Billings Unit

Oil & Gas Property in Midland County, TX

  2. Texas
  3. Midland County, TX
  4. Oil & Gas Properties in Midland County, TX
  5. Billings Unit Oil & Gas Property

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Property Summary

Key data points for Billings Unit

CountyMidland County, TX
OperatorDIAMONDBACK E&P LLC
Production DatesApr 2022 - Jan 2024
Total Oil Production1,069,120 BBLs
Total Gas Production2,495,308 MCF
Recent Oil Production18,465 BBLs in Dec 2023
Recent Gas Production84,465 MCF in Dec 2023
Wells on Property5

Our Valuation Estimates for Billings Unit

ShaleAssessment™

Not Available

MarketMultiple™

$3,748,645 **

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

Based on a decimal interest

Billings Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Billings Unit
from Apr 2022 to Jan 2024

Wells on Billings Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-329-43743BILLINGS UNIT 819MSDIAMONDBACK E&P LLCProducingMidland County, TX32.061593-102.143171
42-329-43744BILLINGS UNIT 808LSDIAMONDBACK E&P LLCShut InMidland County, TX32.061647-102.143064
42-329-43745BILLINGS UNIT 807WADIAMONDBACK E&P LLCShut InMidland County, TX32.061604-102.143250
42-329-43746BILLINGS UNIT 808WBDIAMONDBACK E&P LLCShut InMidland County, TX32.061632-102.143127
42-329-44529BILLINGS UNIT 807WBDIAMONDBACK E&P LLCProducingMidland County, TX32.061148-102.145068

Leases included in Billings Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-55224BILLINGS UNITDIAMONDBACK E&P LLCMidland County, TX

Nearby Properties

These are the closest 20 properties to the Billings Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AldridgeMidland County, TX2,868 BBLs6,231 MCFJan 2024
Blackfoot EastMidland County, TX42,415 BBLs76,464 MCFJan 2024
Blackfoot West UnitMidland County, TX11,391 BBLs121,900 MCFJan 2024
Bozeman UnitMidland County, TX14,125 BBLs77,789 MCFJan 2024
Butte UnitMidland County, TX13,866 BBLs65,089 MCFJan 2024
ChapsMidland County, TX0 BBLs0 MCFFeb 2023
D EvansMidland County, TX2,688 BBLs14,349 MCFJan 2024
Diamond Rio 9Midland County, TX96,479 BBLs315,164 MCFJan 2024
Estes Button 7Midland County, TX1,286 BBLs260 MCFJan 2024
MaskMidland County, TX606 BBLs2,234 MCFJan 2024
Mask HZ UnitMidland County, TX18,324 BBLs31,654 MCFJan 2024
MCC HZ UnitMidland County, TX10,424 BBLs64,443 MCFJan 2024
Missoula UnitMidland County, TX31,904 BBLs134,768 MCFJan 2024
Moss Partnership '9'Midland County, TX546 BBLs882 MCFJan 2024
RobbieMidland County, TX3,042 BBLs6,361 MCFJan 2024
ScharbauerMidland County, TX0 BBLs0 MCFApr 2022
Smith-Hughes '9'Midland County, TX0 BBLs0 MCFJan 2023
StephensMidland County, TX92,337 BBLs72,963 MCFJan 2024
Western T 8Midland County, TX1,104 BBLs2,465 MCFJan 2024
Whitefish UnitMidland County, TX7,492 BBLs42,460 MCFJan 2024

Companies in the Area

These are the closest 20 companies operating near the Billings Unit property.

Company Name
Barron Operating LLC
Bluestem Energy Holdings, LLC
COG Operating LLC
Diamondback E&P LLC
Endeavor Energy Resources, LP
Fasken Oil And Ranch, LTD.
Firebird Energy II LLC
Henry Resources LLC
Heritage Resources, Inc.
High Sky Partners LLC
Linn Operating, Inc.
Oxy USA Inc
Parsley Energy Operations, LLC
Petroplex Energy Inc.
Pioneer Natural Res. USA, Inc.
R K Petroleum Corp.
RSP Permian, LLC
Rust Oil Corp.
Vector Oil & Gas LP
XTO Energy Inc.

Owners of Billings Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023DIAMONDBACK E&P LLC WIBILLINGS UNITDIAMONDBACK E&P
2023VIPER ENERGY PARTNERS LLCBILLINGS UNITDIAMONDBACK E&P
2023ANGUISH PARTNERSHIPBILLINGS UNITDIAMONDBACK E&P
2023EVANS RESOURCES INCBILLINGS UNITDIAMONDBACK E&P
2023TEXAS LAND & MORTGAGE COBILLINGS UNITDIAMONDBACK E&P
2023D&J ANGUISH PROPERTIES LTDBILLINGS UNITDIAMONDBACK E&P
2023GRAYROCK MINERALS LLCBILLINGS UNITDIAMONDBACK E&P
2023BRIGHAM MINERALS LLCBILLINGS UNITDIAMONDBACK E&P
Displaying 8 of 78 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Billings Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-55224BILLINGS UNITNov 2023VITOL INC.DIAMONDBACK E&P LLC
08-55224BILLINGS UNITNov 2023DIAMONDBACK E&P LLC
08-55224BILLINGS UNITNov 2023BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-55224BILLINGS UNITNov 2023DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-55224BILLINGS UNITNov 2023ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-55224BILLINGS UNITOct 2023VITOL INC.DIAMONDBACK E&P LLC
08-55224BILLINGS UNITOct 2023DIAMONDBACK E&P LLC
08-55224BILLINGS UNITOct 2023BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-55224BILLINGS UNITOct 2023DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-55224BILLINGS UNITOct 2023ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-55224BILLINGS UNITSep 2023VITOL INC.DIAMONDBACK E&P LLC
08-55224BILLINGS UNITSep 2023DIAMONDBACK E&P LLC
08-55224BILLINGS UNITSep 2023BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-55224BILLINGS UNITSep 2023DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-55224BILLINGS UNITSep 2023ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-55224BILLINGS UNITAug 2023VITOL INC.DIAMONDBACK E&P LLC
08-55224BILLINGS UNITAug 2023DIAMONDBACK E&P LLC
08-55224BILLINGS UNITAug 2023BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-55224BILLINGS UNITAug 2023DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-55224BILLINGS UNITAug 2023ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC
08-55224BILLINGS UNITJul 2023VITOL INC.DIAMONDBACK E&P LLC
08-55224BILLINGS UNITJul 2023DIAMONDBACK E&P LLC
08-55224BILLINGS UNITJul 2023BRAZOS MIDSTREAM OPERATING, LLCDIAMONDBACK E&P LLC
08-55224BILLINGS UNITJul 2023DIAMONDBACK E&P LLCDIAMONDBACK E&P LLC
08-55224BILLINGS UNITJul 2023ENLINK GAS MARKETING, LPDIAMONDBACK E&P LLC