REED T

Name: REED T lease production and value, Jun 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by UNBRIDLED RESOURCES, LLC (P-5 875461) in the B & B (GRANITE WASH) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 212060District 10Field 046605002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.4 M

Jun 2005 – May 2021

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

192

no gaps in the span

Streams

condensate, gas

The B & B (GRANITE WASH) 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 66 leases and 69 wells, and the rule below applies to all of them.

Discovered

1982-01-04

as the register files it

Field class

Oil and gas

the register's own label

Between wells

660 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 2009-01-15.

The Commission's schedule remark for this field reads: “P-15'S AND PLATS ARE REQUIRED FOR HORIZONTAL WELLS.”

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
High Cost Gas	1	1	2006-01-31	166162
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	11,906 bbl	$806,136
Gas	Production	336,473 Mcf	$2,615,084
Total			$3,421,220

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 35.5375, -100.1678. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.53752, -100.16780 · 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

13,100 ft

1 wells filed one

Completion to plug

14.8 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 13,100 ft.

Completions filed

Jun 2005

1 of 1 wells

Plug dates filed

Apr 2020

1 of 1 wells

Last completion to plug: a median of 14.8 years across the 1 well that filed both dates, with the middle half between 14.8 years and 14.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-48331845	3	13,100 ft	Jun 2005	Apr 2020	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 (192)

