Reed, who opened with 69 is at 12-under 132. The top 17 finishers after 72 holes move on to the second stage.
Roger Furrer, another former Jaguar playing at this site, had 69 and is tied for 46th place.
In another first stage event in Lewisville, Texas, former Jaguar Wallace Booth has shot 70-72 and is tied for ninth place. Henrik Norlander, another former Jag, is tied for 26th place after rounds of 72-73. The top 18 advance.
After two rounds at Pensacola Country Club, former Augustan Brad Arrington (72-67) is tied for 37th place. The top 18 move forward.
Two other first-stage events started on Wednesday. In Pine Mountain, Ga., former Jaguar Mitch Krywulycz shot 71 and is tied for 34th place at Callaway Gardens’ Mountain Course. The top 18 advance.
And in Florence, S.C., Stephen Poole is tied for 14th place after 68, Garland Smith is tied for 37th place after 71, Scott Usher is tied for 45th place after 72 and David Robinson is tied for 59th place after 74. The top 17 advance.