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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: 365
Latest Activity: yesterday

Discussion Forum

Reeves County TX Oil & Gas Permits

Started by Reagan "R.T." Dukes. Last reply by Clint Liles yesterday. 486 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

Water linear lines laid across your property. Price per linear rod in Revees county

Started by Louise Welch. Last reply by John J. Sexton on Saturday. 7 Replies

Could someone tell me the normal rate for laying water pipes on top of your land for linear rods? Would it cost more for 4 movable pipes or would it be the same as 2 water pipes? Would it be more for…Continue

ONEOK Westex Transmission, LLC

Started by Marietta Sironen. Last reply by fred klein Dec 6. 1 Reply

This company contacted me for permission to survey my land for a gas line.  The papers sent with the permission slip state that they have the power of eminent domain.  I do not have the mineral…Continue

Deepest productive horizon in Reeves County?

Started by Patrick. Last reply by Patrick Dec 4. 5 Replies

hello. i own an overriding royalty interest with rights down to 11,700'.  i've done some research and it seems that most wells in Reeves are being drilled to 'total depth' of around 14,000'.  i…Continue

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Comment by Ann Whitchurch on Sunday

I agree with ya Billy.

Comment by Billy R. Simpson on Sunday

I think the OPEC countries want the US to be dependent on them so we will protect them from the bad guys.

Comment by Sarah Moran on Saturday
Prior to OPEC, world oil production was regulated by the Texas Railroad Commission. The exporters got tired of politicians in Texas telling them what to do (though not all followed the RRC guidelines) and formed OPEC and set their own rules. Here we are nearly forty years later and it's starting to look like everybody needs to agree to production quotas for everyone to stay economically viable. I see in six months to two years the policy and business people sitting down and doing what the RRC used to...set a quota, no one goes over and while no one country gets uber-rich off exports....we all get a piece of a very lucrative pie. Or everyone can play chicken until their governments can't pay the bills and new politicians are voted in, or in the case of the Arab states...families are thrown out of power.
We shall see. But our mutual interests, for all oil producing countries, lies in cooperation.
Comment by Mark Neely on Saturday

Whoa, there.  Oil is a commodity and market prices go up and down - always have and always will.  Why would we expect OPEC to voluntarily cut production?  Are we?

Comment by Billy R. Simpson on Saturday

American energy independence is laying on the sacrificial altar of Russian sanctions, singing its death chant, meanwhile OPEC is dancing around the altar singing (stupid Americans)

Comment by Billy R. Simpson on Saturday

the last time this happened I have a friend who bought ten barrel wells from Texaco for the salvage value.

Comment by Billy R. Simpson on Saturday

I think lease rates will be minimal if at all. riggs will shut down and employees will be laid off probably be years before this shakes out, by then there will be no roughnecks to work the riggs and the equipment will be sold for scrap just like the last oil bust.

Comment by John Harris on Saturday

I'm afraid current prices will hurt lease bonuses ~i have a lease expiring in January ~

Comment by Billy R. Simpson on Saturday

I am afraid current oil price drop is really going to hurt oil production in Reeves County.

Comment by E M on December 11, 2014 at 11:19am

Thank you, Wade, and everyone who has provided information for all of us. I am still watching for information about section 183, block 1, where we have 20 nonparticipating mineral acres.  

 

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