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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: 384
Latest Activity: 16 minutes ago

Discussion Forum

Reeves County TX Oil & Gas Permits

Started by Reagan "R.T." Dukes. Last reply by Clint Liles 16 minutes ago. 573 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

Does anyone know the going rate for a company to lay an underground pipeline.

Started by Louise Welch. Last reply by DCole May 17. 15 Replies

Does anyone know the price for a company to lay an underground pipeline on my land? Have a company that I have never heard of and also using another company to contact me. They even sent a contract…Continue

Lease bonus and terms for Reeves County, Section 48

Started by Jake Norton. Last reply by Jake Norton May 14. 14 Replies

Hello,I have been offered a lease for some property in Reeves (section 48, Block 56) by R&J Graham. They're offering $800/acre for a 3-year term, with option to extend for another 2 years at the…Continue

Keywords: terms, lease, county, reeves

Lease offer, Section 1, Block C-21, PSL, Reeves County

Started by Michael Frazee. Last reply by Michael Frazee May 14. 2 Replies

We have been contacted by a landman with an offer of $2000/NMA, 25% royalty, 3 year oil and gas lease. Our family has inherited mineral rights on 20 acres of a 520 acre tract of Section 1, Block…Continue

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Comment by Ann Whitchurch on May 18, 2015 at 7:31pm

Yeah, Wade, it's the pits with CWEI.  My 3 yr lease up in Oct.  They have not gotten any permits for our section.

Comment by Stephen Long on May 17, 2015 at 10:03pm
Concho is only a couple of miles to our east. I so dearly wish that they become interested in acreage to their west.
Comment by Wade Caldwell on May 17, 2015 at 4:20pm
CWEI is more prone to low ball offers, especially where they have a strong acreage position and no other bidders. This is not as common with other operators.
Comment by Stephen Long on May 15, 2015 at 9:23am
You are probably correct.....but I felt the need to vent. Time will tell. I did notice a rig was just to the southeast of 300 recently, so hopefully a good result and some momentum.
Comment by Liz M. on May 15, 2015 at 7:50am

Stephen, I'd like to say "Nuts!" to CW but they have most of the area around us - but just as important (I think), they have the pipelines that are nearest us. In fact, they've been laying those pipelines aiming in our direction for a couple of years. We are not in the sweetest of spots and are not as hot as some other areas so I think that it's going to end up being CW for us. Best wishes for those of you who are in hotter areas with more players though!

Comment by Stephen Long on May 14, 2015 at 10:23pm
Hopefully Concho will be interested in the acreage that is just to their west, 25 miles or so southeast of Pecos....or others, for that matter.
Comment by Ann Whitchurch on May 14, 2015 at 10:14pm

THANK YOU, William!

Comment by Ann Whitchurch on May 14, 2015 at 10:13pm

Stephen, my 3 year lease is up in October.

Comment by Michael Shawn Allen on May 14, 2015 at 9:10pm
This is great feedback. Appreciate everyone's valuable input. I'll keep everyone posted with what other offers we might get coming our way.
Comment by Stephen Long on May 14, 2015 at 8:50pm
The heck with Clayton Williams!

I've had a tract with him for four years in Blk 13. They are avoiding drilling and are anything but reasonable, IMHO.

I will not release to them next year when our lease comes up.
 

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