Natural Gas: 16.67 MMCF
Oil: 32.52 MBBL
| Lease Name | Operator | Type | Interest | Value |
|---|---|---|---|---|
|
Cherokee Lake Unit No. 1 #3
RRC: 191617
|
Fortune Resources, Llc | WI | 87.5000% | $13,164 |
|
Cherokee Lake Unit No. 1 #4
RRC: 199952
|
Fortune Resources, Llc | WI | 87.5000% | $13,164 |
|
Cherokee Lake Unit No. 1 #5
RRC: 230888
|
Fortune Resources, Llc | WI | 87.5000% | $13,164 |
|
Lake Cherokee Gu #1well #2-7
RRC: 163405
|
Fortune Resources, Llc | WI | 64.5484% | $13,164 |
|
Lake Cherokee Gu #1well #2-7
RRC: 161579
|
Fortune Resources, Llc | WI | 64.5484% | $19,208 |
|
Lake Cherokee Gu #1well #2-7
RRC: 193118
|
Fortune Resources, Llc | WI | 64.5484% | $13,164 |
|
Lake Cherokee Gu #1well #2-7
RRC: 161684
|
Fortune Resources, Llc | WI | 64.5484% | $13,164 |
|
Lake Cherokee G U No.1 Well
RRC: 207558
|
Verado Energy | WI | 64.5484% | $21,594 |
|
Lake Cherokee G U No.1 Well
RRC: 209173
|
Fortune Resources, Llc | WI | 64.5484% | $13,164 |
|
Lake Cherokee G U No.1 Well
RRC: 219214
|
Fortune Resources, Llc | WI | 64.5484% | $19,046 |
|
Lake Cherokee G U No.1 Well
RRC: 232086
|
Fortune Resources, Llc | WI | 61.5543% | $13,164 |
Gregg County is in East Texas, with Longview as its county seat and Kilgore within its borders. It sits atop the East Texas Oil Field — one of the largest oil fields ever discovered in the lower 48 (1930), producing from the Woodbine sand.
The East Texas Oil Field has produced oil for over 90 years since its 1930 discovery. Production is mature and long-lived, with many wells declining slowly and continuing to pay royalties for decades.
Many mineral owners in Gregg County have received royalty payments for decades. As wells mature and production declines, some owners choose to sell their mineral rights to convert future uncertain income into immediate cash. Buckhead Energy purchases mineral rights across the East Texas Oil Field and broader East Texas Basin.
Owner: Verado Energy Inc
Type: Corporation
Interests: 11
Value: $165,160
County: Gregg, TX
If this is your property, get a free cash offer from Buckhead Energy.
Get Your OfferPublic Data: This information is from publicly available county appraisal records. To request removal, email [email protected].
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