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 BP AMERICA PRODUCTION COMPANY (P-5 40798) 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 75710District 10Field 68735120NGPA filingCondensateGasSave Export

Value, all time

$1.4 M

Jan 1993 – Jul 2015

Value, last 12 filed months

at the published price for each month

Months reported

271

no gaps in the span

Streams

condensate, gas

The PAN PETRO (CLEVELAND) 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 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.

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	955 bbl	$23,362
Gas	Production	569,460 Mcf	$1,370,922
Total			$1,394,284

251,478 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 36.0702, -101.0416. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

36.07020, -101.04158 · 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

6,850 ft

1 wells filed one

Completion to plug

37.5 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 6,850 ft.

Completions filed

Jan 1978

1 of 1 wells

Plug dates filed

Jul 2015

1 of 1 wells

Last completion to plug: a median of 37.5 years across the 1 well that filed both dates, with the middle half between 37.5 years and 37.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-35730778	2	6,850 ft	Jan 1978	Jul 2015	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 (271)

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

271 months


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	0	0	42.89	2.93	$0
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	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	84	0	89.38	3.40	$7,508
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	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	18	0	84.98	3.65	$1,530
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	387	92.90	4.64	$1,796
May 2011	0	678	98.13	4.40	$2,986
Apr 2011	0	1,056	105.96	4.33	$4,576
Mar 2011	0	1,219	96.36	4.06	$4,946
Feb 2011	0	638	85.64	4.18	$2,667
Jan 2011	0	1,085	86.50	4.59	$4,979
Dec 2010	0	1,130	85.73	4.35	$4,913
Nov 2010	0	1,126	80.84	3.80	$4,274
Oct 2010	0	1,125	78.10	3.51	$3,948
Sep 2010	0	921	72.63	3.98	$3,665
Aug 2010	0	785	73.68	4.42	$3,469
Jul 2010	0	977	72.55	4.74	$4,628
Jun 2010	0	1,049	70.36	4.91	$5,151
May 2010	0	1,018	71.12	4.24	$4,311
Apr 2010	0	701	81.69	4.12	$2,890
Mar 2010	0	1,011	78.39	4.39	$4,437
Feb 2010	0	1,209	73.58	5.44	$6,580
Jan 2010	0	1,305	74.36	5.96	$7,783
Dec 2009	0	1,293	71.44	5.48	$7,090
Nov 2009	0	1,367	74.59	3.75	$5,128
Oct 2009	0	1,591	72.54	4.11	$6,539
Sep 2009	0	1,186	65.54	3.06	$3,635
Aug 2009	0	1,152	67.42	3.22	$3,708
Jul 2009	0	871	61.13	3.46	$3,018
Jun 2009	0	710	66.16	3.90	$2,765
May 2009	0	640	54.74	3.93	$2,512
Apr 2009	0	476	46.77	3.59	$1,708
Mar 2009	0	604	42.14	4.06	$2,452
Feb 2009	0	751	32.81	4.63	$3,479
Jan 2009	0	1,102	35.86	5.37	$5,919
Dec 2008	0	1,527	37.10	5.98	$9,127
Nov 2008	0	1,616	55.49	6.86	$11,086
Oct 2008	0	1,574	75.24	6.92	$10,895
Sep 2008	0	1,642	101.76	7.88	$12,934
Aug 2008	0	1,795	114.22	8.48	$15,227
Jul 2008	0	528	131.08	11.39	$6,014
Jun 2008	0	1,201	131.33	13.03	$15,652
May 2008	0	1,313	123.17	11.57	$15,197
Apr 2008	0	1,538	110.31	10.45	$16,080
Mar 2008	0	809	101.90	9.66	$7,818
