REED "27"

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

Oil lease lease 40187District 08Field 85280300OilCasinghead gasSaveExport
Value, all time
$14.3 M
Jun 2010 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
192
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 16,587 leases and 43,997 wells, and the rule below applies to all of them.

Discovered
1952-12-22
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 80 acres. The field rule took effect on 2018-02-13.

The Commission's schedule remark for this field reads: SPRABERRY (TREND AREA) FIELD EFFECTIVE 10/1/2019.

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
OilDisposition170,906 bbl$13,239,912
Casinghead gasProduction298,627 Mcf$1,046,100
Total$14,286,012

Wells on this lease (4)

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 32.4846, -101.7111. A lease has no coordinate of its own — that point is the mean of its wells, and they span 1.0 miles.

32.48436, -101.71024 · 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 4 wells
With a plug date
0.0%
0 of 4 wells
Median depth
10,843 ft
4 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.
4100.0%

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 10,810 and 10,870 ft, median 10,843 ft, over the 4 wells that filed a depth.

Completions filed
Jul 2010 – Jun 2021
4 of 4 wells

4 wells

42-31736513310,870 ftJun 2021
42-31736514410,818 ftSep 2011
42-31736230210,867 ftMar 2011
42-31735848110,810 ftJul 2010

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 (192)

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

192 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20246078.082.63$468
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 202307589.042.74$205
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 2023178070.622.23$12,570
Apr 202331352978.122.24$25,635
Mar 202318635472.852.39$14,397
Feb 202336646375.112.47$28,632
Jan 202335154176.533.39$28,695
Dec 202236869776.415.73$32,112
Nov 202236579885.005.65$35,531
Oct 202236368087.185.86$35,634
Sep 202217069684.888.16$20,112
Aug 202253894594.529.13$59,477
Jul 2022178882101.587.54$24,733
Jun 2022542881115.097.98$69,407
May 20225391,044109.378.43$67,755
Apr 20223631,501104.226.84$48,095
Mar 2022896749108.885.08$101,359
Feb 202218468391.054.86$20,072
Jan 202273195181.844.54$64,140
Dec 202163470071.323.90$47,946
Nov 202135529077.435.24$29,006
Oct 202118812679.795.71$15,720
Sep 202118113169.865.35$13,346
Aug 202136011966.024.22$24,269
Jul 202134937970.783.98$26,211
Jun 202152467369.493.38$38,688
May 202136267763.483.02$25,023
Apr 202154667260.362.76$34,810
Mar 202154193561.302.72$35,704
Feb 202117055157.805.55$12,883
Jan 202189282150.412.81$47,273
Dec 202018369644.642.68$10,031
Nov 202036044638.772.71$15,164
Oct 20205041,03136.972.48$21,188
Sep 202034090137.091.99$14,405
Aug 202050489739.982.39$22,289
Jul 20203341,13838.371.83$14,893
Jun 202067798334.901.69$25,289
May 20201691,08316.921.81$4,825
Apr 20206751,02714.751.80$11,809
Mar 202069393430.341.86$22,759
Feb 202035396849.881.98$19,525
Jan 20206911,12257.252.09$41,910
Dec 201952193359.012.30$32,894
Nov 20198711,28055.302.75$51,687
Oct 20196921,54153.472.42$40,728
Sep 20195331,12055.052.66$32,318
Aug 20195221,09453.112.30$30,244
Jul 20196741,31656.272.46$41,163
Jun 20193321,01352.782.49$20,047
May 201968681258.482.74$42,342
Apr 20194721,29062.632.75$33,110
Mar 20197111,20356.803.06$44,069
Feb 20197011,10050.852.79$38,717
Jan 20195341,18046.033.23$28,389
Dec 20186991,29346.594.19$37,978
Nov 20187081,06752.934.24$41,996
Oct 20185141,44761.443.40$36,497
Sep 20188581,23859.543.11$54,933
Aug 20185341,46059.403.07$36,197
Jul 201868494365.142.93$47,321
Jun 20183461,02060.183.08$23,961
May 20186901,20265.382.90$48,599
