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 - Dec 2024
Total Oil Production271,538 BBLs
Total Gas Production599,756 MCF
Recent Oil Production554 BBLs in Dec 2024
Recent Gas Production1,181 MCF in Dec 2024
Wells on Property2

Our Valuation Estimates for Welch 48

ShaleAssessment™

$50,012 *

MarketMultiple™

$123,697 **

* 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 Dec 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, TX378 BBLs3,447 MCFJan 2025
Bessie 44Martin County, TX22,769 BBLs101,216 MCFJan 2025
GrahamMartin County, TX684 BBLs1,675 MCFJan 2025
HarrellMartin County, TX1,251 BBLs1,090 MCFJan 2025
HowardMartin County, TX0 BBLs0 MCFJan 2025
HullMartin County, TX29 BBLs140 MCFJan 2025
McKenneyMartin County, TX0 BBLs0 MCFJul 2019
Moonshine 37-25Martin County, TX61,739 BBLs299,297 MCFJan 2025
MyrickMartin County, TX436 BBLs155 MCFJan 2025
NanceMartin County, TX843 BBLs580 MCFJan 2025
Orvis 37Martin County, TX16,112 BBLs69,640 MCFJan 2025
PowellMartin County, TX185 BBLs155 MCFJan 2025
Roy 1Martin County, TX712 BBLs2,920 MCFJan 2025
Sage 37-36Martin County, TX21,719 BBLs49,799 MCFJan 2025
Soto 43-7 (AllocMartin County, TX17,549 BBLs39,437 MCFJan 2025
Tas 37Martin County, TX1,694 BBLs8,951 MCFJan 2025
Twiss 41Martin County, TX0 BBLs0 MCFJun 2020
Wearner 38Martin County, TX1,201 BBLs0 MCFJan 2025
WebsterMartin County, TX199 BBLs155 MCFJan 2025
WilsonMartin County, TX128 BBLs0 MCFJan 2025

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.

Frac'ing activity on Welch 48

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-317-38849Welch 48#1
42-317-39772Welch 48-2

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.