REED, MARY
REED, MARY is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Price, W. H. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 9,857 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 $21K, with roughly $4K 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 15 barrels a month. Its strongest month on the record we hold was August 2017, at 76 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 REED, MARY
- Who operates REED, MARY?
- REED, MARY is operated by Price, W. H., Railroad Commission of Texas operator number 676910.
- Where is REED, MARY?
- REED, MARY is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 10411.
- Is REED, MARY still producing?
- REED, MARY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REED, MARY is August 2026.
- How much has REED, MARY produced?
- REED, MARY has reported 9,857 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is REED, MARY worth?
- The remaining production from REED, MARY is estimated to be worth about $21K in total as of 26 August 2026, within a range of $11K to $30K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REED, MARY is a fraction of it. The estimate fits an Arps decline curve to the production REED, MARY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REED, MARY is an estimate of value, not an offer and not an appraisal.
- How much income does REED, MARY generate in a year?
- REED, MARY is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REED, MARY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Price, W. H. |
|---|---|
| Field | Reed-Boles (Strawn 1780) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 10411 |
| Wellbores | 1 |
| Reported production | 9,857 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $21K |
Where REED, MARY 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.