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

192 months


May 2021	0	0	63.48	3.02	$0
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	0	0	61.30	2.72	$0
Feb 2021	0	0	57.80	5.55	$0
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	0	44.64	2.68	$0
Nov 2020	56	0	38.77	2.71	$2,171
Oct 2020	0	0	36.97	2.48	$0
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	53	0	59.01	2.30	$3,128
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	0	56.27	2.46	$0
Jun 2019	0	0	52.78	2.49	$0
May 2019	0	0	58.48	2.74	$0
Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	0	56.80	3.06	$0
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	2	59.54	3.11	$6
Aug 2018	0	219	59.40	3.07	$672
Jul 2018	0	353	65.14	2.93	$1,035
Jun 2018	0	376	60.18	3.08	$1,157
May 2018	0	424	65.38	2.90	$1,230
Apr 2018	184	497	63.84	2.90	$13,188
Mar 2018	0	370	61.22	2.79	$1,031
Feb 2018	0	396	61.78	2.77	$1,095
Jan 2018	0	459	62.87	4.01	$1,840
Dec 2017	0	377	57.27	2.92	$1,101
Nov 2017	0	358	55.42	3.12	$1,116
Oct 2017	0	387	49.29	2.98	$1,155
Sep 2017	0	660	47.52	3.09	$2,038
Aug 2017	0	269	45.37	3.00	$808
Jul 2017	0	381	43.87	3.09	$1,176
Jun 2017	0	399	42.49	3.09	$1,232
May 2017	0	368	45.37	3.26	$1,201
Apr 2017	0	430	47.93	3.21	$1,381
Mar 2017	0	337	46.77	2.98	$1,006
Feb 2017	0	430	50.45	2.95	$1,270
Jan 2017	0	313	49.41	3.42	$1,070
Dec 2016	0	449	48.76	3.72	$1,672
Nov 2016	0	475	42.49	2.64	$1,256
Oct 2016	0	374	46.19	3.09	$1,156
Sep 2016	0	590	41.55	3.10	$1,829
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	9	0	42.99	2.76	$387
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	53	0	55.21	2.96	$2,926
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	87	560	42.89	2.93	$5,375
Feb 2015	1	722	44.66	2.98	$2,193
Jan 2015	0	398	43.43	3.10	$1,234
Dec 2014	0	388	54.69	3.59	$1,393
Nov 2014	0	439	70.46	4.25	$1,867
Oct 2014	104	398	78.30	3.90	$9,696
Sep 2014	0	378	86.16	4.05	$1,529
Aug 2014	0	371	89.39	4.04	$1,497
Jul 2014	0	328	96.56	4.18	$1,371
Jun 2014	0	64	98.16	4.74	$303
May 2014	0	200	94.73	4.73	$945
Apr 2014	108	92	95.94	4.81	$10,804
Mar 2014	0	245	95.89	5.06	$1,239
Feb 2014	0	689	97.40	6.19	$4,266
Jan 2014	0	519	90.40	4.86	$2,523
Dec 2013	0	611	91.82	4.35	$2,661
Nov 2013	79	663	88.85	3.74	$9,498
Oct 2013	0	422	97.42	3.78	$1,595
Sep 2013	0	469	104.11	3.72	$1,744
Aug 2013	186	430	104.25	3.52	$20,905
Jul 2013	1	433	102.52	3.72	$1,712
Jun 2013	0	430	94.40	3.93	$1,691
May 2013	0	440	94.83	4.15	$1,826
Apr 2013	0	570	93.96	4.28	$2,441
Mar 2013	0	501	93.62	3.91	$1,960
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	27	91.60	3.42	$92
Dec 2012	0	422	86.77	3.42	$1,443
Nov 2012	3	607	86.95	3.62	$2,461
Oct 2012	0	598	89.38	3.40	$2,033
Sep 2012	0	569	94.67	2.92	$1,661
Aug 2012	0	612	92.66	2.91	$1,780
Jul 2012	0	595	85.13	3.02	$1,797
Jun 2012	0	593	79.82	2.52	$1,494
May 2012	0	613	91.61	2.49	$1,525
Apr 2012	0	416	101.65	2.00	$831
Mar 2012	0	382	105.05	2.22	$849
Feb 2012	0	628	101.10	2.57	$1,614
Jan 2012	172	696	98.09	2.73	$18,774
Dec 2011	0	803	96.87	3.24	$2,602
Nov 2011	0	708	95.72	3.31	$2,344
Oct 2011	0	759	84.98	3.65	$2,769
Sep 2011	0	710	83.62	3.99	$2,830
Aug 2011	1	511	83.40	4.15	$2,204
Jul 2011	1	908	94.14	4.52	$4,196
Jun 2011	1	876	92.90	4.64	$4,157
May 2011	0	963	98.13	4.40	$4,242
Apr 2011	185	930	105.96	4.33	$23,633
Mar 2011	0	874	96.36	4.06	$3,546
Feb 2011	0	815	85.64	4.18	$3,407
Jan 2011	0	956	86.50	4.59	$4,387
Dec 2010	1	980	85.73	4.35	$4,347
Nov 2010	0	1,050	80.84	3.80	$3,985
Oct 2010	0	980	78.10	3.51	$3,439
Sep 2010	171	1,045	72.63	3.98	$16,578
Aug 2010	0	1,063	73.68	4.42	$4,698
Jul 2010	0	875	72.55	4.74	$4,144
Jun 2010	0	882	70.36	4.91	$4,331
May 2010	0	1,156	71.12	4.24	$4,896
Apr 2010	0	798	81.69	4.12	$3,290
Mar 2010	0	929	78.39	4.39	$4,077
Feb 2010	175	1,082	73.58	5.44	$18,765
Jan 2010	0	1,219	74.36	5.96	$7,270
Dec 2009	2	1,255	71.44	5.48	$7,025
Nov 2009	2	1,232	74.59	3.75	$4,771
Oct 2009	171	1,259	72.54	4.11	$17,579
Sep 2009	2	1,333	65.54	3.06	$4,216
Aug 2009	2	1,444	67.42	3.22	$4,782
Jul 2009	193	1,477	61.13	3.46	$16,915
Jun 2009	3	1,321	66.16	3.90	$5,344
May 2009	3	1,385	54.74	3.93	$5,601
Apr 2009	4	1,371	46.77	3.59	$5,106
Mar 2009	192	1,631	42.14	4.06	$14,711
Feb 2009	7	1,352	32.81	4.63	$6,493
Jan 2009	194	1,531	35.86	5.37	$15,180
Dec 2008	4	1,652	37.10	5.98	$10,023
Nov 2008	4	1,720	55.49	6.86	$12,022
Oct 2008	3	1,974	75.24	6.92	$13,890
Sep 2008	194	2,388	101.76	7.88	$38,552
Aug 2008	169	3,622	114.22	8.48	$50,029
Jul 2008	196	4,669	131.08	11.39	$78,869
Jun 2008	2	2,810	131.33	13.03	$36,884
May 2008	177	3,181	123.17	11.57	$58,619
Apr 2008	6	3,052	110.31	10.45	$32,570
Mar 2008	194	4,909	101.90	9.66	$67,210
Feb 2008	18	4,706	92.53	8.77	$42,940
Jan 2008	196	3,237	90.38	8.21	$44,276
Dec 2007	7	3,386	88.33	7.30	$25,343
Nov 2007	195	3,525	91.67	7.29	$43,579
Oct 2007	185	3,840	82.85	6.92	$41,908
Sep 2007	11	4,371	75.84	6.24	$28,127
Aug 2007	204	3,339	69.06	6.39	$35,418
Jul 2007	208	4,114	70.90	6.39	$41,027
Jun 2007	3	3,969	62.00	7.55	$30,146
May 2007	202	4,099	58.74	7.85	$44,027
Apr 2007	196	3,760	59.61	7.81	$41,031
Mar 2007	193	4,317	56.92	7.30	$42,508
Feb 2007	203	3,911	55.10	8.22	$43,318
Jan 2007	14	4,377	50.30	6.73	$30,148
Dec 2006	208	4,666	56.65	6.92	$44,065
Nov 2006	8	4,817	54.20	7.62	$37,127
Oct 2006	204	5,231	54.90	6.01	$42,658
Sep 2006	210	5,225	60.08	5.04	$38,936
Aug 2006	201	4,749	68.71	7.34	$48,668
Jul 2006	212	5,519	69.37	6.34	$49,712
Jun 2006	5	5,066	66.28	6.38	$32,672
May 2006	212	6,008	66.01	6.42	$52,596
Apr 2006	209	5,975	64.39	7.36	$57,436
Mar 2006	405	6,419	56.70	7.08	$68,429
Feb 2006	215	7,217	57.59	7.75	$68,322
Jan 2006	213	8,814	60.59	8.93	$91,644
Dec 2005	404	10,236	54.94	13.42	$159,516
Nov 2005	372	10,693	54.69	10.59	$133,566
Oct 2005	375	12,546	58.34	13.80	$194,959
Sep 2005	757	14,822	61.45	12.08	$225,553
Aug 2005	972	20,718	61.51	9.80	$262,759
Jul 2005	1,524	43,049	55.69	7.84	$422,532
Jun 2005	10	4,101	52.33	7.38	$30,793

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.

Nov 2020 — as filed, then multipliedworked

Condensate            56 bbl  × $ 38.77 =     $2,171
Gas                    0 Mcf  × $  2.71 =         $0

────────────────────────────────────────────────────
Month total                                   $2,171

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/212060 is the state's own key, not one this site invented.