Reed W.M. Gas Unit

Oil & Gas Property in Panola County, TX

Property Summary

Key data points for Reed W.M. Gas Unit

CountyPanola County, TX
Production DatesJan 1993 - Apr 2026
Total Oil Production141,987 BBLs
Total Gas Production7,761,501 MCF
Recent Oil Production171 BBLs in Mar 2026
Recent Gas Production9,077 MCF in Mar 2026
Wells on Property7

Our Valuation Estimates for Reed W.M. Gas Unit

ShaleAssessment

$37,486 *

MarketMultiple

$60,506 **

* 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 Apr 2026

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 BBLs47 MCFApr 2026
Brown, HermanPanola County, TX46 BBLs2,321 MCFApr 2026
Cgu 3Panola County, TX0 BBLs56,977 MCFApr 2026
CopelandPanola County, TX197 BBLs5,382 MCFApr 2026
Gleason 1HPanola County, TX155 BBLs24,647 MCFApr 2026
Harrell JPanola County, TX100 BBLs10,583 MCFApr 2026
Harris-Hardin UnitPanola County, TX0 BBLs419 MCFApr 2026
Harrison R. Gas UnitPanola County, TX157 BBLs5,044 MCFApr 2026
Herman BrownPanola County, TX0 BBLs35,842 MCFApr 2026
Hopper NoPanola County, TX0 BBLs0 MCFNov 2016
Hopper-Copeland (Allocation)Panola County, TX0 BBLs8,424 MCFApr 2026
KangarooPanola County, TX0 BBLs25,759 MCFApr 2026
Powers BillPanola County, TX0 BBLs4,773 MCFApr 2026
ReedPanola County, TX0 BBLs6,662 MCFApr 2026
Reed A.J. EstatePanola County, TX0 BBLs0 MCFJan 2026
Reed EstatePanola County, TX151 BBLs11,654 MCFApr 2026
Robinson M. EPanola County, TX0 BBLs717 MCFApr 2026
S. W. Wilcots Gas UnitPanola County, TX27 BBLs5,835 MCFApr 2026
WedgeworthPanola County, TX69 BBLs2,318 MCFApr 2026
Wilcots S.WPanola County, TX0 BBLs1,718 MCFApr 2026

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 2Feb 2026MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Feb 2026MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Feb 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Feb 2026MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Feb 2026MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Feb 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5Feb 2026MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5Feb 2026MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5Feb 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6Feb 2026MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6Feb 2026MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6Feb 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8Feb 2026MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8Feb 2026MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8Feb 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9Feb 2026MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9Feb 2026MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9Feb 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4Feb 2026MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4Feb 2026MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4Feb 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Jan 2026MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Jan 2026MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Jan 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Jan 2026MMGL EAST TEXAS III, LLC