Big Red Unit 75-82

Oil & Gas Property in Martin County, TX

  2. Texas
  3. Martin County, TX
  4. Oil & Gas Properties in Martin County, TX
  5. Big Red Unit 75-82 Oil & Gas Property

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Property Summary

Key data points for Big Red Unit 75-82

CountyMartin County, TX
OperatorELEMENT PETROLEUM OP III, LLC
Production DatesMar 2018 - Oct 2023
Total Oil Production235,573 BBLs
Total Gas Production121,456 MCF
Recent Oil ProductionNo Recent Prod.
Recent Gas ProductionNo Recent Prod.
Wells on Property3

Our Valuation Estimates for Big Red Unit 75-82

ShaleAssessment™

$75,916 *

MarketMultiple™

$103,151 **

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

Based on a decimal interest

Big Red Unit 75-82 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Big Red Unit 75-82
from Mar 2018 to Oct 2023

Wells on Big Red Unit 75-82

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-41058BIG RED UNIT 75-82 5HELEMENT PETROLEUM OP III, LLCProducingMartin County, TX32.455455-101.878257
42-317-41482BIG RED UNIT 75-82 6AHELEMENT PETROLEUM OP III, LLCProducingMartin County, TX32.456017-101.876783
42-317-44513BIG RED UNIT 75-82 5LSELEMENT PETROLEUM OP III, LLCHorizontal Well Surface LocatioMartin County, TX32.455603-101.879534

Leases included in Big Red Unit 75-82

Lease #Lease NameOperatorCounty
08-50315BIG RED UNIT 75-82ELEMENT PETROLEUM OP III, LLCMartin County, TX

Nearby Properties

These are the closest 20 properties to the Big Red Unit 75-82 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AbraxasMartin County, TX2,140 BBLs58 MCFJan 2024
ArnoldMartin County, TX6,634 BBLs7,837 MCFJan 2024
Baby Face Nelson Unit 17-8Martin County, TX2,773 BBLs608 MCFJan 2024
BalconesMartin County, TX154,938 BBLs181,014 MCFJan 2024
Deatherege 18Martin County, TX0 BBLs0 MCFJul 2023
Moses Trust 69Martin County, TX412 BBLs0 MCFJan 2024
PennybackerMartin County, TX44,119 BBLs78,491 MCFJan 2024
Salt LickMartin County, TX14,606 BBLs15,385 MCFJan 2024
Shake And Bake Unit 74-69Martin County, TX4,478 BBLs1,003 MCFJan 2024
Shape Shifter Unit 80-85Martin County, TX9,111 BBLs1,998 MCFJan 2024
SlaughterMartin County, TX308 BBLs0 MCFJan 2024
Slingshot Engaged Unit 75-82Martin County, TX4,981 BBLs971 MCFJan 2024
Spider Monkey Unit 17-19Martin County, TX1,528 BBLs281 MCFJan 2024
Stevie Ray EMartin County, TX12,278 BBLs16,303 MCFJan 2024
Stevie Ray W AllocationMartin County, TX5,604 BBLs13,367 MCFJan 2024
Stevie Ray W UnitMartin County, TX24,421 BBLs66,231 MCFJan 2024
StoneMartin County, TX88 BBLs0 MCFJan 2024
Treaty Oak AllocationMartin County, TX13,552 BBLs14,049 MCFJan 2024
Treaty Oak E UnitMartin County, TX20,945 BBLs9,780 MCFJan 2024
Treaty Oak W UnitMartin County, TX114,064 BBLs107,735 MCFJan 2024

Companies in the Area

These are the closest 20 companies operating near the Big Red Unit 75-82 property.

Company Name
Black Arrow Operating, LLC
Brown, H. L., Jr.
Central Texas Operating, Inc.
Cox, John L.
Diamondback E&P LLC
Element Petroleum Op III, LLC
Endeavor Energy Resources, LP
Esperanza Energy Corp.
Hallwood Energy Corporation
Hallwood Petroleum, Inc.
Legacy Reserves Operating LP
Marcum Drilling Co.
Otb Operating, LLC
Ovintiv USA Inc.
Petrolegacy Energy II, LLC
Pioneer Natural Res. USA, Inc.
Roff Operating Company LLC
Scythian, LTD.
Smith Brothers Oil & Gas, Inc.
Smith Pipe Of Abilene

Owners of Big Red Unit 75-82

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023ELEMENT PETROLEUM OP III LLCBIG RED UNIT 75-82ELEMENT PETROLEUM
2023BAUER ANELLA SLAUGHTER INT LTDBIG RED UNIT 75-82ELEMENT PETROLEUM
2023JASE MINERALS LPBIG RED UNIT 75-82ELEMENT PETROLEUM
2023BAUER RICHARD S SEP PROPERTYBIG RED UNIT 75-82ELEMENT PETROLEUM
2023LETCHER MINERALS LLCBIG RED UNIT 75-82ELEMENT PETROLEUM
2023REDWOOD EXPLORATION CO LLCBIG RED UNIT 75-82ELEMENT PETROLEUM
2023MDH INVESTMENTS LPBIG RED UNIT 75-82ELEMENT PETROLEUM
2023CHILDRESS JOHN FRANKLINBIG RED UNIT 75-82ELEMENT PETROLEUM
Displaying 8 of 40 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Big Red Unit 75-82

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-50315BIG RED UNIT 75-82Oct 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Oct 2023ELEMENT PETROLEUM OPERATING III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Sep 2023LPC CRUDE III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Sep 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Sep 2023ELEMENT PETROLEUM OPERATING III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Aug 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Jul 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Jul 2023ELEMENT PETROLEUM OPERATING III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Jun 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82May 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82May 2023ELEMENT PETROLEUM OPERATING III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Apr 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Mar 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Mar 2023ELEMENT PETROLEUM OPERATING III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Feb 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Jan 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Jan 2023ELEMENT PETROLEUM OPERATING III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Dec 2022PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Dec 2022ELEMENT PETROLEUM OPERATING III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Nov 2022ELEMENT PETROLEUM OPERATING III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Oct 2022PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Sep 2022PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Sep 2022ELEMENT PETROLEUM OPERATING III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Jul 2022PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-50315BIG RED UNIT 75-82Jun 2022PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC