Black Flag State Unit 253-254

Oil & Gas Property in Reeves County, TX

Property Summary

Key data points for Black Flag State Unit 253-254

CountyReeves County, TX
OperatorCALLON PETROLEUM OPERATING CO
Production DatesJul 2018 - Dec 2023
Total Oil Production2,298,823 BBLs
Total Gas Production5,082,277 MCF
Recent Oil Production16,060 BBLs in Nov 2023
Recent Gas Production65,642 MCF in Nov 2023
Wells on Property12

Our Valuation Estimates for Black Flag State Unit 253-254

ShaleAssessment

$21,572 *

MarketMultiple

$2,617,323 **

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

Based on a decimal interest

Black Flag State Unit 253-254 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Black Flag State Unit 253-254
from Jul 2018 to Dec 2023

Wells on Black Flag State Unit 253-254

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
42-389-34064BLACK FLAG STATE UNIT 253-254E 5HCALLON PETROLEUM OPERATING COProducingReeves County, TX31.233944-103.516894
42-389-37363BLACK FLAG STATE UNIT 253-254E 10HCALLON PETROLEUM OPERATING COProducingReeves County, TX31.220376-103.520776
42-389-37449BLACK FLAG STATE UNIT 253-254W 1HCALLON PETROLEUM OPERATING COProducingReeves County, TX31.222492-103.534390
42-389-37450BLACK FLAG STATE UNIT 253-254W 2HCALLON PETROLEUM OPERATING COProducingReeves County, TX31.222472-103.534282
42-389-37451BLACK FLAG STATE UNIT 253-254W 3HCALLON PETROLEUM OPERATING COShut InReeves County, TX31.222400-103.534383
42-389-37452BLACK FLAG STATE UNIT 253-254W 4HCALLON PETROLEUM OPERATING COShut InReeves County, TX31.222452-103.534172
42-389-38779BLACK FLAG STATE UNIT 253-254E 99HCALLON PETROLEUM OPERATING COProducingReeves County, TX31.233529-103.514242
42-389-40852BLACK FLAG STATE UNIT 253-254E 2UACALLON PETROLEUM OPERATING COHorizontal Well Surface LocatioReeves County, TX31.248837-103.519459
42-389-40853BLACK FLAG STATE UNIT 253-254E 11BSCALLON PETROLEUM OPERATING COHorizontal Well Surface LocatioReeves County, TX31.248826-103.519396
42-389-40854BLACK FLAG STATE UNIT 253-254W 1UACALLON PETROLEUM OPERATING COHorizontal Well Surface LocatioReeves County, TX31.248871-103.519647
42-389-40855BLACK FLAG STATE UNIT 253-254W 10BSCALLON PETROLEUM OPERATING COHorizontal Well Surface LocatioReeves County, TX31.248860-103.519584
42-389-40856BLACK FLAG STATE UNIT 253-254W 17HCALLON PETROLEUM OPERATING COHorizontal Well Surface LocatioReeves County, TX31.248849-103.519521

Leases included in Black Flag State Unit 253-254

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-50139BLACK FLAG STATE UNIT 253-254ECALLON PETROLEUM OPERATING COReeves County, TX
08-52541BLACK FLAG STATE UNIT 253-254WCALLON PETROLEUM OPERATING COReeves County, TX

Nearby Properties

These are the closest 20 properties to the Black Flag State Unit 253-254 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bad Brains StateReeves County, TX113,572 BBLs183,253 MCFDec 2023
Blake Fowler UnitReeves County, TX1,681 BBLs0 MCFDec 2023
Blue Topaz State Unit 251-252Reeves County, TX56,715 BBLs168,266 MCFDec 2023
BushReeves County, TX0 BBLs0 MCFApr 2023
Challenger StateReeves County, TX10,095 BBLs21,787 MCFDec 2023
Charger StateReeves County, TX3,413 BBLs7,509 MCFDec 2023
Charles Goodnight 266-265 UnitReeves County, TX14,573 BBLs74,566 MCFDec 2023
Clay Prewit 206-207 UnitReeves County, TX9,242 BBLs17,322 MCFDec 2023
CrisanReeves County, TX1,341 BBLs2,298 MCFDec 2023
Gunsmoke 19Reeves County, TX3,575 BBLs9,334 MCFDec 2023
HendrickReeves County, TX1 BBLs0 MCFNov 2023
Hendrick State 13-254Reeves County, TX0 BBLs0 MCFSep 2023
JaguarReeves County, TX964 BBLs8,058 MCFDec 2023
RamonesReeves County, TX7,311 BBLs12,120 MCFDec 2023
RiflemanReeves County, TX0 BBLs0 MCFJun 2022
Roddy 14Reeves County, TX47 BBLs63 MCFDec 2023
Sam PrewitReeves County, TX17,829 BBLs51,143 MCFDec 2023
Shelby StateReeves County, TX4,129 BBLs4,654 MCFDec 2023
Sugar Raider 191Reeves County, TX37,664 BBLs99,635 MCFDec 2023
Terrill StateReeves County, TX319 BBLs0 MCFDec 2023

