Lake

Oil & Gas Property in Jack County, TX

Property Summary

Key data points for Lake

CountyJack County, TX
OperatorBEST PETROLEUM EXPLORATIONS,INC.
Production DatesJan 2012 - Aug 2024
Total Oil Production121,519 BBLs
Total Gas Production535,111 MCF
Recent Oil Production306 BBLs in Jul 2024
Recent Gas Production310 MCF in Jul 2024
Wells on Property4

Our Valuation Estimates for Lake

ShaleAssessment

$5,391 *

MarketMultiple

$11,695 **

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

Based on a decimal interest

Lake Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Lake
from Jan 2012 to Aug 2024

Wells on Lake

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-237-39446LAKE 1BEST PETROLEUM EXPLORATIONS,INC.Shut InJack County, TX33.267938-98.359631
42-237-39529LAKE 2BEST PETROLEUM EXPLORATIONS,INC.ProducingJack County, TX33.267927-98.356620
42-237-39610LAKE 3BEST PETROLEUM EXPLORATIONS,INC.Temp AbandonedJack County, TX33.265222-98.359702
42-237-40518LAKE 4BEST PETROLEUM EXPLORATIONS,INC.ProducingJack County, TX33.262476-98.356094

Leases included in Lake

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
09-283796LAKE 3BEST PETROLEUM EXPLORATIONS,INC.Jack County, TX
09-32151LAKEBEST PETROLEUM EXPLORATIONS,INC.Jack County, TX
09-32190LAKEBEST PETROLEUM EXPLORATIONS,INC.Jack County, TX
09-33020LAKEBEST PETROLEUM EXPLORATIONS,INC.Jack County, TX
09-33876LAKEBEST PETROLEUM EXPLORATIONS,INC.Jack County, TX

Nearby Properties

These are the closest 20 properties to the Lake property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AllarJack County, TX25 BBLs1,118 MCFAug 2024
Allar Company AJack County, TX37 BBLs474 MCFAug 2024
Blair MaryJack County, TX0 BBLs74 MCFAug 2024
CarterJack County, TX12 BBLs0 MCFAug 2024
ClaytonJack County, TX23 BBLs345 MCFAug 2024
CozartJack County, TX2 BBLs1,520 MCFAug 2024
EasterJack County, TX176 BBLs2,174 MCFAug 2024
Flo-CoopJack County, TX95 BBLs0 MCFAug 2024
GrahamJack County, TX151 BBLs675 MCFAug 2024
J. R. Clayton Ranch (Caddo) UnitJack County, TX1 BBLs0 MCFAug 2024
Jones, LowellJack County, TX0 BBLs155 MCFAug 2024
KingJack County, TX77 BBLs137 MCFAug 2024
LovingJack County, TX28 BBLs0 MCFAug 2024
Loving J.W. EstateJack County, TX33 BBLs0 MCFAug 2024
RoneyJack County, TX121 BBLs442 MCFAug 2024
Sanders B. GJack County, TX60 BBLs0 MCFAug 2024
South EasterJack County, TX295 BBLs713 MCFAug 2024
SublettJack County, TX85 BBLs372 MCFAug 2024
WareJack County, TX55 BBLs508 MCFAug 2024
WiltonJack County, TX39 BBLs615 MCFAug 2024

Owners of Lake

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024BEST PETROLEUM EXP INCLAKE #2BEST PETROLEUM EXPL
2024BEST PETROLEUM EXP INCLAKE #4BEST PETROLEUM EXPL

Oil & Gas Sales on Lake

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
09-33876LAKEJul 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEJul 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEJul 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEJun 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEJun 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEMay 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEMay 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEMay 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEApr 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEMar 2024TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEMar 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEFeb 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEJan 2024COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEDec 2023TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEDec 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKENov 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEOct 2023TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEOct 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKESep 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-32151LAKEAug 2023TRANSOIL MARKETING, LLCBEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEAug 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEJul 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEJun 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEMay 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.
09-33876LAKEApr 2023COLT G & P (NORTH TEXAS) L.P.BEST PETROLEUM EXPLORATIONS, INC.