Welch 48

Oil & Gas Property in Martin County, TX

  2. Texas
  3. Martin County, TX
  4. Oil & Gas Properties in Martin County, TX
  5. Welch 48 Oil & Gas Property

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Property Summary

Key data points for Welch 48

CountyMartin County, TX
OperatorOVINTIV USA INC.
Production DatesNov 2013 - Nov 2024
Total Oil Production270,984 BBLs
Total Gas Production598,575 MCF
Recent Oil Production622 BBLs in Oct 2024
Recent Gas Production1,440 MCF in Oct 2024
Wells on Property2

Our Valuation Estimates for Welch 48

ShaleAssessment™

$50,750 *

MarketMultiple™

$148,752 **

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

Based on a decimal interest

Welch 48 Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Welch 48
from Nov 2013 to Nov 2024

Wells on Welch 48

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-317-38849WELCH 48 1OVINTIV USA INC.ProducingMartin County, TX32.160162-101.886345
42-317-39772WELCH 48 2OVINTIV USA INC.ProducingMartin County, TX32.164684-101.887798

Leases included in Welch 48

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-44660WELCH 48OVINTIV USA INC.Martin County, TX

Nearby Properties

These are the closest 20 properties to the Welch 48 property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bell Ringer 31Martin County, TX212 BBLs2,729 MCFNov 2024
Bessie 44Martin County, TX24,137 BBLs103,201 MCFNov 2024
GrahamMartin County, TX554 BBLs1,697 MCFNov 2024
HarrellMartin County, TX1,125 BBLs542 MCFNov 2024
HowardMartin County, TX651 BBLs346 MCFNov 2024
HullMartin County, TX133 BBLs155 MCFNov 2024
McKenneyMartin County, TX0 BBLs0 MCFJul 2019
Moonshine 37-25Martin County, TX70,497 BBLs306,713 MCFNov 2024
MyrickMartin County, TX433 BBLs155 MCFNov 2024
NanceMartin County, TX762 BBLs296 MCFNov 2024
Orvis 37Martin County, TX16,943 BBLs67,830 MCFNov 2024
PowellMartin County, TX135 BBLs155 MCFNov 2024
Roy 1Martin County, TX755 BBLs2,236 MCFNov 2024
Sage 37-36Martin County, TX19,033 BBLs45,997 MCFNov 2024
Soto 43-7 (AllocMartin County, TX20,672 BBLs44,043 MCFNov 2024
Tas 37Martin County, TX1,872 BBLs5,619 MCFNov 2024
Twiss 41Martin County, TX0 BBLs0 MCFJun 2020
Wearner 38Martin County, TX1,134 BBLs0 MCFNov 2024
WebsterMartin County, TX213 BBLs151 MCFNov 2024
WilsonMartin County, TX136 BBLs0 MCFNov 2024

Companies in the Area

These are the closest 20 companies operating near the Welch 48 property.

Company Name
Alta Energy Corporation
Arya Resources, LLC
Beach Exploration, Inc.
Breitburn Operating LP
Cutbow Operating, LLC
Diamondback E&P LLC
Endeavor Energy Resources, LP
Huntington Energy LLC
L.C.S. Production Company
Merit Energy Company
Odessa Exploration, Inc.
Oxyrock Operating, LLC
Petroplex Energy Inc.
Pioneer Natural Res. USA, Inc.
Pogo Panhandle 2004, L.P.
Reliance Energy, Inc.
Rittenhouse Oil & Gas Co.
Santa Fe Energy Resources, Inc.
Scout Energy Management LLC
Stephens, Autry C.

Owners of Welch 48

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024OVINTIV USA INCWELCH 48OVINTIV USA INC

Oil & Gas Sales on Welch 48

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-44660WELCH 48Oct 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Sep 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Sep 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Sep 2024OVINTIV USA INC.
08-44660WELCH 48Aug 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Aug 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Aug 2024OVINTIV USA INC.
08-44660WELCH 48Jul 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Jul 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Jul 2024OVINTIV USA INC.
08-44660WELCH 48Jun 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Jun 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Jun 2024OVINTIV USA INC.
08-44660WELCH 48May 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48May 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48May 2024OVINTIV USA INC.
08-44660WELCH 48Apr 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Apr 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Apr 2024OVINTIV USA INC.
08-44660WELCH 48Mar 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Mar 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Mar 2024OVINTIV USA INC.
08-44660WELCH 48Feb 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Feb 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Feb 2024OVINTIV USA INC.