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 - Dec 2023
Total Oil Production260,554 BBLs
Total Gas Production581,097 MCF
Recent Oil Production537 BBLs in Nov 2023
Recent Gas Production653 MCF in Nov 2023
Wells on Property2

Our Valuation Estimates for Welch 48

ShaleAssessment™

$58,345 *

MarketMultiple™

$105,428 **

* 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 Dec 2023

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, TX738 BBLs3,907 MCFDec 2023
Bessie 44Martin County, TX38,023 BBLs112,821 MCFDec 2023
GrahamMartin County, TX682 BBLs2,022 MCFDec 2023
HarrellMartin County, TX483 BBLs1,211 MCFDec 2023
HowardMartin County, TX917 BBLs491 MCFDec 2023
HullMartin County, TX348 BBLs856 MCFDec 2023
McKenneyMartin County, TX0 BBLs0 MCFJul 2019
Moonshine 37-25Martin County, TX218,406 BBLs517,699 MCFDec 2023
MyrickMartin County, TX547 BBLs300 MCFDec 2023
NanceMartin County, TX713 BBLs156 MCFDec 2023
Orvis 37Martin County, TX50,452 BBLs94,940 MCFDec 2023
PowellMartin County, TX98 BBLs0 MCFDec 2023
Roy 1Martin County, TX946 BBLs3,069 MCFDec 2023
Sage 37-36Martin County, TX31,267 BBLs52,646 MCFDec 2023
Soto 43-7 (AllocMartin County, TX16,322 BBLs41,840 MCFDec 2023
Tas 37Martin County, TX2,470 BBLs0 MCFDec 2023
Twiss 41Martin County, TX0 BBLs0 MCFJun 2020
Wearner 38Martin County, TX1,098 BBLs0 MCFDec 2023
WebsterMartin County, TX530 BBLs150 MCFDec 2023
WilsonMartin County, TX130 BBLs150 MCFDec 2023

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.
Birch Operations, Inc.
Breitburn Operating, LP
Crownquest Operating, LLC
Diamondback E&P LLC
Endeavor Energy Resources LP
Huntington Energy LLC
L.C.S. Production Company
Merit Energy Company
Odessa Exploration, Inc.
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.

Owners of Welch 48

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023OVINTIV USA INCWELCH 48OVINTIV USA INC
2023MCCULLOCH MEREDITH JWELCH 48OVINTIV USA INC
2023MYRICK JOHN & JONAMAWELCH 48OVINTIV USA INC
2023MYRICK MARYWELCH 48OVINTIV USA INC
2023MYRICK RODNEY EWELCH 48OVINTIV USA INC
2023REDWOOD 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 48Nov 2023BML INCOVINTIV USA INC.
08-44660WELCH 48Nov 2023OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Nov 2023OVINTIV USA INC.
08-44660WELCH 48Oct 2023BML INCOVINTIV USA INC.
08-44660WELCH 48Oct 2023OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Oct 2023OVINTIV USA INC.
08-44660WELCH 48Sep 2023BML INCOVINTIV USA INC.
08-44660WELCH 48Aug 2023BML INCOVINTIV USA INC.
08-44660WELCH 48Aug 2023OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Jul 2023BML INCOVINTIV USA INC.
08-44660WELCH 48Jul 2023OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Jul 2023OVINTIV USA INC.
08-44660WELCH 48Jun 2023BML INCOVINTIV USA INC.
08-44660WELCH 48Jun 2023OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Jun 2023OVINTIV USA INC.
08-44660WELCH 48May 2023BML INCOVINTIV USA INC.
08-44660WELCH 48May 2023OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48May 2023OVINTIV USA INC.
08-44660WELCH 48Apr 2023BML INCOVINTIV USA INC.
08-44660WELCH 48Apr 2023OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Apr 2023OVINTIV USA INC.
08-44660WELCH 48Mar 2023BML INCOVINTIV USA INC.
08-44660WELCH 48Mar 2023OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Mar 2023OVINTIV USA INC.
08-44660WELCH 48Feb 2023BML INCOVINTIV USA INC.