Founders Johnson State

Oil & Gas Property in Reeves County, TX

Property Summary

Key data points for Founders Johnson State

CountyReeves County, TX
Production DatesJul 2017 - Jan 2024
Total Oil Production274,807 BBLs
Total Gas Production2,521,007 MCF
Recent Oil Production1,607 BBLs in Dec 2023
Recent Gas Production22,849 MCF in Dec 2023
Wells on Property2

Our Valuation Estimates for Founders Johnson State

ShaleAssessment

$91,317 *

MarketMultiple

$254,492 **

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

Based on a decimal interest

Founders Johnson State Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Founders Johnson State
from Jul 2017 to Jan 2024

Wells on Founders Johnson State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-389-35876FOUNDERS JOHNSON STATE 1HFED OPERATING LLCProducingReeves County, TX31.460751-103.706371
42-389-35998FOUNDERS JOHNSON STATE 2HFOUNDERS OIL & GAS OPERATING,LLCHorizontal Well Surface LocatioReeves County, TX31.460765-103.712597

Leases included in Founders Johnson State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-49964FOUNDERS JOHNSON STATEFED OPERATING LLCReeves County, TX

Operators Associated With Founders Johnson State

Nearby Properties

These are the closest 20 properties to the Founders Johnson State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Birdman A U03hReeves County, TX1,004 BBLs18,684 MCFJan 2024
Black Maple Hill State 12 1HReeves County, TX1,840 BBLs29,332 MCFJan 2024
Blantons 20-23e Unit 1HReeves County, TX1,937 BBLs55,730 MCFJan 2024
Buffalo 55-5-39 1HReeves County, TX212 BBLs11,165 MCFJan 2024
Buffalo Trace State 22-21 Unit 1HReeves County, TX954 BBLs19,186 MCFJan 2024
Bulleit 12-15-16 UnitReeves County, TX15,331 BBLs270,146 MCFJan 2024
Citation 14Reeves County, TX419 BBLs9,116 MCFDec 2023
Diamond BackReeves County, TX239 BBLs7,057 MCFDec 2023
Knob Creek 12-11 Unit 1HReeves County, TX1,280 BBLs55,268 MCFJan 2024
Larceny 12-11W Unit 1HReeves County, TX512 BBLs24,121 MCFJan 2024
Pappy Van Winkle State 20-23 1HReeves County, TX7,687 BBLs112,993 MCFJan 2024
Sandhu StateReeves County, TX1,373 BBLs27,024 MCFDec 2023
State Dragonfly UnitReeves County, TX13,589 BBLs182,893 MCFJan 2024
State Einhorn Unit 7Reeves County, TX121,422 BBLs1,245,614 MCFJan 2024
State Firefly 24 UnitReeves County, TX567 BBLs3,970 MCFJan 2024
State Mayfly UnitReeves County, TX5,793 BBLs90,074 MCFJan 2024
State OatmanReeves County, TX0 BBLs0 MCFFeb 2021
State Papillon UnitReeves County, TX33,283 BBLs282,443 MCFJan 2024
State Stonefly UnitReeves County, TX21,390 BBLs449,220 MCFJan 2024
Westway 2122Reeves County, TX1,065 BBLs24,102 MCFDec 2023

Owners of Founders Johnson State

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023FED OPERATING LLCFOUNDERS JOHNSON STATE 1HFED OPERATING
2023EXEMPT-STATE OF TEXASFOUNDERS JOHNSON STATE 1HFED OPERATING
2023TOM E JOHNSON LPFOUNDERS JOHNSON STATE 1HFED OPERATING
2023BOYLAN JOHN PFOUNDERS JOHNSON STATE 1HFED OPERATING
2023TERWILLIGER JOHN FFOUNDERS JOHNSON STATE 1HFED OPERATING

Oil & Gas Sales on Founders Johnson State

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-49964FOUNDERS JOHNSON STATENov 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEOct 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATESep 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEAug 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJul 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJun 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEMay 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEApr 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEMar 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEFeb 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJan 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEDec 2022BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATENov 2022BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEOct 2022BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATESep 2022BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEAug 2022BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJul 2022BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJun 2022BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEMay 2022ANCHOR CRUDE MARKETING, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEApr 2022ANCHOR CRUDE MARKETING, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEMar 2022ANCHOR CRUDE MARKETING, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEFeb 2022ANCHOR CRUDE MARKETING, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJan 2022ANCHOR CRUDE MARKETING, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEDec 2021ANCHOR CRUDE MARKETING, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATENov 2021ANCHOR CRUDE MARKETING, LLCFORTRESS ENERGY DELAWARE LLC