You can lease your 10 acres as a site for a natural gas compression plant where gas gathered from surrounding wells is compressed to 900 PSI and put in natural gas transmission pipelines.
Just hold onto your surface land and be patient. You WILL get a lot more offers.....so don't take the first one. Things will become increasingly competitive....wait for the frenzy.
The O&G Journal this month has an article about Exxon/Mobile about to spend 52 Billion dollars in exploration/exploitation of the Permian and Delaware basins. Another source says Exxon/Mobil is projecting to spend 22 Billion in
proving fields in Culberson county.
I think the bulk of exploration for the next year will be done South of Van Horn, all the way to the Rio Grand river.
Antelope Production (no "s") is a lease brokerage firm based in Dallas the serves and the "front company" for acquiring leases from mineral owners. The funds for all their work (and bonuses paid to mineral owners) is coming from their client (who is normally kept confidential). They have been active in Culberson County since 2014 - mostly in Block 42.
Although I don't know anyone at this company personally or professionally, the fact that they have been doing this in Culberson Co going on 4 years would indicate to me that they are a legit company that pays their bills and honors their commitments.
P.S. Their objective - and that of their client who is paying the bills - is to get minerals and surface leased for as low a price as possible. Which is why having a forum like this helps in educating individuals as to what is happening in their areas
I'm up in block 112 and getting an offer for surface only. Well after talking to some county officials, they advised holding. Too many people offering little for a lot
Diving into the Tx RRC site to see what is happening may be better than a road trip to the field. You can't see permits and it is even difficult to see well heads as well as access locations of any active wells.
Just checked the DrillingInfo.com subscription site for Block 112 - map of producing wells (red and green dots) attached. Note the lateral well bore traces (horizontals). Also attached a list of the 14 producing wells in this block.
Lots of room for more horizontals between those already drilled - and no telling how many horizontal target layers are present here.
MJPasā¦Once again I counsel you to WAIT. Donāt sell your surface or
mineral rights to anyoneā¦donāt lease anything yet. The feeding frenzy
has not yet started in Culberson county, but it IS coming!! Culberson will have 75 rigs running before June as the exploration/production frenzy picks up. Just wait.
You are absolutely correct about no āsā on Antelope Production, Rock Man. Didnāt know that extra āsā would cause such a big difference! Any who thanks for all of the info on this forum. Yes Lawrence, definitely heeding your advice. Will hold off until the ārightā time comes. Just enjoying the info Iām getting from this forum.
Because of this forum, I learned that the reason why we are being pursued by a petroleum landman is due to the fact that our land sits on block 112! See below: