REEVES, HERMAN

Operated by UNIT PETROLEUM COMPANY (P-5 877099) in the TRUBY (STRAWN) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 27423District 7BField 91526666OilCasinghead gasSaveExport
Value, all time
$3.5 M
Jan 1995 – May 2013
Value, last 12 filed months
$0
at the published price for each month
Months reported
221
no gaps in the span
Streams
2
oil, casinghead gas

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 26 leases and 56 wells, and the rule below applies to all of them.

Discovered
1950-12-31
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.

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.

StreamBasisVolumeValue
OilDisposition116,294 bbl$2,734,093
Casinghead gasProduction256,759 Mcf$745,410
Total$3,479,503

53,960 Mcf of this lease's gas, across 24 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 (5)

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 32.6257, -99.9927. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

32.62561, -99.99266 · centre of the wells drawn, derived

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%
5 of 5 wells
With a plug date
100.0%
5 of 5 wells
Median depth
4,800 ft
5 wells filed one
Completion to plug
16.8 years
median over 5 wells

What the state filed about each well

On the RRC proration schedule
5100.0%
A plug date is filed
5100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
5100.0%
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

Between 4,779 and 4,820 ft, median 4,800 ft, over the 5 wells that filed a depth.

Completions filed
Jan 1995 – Apr 2000
5 of 5 wells
Plug dates filed
Jul 2007 – Feb 2013
5 of 5 wells

Last completion to plug: a median of 16.8 years across the 5 wells that filed both dates, with the middle half between 16.6 years and 17.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

5 wells

42-2533304054,800 ftApr 2000Jul 2007Yes
42-2533432744,820 ftJun 1996Jan 2013Yes
42-2533430434,800 ftApr 1996Jan 2013Yes
42-2530307924,793 ftJul 1995Jan 2013Yes
42-2533419214,779 ftJan 1995Feb 2013Yes

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 (221)

