Reed

Oil & Gas Property in Panola County, TX

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

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Property Summary

Key data points for Reed

CountyPanola County, TX
Production DatesSep 1999 - Jan 2025
Total Oil Production9,348 BBLs
Total Gas Production2,417,444 MCF
Recent Oil Production0 BBLs in Dec 2024
Recent Gas Production4,553 MCF in Dec 2024
Wells on Property4

Our Valuation Estimates for Reed

ShaleAssessment™

Not Available

MarketMultiple™

$14,751 **

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

Based on a decimal interest

Reed Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Reed
from Sep 1999 to Jan 2025

Wells on Reed

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-365-01670REED W. M. 1CMMGL EAST TEXAS III, LLCTemp AbandonedPanola County, TX32.123114-94.469609
42-365-34194REED 2STRAND ENERGY, L.C.Plugged Oil WellPanola County, TX32.128740-94.502056
42-365-34336REED 3STRAND ENERGY, L.C.Plugged Gas WellPanola County, TX32.124150-94.499325
42-365-35740REED W. M. 9AHARLETON OIL & GAS INC.ProducingPanola County, TX32.123026-94.465114

Leases included in Reed

Lease #Lease NameOperatorCountyMonthly Gas Prod.
06-029797REED W. M. 1CMMGL EAST TEXAS III, LLCPanola County, TX
06-030129REED W. M. 1CMMGL EAST TEXAS III, LLCPanola County, TX
06-13958REEDBASA RESOURCES, INC.Panola County, TX
06-15030REEDBASA RESOURCES, INC.Panola County, TX
06-177777REED 3BASA RESOURCES, INC.Panola County, TX
06-215982REED W. M. 9AHARLETON OIL & GAS INC.Panola County, TX
06-253451REED 3BASA RESOURCES, INC.Panola County, TX

Operators Associated With Reed

Nearby Properties

These are the closest 20 properties to the Reed property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bill Powers APanola County, TX32 BBLs753 MCFJan 2025
Cgu 3Panola County, TX0 BBLs49,294 MCFJan 2025
Gleason 1HPanola County, TX220 BBLs35,042 MCFJan 2025
Harrell JPanola County, TX53 BBLs17,493 MCFJan 2025
HarrisPanola County, TX6 BBLs5,904 MCFJan 2025
Harris-Hardin UnitPanola County, TX0 BBLs335 MCFJan 2025
Harrison R. Gas UnitPanola County, TX94 BBLs5,648 MCFJan 2025
Holland Gas Unit No. 1Panola County, TX14 BBLs1,944 MCFJan 2025
Jeanette Harrell UnitPanola County, TX0 BBLs5,041 MCFJan 2025
KangarooPanola County, TX23 BBLs31,470 MCFJan 2025
Powers BillPanola County, TX270 BBLs7,848 MCFJan 2025
Reed A. JPanola County, TX0 BBLs536 MCFDec 2024
Reed EstatePanola County, TX250 BBLs14,644 MCFJan 2025
Reed W.M. Gas UnitPanola County, TX82 BBLs10,681 MCFJan 2025
Robinson M. EPanola County, TX4 BBLs2,251 MCFJan 2025
RoquemorePanola County, TX32 BBLs5,894 MCFJan 2025
S. W. Wilcots Gas UnitPanola County, TX40 BBLs7,117 MCFJan 2025
SmithPanola County, TX31 BBLs2,425 MCFJan 2025
West ClaytonPanola County, TX12 BBLs3,666 MCFJan 2025
Wilcots S.WPanola County, TX0 BBLs4,991 MCFJan 2025

Companies in the Area

These are the closest 20 companies operating near the Reed property.

Company Name
Amplify Energy Operating LLC
Anadarko E&P Company LP
Arcadia Expl. & Prod. Company
Arco Oil & Gas Company
BP America Production Company
Chesapeake Operating, Inc.
Chevron USA Inc
Craton Energy Holdings III, LP
EOG Resources, Inc.
Indigo Minerals LLC
M. E. Operating & Services, Inc.
McBride Operating LLC
MMGL East Texas III, LLC
Pedernales Petroleum Op, LLC
Preston Exploration LLC
Rfe Operating, LLC
Strand Energy, L.C.
Texaco E & P Inc
TGNR East Texas LLC
XTO Energy Inc.

Owners of Reed

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024BP AMERICA PROD CO (MIN-WI)REED W MHARLETON OIL & GAS
2024HARLETON OIL & GAS INC (MIN)REED W MHARLETON OIL & GAS
2024TGNR EAST TEXAS LLC (MIN-RI/ORREED W MHARLETON OIL & GAS
2024REED ROYALTY TRUSTREED W MHARLETON OIL & GAS
2024BPX OPERATING COMPANYREED W M GAS UNIT #7BPX OPERATING CO
2024BP AMERICA PROD CO (MIN-RI/OR)REED W MHARLETON OIL & GAS
2024REED GRAVES LLCREED W MHARLETON OIL & GAS
2024REED JANELLEREED W MHARLETON OIL & GAS
Displaying 8 of 130 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Reed

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
06-030129REED W. M. 1CSep 2024BPX OPERATING COMPANY
06-030129REED W. M. 1CSep 2024BPX OPERATING COMPANY
06-030129REED W. M. 1CSep 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-030129REED W. M. 1CSep 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-215982REED W. M. 9ASep 2024BPX OPERATING COMPANY
06-215982REED W. M. 9ASep 2024BPX OPERATING COMPANY
06-215982REED W. M. 9ASep 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-215982REED W. M. 9ASep 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-030129REED W. M. 1CAug 2024BPX OPERATING COMPANY
06-030129REED W. M. 1CAug 2024BPX OPERATING COMPANY
06-030129REED W. M. 1CAug 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-030129REED W. M. 1CAug 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-215982REED W. M. 9AAug 2024BPX OPERATING COMPANY
06-215982REED W. M. 9AAug 2024BPX OPERATING COMPANY
06-215982REED W. M. 9AAug 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-215982REED W. M. 9AAug 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-030129REED W. M. 1CJul 2024BPX OPERATING COMPANY
06-030129REED W. M. 1CJul 2024BPX OPERATING COMPANY
06-030129REED W. M. 1CJul 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-030129REED W. M. 1CJul 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-215982REED W. M. 9AJul 2024BPX OPERATING COMPANY
06-215982REED W. M. 9AJul 2024BPX OPERATING COMPANY
06-215982REED W. M. 9AJul 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-215982REED W. M. 9AJul 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-030129REED W. M. 1CJun 2024BPX OPERATING COMPANY