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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: 236
Latest Activity: yesterday

Discussion Forum

Ward County Section 202 Blk 34

Started by David Kronick. Last reply by Linton Tomlin Oct 9. 1 Reply

Hello all - I sent this post the other day but not sure if I was in the right discussion - I am new to the group as of today and appreciate the dialogue.  I have a little under 6 nma in Ward County…Continue

Linton Tomlin:Ward County Section 72/Block 34/A-1324, A-1328

Started by Clint Liles Oct 6. 0 Replies

My Dear Friend Linton.....As of September 14, 2017 Jagged Peak has an approved permit next door in Section 61 going through Section 69 and ending in Section 33/Block 20.…Continue

MONROE 1-10 WRD 5H AND FINLEY 1-11 WRD 3H

Started by ROBERT FINLEY. Last reply by Barbara Paton Sep 28. 23 Replies

On February 6, 2016 I granted a Surface Easement to Shell Western E & P for a single drilling site to drill two horizontal wells listed above.  The Monroe 5H target zone is in section 10 and the…Continue

Keywords: Section, 11, County, Ward, Status

Block 34, Section 147, H&TC survey

Started by jim goodman. Last reply by jim goodman Sep 27. 5 Replies

Anyone has sold or on verge of selling part or all minerals in this area? Thoughts on going price for HBP per net acre minerals and what company has been successful in acquiring same? We have between…Continue

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Comment by Mike East on July 30, 2011 at 4:09pm

Answer to:  A 23 stage "PEAK" completion!  When the well has been drilled to maximun depth explosive charges are inserted into the line which blow holes in the casing and wall to penitrate the earth.  Frac fluid is then injected under high pressure to fracture the earth and allow product to enter the pipeline which is the start of production.

A short answer.

Comment by R.B. Jerry McGowen III on July 30, 2011 at 11:35am
Lease Bonus varies depending upon the area.  If you are in central, western, or northern Ward County your bonus offer could easily be over $800 per acre, and the other terms should also be addressed, such as a 1/4 royalty interest and other clauses.  You should contact an attorney in the West Texas area who is familiar with the leasing trends and problems to assist you in getting a fair lease.  At least do not agree to the lease terms without checking out your offers with other mineral owners in the area.
Comment by Laura Reagan on July 18, 2011 at 10:52pm
Water rights should be valued more than they are...50 cents a barrel seems awfully cheap.  And this is something they have to have and you do not have to give it to them, right?  Any comments?
Comment by mike brewer on July 4, 2011 at 3:57pm

on june 30th, received offer from midland based co. on my 84.5 acres in reeves county for lease bounes of $250.acre and 20% royalties on three year lease with option for two.  this seems compared to what appears to be around 1500./acre with 25% being obtained in reeves, ward, other counties close to me.  but i do no know the exact locations / proximity to my acreage.  any info or advice is appreciated.  much obliged.  mike b.

Comment by Mike East on July 1, 2011 at 11:55pm
Can some one explain what a "23 stage "PEAK" completion indicates. 
Comment by Mike East on June 30, 2011 at 10:12am

Ken,

My first suggestion is to get your self a very good oil/gas attorney before you do anything with any oil company. 

 

I would not take less than a 25% royalty on the lease.  You must be paid for both Oil/Gas at the wellhead.

DO NOT every sell your surface and mineral rights to anyone.

Oil companies are only looking out for them selves and want it as cheap as possible.  Current lease bonus money run from $400 up to $2000 per acre depending on the year you lease; in Ward County I here they are in the $2,000 range per acre at this time.  Leases are from 3 to 5 years in length with extensions if oil/gas is discovered.  

 

The field that seems to be explored is the PHANTOM/WOLFCAMP in Ward County.

 

Oil companies must build roads and infrastructure into the well sites and may want to purchase Caliche ($4.00 to $5.00 per cubic yard) for building roads and pads and water for the drilling operation.  Usually the oil CO can drill a water well for their use but water has value at about $.50 per barrel or higher especially if sold and used off your property on another well project.  It takes hundreds of thousands of barrels of water for the fracking process.

 

Another issue that comes us is Right of Ways, (ROW) for distrubution lines and power lines across/on your acreage.  There is value in these

leases, (Pipe Line Leases)  to be determened.

 

Water, surface, ROW uses are handled under different lease terms than

the orginal Oil/Gas lease. 

 

make sure you are free of liability as a result of drilling or surface contamination.  GET AN ATTORNEY!!

 

Go to the Texas Rail Road Commission (TRCC) website and study every thing you can on the area your property is located in.  There is a ton of

info on the internet.

 

Again DON"T SELL surface or mineral rights.

Comment by Reagan "R.T." Dukes on June 24, 2011 at 10:50am

As activity has picked up in these two counties, we've created a Winkler County Group. If you have an interest in Winkler County you can join the group here:

 

Winkler County, TX

 

Good luck to everyone.

Comment by Laura Reagan on June 9, 2011 at 12:54am
Cathy Cinotta, About 5 years ago, I leased in Winkler for $750.00 for a 5 year lease. I have heard that Reeves Co leases are going as high as 2,000.00.  25% royalty is good, but the devil is in the details and it is really important to hire an oil and gas attorney to advise you.
Comment by Laura Reagan on June 8, 2011 at 9:18pm

Pipeline Easements

Anyone have any idea what pipeline easements in Ward County are going for?

Comment by Vickii Haidar DiBartolomeo on June 3, 2011 at 12:07am
Does anyone have info on Section 6, Block -B-29 Ward County, TX I have a Mineral Deed
 

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