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 - Jun 2026
Total Oil Production1,728 BBLs
Total Gas Production575,101 MCF
Recent Oil Production0 BBLs in May 2026
Recent Gas Production2,864 MCF in May 2026
Wells on Property2

Our Valuation Estimates for Gibson-Wesley Unit

ShaleAssessment™

$4,169 *

MarketMultiple™

$15,038 **

* 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 Jun 2026

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 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 BBLs538 MCFJun 2026
BurgessStephens County, TX1 BBLs359 MCFJun 2026
DollarStephens County, TX0 BBLs2,383 MCFJun 2026
DooleyStephens County, TX0 BBLs91 MCFJun 2026
Dooley-CStephens County, TX27 BBLs3,254 MCFJun 2026
Ed Ford Gas Unit NoStephens County, TX0 BBLs2,258 MCFMay 2026
FordStephens County, TX174 BBLs3,889 MCFJun 2026
G. H. Iles CStephens County, TX64 BBLs2,243 MCFJun 2026
GraggStephens County, TX2 BBLs355 MCFJun 2026
Henry, TrumanStephens County, TX0 BBLs0 MCFMay 2014
HerringPalo Pinto County, TX5 BBLs0 MCFMay 2026
HolmanStephens County, TX0 BBLs137 MCFJun 2026
Iles G.HStephens County, TX908 BBLs17,621 MCFJun 2026
JohnsPalo Pinto County, TX132 BBLs5,394 MCFJun 2026
JonesStephens County, TX1 BBLs0 MCFJun 2026
MorelandStephens County, TX42 BBLs4,095 MCFJun 2026
NantzStephens County, TX6 BBLs0 MCFMay 2026
RepassStephens County, TX0 BBLs1,502 MCFJun 2026
ReynoldsStephens County, TX0 BBLs216 MCFJun 2026
StroudStephens County, TX35 BBLs107 MCFJun 2026

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
Delta Oil & Gas LTD.
Derby Oil Of Texas
Enrich Oil Corporation
Gannett Operating LLC
Griffin Resources
Kramer Operating, LLC
Kramer, Frank C.
Long Trusts, The
McClymond, Inc.
Ole Chaparral On Possum Kingdom
Petex
Robert C. Brower, LLC
Sky Resources, Inc.
Wilchar, DR. R. B.

Frac'ing activity on Gibson-Wesley Unit

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-429-36746Gibson-Wesley Unit #2

Owners of Gibson-Wesley Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2026PETROLEUM EXPLORATION COMPANYGIBSON WESLEY UNIT 2PETEX
2026GIBSON HAL ESTGIBSON WESLEY UNIT 2PETEX
2026JENNINGS JOHN IIIGIBSON WESLEY UNIT 2PETEX
2026PETROLEUM EXPLORATION COMPANYGIBSON WESLEY UT 1PETEX
2026WILLIAMSON HARRYGIBSON WESLEY UNIT 2PETEX
2026TROPHY RACK OUTFITTERSGIBSON WESLEY UNIT 2PETEX
2026HOOVER IRENE WESLEY CAUSE #305GIBSON WESLEY UNIT 2PETEX
2026POMYKAL FORREST AGIBSON WESLEY UNIT 2PETEX
Displaying 8 of 162 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-262786GIBSON-WESLEY UNIT 1May 2026PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2May 2026PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Apr 2026PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Apr 2026PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Mar 2026PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Mar 2026PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Feb 2026TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jan 2026PHILLIPS 66 COMPANYPETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jan 2026TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Dec 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Nov 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Nov 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Oct 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Oct 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Sep 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Sep 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Aug 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Aug 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jul 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jul 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jun 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jun 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1May 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2May 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Apr 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.