REED BROTHERS -A-

Name: REED BROTHERS -A- 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 field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 19331District 08Field 42971001Hydrogen sulphide fieldOilCasinghead gasSave Export

Value, all time

$462 k

Jan 1993 – Apr 2009

Value, last 12 filed months

at the published price for each month

Months reported

196

no gaps in the span

Streams

oil, casinghead gas

The HOWARD GLASSCOCK 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 285 leases and 3,948 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

400 ft

minimum

From a lease line

200 ft

minimum

A drilling unit in this field needs at least 5 acres. The field rule took effect on 2008-07-28.

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: “HOWARD GLASSCOCK (CONSOLIDATED), EFFECTIVE 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	24,949 bbl	$455,932
Casinghead gas	Production	4,905 Mcf	$5,786
Total			$461,718

2,890 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 (2)

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 32.1021, -101.2730. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.10214, -101.27296 · 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%

2 of 2 wells

With a plug date

100.0%

2 of 2 wells

Median depth

2,376 ft

2 wells filed one

Completion to plug

5.0 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

2100.0%

A plug date is filed

2100.0%

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

2100.0%

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

Between 1,635 and 3,117 ft, median 2,376 ft, over the 2 wells that filed a depth.

Completions filed

Dec 1987

1 of 2 wells; 1 filed none

Plug dates filed

Dec 1992 – Mar 2009

2 of 2 wells

Last completion to plug: a median of 5.0 years across the 1 well that filed both dates, with the middle half between 5.0 years and 5.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells


42-22702758	2	3,117 ft	—	Mar 2009	Yes
42-22710007	4	1,635 ft	Dec 1987	Dec 1992	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 (196)

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

196 months


Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	18	0	28.56	5.98	$514
May 2003	159	15	26.59	5.97	$4,317
Apr 2003	161	15	26.67	5.41	$4,375
Mar 2003	151	7	31.14	6.10	$4,745
Feb 2003	140	14	33.48	7.93	$4,798
Jan 2003	166	22	30.31	5.58	$5,154
Dec 2002	170	24	26.91	4.85	$4,691
Nov 2002	190	31	24.66	4.14	$4,814
Oct 2002	180	32	26.46	4.23	$4,898
Sep 2002	170	32	27.44	3.64	$4,781
Aug 2002	186	36	25.96	3.16	$4,942
Jul 2002	170	33	24.58	3.06	$4,280
Jun 2002	173	32	23.73	3.34	$4,212
May 2002	179	27	24.66	3.58	$4,511
Apr 2002	165	25	23.65	3.51	$3,990
Mar 2002	171	26	22.00	3.10	$3,843
Feb 2002	175	21	18.22	2.38	$3,238
Jan 2002	163	25	17.17	2.38	$2,858
Dec 2001	182	28	16.93	2.36	$3,147
Nov 2001	172	27	18.07	2.41	$3,173
Oct 2001	199	38	19.78	2.53	$4,032
Sep 2001	176	27	24.26	2.25	$4,331
Aug 2001	169	26	24.87	3.05	$4,282
Jul 2001	161	31	23.93	3.20	$3,952
Jun 2001	181	31	24.56	3.82	$4,564
May 2001	165	21	25.52	4.31	$4,301
Apr 2001	160	33	24.68	5.34	$4,125
Mar 2001	117	5	24.54	5.38	$2,898
Feb 2001	78	0	27.75	5.77	$2,165
Jan 2001	77	0	27.47	8.40	$2,115
Dec 2000	18	0	26.88	9.12	$484
Nov 2000	88	0	32.21	5.66	$2,834
Oct 2000	93	0	31.23	5.15	$2,904
Sep 2000	91	6	31.87	5.19	$2,931
Aug 2000	110	10	29.64	4.54	$3,306
Jul 2000	104	20	28.53	4.09	$3,049
Jun 2000	90	23	29.30	4.40	$2,738
May 2000	39	21	27.26	3.68	$1,140
Apr 2000	115	19	24.51	3.12	$2,878
Mar 2000	62	15	28.42	2.86	$1,805
Feb 2000	59	7	27.62	2.73	$1,649
Jan 2000	60	16	25.27	2.48	$1,556
Dec 1999	66	28	24.28	2.42	$1,670
Nov 1999	88	30	23.19	2.43	$2,114
Oct 1999	94	28	20.98	2.80	$2,051
Sep 1999	78	13	21.75	2.62	$1,731
Aug 1999	121	13	19.26	2.88	$2,368
Jul 1999	117	24	17.89	2.37	$2,150
Jun 1999	53	27	15.94	2.36	$909
May 1999	107	17	15.79	2.32	$1,729
Apr 1999	100	23	15.10	2.21	$1,561
Mar 1999	129	30	12.47	1.84	$1,664
Feb 1999	111	29	9.98	1.82	$1,161
Jan 1999	113	33	10.38	1.90	$1,236
Dec 1998	126	26	9.20	1.77	$1,205
Nov 1998	187	43	10.89	2.19	$2,130
Oct 1998	233	45	12.42	1.97	$2,982
Sep 1998	237	47	12.59	2.08	$3,082
Aug 1998	235	48	11.30	1.91	$2,747
Jul 1998	232	47	11.74	2.24	$2,829
Jun 1998	235	39	11.24	2.24	$2,729
May 1998	245	49	12.62	2.21	$3,200
Apr 1998	224	47	13.04	2.51	$3,039
Mar 1998	186	45	12.80	2.31	$2,485
Feb 1998	168	36	13.95	2.30	$2,426
Jan 1998	189	19	14.70	2.15	$2,819
Dec 1997	187	15	16.32	2.41	$3,088
Nov 1997	178	19	18.19	3.09	$3,297
Oct 1997	180	28	19.25	3.15	$3,553
Sep 1997	157	33	17.74	2.95	$2,883
Aug 1997	227	39	17.86	2.55	$4,154
Jul 1997	104	24	17.58	2.25	$1,882
Jun 1997	202	40	17.24	2.26	$3,573
May 1997	186	42	18.97	2.31	$3,625
Apr 1997	178	43	17.88	2.08	$3,272
Mar 1997	179	43	18.95	1.94	$3,475
Feb 1997	150	38	20.49	2.21	$3,157
Jan 1997	206	44	23.48	3.54	$4,993
Dec 1996	158	34	23.32	—	$3,685
Nov 1996	174	52	21.97	—	$3,823
Oct 1996	98	25	23.31	—	$2,284
Sep 1996	183	47	22.22	—	$4,066
Aug 1996	213	50	20.26	—	$4,315
Jul 1996	213	42	19.55	—	$4,164
Jun 1996	173	40	18.73	—	$3,240
May 1996	191	50	19.43	—	$3,711
Apr 1996	182	56	21.51	—	$3,915
Mar 1996	254	61	19.38	—	$4,923
Feb 1996	192	53	16.98	—	$3,260
Jan 1996	242	54	17.07	—	$4,131
Dec 1995	167	32	17.19	—	$2,871
Nov 1995	188	36	16.00	—	$3,008
Oct 1995	192	77	15.43	—	$2,963
Sep 1995	297	1	16.18	—	$4,805
Aug 1995	333	54	15.92	—	$5,301
Jul 1995	447	58	15.24	—	$6,812
Jun 1995	390	52	16.41	—	$6,400
May 1995	372	60	17.56	—	$6,532
Apr 1995	352	53	17.73	—	$6,241
Mar 1995	367	56	16.44	—	$6,033
Feb 1995	327	54	16.58	—	$5,422
Jan 1995	360	59	15.92	—	$5,731
Dec 1994	371	58	15.03	—	$5,576
Nov 1994	357	59	15.90	—	$5,676
Oct 1994	355	43	15.58	—	$5,531
Sep 1994	344	51	15.29	—	$5,260
Aug 1994	219	66	16.13	—	$3,532
Jul 1994	220	72	17.56	—	$3,863
Jun 1994	214	48	17.09	—	$3,657
May 1994	239	66	15.88	—	$3,795
Apr 1994	243	63	14.14	—	$3,436
Mar 1994	364	58	12.46	—	$4,535
Feb 1994	297	56	12.50	—	$3,713
Jan 1994	330	60	12.66	—	$4,178
Dec 1993	316	64	12.33	—	$3,896
Nov 1993	295	67	14.49	—	$4,275
Oct 1993	302	79	15.85	—	$4,787
Sep 1993	289	81	15.03	—	$4,344
Aug 1993	302	88	15.66	—	$4,729
Jul 1993	307	89	15.46	—	$4,746
Jun 1993	298	89	16.79	—	$5,003
May 1993	352	85	17.68	—	$6,223
Apr 1993	279	84	18.05	—	$5,036
Mar 1993	423	126	18.14	—	$7,673
Feb 1993	367	105	17.90	—	$6,569
Jan 1993	340	77	16.93	—	$5,756

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.

Jun 2003 — as filed, then multipliedworked

Oil                   18 bbl  × $ 28.56 =       $514
Casinghead gas         0 Mcf  × $  5.98 =         $0

────────────────────────────────────────────────────
Month total                                     $514

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/19331 is the state's own key, not one this site invented.