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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 Lynn Wood yesterday

Sections 265 and 266 have seen lease extension bonuses of 10k and 12k

a nominal mineral acre., this last year in 2017. You are a little west of there by three or so miles.

Read over the postings on this site. You should get a good idea. Also I would recommend that you have an attorney negotiate and review the lease as this is a multilayer oil field, meaning different wells could be drilling different levels. or different companies could be paying for the different horizontal wells drilled out from a common drilling platform.

Good Luck

Comment by James P. Morrison yesterday

My Family has minerals in Sec. 207, Blk. 13, H&GN, Reeves County, TX

Does anyone have information on the best lease rates in this area? Thank You

Comment by Lawrence Rayburn yesterday

Exxon is a major player in one of the hottest oil plays in the world right now: the Permian Basin.

Right now, nearly 3 million barrels of oil is extracted from the Permian Basin on a daily basis, making up almost one-third of our total output.

So the fact that Exxon doubled its Permian acreage in 2017 and plans on boosting output in the play by 600,000 boepd makes that temptation to buy grow a little more.

That is, until you look at the rest of the field.

Take a closer look at Diamondback Energy (NASDAQ: FANG), for example.

Not only has it outperformed analyst expectations quarter after quarter for last two years, but it’s also trading at a fraction of Exxon’s market cap.

And it’s one of several smaller players that will put Exxon’s performance to shame. Since the last major bottom in oil in February of 2016, the returns haven’t even been close:

comapre1

This is the kind of buy-and-hold investment that still has enormous growth potential.

Over the next few weeks, we’re going to shine the spotlight on a few other oil stocks worth a second look.

//////////////////////////////////////////////////////////////////

Lots of interest in 'upstart' oil and gas companies in the Permian and Delaware basins.  The situation in the southern and western Delaware will only get hotter.  

BTW,  in Reeves and Loving counties near Orla, another 'upstart' oil company is drilling wells.....BlackMountain.  And, their stablemate Eclipse Midstream Svcs is running infrastructure pipelines all over that area.

ol' Lawrence in Verhalen   

Comment by Lawrence Rayburn on Tuesday

Abraxas provides Operational, Acquisition guidance in Delaware/Permian
basins.

http://www.abraxaspetroleum.com/news.aspx?releaseid=2329295

They are moving into Reeves and Pecos counties and have landmen
scouts out in Culberson county. They don't have the money base other
exploration companies do, but their prospects and proven production
are VERY solid.

ol' Lawrence in Verhalen


Pro
Comment by Wade Caldwell on Monday

Three Rivers selling out - I understand the buyer is Admiral Permian out of Midland. Three Rivers has had themselves up for sale for a while.

http://www.iii.co.uk/alliance-news/1519031888839755300-3/riverstone...


Pro
Comment by Wade Caldwell on February 16, 2018 at 2:31pm

New oil field waste disposal plant in Orla on FM 652.

https://pboilandgasmagazine.com/pbog-blast/#a2

Comment by Lawrence Rayburn on February 15, 2018 at 11:00am

Mike Miller.....sorry, not kidding at all. Not only are they planning to
turn IH10/20 and IH40, IH35 into toll roads in Texas....now they are
gonna add 25 cents per gallon on both gasoline and diesel at the Federal Tax level. All of that to fund renovation of the transportation system nationwide. Back to $3 to $4/gallon fuel costs.....plus whatever they charge every time you get on the interstate highways. Cost of living
is going UP.

ol' Lawrence in Verhalen

ol' Lawrence

Comment by Mike Miller on February 14, 2018 at 11:20am

Lawrence,

I hope you're just kiddin'. Otherwise, I'll have to take the back roads !!!


Pro
Comment by Wade Caldwell on February 14, 2018 at 9:54am

Newest update from Apache on Alpine High development.

http://files.shareholder.com/downloads/APA/3944537251x0x971359/02F6...

Comment by Lawrence Rayburn on February 13, 2018 at 12:25pm

Wonderful news.....The US Government has given permission for states (Texas) to assess tolls for use of Federal Interstate highways.......so
IH10 and IH20 will soon be toll roads. Fill the side pockets in the doors of your truck with quarters and silver dollars. You're gonna
NEED them.

ol' Lawrence

 

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