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 - Jan 2025
Total Oil Production1,151,007 BBLs
Total Gas Production6,583,253 MCF
Recent Oil Production12,245 BBLs in Dec 2024
Recent Gas Production110,631 MCF in Dec 2024
Wells on Property4

Our Valuation Estimates for Longway 16 Unit

ShaleAssessment™

Not Available

MarketMultiple™

$1,871,133 **

* 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 Jan 2025

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, TX8,901 BBLs37,567 MCFJan 2025
AllenReeves County, TX267 BBLs2,207 MCFJan 2025
Aruba State 15-14 UnitReeves County, TX11,094 BBLs66,686 MCFJan 2025
Big LubReeves County, TX291 BBLs2,908 MCFJan 2025
Bronze 6-15Reeves County, TX1,338 BBLs8,349 MCFJan 2025
Chevy 17Reeves County, TX275 BBLs1,451 MCFJan 2025
Curacao 18 UnitReeves County, TX14,527 BBLs71,744 MCFJan 2025
Deacon Jim 16Reeves County, TX0 BBLs0 MCFAug 2021
Haflinger 20Reeves County, TX15,204 BBLs15,054 MCFJan 2025
Hoefs Bertha EtalReeves County, TX42 BBLs295 MCFJan 2025
John Phillip Long State 18-19Reeves County, TX10,416 BBLs66,506 MCFJan 2025
Nickel 6-13Reeves County, TX318 BBLs1,756 MCFJan 2025
Nokota 19 DodtReeves County, TX14,230 BBLs37,517 MCFJan 2025
Percheron 46-45Reeves County, TX8,657 BBLs102,352 MCFJan 2025
SamsReeves County, TX246 BBLs1,373 MCFJan 2025
St. Lucia 17 UnitReeves County, TX16,998 BBLs137,125 MCFJan 2025
State Norman 45-46Reeves County, TX7,867 BBLs60,170 MCFJan 2025
State Pampa 15-14Reeves County, TX4,207 BBLs27,819 MCFJan 2025
WorshamReeves County, TX1,901 BBLs10,237 MCFJan 2025
WorshamReeves County, TX23,004 BBLs81,817 MCFJan 2025

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.
Basin Oil & Gas Operating, LLC
Bennett, M. Brad Inc.
Caird Operating, LLC
Cimarex Energy Co
COG Operating LLC
Colgate Operating, LLC
Diamondback E&P LLC
Finley Resources Inc
Jetta Operating Company Inc
Kings CRK Land Oil & Cattle, LLC
N & B Oil And Gas LLC
Noble Energy Inc
P.O.&G. Operating, LLC
Permian Resources Operating, LLC
Pitts Energy Co.
TD Natural Resources LLC

Frac'ing activity on Longway 16 Unit

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-389-39302Longway 16 Unit 131H
42-389-39303Longway 16 Unit 132H
42-389-39304Longway 16 Unit 232H
42-389-39332Longway 16 Unit 331H

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