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 - Sep 2024
Total Oil Production1,669 BBLs
Total Gas Production508,939 MCF
Recent Oil Production0 BBLs in Aug 2024
Recent Gas Production3,933 MCF in Aug 2024
Wells on Property2

Our Valuation Estimates for Gibson-Wesley Unit

ShaleAssessment™

$5,454 *

MarketMultiple™

$10,505 **

* 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 Sep 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 BBLs725 MCFSep 2024
BurgessStephens County, TX0 BBLs602 MCFSep 2024
DooleyStephens County, TX0 BBLs101 MCFSep 2024
Dooley CStephens County, TX9 BBLs3,622 MCFSep 2024
Ed Ford Gas Unit NoStephens County, TX0 BBLs2,168 MCFAug 2024
FordStephens County, TX126 BBLs3,245 MCFSep 2024
G. H. Iles CStephens County, TX60 BBLs2,209 MCFSep 2024
GraggStephens County, TX4 BBLs478 MCFSep 2024
HerringPalo Pinto County, TX20 BBLs0 MCFAug 2024
HolmanStephens County, TX0 BBLs0 MCFJun 2024
Iles G.HStephens County, TX144 BBLs15,542 MCFSep 2024
JohnsPalo Pinto County, TX36 BBLs1,894 MCFSep 2024
JonesStephens County, TX2 BBLs0 MCFSep 2024
KennedyStephens County, TX0 BBLs1,142 MCFSep 2024
Mok 1Stephens County, TX0 BBLs107 MCFSep 2024
MorelandStephens County, TX0 BBLs2,992 MCFSep 2024
NantzStephens County, TX20 BBLs0 MCFAug 2024
RepassStephens County, TX0 BBLs1,820 MCFSep 2024
ReynoldsStephens County, TX0 BBLs240 MCFSep 2024
StroudStephens County, TX28 BBLs39 MCFSep 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
Kramer, Frank C.
Long Trusts, The
McClymond, Inc.
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.