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 228302District 09Field 65280200GasSaveExport
Value, all time
$10.4 M
Aug 2006 – May 2026
Value, last 12 filed months
$71 k
at the published price for each month
Months reported
238
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
GasProduction1,986,397 Mcf$10,431,406
Total$10,431,406

Every month this lease reported (238)

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

238 months

May 2026669106.413.05$2,038
Apr 20261,24298.932.87$3,564
Mar 20261,64489.753.15$5,178
Feb 20261,28163.503.75$4,804
Jan 202625959.138.00$2,071
Dec 202590956.664.41$4,012
Nov 20251,75858.593.93$6,903
Oct 20252,57359.383.30$8,503
Sep 20252,51162.743.08$7,726
Aug 20252,63563.933.01$7,944
Jul 20252,86566.743.32$9,498
Jun 20252,87866.483.13$9,004
May 20253,00260.553.23$9,703
Apr 20252,29962.363.54$8,146
Mar 20252,97967.704.27$12,715
Feb 20252,85870.884.34$12,406
Jan 20253,21374.324.28$13,747
Dec 20243,21168.993.12$10,023
Nov 20243,16569.052.20$6,958
Oct 20243,24171.372.28$7,394
Sep 20243,16869.612.36$7,490
Aug 20243,23775.632.06$6,680
Jul 20243,19579.932.15$6,858
Jun 20243,10478.082.63$8,176
May 20243,25478.812.20$7,154
Apr 20243,06584.451.66$5,085
Mar 20243,32380.301.55$5,134
Feb 20243,00776.091.78$5,363
Jan 20243,29673.023.30$10,869
Dec 20233,41971.262.61$8,926
Nov 20233,40977.892.81$9,571
Oct 20233,47685.443.09$10,731
Sep 20233,35389.042.74$9,171
Aug 20233,47480.522.67$9,286
Jul 20233,53874.852.64$9,347
Jun 20233,34268.962.26$7,548
May 20233,39170.622.23$7,553
Apr 20233,32678.122.24$7,443
Mar 20233,33872.852.39$7,988
Feb 20233,04675.112.47$7,510
Jan 20233,47976.533.39$11,786
Dec 20223,46176.415.73$19,828
Nov 20223,38185.005.65$19,090
Oct 20223,44187.185.86$20,177
Sep 20223,41084.888.16$27,838
Aug 20223,71294.529.13$33,880
Jul 20223,891101.587.54$29,346
Jun 20223,880115.097.98$30,952
May 20224,272109.378.43$36,026
Apr 20224,343104.226.84$29,696
Mar 20224,472108.885.08$22,702
Feb 20224,03591.054.86$19,605
Jan 20224,64081.844.54$21,055
Dec 20214,58371.323.90$17,870
Nov 20214,38477.435.24$22,958
Oct 20214,53879.795.71$25,930
Sep 20214,44969.865.35$23,806
Aug 20214,63566.024.22$19,562
Jul 20214,66370.783.98$18,568
Jun 20214,71969.493.38$15,953
May 20214,15363.483.02$12,532
Apr 20214,43160.362.76$12,223
Mar 20214,74861.302.72$12,900
Feb 20213,94857.805.55$21,903
Jan 20214,74550.412.81$13,335
Dec 20204,73444.642.68$12,666
Nov 20204,38538.772.71$11,868
Oct 20204,77536.972.48$11,835
Sep 20204,83137.091.99$9,619
Aug 20204,83539.982.39$11,532
Jul 20204,71038.371.83$8,596
Jun 20204,71634.901.69$7,972
May 20204,91916.921.81$8,927
Apr 20204,77414.751.80$8,614
Mar 20205,15230.341.86$9,563
Feb 20204,88249.881.98$9,670
Jan 20205,12557.252.09$10,736
Dec 20195,27359.012.30$12,151
Nov 20194,93155.302.75$13,564
Oct 20194,82953.472.42$11,679
Sep 20192,91055.052.66$7,733
Aug 20196,40053.112.30$14,748
Jul 20197,05056.272.46$17,343
Jun 20193,89452.782.49$9,701
May 20194,94758.482.74$13,556
Apr 20194,80362.632.75$13,212
Mar 20195,51456.803.06$16,884
Feb 20194,73450.852.79$13,218
Jan 20195,48446.033.23$17,703
Dec 20185,47046.594.19$22,894
Nov 20186,06352.934.24$25,690
Oct 20181,78161.443.40$6,052
Sep 20186,06959.543.11$18,862
Aug 20186,08659.403.07$18,663
Jul 20186,39865.142.93$18,758
Jun 20186,69660.183.08$20,603
May 20187,09165.382.90$20,570
Apr 20187,04563.842.90$20,436
Mar 20187,36961.222.79$20,536
Feb 20186,75561.782.77$18,685
Jan 20187,81962.874.01$31,349
Dec 20171,45557.272.92$4,251
Nov 20172,94055.423.12$9,168
Oct 20175,35049.292.98$15,963
Sep 20174,76547.523.09$14,711
Aug 20174,91345.373.00$14,761
Jul 20175,20643.873.09$16,072
Jun 20175,22542.493.09$16,131
May 20175,48345.373.26$17,893
Apr 20175,36747.933.21$17,237
Mar 20175,60446.772.98$16,721
Feb 20174,93850.452.95$14,580
Jan 20175,49949.413.42$18,800
Dec 20165,79348.763.72$21,566
Nov 20165,58542.492.64$14,769
Oct 20165,88546.193.09$18,186
Sep 20165,44441.553.10$16,880
Aug 20166,42841.442.92$18,798
Jul 20166,65241.622.92$19,453
