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 - Jun 2026
Total Oil Production23,672 BBLs
Total Gas Production4,338,883 MCF
Recent Oil Production0 BBLs in May 2026
Recent Gas Production6,213 MCF in May 2026
Wells on Property6

Our Valuation Estimates for Reed

ShaleAssessment™

$17,041 *

MarketMultiple™

$29,107 **

* 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 Jun 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, TX3 BBLs483 MCFJun 2026
Cgu 3Panola County, TX0 BBLs37,490 MCFJun 2026
CopelandPanola County, TX239 BBLs5,497 MCFJun 2026
Davis S.L. Gas UnitPanola County, TX245 BBLs5,802 MCFJun 2026
Gleason 1HPanola County, TX145 BBLs20,877 MCFJun 2026
Harrell JPanola County, TX95 BBLs13,216 MCFJun 2026
HarrisPanola County, TX81 BBLs4,665 MCFJun 2026
Harris-Hardin UnitPanola County, TX52 BBLs491 MCFJun 2026
Harrison R. Gas UnitPanola County, TX142 BBLs4,517 MCFJun 2026
Holland Gas Unit No. 1Panola County, TX4 BBLs813 MCFJun 2026
KangarooPanola County, TX0 BBLs25,220 MCFJun 2026
Powers BillPanola County, TX62 BBLs7,205 MCFJun 2026
Reed A.J. EstatePanola County, TX0 BBLs0 MCFJan 2026
Reed EstatePanola County, TX195 BBLs11,672 MCFJun 2026
Reed W.M. Gas UnitPanola County, TX163 BBLs9,392 MCFJun 2026
Robinson M. EPanola County, TX0 BBLs308 MCFJun 2026
S. W. Wilcots Gas UnitPanola County, TX26 BBLs9,824 MCFJun 2026
SmithPanola County, TX24 BBLs3,420 MCFJun 2026
West ClaytonPanola County, TX72 BBLs3,090 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 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
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
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

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2026BP AMERICA PROD CO (MIN-WI)REED W MHARLETON OIL & GAS
2026HARLETON OIL & GAS INC (MIN)REED W MHARLETON OIL & GAS
2026TGNR EAST TEXAS LLC (MIN-RI/ORREED W MHARLETON OIL & GAS
2026REED ROYALTY TRUSTREED W MHARLETON OIL & GAS
2026BP AMERICA PROD CO (MIN-RI/OR)REED W MHARLETON OIL & GAS
2026REED GRAVES LLCREED W MHARLETON OIL & GAS
2026REED DANNY GLENNREED W MHARLETON OIL & GAS
2026DUKE CAROLYN HREED W MHARLETON OIL & GAS
Displaying 8 of 134 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. 9AMay 2026MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMay 2026MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMay 2026PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AApr 2026MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AApr 2026MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AApr 2026PLAINS MARKETING, L.P.MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMar 2026MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMar 2026MMGL EAST TEXAS III, LLC
06-215982REED W. M. 9AMar 2026MIDCON GATHERING LLCMMGL EAST TEXAS III, LLC
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