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 - Apr 2025
Total Oil Production27,715 BBLs
Total Gas Production2,729,357 MCF
Recent Oil Production12 BBLs in Mar 2025
Recent Gas Production3,171 MCF in Mar 2025
Wells on Property2

Our Valuation Estimates for Chancellor Unit No. 1

ShaleAssessment™

$10,755 *

MarketMultiple™

$14,100 **

* 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 Apr 2025

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, TX1 BBLs2,821 MCFApr 2025
BoydFreestone County, TX30 BBLs16,940 MCFApr 2025
C. N. WillifordFreestone County, TX5 BBLs5,788 MCFApr 2025
ColemanFreestone County, TX0 BBLs304 MCFApr 2025
Day W. H. Etal Gas Unit #1Freestone County, TX12 BBLs26,594 MCFApr 2025
Driver 1Freestone County, TX0 BBLs1,596 MCFApr 2025
DuboseFreestone County, TX0 BBLs198 MCFApr 2025
Hale UnitFreestone County, TX16 BBLs4,652 MCFApr 2025
Hullum Heirs Gas UnitFreestone County, TX0 BBLs3,357 MCFApr 2025
MartinFreestone County, TX0 BBLs1,511 MCFApr 2025
McMichaelFreestone County, TX9 BBLs18,726 MCFApr 2025
Middleton RFreestone County, TX8 BBLs3,724 MCFApr 2025
Mitchell J. WFreestone County, TX0 BBLs6,362 MCFApr 2025
Northen Gas UnitFreestone County, TX238 BBLs36,459 MCFApr 2025
Reed Gu #4Freestone County, TX1 BBLs4,463 MCFApr 2025
Ruby Middleton GFreestone County, TX9 BBLs4,695 MCFApr 2025
Sneed Gas UnitFreestone County, TX0 BBLs0 MCFSep 2009
White Gas UnitFreestone County, TX0 BBLs64 MCFMar 2025
WillifordFreestone County, TX0 BBLs780 MCFApr 2025
WillifordFreestone County, TX11 BBLs21,351 MCFApr 2025

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
Corsa Resources, LLC
Diversified Production LLC
El Paso Production Company
Enron Oil & Gas Company
Estate Oil & Gas Corp.
Hilcorp Energy Company
Hunt Petroleum Corporation
Kaiser-Francis Oil Company
London Petroleum Corporation
Redman Operating Company
Reserve Management, Inc.
Roach, R. Byron Trustee
Samedan Oil Corporation
Sonat Exploration Company -Tyler
Stroud Petroleum, Inc.
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
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
2024RL FASH LTDCHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024COOPER DEWELL J IIICHANCELLOR 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
05-242964CHANCELLOR UNIT NO. 1 3Jan 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Jan 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Jan 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Jan 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Dec 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Dec 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Nov 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Nov 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Nov 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Nov 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Oct 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Oct 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Oct 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Oct 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Sep 2024PLAINS MARKETING, L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Sep 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Sep 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Sep 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Sep 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Aug 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Aug 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Aug 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Aug 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY