REED

Operated by BKV BARNETT II, LLC (P-5 103758) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 223820District 09Field 65280200GasSaveExport
Value, all time
$10.4 M
Apr 2006 – May 2026
Value, last 12 filed months
$104 k
at the published price for each month
Months reported
242
no gaps in the span
Streams
1
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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
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 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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
GasProduction2,089,764 Mcf$10,364,936
Total$10,364,936

Every month this lease reported (242)

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

242 months

May 20261,443106.413.05$4,395
Apr 20262,51298.932.87$7,209
Mar 20262,91989.753.15$9,193
Feb 20261,27163.503.75$4,767
Jan 20261,64359.138.00$13,141
Dec 20251,73756.664.41$7,666
Nov 20251,47158.593.93$5,776
Oct 20252,98259.383.30$9,855
Sep 20253,22062.743.08$9,908
Aug 20253,28963.933.01$9,916
Jul 20253,39166.743.32$11,242
Jun 20253,40166.483.13$10,641
May 20253,65860.553.23$11,824
Apr 20252,13362.363.54$7,557
Mar 20253,25967.704.27$13,910
Feb 20253,44170.884.34$14,937
Jan 20254,10574.324.28$17,564
Dec 20243,97968.993.12$12,420
Nov 20242,10069.052.20$4,617
Oct 20243,29571.372.28$7,517
Sep 20243,66769.612.36$8,670
Aug 20243,75875.632.06$7,755
Jul 20243,76379.932.15$8,078
Jun 20243,75578.082.63$9,891
May 20243,97678.812.20$8,741
Apr 20243,81184.451.66$6,323
Mar 20244,03480.301.55$6,233
Feb 20243,63976.091.78$6,491
Jan 20243,72873.023.30$12,294
Dec 20233,87171.262.61$10,106
Nov 20233,85377.892.81$10,818
Oct 20233,94885.443.09$12,189
Sep 20234,10689.042.74$11,230
Aug 20233,96680.522.67$10,601
Jul 20234,12874.852.64$10,905
Jun 20233,93068.962.26$8,876
May 20233,99870.622.23$8,905
Apr 20233,93078.122.24$8,794
Mar 20234,02472.852.39$9,630
Feb 20233,67375.112.47$9,056
Jan 20234,02376.533.39$13,629
Dec 20223,54976.415.73$20,333
Nov 20224,08285.005.65$23,048
Oct 20224,23087.185.86$24,804
Sep 20224,28784.888.16$34,998
Aug 20224,00794.529.13$36,573
Jul 20224,300101.587.54$32,431
Jun 20224,253115.097.98$33,927
May 20223,375109.378.43$28,462
Apr 20223,995104.226.84$27,316
Mar 20224,169108.885.08$21,164
Feb 20223,73891.054.86$18,162
Jan 20224,36381.844.54$19,798
Dec 20214,23371.323.90$16,505
Nov 20214,46577.435.24$23,383
Oct 20214,44779.795.71$25,410
Sep 20214,29669.865.35$22,988
Aug 20214,38266.024.22$18,495
Jul 20214,79070.783.98$19,074
Jun 20214,57669.493.38$15,470
May 20213,62963.483.02$10,951
Apr 20214,00060.362.76$11,034
Mar 20214,43961.302.72$12,061
Feb 20212,79357.805.55$15,495
Jan 20214,72050.412.81$13,264
Dec 20205,12044.642.68$13,698
Nov 20204,98538.772.71$13,492
Oct 20205,31836.972.48$13,180
Sep 20205,01037.091.99$9,975
Aug 20205,26139.982.39$12,548
Jul 20205,23038.371.83$9,545
Jun 20205,03134.901.69$8,504
May 20204,63616.921.81$8,413
Apr 20204,83914.751.80$8,731
Mar 20205,59730.341.86$10,389
Feb 20205,25049.881.98$10,399
Jan 20204,84257.252.09$10,143
Dec 20196,16059.012.30$14,195
Nov 20196,22355.302.75$17,118
Oct 20195,74453.472.42$13,892
Sep 201976655.052.66$2,035
Aug 201918253.112.30$419
Jul 2019056.272.46$0
Jun 201924052.782.49$598
May 201950558.482.74$1,384
Apr 201945262.632.75$1,243
Mar 201941256.803.06$1,262
Feb 201957950.852.79$1,617
Jan 201953546.033.23$1,727
Dec 20182,88746.594.19$12,083
Nov 20182,30852.934.24$9,780
Oct 20181,17661.443.40$3,996
Sep 20183,97959.543.11$12,367
Aug 20183,98359.403.07$12,214
Jul 20183,65765.142.93$10,722
Jun 20183,56160.183.08$10,957
May 20184,03565.382.90$11,705
Apr 20183,73763.842.90$10,840
Mar 20184,16361.222.79$11,602
Feb 20183,89561.782.77$10,774
Jan 20184,78562.874.01$19,185
Dec 20175,63457.272.92$16,460
Nov 20176,26355.423.12$19,530
Oct 20176,88249.292.98$20,534
Sep 20176,29147.523.09$19,422
Aug 20175,73745.373.00$17,236
Jul 20175,53243.873.09$17,079
Jun 20175,24642.493.09$16,196
May 20175,53145.373.26$18,050
Apr 20175,47947.933.21$17,596
Mar 20175,60946.772.98$16,735
Feb 20174,62350.452.95$13,650
Jan 20174,46849.413.42$15,275
Dec 20163,74948.763.72$13,957
Nov 20165,68242.492.64$15,025
Oct 20165,80146.193.09$17,927
