REED "39"

Operated by NEW HEIGHT ENERGY, LLC (P-5 100152) in the PERRIWINKLE (CANYON) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 39880District 08Field 70661300OilCasinghead gasSaveExport
Value, all time
$9.6 M
Dec 2009 – May 2026
Value, last 12 filed months
$263 k
at the published price for each month
Months reported
198
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 15 leases and 18 wells, and the rule below applies to all of them.

Discovered
1985-03-15
as the register files it
Field class
Oil
the register's own label
Between wells
933 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1988-05-01.

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
OilDisposition108,524 bbl$8,268,705
Casinghead gasProduction352,777 Mcf$1,332,416
Total$9,601,120

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 32.4613, -101.7078. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.46134, -101.70780 · 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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,843 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

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 9,843 ft.

Completions filed
Dec 2009
1 of 1 wells

1 well

42-3173565739,843 ftDec 2009

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 (198)

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

198 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 2026584,51189.753.15$19,413
Feb 2026874,17763.503.75$21,190
Jan 2026274,65059.138.00$38,787
Dec 2025834,84856.664.41$26,099
Nov 20251224,65358.593.93$25,418
Oct 2025407,56059.383.30$27,360
Sep 20251916,39362.743.08$31,654
Aug 2025774,83763.933.01$19,505
Jul 2025797,16666.743.32$29,029
Jun 20251175,44666.483.13$24,817
May 2025785,23760.553.23$21,651
Apr 20251174,31662.363.54$22,588
Mar 20251544,90867.704.27$31,375
Feb 20251486,72570.884.34$39,682
Jan 202578074.324.28$5,797
Dec 2024954,80168.993.12$21,540
Nov 20241215,42569.052.20$20,282
Oct 20241085,32571.372.28$19,856
Sep 20241105,75369.612.36$21,259
Aug 20241046,75675.632.06$21,807
Jul 20241976,10079.932.15$28,840
Jun 20241974,05878.082.63$26,070
May 2024089678.812.20$1,970
Apr 20246929684.451.66$6,318
Mar 20245477680.301.55$5,535
Feb 2024635276.091.78$1,084
Jan 202410073.023.30$730
Dec 20231435671.262.61$1,927
Nov 2023105277.892.81$925
Oct 202302185.443.09$65
Sep 20231432189.042.74$2,125
Aug 2023101080.522.67$8,133
Jul 20231523,88874.852.64$21,649
Jun 20233291,68368.962.26$26,489
May 2023122070.622.23$8,616
Apr 20231831278.122.24$14,323
Mar 2023017872.852.39$426
Feb 202307375.112.47$180
Jan 20238093676.533.39$9,293
Dec 20222073,19876.415.73$34,138
Nov 20221253,40785.005.65$29,862
Oct 20221853,05987.185.86$34,066
Sep 20221593,57384.888.16$42,665
Aug 20222473,79494.529.13$57,975
Jul 20222742,278101.587.54$45,014
Jun 20223162,770115.097.98$58,465
May 20222003,896109.378.43$54,729
Apr 20223082,707104.226.84$50,609
Mar 20224931,135108.885.08$59,440
Feb 20223308891.054.86$30,474
Jan 20224332,28981.844.54$45,823
Dec 20218081,79571.323.90$64,625
Nov 20216262,31277.435.24$60,579
Oct 202132276779.795.71$30,075
Sep 202158119969.865.35$41,653
Aug 202106466.024.22$270
Jul 202101270.783.98$48
Jun 202125929369.493.38$18,988
May 20213122,44963.483.02$27,196
Apr 20211632,22560.362.76$15,976
Mar 20212601,38961.302.72$19,712
Feb 20212282,05657.805.55$24,585
Jan 20213784,77050.412.81$32,460
Dec 20204563,68144.642.68$30,204
Nov 20206054,44538.772.71$35,487
Oct 20202904,67636.972.48$22,310
Sep 20201853,84737.091.99$14,521
Aug 20203766,41239.982.39$30,326
Jul 20205814,35538.371.83$30,241
Jun 20201382,01734.901.69$8,226
May 2020038116.921.81$691
Apr 20205114,82814.751.80$16,249
Mar 20201333,00530.341.86$9,613
Feb 202047049.881.98$2,344
Jan 2020208457.252.09$1,321
Dec 20196523559.012.30$4,377
Nov 2019991055.302.75$5,502
Oct 20190553.472.42$12
Sep 20191677455.052.66$9,390
Aug 20190353.112.30$7
Jul 20190056.272.46$0
Jun 20192482652.782.49$13,154
May 201941172558.482.74$26,022
Apr 201929360162.632.75$20,004
