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 S.B. STREET OPERATING, INC. (P-5 740251) in the SAXON-GUION (MORRIS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 12383District 7BField 81318800OilCasinghead gasSave Export

Value, all time

$86 k

Jan 1993 – Nov 2009

Value, last 12 filed months

at the published price for each month

Months reported

203

no gaps in the span

Streams

oil, casinghead gas

The SAXON-GUION (MORRIS) 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 11 leases and 14 wells, and the rule below applies to all of them.

Discovered

1951-05-28

as the register files it

Field class

Oil

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 20 acres. The field rule took effect on 1989-01-01.

The Commission's schedule remark for this field reads: “EFF. 1/1/89 PER DKT#7B-92482.”

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	3,708 bbl	$70,527
Casinghead gas	Production	11,624 Mcf	$15,936
Total			$86,464

6,432 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 32.1332, -99.8152. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.13325, -99.81521 · 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

4,360 ft

1 wells filed one

Completion to plug

31.7 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 4,360 ft.

Completions filed

Aug 1974

1 of 1 wells

Plug dates filed

Apr 2006

1 of 1 wells

Last completion to plug: a median of 31.7 years across the 1 well that filed both dates, with the middle half between 31.7 years and 31.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-44130305	2	4,360 ft	Aug 1974	Apr 2006	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 (203)

