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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: 147
Latest Activity: 3 hours ago

Discussion Forum

Expired Lease

Started by Murray Hart yesterday. 0 Replies

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…Continue

Mike Malone: Gaines County Block G/Section 168/A-746

Started by Clint Liles. Last reply by Clint Liles on Monday. 2 Replies

Well 165-33119////Dry hole--…Continue

Fair price for sale of mineral rights

Started by Melinda Jones. Last reply by Diann Price on Friday. 15 Replies

 My brother and I have the mineral rights to possibly 640 acres in Gains Co.  Someone has offered to buy our mineral rights.   How do I know if they are offering a fair price?   Thanks MelContinue

Exa Kaye Luman:Gaines County Section 2 & 3/Block A12

Started by Clint Liles Apr 4. 0 Replies

Kaye,There are numerous producing vertical oil and gas wells to the South, Southwest and Southeast of your 2 sections.   Some of these wells are 10 years old and still doing fairly well.   The 4 blue…Continue

Comment Wall

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Comment by Judy Cambern on Sunday

AJ, they did receive my email because they addressed some other matters I was concerned about.  They addressed every other issue I raised, but completely ignored my request for going through  the bank.  I even gave them the address and person's name to contact.

Comment by AJ on Sunday

Judy, I have an account with texasfile.com  and searched "Lumberjack" in Gaines and counted the leases. I have no financial interest in Lumberjack Energy. I would phone Lumberjack and speak with someone to find out what's going on. Although it seems unlikely, could your email have never arrived, or could it have been unintentionally sent to the Spam folder and overlooked? I will be happy to search your friend's name to see if a lease has been filed. Friend request me if you would prefer not to share his name on the forum.

Comment by Judy Cambern on Sunday

Do you have any connection with them, AJ.

Comment by Judy Cambern on Sunday

AJ, When I emailed them on how I wanted to handle the lease...through the bank, I haven't heard another word from them.  They had been in hot and heavy pursuit before that communication.

Comment by Judy Cambern on Sunday

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 Saturday

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 Saturday

@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 Friday

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 Friday

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 Friday

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. 

 

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