REED 31

Name: REED 31 lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by LINN OPERATING, INC. (P-5 501545) in the FRYE RANCH (GRANITE WASH -A-) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 6601District 10Field 33151300OilCasinghead gasSave Export

Value, all time

$1.6 M

Jan 1993 – Aug 2008

Value, last 12 filed months

$106 k

at the published price for each month

Months reported

188

no gaps in the span

Streams

oil, casinghead gas

The FRYE RANCH (GRANITE WASH -A-) 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 27 leases and 36 wells, and the rule below applies to all of them.

Discovered

1986-05-16

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,867 ft

minimum

From a lease line

933 ft

minimum

A drilling unit in this field needs at least 160 acres. The field rule took effect on 1989-06-01.

The Commission's schedule remark for this field reads: “EFF 10-9-2007”

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
Oil	Disposition	18,113 bbl	$891,588
Casinghead gas	Production	135,571 Mcf	$730,440
Total			$1,622,028

26,252 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 (3)

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 35.4935, -100.1719. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

35.49492, -100.17361 · 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%

3 of 3 wells

With a plug date

33.3%

1 of 3 wells

Median depth

12,400 ft

3 wells filed one

Completion to plug

26.9 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

3100.0%

A plug date is filed

133.3%

BothOn the schedule and plugged. Neither fact cancels the other.

133.3%

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

Between 12,320 and 12,700 ft, median 12,400 ft, over the 3 wells that filed a depth.

Completions filed

Dec 1988 – Dec 2005

3 of 3 wells

Plug dates filed

Nov 2015

1 of 3 wells; 2 filed none

Last completion to plug: a median of 26.9 years across the 1 well that filed both dates, with the middle half between 26.9 years and 26.9 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells


42-48331941	3	12,320 ft	Dec 2005	—	Yes
42-48331940	2	12,700 ft	Dec 2005	—	Yes
42-48331382	1031	12,400 ft	Dec 1988	Nov 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 (188)

