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Reeves County, TX - Oil & Gas Discussion

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Reeves County, TX - Oil & Gas Discussion

Oil & gas discussion group for those interested in Reeves County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 374
Latest Activity: 3 hours ago

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Reeves County TX Oil & Gas Permits

Started by Reagan "R.T." Dukes. Last reply by Clint Liles yesterday. 528 Replies

Post, discuss and share information related to Reeves County Oil & Gas permits in the replies below.P.S. Thank you to Clint Liles for championing the effort to keep us all up to date. Continue

New Member, AB 2076, BLK 57-3, Sec 36

Started by Ken Thornton. Last reply by Ken Thornton on Monday. 2 Replies

Greetings, a landman from Petrohawk called me one day in August of 2011 looking for heirs of my Grandfather Hicks who died in 1962!  Turns out I have 10 acre share of the 480!  Signed a 3 year lease…Continue

lease bonus

Started by Patsy Read. Last reply by Patsy Read Feb 22. 6 Replies

I have been contacted by Wheat Resources to lease Sec. 38, Blk 52, T7S and would appreciate information on the current average lease bonus for this area.Continue

Royalty and lease information

Started by Rob Matttingly. Last reply by Rob Matttingly Feb 10. 2 Replies

What is the going rate for leases around Block 56-7 section 33 in Reeves County Texas?

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Comment by John Harris 3 hours ago

does anybody know why on my royalty statements from resolute, the prices for all the commodities are significantly lower than the lowest published price for the month. Our lease is for a wellhead price to a disinterested purchaser, without bearing any of the expenses.  

I suspect that they are selling to someone that is calculating those expenses into the price paid - which doesn't effect resolute because of their hedge position for the products. it just makes magt.'s hedger look better.

If they are selling to someone at the discounted price will the state challenge it? 

Comment by Mark Benson 23 hours ago
I will check on it Robin. I think it may be a little far out of the play right now. But I will check. Can you send me the expiration date and the net mineral acres to Mbenson@klamathoil.com?
Comment by RobinLairdBrown yesterday

Expiring.  Mark would you know anything about Section 24, Blk 6 as well?

Comment by Ann Whitchurch yesterday

Liz, CWEI hasn't had any permits on me.  yes, there are permits or wells all around me.  Reminds me, I need to see if I can find production figures for the Gipper & a couple others nearby.

Later.....

Comment by Liz M. yesterday

Ann, you are in a very active area. Don't know why you haven't seen it on your section yet! Don't blame you for turning down $700, even in this economy.

Many of the wells nearest us are almost 5 years old. The company that drilled them - N, NE, E of us - was a real pioneer in this area. There was nothing here at the time. The wells were mostly only so-so; at least one was a dud because of mistakes made. But CWEI has started drilling in other sections south of us in the last year or two and production has been much better. We're still sort of in the wild west though. ;)

Comment by Mark Benson yesterday

T-7 looks good.  Is your acreage expiring or has it already expired?  

Comment by Clint Liles yesterday

Thanks Mark for pointing out the Township thingy in Reeves County.   Sure is a lot of difference in activity in Township 7 and Township 8.   Township 8 is not nearly as active.

Thanks again Mark.

Clint Liles 

Comment by RobinLairdBrown yesterday
Mark it is in T-7
Comment by RobinLairdBrown yesterday
Thank you Liz and Clint. It's nice being able to ask others about the activity taking place!
Comment by Mark Benson yesterday

Clint I think your map shows T7.  We are looking for open or soon expiring acreage in and surrounding area of Block 13. We would certainly like to take a look at the block 52.  Is your block 52 in T7 or T8?  Feel free to contact me directly Robin

 

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