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 - Jun 2025
Total Oil Production172,794 BBLs
Total Gas Production398,565 MCF
Recent Oil Production620 BBLs in May 2025
Recent Gas Production3,634 MCF in May 2025
Wells on Property1

Our Valuation Estimates for Cobra State 2

ShaleAssessment

$45,531 *

MarketMultiple

$127,269 **

* 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 Jun 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, TX545 BBLs1,641 MCFJun 2025
African LionReeves County, TX27,738 BBLs37,251 MCFJun 2025
Baboon 5Reeves County, TX2,136 BBLs1,980 MCFJun 2025
Black Bear StateReeves County, TX49,288 BBLs63,664 MCFMay 2025
Bongo 13Reeves County, TX16 BBLs1 MCFJun 2025
Honey Badger 26Reeves County, TX482 BBLs693 MCFJun 2025
Lemur 24Reeves County, TX681 BBLs817 MCFJun 2025
Lemur Unit 24Reeves County, TX1,604 BBLs2,410 MCFJun 2025
Panther 23Reeves County, TX303 BBLs102 MCFJun 2025
Reedbuck 25Reeves County, TX934 BBLs3,005 MCFJun 2025
Reedbuck State Unit 25Reeves County, TX11,508 BBLs34,911 MCFJun 2025
ReevesReeves County, TX17,839 BBLs2,241 MCFJun 2025
Reeves TXL FeeReeves County, TX441 BBLs115,011 MCFJun 2025
Rev GF Pierre Breber StateReeves County, TX19,326 BBLs0 MCFJun 2025
Rev GF State T7-50Reeves County, TX110,808 BBLs175,435 MCFJun 2025
SouthernReeves County, TX0 BBLs49 MCFJun 2025
State Lyssa 49-18-7Reeves County, TX26,470 BBLs50,247 MCFMay 2025
Trinity StateReeves County, TX1,589 BBLs4,772 MCFJun 2025
VJ RanchReeves County, TX961 BBLs730 MCFJun 2025
Yeary 3Reeves County, TX26 BBLs0 MCFJun 2025

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
2025VTX ENERGY OPERATING LLCCOBRA STATE 2VTX ENERGY OPE
2025EXEMPT-STATE OF TEXASCOBRA STATE 2VTX ENERGY OPE
2025CHEVRON MIDCONTINENT LPCOBRA STATE 2VTX ENERGY OPE
2025MANDUJANO ALVARO JRCOBRA STATE 2VTX ENERGY OPE
2025MANDUJANO ARMANDOCOBRA STATE 2VTX ENERGY OPE
2025MANDUJANO HUMBERTOCOBRA STATE 2VTX ENERGY OPE
2025MANDUJANO 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 2Apr 2025SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Mar 2025SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Mar 2025VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Feb 2025SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Feb 2025VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Jan 2025SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Jan 2025VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Dec 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Dec 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Nov 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Nov 2024VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Oct 2024SOUTHWEST ENERGY, L.P.VTX ENERGY OPERATING, LLC
08-49735COBRA STATE 2Oct 2024VTX 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