Gibson-Wesley Unit

Oil & Gas Property in Stephens County, TX

  2. Texas
  3. Stephens County, TX
  4. Oil & Gas Properties in Stephens County, TX
  5. Gibson-Wesley Unit Oil & Gas Property

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Property Summary

Key data points for Gibson-Wesley Unit

CountyStephens County, TX
OperatorPETEX
Production DatesFeb 2012 - Aug 2024
Total Oil Production1,669 BBLs
Total Gas Production505,586 MCF
Recent Oil Production0 BBLs in Jul 2024
Recent Gas Production3,833 MCF in Jul 2024
Wells on Property2

Our Valuation Estimates for Gibson-Wesley Unit

ShaleAssessment™

$5,527 *

MarketMultiple™

$11,392 **

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

Based on a decimal interest

Gibson-Wesley Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Gibson-Wesley Unit
from Feb 2012 to Aug 2024

Wells on Gibson-Wesley Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-429-36678GIBSON-WESLEY UNIT 1PETEXProducingStephens County, TX32.895128-98.627169
42-429-36746GIBSON-WESLEY UNIT 2PETEXProducingStephens County, TX32.895558-98.633008

Leases included in Gibson-Wesley Unit

Lease #Lease NameOperatorCountyMonthly Gas Prod.
7B-262786GIBSON-WESLEY UNIT 1PETEXStephens County, TX
7B-267893GIBSON-WESLEY UNIT 2PETEXStephens County, TX

Nearby Properties

These are the closest 20 properties to the Gibson-Wesley Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
BrownStephens County, TX0 BBLs732 MCFAug 2024
BurgessStephens County, TX0 BBLs625 MCFAug 2024
DooleyStephens County, TX0 BBLs105 MCFAug 2024
Dooley-CStephens County, TX27 BBLs3,215 MCFAug 2024
Ed Ford Gas Unit NoStephens County, TX0 BBLs2,280 MCFJul 2024
FordStephens County, TX146 BBLs2,173 MCFAug 2024
G. H. Iles CStephens County, TX72 BBLs2,342 MCFAug 2024
GraggStephens County, TX4 BBLs192 MCFAug 2024
HerringPalo Pinto County, TX30 BBLs0 MCFJul 2024
HolmanStephens County, TX0 BBLs0 MCFJun 2024
Iles G.HStephens County, TX118 BBLs16,405 MCFAug 2024
JohnsPalo Pinto County, TX42 BBLs2,162 MCFAug 2024
JonesStephens County, TX1 BBLs0 MCFAug 2024
KennedyStephens County, TX0 BBLs1,144 MCFAug 2024
Mok 1Stephens County, TX0 BBLs112 MCFAug 2024
MorelandStephens County, TX0 BBLs2,855 MCFAug 2024
NantzStephens County, TX36 BBLs0 MCFJul 2024
RepassStephens County, TX0 BBLs2,374 MCFAug 2024
ReynoldsStephens County, TX0 BBLs248 MCFAug 2024
StroudStephens County, TX17 BBLs111 MCFAug 2024

Companies in the Area

These are the closest 20 companies operating near the Gibson-Wesley Unit property.

Company Name
Akers, B. F.
Allar Co., The
Bettis, Boyle & Stovall
Breck Operating Corp.
Brightman, Tom
Bruce Operating Account
Derby Oil Of Texas
Enrich Oil Corporation
Gannett Operating LLC
Griffin Resources
Jeff Dooley Operating, LLC
Kramer Operating, LLC
Long Trusts, The
McClymond, Inc.
Ole Chaparral On Possum Kingdom
Petex
Sky Resources, Inc.
Stonebriar Oil LLC
Wes-Mor Drilling, Inc.
Wilchar, DR. R. B.

Owners of Gibson-Wesley Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024PETROLEUM EXPLORATION COMPANYGIBSON WESLEY UNIT 2PETEX
2024GIBSON HAL ESTGIBSON WESLEY UNIT 2PETEX
2024JENNINGS JOHN IIIGIBSON WESLEY UNIT 2PETEX
2024PETROLEUM EXPLORATION COMPANYGIBSON WESLEY UT 1PETEX
2024WILLIAMSON HARRYGIBSON WESLEY UNIT 2PETEX
2024TROPHY RACK OUTFITTERSGIBSON WESLEY UNIT 2PETEX
2024HOOVER IRENE WESLEY CAUSE #305GIBSON WESLEY UNIT 2PETEX
2024POMYKAL FORREST AGIBSON WESLEY UNIT 2PETEX
Displaying 8 of 162 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Gibson-Wesley Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
7B-267893GIBSON-WESLEY UNIT 2Jul 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jul 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jun 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jun 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2May 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1May 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Apr 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Apr 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Mar 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Mar 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Feb 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Feb 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Jan 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Jan 2024TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Dec 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Dec 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Nov 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Nov 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Oct 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Oct 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Sep 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Sep 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Aug 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.
7B-262786GIBSON-WESLEY UNIT 1Aug 2023PHILLIPS 66 COMPANYPETROLEUM EXPLORATION COMPANY, LTD.
7B-267893GIBSON-WESLEY UNIT 2Aug 2023TAURUS GAS SERVICES, L.P.PETROLEUM EXPLORATION COMPANY, LTD.