REED 31
REED 31 is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Linn Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2011 to August 2026, totalling 5,093,592 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 $2.6M, with roughly $482K 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 13,220 thousand cubic feet a month. Its strongest month on the record we hold was July 2025, at 24,689 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 31
- Who operates REED 31?
- REED 31 is operated by Linn Operating, Inc., Railroad Commission of Texas operator number 501545.
- Where is REED 31?
- REED 31 is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 276750.
- Is REED 31 still producing?
- REED 31 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REED 31 is August 2026.
- How much has REED 31 produced?
- REED 31 has reported 5,093,592 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2011 and August 2026, from 1 wellbore.
- How much is REED 31 worth?
- The remaining production from REED 31 is estimated to be worth about $2.6M in total as of 26 August 2026, within a range of $2.1M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REED 31 is a fraction of it. The estimate fits an Arps decline curve to the production REED 31 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REED 31 is an estimate of value, not an offer and not an appraisal.
- How much income does REED 31 generate in a year?
- REED 31 is forecast to net about $482K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REED 31 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Linn Operating, Inc. |
|---|---|
| Field | Frye Ranch (Consolidated) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 276750 |
| Wellbores | 1 |
| Reported production | 5,093,592 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where REED 31 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.