Polar

Oil & Gas Property in Loving County, TX

Property Summary

Key data points for Polar

CountyLoving County, TX
OperatorATLANTIC OPERATING II, LLC
Production DatesJan 2010 - Oct 2024
Total Oil Production391,358 BBLs
Total Gas Production548,674 MCF
Recent Oil Production1,237 BBLs in Sep 2024
Recent Gas Production2,567 MCF in Sep 2024
Wells on Property8

Our Valuation Estimates for Polar

ShaleAssessment

$59,662 *

MarketMultiple

$180,701 **

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

Based on a decimal interest

Polar Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Polar
from Jan 2010 to Oct 2024

Wells on Polar

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-301-31518POLAR 1ATLANTIC OPERATING II, LLCProducingLoving County, TX31.891387-103.591849
42-301-31526POLAR 2ATLANTIC OPERATING II, LLCProducingLoving County, TX31.891474-103.585376
42-301-31528POLAR 4ATLANTIC OPERATING II, LLCProducingLoving County, TX31.893996-103.584868
42-301-31529POLAR 3ATLANTIC OPERATING II, LLCProducingLoving County, TX31.893352-103.587790
42-301-31590POLAR 5ATLANTIC OPERATING II, LLCProducingLoving County, TX31.896854-103.583194
42-301-31651POLAR 6ATLANTIC OPERATING II, LLCProducingLoving County, TX31.896390-103.589507
42-301-31893POLAR 7ATLANTIC OPERATING II, LLCProducingLoving County, TX31.894498-103.592842
42-301-32084POLAR 8ATLANTIC OPERATING II, LLCShut InLoving County, TX31.891535-103.594914

Leases included in Polar

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-39801POLARATLANTIC OPERATING II, LLCLoving County, TX

Nearby Properties

These are the closest 20 properties to the Polar property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
ArcticLoving County, TX1,236 BBLs1,060 MCFOct 2024
Benny 54-1-47-2Loving County, TX61,656 BBLs130,566 MCFOct 2024
BeringLoving County, TX399 BBLs556 MCFOct 2024
Bonefish 76-45 Lov UnitLoving County, TX39,000 BBLs69,594 MCFOct 2024
Bongo 76-43 Lov UnitLoving County, TX27,290 BBLs53,360 MCFOct 2024
Boomslang 54-1-38-35Loving County, TX0 BBLs0 MCFNov 2024
FranLoving County, TX0 BBLs0 MCFOct 2021
FrostLoving County, TX441 BBLs547 MCFOct 2024
Johnson W. D. Jr. EtalLoving County, TX0 BBLs0 MCFOct 2016
JuneLoving County, TX934 BBLs1,557 MCFOct 2024
Kudu 53-2-6 LovLoving County, TX31,530 BBLs73,956 MCFOct 2024
LovingLoving County, TX0 BBLs0 MCFApr 2020
Nyala 53-2-5 LovLoving County, TX21,328 BBLs48,836 MCFOct 2024
Pacific 1Loving County, TX297 BBLs619 MCFOct 2024
Page-JohnsonLoving County, TX0 BBLs0 MCFFeb 2024
Permit 76-44 Lov UnitLoving County, TX77,436 BBLs170,667 MCFOct 2024
Python 54-1-37-48Loving County, TX152,044 BBLs595,624 MCFOct 2024
Red LakeLoving County, TX473 BBLs962 MCFOct 2024
Small Eyed 54-1-36-25 UnitLoving County, TX235,126 BBLs555,917 MCFOct 2024
TXL 3Loving County, TX0 BBLs0 MCFOct 2024

Owners of Polar

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024ATLANTIC OPERATING II LLCPOLARATLANTIC OPER II LLC
2024LOVING COUNTY MINERALS LPPOLARATLANTIC OPER II LLC
2024JOHNSON TRUST FBO D HAGGERTYPOLARATLANTIC OPER II LLC
2024SHELL WESTERN E&PPOLARATLANTIC OPER II LLC
2024ANADARKO E&P ONSHORE LLCPOLARATLANTIC OPER II LLC

Oil & Gas Sales on Polar

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-39801POLAROct 2024ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARSep 2024ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARSep 2024ATLANTIC OPERATING II, LLC
08-39801POLARAug 2024ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARAug 2024ATLANTIC OPERATING II, LLC
08-39801POLARJul 2024ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARJul 2024ATLANTIC OPERATING II, LLC
08-39801POLARJun 2024ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARJun 2024ATLANTIC OPERATING II, LLC
08-39801POLARMay 2024ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARMay 2024ATLANTIC OPERATING II, LLC
08-39801POLARApr 2024ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARApr 2024ATLANTIC OPERATING II, LLC
08-39801POLARMar 2024ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARMar 2024ATLANTIC OPERATING II, LLC
08-39801POLARFeb 2024ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARFeb 2024ATLANTIC OPERATING II, LLC
08-39801POLARJan 2024ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARJan 2024ATLANTIC OPERATING II, LLC
08-39801POLARDec 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARDec 2023ATLANTIC OPERATING II, LLC
08-39801POLARNov 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLARNov 2023ATLANTIC OPERATING II, LLC
08-39801POLAROct 2023ENTERPRISE CRUDE OIL LLCATLANTIC OPERATING II, LLC
08-39801POLAROct 2023ATLANTIC OPERATING II, LLC