Gibbs Unit

Oil & Gas Property in Hood County, TX

Property Summary

Key data points for Gibbs Unit

CountyHood County, TX
Production DatesJul 2005 - Jan 2025
Total Oil Production5,254 BBLs
Total Gas Production5,688,091 MCF
Recent Oil Production0 BBLs in Dec 2024
Recent Gas Production14,348 MCF in Dec 2024
Wells on Property5

Our Valuation Estimates for Gibbs Unit

ShaleAssessment

$58,574 *

MarketMultiple

$39,011 **

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

Based on a decimal interest

Gibbs Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Gibbs Unit
from Jul 2005 to Jan 2025

Wells on Gibbs Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-221-31009GIBBS UNIT 2HDIVERSIFIED PRODUCTION LLCProducingHood County, TX32.351879-97.654185
42-221-31010GIBBS UNIT 1HDIVERSIFIED PRODUCTION LLCProducingHood County, TX32.351859-97.653933
42-221-31600GIBBS UNIT 3HDIVERSIFIED PRODUCTION LLCProducingHood County, TX32.351820-97.653827
42-221-31601GIBBS UNIT 4HDIVERSIFIED PRODUCTION LLCProducingHood County, TX32.351778-97.653828
42-221-31656GIBBS UNIT 5HQUICKSILVER RESOURCES INC.Horizontal Well Surface LocatioHood County, TX32.351737-97.653828

Leases included in Gibbs Unit

Lease #Lease NameOperatorCountyMonthly Gas Prod.
09-211591GIBBS UNIT 2HDIVERSIFIED PRODUCTION LLCHood County, TX
09-212018GIBBS UNIT 1HDIVERSIFIED PRODUCTION LLCHood County, TX
09-240657GIBBS UNIT 4HDIVERSIFIED PRODUCTION LLCHood County, TX
09-241330GIBBS UNIT 3HDIVERSIFIED PRODUCTION LLCHood County, TX

Operators Associated With Gibbs Unit

Nearby Properties

These are the closest 20 properties to the Gibbs Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bob DenverHood County, TX4 BBLs4,955 MCFJan 2025
Brown Hill UnitHood County, TX12 BBLs9,114 MCFJan 2025
Campos UnitHood County, TX0 BBLs33,585 MCFJan 2025
Colonel Flagg UnitHood County, TX17 BBLs14,006 MCFJan 2025
Denver Bob UnitHood County, TX2 BBLs7,569 MCFJan 2025
Gilligan UnitHood County, TX0 BBLs13,177 MCFJan 2025
Hawkeye UnitHood County, TX6 BBLs6,104 MCFJan 2025
Hot Lips UnitHood County, TX28 BBLs16,054 MCFJan 2025
James B. Mooney Unit 2HJohnson County, TX0 BBLs11,873 MCFJan 2025
Ladd UnitHood County, TX0 BBLs12,854 MCFJan 2025
Major Burns UnitHood County, TX0 BBLs3,673 MCFJan 2025
Mary AnnHood County, TX162 BBLs12,883 MCFJan 2025
Mooney UnitHood County, TX0 BBLs19,801 MCFJan 2025
PallmeyerHood County, TX714 BBLs28,997 MCFJan 2025
Parker UnitHood County, TX0 BBLs19,371 MCFJan 2025
ProfessorHood County, TX0 BBLs8,461 MCFJan 2025
RadarHood County, TX0 BBLs10,722 MCFJan 2025
San Raphael UnitHood County, TX84 BBLs20,662 MCFJan 2025
Trapper JohnHood County, TX12 BBLs13,834 MCFJan 2025
Zbar Land & Cattle CoHood County, TX14 BBLs8,322 MCFJan 2025

Owners of Gibbs Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024DIVERSIFIED PRODUCTION LLCGIBBS UNIT 3HDIVERSIFIED PROD LLC
2024DIVERSIFIED PRODUCTION LLCGIBBS UNIT 2HDIVERSIFIED PROD LLC
2024DIVERSIFIED PRODUCTION LLCGIBBS UNIT 4HDIVERSIFIED PROD LLC
2024GIBBS DOROTHY PINSONGIBBS UNIT 3HDIVERSIFIED PROD LLC
2024GIBBS DOROTHY PINSONGIBBS UNIT 4HDIVERSIFIED PROD LLC
2024GIBBS DOROTHY PINSONGIBBS UNIT 2HDIVERSIFIED PROD LLC
2024DIVERSIFIED PRODUCTION LLCGIBBS UNIT 1HDIVERSIFIED PROD LLC
2024LEONARD O P JR INVESTMENT COGIBBS UNIT 3HDIVERSIFIED PROD LLC
Displaying 8 of 171 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Gibbs Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
09-240657GIBBS UNIT 4HAug 2024DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HAug 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HAug 2024DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HAug 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HJul 2024DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HJul 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HJul 2024DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HJul 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HJun 2024DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HJun 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HJun 2024DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HJun 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HMay 2024DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HMay 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HMay 2024DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HMay 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HApr 2024DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HApr 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HApr 2024DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HApr 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HMar 2024DIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HMar 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HMar 2024DIVERSIFIED PRODUCTION LLC
09-241330GIBBS UNIT 3HMar 2024DIVERSIFIED PRODUCTION LLCDIVERSIFIED PRODUCTION LLC
09-240657GIBBS UNIT 4HFeb 2024DIVERSIFIED PRODUCTION LLC