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 ) in the WHEELER,N. (GRANITE WASH) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 114272District 10Field 00000000NGPA filingCondensateGasSave Export

Value, all time

$159 k

Jan 1993 – Aug 2014

Value, last 12 filed months

at the published price for each month

Months reported

260

no gaps in the span

Streams

condensate, gas

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	3,430 bbl	$122,309
Gas	Production	10,547 Mcf	$36,741
Total			$159,049

3,071 Mcf of this lease's gas, across 38 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 35.5007, -100.1806. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.50065, -100.18059 · 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

100.0%

1 of 1 wells

Median depth

23,200 ft

1 wells filed one

Completion to plug

29.8 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

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 23,200 ft.

Completions filed

Aug 1984

1 of 1 wells

Plug dates filed

May 2014

1 of 1 wells

Last completion to plug: a median of 29.8 years across the 1 well that filed both dates, with the middle half between 29.8 years and 29.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-48330085	3101	23,200 ft	Aug 1984	May 2014	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 (260)

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

260 months


Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	81	0	91.61	2.49	$7,420
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	193	105.05	2.22	$429
Feb 2012	0	822	101.10	2.57	$2,113
Jan 2012	0	52	98.09	2.73	$142
Dec 2011	0	592	96.87	3.24	$1,918
Nov 2011	0	277	95.72	3.31	$917
Oct 2011	0	3	84.98	3.65	$11
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	190	37	96.36	4.06	$18,459
Feb 2011	0	6	85.64	4.18	$25
Jan 2011	0	3	86.50	4.59	$14
Dec 2010	0	20	85.73	4.35	$87
Nov 2010	0	4	80.84	3.80	$15
Oct 2010	0	107	78.10	3.51	$375
Sep 2010	0	8	72.63	3.98	$32
Aug 2010	0	6	73.68	4.42	$27
Jul 2010	0	4	72.55	4.74	$19
Jun 2010	0	5	70.36	4.91	$25
May 2010	0	9	71.12	4.24	$38
Apr 2010	0	10	81.69	4.12	$41
Mar 2010	0	10	78.39	4.39	$44
Feb 2010	0	15	73.58	5.44	$82
Jan 2010	0	12	74.36	5.96	$72
Dec 2009	0	14	71.44	5.48	$77
Nov 2009	0	9	74.59	3.75	$34
Oct 2009	0	10	72.54	4.11	$41
Sep 2009	0	9	65.54	3.06	$28
Aug 2009	0	10	67.42	3.22	$32
Jul 2009	0	10	61.13	3.46	$35
Jun 2009	0	18	66.16	3.90	$70
May 2009	0	9	54.74	3.93	$35
Apr 2009	0	43	46.77	3.59	$154
Mar 2009	0	3	42.14	4.06	$12
Feb 2009	0	28	32.81	4.63	$130
Jan 2009	0	79	35.86	5.37	$424
Dec 2008	0	3	37.10	5.98	$18
Nov 2008	0	84	55.49	6.86	$576
Oct 2008	0	9	75.24	6.92	$62
Sep 2008	0	131	101.76	7.88	$1,032
Aug 2008	0	42	114.22	8.48	$356
Jul 2008	0	11	131.08	11.39	$125
Jun 2008	0	79	131.33	13.03	$1,030
May 2008	0	23	123.17	11.57	$266
