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Texas gas well

Producing

REED, W. M. GAS UNIT

Reed, W. M. Gas Unit is a gas well in Panola County, Texas, operated by Mmgl East Texas III, LLC in the Carthage (Cotton Valley) field.

1 well

22,478mcf gas, last 12 months−11% vs prior year
Operator
Mmgl East Texas III, LLC
County
Panola County
Field
Carthage (Cotton Valley)
RRC lease
06-095987

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Where it sits

This county

Panola CountyPanolaGreggUpshurShelbyRuskHarrisonMarionPanola County
Panola County
Oil, last 12 months
275 bbl
Gas in Jul 2026
1,964 mcf

Checks stopped on this lease?

  • Operator

    Operator changed: Mmgl East Texas III, LLC took over from BPX Operating Company in Nov 2024.

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

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Production by month

Gas output fell 11% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 11% over the last 12 monthsMonthly gas production and oil for REED, W. M. GAS UNIT, Aug 2023 to Jul 2026. Gas output fell 11% over the last 12 months. 22,478 mcf in the 12 months through Jul 2026, against 25,117 mcf in the 12 months before.Last 12 months: 22,478 mcfmcf per monthbbl per month001,000102,000203,000304,00040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 11% over the last 12 monthsMonthly gas production and oil for REED, W. M. GAS UNIT, Aug 2023 to Jul 2026. Gas output fell 11% over the last 12 months. 22,478 mcf in the 12 months through Jul 2026, against 25,117 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month001,000102,000203,000304,00040Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of REED, W. M. GAS UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Nov 2024: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plantShare of REED, W. M. GAS UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Nov 2024 the lease's gas goes to a transmission line instead of a processing plant.Share of gas by disposition code0%50%100%Nov 24: plant to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed 2 times, most recently in Nov 2024

Operators of this lease over timeBP America Production Company, Jan 2020 to Feb 2022; BPX Operating Company, Mar 2022 to Oct 2024; Mmgl East Texas III, LLC, Nov 2024 to Jul 20262020202120222023202420252026Changed Mar 2022Changed Nov 2024BP America Production CompanyJan 2020 to Feb 2022BPX Operating CompanyMar 2022 to Oct 2024Mmgl East Texas III, LLCNov 2024 to now
Operators of this lease over timeBP America Production Company, Jan 2020 to Feb 2022; BPX Operating Company, Mar 2022 to Oct 2024; Mmgl East Texas III, LLC, Nov 2024 to Jul 20262020202120222023202420252026Changed Mar 2022Changed Nov 2024BP America Production CompanyJan 2020 to Feb 2022BPX Operating CompanyMar 2022 to Oct 2024Mmgl East Texas III, LLCNov 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on REED, W. M. GAS UNIT
API numberWell no.Status
42-365-312412Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Statewide Crude Inc.CondensateGathers50Feb 1, 2010–
Sunoco Ptnrs. Mktg.&terminals LPCondensateGathers50Nov 1, 2024–
Bp Energy Co.Gas-well gasBuys100Mar 1, 2022–
Markwest Energy E TX Gas Co, LLCGas-well gasGathers100Nov 1, 2008–
Energy Transfer CompanyCondensateGathers50Mar 1, 2024Nov 1, 2024
Sunoco Ptnrs. Mktg.&terminals LPCondensateGathers50Feb 1, 2010Mar 1, 2024
Bp America Production CompanyGas-well gasBuys100Feb 1, 2010Mar 1, 2022

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

Who buys my oilOil price check

642 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Check your decimal on this lease
Permits for Reed, W. M. Gas Unit
API numberWell no.Acreson the permit
42-365-312412642

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

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Estimate your royalty

36 months, newest first

Ledger for REED, W. M. GAS UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Mmgl East24261,9641,9640$80.46$2.89
Jun 2026Mmgl East30302,0322,0320$84.81$3.15
May 2026Mmgl East27271,9071,9070$102.13$2.94
Apr 2026Mmgl East22241,6591,6590$100.32$2.77
Mar 2026Mmgl East28241,7641,7640$91.38$3.04
Feb 2026Mmgl East15201,4841,4840$64.51$3.62
Jan 2026Mmgl East25231,9651,9650$60.04$7.72
Dec 2025Mmgl East23232,0612,0610$57.97$4.26
Nov 2025Mmgl East27262,0152,0150$60.06$3.79
Oct 2025Mmgl East18171,7461,7460$60.89$3.19
Sep 2025Mmgl East17181,9041,9040$63.96$2.97
Aug 2025Mmgl East19211,9771,9770$64.86$2.91
Jul 2025Mmgl East20182,0862,0860$68.39$3.20
Jun 2025Mmgl East16141,9421,9420$68.17$3.02
May 2025Mmgl East21221,9571,9570$62.17$3.12
Apr 2025Mmgl East23252,1282,1280$63.54$3.42
Mar 2025Mmgl East34362,1732,1730$68.24$4.12
Feb 2025Mmgl East24221,9911,9910$71.53$4.19
Jan 2025Mmgl East25282,5612,5610$75.74$4.13
Dec 2024Mmgl East29233,9203,9200$70.12$3.01
Nov 2024Mmgl East19161,9931,9930$69.95$2.12
Oct 2024BPX Operating13131,9801,8890$71.99$2.20
Sep 2024BPX Operating10101,2421,1870$70.24$2.28
Aug 2024BPX Operating991,1441,0940$76.68$1.99
Jul 2024BPX Operating10102,0721,9700$81.80$2.07
Jun 2024BPX Operating991,8751,7890$79.77$2.54
May 2024BPX Operating27271,9551,8690$80.02$2.12
Apr 2024BPX Operating12222,1962,1000$85.35$1.60
Mar 2024BPX Operating23222,3312,2310$81.28$1.49
Feb 2024BPX Operating25252,0421,9550$77.25$1.72
Jan 2024BPX Operating23231,9941,9010$74.15$3.18
Dec 2023BPX Operating25252,1362,0520$71.90$2.52
Nov 2023BPX Operating18171,9091,8330$77.69$2.71
Oct 2023BPX Operating13131,9271,8310$85.64$2.98
Sep 2023BPX Operating15182,0091,9070$89.43$2.64
Aug 2023BPX Operating17122,7672,6390$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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This lease belongs to

OperatorMmgl East Texas III, LLCFieldCarthage (Cotton Valley)CountyPanola County

Mmgl East Texas III, LLC in Panola County

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