Gibson-Wesley Unit

Oil & Gas Property in Stephens County, TX

  2. Texas
  3. Stephens County, TX
  4. Oil & Gas Properties in Stephens County, TX
  5. Gibson-Wesley Unit Oil & Gas Property

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Property Summary

Key data points for Gibson-Wesley Unit

CountyStephens County, TX
OperatorPETEX
Production DatesFeb 2012 - Jan 2024
Total Oil Production1,610 BBLs
Total Gas Production473,809 MCF
Recent Oil Production1 BBLs in Dec 2023
Recent Gas Production5,086 MCF in Dec 2023
Wells on Property2

Our Valuation Estimates for Gibson-Wesley Unit

ShaleAssessment™

$7,031 *

MarketMultiple™

$15,749 **

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

Based on a decimal interest

Gibson-Wesley Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Gibson-Wesley Unit
from Feb 2012 to Jan 2024

Wells on Gibson-Wesley Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-429-36678GIBSON-WESLEY UNIT 1PETEXProducingStephens County, TX32.895128-98.627169
42-429-36746GIBSON-WESLEY UNIT 2PETEXProducingStephens County, TX32.895558-98.633008

Leases included in Gibson-Wesley Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
7B-262786GIBSON-WESLEY UNIT 1PETEXStephens County, TX
7B-267893GIBSON-WESLEY UNIT 2PETEXStephens County, TX

Nearby Properties

These are the closest 20 properties to the Gibson-Wesley Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BrownStephens County, TX0 BBLs758 MCFJan 2024
BurgessStephens County, TX4 BBLs484 MCFJan 2024
DooleyStephens County, TX0 BBLs95 MCFDec 2023
Dooley CStephens County, TX17 BBLs3,190 MCFJan 2024
Ed Ford Gas Unit NoStephens County, TX0 BBLs2,527 MCFDec 2023
FordStephens County, TX115 BBLs3,104 MCFJan 2024
G. H. Iles CStephens County, TX72 BBLs2,568 MCFJan 2024
GraggStephens County, TX8 BBLs439 MCFDec 2023
HerringPalo Pinto County, TX35 BBLs0 MCFDec 2023
HolmanStephens County, TX0 BBLs370 MCFJan 2024
Iles G.HStephens County, TX174 BBLs14,067 MCFJan 2024
JohnsPalo Pinto County, TX24 BBLs2,673 MCFJan 2024
JonesStephens County, TX1 BBLs0 MCFJan 2024
KennedyStephens County, TX0 BBLs1,275 MCFJan 2024
Mok 1Stephens County, TX0 BBLs102 MCFJan 2024
MorelandStephens County, TX7 BBLs5,532 MCFJan 2024
NantzStephens County, TX5 BBLs0 MCFDec 2023
RepassStephens County, TX0 BBLs1,206 MCFJan 2024
ReynoldsStephens County, TX0 BBLs262 MCFJan 2024
StroudStephens County, TX41 BBLs68 MCFJan 2024

Companies in the Area

These are the closest 20 companies operating near the Gibson-Wesley Unit property.

Company Name
Akers, B. F.
Allar Co., The
Bettis, Boyle & Stovall
Breck Operating Corp.
Brightman, Tom
Bruce Operating Account
Derby Oil Of Texas
Enrich Oil Corporation
Gannett Operating LLC
Griffin Resources
Jeff Dooley Operating, LLC
Kramer Operating, LLC
Kramer, Frank C.
Long Trusts, The
McClymond, Inc.
Ole Chaparral On Possum Kingdom
Petex
Sky Resources, Inc.
Stonebriar Oil LLC
Wes-Mor Drilling, Inc.

Owners of Gibson-Wesley Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023PETROLEUM EXPLORATION COMPANYGIBSON WESLEY UNIT 2PETEX
2023GIBSON HAL ESTGIBSON WESLEY UNIT 2PETEX
2023JENNINGS JOHN IIIGIBSON WESLEY UNIT 2PETEX
2023PETROLEUM EXPLORATION COMPANYGIBSON WESLEY UT 1PETEX
2023GIBSON HAL ESTGIBSON WESLEY UT 1PETEX
2023WILLIAMSON HARRYGIBSON WESLEY UNIT 2PETEX
2023JENNINGS JOHN IIIGIBSON WESLEY UT 1PETEX
2023TROPHY RACK OUTFITTERSGIBSON WESLEY UNIT 2PETEX
Displaying 8 of 164 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Gibson-Wesley Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
7B-267893GIBSON-WESLEY UNIT 2Nov 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Nov 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Oct 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Oct 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Sep 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Sep 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Aug 2023PHILLIPS 66 COMPANYPETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Aug 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Aug 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jul 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jul 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jun 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jun 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1May 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2May 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1May 2023PHILLIPS 66 COMPANYPETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Apr 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Apr 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Mar 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Mar 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Feb 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Feb 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jan 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jan 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Dec 2022TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.