Spencer

Oil Property in Union County, AR

  2. Arkansas
  3. Union County, AR
  4. Oil & Gas Properties in Union County, AR
  5. Spencer Oil Property

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Property Summary

Key data points for Spencer

CountyUnion County, AR
OperatorQUANICO OIL & GAS, INC.
Production DatesFeb 2014 - Feb 2024
Total Oil Production300,715 BBLs
Total Gas Production0 MCF
Recent Oil Production2,833 BBLs in Jan 2024
Recent Gas Production0 MCF in Jan 2024
Wells on Property3

Our Valuation Estimates for Spencer

ShaleAssessment™

$74,762 *

MarketMultiple™

$397,554 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Spencer Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Spencer
from Feb 2014 to Feb 2024

Wells on Spencer

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
03-139-13474Spencer-Moody 1Quanico Oil & Gas, IncProducingUnion County, AR33.240087-92.545397
03-139-13477Spencer, K L 1Quanico Oil & Gas, IncActiveUnion County, AR33.236883-92.545580
03-139-13544Spencer, K L 2Quanico Oil & Gas, IncProducingUnion County, AR33.236928-92.547853

Nearby Properties

These are the closest 20 properties to the Spencer property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AbbottUnion County, AR0 BBLs0 MCFNov 2000
AllenUnion County, AR0 BBLs0 MCFMay 2023
Brittain 1Union County, AR1,551 BBLs0 MCFFeb 2024
BrownUnion County, AR0 BBLs0 MCFDec 2023
Craig-MoodyUnion County, AR0 BBLs0 MCFDec 2023
Deason-MoodyUnion County, AR560 BBLs0 MCFFeb 2024
DossUnion County, AR552 BBLs0 MCFFeb 2024
GravesUnion County, AR0 BBLs0 MCFJun 1985
GregoryUnion County, AR6,280 BBLs0 MCFFeb 2024
KellyUnion County, AR131 BBLs0 MCFFeb 2024
Kelly-SpoonerUnion County, AR0 BBLs0 MCFFeb 2023
MoodyUnion County, AR2,409 BBLs0 MCFFeb 2024
ObarrUnion County, AR0 BBLs0 MCFMay 1966
SchmidtUnion County, AR1,533 BBLs0 MCFFeb 2024
SmithUnion County, AR0 BBLs0 MCFFeb 1985
Spencer-Sinclair 1Union County, AR2,226 BBLs0 MCFFeb 2024
Spencer-Townsend 1Union County, AR2,010 BBLs0 MCFFeb 2024
SpoonerUnion County, AR269 BBLs0 MCFFeb 2024
TaylorUnion County, AR0 BBLs0 MCFNov 1983
Walker-GregoryUnion County, AR0 BBLs0 MCFJul 2023

Companies in the Area

These are the closest 20 companies operating near the Spencer property.

Company Name
Arklatx Operating Company, Inc
Barnette & Sons, Inc
Beren Corporation
C & P Energy Inc
Crude Oil, LLC
Four R Operating Company, LLC
Great Lakes Chemical Corporation
Jamie Oil, Inc
Jax Oil Co., LLC
Langley, Jerry Oil Company LLC
Lboc, LLC
Lowery Oil Company, LLC
Pacific-Atlantic Oil Company, Inc.
Pharr, Billy W
Quanico Oil & Gas, Inc.
R/T Production, LLC
Sinclair Operating Company, LLC
Smackover Drilling Company Inc
Smi Operating Company, LLC
The Ohio Oil Company