Gibbs Unit

Oil & Gas Property in Hood County, TX

Property Summary

Key data points for Gibbs Unit

CountyHood County, TX
Production DatesJul 2005 - Jan 2024
Total Oil Production4,942 BBLs
Total Gas Production5,500,842 MCF
Recent Oil Production0 BBLs in Dec 2023
Recent Gas Production14,922 MCF in Dec 2023
Wells on Property5

Our Valuation Estimates for Gibbs Unit

ShaleAssessment

$77,716 *

MarketMultiple

$48,758 **

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

Based on a decimal interest

Gibbs Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Gibbs Unit
from Jul 2005 to Jan 2024

Wells on Gibbs Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-221-31009GIBBS UNIT 2HDIVERSIFIED PRODUCTION LLCProducingHood County, TX32.351879-97.654185
42-221-31010GIBBS UNIT 1HDIVERSIFIED PRODUCTION LLCProducingHood County, TX32.351859-97.653933
42-221-31600GIBBS UNIT 3HDIVERSIFIED PRODUCTION LLCProducingHood County, TX32.351820-97.653827
42-221-31601GIBBS UNIT 4HDIVERSIFIED PRODUCTION LLCProducingHood County, TX32.351778-97.653828
42-221-31656GIBBS UNIT 5HQUICKSILVER RESOURCES INC.Horizontal Well Surface LocatioHood County, TX32.351737-97.653828

Leases included in Gibbs Unit

Lease #Lease NameOperatorCountyMonthly Gas Prod.
09-211591GIBBS UNIT 2HDIVERSIFIED PRODUCTION LLCHood County, TX
09-212018GIBBS UNIT 1HDIVERSIFIED PRODUCTION LLCHood County, TX
09-240657GIBBS UNIT 4HDIVERSIFIED PRODUCTION LLCHood County, TX
09-241330GIBBS UNIT 3HDIVERSIFIED PRODUCTION LLCHood County, TX

Operators Associated With Gibbs Unit

Nearby Properties

These are the closest 20 properties to the Gibbs Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bob DenverHood County, TX0 BBLs5,780 MCFJan 2024
Brown Hill UnitHood County, TX4 BBLs7,395 MCFJan 2024
Campos UnitHood County, TX0 BBLs37,080 MCFJan 2024
Colonel Flagg UnitHood County, TX28 BBLs14,410 MCFJan 2024
Denver Bob UnitHood County, TX0 BBLs7,653 MCFJan 2024
Gilligan UnitHood County, TX0 BBLs13,847 MCFJan 2024
Hawkeye UnitHood County, TX14 BBLs6,217 MCFJan 2024
Hot Lips UnitHood County, TX69 BBLs17,160 MCFJan 2024
KamellHood County, TX0 BBLs15,988 MCFJan 2024
Ladd UnitHood County, TX0 BBLs15,636 MCFJan 2024
Major Burns UnitHood County, TX0 BBLs4,071 MCFJan 2024
Mary AnnHood County, TX114 BBLs13,247 MCFJan 2024
Mooney UnitHood County, TX0 BBLs22,175 MCFJan 2024
PallmeyerHood County, TX676 BBLs30,531 MCFJan 2024
Parker UnitHood County, TX0 BBLs19,454 MCFJan 2024
ProfessorHood County, TX0 BBLs8,929 MCFJan 2024
RadarHood County, TX0 BBLs11,874 MCFJan 2024
San Raphael UnitHood County, TX0 BBLs20,889 MCFJan 2024
Trapper JohnHood County, TX31 BBLs14,991 MCFJan 2024
Zbar Land & Cattle CoHood County, TX23 BBLs10,141 MCFJan 2024

Owners of Gibbs Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023DIVERSIFIED PRODUCTION LLCGIBBS UNIT 3HDIVERSIFIED PROD LLC
2023DIVERSIFIED PRODUCTION LLCGIBBS UNIT 4HDIVERSIFIED PROD LLC
2023DIVERSIFIED PRODUCTION LLCGIBBS UNIT 2HDIVERSIFIED PROD LLC
2023GIBBS DOROTHY PINSONGIBBS UNIT 3HDIVERSIFIED PROD LLC
2023GIBBS DOROTHY PINSONGIBBS UNIT 4HDIVERSIFIED PROD LLC
2023GIBBS DOROTHY PINSONGIBBS UNIT 2HDIVERSIFIED PROD LLC
2023MONARCH RESOURCES INCGIBBS UNIT 3HDIVERSIFIED PROD LLC
2023LEONARD O P JR INVESTMENT COGIBBS UNIT 3HDIVERSIFIED PROD LLC
Displaying 8 of 171 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Gibbs Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
09-240657GIBBS UNIT 4HSep 2023DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HSep 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HSep 2023DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HSep 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HAug 2023DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HAug 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HAug 2023DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HAug 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HJul 2023DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HJul 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HJul 2023DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HJul 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HJun 2023DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HJun 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HJun 2023DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HJun 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HMay 2023DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HMay 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HMay 2023DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HMay 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HApr 2023DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HApr 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HApr 2023DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HApr 2023DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HMar 2023DIVERSIFIED PRODUCTION LLC