Cone

Oil & Gas Property in Gaines County, TX

Property Summary

Key data points for Cone

CountyGaines County, TX
OperatorPARALLEL PETROLEUM LLC
Production DatesJan 1993 - Apr 2025
Total Oil Production129,463 BBLs
Total Gas Production22,259 MCF
Recent Oil Production9 BBLs in Mar 2025
Recent Gas Production0 MCF in Mar 2025
Wells on Property3

Our Valuation Estimates for Cone

ShaleAssessment

$251 *

MarketMultiple

$958 **

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

Based on a decimal interest

Cone Production Graph

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

Wells on Cone

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-165-32408CONE 1PARALLEL PETROLEUM LLCShut InGaines County, TX32.553643-102.634336
42-165-33398CONE 2PARALLEL PETROLEUM LLCProducingGaines County, TX32.552789-102.637424
42-165-36656CONE 3PARALLEL PETROLEUM LLCShut InGaines County, TX32.551870-102.639836

Leases included in Cone

Lease #Lease NameOperatorCountyMonthly Oil Prod.
08-28377CONEPARALLEL PETROLEUM LLCGaines County, TX
8A-64402CONECAPROCK OIL & GAS, INC.Gaines County, TX

Nearby Properties

These are the closest 20 properties to the Cone property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
ApolloGaines County, TX447 BBLs421 MCFApr 2025
BromiosGaines County, TX326 BBLs793 MCFApr 2025
Carm-Ann San Andres UnitGaines County, TX6,207 BBLs0 MCFApr 2025
Colgan St. AGaines County, TX341 BBLs0 MCFApr 2025
E. C. M. LeaseGaines County, TX0 BBLs0 MCFJan 2025
ElamGaines County, TX4,306 BBLs135 MCFApr 2025
Elam (Queen Sand) UnitGaines County, TX0 BBLs0 MCFOct 2024
Good BullGaines County, TX486 BBLs0 MCFApr 2025
HarrisAndrews County, TX0 BBLs0 MCFJul 2021
MarsGaines County, TX0 BBLs0 MCFMar 2024
MayoGaines County, TX73 BBLs0 MCFApr 2025
McConal-ClarkGaines County, TX552 BBLs0 MCFApr 2025
MeropeGaines County, TX0 BBLs0 MCFApr 2019
Russell L. BGaines County, TX359 BBLs0 MCFApr 2025
ScipioGaines County, TX372 BBLs468 MCFApr 2025
ShusaGaines County, TX6,189 BBLs0 MCFApr 2025
SimpsonGaines County, TX0 BBLs0 MCFOct 2022
Thompson BGaines County, TX1,069 BBLs0 MCFApr 2025
TiberiusGaines County, TX421 BBLs380 MCFApr 2025
WinklesGaines County, TX279 BBLs0 MCFApr 2025

Owners of Cone

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024PARALLEL PETROLEUM LLCCONEPARALLEL PETRO
2024WILLIAMS TRUST FBO MMPCONEPARALLEL PETRO
2024MABEE J E & L E FOUNDATION INCCONEPARALLEL PETRO

Oil & Gas Sales on Cone

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-28377CONEDec 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEOct 2022PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEMar 2020PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEApr 2018PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJan 2017PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEFeb 2016PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONESep 2015PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJul 2015PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEMar 2015PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONENov 2014PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJul 2014PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEFeb 2014PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEDec 2013PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEAug 2013PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJan 2013PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEOct 2012PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJun 2012PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEMar 2012CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEDec 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEOct 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEAug 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEMay 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEFeb 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJan 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONENov 2010CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC