Best

Oil & Gas Property in Martin County, TX

  2. Texas
  3. Martin County, TX
  4. Oil & Gas Properties in Martin County, TX
  5. Best Oil & Gas Property

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Property Summary

Key data points for Best

CountyMartin County, TX
Production DatesApr 2009 - Jan 2024
Total Oil Production93,772 BBLs
Total Gas Production220,623 MCF
Recent Oil Production194 BBLs in Dec 2023
Recent Gas Production293 MCF in Dec 2023
Wells on Property1

Our Valuation Estimates for Best

ShaleAssessment™

$16,509 *

MarketMultiple™

$20,106 **

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

Based on a decimal interest

Best Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Best
from Apr 2009 to Jan 2024

Wells on Best

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-35457BEST 12 1MIDLAND ENERGY, INC.ProducingMartin County, TX32.155439-101.778464

Leases included in Best

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-23911BEST, ET ALMGF OIL CORPORATIONMartin County, TX
08-39545BEST "12"MIDLAND ENERGY, INC.Martin County, TX

Operators Associated With Best

Nearby Properties

These are the closest 20 properties to the Best property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Armstrong 12Martin County, TX612 BBLs1,519 MCFJan 2024
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
HerzogMartin County, TX1,184 BBLs2,897 MCFJan 2024
Jones BrosMartin County, TX364 BBLs1,852 MCFJan 2024
Marienfeld 13Martin County, TX37,381 BBLs183,337 MCFJan 2024
MillhollonMartin County, TX279 BBLs554 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
TerrellMartin County, TX1,280 BBLs6,115 MCFJan 2024
VLT Kimber Hunter UnitMartin County, TX3,501 BBLs4,927 MCFJan 2024
VLT Rigby UnitMartin County, TX11,465 BBLs36,843 MCFJan 2024
VLT Sharps UnitMartin County, TX13,805 BBLs25,863 MCFJan 2024
WheelerMartin County, TX402 BBLs1,302 MCFJan 2024

Companies in the Area

These are the closest 20 companies operating near the Best property.

Company Name
Alta Energy Corporation
Arya Resources, LLC
Berry Oil Comp.
Chevron USA Inc
Civitas Permian Operating, LLC
Crownquest Operating, LLC
Cutbow Operating, LLC
Energen Resources Corporation
H & O Operating Co
Keystone Energy Oil & Gas Inc
Meritage Energy Company LLC
MGF Oil Corporation
Midland Energy, Inc.
Petroplex Energy Inc.
Pioneer Natural Res. USA, Inc.
Rosewood Resources, Inc.
Scout Energy Management LLC
Vencer Energy, LLC
Wilton Oil Company
XTO Energy Inc.

Owners of Best

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023MIDLAND ENERGY INCBEST "12" #1MIDLAND ENERGY
2023PARTEE ZILLA ROSE BESTBEST "12" #1MIDLAND ENERGY
2023REEVES FAMILY PROPERTIES LPBEST "12" #1MIDLAND ENERGY
2023BEST JAMES WBEST "12" #1MIDLAND ENERGY
2023LGA ENERGY & REAL ESTATE LPBEST "12" #1MIDLAND ENERGY
2023RCA ENERGY & REAL ESTATE LPBEST "12" #1MIDLAND ENERGY
2023EILAND PAIGE FAMILY TRBEST "12" #1MIDLAND ENERGY
2023TUMBLER OPERATING PARTNERS LLCBEST "12" #1MIDLAND ENERGY
Displaying 8 of 36 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Best

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-39545BEST "12"Nov 2023SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Nov 2023DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"Oct 2023DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"Sep 2023SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Aug 2023DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"Aug 2023SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Jul 2023SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Jul 2023DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"Jun 2023SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Jun 2023DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"May 2023DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"Apr 2023SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Apr 2023DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"Mar 2023SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Feb 2023SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Jan 2023SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Jan 2023DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"Dec 2022SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Dec 2022DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"Nov 2022SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Nov 2022DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"Oct 2022SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Sep 2022DCP OPERATING COMPANY, LPMIDLAND ENERGY, INC.
08-39545BEST "12"Sep 2022SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.
08-39545BEST "12"Aug 2022SHELL TRADING (US) COMPANYMIDLAND ENERGY, INC.