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 - Oct 2025
Total Oil Production1 BBLs
Total Gas Production253,020 MCF
Recent Oil ProductionNo Recent Prod.
Recent Gas ProductionNo Recent Prod.
Wells on Property3

Our Valuation Estimates for State

ShaleAssessment™

$461 *

MarketMultiple™

$261 **

* 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 Oct 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 NameOperatorCounty
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, TX492 BBLs0 MCFJan 2026
Braddock JohnGaines County, TX517 BBLs0 MCFJan 2026
Buck WalterGaines County, TX0 BBLs0 MCFOct 2025
CornettGaines County, TX903 BBLs76 MCFJan 2026
Cunningham DGaines County, TX0 BBLs0 MCFOct 2025
G-M-K /San Andres/ UnitGaines County, TX222 BBLs44 MCFJan 2026
G-M-K West UnitGaines County, TX1,322 BBLs349 MCFJan 2026
GrangerGaines County, TX150 BBLs15 MCFJan 2026
H & J SecGaines County, TX1,291 BBLs0 MCFJan 2026
Hannah KateGaines County, TX695 BBLs0 MCFJan 2026
HomannGaines County, TX45 BBLs397 MCFJan 2026
Homann San Andres UnitGaines County, TX1,506 BBLs0 MCFJan 2026
JamesonGaines County, TX352 BBLs0 MCFJan 2026
May TomGaines County, TX3,833 BBLs101,327 MCFJan 2026
NorthrupGaines County, TX340 BBLs0 MCFJan 2026
RileyGaines County, TX0 BBLs394 MCFDec 2025
RileyGaines County, TX0 BBLs0 MCFSep 2025
Riley T. S. EstaGaines County, TX182 BBLs0 MCFJan 2026
Sheridan 96Gaines County, TX38 BBLs0 MCFJan 2026
ShermanGaines County, TX225 BBLs0 MCFJan 2026

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 KAYE ELIZABETHSTATE #1RICHLAND RESOU
2025KNOX LYNDASTATE #1RICHLAND RESOU
2025EXEMPT-STATE OF TEXASSTATE #1RICHLAND RESOU

Oil & Gas Sales on State

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
8A-076295STATE 1Sep 2025KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Aug 2025KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jul 2025KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jun 2025KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1May 2025KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Apr 2025KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
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