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Ward County, TX - Oil & Gas Discussion

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Ward County, TX - Oil & Gas Discussion

Oil & gas discussion group for those interested in Ward County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 124
Latest Activity: yesterday

Discussion Forum

Ward County TX Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles on Saturday. 238 Replies

Post, discuss and share information related to Ward County Oil & Gas permits in the replies below.Thank you to Clint Liles for championing the effort to keep us all up to date.Continue

Saltwater Disposal Well Permit on My Land Without My Knowledge

Started by Anne Marie Greene Whatley. Last reply by John Armstrong Nov 8. 1 Reply

I have never seen this issue in the Discussion Subjects and value the opinions so generously shared here by Ward Co. Mineral Rights Group Members. I found out, quite by accident , that a Permit for a…Continue

We hold mineral rights in section 193, block 34

Started by Bryan Woodruff. Last reply by Anne Marie Greene Whatley Nov 8. 3 Replies

It has a producing well (natural gas) but we have not signed anything with the landmen nor with Anadarko.  They owe us back royalty payments.What should I expect in terms of the lease for our…Continue

BLK 34, SEC 172, for Adrian Popa

Started by Linton Tomlin. Last reply by Linton Tomlin Oct 24. 2 Replies

Adrian, here is the picture of the above numbered section. Sorry this picture is not very good but I will post you a better one when I return. Also, you can purchase this same map from Midland Map…Continue

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Comment by Evelyn G. Green yesterday

Thanks for your input.  I should have waited - didn't get quite that much, but I'm satisfied.

Comment by Wade Caldwell yesterday
Evelyn- Ask for $3500/acre. Can vary of course, for very small tracts, those with title problems, access problems, etc.
Comment by Evelyn G. Green on Saturday

Mrs. P. A. Black Survey, Block 1

Comment by Wade Caldwell on Saturday
Evelyn-
Block and survey?
John-
Agree the price slide may see some softening, but I think most companies take the longer view, and mineral owners should too. Ward is rapidly changing from more speculative to proven. Oil prices are unlikely to average $55/barrel during the 20 year life of a well. Bonus consideration is only a small part of the cost of developing and drilling a well. Mineral owners are sitting on an asset that is fixed, i.e. they are not making anymore land, but they are sucking oil and gas out of the ground at a good clip.
So it looks like a good long term situation for mineral owners. The main affect, in my view, is that operators don't want to bring wells online during a low point in prices because production is so large during the first year for shale wells. So drilling and completions will be slowed to try to bring wells online after the market picks back up. This could have some short term affect on bonuses, for people who want or need to lease now, because there are fewer companies wanting to lease and drill quickly.
In short, stick to your guns. Operators will use the price slide to pick off panicky lessors and get good deals. But if one looks at the long term, the economics of leasing have not changed so drastically as to justify a major decline in bonus prices.
Comment by John Armstrong on Wednesday

My lease is in Block 33 Sec 5 & 6 of the H&TC Rwy Survey and didn't get near the $3500/acre. So I guess it is, as they would say in real estate, dependent on location, location, location.

And given the current world oil situation, I would think oil companies would be hard pressed and be not willing to pay that much now. Or am I wrong to assume this?

Comment by Evelyn G. Green on Wednesday

Thank you Wade.  Location is Section 72 - does that help or do you need a better description.

Comment by Wade Caldwell on Wednesday
Evelyn-
Very dependent on location and circumstances, but still seeing bonus rates around $3500/acre in good areas.
Comment by Evelyn G. Green on December 16, 2014 at 1:09pm

Does anyone know what the going rate for lease bonus is at present?

Comment by Linton Tomlin on October 2, 2014 at 5:42pm
Thanks for that info, CB, appreciate it. Linton
Comment by Randy Duggan on September 11, 2014 at 8:40am

I received a letter that Jagged Peak bought out our Whiting leases.  I have tried to call their phone number listed on the letter we received and get no answer or reply.

Does anyone know of a email address to be used?

Thx.

 

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