Hitts Lake

Oil & Gas Property in Smith County, TX

  2. Texas
  3. Smith County, TX
  4. Oil & Gas Properties in Smith County, TX
  5. Hitts Lake Oil & Gas Property

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Property Summary

Key data points for Hitts Lake

CountySmith County, TX
Production DatesJan 1993 - Sep 2024
Total Oil Production1,947,450 BBLs
Total Gas Production487 MCF
Recent Oil Production720 BBLs in Aug 2024
Recent Gas Production0 MCF in Aug 2024
Wells on Property50

Our Valuation Estimates for Hitts Lake

ShaleAssessment™

$70,063 *

MarketMultiple™

$93,559 **

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

Based on a decimal interest

Hitts Lake Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Hitts Lake
from Jan 1993 to Sep 2024

Wells on Hitts Lake

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
42-423-00503HITTS LAKE UNIT 701VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.447303-95.287301
42-423-00504HITTS LAKE UNIT 901VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.451655-95.287917
42-423-00505HITTS LAKE UNIT 501VALENCE OPERATING COMPANYShut InSmith County, TX32.446972-95.282612
42-423-00507HITTS LAKE UNIT 1001VALENCE OPERATING COMPANYShut InSmith County, TX32.452848-95.293594
42-423-00508HITTS LAKE UNIT 801WVALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.450782-95.295414
42-423-00509HITTS LAKE UNIT 1302VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.448386-95.281465
42-423-00515HITTS LAKE UNIT 1528VALENCE OPERATING COMPANYShut InSmith County, TX32.450773-95.284472
42-423-00579HITTS LAKE UNIT 401VALENCE OPERATING COMPANYShut InSmith County, TX32.444969-95.285658
42-423-00581HITTS LAKE UNIT 201VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.434711-95.307467
42-423-00582HITTS LAKE UNIT 301VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.441600-95.284483
42-423-00590HITTS LAKE UNIT 101VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.444142-95.291990
42-423-00593HITTS LAKE UNIT 107VALENCE OPERATING COMPANYShut InSmith County, TX32.445151-95.293628
42-423-00596HITTS LAKE UNIT 120VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.435059-95.299980
42-423-00599HITTS LAKE UNIT 103VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.439842-95.293158
42-423-00600HITTS LAKE UNIT 102WVALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.441584-95.290785
42-423-00607HITTS LAKE UNIT 117VALENCE OPERATING COMPANYShut InSmith County, TX32.437398-95.294319
42-423-00608HITTS LAKE UNIT 104VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.442895-95.290227
42-423-00609HITTS LAKE UNIT 302VALENCE OPERATING COMPANYShut InSmith County, TX32.442388-95.285902
42-423-00617HITTS LAKE UNIT 106VALENCE OPERATING COMPANYShut InSmith County, TX32.440516-95.297079
42-423-00618HITTS LAKE UNIT 108VALENCE OPERATING COMPANYShut InSmith County, TX32.443326-95.297236
42-423-00620HITTS LAKE UNIT 111VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.442623-95.304767
