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 - Jun 2025
Total Oil Production18,234 BBLs
Total Gas Production6,229,807 MCF
Recent Oil Production5 BBLs in May 2025
Recent Gas Production4,330 MCF in May 2025
Wells on Property3

Our Valuation Estimates for Armstrong Iona Faye Gas Unit

ShaleAssessment

$13,203 *

MarketMultiple

$19,858 **

* 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 Jun 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, TX240 BBLs12,730 MCFJun 2025
Alford B Gas UnitRusk County, TX5 BBLs336 MCFJun 2025
BeanRusk County, TX3 BBLs2,140 MCFMay 2025
Dean A. E. Gas Unit #1Rusk County, TX0 BBLs13,640 MCFJun 2025
DorseyRusk County, TX0 BBLs4,616 MCFJun 2025
Ellis EstateRusk County, TX0 BBLs3,473 MCFJun 2025
Henderson ERusk County, TX22 BBLs6,223 MCFJun 2025
HowardRusk County, TX164 BBLs8,498 MCFJun 2025
Hubbard Gas Unit #1Rusk County, TX1 BBLs4,315 MCFJun 2025
Jackson Fred BRusk County, TX784 BBLs8,196 MCFJun 2025
Jones A.G. EstateRusk County, TX0 BBLs0 MCFMay 2019
Laird S.S. Gas UnitRusk County, TX22 BBLs4,279 MCFJun 2025
Miller FreemanRusk County, TX35 BBLs3,189 MCFJun 2025
Pool VernonRusk County, TX0 BBLs5,672 MCFJun 2025
Rogers Billy NealRusk County, TX24 BBLs4,368 MCFJun 2025
Wolfe A.SRusk County, TX491 BBLs6,729 MCFJun 2025
Wright J.T. Gas Unit #1Rusk County, TX34 BBLs3,939 MCFJun 2025
Wylie Gas UnitRusk County, TX28 BBLs2,662 MCFJun 2025
YandleRusk County, TX5 BBLs2,185 MCFJun 2025
Yandle Estate Gas UnitRusk County, TX0 BBLs2,687 MCFJun 2025

Owners of Armstrong Iona Faye Gas Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025MERIT ENERGY COMPANYARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2025MERIT ENERGY COMPANYARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2025MOORE DARLENE ESTATEARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2025MOORE DARLENE ESTATEARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2025VENABLE ROYALTY LTDARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2025VENABLE ROYALTY LTDARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2025CADDO MINERALS LPARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
2025CADDO MINERALS LPARMSTRONG IONA FAYE GU (1&2)MERIT ENERGY COMPANY
Displaying 8 of 136 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