Feb 2008	0	916	92.53	8.77	$8,034
Jan 2008	0	1,523	90.38	8.21	$12,497
Dec 2007	0	1,248	88.33	7.30	$9,113
Nov 2007	0	1,200	91.67	7.29	$8,750
Oct 2007	0	952	82.85	6.92	$6,590
Sep 2007	0	1,241	75.84	6.24	$7,749
Aug 2007	0	167	69.06	6.39	$1,067
Jul 2007	0	304	70.90	6.39	$1,942
Jun 2007	0	1,026	62.00	7.55	$7,745
May 2007	0	952	58.74	7.85	$7,470
Apr 2007	0	998	59.61	7.81	$7,790
Mar 2007	0	1,260	56.92	7.30	$9,200
Feb 2007	0	1,389	55.10	8.22	$11,412
Jan 2007	0	851	50.30	6.73	$5,725
Dec 2006	0	435	56.65	6.92	$3,010
Nov 2006	0	0	54.20	7.62	$0
Oct 2006	0	0	54.90	6.01	$0
Sep 2006	0	0	60.08	5.04	$0
Aug 2006	0	324	68.71	7.34	$2,378
Jul 2006	0	991	69.37	6.34	$6,286
Jun 2006	0	1,222	66.28	6.38	$7,801
May 2006	0	1,151	66.01	6.42	$7,395
Apr 2006	0	1,542	64.39	7.36	$11,350
Mar 2006	0	1,748	56.70	7.08	$12,381
Feb 2006	0	1,497	57.59	7.75	$11,603
Jan 2006	0	1,606	60.59	8.93	$14,347
Dec 2005	0	1,297	54.94	13.42	$17,400
Nov 2005	0	1,209	54.69	10.59	$12,801
Oct 2005	0	1,483	58.34	13.80	$20,459
Sep 2005	0	1,723	61.45	12.08	$20,812
Aug 2005	0	1,904	61.51	9.80	$18,653
Jul 2005	0	1,530	55.69	7.84	$12,001
Jun 2005	0	2,243	52.33	7.38	$16,556
May 2005	0	1,925	45.22	6.65	$12,803
Apr 2005	0	2,040	49.20	7.36	$15,015
Mar 2005	0	957	50.37	7.15	$6,847
Feb 2005	0	78	45.22	6.31	$492
Jan 2005	0	8	43.16	6.32	$51
Dec 2004	0	5	39.86	6.75	$34
Nov 2004	0	5	45.28	6.33	$32
Oct 2004	0	2	49.70	6.52	$13
Sep 2004	0	313	43.24	5.28	$1,654
Aug 2004	0	828	42.37	5.55	$4,596
Jul 2004	0	1,201	38.28	6.08	$7,307
Jun 2004	0	1,032	36.10	6.43	$6,639
May 2004	0	1,371	37.48	6.49	$8,904
Apr 2004	0	1,690	34.47	5.86	$9,901
Mar 2004	0	1,811	34.36	5.53	$10,015
Feb 2004	0	822	32.45	5.51	$4,529
Jan 2004	0	1,094	32.03	6.30	$6,892
Dec 2003	0	1,382	30.26	6.30	$8,709
Nov 2003	0	1,863	28.80	4.60	$8,561
Oct 2003	0	1,864	28.17	4.76	$8,872
Sep 2003	0	2,316	26.31	4.75	$11,000
Aug 2003	0	2,167	29.76	5.13	$11,116
Jul 2003	0	2,325	29.41	5.17	$12,022
Jun 2003	0	945	28.56	5.98	$5,654
May 2003	0	1,651	26.59	5.97	$9,861
Apr 2003	0	2,458	26.67	5.41	$13,291
Mar 2003	0	1,456	31.14	6.10	$8,876
Feb 2003	0	1,463	33.48	7.93	$11,596
Jan 2003	0	1,533	30.31	5.58	$8,557
Dec 2002	0	1,860	26.91	4.85	$9,028
Nov 2002	0	2,245	24.66	4.14	$9,287
Oct 2002	0	2,402	26.46	4.23	$10,158
Sep 2002	0	2,038	27.44	3.64	$7,409
Aug 2002	0	2,476	25.96	3.16	$7,834
Jul 2002	0	3,215	24.58	3.06	$9,844
Jun 2002	0	2,130	23.73	3.34	$7,110
May 2002	0	868	24.66	3.58	$3,111
Apr 2002	0	957	23.65	3.51	$3,361
Mar 2002	0	1,364	22.00	3.10	$4,232
Feb 2002	0	1,563	18.22	2.38	$3,713
Jan 2002	0	2,216	17.17	2.38	$5,265
Dec 2001	0	2,776	16.93	2.36	$6,564
Nov 2001	0	2,452	18.07	2.41	$5,898
Oct 2001	0	1,980	19.78	2.53	$5,007
Sep 2001	0	1,898	24.26	2.25	$4,273
Aug 2001	0	2,027	24.87	3.05	$6,189
Jul 2001	0	1,965	23.93	3.20	$6,282
Jun 2001	0	1,985	24.56	3.82	$7,591
May 2001	0	1,981	25.52	4.31	$8,533
Apr 2001	0	1,743	24.68	5.34	$9,299
Mar 2001	0	1,996	24.54	5.38	$10,731
Feb 2001	0	2,013	27.75	5.77	$11,609
Jan 2001	0	2,475	27.47	8.40	$20,787
Dec 2000	0	2,154	26.88	9.12	$19,650
Nov 2000	0	2,768	32.21	5.66	$15,661
Oct 2000	0	2,885	31.23	5.15	$14,845
Sep 2000	0	2,756	31.87	5.19	$14,294
Aug 2000	0	2,859	29.64	4.54	$12,982
Jul 2000	0	2,705	28.53	4.09	$11,063
Jun 2000	0	2,863	29.30	4.40	$12,589
