Reed W.M. Gas Unit

Oil & Gas Property in Panola County, TX

  2. Texas
  3. Panola County, TX
  4. Oil & Gas Properties in Panola County, TX
  5. Reed W.M. Gas Unit Oil & Gas Property

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Property Summary

Key data points for Reed W.M. Gas Unit

CountyPanola County, TX
Production DatesJan 1993 - Sep 2025
Total Oil Production141,040 BBLs
Total Gas Production7,698,520 MCF
Recent Oil Production84 BBLs in Aug 2025
Recent Gas Production7,541 MCF in Aug 2025
Wells on Property7

Our Valuation Estimates for Reed W.M. Gas Unit

ShaleAssessment™

$40,948 *

MarketMultiple™

$41,290 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Reed W.M. Gas Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Reed W.M. Gas Unit
from Jan 1993 to Sep 2025

Wells on Reed W.M. Gas Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-365-31241REED W. M. GAS UNIT 2MMGL East Texas III, LLCProducingPanola County, TX32.120740-94.470539
42-365-31679REED W. M. GAS UNIT 3MMGL East Texas III, LLCProducingPanola County, TX32.117522-94.470765
42-365-32003REED W.M. GAS UNIT 4MMGL East Texas III, LLCProducingPanola County, TX32.119025-94.465944
42-365-32004REED W.M. GAS UNIT 5MMGL East Texas III, LLCProducingPanola County, TX32.126173-94.466544
42-365-32334REED W.M. GAS UNIT 6MMGL East Texas III, LLCProducingPanola County, TX32.128439-94.478678
42-365-33708REED W.M. GAS UNIT 8MMGL East Texas III, LLCProducingPanola County, TX32.119243-94.472004
42-365-35453REED. W.M. GAS UNIT 9MMGL East Texas III, LLCProducingPanola County, TX32.122968-94.464791

Leases included in Reed W.M. Gas Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
06-095987REED W. M. GAS UNIT 2MMGL East Texas III, LLCPanola County, TX
06-114671REED W. M. GAS UNIT 3MMGL East Texas III, LLCPanola County, TX
06-130628REED W.M. GAS UNIT 5MMGL East Texas III, LLCPanola County, TX
06-130874REED W.M. GAS UNIT 4BP AMERICA PRODUCTION COMPANYPanola County, TX
06-139407REED W.M. GAS UNIT 6MMGL East Texas III, LLCPanola County, TX
06-165604REED W.M. GAS UNIT 8MMGL East Texas III, LLCPanola County, TX
06-213558REED. W.M. GAS UNIT 9MMGL East Texas III, LLCPanola County, TX
06-225221REED W.M. GAS UNIT 4MMGL East Texas III, LLCPanola County, TX

Operators Associated With Reed W.M. Gas Unit

Nearby Properties

These are the closest 20 properties to the Reed W.M. Gas Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bill Powers APanola County, TX0 BBLs102 MCFSep 2025
Brown, HermanPanola County, TX30 BBLs2,453 MCFSep 2025
Cgu 3Panola County, TX0 BBLs47,484 MCFAug 2025
CopelandPanola County, TX222 BBLs5,850 MCFSep 2025
Gleason 1HPanola County, TX166 BBLs31,696 MCFSep 2025
Harrell JPanola County, TX0 BBLs0 MCFJul 2025
Harris-Hardin UnitPanola County, TX0 BBLs1,142 MCFSep 2025
Harrison R. Gas UnitPanola County, TX84 BBLs4,726 MCFSep 2025
Herman BrownPanola County, TX0 BBLs37,756 MCFSep 2025
Hopper NoPanola County, TX0 BBLs0 MCFNov 2016
Hopper-Copeland (Allocation)Panola County, TX2 BBLs7,568 MCFSep 2025
KangarooPanola County, TX7 BBLs28,190 MCFAug 2025
Powers BillPanola County, TX0 BBLs5,608 MCFSep 2025
ReedPanola County, TX0 BBLs4,822 MCFSep 2025
Reed A.J. EstatePanola County, TX0 BBLs288 MCFAug 2025
Reed EstatePanola County, TX40 BBLs19,237 MCFSep 2025
Robinson M. EPanola County, TX0 BBLs182 MCFSep 2025
S. W. Wilcots Gas UnitPanola County, TX0 BBLs4,071 MCFSep 2025
WedgeworthPanola County, TX36 BBLs3,178 MCFSep 2025
Wilcots S.WPanola County, TX0 BBLs2,444 MCFSep 2025

Companies in the Area

These are the closest 20 companies operating near the Reed W.M. Gas Unit property.

Company Name
Amplify Energy Operating LLC
Anadarko E&P Company LP
Arco Oil & Gas Company
BP America Production Company
Chesapeake Operating, Inc.
Chevron USA Inc
Enron Oil & Gas Company
EOG Resources Inc
Harleton Oil & Gas Inc.
Indigo Minerals LLC
MMGL East Texas III, LLC
Preston Exploration LLC
Rfe Operating, LLC
Sheridan Production Co III, LLC
Strand Energy, L.C.
Texaco E & P Inc.
TGNR East Texas LLC
TGNR Panola LLC
Union Pacific Resources Co.
XTO Energy Inc.

Owners of Reed W.M. Gas Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025MERIT ENERGY COMPANYREED W M GAS UNIT #2-3-4-5-6MMGL EAST TEXAS III
2025MERIT ENERGY COMPANYREED W M GAS UNIT #2-3-4-5-6MMGL EAST TEXAS III
2025MERIT ENERGY COMPANYREED W M GAS UNIT #2-3-4-5-6MMGL EAST TEXAS III
2025MERIT ENERGY COMPANYREED W M GAS UNIT #2-3-4-5-6MMGL EAST TEXAS III
2025MERIT ENERGY COMPANYREED W M GAS UNIT #2-3-4-5-6MMGL EAST TEXAS III
2025MERIT ENERGY COMPANYREED W M GAS UNIT #9MMGL EAST TEXAS III
2025REED ROYALTY TRUSTREED W M GAS UNIT #2-3-4-5-6MMGL EAST TEXAS III
2025REED ROYALTY TRUSTREED W M GAS UNIT #2-3-4-5-6MMGL EAST TEXAS III
Displaying 8 of 806 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Reed W.M. Gas Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
06-095987REED W. M. GAS UNIT 2Mar 2025MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Mar 2025MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Mar 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Mar 2025MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Mar 2025MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Mar 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5Mar 2025MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5Mar 2025MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5Mar 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6Mar 2025MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6Mar 2025MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6Mar 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8Mar 2025MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8Mar 2025MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8Mar 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9Mar 2025MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9Mar 2025MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9Mar 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4Mar 2025MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4Mar 2025MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4Mar 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Feb 2025MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Feb 2025MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Feb 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Feb 2025MMGL EAST TEXAS III, LLC