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Ward County, TX - Oil & Gas Discussion


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: 144
Latest Activity: 9 hours ago

Discussion Forum

Ward County TX Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles 9 hours ago. 351 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


Started by Linton Tomlin. Last reply by Linton Tomlin 14 hours ago. 34 Replies

I have a Ward County, Texas map on my wall, if you send me your block/section/survey, I'll take a picture and upload it here or send it to you at an e-mail address if you prefer.


Started by James G. Parish Oct 30. 0 Replies

What are the current going rates for Blk34,Sec64 area for a new lease term/bonus/%royalty in this area-about 7 miles due south of PyoteContinue

Extension of lease offer

Started by Cathy Cinotto. Last reply by Richard Kyle Milner Sep 15. 4 Replies

Shell is inquiring about an extension on a lease we signed in 2011 with Anadarko in Section 184, Block 34, H & TC RR Co. Shell is offering $2000/acre for 3 years. Current lease doesn't expire…Continue

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Comment by Lamont on Sunday
Yes, very well could be gallons. OK, that would make more sense. Then that would mean something like $10 dollars a barrel. Thanks.
Comment by Rock Man on Saturday

NGL / plant product prices have been really low for the past few years - but what you are quoting is way low to the $7-$15 per bbl price I have seen.

Could this be really per gallon instead of per barrel? That would give you a reasonable NGL price number

Comment by Lamont on Saturday
Has anyone heard of plant products selling for .26 cents per barrel? Does this mean it is basically water? I have a small interest in a well in Ward. The oil and gas production is low....like 2000 per month. The the plant product is like 10 to 15 thousand per month.
Comment by james h davis on November 6, 2015 at 3:55pm

I generally don't recommend a 2 year option as their may be a significant change in the economics and bonus prices at the end of year 3.

Comment by John Armstrong on November 6, 2015 at 9:26am

Thank you Mark!  After I submitted my question, I went back an reread an offer I received. Basically, the operator wants to amend the primary term on the existing lease agreement signed in 2013 for six years taking it into 2019. 

I should have read things better before posting my question.  Thank you for your time!  Now all I have to figure out is whether the $/acre offered is reasonable or not. 

Comment by Mark Benson on November 6, 2015 at 9:04am

Typical lease is a 3 year primary with a 2 year option.  I would not recommend doing a straight 5 year or longer lease.  You want to be careful to not let anyone tie up your acreage. 


Comment by John Armstrong on November 6, 2015 at 8:54am

Maybe someone can answer this question for me.  What is a typical primary term with option period used in a oil lease agreement?  Is it a three (3) year primary with a two (2) year option?  What are the advantages / disadvantages of a lease agreement with a six (6) year primary term?  Is a six year primary term commonly used?

It seems to me if a six year primary term is used, it basically saves the operator money by hot having to exercise the option and come up with more money.  Is this a logical assumption?

Comment by Felicia M. on October 29, 2015 at 9:45am

David.  No I am not currently under a lease.  Thanks for info.

Comment by David James on October 29, 2015 at 9:33am

Felicia, there is a plugged gas well (plugged in 1985), but no active production or drilling permits filed for your property. Jagged Peak Energy is active in the surrounding area. Are you currently under lease?

Comment by Felicia M. on October 29, 2015 at 9:19am

Can anyone please tell me if there is any activity in the area where my property is?  It is Section 4 Block 33 H&TC.  


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