REED, S. J. (NE/4)

Operated by COG OPERATING LLC (P-5 166150) in the PARKS (CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 39582District 08Field 69233125Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$1.7 M
Apr 2009 – Mar 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
156
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 263 leases and 1,022 wells, and the rule below applies to all of them.

Discovered
2009-03-11
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2013-11-12.

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: PLAT OR A P-15, ACRE LIST, AND LEASE PLAT.

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
OilDisposition22,451 bbl$1,601,862
Casinghead gasProduction34,727 Mcf$125,331
Total$1,727,193

Wells on this lease (1)

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 31.8677, -102.1676. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

31.86770, -102.16763 · 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%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,630 ft
1 wells filed one
Completion to plug
14.7 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
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

The one well that filed a depth was drilled to 10,630 ft.

Completions filed
May 2007
1 of 1 wells
Plug dates filed
Jan 2022
1 of 1 wells

Last completion to plug: a median of 14.7 years across the 1 well that filed both dates, with the middle half between 14.7 years and 14.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-32900999110,630 ftMay 2007Jan 2022Yes

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 (156)

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

156 months

Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 2018110060.183.08$6,620
May 20180065.382.90$0
Apr 201808163.842.90$235
Mar 2018658561.222.79$4,216
Feb 201806961.782.77$191
Jan 2018724562.874.01$4,707
Dec 20177611457.272.92$4,686
Nov 201720824155.423.12$12,279
Oct 20175619549.292.98$3,342
Sep 201715318247.523.09$7,832
Aug 201711818945.373.00$5,921
Jul 201714131443.873.09$7,155
Jun 201712320342.493.09$5,853
May 201710922045.373.26$5,663
Apr 201711419447.933.21$6,087
Mar 201718627746.772.98$9,526
Feb 20176016350.452.95$3,508
Jan 201711519649.413.42$6,352
Dec 201616919848.763.72$8,978
Nov 20167016842.492.64$3,419
Oct 20169628546.193.09$5,315
Sep 201610419241.553.10$4,917
Aug 201610021041.442.92$4,758
Jul 201610619041.622.92$4,967
Jun 201612020445.352.69$5,990
May 201612922442.521.99$5,931
Apr 201621025436.561.99$8,183
Mar 201614724933.011.79$5,299
Feb 20167219326.472.06$2,304
Jan 201622421727.352.36$6,639
Dec 20158222932.362.00$3,112
Nov 201541443338.792.17$16,998
Oct 201531452543.552.43$14,949
Sep 201518263642.992.76$9,579
Aug 201535273940.162.87$16,259
Jul 201533055148.152.95$17,512
Jun 201518140556.152.88$11,331
May 201515846455.212.96$10,095
Apr 201522449.822.71$165
Mar 2015543542.892.93$2,419
Feb 2015342644.662.98$1,596
Jan 20151298643.433.10$5,869
Dec 20146111954.693.59$3,763
Nov 2014818470.464.25$6,064
Oct 20146921878.303.90$6,253
Sep 20147511886.164.05$6,939
Aug 20145712589.394.04$5,600
Jul 20145410896.564.18$5,666
Jun 2014419698.164.74$4,479
May 20143914594.734.73$4,380
Apr 2014439795.944.81$4,592
Mar 20144513195.895.06$4,977
Feb 201414520597.406.19$15,392
Jan 20147318090.404.86$7,474
Dec 20134811391.824.35$4,899
Nov 20132912088.853.74$3,025
Oct 20136211397.423.78$6,467
Sep 201384100104.113.72$9,117
Aug 201365112104.253.52$7,171
Jul 2013116250102.523.72$12,822
Jun 20136719894.403.93$7,104
May 20139215394.834.15$9,359
Apr 20135016193.964.28$5,388
Mar 20138421893.623.91$8,717
Feb 20135412891.233.42$5,364
Jan 2013414291.603.42$3,899
Dec 201211917786.773.42$10,931
Nov 201211020186.953.62$10,293
Oct 201212116889.383.40$11,386
Sep 201210315294.672.92$10,195
Aug 201215814892.662.91$15,071
Jul 201218527785.133.02$16,586
Jun 201218221779.822.52$15,074
May 201219942791.612.49$19,293
Apr 2012187437101.652.00$19,881
Mar 2012233496105.052.22$25,579
Feb 2012215462101.102.57$22,924
Jan 201224742498.092.73$25,387
Dec 201124747696.873.24$25,469
Nov 201128057495.723.31$28,702
Oct 201138162284.983.65$34,647
Sep 201153025083.623.99$45,315
Aug 201159443283.404.15$51,332
Jul 201147032694.144.52$45,718
Jun 201134326492.904.64$33,090
May 20113417698.134.40$33,797
Apr 20111533105.964.33$2,416
Mar 201136641596.364.06$36,952
Feb 201135649285.644.18$32,544
Jan 201135049886.504.59$32,560
Dec 201034157485.734.35$31,730
Nov 201052057280.843.80$44,208
Oct 201035464878.103.51$29,921
Sep 2010358672.633.98$2,550
Aug 201067164173.684.42$52,272
Jul 201034462572.554.74$27,918
Jun 201034160870.364.91$26,978
May 201067651971.124.24$50,275
Apr 201033847281.694.12$29,557
Mar 201017962178.394.39$16,757
Feb 201051649873.585.44$40,678
Jan 201036056874.365.96$30,157
Dec 200970958071.445.48$53,832
Nov 200935558174.593.75$28,659
Oct 200933963672.544.11$27,205
Sep 200935465165.543.06$25,196
Aug 200968172467.423.22$48,243
Jul 200933673261.133.46$23,076
Jun 200968874766.163.90$48,428
May 200935986354.743.93$23,040
Apr 200960989846.773.59$31,705

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 2018 — as filed, then multipliedworked
Oil                  110 bbl  × $ 60.18 =     $6,620
Casinghead gas         0 Mcf  × $  3.08 =         $0

────────────────────────────────────────────────────
Month total                                   $6,620

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/39582 is the state's own key, not one this site invented.