Grace Unit

Oil & Gas Property in Fayette County, TX

Property Summary

Key data points for Grace Unit

CountyFayette County, TX
Production DatesJan 1993 - Jan 2025
Total Oil Production13,044 BBLs
Total Gas Production806,682 MCF
Recent Oil Production0 BBLs in Dec 2024
Recent Gas Production133 MCF in Dec 2024
Wells on Property1

Our Valuation Estimates for Grace Unit

ShaleAssessment

$1,624 *

MarketMultiple

$874 **

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

Based on a decimal interest

Grace Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Grace Unit
from Jan 1993 to Jan 2025

Wells on Grace Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-149-31985GRACE UNIT 1REMAGNOLIA OIL & GAS OPERATING LLCProducingFayette County, TX30.092547-96.698517

Leases included in Grace Unit

Lease #Lease NameOperatorCountyMonthly Gas Prod.
03-118945GRACE UNIT 1RERME PETROLEUM COMPANYFayette County, TX
03-24200GRACE UNITENERVEST OPERATING, L.L.C.Fayette County, TX
03-284268GRACE UNIT 1REMAGNOLIA OIL & GAS OPERATING LLCFayette County, TX

Nearby Properties

These are the closest 20 properties to the Grace Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BrangusFayette County, TX53 BBLs362 MCFDec 2024
BrittaFayette County, TX57 BBLs2,397 MCFJan 2025
Church CharlesFayette County, TX28 BBLs844 MCFJan 2025
Froese UnitFayette County, TX0 BBLs44 MCFJan 2025
FuchsFayette County, TX1,254 BBLs5,173 MCFJan 2025
G&W UnitFayette County, TX0 BBLs0 MCFSep 2004
HeatherFayette County, TX1 BBLs0 MCFDec 2024
JasperFayette County, TX38 BBLs667 MCFJan 2025
KrauseFayette County, TX18 BBLs966 MCFJan 2025
KristinaFayette County, TX4 BBLs1,553 MCFJan 2025
Lapis UnitFayette County, TX0 BBLs0 MCFSep 2024
LevienFayette County, TX0 BBLs639 MCFJan 2025
MattinglyFayette County, TX0 BBLs82 MCFDec 2024
Rio Lobo UnitFayette County, TX50 BBLs4,900 MCFJan 2025
RWR UnitFayette County, TX1 BBLs0 MCFJan 2025
SchmidtFayette County, TX1 BBLs239 MCFJan 2025
SchuhmacherFayette County, TX0 BBLs0 MCFNov 2024
WagnerFayette County, TX3 BBLs171 MCFJan 2025
Weigelt 1Fayette County, TX117 BBLs9,842 MCFJan 2025
Zuehlke UnitFayette County, TX0 BBLs446 MCFJan 2025

Owners of Grace Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024MAGNOLIA OIL & GAS OPERATINGGRACE UNIT 1REMAGNOLIA OIL & GAS

Oil & Gas Sales on Grace Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
03-284268GRACE UNIT 1RESep 2024MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REAug 2024MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REJul 2024MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REJun 2024MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REMay 2024MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REApr 2024MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REMar 2024MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REFeb 2024MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REJan 2024MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REDec 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1RENov 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REOct 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1RESep 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REAug 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REJul 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REJun 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REMay 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REApr 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REMar 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REFeb 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REJan 2023MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REDec 2022MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1RENov 2022MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1REOct 2022MAGNOLIA OIL & GAS OPERATING LLC
03-284268GRACE UNIT 1RESep 2022MAGNOLIA OIL & GAS OPERATING LLC