Chancellor Unit No. 1

Oil & Gas Property in Freestone County, TX

  2. Texas
  3. Freestone County, TX
  4. Oil & Gas Properties in Freestone County, TX
  5. Chancellor Unit No. 1 Oil & Gas Property

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Property Summary

Key data points for Chancellor Unit No. 1

CountyFreestone County, TX
OperatorVALENCE OPERATING COMPANY
Production DatesJan 1993 - Jan 2025
Total Oil Production27,686 BBLs
Total Gas Production2,720,237 MCF
Recent Oil Production7 BBLs in Dec 2024
Recent Gas Production3,069 MCF in Dec 2024
Wells on Property2

Our Valuation Estimates for Chancellor Unit No. 1

ShaleAssessment™

$11,215 *

MarketMultiple™

$9,058 **

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

Based on a decimal interest

Chancellor Unit No. 1 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Chancellor Unit No. 1
from Jan 1993 to Jan 2025

Wells on Chancellor Unit No. 1

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-161-20034CHANCELLOR UNIT NO. 1 1VALENCE OPERATING COMPANYProducingFreestone County, TX31.698822-96.240222
42-161-33990CHANCELLOR UNIT NO. 1 3VALENCE OPERATING COMPANYProducingFreestone County, TX31.705089-96.242569

Leases included in Chancellor Unit No. 1

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
05-046104CHANCELLOR UNIT NO. 1 1PENNZOIL PRODUCING CO.Freestone County, TX
05-049823CHANCELLOR UNIT NO. 1 1VALENCE OPERATING COMPANYFreestone County, TX
05-242964CHANCELLOR UNIT NO. 1 3VALENCE OPERATING COMPANYFreestone County, TX
05-243043CHANCELLOR UNIT NO. 1 3VALENCE OPERATING COMPANYFreestone County, TX

Nearby Properties

These are the closest 20 properties to the Chancellor Unit No. 1 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Booth Gas UnitFreestone County, TX0 BBLs2,449 MCFJan 2025
BoydFreestone County, TX35 BBLs15,614 MCFJan 2025
C. N. WillifordFreestone County, TX3 BBLs5,828 MCFJan 2025
ColemanFreestone County, TX0 BBLs318 MCFJan 2025
Day W. H. Etal Gas Unit #1Freestone County, TX5 BBLs22,412 MCFJan 2025
Driver 1Freestone County, TX0 BBLs2,092 MCFJan 2025
DuboseFreestone County, TX17 BBLs241 MCFJan 2025
Hale UnitFreestone County, TX9 BBLs4,864 MCFJan 2025
Hullum Heirs Gas UnitFreestone County, TX0 BBLs2,020 MCFJan 2025
MartinFreestone County, TX70 BBLs2,145 MCFJan 2025
McMichaelFreestone County, TX1 BBLs9,109 MCFJan 2025
Middleton RFreestone County, TX4 BBLs3,403 MCFJan 2025
Mitchell J. WFreestone County, TX53 BBLs7,009 MCFJan 2025
Northen Gas UnitFreestone County, TX27 BBLs18,047 MCFJan 2025
Reed Gu #4Freestone County, TX1 BBLs5,454 MCFJan 2025
Ruby Middleton GFreestone County, TX3 BBLs3,295 MCFJan 2025
Sneed Gas UnitFreestone County, TX0 BBLs0 MCFSep 2009
White Gas UnitFreestone County, TX0 BBLs13 MCFJan 2025
WillifordFreestone County, TX0 BBLs1,473 MCFJan 2025
WillifordFreestone County, TX7 BBLs16,898 MCFJan 2025

Companies in the Area

These are the closest 20 companies operating near the Chancellor Unit No. 1 property.

Company Name
Anadarko Petroleum Corporation
Apache Corporation
Brown, George R. Partnership,The
Corsa Resources, LLC
Diversified Production LLC
El Paso Production Company
Enron Oil & Gas Company
Estate Oil & Gas Corp.
Hilcorp Energy Company
Hunt Petroleum Corporation
Kaiser-Francis Oil Company
London Petroleum Corporation
Redman Operating Company
Reserve Management, Inc.
Roach, R. Byron Trustee
Samedan Oil Corporation
Sonat Exploration Company -Tyler
Stroud Petroleum, Inc.
Valence Operating Company
XTO Energy Inc.

Owners of Chancellor Unit No. 1

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024VALENCE OPERATING CO (MIN)CHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024VALENCE OPERATING CO (MIN)CHANCELLOR W F (01)VALENCE OPER CO
2024UNION OIL CO OF CALIFORNIACHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024TERRY NORMA JEANCHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024LONEJACK II LLCCHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024WILLIFORD GRAHAM D ESTATECHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024COOPER DEWELL J IIICHANCELLOR UNIT 1 (03)VALENCE OPER CO
2024RL FASH LTDCHANCELLOR UNIT 1 (03)VALENCE OPER CO
Displaying 8 of 93 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Chancellor Unit No. 1

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
05-049823CHANCELLOR UNIT NO. 1 1Sep 2024PLAINS MARKETING, L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Apr 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Apr 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Apr 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Apr 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Mar 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Mar 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Mar 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Mar 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Feb 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Feb 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Feb 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Feb 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Jan 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Jan 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Jan 2024ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Jan 2024VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Dec 2023VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2023VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2023ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Dec 2023PLAINS MARKETING, L.P.VALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Dec 2023ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Nov 2023ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY
05-049823CHANCELLOR UNIT NO. 1 1Nov 2023VALENCE OPERATING COMPANYVALENCE OPERATING COMPANY
05-242964CHANCELLOR UNIT NO. 1 3Nov 2023ENBRIDGE PIPELINES (EAST TEXAS) L.P.VALENCE OPERATING COMPANY