REED

Name: REED lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by APACHE CORPORATION (P-5 27200) in the KEY (MORROW, UP.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 101054District 10Field 49118200NGPA filingCondensateGasSave Export

Value, all time

$923 k

Jan 1993 – Jun 2006

Value, last 12 filed months

$51 k

at the published price for each month

Months reported

162

no gaps in the span

Streams

condensate, gas

The KEY (MORROW, UP.) field

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 17 leases and 17 wells, and the rule below applies to all of them.

Discovered

1981-07-16

as the register files it

Field class

Gas

the register's own label

Between wells

3,735 ft

minimum

From a lease line

1,867 ft

minimum

A drilling unit in this field needs at least 640 acres. The field rule took effect on 1987-04-27.

The Commission's schedule remark for this field reads: “ALLOCATION FORMULA SUSPENDED EFF. 11/1/93”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

Programme	Filings	With an approval date	Dated	Docket
NGPA	1	none	—	—

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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.

Stream	Basis	Volume	Value
Condensate	Disposition	819 bbl	$19,516
Gas	Production	594,282 Mcf	$903,918
Total			$923,434

312,052 Mcf of this lease's gas, across 48 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 (1)

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 35.5572, -100.0268. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.55723, -100.02680 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

0.0%

0 of 1 wells

Median depth

16,400 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

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.

00.0%

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

The one well that filed a depth was drilled to 16,400 ft.

Completions filed

Jan 2013

1 of 1 wells

1 well


42-48331025	1 A	16,400 ft	Jan 2013	—	Yes

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 (162)

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

162 months


Jun 2006	0	0	66.28	6.38	$0
May 2006	0	164	66.01	6.42	$1,054
Apr 2006	0	190	64.39	7.36	$1,398
Mar 2006	0	322	56.70	7.08	$2,281
Feb 2006	0	154	57.59	7.75	$1,194
Jan 2006	0	1,108	60.59	8.93	$9,898
Dec 2005	0	444	54.94	13.42	$5,956
Nov 2005	0	362	54.69	10.59	$3,833
Oct 2005	0	578	58.34	13.80	$7,974
Sep 2005	0	539	61.45	12.08	$6,511
Aug 2005	0	822	61.51	9.80	$8,053
Jul 2005	0	398	55.69	7.84	$3,122
Jun 2005	0	416	52.33	7.38	$3,071
May 2005	0	546	45.22	6.65	$3,632
Apr 2005	0	611	49.20	7.36	$4,497
Mar 2005	179	564	50.37	7.15	$13,052
Feb 2005	0	523	45.22	6.31	$3,301
Jan 2005	0	609	43.16	6.32	$3,850
Dec 2004	0	595	39.86	6.75	$4,017
Nov 2004	0	572	45.28	6.33	$3,621
Oct 2004	0	637	49.70	6.52	$4,150
Sep 2004	0	725	43.24	5.28	$3,831
Aug 2004	0	736	42.37	5.55	$4,085
Jul 2004	0	705	38.28	6.08	$4,289
Jun 2004	0	622	36.10	6.43	$4,001
May 2004	0	670	37.48	6.49	$4,351
Apr 2004	0	643	34.47	5.86	$3,767
Mar 2004	0	685	34.36	5.53	$3,788
Feb 2004	0	608	32.45	5.51	$3,350
Jan 2004	0	605	32.03	6.30	$3,811
Dec 2003	0	485	30.26	6.30	$3,056
Nov 2003	0	495	28.80	4.60	$2,275
Oct 2003	0	483	28.17	4.76	$2,299
Sep 2003	0	524	26.31	4.75	$2,489
Aug 2003	0	504	29.76	5.13	$2,585
Jul 2003	0	529	29.41	5.17	$2,735
Jun 2003	0	522	28.56	5.98	$3,123
May 2003	0	587	26.59	5.97	$3,506
Apr 2003	0	521	26.67	5.41	$2,817
Mar 2003	0	567	31.14	6.10	$3,456
Feb 2003	0	523	33.48	7.93	$4,145
Jan 2003	0	518	30.31	5.58	$2,892
Dec 2002	0	544	26.91	4.85	$2,640
Nov 2002	0	528	24.66	4.14	$2,184
Oct 2002	0	579	26.46	4.23	$2,449
Sep 2002	0	537	27.44	3.64	$1,952
Aug 2002	0	624	25.96	3.16	$1,974
Jul 2002	0	602	24.58	3.06	$1,843
Jun 2002	0	626	23.73	3.34	$2,090
May 2002	0	636	24.66	3.58	$2,279
Apr 2002	0	629	23.65	3.51	$2,209
Mar 2002	0	643	22.00	3.10	$1,995
Feb 2002	0	569	18.22	2.38	$1,352
Jan 2002	0	910	17.17	2.38	$2,162
Dec 2001	0	772	16.93	2.36	$1,825
Nov 2001	0	698	18.07	2.41	$1,679
Oct 2001	0	754	19.78	2.53	$1,907
Sep 2001	0	925	24.26	2.25	$2,082
Aug 2001	0	1,410	24.87	3.05	$4,305
Jul 2001	0	1,618	23.93	3.20	$5,173
Jun 2001	0	3,057	24.56	3.82	$11,690
May 2001	0	3,965	25.52	4.31	$17,079
Apr 2001	0	3,546	24.68	5.34	$18,919
Mar 2001	0	2,561	24.54	5.38	$13,769
Feb 2001	0	3,206	27.75	5.77	$18,489
Jan 2001	0	3,537	27.47	8.40	$29,706
Dec 2000	0	2,010	26.88	9.12	$18,336
Nov 2000	0	3,750	32.21	5.66	$21,218
Oct 2000	0	3,683	31.23	5.15	$18,951
Sep 2000	0	2,716	31.87	5.19	$14,087
Aug 2000	0	4,284	29.64	4.54	$19,453
Jul 2000	0	2,821	28.53	4.09	$11,537
Jun 2000	22	2,102	29.30	4.40	$9,888
May 2000	0	2,283	27.26	3.68	$8,401
Apr 2000	0	3,910	24.51	3.12	$12,184
Mar 2000	0	4,562	28.42	2.86	$13,046
Feb 2000	0	4,042	27.62	2.73	$11,021
Jan 2000	2	4,566	25.27	2.48	$11,377
Dec 1999	0	4,920	24.28	2.42	$11,925
Nov 1999	0	4,831	23.19	2.43	$11,759
Oct 1999	0	4,967	20.98	2.80	$13,926
Sep 1999	0	5,057	21.75	2.62	$13,244
Aug 1999	0	4,922	19.26	2.88	$14,154
