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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: 323
Latest Activity: 4 hours ago

Discussion Forum

Block location

Started by Barbara C. Mallette. Last reply by Linton Tomlin 4 hours ago. 31 Replies

I've been notified that I am heir to some net mineral acres in Reeves County, Texas, Block 56, PSL Survey, Sections 16, 17, 18, 19, and 20. Can anyone tell me where this is? Is there any activity?…Continue

Did I screw up????

Started by susan huerta. Last reply by susan huerta 6 hours ago. 6 Replies

Had a casual verbal agreement with an aquaintance to do some research with Reeves County as to why I have never received tax bill for small acreage I inherited. Without my permission or knowledge,…Continue

Affidavit of Heirship

Started by Barry Manus. Last reply by Wade Caldwell yesterday. 13 Replies

 I am getting ready to file the "Affidavit of Heirship" with the Reevse County Clerk. I have two copies of the certified birth certificates for all three sibling heirs - my brother and sister. I am…Continue

Reeves County Mineral Interests

Started by Robert Millwee. Last reply by Robert Millwee yesterday. 11 Replies

Hi, I have had a couple offers for mineral interests in the following and would like info on what is fair in terms of agreements. Also, is anyone drilling nearby?1. SW/4SW/4 of Section 15, Blk 59,…Continue

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Comment by Lynn Wood yesterday

Mentioned by some is a 3500 foot column of oil bearing strata across much of the Delaware Basin.

I have not had much luck in finding well logs posted on the RRC from current wells. So, I do not have any means of independently verifying claims of 3500 feet of total thickness of all oil bearing strata.

This is an area that is in a boom. The regulatory agencies are swamped, the companies are busy drilling, information delayed is information not so easily available to the competition, so things right now are changing fast and the reporting is way behind.

Comment by Buzz Van Meter yesterday

WoodMac: Wolfcamp spending could surpass that of Bakken by 2017

y OGJ editors

7/29/2014

http://www.ogj.com/articles/2014/07/woodmac-wolfcamp-spending-could...

HOUSTON, July 29--Activity in the Wolfcamp shale is expanding and, by as early as 2017, could overtake the Bakken in tight oil spending, according to analysis on the West Texas-New Mexico play from Wood Mackenzie. Wolfcamp capital expenditures are expected to eclipse $12 billion during this year as rigs ramp up, ranking the Wolfcamp third behind the Bakken and Eagle Ford. That total is equal to about 80% of what will be spent in the Bakken this year. Crude and condensate production from the play is expected to average 200,000 b/d during the year and reach 700,000 b/d by the end of the decade. WoodMac notes that the Wolfcamp is still in its early development phase with less than 10% of total capital spent thus far. The firm increased the play’s capex forecast for 2015 by more than $4.3 billion to $13.9 billion to account for an influx of new entrants with capital. The Wolfcamp is now projected to generate $30 billion in remaining value. Serving as a hub of activity has been the Midland Basin, where an increase in acreage value is being facilitated through advancements in stacked pay development. The Midland outpaces the emerging Delaware Basin because of higher oil cuts, lower well costs, and better supporting infrastructure, WoodMac says, adding that it expects the basin to drive production for the next 2 decades with more than 40,000 remaining locations. However, Benjamin Shattuck, WoodMac upstream analyst, says stakeholders should be cautiously optimistic, “While we have seen performance improve across all benches of the Wolfcamp, we are still waiting for an operator to effectively develop multiple benches over a sizeable acreage position.” WoodMac adds that stacked pay potential has “stoked the flames” of the merger and acquisition market in the Wolfcamp, where the deal market had been dominated by operators making bolt-on acquisitions to grow out positions in established areas.   Later -- Buzz

Comment by Wade Meeker on Monday

at James Fredrick re block 13. We have recieved $3k per acre for our section 221 and are now negotiating $3500 per acre for our section 64. With what's going on with Clayton Williams in this block, I see no reason that we might get even more.

Comment by Wade Meeker on Monday

concerning BHP. per the comment below (RMH), yes the big guys do use acreage to inflate their stock price but I will say I've been visiting with several in the know and BHP is in development mode. They also seem to wait till the last freakin second to send out your option check.

Comment by Dena Johnson on July 22, 2014 at 11:26am

I posted this in Upton County group, but it seems to be less active, any help is appreciated.

My uncle has minerals near McCamey. Is there any leasing in the area? If so, who is active and what is a reasonable bonus? He says he has been contacted, but has nothing in writing. He can't remember who contacted him.
Thanks
Dj

Comment by Marian Gage on July 21, 2014 at 3:31pm

Interesting comment re BHP from Richard below. I have a request. It was my folks and my intention to get to Pecos this year to change the mineral rights from my mother's name into the family trust. Recently my dad has begun to fail...so I know that some of you may be lawyers or know of resources that could help as we are in CA and Texas law is different. If you can help, please email me privately. THANK YOU!

Comment by Richard M. Helmey on July 20, 2014 at 12:22pm
BHP has notified us that they will be excersizing the 2yr option on our parcels in Blk 56, sec 29 & 30. Still waiting for the check, but looks like it will happen. Talked to a friend in the business yesterday - curious why they would take a 2yr option unless they intended to drill in the next 2 yrs. He said that one reason is that they can claim the reserves on their financials even if they don't drill. Otherwise, doesn't seem to make sense to me. So, I suppose the good news is that they believe there are enough reserves to make the lease bonus worth it.
Comment by Ann Whitchurch on July 20, 2014 at 11:16am

Lynn, your explanation makes sense.  Guess I'm glad CWEI is still experimenting before they drill my minerals ;>)

Comment by Lynn Wood on July 19, 2014 at 11:30pm

I am getting to hate spell check changing my words.

a million years ago,  not ahem

Comment by Lynn Wood on July 19, 2014 at 11:28pm

Reply to Ann Whitchurch,

From what I have read about is that CWEI is a little ahead of everyone else in trying and developing new techniques.

They may have drilled the laterals to the take point and then pulverized the area about the take point before micro fracturing along the laterals.

Also, their techniques seem to involve a lot of good field work in assessing the actual and physical structure of the area they are drilling.

i had a minor in geology in college a million years ahem it would be very fun to talk to someone who actually is doing this work BUT I think we won't find out for a good while yet, because folks do have to hold some cards close to the chest to stay in the game.

But I really wish I could be a fly on the wall.

 

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