Rainbow

Oil & Gas Property in Ward County, TX

Property Summary

Key data points for Rainbow

CountiesLoving County, TX
Ward County, TX
Production DatesJan 1993 - Dec 2024
Total Oil Production492,336 BBLs
Total Gas Production1,430,362 MCF
Recent Oil Production657 BBLs in Nov 2024
Recent Gas Production1,155 MCF in Nov 2024
Wells on Property10

Our Valuation Estimates for Rainbow

ShaleAssessment

$77,391 *

MarketMultiple

$151,163 **

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

Based on a decimal interest

Rainbow Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Rainbow
from Jan 1993 to Dec 2024

Wells on Rainbow

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-301-30022RAINBOW STATE 1Contango Resources, LLCTemp AbandonedLoving County, TX31.653400-103.536431
42-301-31154RAINBOW STATE 4Contango Resources, LLCTemp AbandonedLoving County, TX31.654727-103.535286
42-301-31177RAINBOW STATE 5FOREST OIL CORPORATIONPlugged Oil WellLoving County, TX31.657313-103.543792
42-301-31178RAINBOW STATE 7FOREST OIL CORPORATIONPermitted LocationLoving County, TX31.652065-103.549485
42-301-31588RAINBOW STATE 33-70 1HDIAMONDBACK E&P LLCShut InLoving County, TX31.666197-103.523254
42-301-31699RAINBOW 70 1DENERGEN RESOURCES CORPORATIONPermitted LocationLoving County, TX31.657226-103.525126
42-301-31713RAINBOW STATE 33-70 2HDIAMONDBACK E&P LLCProducingLoving County, TX31.662814-103.520899
42-301-31824RAINBOW STATE 33-70 3HDIAMONDBACK E&P LLCHorizontal Well Surface LocatioLoving County, TX31.654535-103.533240
42-301-31826RAINBOW STATE 33-70 4HDIAMONDBACK E&P LLCProducingLoving County, TX31.652607-103.530442
42-475-34823RAINBOW STATE 6FOREST OIL CORPORATIONPermitted LocationWard County, TX31.648459-103.540218

Leases included in Rainbow

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-057786RAINBOW STATE 1FOREST OIL CORPORATIONLoving County, TX
08-061702RAINBOW STATE 1FOREST OIL CORPORATIONLoving County, TX
08-185465RAINBOW STATE 1FOREST OIL CORPORATIONLoving County, TX
08-204729RAINBOW STATE 4Contango Resources, LLCLoving County, TX
08-205027RAINBOW STATE 1Contango Resources, LLCLoving County, TX
08-38095RAINBOW STATEFOREST OIL CORPORATIONLoving County, TX
08-42303RAINBOW STATE 33-70TRP OPERATING LLCLoving County, TX

Nearby Properties

These are the closest 20 properties to the Rainbow property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Atlanta 73Ward County, TX6,663 BBLs104,901 MCFDec 2024
Black Mamba 1-57Loving County, TX0 BBLs0 MCFDec 2024
Bob Couch 3-10Reeves County, TX2,323 BBLs14,625 MCFDec 2024
Brook StateLoving County, TX0 BBLs150 MCFDec 2024
Bush VIper UnitWard County, TX980 BBLs7,565 MCFDec 2024
Bushmaster 1-58Loving County, TX1,188 BBLs1,003 MCFDec 2024
Davey-StateLoving County, TX0 BBLs0 MCFJun 2024
Dolly VardenWard County, TX1,211 BBLs4,041 MCFDec 2024
East VermejoWard County, TX5,369 BBLs3,790 MCFDec 2024
El Paso StateLoving County, TX0 BBLs0 MCFDec 2024
ElmerWard County, TX5,924 BBLs38,482 MCFDec 2024
GoldenWard County, TX2,862 BBLs10,987 MCFDec 2024
GraylingLoving County, TX520 BBLs13,977 MCFDec 2024
Jayhawk Reveille State Alloc 4012HLoving County, TX13,106 BBLs43,578 MCFDec 2024
Lowe 74 UnitLoving County, TX7,420 BBLs178,076 MCFDec 2024
Riverboat Unit 33-71Loving County, TX2,634 BBLs26,464 MCFDec 2024
SalisburyLoving County, TX895 BBLs6,102 MCFDec 2024
Sidewinder State Unit 1-68Loving County, TX734 BBLs8,025 MCFDec 2024
SteelheadLoving County, TX0 BBLs0 MCFDec 2012
VermejoLoving County, TX0 BBLs181 MCFDec 2024

Frac'ing activity on Rainbow

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-301-31588Rainbow State 33-70/Well No. 1
42-301-31713Rainbow State 33-70/Well No. 2
42-301-31824Rainbow State 33-70/Well No. 3
42-301-31826Rainbow State 33-70/Well No. 4

Owners of Rainbow

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024DIAMONDBACK E&P LLCRAINBOW STATE 33-70DIAMONDBACK E&P
2024DIAMONDBACK E&P LLC WIRAINBOW STATE 33-70DIAMONDBACK E&P LLC

Oil & Gas Sales on Rainbow

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-42303RAINBOW STATE 33-70Oct 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Oct 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Sep 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Sep 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Aug 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Aug 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jul 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jul 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jun 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jun 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70May 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70May 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Apr 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Apr 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Mar 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Mar 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Feb 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Feb 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jan 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jan 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Dec 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Dec 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Nov 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Nov 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Oct 2023DIAMONDBACK E&P LLC