State

Oil & Gas Property in Gaines County, TX

Property Summary

Key data points for State

CountyGaines County, TX
OperatorRICHLAND RESOURCES CORPORATION
Production DatesJan 1993 - Jan 2024
Total Oil Production1 BBLs
Total Gas Production251,502 MCF
Recent Oil Production0 BBLs in Dec 2023
Recent Gas Production89 MCF in Dec 2023
Wells on Property3

Our Valuation Estimates for State

ShaleAssessment

$708 *

MarketMultiple

$319 **

* 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 Jan 2024

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, TX466 BBLs0 MCFJan 2024
Braddock JohnGaines County, TX89 BBLs0 MCFJan 2024
Buck WalterGaines County, TX0 BBLs87 MCFJan 2024
CornettGaines County, TX1,041 BBLs22 MCFJan 2024
Cunningham DGaines County, TX0 BBLs231 MCFJan 2024
G-M-K /San Andres/ UnitGaines County, TX637 BBLs177 MCFJan 2024
G-M-K West UnitGaines County, TX1,109 BBLs175 MCFJan 2024
GrangerGaines County, TX256 BBLs45 MCFJan 2024
H & J SecGaines County, TX1,248 BBLs0 MCFJan 2024
Hannah KateGaines County, TX788 BBLs0 MCFJan 2024
HomannGaines County, TX60 BBLs1,806 MCFJan 2024
Homann San Andres UnitGaines County, TX1,574 BBLs0 MCFJan 2024
JamesonGaines County, TX388 BBLs0 MCFJan 2024
May TomGaines County, TX2,709 BBLs103 MCFJan 2024
NorthrupGaines County, TX186 BBLs0 MCFJan 2024
RileyGaines County, TX0 BBLs1,432 MCFJan 2024
RileyGaines County, TX0 BBLs521 MCFJan 2024
Riley T. S. EstaGaines County, TX142 BBLs0 MCFJan 2024
Sheridan 96Gaines County, TX43 BBLs0 MCFDec 2023
ShermanGaines County, TX107 BBLs0 MCFJan 2024

Owners of State

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023RICHLAND RESOURCES CORPORATIONSTATE #1RICHLAND RESOU
2023EXEMPT-STATE OF TEXASSTATE #1RICHLAND RESOU
2023KNOX KAYE ELIZABETHSTATE #1RICHLAND RESOU
2023KNOX LYNDASTATE #1RICHLAND RESOU

Oil & Gas Sales on State

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
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
8A-076295STATE 1Nov 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Oct 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Sep 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Aug 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jul 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jun 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1May 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Apr 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Mar 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Feb 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jan 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Dec 2021KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Nov 2021KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION