Texas Ranger Unit 17-19

Oil & Gas Property in Martin County, TX

Property Summary

Key data points for Texas Ranger Unit 17-19

CountyMartin County, TX
OperatorELEMENT PETROLEUM OP III, LLC
Production DatesFeb 2023 - Jan 2024
Total Oil Production118,309 BBLs
Total Gas Production39,419 MCF
Recent Oil Production5,360 BBLs in Dec 2023
Recent Gas Production1,285 MCF in Dec 2023
Wells on Property2

Our Valuation Estimates for Texas Ranger Unit 17-19

ShaleAssessment

Not Available

MarketMultiple

$1,050,416 **

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

Based on a decimal interest

Texas Ranger Unit 17-19 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Texas Ranger Unit 17-19
from Feb 2023 to Jan 2024

Wells on Texas Ranger Unit 17-19

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-44321TEXAS RANGER UNIT 17-19 8LSELEMENT PETROLEUM OP III, LLCProducingMartin County, TX32.495151-101.850317
42-317-44740TEXAS RANGER UNIT 17-19 8WAELEMENT PETROLEUM OP III, LLCProducingMartin County, TX32.495130-101.850396

Leases included in Texas Ranger Unit 17-19

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-59161TEXAS RANGER UNIT 17-19ELEMENT PETROLEUM OP III, LLCMartin County, TX

Nearby Properties

These are the closest 20 properties to the Texas Ranger Unit 17-19 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Baby Face Nelson Unit 17-8Martin County, TX2,773 BBLs608 MCFJan 2024
Butchee 2Martin County, TX2,211 BBLs1,124 MCFJan 2024
CaveMartin County, TX487 BBLs302 MCFJan 2024
Deatherege 18Martin County, TX0 BBLs0 MCFJul 2023
Fightin Chicken Unit 17-19Martin County, TX2,380 BBLs473 MCFJan 2024
Gary Lamb 14Martin County, TX53 BBLs36 MCFJan 2024
Jones 83Martin County, TX611 BBLs467 MCFJan 2024
KogerMartin County, TX7,505 BBLs8,287 MCFJan 2024
MarshallMartin County, TX139 BBLs10 MCFJan 2024
MiddletonMartin County, TX124 BBLs0 MCFJan 2024
OaksMartin County, TX175 BBLs163 MCFJan 2024
PennybackerMartin County, TX44,119 BBLs78,491 MCFJan 2024
RufusMartin County, TX1,844 BBLs0 MCFJan 2024
Salt LickMartin County, TX14,606 BBLs15,385 MCFJan 2024
SlaughterMartin County, TX308 BBLs0 MCFJan 2024
Spider Monkey Unit 17-19Martin County, TX1,528 BBLs281 MCFJan 2024
Stevie Ray EMartin County, TX12,278 BBLs16,303 MCFJan 2024
Thirsty GoatMartin County, TX17,794 BBLs22,653 MCFJan 2024
Walker Unit 16-20Martin County, TX5,559 BBLs1,620 MCFJan 2024
WoodwardMartin County, TX299 BBLs599 MCFJan 2024

Frac'ing activity on Texas Ranger Unit 17-19

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-317-44321Texas Ranger 17-19 8LS
42-317-44740Texas Ranger 17-19 8WA

Oil & Gas Sales on Texas Ranger Unit 17-19

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-59161TEXAS RANGER UNIT 17-19Nov 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19Oct 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19Sep 2023LPC CRUDE III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19Sep 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19Aug 2023LPC CRUDE III, LLCELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19Aug 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19Jul 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19Jun 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19May 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19Apr 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19Mar 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC
08-59161TEXAS RANGER UNIT 17-19Feb 2023PLAINS MARKETING, L.P.ELEMENT PETROLEUM OPERATING III, LLC