Owners of Black Flag State Unit 253-254

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023CALLON PETROLEUM OPERATING COBLACK FLAG STATE UNIT 253-25CALLON PETROLE
2023SITIO PERMIAN LLCBLACK FLAG STATE UNIT 253-25CALLON PETROLE
2023CALLON PETROLEUM OPERATING COBLACK FLAG STATE 253-254E W1CALLON PETROLE
2023EXEMPT-STATE OF TEXASBLACK FLAG STATE UNIT 253-25CALLON PETROLE
2023CALLON PETROLEUM OPERATING COBLACK FLAG STATE 253-254E W9CALLON PETROLE
2023RHOADS INVESTMENTS LPBLACK FLAG STATE UNIT 253-25CALLON PETROLE
2023EXEMPT-STATE OF TEXASBLACK FLAG STATE 253-254E W9CALLON PETROLE
2023SITIO PERMIAN LLCBLACK FLAG STATE 253-254E W1CALLON PETROLE
Displaying 8 of 148 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Black Flag State Unit 253-254

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-52541BLACK FLAG STATE UNIT 253-254WNov 2023PLAINS MARKETING, L.P.CALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254ENov 2023CALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254ENov 2023TRAFIGURA TRADING LLCCALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254ENov 2023PLAINS MARKETING, L.P.CALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254ENov 2023EAGLECLAW MIDSTREAM VENTURES, LLCCALLON PETROLEUM OPERATING COMPANY
08-52541BLACK FLAG STATE UNIT 253-254WNov 2023EAGLECLAW MIDSTREAM VENTURES, LLCCALLON PETROLEUM OPERATING COMPANY
08-52541BLACK FLAG STATE UNIT 253-254WNov 2023CALLON PETROLEUM OPERATING COMPANY
08-52541BLACK FLAG STATE UNIT 253-254WNov 2023TRAFIGURA TRADING LLCCALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254EOct 2023EAGLECLAW MIDSTREAM VENTURES, LLCCALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254EOct 2023PLAINS MARKETING, L.P.CALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254EOct 2023CALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254EOct 2023ENERGY TRANSFER CRUDE MARKETING LLCCALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254EOct 2023TRAFIGURA TRADING LLCCALLON PETROLEUM OPERATING COMPANY
08-52541BLACK FLAG STATE UNIT 253-254WOct 2023EAGLECLAW MIDSTREAM VENTURES, LLCCALLON PETROLEUM OPERATING COMPANY
08-52541BLACK FLAG STATE UNIT 253-254WOct 2023PLAINS MARKETING, L.P.CALLON PETROLEUM OPERATING COMPANY
08-52541BLACK FLAG STATE UNIT 253-254WOct 2023TRAFIGURA TRADING LLCCALLON PETROLEUM OPERATING COMPANY
08-52541BLACK FLAG STATE UNIT 253-254WOct 2023CALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254ESep 2023CALLON PETROLEUM OPERATING COMPANY
08-52541BLACK FLAG STATE UNIT 253-254WSep 2023EAGLECLAW MIDSTREAM VENTURES, LLCRIDGEMAR (EAGLE FORD) LLC
08-52541BLACK FLAG STATE UNIT 253-254WSep 2023PLAINS MARKETING, L.P.RIDGEMAR (EAGLE FORD) LLC
08-52541BLACK FLAG STATE UNIT 253-254WSep 2023TRAFIGURA TRADING LLCRIDGEMAR (EAGLE FORD) LLC
08-52541BLACK FLAG STATE UNIT 253-254WSep 2023CALLON PETROLEUM OPERATING COMPANYCALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254ESep 2023ENERGY TRANSFER CRUDE MARKETING LLCRIDGEMAR (EAGLE FORD) LLC
08-52541BLACK FLAG STATE UNIT 253-254WSep 2023CALLON PETROLEUM OPERATING COMPANY
08-50139BLACK FLAG STATE UNIT 253-254ESep 2023CALLON PETROLEUM OPERATING COMPANYCALLON PETROLEUM OPERATING COMPANY