Texas oil lease · RRC district 08 · Lease 51403
No report in 6+ monthsREED
Reed is an oil lease in Pecos County, Texas, operated by LRR Pecos Valley, LLC in the Wolfbone (Trend Area) field.
Oil lease dossier · 4 wells
- Operator
- LRR Pecos Valley, LLC
- County
- Pecos County
- RRC lease
- 08-51403
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Where it sits
This county
- Oil in Nov 2024
- 0 bbl
- Reporting to the state
- since Jan 2020
- Wells
- 4
- Data through
- Nov 2024
Production
Month by month, from the state record
No oil produced in the last 12 months
The last month with output was Jan 2022, at 99 bbl.
- Oil (bars, left axis)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, oil lease 51403, district 08. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
No gas disposition reported for this lease
Operator history
Who has run this lease
The operator changed once, most recently in Oct 2021
If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.
- LRR Pecos Valley, LLC Oct 2021 to now
- Rosehill Operating Company, LLC Jan 2020 to Sep 2021
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
4 wells on this lease
| API number | Well no. | Status | Total depthft |
|---|---|---|---|
| 42-371-10818 | 1 | Active | – |
| 42-371-33395 | 2 | Active | – |
| 42-371-38263 | 3 | Active | – |
| 42-371-38413 | 4 | Active | – |
SourceTexas Railroad Commission Wellbore Query, district 08, lease 51403.
Who buys and gathers
Who moves and buys this lease's production
Oil
Brazos Midstream Operating, LLC, Enterprise Crude Oil LLC, Enterprise Crude Pipeline LLC and Rio Energy International, Inc. gather it.
Brazos Midstream Operating, LLC gathers it: 25% of it, on the list since Sep 1, 2022 · Enterprise Crude Oil LLC gathers it: 25% of it, on the list since Sep 1, 2022 · Enterprise Crude Pipeline LLC gathers it: 25% of it, on the list since Sep 1, 2022 · Rio Energy International, Inc. gathers it: 25% of it, on the list since Sep 1, 2022
Gas from oil wells
Brazos Midstream Operating, LLC buys and gathers it; Energy Transfer Company buys it.
Brazos Midstream Operating, LLC buys it: 90% of it, on the list since Sep 1, 2022 · Energy Transfer Company buys it: 10% of it, on the list since Sep 1, 2022 · Brazos Midstream Operating, LLC gathers it: 100% of it, on the list since Sep 1, 2022
Companies that used to be listed: Energy Transfer Company (gathers it, until Sep 1, 2022); Energy Transfer Company (buys it, until Sep 1, 2022); Dorado Oil Company (gathers it, until Sep 1, 2022); Rio Energy International, Inc. (gathers it, until Sep 1, 2022); Rio Energy International, Inc. (gathers it, until Nov 15, 2021).
SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.
Unit and wells
430 acres on the newest permit
- Wells on the permits
- 40 not plugged
- Horizontal
- 0
- First completion
- Apr 19, 1967
- Latest permit
- May 8, 2019
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-371-10818 | 1 | May 8, 2019 | Apr 19, 1967 | 430 |
| 42-371-33395 | 2 | May 8, 2019 | Dec 16, 1981 | 430 |
| 42-371-38263 | 3 | May 8, 2019 | Sep 20, 2008 | 430 |
| 42-371-38413 | 4 | May 7, 2019 | Jan 21, 2009 | 430 |
Estimator
Estimate your royalty for this lease
Estimator
What could your check be?
Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says REED sold each month.
For example 0.00097656, or a fraction like 1/1024.
