Rainbow

Oil & Gas Property in Ward County, TX

Property Summary

Key data points for Rainbow

CountiesLoving County, TX
Ward County, TX
Production DatesJan 1993 - Jan 2024
Total Oil Production479,528 BBLs
Total Gas Production1,403,175 MCF
Recent Oil Production369 BBLs in Dec 2023
Recent Gas Production874 MCF in Dec 2023
Wells on Property10

Our Valuation Estimates for Rainbow

ShaleAssessment

$104,510 *

MarketMultiple

$203,438 **

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

Based on a decimal interest

Rainbow Production Graph

Aggregated production of all wells and leases associated with this property
Subscribe for Full Access Subscribe now to gain immediate access
to oil and gas production for Rainbow
from Jan 1993 to Jan 2024

Wells on Rainbow

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-301-30022RAINBOW STATE 1Contango Resources, LLCTemp AbandonedLoving County, TX31.653400-103.536431
42-301-31154RAINBOW STATE 4Contango Resources, LLCTemp AbandonedLoving County, TX31.654727-103.535286
42-301-31177RAINBOW STATE 5FOREST OIL CORPORATIONPlugged Oil WellLoving County, TX31.657313-103.543792
42-301-31178RAINBOW STATE 7FOREST OIL CORPORATIONPermitted LocationLoving County, TX31.652065-103.549485
42-301-31588RAINBOW STATE 33-70 1HDIAMONDBACK E&P LLCProducingLoving County, TX31.666197-103.523254
42-301-31699RAINBOW 70 1DENERGEN RESOURCES CORPORATIONPermitted LocationLoving County, TX31.657226-103.525126
42-301-31713RAINBOW STATE 33-70 2HDIAMONDBACK E&P LLCProducingLoving County, TX31.662814-103.520899
42-301-31824RAINBOW STATE 33-70 3HDIAMONDBACK E&P LLCShut InLoving County, TX31.654535-103.533240
42-301-31826RAINBOW STATE 33-70 4HDIAMONDBACK E&P LLCProducingLoving County, TX31.652607-103.530442
42-475-34823RAINBOW STATE 6FOREST OIL CORPORATIONPermitted LocationWard County, TX31.648459-103.540218

Leases included in Rainbow

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-057786RAINBOW STATE 1FOREST OIL CORPORATIONLoving County, TX
08-061702RAINBOW STATE 1FOREST OIL CORPORATIONLoving County, TX
08-185465RAINBOW STATE 1FOREST OIL CORPORATIONLoving County, TX
08-204729RAINBOW STATE 4Contango Resources, LLCLoving County, TX
08-205027RAINBOW STATE 1Contango Resources, LLCLoving County, TX
08-38095RAINBOW STATEFOREST OIL CORPORATIONLoving County, TX
08-42303RAINBOW STATE 33-70DIAMONDBACK E&P LLCLoving County, TX

Nearby Properties

These are the closest 20 properties to the Rainbow property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Atlanta 73Ward County, TX6,370 BBLs97,161 MCFJan 2024
Black Mamba 1-57Loving County, TX4,366 BBLs9,242 MCFJan 2024
Bob Couch 3-10Reeves County, TX3,107 BBLs13,381 MCFJan 2024
Brook StateLoving County, TX0 BBLs155 MCFJan 2024
Bush VIper UnitWard County, TX1,219 BBLs14,044 MCFJan 2024
Davey StateLoving County, TX13 BBLs0 MCFJan 2024
Dolly VardenWard County, TX1,423 BBLs2,517 MCFJan 2024
East VermejoWard County, TX681 BBLs2,088 MCFJan 2024
El Paso StateLoving County, TX355 BBLs1,109 MCFJan 2024
ElmerWard County, TX10,564 BBLs69,260 MCFJan 2024
GoldenWard County, TX4,116 BBLs13,200 MCFJan 2024
GraylingLoving County, TX381 BBLs15,648 MCFJan 2024
Lowe 74 UnitLoving County, TX10,446 BBLs206,864 MCFJan 2024
Reveille State Unit 66-68-74Loving County, TX4,719 BBLs61,503 MCFJan 2024
Riverboat Unit 33-71Loving County, TX3,519 BBLs29,443 MCFJan 2024
SalisburyLoving County, TX2,254 BBLs18,359 MCFJan 2024
Sidewinder State Unit 1-68Loving County, TX1,039 BBLs18,113 MCFJan 2024
SteelheadLoving County, TX0 BBLs0 MCFDec 2012
Varden Dolly 1Ward County, TX0 BBLs0 MCFApr 2023
VermejoLoving County, TX0 BBLs2,440 MCFJan 2024

Owners of Rainbow

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023DIAMONDBACK E&P LLCRAINBOW STATE 33-70DIAMONDBACK E&P
2023DIAMONDBACK E&P LLCRAINBOW STATE 33-70DIAMONDBACK E&P LLC
2023XTO ENERGY INC MINRAINBOW STATE 33-70DIAMONDBACK E&P
2023EXXON MOBIL CORP - MINERALSRAINBOW STATE 33-70DIAMONDBACK E&P LLC

Oil & Gas Sales on Rainbow

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-42303RAINBOW STATE 33-70Nov 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Nov 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Oct 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Oct 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Sep 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Sep 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Aug 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Aug 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jul 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jul 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jun 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jun 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70May 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70May 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Apr 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Apr 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Mar 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Mar 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Feb 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Feb 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jan 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jan 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Dec 2022DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Dec 2022PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Nov 2022PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC