Southern States

Oil & Gas Property in Bee County, TX

  2. Texas
  3. Bee County, TX
  4. Oil & Gas Properties in Bee County, TX
  5. Southern States Oil & Gas Property

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Property Summary

Key data points for Southern States

CountyBee County, TX
Production DatesMar 2013 - Jul 2024
Total Oil Production36,184 BBLs
Total Gas Production485,482 MCF
Recent Oil Production63 BBLs in Jul 2024
Recent Gas Production0 MCF in Jul 2024
Wells on Property4

Our Valuation Estimates for Southern States

ShaleAssessment™

$3,021 *

MarketMultiple™

$12,317 **

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

Based on a decimal interest

Southern States Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Southern States
from Mar 2013 to Jul 2024

Wells on Southern States

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-025-33796SOUTHERN STATES 1PALEO OIL COMPANY LLCTemp AbandonedBee County, TX28.317247-97.815636
42-025-33882SOUTHERN STATES 2WELDER EXPLORATION & PROD., INC.Dry HoleBee County, TX28.316535-97.812816
42-025-33895SOUTHERN STATES 2RPALEO OIL COMPANY LLCProducingBee County, TX28.316802-97.812818
42-025-33920SOUTHERN STATES 3WELDER EXPLORATION & PROD., INC.Dry HoleBee County, TX28.315835-97.819444

Leases included in Southern States

Lease #Lease NameOperatorCountyMonthly Oil Prod.
02-10806SOUTHERN STATESPALEO OIL COMPANY LLCBee County, TX
02-265526SOUTHERN STATES 1PALEO OIL COMPANY LLCBee County, TX

Operators Associated With Southern States

Nearby Properties

These are the closest 15 properties to the Southern States property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BeasleyBee County, TX0 BBLs2,034 MCFAug 2024
CarpenterBee County, TX0 BBLs0 MCFJul 2021
Coffin FarmsBee County, TX15 BBLs0 MCFJul 2024
Davis Nona BBee County, TX3,015 BBLs966 MCFAug 2024
DoubravaBee County, TX0 BBLs0 MCFAug 2016
EdlerBee County, TX71 BBLs17,275 MCFAug 2024
EvansBee County, TX0 BBLs50 MCFAug 2024
Graham George M. JrLive Oak County, TX59 BBLs0 MCFAug 2024
Hancock D.WBee County, TX47 BBLs0 MCFAug 2024
JonesLive Oak County, TX42 BBLs0 MCFAug 2024
KrauseBee County, TX0 BBLs6,256 MCFJul 2024
OneilBee County, TX56 BBLs671 MCFJul 2024
Riggle-WendtlandBee County, TX0 BBLs0 MCFFeb 2017
SpiekermanBee County, TX0 BBLs0 MCFJun 2024
SugarekBee County, TX7 BBLs1 MCFAug 2024

Companies in the Area

These are the closest 20 companies operating near the Southern States property.

Company Name
2 D Oil & Gas LLC
Blue Wing Energy, Inc.
Carburante Exploration Co, LTD.
Chandler Oil & Gas, LLC
Costilla Petroleum Corporation
Dewbre Petroleum Corporation
Enpower Resources Inc.
Esenjay Petroleum Corp.
Headwaters Energy Partners, LLC
J-W Operating Company
Laroca Resources, LTD
New Horizon Investments LTD.
Paleo Oil Company LLC
Redhorn Resources, LLC
Southern Royalty Inc.
Sun Exploration, Inc.
Talbott, Stan C.
Texas Fuel Company
Welder Exploration & Prod., Inc.
Welderxp LTD.

Owners of Southern States

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024PALEO OIL COMPANY LLCSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2024MEIDER W C AND BEVERLY MAYSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2024SMITH BARBARA J TRUSTSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2024HIBBITTS REVOCABLE LIVING TRSTSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2024MONARCH FAMILY HOLDINGS LLCSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2024WELDER RESERVE FUND 1SOUTHERN STATES W#2RPALEO OIL COMPANY LL
2024TAFT ROYALTY COMPANY LLCSOUTHERN STATES W#2RPALEO OIL COMPANY LL
2024GRAYSON MATTHEWSOUTHERN STATES W#2RPALEO OIL COMPANY LL

Oil & Gas Sales on Southern States

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
02-10806SOUTHERN STATESJul 2024GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESMay 2024GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESJan 2024GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESNov 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESSep 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESAug 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESJul 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESMay 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESApr 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESMar 2023GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESDec 2022GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESOct 2022GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESSep 2022GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESAug 2022GULFMARK ENERGY, INC.PALEO OIL COMPANY LLC
02-10806SOUTHERN STATESMay 2022GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESJan 2022GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESDec 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESOct 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-265526SOUTHERN STATES 1Oct 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESJul 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESMay 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESMar 2021GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESOct 2020GENESIS CRUDE OIL, L.P.WELDERXP LTD.
02-10806SOUTHERN STATESJul 2020SUNRAY MARKETING, LLCWELDERXP LTD.
02-10806SOUTHERN STATESJun 2020SUNRAY MARKETING, LLCWELDERXP LTD.