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Gaines County, TX - Oil & Gas Discussion

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Gaines County, TX - Oil & Gas Discussion

Anyone with mineral interests in Gaines County Texas or interested in the area's petroleum industry activity is welcome to participate. 

Members: 179
Latest Activity: on Friday

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Comment by Judy Cambern on April 22, 2017 at 7:04pm

AJ, I received their lease offer and told them I would take the leases to be notarized to my bank with the explanation that as soon as my bank received their check and it cleared, the bank would forward the signed and notarized copies to them.  I have personal knowledge of an individual who signed and returned their leases before being paid. This individual has contacted them several times and always gets some excuse..."the lease had to be redone on to legal size paper", they would be coming through the area  and would come by personally with "new" copies to sign along with the check".  I have looked Lumberjack up on Facebook and the internet.  I'm not trying to give them a bad rep.  I would just like to know others who have had personal experience with them and how they fared.  

Comment by AJ on April 22, 2017 at 6:46pm

Judy Cambern, I believe Lumberjack is more of a land company and may not drill wells. Have you phoned or emailed the company as to why your bonus check has not been received? If you do not mind me asking, how did it come about that you handed over a signed lease without it being exchanged for a check payable in immediately available funds? If you were given a bank draft "check", there might be a provision stating that the lessee has a period of time to confirm ownership, etc. before the funds will be deposited.

Comment by Judy Cambern on April 22, 2017 at 6:25pm

@AJ, 200 leases in 6 months sounds awesome. Do you know if Lumberjack has of record any drilling permits or to whom they may be working for or flipping these leases?   Maybe they are just a tad slow in paying those bonuses.  Thanks for the info.

Comment by Murray Hart on April 21, 2017 at 11:40am

I have two questions. I have 60 NMA in Block G, C & M RR CO survey, Abstract A-1620 that was leased by a small Houston based company. It was a 3 + 2 year lease. That was over three years ago and I have not heard anything from the company, so I assume that the lease is terminated and open. Is that a safe assumption? My second question is, does one advertise that mineral interests are open for lease or do you simply wait until you are approached by a landman who is interested in your area?

Comment by AJ on April 21, 2017 at 10:51am

https://www.oilandgas360.com/ring-energy-inc-acquires-over-33000-ac...

Ring Energy, Inc. (NYSE MKT: REI) (“Company”)(“Ring”) announced today that it has acquired approximately 33,000 undeveloped acres in Gaines County, Texas, for an approximate purchase price of $16,600,000 ($500/acre). The Company will pay for the acreage with surplus capital received from a December 2016 public stock offering.

The entire acreage is located in an area that the Company has targeted for its horizontal drilling and development program, with more than 50% of the 33,000 acres contiguous to Ring’s existing Central Basin Platform (“CBP”) leases. The Company will have a 100% working interest and a net revenue interest of 75%...

Comment by AJ on April 20, 2017 at 10:19pm

Since September 2016, Lumberjack Energy appears to have recorded more than 200 oil and gas leases in Gaines county. One would assume that most if not all of the individuals who signed have received their bonuses. 

Comment by Judy Cambern on April 20, 2017 at 8:01pm

Just wondering if anyone has actually received money from Lumberjack,  I have seen several or heard of several, but wondered if anyone had actually signed with  them and redeived money they had agreed to pay 

Thanks, Judy

Comment by Diann Price on April 7, 2017 at 4:22pm

Need help with understanding pooling  50% OF MINERAL RIGHTS Blk  H  , E OF SEMINOLE

Comment by Clint Liles on April 4, 2017 at 12:28pm

Exa,

We need  a complete Block # before we can pull up the GIS Map to check activity and production in the area of your minerals?????

As in Block A6 or A21

Clint Liles

Comment by Exa Kaye Luman on April 4, 2017 at 12:06pm

Out family has an offer of $400, 25%, 3 yr. or $500 25%, 3 yr. with 2 yr. extension.  Gaines County, Block A, Sections 2 and 3.  There are producing wells in Section 9.  Section 8 has produced in the past.  Wondering how close that is to a good offer.

 

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