42-423-00621HITTS LAKE 13Plugged Oil WellSmith County, TX32.440543-95.306649
42-423-00622HITTS LAKE 15Oil WellSmith County, TX32.438548-95.309761
42-423-00623HITTS LAKE UNIT 116VALENCE OPERATING COMPANYShut InSmith County, TX32.437652-95.302040
42-423-00625HITTS LAKE UNIT 114VALENCE OPERATING COMPANYSidetrack Well Surface LocationSmith County, TX32.451480-95.299357
42-423-00626HITTS LAKE UNIT 112VALENCE OPERATING COMPANYShut InSmith County, TX32.444777-95.302597
42-423-01107HITTS LAKE OIL UNIT 1VESS OIL CORPORATIONProducingSmith County, TX32.475987-95.283956
42-423-30016HITTS LAKE UNIT 118VALENCE OPERATING COMPANYPlugged Oil WellSmith County, TX32.442521-95.293984
42-423-30018HITTS LAKE UNIT 119VALENCE OPERATING COMPANYShut InSmith County, TX32.437693-95.298721
42-423-30299HITTS LAKE UNIT 121VALENCE OPERATING COMPANYInjectionSmith County, TX32.440503-95.288644
42-423-30376HITTS LAKE UNIT 1022VALENCE OPERATING COMPANYShut InSmith County, TX32.445592-95.288930
42-423-30377HITTS LAKE UNIT 702VALENCE OPERATING COMPANYShut InSmith County, TX32.447228-95.288978
42-423-30379HITTS LAKE UNIT 602WSUN EXPL. & PROD. CO.-LONGVIEWPlugged Oil WellSmith County, TX32.447405-95.285140
42-423-30383HITTS LAKE UNIT 1023WSVALENCE OPERATING COMPANYWater SupplySmith County, TX32.442596-95.287631
42-423-30526HITTS LAKE UNIT 124WVALENCE OPERATING COMPANYShut InSmith County, TX32.445511-95.287047
42-423-30628HITTS LAKE UNIT 125SUN EXPL. & PROD. CO.-LONGVIEWSidetrack Well Surface LocationSmith County, TX32.444888-95.300037
42-423-30874HITTS LAKE UNIT 1201VALENCE OPERATING COMPANYShut InSmith County, TX32.447245-95.295082
42-423-30938HITTS LAKE UNIT 126VALENCE OPERATING COMPANYShut InSmith County, TX32.444241-95.298089
42-423-30941HITTS LAKE UNIT 1027SUN EXPL. & PROD. CO.-LONGVIEWPlugged Oil WellSmith County, TX32.441587-95.299620
42-423-30993HITTS LAKE UNIT 703VALENCE OPERATING COMPANYShut InSmith County, TX32.448947-95.287663
42-423-31061HITTS LAKE 1SHREVEPORT OIL & GAS COMPANYDry HoleSmith County, TX32.456112-95.306002
42-423-31074HITTS LAKE UNIT 128VALENCE OPERATING COMPANYShut InSmith County, TX32.440271-95.295204
42-423-31113HITTS LAKE UNIT 802SUN EXPL. & PROD. CO.-LONGVIEWPlugged Oil WellSmith County, TX32.449420-95.293881
42-423-31898HITTS LAKE UNIT 1029VALENCE OPERATING COMPANYShut InSmith County, TX32.440575-95.304981
42-423-31905HITTS LAKE UNIT 203VALENCE OPERATING COMPANYPermitted LocationSmith County, TX32.435552-95.298806
42-423-32296HITTS LAKE UNIT 1030VALENCE OPERATING COMPANYShut InSmith County, TX32.442279-95.292957
42-423-32303HITTS LAKE UNIT 1031VALENCE OPERATING COMPANYShut InSmith County, TX32.444730-95.299590
42-423-32311HITTS LAKE UNIT 902VALENCE OPERATING COMPANYProducingSmith County, TX32.452262-95.287769
42-423-32312HITTS LAKE UNIT 203VALENCE OPERATING COMPANYDry HoleSmith County, TX32.434456-95.302751
42-423-32317HITTS LAKE UNIT 1032VALENCE OPERATING COMPANYShut InSmith County, TX32.440110-95.293432

