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 - Aug 2024
Total Oil Production435,007 BBLs
Total Gas Production1,100,087 MCF
Recent Oil Production406 BBLs in Jul 2024
Recent Gas Production1,586 MCF in Jul 2024
Wells on Property8

Our Valuation Estimates for Gailan

ShaleAssessment™

$54,957 *

MarketMultiple™

$58,714 **

* 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 Aug 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, TX1,026 BBLs2,704 MCFAug 2024
Bohannon26Andrews County, TX569 BBLs1,200 MCFAug 2024
Bohannon36Midland County, TX491 BBLs536 MCFAug 2024
Bohannon38Midland County, TX2,115 BBLs9,089 MCFAug 2024
CasselmanMidland County, TX84,203 BBLs167,012 MCFAug 2024
Casselman10Midland County, TX4,834 BBLs50,366 MCFAug 2024
Casselman4Midland County, TX12,757 BBLs63,079 MCFAug 2024
Casselman40Midland County, TX5,926 BBLs68,184 MCFAug 2024
Casselman8Midland County, TX3,876 BBLs50,596 MCFAug 2024
Crown RoyalEctor County, TX273 BBLs423 MCFAug 2024
EstesMidland County, TX1,703 BBLs4,971 MCFAug 2024
FaskenMidland County, TX214,157 BBLs300,422 MCFSep 2024
Fee AMidland County, TX21,237 BBLs50,318 MCFAug 2024
Fee BMidland County, TX4,510 BBLs9,609 MCFAug 2024
Fee BEctor County, TX382,049 BBLs1,022,841 MCFAug 2024
Fee BFMidland County, TX3,548 BBLs15,805 MCFAug 2024
Grey GooseMidland County, TX18 BBLs96 MCFAug 2024
HaagMidland County, TX677 BBLs341 MCFAug 2024
Haag HZ UnitEctor County, TX112,015 BBLs173,423 MCFAug 2024
Walnut-Barron 11Midland County, TX69,882 BBLs90,036 MCFAug 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.
Fourpoint Energy, 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.