RAY REED 32
RAY REED 32 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Pioneer Natural Res. Usa, Inc. It has 12 wellbores on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 5,329,434 barrels. 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 $1.5M, with roughly $367K expected over the next twelve months.
| Operator | Pioneer Natural Res. Usa, Inc. |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 20252 |
| Wellbores | 12 |
| Reported production | 5,329,434 bbl |
| First reported | December 2018 |
| Last reported | August 2026 |
| Estimated royalty value | $1.5M |
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.