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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: 438
Latest Activity: yesterday

Discussion Forum

Reeves County TX Oil & Gas Permits

Started by Reagan "R.T." Dukes. Last reply by Clint Liles on Thursday. 716 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

Pipeline easement

Started by John O'Neil. Last reply by Felicia M. Feb 4. 7 Replies

We have record an offer of $45 per rod for a proposed pipeline across our Reeves county property.Any thoughts on whether this is a fair offer?John O'NeilContinue

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

Started by Liz M. Feb 1. 0 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

WANTED: Any copy of AFE's for OXY horizontal wells in Reeves Co., TX to assess cost of drilling in this area

Started by L. Anderson. Last reply by L. Anderson Feb 1. 2 Replies

I need a few AFE's from the OXY horizontal wells in Reeves Co., TX to compare and assess appx. drilling cost in the area.  Oklahoma through their corporation commission has images of the AFE... the…Continue

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Comment by Buzz Van Meter on Wednesday

$30 oil?  Texas says bring it on

By Ben Karkela || Energy Media Group

2-9-16

http://marcellus.com/news/id/134927/30-oil-texas-says-bring-it-on/

Some parts of the Eagle Ford and Permian Basin are profitable with oil below $30 a barrel, according to analysis by Bloomberg Intelligence.

Wells in DeWitt County can be profitable with benchmark crude at a price as low as $22.52, which is $4 below its lowest price this year.  Crude oil settled at $26.55 on Jan. 20, its weakest price since May 2003.

The reports show seven Texas counties that can break even with oil at or below $30 per barrel: Martin, Midland, Howard, Reeves, Loving, Ward and DeWitt.

Wells that have already been drilled, but not yet hydraulically fractured, can be profitable at even lower prices.  Hydraulic fracturing, or fracking, is the last step before production begins.  In Reeves County, fracking an already-drilled well can be profitable with oil prices hovering near $14 a barrel.

But not all producers can weather the storm.

{more}

Comment by Timothy Terry on Monday

Hello,

I am looking to lease and/or buy 10 acres off a major highway and/or county road for the purpose of possibly obtaining a SWD permit.  Royalties will be paid to the landowner.  Please contact Tim Terry.  512-791-2499 cell/text

Comment by Miss Tanji on Monday

Fred,

I see it now! Thank you so very much! 

Comment by Fred Ribb on Monday

Miss Tanji - scroll up just a little and you will see an advertisement for B E & C. Click on it and you will find Wade Caldwell's phone number.

Comment by Miss Tanji on Monday

Hello, 

I was contacted by landman last week about lease negotiations with Apache. So, just out of curiosity, I googled this landman's name. And it turns out that several years ago he, when he was a Head Landman for a different company, he was convicted of embezzlement. Which spooked me a bit. 

Feeling sort of wary about the situation, I would really like to get into contact with Wade Caldwell. Does anyone know the best way for me to contact him? 

Thanks!  

Comment by Thomas Talbott on February 1, 2016 at 8:53am
We are currently buying and leasing in Reeves county. Please contact me if you are interested in one of the two. 3toilandgas@gmail.com
Comment by Wolfcamp Shale on January 29, 2016 at 9:52am

Luxe Energy acquires acreage in Reeves County and Ward County from Endeavor Energy Resources and Finley Resources : http://www.mrt.com/business/oil/top_stories/article_2ab2f30a-c61d-1...

Comment by Liz M. on January 29, 2016 at 7:57am

I should have added that the yellow areas were Concho's before the trade. The green areas are new Concho areas as a result of the trade with CWEI. If you go to the actual report, linked by Buzz a couple of pages back, you will see that many areas that Concho held before the trade are no longer theirs. IOW, lots of yellow is gone from the Concho maps in exchange for the green. All that acreage must be CWEI's now.

Comment by Liz M. on January 28, 2016 at 1:55pm

Thomas, as far as we know we are still with CWEI. Buzz was kind enough to post a link to a couple of Concho maps that show where the trades were. I pasted the Concho maps over GIS maps - as best as I could, considering the Concho maps were a different scale and pretty crude. I do not guarantee the results, especially towards the edges of the maps, which seem to get more distorted. But many pieces seem to fit pretty well. Anyway, here are the links to the maps. They are also available a page or two back in this thread. We do not show as traded, not surprising because we were never held by Chesapeake.

http://api.ning.com/files/tFu4DrQFBvFdI8y6JiaRsryLlrCLqwGWAR6T*cKoc...

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http://api.ning.com/files/tFu4DrQFBvHjRUCfvjww2X5ZWs91bltRkW0MT61-F...

Comment by Wolfcamp Shale on January 28, 2016 at 1:26pm

Thomas, the drilling permit was issued to Cimarex on 6/28/2014. I could not find any information about a well being spud on DrillingInfo.

The two wells that you are seeing appear to have been drilled in 1953, and the last production was on 4/1/2001. They were being operated by Licon Oil Co. Cumulative oil production was 49,960 bbls. If you have any other questions, feel free to send me a message.

 

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