Armstrong 12

Oil & Gas Property in Martin County, TX

Property Summary

Key data points for Armstrong 12

CountyMartin County, TX
OperatorPETROPLEX ENERGY INC.
Production DatesMay 2009 - Jan 2024
Total Oil Production266,412 BBLs
Total Gas Production785,420 MCF
Recent Oil Production612 BBLs in Dec 2023
Recent Gas Production1,519 MCF in Dec 2023
Wells on Property2

Our Valuation Estimates for Armstrong 12

ShaleAssessment

$55,868 *

MarketMultiple

$88,310 **

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

Based on a decimal interest

Armstrong 12 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Armstrong 12
from May 2009 to Jan 2024

Wells on Armstrong 12

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-35576ARMSTRONG 12 1PETROPLEX ENERGY INC.ProducingMartin County, TX32.152355-101.776446
42-317-35725ARMSTRONG 12 2PETROPLEX ENERGY INC.ProducingMartin County, TX32.147169-101.778350

Leases included in Armstrong 12

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-39527ARMSTRONG "12"PETROPLEX ENERGY INC.Martin County, TX

Nearby Properties

These are the closest 20 properties to the Armstrong 12 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Chesser 12Martin County, TX531 BBLs2,210 MCFJan 2024
ClementsMartin County, TX227 BBLs580 MCFJan 2024
Flanagan Annie Oil ManagementMartin County, TX220 BBLs1,369 MCFJan 2024
Frances 12Martin County, TX42,034 BBLs181,148 MCFJan 2024
GulfMartin County, TX326 BBLs200 MCFJan 2024
HarrellMartin County, TX375 BBLs1,743 MCFDec 2023
Jones BrosMartin County, TX364 BBLs1,852 MCFJan 2024
KarglMartin County, TX221 BBLs504 MCFJan 2024
Marienfeld 13Martin County, TX37,381 BBLs183,337 MCFJan 2024
MillhollonMartin County, TX279 BBLs554 MCFJan 2024
Nada Mae 17Martin County, TX593 BBLs846 MCFJan 2024
Nettie 6Martin County, TX330 BBLs991 MCFJan 2024
PetersMartin County, TX41,341 BBLs232,617 MCFJan 2024
PorterMartin County, TX540 BBLs938 MCFJan 2024
Straub 7Martin County, TX833 BBLs3,621 MCFJan 2024
VLT Kimber Dangerous Game UnitMartin County, TX3,236 BBLs5,312 MCFJan 2024
VLT Kimber Hunter UnitMartin County, TX3,501 BBLs4,927 MCFJan 2024
VLT Kimber Open Range UnitMartin County, TX4,453 BBLs5,950 MCFJan 2024
VLT Rigby UnitMartin County, TX11,465 BBLs36,843 MCFJan 2024
VLT Sharps UnitMartin County, TX13,805 BBLs25,863 MCFJan 2024

Owners of Armstrong 12

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023PETROPLEX ENERGY INCARMSTRONG "12" #1,2PETROPLEX ENERGY
2023ARMSTRONG GREGORYARMSTRONG "12" #1,2PETROPLEX ENERGY
2023JETTSTAR PROPERTIES LPARMSTRONG "12" #1,2PETROPLEX ENERGY
2023REEVES FAMILY PROPERTIES LPARMSTRONG "12" #1,2PETROPLEX ENERGY
2023LGA ENERGY & REAL ESTATE LPARMSTRONG "12" #1,2PETROPLEX ENERGY
2023RCA ENERGY & REAL ESTATE LPARMSTRONG "12" #1,2PETROPLEX ENERGY

Oil & Gas Sales on Armstrong 12

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-39527ARMSTRONG "12"Nov 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Nov 2023DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Oct 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Oct 2023DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Sep 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Aug 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Aug 2023DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Jul 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Jul 2023DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Jun 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Jun 2023DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"May 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"May 2023DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Apr 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Apr 2023DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Mar 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Mar 2023DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Feb 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Jan 2023SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Jan 2023DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Dec 2022SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Dec 2022DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Nov 2022SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Nov 2022DCP OPERATING COMPANY, LPPETROPLEX ENERGY, INC.
08-39527ARMSTRONG "12"Oct 2022SHELL TRADING (US) COMPANYPETROPLEX ENERGY, INC.