REED

Operated by LINN OPERATING, INC. (P-5 501545) in the ALLISON-BRITT (12350) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 127626District 10Field 01812500CondensateGasSaveExport
Value, all time
$639 k
Jan 1993 – Jan 2014
Value, last 12 filed months
$0
at the published price for each month
Months reported
253
no gaps in the span
Streams
2
condensate, 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 112 leases and 112 wells, and the rule below applies to all of them.

Discovered
1979-10-16
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2013-02-12.

The Commission's schedule remark for this field reads: SUSPENDED.

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
CondensateDisposition3,794 bbl$79,486
GasProduction312,001 Mcf$559,129
Total$638,615

123,969 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 35.5488, -100.0373. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.54880, -100.03727 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
12,896 ft
1 wells filed one
Completion to plug
25.7 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 12,896 ft.

Completions filed
May 1988
1 of 1 wells
Plug dates filed
Jan 2014
1 of 1 wells

Last completion to plug: a median of 25.7 years across the 1 well that filed both dates, with the middle half between 25.7 years and 25.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-48331356212,896 ftMay 1988Jan 2014Yes

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 (253)

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

253 months

Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 20122070101.652.00$21,042
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 200406537.486.49$422
Apr 20040034.475.86$0
Mar 200403334.365.53$182
Feb 20040032.455.51$0
Jan 200403432.036.30$214
Dec 20038733330.266.30$4,731
Nov 2003042528.804.60$1,953
Oct 2003052028.174.76$2,475
Sep 2003062026.314.75$2,945
Aug 2003059929.765.13$3,073
Jul 2003036529.415.17$1,887
Jun 2003053228.565.98$3,183
May 2003055226.595.97$3,297
Apr 2003057726.675.41$3,120
Mar 2003057331.146.10$3,493
Feb 2003050033.487.93$3,963
Jan 2003033330.315.58$1,859
Dec 2002021826.914.85$1,058
Nov 20021892924.664.14$4,781
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 2002076823.733.34$2,564
May 200202,32224.663.58$8,322
Apr 200202,42923.653.51$8,531
Mar 200202,07522.003.10$6,438
Feb 200201,76018.222.38$4,181
Jan 200202,26417.172.38$5,379
Dec 200102,30416.932.36$5,448
Nov 200102,31018.072.41$5,557
Oct 200101,95719.782.53$4,949
Sep 200101,11024.262.25$2,499
Aug 200101,11024.873.05$3,389
Jul 200101,51323.933.20$4,837
Jun 200142,07924.563.82$8,049
May 200101,71225.524.31$7,374
Apr 200101,19224.685.34$6,360
Mar 200101,10424.545.38$5,936
Feb 200101,03827.755.77$5,986
Jan 200102,59827.478.40$21,820
Dec 200001,74826.889.12$15,946
Nov 200002,85532.215.66$16,154
Oct 200003,43931.235.15$17,695
Sep 200003,62731.875.19$18,811
Aug 200003,74529.644.54$17,005
Jul 200002,96828.534.09$12,138
Jun 200004,04729.304.40$17,796
May 200001,91927.263.68$7,061
Apr 2000266824.513.12$2,131
Mar 200021,18528.422.86$3,446
Feb 200001,26227.622.73$3,441
Jan 200001,79825.272.48$4,460
Dec 199903,67924.282.42$8,917
Nov 19991923,42023.192.43$12,777
Oct 199903,51620.982.80$9,858
Sep 199903,78121.752.62$9,902
Aug 199903,61119.262.88$10,384
Jul 199923,26017.892.37$7,770
Jun 199904,05015.942.36$9,567
May 199925,50815.792.32$12,816
Apr 19991904,55815.102.21$12,933
Mar 199905,42612.471.84$9,975
Feb 199904,9249.981.82$8,951
Jan 199905,12710.381.90$9,741
Dec 19981985,1959.201.77$11,034
Nov 199805,66310.892.19$12,378
Oct 199825,90512.421.97$11,653
Sep 199805,81012.592.08$12,100
Aug 19981996,09411.301.91$13,872
Jul 199806,24911.742.24$13,981
Jun 199835,52611.242.24$12,397
May 19981866,26012.622.21$16,159
Apr 199804,47913.042.51$11,221
Mar 199801,46312.802.31$3,379
Feb 199803,00113.952.30$6,900
Jan 19982024,64914.702.15$12,987
Dec 199704,47816.322.41$10,797
Nov 199782,83718.193.09$8,907
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19973017.862.55$54
Jul 19970017.582.25$0
Jun 19970217.242.26$5
May 1997225218.972.31$620
Apr 1997276417.882.08$1,627
Mar 1997223018.951.94$484
Feb 1997045420.492.21$1,001
Jan 1997264723.483.54$2,337
Dec 1996054923.32$0
Nov 199601,31021.97$0
Oct 199601,66823.31$0
Sep 199601,52322.22$0
Aug 199621,82620.26$41
Jul 19961961,78319.55$3,832
Jun 199621,80418.73$37
May 199601,81619.43$0
Apr 199621,76221.51$43
Mar 199601,74319.38$0
Feb 199601,50316.98$0
Jan 199602,14117.07$0
Dec 199512,15217.19$17
Nov 19952012,41816.00$3,216
Oct 199502,27515.43$0
Sep 199502,52416.18$0
Aug 199502,41315.92$0
Jul 199502,09915.24$0
Jun 19951922,44916.41$3,151
May 199502,40117.56$0
Apr 199502,48117.73$0
Mar 199502,46216.44$0
Feb 199502,09916.58$0
Jan 199502,48715.92$0
Dec 19941902,67515.03$2,856
Nov 199402,71015.90$0
Oct 19941272,79215.58$1,979
Sep 199403,00215.29$0
Aug 19941852,11916.13$2,984
Jul 199402,61617.56$0
Jun 199403,44817.09$0
May 199403,34415.88$0
Apr 199402,75214.14$0
Mar 19941852,52712.46$2,305
Feb 1994682,63112.50$850
Jan 199403,04412.66$0
Dec 199303,32412.33$0
Nov 19931913,48514.49$2,768
Oct 199303,75115.85$0
Sep 199303,46715.03$0
Aug 19931843,64315.66$2,881
Jul 199304,47015.46$0
Jun 199303,97816.79$0
May 19931914,30217.68$3,377
Apr 199302,80218.05$0
Mar 1993078018.14$0
Feb 19931914,15317.90$3,419
Jan 199304,46616.93$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.

Apr 2012 — as filed, then multipliedworked
Condensate           207 bbl  × $101.65 =    $21,042
Gas                    0 Mcf  × $  2.00 =         $0

────────────────────────────────────────────────────
Month total                                  $21,042

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/127626 is the state's own key, not one this site invented.