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

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Property Summary

Key data points for Chancellor Unit No. 1

CountyFreestone County, TX
OperatorVALENCE OPERATING COMPANY
Production DatesJan 1993 - Mar 2026
Total Oil Production27,858 BBLs
Total Gas Production2,764,715 MCF
Recent Oil Production20 BBLs in Feb 2026
Recent Gas Production3,468 MCF in Feb 2026
Wells on Property2

Our Valuation Estimates for Chancellor Unit No. 1

ShaleAssessment™

$9,106 *

MarketMultiple™

$19,579 **

* 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 Mar 2026

Wells on Chancellor Unit No. 1

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-161-20034CHANCELLOR UNIT NO. 1 1VALENCE OPERATING COMPANYProducingFreestone County, TX31.698822-96.240222
42-161-33990CHANCELLOR UNIT NO. 1 3VALENCE OPERATING COMPANYProducingFreestone County, TX31.705089-96.242569

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, TX2 BBLs3,194 MCFMar 2026
BoydFreestone County, TX9 BBLs22,676 MCFMar 2026
C. N. WillifordFreestone County, TX2 BBLs5,005 MCFMar 2026
ColemanFreestone County, TX0 BBLs309 MCFMar 2026
Day W. H. Etal Gas Unit #1Freestone County, TX6 BBLs22,764 MCFMar 2026
Driver 1Freestone County, TX0 BBLs1,982 MCFMar 2026
DuboseFreestone County, TX0 BBLs702 MCFMar 2026
Dunlap Gas UnitFreestone County, TX74 BBLs37,193 MCFMar 2026
Hale UnitFreestone County, TX1 BBLs2,383 MCFMar 2026
Hullum Heirs Gas UnitFreestone County, TX0 BBLs68 MCFMar 2026
MartinFreestone County, TX0 BBLs1,780 MCFMar 2026
McMichaelFreestone County, TX9 BBLs51,213 MCFMar 2026
Middleton RFreestone County, TX3 BBLs3,512 MCFMar 2026
Mitchell J. WFreestone County, TX0 BBLs5,386 MCFMar 2026
Northen Gas UnitFreestone County, TX9 BBLs19,656 MCFMar 2026
Reed Gu #4Freestone County, TX1 BBLs5,814 MCFMar 2026
Ruby Middleton GFreestone County, TX2 BBLs2,855 MCFMar 2026
Sneed Gas UnitFreestone County, TX0 BBLs0 MCFSep 2009
WillifordFreestone County, TX0 BBLs660 MCFMar 2026
WillifordFreestone County, TX8 BBLs19,084 MCFMar 2026

Companies in the Area

These are the closest 20 companies operating near the Chancellor Unit No. 1 property.

Company Name
Anadarko Petroleum Corporation
Apache Corporation
Brown, George R. Partnership,The
Buffco Production, Inc.
Corsa Resources, LLC
Diversified Production LLC
El Paso Production Company
Enron Oil & Gas Company
Estate Oil & Gas Corp.
Hilcorp Energy Company
Hunt Petroleum Corp.
Kaiser-Francis Oil Company
London Petroleum Corporation
Redman Operating Company
Reserve Management, Inc.
Roach, R. Byron Trustee
Samedan Oil Corporation
Sonat Exploration Company -Tyler
Valence Operating Company
XTO Energy Inc.

Owners of Chancellor Unit No. 1

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025VALENCE OPERATING CO (MIN)CHANCELLOR W F (01)VALENCE OPER CO
2025VALENCE OPERATING CO (MIN)CHANCELLOR UNIT 1 (03)VALENCE OPER CO
2025UNION OIL CO OF CALIFORNIACHANCELLOR UNIT 1 (03)VALENCE OPER CO
2025TERRY NORMA JEANCHANCELLOR UNIT 1 (03)VALENCE OPER CO
2025WILLIFORD JEAN & GRAHAM DEVOECHANCELLOR UNIT 1 (03)VALENCE OPER CO
2025LONEJACK II LLCCHANCELLOR UNIT 1 (03)VALENCE OPER CO
2025COOPER DEWELL J IIICHANCELLOR UNIT 1 (03)VALENCE OPER CO
2025RL FASH LTDCHANCELLOR UNIT 1 (03)VALENCE OPER CO
Displaying 8 of 106 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 1Mar 2026PLAINS MARKETING, L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Dec 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Dec 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Nov 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Nov 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Nov 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Nov 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Oct 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Oct 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Oct 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Oct 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Sep 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Sep 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Sep 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Sep 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Aug 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Aug 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Aug 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Aug 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Jul 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Jul 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Jul 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Jul 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY