REED BROS. DE

Operated by MERIT ENERGY COMPANY (P-5 561136) 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 19029District 08Field 42971332Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$20.3 M
Jan 1993 – Jul 2012
Value, last 12 filed months
$559 k
at the published price for each month
Months reported
235
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
OilDisposition627,482 bbl$20,253,261
Casinghead gasProduction45,984 Mcf$65,409
Total$20,318,670

28,196 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 32.0990, -101.2725. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.09933, -101.27267 · 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%
14 of 14 wells
With a plug date
28.6%
4 of 14 wells
Median depth
3,300 ft
13 wells filed one
Completion to plug
21.4 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
14100.0%
A plug date is filed
428.6%
BothOn the schedule and plugged. Neither fact cancels the other.
428.6%
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, 13 of 14 wells. Median 3,300 ft, with the middle half between 3,286 and 3,300 ft; the shallowest is 3,179 ft and the deepest 6,300 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, 12 of 14 wells, Dec 1989 – Oct 2016. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Dec 1989 – Oct 2016
12 of 14 wells; 2 filed none
Plug dates filed
Jun 2014 – Dec 2024
4 of 14 wells; 10 filed none

Last completion to plug: a median of 21.4 years across the 3 wells that filed both dates, with the middle half between 15.8 years and 23.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

14 wells

42-227009787Yes
42-227345602053,300 ftNov 2023Yes
42-227345592013,300 ftOct 2016Yes
42-2270097653,179 ftNov 2014Yes
42-227345552073,300 ftMar 2006May 2016Yes
42-227345562023,300 ftJul 2003Dec 2024Yes
42-227345582043,300 ftJun 1999Yes
42-227345548WS6,300 ftAug 1990Yes
42-227345612063,300 ftJul 1990Yes
42-227345622033,300 ftJul 1990Yes
42-2270097763,270 ftDec 1989Yes
42-2270097433,286 ftDec 1989Jun 2014Yes
42-2270097543,308 ftDec 1989Yes
42-2270097113,197 ftDec 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 (235)

