Might anyone give me some thoughts about the potential value of the mineral and surface rights of our property in Reeves County, Texas? We have received offers of up to $10K per acre. We understand that there are currently no horizontal wells but we believe that there are horizontal wells in property near ours.
You can go to the TRRC Public GIS Viewer (http://wwwgisp.rrc.state.tx.us/GISViewer2/), select the Magnifying Glass from the toolbar and input the Abstract Number if you have it. If not, you can use the Survey name, but they are often misspelled or use the initials or don’t, so it’s hit or miss to find. Here’s a screenshot of Abstract 705. The last five digits by each well plus the three-digit County code make up the API number. Reeves County is 389, so the SE-most well in the Abstract with “4” is API #389-33567. Once you know the API #, you can input it in the search bar and go directly there on the map. You can also check the down arrow on the circled “i” on the toolbar, click on “Wells”, then click on any well dot (green = oil) and you will get a pop-up allowing you access to the permit, and if there is production, you can scroll down and see the production records. You may still have to register (free) with the TRRC and you definitely have to allow popups. Firefox hasn’t been working since an early summer update, so try to use IE or another browser. If you have questions, go to the main TRRC webpage and call for web assistance. They will help you get on. Hope this helps.
SEE SCREENSHOT BELOW - HOPE IT SHOWS UP. - IF NOT, SEARCH THE API # IN THE SEARCH BAR (Upper Right)