Lake

Oil & Gas Property in Jack County, TX

Property Summary

Key data points for Lake

CountyJack County, TX
OperatorBEST PETROLEUM EXPLORATIONS,INC.
Production DatesJan 2012 - Apr 2025
Total Oil Production121,796 BBLs
Total Gas Production536,986 MCF
Recent Oil Production32 BBLs in Mar 2025
Recent Gas Production270 MCF in Mar 2025
Wells on Property4

Our Valuation Estimates for Lake

ShaleAssessment

$4,857 *

MarketMultiple

$4,394 **

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

Based on a decimal interest

Lake Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Lake
from Jan 2012 to Apr 2025

Wells on Lake

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-237-39446LAKE 1BEST PETROLEUM EXPLORATIONS,INC.Shut InJack County, TX33.267938-98.359631
42-237-39529LAKE 2BEST PETROLEUM EXPLORATIONS,INC.ProducingJack County, TX33.267927-98.356620
42-237-39610LAKE 3BEST PETROLEUM EXPLORATIONS,INC.Temp AbandonedJack County, TX33.265222-98.359702
42-237-40518LAKE 4BEST PETROLEUM EXPLORATIONS,INC.ProducingJack County, TX33.262476-98.356094

Leases included in Lake

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
09-283796LAKE 3BEST PETROLEUM EXPLORATIONS,INC.Jack County, TX
09-32151LAKEBEST PETROLEUM EXPLORATIONS,INC.Jack County, TX
09-32190LAKEBEST PETROLEUM EXPLORATIONS,INC.Jack County, TX
09-33020LAKEBEST PETROLEUM EXPLORATIONS,INC.Jack County, TX
09-33876LAKEBEST PETROLEUM EXPLORATIONS,INC.Jack County, TX

Nearby Properties

These are the closest 20 properties to the Lake property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AllarJack County, TX30 BBLs1,150 MCFApr 2025
Allar Company AJack County, TX4 BBLs532 MCFApr 2025
Blair, MaryJack County, TX0 BBLs55 MCFApr 2025
CarterJack County, TX445 BBLs0 MCFApr 2025
ClaytonJack County, TX0 BBLs287 MCFApr 2025
CozartJack County, TX6 BBLs1,308 MCFApr 2025
EasterJack County, TX142 BBLs2,352 MCFApr 2025
Flo-CoopJack County, TX37 BBLs0 MCFApr 2025
GrahamJack County, TX91 BBLs716 MCFApr 2025
J. R. Clayton Ranch (Caddo) UnitJack County, TX1 BBLs0 MCFApr 2025
Jones LowellJack County, TX0 BBLs130 MCFApr 2025
KingJack County, TX53 BBLs179 MCFApr 2025
LovingJack County, TX4 BBLs1,120 MCFApr 2025
Loving J.W. EstateJack County, TX78 BBLs0 MCFMar 2025
RoneyJack County, TX113 BBLs553 MCFApr 2025
Sanders B. GJack County, TX73 BBLs0 MCFApr 2025
South EasterJack County, TX165 BBLs892 MCFApr 2025
SublettJack County, TX97 BBLs360 MCFApr 2025
WareJack County, TX34 BBLs475 MCFApr 2025
WiltonJack County, TX120 BBLs749 MCFApr 2025

Owners of Lake

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024BEST PETROLEUM EXP INCLAKE #2BEST PETROLEUM EXPL
2024BEST PETROLEUM EXP INCLAKE #4BEST PETROLEUM EXPL

Oil & Gas Sales on Lake

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
09-33876LAKEFeb 2025COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEJan 2025COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEDec 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEDec 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKENov 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEOct 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKESep 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEAug 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEJul 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEJul 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEJul 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEJun 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEJun 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEMay 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEMay 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEMay 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEApr 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEMar 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEMar 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEFeb 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEJan 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEDec 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEDec 2023TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKENov 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEOct 2023TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.