Winkler County, TX - Oil & Gas Discussion

Comment

Comment by Laura Curnutte on October 18, 2011 at 7:47pm

Can anyone from the Winkler County, Texas group tell me if there is a "going rate" per mineral acre for leases in Winkler County. And please let me know any pertinent information involved in royalty owning in Winkler County?
Any information would be appreciated.
Thank you,
Laura Curnutte

Comment by Laura Reagan on September 21, 2011 at 3:03am

Cheryl, I would call the company and ask them how many mineral acres they are purchasing.  You do realize that you are selling your minerals and not leasing them?  Your family is selling their interest to Enerlex.   It is not a lease where you will receive a share of the production.  It is a sale and by selling the minerals, they will be gone forever.  I would not sign anything.  It is a shame that your mother and sisters did not seek advise before they signed off on this.  The Permian Basin is very active right now and there are many companies out there making offers to purchase minerals.  Those offers I always tear up and throw away.  Never sell your minerals.  That is the standard rule.  Read Andy Anderson's comment below.  Anyway, contact Enerlex and ask them how many mineral acres they are asking your family to convey and how much they are offering per acre.  Ask them to put that in writing.

Comment by Cheryl l MacDowell on September 20, 2011 at 1:15pm

Thank you, Laura for answering. All it says on my Quit-claim is the ab.1973, block 40, section 5 as i stated in my previous letter. Perhaps it was on the Deed that my mother has already sent back to Enerlex. How would i go about finding the information based on what it says on the Quit-claim paper. Would i inquire at PSL Waddell bros & Co. Survey? Are they the ones drilling? Is there a way to find this out? I haven't signed anything yet. My last name was spelled wrong even though my mother gave them the proper spelling. When she called they said i could make the changes and then initial the changes. Not sure if a notary could still sign since it does not match my ID. Anyway, I'm still trying to find out whatever i can. As i said, My mother and two sisters did sign it.

Comment by Cheryl l MacDowell on September 16, 2011 at 1:52pm

My mother was sent information that my Grandfather owned mineral rights in Winkler County in Texas...Ab. 1793, block 40, section 5....PSL/Waddell Bros & Co Survey...A company called Enerlex, Inc. wanted her to sign and notarize a Quit-Claim mineral Deed and sent a check for $150.00. They said they would send another Check for $1100. when me and my sisters also sign and notarize a Quit-claim Mineral deed giving up any royalties including future or reversionary interests. My sisters and Mother have done this but i have not. I do not want to sign off on anything till i find out more about it. Enerlex told my mother that each child (two sisters and i) would get a check for $50.00 even though it says on the form we received a check for $10.00, which we did not. Even if my mother signed off the deed what will happen if i don't sign off. We know nothing of all of this. All i know is that my Grandfather was not a stupid man and had a reason for owning the mineral rights. Any help would be appreciated.

Comment by John Anderson "Andy" Davis on June 24, 2011 at 7:05pm

Laura,

Not sure what current leasing activity there is, but I'm getting one or two solicitations a month to sell the small interests I have that Whiting Oil & Gas Petroleum currently works ("Obrien lease"), and the price keeps going up. They're located on/around the Winkler/Ward Counties line - G&MMB&A Blk F, Sec 19 & 20.  Obviously some people think something is about to happen.

Comment by Laura Reagan on June 24, 2011 at 5:26pm

What is the lease activity in Winkler County?  Who is leasing out there and what formations are they interested in?

Comment by Laura Reagan on June 24, 2011 at 5:20pm

Any idea what the proposed route of the Lone Star line is?  Also, Southern Union Gas is selling their line to ETE...Williams is trying to overbid them.  They have a huge system of gas gathering and transport lines in Winkler County.

Comment by John Anderson "Andy" Davis on June 24, 2011 at 4:14pm

If you’ve got holdings in Winkler County you’ll be interested in the following article in Oil & Gas Journal’s online report:  Lone Star NGL to build 530-mile Permian basin pipeline