REED 1

Name: REED 1 lease production and value, Dec 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 214009District 10Field 046605002 tax incentive programmesCondensateGasSave Export

Value, all time

$3.2 M

Dec 2005 – May 2021

Value, last 12 filed months

$2 k

at the published price for each month

Months reported

186

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	2006-07-26	168755
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	12,523 bbl	$887,735
Gas	Production	344,410 Mcf	$2,278,809
Total			$3,166,544

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 35.5409, -100.1491. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

35.54088, -100.14911 · 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

13,200 ft

1 wells filed one

Completion to plug

14.1 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 13,200 ft.

Completions filed

Mar 2006

1 of 1 wells

Plug dates filed

Apr 2020

1 of 1 wells

Last completion to plug: a median of 14.1 years across the 1 well that filed both dates, with the middle half between 14.1 years and 14.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-48331923	3	13,200 ft	Mar 2006	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 (186)

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

186 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	39	0	38.77	2.71	$1,512
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	0	0	59.01	2.30	$0
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	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	22	42.49	2.64	$58
Oct 2016	0	40	46.19	3.09	$124
Sep 2016	0	61	41.55	3.10	$189
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	0	0	42.99	2.76	$0
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	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	18	0	42.89	2.93	$772
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
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	57	0	95.94	4.81	$5,469
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	47	94.83	4.15	$195
Apr 2013	0	78	93.96	4.28	$334
Mar 2013	0	101	93.62	3.91	$395
Feb 2013	0	79	91.23	3.42	$270
Jan 2013	0	71	91.60	3.42	$243
Dec 2012	0	98	86.77	3.42	$335
Nov 2012	0	105	86.95	3.62	$381
Oct 2012	0	100	89.38	3.40	$340
Sep 2012	0	85	94.67	2.92	$248
Aug 2012	0	101	92.66	2.91	$294
Jul 2012	0	111	85.13	3.02	$335
Jun 2012	0	265	79.82	2.52	$668
May 2012	0	792	91.61	2.49	$1,971
Apr 2012	0	882	101.65	2.00	$1,761
Mar 2012	0	759	105.05	2.22	$1,687
Feb 2012	200	1,011	101.10	2.57	$22,819
Jan 2012	0	1,238	98.09	2.73	$3,385
Dec 2011	1	1,351	96.87	3.24	$4,474
Nov 2011	182	1,689	95.72	3.31	$23,014
Oct 2011	0	1,169	84.98	3.65	$4,265
Sep 2011	0	1,179	83.62	3.99	$4,699
Aug 2011	0	1,298	83.40	4.15	$5,386
Jul 2011	169	1,577	94.14	4.52	$23,033
Jun 2011	1	1,904	92.90	4.64	$8,927
May 2011	169	1,824	98.13	4.40	$24,618
Apr 2011	0	1,739	105.96	4.33	$7,536
Mar 2011	0	1,902	96.36	4.06	$7,717
Feb 2011	0	1,897	85.64	4.18	$7,929
Jan 2011	191	1,959	86.50	4.59	$25,511
Dec 2010	1	2,064	85.73	4.35	$9,059
Nov 2010	195	2,051	80.84	3.80	$23,548
Oct 2010	0	1,804	78.10	3.51	$6,330
Sep 2010	1	2,763	72.63	3.98	$11,068
Aug 2010	178	2,170	73.68	4.42	$22,705
Jul 2010	0	1,478	72.55	4.74	$7,001
Jun 2010	1	1,842	70.36	4.91	$9,115
May 2010	180	1,881	71.12	4.24	$20,768
Apr 2010	1	1,744	81.69	4.12	$7,272
Mar 2010	1	1,789	78.39	4.39	$7,930
Feb 2010	182	1,997	73.58	5.44	$24,260
Jan 2010	198	4,277	74.36	5.96	$40,232
Dec 2009	7	3,523	71.44	5.48	$19,819
Nov 2009	187	2,164	74.59	3.75	$22,067
Oct 2009	3	2,403	72.54	4.11	$10,095
Sep 2009	186	2,436	65.54	3.06	$19,656
Aug 2009	1	2,667	67.42	3.22	$8,651
Jul 2009	172	2,959	61.13	3.46	$20,766
Jun 2009	6	3,024	66.16	3.90	$12,175
May 2009	197	3,651	54.74	3.93	$25,117
Apr 2009	209	3,876	46.77	3.59	$23,680
Mar 2009	11	4,140	42.14	4.06	$17,268
Feb 2009	203	2,927	32.81	4.63	$20,221
Jan 2009	13	3,461	35.86	5.37	$19,055
Dec 2008	206	3,487	37.10	5.98	$28,485
Nov 2008	9	3,556	55.49	6.86	$24,895
Oct 2008	205	3,657	75.24	6.92	$40,738
Sep 2008	203	3,444	101.76	7.88	$47,786
Aug 2008	178	3,530	114.22	8.48	$50,276
Jul 2008	9	3,492	131.08	11.39	$40,952
Jun 2008	374	3,463	131.33	13.03	$94,249
May 2008	9	3,910	123.17	11.57	$46,364
Apr 2008	188	4,047	110.31	10.45	$63,049
Mar 2008	202	4,010	101.90	9.66	$59,337
Feb 2008	16	3,699	92.53	8.77	$33,923
Jan 2008	193	4,109	90.38	8.21	$51,161
Dec 2007	205	4,397	88.33	7.30	$50,214
Nov 2007	8	4,499	91.67	7.29	$33,539
Oct 2007	364	4,612	82.85	6.92	$62,082
Sep 2007	11	4,964	75.84	6.24	$31,830
Aug 2007	190	5,147	69.06	6.39	$46,000
Jul 2007	391	5,337	70.90	6.39	$61,814
Jun 2007	8	6,848	62.00	7.55	$52,188
May 2007	195	2,752	58.74	7.85	$33,047
Apr 2007	204	5,081	59.61	7.81	$51,819
Mar 2007	263	6,281	56.92	7.30	$60,834
Feb 2007	200	6,073	55.10	8.22	$60,916
Jan 2007	389	7,064	50.30	6.73	$67,085
Dec 2006	206	7,958	56.65	6.92	$66,727
Nov 2006	289	8,594	54.20	7.62	$81,128
Oct 2006	402	9,945	54.90	6.01	$81,877
Sep 2006	585	11,190	60.08	5.04	$91,513
Aug 2006	813	12,332	68.71	7.34	$146,377
Jul 2006	217	9,893	69.37	6.34	$77,802
Jun 2006	209	12,201	66.28	6.38	$91,742
May 2006	568	17,423	66.01	6.42	$149,436
Apr 2006	1,006	33,389	64.39	7.36	$310,535
Mar 2006	588	12,979	56.70	7.08	$125,269
Feb 2006	8	2,262	57.59	7.75	$17,994
Jan 2006	210	3,686	60.59	8.93	$45,652
Dec 2005	42	6,474	54.94	13.42	$89,159

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            39 bbl  × $ 38.77 =     $1,512
Gas                    0 Mcf  × $  2.71 =         $0

────────────────────────────────────────────────────
Month total                                   $1,512

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/214009 is the state's own key, not one this site invented.