REED, L. R. & W. N.

Operated by MERIT ENERGY COMPANY (P-5 561136) 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 2679District 08Field 42971001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$2.8 M
Jan 1993 – Sep 2012
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
237
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 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.

StreamBasisVolumeValue
OilDisposition114,478 bbl$2,746,599
Casinghead gasProduction1,585 Mcf$8,558
Total$2,755,157

46 Mcf of this lease's gas, across 46 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 (29)

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, -101.2643. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.09900, -101.26414 · 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%
29 of 29 wells
With a plug date
44.8%
13 of 29 wells
Median depth
3,038 ft
29 wells filed one
Completion to plug
40.5 years
median over 13 wells

What the state filed about each well

On the RRC proration schedule
29100.0%
A plug date is filed
1344.8%
BothOn the schedule and plugged. Neither fact cancels the other.
1344.8%
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, 29 of 29 wells. Median 3,038 ft, with the middle half between 1,727 and 3,081 ft; the shallowest is 1,590 ft and the deepest 3,305 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, 29 of 29 wells, Nov 1964 – Sep 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
Nov 1964 – Sep 2022
29 of 29 wells
Plug dates filed
Dec 1996 – Apr 2023
13 of 29 wells; 16 filed none

Last completion to plug: a median of 40.5 years across the 13 wells that filed both dates, with the middle half between 22.5 years and 50.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

29 wells

42-227001659 L3,034 ftSep 2022Yes
42-22700137153,081 ftMar 2018Yes
42-2270016711 L3,100 ftMar 2014Yes
42-2270017123,035 ftSep 2002Yes
42-2270018363,064 ftApr 1999May 2018Yes
42-2270016483,075 ftApr 1999Apr 2023Yes
42-2270018253,056 ftApr 1999Yes
42-22700136143,117 ftMar 1999Yes
42-22700166103,095 ftFeb 1999Yes
42-22710024221,750 ftNov 1998May 2021Yes
42-227351391R3,305 ftAug 1997Yes
42-2270013816 L3,052 ftJan 1997Yes
42-227001847 L3,060 ftDec 1996Dec 2014Yes
42-227001814 L3,038 ftNov 1996Yes
42-227001743 L3,050 ftNov 1996May 2012Yes
42-22700139133,084 ftSep 1996Yes
42-22700140123,100 ftJan 1996Yes
42-22710021191,727 ftNov 1995Yes
42-22710023211,758 ftJun 1995Yes
42-22710030281,600 ftMay 1995Yes
42-22710027251,590 ftApr 1965Aug 2011Yes
42-22710029271,615 ftApr 1965May 2015Yes
42-22710022201,610 ftApr 1965May 2018Yes
42-22710026241,633 ftApr 1965May 2018Yes
42-22710028261,640 ftApr 1965Aug 2009Yes
42-22710025231,670 ftApr 1965Yes
42-22710020181,750 ftMar 1965May 2018Yes
42-22710019171,964 ftFeb 1965Aug 2005Yes
42-227001681 U3,099 ftNov 1964Dec 1996Yes

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 (237)

