REED 1 B
REED 1 B is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Diamondback E&P Llc. It has 1 wellbore on file with the Commission. Reported production runs from June 2018 to August 2026, totalling 324,575 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 $24K, with roughly $4K expected over the next twelve months.
| Operator | Diamondback E&P Llc |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 51709 |
| Wellbores | 1 |
| Reported production | 324,575 bbl |
| First reported | June 2018 |
| Last reported | August 2026 |
| Estimated royalty value | $24K |
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.