Ely Unit

Oil & Gas Property in Milam County, TX

Property Summary

Key data points for Ely Unit

CountyMilam County, TX
Production DatesJun 1996 - Aug 2024
Total Oil Production1,439,869 BBLs
Total Gas Production1,077,433 MCF
Recent Oil Production3,171 BBLs in Jul 2024
Recent Gas Production4,157 MCF in Jul 2024
Wells on Property13

Our Valuation Estimates for Ely Unit

ShaleAssessment

$50,482 *

MarketMultiple

$487,428 **

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

Based on a decimal interest

Ely Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Ely Unit
from Jun 1996 to Aug 2024

Wells on Ely Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-331-33463ELY UNIT 1 1MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764638-96.626083
42-331-33465ELY UNIT 2 1MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764638-96.625805
42-331-33775ELY UNIT 1 2MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.766766-96.622543
42-331-33885ELY UNIT 2 2MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764367-96.621141
42-331-34764ELY UNIT 1 EB 1HMAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764311-96.621255
42-331-34768ELY UNIT 2 3PHANADARKO E&P ONSHORE LLCPermitted LocationMilam County, TX30.764359-96.621285
42-331-34810ELY UNIT 1 EB 2HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762854-96.625551
42-331-34811ELY UNIT 1 EB 3HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762840-96.625596
42-331-34812ELY UNIT 1 EB 4HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762827-96.625641
42-331-34813ELY UNIT 1 EB 5HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762813-96.625686
42-331-34983ELY UNIT 1 4HGMAGNOLIA OIL & GAS OPERATING LLCShut InMilam County, TX30.762619-96.625437
42-331-34984ELY UNIT 1 5HBMAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.762840-96.625596
42-331-34987ELY UNIT 2 3HAMAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764166-96.630941

Leases included in Ely Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
03-23025ELY UNIT 2MAGNOLIA OIL & GAS OPERATING LLCMilam County, TX
03-23026ELY UNIT 1MAGNOLIA OIL & GAS OPERATING LLCMilam County, TX
03-25741ELY UNIT NO. 2TREADSTONE ENERGY PRTNR OP, LLCMilam County, TX
03-26974ELY UNIT 1 EBMAGNOLIA OIL & GAS OPERATING LLCMilam County, TX
03-27314ELY UNIT 1MAGNOLIA OIL & GAS OPERATING LLCMilam County, TX

Nearby Properties

These are the closest 20 properties to the Ely Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AaronMilam County, TX2,062 BBLs2,372 MCFAug 2024
Alliance TrustRobertson County, TX842 BBLs724 MCFAug 2024
Alliance-Reistino UnitRobertson County, TX1,292 BBLs80 MCFAug 2024
Anna ClaireMilam County, TX1,312 BBLs459 MCFAug 2024
Brady ScottMilam County, TX1,766 BBLs1,537 MCFAug 2024
Cannon MichaelMilam County, TX1,260 BBLs1,645 MCFAug 2024
Cartwright-Moore UnitMilam County, TX661 BBLs181 MCFAug 2024
Cotropia-Frazier UnitRobertson County, TX322 BBLs15 MCFAug 2024
CutterMilam County, TX2,369 BBLs9,596 MCFAug 2024
Ditto-Wilson UnitMilam County, TX552 BBLs1,723 MCFAug 2024
Ella MarieMilam County, TX1,792 BBLs1,705 MCFAug 2024
JamesMilam County, TX628 BBLs3,908 MCFAug 2024
Kubin-Pope UnitRobertson County, TX1,253 BBLs859 MCFAug 2024
Kubin-Scamardo UnitRobertson County, TX551 BBLs1,603 MCFAug 2024
Merka UnitRobertson County, TX602 BBLs0 MCFAug 2024
Sarah Ferrara E Unit 1Robertson County, TX319 BBLs0 MCFAug 2024
Scamardo HCXRobertson County, TX9,806 BBLs14,684 MCFAug 2024
Scamardo-Cotropia UnitRobertson County, TX3,359 BBLs2,720 MCFAug 2024
TreyleyMilam County, TX1,204 BBLs6,948 MCFAug 2024
TylerMilam County, TX1,478 BBLs7,118 MCFAug 2024

Owners of Ely Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024MAGNOLIA OIL & GAS OPERATING LLCELY UNIT #2-1MAGNOLIA OIL &
2024MAGNOLIA OIL & GAS OPERATING LLCELY UNIT 1MAGNOLIA OIL &
2024MAGNOLIA OIL & GAS OPERATING LLCELY UNIT 1MAGNOLIA OIL &
2024MAGNOLIA OIL & GAS OPERATING LLCELY UNIT 1 EBMAGNOLIA OIL &
2024ELY J B JRELY UNIT #2-1MAGNOLIA OIL &
2024ELY MYRON EELY UNIT 1MAGNOLIA OIL &
2024MAGNOLIA OIL & GAS OPERATING LLCELY UNIT 1MAGNOLIA OIL &
2024CLINGMAN ELIZABETH R BERGELY UNIT #2-1MAGNOLIA OIL &
Displaying 8 of 116 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Ely Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
03-23025ELY UNIT 2Aug 2024ETC TEXAS PIPELINE, LTD.MAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Aug 2024ETC TEXAS PIPELINE, LTD.MAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBAug 2024ETC TEXAS PIPELINE, LTD.MAGNOLIA OIL & GAS OPERATING LLC
03-27314ELY UNIT 1Aug 2024ETC TEXAS PIPELINE, LTD.MAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Jul 2024MAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Jul 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Jul 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Jul 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Jul 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBJul 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBJul 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-27314ELY UNIT 1Jul 2024MAGNOLIA OIL & GAS OPERATING LLC
03-27314ELY UNIT 1Jul 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Jun 2024MAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Jun 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Jun 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Jun 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Jun 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBJun 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBJun 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-27314ELY UNIT 1Jun 2024MAGNOLIA OIL & GAS OPERATING LLC
03-27314ELY UNIT 1Jun 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2May 2024MAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2May 2024MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2May 20244J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC