Lo Free 38

Oil & Gas Property in Martin County, TX

  2. Texas
  3. Martin County, TX
  4. Oil & Gas Properties in Martin County, TX
  5. Lo Free 38 Oil & Gas Property

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Property Summary

Key data points for Lo Free 38

CountyMartin County, TX
Production DatesFeb 2018 - Sep 2025
Total Oil Production108,207 BBLs
Total Gas Production194,333 MCF
Recent Oil Production109 BBLs in Aug 2025
Recent Gas Production764 MCF in Aug 2025
Wells on Property2

Our Valuation Estimates for Lo Free 38

ShaleAssessment™

$54,860 *

MarketMultiple™

$36,850 **

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

Based on a decimal interest

Lo Free 38 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Lo Free 38
from Feb 2018 to Sep 2025

Wells on Lo Free 38

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-41181LO FREE 38 1DIAMONDBACK E&P LLCProducingMartin County, TX32.196006-101.813297
42-317-41573LO FREE 38 2ENDEAVOR ENERGY RESOURCES L.P.Plugged Oil WellMartin County, TX32.193220-101.806791

Leases included in Lo Free 38

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-50050LO FREE 38DIAMONDBACK E&P LLCMartin County, TX

Operators Associated With Lo Free 38

Nearby Properties

These are the closest 20 properties to the Lo Free 38 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
CarlileMartin County, TX50 BBLs130 MCFAug 2025
Claire 48-37Martin County, TX6,935 BBLs17,317 MCFSep 2025
Crabtree 25Martin County, TX476 BBLs1,140 MCFSep 2025
CrimMartin County, TX269 BBLs692 MCFSep 2025
Faye 26Martin County, TX317 BBLs488 MCFSep 2025
Freddy The Falcon 2-11Martin County, TX19,450 BBLs200,126 MCFSep 2025
Grisham J. R. & Greeman J. MMartin County, TX0 BBLs0 MCFDec 2024
HoltMartin County, TX162 BBLs102 MCFSep 2025
MartinMartin County, TX0 BBLs0 MCFFeb 2025
McAlpine-GrishamMartin County, TX48,651 BBLs344,487 MCFSep 2025
McMurryMartin County, TX734 BBLs23,389 MCFSep 2025
MeekMartin County, TX71 BBLs2,434 MCFSep 2025
RichardsMartin County, TX1,881 BBLs2,966 MCFSep 2025
RigganMartin County, TX0 BBLs0 MCFJan 2025
Rio 27-1Martin County, TX201,295 BBLs660,360 MCFSep 2025
Stone 39Martin County, TX5 BBLs0 MCFAug 2025
VLT Mauser Diplomat UnitMartin County, TX3,224 BBLs3,709 MCFSep 2025
VLT Mauser Expert UnitMartin County, TX3,794 BBLs6,622 MCFSep 2025
VLT Mauser Magnum UnitMartin County, TX3,849 BBLs7,762 MCFSep 2025
VLT Sauer Elegance UnitMartin County, TX3,124 BBLs8,862 MCFSep 2025

Companies in the Area

These are the closest 20 companies operating near the Lo Free 38 property.

Company Name
Birch Operations, Inc.
Breitburn Operating LP
Brown Tom Inc
Chevron USA Inc
Civitas Permian Operating, LLC
Cutbow Operating, LLC
Devon Energy Production Company, L.P.
Diamondback E&P LLC
Endeavor Energy Resources, LP
Hanley Petroleum Inc.
Hunt Oil Company
Merit Energy Company
MGF Oil Corporation
Oxyrock Operating, LLC
Parker & Parsley Development L.P
Parker & Parsley Operating LLC
Permian Resources, Inc.
Pioneer Natural Res. USA, Inc.
Scout Energy Management LLC
Shirley, B. J.

Frac'ing activity on Lo Free 38

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-317-41181LO Free 38#1
42-317-41181LO Free 38#1

Owners of Lo Free 38

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025DIAMONDBACK E&P LLCLO FREE 38DIAMONDBACK E&P LLC
2025CROWNROCK MINERALS LPLO FREE 38DIAMONDBACK E&P LLC
2025GREEMAN HAT 6 RANCH LPLO FREE 38DIAMONDBACK E&P LLC
2025SWALLOWTAIL ROYALTIES II LLCLO FREE 38DIAMONDBACK E&P LLC
2025CRM 2018 LPLO FREE 38DIAMONDBACK E&P LLC

Oil & Gas Sales on Lo Free 38

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-50050LO FREE 38Apr 2025EXPLORE LOGISTICS LLCDIAMONDBACK E&P LLC
08-50050LO FREE 38Mar 2025CHEVRON U.S.A. INC.DIAMONDBACK E&P LLC
08-50050LO FREE 38Mar 2025ENERGY TRANSFER CRUDE MARKETING LLCDIAMONDBACK E&P LLC
08-50050LO FREE 38Feb 2025CHEVRON U.S.A. INC.DIAMONDBACK E&P LLC
08-50050LO FREE 38Feb 2025ENERGY TRANSFER CRUDE MARKETING LLCDIAMONDBACK E&P LLC
08-50050LO FREE 38Jan 2025CHEVRON U.S.A. INC.DIAMONDBACK E&P LLC
08-50050LO FREE 38Jan 2025ENERGY TRANSFER CRUDE MARKETING LLCDIAMONDBACK E&P LLC
08-50050LO FREE 38Dec 2024CHEVRON U.S.A. INC.ENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Dec 2024ENERGY TRANSFER CRUDE MARKETING LLCENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Nov 2024CHEVRON U.S.A. INC.ENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Nov 2024ENERGY TRANSFER CRUDE MARKETING LLCENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Oct 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Oct 2024WTG GAS PROCESSING, L.P.ENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Sep 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Sep 2024WTG GAS PROCESSING, L.P.ENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Aug 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Aug 2024WTG GAS PROCESSING, L.P.ENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Jul 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Jul 2024WTG GAS PROCESSING, L.P.ENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Jun 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Jun 2024WTG GAS PROCESSING, L.P.ENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38May 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38May 2024WTG GAS PROCESSING, L.P.ENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Apr 2024OASIS TRANSPORTATION AND MARKETING CORPORATIONENDEAVOR ENERGY RESOURCES, L.P.
08-50050LO FREE 38Apr 2024WTG GAS PROCESSING, L.P.ENDEAVOR ENERGY RESOURCES, L.P.