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RAY REED 32

Ray Reed 32 is an oil lease in Upton County, Texas, operated by Pioneer Natural Res. USA, Inc. in the Spraberry (Trend Area) R 40 Exc field.

12 wells

189,011bbl oil, last 12 months−22% vs prior year
Operator
Pioneer Natural Res. USA, Inc.
County
Upton County
Field
Spraberry (Trend Area) R 40 Exc
RRC lease
7C-20252

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Where it sits

This county

Upton CountyUptonMidlandCraneGlasscockReaganEctorUpton County
Upton County
Gas, last 12 months
2,390,666 mcf
Oil in Jul 2026
14,582 bbl

Production by month

Oil output fell 22% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for RAY REED 32, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 189,011 bbl in the 12 months through Jul 2026, against 243,004 bbl in the 12 months before.Last 12 months: 189,011 bblbbl per monthmcf per month0010k100k20k200k30k300k40k400k50k500kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 22% over the last 12 monthsMonthly oil production and gas for RAY REED 32, Aug 2023 to Jul 2026. Oil output fell 22% over the last 12 months. 189,011 bbl in the 12 months through Jul 2026, against 243,004 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k100k20k200k30k300k40k400k50k500kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a processing plant in the last 12 months

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
97% of the gas went to a processing plant in the last 12 monthsShare of RAY REED 32 gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a processing plant in the last 12 monthsShare of RAY REED 32 gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a processing plant in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    97% · 2,327,595 mcf

  • Lease fuel (1)

    2.5% · 60,543 mcf

  • Flared (4)

    0.1% · 2,528 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

12 wells on this lease

Wells on RAY REED 32
API numberWell no.Status
42-461-4070816HActive
42-461-4070917HActive
42-461-4071018HActive
42-461-40711116HActive
42-461-40712117HActive
42-461-40713118HActive
42-461-4129413HActive
42-461-4129514HActive
42-461-4129615HActive
42-461-41297113HActive
42-461-41298114HActive
42-461-41299115HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Pipeline L.p.OilGathers40May 31, 2019–
Cp Energy, L.l.c.OilGathers15May 31, 2019–
Knowles Transportation, LLCOilGathers15May 31, 2019–
Midcon Gathering LLCOilGathers15May 31, 2019–
Plains Marketing, L.p.OilGathers15May 31, 2019–
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys100Dec 13, 2018–
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers100Dec 13, 2018–
Knowles Transportation, LLCOilGathers10Dec 13, 2018May 31, 2019
Midcon Gathering LLCOilGathers10Dec 13, 2018May 31, 2019
Plains Marketing, L.p.OilGathers10Dec 13, 2018May 31, 2019
Plains Pipeline L.p.OilGathers70Dec 13, 2018May 31, 2019

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

1,647.70 acres on the newest permit

  • Good to know

    12 wells are listed on this lease

    Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

Check your decimal on this lease
Permits for Ray Reed 32
API numberWell no.Acreson the permit
42-461-4129413H1,647.70
42-461-4129514H1,647.70
42-461-4129615H1,647.70
42-461-41297113H1,647.70
42-461-41298114H1,647.70
42-461-41299115H1,647.70
42-461-4070816H1,647.70
42-461-4070917H1,647.70
42-461-4071018H1,647.70
42-461-40711116H1,647.70
42-461-40712117H1,647.70
42-461-40713118H1,647.70

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

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36 months, newest first

Ledger for RAY REED 32
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202614,58214,570219,008213,86133$80.46$2.89
Jun 202617,60117,595195,063189,61769$84.81$3.15
May 202617,99118,001201,460195,220780$102.13$2.94
Apr 202619,13419,123209,448203,6592$100.32$2.77
Mar 202619,82319,820273,757266,212571$91.38$3.04
Feb 202612,26712,258177,944172,1971$64.51$3.62
Jan 20269,4339,44591,54487,946538$60.04$7.72
Dec 20256,7056,93167,71164,559130$57.97$4.26
Nov 202515,70215,560211,693205,98256$60.06$3.79
Oct 202516,61716,585245,671240,433207$60.89$3.19
Sep 202518,51518,507240,276235,750135$63.96$2.97
Aug 202520,64120,714257,091252,1596$64.86$2.91
Jul 202521,39221,339250,010245,3040$68.39$3.20
Jun 202517,64917,636233,113228,5340$68.17$3.02
May 202519,13019,099257,703252,82452$62.17$3.12
Apr 202517,25517,247245,554240,7483$63.54$3.42
Mar 202517,43517,483252,488247,5821$68.24$4.12
Feb 202519,93320,236224,714219,6950$71.53$4.19
Jan 202522,40022,328240,921235,70313$75.74$4.13
Dec 202422,91022,954280,166274,9500$70.12$3.01
Nov 202423,00823,037291,635286,18350$69.95$2.12
Oct 202421,64521,616292,688287,1820$71.99$2.20
Sep 202421,13621,108271,050265,452185$70.24$2.28
Aug 202419,11119,207280,284274,9627$76.68$1.99
Jul 202417,23617,623275,235266,475781$81.80$2.07
Jun 202425,09624,986340,288334,7020$79.77$2.54
May 202428,08827,965366,142360,37429$80.02$2.12
Apr 202428,24328,223352,775347,2874$85.35$1.60
Mar 202430,41730,459367,073361,4080$81.28$1.49
Feb 202430,66830,718360,836355,3260$77.25$1.72
Jan 202434,67334,605395,444389,754121$74.15$3.18
Dec 202335,14735,129386,495380,6230$71.90$2.52
Nov 202335,75335,741377,437371,5661$77.69$2.71
Oct 202339,48939,552389,246382,9240$85.64$2.98
Sep 202337,65037,391370,157364,22683$89.43$2.64
Aug 202337,29337,516400,796394,4160$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorPioneer Natural Res. USA, Inc.FieldSpraberry (Trend Area) R 40 ExcCountyUpton County

Pioneer Natural Res. USA, Inc. in Upton County

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Spraberry (Trend Area) R 40 Exc field

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