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

221 months

May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 201068070.364.91$4,784
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 201001573.585.44$82
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 2009109072.544.11$7,907
Sep 200905765.543.06$175
Aug 200916910967.423.22$11,745
Jul 200918112061.133.46$11,480
Jun 20093511666.163.90$2,767
May 200917712354.743.93$10,172
Apr 2009013746.773.59$491
Mar 20091685942.144.06$7,319
Feb 20091749732.814.63$6,158
Jan 200909735.865.37$521
Dec 20081619437.105.98$6,535
Nov 2008011455.496.86$782
Oct 20080075.246.92$0
Sep 200816796101.767.88$17,750
Aug 200818381114.228.48$21,589
Jul 20080129131.0811.39$1,469
Jun 2008180131131.3313.03$25,347
May 20080110123.1711.57$1,273
Apr 200816797110.3110.45$19,436
Mar 2008076101.909.66$734
Feb 20081835792.538.77$17,433
Jan 200808690.388.21$706
Dec 20071789088.337.30$16,380
Nov 200709591.677.29$693
Oct 200716511482.856.92$14,459
Sep 2007011875.846.24$737
Aug 200718815069.066.39$13,941
Jul 2007011870.906.39$754
Jun 2007014062.007.55$1,057
May 200717712658.747.85$11,386
Apr 2007012059.617.81$937
Mar 200718012256.927.30$11,136
Feb 200709955.108.22$813
Jan 20071839550.306.73$9,844
Dec 2006011556.656.92$796
Nov 200618413154.207.62$10,971
Oct 2006015254.906.01$914
Sep 200615615460.085.04$10,148
Aug 2006016568.717.34$1,211
Jul 200616918169.376.34$12,872
Jun 200615917866.286.38$11,675
May 2006018266.016.42$1,169
Apr 200617620264.397.36$12,819
Mar 2006019856.707.08$1,402
Feb 200601657.597.75$124
Jan 200617212460.598.93$11,529
Dec 2005017454.9413.42$2,334
Nov 200516517954.6910.59$10,919
Oct 200517919458.3413.80$13,119
Sep 2005056961.4512.08$6,873
Aug 200516364161.519.80$16,306
Jul 200534761655.697.84$24,156
Jun 20055291,24252.337.38$36,850
May 20053281,29545.226.65$23,445
Apr 20053691,18649.207.36$26,884
Mar 20054881,33150.377.15$34,104
Feb 20053541,18345.226.31$23,475
Jan 20056711,30743.166.32$37,223
Dec 20043141,18439.866.75$20,509
Nov 20045221,08345.286.33$30,492
Oct 20045181,19149.706.52$33,504
Sep 20043401,09843.245.28$20,503
Aug 20045191,28742.375.55$29,134
Jul 20045061,37638.286.08$27,742
Jun 20045261,37636.106.43$27,840
May 20045171,32337.486.49$27,969
Apr 20047041,25534.475.86$31,619
Mar 20043511,24034.365.53$18,918
Feb 20046861,13532.455.51$28,514
Jan 20045001,19032.036.30$23,512
Dec 20037091,32630.266.30$29,810
Nov 20035221,28928.804.60$20,957
Oct 20035331,43028.174.76$21,821
Sep 20035321,51626.314.75$21,197
Aug 20037111,61929.765.13$29,464
Jul 20035141,40829.415.17$22,397
Jun 20035001,25628.565.98$21,795
May 20036531,23126.595.97$24,716
Apr 20035211,11326.675.41$19,913
Mar 20036771,47031.146.10$30,043
Feb 20034981,22933.487.93$26,414
Jan 20036931,36330.315.58$28,613
Dec 20025311,35226.914.85$20,851
Nov 20025121,33824.664.14$18,161
Oct 20026831,48926.464.23$24,369
Sep 20025251,41427.443.64$19,546
Aug 20027131,50525.963.16$23,272
Jul 20025451,53324.583.06$18,090
Jun 20026641,58623.733.34$21,051
May 20028171,74824.663.58$26,412
Apr 20024511,05923.653.51$14,386
Mar 20024921,06622.003.10$14,132
Feb 20023231,08818.222.38$8,470
Jan 20025231,20517.172.38$11,843
Dec 20015211,26516.932.36$11,812
Nov 20013541,22918.072.41$9,353
Oct 20016511,24519.782.53$16,025
Sep 20013201,06824.262.25$10,168
Aug 200148281924.873.05$14,488
Jul 200117376223.933.20$6,576
Jun 200134491824.563.82$11,959
May 20014211,03225.524.31$15,189
Apr 20011671,19724.685.34$10,508
Mar 20013521,12224.545.38$14,670
Feb 20013401,28927.755.77$16,869
Jan 20013371,15227.478.40$18,933
Dec 20003491,18126.889.12$20,155
Nov 20003601,41532.215.66$19,602
Oct 20005101,86631.235.15$25,529
Sep 20003412,13531.875.19$21,941
Aug 20006941,83329.644.54$28,893
Jul 20003422,07028.534.09$18,223
Jun 20003452,06329.304.40$19,180
May 20005161,90027.263.68$21,058
Apr 20005191,90124.513.12$18,644
Mar 20005112,62228.422.86$22,021
Feb 20005002,43727.622.73$20,454
Jan 20006971,89725.272.48$22,319
Dec 19995381,09024.282.42$15,704
Nov 19995111,89523.192.43$16,463
Oct 19996972,03320.982.80$20,323
Sep 19993412,18521.752.62$13,139
Aug 19995152,38619.262.88$16,780
Jul 19996831,88917.892.37$16,700
Jun 19995061,74015.942.36$12,176
May 19995162,60115.792.32$14,185
Apr 19996752,65715.102.21$16,059
Mar 19996632,64312.471.84$13,126
Feb 19994932,4249.981.82$9,326
Jan 19996792,68610.381.90$12,151
Dec 19988622,6519.201.77$12,631
Nov 19986582,76510.892.19$13,209
Oct 19988602,98812.421.97$16,565
Sep 19986843,16312.592.08$15,199
Aug 19988563,34411.301.91$16,051
Jul 19986893,46711.742.24$15,845
Jun 19988563,29911.242.24$17,002
May 19988593,30612.622.21$18,135
Apr 19981,0193,11613.042.51$21,094
Mar 19981,0153,01712.802.31$19,960
Feb 19981,0352,75813.952.30$20,779
Jan 19981,0272,88414.702.15$21,311
Dec 19971,1982,75816.322.41$26,201
Nov 19971,1813,06718.193.09$30,954
Oct 19971,2023,30019.253.15$33,533
Sep 19971,3813,26817.742.95$34,155
Aug 19971,3703,21017.862.55$32,669
Jul 19971,3513,69917.582.25$32,062
Jun 19971,5683,43417.242.26$34,784
May 19971,4013,71218.972.31$35,146
Apr 19972,3983,74117.882.08$50,668
Mar 19971,7453,58618.951.94$40,022
Feb 19971,7403,36920.492.21$43,084
Jan 19971,9003,77623.483.54$57,978
Dec 19962,0604,01023.32$48,039
Nov 19962,0994,05021.97$46,115
Oct 19962,3974,69923.31$55,874
Sep 19962,0883,71922.22$46,395
Aug 19962,8033,31020.26$56,789
Jul 19963,1073,77119.55$60,742
Jun 19962,4482,30818.73$45,851
May 19961,9172,25919.43$37,247
Apr 19961,8681,73521.51$40,181
Mar 19961,3791,48319.38$26,725
Feb 19961,5231,73616.98$25,861
Jan 19961,8911,83717.07$32,279
Dec 19951,9042,20317.19$32,730
Nov 19952,1802,15516.00$34,880
Oct 19952,0082,21215.43$30,983
Sep 19951,8912,26816.18$30,596
Aug 19952,2222,42215.92$35,374
Jul 19952,1972,21615.24$33,482
Jun 199534042216.41$5,579
May 19951,0311,79617.56$18,104
Apr 199550739117.73$8,989
Mar 19951,0481,61516.44$17,229
Feb 19951,5791,34216.58$26,180
Jan 1995342115.92$5,445

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.

Jun 2010 — as filed, then multipliedworked
Oil                   68 bbl  × $ 70.36 =     $4,784
Casinghead gas         0 Mcf  × $  4.91 =         $0

────────────────────────────────────────────────────
Month total                                   $4,784

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/27423 is the state's own key, not one this site invented.