REED 24 UNIT

Operated by EOG RESOURCES, INC. (P-5 253162) in the PHANTOM (WOLFCAMP) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 50429District 08Field 71052900OilCasinghead gasSave
Value, all time
$173.2 M
Jan 2018 – May 2026
Value, last 12 filed months
$13.0 M
at the published price for each month
Months reported
101
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition2,635,639 bbl$156,353,178
Casinghead gasProduction5,213,887 Mcf$16,821,989
Total$173,175,167

Wells on this lease (5)

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 31.8978, -103.4848. A lease has no coordinate of its own — that point is the mean of its wells, and they span 2.1 miles.

31.90521, -103.48432 · 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 5 wells
With a plug date
0.0%
0 of 5 wells
Median depth
12,237 ft
5 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.
5100.0%

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 12,197 and 12,268 ft, median 12,237 ft, over the 5 wells that filed a depth.

Completions filed
Jan 2018 – Jul 2019
5 of 5 wells

5 wells

42-301341998H12,268 ftJul 2019
42-301339635H12,227 ftNov 2018
42-301340967H12,237 ftNov 2018
42-301339624H12,255 ftNov 2018
42-301336632H12,197 ftJan 2018

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 (101)

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

101 months

May 202612,98125,985106.413.05$1,460,454
Apr 202613,08125,06598.932.87$1,366,033
Mar 202613,54025,36689.753.15$1,295,104
Feb 202612,38522,98463.503.75$872,645
Jan 202612,66024,16259.138.00$941,832
Dec 202513,70925,85256.664.41$890,846
Nov 202513,97331,80758.593.93$943,566
Oct 202514,81230,30859.383.30$979,700
Sep 202514,92132,44062.743.08$1,035,959
Aug 202516,69633,38363.933.01$1,168,017
Jul 202511,08323,54366.743.32$817,729
Jun 202516,27534,73766.483.13$1,190,644
May 202517,60335,67360.553.23$1,181,168
Apr 202517,42031,46162.363.54$1,197,781
Mar 202517,56531,62667.704.27$1,324,140
Feb 202517,45628,20570.884.34$1,359,715
Jan 202516,26524,50374.324.28$1,313,655
Dec 20248,63512,85768.993.12$635,860
Nov 20249,08411,93369.052.20$653,484
Oct 20249,43214,24371.372.28$705,656
Sep 202413,45222,89169.612.36$990,516
Aug 202414,47925,09175.632.06$1,146,825
Jul 202414,58227,38879.932.15$1,224,330
Jun 20249,47319,26478.082.63$790,393
May 202411,65026,04678.812.20$975,397
Apr 202414,67932,49184.451.66$1,293,551
Mar 202414,14631,23980.301.55$1,184,192
Feb 202415,49131,57876.091.78$1,235,034
Jan 202417,46331,49173.023.30$1,378,995
Dec 202313,98523,01171.262.61$1,056,646
Nov 20237,69313,24377.892.81$636,388
Oct 20237,82213,43485.443.09$709,786
Sep 20237,67313,87689.042.74$721,155
Aug 20238,33713,23180.522.67$706,660
Jul 20238,59515,79274.852.64$685,055
Jun 20238,66214,57968.962.26$630,258
May 20239,46215,67370.622.23$703,116
Apr 20239,64117,24978.122.24$791,754
Mar 202310,14118,13372.852.39$782,167
Feb 20238,75414,24175.112.47$692,627
Jan 20239,99017,00376.533.39$822,136
Dec 202211,12216,16976.415.73$942,466
Nov 202213,82122,60885.005.65$1,302,434
Oct 202214,73327,60687.185.86$1,446,298
Sep 202214,91830,48284.888.16$1,515,085
Aug 202213,62329,39594.529.13$1,555,939
Jul 202213,85724,685101.587.54$1,593,770
Jun 202215,89631,405115.097.98$2,079,995
May 202214,21524,682109.378.43$1,762,839
Apr 202216,72931,518104.226.84$1,959,004
Mar 202218,77936,413108.885.08$2,229,504
Feb 202216,40630,15991.054.86$1,640,304
Jan 202219,27338,96481.844.54$1,754,108
Dec 202122,41242,22571.323.90$1,763,064
Nov 202122,11343,08577.435.24$1,937,839
Oct 202120,97936,46679.795.71$1,882,276
Sep 202117,98433,83169.865.35$1,437,389
Aug 202118,65040,52666.024.22$1,402,317
Jul 202120,32540,12270.783.98$1,598,373
Jun 202123,10145,15969.493.38$1,757,954
May 202120,10435,01963.483.02$1,381,878
Apr 202123,37141,44360.362.76$1,524,991
Mar 202127,30850,13161.302.72$1,810,183
Feb 202118,02535,27657.805.55$1,237,554
Jan 202127,98249,59750.412.81$1,549,954
Dec 202029,32053,90144.642.68$1,453,055
Nov 202029,79255,04938.772.71$1,304,030
Oct 202031,98360,98136.972.48$1,333,549
Sep 202028,56453,95337.091.99$1,166,861
Aug 202031,52461,60439.982.39$1,407,261
Jul 202037,43167,10938.371.83$1,558,709
Jun 202036,20969,03734.901.69$1,380,388
May 202039,80074,99516.921.81$809,513
Apr 202042,02978,36814.751.80$761,333
Mar 202045,81786,40230.341.86$1,550,470
Feb 202043,92483,64349.881.98$2,356,598
Jan 202049,822102,55857.252.09$3,067,142
Dec 201950,793104,09059.012.30$3,237,156
Nov 201947,55793,19855.302.75$2,886,262
Oct 201968,727142,10553.472.42$4,018,519
Sep 201970,471143,55255.052.66$4,260,886
Aug 201991,455200,28353.112.30$5,318,699
Jul 201995,744198,79156.272.46$5,876,553
Jun 20192,9757,47552.782.49$175,642
May 201945,90499,34458.482.74$2,956,700
Apr 201952,408111,91662.632.75$3,590,160
Mar 201959,590121,71156.803.06$3,757,403
Feb 201961,375110,98350.852.79$3,430,808
Jan 201984,300173,58046.033.23$4,440,676
Dec 2018110,141229,04246.594.19$6,090,111
Nov 2018165,647339,16652.934.24$10,204,823
Oct 20186,07512,27761.443.40$414,966
Sep 201812,57627,60859.543.11$834,581
Aug 201816,27334,75359.403.07$1,073,188
Jul 201816,69637,12165.142.93$1,196,412
Jun 201819,91245,11560.183.08$1,337,119
May 201824,63254,47665.382.90$1,768,464
Apr 201826,01061,74463.842.90$1,839,585
Mar 201834,32677,61661.222.79$2,317,741
Feb 201842,46296,14961.782.77$2,889,262
Jan 201821,90344,14962.874.01$1,554,049

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.

May 2026 — as filed, then multipliedworked
Oil               12,981 bbl  × $106.41 = $1,381,308
Casinghead gas    25,985 Mcf  × $  3.05 =    $79,146

────────────────────────────────────────────────────
Month total                               $1,460,454

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/50429 is the state's own key, not one this site invented.