Oil & Gas Property in Newton County, TX
Key data points for Hobbs Unit
| County | Newton County, TX |
|---|---|
| Production Dates | Nov 1995 - Aug 2024 |
| Total Oil Production | 157,707 BBLs |
| Total Gas Production | 1,867,329 MCF |
| Recent Oil Production | 67 BBLs in Jul 2024 |
| Recent Gas Production | 961 MCF in Jul 2024 |
| Wells on Property | 2 |
Our Valuation Estimates for Hobbs Unit
ShaleAssessment™
$3,561 *
MarketMultiple™
$9,754 **
* 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 | 293 BBLs | 266 MCF | Aug 2024 |
| Carthage | Newton County, TX | 306 BBLs | 2,284 MCF | Aug 2024 |
| Champion Int | Newton County, TX | 0 BBLs | 0 MCF | Dec 2021 |
| Champion Int | Newton County, TX | 372 BBLs | 2,508 MCF | Aug 2024 |
| Champion Intl | Newton County, TX | 2 BBLs | 62 MCF | Aug 2024 |
| Jones Unit A | Newton County, TX | 0 BBLs | 0 MCF | Aug 2016 |
| Temple | Newton County, TX | 60 BBLs | 412 MCF | Aug 2024 |
These are the closest 7 companies operating near the Hobbs Unit property.
| Company Name |
|---|
| Arcadia Energy Resources, LLC |
| BRG Lone Star LTD. |
| Copestone Operating, LLC |
| European-Southwest Co. |
| Hicks Exploration, LLC |
| Sonat Exploration Company -Tyler |
| Texas Oil And Gas Operating, LLC |