True Grit

Oil & Gas Property in Andrews County, TX

Property Summary

Key data points for True Grit

CountyAndrews County, TX
OperatorPARALLEL PETROLEUM LLC
Production DatesJul 2015 - Jan 2025
Total Oil Production323,619 BBLs
Total Gas Production150,807 MCF
Recent Oil Production507 BBLs in Dec 2024
Recent Gas Production0 MCF in Dec 2024
Wells on Property1

Our Valuation Estimates for True Grit

ShaleAssessment

$50,657 *

MarketMultiple

$86,119 **

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

Based on a decimal interest

True Grit 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 True Grit
from Jul 2015 to Jan 2025

Wells on True Grit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-003-47086TRUE GRIT 1HPARALLEL PETROLEUM LLCProducingAndrews County, TX32.517607-102.654978

Leases included in True Grit

Lease #Lease NameOperatorCountyMonthly Oil Prod.
8A-70369TRUE GRITPARALLEL PETROLEUM LLCAndrews County, TX

Nearby Properties

These are the closest 20 properties to the True Grit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AlexanderAndrews County, TX0 BBLs0 MCFOct 2022
ApolloGaines County, TX565 BBLs317 MCFJan 2025
AugustusAndrews County, TX590 BBLs483 MCFJan 2025
AureliusGaines County, TX622 BBLs299 MCFJan 2025
Big JakeGaines County, TX381 BBLs0 MCFJan 2025
Block A-34 UnitAndrews County, TX113 BBLs0 MCFJan 2025
CothesAndrews County, TX1,882 BBLs0 MCFJan 2025
DianaAndrews County, TX304 BBLs545 MCFJan 2025
HallAndrews County, TX281 BBLs0 MCFJan 2025
HarrisAndrews County, TX0 BBLs0 MCFJul 2021
Jet PilotAndrews County, TX686 BBLs0 MCFJan 2025
Jordan, AAndrews County, TX24 BBLs0 MCFJan 2025
Lucky TexanAndrews County, TX735 BBLs0 MCFJan 2025
PallasAndrews County, TX987 BBLs739 MCFJan 2025
PolluxAndrews County, TX863 BBLs499 MCFJan 2025
ScipioGaines County, TX284 BBLs319 MCFJan 2025
ShortesAndrews County, TX476 BBLs0 MCFJan 2025
SimpsonGaines County, TX0 BBLs0 MCFOct 2022
TheaAndrews County, TX258 BBLs1,058 MCFJan 2025
TyphonGaines County, TX448 BBLs328 MCFJan 2025

Frac'ing activity on True Grit

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-003-47086TrueGrit 1H
42-003-47086TrueGrit 1H

Owners of True Grit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024PARALLEL PETROLEUM LLCTRUE GRIT 1HPARALLEL PETRO
2024PARALLEL PETROLEUM LLCTRUE GRIT 1HPARALLEL PETRO
2024PRICE JOE D LLCTRUE GRIT 1HPARALLEL PETRO
2024PRICE JOE D LLCTRUE GRIT 1HPARALLEL PETRO
2024ZPZ DELAWARE I LLCTRUE GRIT 1HPARALLEL PETRO
2024FMH FOUNDATION OIL/GASTRUE GRIT 1HPARALLEL PETRO
2024ZPZ DELAWARE I LLCTRUE GRIT 1HPARALLEL PETRO
2024FMH FOUNDATION OIL/GASTRUE GRIT 1HPARALLEL PETRO
Displaying 8 of 265 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on True Grit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
8A-70369TRUE GRITOct 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITSep 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITAug 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJul 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJun 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITMay 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITApr 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITMar 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITFeb 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITFeb 2024DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJan 2024PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJan 2024DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITDec 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITDec 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITNov 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITNov 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITOct 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITOct 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITSep 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITSep 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITAug 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITAug 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJul 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJul 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITJun 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC