Oil & Gas Property in Newton County, TX
Key data points for Hobbs Unit
| County | Newton County, TX |
|---|---|
| Production Dates | Nov 1995 - Jan 2024 |
| Total Oil Production | 157,244 BBLs |
| Total Gas Production | 1,864,213 MCF |
| Recent Oil Production | 140 BBLs in Dec 2023 |
| Recent Gas Production | 981 MCF in Dec 2023 |
| Wells on Property | 2 |
Our Valuation Estimates for Hobbs Unit
ShaleAssessment™
$4,482 *
MarketMultiple™
$9,611 **
* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue
Based on a decimal interest
These are the closest 6 properties to the Hobbs Unit property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Blackstone Unit A | Newton County, TX | 85 BBLs | 24 MCF | Jan 2024 |
| Champion Int | Newton County, TX | 0 BBLs | 0 MCF | May 2020 |
| Champion Int | Newton County, TX | 401 BBLs | 2,972 MCF | Jan 2024 |
| Champion Intl | Newton County, TX | 0 BBLs | 0 MCF | Aug 2023 |
| Jones Unit A | Newton County, TX | 0 BBLs | 0 MCF | Aug 2016 |
| Temple | Newton County, TX | 10 BBLs | 118 MCF | Jan 2024 |
These are the closest 4 companies operating near the Hobbs Unit property.
| Company Name |
|---|
| Copestone Operating, LLC |
| European-Southwest Co. |
| Prize Exploration & Prod, LLC |
| Sonat Exploration Company -Tyler |