Orbit 51-7-21-16

Oil & Gas Property in Reeves County, TX

  2. Texas
  3. Reeves County, TX
  4. Oil & Gas Properties in Reeves County, TX
  5. Orbit 51-7-21-16 Oil & Gas Property

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Property Summary

Key data points for Orbit 51-7-21-16

CountyReeves County, TX
OperatorPERMIAN RESOURCES OPERATING, LLC
Production DatesAug 2023 - Jun 2025
Total Oil Production2,330,741 BBLs
Total Gas Production5,406,177 MCF
Recent Oil Production53,759 BBLs in May 2025
Recent Gas Production196,776 MCF in May 2025
Wells on Property7

Our Valuation Estimates for Orbit 51-7-21-16

ShaleAssessment™

Not Available

MarketMultiple™

$6,147,397 **

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

Based on a decimal interest

Orbit 51-7-21-16 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Orbit 51-7-21-16
from Aug 2023 to Jun 2025

Wells on Orbit 51-7-21-16

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-389-40456ORBIT 51-7-21-16 A 81HPermian Resources Operating, LLCProducingReeves County, TX31.245692-103.436955
42-389-40457ORBIT 51-7-21-16 B 12HPermian Resources Operating, LLCProducingReeves County, TX31.245692-103.436858
42-389-40458ORBIT 51-7-21-16 C 83HPermian Resources Operating, LLCProducingReeves County, TX31.245706-103.432158
42-389-40459ORBIT 51-7-21-16 D 14HPermian Resources Operating, LLCProducingReeves County, TX31.245709-103.432063
42-389-40460ORBIT 51-7-21-16 E 85HPermian Resources Operating, LLCProducingReeves County, TX31.245717-103.428888
42-389-40461ORBIT 51-7-21-16 F 16HPermian Resources Operating, LLCProducingReeves County, TX31.245720-103.428791
42-389-40462ORBIT 51-7-21-16 G 87HPermian Resources Operating, LLCProducingReeves County, TX31.245720-103.428694

Leases included in Orbit 51-7-21-16

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-60025ORBIT 51-7-21-16 BPermian Resources Operating, LLCReeves County, TX
08-60063ORBIT 51-7-21-16 APermian Resources Operating, LLCReeves County, TX
08-60064ORBIT 51-7-21-16 DPermian Resources Operating, LLCReeves County, TX
08-60066ORBIT 51-7-21-16 GPermian Resources Operating, LLCReeves County, TX
08-60068ORBIT 51-7-21-16 FPermian Resources Operating, LLCReeves County, TX
08-60104ORBIT 51-7-21-16 EPermian Resources Operating, LLCReeves County, TX
08-60124ORBIT 51-7-21-16 CPermian Resources Operating, LLCReeves County, TX

Nearby Properties

These are the closest 20 properties to the Orbit 51-7-21-16 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Alyx State 22Reeves County, TX530 BBLs188 MCFJun 2025
Astro State 51-7-22-15Reeves County, TX19,001 BBLs53,504 MCFJun 2025
Bear Claw State 29-28 UnitReeves County, TX10,500 BBLs10,162 MCFJun 2025
Carter 26Reeves County, TX189 BBLs0 MCFJun 2025
Chapman StateReeves County, TX6,799 BBLs6,144 MCFJun 2025
Chevron MineralsReeves County, TX754 BBLs982 MCFJun 2025
CooperReeves County, TX1,102 BBLs594 MCFJun 2025
Governator UnitReeves County, TX2,773 BBLs18,116 MCFJun 2025
Graves StateReeves County, TX62,363 BBLs83,055 MCFJun 2025
Jordan 51-16Reeves County, TX1 BBLs618 MCFJun 2025
Leigh State 40Reeves County, TX348 BBLs33 MCFJun 2025
LydaReeves County, TX3,488 BBLs8,188 MCFJun 2025
McCullough 35-38Reeves County, TX5,951 BBLs17,379 MCFJun 2025
Rialto 23Reeves County, TX376 BBLs0 MCFJun 2025
South Williams 10-51Reeves County, TX405 BBLs606 MCFJun 2025
ToyahReeves County, TX185 BBLs1,634 MCFJun 2025
Toyah 4-9 Pilot UnitReeves County, TX7,078 BBLs22,962 MCFJun 2025
Walker State 28Reeves County, TX0 BBLs533 MCFJun 2025
WebsterReeves County, TX0 BBLs21 MCFMay 2025
Weinert State 34Reeves County, TX10,235 BBLs32,180 MCFJun 2025

Companies in the Area

These are the closest 20 companies operating near the Orbit 51-7-21-16 property.

Company Name
Apache Corporation
Atlantic Operating, Inc.
Browning Oil Company, Inc.
Callon Petroleum Operating Co
Centennial Resource Prod, LLC
Chevron USA Inc
Civitas Permian Operating, LLC
COG Operating LLC
Exl Petroleum, LP
Greenlake Energy Operating, LLC
McDonnold Operating, Inc.
Noble Energy Inc
Oxy USA Inc
Oxy USA WTP LP
Par Minerals Corporation
Permian Resources Operating, LLC
Rio Oil And Gas (Permian) II,LLC
Thompson, J. Cleo
U. S. Energy Development Corporation
Vital Energy, Inc.

Frac'ing activity on Orbit 51-7-21-16

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-389-40456ORBIT 51-7-21-16 A 81H
42-389-40457ORBIT 51-7-21-16 B 12H
42-389-40458ORBIT 51-7-21-16 C 83H
42-389-40459ORBIT 51-7-21-16 D 14H
42-389-40460ORBIT 51-7-21-16 E 85H
42-389-40461ORBIT 51-7-21-16 F 16H
42-389-40462ORBIT 51-7-21-16 G 87H

Owners of Orbit 51-7-21-16

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025PERMIAN RESOURCES OPERATING LLCORBIT 51-7-21 16 A 81HPERMIAN RESOUR
2025PERMIAN RESOURCES OPERATING LLCORBIT 51-7-21-16 C 83HPERMIAN RESOUR
2025PERMIAN RESOURCES OPERATING LLCORBIT 51-7-21-16 G 87HPERMIAN RESOUR
2025PERMIAN RESOURCES OPERATING LLCORBIT 51-7-21-16 E 85HPERMIAN RESOUR
2025PERMIAN RESOURCES OPERATING LLCORBIT 51-7-21-16 F 16HPERMIAN RESOUR
2025PERMIAN RESOURCES OPERATING LLCORBIT 51-7-21-16 D 14HPERMIAN RESOUR
2025PERMIAN RESOURCES OPERATING LLCORBIT 51-7 21-16 B 12HPERMIAN RESOUR
2025FORTIS MINERALS II LLCORBIT 51-7-21 16 A 81HPERMIAN RESOUR
Displaying 8 of 273 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Orbit 51-7-21-16

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-60124ORBIT 51-7-21-16 CApr 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60025ORBIT 51-7-21-16 BApr 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60068ORBIT 51-7-21-16 FApr 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60066ORBIT 51-7-21-16 GApr 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60064ORBIT 51-7-21-16 DApr 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60104ORBIT 51-7-21-16 EApr 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60063ORBIT 51-7-21-16 AApr 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60066ORBIT 51-7-21-16 GMar 2025PERMIAN RESOURCES OPERATING, LLC
08-60066ORBIT 51-7-21-16 GMar 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60068ORBIT 51-7-21-16 FMar 2025PERMIAN RESOURCES OPERATING, LLC
08-60068ORBIT 51-7-21-16 FMar 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60104ORBIT 51-7-21-16 EMar 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60104ORBIT 51-7-21-16 EMar 2025PERMIAN RESOURCES OPERATING, LLC
08-60063ORBIT 51-7-21-16 AMar 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60025ORBIT 51-7-21-16 BMar 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60124ORBIT 51-7-21-16 CMar 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60124ORBIT 51-7-21-16 CMar 2025PERMIAN RESOURCES OPERATING, LLC
08-60064ORBIT 51-7-21-16 DMar 2025PERMIAN RESOURCES OPERATING, LLC
08-60064ORBIT 51-7-21-16 DMar 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60025ORBIT 51-7-21-16 BMar 2025PERMIAN RESOURCES OPERATING, LLC
08-60063ORBIT 51-7-21-16 AMar 2025PERMIAN RESOURCES OPERATING, LLC
08-60025ORBIT 51-7-21-16 BFeb 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60066ORBIT 51-7-21-16 GFeb 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60064ORBIT 51-7-21-16 DFeb 2025OCCIDENTAL ENERGY MARKETING, INC.PERMIAN RESOURCES OPERATING, LLC
08-60066ORBIT 51-7-21-16 GFeb 2025PERMIAN RESOURCES OPERATING, LLC