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Texas oil lease

Producing

REED TRUST

Reed Trust is an oil lease in Wilbarger County, Texas, operated by Finnell Oil Services, Inc. in the -TT- (Conglomerate) field.

2 wells

2,180bbl oil, last 12 months−21% vs prior year
Operator
Finnell Oil Services, Inc.
County
Wilbarger County
Field
-TT- (Conglomerate)
RRC lease
09-34160

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Where it sits

This county

Wilbarger CountyWilbargerFoardWichitaHardemanWilbarger County
Wilbarger County
Oil in Jun 2026
150 bbl
Reporting since
Jan 2023

Checks stopped on this lease?

  • Operator

    Operator changed: Finnell Oil Services, Inc. took over from Martis Valley Energy, LLC in Mar 2026.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 21% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production for REED TRUST, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 2,036 bbl in the 12 months through Jul 2026, against 2,586 bbl in the 12 months before.Last 12 months: 2,036 bblbbl per month0100200300400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 21% over the last 12 monthsMonthly oil production for REED TRUST, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 2,036 bbl in the 12 months through Jul 2026, against 2,586 bbl in the 12 months before.Last 12 monthsbbl per month0100200300400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed once, most recently in Mar 2026

Operators of this lease over timeMartis Valley Energy, LLC, Jan 2023 to Feb 2026; Finnell Oil Services, Inc., Mar 2026 to Jun 20262023202420252026Changed Mar 2026Martis Valley Energy, LLCJan 2023 to Feb 2026Finnell Oil Services, Inc.Mar 2026 to now
Operators of this lease over timeMartis Valley Energy, LLC, Jan 2023 to Feb 2026; Finnell Oil Services, Inc., Mar 2026 to Jun 20262023202420252026Changed Mar 2026Martis Valley Energy, LLCJan 2023 to Feb 2026Finnell Oil Services, Inc.Mar 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on REED TRUST
API numberWell no.Status
42-487-332682201Active
42-487-83592D 1Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Ptt Premier Trading and Tran LLCOilGathers50Aug 1, 2026–
Sentinel Transportation, LLCOilGathers50Aug 1, 2026–
Sentinel Transportation, LLCOilGathers100Jan 4, 2023Aug 1, 2026

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

Who buys my oilOil price check

108 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 108 and 108.25 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Reed Trust
API numberWell no.Acreson the permit
42-487-83592D 1108
42-487-332682201108.25

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

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36 months, newest first

Ledger for REED TRUST
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026No report––$80.46$2.89
Jun 2026Finnell Oil150168$84.81$3.15
May 2026Finnell Oil150174$102.13$2.94
Apr 2026Finnell Oil150168$100.32$2.77
Mar 2026Finnell Oil180129$91.38$3.04
Feb 2026Martis Valley216173$64.51$3.62
Jan 2026Martis Valley168261$60.04$7.72
Dec 2025Martis Valley204173$57.97$4.26
Nov 2025Martis Valley213169$60.06$3.79
Oct 2025Martis Valley228345$60.89$3.19
Sep 2025Martis Valley214169$63.96$2.97
Aug 2025Martis Valley163171$64.86$2.91
Jul 2025Martis Valley144170$68.39$3.20
Jun 2025Martis Valley246172$68.17$3.02
May 2025Martis Valley122171$62.17$3.12
Apr 2025Martis Valley168171$63.54$3.42
Mar 2025Martis Valley252169$68.24$4.12
Feb 2025Martis Valley194169$71.53$4.19
Jan 2025Martis Valley228334$75.74$4.13
Dec 2024Martis Valley247185$70.12$3.01
Nov 2024Martis Valley222179$69.95$2.12
Oct 2024Martis Valley265324$71.99$2.20
Sep 2024Martis Valley228165$70.24$2.28
Aug 2024Martis Valley270320$76.68$1.99
Jul 2024Martis Valley242323$81.80$2.07
Jun 2024Martis Valley279172$79.77$2.54
May 2024Martis Valley248339$80.02$2.12
Apr 2024Martis Valley244159$85.35$1.60
Mar 2024Martis Valley342526$81.28$1.49
Feb 2024Martis Valley308169$77.25$1.72
Jan 2024Martis Valley268182$74.15$3.18
Dec 2023Martis Valley311350$71.90$2.52
Nov 2023Martis Valley382513$77.69$2.71
Oct 2023Martis Valley284162$85.64$2.98
Sep 2023Martis Valley240326$89.43$2.64
Aug 2023Martis Valley258342$81.39$2.58

No report filed

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

OperatorFinnell Oil Services, Inc.Field-TT- (Conglomerate)CountyWilbarger County

Finnell Oil Services, Inc. in Wilbarger County

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-TT- (Conglomerate) field

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