Our lease is set to expire in mid September. CW has the current lease. What is the going rates these days in this area? Is there much activity in this section of Reeves County? CW has had this lease for 5 years and hasn't done a thing with it.
THE LAST ACTIVITY IN THIS AREA SEEMS TO HAVE BEEN IN 2011/2012 BY CLAYTON WILLIAMS. TO THE WEST OF YOUR SECTIONS 137/108 TWO WELLS WERE DRILLED IN SECTION 107.
COMPLETION REPORT ON WELL API #389-32798:
DRILLING PERMIT FOR WELL API #389-32999. NO COMPLETION REPORT FOUND.
GIS MAP OF REEVES COUNTY SECTIONS 137/108:
thanks Clint for the info. Any ideas if this area has just been ignored or what? I kept hearing when I contacted CW Group that they were just waiting for equipment to come available. Well, that's been going on for 5 years now. Any clue what this area is getting for leases these days? I've heard a range from $1k-$3k. I just want someone to drill, baby drill.
I DON'T HAVE ANY INSIGHT OF IF AND WHEN THEY MIGHT DRILL AGAIN IN YOUR BLOCK/AREA. I UNDERSTAND YOUR FRUSTRATION. BELIEVE ME THERE IS A LOT OF UNHAPPY MINERAL OWNERS THAT HAVE BEEN MADE PROMISES. IT'S NOT JUST IN REEVES COUNTY, TEXAS. IT'S HARD TO FIGURE OUT THESE OIL COMPANIES/PRODUCERS. FOR SURE THERE IS PRODUCTION/OIL IN YOUR AREA SO JUST SIT BACK AND WAIT LIKE THE REST OF US ARE DOING. AS FAR AS WHAT LEASES ARE GOING FOR IN YOUR AREA I HAVE NO IDEA. YOU MIGHT POST THAT QUESTION TO THE REEVES COUNTY GROUP AND I'M SURE YOU WILL GET SOME ANSWERS. YOU NEVER KNOW, ANY DAY THE EQUIPMENT COULD SHOW UP TO START BUILDING A PAD TO DRILL ON. IT WOULDN'T HURT TO CALL CLAYTON WILLIAMS OFFICE AND ASK SOME QUESTIONS.
LINK TO THE REEVES COUNTY GROUP: