Founders Johnson State

Oil & Gas Property in Reeves County, TX

Property Summary

Key data points for Founders Johnson State

CountyReeves County, TX
Production DatesJul 2017 - Nov 2024
Total Oil Production288,130 BBLs
Total Gas Production2,704,765 MCF
Recent Oil Production1,037 BBLs in Oct 2024
Recent Gas Production16,226 MCF in Oct 2024
Wells on Property2

Our Valuation Estimates for Founders Johnson State

ShaleAssessment

$80,756 *

MarketMultiple

$200,427 **

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

Based on a decimal interest

Founders Johnson State Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Founders Johnson State
from Jul 2017 to Nov 2024

Wells on Founders Johnson State

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-389-35876FOUNDERS JOHNSON STATE 1HFED OPERATING LLCProducingReeves County, TX31.460751-103.706371
42-389-35998FOUNDERS JOHNSON STATE 2HFOUNDERS OIL & GAS OPERATING,LLCHorizontal Well Surface LocatioReeves County, TX31.460765-103.712597

Leases included in Founders Johnson State

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-49964FOUNDERS JOHNSON STATEFED OPERATING LLCReeves County, TX

Operators Associated With Founders Johnson State

Nearby Properties

These are the closest 20 properties to the Founders Johnson State property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Birdman A U03hReeves County, TX1,074 BBLs26,409 MCFNov 2024
Black Maple Hill State 12 1HReeves County, TX1,558 BBLs26,639 MCFNov 2024
Blantons 20-23e Unit 1HReeves County, TX2,193 BBLs47,408 MCFNov 2024
Buffalo 55-5-39 1HReeves County, TX306 BBLs7,712 MCFNov 2024
Bulleit 12-15-16 UnitReeves County, TX8,225 BBLs199,327 MCFNov 2024
Citation 14Reeves County, TX442 BBLs10,668 MCFOct 2024
Diamond BackReeves County, TX207 BBLs3,804 MCFOct 2024
Knob Creek 12-11 Unit 1HReeves County, TX973 BBLs48,564 MCFNov 2024
Larceny 12-11W Unit 1HReeves County, TX269 BBLs17,977 MCFNov 2024
Manhattan State UnitReeves County, TX13,155 BBLs463,160 MCFNov 2024
Pappy Van Winkle State 20-23 1HReeves County, TX4,597 BBLs84,206 MCFNov 2024
Sandhu StateReeves County, TX0 BBLs0 MCFSep 2024
State DragonflyReeves County, TX7,862 BBLs120,498 MCFNov 2024
State Einhorn Unit 7Reeves County, TX64,060 BBLs937,484 MCFNov 2024
State Firefly 24 UnitReeves County, TX465 BBLs5,788 MCFNov 2024
State Mayfly UnitReeves County, TX5,433 BBLs81,004 MCFNov 2024
State OatmanReeves County, TX0 BBLs0 MCFFeb 2021
State Papillon UnitReeves County, TX21,453 BBLs211,886 MCFNov 2024
State Stonefly UnitReeves County, TX14,284 BBLs346,001 MCFNov 2024
Westway 2122Reeves County, TX0 BBLs0 MCFSep 2024

Owners of Founders Johnson State

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024FED OPERATING LLCFOUNDERS JOHNSON STATE 1HFED OPERATING
2024EXEMPT-STATE OF TEXASFOUNDERS JOHNSON STATE 1HFED OPERATING
2024TOM E JOHNSON LPFOUNDERS JOHNSON STATE 1HFED OPERATING
2024BOYLAN JOHN PFOUNDERS JOHNSON STATE 1HFED OPERATING
2024TERWILLIGER JOHN FFOUNDERS JOHNSON STATE 1HFED OPERATING

Oil & Gas Sales on Founders Johnson State

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-49964FOUNDERS JOHNSON STATEOct 2024BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATESep 2024BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATESep 2024EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEAug 2024BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEAug 2024EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJul 2024BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJul 2024EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJun 2024BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJun 2024EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEMay 2024BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEMay 2024EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEApr 2024BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEApr 2024EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEMar 2024BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEMar 2024EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEFeb 2024BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEFeb 2024EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJan 2024BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEJan 2024EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEDec 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEDec 2023EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATENov 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATENov 2023EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEOct 2023BML INCFORTRESS ENERGY DELAWARE LLC
08-49964FOUNDERS JOHNSON STATEOct 2023EAGLECLAW MIDSTREAM VENTURES, LLCFORTRESS ENERGY DELAWARE LLC