Reeves Blk 13 sections 265 & 266


#1

Anyone aware of new leases or lease extensions in these sections? Which companies? How much bonus? 25% royalty? How many years? Thanks in advance.


#2

Nearby sections have great wells with high production. Noble has some existing permits across those 2 sections. If you have unleased minerals there you are very lucky.

25% royalty? Never sign for less in the Permian. Given the location & permits already out thereā€¦ You can probably get $10,000+ per net mineral acre bonus.

Always a good idea to have an oil & gas lawyer review a lease before you sign


#3

Also, 3 years or less for term. No extensions.