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

203 months


Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	0	72.54	4.11	$0
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	0	0	46.77	3.59	$0
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	0	32.81	4.63	$0
Jan 2009	0	0	35.86	5.37	$0
Dec 2008	0	0	37.10	5.98	$0
Nov 2008	0	0	55.49	6.86	$0
Oct 2008	0	0	75.24	6.92	$0
Sep 2008	0	0	101.76	7.88	$0
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	0	0	88.33	7.30	$0
Nov 2007	0	0	91.67	7.29	$0
Oct 2007	0	0	82.85	6.92	$0
Sep 2007	0	0	75.84	6.24	$0
Aug 2007	0	0	69.06	6.39	$0
Jul 2007	0	0	70.90	6.39	$0
Jun 2007	0	0	62.00	7.55	$0
May 2007	0	0	58.74	7.85	$0
Apr 2007	0	0	59.61	7.81	$0
Mar 2007	0	0	56.92	7.30	$0
Feb 2007	0	0	55.10	8.22	$0
Jan 2007	0	0	50.30	6.73	$0
Dec 2006	0	0	56.65	6.92	$0
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	0	68.71	7.34	$0
Jul 2006	0	0	69.37	6.34	$0
Jun 2006	0	0	66.28	6.38	$0
May 2006	0	0	66.01	6.42	$0
Apr 2006	0	0	64.39	7.36	$0
Mar 2006	0	0	56.70	7.08	$0
Feb 2006	0	0	57.59	7.75	$0
Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	0	43.16	6.32	$0
Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	159	0	49.70	6.52	$7,902
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	1	29.76	5.13	$5
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	156	0	26.67	5.41	$4,161
Mar 2003	0	0	31.14	6.10	$0
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	2	30.31	5.58	$11
Dec 2002	0	1	26.91	4.85	$5
Nov 2002	0	1	24.66	4.14	$4
Oct 2002	0	5	26.46	4.23	$21
Sep 2002	0	10	27.44	3.64	$36
Aug 2002	0	17	25.96	3.16	$54
Jul 2002	0	29	24.58	3.06	$89
Jun 2002	0	33	23.73	3.34	$110
May 2002	0	29	24.66	3.58	$104
Apr 2002	0	32	23.65	3.51	$112
Mar 2002	0	43	22.00	3.10	$133
Feb 2002	0	68	18.22	2.38	$162
Jan 2002	23	108	17.17	2.38	$651
Dec 2001	0	80	16.93	2.36	$189
Nov 2001	10	108	18.07	2.41	$441
Oct 2001	0	52	19.78	2.53	$132
Sep 2001	0	8	24.26	2.25	$18
Aug 2001	0	6	24.87	3.05	$18
Jul 2001	174	12	23.93	3.20	$4,202
Jun 2001	0	55	24.56	3.82	$210
May 2001	0	91	25.52	4.31	$392
Apr 2001	0	66	24.68	5.34	$352
Mar 2001	0	64	24.54	5.38	$344
Feb 2001	0	41	27.75	5.77	$236
Jan 2001	0	62	27.47	8.40	$521
Dec 2000	0	61	26.88	9.12	$556
Nov 2000	0	73	32.21	5.66	$413
Oct 2000	0	54	31.23	5.15	$278
Sep 2000	0	96	31.87	5.19	$498
Aug 2000	0	61	29.64	4.54	$277
Jul 2000	0	9	28.53	4.09	$37
Jun 2000	0	95	29.30	4.40	$418
May 2000	0	190	27.26	3.68	$699
Apr 2000	0	93	24.51	3.12	$290
Mar 2000	0	254	28.42	2.86	$726
Feb 2000	0	195	27.62	2.73	$532
Jan 2000	0	361	25.27	2.48	$895
Dec 1999	0	149	24.28	2.42	$361
Nov 1999	165	210	23.19	2.43	$4,337
Oct 1999	0	19	20.98	2.80	$53
Sep 1999	0	158	21.75	2.62	$414
Aug 1999	0	105	19.26	2.88	$302
Jul 1999	0	56	17.89	2.37	$133
Jun 1999	0	84	15.94	2.36	$198
May 1999	0	55	15.79	2.32	$128
Apr 1999	0	93	15.10	2.21	$205
Mar 1999	0	103	12.47	1.84	$189
Feb 1999	0	28	9.98	1.82	$51
Jan 1999	0	28	10.38	1.90	$53
Dec 1998	0	14	9.20	1.77	$25
Nov 1998	0	7	10.89	2.19	$15
Oct 1998	0	1	12.42	1.97	$2
Sep 1998	0	1	12.59	2.08	$2
Aug 1998	160	4	11.30	1.91	$1,816
Jul 1998	0	49	11.74	2.24	$110
Jun 1998	0	6	11.24	2.24	$13
May 1998	0	84	12.62	2.21	$185
Apr 1998	0	92	13.04	2.51	$230
Mar 1998	0	98	12.80	2.31	$226
Feb 1998	0	82	13.95	2.30	$189
Jan 1998	0	4	14.70	2.15	$9
Dec 1997	0	51	16.32	2.41	$123
Nov 1997	0	91	18.19	3.09	$281
Oct 1997	0	106	19.25	3.15	$334
Sep 1997	0	58	17.74	2.95	$171
Aug 1997	0	20	17.86	2.55	$51
Jul 1997	171	151	17.58	2.25	$3,345
Jun 1997	0	37	17.24	2.26	$84
May 1997	0	99	18.97	2.31	$229
Apr 1997	0	78	17.88	2.08	$162
Mar 1997	172	107	18.95	1.94	$3,467
Feb 1997	0	110	20.49	2.21	$243
Jan 1997	0	188	23.48	3.54	$665
Dec 1996	129	119	23.32	—	$3,008
Nov 1996	0	214	21.97	—	$0
Oct 1996	0	99	23.31	—	$0
Sep 1996	0	96	22.22	—	$0
Aug 1996	89	81	20.26	—	$1,803
Jul 1996	0	75	19.55	—	$0
Jun 1996	0	91	18.73	—	$0
May 1996	90	79	19.43	—	$1,749
Apr 1996	0	73	21.51	—	$0
Mar 1996	0	67	19.38	—	$0
Feb 1996	0	68	16.98	—	$0
Jan 1996	91	43	17.07	—	$1,553
Dec 1995	0	51	17.19	—	$0
Nov 1995	93	65	16.00	—	$1,488
Oct 1995	0	77	15.43	—	$0
Sep 1995	0	71	16.18	—	$0
Aug 1995	91	89	15.92	—	$1,449
Jul 1995	0	117	15.24	—	$0
Jun 1995	93	174	16.41	—	$1,526
May 1995	0	167	17.56	—	$0
Apr 1995	94	163	17.73	—	$1,667
Mar 1995	97	129	16.44	—	$1,595
Feb 1995	0	129	16.58	—	$0
Jan 1995	98	126	15.92	—	$1,560
Dec 1994	0	133	15.03	—	$0
Nov 1994	89	132	15.90	—	$1,415
Oct 1994	0	131	15.58	—	$0
Sep 1994	92	140	15.29	—	$1,407
Aug 1994	91	178	16.13	—	$1,468
Jul 1994	0	170	17.56	—	$0
Jun 1994	0	82	17.09	—	$0
May 1994	94	88	15.88	—	$1,493
Apr 1994	0	145	14.14	—	$0
Mar 1994	87	177	12.46	—	$1,084
Feb 1994	95	157	12.50	—	$1,188
Jan 1994	90	160	12.66	—	$1,139
Dec 1993	0	187	12.33	—	$0
Nov 1993	89	184	14.49	—	$1,290
Oct 1993	92	229	15.85	—	$1,458
Sep 1993	92	207	15.03	—	$1,383
Aug 1993	95	220	15.66	—	$1,488
Jul 1993	0	190	15.46	—	$0
Jun 1993	93	171	16.79	—	$1,561
May 1993	88	163	17.68	—	$1,556
Apr 1993	92	191	18.05	—	$1,661
Mar 1993	90	166	18.14	—	$1,633
Feb 1993	93	172	17.90	—	$1,665
Jan 1993	91	196	16.93	—	$1,541

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 2004 — as filed, then multipliedworked

Oil                  159 bbl  × $ 49.70 =     $7,902
Casinghead gas         0 Mcf  × $  6.52 =         $0

────────────────────────────────────────────────────
Month total                                   $7,902

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. 7B/O/12383 is the state's own key, not one this site invented.