Cone

Oil & Gas Property in Gaines County, TX

Property Summary

Key data points for Cone

CountyGaines County, TX
OperatorPARALLEL PETROLEUM LLC
Production DatesJan 1993 - Aug 2024
Total Oil Production129,399 BBLs
Total Gas Production22,259 MCF
Recent Oil Production1 BBLs in Jul 2024
Recent Gas Production0 MCF in Jul 2024
Wells on Property3

Our Valuation Estimates for Cone

ShaleAssessment

$277 *

MarketMultiple

$721 **

* 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 Aug 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
ApolloGaines County, TX548 BBLs503 MCFAug 2024
AureliusGaines County, TX464 BBLs358 MCFAug 2024
Carm-Ann San Andres UnitGaines County, TX5,032 BBLs0 MCFAug 2024
Colgan St. AGaines County, TX449 BBLs0 MCFAug 2024
ElamGaines County, TX4,260 BBLs217 MCFAug 2024
Elam (Queen Sand) UnitGaines County, TX0 BBLs0 MCFAug 2024
Good BullGaines County, TX517 BBLs0 MCFAug 2024
HarrisAndrews County, TX0 BBLs0 MCFJul 2021
MarsGaines County, TX0 BBLs0 MCFMar 2024
MayoGaines County, TX24 BBLs0 MCFAug 2024
McConal-ClarkGaines County, TX503 BBLs0 MCFAug 2024
MeropeGaines County, TX0 BBLs0 MCFApr 2019
Russell L. BGaines County, TX285 BBLs0 MCFAug 2024
ScipioGaines County, TX433 BBLs237 MCFAug 2024
ShusaGaines County, TX5,541 BBLs657 MCFAug 2024
SimpsonGaines County, TX0 BBLs0 MCFOct 2022
Thompson BGaines County, TX1,403 BBLs0 MCFAug 2024
TiberiusGaines County, TX351 BBLs569 MCFAug 2024
TyphonGaines County, TX333 BBLs323 MCFAug 2024
WinklesGaines County, TX345 BBLs0 MCFAug 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