Cherokee Lake Unit No. 1

Oil & Gas Property in Rusk County, TX

Property Summary

Key data points for Cherokee Lake Unit No. 1

CountiesGregg County, TX
Rusk County, TX
OperatorFORTUNE RESOURCES LLC
Production DatesMar 2001 - May 2025
Total Oil Production16,906 BBLs
Total Gas Production10,177,135 MCF
Recent Oil Production0 BBLs in May 2025
Recent Gas Production7,837 MCF in May 2025
Wells on Property6

Our Valuation Estimates for Cherokee Lake Unit No. 1

ShaleAssessment

$17,013 *

MarketMultiple

$27,974 **

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

Based on a decimal interest

Cherokee Lake Unit No. 1 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Cherokee Lake Unit No. 1
from Mar 2001 to May 2025

Wells on Cherokee Lake Unit No. 1

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-183-31495CHEROKEE LAKE UNIT NO. 1 3FORTUNE RESOURCES LLCProducingGregg County, TX32.370192-94.616233
42-183-31584CHEROKEE LAKE UNIT NO. 1 4FORTUNE RESOURCES LLCProducingGregg County, TX32.372761-94.624292
42-183-31935CHEROKEE LAKE UNIT NO. 1 5FORTUNE RESOURCES LLCProducingGregg County, TX32.370802-94.616559
42-401-33031CHEROKEE LAKE UNIT NO. 1 1FORTUNE RESOURCES LLCProducingRusk County, TX32.359304-94.632571
42-401-33068CHEROKEE LAKE UNIT NO. 1 2FORTUNE RESOURCES LLCProducingRusk County, TX32.360322-94.633212
42-401-34895CHEROKEE LAKE UNIT NO. 1 6FORTUNE RESOURCES LLCProducingRusk County, TX32.360451-94.633129

Leases included in Cherokee Lake Unit No. 1

Lease #Lease NameOperatorCountyMonthly Gas Prod.
06-182867CHEROKEE LAKE UNIT NO. 1 1FORTUNE RESOURCES LLCRusk County, TX
06-183792CHEROKEE LAKE UNIT NO. 1 2FORTUNE RESOURCES LLCRusk County, TX
06-191617CHEROKEE LAKE UNIT NO. 1 3FORTUNE RESOURCES LLCGregg County, TX
06-199952CHEROKEE LAKE UNIT NO. 1 4FORTUNE RESOURCES LLCGregg County, TX
06-230888CHEROKEE LAKE UNIT NO. 1 5FORTUNE RESOURCES LLCGregg County, TX
06-249378CHEROKEE LAKE UNIT NO. 1 6FORTUNE RESOURCES LLCRusk County, TX

Nearby Properties

These are the closest 20 properties to the Cherokee Lake Unit No. 1 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BirdsongGregg County, TX0 BBLs149 MCFJun 2025
BrelsfordGregg County, TX0 BBLs0 MCFOct 2024
BufordGregg County, TX0 BBLs12,286 MCFJun 2025
CherokeeRusk County, TX0 BBLs7,430 MCFJun 2025
Cherokee Water CompanyRusk County, TX0 BBLs8,719 MCFJun 2025
Collier Gas UnitGregg County, TX65 BBLs2,884 MCFJun 2025
FreemanRusk County, TX40 BBLs9,312 MCFMay 2025
Garrett A.C. GGregg County, TX0 BBLs15,088 MCFJun 2025
Garrett Buford Blow 3Gregg County, TX0 BBLs86,431 MCFJun 2025
GrissomGregg County, TX175 BBLs10,612 MCFJun 2025
Hutchings J. UnitRusk County, TX0 BBLs32,497 MCFJun 2025
Jones AlfordGregg County, TX0 BBLs12,135 MCFJun 2025
Kangerga Et AlGregg County, TX1 BBLs782 MCFJun 2025
Lake Cherokee Gas UnitGregg County, TX0 BBLs9,332 MCFMay 2025
Major Kennedy EstRusk County, TX0 BBLs42,078 MCFJun 2025
Paul Gas UnitRusk County, TX2 BBLs11,314 MCFJun 2025
Pearson JoeRusk County, TX118 BBLs2,335 MCFJun 2025
Pepper, E.HRusk County, TX27 BBLs17,655 MCFJun 2025
Strong Gas UnitRusk County, TX2 BBLs8,736 MCFJun 2025
Terrell Gas UnitRusk County, TX2 BBLs12,426 MCFJun 2025

