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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: 701
Latest Activity: 4 hours ago

Discussion Forum

Reeves County Mineral Lease offered

Started by Sharon Rutan. Last reply by Sharon Rutan 4 hours ago. 4 Replies

 My three brothers and I each own .8333333 net mineral acres in SE/4 of Section 136, Block 13, H&GN RR Survey.  We have been contacted and made a proposal to lease the mineral rights that we…Continue

Section 277 Block 13 Pecos Texas -Any drilling in the area?

Started by Zenia Gilmore. Last reply by Charles Emery Tooke III Sep 12. 4 Replies

Are there any drilling in the area?Continue

How to find drilling information on property south of Pecos, just west of Hwy 285

Started by Kathleen Leveroni. Last reply by Kathleen Leveroni Sep 7. 2 Replies

My sister and I both own property (both surface rights and mineral and gas rights) in the s/w 4 of the S/W 4 of Section 14, Block 5, H & GN.  We leased for three years in February of 2017.  I…Continue

Lease rates and offers in Reeves County, TX

Started by Reagan "R.T." Dukes. Last reply by Travis Rall Sep 5. 965 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 Kathleen Leveroni 5 hours ago

I'm in the SW4 of the S/w 4 of Section 14, Block 5, H & GN.  I understand we are in the Hollywood Unit 1406H.  Evidently there are currently two wells being drilled (?) or preparing to drill.  I'm in Idaho so have never seen the property.  Had a young woman call about two weeks ago to verify heirship information for one of my grandfather's siblings.  I do alot of genealogy research, so usually if a landman needs info, I'm the one they call regarding this 40 acres.  COG is the operator.

Comment by Charles Emery Tooke III 5 hours ago

Where are your properties?  Has anybody looked your area up for you yet? 

Comment by Kathleen Leveroni 6 hours ago

Would just like to get enough to assist the kids and grandkids!  I think it was courageous of my mom and dad to not sell the property when there were many times they could have sure used the cash.  And I know for sure my grandparents could have used the money.  For us, at this time, it's simply one of those wonderful things the old folks (listen to me say that when I'm in my 70's!) did that we are still enjoying!

Comment by Lawrence Rayburn 6 hours ago

I hope not. I hope you get enough royalties to build an alabaster mansion for you and your family.

ol' Lawrence near Verhalen

Comment by Charles Emery Tooke III 6 hours ago

I hope the Wells burn your barn down! 

Comment by Kathleen Leveroni 6 hours ago

No results yet as far as I know, but I only have 2 acres (surface and mineral) of the 40 original acres.  We leased in February .  Ended up with $12,000 for a 3 year lease and I understand they are placing equipment to drill.  Two permits taken out.  Now we say to our kids and grandkids, "wait until the oil well comes in!"  Apparently we will know before too very long if it is going to be worth it or not, but at any rate, it's been fun to get a new education and speak to cousins I never knew I had!  Great experience with, hopefully, some type of financial gain!

Comment by Charles Emery Tooke III 6 hours ago

Great story, Kathleen!  What happened? 

Comment by Kathleen Leveroni 6 hours ago

Thanks for the reply...I'm learning lots by following this forum and have to admit I'm gradually catching on to much of the discussions.  My great grandfather bought our property in 1917 (100 years now) and when I was a child and asked my parents for something, Dad always said, "wait until the oil well comes in!"  We thought it was a joke until after my dad's death and my mother received her first offer to lease in 2008.  Since then it was been a roller coaster worth buying a ticket to ride.

Comment by Lawrence Rayburn 7 hours ago

It's alright, Kathleen.  We are BOTH right, but TennisDaze never worked in the field 40 years ago testing wells each month and keeping paper records.

He is a product of modern day technology and operating methods.  

Just be assured the major operators are meticulous about accurate reporting of gas, oil, and produced water totals from each formation, whether the well is commingled downhole or on the surface....and they have lots of 'experts' watching the production trends and comparing them to computer projections. 

I didn't mean to confuse you or upset you.  My apologies, I'm kind of old and hard headed.  

ol' Lawrence near Verhalen 

Comment by Kathleen Leveroni 7 hours ago

Gentlemen,  it is interesting to hear different points of view for sure, but as a layperson, it is very hard to decide who is right and who is not!  It appears that perhaps there is correct information in each comment but for a novice it is very confusing.

 

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