Gerdes Development Co

Oil & Gas Property in Lee County, TX

  2. Texas
  3. Lee County, TX
  4. Oil & Gas Properties in Lee County, TX
  5. Gerdes Development Co Oil & Gas Property

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Property Summary

Key data points for Gerdes Development Co

CountyLee County, TX
OperatorERNEST OPERATING COMPANY
Production DatesJan 1993 - Aug 2024
Total Oil Production70,307 BBLs
Total Gas Production93,718 MCF
Recent Oil Production95 BBLs in Jul 2024
Recent Gas Production102 MCF in Jul 2024
Wells on Property4

Our Valuation Estimates for Gerdes Development Co

ShaleAssessment™

$2,927 *

MarketMultiple™

$15,210 **

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

Based on a decimal interest

Gerdes Development Co Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Gerdes Development Co
from Jan 1993 to Aug 2024

Wells on Gerdes Development Co

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-287-30066GERDES DEVELOPMENT CO. INC. 1ERNEST OPERATING COMPANYProducingLee County, TX30.526298-96.924658
42-287-30207GERDES DEVELOPMENT CO. INC. 2ERNEST OPERATING COMPANYProducingLee County, TX30.525239-96.928245
42-287-30285GERDES DEVELOPMENT CO. INC. 3ERNEST OPERATING COMPANYProducingLee County, TX30.529299-96.927256
42-287-32501GERDES DEVELOPMENT CO. 4ERNEST OPERATING COMPANYProducingLee County, TX30.528121-96.930262

Leases included in Gerdes Development Co

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
03-11427GERDES DEVELOPMENT CO., INC.ERNEST OPERATING COMPANYLee County, TX
03-23614GERDES DEVELOPMENT CO.ERNEST OPERATING COMPANYLee County, TX

Nearby Properties

These are the closest 20 properties to the Gerdes Development Co property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Alford JBurleson County, TX20 BBLs0 MCFAug 2024
BrownLee County, TX37 BBLs0 MCFAug 2024
Brown-Runnels UnitLee County, TX55 BBLs0 MCFAug 2024
GuthrieLee County, TX30 BBLs0 MCFJul 2024
Henry ShephardBurleson County, TX12 BBLs101 MCFJul 2024
HodgeLee County, TX15 BBLs0 MCFAug 2024
LinaBurleson County, TX47 BBLs0 MCFAug 2024
MortonBurleson County, TX42 BBLs0 MCFAug 2024
NoackLee County, TX18 BBLs46 MCFAug 2024
OwensLee County, TX56 BBLs0 MCFAug 2024
PearsonBurleson County, TX95 BBLs65 MCFAug 2024
PerryLee County, TX70 BBLs0 MCFAug 2024
Praesel, ABurleson County, TX27 BBLs0 MCFAug 2024
Richards L.CLee County, TX43 BBLs0 MCFAug 2024
Shephard HenryBurleson County, TX20 BBLs66 MCFAug 2024
Sun-WillardBurleson County, TX7 BBLs28 MCFJul 2024
TarwaterLee County, TX507 BBLs124 MCFAug 2024
WillardBurleson County, TX117 BBLs0 MCFAug 2024
WillardBurleson County, TX89 BBLs58 MCFAug 2024
Willard & WilliamsBurleson County, TX56 BBLs0 MCFAug 2024

Companies in the Area

These are the closest 20 companies operating near the Gerdes Development Co property.

Company Name
Arledge, Terry
Atlas Operating LLC
B & B Drilling Co.
Bet-Ro, Inc.
Central Plains Oil&Gas Corp. (A)
Crescent Exploration Company
E P C Oil & Gas, Inc.
Ernest Operating Company
Geosouthern Energy Corporation
Hamman Oil & Refining Company
Hollub, Lambert Drilling Company
Integras Operating, LLC
Jda Energy, LLC
Phillips Petroleum Company
Red Chalk Resources LLC
Rosenthal, Stanley H.
Rusk Energy Operating LLC
Seagull Operating Co., Inc.
Sheldon Resources, L.P.
Viceroy Petroleum, LP

Owners of Gerdes Development Co

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024ERNEST OPERATING COMPANYGERDES DEVELOPMENT CO #4ERNEST OPERATING CO
2024ERNEST OPERATING COMPANYGERDES DEVLPMNT CO INC #1-3ERNEST OPERATING CO
2024GERDES GARDAN LGERDES DEVELOPMENT CO #4ERNEST OPERATING CO
2024GERDES GARY WGERDES DEVELOPMENT CO #4ERNEST OPERATING CO
2024KUBESCH BETTY LOU GERDESGERDES DEVELOPMENT CO #4ERNEST OPERATING CO
2024STOKLEY MERRITTGERDES DEVELOPMENT CO #4ERNEST OPERATING CO
2024GERDES GARWOOD JASON TRUSTGERDES DEVELOPMENT CO #4ERNEST OPERATING CO
2024MCMASTER JILLGERDES DEVELOPMENT CO #4ERNEST OPERATING CO
Displaying 8 of 14 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Gerdes Development Co

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
03-11427GERDES DEVELOPMENT CO., INC.Jul 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Jul 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.Jun 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Jun 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Jun 20244J ENERGY, LLCERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.May 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.May 20244J ENERGY, LLCERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.May 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.Apr 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Apr 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.Mar 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Mar 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.Feb 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.Feb 20244J ENERGY, LLCERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Feb 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Feb 20244J ENERGY, LLCERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.Jan 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Jan 2024BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.Dec 2023BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.Dec 20234J ENERGY, LLCERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Dec 2023BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.Nov 2023BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Nov 2023BLM PIPELINE, INC.ERNEST OPERATING COMPANY
03-23614GERDES DEVELOPMENT CO.Nov 20234J ENERGY, LLCERNEST OPERATING COMPANY
03-11427GERDES DEVELOPMENT CO., INC.Oct 2023BLM PIPELINE, INC.ERNEST OPERATING COMPANY