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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: 750
Latest Activity: 19 hours ago

Discussion Forum

Reeves County Purchase Activity

Started by John Patton. Last reply by Steve B 19 hours ago. 10 Replies

We own mineral interests in Section 25, Block C-17, PSL. We leased last year for $4,500/acre. We have a total of a little over 20 acres. There seems to be some interest now from different parties to…Continue

Lease signed with BHP Billiton Petroleum Co for 5000.00 pnma 9-2016

Started by Rick. Last reply by Rick yesterday. 14 Replies

Hi everyone,Just to keep everyone informed of lease bonuses in Reeves County I wanted to post that we signed with BHP Billiton in September the following land:W/2 of the E/2 of Section 28, Block 57,…Continue

Courthousedirect.com/Leases for Reeves County, Texas

Started by Clint Liles. Last reply by Rick on Tuesday. 1 Reply

February 19, 2018…Continue

Courthousedirect.com/leases for Reeves County, Texas

Started by Clint Liles on Saturday. 0 Replies

February 17, 2018…Continue

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Comment by Robert F. Seiler on October 12, 2017 at 8:28am

Number of drilling locations continues to grow for Apache's Alpine High play - up to 1000 locations for dry gas, 3500 for wet gas and 500 for oil.  

ApacheTalliesPlethoraOfAlpineHighTargets_10-10-17.pdf

Comment by Lawrence Rayburn on October 9, 2017 at 11:04am

South of the Border, Down Mexico Way mex1 Devon who bought Mitchell Energy, is moving to develop similar stacked shale plays in basins in Mexico.   The map is incomplete, but the same formations in the

southern and western Delaware basin continue across the Rio Grand

river and there is tremendous potential reserves in Mexico.  Devon is betting the currency conversion rate between Mexico and the USA will make operations in Mexico cheaper by a factor of 20 and the profit margin increased by a factor of 10 while keeping the money in the western hemisphere, north American  shield. 

Development in Reeves county is paving the way for Devon and others to

develop the Mexico extension of the stacked shale play formations. 

ol' Lawrence near Verhalen 

South of the Border, Down Mexico Way

mex1

Comment by Charles Emery Tooke III on October 2, 2017 at 8:05pm

Hey, Wiley Fires! 

Absolutely love your name. Would love to learn more about it's origin.

 

Craig Ronhovde's Reeves County Discussion Group has been a favorite on The Mineral Rights Forum for some time now.  But sometimes, when people get off on one tangent or another, the lines of discussion get so convoluted and confusing that some peoples' requests for information or input get lost. 

I can't fix that, but I noticed your inquiry for information about what might be happening around your acreage in the SW/4 of Section 295, Block 13. 

Please see the link below. 

If you will notice, the Clayton Williams Energy, Inc (CWEI) Trust State 242 No. 1H, in Section 242, just to the West of your Section 295, came in at 781 BO / 613 MCF per day. 

Pretty impressive, but it also came in producing 1,944 Barrels of Water per Day... 

And, after only 3 months of production, it has dropped from a high of 506 BO / 640 MCF per day to 242 BO / 294 MCF per day in a single month. Still impressive, but all with no monthly reporting of how much Water per day. 

WILEY%20FIRES%2C%20REEVES%20CO%2C%20TX.pdf

Others on The Forum might disagree, but you may be in an area where the wells might potentially "Water Out" within a matter of years or even only a number of months. 

If you have any offers that are fairly substantial, you may want to consider accepting one. 

"Cash Cow Out", so to speak... 

Just an observation or two - 

Comment by Charles Emery Tooke III on October 2, 2017 at 6:58pm

JT, that looks like one of Clint Liles' maps from the RRC Website. 

Comment by JT on October 2, 2017 at 6:20pm

Lawrence no its not but thanks I did see this one however. 

@William Rogers..., would love to hear your take on "pooling"... 

Comment by Lawrence Rayburn on October 2, 2017 at 6:10pm

JT........Is this it? 

http://navoilandminerals.com/Reference/Reeves%20County%20-%20Sarago...

ol' Lawrence near Verhalen 

Comment by William Rogers on October 2, 2017 at 5:55pm

I actually received my first Royalty check. It was for June and July. There are two producing wells. One is doing well. The other is really producing. The numbers are hard to grasp. The unit price was around $43 per. They provided a sheet showing all the numbers and the taxes paid for the two wells. My "Interest"  is very small. Less than 1 acre. I guess "Pooling" works very well. This whole "Oil" thing is brand new for me.

Comment by JT on October 2, 2017 at 5:52pm

I believe someone here provided a link to this website that I screen grabbed this image from. I can now not find the link. Would anyone know it? THNX! Block13.png

Comment by Wiley Fires on October 2, 2017 at 5:03pm

Hi everyone.. I own the surface and 1/2 minerals in SW quarter of section 295 block 13.  Does anyone own any of the rest of it or know if anything is planned for that section..I am getting several offers to buy it.  It is not for sale but hoping someone knows something I don't.  I have 2 more years left on the current lease.

Comment by Kenneth L. Haag on October 2, 2017 at 2:41pm
Louise Welch,
Wade Caldwell negotiated more money and language for the pipeline that was installed on our Block 58 sec 15 a year and a half ago . I believe it was more $$ than the U.T. lands rate schedule.
 

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