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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: 370
Latest Activity: on Wednesday

Discussion Forum

Reeves Block C-17, advise please

Started by Karen A.. Last reply by Buzz Van Meter on Wednesday. 4 Replies

I am glad that I have found your group and see people who are in the same situation as myself, looking for advise and answers.Our family received an offer for purchase of mineral rights in Sect 16,…Continue

Reeves County TX Oil & Gas Permits

Started by Reagan "R.T." Dukes. Last reply by Clint Liles on Tuesday. 509 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

Easement pricing for piping to cross my land

Started by John J. Sexton. Last reply by John J. Sexton Jan 21. 4 Replies

I have been asked to give an easement across my land in Reeves County.  They would like to cross the land a length of about 3080 feet or 184 rods.  What is the going rate for this type of easement…Continue

Salt water well

Started by John J. Sexton. Last reply by Ria Rolwing Jan 20. 1 Reply

I have been contacted about a salt water well to be placed on my land in Reeves County.  I have 160 acres with one well on site.  What are pros and cons of this type well.  What do you watch out for?…Continue

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Comment by Buddy Cotten on Tuesday

The best solution is to insert a lease clause that states that the execution of a division order is not a pre-requisite for the disbursement of royalties.

Also, at Sec 91.402 (c), et seq of VCS is a form division order that meets the Texas statutory division order requirements. Texas courts have consistently held that the execution of a division order does not change nor modify the terms of the oil and gas lease.

Best,

Buddy Cotten
Mineral Manager

Comment by Stephen Long on Monday

Great advice, thanks!

Comment by Mike Miller on Monday

Stephen,

Be sure to read the Division Order real close, as this is where some operators have an opportunity to make changes from areas of concern from the original lease language. Most especially the post production costs and where the commodities are priced (ie: mouth of the well).

Comment by Stephen Long on Saturday
Thank you, Linton. And the best to you and for that matter all on this site.

Better days ahead!
Comment by Linton Tomlin on Saturday
Stephen, I often rush to read your posts because you generally have such an upbeat attitude. I do hope, as your landman said, it is not only pretty good, but turns out to be exceptional! Linton
Comment by Stephen Long on January 23, 2015 at 10:42pm
I have a position under a section south of Pecos. We have two vertical wells that we're drilled by the original operator a couple of years ago. As of April in 2013, the lease was sold and finally they drilled a HZ well after a couple of delays. The rig was moved off around October 8th. According to their landman today they had first production on December 8th and they subsequently have the right to distribute first runs 120 days after the first of the month following first production. Also I should be looking for new division orders.

This well was drilled after a couple of delays and has seriously been negatively due to price changes.

First production on December 8th and first run by April? All from a well drilled in September and early October, when prices were a lot better.

Not feeling so good, except for the fact that the company landman was nice enough to say that the well looked pretty good.
Comment by Ann Whitchurch on January 23, 2015 at 3:11pm

I don't have any Reeves County production yet - am under lease with Clayton Williams Energy and don't know if they'll drill or not considering oil prices.

Anyway, in Wise County, TX  Devon is paying me by the barrel so I don't know what is reasonable for plant products mcfs. Sounds low to me too.

Comment by Ann Whitchurch on January 23, 2015 at 3:08pm

Does it show a BTU factor?

Comment by John Harris on January 23, 2015 at 2:47pm

seems to be a very low price even with today's prices  

Comment by John Harris on January 23, 2015 at 2:38pm
it says it is MCF quantity
 

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