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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: 506
Latest Activity: 8 hours ago

Discussion Forum

Any leasing happening in the area of Block 55, TWP 7?

Started by Liz M.. Last reply by Liz M. 17 hours ago. 3 Replies

Has anyone in that general area had leasing inquiries lately? We have interests in Sec. 16 of that block (A-5303). I know that there was some interest in the general area a year or two ago - a couple…Continue

Reeves County TX Oil & Gas Permits

Started by Reagan "R.T." Dukes. Last reply by Clint Liles on Saturday. 868 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

Lease rates and offers in Reeves County, TX

Started by Reagan "R.T." Dukes. Last reply by Jimmy Wright on Thursday. 866 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

RECEIVERSHIP

Started by Judy Kemp. Last reply by Eva Nickell Powers Aug 19. 1 Reply

I was contacted a few months ago about a partial of land bought by my step-grandfather in 1920. The landman who contacted me wanted to buy it.I was told by the landman that there were 3 wells on the…Continue

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Comment by r w kennedy 8 hours ago

Marian, that is sale language. $10,000 per acre if you are leased at 1/4.

If you had a 1/6 royalty (.1667) they would proportionately pay you in the $6,600 range per acre. If they thought they would be able to lease the acres they bought from you in the future, you can subtract future lease bonus from the purchase price and figure out what they are really paying for your acreage. You should also be mindful of the tax on the sale.

If they buy your acres for lets say $100,000 and you have to pay 15% capital gains tax, you would net only $85,000 after the government gets their cut.

Good luck whatever you decide.

Comment by JM Wilson 9 hours ago
Comment by JM Wilson 12 hours ago
Thanks Wade

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Comment by Wade Caldwell 18 hours ago

More press explaining the recent run up in bonus prices. I would estimate a 50% increase in average bonuses in the last 90-120 days. Similar articles in the WSJ and other publications.

https://www.bloomberg.com/gadfly/articles/2016-08-26/blackstone-per...

Comment by MARIAN E TIBBITS on Friday

Thank You Craig  

Comment by Craig Ronhovde on Friday

Marian, I can recommend Wade Caldwell also.  He does a lot of mineral leases, is great to work with and his fees seemed reasonable to me.  You definitely should work through an attorney.  You wouldn't want to accidently sell minerals instead of lease them!  Good luck.

Comment by MARIAN E TIBBITS on Friday

Your so right Saul.  We kind of felt with this offer having an expiration date of 9/1/16 that they were trying to rush us.   

Thank you for the recommendation Liz, Saul, and Eric.

Comment by Liz M. on Friday

Wade did a very good job for us as well as a number of other members in this group. Highly recommend him.

Comment by Saul on Friday

if even he gets it a quick run through, that itself makes a HUGE difference (and assurance).

Comment by MARIAN E TIBBITS on Friday

We thought our best route would be through a lawyer.

 

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