REED
REED is a Texas gas lease in Pecos County, Railroad Commission district 08, operated by Pure Resources, L.P. It has 1 wellbore on file with the Commission. Reported production runs from December 2000 to August 2026, totalling 5,083,037 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $211K, with roughly $39K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 1,766 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 7,099 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about REED
- Who operates REED?
- REED is operated by Pure Resources, L.P., Railroad Commission of Texas operator number 683080.
- Where is REED?
- REED is a Texas gas lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 180676.
- Is REED still producing?
- REED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REED is August 2026.
- How much has REED produced?
- REED has reported 5,083,037 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2000 and August 2026, from 1 wellbore.
- How much is REED worth?
- The remaining production from REED is estimated to be worth about $211K in total as of 26 August 2026, within a range of $175K to $246K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REED is a fraction of it. The estimate fits an Arps decline curve to the production REED has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REED is an estimate of value, not an offer and not an appraisal.
- How much income does REED generate in a year?
- REED is forecast to net about $39K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pure Resources, L.P. |
|---|---|
| Field | Petco (Wolfcamp) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 180676 |
| Wellbores | 1 |
| Reported production | 5,083,037 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $211K |
Where REED sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.