REED 31
REED 31 is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by Linn Operating, Inc. It has 3 wellbores on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 249,372 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 $23K, with roughly $4K expected over the next twelve months.
| Operator | Linn Operating, Inc. |
|---|---|
| Field | Mills Ranch (Granite Wash Cons.) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 08879 |
| Wellbores | 3 |
| Reported production | 249,372 bbl |
| First reported | August 2012 |
| Last reported | August 2026 |
| Estimated royalty value | $23K |
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.