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

Property Summary

Key data points for Reed W.M. Gas Unit

CountyPanola County, TX
Production DatesJan 1993 - Jun 2026
Total Oil Production142,313 BBLs
Total Gas Production7,780,098 MCF
Recent Oil Production163 BBLs in May 2026
Recent Gas Production9,392 MCF in May 2026
Wells on Property7

Our Valuation Estimates for Reed W.M. Gas Unit

ShaleAssessment™

$36,571 *

MarketMultiple™

$65,785 **

* 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 Jun 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, TX3 BBLs483 MCFJun 2026
Brown, HermanPanola County, TX37 BBLs2,251 MCFJun 2026
Cgu 3Panola County, TX0 BBLs37,490 MCFJun 2026
CopelandPanola County, TX239 BBLs5,497 MCFJun 2026
Gleason 1HPanola County, TX145 BBLs20,877 MCFJun 2026
Harrell JPanola County, TX95 BBLs13,216 MCFJun 2026
Harris-Hardin UnitPanola County, TX52 BBLs491 MCFJun 2026
Harrison R. Gas UnitPanola County, TX142 BBLs4,517 MCFJun 2026
Herman BrownPanola County, TX0 BBLs34,917 MCFJun 2026
Hopper-Copeland (Allocation)Panola County, TX0 BBLs8,156 MCFJun 2026
KangarooPanola County, TX0 BBLs25,220 MCFJun 2026
MauritzenPanola County, TX349 BBLs20,861 MCFJun 2026
Powers BillPanola County, TX62 BBLs7,205 MCFJun 2026
ReedPanola County, TX0 BBLs6,213 MCFJun 2026
Reed A.J. EstatePanola County, TX0 BBLs0 MCFJan 2026
Reed EstatePanola County, TX195 BBLs11,672 MCFJun 2026
Robinson M. EPanola County, TX0 BBLs308 MCFJun 2026
S. W. Wilcots Gas UnitPanola County, TX26 BBLs9,824 MCFJun 2026
WedgeworthPanola County, TX69 BBLs3,694 MCFJun 2026
Wilcots S.WPanola County, TX0 BBLs3,939 MCFJun 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
Comstock Oil & Gas, LLC
Diversified Production LLC
Enron Oil & Gas Company
Eqv Operating LLC
Harleton Oil & Gas Inc.
Indigo Minerals LLC
MMGL East Texas III, LLC
Preston Exploration LLC
Rfe Operating, 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
2026MERIT ENERGY COMPANYREED W M GAS UNIT #2-3-4-6MMGL EAST TEXAS III
2026MERIT ENERGY COMPANYREED W M GAS UNIT #2-3-4-6MMGL EAST TEXAS III
2026MERIT ENERGY COMPANYREED W M GAS UNIT #2-3-4-6MMGL EAST TEXAS III
2026MERIT ENERGY COMPANYREED W M GAS UNIT #2-3-4-6MMGL EAST TEXAS III
2026MERIT ENERGY COMPANYREED W M GAS UNIT #9MMGL EAST TEXAS III
2026MERIT ENERGY COMPANYREED W M GAS UNIT #5MMGL EAST TEXAS III
2026MERIT ENERGY COMPANYREED W M GAS UNIT #8MMGL EAST TEXAS III
2026REED ROYALTY TRUSTREED W M GAS UNIT #2-3-4-6MMGL EAST TEXAS III
Displaying 8 of 645 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 2May 2026MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2May 2026MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2May 2026PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3May 2026MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3May 2026MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3May 2026PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5May 2026MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5May 2026MMGL EAST TEXAS III, LLC
06-130628REED W.M. GAS UNIT 5May 2026PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6May 2026MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6May 2026MMGL EAST TEXAS III, LLC
06-139407REED W.M. GAS UNIT 6May 2026PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8May 2026MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8May 2026MMGL EAST TEXAS III, LLC
06-165604REED W.M. GAS UNIT 8May 2026PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9May 2026MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9May 2026MMGL EAST TEXAS III, LLC
06-213558REED. W.M. GAS UNIT 9May 2026PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4May 2026MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4May 2026MMGL EAST TEXAS III, LLC
06-225221REED W.M. GAS UNIT 4May 2026PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Apr 2026MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Apr 2026MMGL EAST TEXAS III, LLC
06-095987REED W. M. GAS UNIT 2Apr 2026PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-114671REED W. M. GAS UNIT 3Apr 2026MMGL EAST TEXAS III, LLC