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

235 months

Jul 20120085.133.02$0
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 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20111,664095.723.31$159,278
Oct 20111,709084.983.65$145,231
Sep 20111,581083.623.99$132,203
Aug 20111,465083.404.15$122,181
Jul 20111,665094.144.52$156,743
Jun 20111,598092.904.64$148,454
May 20111,592098.134.40$156,223
Apr 20111,4650105.964.33$155,231
Mar 20111,195096.364.06$115,150
Feb 20111,323085.644.18$113,302
Jan 20111,403086.504.59$121,360
Dec 20101,598085.734.35$136,997
Nov 20101,382080.843.80$111,721
Oct 20101,524078.103.51$119,024
Sep 20101,491072.633.98$108,291
Aug 20101,664073.684.42$122,604
Jul 20101,638072.554.74$118,837
Jun 20101,516070.364.91$106,666
May 20101,484071.124.24$105,542
Apr 20101,586081.694.12$129,560
Mar 20101,591078.394.39$124,718
Feb 20101,544073.585.44$113,608
Jan 20101,544074.365.96$114,812
Dec 20091,607071.445.48$114,804
Nov 20091,384074.593.75$103,233
Oct 20091,727072.544.11$125,277
Sep 20091,534065.543.06$100,538
Aug 20091,670067.423.22$112,591
Jul 20091,744061.133.46$106,611
Jun 20091,705066.163.90$112,803
May 20091,913054.743.93$104,718
Apr 20091,641046.773.59$76,750
Mar 20091,661042.144.06$69,995
Feb 20091,219032.814.63$39,995
Jan 20091,548035.865.37$55,511
Dec 20081,594037.105.98$59,137
Nov 20081,647055.496.86$91,392
Oct 20081,768075.246.92$133,024
Sep 20081,8480101.767.88$188,052
Aug 20081,9130114.228.48$218,503
Jul 20081,9220131.0811.39$251,936
Jun 20081,7550131.3313.03$230,484
May 20081,9960123.1711.57$245,847
Apr 20081,8260110.3110.45$201,426
Mar 20081,9830101.909.66$202,068
Feb 20081,900092.538.77$175,807
Jan 20082,047090.388.21$185,008
Dec 20071,994088.337.30$176,130
Nov 20072,171091.677.29$199,016
Oct 20071,815082.856.92$150,373
Sep 20071,916075.846.24$145,309
Aug 20072,0804369.066.39$143,919
Jul 20071,9692970.906.39$139,787
Jun 20071,6392562.007.55$101,807
May 20071,9925058.747.85$117,402
Apr 20072,0205259.617.81$120,818
Mar 20071,9905456.927.30$113,665
Feb 20071,800055.108.22$99,180
Jan 20072,2455750.306.73$113,307
Dec 20061,9076156.656.92$108,454
Nov 20062,1374854.207.62$116,191
Oct 20062,1905154.906.01$120,538
Sep 20061,9903660.085.04$119,741
Aug 20061,9483968.717.34$134,133
Jul 20062,0244069.376.34$140,659
Jun 20061,9073766.286.38$126,632
May 20061,643066.016.42$108,454
Apr 20061,8634764.397.36$120,305
Mar 20062,108056.707.08$119,524
Feb 20062,089057.597.75$120,306
Jan 20062,471060.598.93$149,718
Dec 20052,325054.9413.42$127,736
Nov 20052,175054.6910.59$118,951
Oct 20052,2545258.3413.80$132,216
Sep 20052,1553361.4512.08$132,823
Aug 20052,268061.519.80$139,505
Jul 20052,298055.697.84$127,976
Jun 20051,978652.337.38$103,553
May 20051,7621645.226.65$79,784
Apr 20051,8782149.207.36$92,552
Mar 20051,7291750.377.15$87,211
Feb 20051,9753245.226.31$89,511
Jan 20051,8521543.166.32$80,027
Dec 20041,8713539.866.75$74,814
Nov 20041,8795345.286.33$85,417
Oct 20042,0178049.706.52$100,766
Sep 20042,1208343.245.28$92,107
Aug 20042,1118142.375.55$89,893
Jul 20042,2317538.286.08$85,859
Jun 20042,3577936.106.43$85,596
May 20042,3308037.486.49$87,848
Apr 20042,2686434.475.86$78,553
Mar 20042,3166434.365.53$79,932
Feb 20042,1717432.455.51$70,857
Jan 20042,4547732.036.30$79,087
Dec 20032,51610130.266.30$76,771
Nov 20032,43210828.804.60$70,538
Oct 20032,71112228.174.76$76,950
Sep 20032,47813126.314.75$65,818
Aug 20032,22916829.765.13$67,197
Jul 20032,30318929.415.17$68,709
Jun 20032,23618128.565.98$64,943
May 20032,44121126.595.97$66,166
Apr 20032,34822426.675.41$63,832
Mar 20032,40020131.146.10$75,961
Feb 20032,17417633.487.93$74,180
Jan 20032,47218130.315.58$75,937
Dec 20022,37719126.914.85$64,892
Nov 20022,49121324.664.14$62,309
Oct 20022,48921126.464.23$66,751
Sep 20022,43019627.443.64$67,392
Aug 20022,54922725.963.16$66,890
Jul 20022,59221124.583.06$64,357
Jun 20022,53220223.733.34$60,759
May 20022,73522024.663.58$68,234
Apr 20022,64220423.653.51$63,200
Mar 20022,67718722.003.10$59,474
Feb 20022,62417118.222.38$48,216
Jan 20022,29117317.172.38$39,747
Dec 20011,95815416.932.36$33,513
Nov 20011,89014318.072.41$34,496
Oct 20012,65021719.782.53$52,966
Sep 20012,49724024.262.25$61,118
Aug 20012,62224024.873.05$65,942
Jul 20012,75419923.933.20$66,539
Jun 20012,54012824.563.82$62,872
May 20012,7306025.524.31$69,928
Apr 20012,48214524.685.34$62,029
Mar 20012,65811924.545.38$65,867
Feb 20012,3856727.755.77$66,570
Jan 20012,89313027.478.40$80,563
Dec 20002,46318626.889.12$67,902
Nov 20002,68812832.215.66$87,305
Oct 20002,9431731.235.15$91,997
Sep 20002,62920631.875.19$84,855
Aug 20002,52313429.644.54$75,390
Jul 20002,38319528.534.09$68,784
Jun 20002,34318329.304.40$69,455
May 20002,34120327.263.68$64,563
Apr 20002,16420224.513.12$53,669
Mar 20002,12419328.422.86$60,916
Feb 20002,18817027.622.73$60,896
Jan 20002,36013825.272.48$59,980
Dec 19992,29720524.282.42$56,268
Nov 19992,36521323.192.43$55,363
Oct 19992,65926720.982.80$56,534
Sep 19992,71919421.752.62$59,646
Aug 19992,75627219.262.88$53,863
Jul 19992,85227517.892.37$51,675
Jun 19992,86629615.942.36$46,383
May 19993,07431315.792.32$49,265
Apr 19993,11120415.102.21$47,427
Mar 19993,40327512.471.84$42,941
Feb 19993,2512469.981.82$32,892
Jan 19993,00917410.381.90$31,564
Dec 19982,7641029.201.77$25,610
Nov 19982,5927310.892.19$28,386
Oct 19983,1369312.421.97$39,132
Sep 19983,27617912.592.08$41,618
Aug 19983,27418411.301.91$37,347
Jul 19983,02316411.742.24$35,857
Jun 19983,03616411.242.24$34,492
May 19983,03217412.622.21$38,648
Apr 19982,96218613.042.51$39,090
Mar 19983,11619912.802.31$40,344
Feb 19982,90122113.952.30$40,977
Jan 19983,41426414.702.15$50,755
Dec 19973,51120916.322.41$57,803
Nov 19973,20525018.193.09$59,071
Oct 19973,42729519.253.15$66,899
Sep 19973,25227617.742.95$58,506
Aug 19973,36329217.862.55$60,809
Jul 19973,45729217.582.25$61,430
Jun 19973,19525017.242.26$55,646
May 19973,42926818.972.31$65,667
Apr 19973,18421417.882.08$57,376
Mar 19973,14421318.951.94$59,992
Feb 19972,61619520.492.21$54,032
Jan 19972,90319523.483.54$68,853
Dec 19963,21224423.32$74,904
Nov 19962,99933021.97$65,888
Oct 19963,39533823.31$79,137
Sep 19963,55835122.22$79,059
Aug 19963,49032320.26$70,707
Jul 19963,79134219.55$74,114
Jun 19963,59133718.73$67,259
May 19963,89834119.43$75,738
Apr 19963,95232421.51$85,008
Mar 19964,53631519.38$87,908
Feb 19964,50832716.98$76,546
Jan 19964,47435317.07$76,371
Dec 19954,62238817.19$79,452
Nov 19954,40341716.00$70,448
Oct 19954,69745715.43$72,475
Sep 19954,50344216.18$72,859
Aug 19954,62946215.92$73,694
Jul 19954,56040315.24$69,494
Jun 19954,40537316.41$72,286
May 19954,68144817.56$82,198
Apr 19954,82843117.73$85,600
Mar 19954,86839716.44$80,030
Feb 19954,32436216.58$71,692
Jan 19955,06742115.92$80,667
Dec 19945,18845415.03$77,976
Nov 19944,36943715.90$69,467
Oct 19945,94692815.58$92,639
Sep 19945,57685715.29$85,257
Aug 19945,98191016.13$96,474
Jul 19946,09493217.56$107,011
Jun 19945,67187817.09$96,917
May 19945,72586315.88$90,913
Apr 19945,23084214.14$73,952
Mar 19945,03879712.46$62,773
Feb 19944,82274312.50$60,275
Jan 19945,61386512.66$71,061
Dec 19935,12984712.33$63,241
Nov 19935,05580914.49$73,247
Oct 19934,79985815.85$76,064
Sep 19935,16591315.03$77,630
Aug 19935,35795315.66$83,891
Jul 19935,62286815.46$86,916
Jun 19935,14890316.79$86,435
May 19934,48575917.68$79,295
Apr 19934,39271218.05$79,276
Mar 19934,56276618.14$82,755
Feb 19933,67964317.90$65,854
Jan 19934,43873316.93$75,135

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                1,664 bbl  × $ 95.72 =   $159,278
Casinghead gas         0 Mcf  × $  3.31 =         $0

────────────────────────────────────────────────────
Month total                                 $159,278

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/19029 is the state's own key, not one this site invented.