Reed

Oil & Gas Property in Panola County, TX

  2. Texas
  3. Panola County, TX
  4. Oil & Gas Properties in Panola County, TX
  5. Reed Oil & Gas Property

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Property Summary

Key data points for Reed

CountyPanola County, TX
Production DatesJan 1993 - Jul 2025
Total Oil Production23,672 BBLs
Total Gas Production4,276,094 MCF
Recent Oil Production0 BBLs in Jun 2025
Recent Gas Production5,329 MCF in Jun 2025
Wells on Property6

Our Valuation Estimates for Reed

ShaleAssessment™

$19,285 *

MarketMultiple™

$23,829 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Reed Production Graph

Aggregated production of all wells and leases associated with this property
Subscribe for Full Access Subscribe now to gain immediate access
to oil and gas production for Reed
from Jan 1993 to Jul 2025

Wells on Reed

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-365-01670REED W. M. 1CMMGL East Texas III, LLCTemp AbandonedPanola County, TX32.123114-94.469609
42-365-01674REED A. J. 1RFE OPERATING, LLCTemp AbandonedPanola County, TX32.127037-94.482813
42-365-32245REED, W.M. 7ARCO OIL & GAS CO.Plugged Gas WellPanola County, TX32.115955-94.472616
42-365-34194REED 2STRAND ENERGY, L.C.Plugged Oil WellPanola County, TX32.128740-94.502056
42-365-34336REED 3STRAND ENERGY, L.C.Plugged Gas WellPanola County, TX32.124150-94.499325
42-365-35740REED W. M. 9AHARLETON OIL & GAS INC.ProducingPanola County, TX32.123026-94.465114

Leases included in Reed

Lease #Lease NameOperatorCountyMonthly Gas Prod.
Lease #Lease NameOperatorCountyMonthly Gas Prod.
06-029797REED W. M. 1CMMGL East Texas III, LLCPanola County, TX
06-030128REED A. J. 1CLARK, G. C.Panola County, TX
06-030129REED W. M. 1CMMGL East Texas III, LLCPanola County, TX
06-030322REED A. J. 1RFE OPERATING, LLCPanola County, TX
06-136850REED, W.M. 7MMGL East Texas III, LLCPanola County, TX
06-13958REEDBASA RESOURCES, INC.Panola County, TX
06-15030REEDBASA RESOURCES, INC.Panola County, TX
06-171241REED, W.M. 7MMGL East Texas III, LLCPanola County, TX
06-177777REED 3BASA RESOURCES, INC.Panola County, TX
06-215982REED W. M. 9AHARLETON OIL & GAS INC.Panola County, TX
06-253451REED 3BASA RESOURCES, INC.Panola County, TX

Operators Associated With Reed

Nearby Properties

These are the closest 20 properties to the Reed property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bill Powers APanola County, TX0 BBLs72 MCFJul 2025
Cgu 3Panola County, TX0 BBLs45,348 MCFJul 2025
CopelandPanola County, TX202 BBLs5,228 MCFJul 2025
Gleason 1HPanola County, TX125 BBLs28,941 MCFJul 2025
Harrell JPanola County, TX0 BBLs10,093 MCFJul 2025
HarrisPanola County, TX0 BBLs3,264 MCFJul 2025
Harris-Hardin UnitPanola County, TX0 BBLs1,275 MCFJul 2025
Harrison R. Gas UnitPanola County, TX75 BBLs4,755 MCFJul 2025
Holland Gas Unit No. 1Panola County, TX0 BBLs847 MCFJul 2025
Hopper NoPanola County, TX0 BBLs0 MCFNov 2016
KangarooPanola County, TX0 BBLs27,847 MCFJul 2025
Powers BillPanola County, TX4 BBLs6,417 MCFJul 2025
Reed A.J. EstatePanola County, TX0 BBLs343 MCFJul 2025
Reed EstatePanola County, TX162 BBLs17,713 MCFJul 2025
Reed W.M. Gas UnitPanola County, TX63 BBLs5,857 MCFJul 2025
Robinson M. EPanola County, TX0 BBLs709 MCFJul 2025
S. W. Wilcots Gas UnitPanola County, TX25 BBLs6,801 MCFJul 2025
SmithPanola County, TX0 BBLs908 MCFJul 2025
West ClaytonPanola County, TX9 BBLs1,500 MCFJul 2025
Wilcots S.WPanola County, TX0 BBLs4,862 MCFJul 2025

Companies in the Area

These are the closest 20 companies operating near the Reed 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
Craton Energy Holdings III, LP
Enron Oil & Gas Company
EOG Resources, Inc.
Indigo Minerals LLC
M. E. Operating & Services, Inc.
MMGL East Texas III, LLC
Pedernales Petroleum Op, LLC
Preston Exploration LLC
Rfe Operating, LLC
Texaco E & P Inc
TGNR East Texas LLC
TGNR Panola LLC
Union Pacific Resources Co.
XTO Energy Inc.

Owners of Reed

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025BP AMERICA PROD CO (MIN-WI)REED W MHARLETON OIL & GAS
2025HARLETON OIL & GAS INC (MIN)REED W MHARLETON OIL & GAS
2025TGNR EAST TEXAS LLC (MIN-RI/ORREED W MHARLETON OIL & GAS
2025REED ROYALTY TRUSTREED W MHARLETON OIL & GAS
2025BP AMERICA PROD CO (MIN-RI/OR)REED W MHARLETON OIL & GAS
2025REED GRAVES LLCREED W MHARLETON OIL & GAS
2025REED JANELLEREED W MHARLETON OIL & GAS
2025GARRETT REBECCA HREED W MHARLETON OIL & GAS
Displaying 8 of 132 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Reed

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
06-215982REED W. M. 9AMar 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMar 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMar 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AFeb 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AFeb 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AFeb 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJan 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJan 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJan 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ADec 2024MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ADec 2024MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ADec 2024PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ANov 2024MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ANov 2024MMGL EAST TEXAS III, LLC
06-030129REED W. M. 1COct 2024BPX OPERATING COMPANY
06-030129REED W. M. 1COct 2024BPX OPERATING COMPANY
06-030129REED W. M. 1COct 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-030129REED W. M. 1COct 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-215982REED W. M. 9AOct 2024BPX OPERATING COMPANY
06-215982REED W. M. 9AOct 2024BPX OPERATING COMPANY
06-215982REED W. M. 9AOct 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY
06-215982REED W. M. 9AOct 2024BPX OPERATING COMPANYBPX OPERATING COMPANY
06-030129REED W. M. 1CSep 2024BPX OPERATING COMPANY
06-030129REED W. M. 1CSep 2024BPX OPERATING COMPANY
06-030129REED W. M. 1CSep 2024BP OIL SUPPLY COMPANYBPX OPERATING COMPANY