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

Map of Wells Full Screen Map 3-D Map

Property Summary

Key data points for Reed W.M. Gas Unit

CountyPanola County, TX
Production DatesJan 1993 - Jan 2026
Total Oil Production141,568 BBLs
Total Gas Production7,735,539 MCF
Recent Oil Production127 BBLs in Dec 2025
Recent Gas Production9,605 MCF in Dec 2025
Wells on Property7

Our Valuation Estimates for Reed W.M. Gas Unit

ShaleAssessment™

$38,854 *

MarketMultiple™

$44,953 **

* 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 Jan 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, TX20 BBLs806 MCFJan 2026
Brown, HermanPanola County, TX35 BBLs2,477 MCFJan 2026
Cgu 3Panola County, TX0 BBLs41,256 MCFJan 2026
CopelandPanola County, TX282 BBLs6,443 MCFDec 2025
Gleason 1HPanola County, TX87 BBLs24,655 MCFJan 2026
Harrell JPanola County, TX0 BBLs12,198 MCFJan 2026
Harris-Hardin UnitPanola County, TX65 BBLs632 MCFJan 2026
Harrison R. Gas UnitPanola County, TX115 BBLs4,929 MCFJan 2026
Herman BrownPanola County, TX0 BBLs32,446 MCFJan 2026
Hopper NoPanola County, TX0 BBLs0 MCFNov 2016
Hopper-Copeland (Allocation)Panola County, TX0 BBLs9,278 MCFJan 2026
KangarooPanola County, TX0 BBLs27,733 MCFJan 2026
Powers BillPanola County, TX36 BBLs5,222 MCFJan 2026
ReedPanola County, TX0 BBLs5,907 MCFJan 2026
Reed A.J. EstatePanola County, TX0 BBLs302 MCFJan 2026
Reed EstatePanola County, TX172 BBLs12,101 MCFJan 2026
Robinson M. EPanola County, TX0 BBLs561 MCFJan 2026
S. W. Wilcots Gas UnitPanola County, TX78 BBLs7,986 MCFJan 2026
WedgeworthPanola County, TX105 BBLs4,003 MCFJan 2026
Wilcots S.WPanola County, TX0 BBLs3,786 MCFJan 2026

Companies in the Area

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

Company Name
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
Eqv Operating LLC
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 2Nov 2025MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Nov 2025MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Nov 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Nov 2025MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Nov 2025MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Nov 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5Nov 2025MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5Nov 2025MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5Nov 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6Nov 2025MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6Nov 2025MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6Nov 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8Nov 2025MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8Nov 2025MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8Nov 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9Nov 2025MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9Nov 2025MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9Nov 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4Nov 2025MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4Nov 2025MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4Nov 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Oct 2025MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Oct 2025MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Oct 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Oct 2025MMGL EAST TEXAS III, LLC