My previous comment said the land was not available, but it is available for lease. Sorry, I should have proofed it better.
I have inherited mineral rights to a very, very small (8 acres) piece of Section 302, but am having a difficult time finding it on any maps! The reason I am interested is 2 people have contacted me this year to lease or sell, so there must be some activity in that area. The most recent offer was $300 acre with 1/5 royalty or $400 acre with 3/16 royalty. Is there a map that I can find correct section info? I keep finding 4 sections all called 302!!
You’re welcome, Van Peters. If you are comfortable mentioning who bequeathed the minerals to you, I might be able to help you zero in on your target.
Van Peters,
Was the company interested in buying or leasing named Patch Energy, LLC/Midland, Texas?
Thanks,
Clint Liles
Van Peters,
Thanks for the quick response.
Has anyone had any dealings(good or bad) with Patch Energy, LLC/Midland, Texas?
Thanks,
Clint Liles
I am unsure if there are any lessons which might apply to Gaines, but this is an interesting read:
http://www.texasmonthly.com/articles/new-oil-the-giddings-gamble/
(excerpts) "Having studied Union Producing’s failure with the No. 1 City of Giddings, Alcorn knew he did not want to repeat past mistakes. He believed that by killing the flow in 1960 Union Producing had ruined its oil well. That conclusion was based partly on some obscure technical reasoning but also on a large measure of superstition. The wildcatters who tackled the treacherous Austin chalk had an old saying: “Never kill an Austin chalk well, ’cause it’ll never come back.”…"Holifield, for his part, tried to keep things quiet. He did not brag about his good wells, and he did not publish any professional papers explaining his theory of the Austin chalk. If larger and more experience companies realized what was happening, they would be able to gobble up adjacent leases ahead of Windsor and U.S. Resources. And if another bright geologist figured out how to use seismic to find the sweet spots in the chalk. Holifield would no longer have a monopoly on technical expertise. Instead of sharing his knowledge of the area as geologists often did, Ray Holifield kept to himself. He was what oilmen call a “tightholer.”
Thanks for the help guys. Clint, The first person to call me was a man named Heathrow, I never heard back from him so I don’t know the company. The most recent was Adobe Petroleum, my research indicates they are in Ft. Worth.
AJ, Adobe Petroleum tells me that the rights are still in the name of my grandmother, Rhoda Queen McFarlin. I remember stories of a large group, maybe 14, McFarlins purchasing rights to section 302 in 1946.
Thanks. I am going to be close to Seminole next week and thought it would be an interesting field trip to visit the section.
This is a link to a map Van Peters http://wwwgisp.rrc.texas.gov/GISViewer2/ Click on the magnifying glass icon, choose “Surveys” from the drop down menu, and enter 302 in the section area.
Thanks AJ. This map only shows 2 section 302’s. I think this will help narrow the search.
Actually, I think it would be Rhoda McFarlin Queen.
Van Peters, the online records data base I use only goes back to January 1979 for Gaines county. You might call the county clerk’s office and explain your predicament. One of the employees might be willing to see which block and/or abstract number is associated with your section. I believe the phone number is
FORT WORTH, Texas—The San Andres Formation on the Central Basin Platform of the Permian Basin has been commercially exploited vertically since the 1920s. Now, Elk Meadows Resources LLC and other privately held independents have begun exploiting the resource with horizontal wells.
This is a link to a daily drilling completion report for a re-entry just south of Seminole. The well seems remarkable in that it had a 480 bbl 24 hr IP and is responsible for the designation of the Nickell (Wolfcamp) (65481500) field by the RRC. But RRC production reports seem to show that the well has produced only 558 bbl of oil since Nov. 2015. http://commodityconsultingllc.com/files/5814/3101/1147/Wright_1_–_…
ROZ Pay Zones: http://www.rrc.state.tx.us/media/20095/8a-87578-frl-pfd.pdf
April 2016 Ring Energy presentation with information on San Andres horizontal development and economics http://ringenergy.com/Other-Presentations/Augustus_Roadshow%20Prese…
"This is a link to a map http://wwwgisp.rrc.texas.gov/GISViewer2/ Click on the magnifying glass icon, choose “Surveys” from the drop down menu, choose Gaines and enter “G” in the block and “79” in the appropriate areas and click “query” to generate a map. Green dots with no lines are producing wells.
Once you generate the map. Click on the icon which is the letter “i” circumscribed by a blue circle. Choose “wells” and then go to the map can click on wells in the vicinity of your minerals to reveal more information. Also, a blue circle on the map is a permitted well. You can click on that to reveal drilling permit(s)
My sister was contacted last week by Patch Energy LLC in Midland about purchasing mineral rights to 80 acres in Gaines County. It seems that my Great Grandfather liked to buy mineral rights in the 1920s. He may have held several in Texas and one or two in California where the moved in the late 1920s. The description in the purchase offer is “All of the Northwest Quarter (NW/4) of Section 79, Block G, WTRR Co. Survey, containing 160 acres of land, more or less.” So far I am the only family member who has received any offer so far, but there are a lot of people in my generation. Patch is giving me a short window to respond to their offer. how do I go about finding out where this section is and if there is still a well on it? My Grandmother and her sister were getting royalty checks as late as 1979.
What kind of oil and gas leasing terms are people getting now; i.e. Bonus money for the lease, term of the lease in years with renewals if any, and royalty amounts in fractions, 1/8/, 1/5, 1/3 or 25%, etc.