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

188 months


Aug 2008	0	0	114.22	8.48	$0
Jul 2008	0	0	131.08	11.39	$0
Jun 2008	0	0	131.33	13.03	$0
May 2008	0	0	123.17	11.57	$0
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	0	0	101.90	9.66	$0
Feb 2008	0	0	92.53	8.77	$0
Jan 2008	0	0	90.38	8.21	$0
Dec 2007	108	0	88.33	7.30	$9,540
Nov 2007	398	0	91.67	7.29	$36,485
Oct 2007	195	2,097	82.85	6.92	$30,671
Sep 2007	198	2,273	75.84	6.24	$29,209
Aug 2007	392	2,733	69.06	6.39	$44,530
Jul 2007	586	2,572	70.90	6.39	$57,977
Jun 2007	190	3,027	62.00	7.55	$34,629
May 2007	390	3,523	58.74	7.85	$50,551
Apr 2007	392	2,721	59.61	7.81	$44,605
Mar 2007	592	3,800	56.92	7.30	$61,444
Feb 2007	387	3,474	55.10	8.22	$49,866
Jan 2007	389	4,203	50.30	6.73	$47,840
Dec 2006	388	3,943	56.65	6.92	$49,260
Nov 2006	402	4,591	54.20	7.62	$56,760
Oct 2006	578	5,429	54.90	6.01	$64,381
Sep 2006	779	5,694	60.08	5.04	$75,484
Aug 2006	757	5,383	68.71	7.34	$91,524
Jul 2006	737	4,689	69.37	6.34	$80,867
Jun 2006	566	5,690	66.28	6.38	$73,839
May 2006	377	3,105	66.01	6.42	$44,835
Apr 2006	561	3,753	64.39	7.36	$63,747
Mar 2006	567	4,671	56.70	7.08	$65,233
Feb 2006	749	5,189	57.59	7.75	$83,355
Jan 2006	1,326	8,929	60.59	8.93	$160,108
Dec 2005	0	82	54.94	13.42	$1,100
Nov 2005	189	35	54.69	10.59	$10,707
Oct 2005	0	106	58.34	13.80	$1,462
Sep 2005	0	173	61.45	12.08	$2,090
Aug 2005	0	172	61.51	9.80	$1,685
Jul 2005	0	156	55.69	7.84	$1,224
Jun 2005	0	175	52.33	7.38	$1,292
May 2005	0	196	45.22	6.65	$1,304
Apr 2005	0	162	49.20	7.36	$1,192
Mar 2005	193	214	50.37	7.15	$11,253
Feb 2005	0	149	45.22	6.31	$940
Jan 2005	0	174	43.16	6.32	$1,100
Dec 2004	0	127	39.86	6.75	$857
Nov 2004	0	115	45.28	6.33	$728
Oct 2004	0	147	49.70	6.52	$958
Sep 2004	0	107	43.24	5.28	$565
Aug 2004	0	242	42.37	5.55	$1,343
Jul 2004	0	274	38.28	6.08	$1,667
Jun 2004	166	144	36.10	6.43	$6,919
May 2004	0	293	37.48	6.49	$1,903
Apr 2004	0	245	34.47	5.86	$1,435
Mar 2004	0	194	34.36	5.53	$1,073
Feb 2004	0	312	32.45	5.51	$1,719
Jan 2004	180	245	32.03	6.30	$7,309
Dec 2003	0	285	30.26	6.30	$1,796
Nov 2003	0	235	28.80	4.60	$1,080
Oct 2003	0	239	28.17	4.76	$1,138
Sep 2003	187	275	26.31	4.75	$6,226
Aug 2003	0	179	29.76	5.13	$918
Jul 2003	0	176	29.41	5.17	$910
Jun 2003	0	184	28.56	5.98	$1,101
May 2003	0	149	26.59	5.97	$890
Apr 2003	0	269	26.67	5.41	$1,455
Mar 2003	187	239	31.14	6.10	$7,280
Feb 2003	0	273	33.48	7.93	$2,164
Jan 2003	0	90	30.31	5.58	$502
Dec 2002	0	227	26.91	4.85	$1,102
Nov 2002	0	244	24.66	4.14	$1,009
Oct 2002	0	161	26.46	4.23	$681
Sep 2002	180	194	27.44	3.64	$5,644
Aug 2002	0	167	25.96	3.16	$528
Jul 2002	0	226	24.58	3.06	$692
Jun 2002	0	269	23.73	3.34	$898
May 2002	0	27	24.66	3.58	$97
Apr 2002	0	43	23.65	3.51	$151
Mar 2002	170	246	22.00	3.10	$4,503
Feb 2002	0	231	18.22	2.38	$549
Jan 2002	0	215	17.17	2.38	$511
Dec 2001	0	256	16.93	2.36	$605
Nov 2001	0	202	18.07	2.41	$486
Oct 2001	0	138	19.78	2.53	$349
Sep 2001	0	111	24.26	2.25	$250
Aug 2001	187	280	24.87	3.05	$5,506
Jul 2001	0	156	23.93	3.20	$499
Jun 2001	0	217	24.56	3.82	$830
May 2001	0	115	25.52	4.31	$495
Apr 2001	0	245	24.68	5.34	$1,307
Mar 2001	0	148	24.54	5.38	$796
Feb 2001	192	365	27.75	5.77	$7,433
Jan 2001	0	96	27.47	8.40	$806
Dec 2000	0	351	26.88	9.12	$3,202
Nov 2000	0	186	32.21	5.66	$1,052
Oct 2000	0	240	31.23	5.15	$1,235
Sep 2000	0	175	31.87	5.19	$908
Aug 2000	0	1	29.64	4.54	$5
Jul 2000	0	1	28.53	4.09	$4
Jun 2000	0	1	29.30	4.40	$4
May 2000	0	45	27.26	3.68	$166
Apr 2000	0	188	24.51	3.12	$586
Mar 2000	0	71	28.42	2.86	$203
Feb 2000	0	92	27.62	2.73	$251
Jan 2000	0	246	25.27	2.48	$610
Dec 1999	0	125	24.28	2.42	$303
Nov 1999	174	141	23.19	2.43	$4,378
Oct 1999	0	12	20.98	2.80	$34
Sep 1999	0	91	21.75	2.62	$238
Aug 1999	131	107	19.26	2.88	$2,831
Jul 1999	0	57	17.89	2.37	$135
Jun 1999	191	39	15.94	2.36	$3,137
May 1999	0	103	15.79	2.32	$239
Apr 1999	0	84	15.10	2.21	$185
Mar 1999	0	42	12.47	1.84	$77
Feb 1999	0	24	9.98	1.82	$44
Jan 1999	0	91	10.38	1.90	$173
Dec 1998	0	33	9.20	1.77	$59
Nov 1998	0	97	10.89	2.19	$212
Oct 1998	0	63	12.42	1.97	$124
Sep 1998	0	103	12.59	2.08	$215
Aug 1998	0	82	11.30	1.91	$156
Jul 1998	0	819	11.74	2.24	$1,832
Jun 1998	0	98	11.24	2.24	$219
May 1998	0	197	12.62	2.21	$435
Apr 1998	169	27	13.04	2.51	$2,271
Mar 1998	0	118	12.80	2.31	$273
Feb 1998	0	531	13.95	2.30	$1,221
Jan 1998	0	95	14.70	2.15	$205
Dec 1997	157	144	16.32	2.41	$2,909
Nov 1997	0	175	18.19	3.09	$540
Oct 1997	0	78	19.25	3.15	$246
Sep 1997	0	808	17.74	2.95	$2,388
Aug 1997	0	54	17.86	2.55	$138
Jul 1997	92	22	17.58	2.25	$1,667
Jun 1997	82	31	17.24	2.26	$1,484
May 1997	0	115	18.97	2.31	$265
Apr 1997	0	87	17.88	2.08	$181
Mar 1997	86	57	18.95	1.94	$1,740
Feb 1997	0	38	20.49	2.21	$84
Jan 1997	0	34	23.48	3.54	$120
Dec 1996	101	84	23.32	—	$2,355
Nov 1996	0	88	21.97	—	$0
Oct 1996	174	124	23.31	—	$4,056
Sep 1996	0	135	22.22	—	$0
Aug 1996	0	119	20.26	—	$0
Jul 1996	197	171	19.55	—	$3,851
Jun 1996	0	152	18.73	—	$0
May 1996	0	147	19.43	—	$0
Apr 1996	0	180	21.51	—	$0
Mar 1996	197	200	19.38	—	$3,818
Feb 1996	0	116	16.98	—	$0
Jan 1996	196	159	17.07	—	$3,346
Dec 1995	0	183	17.19	—	$0
Nov 1995	0	343	16.00	—	$0
Oct 1995	0	1,015	15.43	—	$0
Sep 1995	0	465	16.18	—	$0
Aug 1995	177	424	15.92	—	$2,818
Jul 1995	0	324	15.24	—	$0
Jun 1995	189	477	16.41	—	$3,101
May 1995	0	489	17.56	—	$0
Apr 1995	0	538	17.73	—	$0
Mar 1995	0	1,299	16.44	—	$0
Feb 1995	198	1,138	16.58	—	$3,283
Jan 1995	0	1,260	15.92	—	$0
Dec 1994	195	1,193	15.03	—	$2,931
Nov 1994	0	1,384	15.90	—	$0
Oct 1994	200	1,485	15.58	—	$3,116
Sep 1994	0	538	15.29	—	$0
Aug 1994	0	910	16.13	—	$0
Jul 1994	0	991	17.56	—	$0
Jun 1994	0	387	17.09	—	$0
May 1994	0	608	15.88	—	$0
Apr 1994	392	681	14.14	—	$5,543
Mar 1994	0	705	12.46	—	$0
Feb 1994	0	282	12.50	—	$0
Jan 1994	386	542	12.66	—	$4,887
Dec 1993	0	652	12.33	—	$0
Nov 1993	0	482	14.49	—	$0
Oct 1993	196	651	15.85	—	$3,107
Sep 1993	0	619	15.03	—	$0
Aug 1993	0	607	15.66	—	$0
Jul 1993	0	422	15.46	—	$0
Jun 1993	0	447	16.79	—	$0
May 1993	198	635	17.68	—	$3,501
Apr 1993	0	645	18.05	—	$0
Mar 1993	0	760	18.14	—	$0
Feb 1993	200	707	17.90	—	$3,580
Jan 1993	0	289	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.

Dec 2007 — as filed, then multipliedworked

Oil                  108 bbl  × $ 88.33 =     $9,540
Casinghead gas         0 Mcf  × $  7.30 =         $0

────────────────────────────────────────────────────
Month total                                   $9,540

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/O/6601 is the state's own key, not one this site invented.