Mineral Rights Forum

America’s conversation place for mineral owners

Gaines County, TX - Oil & Gas Discussion

Information

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: 167
Latest Activity: Jul 17

Discussion Forum

Completion Reports

Started by Clint Liles Jun 29. 0 Replies

Continue

N. Robertson Tract, Units 05 through 08, 25 though 27

Started by Barron Tierney. Last reply by Michael Purify Jun 29. 1 Reply

Anyone know anything?  Energen? Continue

Offer to buy mineral rights in Gaines

Started by Teri. Last reply by Michael Purify Jun 29. 3 Replies

My family has mineral rights in various locations in Texas and Louisiana. We just received an offer to buy at $3k/acre. We've never thought to sell any minerals rights in the past but we only have a…Continue

Section 6. Block G, Gaines, County - Mineral Rights lease offer questions

Started by M. Behan/Wren. Last reply by M. Behan/Wren Jun 19. 3 Replies

My family was recently contacted by Tomahawk Petroleum 2.0 with an offer to lease our mineral rights.$400, 20%, three year primary term, plus two year extentionResearched Tomahawk. They were formed…Continue

Comment Wall

Comment

You need to be a member of Gaines County, TX - Oil & Gas Discussion to add comments!

Comment by Keg on July 7, 2017 at 9:49am
Hello all!
My family has mineral rights in two different areas of Gaines County. One had the lease expire in May, and the other will expire in October. I've been tasked with gathering info and seeing if we can get them leased out again. Here are the locations.

Labor 3-4 League 294 (lease expired in May)

North Half SE 1/4 Section 72 (current lease expires in October)

Any help or advice on getting them leased again, or just general information on the area would be greatly appreciated.
Comment by Roger M Coil on June 15, 2017 at 3:33pm

My interest in in section 262 block G in Gaines county. I received an offer of $500.00 a MNA, 1/4 royalty with a two year option at $400.00 a NMA. I know nothing about the area where this is located. Does this appear to be a reasonable offer? Thanks folks!

Comment by AJ on June 15, 2017 at 12:36pm
Comment by Vicki Jacobs Taylor on May 26, 2017 at 11:47am

Silver Koolaid are you part of the Howard Family? We are also Block G 156 Vicki

Comment by Silver Koolaid on May 25, 2017 at 12:48pm

Thanks,

Scott Collen they upped the lease to 25%  without any problem at all.  Drill baby Drill!! 

Comment by Scott Collen on May 23, 2017 at 10:27pm
I agree with the earlier comment. Definately don't take less than 25% and you should easily be able to get $500 per acre
Comment by Silver Koolaid on May 23, 2017 at 9:05pm

J-F, and Vicki,

If I may join your discussion concerning Two Pak.  My relative also received an offer from them for Section 156, Block G, WTRR Survey.

They are offering $400 net acre + 1/5 (20%) 3 Year + 2 Year Option.

Is anyone familiar with this area, and is this a good offer? 

Thanks

Comment by Vicki Jacobs Taylor on May 15, 2017 at 2:55pm

thank you so much J-F for the information.! Vicki

Comment by J-F on May 15, 2017 at 2:05pm

Vicki - I am not familiar with Two Pak. Appears to be a holding company affiliated with a few other entities such as Custer and Wright Operating which is a legitimate developer. A search of Gaines county records shows that Two Pak have taken lots of other leases. 

The terms will depend on your area but, as a baseline in Gaines County, even in areas with little activity I would hesitate to accept anything below $500 per net mineral acre and 1/4 royalty on a 3 year lease. In some areas you could get much more. In any case, their first offer isn't their best offer.

Comment by Vicki Jacobs Taylor on May 15, 2017 at 10:29am

We were contacted by Two Pak company out of Midland about leasing our mineral rights? Does anyone know about this company?

 

Members (167)


Pro
 
 
 


© 2017   Created by Kenny DuBose.   Powered by

Badges  |  Report an Issue  |  Terms of Service