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 - Dec 2024
Total Oil Production436,361 BBLs
Total Gas Production1,105,753 MCF
Recent Oil Production362 BBLs in Nov 2024
Recent Gas Production1,368 MCF in Nov 2024
Wells on Property8

Our Valuation Estimates for Gailan

ShaleAssessment™

$52,093 *

MarketMultiple™

$54,978 **

* 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 Dec 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, TX2,030 BBLs5,021 MCFDec 2024
Bohannon26Andrews County, TX1,357 BBLs3,376 MCFDec 2024
Bohannon36Midland County, TX736 BBLs1,731 MCFDec 2024
Bohannon38Midland County, TX1,410 BBLs7,939 MCFDec 2024
CasselmanMidland County, TX41,814 BBLs124,711 MCFDec 2024
Casselman10Midland County, TX5,441 BBLs40,790 MCFDec 2024
Casselman4Midland County, TX8,304 BBLs45,164 MCFDec 2024
Casselman40Midland County, TX4,288 BBLs55,330 MCFDec 2024
Casselman8Midland County, TX3,974 BBLs46,058 MCFDec 2024
Crown RoyalEctor County, TX35 BBLs266 MCFDec 2024
EstesMidland County, TX1,590 BBLs4,301 MCFDec 2024
FaskenMidland County, TX107,351 BBLs230,344 MCFDec 2024
Fee AMidland County, TX22,261 BBLs94,474 MCFDec 2024
Fee BMidland County, TX3,366 BBLs8,937 MCFDec 2024
Fee BEctor County, TX384,927 BBLs840,762 MCFDec 2024
Fee BFMidland County, TX2,745 BBLs14,861 MCFDec 2024
Grey GooseMidland County, TX51 BBLs75 MCFDec 2024
HaagMidland County, TX446 BBLs179 MCFDec 2024
Haag HZ UnitEctor County, TX70,368 BBLs121,427 MCFDec 2024
Walnut-Barron 11Midland County, TX54,603 BBLs71,376 MCFDec 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.
Firebird Energy II LLC
Henry Petroleum Corp.
Henry Resources LLC
Independence Resources MGMT, LLC
Ovintiv USA Inc.
Permian Resources Operating, LLC
Pioneer Natural Res. USA, Inc.
Resolute Natural Res. Co., LLC
RSP Permian, LLC
Stephens, Autry C.
U. S. Operating, Inc.
Vector Oil & Gas LP

Frac'ing activity on Gailan

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-329-38458Gailan 5
42-329-38473Gailan 6
42-329-38474Gailan 7
42-329-38475Gailan 8

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
08-39392GAILANOct 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANSep 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANSep 2024PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANSep 2024PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANAug 2024PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANAug 2024PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
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 2024PLAINS MARKETING, L.P.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANMay 2024PIONEER NATURAL RESOURCES USA, INC.PIONEER NATURAL RESOURCES USA, INC.
08-39392GAILANMay 2024PIONEER 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.