Jun 20166,09345.352.69$16,365
May 20166,14442.521.99$12,233
Apr 20166,14136.561.99$12,227
Mar 20166,29233.011.79$11,288
Feb 20165,92026.472.06$12,217
Jan 20166,78227.352.36$16,035
Dec 20153,66032.362.00$7,325
Nov 20151,77038.792.17$3,836
Oct 20153,80943.552.43$9,243
Sep 20155,29742.992.76$14,611
Aug 20155,65340.162.87$16,238
Jul 20155,35148.152.95$15,759
Jun 20155,53356.152.88$15,951
May 20154,97655.212.96$14,706
Apr 20154,58749.822.71$12,415
Mar 20154,13542.892.93$12,135
Feb 20154,81844.662.98$14,339
Jan 20155,33943.433.10$16,554
Dec 20144,15454.693.59$14,919
Nov 20144,07170.464.25$17,309
Oct 20145,69078.303.90$22,196
Sep 20145,69386.164.05$23,031
Aug 20146,05589.394.04$24,433
Jul 20146,21096.564.18$25,955
Jun 20146,20598.164.74$29,392
May 20146,32694.734.73$29,900
Apr 20145,76995.944.81$27,744
Mar 20143,56395.895.06$18,017
Feb 20141,59297.406.19$9,858
Jan 20146,20390.404.86$30,151
Dec 20135,98691.824.35$26,066
Nov 20136,65988.853.74$24,893
Oct 20136,35497.423.78$24,014
Sep 20135,929104.113.72$22,042
Aug 20135,842104.253.52$20,579
Jul 20135,839102.523.72$21,708
Jun 20137,13194.403.93$28,049
May 20137,56294.834.15$31,375
Apr 20137,19993.964.28$30,830
Mar 20137,96793.623.91$31,174
Feb 20137,51091.233.42$25,684
Jan 20138,51491.603.42$29,117
Dec 20128,47986.773.42$29,000
Nov 20127,76886.953.62$28,159
Oct 20127,94489.383.40$27,007
Sep 20126,33794.672.92$18,494
Aug 20125,94492.662.91$17,286
Jul 20127,10885.133.02$21,472
Jun 20126,37679.822.52$16,061
May 20126,28991.612.49$15,649
Apr 20126,341101.652.00$12,662
Mar 20126,089105.052.22$13,530
Feb 20126,256101.102.57$16,079
Jan 20127,18098.092.73$19,631
Dec 20116,02696.873.24$19,523
Nov 20114,52395.723.31$14,977
Oct 20115,72484.983.65$20,884
Sep 20112,76983.623.99$11,037
Aug 20115,66383.404.15$23,498
Jul 20115,39794.144.52$24,380
Jun 20115,99492.904.64$27,811
May 20117,61698.134.40$33,547
Apr 20119,086105.964.33$39,372
Mar 20118,19796.364.06$33,258
Feb 20117,35185.644.18$30,727
Jan 20118,34886.504.59$38,307
Dec 20107,84185.734.35$34,091
Nov 20107,57980.843.80$28,765
Oct 20108,10578.103.51$28,440
Sep 20107,44872.633.98$29,639
Aug 20108,20673.684.42$36,265
Jul 20108,55572.554.74$40,521
Jun 20109,27870.364.91$45,559
May 20108,62171.124.24$36,512
Apr 20109,19181.694.12$37,892
Mar 20108,97778.394.39$39,397
Feb 20108,51673.585.44$46,347
Jan 20108,92274.365.96$53,212
Dec 20098,80771.445.48$48,295
Nov 20096,90974.593.75$25,919
Oct 20098,96072.544.11$36,828
Sep 20096,94565.543.06$21,285
Aug 20098,32367.423.22$26,788
Jul 200910,78761.133.46$37,372
Jun 200913,78666.163.90$53,696
May 200914,68254.743.93$57,638
Apr 200911,40046.773.59$40,898
Mar 200912,33342.144.06$50,060
Feb 200912,52132.814.63$58,010
Jan 200915,35835.865.37$82,488
Dec 200820,53337.105.98$122,729
Nov 200811,12255.496.86$76,301
Oct 200816,55175.246.92$114,566
Sep 200816,307101.767.88$128,452
Aug 200816,685114.228.48$141,539
Jul 200815,394131.0811.39$175,329
Jun 200819,618131.3313.03$255,674
May 200821,585123.1711.57$249,831
Apr 200819,370110.3110.45$202,511
Mar 200822,396101.909.66$216,437
Feb 200822,05692.538.77$193,444
Jan 200823,83990.388.21$195,616
Dec 200723,70288.337.30$173,071
Nov 200720,74891.677.29$151,288
Oct 200727,94982.856.92$193,462
Sep 200728,87075.846.24$180,269
Aug 200731,58269.066.39$201,744
Jul 200734,07070.906.39$217,637
Jun 200731,30062.007.55$236,266
May 200728,77458.747.85$225,769
Apr 200727,84359.617.81$217,320
Mar 200734,70656.927.30$253,422
Feb 200734,57555.108.22$284,068
Jan 200741,10350.306.73$276,494
Dec 200646,49156.656.92$321,645
Nov 200651,43554.207.62$391,805
Oct 200658,39354.906.01$351,164
Sep 200671,12460.085.04$358,266
Aug 200639,95168.717.34$293,237

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                  669 Mcf  × $  3.05 =     $2,038

────────────────────────────────────────────────────
Month total                                   $2,038

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/228302 is the state's own key, not one this site invented.