Apr 2008	0	18	110.31	10.45	$188
Mar 2008	0	46	101.90	9.66	$445
Feb 2008	0	32	92.53	8.77	$281
Jan 2008	0	37	90.38	8.21	$304
Dec 2007	0	41	88.33	7.30	$299
Nov 2007	0	26	91.67	7.29	$190
Oct 2007	174	24	82.85	6.92	$14,582
Sep 2007	0	39	75.84	6.24	$244
Aug 2007	0	37	69.06	6.39	$236
Jul 2007	0	42	70.90	6.39	$268
Jun 2007	0	6	62.00	7.55	$45
May 2007	0	96	58.74	7.85	$753
Apr 2007	0	43	59.61	7.81	$336
Mar 2007	0	65	56.92	7.30	$475
Feb 2007	0	9	55.10	8.22	$74
Jan 2007	0	126	50.30	6.73	$848
Dec 2006	0	32	56.65	6.92	$221
Nov 2006	0	22	54.20	7.62	$168
Oct 2006	177	50	54.90	6.01	$10,018
Sep 2006	0	13	60.08	5.04	$65
Aug 2006	0	22	68.71	7.34	$161
Jul 2006	0	15	69.37	6.34	$95
Jun 2006	0	18	66.28	6.38	$115
May 2006	0	31	66.01	6.42	$199
Apr 2006	0	36	64.39	7.36	$265
Mar 2006	0	84	56.70	7.08	$595
Feb 2006	0	48	57.59	7.75	$372
Jan 2006	0	22	60.59	8.93	$197
Dec 2005	0	38	54.94	13.42	$510
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	28	58.34	13.80	$386
Sep 2005	161	86	61.45	12.08	$10,932
Aug 2005	0	75	61.51	9.80	$735
Jul 2005	0	26	55.69	7.84	$204
Jun 2005	0	36	52.33	7.38	$266
May 2005	0	52	45.22	6.65	$346
Apr 2005	142	34	49.20	7.36	$7,237
Mar 2005	0	43	50.37	7.15	$308
Feb 2005	0	32	45.22	6.31	$202
Jan 2005	0	50	43.16	6.32	$316
Dec 2004	271	85	39.86	6.75	$11,376
Nov 2004	0	43	45.28	6.33	$272
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	42	42.37	5.55	$233
Jul 2004	0	70	38.28	6.08	$426
Jun 2004	0	48	36.10	6.43	$309
May 2004	0	57	37.48	6.49	$370
Apr 2004	0	37	34.47	5.86	$217
Mar 2004	0	63	34.36	5.53	$348
Feb 2004	0	34	32.45	5.51	$187
Jan 2004	187	64	32.03	6.30	$6,393
Dec 2003	0	62	30.26	6.30	$391
Nov 2003	0	44	28.80	4.60	$202
Oct 2003	0	124	28.17	4.76	$590
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	190	4	29.41	5.17	$5,609
Jun 2003	0	104	28.56	5.98	$622
May 2003	0	49	26.59	5.97	$293
Apr 2003	0	72	26.67	5.41	$389
Mar 2003	0	120	31.14	6.10	$732
Feb 2003	0	2	33.48	7.93	$16
Jan 2003	0	31	30.31	5.58	$173
Dec 2002	0	6	26.91	4.85	$29
Nov 2002	0	60	24.66	4.14	$248
Oct 2002	0	82	26.46	4.23	$347
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	195	182	24.58	3.06	$5,350
Jun 2002	0	0	23.73	3.34	$0
May 2002	0	118	24.66	3.58	$423
Apr 2002	0	0	23.65	3.51	$0
Mar 2002	0	91	22.00	3.10	$282
Feb 2002	0	108	18.22	2.38	$257
Jan 2002	203	142	17.17	2.38	$3,823
Dec 2001	0	109	16.93	2.36	$258
Nov 2001	0	32	18.07	2.41	$77
Oct 2001	0	153	19.78	2.53	$387
Sep 2001	0	0	24.26	2.25	$0
Aug 2001	0	0	24.87	3.05	$0
Jul 2001	0	0	23.93	3.20	$0
Jun 2001	0	0	24.56	3.82	$0
May 2001	0	0	25.52	4.31	$0
Apr 2001	0	0	24.68	5.34	$0
Mar 2001	0	0	24.54	5.38	$0
Feb 2001	0	0	27.75	5.77	$0
Jan 2001	0	0	27.47	8.40	$0
Dec 2000	0	36	26.88	9.12	$328
Nov 2000	0	135	32.21	5.66	$764
Oct 2000	0	0	31.23	5.15	$0
Sep 2000	0	0	31.87	5.19	$0
Aug 2000	0	10	29.64	4.54	$45
Jul 2000	0	24	28.53	4.09	$98
Jun 2000	0	12	29.30	4.40	$53
May 2000	0	29	27.26	3.68	$107
Apr 2000	170	9	24.51	3.12	$4,195
Mar 2000	0	0	28.42	2.86	$0
Feb 2000	0	40	27.62	2.73	$109
Jan 2000	0	0	25.27	2.48	$0
Dec 1999	0	0	24.28	2.42	$0
Nov 1999	0	0	23.19	2.43	$0
Oct 1999	0	0	20.98	2.80	$0
Sep 1999	0	0	21.75	2.62	$0
Aug 1999	0	0	19.26	2.88	$0
Jul 1999	0	0	17.89	2.37	$0
Jun 1999	0	0	15.94	2.36	$0
May 1999	0	0	15.79	2.32	$0
Apr 1999	0	0	15.10	2.21	$0
Mar 1999	0	0	12.47	1.84	$0
Feb 1999	0	0	9.98	1.82	$0
Jan 1999	213	0	10.38	1.90	$2,211
Dec 1998	0	0	9.20	1.77	$0
Nov 1998	0	14	10.89	2.19	$31
Oct 1998	0	0	12.42	1.97	$0
Sep 1998	0	0	12.59	2.08	$0
Aug 1998	0	0	11.30	1.91	$0
Jul 1998	0	0	11.74	2.24	$0
Jun 1998	0	0	11.24	2.24	$0
May 1998	0	0	12.62	2.21	$0
Apr 1998	0	0	13.04	2.51	$0
Mar 1998	0	0	12.80	2.31	$0
Feb 1998	0	0	13.95	2.30	$0
Jan 1998	0	0	14.70	2.15	$0
Dec 1997	0	0	16.32	2.41	$0
Nov 1997	0	0	18.19	3.09	$0
Oct 1997	0	0	19.25	3.15	$0
Sep 1997	188	0	17.74	2.95	$3,335
Aug 1997	0	0	17.86	2.55	$0
Jul 1997	0	38	17.58	2.25	$85
Jun 1997	0	38	17.24	2.26	$86
May 1997	0	18	18.97	2.31	$42
Apr 1997	0	0	17.88	2.08	$0
Mar 1997	196	17	18.95	1.94	$3,747
Feb 1997	0	75	20.49	2.21	$165
Jan 1997	0	344	23.48	3.54	$1,218
Dec 1996	0	213	23.32	—	$0
Nov 1996	0	35	21.97	—	$0
Oct 1996	0	82	23.31	—	$0
Sep 1996	0	63	22.22	—	$0
Aug 1996	0	89	20.26	—	$0
Jul 1996	0	31	19.55	—	$0
Jun 1996	0	0	18.73	—	$0
May 1996	0	152	19.43	—	$0
Apr 1996	0	216	21.51	—	$0
Mar 1996	192	192	19.38	—	$3,721
Feb 1996	0	0	16.98	—	$0
Jan 1996	0	139	17.07	—	$0
Dec 1995	0	167	17.19	—	$0
Nov 1995	0	124	16.00	—	$0
Oct 1995	0	121	15.43	—	$0
Sep 1995	0	83	16.18	—	$0
Aug 1995	0	11	15.92	—	$0
Jul 1995	0	89	15.24	—	$0
Jun 1995	0	41	16.41	—	$0
May 1995	0	38	17.56	—	$0
Apr 1995	0	77	17.73	—	$0
Mar 1995	0	176	16.44	—	$0
Feb 1995	0	115	16.58	—	$0
Jan 1995	0	29	15.92	—	$0
Dec 1994	0	35	15.03	—	$0
Nov 1994	161	25	15.90	—	$2,560
Oct 1994	0	32	15.58	—	$0
Sep 1994	0	39	15.29	—	$0
Aug 1994	0	23	16.13	—	$0
Jul 1994	0	31	17.56	—	$0
Jun 1994	0	64	17.09	—	$0
May 1994	0	67	15.88	—	$0
Apr 1994	0	104	14.14	—	$0
Mar 1994	0	27	12.46	—	$0
Feb 1994	153	89	12.50	—	$1,913
Jan 1994	0	38	12.66	—	$0
Dec 1993	0	88	12.33	—	$0
Nov 1993	0	0	14.49	—	$0
Oct 1993	0	15	15.85	—	$0
Sep 1993	0	100	15.03	—	$0
Aug 1993	0	0	15.66	—	$0
Jul 1993	0	0	15.46	—	$0
Jun 1993	0	0	16.79	—	$0
May 1993	186	0	17.68	—	$3,288
Apr 1993	0	0	18.05	—	$0
Mar 1993	0	0	18.14	—	$0
Feb 1993	0	0	17.90	—	$0
Jan 1993	0	11	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 2012 — as filed, then multipliedworked

Condensate            81 bbl  × $ 91.61 =     $7,420
Gas                    0 Mcf  × $  2.49 =         $0

────────────────────────────────────────────────────
Month total                                   $7,420

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/114272 is the state's own key, not one this site invented.