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 - Mar 2025
Total Oil Production16,906 BBLs
Total Gas Production10,160,659 MCF
Recent Oil Production0 BBLs in Mar 2025
Recent Gas Production5,228 MCF in Mar 2025
Wells on Property6

Our Valuation Estimates for Cherokee Lake Unit No. 1

ShaleAssessment

$17,442 *

MarketMultiple

$23,033 **

* 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 Mar 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, TX2 BBLs224 MCFApr 2025
BrelsfordGregg County, TX0 BBLs0 MCFOct 2024
BufordGregg County, TX0 BBLs11,355 MCFApr 2025
CherokeeRusk County, TX0 BBLs0 MCFJan 2025
Cherokee Water CompanyRusk County, TX0 BBLs8,190 MCFMar 2025
Collier Gas UnitGregg County, TX1 BBLs3,102 MCFApr 2025
FreemanRusk County, TX0 BBLs8,436 MCFMar 2025
Garrett A.C. GGregg County, TX0 BBLs14,828 MCFApr 2025
Garrett Buford Blow 3Gregg County, TX0 BBLs88,411 MCFApr 2025
GrissomGregg County, TX0 BBLs12,146 MCFApr 2025
Hutchings J. UnitRusk County, TX0 BBLs32,343 MCFApr 2025
Jones AlfordGregg County, TX0 BBLs10,979 MCFApr 2025
Kangerga Et AlGregg County, TX0 BBLs872 MCFApr 2025
Lake Cherokee Gas UnitGregg County, TX0 BBLs8,024 MCFMar 2025
Major Kennedy EstRusk County, TX0 BBLs40,739 MCFApr 2025
Paul Gas UnitRusk County, TX1 BBLs11,017 MCFApr 2025
Pearson JoeRusk County, TX0 BBLs2,830 MCFApr 2025
Pepper E. HRusk County, TX4 BBLs17,821 MCFApr 2025
Strong Gas UnitRusk County, TX5 BBLs8,305 MCFApr 2025
Terrell Gas UnitRusk County, TX4 BBLs11,051 MCFApr 2025

Owners of Cherokee Lake Unit No. 1

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024VERADO ENERGY INCCHEROKEE LAKE UNIT NO. 1 #5VERADO ENERGY,
2024VERADO ENERGY INCCHEROKEE LAKE UNIT NO. 1 #3VERADO ENERGY,
2024VERADO ENERGY INCCHEROKEE LAKE UNIT NO. 1 #4VERADO ENERGY,
2024VERADO ENERGY INC (WI)CHEROKEE LAKE UNIT 1 (6)VERADO ENERGY INC
2024VERADO ENERGY INC (WI)CHEROKEE LAKE UNIT 1 (2)VERADO ENERGY INC
2024VERADO ENERGY INC (WI)CHEROKEE LAKE UNIT 1 (1)VERADO ENERGY INC
2024THOMPSON FLORA L ESTATECHEROKEE LAKE UNIT 1 (6)VERADO ENERGY INC
2024THOMPSON FLORA L ESTATECHEROKEE LAKE UNIT 1 (1)VERADO ENERGY INC
Displaying 8 of 205 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.