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Garza County, TX Oil & Gas Discussion

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Garza County, TX Oil & Gas Discussion

Garza County, TX oil & gas discussion group. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 26
Latest Activity: Sep 20, 2017

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Completion Reports

Started by Clint Liles Sep 20, 2017. 0 Replies

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Comment by Clint Liles on November 5, 2014 at 8:25pm

William, Text sent at 8:21 P M..........

Clint Liles

Comment by William Pugh on November 5, 2014 at 7:44pm
Hi Clint, thanks for the info on the recent & past permits, re enters & re completions!!! I have found my grandmas will & all the mineral interests & various counties they are in!, I had no idea that I had inherited all this property!! Damn, I am going to do some serious home work!! I will share it with you & see what you think?? Thanks again for posting the " GIS" map of those leases in Garza county, I have more, quite a bit more in Garza, Dawson, Mitchell , Reagan , crocket & some in irion co. As well as in some east Tx counties as well, quite a bit more in Garza too, some producing now for over 70 yrs !!!?? Something is surely going to " pop"!!?? Well I hope so anyways!, have a good evening!! Best regards!, !!, William " Austin" Pugh, grandson of Nonie Bell & Leland F Long!!...:)
Comment by Carolyn Riley on June 18, 2014 at 9:37am

Will do.  Thanks, Lloyd!

Comment by lloyd gary on June 18, 2014 at 9:29am

Carolyn

you can also go to the mineral help box that is at the top of this page

a drop down box will come up some good info  for you there

Comment by Carolyn Riley on June 18, 2014 at 7:07am

Thanks for the prompt reply, Lloyd.  Yes, we just own the mineral rights.  Your comments about the lease agreement are greatly appreciated!  And I didn't know you could negotiate a mineral lease w/o the seismic option.   I told the landman I would get back to him today...should be an interesting one.

Your response is greatly appreciated!

Comment by lloyd gary on June 17, 2014 at 11:10pm

Carolyn

I know very little about seismic options pros and cons be careful.

the 25 per acre sounds fair ,I guess you are talking about the minerals?

 surface rights are separate ,or you may own both ?

in my opinion the offer to lease is low ,125 to 175 /acre and 20%, 22.5% 0r 25% ri are more in line. Have a lawyer check over the lease agreement before signing .

Most leases are negligible you can counter their 1st offer. 

 some interest is in that area,from what I have heard.

 you may want to negotiate a mineral lease w/o the seismic option.

hope that helps and good luck

Comment by Carolyn Riley on June 17, 2014 at 4:58pm

We've got 247 acres 6 miles NE of Post on the Ralls Hwy. (Hwy. 207)  Inquiry today from Emerald Energy about seismic option of 1 year @ $25/acre; strike offer of $75/acre, 3/16 royalty for 3-year term.  Does this sound about right?

Comment by lloyd gary on June 16, 2014 at 11:11pm

Has anyone heard any info on the State unit 10 #169-34169

Abstract A1221 7 miles sw of post.

Spud date 5-15-14 This is very close to our family's mineral rights on the east of this well.

Comment by lloyd gary on January 14, 2014 at 9:24am

Does anyone know if Apache is renewing any of its leases ,in sw Garza County?  Due to expire in feb. and march?

Comment by lloyd gary on January 9, 2014 at 12:59pm

Ralph

your  section 704 is north of post and east of highway 207

have heard of seismic going on out there north and  ne of post 

I agree with you on the prices hope you get a fair offer

I wondered what happened on the woolam well I watched since it was drilled . strange deal so I guess they are calling it a shut in ?

 

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