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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: 518
Latest Activity: 5 hours ago

Discussion Forum

Reeves County TX Oil & Gas Permits

Started by Reagan "R.T." Dukes. Last reply by Clint Liles 5 hours ago. 888 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

Surface use/lease agreement

Started by Mel Gierhart. Last reply by TennisDaze 9 hours ago. 1 Reply

Family estate has been approached about a possible surface use agreement in block 2 of Reeves County. We would like some help on the going rates for: price/acre for surface lease/usage along with…Continue

new "lease" on producing property

Started by mick h. Last reply by John Graves yesterday. 10 Replies

Hi,We have acreage with a current lease and a well nearing completion. I just received this offer that I am pretty sure I understand, but wanted more expert opinion, as well as offer a cautionary…Continue

Delaware Basin Resources issues

Started by Audrey Ecklund. Last reply by Audrey Ecklund Sep 17. 11 Replies

I have been dealing with Delaware Basin Resources since 2014 to correct division orders  with the correct royalty interest.  What recourse do I have to get the back payment with interest that is…Continue

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Comment by Clint Liles 11 hours ago

Robert,

After checking the GIS Map System I see several permitted locations by Cimarex about 6 miles to the North and Northeast of your minerals. Also numerous producing wells in that vicinity.   To the South of your minerals I see several horizontal gas wells drilled by Petro-Hunt, LLC and are being operated by COG Operating.   I see no activity now or in the past in your area by Cimarex.   There could be some leasing in your area that I am not aware of.

GIS Map of Reeves County A-3460 and surrounding area:

CLICK ON MAP TO ENLARGE

Clint Liles

Comment by Robert E Sullivan 15 hours ago

Any word on Cimarex in Reeves county?  We have an interest in AB 3460

BLK 58  SEC 19  PSLW/4

Any insight would be appreciated

Thanks!

Comment by John Graves yesterday

Would just like to say, never sign a three lease with a two year option. What you would be signing is in reality a five year lease. Keep it at three years.

Comment by John Leslie Hancock on Thursday
Mike Brewer, this is Leslie Hancock, and I have been trying to get in touch with you about this offer we received from Mitchell Pet.
I sent you a friend request on this forum so we can talk. I also sent you an email to the address I had for you M11......@gmail.com. Is that still your email address?
Thanks,
Leslie
Comment by Kerry on Thursday
I think this may be of some interest
Deals with production values over the few years.

https://shaleprofile.com/index.php/2016/09/02/permian-update-until-...
Comment by TennisDaze on September 14, 2016 at 10:36pm

Where are your minerals?  This is an agent representing an oil company.  Do not accept less than 25% royalty as that is standard in Reeves County.  If you agree to option, ask for at least double bonus to cover increases in future rates.

Comment by mike brewer on September 14, 2016 at 10:14pm

Have an offer from Mitchell Petroleum,Land Services, INC....Fort Worth, TX for Oil and GAs lease, $1000 per acres with 20% royalty for 3 yr lease with 2 year lease extention....does anyone have any experience or knowledge about this company? Because verbally they offered 25% and in writing offered 20%

Comment by TennisDaze on September 11, 2016 at 9:36am

If the pipeline is related to a well on the mineral classified tract, then the State receives 1/2 of the ROW payment.  You can think of this as quid pro quo for getting 1/2 of royaltues.  If the pipeline is unrelated, then you get 100%.   Same for other payments such as well pad damages.  If in doubt, call Drew Reid at GLO.

Comment by Kenneth L. Haag on September 11, 2016 at 8:59am
Ignore my question on "would the State get 1/2 of a pipeline easement" we own the surface so the State would not. They get 1/2 of minerals since this is mineral classified land
Comment by Kenneth L. Haag on September 10, 2016 at 11:51pm

so our mineral classified land would fall under the base rates for pipelines under NON-university, correct? We lease under the Relinquishment Act and the State gets 1/2.  Would the State get 1/2 with a pipeline easement contract?  

 

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