Cone

Oil & Gas Property in Gaines County, TX

Property Summary

Key data points for Cone

CountyGaines County, TX
OperatorPARALLEL PETROLEUM LLC
Production DatesJan 1993 - Nov 2024
Total Oil Production129,423 BBLs
Total Gas Production22,259 MCF
Recent Oil Production19 BBLs in Oct 2024
Recent Gas Production0 MCF in Oct 2024
Wells on Property3

Our Valuation Estimates for Cone

ShaleAssessment

$265 *

MarketMultiple

$718 **

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

Based on a decimal interest

Cone Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Cone
from Jan 1993 to Nov 2024

Wells on Cone

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-165-32408CONE 1PARALLEL PETROLEUM LLCShut InGaines County, TX32.553643-102.634336
42-165-33398CONE 2PARALLEL PETROLEUM LLCProducingGaines County, TX32.552789-102.637424
42-165-36656CONE 3PARALLEL PETROLEUM LLCShut InGaines County, TX32.551870-102.639836

Leases included in Cone

Lease #Lease NameOperatorCountyMonthly Oil Prod.
08-28377CONEPARALLEL PETROLEUM LLCGaines County, TX
8A-64402CONECAPROCK OIL & GAS, INC.Gaines County, TX

Nearby Properties

These are the closest 20 properties to the Cone property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AjaxGaines County, TX327 BBLs494 MCFNov 2024
ApolloGaines County, TX896 BBLs865 MCFNov 2024
Carm-Ann San Andres UnitGaines County, TX5,676 BBLs0 MCFNov 2024
Colgan St. AGaines County, TX314 BBLs0 MCFNov 2024
ElamGaines County, TX4,722 BBLs174 MCFNov 2024
Elam (Queen Sand) UnitGaines County, TX185 BBLs0 MCFOct 2024
Good BullGaines County, TX469 BBLs0 MCFNov 2024
MarsGaines County, TX0 BBLs0 MCFMar 2024
MayoGaines County, TX32 BBLs0 MCFNov 2024
McConal-ClarkGaines County, TX815 BBLs0 MCFNov 2024
MeropeGaines County, TX0 BBLs0 MCFApr 2019
Riders Of DestinyGaines County, TX440 BBLs0 MCFNov 2024
Russell L. BGaines County, TX234 BBLs0 MCFNov 2024
ScipioGaines County, TX330 BBLs1,179 MCFNov 2024
ShusaGaines County, TX5,144 BBLs9 MCFNov 2024
SimpsonGaines County, TX0 BBLs0 MCFOct 2022
Thompson BGaines County, TX1,730 BBLs0 MCFNov 2024
TiberiusGaines County, TX458 BBLs579 MCFNov 2024
TyphonGaines County, TX283 BBLs358 MCFNov 2024
WinklesGaines County, TX381 BBLs0 MCFNov 2024

Owners of Cone

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024PARALLEL PETROLEUM LLCCONEPARALLEL PETRO
2024MABEE J E & L E FOUNDATION INCCONEPARALLEL PETRO
2024WILLIAMS TRUST FBO MMPCONEPARALLEL PETRO

Oil & Gas Sales on Cone

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-28377CONEDec 2023PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEOct 2022PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEMar 2020PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEApr 2018PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJan 2017PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEFeb 2016PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONESep 2015PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJul 2015PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEMar 2015PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONENov 2014PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJul 2014PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEFeb 2014PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEDec 2013PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEAug 2013PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJan 2013PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEOct 2012PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJun 2012PHILLIPS 66 COMPANYPARALLEL PETROLEUM LLC
08-28377CONEMar 2012CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEDec 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEOct 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEAug 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEMay 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEFeb 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONEJan 2011CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC
08-28377CONENov 2010CONOCOPHILLIPS COMPANYPARALLEL PETROLEUM LLC