Has anyone been getting offers on new deep well lease from Continental Resources in Pecos County? Please let me know of any information on this.
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You do realize that Pecos county Texas is about 13000 sq miles and a section is usually about 640 acres or 1sq mile? Based on your description, A Blk#, Township# section#, or API# is the best way to tell you what is going on. MK
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Need your block name or number, Abstract name and number, plus the section to be able to locate your area in Pecos.
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What location?
Section 19 blk 8
Continental already has horizontals in section 19, Block 8. They have new permits just to the SW in 13, 14, 15, 16, 17, 18.
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Deep well lease.
Leases.
Are you already getting royalties from section 19? Did you have a depth clause on the first lease?
I have seen some permits west of you in Reeves S 17 B C-5 a5482. In the Woodward formation TD 14673. And this section has earlier wells completed that are around 11000 ft. Perhaps the mineral holders received a second lease payment for the deeper wells? I have also seen some of these on University Lands in Winkler County.
My family has interest in Sec 38, Blk 8. They signed a lease with Continental for deep rights to drill Woodford/Barnett shale. Signed the lease late last year. Don’t recall how the sections lay out so yours may or may not be contiguous or close.
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