Your estimate appears here
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|
| Nov 2024LRR Pecos | 0 | 0 | $69.95 | $2.12 |
| Oct 2024LRR Pecos | 0 | 0 | $71.99 | $2.20 |
| Sep 2024LRR Pecos | 0 | 0 | $70.24 | $2.28 |
| Aug 2024LRR Pecos | 0 | 0 | $76.68 | $1.99 |
| Jul 2024LRR Pecos | 0 | 0 | $81.80 | $2.07 |
| Jun 2024LRR Pecos | 0 | 0 | $79.77 | $2.54 |
| May 2024LRR Pecos | 0 | 0 | $80.02 | $2.12 |
| Apr 2024LRR Pecos | 0 | 0 | $85.35 | $1.60 |
| Mar 2024LRR Pecos | 0 | 0 | $81.28 | $1.49 |
| Feb 2024LRR Pecos | 0 | 0 | $77.25 | $1.72 |
| Jan 2024LRR Pecos | 0 | 0 | $74.15 | $3.18 |
| Dec 2023LRR Pecos | 0 | 0 | $71.90 | $2.52 |
| Nov 2023LRR Pecos | 0 | 0 | $77.69 | $2.71 |
| Oct 2023LRR Pecos | 0 | 0 | $85.64 | $2.98 |
| Sep 2023LRR Pecos | 0 | 0 | $89.43 | $2.64 |
| Aug 2023LRR Pecos | 0 | 0 | $81.39 | $2.58 |
| Jul 2023LRR Pecos | 0 | 0 | $76.07 | $2.55 |
| Jun 2023LRR Pecos | 0 | 0 | $70.25 | $2.18 |
| May 2023LRR Pecos | 0 | 0 | $71.58 | $2.15 |
| Apr 2023LRR Pecos | 0 | 0 | $79.45 | $2.16 |
| Mar 2023LRR Pecos | 0 | 0 | $73.28 | $2.31 |
| Feb 2023LRR Pecos | 0 | 0 | $76.83 | $2.38 |
| Jan 2023LRR Pecos | 0 | 0 | $78.12 | $3.27 |
| Dec 2022LRR Pecos | 0 | 0 | $76.44 | $5.53 |
| Nov 2022LRR Pecos | 0 | 0 | $84.37 | $5.45 |
| Oct 2022LRR Pecos | 0 | 0 | $87.55 | $5.66 |
| Sep 2022LRR Pecos | 0 | 0 | $84.26 | $7.88 |
| Aug 2022LRR Pecos | 0 | 0 | $93.67 | $8.81 |
| Jul 2022LRR Pecos | 0 | 0 | $101.62 | $7.28 |
| Jun 2022LRR Pecos | 0 | 0 | $114.84 | $7.70 |
| May 2022LRR Pecos | 0 | 0 | $109.55 | $8.14 |
| Apr 2022LRR Pecos | 0 | 0 | $101.78 | $6.60 |
| Mar 2022LRR Pecos | 0 | 0 | $108.50 | $4.90 |
| Feb 2022LRR Pecos | 0 | 0 | $91.64 | $4.69 |
| Jan 2022LRR Pecos | 99 | 429 | $83.22 | $4.38 |
| Dec 2021LRR Pecos | 0 | 0 | $71.71 | $3.76 |
No report filed More than 3% of gas flared
SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).
Check your statements
Do your checks match this lease?
Upload your statements for REED. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask LRR Pecos Valley, LLC.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
LRR Pecos Valley, LLC in Pecos County
No other producing leases from this operator in this county are in our data yet.
Wolfbone (Trend Area) field
- REV CON T8-50-7 UNIT
1,501,629 bbl last 12 months
- REV DRAGONS BREATH T8-51-22
1,386,061 bbl last 12 months
- GRAVES STATE
509,763 bbl last 12 months
- BROTHER NATURE
500,064 bbl last 12 months
- REV BX T7-51-45 UNIT
385,438 bbl last 12 months
Leases within 10 km
Found by the location of their wells.
- TREES ESTATE -77-
50,906 bbl last 12 months · 0.3 km away
- ATHEY STATE
0 mcf last 12 months · 0.5 km away
- TEXAS -A-
3,275 mcf last 12 months · 0.5 km away
- REED, ELIZABETH
0 mcf last 12 months · 1.1 km away
- BRENNAND STATE
0 bbl last 12 months · 1.2 km away
Drilling permits within 10 km
CHERRY STATE UNIT 3228C #08H
new drill · horizontal · Continental Resources, Inc. · Pecos County · 8.5 km away
Permit 0917305 · Jul 30, 2026
CHERRY STATE UNIT 3228F #11H
new drill · horizontal · Continental Resources, Inc. · Pecos County · 8.2 km away
Permit 0917308 · Jul 30, 2026
CHERRY STATE UNIT 3228D #09H
new drill · horizontal · Continental Resources, Inc. · Pecos County · 8.2 km away
Permit 0917306 · Jul 30, 2026
CHERRY STATE UNIT 3228E #10H
new drill · horizontal · Continental Resources, Inc. · Pecos County · 8.2 km away
Permit 0917307 · Jul 30, 2026
CHERRY STATE UNIT 3228B #07H
new drill · horizontal · Continental Resources, Inc. · Pecos County · 8.5 km away
Permit 0917304 · Jul 30, 2026
How to read this page
Questions owners ask
What is a decimal interest?
It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.
How do I use this page to check a royalty check?
Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.
Why is the newest month Nov 2024?
The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.
Does this page show what my check should be?
No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.
Sources and method
Where these numbers come from
- Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 51403, district 08, reported through Jul 2026.
- Wells: Texas Railroad Commission Wellbore Query.
- Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
- Page updated Sep 28, 2026.
We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.