REED

Operated by LATIGO PETROLEUM, LLC (P-5 488260) in the PAN PETRO (CLEVELAND) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 159585District 10Field 687351202 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.9 M
Jul 1996 – May 2026
Value, last 12 filed months
$29 k
at the published price for each month
Months reported
359
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 965 leases and 1,339 wells, and the rule below applies to all of them.

Discovered
1974-03-21
as the register files it
Field class
Oil and gas
the register's own label
Between wells
933 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2011-04-18.

The Commission's schedule remark for this field reads: PRORATION ACRES PLATS ARE REQUIRED.

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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111996-10-08135483
NGPA1none

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.

StreamBasisVolumeValue
CondensateDisposition412 bbl$11,790
GasProduction1,338,035 Mcf$4,917,440
Total$4,929,230

113,276 Mcf of this lease's gas, across 6 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 36.0735, -101.0513. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.07345, -101.05132 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
6,900 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
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.
1100.0%

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 6,900 ft.

Completions filed
Jul 1996
1 of 1 wells

1 well

42-3573212636,900 ftJul 1996

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 (359)

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

359 months

May 20260726106.413.05$2,211
Apr 2026070498.932.87$2,020
Mar 2026072889.753.15$2,293
Feb 2026065963.503.75$2,471
Jan 2026067459.138.00$5,391
Dec 2025072756.664.41$3,209
Nov 2025068658.593.93$2,694
Oct 2025075859.383.30$2,505
Sep 2025070262.743.08$2,160
Aug 2025071263.933.01$2,147
Jul 2025047166.743.32$1,561
Jun 202504766.483.13$147
May 2025028060.553.23$905
Apr 2025044962.363.54$1,591
Mar 2025048467.704.27$2,066
Feb 2025047770.884.34$2,071
Jan 2025043774.324.28$1,870
Dec 2024063268.993.12$1,973
Nov 20240069.052.20$0
Oct 2024056071.372.28$1,278
Sep 2024010169.612.36$239
Aug 2024038375.632.06$790
Jul 2024090079.932.15$1,932
Jun 2024089878.082.63$2,365
May 2024094878.812.20$2,084
Apr 2024092884.451.66$1,540
Mar 2024092680.301.55$1,431
Feb 2024084676.091.78$1,509
Jan 20240073.023.30$0
Dec 2023098671.262.61$2,574
Nov 2023072277.892.81$2,027
Oct 2023079485.443.09$2,451
Sep 2023059889.042.74$1,636
Aug 202301,20180.522.67$3,210
Jul 202301,50974.852.64$3,986
Jun 202301,59168.962.26$3,593
May 202301,74270.622.23$3,880
Apr 202301,91278.122.24$4,279
Mar 202302,39772.852.39$5,736
Feb 2023073075.112.47$1,800
Jan 2023091776.533.39$3,107
Dec 2022096576.415.73$5,529
Nov 2022094885.005.65$5,353
Oct 202201,02287.185.86$5,993
Sep 2022096084.888.16$7,837
Aug 2022099794.529.13$9,100
Jul 202201,008101.587.54$7,602
Jun 20220950115.097.98$7,578
May 202201,014109.378.43$8,551
Apr 202201,094104.226.84$7,480
Mar 202201,028108.885.08$5,219
Feb 2022083491.054.86$4,052
Jan 2022099081.844.54$4,492
Dec 202101,05471.323.90$4,110
Nov 202101,03777.435.24$5,431
Oct 202101,08379.795.71$6,188
Sep 202101,05069.865.35$5,618
Aug 202101,08666.024.22$4,584
Jul 202101,08370.783.98$4,313
Jun 202101,11469.493.38$3,766
May 202101,18063.483.02$3,561
Apr 202101,26560.362.76$3,489
Mar 202101,18661.302.72$3,222
Feb 2021097657.805.55$5,415
Jan 202101,27550.412.81$3,583
Dec 202001,03244.642.68$2,761
Nov 202001,12638.772.71$3,048
Oct 202001,12636.972.48$2,791
Sep 202001,08337.091.99$2,156
Aug 202001,11639.982.39$2,662
Jul 202001,11438.371.83$2,033
Jun 202001,10534.901.69$1,868
May 202001,20016.921.81$2,178
Apr 202001,56514.751.80$2,824
Mar 202001,35030.341.86$2,506
Feb 202001,33249.881.98$2,638
Jan 202001,39857.252.09$2,928
Dec 201901,39559.012.30$3,215
Nov 201901,38755.302.75$3,815
Oct 201901,28753.472.42$3,113
Sep 201901,12155.052.66$2,979
Aug 201901,23853.112.30$2,853
Jul 201901,34456.272.46$3,306
Jun 201901,31652.782.49$3,278
May 201901,35358.482.74$3,708
Apr 201901,31062.632.75$3,603
Mar 201901,33056.803.06$4,073
Feb 201901,16750.852.79$3,259
Jan 201901,23546.033.23$3,987
Dec 201801,13646.594.19$4,755
Nov 201801,01352.934.24$4,292
Oct 201801,32161.443.40$4,489
Sep 201801,45859.543.11$4,531
Aug 201801,91959.403.07$5,885
Jul 201801,41165.142.93$4,137
Jun 201801,54460.183.08$4,751
May 201802,03665.382.90$5,906
Apr 201801,62663.842.90$4,717
Mar 201801,91061.222.79$5,323
Feb 201801,11861.782.77$3,093
Jan 20181866162.874.01$3,782
Dec 201701,65157.272.92$4,823
Nov 201701,59355.423.12$4,968
Oct 201701,76349.292.98$5,260
Sep 201702,01347.523.09$6,215
Aug 201701,80145.373.00$5,411
Jul 201702,09143.873.09$6,456
Jun 201702,26042.493.09$6,977
May 201701,74745.373.26$5,701
Apr 201702,37447.933.21$7,624
Mar 201702,01046.772.98$5,997
Feb 201702,08450.452.95$6,153
Jan 201702,15349.413.42$7,361
Dec 201602,18148.763.72$8,119
Nov 201632,27342.492.64$6,138
Oct 201602,23446.193.09$6,904
Sep 201601,85141.553.10$5,739
Aug 201602,05641.442.92$6,012
Jul 201602,23441.622.92$6,533
Jun 201601,92645.352.69$5,173
May 201602,11042.521.99$4,201
Apr 201602,18236.561.99$4,344
Mar 201602,27533.011.79$4,081
Feb 201601,21226.472.06$2,501
Jan 201601,70827.352.36$4,038
Dec 201501,99832.362.00$3,999
Nov 201502,11238.792.17$4,577
Oct 201502,23443.552.43$5,421
Sep 201502,28642.992.76$6,306
Aug 201502,58740.162.87$7,431
Jul 201501,45548.152.95$4,285
Jun 201501,31356.152.88$3,785
May 201501,35255.212.96$3,996
Apr 201501,89649.822.71$5,132
Mar 201502,35542.892.93$6,911
Feb 201501,96744.662.98$5,854
Jan 201502,27543.433.10$7,054
Dec 201402,31954.693.59$8,328
Nov 201402,36370.464.25$10,047
Oct 201402,42678.303.90$9,464
Sep 201402,40086.164.05$9,709
Aug 201402,61189.394.04$10,536
Jul 2014192,18896.564.18$10,980
Jun 201402,52998.164.74$11,980
May 201402,67194.734.73$12,625
Apr 201402,67995.944.81$12,884
Mar 201402,90495.895.06$14,685
Feb 201402,45297.406.19$15,183
Jan 201402,01290.404.86$9,780
Dec 201301,32891.824.35$5,783
Nov 201302,45588.853.74$9,177
Oct 201302,50497.423.78$9,464
Sep 201302,569104.113.72$9,551
Aug 201302,068104.253.52$7,285
Jul 201302,486102.523.72$9,242
Jun 201302,34794.403.93$9,232
May 201302,51794.834.15$10,443
Apr 201302,41093.964.28$10,321
Mar 201303,07093.623.91$12,013
Feb 201302,02891.233.42$6,936
