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

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Property Summary

Key data points for Reed W.M. Gas Unit

CountyPanola County, TX
Production DatesJan 1993 - Jan 2025
Total Oil Production154,455 BBLs
Total Gas Production9,225,469 MCF
Recent Oil Production82 BBLs in Dec 2024
Recent Gas Production10,681 MCF in Dec 2024
Wells on Property8

Our Valuation Estimates for Reed W.M. Gas Unit

ShaleAssessment™

$45,210 *

MarketMultiple™

$42,936 **

* 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 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, TX32 BBLs753 MCFJan 2025
Cgu 3Panola County, TX0 BBLs49,294 MCFJan 2025
CopelandPanola County, TX219 BBLs5,605 MCFJan 2025
Gleason 1HPanola County, TX220 BBLs35,042 MCFJan 2025
Harrell JPanola County, TX53 BBLs17,493 MCFJan 2025
Harris-Hardin UnitPanola County, TX0 BBLs335 MCFJan 2025
Harrison R. Gas UnitPanola County, TX94 BBLs5,648 MCFJan 2025
Hopper NoPanola County, TX0 BBLs0 MCFNov 2016
Jeanette Harrell UnitPanola County, TX0 BBLs5,041 MCFJan 2025
KangarooPanola County, TX23 BBLs31,470 MCFJan 2025
MauritzenPanola County, TX609 BBLs23,410 MCFJan 2025
Powers BillPanola County, TX270 BBLs7,848 MCFJan 2025
ReedPanola County, TX0 BBLs4,553 MCFJan 2025
Reed A. JPanola County, TX0 BBLs536 MCFDec 2024
Reed EstatePanola County, TX250 BBLs14,644 MCFJan 2025
Robinson M. EPanola County, TX4 BBLs2,251 MCFJan 2025
S. W. Wilcots Gas UnitPanola County, TX40 BBLs7,117 MCFJan 2025
WedgeworthPanola County, TX161 BBLs5,672 MCFDec 2024
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 W.M. Gas Unit property.

Company Name
Amplify Energy Operating LLC
Anadarko E&P Company LP
Arco Oil & Gas Company
BP America Production Company
Chesapeake Operating, Inc.
Chevron USA Inc
Diversified Production LLC
Enron Oil & Gas Company
EOG Resources, Inc.
Fortson Oil Company
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
XTO Energy Inc.

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 2Sep 2024BPX OPERATING COMPANY
06-095987REED W. M. GAS UNIT 2Sep 2024BPX OPERATING COMPANY
06-095987REED W. M. GAS UNIT 2Sep 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-095987REED W. M. GAS UNIT 2Sep 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-114671REED W. M. GAS UNIT 3Sep 2024BPX OPERATING COMPANY
06-114671REED W. M. GAS UNIT 3Sep 2024BPX OPERATING COMPANY
06-114671REED W. M. GAS UNIT 3Sep 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-114671REED W. M. GAS UNIT 3Sep 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-130874REED W.M. GAS UNIT 4Sep 2024BPX OPERATING COMPANY
06-130874REED W.M. GAS UNIT 4Sep 2024BPX OPERATING COMPANY
06-130874REED W.M. GAS UNIT 4Sep 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-130874REED W.M. GAS UNIT 4Sep 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-139407REED W.M. GAS UNIT 6Sep 2024BPX OPERATING COMPANY
06-139407REED W.M. GAS UNIT 6Sep 2024BPX OPERATING COMPANY
06-139407REED W.M. GAS UNIT 6Sep 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-139407REED W.M. GAS UNIT 6Sep 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-165604REED W.M. GAS UNIT 8Sep 2024BPX OPERATING COMPANY
06-165604REED W.M. GAS UNIT 8Sep 2024BPX OPERATING COMPANY
06-165604REED W.M. GAS UNIT 8Sep 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-165604REED W.M. GAS UNIT 8Sep 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-213558REED. W.M. GAS UNIT 9Sep 2024BPX OPERATING COMPANY
06-213558REED. W.M. GAS UNIT 9Sep 2024BPX OPERATING COMPANY
06-213558REED. W.M. GAS UNIT 9Sep 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-213558REED. W.M. GAS UNIT 9Sep 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-095987REED W. M. GAS UNIT 2Aug 2024BPX OPERATING COMPANY