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 - Aug 2024
Total Oil Production268,871 BBLs
Total Gas Production593,667 MCF
Recent Oil Production895 BBLs in Jul 2024
Recent Gas Production1,205 MCF in Jul 2024
Wells on Property2

Our Valuation Estimates for Welch 48

ShaleAssessment™

$52,903 *

MarketMultiple™

$121,065 **

* 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 Aug 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, TX304 BBLs3,646 MCFAug 2024
Bessie 44Martin County, TX25,822 BBLs101,519 MCFAug 2024
GrahamMartin County, TX645 BBLs1,927 MCFAug 2024
HarrellMartin County, TX258 BBLs191 MCFAug 2024
HowardMartin County, TX448 BBLs611 MCFAug 2024
HullMartin County, TX256 BBLs683 MCFAug 2024
McKenneyMartin County, TX0 BBLs0 MCFJul 2019
Moonshine 37-25Martin County, TX99,114 BBLs352,217 MCFAug 2024
MyrickMartin County, TX640 BBLs155 MCFAug 2024
NanceMartin County, TX710 BBLs0 MCFAug 2024
Orvis 37Martin County, TX20,582 BBLs68,961 MCFAug 2024
PowellMartin County, TX243 BBLs155 MCFAug 2024
Roy 1Martin County, TX472 BBLs1,472 MCFAug 2024
Sage 37-36Martin County, TX26,854 BBLs53,590 MCFAug 2024
Soto 43-7 (AllocMartin County, TX22,958 BBLs45,500 MCFAug 2024
Tas 37Martin County, TX2,145 BBLs2,227 MCFAug 2024
Twiss 41Martin County, TX0 BBLs0 MCFJun 2020
Wearner 38Martin County, TX1,039 BBLs0 MCFAug 2024
WebsterMartin County, TX179 BBLs150 MCFAug 2024
WilsonMartin County, TX133 BBLs0 MCFAug 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 48Aug 2024OVINTIV USA INC.OVINTIV 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.
08-44660WELCH 48Jan 2024OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Dec 2023OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Dec 2023OVINTIV USA INC.
08-44660WELCH 48Nov 2023BML INCOVINTIV USA INC.
08-44660WELCH 48Nov 2023OVINTIV USA INC.OVINTIV USA INC.
08-44660WELCH 48Nov 2023OVINTIV USA INC.