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 - Mar 2026
Total Oil Production141,835 BBLs
Total Gas Production7,752,534 MCF
Recent Oil Production96 BBLs in Feb 2026
Recent Gas Production7,918 MCF in Feb 2026
Wells on Property7

Our Valuation Estimates for Reed W.M. Gas Unit

ShaleAssessment

$37,943 *

MarketMultiple

$58,975 **

* 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 Mar 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, TX73 BBLs210 MCFMar 2026
Brown, HermanPanola County, TX24 BBLs2,097 MCFMar 2026
Cgu 3Panola County, TX0 BBLs49,124 MCFMar 2026
CopelandPanola County, TX0 BBLs0 MCFJan 2026
Gleason 1HPanola County, TX45 BBLs19,665 MCFMar 2026
Harrell JPanola County, TX117 BBLs8,997 MCFMar 2026
Harris-Hardin UnitPanola County, TX155 BBLs630 MCFMar 2026
Harrison R. Gas UnitPanola County, TX98 BBLs4,341 MCFMar 2026
Herman BrownPanola County, TX0 BBLs31,077 MCFMar 2026
Hopper NoPanola County, TX0 BBLs0 MCFNov 2016
Hopper-Copeland (Allocation)Panola County, TX3 BBLs8,139 MCFMar 2026
KangarooPanola County, TX34 BBLs24,066 MCFMar 2026
Powers BillPanola County, TX0 BBLs6,441 MCFMar 2026
ReedPanola County, TX0 BBLs4,515 MCFMar 2026
Reed A.J. EstatePanola County, TX0 BBLs0 MCFJan 2026
Reed EstatePanola County, TX209 BBLs9,988 MCFMar 2026
Robinson M. EPanola County, TX0 BBLs186 MCFMar 2026
S. W. Wilcots Gas UnitPanola County, TX58 BBLs5,281 MCFMar 2026
WedgeworthPanola County, TX91 BBLs1,757 MCFMar 2026
Wilcots S.WPanola County, TX0 BBLs4,398 MCFMar 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