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

237 months

Sep 20120094.672.92$0
Aug 20120092.662.91$0
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 201131095.723.31$2,967
Oct 201133084.983.65$2,804
Sep 201132083.623.99$2,676
Aug 201132083.404.15$2,669
Jul 201199094.144.52$9,320
Jun 2011192092.904.64$17,837
May 2011199098.134.40$19,528
Apr 20111870105.964.33$19,815
Mar 2011154096.364.06$14,839
Feb 2011162085.644.18$13,874
Jan 2011174086.504.59$15,051
Dec 2010168085.734.35$14,403
Nov 2010159080.843.80$12,854
Oct 2010179078.103.51$13,980
Sep 2010163072.633.98$11,839
Aug 2010144073.684.42$10,610
Jul 2010161072.554.74$11,681
Jun 2010148070.364.91$10,413
May 2010186071.124.24$13,228
Apr 2010183081.694.12$14,949
Mar 2010213078.394.39$16,697
Feb 2010238073.585.44$17,512
Jan 20101933374.365.96$14,548
Dec 20092042571.445.48$14,711
Nov 2009197674.593.75$14,717
Oct 2009226172.544.11$16,398
Sep 2009194065.543.06$12,715
Aug 2009188067.423.22$12,675
Jul 2009181061.133.46$11,065
Jun 2009167066.163.90$11,049
May 2009176054.743.93$9,634
Apr 2009184046.773.59$8,606
Mar 2009190042.144.06$8,007
Feb 2009195032.814.63$6,398
Jan 2009162235.865.37$5,820
Dec 2008165237.105.98$6,133
Nov 2008152755.496.86$8,483
Oct 2008175575.246.92$13,202
Sep 20081510101.767.88$15,366
Aug 20081694114.228.48$19,337
Jul 20081640131.0811.39$21,497
Jun 200815410131.3313.03$20,355
May 200816617123.1711.57$20,643
Apr 200818410110.3110.45$20,402
Mar 200817620101.909.66$18,128
Feb 20081731792.538.77$16,157
Jan 20081991790.388.21$18,125
Dec 20071661788.337.30$14,787
Nov 20071801991.677.29$16,639
Oct 20071832082.856.92$15,300
Sep 20071571775.846.24$12,013
Aug 20071491769.066.39$10,399
Jul 20071691570.906.39$12,078
Jun 20071661762.007.55$10,420
May 20071831958.747.85$10,899
Apr 20071761959.617.81$10,640
Mar 20071881856.927.30$10,832
Feb 20071761655.108.22$9,829
Jan 20071812450.306.73$9,266
Dec 20061731456.656.92$9,897
Nov 20061891554.207.62$10,358
Oct 20062051554.906.01$11,345
Sep 20061801360.085.04$10,880
Aug 20061961168.717.34$13,548
Jul 20062351269.376.34$16,378
Jun 2006173966.286.38$11,524
May 20061911266.016.42$12,685
Apr 20061711464.397.36$11,114
Mar 20061771356.707.08$10,128
Feb 20061561257.597.75$9,077
Jan 2006156960.598.93$9,532
Dec 20051621354.9413.42$9,075
Nov 20051261054.6910.59$6,997
Oct 200581758.3413.80$4,822
Sep 200589661.4512.08$5,542
Aug 2005103661.519.80$6,394
Jul 2005103755.697.84$5,791
Jun 20051981752.337.38$10,487
May 20052231545.226.65$10,184
Apr 20052031649.207.36$10,105
Mar 20051981350.377.15$10,066
Feb 20051501545.226.31$6,878
Jan 2005219743.166.32$9,496
Dec 20043541039.866.75$14,178
Nov 200430145.286.33$1,365
Oct 200431249.706.52$1,554
Sep 200428243.245.28$1,221
Aug 200429242.375.55$1,240
Jul 200429338.286.08$1,128
Jun 200427236.106.43$988
May 200429237.486.49$1,100
Apr 200427234.475.86$942
Mar 200428334.365.53$979
Feb 200425232.455.51$822
Jan 200429332.036.30$948
Dec 200328230.266.30$860
Nov 200328228.804.60$816
Oct 200329228.174.76$826
Sep 200329226.314.75$772
Aug 200327229.765.13$814
Jul 200328229.415.17$834
Jun 200327228.565.98$783
May 200328226.595.97$756
Apr 200328226.675.41$758
Mar 200328231.146.10$884
Feb 200326233.487.93$886
Jan 200332330.315.58$987
Dec 200242426.914.85$1,150
Nov 200241424.664.14$1,028
Oct 200237426.464.23$996
Sep 200253527.443.64$1,473
Aug 200264625.963.16$1,680
Jul 200279824.583.06$1,966
Jun 200280823.733.34$1,925
May 20021041124.663.58$2,604
Apr 20021601623.653.51$3,840
