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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: 194
Latest Activity: 15 hours ago

Discussion Forum

Activity in Block 34?

Started by M. R. Sims. Last reply by John K Feb 14. 4 Replies

I live about 1000 miles away from Ward County, but am going to drive down in March and try and find the land that we own there. We currently have a mineral lease on it, and are wondering what we'll…Continue

Sec 48, Block 33

Started by Shanna Deer. Last reply by Wolfcamp Shale Feb 7. 5 Replies

Hello, Does anyone know if there is any activity going on Sec 48, Block 33 in Ward County? Continue

Ward County TX Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles Jan 20. 479 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

Oil & Gas Lease

Started by George G Grams. Last reply by Judy Cambern Jan 13. 2 Replies

Hi..brand new to all of this... I've received an offer for a lease on 1 acre in Ward County ....E/2 SW/4 of Section 85, Block F, G&MMB&A Survey .... any help with this would be great..ThanksContinue

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Comment by Mike East 15 hours ago

I just received a second offer for lease of nma starting at $2500 now up to $5000 per nma.  Have done nothing yet,  what offers have other had in the area.

I saw where Exxon purchased the Bass Family Minerals on 270,000 acres in South East New Mexico for $6.6 Billion dollars or $24,000 per acre,

Double Eagle purchased 23000 acres for $650 million in the Delaware Basin, $28261 per nma.

Clint thanks for your help.

Mike

Comment by Clint Liles on February 14, 2017 at 7:30pm

Attention:Mike East...........

Check your INBOX for message

Clint Liles

Comment by Mike East on February 14, 2017 at 11:52am

I received a counter offer of $2500 per nma, 3 years for lease below 5100 feet the Bone Springs, Wolfcamp field which is leased.

Current nma lease rates/Money if any knows.

Also Cimarex said they are doing research on the area for potential  wells?????

Clint, thank you for the details, don't know where to find that info or production records, I have looked.  Tennis thank you.

Comment by TennisDaze on February 9, 2017 at 2:18pm

Bonus is quite low.  No reason to agree to more than a 3 year primary term without any option to extend.

Comment by Clint Liles on February 9, 2017 at 12:48pm

Hello Mike,

The formations encountered in the drilling of well 35719 in Section 1/Block 1 were: Cherry Canyon 5523', Two Georges 8320'-8324', and Wolfcamp 9799'-9805' per Cimarex report.

GIS Map of Ward County Section 1/Block 1/A-326:

CLICK ON MAP TO ENLARGE

Clint Liles

Comment by Mike East on February 9, 2017 at 11:56am

 I have received an offer for a lease in Section 1, Block 1 W&NW Survey from the surface of the earth to 100 ft. below the base of the Bone Springs Formation.  $1500 nma, 3 yrs (2 yr option) at 1/4 royalty.

Will reveal the company at later date.

What is the current nma lease rate and surface lease rate in Ward County at this date? Also what are the different oil gas formation depths in the area.  Thank you,

Comment by Wolfcamp Shale on February 7, 2017 at 9:30am

Some leases are limited to certain depths from the onset, while others can initially cover all depths, but then at the expiration of the primary term, or other qualifying events, the non-producing depths revert back to the lessor. Lease terms are extremely important.

Comment by Lamont on February 7, 2017 at 9:26am

...and then of course if you have had any kind of production at all going on since the 1970s, you are really out of luck with getting multiple operators and taking advantage of the new reality of layers/strata.  It's really better if you are just signing your land up for the first time.  Be smart all of you new signers. 

Comment by Lamont on February 7, 2017 at 9:20am

Depth severance clauses are I am surmising those that allow, say, one operator to go in at one level, and then below a certain level, another lease could be signed with another operator for a deeper level.  That said, I guess only the truly clued in people turned the old Producer 88s from the seventies into something more complex in 2009.  Guess there is just know way to get one in now after the fact.  


Pro
Comment by Wade Caldwell on February 6, 2017 at 11:00pm
Mid county and north, but may be more widespread because area is so hot right now.
 

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