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

Property Summary

Key data points for Chancellor Unit No. 1

CountyFreestone County, TX
OperatorVALENCE OPERATING COMPANY
Production DatesJan 1993 - Jun 2026
Total Oil Production27,900 BBLs
Total Gas Production2,773,447 MCF
Recent Oil Production17 BBLs in May 2026
Recent Gas Production3,044 MCF in May 2026
Wells on Property2

Our Valuation Estimates for Chancellor Unit No. 1

ShaleAssessment™

$8,718 *

MarketMultiple™

$19,482 **

* 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 Jun 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, TX1 BBLs3,030 MCFJun 2026
BoydFreestone County, TX18 BBLs16,270 MCFJun 2026
C. N. WillifordFreestone County, TX2 BBLs4,939 MCFJun 2026
ColemanFreestone County, TX0 BBLs292 MCFJun 2026
Day W. H. Etal Gas Unit #1Freestone County, TX6 BBLs23,739 MCFJun 2026
Driver 1Freestone County, TX0 BBLs2,015 MCFJun 2026
DuboseFreestone County, TX0 BBLs774 MCFJun 2026
Dunlap Gas UnitFreestone County, TX11 BBLs40,443 MCFJun 2026
Hale UnitFreestone County, TX3 BBLs4,316 MCFJun 2026
Hullum Heirs Gas UnitFreestone County, TX0 BBLs4,369 MCFJun 2026
MartinFreestone County, TX0 BBLs1,616 MCFJun 2026
McMichaelFreestone County, TX6 BBLs39,800 MCFJun 2026
Middleton RFreestone County, TX2 BBLs3,458 MCFJun 2026
Mitchell J. WFreestone County, TX0 BBLs6,154 MCFJun 2026
Northen Gas UnitFreestone County, TX21 BBLs21,625 MCFJun 2026
Reed Gu #4Freestone County, TX1 BBLs6,159 MCFJun 2026
Ruby Middleton GFreestone County, TX3 BBLs4,258 MCFJun 2026
Sneed Gas UnitFreestone County, TX0 BBLs0 MCFSep 2009
WillifordFreestone County, TX0 BBLs706 MCFJun 2026
WillifordFreestone County, TX6 BBLs20,739 MCFJun 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
2026VALENCE OPERATING CO (MIN)CHANCELLOR UNIT 1 (03)VALENCE OPER CO
2026VALENCE OPERATING CO (MIN)CHANCELLOR W F (01)VALENCE OPER CO
2026UNION OIL CO OF CALIFORNIACHANCELLOR UNIT 1 (03)VALENCE OPER CO
2026TERRY NORMA JEANCHANCELLOR UNIT 1 (03)VALENCE OPER CO
2026WILLIFORD JEAN & GRAHAM DEVOECHANCELLOR UNIT 1 (03)VALENCE OPER CO
2026LONEJACK II LLCCHANCELLOR UNIT 1 (03)VALENCE OPER CO
2026RL FASH LTDCHANCELLOR UNIT 1 (03)VALENCE OPER CO
2026COOPER DEWELL J IIICHANCELLOR UNIT 1 (03)VALENCE OPER CO
Displaying 8 of 141 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 3May 2026ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3May 2026VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1May 2026ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1May 2026VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Apr 2026VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Apr 2026ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Apr 2026ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Apr 2026VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Mar 2026ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Mar 2026PLAINS MARKETING, L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Mar 2026VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Mar 2026ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Mar 2026VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Feb 2026ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Feb 2026ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Feb 2026VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Feb 2026VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Jan 2026ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Jan 2026VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Jan 2026ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Jan 2026VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Dec 2025VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Dec 2025ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY