3,140 ft	Sep 1967	Aug 2005	Yes
42-22710209	16	3,060 ft	Apr 1967	—	Yes

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 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	383	10	95.72	3.31	$36,694
Oct 2011	453	11	84.98	3.65	$38,536
Sep 2011	464	40	83.62	3.99	$38,959
Aug 2011	409	22	83.40	4.15	$34,202
Jul 2011	527	76	94.14	4.52	$49,955
Jun 2011	584	46	92.90	4.64	$54,467
May 2011	580	26	98.13	4.40	$57,030
Apr 2011	564	36	105.96	4.33	$59,917
Mar 2011	664	64	96.36	4.06	$64,243
Feb 2011	511	6	85.64	4.18	$43,787
Jan 2011	492	0	86.50	4.59	$42,558
Dec 2010	643	16	85.73	4.35	$55,194
Nov 2010	638	29	80.84	3.80	$51,686
Oct 2010	661	20	78.10	3.51	$51,694
Sep 2010	710	50	72.63	3.98	$51,766
Aug 2010	676	0	73.68	4.42	$49,808
Jul 2010	628	0	72.55	4.74	$45,561
Jun 2010	643	0	70.36	4.91	$45,241
May 2010	728	0	71.12	4.24	$51,775
Apr 2010	754	0	81.69	4.12	$61,594
Mar 2010	727	38	78.39	4.39	$57,156
Feb 2010	718	41	73.58	5.44	$53,054
Jan 2010	749	48	74.36	5.96	$55,982
Dec 2009	688	66	71.44	5.48	$49,513
Nov 2009	744	45	74.59	3.75	$55,664
Oct 2009	864	65	72.54	4.11	$62,942
Sep 2009	828	72	65.54	3.06	$54,488
Aug 2009	708	42	67.42	3.22	$47,869
Jul 2009	601	66	61.13	3.46	$36,968
Jun 2009	699	75	66.16	3.90	$46,538
May 2009	712	96	54.74	3.93	$39,352
Apr 2009	726	143	46.77	3.59	$34,468
Mar 2009	553	109	42.14	4.06	$23,746
Feb 2009	558	40	32.81	4.63	$18,493
Jan 2009	637	71	35.86	5.37	$23,224
Dec 2008	677	46	37.10	5.98	$25,392
Nov 2008	865	15	55.49	6.86	$48,102
Oct 2008	944	5	75.24	6.92	$71,061
Sep 2008	867	10	101.76	7.88	$88,305
Aug 2008	915	15	114.22	8.48	$104,639
Jul 2008	841	27	131.08	11.39	$110,546
Jun 2008	718	0	131.33	13.03	$94,295
May 2008	905	0	123.17	11.57	$111,469
Apr 2008	869	0	110.31	10.45	$95,859
Mar 2008	1,012	95	101.90	9.66	$104,041
Feb 2008	850	231	92.53	8.77	$80,677
Jan 2008	984	198	90.38	8.21	$90,559
Dec 2007	1,055	122	88.33	7.30	$94,079
Nov 2007	1,041	132	91.67	7.29	$96,391
Oct 2007	1,156	205	82.85	6.92	$97,194
Sep 2007	1,019	89	75.84	6.24	$77,837
Aug 2007	1,012	0	69.06	6.39	$69,889
Jul 2007	1,124	112	70.90	6.39	$80,407
Jun 2007	1,182	156	62.00	7.55	$74,462
May 2007	1,097	155	58.74	7.85	$65,654
Apr 2007	939	0	59.61	7.81	$55,974
Mar 2007	995	190	56.92	7.30	$58,023
Feb 2007	937	154	55.10	8.22	$52,894
Jan 2007	1,225	120	50.30	6.73	$62,425
Dec 2006	1,174	176	56.65	6.92	$67,725
Nov 2006	1,180	214	54.20	7.62	$65,586
Oct 2006	1,338	170	54.90	6.01	$74,479
Sep 2006	954	195	60.08	5.04	$58,299
Aug 2006	856	178	68.71	7.34	$60,122
Jul 2006	1,022	97	69.37	6.34	$71,511
Jun 2006	936	138	66.28	6.38	$62,919
May 2006	890	151	66.01	6.42	$59,719
Apr 2006	846	87	64.39	7.36	$55,114
Mar 2006	997	151	56.70	7.08	$57,599
Feb 2006	892	143	57.59	7.75	$52,479
Jan 2006	831	142	60.59	8.93	$51,619
Dec 2005	784	104	54.94	13.42	$44,468
Nov 2005	653	124	54.69	10.59	$37,026
Oct 2005	836	126	58.34	13.80	$50,511
Sep 2005	792	105	61.45	12.08	$49,937
Aug 2005	616	0	61.51	9.80	$37,890
Jul 2005	897	169	55.69	7.84	$51,280
Jun 2005	939	180	52.33	7.38	$50,466
May 2005	1,015	178	45.22	6.65	$47,082
Apr 2005	889	164	49.20	7.36	$44,946
Mar 2005	981	155	50.37	7.15	$50,522
Feb 2005	698	138	45.22	6.31	$32,435
Jan 2005	889	98	43.16	6.32	$38,989
Dec 2004	881	145	39.86	6.75	$36,096
Nov 2004	973	153	45.28	6.33	$45,026
Oct 2004	1,116	141	49.70	6.52	$56,384
Sep 2004	2,167	165	43.24	5.28	$94,573
Aug 2004	675	154	42.37	5.55	$29,455
Jul 2004	463	163	38.28	6.08	$18,715
Jun 2004	435	138	36.10	6.43	$16,591
May 2004	546	194	37.48	6.49	$21,724
Apr 2004	693	111	34.47	5.86	$24,538
Mar 2004	586	119	34.36	5.53	$20,793
Feb 2004	587	26	32.45	5.51	$19,191
Jan 2004	659	65	32.03	6.30	$21,517
Dec 2003	586	119	30.26	6.30	$18,482
Nov 2003	715	134	28.80	4.60	$21,208
Oct 2003	717	111	28.17	4.76	$20,726
Sep 2003	780	32	26.31	4.75	$20,674
Aug 2003	875	91	29.76	5.13	$26,507
Jul 2003	1,033	150	29.41	5.17	$31,156
Jun 2003	880	112	28.56	5.98	$25,803
May 2003	649	69	26.59	5.97	$17,669
Apr 2003	657	70	26.67	5.41	$17,901
Mar 2003	617	33	31.14	6.10	$19,415
Feb 2003	567	63	33.48	7.93	$19,482
Jan 2003	679	102	30.31	5.58	$21,150
Dec 2002	696	110	26.91	4.85	$19,263
Nov 2002	776	143	24.66	4.14	$19,728
Oct 2002	736	148	26.46	4.23	$20,100
Sep 2002	695	148	27.44	3.64	$19,609
Aug 2002	761	166	25.96	3.16	$20,281
Jul 2002	694	153	24.58	3.06	$17,527
Jun 2002	712	142	23.73	3.34	$17,370
May 2002	800	129	24.66	3.58	$20,190
Apr 2002	735	123	23.65	3.51	$17,815
Mar 2002	755	138	22.00	3.10	$17,038
Feb 2002	815	107	18.22	2.38	$15,104
Jan 2002	713	119	17.17	2.38	$12,525
Dec 2001	812	134	16.93	2.36	$14,064
Nov 2001	746	129	18.07	2.41	$13,791
Oct 2001	809	153	19.78	2.53	$16,389
Sep 2001	833	133	24.26	2.25	$20,508
Aug 2001	913	144	24.87	3.05	$23,146
Jul 2001	997	189	23.93	3.20	$24,462
Jun 2001	831	143	24.56	3.82	$20,956
May 2001	839	101	25.52	4.31	$21,846
Apr 2001	805	158	24.68	5.34	$20,710
Mar 2001	543	22	24.54	5.38	$13,444
Feb 2001	421	0	27.75	5.77	$11,683
Jan 2001	607	0	27.47	8.40	$16,674
Dec 2000	536	0	26.88	9.12	$14,408
Nov 2000	570	0	32.21	5.66	$18,360
Oct 2000	529	0	31.23	5.15	$16,521
Sep 2000	492	27	31.87	5.19	$15,820
Aug 2000	522	43	29.64	4.54	$15,667
Jul 2000	625	114	28.53	4.09	$18,297
Jun 2000	595	132	29.30	4.40	$18,014
May 2000	927	147	27.26	3.68	$25,811
Apr 2000	848	104	24.51	3.12	$21,109
Mar 2000	661	130	28.42	2.86	$19,157
Feb 2000	650	42	27.62	2.73	$18,068
Jan 2000	699	90	25.27	2.48	$17,887
Dec 1999	604	128	24.28	2.42	$14,975
Nov 1999	697	141	23.19	2.43	$16,507
Oct 1999	787	145	20.98	2.80	$16,918
Sep 1999	619	66	21.75	2.62	$13,636
Aug 1999	705	58	19.26	2.88	$13,745
Jul 1999	815	120	17.89	2.37	$14,865
Jun 1999	677	131	15.94	2.36	$11,101
May 1999	516	73	15.79	2.32	$8,317
Apr 1999	462	79	15.10	2.21	$7,151
Mar 1999	934	168	12.47	1.84	$11,956
Feb 1999	721	175	9.98	1.82	$7,514
Jan 1999	716	171	10.38	1.90	$7,757
Dec 1998	733	177	9.20	1.77	$7,057