Leases included in Hitts Lake

Lease #Lease NameOperatorCountyMonthly Oil Prod.
06-00693HITTS LAKESUN EXPLORATION & PRODUCTION CO.Smith County, TX
06-04626HITTS LAKE OIL UNIT NO 1GRACE PETROLEUM CORP.Smith County, TX
06-05990HITTS LAKE UNITVALENCE OPERATING COMPANYSmith County, TX
06-12723HITTS LAKE OIL UNITVESS OIL CORPORATIONSmith County, TX

Operators Associated With Hitts Lake

Nearby Properties

These are the closest 20 properties to the Hitts Lake property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Black Nettie MillerSmith County, TX561 BBLs0 MCFSep 2024
BrownSmith County, TX0 BBLs0 MCFAug 2022
Davenport D. L. Et AlSmith County, TX176 BBLs0 MCFSep 2024
Fender FeeSmith County, TX0 BBLs0 MCFMay 2024
Manley Family PartnershipSmith County, TX429 BBLs372 MCFSep 2024
Manson, Mary LouSmith County, TX774 BBLs0 MCFSep 2024
McCauleySmith County, TX2 BBLs382 MCFSep 2024
PalmerSmith County, TX0 BBLs0 MCFJan 2019
Paluxy B Sand UnitSmith County, TX2,543 BBLs0 MCFSep 2024
Pruitt, J. JSmith County, TX1,907 BBLs78 MCFSep 2024
Rex R. Coulter, Et AlSmith County, TX731 BBLs372 MCFSep 2024
Sand Flat N. Paluxy Unit No. 1Smith County, TX1,533 BBLs372 MCFSep 2024
Sand Flat UnitSmith County, TX9,848 BBLs328 MCFSep 2024
Sand Flat West(PaluxySmith County, TX3,154 BBLs744 MCFSep 2024
Shamburger Lake UnitSmith County, TX1,155 BBLs74 MCFSep 2024
Spigner Et AlSmith County, TX1,715 BBLs0 MCFSep 2024
Tate HeirsSmith County, TX0 BBLs0 MCFMay 2024
Tyler State ParkSmith County, TX3,094 BBLs372 MCFSep 2024
Wayne Fears, Et AlSmith County, TX333 BBLs288 MCFSep 2024
West Lane Chapel Paluxy A UnitSmith County, TX535 BBLs100 MCFSep 2024

Companies in the Area

These are the closest 18 companies operating near the Hitts Lake property.

Company Name
3-T Exploration, Inc.
Barrow-Shaver Resources Co.
Can-Tex Energy Corp.
Carrizo Oil & Gas, Inc.
Citation Oil & Gas Corp.
Culver & Cain Production LLC
Double Eight Oil Company LLC
Goldston Oil Corporation
Grace Petroleum Corp.
Lease Holders Acquisitions LLC
Neumin Production Company
Oryx Energy Company
Smith Pipe Of Abilene
Texaco E & P Inc
Tracy Production
Valence Operating Company
Vess Oil Corporation
Zapata-Fender, L. L. C.

Owners of Hitts Lake

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024VALENCE OPERATING COMPANYHITTS LAKE UNIT TR#01VALENCE OPERAT
2024VESS OIL CORPHITTS LAKE OIL UNITVESS OIL CORPO
2024EXEMPT-STATE OF TEXASHITTS LAKE OIL UNITVESS OIL CORPO
2024VALENCE OPERATING COMPANYHITTS LAKE UNIT TR#07VALENCE OPERAT
2024VALENCE OPERATING COMPANYHITTS LAKE UNIT TR#04VALENCE OPERAT
2024HP3 MINERALS LLCHITTS LAKE OIL UNITVESS OIL CORPO
2024VALENCE OPERATING COMPANYHITTS LAKE UNIT TR#06VALENCE OPERAT
2024COLE THEODORE FONDAHITTS LAKE UNIT TR#01VALENCE OPERAT
Displaying 8 of 246 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Hitts Lake

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
06-05990HITTS LAKE UNITAug 2024DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-12723HITTS LAKE OIL UNITAug 2024PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-12723HITTS LAKE OIL UNITJul 2024PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-05990HITTS LAKE UNITJul 2024DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-05990HITTS LAKE UNITJun 2024DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-05990HITTS LAKE UNITMay 2024DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-12723HITTS LAKE OIL UNITMay 2024PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-05990HITTS LAKE UNITApr 2024DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-12723HITTS LAKE OIL UNITApr 2024PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-12723HITTS LAKE OIL UNITMar 2024PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-05990HITTS LAKE UNITMar 2024DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-05990HITTS LAKE UNITFeb 2024DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-05990HITTS LAKE UNITJan 2024DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-12723HITTS LAKE OIL UNITJan 2024PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-05990HITTS LAKE UNITDec 2023DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-12723HITTS LAKE OIL UNITDec 2023PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-05990HITTS LAKE UNITNov 2023DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-12723HITTS LAKE OIL UNITNov 2023PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-05990HITTS LAKE UNITOct 2023DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-12723HITTS LAKE OIL UNITOct 2023PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-12723HITTS LAKE OIL UNITSep 2023PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-05990HITTS LAKE UNITSep 2023DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-12723HITTS LAKE OIL UNITAug 2023PLAINS MARKETING, L.P.VESS OIL CORPORATION
06-05990HITTS LAKE UNITAug 2023DK TRADING & SUPPLY, LLCBUFFCO PRODUCTION, INC.
06-12723HITTS LAKE OIL UNITJul 2023PLAINS MARKETING, L.P.VESS OIL CORPORATION