Rainbow

Oil & Gas Property in Ward County, TX

  2. Texas
  3. Ward County, TX
  4. Oil & Gas Properties in Ward County, TX
  5. Rainbow Oil & Gas Property

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Property Summary

Key data points for Rainbow

CountiesLoving County, TX
Ward County, TX
Production DatesJan 1993 - Aug 2024
Total Oil Production488,581 BBLs
Total Gas Production1,421,854 MCF
Recent Oil Production1,043 BBLs in Jul 2024
Recent Gas Production2,881 MCF in Jul 2024
Wells on Property10

Our Valuation Estimates for Rainbow

ShaleAssessment™

$81,887 *

MarketMultiple™

$135,810 **

* 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
Subscribe for Full Access Subscribe now to gain immediate access
to oil and gas production for Rainbow
from Jan 1993 to Aug 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 LLCProducingLoving 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 33-70DIAMONDBACK E&P LLCLoving County, TX

Operators Associated With Rainbow

Nearby Properties

These are the closest 20 properties to the Rainbow property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Atlanta 73Ward County, TX8,650 BBLs129,097 MCFAug 2024
Black Mamba 1-57Loving County, TX4,451 BBLs9,851 MCFAug 2024
Bob Couch 3-10Reeves County, TX2,545 BBLs11,139 MCFAug 2024
Brook StateLoving County, TX0 BBLs155 MCFAug 2024
Bush VIper UnitWard County, TX871 BBLs5,725 MCFAug 2024
Davey-StateLoving County, TX0 BBLs0 MCFJun 2024
Dolly VardenWard County, TX627 BBLs1,353 MCFAug 2024
East VermejoWard County, TX6,425 BBLs9,220 MCFAug 2024
El Paso StateLoving County, TX267 BBLs872 MCFAug 2024
ElmerWard County, TX9,705 BBLs65,948 MCFAug 2024
GoldenWard County, TX3,992 BBLs11,568 MCFAug 2024
GraylingLoving County, TX734 BBLs25,188 MCFAug 2024
Jayhawk Reveille State Alloc 4012HLoving County, TX23,715 BBLs77,337 MCFAug 2024
Lowe 74 UnitLoving County, TX8,596 BBLs196,253 MCFAug 2024
Reveille State Unit 66-68-74Loving County, TX4,180 BBLs52,929 MCFAug 2024
Riverboat Unit 33-71Loving County, TX3,424 BBLs37,214 MCFAug 2024
SalisburyLoving County, TX1,003 BBLs6,154 MCFAug 2024
Sidewinder State Unit 1-68Loving County, TX1,203 BBLs16,721 MCFAug 2024
SteelheadLoving County, TX0 BBLs0 MCFDec 2012
VermejoLoving County, TX0 BBLs110 MCFAug 2024

Companies in the Area

These are the closest 20 companies operating near the Rainbow property.

Company Name
Alchemist Energy, LLC
Anadarko E&P Onshore LLC
Apache Corporation
Atapco
Claude-Maggie Co.
Coastal Management Corporation
Contango Resources LLC
Devon Energy Production Company LP
Diamondback E&P LLC
Energen Resources Corporation
Forest Oil Corporation
Great Western Drilling Co
Greenlake Energy Operating, LLC
Jay Management Company LLC
Last Mile Production, LLC
Matador Production Company
Pdeh LLC
Q Natural Resources, LLC
Rattler Midstream Operating LLC
WPX Energy Permian, LLC

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 33-70Jul 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jul 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jun 2024PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jun 2024DIAMONDBACK 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 2024DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Mar 2024PLAINS MARKETING, L.P.DIAMONDBACK 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 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Nov 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Oct 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Oct 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Sep 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Sep 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Aug 2023PLAINS MARKETING, L.P.DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Aug 2023DIAMONDBACK E&P LLC
08-42303RAINBOW STATE 33-70Jul 2023DIAMONDBACK E&P LLC