REED, BOBBY GAS UNIT
REED, BOBBY GAS UNIT is a Texas gas lease in Limestone County, Railroad Commission district 05, operated by Berry Oil Comp. It has 1 wellbore on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 670,345 thousand cubic feet. 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 $144K, with roughly $22K 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 940 thousand cubic feet a month. Its strongest month on the record we hold was April 2017, at 2,624 thousand cubic feet. 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, BOBBY GAS UNIT
- Who operates REED, BOBBY GAS UNIT?
- REED, BOBBY GAS UNIT is operated by Berry Oil Comp., Railroad Commission of Texas operator number 068157.
- Where is REED, BOBBY GAS UNIT?
- REED, BOBBY GAS UNIT is a Texas gas lease in Limestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 245118.
- Is REED, BOBBY GAS UNIT still producing?
- REED, BOBBY GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REED, BOBBY GAS UNIT is August 2026.
- How much has REED, BOBBY GAS UNIT produced?
- REED, BOBBY GAS UNIT has reported 670,345 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2008 and August 2026, from 1 wellbore.
- How much is REED, BOBBY GAS UNIT worth?
- The remaining production from REED, BOBBY GAS UNIT is estimated to be worth about $144K in total as of 26 August 2026, within a range of $112K to $175K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REED, BOBBY GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production REED, BOBBY GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REED, BOBBY GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does REED, BOBBY GAS UNIT generate in a year?
- REED, BOBBY GAS UNIT is forecast to net about $22K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REED, BOBBY GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Berry Oil Comp. |
|---|---|
| Field | Freestone (CV-Bossier Cons.) |
| County | Limestone County, Texas |
| RRC district | 05 |
| Lease number | 245118 |
| Wellbores | 1 |
| Reported production | 670,345 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $144K |
Where REED, BOBBY GAS UNIT 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.