Needham

Oil & Gas Property in Fayette County, TX

  2. Texas
  3. Fayette County, TX
  4. Oil & Gas Properties in Fayette County, TX
  5. Needham Oil & Gas Property

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Property Summary

Key data points for Needham

CountyFayette County, TX
Production DatesJan 1993 - Nov 2025
Total Oil Production18,330 BBLs
Total Gas Production21 MCF
Recent Oil Production21 BBLs in Oct 2025
Recent Gas Production0 MCF in Oct 2025
Wells on Property6

Our Valuation Estimates for Needham

ShaleAssessment™

$778 *

MarketMultiple™

$2,739 **

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

Based on a decimal interest

Needham Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Needham
from Jan 1993 to Nov 2025

Wells on Needham

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-149-30843NEEDHAM, EARL #1 1MCDONALD PETROLEUM CORPORATIONOil WellFayette County, TX29.734544-97.200945
42-149-30889NEEDHAM UNIT 1VOMELA RESOURCES INC.Plugged Oil WellFayette County, TX29.711784-97.146635
42-149-31319NEEDHAM EARL 1MARKET STREET ENERGY, INC.ProducingFayette County, TX29.733295-97.194638
42-149-31563NEEDHAM, EARL 3VOMELA RESOURCES INC.Dry HoleFayette County, TX29.734998-97.192819
42-149-32170NEEDHAM, EARL 4VOMELA RESOURCES INC.Plugged Oil WellFayette County, TX29.733673-97.193955
42-149-32549NEEDHAM EARL 5MARKET STREET ENERGY, INC.ProducingFayette County, TX29.732460-97.196225

Leases included in Needham

Lease #Lease NameOperatorCountyMonthly Oil Prod.
03-13876NEEDHAM, EARLMCDONALD PETROLEUM CORPORATIONFayette County, TX
03-15591NEEDHAM, EARLMARKET STREET ENERGY, INC.Fayette County, TX
03-16210NEEDHAM, EARLVOMELA RESOURCES INC.Fayette County, TX

Operators Associated With Needham

Nearby Properties

These are the closest 20 properties to the Needham property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
ArmstrongFayette County, TX188 BBLs0 MCFNov 2025
ArnimFayette County, TX52 BBLs0 MCFNov 2025
Arnim,E.AFayette County, TX29 BBLs0 MCFNov 2025
BMW LTDGonzales County, TX342 BBLs103 MCFNov 2025
Derry MattieFayette County, TX47 BBLs0 MCFNov 2025
DevineFayette County, TX12 BBLs0 MCFNov 2025
Drenner MFayette County, TX707 BBLs0 MCFNov 2025
East Arnim UnitFayette County, TX228 BBLs0 MCFNov 2025
Ervine & BishopFayette County, TX558 BBLs0 MCFNov 2025
Five Mile CreekFayette County, TX4,168 BBLs3,623 MCFNov 2025
Garza UnitFayette County, TX1,023 BBLs0 MCFNov 2025
Herbert Et AlFayette County, TX103 BBLs0 MCFNov 2025
McCroryFayette County, TX98 BBLs0 MCFNov 2025
Panlus, Alice UnitFayette County, TX365 BBLs0 MCFNov 2025
PaulusFayette County, TX0 BBLs858 MCFNov 2025
Randy SteinhauserFayette County, TX90 BBLs0 MCFNov 2025
Screaming Eagle BGonzales County, TX0 BBLs0 MCFSep 2024
Standard TrustFayette County, TX272 BBLs0 MCFNov 2025
SteinhauserFayette County, TX611 BBLs0 MCFNov 2025
VinklarekFayette County, TX47 BBLs516 MCFNov 2025

Companies in the Area

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

Company Name
3tec Energy Corporation
Baytex Energy USA, Inc.
Challenger Oil Inc
Conoco Inc
CT Adams Jr., LLC
Devine, C. R., Inc.
Enex Resources Corporation
First Light Operating, LLC
Frazier Exploration Partners,LLC
Locin Oil Corporation
Magnolia Oil & Gas Operating LLC
McA Petroleum Corporation
Pitcock, Inc.
Pyramid Energy Inc
RBR Operating, Inc.
Sanchez Oil & Gas Corporation
Sellers Lease Service, Inc.
Stanton Mineral Development Inc
Two Bit Operating Company LLC
Yarborough, W. B.

Owners of Needham

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025MARKET STREET ENERGY INCNEEDHAM EARL 1/5MARKET STREET ENERGY
2025MCKINNEY SHARON SIGMUNDIKNEEDHAM EARL 1/5MARKET STREET ENERGY
2025REIMERS MILTON & JOYNEEDHAM EARL 1/5MARKET STREET ENERGY
2025TIPTON TOMMY B & PAMELANEEDHAM EARL 1/5MARKET STREET ENERGY
2025HUNT KYLE ESTATE LLCNEEDHAM EARL 1/5MARKET STREET ENERGY
2025NEEDHAM LLOYD BOYCENEEDHAM EARL 1/5MARKET STREET ENERGY
2025SEARS GINNYNEEDHAM EARL 1/5MARKET STREET ENERGY
2025MOFFETT EARLINE NEEDHAMNEEDHAM EARL 1/5MARKET STREET ENERGY
Displaying 8 of 15 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Needham

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
03-15591NEEDHAM, EARLAug 2025GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLMar 2025GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLSep 2024GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLApr 2024GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLNov 2023GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLMay 2023GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLJan 2023GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLAug 2022GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLFeb 2022GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLAug 2021GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLApr 2021GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLDec 2020GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLJul 2020GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLNov 2019GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLJun 2019GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLMar 2019GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLAug 2018GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLApr 2018GULFMARK ENERGY, INC.MARKET STREET ENERGY, INC.
03-15591NEEDHAM, EARLDec 2017GULFMARK ENERGY, INC.SELLERS LEASE SERVICE, INC.
03-15591NEEDHAM, EARLSep 2017GULFMARK ENERGY, INC.SELLERS LEASE SERVICE, INC.
03-15591NEEDHAM, EARLJun 2017GULFMARK ENERGY, INC.SELLERS LEASE SERVICE, INC.
03-15591NEEDHAM, EARLFeb 2017GULFMARK ENERGY, INC.SELLERS LEASE SERVICE, INC.
03-15591NEEDHAM, EARLJun 2016GULFMARK ENERGY, INC.SELLERS LEASE SERVICE, INC.
03-15591NEEDHAM, EARLDec 2015GULFMARK ENERGY, INC.SELLERS LEASE SERVICE, INC.
03-15591NEEDHAM, EARLSep 2015GULFMARK ENERGY, INC.SELLERS LEASE SERVICE, INC.