West Richards Unit 1H

Oil & Gas Property in Grimes County, TX

  2. Texas
  3. Grimes County, TX
  4. Oil & Gas Properties in Grimes County, TX
  5. West Richards Unit 1H Oil & Gas Property

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Property Summary

Key data points for West Richards Unit 1H

CountyGrimes County, TX
OperatorMAGNOLIA OIL & GAS OPERATING LLC
Production DatesNov 2007 - Aug 2024
Total Oil Production238 BBLs
Total Gas Production6,433,681 MCF
Recent Oil Production0 BBLs in Jul 2024
Recent Gas Production10,792 MCF in Jul 2024
Wells on Property1

Our Valuation Estimates for West Richards Unit 1H

ShaleAssessment™

$32,165 *

MarketMultiple™

$25,644 **

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

Based on a decimal interest

West Richards Unit 1H Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for West Richards Unit 1H
from Nov 2007 to Aug 2024

Wells on West Richards Unit 1H

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-185-30720WEST RICHARDS UNIT 1HMAGNOLIA OIL & GAS OPERATING LLCProducingGrimes County, TX30.543914-95.852355

Leases included in West Richards Unit 1H

Lease #Lease NameOperatorCountyMonthly Gas Prod.
03-242512WEST RICHARDS UNIT 1HMAGNOLIA OIL & GAS OPERATING LLCGrimes County, TX

Nearby Properties

These are the closest 14 properties to the West Richards Unit 1H property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
ApoloniaGrimes County, TX0 BBLs366 MCFAug 2024
BroncoGrimes County, TX0 BBLs4,643 MCFAug 2024
Champion 1Grimes County, TX0 BBLs0 MCFFeb 2024
HaynieGrimes County, TX0 BBLs14,520 MCFAug 2024
HeymanGrimes County, TX0 BBLs525 MCFAug 2024
Jet UnitGrimes County, TX0 BBLs3,213 MCFAug 2024
KeislerGrimes County, TX0 BBLs8,772 MCFAug 2024
Longstreet Unit 1HMontgomery County, TX0 BBLs15,983 MCFAug 2024
MarlinGrimes County, TX0 BBLs4,736 MCFAug 2024
RangerGrimes County, TX0 BBLs4,377 MCFAug 2024
RocketGrimes County, TX0 BBLs4,263 MCFAug 2024
ThomasGrimes County, TX0 BBLs2,010 MCFAug 2024
VictoryGrimes County, TX0 BBLs5,499 MCFAug 2024
WranglerGrimes County, TX0 BBLs4,694 MCFAug 2024

Companies in the Area

These are the closest 8 companies operating near the West Richards Unit 1H property.

Company Name
Akg Operating Company
Arco Oil & Gas Company
Chesapeake Operating, Inc.
Magnolia Oil & Gas Operating LLC
Marathon Oil Company
One World Operating, LLC
Seneca Resources Corporation
Stroud Oil Properties, Inc.

Owners of West Richards Unit 1H

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024MAGNOLIA OIL & GAS OPERATING LLCWEST RICHARDS UNIT #1HMAGNOLIA OIL &
2024SMITH, BETTY HWEST RICHARDS UNIT #1HMAGNOLIA OIL &
2024DEARING, MIKE & PAMWEST RICHARDS UNIT #1HMAGNOLIA OIL &
2024LOFLAND, JACKIE SMITHWEST RICHARDS UNIT #1HMAGNOLIA OIL &
2024SHOEMAKER, BRYAN & MELODYWEST RICHARDS UNIT #1HMAGNOLIA OIL &
2024RIPKOWSKI, FRED J & MARYWEST RICHARDS UNIT #1HMAGNOLIA OIL &
2024KAIN JOYCE ANN HENDERSONWEST RICHARDS UNIT #1HMAGNOLIA OIL &
2024SMITH, JOHN ROBERTWEST RICHARDS UNIT #1HMAGNOLIA OIL &
Displaying 8 of 52 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on West Richards Unit 1H

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
03-242512WEST RICHARDS UNIT 1HJul 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HJul 2024MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HJun 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HJun 2024MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HMay 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HMay 2024MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HApr 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HApr 2024MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HMar 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HMar 2024MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HFeb 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HFeb 2024MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HJan 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HJan 2024MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HDec 2023MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HDec 2023MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HNov 2023MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HNov 2023MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HOct 2023MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HOct 2023MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HSep 2023MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HSep 2023MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HAug 2023MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HAug 2023MAGNOLIA OIL & GAS OPERATING LLC
03-242512WEST RICHARDS UNIT 1HJul 2023MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC