Elkin-Nichols Unit

Oil & Gas Property in Midland County, TX

Property Summary

Key data points for Elkin-Nichols Unit

CountyMidland County, TX
Production DatesJan 1993 - Dec 2023
Total Oil Production81,015 BBLs
Total Gas Production281,039 MCF
Recent Oil Production3 BBLs in Dec 2023
Recent Gas Production0 MCF in Dec 2023
Wells on Property1

Our Valuation Estimates for Elkin-Nichols Unit

ShaleAssessment

$784 *

MarketMultiple

$576 **

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

Based on a decimal interest

Elkin-Nichols Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Elkin-Nichols Unit
from Jan 1993 to Dec 2023

Wells on Elkin-Nichols Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-329-32007ELKIN NICHOLS UNIT 1 1BLACK ARROW OPERATING, LLCProducingMidland County, TX32.036178-101.993256

Leases included in Elkin-Nichols Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.
08-32030ELKIN-NICHOLS UNIT 1DAVIS & CARR ENERGY CO.Midland County, TX
08-32305ELKIN-NICHOLS UNIT 2DAVIS & CARR ENERGY CO.Midland County, TX
08-32563ELKIN-NICHOLS UNIT2TURQUOISE BAY CORPORATIONMidland County, TX
08-33427ELKIN NICHOLS UNIT 1BLACK ARROW OPERATING, LLCMidland County, TX

Nearby Properties

These are the closest 20 properties to the Elkin-Nichols Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Caza ElkinsMidland County, TX322 BBLs1,870 MCFDec 2023
DameronMidland County, TX22 BBLs87 MCFJan 2024
DunnMidland County, TX605 BBLs1,120 MCFJan 2024
ElkinMidland County, TX6,843 BBLs56,967 MCFJan 2024
Evangeline AMidland County, TX179 BBLs390 MCFJan 2024
Hooper 39Midland County, TX397 BBLs884 MCFJan 2024
LoganMidland County, TX208 BBLs975 MCFJan 2024
LucyMidland County, TX3,145 BBLs23,244 MCFJan 2024
MeissnerMidland County, TX0 BBLs0 MCFMay 2023
Meissner-Raggett 37Midland County, TX30,288 BBLs129,083 MCFJan 2024
My Truelove 38Midland County, TX774 BBLs2,390 MCFJan 2024
NicholsMidland County, TX280 BBLs174 MCFJan 2024
PattonMidland County, TX17,945 BBLs38,055 MCFJan 2024
SandefurMidland County, TX581 BBLs400 MCFJan 2024
SmithMidland County, TX480 BBLs495 MCFJan 2024
SorgeMidland County, TX82 BBLs178 MCFJan 2024
StanleyMidland County, TX40 BBLs49 MCFJan 2024
VolivaMidland County, TX213 BBLs134 MCFJan 2024
Willow LakesMidland County, TX4,241 BBLs0 MCFJan 2024
Zoe 37Midland County, TX700 BBLs2,963 MCFJan 2024

Owners of Elkin-Nichols Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023BLACK ARROW OPERATING LLCELKIN NICHOLS UNIT 1BLACK ARROW OPERATIN

Oil & Gas Sales on Elkin-Nichols Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-33427ELKIN NICHOLS UNIT 1May 2019PLAINS MARKETING, L.P.LARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Mar 2019PLAINS MARKETING, L.P.LARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Dec 2018PLAINS MARKETING, L.P.LARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Dec 2018ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Nov 2018ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Oct 2018ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Sep 2018ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Sep 2018PLAINS MARKETING, L.P.LARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Apr 2018ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Mar 2018ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Feb 2018ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Jan 2018ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Dec 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Nov 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Oct 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Sep 2017PLAINS MARKETING, L.P.LARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Sep 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Aug 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCLARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Jul 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCTRAIL RIDGE ENERGY PARTNERS II LLC
08-33427ELKIN NICHOLS UNIT 1Jun 2017PLAINS MARKETING, L.P.LARIO OIL & GAS COMPANY
08-33427ELKIN NICHOLS UNIT 1Jun 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCTRAIL RIDGE ENERGY PARTNERS II LLC
08-33427ELKIN NICHOLS UNIT 1May 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCTRAIL RIDGE ENERGY PARTNERS II LLC
08-33427ELKIN NICHOLS UNIT 1Apr 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCTRAIL RIDGE ENERGY PARTNERS II LLC
08-33427ELKIN NICHOLS UNIT 1Mar 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCTRAIL RIDGE ENERGY PARTNERS II LLC
08-33427ELKIN NICHOLS UNIT 1Feb 2017ENTERPRISE NAVITAS MIDSTREAM MIDLAND BASIN LLCTRAIL RIDGE ENERGY PARTNERS II LLC