Chancellor Unit No. 1

Oil & Gas Property in Freestone County, TX

  2. Texas
  3. Freestone County, TX
  4. Oil & Gas Properties in Freestone County, TX
  5. Chancellor Unit No. 1 Oil & Gas Property

Map of Wells Full Screen Map 3-D Map

Property Summary

Key data points for Chancellor Unit No. 1

County,
OperatorVALENCE OPERATING COMPANY
Production DatesJan 1993 - Feb 2025
Total Oil Production27,688 BBLs
Total Gas Production2,723,270 MCF
Recent Oil Production15 BBLs in Jan 2025
Recent Gas Production3,349 MCF in Jan 2025
Wells on Property2

Our Valuation Estimates for Chancellor Unit No. 1

ShaleAssessment™

$11,062 *

MarketMultiple™

$11,668 **

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

Based on a decimal interest

Chancellor Unit No. 1 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Chancellor Unit No. 1
from Jan 1993 to Feb 2025

Wells on Chancellor Unit No. 1

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
Unknown,
Unknown,

Leases included in Chancellor Unit No. 1

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
05-046104CHANCELLOR UNIT NO. 1 1PENNZOIL PRODUCING CO.Freestone County, TX
05-049823CHANCELLOR UNIT NO. 1 1VALENCE OPERATING COMPANYFreestone County, TX
05-242964CHANCELLOR UNIT NO. 1 3VALENCE OPERATING COMPANYFreestone County, TX
05-243043CHANCELLOR UNIT NO. 1 3VALENCE OPERATING COMPANYFreestone County, TX

Nearby Properties

These are the closest 20 properties to the Chancellor Unit No. 1 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Booth Gas UnitFreestone County, TX0 BBLs2,997 MCFFeb 2025
BoydFreestone County, TX24 BBLs17,854 MCFFeb 2025
C. N. WillifordFreestone County, TX3 BBLs5,942 MCFFeb 2025
ColemanFreestone County, TX0 BBLs301 MCFFeb 2025
Day W. H. Etal Gas Unit #1Freestone County, TX7 BBLs21,384 MCFFeb 2025
Driver 1Freestone County, TX4 BBLs2,115 MCFFeb 2025
DuboseFreestone County, TX0 BBLs222 MCFFeb 2025
Hale UnitFreestone County, TX7 BBLs4,540 MCFFeb 2025
Hullum Heirs Gas UnitFreestone County, TX0 BBLs2,785 MCFFeb 2025
MartinFreestone County, TX0 BBLs1,456 MCFFeb 2025
McMichaelFreestone County, TX4 BBLs18,605 MCFFeb 2025
Middleton RFreestone County, TX3 BBLs3,346 MCFFeb 2025
Mitchell J. WFreestone County, TX0 BBLs6,461 MCFFeb 2025
Northen Gas UnitFreestone County, TX815 BBLs91,010 MCFFeb 2025
Reed Gu #4Freestone County, TX1 BBLs4,639 MCFFeb 2025
Ruby Middleton GFreestone County, TX2 BBLs2,609 MCFFeb 2025
Sneed Gas UnitFreestone County, TX0 BBLs0 MCFSep 2009
White Gas UnitFreestone County, TX0 BBLs126 MCFFeb 2025
WillifordFreestone County, TX0 BBLs1,124 MCFFeb 2025
WillifordFreestone County, TX8 BBLs18,691 MCFFeb 2025

Companies in the Area

These are the closest 0 companies operating near the Chancellor Unit No. 1 property.

Company Name

Owners of Chancellor Unit No. 1

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024VALENCE OPERATING CO (MIN)CHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024VALENCE OPERATING CO (MIN)CHANCELLOR W F (01)VALENCE OPER CO
2024UNION OIL CO OF CALIFORNIACHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024TERRY NORMA JEANCHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024LONEJACK II LLCCHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024WILLIFORD GRAHAM D ESTATECHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024COOPER DEWELL J IIICHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024RL FASH LTDCHANCELLOR UNIT 1 (03)VALENCE OPER CO
Displaying 8 of 93 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Chancellor Unit No. 1

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
05-049823CHANCELLOR UNIT NO. 1 1Sep 2024PLAINS MARKETING, L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Apr 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Apr 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Apr 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Apr 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Mar 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Mar 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Mar 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Mar 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Feb 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Feb 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Feb 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Feb 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Jan 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Jan 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Jan 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Jan 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Dec 2023VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2023VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2023ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2023PLAINS MARKETING, L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Dec 2023ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Nov 2023ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Nov 2023VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Nov 2023ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY