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 - Mar 2026
Total Oil Production23,672 BBLs
Total Gas Production4,320,003 MCF
Recent Oil Production0 BBLs in Feb 2026
Recent Gas Production4,515 MCF in Feb 2026
Wells on Property6

Our Valuation Estimates for Reed

ShaleAssessment™

$17,610 *

MarketMultiple™

$28,820 **

* 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 Mar 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

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, TX73 BBLs210 MCFMar 2026
Cgu 3Panola County, TX0 BBLs49,124 MCFMar 2026
CopelandPanola County, TX0 BBLs0 MCFJan 2026
Gleason 1HPanola County, TX45 BBLs19,665 MCFMar 2026
Harrell JPanola County, TX117 BBLs8,997 MCFMar 2026
HarrisPanola County, TX76 BBLs3,871 MCFMar 2026
Harris-Hardin UnitPanola County, TX155 BBLs630 MCFMar 2026
Harrison R. Gas UnitPanola County, TX98 BBLs4,341 MCFMar 2026
Holland Gas Unit No. 1Panola County, TX0 BBLs0 MCFJan 2026
Hopper NoPanola County, TX0 BBLs0 MCFNov 2016
KangarooPanola County, TX34 BBLs24,066 MCFMar 2026
Powers BillPanola County, TX0 BBLs6,441 MCFMar 2026
Reed A.J. EstatePanola County, TX0 BBLs0 MCFJan 2026
Reed EstatePanola County, TX209 BBLs9,988 MCFMar 2026
Reed W.M. Gas UnitPanola County, TX96 BBLs7,918 MCFMar 2026
Robinson M. EPanola County, TX0 BBLs186 MCFMar 2026
S. W. Wilcots Gas UnitPanola County, TX58 BBLs5,281 MCFMar 2026
SmithPanola County, TX0 BBLs0 MCFJan 2026
West ClaytonPanola County, TX50 BBLs2,232 MCFMar 2026
Wilcots S.WPanola County, TX0 BBLs4,398 MCFMar 2026

Companies in the Area

These are the closest 20 companies operating near the Reed property.

Company Name
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
Eqv Operating LLC
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. 9AFeb 2026MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AFeb 2026MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AFeb 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJan 2026MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJan 2026MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AJan 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ADec 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ADec 2025MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9ADec 2025MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
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