Armstrong Iona Faye Gas Unit

Oil & Gas Property in Rusk County, TX

Property Summary

Key data points for Armstrong Iona Faye Gas Unit

CountyRusk County, TX
OperatorMERIT ENERGY COMPANY
Production DatesJan 1993 - Apr 2025
Total Oil Production18,225 BBLs
Total Gas Production6,221,196 MCF
Recent Oil Production21 BBLs in Mar 2025
Recent Gas Production4,677 MCF in Mar 2025
Wells on Property3

Our Valuation Estimates for Armstrong Iona Faye Gas Unit

ShaleAssessment

$13,524 *

MarketMultiple

$17,750 **

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

Based on a decimal interest

Armstrong Iona Faye Gas Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Armstrong Iona Faye Gas Unit
from Jan 1993 to Apr 2025

Wells on Armstrong Iona Faye Gas Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-401-31409ARMSTRONG IONA FAYE GAS UNIT 1MERIT ENERGY COMPANYProducingRusk County, TX32.239167-94.845029
42-401-32222ARMSTRONG IONA FAYE GAS UNIT 2MERIT ENERGY COMPANYProducingRusk County, TX32.245605-94.842128
42-401-32580ARMSTRONG IONA FAYE GAS UNIT 3MERIT ENERGY COMPANYTemp AbandonedRusk County, TX32.236119-94.844842

Leases included in Armstrong Iona Faye Gas Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
06-098601ARMSTRONG IONA FAYE GAS UNIT 1MERIT ENERGY COMPANYRusk County, TX
06-129273ARMSTRONG IONA FAYE GAS UNIT 2MERIT ENERGY COMPANYRusk County, TX
06-154931ARMSTRONG IONA FAYE GAS UNIT 3MERIT ENERGY COMPANYRusk County, TX

Nearby Properties

These are the closest 20 properties to the Armstrong Iona Faye Gas Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
A. E. Dean Gu 1 7HRusk County, TX237 BBLs14,225 MCFApr 2025
Alford B Gas UnitRusk County, TX20 BBLs1,338 MCFApr 2025
BeanRusk County, TX5 BBLs2,236 MCFMar 2025
Dean A. E. Gas Unit #1Rusk County, TX0 BBLs13,385 MCFApr 2025
DorseyRusk County, TX1 BBLs4,993 MCFApr 2025
Ellis EstateRusk County, TX0 BBLs3,402 MCFApr 2025
Henderson ERusk County, TX29 BBLs7,714 MCFApr 2025
HowardRusk County, TX170 BBLs7,207 MCFApr 2025
Hubbard Gas Unit #1Rusk County, TX0 BBLs5,019 MCFApr 2025
Jackson Fred BRusk County, TX781 BBLs5,162 MCFApr 2025
Jones A.G. EstateRusk County, TX0 BBLs0 MCFMay 2019
Laird S.S. Gas UnitRusk County, TX7 BBLs4,786 MCFApr 2025
Miller FreemanRusk County, TX34 BBLs3,292 MCFApr 2025
Pool VernonRusk County, TX0 BBLs4,840 MCFApr 2025
Rogers Billy NealRusk County, TX72 BBLs4,447 MCFApr 2025
Wolfe A.SRusk County, TX536 BBLs8,519 MCFApr 2025
Wright J.T. Gas Unit #1Rusk County, TX44 BBLs4,222 MCFApr 2025
Wylie Gas UnitRusk County, TX0 BBLs2,304 MCFApr 2025
YandleRusk County, TX4 BBLs1,570 MCFApr 2025
Yandle Estate Gas UnitRusk County, TX13 BBLs4,252 MCFApr 2025

Owners of Armstrong Iona Faye Gas Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024MERIT ENERGY COMPANYARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2024MERIT ENERGY COMPANYARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2024MOORE DARLENE ESTATEARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2024MOORE DARLENE ESTATEARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2024MERIT ENERGY COMPANYARMSTRONG IONA FAYE GU (3)MERIT ENERGY COMPANY
2024VENABLE ROYALTY LTDARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2024VENABLE ROYALTY LTDARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2024CADDO MINERALS LPARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
Displaying 8 of 139 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Armstrong Iona Faye Gas Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Mar 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Mar 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Mar 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Mar 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Feb 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Feb 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Feb 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Feb 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Jan 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Jan 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Jan 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Jan 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Dec 2024MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Dec 2024PLAINS MARKETING, L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Dec 2024MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Dec 2024MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Dec 2024PLAINS MARKETING, L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Dec 2024MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Nov 2024MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Nov 2024MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Nov 2024MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Nov 2024MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Oct 2024MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Oct 2024MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Oct 2024MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC