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Lubbock County, TX - Oil & Gas Discussion
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Oil & gas discussion group for those interested in Lubbock County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
Members: 68
Latest Activity: on Sunday
Discussion Forum
Lubbock County, TX Oil & Gas Mineral Lease Rates & Bonus
Started by Reagan "R.T." Dukes. Last reply by Dena Johnson Mar 24. 1 Reply 0 Likes
Reply with your experience in oil leases in Lubbock County, TX. Leasing has really picked up. Share what you were offered for lease term, bonus, % royalty, where, and net mineral acres or some idea…Continue
Keywords: royalty rates, lease offers, lease rates, lubbock county tx
Landman Needed
Started by Michael Burns. Last reply by Michael Burns Jan 25. 5 Replies 0 Likes
I am searching for a landman that is located in Lubbock County. Any leads would be greatly appreciated. I have searched linkedin and several other areas and all of the individuals listed weren't…Continue
New Horizontal Well Near Abernathy
Started by Stephen Long. Last reply by J J Crossin Dec 24, 2012. 26 Replies 0 Likes
New permit to drill a well 2.5 miles southwest of Abernathy by Four Seasons.They are the same company that has drilled the well east of Lubbock airport.It is getting VERY interesting, IMO.Continue
Sec. 51 Lubbock County
Started by Thomas Shofner. Last reply by Jerry Lobdill Dec 24, 2012. 1 Reply 0 Likes
I have learned that an elderly relative owns mineral rights in Lubbock County. The family had farms near Shallowater. Can anyone help me identify which place this is? Is development expected or…Continue
Comment Wall
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Comment by e dubose on May 5, 2013 at 4:12am -
four sevens may be a re start because of time limits anyone know anything else
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Comment by larry langford on May 2, 2013 at 1:25pm -
Four Sevens has recieved a permit to reenter the Teal Unit west of Idalou.
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Comment by Steve Brock on April 25, 2013 at 12:21am
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Phil - thanks for the info. Looks like we may finally have real numbers for some of the Enduro wells before long.
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Comment by Phil Harrist on April 24, 2013 at 11:47pm
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Sorry for the typo. Its 646 barrels
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Comment by Phil Harrist on April 24, 2013 at 11:41pm
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b rieger
There are 626 barrels in an acre inch of water. A regular sized pivot sprinkler covers 120 acres so a one inch application would be about 77,500 barrels. AT 50 cents/ Bbl = $38,750
A one inch application might produce 50 lbs cotton @ 1.00 if all goes well. So 120 Acres x 50 = $6,000
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Comment by Phil Harrist on April 24, 2013 at 10:09pm
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Steve
So far the Price and Wuensche locations are only permits. No pad construction. There was a new water well on the corner of the Wuensche place a few months ago but I don't know if Wuensche or Enduro drilled it.
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Comment by Steve Brock on April 24, 2013 at 12:30pm
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Good to hear about the Enduro Preston well in addition to Ratliff. Has there been any activity on the other two permits in Lubbock Cty that Enduro got about the same time - Price and Wuensche? Price is southeast of University and FM 1585. Wuensche is near FM 41, south and a bit west of Ratliff.
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Comment by b rieger on April 24, 2013 at 10:08am
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Larry, yes it is the Preston unit instead of the Price. Thanks I'm hearing that the Ratliff and Preston are good wells.
Phil thanks for the information on water. The latest price we had heard was 50cents barrel. Just seems to me to be inexpensive water.
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Comment by Phil Harrist on April 23, 2013 at 9:57pm
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b rieger,
The price of water seems very negotiable because I have heard a wide range of numbers. Specifically, I know of a landowner in eastern Lubbock county that sold water at 40 cents / barrel late last year.
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Comment by Phil Harrist on April 23, 2013 at 9:27pm
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Last Friday I saw a coiled tubing rig at the Preston site and the same equipment on Monday at the Ratliff. Since both have been hydro-fracked, I think that means they were drilling out the fracking plugs. If someone has a better (or correct) interpretation please pitch in.
The Preston is on what would be west 34th street one mile east of the county line
The Ratliff is at Milwaukee and Woodrow Road
The Price permit is south of FM 1585 and east of University
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