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Old 11-01-2010, 03:08 PM   #1
Ag 96
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Default Terry County oil and gas activity?

Anyone have any idea of a going rate on bonuses for an oil and gas leases in Terry County? Just got approached about leasing, but I hadn't heard of any activity up there. As a result, I have no idea if anything hot is going on.
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Old 11-01-2010, 03:13 PM   #2
bearkat2004
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not sure about Terry County, I know in DeWitt, we are in negotiations with Connoco (I Believe) for a 2-3 year lease for $2500 an acre. . .
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Old 11-01-2010, 03:14 PM   #3
Playa
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I have seen some drilling rigs. Terry County would be considered the north-eastern most reaches of the west texas oil patch

Can't give you anything more than that
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Old 11-01-2010, 03:34 PM   #4
Ag 96
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Thanks, still trying to find out some info. I've heard some generalized comments about the redevelopment of the west Texas oil patch, but I really don't know if I'm dealing with wildcat minerals or a decent play.

Bearkat - I wish this were in the Eagleford. Then I'd know what to ask for.
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Old 11-01-2010, 06:45 PM   #5
Dc78
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AG what part of Terry? I live in Yoakum next county west. If I know area might could tell you if an activity in that area.
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Old 11-01-2010, 09:15 PM   #6
Ag 96
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DC78,
I think it's off of FM402 south of 82, just west of Brownfield. Only been there once.

Thanks,
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Old 11-01-2010, 09:29 PM   #7
Dc78
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Not much in that area. Company I work for has some wells northwest of there about 10 miles. These wells are fairly old wells.
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Old 12-15-2010, 06:56 PM   #8
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I live in Brownfield and the court house is full of Landmen looking up Minerals and Royalty. I have land and minerals here. The Brownfield paper did an article about them in Sunday's paper. I am not sure on a price because it varies for everyone. Some are saying anywhere from $100-$350 an acre. So something is coming down the pipe line just not sure what.
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Old 12-15-2010, 09:41 PM   #9
Playa
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Quote:
Originally Posted by NUKAT View Post
I live in Brownfield and the court house is full of Landmen looking up Minerals and Royalty. I have land and minerals here. The Brownfield paper did an article about them in Sunday's paper. I am not sure on a price because it varies for everyone. Some are saying anywhere from $100-$350 an acre. So something is coming down the pipe line just not sure what.
I read the same article yesterday while I was working at the Terry Cty CO-OP Gin.

Seems like new technology and pressure because of the off shore hiatus is making a play that lays between a layer of sand and compacted limstone a viable field. Not sure what the technology is. The article named the geo feature they were going at.
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