Cobra State 2

Oil & Gas Property in Reeves County, TX

Property Summary

Key data points for Cobra State 2

CountyReeves County, TX
OperatorVTX ENERGY OPERATING, LLC
Production DatesNov 2017 - Jan 2025
Total Oil Production168,894 BBLs
Total Gas Production379,204 MCF
Recent Oil Production1,062 BBLs in Dec 2024
Recent Gas Production4,544 MCF in Dec 2024
Wells on Property1

Our Valuation Estimates for Cobra State 2

ShaleAssessment

$48,316 *

MarketMultiple

$115,202 **

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

Based on a decimal interest

Cobra State 2 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Cobra State 2
from Nov 2017 to Jan 2025

Wells on Cobra State 2

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-389-36259COBRA STATE 2 1HVTX Energy Operating, LLCProducingReeves County, TX31.187339-103.288740

Leases included in Cobra State 2

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-49735COBRA STATE 2VTX Energy Operating, LLCReeves County, TX

Nearby Properties

These are the closest 20 properties to the Cobra State 2 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Aardvark State 6Reeves County, TX342 BBLs1,295 MCFJan 2025
African LionReeves County, TX35,787 BBLs43,280 MCFJan 2025
Baboon 5Reeves County, TX865 BBLs889 MCFJan 2025
Black Bear StateReeves County, TX62,287 BBLs67,404 MCFJan 2025
Bongo 13Reeves County, TX123 BBLs6 MCFJan 2025
ChaparralReeves County, TX131 BBLs14 MCFJan 2025
Honey Badger 26Reeves County, TX425 BBLs509 MCFJan 2025
Lemur 24Reeves County, TX761 BBLs1,517 MCFJan 2025
Lemur Unit 24Reeves County, TX1,674 BBLs3,481 MCFJan 2025
Panther 23Reeves County, TX95 BBLs183 MCFJan 2025
Reedbuck 25Reeves County, TX2 BBLs276 MCFJan 2025
Reedbuck State Unit 25Reeves County, TX15,942 BBLs39,580 MCFJan 2025
ReevesReeves County, TX19,282 BBLs36,474 MCFJan 2025
Reeves TXL FeeReeves County, TX0 BBLs133,715 MCFJan 2025
Rev GF State T7-50Reeves County, TX141,770 BBLs351,999 MCFJan 2025
SouthernReeves County, TX0 BBLs403 MCFJan 2025
State Lyssa 49-18-7Reeves County, TX29,507 BBLs61,312 MCFJan 2025
Trinity StateReeves County, TX822 BBLs2,352 MCFJan 2025
VJ RanchReeves County, TX1,086 BBLs669 MCFJan 2025
Yeary 3Reeves County, TX0 BBLs0 MCFMay 2024

Frac'ing activity on Cobra State 2

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-389-36259COBRA STATE 2 1H

Owners of Cobra State 2

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024VTX ENERGY OPERATING LLCCOBRA STATE 2VTX ENERGY OPE
2024EXEMPT-STATE OF TEXASCOBRA STATE 2VTX ENERGY OPE
2024CHEVRON MIDCONTINENT LPCOBRA STATE 2VTX ENERGY OPE
2024MANDUJANO ALVARO JRCOBRA STATE 2VTX ENERGY OPE
2024MANDUJANO ARMANDOCOBRA STATE 2VTX ENERGY OPE
2024MANDUJANO HUMBERTOCOBRA STATE 2VTX ENERGY OPE
2024MANDUJANO JOSE ANTONIOCOBRA STATE 2VTX ENERGY OPE

Oil & Gas Sales on Cobra State 2

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-49735COBRA STATE 2Oct 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Sep 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Sep 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Aug 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Aug 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Jul 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Jul 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Jun 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Jun 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2May 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2May 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Apr 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Apr 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Mar 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Mar 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Feb 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Feb 2024VTX ENERGY OPERATING, LLCVTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Feb 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Jan 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Jan 2024VTX ENERGY OPERATING, LLCVTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Jan 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Dec 2023UNITED ENERGY TRADING LLCVTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Dec 2023VTX ENERGY OPERATING, LLCVTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Dec 2023VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Nov 2023UNITED ENERGY TRADING LLCVTX ENERGY OPERATING, LLC