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 2025
Total Oil Production154,758 BBLs
Total Gas Production9,243,904 MCF
Recent Oil Production128 BBLs in Mar 2025
Recent Gas Production6,434 MCF in Mar 2025
Wells on Property8

Our Valuation Estimates for Reed W.M. Gas Unit

ShaleAssessment

$43,618 *

MarketMultiple

$43,298 **

* 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 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
42-365-32245REED W.M. GAS UNIT 7MMGL EAST TEXAS III, LLCSWR-10-WellPanola County, TX32.115955-94.472616
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
06-136850REED W.M. GAS UNIT 7MMGL EAST TEXAS III, LLCPanola 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
06-171241REED W.M. GAS UNIT 7MMGL 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, TX24 BBLs529 MCFApr 2025
Brown, HermanPanola County, TX41 BBLs2,207 MCFApr 2025
Cgu 3Panola County, TX0 BBLs43,298 MCFApr 2025
CopelandPanola County, TX321 BBLs6,560 MCFApr 2025
Gleason 1HPanola County, TX86 BBLs33,061 MCFApr 2025
Harrell JPanola County, TX5 BBLs19,884 MCFApr 2025
Harris-Hardin UnitPanola County, TX46 BBLs336 MCFApr 2025
Harrison R. Gas UnitPanola County, TX133 BBLs4,901 MCFApr 2025
Hopper NoPanola County, TX0 BBLs0 MCFNov 2016
KangarooPanola County, TX15 BBLs29,616 MCFApr 2025
MauritzenPanola County, TX449 BBLs23,636 MCFApr 2025
Powers BillPanola County, TX429 BBLs8,099 MCFApr 2025
ReedPanola County, TX0 BBLs6,402 MCFApr 2025
Reed A. JPanola County, TX0 BBLs0 MCFDec 2024
Reed EstatePanola County, TX161 BBLs19,257 MCFApr 2025
Robinson M. EPanola County, TX0 BBLs588 MCFApr 2025
S. W. Wilcots Gas UnitPanola County, TX59 BBLs7,078 MCFApr 2025
WedgeworthPanola County, TX65 BBLs2,873 MCFApr 2025
West ClaytonPanola County, TX17 BBLs1,053 MCFApr 2025
Wilcots S.WPanola County, TX0 BBLs2,033 MCFApr 2025

Owners of Reed W.M. Gas Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024BPX OPERATING COMPANYREED W M GAS UNIT #2-3-4-5-6BPX OPERATING CO
2024BPX OPERATING COMPANYREED W M GAS UNIT #2-3-4-5-6BPX OPERATING CO
2024BPX OPERATING COMPANYREED W M GAS UNIT #2-3-4-5-6BPX OPERATING CO
2024BPX OPERATING COMPANYREED W M GAS UNIT #2-3-4-5-6BPX OPERATING CO
2024BPX OPERATING COMPANYREED W M GAS UNIT #2-3-4-5-6BPX OPERATING CO
2024BPX OPERATING COMPANYREED W M GAS UNIT #9BPX OPERATING CO
2024REED ROYALTY TRUSTREED W M GAS UNIT #2-3-4-5-6BPX OPERATING CO
2024REED ROYALTY TRUSTREED W M GAS UNIT #2-3-4-5-6BPX OPERATING CO
Displaying 8 of 714 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