Ely Unit

Oil & Gas Property in Milam County, TX

Property Summary

Key data points for Ely Unit

CountyMilam County, TX
Production DatesJun 1996 - Jan 2024
Total Oil Production1,405,828 BBLs
Total Gas Production1,044,978 MCF
Recent Oil Production3,996 BBLs in Dec 2023
Recent Gas Production4,180 MCF in Dec 2023
Wells on Property13

Our Valuation Estimates for Ely Unit

ShaleAssessment

$66,036 *

MarketMultiple

$518,446 **

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

Based on a decimal interest

Ely Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Ely Unit
from Jun 1996 to Jan 2024

Wells on Ely Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-331-33463ELY UNIT 1 1MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764638-96.626083
42-331-33465ELY UNIT 2 1MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764638-96.625805
42-331-33775ELY UNIT 1 2MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.766766-96.622543
42-331-33885ELY UNIT 2 2MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764367-96.621141
42-331-34764ELY UNIT 1 EB 1HMAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764311-96.621255
42-331-34768ELY UNIT 2 3PHANADARKO E&P ONSHORE LLCPermitted LocationMilam County, TX30.764359-96.621285
42-331-34810ELY UNIT 1 EB 2HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762854-96.625551
42-331-34811ELY UNIT 1 EB 3HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762840-96.625596
42-331-34812ELY UNIT 1 EB 4HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762827-96.625641
42-331-34813ELY UNIT 1 EB 5HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762813-96.625686
42-331-34983ELY UNIT 1 4HGMAGNOLIA OIL & GAS OPERATING LLCShut InMilam County, TX30.762619-96.625437
42-331-34984ELY UNIT 1 5HBMAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.762840-96.625596
42-331-34987ELY UNIT 2 3HAMAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764166-96.630941

Leases included in Ely Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
03-23025ELY UNIT 2MAGNOLIA OIL & GAS OPERATING LLCMilam County, TX
03-23026ELY UNIT 1MAGNOLIA OIL & GAS OPERATING LLCMilam County, TX
03-25741ELY UNIT NO. 2TREADSTONE ENERGY PRTNR OP, LLCMilam County, TX
03-26974ELY UNIT 1 EBMAGNOLIA OIL & GAS OPERATING LLCMilam County, TX
03-27314ELY UNIT 1MAGNOLIA OIL & GAS OPERATING LLCMilam County, TX

Nearby Properties

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

Property NameLocationOil Prod.Gas Prod.Prod. Period
AaronMilam County, TX2,310 BBLs1,522 MCFJan 2024
Alliance TrustRobertson County, TX118 BBLs506 MCFDec 2023
Anna ClaireMilam County, TX1,633 BBLs1,296 MCFJan 2024
Brady ScottMilam County, TX2,076 BBLs1,614 MCFJan 2024
Cannon MichaelMilam County, TX1,283 BBLs1,163 MCFJan 2024
Cartwright-Moore UnitMilam County, TX595 BBLs248 MCFJan 2024
Cotropia-Frazier UnitRobertson County, TX305 BBLs15 MCFJan 2024
CutterMilam County, TX2,070 BBLs7,329 MCFJan 2024
Ditto-Wilson UnitMilam County, TX1,141 BBLs3,626 MCFJan 2024
Ella MarieMilam County, TX1,619 BBLs1,556 MCFJan 2024
JamesMilam County, TX840 BBLs3,326 MCFJan 2024
JennyMilam County, TX417 BBLs2,219 MCFJan 2024
Kubin-Pope UnitRobertson County, TX302 BBLs594 MCFDec 2023
Kubin-Scamardo UnitRobertson County, TX487 BBLs1,281 MCFJan 2024
Sarah Ferrara E Unit 1Robertson County, TX396 BBLs0 MCFJan 2024
Scamardo HCXRobertson County, TX13,656 BBLs16,352 MCFJan 2024
Scamardo-Cotropia UnitRobertson County, TX3,884 BBLs1,211 MCFJan 2024
Scarpinato-Reistino UnitRobertson County, TX349 BBLs167 MCFJan 2024
TreyleyMilam County, TX1,436 BBLs6,140 MCFJan 2024
TylerMilam County, TX912 BBLs3,190 MCFJan 2024

Owners of Ely Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023LRR PECOS VALLEY LLCELY UNIT #2-1LRR PECOS VALL
2023LRR PECOS VALLEY LLCELY UNIT 1LRR PECOS VALL
2023LRR PECOS VALLEY LLCELY UNIT 1LRR PECOS VALL
2023LRR PECOS VALLEY LLCELY UNIT 1 EBLRR PECOS VALL
2023ELY J B JRELY UNIT #2-1LRR PECOS VALL
2023ELY MYRON EELY UNIT 1LRR PECOS VALL
2023CLINGMAN ELIZABETH R BERGELY UNIT #2-1LRR PECOS VALL
2023VICTORY FINANCIAL GROUP INCELY UNIT 1LRR PECOS VALL
Displaying 8 of 88 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Ely Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
03-23025ELY UNIT 2Nov 2023AXIS ENERGY MARKETING, LLCLRR PECOS VALLEY, LLC
03-23025ELY UNIT 2Nov 2023LRR PECOS VALLEY, LLC
03-23025ELY UNIT 2Nov 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-23026ELY UNIT 1Nov 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-27314ELY UNIT 1Nov 2023AXIS ENERGY MARKETING, LLCLRR PECOS VALLEY, LLC
03-27314ELY UNIT 1Nov 2023LRR PECOS VALLEY, LLC
03-27314ELY UNIT 1Nov 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-23025ELY UNIT 2Oct 2023AXIS ENERGY MARKETING, LLCLRR PECOS VALLEY, LLC
03-23025ELY UNIT 2Oct 2023LRR PECOS VALLEY, LLC
03-23025ELY UNIT 2Oct 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-23026ELY UNIT 1Oct 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-26974ELY UNIT 1 EBOct 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-27314ELY UNIT 1Oct 2023LRR PECOS VALLEY, LLC
03-23025ELY UNIT 2Sep 2023AXIS ENERGY MARKETING, LLCLRR PECOS VALLEY, LLC
03-23025ELY UNIT 2Sep 2023LRR PECOS VALLEY, LLC
03-23025ELY UNIT 2Sep 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-23026ELY UNIT 1Sep 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-26974ELY UNIT 1 EBSep 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-23025ELY UNIT 2Aug 2023AXIS ENERGY MARKETING, LLCLRR PECOS VALLEY, LLC
03-23025ELY UNIT 2Aug 2023LRR PECOS VALLEY, LLC
03-23025ELY UNIT 2Aug 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-23026ELY UNIT 1Aug 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-26974ELY UNIT 1 EBAug 2023ENERGY TRANSFER CRUDE MARKETING LLCLIME ROCK RESOURCES IV-A, L.P.
03-23025ELY UNIT 2Jul 2023AXIS ENERGY MARKETING, LLCLRR PECOS VALLEY, LLC
03-23025ELY UNIT 2Jul 2023LRR PECOS VALLEY, LLC