Hi we are new to this forum and as mineral owners. My father recently passed away and left me 2 tracts in Sec. 24 Block C9 Abstract 5462 (both tracks equal 524 acres), respectfully. My question is, can someone please help me in determining how much per acre I should expect to lease it for. In addition, if anyone has or is drilling near us? Thank you in advance, Ann.
Ann,
Several Horizontal well have been drilled around your A-5462 in the past but I don't see any activity lately.
Well # 389-33325/drilled may 2013/completion report shows 146 BOPD/10,500'/Bone Springs Formation
Well # 389-32479/drilled 2007/oil well/6000'/Tunstill(olds)Formation
Well # 389-33071/drilled November 2011/12,500'/Bone Springs Formation
Well # 389-33395/Link to Completion Report: http://webapps.rrc.state.tx.us/CMPL/viewPdfReportFormAction.do?method=cmplW2FormPdf&packetSummaryId=75082
GIS Map of your Reeves County A-5462/Section 24/Block C9 and surrounding area:
Clint Liles
Thank you Clint, that is great information, I really appreciate it. One last question, is there anyway to find out what cost per acre is leasing for in the area? Ann
Ann,
I would post that question to the other Reeves County members that have minerals in your area. Good luck with your minerals. I feel it's just a matter of time until you have some production on your minerals.
Clint Liles
Ann Suttee said:
Thank you Clint, that is great information, I really appreciate it. One last question, is there anyway to find out what cost per acre is leasing for in the area? Ann
Ann, Our family trust has 10.9166 net mineral acres in Section 24 Block C-9, we had it leased through BHP who did not renew. My two cousins, I believe have the same net mineral acres. Because we held only 30+ acres it was difficult to get it leased. I was told the section is very valuable and that BHP will probably sometime in the near future make another offer. Reeves County is getting up to $3,000 per acre