REED-STATE
REED-STATE is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Drake Oil Co. It has 9 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 42,966 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 $18K, with roughly $4K expected over the next twelve months.
| Operator | Drake Oil Co. |
|---|---|
| Field | Toborg |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 06798 |
| Wellbores | 9 |
| Reported production | 42,966 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $18K |
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.