State

Oil & Gas Property in Gaines County, TX

Property Summary

Key data points for State

CountyGaines County, TX
OperatorRICHLAND RESOURCES CORPORATION
Production DatesJan 1993 - Jan 2025
Total Oil Production1 BBLs
Total Gas Production252,255 MCF
Recent Oil Production0 BBLs in Dec 2024
Recent Gas Production84 MCF in Dec 2024
Wells on Property3

Our Valuation Estimates for State

ShaleAssessment

$518 *

MarketMultiple

$114 **

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

Based on a decimal interest

State Production Graph

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

Wells on State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-165-31299STATE 1RICHLAND RESOURCES CORPORATIONProducingGaines County, TX32.778289-102.495267
42-165-31300STATE 1-AMID-AMERICA PETROLEUM, INC.Canceled LocationGaines County, TX32.778457-102.495973
42-165-31335STATE 2MID-AMERICA PETROLEUM, INC.Canceled LocationGaines County, TX32.781523-102.495925

Leases included in State

Lease #Lease NameOperatorCountyMonthly Gas Prod.
8A-076295STATE 1RICHLAND RESOURCES CORPORATIONGaines County, TX

Nearby Properties

These are the closest 20 properties to the State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BeckhamGaines County, TX553 BBLs0 MCFJan 2025
Braddock JohnGaines County, TX321 BBLs0 MCFJan 2025
Buck WalterGaines County, TX0 BBLs55 MCFJan 2025
CornettGaines County, TX794 BBLs81 MCFDec 2024
Cunningham DGaines County, TX0 BBLs188 MCFJan 2025
G-M-K /San Andres/ UnitGaines County, TX178 BBLs42 MCFJan 2025
G-M-K West UnitGaines County, TX1,026 BBLs245 MCFJan 2025
GrangerGaines County, TX268 BBLs18 MCFJan 2025
H & J SecGaines County, TX1,650 BBLs0 MCFJan 2025
Hannah KateGaines County, TX818 BBLs0 MCFJan 2025
HomannGaines County, TX46 BBLs1,511 MCFJan 2025
Homann San Andres UnitGaines County, TX1,480 BBLs0 MCFJan 2025
JamesonGaines County, TX716 BBLs0 MCFJan 2025
May TomGaines County, TX3,083 BBLs181 MCFJan 2025
NorthrupGaines County, TX246 BBLs65 MCFJan 2025
RileyGaines County, TX0 BBLs573 MCFJan 2025
RileyGaines County, TX0 BBLs1,063 MCFJan 2025
Riley T. S. EstaGaines County, TX116 BBLs0 MCFDec 2024
Sheridan 96Gaines County, TX25 BBLs0 MCFJan 2025
ShermanGaines County, TX297 BBLs0 MCFJan 2025

Owners of State

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024RICHLAND RESOURCES CORPORATIONSTATE #1RICHLAND RESOU

Oil & Gas Sales on State

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
8A-076295STATE 1Oct 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jul 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jun 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Apr 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Mar 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Feb 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jan 2024KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Dec 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Nov 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Oct 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Sep 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Aug 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jul 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jun 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1May 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Apr 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Mar 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Feb 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jan 2023KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Dec 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Nov 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Oct 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Sep 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Aug 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION
8A-076295STATE 1Jul 2022KEYSTONE GAS GATHERING & MARKETING, L.L.C.RICHLAND RESOURCES CORPORATION