Reed

Oil & Gas Property in Panola County, TX

Property Summary

Key data points for Reed

CountyPanola County, TX
Production DatesJan 1993 - Jan 2026
Total Oil Production23,672 BBLs
Total Gas Production4,308,843 MCF
Recent Oil Production0 BBLs in Dec 2025
Recent Gas Production5,907 MCF in Dec 2025
Wells on Property6

Our Valuation Estimates for Reed

ShaleAssessment

$17,987 *

MarketMultiple

$24,558 **

* 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 Jan 2026

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

Nearby Properties

These are the closest 20 properties to the Reed property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bill Powers APanola County, TX20 BBLs806 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
HarrisPanola County, TX0 BBLs4,970 MCFJan 2026
Harris-Hardin UnitPanola County, TX65 BBLs632 MCFJan 2026
Harrison R. Gas UnitPanola County, TX115 BBLs4,929 MCFJan 2026
Holland Gas Unit No. 1Panola County, TX39 BBLs1,058 MCFDec 2025
Hopper NoPanola County, TX0 BBLs0 MCFNov 2016
KangarooPanola County, TX0 BBLs27,733 MCFJan 2026
Powers BillPanola County, TX36 BBLs5,222 MCFJan 2026
Reed A.J. EstatePanola County, TX0 BBLs302 MCFJan 2026
Reed EstatePanola County, TX172 BBLs12,101 MCFJan 2026
Reed W.M. Gas UnitPanola County, TX127 BBLs9,605 MCFJan 2026
Robinson M. EPanola County, TX0 BBLs561 MCFJan 2026
S. W. Wilcots Gas UnitPanola County, TX78 BBLs7,986 MCFJan 2026
SmithPanola County, TX10 BBLs945 MCFDec 2025
West ClaytonPanola County, TX14 BBLs2,440 MCFJan 2026
Wilcots S.WPanola County, TX0 BBLs3,786 MCFJan 2026

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. 9ANov 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ANov 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ANov 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AOct 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AOct 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AOct 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ASep 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ASep 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ASep 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AAug 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AAug 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AAug 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJul 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJul 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJul 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJun 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJun 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJun 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMay 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMay 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMay 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AApr 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AApr 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AApr 2025PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMar 2025MMGL EAST TEXAS III, LLC