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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: 246
Latest Activity: 22 hours ago

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REPOST

Started by Leon Flores. Last reply by Leon Flores Nov 26. 8 Replies

I bought this property through Auction two years ago. Am not from Texas don't know anythingabout my property in Ward County, Texas. Last month I received a letter from this company,International…Continue

SEND ME YOUR BLOCK/SECTION/SURVEY NAME AND I'LL SEND YOU A PICTURE OF WHERE YOUR PROPERTY IS!

Started by Linton Tomlin. Last reply by Paul W Nov 16. 112 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.

Ward County Section 174, Block 34

Started by mineral rights holder Nov 13. 0 Replies

Am wondering what fair signing fees are currently for Section 174, Block 34 in Barstow, Ward County.  Any thoughts or offers?ShawContinue

Block 34, Section 147, H&TC survey

Started by jim goodman. Last reply by Mike East Oct 22. 6 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 Randy Duggan on September 11, 2012 at 10:41pm

I recently found out that I inherited some acreage in the NE part of Sec 7 Block 33 H&TC RR.Survey.  I was sent a letter by a landman who offered $600/ac lease bonus and 20% royalty.  based on what I have read this seems low.  Does anyone have an idea about the going rate in this area of the county?  Thank you


Pro
Comment by Wade Caldwell on September 9, 2012 at 11:55am

Here are the online reports from the Abilene, Odessa, and Midland papers. The Midland paper is probably the best, but has not updated for a couple weeks for some reason.

Abilene: http://www.reporternews.com/news/2012/sep/09/oil-report-992012/

Midland: http://www.mywesttexas.com/business/oil/   (scroll down)

Odessa: http://www.oaoa.com/sections/permian-basin-drilling-report/

Comment by Barbara Shugart on April 1, 2012 at 1:16pm
I have an intrest in the phantom wolf camp shell section147 block 34 They were suppose to move the rig on location the 3/28/12 But I havent talked to them recently. does anyone know if its there?
Comment by Bret Hilby on March 28, 2012 at 11:44am

Thanks, Mike for the suggestions.  I'll look for the county records.

bret

Comment by Mike East on March 28, 2012 at 11:33am

Bret,

I would check the Will of the party who passed on to see if it leaves the propety to family members.  Was the property in an estate?  Sale of land

you would need the propety location in Texas, Lot and Block numbers and then go to the county recorders office and do your home work on the property.  Have the Taxs been paid on the land?  You will need as much information as you have availabe from the deceased family member records and these may go back many years.

My suggestions.

Mike

Comment by Bret Hilby on March 27, 2012 at 7:38pm

Can someone tell me where I can find information on the sale of land in the past couple years?  Trying to find out how/if ownership has passed down to me and other relatives due to death in family.  Thanks.

Comment by Kevin B. Koonce on January 5, 2012 at 10:20am
Comment by Brianna Shaw on December 29, 2011 at 6:25pm

I have inherited a share in section 63 block 33 and have recently been advised by my partnership that the majority shareholder (also acting general managing partner) wants to form an LLC. Through the last few years he has offered to buy my share. Dont know if i should agree, and is there hope for my land?

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.
 

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