Sep 20165,91741.553.10$18,346
Aug 20166,39041.442.92$18,687
Jul 20166,51141.622.92$19,040
Jun 20166,39545.352.69$17,176
May 20166,63442.521.99$13,209
Apr 20166,73836.561.99$13,416
Mar 20166,85433.011.79$12,296
Feb 20165,75626.472.06$11,878
Jan 20166,35927.352.36$15,035
Dec 20156,09932.362.00$12,207
Nov 20155,42638.792.17$11,760
Oct 20157,46043.552.43$18,102
Sep 20157,48842.992.76$20,655
Aug 20157,04840.162.87$20,245
Jul 20157,06048.152.95$20,792
Jun 20156,80756.152.88$19,624
May 20157,08655.212.96$20,942
Apr 20157,00049.822.71$18,946
Mar 20155,08742.892.93$14,929
Feb 20155,67744.662.98$16,896
Jan 20156,64643.433.10$20,607
Dec 20147,40354.693.59$26,587
Nov 20147,33570.464.25$31,187
Oct 20147,88078.303.90$30,740
Sep 20142,64686.164.05$10,704
Aug 2014089.394.04$0
Jul 20142,57596.564.18$10,762
Jun 20146,33698.164.74$30,013
May 20148,44794.734.73$39,925
Apr 20147,84095.944.81$37,704
Mar 20147,95095.895.06$40,202
Feb 20142,35997.406.19$14,607
Jan 20149,50790.404.86$46,211
Dec 20139,70491.824.35$42,256
Nov 20139,44188.853.74$35,293
Oct 20139,74397.423.78$36,822
Sep 201310,176104.113.72$37,832
Aug 20139,529104.253.52$33,567
Jul 20138,422102.523.72$31,311
Jun 20137,82694.403.93$30,783
May 20138,30094.834.15$34,437
Apr 20138,40093.964.28$35,974
Mar 20138,90793.623.91$34,852
Feb 20138,85191.233.42$30,270
Jan 20139,81391.603.42$33,560
Dec 20128,91386.773.42$30,484
Nov 20129,81186.953.62$35,564
Oct 20129,82589.383.40$33,402
Sep 20127,77694.672.92$22,693
Aug 20127,92392.662.91$23,041
Jul 20126,93485.133.02$20,946
Jun 20129,63579.822.52$24,271
May 20124,09891.612.49$10,197
Apr 20123,992101.652.00$7,971
Mar 20127,040105.052.22$15,643
Feb 201212,732101.102.57$32,724
Jan 20123,44498.092.73$9,416
Dec 2011096.873.24$0
Nov 201110,40495.723.31$34,451
Oct 201115,18084.983.65$55,385
Sep 201115,96983.623.99$63,649
Aug 201113,68483.404.15$56,779
Jul 20119,89794.144.52$44,707
Jun 201113,31092.904.64$61,757
May 201118,78798.134.40$82,753
Apr 201113,364105.964.33$57,910
Mar 201116,09096.364.06$65,283
Feb 201117,64385.644.18$73,747
Jan 201121,60786.504.59$99,150
Dec 201026,58085.734.35$115,563
Nov 201018,35480.843.80$69,659
Oct 20103,31978.103.51$11,646
Sep 20109,53872.633.98$37,956
Aug 201010,77973.684.42$47,636
Jul 201011,56572.554.74$54,778
Jun 201013,02970.364.91$63,978
May 201021,37271.124.24$90,515
Apr 20105,96181.694.12$24,575
Mar 201010,21378.394.39$44,821
Feb 20109,89173.585.44$53,830
Jan 201011,29074.365.96$67,335
Dec 200911,68771.445.48$64,089
Nov 200911,52674.593.75$43,240
Oct 200912,50172.544.11$51,382
Sep 200911,15665.543.06$34,190
Aug 200910,92167.423.22$35,149
Jul 200911,33161.133.46$39,256
Jun 200910,46166.163.90$40,746
May 200913,04154.743.93$51,196
Apr 200911,39246.773.59$40,869
Mar 200911,09542.144.06$45,035
Feb 200915632.814.63$723
Jan 20097,08135.865.37$38,032
Dec 20087,74037.105.98$46,263
Nov 200812,94455.496.86$88,801
Oct 200812,25275.246.92$84,808
Sep 200811,343101.767.88$89,350
Aug 200810,122114.228.48$85,865
Jul 2008241131.0811.39$2,745
Jun 20084,189131.3313.03$54,594
May 200813,110123.1711.57$151,739
Apr 200812,641110.3110.45$132,160
Mar 200810,878101.909.66$105,126
Feb 200812,50492.538.77$109,667
Jan 200815,54890.388.21$127,583
Dec 200717,44888.337.30$127,405
Nov 200714,35791.677.29$104,687
Oct 200717,59782.856.92$121,806
Sep 200718,42375.846.24$115,036
Aug 200721,02869.066.39$134,326
Jul 200724,72170.906.39$157,916
Jun 200724,45762.007.55$184,612
May 200725,51758.747.85$200,214
Apr 200723,12459.617.81$180,487
Mar 200728,14856.927.30$205,536
Feb 200727,49655.108.22$225,907
Jan 200731,76950.306.73$213,705
Dec 200634,62856.656.92$239,572
Nov 200636,54254.207.62$278,358
Oct 200637,96954.906.01$228,338
Sep 200638,47360.085.04$193,796
Aug 200642,90668.717.34$314,927
Jul 200653,46569.376.34$339,116
Jun 200666,46366.286.38$424,292
May 200684,28466.016.42$541,525
Apr 20065,75464.397.36$42,352

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
Gas                1,443 Mcf  × $  3.05 =     $4,395

────────────────────────────────────────────────────
Month total                                   $4,395

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. 09/G/223820 is the state's own key, not one this site invented.