RAY REED 33E
RAY REED 33E is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2020 to August 2026, totalling 400,449 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 $3.4M, with roughly $1.3M 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 1,258 barrels a month. Its strongest month on the record we hold was June 2021, at 39,292 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 RAY REED 33E
- Who operates RAY REED 33E?
- RAY REED 33E is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is RAY REED 33E?
- RAY REED 33E is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21209.
- Is RAY REED 33E still producing?
- RAY REED 33E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAY REED 33E is August 2026.
- How much has RAY REED 33E produced?
- RAY REED 33E has reported 400,449 barrels of oil (bbl) to the Railroad Commission of Texas between August 2020 and August 2026, from 1 wellbore.
- How much is RAY REED 33E worth?
- The remaining production from RAY REED 33E is estimated to be worth about $3.4M in total as of 26 August 2026, within a range of $2.8M to $4.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAY REED 33E is a fraction of it. The estimate fits an Arps decline curve to the production RAY REED 33E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAY REED 33E is an estimate of value, not an offer and not an appraisal.
- How much income does RAY REED 33E generate in a year?
- RAY REED 33E is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAY REED 33E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21209 |
| Wellbores | 1 |
| Reported production | 400,449 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.4M |
Where RAY REED 33E 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.