Jul 1999	0	5,363	17.89	2.37	$12,723
Jun 1999	0	4,907	15.94	2.36	$11,591
May 1999	0	4,299	15.79	2.32	$9,978
Apr 1999	0	5,900	15.10	2.21	$13,027
Mar 1999	0	5,722	12.47	1.84	$10,519
Feb 1999	0	5,725	9.98	1.82	$10,407
Jan 1999	0	4,459	10.38	1.90	$8,472
Dec 1998	0	5,472	9.20	1.77	$9,704
Nov 1998	0	6,667	10.89	2.19	$14,572
Oct 1998	0	5,115	12.42	1.97	$10,073
Sep 1998	0	6,035	12.59	2.08	$12,569
Aug 1998	0	6,571	11.30	1.91	$12,533
Jul 1998	0	6,524	11.74	2.24	$14,596
Jun 1998	0	6,115	11.24	2.24	$13,681
May 1998	0	6,101	12.62	2.21	$13,461
Apr 1998	0	6,977	13.04	2.51	$17,480
Mar 1998	0	6,506	12.80	2.31	$15,025
Feb 1998	0	2,459	13.95	2.30	$5,654
Jan 1998	0	1,474	14.70	2.15	$3,176
Dec 1997	188	2,044	16.32	2.41	$7,996
Nov 1997	3	1,598	18.19	3.09	$4,990
Oct 1997	0	2,490	19.25	3.15	$7,843
Sep 1997	0	3,626	17.74	2.95	$10,714
Aug 1997	0	4,315	17.86	2.55	$11,024
Jul 1997	0	7,493	17.58	2.25	$16,836
Jun 1997	0	6,819	17.24	2.26	$15,392
May 1997	0	7,211	18.97	2.31	$16,647
Apr 1997	0	4,239	17.88	2.08	$8,829
Mar 1997	0	6,797	18.95	1.94	$13,180
Feb 1997	2	7,058	20.49	2.21	$15,610
Jan 1997	0	4,836	23.48	3.54	$17,118
Dec 1996	0	2,994	23.32	—	$0
Nov 1996	0	4,913	21.97	—	$0
Oct 1996	0	7,542	23.31	—	$0
Sep 1996	0	6,640	22.22	—	$0
Aug 1996	0	7,158	20.26	—	$0
Jul 1996	0	7,647	19.55	—	$0
Jun 1996	0	7,588	18.73	—	$0
May 1996	0	7,879	19.43	—	$0
Apr 1996	0	7,961	21.51	—	$0
Mar 1996	0	8,172	19.38	—	$0
Feb 1996	0	6,927	16.98	—	$0
Jan 1996	190	3,139	17.07	—	$3,243
Dec 1995	0	974	17.19	—	$0
Nov 1995	10	7,720	16.00	—	$160
Oct 1995	0	8,664	15.43	—	$0
Sep 1995	0	8,678	16.18	—	$0
Aug 1995	0	9,118	15.92	—	$0
Jul 1995	0	9,210	15.24	—	$0
Jun 1995	0	9,119	16.41	—	$0
May 1995	13	9,648	17.56	—	$228
Apr 1995	0	9,480	17.73	—	$0
Mar 1995	0	8,227	16.44	—	$0
Feb 1995	0	9,405	16.58	—	$0
Jan 1995	0	10,238	15.92	—	$0
Dec 1994	0	11,524	15.03	—	$0
Nov 1994	0	11,386	15.90	—	$0
Oct 1994	0	12,142	15.58	—	$0
Sep 1994	43	12,537	15.29	—	$657
Aug 1994	25	13,208	16.13	—	$403
Jul 1994	33	12,810	17.56	—	$579
Jun 1994	0	1,463	17.09	—	$0
May 1994	0	875	15.88	—	$0
Apr 1994	0	2,258	14.14	—	$0
Mar 1994	0	3,422	12.46	—	$0
Feb 1994	107	2,078	12.50	—	$1,338
Jan 1994	0	3,589	12.66	—	$0
Dec 1993	0	3,263	12.33	—	$0
Nov 1993	0	2,152	14.49	—	$0
Oct 1993	2	1,559	15.85	—	$32
Sep 1993	0	3,298	15.03	—	$0
Aug 1993	0	4,831	15.66	—	$0
Jul 1993	0	4,106	15.46	—	$0
Jun 1993	0	2,370	16.79	—	$0
May 1993	0	2,444	17.68	—	$0
Apr 1993	0	2,805	18.05	—	$0
Mar 1993	0	296	18.14	—	$0
Feb 1993	0	7,505	17.90	—	$0
Jan 1993	0	11,090	16.93	—	$0

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 2006 — as filed, then multipliedworked

Condensate             0 bbl  × $ 66.01 =         $0
Gas                  164 Mcf  × $  6.42 =     $1,054

────────────────────────────────────────────────────
Month total                                   $1,054

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. 10/G/101054 is the state's own key, not one this site invented.