REED, E. G.

Operated by PEBA OIL & GAS, INC. (P-5 648640) in the BOWERS field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4368District 09Field 10870001OilCasinghead gasSaveExport
Value, all time
$940 k
Jan 1993 – May 2026
Value, last 12 filed months
$32 k
at the published price for each month
Months reported
401
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 32 leases and 68 wells, and the rule below applies to all of them.

Discovered
1939-07-16
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres.

The Commission's schedule remark for this field reads: 40.00 ACRES UNITS OPTIONAL

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
OilDisposition22,734 bbl$935,842
Casinghead gasProduction8,136 Mcf$4,359
Total$940,201

6,439 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (3)

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 33.7701, -97.5449. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.2 miles.

33.76989, -97.54427 · 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 3 wells
With a plug date
0.0%
0 of 3 wells
Median depth
4,070 ft
3 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.
3100.0%

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 4,044 and 4,178 ft, median 4,070 ft, over the 3 wells that filed a depth.

Completions filed
Jun 1957 – Jun 2010
3 of 3 wells

3 wells

42-3373411464,070 ftJun 2010
42-3370454334,044 ftMar 1968
42-3378151214,178 ftJun 1957

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 (401)

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

401 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 202684089.753.15$7,539
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 2025131056.664.41$7,422
Nov 20250058.593.93$0
Oct 2025129059.383.30$7,660
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 2025135066.743.32$9,010
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 2025109067.704.27$7,379
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 2024135068.993.12$9,314
Nov 20240069.052.20$0
Oct 2024130071.372.28$9,278
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 2024122078.082.63$9,526
May 20240078.812.20$0
Apr 2024131084.451.66$11,063
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 2024129073.023.30$9,420
Dec 20230071.262.61$0
Nov 2023145077.892.81$11,294
Oct 20230085.443.09$0
Sep 2023128089.042.74$11,397
Aug 20230080.522.67$0
Jul 2023121074.852.64$9,057
Jun 20230068.962.26$0
May 2023123070.622.23$8,686
Apr 2023121078.122.24$9,453
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 2023122076.533.39$9,337
Dec 20220076.415.73$0
Nov 2022134085.005.65$11,390
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 2022120094.529.13$11,342
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 20221240109.378.43$13,562
Apr 202200104.226.84$0
Mar 20221230108.885.08$13,392
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 2021127077.435.24$9,834
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 2021125070.783.98$8,848
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 2021129060.362.76$7,786
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 2020114037.091.99$4,228
Aug 20200039.982.39$0
Jul 2020118038.371.83$4,528
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 2020118049.881.98$5,886
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 2019113055.302.75$6,249
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 201966056.272.46$3,714
Jun 20190052.782.49$0
May 201959058.482.74$3,450
Apr 20190062.632.75$0
Mar 201958056.803.06$3,294
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 201860052.934.24$3,176
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 201861059.403.07$3,623
Jul 20180065.142.93$0
Jun 201859060.183.08$3,551
May 20180065.382.90$0
Apr 201860063.842.90$3,830
Mar 201861061.222.79$3,734
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 201755049.292.98$2,711
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 201761042.493.09$2,592
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 201757046.772.98$2,666
Feb 20170050.452.95$0
Jan 201764049.413.42$3,162
Dec 20160048.763.72$0
Nov 201661042.492.64$2,592
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 201658041.442.92$2,404
Jul 20160041.622.92$0
Jun 201660045.352.69$2,721
May 20160042.521.99$0
Apr 201662036.561.99$2,267
Mar 20160033.011.79$0
Feb 201669026.472.06$1,826
Jan 20160027.352.36$0
Dec 201561032.362.00$1,974
Nov 201561038.792.17$2,366
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 201559040.162.87$2,369
Jul 20150048.152.95$0
Jun 201559056.152.88$3,313
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 201560042.892.93$2,573
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 201460054.693.59$3,281
Nov 20140070.464.25$0
Oct 201456078.303.90$4,385
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 201460096.564.18$5,794
Jun 20140098.164.74$0
May 201457094.734.73$5,400
Apr 201458095.944.81$5,565
Mar 201457095.895.06$5,466
Feb 20140097.406.19$0
Jan 201426090.404.86$2,350
Dec 20130091.824.35$0
Nov 201322088.853.74$1,955
Oct 201319097.423.78$1,851
Sep 2013230104.113.72$2,395
Aug 2013240104.253.52$2,502
Jul 201300102.523.72$0
Jun 201325094.403.93$2,360
May 201326094.834.15$2,466
Apr 20130093.964.28$0
Mar 201325093.623.91$2,341
Feb 201326091.233.42$2,372
Jan 201324091.603.42$2,198
Dec 201219086.773.42$1,649
Nov 201250086.953.62$4,348
Oct 20120089.383.40$0
Sep 201225094.672.92$2,367
Aug 201223092.662.91$2,131
Jul 201223085.133.02$1,958
Jun 201249079.822.52$3,911
May 20120091.612.49$0
Apr 2012250101.652.00$2,541
Mar 2012240105.052.22$2,521
Feb 2012230101.102.57$2,325
Jan 201226098.092.73$2,550
Dec 201149096.873.24$4,747
Nov 201124095.723.31$2,297
Oct 201148084.983.65$4,079
Sep 201125083.623.99$2,091
Aug 201149083.404.15$4,087
Jul 201125094.144.52$2,354
Jun 201150092.904.64$4,645
May 201150098.134.40$4,907
Apr 2011250105.964.33$2,649
Mar 201174096.364.06$7,131
Feb 201176085.644.18$6,509
Jan 201125086.504.59$2,163
Dec 201044085.734.35$3,772
Nov 201044080.843.80$3,557
Oct 201039078.103.51$3,046
Sep 201024072.633.98$1,743
Aug 201075073.684.42$5,526
Jul 201050072.554.74$3,628
Jun 201025070.364.91$1,759
May 201050071.124.24$3,556
Apr 201051081.694.12$4,166
Mar 201024078.394.39$1,881
Feb 201049073.585.44$3,605
Jan 201025074.365.96$1,859
Dec 200924071.445.48$1,715
Nov 200950074.593.75$3,730
Oct 200949072.544.11$3,554
Sep 200925065.543.06$1,639
Aug 200948067.423.22$3,236
Jul 200925061.133.46$1,528
Jun 200924066.163.90$1,588
May 200949054.743.93$2,682
Apr 200923046.773.59$1,076
Mar 200921042.144.06$885
Feb 200917032.814.63$558
Jan 20099035.865.37$323
Dec 20089037.105.98$334
Nov 200818055.496.86$999
Oct 200818075.246.92$1,354
Sep 200880101.767.88$814
Aug 200890114.228.48$1,028
Jul 2008170131.0811.39$2,228
Jun 200880131.3313.03$1,051
May 200880123.1711.57$985
Apr 2008640110.3110.45$7,060
Mar 2008700101.909.66$7,133
Feb 200835092.538.77$3,239
Jan 20080090.388.21$0
Dec 200774088.337.30$6,536
Nov 200769091.677.29$6,325
Oct 200735082.856.92$2,900
Sep 200754075.846.24$4,095
Aug 200760069.066.39$4,144
Jul 200768070.906.39$4,821
Jun 200768062.007.55$4,216
May 200761058.747.85$3,583
Apr 200770059.617.81$4,173
Mar 200768056.927.30$3,871
Feb 200734055.108.22$1,873
Jan 200769050.306.73$3,471
Dec 200668056.656.92$3,852
Nov 2006102054.207.62$5,528
Oct 200668054.906.01$3,733
Sep 200664060.085.04$3,845
Aug 200668068.717.34$4,672
Jul 200635069.376.34$2,428
Jun 200668066.286.38$4,507
May 200695066.016.42$6,271
Apr 200669064.397.36$4,443
Mar 200636056.707.08$2,041
Feb 200668057.597.75$3,916
Jan 200668060.598.93$4,120
Dec 200592054.9413.42$5,054
Nov 200568054.6910.59$3,719
Oct 2005101058.3413.80$5,892
Sep 200569061.4512.08$4,240
Aug 200570061.519.80$4,306
Jul 200569055.697.84$3,843
Jun 200568052.337.38$3,558
May 200570045.226.65$3,165
Apr 200570049.207.36$3,444
Mar 200570050.377.15$3,526
Feb 200570045.226.31$3,165
Jan 200570043.166.32$3,021
Dec 200467139.866.75$2,677
Nov 200469145.286.33$3,131
Oct 200470149.706.52$3,486
Sep 200468143.245.28$2,946
Aug 200470142.375.55$2,971
Jul 2004101138.286.08$3,872
Jun 200465136.106.43$2,353
May 200468137.486.49$2,555
Apr 2004102134.475.86$3,522
Mar 200433134.365.53$1,139
Feb 200434132.455.51$1,109
Jan 200469132.036.30$2,216
Dec 2003102130.266.30$3,093
Nov 200366128.804.60$1,905
Oct 200333128.174.76$934
Sep 200367126.314.75$1,768
Aug 2003122129.765.13$3,636
Jul 2003138129.415.17$4,064
Jun 200370128.565.98$2,005
May 20030126.595.97$6
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 2001114024.873.05$2,835
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 2001120025.524.31$3,062
Apr 2001117024.685.34$2,888
Mar 2001118024.545.38$2,896
Feb 20010027.755.77$0
Jan 2001119027.478.40$3,269
Dec 2000216026.889.12$5,806
Nov 2000117032.215.66$3,769
Oct 2000121031.235.15$3,779
Sep 2000116031.875.19$3,697
Aug 20000029.644.54$0
Jul 2000114028.534.09$3,252
Jun 2000113029.304.40$3,311
May 2000110027.263.68$2,999
Apr 2000109024.513.12$2,672
Mar 2000113028.422.86$3,211
Feb 2000114027.622.73$3,149
Jan 2000123025.272.48$3,108
Dec 1999115024.282.42$2,792
Nov 1999111023.192.43$2,574
Oct 1999120020.982.80$2,518
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 19998309.981.82$828
Jan 19990010.381.90$0
Dec 199812809.201.77$1,178
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 1998114012.592.08$1,435
Aug 19980011.301.91$0
Jul 1998113011.742.24$1,327
Jun 19980011.242.24$0
May 1998118012.622.21$1,489
Apr 19980013.042.51$0
Mar 1998113012.802.31$1,446
Feb 19980013.952.30$0
Jan 199811412814.702.15$1,952
Dec 19978212816.322.41$1,647
Nov 19978212818.193.09$1,887
Oct 199720312819.253.15$4,311
Sep 199711812917.742.95$2,475
Aug 199711312917.862.55$2,348
Jul 199711912817.582.25$2,380
Jun 199710712917.242.26$2,136
May 199723113018.972.31$4,682
Apr 19975913017.882.08$1,326
Mar 199712212918.951.94$2,562
Feb 199711913020.492.21$2,725
Jan 199711213123.483.54$3,093
Dec 199611813123.32$2,752
Nov 199623213021.97$5,097
Oct 1996116023.31$2,704
Sep 199611613122.22$2,578
Aug 199611313020.26$2,289
Jul 199611313019.55$2,209
Jun 199611213518.73$2,098
May 199610713519.43$2,079
Apr 199611413521.51$2,452
Mar 199602319.38$0
Feb 199602316.98$0
Jan 199610913017.07$1,861
Dec 199519113217.19$3,283
Nov 199518213316.00$2,912
Oct 199519913515.43$3,071
Sep 199511013516.18$1,780
Aug 199511513515.92$1,831
Jul 19955613315.24$853
Jun 199515113816.41$2,478
May 199516513817.56$2,897
Apr 199515713917.73$2,784
Mar 199511513916.44$1,891
Feb 199514914016.58$2,470
Jan 199511413815.92$1,815
Dec 19949813715.03$1,473
Nov 199413313815.90$2,115
Oct 199415214015.58$2,368
Sep 199414114215.29$2,156
Aug 199418113916.13$2,920
Jul 199421914017.56$3,846
Jun 199411613817.09$1,982
May 199422114615.88$3,509
Apr 199411114514.14$1,570
Mar 199422513812.46$2,804
Feb 199411213812.50$1,400
Jan 199411414912.66$1,443
Dec 199319215312.33$2,367
Nov 199318715414.49$2,710
Oct 199321715515.85$3,439
Sep 199311815715.03$1,774
Aug 199328015715.66$4,385
Jul 199311216015.46$1,732
Jun 199322015816.79$3,694
May 199311415717.68$2,016
Apr 199322316018.05$4,025
Mar 199333115918.14$6,004
Feb 199311415617.90$2,041
Jan 199326515516.93$4,486

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                   84 bbl  × $ 89.75 =     $7,539
Casinghead gas         0 Mcf  × $  3.15 =         $0

────────────────────────────────────────────────────
Month total                                   $7,539

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/O/4368 is the state's own key, not one this site invented.