Jan 201302,45191.603.42$8,382
Dec 201202,38886.773.42$8,167
Nov 201202,67786.953.62$9,704
Oct 201202,62589.383.40$8,924
Sep 201202,51094.672.92$7,325
Aug 201202,44892.662.91$7,119
Jul 201202,93485.133.02$8,863
Jun 201202,94879.822.52$7,426
May 201203,18791.612.49$7,930
Apr 201203,409101.652.00$6,807
Mar 201202,942105.052.22$6,537
Feb 201203,534101.102.57$9,083
Jan 201203,19698.092.73$8,738
Dec 201102,57796.873.24$8,349
Nov 201103,78195.723.31$12,520
Oct 201104,64184.983.65$16,933
Sep 201101,27283.623.99$5,070
Aug 201103,82183.404.15$15,855
Jul 201104,95994.144.52$22,401
Jun 201104,49892.904.64$20,870
May 201101,78798.134.40$7,871
Apr 201102,090105.964.33$9,057
Mar 201102,73596.364.06$11,097
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 2010069672.633.98$2,770
Aug 201001,50273.684.42$6,638
Jul 201001,71872.554.74$8,137
Jun 201001,53070.364.91$7,513
May 201001,71371.124.24$7,255
Apr 201001,16781.694.12$4,811
Mar 201001,77278.394.39$7,777
Feb 201002,38973.585.44$13,002
Jan 201002,91574.365.96$17,385
Dec 200902,98071.445.48$16,342
Nov 200903,26274.593.75$12,237
Oct 200903,53772.544.11$14,538
Sep 200903,41665.543.06$10,469
Aug 200902,53067.423.22$8,143
Jul 200903,09061.133.46$10,705
Jun 200902,07466.163.90$8,078
May 200902,41054.743.93$9,461
Apr 200902,69446.773.59$9,665
Mar 200902,76042.144.06$11,203
Feb 200901,39932.814.63$6,482
Jan 200902,92235.865.37$15,694
Dec 200803,09137.105.98$18,475
Nov 200804,05555.496.86$27,819
Oct 200803,88375.246.92$26,878
Sep 200802,594101.767.88$20,433
Aug 200803,659114.228.48$31,039
Jul 200803,329131.0811.39$37,915
Jun 200802,913131.3313.03$37,964
May 200803,383123.1711.57$39,156
Apr 200803,418110.3110.45$35,735
Mar 200803,935101.909.66$38,028
Feb 200803,40892.538.77$29,890
Jan 200804,91390.388.21$40,315
Dec 200704,62288.337.30$33,750
Nov 200703,56691.677.29$26,002
Oct 200704,22682.856.92$29,252
Sep 200701,84275.846.24$11,502
Aug 2007020869.066.39$1,329
Jul 2007042070.906.39$2,683
Jun 200702,85062.007.55$21,513
May 200704,05458.747.85$31,809
Apr 200703,87959.617.81$30,276
Mar 200704,17556.927.30$30,486
Feb 200703,94855.108.22$32,437
Jan 200702,71450.306.73$18,257
Dec 200602,24356.656.92$15,518
Nov 200602,10254.207.62$16,012
Oct 200601,77254.906.01$10,656
Sep 200601,47660.085.04$7,435
Aug 2006711,99068.717.34$19,485
Jul 200603,91269.376.34$24,813
Jun 200603,84366.286.38$24,533
May 200603,48566.016.42$22,391
Apr 200603,08264.397.36$22,685
Mar 200603,66856.707.08$25,980
Feb 200603,12057.597.75$24,183
Jan 200603,72360.598.93$33,259
Dec 200503,55254.9413.42$47,652
Nov 200503,82354.6910.59$40,479
Oct 200504,04358.3413.80$55,776
Sep 200503,68261.4512.08$44,475
Aug 200504,17961.519.80$40,941
Jul 200504,11955.697.84$32,308
Jun 200504,12952.337.38$30,476
May 200503,81745.226.65$25,387
Apr 200503,86049.207.36$28,411
Mar 200503,98450.377.15$28,505
Feb 200504,08445.226.31$25,778
Jan 200504,50843.166.32$28,500
Dec 200404,79839.866.75$32,392
Nov 200404,88145.286.33$30,899
Oct 200404,53549.706.52$29,546
Sep 200404,63543.245.28$24,491
Aug 200405,43642.375.55$30,173
Jul 200404,72438.286.08$28,742
Jun 200401,78336.106.43$11,470
May 200402,72737.486.49$17,711
Apr 20040034.475.86$0
Mar 200404,75034.365.53$26,268
Feb 200404,16732.455.51$22,959
Jan 200404,26232.036.30$26,849
Dec 200303,86430.266.30$24,350
Nov 200304,02228.804.60$18,482
Oct 200303,01428.174.76$14,346
Sep 200304,35626.314.75$20,688
Aug 200304,55129.765.13$23,345
Jul 200304,70729.415.17$24,339
Jun 200304,04328.565.98$24,189
May 200304,28226.595.97$25,575
Apr 200303,27426.675.41$17,703
Mar 200303,89131.146.10$23,720
Feb 200303,42633.487.93$27,154
Jan 200305,00830.315.58$27,955
Dec 200205,31826.914.85$25,812
Nov 200205,32524.664.14$22,029
Oct 200205,74326.464.23$24,288
Sep 200205,13827.443.64$18,678
Aug 200205,46925.963.16$17,305
Jul 200205,69424.583.06$17,434
Jun 200204,17423.733.34$13,934
May 200205,09124.663.58$18,246
Apr 200205,70623.653.51$20,041
Mar 200205,16922.003.10$16,038
Feb 200205,03618.222.38$11,964
Jan 200205,65217.172.38$13,427
Dec 200106,28316.932.36$14,856
Nov 200105,54718.072.41$13,343
Oct 200106,29719.782.53$15,924
Sep 200105,05324.262.25$11,376
Aug 200105,47824.873.05$16,725
Jul 200106,00223.933.20$19,189
Jun 200105,99424.563.82$22,922
May 200106,01625.524.31$25,913
Apr 200106,09124.685.34$32,497
Mar 200106,22524.545.38$33,468
Feb 200104,83927.755.77$27,907
Jan 200105,96327.478.40$50,082
Dec 200005,42626.889.12$49,499
Nov 200006,23332.215.66$35,266
Oct 200006,16131.235.15$31,701
Sep 200006,59531.875.19$34,205
Aug 200005,98729.644.54$27,185
Jul 200006,88428.534.09$28,154
Jun 200006,64429.304.40$29,215
May 200006,62727.263.68$24,386
Apr 200006,52524.513.12$20,332
Mar 200007,04028.422.86$20,133
Feb 200006,57627.622.73$17,929
Jan 200007,41325.272.48$18,388
Dec 199907,24824.282.42$17,567
Nov 199907,10023.192.43$17,281
Oct 199907,31820.982.80$20,518
Sep 199907,05121.752.62$18,466
Aug 1999898,19319.262.88$25,274
Jul 199908,27517.892.37$19,631
Jun 199908,21215.942.36$19,398
May 199908,25715.792.32$19,165
Apr 199908,53015.102.21$18,835
Mar 199908,70612.471.84$16,005
Feb 199908,0709.981.82$14,670
Jan 199978,43910.381.90$16,106
Dec 19981488,1909.201.77$15,885
Nov 199808,87310.892.19$19,394
Oct 199809,26612.421.97$18,247
Sep 199809,82812.592.08$20,468
Aug 199809,29411.301.91$17,727
Jul 19985710,09711.742.24$23,259
Jun 1998011,38911.242.24$25,480
May 1998011,65612.622.21$25,717
Apr 1998010,89913.042.51$27,306
Mar 199808,75112.802.31$20,210
Feb 1998010,42913.952.30$23,978
Jan 1998011,55414.702.15$24,896
Dec 1997012,22916.322.41$29,485
Nov 1997012,05418.193.09$37,226
Oct 1997013,20919.253.15$41,606
Sep 1997011,89817.742.95$35,157
Aug 1997013,70817.862.55$35,020
Jul 1997016,84317.582.25$37,845
Jun 1997015,72517.242.26$35,494
May 1997017,11218.972.31$39,503
Apr 1997016,31317.882.08$33,976
Mar 1997019,13218.951.94$37,100
Feb 1997019,75720.492.21$43,582
Jan 1997024,16523.483.54$85,537
Dec 1996023,20623.32$0
Nov 1996018,39621.97$0
Oct 1996021,45423.31$0
Sep 1996022,14122.22$0
Aug 1996022,94520.26$0
Jul 199605,13419.55$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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  726 Mcf  × $  3.05 =     $2,211

────────────────────────────────────────────────────
Month total                                   $2,211

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/159585 is the state's own key, not one this site invented.