The 17-year-old was crowned Young Hammer of the Year.
The 17-year-old midfielder set himself up for a hugely promising season way back in August with a wonderful performance in the 2-0 win at Arsenal on the opening day of the season, with Oxford being just 16 at the time.
The starlet has only managed six Premier League appearances since then - only two of which were starts - and another three in the FA Cup, but it was enough to earn him the prize.
He took to Twitter this morning to thank everybody who voted for him, and received a host of congratulatory messages in turn.
@Reeceoxford_ congratulations saw you in the Europa league qualifiers hope to see you in first team soon— Sean Youins-Martin (@Sean_1968) May 4, 2016
The awards themselves were dominated by none other than Dimitri Payet, who scooped no fewer than five gongs for what has been a ridiculous first season with the East London outfit.
He scooped Player of the Year, Signing of the Season, Goal of he Season, Players' Player of the Year and the award for being the Irons' top goalscorer this season, having netted 12 times in all competitions.
Slaven Bilic's side sit sixth in the Premier League table, five points behind fourth-placed Manchester City - who have played one match more - with three games to go.