Apr 20186901,23963.842.90$47,644
Mar 20186891,43561.222.79$46,180
Feb 20185081,29461.782.77$34,964
Jan 20188601,36762.874.01$59,549
Dec 20175281,31857.272.92$34,089
Nov 20177011,20155.423.12$42,595
Oct 20176941,38449.292.98$38,337
Sep 20175251,47747.523.09$29,508
Aug 20177231,59145.373.00$37,583
Jul 20178701,74243.873.09$43,545
Jun 20176891,78842.493.09$34,796
May 20171711,49545.373.26$12,637
Apr 20175271,19547.933.21$29,097
Mar 20171,0581,78346.772.98$54,803
Feb 20173321,70950.452.95$21,795
Jan 20177051,80849.413.42$41,015
Dec 20167131,61248.763.72$40,767
Nov 20161,0101,75242.492.64$47,548
Oct 20168051,94946.193.09$43,206
Sep 20166812,12741.553.10$34,891
Aug 20166942,20941.442.92$35,219
Jul 20167022,09841.622.92$35,353
Jun 20161,0092,23245.352.69$51,753
May 20168122,06142.521.99$38,630
Apr 20166852,19236.561.99$29,408
Mar 20161,0472,45233.011.79$38,960
Feb 20161,0012,20726.472.06$31,051
Jan 20167052,19427.352.36$24,469
Dec 20151,0042,37432.362.00$37,241
Nov 20151,0012,24038.792.17$43,684
Oct 20156792,45143.552.43$35,518
Sep 20151,0002,51742.992.76$49,933
Aug 20151,0122,67640.162.87$48,329
Jul 20159982,85348.152.95$56,456
Jun 20151,3432,47056.152.88$82,530
May 20151,0132,88055.212.96$64,439
Apr 20151,3772,95749.822.71$76,605
Mar 20151,0432,13042.892.93$50,985
Feb 20151,1992,56944.662.98$61,193
Jan 20158532,38443.433.10$44,438
Dec 20141,0262,54154.693.59$65,238
Nov 20141,0261,84570.464.25$80,137
Oct 20141,3432,78978.303.90$116,037
Sep 20141,1893,10786.164.05$115,013
Aug 20141,3933,51289.394.04$138,692
Jul 20141,0002,63496.564.18$107,569
Jun 20141,1853,20698.164.74$131,506
May 20141,1993,23894.734.73$128,886
Apr 20141,3333,25995.944.81$143,561
Mar 20141,3823,43795.895.06$149,900
Feb 20141,3823,11897.406.19$153,913
Jan 20141,2923,10990.404.86$131,909
Dec 20131,4102,64991.824.35$141,001
Nov 20131,5743,42988.853.74$152,668
Oct 20131,5654,22397.423.78$168,423
Sep 20131,5344,539104.113.72$176,580
Aug 20131,7184,826104.253.52$196,102
Jul 20131,5084,846102.523.72$172,616
Jun 20131,8625,17894.403.93$196,140
May 20131,6535,33194.834.15$178,873
Apr 20131,8772,63193.964.28$187,630
Mar 20132,2494,04093.623.91$226,359
Feb 20132,7476,43491.233.42$272,613
Jan 20132,2552,95091.603.42$216,647
Dec 20122,7641,51286.773.42$245,004
Nov 20122,8631,76786.953.62$255,343
Oct 20122,9023,10789.383.40$269,944
Sep 20123,7613,06594.672.92$364,999
Aug 20123,9192,59092.662.91$370,667
Jul 20124,7984,31685.133.02$421,492
Jun 20124,7321,24579.822.52$380,844
May 20124,5816,94391.612.49$436,942
Apr 20122,4413,104101.652.00$254,326
Mar 20122,0262,674105.052.22$218,773
Feb 20122,3452,678101.102.57$243,963
Jan 20121,7742,33298.092.73$180,388
Dec 20112,0713,66996.873.24$212,504
Nov 20112,4152,73195.723.31$240,207
Oct 20113,0913,87284.983.65$276,800
Sep 20112,8914,66383.623.99$260,331
Aug 20112,2122,30683.404.15$194,049
Jul 20112,3722,27094.144.52$233,554
Jun 20112,5652,76292.904.64$251,104
May 20113,8972,53198.134.40$393,561
Apr 20112,8612,748105.964.33$315,059
Mar 20118671,20696.364.06$88,437
Feb 20118281,02785.644.18$75,203
Jan 20111,2972,70386.504.59$124,594
Dec 20101,04791585.734.35$93,738
Nov 20107821,42080.843.80$68,606
Oct 20106751,21778.103.51$56,988
Sep 20101,0081,82372.633.98$80,466
Aug 20101,2082,60573.684.42$100,518
Jul 20101,0512,29872.554.74$87,135
Jun 2010092470.364.91$4,537

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 2024 — as filed, then multipliedworked
Oil                    6 bbl  × $ 78.08 =       $468
Casinghead gas         0 Mcf  × $  2.63 =         $0

────────────────────────────────────────────────────
Month total                                     $468

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/40187 is the state's own key, not one this site invented.