Oil & Gas Property in Newton County, TX
Key data points for Hobbs Unit
| County | Newton County, TX |
|---|---|
| Production Dates | Nov 1995 - Oct 2024 |
| Total Oil Production | 157,735 BBLs |
| Total Gas Production | 1,867,913 MCF |
| Recent Oil Production | 0 BBLs in Sep 2024 |
| Recent Gas Production | 165 MCF in Sep 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Hobbs Unit
ShaleAssessment™
$3,471 *
MarketMultiple™
$8,470 **
* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue
Based on a decimal interest
These are the closest 7 properties to the Hobbs Unit property.
| Property Name | Location | Oil Prod. | Gas Prod. | Prod. Period |
|---|---|---|---|---|
| Blackstone Unit A | Newton County, TX | 243 BBLs | 178 MCF | Oct 2024 |
| Carthage | Newton County, TX | 260 BBLs | 2,112 MCF | Sep 2024 |
| Champion Int | Newton County, TX | 0 BBLs | 0 MCF | Feb 2022 |
| Champion Int | Newton County, TX | 364 BBLs | 2,383 MCF | Oct 2024 |
| Champion Intl | Newton County, TX | 12 BBLs | 46 MCF | Oct 2024 |
| Jones Unit A | Newton County, TX | 0 BBLs | 0 MCF | Aug 2016 |
| Temple | Newton County, TX | 3 BBLs | 128 MCF | Oct 2024 |
These are the closest 6 companies operating near the Hobbs Unit property.
| Company Name |
|---|
| Arcadia Energy Resources, LLC |
| BRG Lone Star LTD. |
| Copestone Operating, LLC |
| European-Southwest Co. |
| Sonat Exploration Company -Tyler |
| Texas Oil And Gas Operating, LLC |