Polar

Oil & Gas Property in Loving County, TX

Property Summary

Key data points for Polar

CountyLoving County, TX
OperatorATLANTIC OPERATING II, LLC
Production DatesJan 2010 - Jan 2024
Total Oil Production378,105 BBLs
Total Gas Production522,925 MCF
Recent Oil Production1,381 BBLs in Dec 2023
Recent Gas Production2,317 MCF in Dec 2023
Wells on Property8

Our Valuation Estimates for Polar

ShaleAssessment

$78,843 *

MarketMultiple

$193,591 **

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

Based on a decimal interest

Polar Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Polar
from Jan 2010 to Jan 2024

Wells on Polar

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-301-31518POLAR 1ATLANTIC OPERATING II, LLCProducingLoving County, TX31.891387-103.591849
42-301-31526POLAR 2ATLANTIC OPERATING II, LLCProducingLoving County, TX31.891474-103.585376
42-301-31528POLAR 4ATLANTIC OPERATING II, LLCProducingLoving County, TX31.893996-103.584868
42-301-31529POLAR 3ATLANTIC OPERATING II, LLCProducingLoving County, TX31.893352-103.587790
42-301-31590POLAR 5ATLANTIC OPERATING II, LLCProducingLoving County, TX31.896854-103.583194
42-301-31651POLAR 6ATLANTIC OPERATING II, LLCProducingLoving County, TX31.896390-103.589507
42-301-31893POLAR 7ATLANTIC OPERATING II, LLCProducingLoving County, TX31.894498-103.592842
42-301-32084POLAR 8ATLANTIC OPERATING II, LLCProducingLoving County, TX31.891535-103.594914

Leases included in Polar

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-39801POLARATLANTIC OPERATING II, LLCLoving County, TX

Nearby Properties

These are the closest 20 properties to the Polar property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
ArcticLoving County, TX1,203 BBLs1,238 MCFJan 2024
Benny 54-1-47-2Loving County, TX116,270 BBLs232,603 MCFJan 2024
BeringLoving County, TX578 BBLs585 MCFJan 2024
Bonefish 76-45 Lov UnitLoving County, TX52,575 BBLs97,006 MCFJan 2024
Bongo 76-43 Lov UnitLoving County, TX32,736 BBLs69,946 MCFJan 2024
Boomslang 54-1-38-35Loving County, TX89,650 BBLs199,618 MCFJan 2024
FranLoving County, TX0 BBLs0 MCFOct 2021
FrostLoving County, TX533 BBLs516 MCFJan 2024
Johnson W. D. Jr. EtalLoving County, TX0 BBLs0 MCFOct 2016
JuneLoving County, TX1,069 BBLs1,354 MCFJan 2024
Kudu 53-2-6 LovLoving County, TX34,157 BBLs75,807 MCFJan 2024
LovingLoving County, TX0 BBLs0 MCFApr 2020
Nyala 53-2-5 LovLoving County, TX20,467 BBLs41,054 MCFJan 2024
Pacific 1Loving County, TX355 BBLs556 MCFJan 2024
Page-JohnsonLoving County, TX0 BBLs0 MCFNov 2023
Permit 76-44 Lov UnitLoving County, TX83,953 BBLs168,373 MCFJan 2024
Python 54-1-37-48Loving County, TX250,897 BBLs601,140 MCFJan 2024
Red LakeLoving County, TX532 BBLs847 MCFJan 2024
Small Eyed 54-1-36-25 UnitLoving County, TX181,830 BBLs464,544 MCFJan 2024
TXL 3Loving County, TX57 BBLs0 MCFJan 2024

Owners of Polar

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023ATLANTIC OPERATING II LLCPOLARATLANTIC OPER II LLC
2023LOVING COUNTY MINERALS LPPOLARATLANTIC OPER II LLC
2023JOHNSON TRUST FBO D HAGGERTYPOLARATLANTIC OPER II LLC
2023ANADARKO E&P ONSHORE LLCPOLARATLANTIC OPER II LLC
2023SHELL WESTERN E&PPOLARATLANTIC OPER II LLC

Oil & Gas Sales on Polar

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-39801POLARDec 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARNov 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARNov 2023ATLANTIC OPERATING II, LLC
08-39801POLAROct 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLAROct 2023ATLANTIC OPERATING II, LLC
08-39801POLARSep 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARSep 2023ATLANTIC OPERATING II, LLC
08-39801POLARAug 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARAug 2023ATLANTIC OPERATING II, LLC
08-39801POLARJul 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARJul 2023ATLANTIC OPERATING II, LLC
08-39801POLARJun 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARJun 2023ATLANTIC OPERATING II, LLC
08-39801POLARMay 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARMay 2023ATLANTIC OPERATING II, LLC
08-39801POLARApr 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARApr 2023ATLANTIC OPERATING II, LLC
08-39801POLARMar 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARMar 2023ATLANTIC OPERATING II, LLC
08-39801POLARFeb 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARFeb 2023ATLANTIC OPERATING II, LLC
08-39801POLARJan 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARJan 2023ATLANTIC OPERATING II, LLC
08-39801POLARDec 2022ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARDec 2022ATLANTIC OPERATING II, LLC