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 - Sep 2025
Total Oil Production1,669 BBLs
Total Gas Production549,997 MCF
Recent Oil Production0 BBLs in Aug 2025
Recent Gas Production3,537 MCF in Aug 2025
Wells on Property2

Our Valuation Estimates for Gibson-Wesley Unit

ShaleAssessment™

$4,675 *

MarketMultiple™

$15,629 **

* 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 Sep 2025

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 BBLs1,131 MCFSep 2025
BurgessStephens County, TX2 BBLs361 MCFSep 2025
DooleyStephens County, TX0 BBLs85 MCFSep 2025
Dooley-CStephens County, TX11 BBLs1,978 MCFSep 2025
Ed Ford Gas Unit NoStephens County, TX0 BBLs2,250 MCFAug 2025
FordStephens County, TX66 BBLs3,571 MCFSep 2025
G. H. Iles CStephens County, TX72 BBLs2,140 MCFSep 2025
GraggStephens County, TX2 BBLs728 MCFSep 2025
HerringPalo Pinto County, TX74 BBLs0 MCFSep 2025
HolmanStephens County, TX0 BBLs28 MCFSep 2025
Iles G.HStephens County, TX128 BBLs16,584 MCFSep 2025
JohnsPalo Pinto County, TX13 BBLs4,793 MCFSep 2025
JonesStephens County, TX1 BBLs0 MCFAug 2025
KennedyStephens County, TX0 BBLs18 MCFSep 2025
Mok 1Stephens County, TX0 BBLs0 MCFJun 2025
MorelandStephens County, TX0 BBLs4,570 MCFSep 2025
NantzStephens County, TX165 BBLs0 MCFSep 2025
RepassStephens County, TX0 BBLs1,410 MCFSep 2025
ReynoldsStephens County, TX0 BBLs218 MCFSep 2025
StroudStephens County, TX14 BBLs98 MCFSep 2025

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
Long Trusts, The
McClymond, Inc.
Ole Chaparral On Possum Kingdom
Petex
Sky Resources, Inc.
Stonebriar Oil LLC
Wes-Mor Drilling, 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
2025PETROLEUM EXPLORATION COMPANYGIBSON WESLEY UNIT 2PETEX
2025GIBSON HAL ESTGIBSON WESLEY UNIT 2PETEX
2025JENNINGS JOHN IIIGIBSON WESLEY UNIT 2PETEX
2025PETROLEUM EXPLORATION COMPANYGIBSON WESLEY UT 1PETEX
2025WILLIAMSON HARRYGIBSON WESLEY UNIT 2PETEX
2025TROPHY RACK OUTFITTERSGIBSON WESLEY UNIT 2PETEX
2025HOOVER IRENE WESLEY CAUSE #305GIBSON WESLEY UNIT 2PETEX
2025POMYKAL RAY CGIBSON 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-267893GIBSON-WESLEY UNIT 2Mar 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Mar 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Feb 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Feb 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jan 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jan 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Dec 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Dec 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Nov 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Nov 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Oct 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Oct 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Sep 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Sep 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Aug 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Aug 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jul 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jul 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jun 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jun 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1May 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2May 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Apr 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Apr 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Mar 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.