Nov 1998	1,007	166	10.89	2.19	$11,329
Oct 1998	800	174	12.42	1.97	$10,279
Sep 1998	649	224	12.59	2.08	$8,637
Aug 1998	696	240	11.30	1.91	$8,323
Jul 1998	731	230	11.74	2.24	$9,097
Jun 1998	498	190	11.24	2.24	$6,023
May 1998	735	188	12.62	2.21	$9,690
Apr 1998	471	178	13.04	2.51	$6,588
Mar 1998	626	210	12.80	2.31	$8,498
Feb 1998	631	177	13.95	2.30	$9,209
Jan 1998	817	76	14.70	2.15	$12,174
Dec 1997	855	70	16.32	2.41	$14,122
Nov 1997	814	91	18.19	3.09	$15,088
Oct 1997	971	138	19.25	3.15	$19,126
Sep 1997	589	158	17.74	2.95	$10,916
Aug 1997	919	200	17.86	2.55	$16,924
Jul 1997	831	241	17.58	2.25	$15,150
Jun 1997	1,037	208	17.24	2.26	$18,347
May 1997	870	246	18.97	2.31	$17,072
Apr 1997	1,046	216	17.88	2.08	$19,152
Mar 1997	1,088	226	18.95	1.94	$21,056
Feb 1997	983	209	20.49	2.21	$20,603
Jan 1997	1,262	276	23.48	3.54	$30,609
Dec 1996	1,216	251	23.32	—	$28,357
Nov 1996	1,258	305	21.97	—	$27,638
Oct 1996	1,586	299	23.31	—	$36,970
Sep 1996	1,195	271	22.22	—	$26,553
Aug 1996	1,227	271	20.26	—	$24,859
Jul 1996	950	231	19.55	—	$18,573
Jun 1996	1,039	215	18.73	—	$19,460
May 1996	1,373	293	19.43	—	$26,677
Apr 1996	1,344	334	21.51	—	$28,909
Mar 1996	1,239	323	19.38	—	$24,012
Feb 1996	1,399	303	16.98	—	$23,755
Jan 1996	1,317	334	17.07	—	$22,481
Dec 1995	1,316	340	17.19	—	$22,622
Nov 1995	1,348	326	16.00	—	$21,568
Oct 1995	1,595	453	15.43	—	$24,611
Sep 1995	1,442	1	16.18	—	$23,332
Aug 1995	1,545	320	15.92	—	$24,596
Jul 1995	1,450	326	15.24	—	$22,098
Jun 1995	1,302	342	16.41	—	$21,366
May 1995	1,396	345	17.56	—	$24,514
Apr 1995	1,309	318	17.73	—	$23,209
Mar 1995	1,267	322	16.44	—	$20,829
Feb 1995	1,351	316	16.58	—	$22,400
Jan 1995	1,539	349	15.92	—	$24,501
Dec 1994	1,601	342	15.03	—	$24,063
Nov 1994	1,107	356	15.90	—	$17,601
Oct 1994	1,699	255	15.58	—	$26,470
Sep 1994	1,262	299	15.29	—	$19,296
Aug 1994	1,440	394	16.13	—	$23,227
Jul 1994	1,610	422	17.56	—	$28,272
Jun 1994	1,396	332	17.09	—	$23,858
May 1994	1,340	436	15.88	—	$21,279
Apr 1994	1,400	437	14.14	—	$19,796
Mar 1994	1,413	404	12.46	—	$17,606
Feb 1994	1,188	392	12.50	—	$14,850
Jan 1994	1,092	413	12.66	—	$13,825
Dec 1993	1,211	412	12.33	—	$14,932
Nov 1993	1,364	456	14.49	—	$19,764
Oct 1993	1,400	534	15.85	—	$22,190
Sep 1993	1,422	551	15.03	—	$21,373
Aug 1993	1,626	616	15.66	—	$25,463
Jul 1993	1,664	619	15.46	—	$25,725
Jun 1993	1,609	620	16.79	—	$27,015
May 1993	1,572	467	17.68	—	$27,793
Apr 1993	1,148	419	18.05	—	$20,721
Mar 1993	1,411	617	18.14	—	$25,596
Feb 1993	1,309	521	17.90	—	$23,431
Jan 1993	1,470	425	16.93	—	$24,887

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                  383 bbl  × $ 95.72 =    $36,661
Casinghead gas        10 Mcf  × $  3.31 =        $33

────────────────────────────────────────────────────
Month total                                  $36,694

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/19016 is the state's own key, not one this site invented.