State

Oil & Gas Property in Gaines County, TX

  2. Texas
  3. Gaines County, TX
  4. Oil & Gas Properties in Gaines County, TX
  5. State Oil & Gas Property

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Property Summary

Key data points for State

CountyGaines County, TX
OperatorRICHLAND RESOURCES CORPORATION
Production DatesJan 1993 - Jun 2025
Total Oil Production1 BBLs
Total Gas Production252,714 MCF
Recent Oil Production0 BBLs in May 2025
Recent Gas Production114 MCF in May 2025
Wells on Property3

Our Valuation Estimates for State

ShaleAssessment™

$487 *

MarketMultiple™

$350 **

* 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 Jun 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, TX635 BBLs0 MCFJun 2025
Braddock JohnGaines County, TX342 BBLs0 MCFJun 2025
Buck WalterGaines County, TX0 BBLs79 MCFJun 2025
CornettGaines County, TX859 BBLs73 MCFJun 2025
Cunningham-DGaines County, TX0 BBLs251 MCFJun 2025
G-M-K /San Andres/ UnitGaines County, TX366 BBLs59 MCFJun 2025
G-M-K West UnitGaines County, TX1,402 BBLs405 MCFJun 2025
GrangerGaines County, TX275 BBLs16 MCFJun 2025
H & J SecGaines County, TX2,035 BBLs0 MCFJun 2025
Hannah KateGaines County, TX685 BBLs0 MCFJun 2025
HomannGaines County, TX51 BBLs1,491 MCFJun 2025
Homann San Andres UnitGaines County, TX1,497 BBLs0 MCFJun 2025
JamesonGaines County, TX446 BBLs0 MCFJun 2025
May TomGaines County, TX3,376 BBLs81,603 MCFJun 2025
NorthrupGaines County, TX277 BBLs82 MCFJun 2025
RileyGaines County, TX0 BBLs915 MCFJun 2025
RileyGaines County, TX0 BBLs78 MCFJun 2025
Riley T. S. EstaGaines County, TX182 BBLs0 MCFJun 2025
Sheridan 96Gaines County, TX47 BBLs0 MCFJun 2025
ShermanGaines County, TX140 BBLs0 MCFJun 2025

Companies in the Area

These are the closest 20 companies operating near the State property.

Company Name
Clark, John M., Inc.
Concho Oilfield Serv & Oper Co.
Extex Operating Company
Griffin Petroleum Company
Henry Petroleum Corp.
Hilcorp Energy Company
Ip Petroleum Company, Inc.
Knox Industries, Inc.
Laguna Petroleum Corporation
Maverick Operating, LLC
Maynard Oil Co.
McClure Oil Company, Inc.
Mobil Oil Corporation
Mobil Producing TX. & N.M. Inc.
Oxy USA WTP LP
Petex
Richland Resources Corporation
Stanolind Operating LLC
Young Marshall R Oil Co
Yucca Energy, Inc.

Owners of State

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025RICHLAND RESOURCES CORPORATIONSTATE #1RICHLAND RESOU
2025KNOX LYNDASTATE #1RICHLAND RESOU
2025EXEMPT-STATE OF TEXASSTATE #1RICHLAND RESOU
2025KNOX KAYE ELIZABETHSTATE #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