Mar 20022022222.003.10$4,512
Feb 20021541718.222.38$2,846
Jan 20021561717.172.38$2,719
Dec 20011741716.932.36$2,986
Nov 20012292518.072.41$4,198
Oct 20012442719.782.53$4,895
Sep 20012192524.262.25$5,369
Aug 20012522624.873.05$6,347
Jul 20012372523.933.20$5,751
Jun 20012422724.563.82$6,047
May 20012913025.524.31$7,556
Apr 20013312924.685.34$8,324
Mar 20013322924.545.38$8,303
Feb 20012732427.755.77$7,714
Jan 2001115827.478.40$3,226
Dec 20001601526.889.12$4,438
Nov 20003192832.215.66$10,433
Oct 20003001831.235.15$9,462
Sep 20002823131.875.19$9,148
Aug 20002982829.644.54$8,960
Jul 20002513228.534.09$7,292
Jun 20002363129.304.40$7,051
May 20002313527.263.68$6,426
Apr 20002514024.513.12$6,277
Mar 20002894528.422.86$8,342
Feb 20002302827.622.73$6,429
Jan 2000991025.272.48$2,527
Dec 19991782624.282.42$4,385
Nov 19992082423.192.43$4,882
Oct 1999217020.982.80$4,553
Sep 1999228021.752.62$4,959
Aug 1999239019.262.88$4,603
Jul 1999239017.892.37$4,276
Jun 1999217015.942.36$3,459
May 1999291015.792.32$4,595
Apr 1999302015.102.21$4,560
Mar 1999368012.471.84$4,589
Feb 199934309.981.82$3,423
Jan 1999195010.381.90$2,024
Dec 199814409.201.77$1,325
Nov 1998332010.892.19$3,615
Oct 1998321012.421.97$3,987
Sep 1998313012.592.08$3,941
Aug 1998312011.301.91$3,526
Jul 1998355011.742.24$4,168
Jun 1998316011.242.24$3,552
May 1998343012.622.21$4,329
Apr 1998316013.042.51$4,121
Mar 1998389012.802.31$4,979
Feb 1998353013.952.30$4,924
Jan 1998385014.702.15$5,660
Dec 1997392016.322.41$6,397
Nov 1997517018.193.09$9,404
Oct 1997523019.253.15$10,068
Sep 1997489017.742.95$8,675
Aug 1997567017.862.55$10,127
Jul 1997503017.582.25$8,843
Jun 1997470017.242.26$8,103
May 1997381018.972.31$7,228
Apr 1997401017.882.08$7,170
Mar 1997381018.951.94$7,220
Feb 1997320020.492.21$6,557
Jan 1997545023.483.54$12,797
Dec 1996382023.32$8,908
Nov 1996813021.97$17,862
Oct 19961,318123.31$30,723
Sep 19961,381122.22$30,686
Aug 19961,864120.26$37,765
Jul 19962,093119.55$40,918
Jun 19961,629118.73$30,511
May 19962,084119.43$40,492
Apr 19962,125121.51$45,709
Mar 19961,811119.38$35,097
Feb 19962,031116.98$34,486
Jan 19961,943117.07$33,167
Dec 19951,964117.19$33,761
Nov 19952,318116.00$37,088
Oct 19952,286115.43$35,273
Sep 19951,158116.18$18,736
Aug 19952,223115.92$35,390
Jul 19951,233115.24$18,791
Jun 19952,265116.41$37,169
May 19951,078117.56$18,930
Apr 19951,387117.73$24,592
Mar 19951,734116.44$28,507
Feb 19951,312116.58$21,753
Jan 19951,796115.92$28,592
Dec 19941,494115.03$22,455
Nov 19941,845115.90$29,336
Oct 19941,404115.58$21,874
Sep 19941,699115.29$25,978
Aug 19941,045116.13$16,856
Jul 19941,801117.56$31,626
Jun 19941,818117.09$31,070
May 19941,348115.88$21,406
Apr 19941,821114.14$25,749
Mar 19941,807112.46$22,515
Feb 19942,119112.50$26,488
Jan 19941,820112.66$23,041
Dec 19931,422112.33$17,533
Nov 19931,837114.49$26,618
Oct 19931,476115.85$23,395
Sep 19932,076115.03$31,202
Aug 19931,833115.66$28,705
Jul 19932,092115.46$32,342
Jun 19931,458116.79$24,480
May 19931,858117.68$32,849
Apr 19931,466118.05$26,461
Mar 19931,556118.14$28,226
Feb 19931,046117.90$18,723
Jan 19931,802116.93$30,508

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                   31 bbl  × $ 95.72 =     $2,967
Casinghead gas         0 Mcf  × $  3.31 =         $0

────────────────────────────────────────────────────
Month total                                   $2,967

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/2679 is the state's own key, not one this site invented.