Rainbow

Oil & Gas Property in Ward County, TX

Property Summary

Key data points for Rainbow

CountiesLoving County, TX
Ward County, TX
Production DatesJan 1993 - Apr 2025
Total Oil Production496,068 BBLs
Total Gas Production1,443,917 MCF
Recent Oil Production841 BBLs in Mar 2025
Recent Gas Production4,300 MCF in Mar 2025
Wells on Property10

Our Valuation Estimates for Rainbow

ShaleAssessment

$73,772 *

MarketMultiple

$142,069 **

* 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
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to oil and gas production for Rainbow
from Jan 1993 to Apr 2025

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 1HTRP OPERATING LLCShut InLoving County, TX31.666197-103.523254
42-301-31699RAINBOW 70 1DENERGEN RESOURCES CORPORATIONPermitted LocationLoving County, TX31.657226-103.525126
42-301-31713RAINBOW STATE 33-70 2HTRP OPERATING LLCProducingLoving County, TX31.662814-103.520899
42-301-31824RAINBOW STATE 33-70 3HTRP OPERATING LLCHorizontal Well Surface LocatioLoving County, TX31.654535-103.533240
42-301-31826RAINBOW STATE 33-70 4HTRP OPERATING 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 33-70TRP OPERATING 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, TX6,832 BBLs99,488 MCFApr 2025
Black Mamba 1-57Loving County, TX5,398 BBLs13,326 MCFApr 2025
Bob Couch 3-10Reeves County, TX2,689 BBLs12,091 MCFApr 2025
Brook StateLoving County, TX0 BBLs155 MCFApr 2025
BuffaloLoving County, TX15,906 BBLs240,393 MCFApr 2025
Bush VIper UnitWard County, TX1,067 BBLs12,227 MCFApr 2025
Davey-StateLoving County, TX0 BBLs0 MCFJun 2024
Dolly VardenWard County, TX1,741 BBLs1,198 MCFApr 2025
East VermejoWard County, TX1,694 BBLs2,260 MCFApr 2025
El Paso StateLoving County, TX629 BBLs1,712 MCFApr 2025
ElmerWard County, TX9,235 BBLs64,791 MCFApr 2025
GoldenWard County, TX3,796 BBLs13,972 MCFApr 2025
Jayhawk Reveille State Alloc 4012HLoving County, TX10,037 BBLs36,255 MCFApr 2025
Lowe 74 UnitLoving County, TX6,950 BBLs164,217 MCFApr 2025
Reveille State Unit 66-68-74Loving County, TX1,532 BBLs15,747 MCFApr 2025
Riverboat Unit 33-71Loving County, TX3,018 BBLs27,663 MCFApr 2025
SalisburyLoving County, TX1,556 BBLs7,393 MCFApr 2025
Sidewinder State Unit 1-68Loving County, TX993 BBLs1,350 MCFApr 2025
SteelheadLoving County, TX0 BBLs0 MCFDec 2012
VermejoLoving County, TX0 BBLs0 MCFFeb 2025

Frac'ing activity on Rainbow

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-301-31588Rainbow State 33-70/Well No. 1
42-301-31713Rainbow State 33-70/Well No. 2
42-301-31824Rainbow State 33-70/Well No. 3
42-301-31826Rainbow State 33-70/Well No. 4

Owners of Rainbow

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024DIAMONDBACK E&P LLCRAINBOW STATE 33-70DIAMONDBACK E&P
2024DIAMONDBACK E&P LLC WIRAINBOW 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 33-70Apr 2025PLAINS MARKETING, L.P.TRP OPERATING LLC
08-42303RAINBOW STATE 33-70Mar 2025PLAINS MARKETING, L.P.TRP OPERATING LLC
08-42303RAINBOW STATE 33-70Feb 2025PLAINS MARKETING, L.P.TRP OPERATING LLC
08-42303RAINBOW STATE 33-70Jan 2025PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jan 2025DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Dec 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Dec 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Nov 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Nov 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Oct 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Oct 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Sep 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Sep 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Aug 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Aug 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jul 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jul 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jun 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jun 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70May 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70May 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Apr 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Apr 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Mar 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Mar 2024DIAMONDBACK E&P LLC