Gailan

Oil & Gas Property in Midland County, TX

  2. Texas
  3. Midland County, TX
  4. Oil & Gas Properties in Midland County, TX
  5. Gailan Oil & Gas Property

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Property Summary

Key data points for Gailan

CountyMidland County, TX
Production DatesAug 2007 - Sep 2024
Total Oil Production435,395 BBLs
Total Gas Production1,101,582 MCF
Recent Oil Production403 BBLs in Aug 2024
Recent Gas Production1,585 MCF in Aug 2024
Wells on Property8

Our Valuation Estimates for Gailan

ShaleAssessment™

$54,254 *

MarketMultiple™

$59,773 **

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

Based on a decimal interest

Gailan Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Gailan
from Aug 2007 to Sep 2024

Wells on Gailan

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-329-35771GAILAN 2PIONEER NATURAL RES. USA, INC.ProducingMidland County, TX32.067834-102.249729
42-329-35772GAILAN 1PIONEER NATURAL RES. USA, INC.Shut InMidland County, TX32.074919-102.251969
42-329-35817GAILAN 3PIONEER NATURAL RES. USA, INC.Shut InMidland County, TX32.077455-102.257185
42-329-35821GAILAN 4PIONEER NATURAL RES. USA, INC.Shut InMidland County, TX32.070372-102.254944
42-329-38458GAILAN 5PIONEER NATURAL RES. USA, INC.Shut InMidland County, TX32.066880-102.253845
42-329-38473GAILAN 6PIONEER NATURAL RES. USA, INC.ProducingMidland County, TX32.071339-102.250836
42-329-38474GAILAN 7PIONEER NATURAL RES. USA, INC.ProducingMidland County, TX32.073954-102.256075
42-329-38475GAILAN 8PIONEER NATURAL RES. USA, INC.ProducingMidland County, TX32.078601-102.253740

Leases included in Gailan

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-38461GAILANDEVON ENERGY PRODUCTION CO, L.P.Midland County, TX
08-39392GAILANPIONEER NATURAL RES. USA, INC.Midland County, TX

Operators Associated With Gailan

Nearby Properties

These are the closest 20 properties to the Gailan property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Bohannon24Andrews County, TX1,251 BBLs2,642 MCFSep 2024
Bohannon26Andrews County, TX1,028 BBLs1,660 MCFSep 2024
Bohannon36Midland County, TX584 BBLs355 MCFSep 2024
Bohannon38Midland County, TX2,051 BBLs8,726 MCFSep 2024
CasselmanMidland County, TX30,330 BBLs123,002 MCFSep 2024
Casselman10Midland County, TX5,526 BBLs54,478 MCFSep 2024
Casselman4Midland County, TX9,753 BBLs48,046 MCFSep 2024
Casselman40Midland County, TX4,754 BBLs50,375 MCFSep 2024
Casselman8Midland County, TX3,686 BBLs49,853 MCFSep 2024
Crown RoyalEctor County, TX175 BBLs367 MCFSep 2024
EstesMidland County, TX1,738 BBLs5,029 MCFSep 2024
FaskenMidland County, TX176,484 BBLs284,797 MCFSep 2024
Fee AMidland County, TX13,558 BBLs106,722 MCFSep 2024
Fee BEctor County, TX377,912 BBLs925,468 MCFSep 2024
Fee BMidland County, TX3,349 BBLs9,842 MCFSep 2024
Fee BFMidland County, TX3,436 BBLs16,467 MCFSep 2024
Grey GooseMidland County, TX0 BBLs102 MCFSep 2024
HaagMidland County, TX475 BBLs309 MCFSep 2024
Haag HZ UnitEctor County, TX96,340 BBLs165,591 MCFSep 2024
Walnut-Barron 11Midland County, TX57,936 BBLs73,259 MCFSep 2024

Companies in the Area

These are the closest 20 companies operating near the Gailan property.

Company Name
Apache Corporation
Callon Petroleum Operating Co
COG Operating LLC
De IV Operating, LLC
Diamondback E&P LLC
Endeavor Energy Resources, LP
Exxon Corporation
Fasken Oil And Ranch, LTD.
Flying W Resources, LLC
Henry Petroleum Corp.
Henry Resources LLC
Independence Resources MGMT, LLC
Lothian Oil Texas I, Inc.
Ovintiv USA Inc.
Patriot Resources, Inc.
Permian Resources Operating, LLC
Pioneer Natural Res. USA, Inc.
Resolute Natural Res. Co., LLC
RSP Permian, LLC
U. S. Operating, Inc.

Owners of Gailan

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024PIONEER NATURAL RES -WI-GAILANPIONEER NATURAL RES
2024BALMER SUE ANN FRANCISGAILANPIONEER NATURAL RES
2024CROWNROCK MINERALS LPGAILANPIONEER NATURAL RES
2024FRANCIS JAMES KENNETHGAILANPIONEER NATURAL RES
2024LIGHT KAY & K C LIGHT JR TRUSTGAILANPIONEER NATURAL RES

Oil & Gas Sales on Gailan

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-39392GAILANAug 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANJul 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANJul 2024PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANJul 2024PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANJun 2024PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANJun 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANJun 2024PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANMay 2024PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANMay 2024PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANMay 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANApr 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANApr 2024PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANApr 2024PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANMar 2024PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANMar 2024PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANMar 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANFeb 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANFeb 2024PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANFeb 2024PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANJan 2024PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANJan 2024PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANJan 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANDec 2023PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANDec 2023PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANDec 2023PIONEER NATURAL RESOURCES USA, INC.