Southern States

Oil & Gas Property in Bee County, TX

Property Summary

Key data points for Southern States

CountyBee County, TX
Production DatesMar 2013 - Oct 2023
Total Oil Production35,159 BBLs
Total Gas Production485,224 MCF
Recent Oil ProductionNo Recent Prod.
Recent Gas ProductionNo Recent Prod.
Wells on Property4

Our Valuation Estimates for Southern States

ShaleAssessment

$3,898 *

MarketMultiple

$13,595 **

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

Based on a decimal interest

Southern States Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Southern States
from Mar 2013 to Oct 2023

Wells on Southern States

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-025-33796SOUTHERN STATES 1PALEO OIL COMPANY LLCTemp AbandonedBee County, TX28.317247-97.815636
42-025-33882SOUTHERN STATES 2WELDER EXPLORATION & PROD., INC.Dry HoleBee County, TX28.316535-97.812816
42-025-33895SOUTHERN STATES 2RPALEO OIL COMPANY LLCProducingBee County, TX28.316802-97.812818
42-025-33920SOUTHERN STATES 3WELDER EXPLORATION & PROD., INC.Dry HoleBee County, TX28.315835-97.819444

Leases included in Southern States

Lease #Lease NameOperatorCounty
02-10806SOUTHERN STATESPALEO OIL COMPANY LLCBee County, TX
02-265526SOUTHERN STATES 1PALEO OIL COMPANY LLCBee County, TX

Operators Associated With Southern States

Nearby Properties

These are the closest 15 properties to the Southern States property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BeasleyBee County, TX0 BBLs1,835 MCFJan 2024
CarpenterBee County, TX0 BBLs0 MCFJul 2021
Coffin FarmsBee County, TX0 BBLs0 MCFSep 2023
Davis Nona BBee County, TX788 BBLs806 MCFJan 2024
DoubravaBee County, TX0 BBLs0 MCFAug 2016
EdlerBee County, TX125 BBLs28,642 MCFJan 2024
EvansBee County, TX0 BBLs0 MCFAug 2021
Graham George M. JrLive Oak County, TX72 BBLs0 MCFJan 2024
Hancock D.WBee County, TX0 BBLs0 MCFAug 2023
JonesLive Oak County, TX82 BBLs0 MCFJan 2024
KrauseBee County, TX0 BBLs0 MCFOct 2023
OneilBee County, TX0 BBLs0 MCFNov 2023
Riggle-WendtlandBee County, TX0 BBLs0 MCFFeb 2017
SpiekermanBee County, TX0 BBLs0 MCFAug 2023
SugarekBee County, TX0 BBLs0 MCFJan 2024

Owners of Southern States

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023PALEO OIL COMPANY LLCSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2023MEIDER W C AND BEVERLY MAYSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2023SMITH BARBARA J TRUSTSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2023HIBBITTS REVOCABLE LIVING TRSTSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2023MONARCH FAMILY HOLDINGS LLCSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2023ENERGYFUNDERS YIELD FUND I LLCSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2023TAFT ROYALTY COMPANY LLCSOUTHERN STATES W#2RPALEO OIL COMPANY LL

Oil & Gas Sales on Southern States

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
02-10806SOUTHERN STATESSep 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESAug 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESJul 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESMay 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESApr 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESMar 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESDec 2022GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESOct 2022GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESSep 2022GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESAug 2022GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESMay 2022GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESJan 2022GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESDec 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-265526SOUTHERN STATES 1Oct 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESOct 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESJul 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESMay 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESMar 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESOct 2020GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESJul 2020SUNRAY MARKETING, LLCWELDERXP LTD.
02-10806SOUTHERN STATESJun 2020SUNRAY MARKETING, LLCWELDERXP LTD.
02-10806SOUTHERN STATESMar 2020SUNRAY MARKETING, LLCWELDERXP LTD.
02-10806SOUTHERN STATESJan 2020SUNRAY MARKETING, LLCWELDERXP LTD.
02-10806SOUTHERN STATESNov 2019SUNRAY MARKETING, LLCWELDERXP LTD.
02-10806SOUTHERN STATESSep 2019SUNRAY MARKETING, LLCWELDERXP LTD.