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 - Aug 2024
Total Oil Production320,369 BBLs
Total Gas Production150,807 MCF
Recent Oil Production539 BBLs in Jul 2024
Recent Gas Production0 MCF in Jul 2024
Wells on Property1

Our Valuation Estimates for True Grit

ShaleAssessment

$54,553 *

MarketMultiple

$93,979 **

* 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 Aug 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, TX548 BBLs503 MCFAug 2024
AugustusAndrews County, TX737 BBLs600 MCFAug 2024
AureliusGaines County, TX464 BBLs358 MCFAug 2024
Big JakeGaines County, TX360 BBLs0 MCFAug 2024
Block A-34 UnitAndrews County, TX122 BBLs0 MCFAug 2024
CothesAndrews County, TX1,797 BBLs0 MCFAug 2024
CronusAndrews County, TX610 BBLs310 MCFAug 2024
HallAndrews County, TX223 BBLs0 MCFAug 2024
HarrisAndrews County, TX0 BBLs0 MCFJul 2021
Jet PilotAndrews County, TX805 BBLs0 MCFAug 2024
Jordan, AAndrews County, TX20 BBLs0 MCFAug 2024
Junior VarsityAndrews County, TX57 BBLs319 MCFAug 2024
PallasAndrews County, TX847 BBLs1,087 MCFAug 2024
PolluxAndrews County, TX1,245 BBLs620 MCFAug 2024
ScipioGaines County, TX433 BBLs237 MCFAug 2024
ShortesAndrews County, TX544 BBLs0 MCFAug 2024
SimpsonGaines County, TX0 BBLs0 MCFOct 2022
TheaAndrews County, TX325 BBLs997 MCFAug 2024
TyphonGaines County, TX333 BBLs323 MCFAug 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
2024FMH FOUNDATION OIL/GASTRUE GRIT 1HPARALLEL PETRO
2024ZPZ DELAWARE I LLCTRUE GRIT 1HPARALLEL PETRO
2024FMH FOUNDATION OIL/GASTRUE GRIT 1HPARALLEL PETRO
2024ZPZ DELAWARE I LLCTRUE 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