REED -B-
REED -B- is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Conocophillips Company. It has 5 wellbores on file with the Commission. Reported production runs from December 2011 to August 2026, totalling 61,558 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 $699K, with roughly $219K 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 331 barrels a month, about 66 per wellbore. Its strongest month on the record we hold was July 2018, at 851 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 -B-
- Who operates REED -B-?
- REED -B- is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is REED -B-?
- REED -B- is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41248.
- Is REED -B- still producing?
- REED -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REED -B- is August 2026.
- How much has REED -B- produced?
- REED -B- has reported 61,558 barrels of oil (bbl) to the Railroad Commission of Texas between December 2011 and August 2026, from 5 wellbores.
- How much is REED -B- worth?
- The remaining production from REED -B- is estimated to be worth about $699K in total as of 26 August 2026, within a range of $545K to $853K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REED -B- is a fraction of it. The estimate fits an Arps decline curve to the production REED -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REED -B- is an estimate of value, not an offer and not an appraisal.
- How much income does REED -B- generate in a year?
- REED -B- is forecast to net about $219K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REED -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | Howard Glasscock (Consolidated) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 41248 |
| Wellbores | 5 |
| Reported production | 61,558 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $699K |
Where REED -B- 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.