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 - Mar 2026
Total Oil Production1,728 BBLs
Total Gas Production566,601 MCF
Recent Oil Production0 BBLs in Feb 2026
Recent Gas Production2,171 MCF in Feb 2026
Wells on Property2

Our Valuation Estimates for Gibson-Wesley Unit

ShaleAssessment™

$4,327 *

MarketMultiple™

$15,874 **

* 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 Mar 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 BBLs694 MCFMar 2026
BurgessStephens County, TX1 BBLs322 MCFMar 2026
DollarStephens County, TX0 BBLs2,089 MCFMar 2026
DooleyStephens County, TX0 BBLs69 MCFMar 2026
Dooley-CStephens County, TX26 BBLs2,824 MCFMar 2026
Ed Ford Gas Unit NoStephens County, TX0 BBLs2,046 MCFFeb 2026
FordStephens County, TX166 BBLs2,763 MCFMar 2026
G. H. Iles CStephens County, TX71 BBLs1,775 MCFMar 2026
GraggStephens County, TX3 BBLs495 MCFMar 2026
Henry, TrumanStephens County, TX0 BBLs0 MCFMay 2014
HerringPalo Pinto County, TX30 BBLs0 MCFMar 2026
HolmanStephens County, TX0 BBLs124 MCFMar 2026
Iles G.HStephens County, TX548 BBLs15,384 MCFMar 2026
JohnsPalo Pinto County, TX20 BBLs1,336 MCFMar 2026
JonesStephens County, TX1 BBLs0 MCFMar 2026
MorelandStephens County, TX0 BBLs3,806 MCFMar 2026
NantzStephens County, TX40 BBLs0 MCFMar 2026
RepassStephens County, TX0 BBLs1,222 MCFMar 2026
ReynoldsStephens County, TX0 BBLs192 MCFMar 2026
StroudStephens County, TX16 BBLs40 MCFMar 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
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 2Feb 2026TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jan 2026TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jan 2026PHILLIPS 66 COMPANYPETROLEUM 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-262786GIBSON-WESLEY UNIT 1Sep 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 1Aug 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 1Jul 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jul 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 1Jun 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-267893GIBSON-WESLEY UNIT 2Apr 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Apr 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
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-262786GIBSON-WESLEY UNIT 1Feb 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 1Jan 2025TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.