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 - Nov 2025
Total Oil Production18,260 BBLs
Total Gas Production6,249,783 MCF
Recent Oil Production6 BBLs in Oct 2025
Recent Gas Production4,021 MCF in Oct 2025
Wells on Property3

Our Valuation Estimates for Armstrong Iona Faye Gas Unit

ShaleAssessment

$12,380 *

MarketMultiple

$17,786 **

* 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 Nov 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, TX247 BBLs13,835 MCFNov 2025
Alford B Gas UnitRusk County, TX25 BBLs1,642 MCFNov 2025
BeanRusk County, TX3 BBLs2,345 MCFOct 2025
Dean A. E. Gas Unit #1Rusk County, TX1 BBLs12,525 MCFNov 2025
DorseyRusk County, TX4 BBLs4,320 MCFNov 2025
Ellis EstateRusk County, TX3 BBLs3,295 MCFNov 2025
Henderson ERusk County, TX0 BBLs1,632 MCFNov 2025
HowardRusk County, TX165 BBLs7,883 MCFNov 2025
Hubbard Gas Unit #1Rusk County, TX1 BBLs4,875 MCFNov 2025
Jackson Fred BRusk County, TX675 BBLs5,012 MCFNov 2025
Jones A.G. EstateRusk County, TX0 BBLs0 MCFAug 2019
Laird S.S. Gas UnitRusk County, TX0 BBLs4,417 MCFNov 2025
Miller FreemanRusk County, TX12 BBLs3,306 MCFNov 2025
Pool VernonRusk County, TX0 BBLs4,250 MCFNov 2025
Rogers Billy NealRusk County, TX12 BBLs3,789 MCFNov 2025
Wolfe A.SRusk County, TX589 BBLs5,092 MCFNov 2025
Wright J.T. Gas Unit #1Rusk County, TX20 BBLs4,122 MCFNov 2025
Wylie Gas UnitRusk County, TX0 BBLs2,434 MCFNov 2025
YandleRusk County, TX22 BBLs2,136 MCFNov 2025
Yandle Estate Gas UnitRusk County, TX13 BBLs3,616 MCFNov 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 1Nov 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Nov 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Nov 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Nov 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Oct 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Oct 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Oct 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Oct 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Sep 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Sep 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Sep 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Sep 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Aug 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Aug 2025PLAINS MARKETING, L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Aug 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Aug 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Aug 2025PLAINS MARKETING, L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Aug 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Jul 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Jul 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Jul 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Jul 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Jun 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC
06-098601ARMSTRONG IONA FAYE GAS UNIT 1Jun 2025MIDCOAST G & P (EAST TEXAS) L.P.MERIT ENERGY COMPANY, LLC
06-129273ARMSTRONG IONA FAYE GAS UNIT 2Jun 2025MERIT ENERGY COMPANY, LLCMERIT ENERGY COMPANY, LLC