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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: 738
Latest Activity: 16 hours ago

Discussion Forum

Reeves County TX Oil & Gas Permits

Started by Reagan "R.T." Dukes. Last reply by Clint Liles on Thursday. 974 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

1945 GLO Map

Started by Linton Tomlin. Last reply by Linton Tomlin on Wednesday. 4 Replies

Hi, Everyone.  I am posting the link below for all to use.  It's been very helpful to me.  I hope this helps others.  I've had people ask me where the Interstate is.  The Interstate wasn't around in…Continue

Activity on Red Unit 136,137 Lease

Started by Stan Mitchell. Last reply by Stan Mitchell on Monday. 21 Replies

Just curious if Cactus 133 rig is still setting on pad, supposedly has a move off date of 12/2. The drill site is 1 Mile west of Texas 17 on FM 3334. According to Primexx pumper, fracking is to begin…Continue

Lease rates and offers in Reeves County, TX

Started by Reagan "R.T." Dukes. Last reply by SouthTex on Monday. 993 Replies

Use this post to share and discuss your lease offers.  The more we know about what is being offered the better decisions we'll all make.  Share your bonus, royalty rate, and any other provisions you…Continue

Keywords: lease bonus, lease rates, lease offers, royalty rate, Reeves County TX

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Comment by Lawrence Rayburn 16 hours ago
Double K Drilling acquires Desta Drilling from Noble Energy
Double K Drilling of Jacksboro has acquired Desta Drilling from Houston-based Noble Energy. The Midland Reporter Telegram said the acquisition quadrupled the fleet of Double K to 20 rigs by adding Desta’s 15 rigs. Kirk Wade, vice president at Double K, said the acquisition also included Desta’s building, shop, 28 acres of land, and equipment such as pumps, drill pipe and blowout preventers. (Read more...)
////////////////////////////////////
I noticed Clayton Williams kept a few of those Chinese shallow drilling
rigs because he has one now drilling on the south side of Interstate 10
west of Fort Stockton where he owns the land around Belden prison farm. He owns that whole Belden valley with the pecan orchards and farms.
Haven't seen where he is going to continue drilling under a new company name in Reeves county yet....but I know he has landmen
scouting in Culberson county.
ol' Lawrence in Verhalen
Comment by Robert E Sullivan yesterday

M.A. Smith-  I'll be happy to share the info via message.  

Comment by Linton Tomlin yesterday

Lawrence, I had the same thing happen to me.  I posted some pictures and they just disappeared, never posted.

Comment by Lawrence Rayburn yesterday

Louise,

Tried to send you a reply about your frac water sales water well on your
page....but it never printed there. Call me at my home number and I'll tell you what I tried to send you.

ol' Lawrence in Verhalen

Comment by Louise Welch on Thursday

Does anyone know the going rate for water for the oil companies? I am interested in having a water well drilled but don't know what the rate per barrel is at this time. I would appreciate all assistance in this matter. Needing all the help I can get.

Thanks;

Louise

Comment by M A Smith on Monday

Robert Sullivan -- We have 1200 nma unleased in Block 59 about 3 miles west-southwest of your tract in Block 58.  Which company leased your acreage.  And, if you don't mind, for how much per nma. 

Comment by Michael T. Vinson on Monday

TennisDaze,
Thank you. I will certainly dig into what they have. Ron “Sickem” Nickum- I did some land work for him several years ago when I lived in the panhandle.
Thanks again.
Mike

Comment by TennisDaze on Monday

Mike,  Allocation wells is a very hot topic at legal seminars as everyone agrees that there is no definitive law on this subject.  John McFarland at Graves Daugherty law firm has spoken against allocation wells on the panels at the seminars.  There is a good article by Ronald Nickum taking the position against allocation wells.  Here is a link to John McFarland's lawyer blog on this topic.

https://www.oilandgaslawyerblog.com/2016/07/debate-allocation-wells...

Comment by TennisDaze on Monday

You need to post all of the related terms in you lease to get feedback.  Be careful that there may be more than one related paragraph.  The words net proceeds would be after all kinds of costs.  The question of market value depends on the other language in the sentence and paragraph.  Is there any difference between the wording related to gas vs oil?  Market value will not be purely WTI as there are other factors.  Does the lease specify where the market value is determined - at the wellhead or at the point of sale by the operator or point of sale be an affiliate?

Comment by John Harris on Monday

Does anyone know ??..... my lease says that I am to be paid 25% of the net proceeds of the sale or the market value thereof which ever is higher, all free of all cost and expenses, 

does that mean I am to be paid the posted WTI price or the discounted price the oil co. says the pipeline pays them.  there seems to be quite a difference.

 

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