REED
REED is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Midgard Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from July 1996 to August 2026, totalling 1,338,035 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 a standard royalty share at about $2K, with roughly $292 expected over the next twelve months.
| Operator | Midgard Energy Company |
|---|---|
| Field | Lips, West (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 159585 |
| Wellbores | 1 |
| Reported production | 1,338,035 mcf |
| First reported | July 1996 |
| Last reported | August 2026 |
| Estimated royalty value | $2K |
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.