REED BROTHERS DE
REED BROTHERS DE is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Merit Energy Company. It has 20 wellbores on file with the Commission. Reported production runs from December 2011 to August 2026, totalling 221,355 barrels. 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 $2.0M, with roughly $642K 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 1,003 barrels a month, about 50 per wellbore. Its strongest month on the record we hold was June 2016, at 1,878 barrels. 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 BROTHERS DE
- Who operates REED BROTHERS DE?
- REED BROTHERS DE is operated by Merit Energy Company, Railroad Commission of Texas operator number 561136.
- Where is REED BROTHERS DE?
- REED BROTHERS DE is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41054.
- Is REED BROTHERS DE still producing?
- REED BROTHERS DE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REED BROTHERS DE is August 2026.
- How much has REED BROTHERS DE produced?
- REED BROTHERS DE has reported 221,355 barrels of oil (bbl) to the Railroad Commission of Texas between December 2011 and August 2026, from 20 wellbores.
- How much is REED BROTHERS DE worth?
- The remaining production from REED BROTHERS DE is estimated to be worth about $2.0M in total as of 27 August 2026, within a range of $1.6M to $2.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REED BROTHERS DE is a fraction of it. The estimate fits an Arps decline curve to the production REED BROTHERS DE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REED BROTHERS DE is an estimate of value, not an offer and not an appraisal.
- How much income does REED BROTHERS DE generate in a year?
- REED BROTHERS DE is forecast to net about $642K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in REED BROTHERS DE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Merit Energy Company |
|---|---|
| Field | Howard Glasscock (Consolidated) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 41054 |
| Wellbores | 20 |
| Reported production | 221,355 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.0M |
Where REED BROTHERS DE 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.