Longway 16 Unit

Oil & Gas Property in Reeves County, TX

Property Summary

Key data points for Longway 16 Unit

CountyReeves County, TX
OperatorPERMIAN RESOURCES OPERATING, LLC
Production DatesOct 2021 - Oct 2024
Total Oil Production1,117,179 BBLs
Total Gas Production6,263,344 MCF
Recent Oil Production10,702 BBLs in Sep 2024
Recent Gas Production111,975 MCF in Sep 2024
Wells on Property4

Our Valuation Estimates for Longway 16 Unit

ShaleAssessment

Not Available

MarketMultiple

$2,001,608 **

* 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 Oct 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
Abaco State Deep UnitReeves County, TX25,229 BBLs85,229 MCFOct 2024
Abaco State Shallow Unit 13Reeves County, TX61,509 BBLs146,127 MCFOct 2024
Aruba State 15-14 UnitReeves County, TX10,386 BBLs62,404 MCFOct 2024
Big LubReeves County, TX465 BBLs3,042 MCFOct 2024
Bronze 6-15Reeves County, TX920 BBLs5,085 MCFOct 2024
Chevy 17Reeves County, TX567 BBLs2,747 MCFOct 2024
Curacao 18 UnitReeves County, TX14,882 BBLs74,417 MCFOct 2024
Deacon Jim 16Reeves County, TX0 BBLs0 MCFJul 2021
Haflinger 20Reeves County, TX14,731 BBLs21,893 MCFOct 2024
Hoefs Bertha EtalReeves County, TX7 BBLs34 MCFOct 2024
John Phillip Long State 18-19Reeves County, TX9,778 BBLs65,934 MCFOct 2024
Nickel 6-13Reeves County, TX731 BBLs4,158 MCFOct 2024
Nokota 19 DodtReeves County, TX10,502 BBLs18,282 MCFOct 2024
Percheron 46-45Reeves County, TX8,969 BBLs100,473 MCFOct 2024
SamsReeves County, TX272 BBLs1,829 MCFSep 2024
St. Lucia 17 UnitReeves County, TX18,747 BBLs129,655 MCFOct 2024
State Norman 45-46Reeves County, TX8,003 BBLs61,090 MCFOct 2024
State Pampa 15-14Reeves County, TX4,407 BBLs28,692 MCFOct 2024
WorshamReeves County, TX1,822 BBLs9,502 MCFOct 2024
WorshamReeves County, TX22,905 BBLs70,962 MCFOct 2024

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
08-292745LONGWAY 16 UNIT 232HOct 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HOct 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292747LONGWAY 16 UNIT 132HOct 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292737LONGWAY 16 UNIT 131HOct 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292747LONGWAY 16 UNIT 132HSep 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292747LONGWAY 16 UNIT 132HSep 2024PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HSep 2024PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HSep 2024PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HSep 2024PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HSep 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292737LONGWAY 16 UNIT 131HSep 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HSep 2024PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HSep 2024PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HSep 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HSep 2024PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HSep 2024PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HAug 2024PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HAug 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292737LONGWAY 16 UNIT 131HAug 2024PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HAug 2024ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HAug 2024PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HAug 2024PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HAug 2024PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HAug 2024PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HAug 2024PERMIAN RESOURCES OPERATING, LLC