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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: 613
Latest Activity: 1 hour ago

Discussion Forum

Title Co in Midlands, Texas for Reeves Co property

Started by Kathleen Leveroni. Last reply by Kathleen Leveroni 1 hour ago. 11 Replies

My sister, niece and I recently leased mineral rights on property in Reeves Co Texas.  I thought we had someone preparing a quit claim deed for my niece to sign transferring her interest to my sister…Continue

Keywords: deed, Quitclaim

For lease: 20 NMA in Sec 117, BLK 13, H&GN, A-501, Reeves

Started by Joe Calaway. Last reply by Scott S Tomlinson Mar 20. 1 Reply

Apache leased in 117, but never contacted us and aren't taking any more acreage, so I'm shopping it around. If anyone can get me to $2500, 1/4, 3yrs, I'm your new best friend. Help!Continue

Cost Basis for Mineral Rights Acquired in 1987

Started by Alan Lattimore. Last reply by Wade Caldwell Mar 17. 2 Replies

For tax purposes, I need to determine the cost basis for Mineral Rights I acquired in 1987. I've had trouble finding the value of comparable properties because online documents don't go that far…Continue

Keywords: basis, cost, landsman

Seeking owner of executory leasing rights

Started by william m. blackburn. Last reply by Dusty Mar 16. 11 Replies

My family has non-executory mineral interests (34.50 NMI)  in Sec. 11, Blk 55, Twnshp 10, T&P RR Co. Survey, Reeves County (Delaware Basin). I am trying to locate owner of executory rights and…Continue

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Comment by Kenneth L. Haag 14 hours ago
Louise, we had Wade Caldwell take care of the ROW negotiations and easement.
Comment by Kenneth L. Haag 14 hours ago
Louise, we are in block 58 north of Toyah and west of you and got $150. Per rod in Dec
Comment by ron dhillon 22 hours ago

Hello Friends  we have couple of parcels in Culberson county  about 620 acres

we like to sell or lease we want to know whats fare and best offer will be in that area thanks Ron

Comment by Steven Davenport on March 22, 2017 at 1:33pm

Hi everyone,

Thanks in part to the advice of people on this forum, my family has recently successfully exempted our 4.4 nma interest from a receivership. The mineral rights are in Reeves County, Section 23, Block C-7, PSL A-5072. The land is currently non-producing.

We have received a letter from the Texas Railroad Commission regarding two separate applications for spacing exception permits for two wells in nearby section (15), less than 8 miles away. Each of the wells are horizontal, to be drilled 13,000 feet. The applicant is the majority owner of our field as well.

I have two questions:

1) would it be in our interest to protest?

2) how does this information affect our negotiations for a lease?

Appreciate any help, Steve

Comment by Louise Welch on March 21, 2017 at 1:55am

Hello, I am wondering if any activity is going on in Block 55, Sec 8, t 4?  I have been off the forum for some time and trying to bring myself up to date. Does anyone know the going rate for a pipeline through your land. What is the appropriate amount of money to ask. Thanks for any and all information

Louise

Comment by M A Smith on March 17, 2017 at 10:38am

Mel -  we are about 2-3 miles west of you.  The generic offer letters frequently quote 10k per nma, but we received a couple of specific offers last year for 25k and 28k per nma just prior to the operator drilling two wells on the unit.  Based on figures from the investor presentation, the NPV per nma (assuming leased with 25% royalty) in the unit should be about 50k at $50 WTI so the offer was at about 50-60% of the estimated NPV.  This results in this area have been quite good.

Comment by Mel Gierhart on March 17, 2017 at 10:14am

Thanks Paul.

Comment by paul marmaduke tibbits on March 17, 2017 at 9:44am

blk 2, sect. 31 10,500---11,000

paul

Comment by Mel Gierhart on March 16, 2017 at 11:36am

Does anyone have any idea of the price/acre to sell minerals in block 2 Reeves Co?  I am NOT interested in selling our minerals, just trying to get a grip these offers going out. 

Comment by John Everett Fine on March 13, 2017 at 8:52pm

The latest completion filed by Apache with the RRC is only 8 miles south of our property currently leased by Apache. The potential is 6744 mcf/day gas and 72 bbls/day oil. Permit filed back in June 2016, completion report filed last week. The Alpine High new field discovery hearing is pending. Just got a call yesterday they are running a survey of our section. (sec 8 Blk 55 T&P).

 

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