Rainbow

Oil & Gas Property in Ward County, TX

Property Summary

Key data points for Rainbow

CountiesLoving County, TX
Ward County, TX
Production DatesJan 1993 - Jul 2025
Total Oil Production498,776 BBLs
Total Gas Production1,454,433 MCF
Recent Oil Production1,072 BBLs in Jun 2025
Recent Gas Production4,049 MCF in Jun 2025
Wells on Property10

Our Valuation Estimates for Rainbow

ShaleAssessment

$70,996 *

MarketMultiple

$117,731 **

* 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 Jul 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, TX5,809 BBLs84,696 MCFJul 2025
Black Mamba 1-57Loving County, TX3,476 BBLs11,605 MCFJul 2025
Bob Couch 3-10Reeves County, TX2,413 BBLs16,397 MCFJul 2025
Brook StateLoving County, TX0 BBLs150 MCFJul 2025
BuffaloLoving County, TX18,064 BBLs163,616 MCFJul 2025
Bush VIper UnitWard County, TX1,013 BBLs7,055 MCFJul 2025
Davey-StateLoving County, TX37 BBLs0 MCFJul 2025
Dolly VardenWard County, TX1,546 BBLs3,183 MCFJul 2025
East VermejoWard County, TX181 BBLs1,089 MCFJul 2025
El Paso StateLoving County, TX479 BBLs151 MCFJul 2025
ElmerWard County, TX1,070 BBLs6,146 MCFJul 2025
GoldenWard County, TX1,658 BBLs7,035 MCFJul 2025
Jayhawk Reveille State Alloc 4012HLoving County, TX7,706 BBLs29,619 MCFJul 2025
Lowe 74 UnitLoving County, TX5,761 BBLs146,408 MCFJul 2025
Reveille State Unit 66-68-74Loving County, TX867 BBLs15,852 MCFJul 2025
Riverboat Unit 33-71Loving County, TX2,506 BBLs23,434 MCFJul 2025
SalisburyLoving County, TX1,676 BBLs11,633 MCFJul 2025
Sidewinder State Unit 1-68Loving County, TX801 BBLs10,959 MCFJul 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
2025TRP OPERATING LLCRAINBOW STATE 33-70TRP OPERATING LLC
2025TRP OPERATING LLCRAINBOW STATE 33-70TRP OPERATING 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