Mar 20198056.803.06$454
Feb 20191307750.852.79$6,826
Jan 201931667546.033.23$16,725
Dec 201856090546.594.19$29,878
Nov 201822820252.934.24$12,924
Oct 2018038161.443.40$1,295
Sep 201823435759.543.11$15,042
Aug 20189815359.403.07$6,290
Jul 2018262665.142.93$17,084
Jun 20182171360.183.08$13,099
May 201819319865.382.90$13,193
Apr 201815825563.842.90$10,826
Mar 201810231861.222.79$7,131
Feb 20188623861.782.77$5,971
Jan 201810934162.874.01$8,220
Dec 20176128857.272.92$4,335
Nov 20178840855.423.12$6,149
Oct 201712445849.292.98$7,478
Sep 201711244547.523.09$6,696
Aug 20178550845.373.00$5,383
Jul 201711962943.873.09$7,162
Jun 201719666142.493.09$10,369
May 201715859945.373.26$9,123
Apr 201715663747.933.21$9,523
Mar 201716676046.772.98$10,031
Feb 201730959450.452.95$17,343
Jan 20175430749.413.42$3,718
Dec 201626165748.763.72$15,172
Nov 201621065042.492.64$10,642
Oct 20162619646.193.09$1,807
Sep 201611329141.553.10$5,597
Aug 201628773441.442.92$14,040
Jul 201618064241.622.92$9,369
Jun 201617350145.352.69$9,191
May 201634667242.521.99$16,050
Apr 20168640736.561.99$3,955
Mar 201612541133.011.79$4,864
Feb 201617148126.472.06$5,519
Jan 201630147927.352.36$9,365
Dec 201567584232.362.00$23,528
Nov 201569489138.792.17$28,851
Oct 201579696443.552.43$37,005
Sep 201563377842.992.76$29,359
Aug 201567281640.162.87$29,331
Jul 201526062048.152.95$14,345
Jun 201524954456.152.88$15,550
May 201530975255.212.96$19,282
Apr 201530984549.822.71$17,681
Mar 201544928542.892.93$20,094
Feb 201568887844.662.98$33,339
Jan 20159868243.433.10$6,371
Dec 201419092054.693.59$13,695
Nov 201410079570.464.25$10,426
Oct 20142091,00578.303.90$20,285
Sep 201416778486.164.05$17,560
Aug 201426050889.394.04$25,291
Jul 201430174696.564.18$32,183
Jun 201418274798.164.74$21,404
May 201410893594.734.73$14,650
Apr 201449096295.944.81$51,637
Mar 20144191,85395.895.06$49,548
Feb 20145031,52597.406.19$58,435
Jan 20143451,14390.404.86$36,744
Dec 20135951,27591.824.35$60,185
Nov 20133501,11588.853.74$35,266
Oct 20134181,40897.423.78$46,043
Sep 20136521,326104.113.72$72,809
Aug 2013408997104.253.52$46,046
Jul 20137281,457102.523.72$80,051
Jun 20136602,01494.403.93$70,226
May 20137471,98394.834.15$79,066
Apr 20137851,70793.964.28$81,069
Mar 20139292,88693.623.91$98,266
Feb 20135942,42191.233.42$62,470
Jan 20136642,69891.603.42$70,049
Dec 20125342,03586.773.42$53,295
Nov 201268279786.953.62$62,189
Oct 2012847889.383.40$75,732
Sep 20125121,28594.672.92$52,221
Aug 20127481,37292.662.91$73,300
Jul 20129251,14485.133.02$82,201
Jun 20128571,13279.822.52$71,257
May 20121,2781,97091.612.49$121,980
Apr 20121,1881,808101.652.00$124,370
Mar 20121,3861,611105.052.22$149,179
Feb 2012612867101.102.57$64,102
Jan 201242164798.092.73$43,065
Dec 201170075396.873.24$70,249
Nov 201191977895.723.31$90,543
Oct 20117811,11584.983.65$70,438
Sep 20119121,30883.623.99$81,475
Aug 201192551183.404.15$79,265
Jul 20117921,48494.144.52$81,262
Jun 20118931,60792.904.64$90,416
May 20111,3011,79098.134.40$135,552
Apr 20111,2241,780105.964.33$137,408
Mar 20111,4772,13596.364.06$150,986
Feb 20111,4961,90785.644.18$136,089
Jan 20111,7932,74286.504.59$167,677
Dec 20102,1112,20985.734.35$190,580
Nov 20101,7871,88180.843.80$151,600
Oct 20101,8002,51078.103.51$149,387
Sep 20103,2434,31372.633.98$252,703
Aug 20103,4953,95373.684.42$274,981
Jul 20103,7553,73972.554.74$290,135
Jun 20104,0454,70470.364.91$307,705
May 20105,0055,40371.124.24$378,838
Apr 20103,8523,62181.694.12$329,598
Mar 20105,6566,07278.394.39$470,022
Feb 20102,8412,68373.585.44$223,643
Jan 20105,6554,34474.365.96$446,414
Dec 20093,4612,69871.445.48$262,049

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.

Mar 2026 — as filed, then multipliedworked
Oil                   58 bbl  × $ 89.75 =     $5,206
Casinghead gas     4,511 Mcf  × $  3.15 =    $14,207

────────────────────────────────────────────────────
Month total                                  $19,413

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/39880 is the state's own key, not one this site invented.