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 - Sep 2024
Total Oil Production321,162 BBLs
Total Gas Production150,807 MCF
Recent Oil Production592 BBLs in Aug 2024
Recent Gas Production0 MCF in Aug 2024
Wells on Property1

Our Valuation Estimates for True Grit

ShaleAssessment

$53,753 *

MarketMultiple

$86,113 **

* 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 Sep 2024

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, TX475 BBLs488 MCFSep 2024
AugustusAndrews County, TX343 BBLs531 MCFSep 2024
AureliusGaines County, TX402 BBLs243 MCFSep 2024
Big JakeGaines County, TX394 BBLs0 MCFSep 2024
Block A-34 UnitAndrews County, TX116 BBLs0 MCFSep 2024
CothesAndrews County, TX1,893 BBLs0 MCFSep 2024
CronusAndrews County, TX1,018 BBLs245 MCFSep 2024
HallAndrews County, TX152 BBLs0 MCFSep 2024
HarrisAndrews County, TX0 BBLs0 MCFJul 2021
Jet PilotAndrews County, TX788 BBLs0 MCFSep 2024
Jordan, AAndrews County, TX23 BBLs0 MCFSep 2024
Junior VarsityAndrews County, TX43 BBLs310 MCFSep 2024
PallasAndrews County, TX699 BBLs1,035 MCFSep 2024
PolluxAndrews County, TX1,146 BBLs843 MCFSep 2024
ScipioGaines County, TX498 BBLs800 MCFSep 2024
ShortesAndrews County, TX674 BBLs0 MCFSep 2024
SimpsonGaines County, TX0 BBLs0 MCFOct 2022
TheaAndrews County, TX809 BBLs1,041 MCFSep 2024
TyphonGaines County, TX413 BBLs317 MCFSep 2024

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 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
8A-70369TRUE GRITJun 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
8A-70369TRUE GRITMay 2023DCP OPERATING COMPANY, LPPARALLEL PETROLEUM LLC