Welch 48

Oil & Gas Property in Martin County, TX

  2. Texas
  3. Martin County, TX
  4. Oil & Gas Properties in Martin County, TX
  5. Welch 48 Oil & Gas Property

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Property Summary

Key data points for Welch 48

CountyMartin County, TX
OperatorOVINTIV USA INC.
Production DatesNov 2013 - Jun 2025
Total Oil Production275,949 BBLs
Total Gas Production607,744 MCF
Recent Oil Production665 BBLs in May 2025
Recent Gas Production1,394 MCF in May 2025
Wells on Property2

Our Valuation Estimates for Welch 48

ShaleAssessment™

$46,543 *

MarketMultiple™

$86,438 **

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

Based on a decimal interest

Welch 48 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Welch 48
from Nov 2013 to Jun 2025

Wells on Welch 48

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-38849WELCH 48 1OVINTIV USA INC.ProducingMartin County, TX32.160162-101.886345
42-317-39772WELCH 48 2OVINTIV USA INC.ProducingMartin County, TX32.164684-101.887798

Leases included in Welch 48

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-44660WELCH 48OVINTIV USA INC.Martin County, TX

Nearby Properties

These are the closest 20 properties to the Welch 48 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bell Ringer 31Martin County, TX350 BBLs3,491 MCFJun 2025
Bessie 44Martin County, TX21,397 BBLs85,987 MCFJun 2025
GrahamMartin County, TX590 BBLs1,627 MCFJun 2025
HarrellMartin County, TX901 BBLs171 MCFJun 2025
HowardMartin County, TX1 BBLs0 MCFJun 2025
HullMartin County, TX96 BBLs59 MCFJun 2025
McKenneyMartin County, TX0 BBLs0 MCFJul 2019
Moonshine 37-25Martin County, TX42,749 BBLs273,081 MCFJun 2025
MyrickMartin County, TX398 BBLs20 MCFJun 2025
NanceMartin County, TX751 BBLs1,652 MCFJun 2025
Orvis 37Martin County, TX10,187 BBLs68,666 MCFJun 2025
PowellMartin County, TX158 BBLs0 MCFJun 2025
Roy 1Martin County, TX674 BBLs2,107 MCFJun 2025
Sage 37-36Martin County, TX19,048 BBLs48,647 MCFJun 2025
Soto 43-7 (AllocMartin County, TX15,233 BBLs43,430 MCFJun 2025
Tas 37Martin County, TX1,259 BBLs9,451 MCFJun 2025
Twiss 41Martin County, TX0 BBLs0 MCFJun 2020
Wearner 38Martin County, TX514 BBLs0 MCFJun 2025
WebsterMartin County, TX0 BBLs63 MCFJun 2025
WilsonMartin County, TX0 BBLs0 MCFApr 2025

Companies in the Area

These are the closest 20 companies operating near the Welch 48 property.

Company Name
Alta Energy Corporation
Arya Resources, LLC
Beach Exploration, Inc.
Breitburn Operating LP
Cutbow Operating, LLC
Diamondback E&P LLC
Endeavor Energy Resources, LP
Huntington Energy LLC
L.C.S. Production Company
Merit Energy Company
Odessa Exploration, Inc.
Oxyrock Operating, LLC
Petroplex Energy Inc.
Pioneer Natural Res. USA, Inc.
Pogo Panhandle 2004, L.P.
Reliance Energy, Inc.
Rittenhouse Oil & Gas Co.
Santa Fe Energy Resources, Inc.
Scout Energy Management LLC
Stephens, Autry C.

Frac'ing activity on Welch 48

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-317-38849Welch 48#1
42-317-39772Welch 48-2

Owners of Welch 48

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025OVINTIV USA INCWELCH 48OVINTIV USA INC
2025MCCULLOCH MEREDITH JWELCH 48OVINTIV USA INC
2025MYRICK JOHN & JONAMAWELCH 48OVINTIV USA INC
2025MYRICK MARYWELCH 48OVINTIV USA INC
2025MYRICK RODNEY EWELCH 48OVINTIV USA INC
2025REDWOOD EXPLORATION CO LLCWELCH 48OVINTIV USA INC

Oil & Gas Sales on Welch 48

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-44660WELCH 48Apr 2025OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Mar 2025OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Mar 2025OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Mar 2025OVINTIV USA INC.
08-44660WELCH 48Feb 2025OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Feb 2025OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Feb 2025OVINTIV USA INC.
08-44660WELCH 48Jan 2025OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Jan 2025OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Jan 2025OVINTIV USA INC.
08-44660WELCH 48Dec 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Dec 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Dec 2024OVINTIV USA INC.
08-44660WELCH 48Nov 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Nov 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Nov 2024OVINTIV USA INC.
08-44660WELCH 48Oct 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Oct 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Oct 2024OVINTIV USA INC.
08-44660WELCH 48Sep 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Sep 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Sep 2024OVINTIV USA INC.
08-44660WELCH 48Aug 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Aug 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Aug 2024OVINTIV USA INC.