Longway 16 Unit

Oil & Gas Property in Reeves County, TX

  2. Texas
  3. Reeves County, TX
  4. Oil & Gas Properties in Reeves County, TX
  5. Longway 16 Unit Oil & Gas Property

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Property Summary

Key data points for Longway 16 Unit

CountyReeves County, TX
OperatorPERMIAN RESOURCES OPERATING, LLC
Production DatesOct 2021 - Aug 2024
Total Oil Production1,094,215 BBLs
Total Gas Production6,687,518 MCF
Recent Oil Production12,231 BBLs in Jul 2024
Recent Gas Production114,673 MCF in Jul 2024
Wells on Property4

Our Valuation Estimates for Longway 16 Unit

ShaleAssessment™

Not Available

MarketMultiple™

$2,175,756 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Longway 16 Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Longway 16 Unit
from Oct 2021 to Aug 2024

Wells on Longway 16 Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-389-39302LONGWAY 16 UNIT 131HPermian Resources Operating, LLCProducingReeves County, TX31.387994-103.317064
42-389-39303LONGWAY 16 UNIT 132HPermian Resources Operating, LLCProducingReeves County, TX31.387915-103.317117
42-389-39304LONGWAY 16 UNIT 232HPermian Resources Operating, LLCProducingReeves County, TX31.388125-103.317039
42-389-39332LONGWAY 16 UNIT 331HPermian Resources Operating, LLCProducingReeves County, TX31.387802-103.317132

Leases included in Longway 16 Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
08-292737LONGWAY 16 UNIT 131HPermian Resources Operating, LLCReeves County, TX
08-292745LONGWAY 16 UNIT 232HPermian Resources Operating, LLCReeves County, TX
08-292747LONGWAY 16 UNIT 132HPermian Resources Operating, LLCReeves County, TX
08-292777LONGWAY 16 UNIT 331HPermian Resources Operating, LLCReeves County, TX

Nearby Properties

These are the closest 20 properties to the Longway 16 Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
Aruba State 15-14 UnitReeves County, TX11,244 BBLs60,265 MCFAug 2024
Big LubReeves County, TX295 BBLs2,335 MCFAug 2024
Bronze 6-15Reeves County, TX1,269 BBLs7,051 MCFAug 2024
Chevy 17Reeves County, TX481 BBLs2,324 MCFAug 2024
Choctaw 1-21Reeves County, TX8,107 BBLs33,454 MCFAug 2024
Curacao 18 UnitReeves County, TX17,508 BBLs75,714 MCFAug 2024
Deacon Jim 16Reeves County, TX0 BBLs0 MCFJul 2021
Haflinger 20Reeves County, TX14,287 BBLs26,203 MCFAug 2024
Hoefs Bertha EtalReeves County, TX0 BBLs38 MCFAug 2024
Jesse James 5-4Reeves County, TX52,902 BBLs192,006 MCFAug 2024
John Phillip Long State 18-19Reeves County, TX15,405 BBLs78,681 MCFAug 2024
Nickel 6-13Reeves County, TX395 BBLs3,112 MCFAug 2024
Nokota 19 DodtReeves County, TX10,273 BBLs20,722 MCFAug 2024
Percheron 46-45Reeves County, TX9,181 BBLs111,477 MCFAug 2024
SamsReeves County, TX254 BBLs1,926 MCFAug 2024
St. Lucia 17 UnitReeves County, TX18,592 BBLs126,524 MCFAug 2024
State Norman 45-46Reeves County, TX11,184 BBLs68,868 MCFAug 2024
State Pampa 15-14Reeves County, TX4,803 BBLs26,799 MCFAug 2024
WorshamReeves County, TX22,013 BBLs73,121 MCFAug 2024
WorshamReeves County, TX1,719 BBLs10,913 MCFAug 2024

Companies in the Area

These are the closest 20 companies operating near the Longway 16 Unit property.

Company Name
Alcon H2oil LLC
Arco Oil & Gas Company
Atapco
Atlantic Operating, Inc.
Bennett, M. Brad Inc.
Caird Operating, LLC
Chevron Midcontinent, L.P.
Cimarex Energy Co
COG Operating LLC
Colgate Operating, LLC
Diamondback E&P LLC
Finley Resources Inc
Great Western Drilling Co
Jetta Operating Company Inc
Murphree Energy, Inc.
Noble Energy Inc
P.O.&G. Operating, LLC
Permian Resources Operating, LLC
Pitts Energy Co.
TD Natural Resources LLC

Owners of Longway 16 Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2024PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #131HPERMIAN RESOUR
2024PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #331HPERMIAN RESOUR
2024PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #132HPERMIAN RESOUR
2024PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #232HPERMIAN RESOUR
2024PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #131HPERMIAN RESOUR
2024MOORE BURROW LTDLONGWAY 16 UNIT #131HPERMIAN RESOUR
2024WORSHAM FAMILY LTD PARTNERSHIPLONGWAY 16 UNIT #131HPERMIAN RESOUR
2024PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #331HPERMIAN RESOUR
Displaying 8 of 120 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Longway 16 Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
08-292737LONGWAY 16 UNIT 131HAug 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HAug 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292747LONGWAY 16 UNIT 132HAug 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HAug 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292737LONGWAY 16 UNIT 131HJul 2024PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HJul 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HJul 2024PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HJul 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HJul 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HJul 2024PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HJul 2024PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HJul 2024PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HJul 2024PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HJul 2024PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HJul 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292747LONGWAY 16 UNIT 132HJul 2024PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HJun 2024PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HJun 2024PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HJun 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HJun 2024PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HJun 2024PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HJun 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HJun 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HJun 2024PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HJun 2024PERMIAN RESOURCES OPERATING, LLC