Drogon U1-Meraxes 38

Oil & Gas Property in Martin County, TX

  2. Texas
  3. Martin County, TX
  4. Oil & Gas Properties in Martin County, TX
  5. Drogon U1-Meraxes 38 Oil & Gas Property

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Property Summary

Key data points for Drogon U1-Meraxes 38

CountyMartin County, TX
OperatorXTO ENERGY INC.
Production DatesMar 2026 - Jun 2026
Total Oil Production160,073 BBLs
Total Gas Production163,473 MCF
Recent Oil Production49,740 BBLs in May 2026
Recent Gas Production59,005 MCF in May 2026
Wells on Property2

Our Valuation Estimates for Drogon U1-Meraxes 38

ShaleAssessment™

Not Available

MarketMultiple™

$2,356,168 **

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

Based on a decimal interest

Drogon U1-Meraxes 38 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Drogon U1-Meraxes 38
from Mar 2026 to Jun 2026

Wells on Drogon U1-Meraxes 38

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-46915DROGON U1-MERAXES 38A 5HXTO ENERGY INC.ProducingMartin County, TX32.308256-101.852395
42-317-46916DROGON U1-MERAXES 38B 6HXTO ENERGY INC.ProducingMartin County, TX32.308281-101.852302

Leases included in Drogon U1-Meraxes 38

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-64621DROGON U1-MERAXES 38BXTO ENERGY INC.Martin County, TX
08-64695DROGON U1-MERAXES 38AXTO ENERGY INC.Martin County, TX

Nearby Properties

These are the closest 20 properties to the Drogon U1-Meraxes 38 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
CaseyMartin County, TX0 BBLs0 MCFApr 2026
Clear CreekMartin County, TX0 BBLs0 MCFApr 2026
Drogon UMartin County, TX297,913 BBLs304,710 MCFJun 2026
FeasterMartin County, TX0 BBLs0 MCFApr 2026
GaskinsMartin County, TX0 BBLs0 MCFApr 2026
Glaspie-Harvard 11oMartin County, TX5,597 BBLs20,683 MCFJun 2026
GreenhawMartin County, TX0 BBLs0 MCFApr 2026
Hill UnitMartin County, TX144,554 BBLs338,801 MCFJun 2026
HopperMartin County, TX0 BBLs0 MCFMar 2025
KuhlmanMartin County, TX0 BBLs0 MCFApr 2026
MildredMartin County, TX0 BBLs0 MCFApr 2026
MimsMartin County, TX6,606 BBLs70,884 MCFJun 2026
NorrisMartin County, TX14,116 BBLs130,888 MCFJun 2026
PatriciaMartin County, TX19,330 BBLs62,585 MCFJun 2026
Patricia-Norris AllocationMartin County, TX2,019 BBLs28,724 MCFJun 2026
Rhaegal UnitMartin County, TX111,002 BBLs388,065 MCFJun 2026
SawyerMartin County, TX0 BBLs0 MCFDec 2024
ThunderboltMartin County, TX0 BBLs0 MCFApr 2026
Viserion UnitMartin County, TX45,667 BBLs178,216 MCFJun 2026
Viserion-Drogon AllocMartin County, TX6,391 BBLs36,935 MCFJun 2026

Companies in the Area

These are the closest 20 companies operating near the Drogon U1-Meraxes 38 property.

Company Name
Arco Permian
Breitburn Operating LP
Cox, John L.
De3 Operating LLC
Diamondback E&P LLC
Endeavor Energy Resources, LP
Extex Operating Company
Exxon Corporation
Merit Energy Company
MGF Oil Corporation
New Height Energy, LLC
Odessa Exploration, Inc.
Parker & Parsley Development L.P
Parsley Energy Operations, LLC
Petro-West Corporation
Petroplex Energy Inc.
Pioneer Natural Res. USA, Inc.
Santa Fe Energy Resources, Inc.
Terrace Petroleum Corporation
XTO Energy Inc.

Frac'ing activity on Drogon U1-Meraxes 38

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-317-46915Drogon U1-Meraxes 38A 5H
42-317-46916Drogon U1-Meraxes 38B 6H

Oil & Gas Sales on Drogon U1-Meraxes 38

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-64695DROGON U1-MERAXES 38AJun 2026XTO ENERGY INC.XTO ENERGY INC.
08-64621DROGON U1-MERAXES 38BJun 2026XTO ENERGY INC.XTO ENERGY INC.
08-64695DROGON U1-MERAXES 38AMay 2026XTO ENERGY INC.XTO ENERGY INC.
08-64621DROGON U1-MERAXES 38BMay 2026XTO ENERGY INC.XTO ENERGY INC.
08-64621DROGON U1-MERAXES 38BMay 2026XTO ENERGY INC.XTO ENERGY INC.
08-64621DROGON U1-MERAXES 38BMay 2026ENERGY TRANSFER FUEL, LPXTO ENERGY INC.
08-64621DROGON U1-MERAXES 38BMay 2026EXXONMOBIL OIL CORPORATIONXTO ENERGY INC.
08-64621DROGON U1-MERAXES 38BApr 2026ACE GATHERING, INC.PIONEER WATER MANAGEMENT LLC
08-64621DROGON U1-MERAXES 38BApr 2026XTO ENERGY INC.XTO ENERGY INC.
08-64621DROGON U1-MERAXES 38BApr 2026XTO ENERGY INC.XTO ENERGY INC.
08-64695DROGON U1-MERAXES 38AApr 2026XTO ENERGY INC.XTO ENERGY INC.
08-64695DROGON U1-MERAXES 38AApr 2026ACE GATHERING, INC.PIONEER WATER MANAGEMENT LLC
08-64621DROGON U1-MERAXES 38BApr 2026ENERGY TRANSFER FUEL, LPXTO ENERGY INC.
08-64621DROGON U1-MERAXES 38BApr 2026EXXONMOBIL OIL CORPORATIONXTO ENERGY INC.