May 2000	0	2,640	27.26	3.68	$9,715
Apr 2000	0	2,730	24.51	3.12	$8,507
Mar 2000	0	2,973	28.42	2.86	$8,502
Feb 2000	0	2,852	27.62	2.73	$7,776
Jan 2000	0	3,120	25.27	2.48	$7,739
Dec 1999	0	3,135	24.28	2.42	$7,598
Nov 1999	0	3,048	23.19	2.43	$7,419
Oct 1999	0	3,136	20.98	2.80	$8,792
Sep 1999	0	3,105	21.75	2.62	$8,132
Aug 1999	154	3,229	19.26	2.88	$12,251
Jul 1999	0	3,097	17.89	2.37	$7,347
Jun 1999	0	2,756	15.94	2.36	$6,510
May 1999	0	2,960	15.79	2.32	$6,870
Apr 1999	0	3,268	15.10	2.21	$7,216
Mar 1999	0	3,401	12.47	1.84	$6,252
Feb 1999	0	3,099	9.98	1.82	$5,633
Jan 1999	98	2,855	10.38	1.90	$6,442
Dec 1998	0	3,869	9.20	1.77	$6,861
Nov 1998	0	3,250	10.89	2.19	$7,104
Oct 1998	0	2,708	12.42	1.97	$5,333
Sep 1998	0	3,575	12.59	2.08	$7,445
Aug 1998	0	3,337	11.30	1.91	$6,365
Jul 1998	25	3,503	11.74	2.24	$8,131
Jun 1998	0	3,484	11.24	2.24	$7,795
May 1998	0	3,605	12.62	2.21	$7,954
Apr 1998	0	2,954	13.04	2.51	$7,401
Mar 1998	0	2,218	12.80	2.31	$5,122
Feb 1998	0	2,592	13.95	2.30	$5,959
Jan 1998	0	4,006	14.70	2.15	$8,632
Dec 1997	0	3,767	16.32	2.41	$9,083
Nov 1997	0	2,932	18.19	3.09	$9,055
Oct 1997	0	3,839	19.25	3.15	$12,092
Sep 1997	0	3,504	17.74	2.95	$10,354
Aug 1997	0	3,398	17.86	2.55	$8,681
Jul 1997	0	3,758	17.58	2.25	$8,444
Jun 1997	0	4,162	17.24	2.26	$9,394
May 1997	0	4,230	18.97	2.31	$9,765
Apr 1997	0	3,635	17.88	2.08	$7,571
Mar 1997	0	3,837	18.95	1.94	$7,440
Feb 1997	0	3,425	20.49	2.21	$7,555
Jan 1997	0	4,132	23.48	3.54	$14,626
Dec 1996	0	4,591	23.32	—	$0
Nov 1996	0	4,054	21.97	—	$0
Oct 1996	0	4,443	23.31	—	$0
Sep 1996	0	4,014	22.22	—	$0
Aug 1996	187	4,692	20.26	—	$3,789
Jul 1996	0	4,696	19.55	—	$0
Jun 1996	0	3,912	18.73	—	$0
May 1996	0	5,007	19.43	—	$0
Apr 1996	0	5,454	21.51	—	$0
Mar 1996	0	5,067	19.38	—	$0
Feb 1996	0	4,467	16.98	—	$0
Jan 1996	0	4,249	17.07	—	$0
Dec 1995	0	4,299	17.19	—	$0
Nov 1995	0	4,748	16.00	—	$0
Oct 1995	0	4,891	15.43	—	$0
Sep 1995	0	4,878	16.18	—	$0
Aug 1995	0	4,601	15.92	—	$0
Jul 1995	0	4,780	15.24	—	$0
Jun 1995	0	4,937	16.41	—	$0
May 1995	0	5,571	17.56	—	$0
Apr 1995	192	4,734	17.73	—	$3,404
Mar 1995	0	4,978	16.44	—	$0
Feb 1995	0	4,759	16.58	—	$0
Jan 1995	0	5,545	15.92	—	$0
Dec 1994	0	6,212	15.03	—	$0
Nov 1994	0	5,084	15.90	—	$0
Oct 1994	0	5,555	15.58	—	$0
Sep 1994	0	4,522	15.29	—	$0
Aug 1994	0	5,307	16.13	—	$0
Jul 1994	0	5,645	17.56	—	$0
Jun 1994	0	5,432	17.09	—	$0
May 1994	0	6,647	15.88	—	$0
Apr 1994	0	5,900	14.14	—	$0
Mar 1994	0	5,820	12.46	—	$0
Feb 1994	0	5,189	12.50	—	$0
Jan 1994	0	6,060	12.66	—	$0
Dec 1993	0	5,940	12.33	—	$0
Nov 1993	197	5,326	14.49	—	$2,855
Oct 1993	0	5,973	15.85	—	$0
Sep 1993	0	5,644	15.03	—	$0
Aug 1993	0	5,053	15.66	—	$0
Jul 1993	0	6,020	15.46	—	$0
Jun 1993	0	5,750	16.79	—	$0
May 1993	0	6,421	17.68	—	$0
Apr 1993	0	6,186	18.05	—	$0
Mar 1993	0	6,118	18.14	—	$0
Feb 1993	0	5,766	17.90	—	$0
Jan 1993	0	6,541	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.

Oct 2012 — as filed, then multipliedworked

Condensate            84 bbl  × $ 89.38 =     $7,508
Gas                    0 Mcf  × $  3.40 =         $0

────────────────────────────────────────────────────
Month total                                   $7,508

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/75710 is the state's own key, not one this site invented.