Owners of Cherokee Lake Unit No. 1

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025VERADO ENERGY INCCHEROKEE LAKE UNIT NO. 1 #3FORTUNE RESOUR
2025VERADO ENERGY INCCHEROKEE LAKE UNIT NO. 1 #4FORTUNE RESOUR
2025VERADO ENERGY INCCHEROKEE LAKE UNIT NO. 1 #5FORTUNE RESOUR
2025VERADO ENERGY INC (WI)CHEROKEE LAKE UNIT 1 (6)VERADO ENERGY INC
2025FORTUNE RESOURCES LLCCHEROKEE LAKE UNIT 1 (1)FORTUNE RESOURCS LLC
2025FORTUNE RESOURCES LLCCHEROKEE LAKE UNIT 1 (2)FORTUNE RESOURCS LLC
2025THOMPSON FLORA L ESTATECHEROKEE LAKE UNIT 1 (2)FORTUNE RESOURCS LLC
2025THOMPSON FLORA L ESTATECHEROKEE LAKE UNIT 1 (6)VERADO ENERGY INC
Displaying 8 of 154 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Cherokee Lake Unit No. 1

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
06-182867CHEROKEE LAKE UNIT NO. 1 1Apr 2025PLAINS MARKETING, L.P.FORTUNE RESOURCES LLC
06-199952CHEROKEE LAKE UNIT NO. 1 4Apr 2025PLAINS MARKETING, L.P.FORTUNE RESOURCES LLC
06-182867CHEROKEE LAKE UNIT NO. 1 1Mar 2025VERADO ENERGY, INC.
06-183792CHEROKEE LAKE UNIT NO. 1 2Mar 2025VERADO ENERGY, INC.
06-191617CHEROKEE LAKE UNIT NO. 1 3Mar 2025VERADO ENERGY, INC.
06-230888CHEROKEE LAKE UNIT NO. 1 5Mar 2025VERADO ENERGY, INC.
06-249378CHEROKEE LAKE UNIT NO. 1 6Mar 2025VERADO ENERGY, INC.
06-182867CHEROKEE LAKE UNIT NO. 1 1Feb 2025VERADO ENERGY, INC.
06-183792CHEROKEE LAKE UNIT NO. 1 2Feb 2025VERADO ENERGY, INC.
06-191617CHEROKEE LAKE UNIT NO. 1 3Feb 2025VERADO ENERGY, INC.
06-230888CHEROKEE LAKE UNIT NO. 1 5Feb 2025VERADO ENERGY, INC.
06-249378CHEROKEE LAKE UNIT NO. 1 6Feb 2025VERADO ENERGY, INC.
06-182867CHEROKEE LAKE UNIT NO. 1 1Jan 2025VERADO ENERGY, INC.
06-183792CHEROKEE LAKE UNIT NO. 1 2Jan 2025VERADO ENERGY, INC.
06-191617CHEROKEE LAKE UNIT NO. 1 3Jan 2025VERADO ENERGY, INC.
06-230888CHEROKEE LAKE UNIT NO. 1 5Jan 2025VERADO ENERGY, INC.
06-249378CHEROKEE LAKE UNIT NO. 1 6Jan 2025VERADO ENERGY, INC.
06-182867CHEROKEE LAKE UNIT NO. 1 1Dec 2024VERADO ENERGY, INC.
06-183792CHEROKEE LAKE UNIT NO. 1 2Dec 2024VERADO ENERGY, INC.
06-191617CHEROKEE LAKE UNIT NO. 1 3Dec 2024VERADO ENERGY, INC.
06-230888CHEROKEE LAKE UNIT NO. 1 5Dec 2024VERADO ENERGY, INC.
06-249378CHEROKEE LAKE UNIT NO. 1 6Dec 2024VERADO ENERGY, INC.
06-182867CHEROKEE LAKE UNIT NO. 1 1Nov 2024VERADO ENERGY, INC.
06-183792CHEROKEE LAKE UNIT NO. 1 2Nov 2024VERADO ENERGY, INC.
06-191617CHEROKEE LAKE UNIT NO. 1 3Nov 2024VERADO ENERGY, INC.