State

Oil & Gas Property in Gaines County, TX

Property Summary

Key data points for State

CountyGaines County, TX
OperatorRICHLAND RESOURCES CORPORATION
Production DatesJan 1993 - Apr 2025
Total Oil Production1 BBLs
Total Gas Production252,489 MCF
Recent Oil Production0 BBLs in Mar 2025
Recent Gas Production76 MCF in Mar 2025
Wells on Property3

Our Valuation Estimates for State

ShaleAssessment

$499 *

MarketMultiple

$235 **

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

Based on a decimal interest

State Production Graph

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

Wells on State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-165-31299STATE 1RICHLAND RESOURCES CORPORATIONProducingGaines County, TX32.778289-102.495267
42-165-31300STATE 1-AMID-AMERICA PETROLEUM, INC.Canceled LocationGaines County, TX32.778457-102.495973
42-165-31335STATE 2MID-AMERICA PETROLEUM, INC.Canceled LocationGaines County, TX32.781523-102.495925

Leases included in State

Lease #Lease NameOperatorCountyMonthly Gas Prod.
8A-076295STATE 1RICHLAND RESOURCES CORPORATIONGaines County, TX

Nearby Properties

These are the closest 20 properties to the State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BeckhamGaines County, TX527 BBLs0 MCFApr 2025
Braddock JohnGaines County, TX96 BBLs0 MCFApr 2025
Buck WalterGaines County, TX0 BBLs46 MCFApr 2025
CornettGaines County, TX682 BBLs71 MCFApr 2025
Cunningham DGaines County, TX0 BBLs148 MCFApr 2025
Devon CornettGaines County, TX345 BBLs31 MCFApr 2025
G-M-K /San Andres/ UnitGaines County, TX479 BBLs73 MCFApr 2025
GrangerGaines County, TX238 BBLs17 MCFApr 2025
H & J SecGaines County, TX1,845 BBLs0 MCFApr 2025
Hannah KateGaines County, TX809 BBLs0 MCFApr 2025
HomannGaines County, TX51 BBLs682 MCFApr 2025
Homann San Andres UnitGaines County, TX1,588 BBLs0 MCFApr 2025
JamesonGaines County, TX538 BBLs0 MCFApr 2025
May TomGaines County, TX3,218 BBLs238 MCFApr 2025
NorthrupGaines County, TX281 BBLs47 MCFApr 2025
RileyGaines County, TX0 BBLs749 MCFApr 2025
RileyGaines County, TX0 BBLs388 MCFApr 2025
Riley T. S. EstaGaines County, TX117 BBLs0 MCFApr 2025
Sheridan 96Gaines County, TX38 BBLs0 MCFApr 2025
ShermanGaines County, TX271 BBLs0 MCFApr 2025

Owners of State

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024RICHLAND RESOURCES CORPORATIONSTATE #1RICHLAND RESOU

Oil & Gas Sales on State

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
8A-076295STATE 1Mar 2025KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Feb 2025KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jan 2025KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Dec 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Nov 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Oct 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jul 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jun 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Apr 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Mar 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Feb 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jan 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Dec 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Nov 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Oct 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Sep 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Aug 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jul 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jun 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1May 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Apr 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Mar 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Feb 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jan 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Dec 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION