REID
REID is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Hunt Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 72,668 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 $369K, with roughly $71K 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 73 barrels a month. Its strongest month on the record we hold was September 2024, at 538 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 REID
- Who operates REID?
- REID is operated by Hunt Oil Company, Railroad Commission of Texas operator number 416330.
- Where is REID?
- REID is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 16835.
- Is REID still producing?
- REID is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REID is August 2026.
- How much has REID produced?
- REID has reported 72,668 barrels of oil (bbl) to the Railroad Commission of Texas between August 2012 and August 2026, from 1 wellbore.
- How much is REID worth?
- The remaining production from REID is estimated to be worth about $369K in total as of 27 August 2026, within a range of $203K to $535K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REID is a fraction of it. The estimate fits an Arps decline curve to the production REID has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REID is an estimate of value, not an offer and not an appraisal.
- How much income does REID generate in a year?
- REID is forecast to net about $71K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in REID receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hunt Oil Company |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 16835 |
| Wellbores | 1 |
| Reported production | 72,668 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $369K |
Where REID 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.