Billy,
I went to the rrc website and the enhanced his maps. I did not find the energy resources. Am I in the wrong area? This is block 13, section 179–no township.
We leased to Williams a little over three years ago. Of course the landman said they were planning on drilling a well in the next couple of months…yeah, right! The tract is Sect 300 in Blk 13. It is on the eastern edge of 13, just west of COG’s intense activities. …but no sign of a Williams rig. Now in the two year option period.
Good advice, Wade. Aubrey has a poor history, IMO. We leased to Chesapeake several years ago and they were really bad. Screwed up things, badly.
I got it. Thanks Billy.
Thanks for the info Clint . From my recent research it seems Reeves county has been one of the more active drilling areas last year. Am I right in thinking that Clayton Williams leased from us to tie up large tracks of land to deny access to their competitors and therefore it could be better to lease to a company that has smaller holdings in the area? It seems they might have more motivation to drill on our property.
Good morning Susan,
“Am I right in thinking that Clayton Williams leased from us to tie up large tracks of land to deny access to their competitors”—Seems as that’s the normal procedure for all the oil companies not just Clayton. As far as the small companies, some of them may drill but others acquire minerals just to flip to the bigger oil/gas companies. It’s hard to tell what their motivations are some time. Good luck with your minerals. Only time will tell. The word for the day is ‘Patience’.
Clint Liles
by the way, just noticed that Aubrey McClendon is back with a new company name. American Energy Partners, LP. He was the CEO of Chesapeake. My advice is to not lease to these guys. We won’t be leasing to them. I’m also not very keen on Arabella.
Mel you should see a box that says accept then there should be another box on the upper right of your screen that has options in it the top one should be energy resources.
Yes, I want to get those reports. How can I get them?
Thomas,
This is a fantastic area to have minerals. I tried pulling up information on some wells that have been approved around your Section 4 and seems as thought the RR Commission Drilling Permit (W-1)query is down for maintenance. The following GIS map is of your Reeves County Section 4/Block C20 and the next map is of the same area zoomed out:
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Clint Liles
Thomas,
I’ll help you…Email sent…
Clint Liles
thanks Clint. I had gotten the abstract number off the same GIS map, but can’t get any other information. Any ideas?
Thomas,
Are you trying to get Drilling Permits and Completion Reports for the wells in your minerals area? It may be Monday morning before you can search and find that information.
Clint Liles
thank you Clint, that should help. but it looks like the form is asking more questions than I have answers for.
Tommy Beauchamp
Need some help. I have 6 Abstract numbers inside section 4, blk C20, PSL, that my family and I have some mineral interest in. How can I find out about these well sites?
Thomas,
This is the Drilling Permit(W-1)Query link:
http://webapps2.rrc.state.tx.us/EWA/drillingPermitsQueryAction.do;j…
It will probably Monday morning before the website is usable. Good luck with your minerals.
Clint Liles
Question: Once a well has produced sufficient revenue to pay for the investment plus some and continues to decline. At what daily production (WTI at $80) does a producer shut it down? Next question: If production declines to say 5 bpd, does the producer run the pump 24 hours per day of can they run for say 30 minutes and pump the 5 barrels?
steve johnson - this really is the million dollar question. at what point is it uneconomical for them to drill? I’ve asked BHP and they’ve said $55/bbl but that person was not an engineer. I’ve asked Chevron and they say we’ll see $67/bbl all next year but didn’t say when they would stop drilling in any of the shales. Wall street contact thinks $65/bbl would be uneconomical. Now if Keystone gets through congress, is that going to lower the per bbl price as well? I’d really like to see congress allow us to export our hydrocarbons. If OPEC gets in the game will they do anything to raise the price?
Due to the fact that these wells have a downward hockey stick graph as to production; my advice is hold half back for taxes, spend 10% if you have to and then pack the remaining 40% away.
as to the 5bpd, if it gets to that and oil is really low in price, you might be looking at shut in payments vs a pump running at all. course this will also depend if you have a large operator vs an independent/small operator.
Thanks Wade, I am under lease waiting for them to drill. My question was not economics to drill but at what production rate would a producer stop the pump.