Forbes

Oil & Gas Property in Gaines County, TX

  2. Texas
  3. Gaines County, TX
  4. Oil & Gas Properties in Gaines County, TX
  5. Forbes Oil & Gas Property

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Property Summary

Key data points for Forbes

CountyGaines County, TX
Production DatesAug 2000 - Sep 2024
Total Oil Production223,651 BBLs
Total Gas Production18,751 MCF
Recent Oil Production155 BBLs in Aug 2024
Recent Gas Production0 MCF in Aug 2024
Wells on Property4

Our Valuation Estimates for Forbes

ShaleAssessment™

$12,250 *

MarketMultiple™

$21,333 **

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

Based on a decimal interest

Forbes Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Forbes
from Aug 2000 to Sep 2024

Wells on Forbes

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-165-31682FORBES, THOMAS 1GALAXY OIL COMPANYDry HoleGaines County, TX32.656820-102.370690
42-165-35528FORBES 1MAVERICK OPERATING, LLCProducingGaines County, TX32.654312-102.354578
42-165-35534FORBES 17 1MAVERICK OPERATING, LLCProducingGaines County, TX32.654705-102.376271
42-165-35538FORBES 2YOUNG, MARSHALL R., OIL CO.Plugged Oil WellGaines County, TX32.654936-102.350697

Leases included in Forbes

Lease #Lease NameOperatorCountyMonthly Oil Prod.
8A-68218FORBESMAVERICK OPERATING, LLCGaines County, TX
8A-68221FORBES 17MAVERICK OPERATING, LLCGaines County, TX

Operators Associated With Forbes

Nearby Properties

These are the closest 15 properties to the Forbes property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BirgeGaines County, TX171 BBLs0 MCFSep 2024
BirgeGaines County, TX172 BBLs0 MCFSep 2024
BrooksGaines County, TX140 BBLs0 MCFSep 2024
Brunson StantonGaines County, TX640 BBLs0 MCFSep 2024
EdwardsGaines County, TX99 BBLs0 MCFSep 2024
Exxon-Atlantic H & JGaines County, TX527 BBLs145 MCFSep 2024
GieseckeGaines County, TX802 BBLs0 MCFSep 2024
HardbergerGaines County, TX821 BBLs0 MCFAug 2024
McGuireGaines County, TX374 BBLs0 MCFSep 2024
R. WhitakerGaines County, TX461 BBLs0 MCFSep 2024
Reagan CSL 297-20Gaines County, TX574 BBLs8 MCFSep 2024
Samedan-McGuireGaines County, TX0 BBLs0 MCFFeb 2002
TerrellGaines County, TX1,813 BBLs0 MCFSep 2024
Terry County School LandGaines County, TX1,310 BBLs0 MCFSep 2024
WarrenGaines County, TX187 BBLs0 MCFSep 2024

Companies in the Area

These are the closest 20 companies operating near the Forbes property.

Company Name
Amerada Hess Corporation
Bristol Resources Corporation
Citation Oil & Gas Corp.
Contango Resources LLC
Crosstex Services, L.L.C.
Eagle Capital Partners, LLC
Encore Operating LP
Enr Operating, LLC
Exxon Corporation
Flat Top Operating, LLC
Grace Petroleum Operating, LLC
Home-Stake Oil & Gas Company
Kerr-McGee Corporation
Maverick Operating, LLC
Platinum Exploration Inc.
Snow Oil & Gas Inc.
Tamarack Petroleum Company, Inc.
Tepee Petroleum Company, Inc.
Utoco, LTD.
Young, Marshall R., Oil Co.

Owners of Forbes

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024MAVERICK OPERATING LLCFORBES W#1MAVERICK OPERA
2024KIMBELL ROYALTY HOLDINGS LLC-FWFORBES W#1MAVERICK OPERA
2024BRACE THOMAS ALANFORBES W#1MAVERICK OPERA
2024SOFTVEST LPFORBES W#1MAVERICK OPERA
2024SOFTSEARCH INVESTMENT LPFORBES W#1MAVERICK OPERA
2024SOFTVEST MANAGEMENT LPFORBES W#1MAVERICK OPERA
2024MAVERICK OPERATING LLCFORBES -17MAVERICK OPERA
2024SLICK TOM MEM TR-SW FDN BIOMEDFORBES W#1MAVERICK OPERA
Displaying 8 of 58 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Forbes

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
8A-68218FORBESAug 2024PHILLIPS 66 COMPANY
8A-68218FORBESJul 2024PHILLIPS 66 COMPANY
8A-68218FORBESJun 2024PHILLIPS 66 COMPANY
8A-68218FORBESMay 2024PHILLIPS 66 COMPANY
8A-68218FORBESApr 2024PHILLIPS 66 COMPANY
8A-68218FORBESMar 2024PHILLIPS 66 COMPANY
8A-68218FORBESFeb 2024PHILLIPS 66 COMPANY
8A-68218FORBESJan 2024PHILLIPS 66 COMPANY
8A-68218FORBESDec 2023PHILLIPS 66 COMPANY
8A-68218FORBESNov 2023PHILLIPS 66 COMPANY
8A-68218FORBESOct 2023PHILLIPS 66 COMPANY
8A-68218FORBESSep 2023PHILLIPS 66 COMPANY
8A-68218FORBESAug 2023PHILLIPS 66 COMPANY
8A-68218FORBESJul 2023PHILLIPS 66 COMPANY
8A-68218FORBESJun 2023PHILLIPS 66 COMPANY
8A-68218FORBESMay 2023PHILLIPS 66 COMPANY
8A-68218FORBESApr 2023PHILLIPS 66 COMPANY
8A-68218FORBESMar 2023PHILLIPS 66 COMPANY
8A-68218FORBESJan 2023PHILLIPS 66 COMPANY
8A-68218FORBESDec 2022PHILLIPS 66 COMPANY
8A-68221FORBES 17Nov 2022PHILLIPS 66 COMPANY
8A-68218FORBESNov 2022PHILLIPS 66 COMPANY
8A-68218FORBESOct 2022PHILLIPS 66 COMPANY
8A-68218FORBESSep 2022PHILLIPS 66 COMPANY
8A-68218FORBESAug 2022PHILLIPS 66 COMPANY