REID
REID is a Texas gas lease in Moore County, Railroad Commission district 10, operated by J. W. Resources Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2005 to August 2026, totalling 130,646 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 $37K, with roughly $5K 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 95 thousand cubic feet a month. Its strongest month on the record we hold was October 2021, at 706 thousand cubic feet. 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 J. W. Resources Inc., Railroad Commission of Texas operator number 427974.
- Where is REID?
- REID is a Texas gas lease in Moore County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 212853.
- 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 130,646 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2005 and August 2026, from 1 wellbore.
- How much is REID worth?
- The remaining production from REID is estimated to be worth about $37K in total as of 26 August 2026, within a range of $21K to $54K. 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 $5K across the whole undivided lease over the twelve months following 26 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 | J. W. Resources Inc. |
|---|---|
| Field | Panhandle, West |
| County | Moore County, Texas |
| RRC district | 10 |
| Lease number | 212853 |
| Wellbores | 1 |
| Reported production | 130,646 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $37K |
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.