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 - Nov 2024
Total Oil Production1,129,038 BBLs
Total Gas Production6,367,861 MCF
Recent Oil Production12,262 BBLs in Oct 2024
Recent Gas Production115,429 MCF in Oct 2024
Wells on Property4

Our Valuation Estimates for Longway 16 Unit

ShaleAssessment

Not Available

MarketMultiple

$1,959,098 **

* 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 Nov 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, TX14,053 BBLs52,179 MCFNov 2024
Abaco State Shallow Unit 13Reeves County, TX43,891 BBLs109,427 MCFNov 2024
AllenReeves County, TX224 BBLs1,900 MCFNov 2024
Aruba State 15-14 UnitReeves County, TX11,391 BBLs67,994 MCFNov 2024
Big LubReeves County, TX390 BBLs2,580 MCFNov 2024
Bronze 6-15Reeves County, TX975 BBLs4,487 MCFNov 2024
Chevy 17Reeves County, TX255 BBLs1,302 MCFNov 2024
Curacao 18 UnitReeves County, TX16,189 BBLs74,656 MCFNov 2024
Deacon Jim 16Reeves County, TX0 BBLs0 MCFAug 2021
Haflinger 20Reeves County, TX14,793 BBLs25,685 MCFNov 2024
Hoefs Bertha EtalReeves County, TX26 BBLs0 MCFNov 2024
John Phillip Long State 18-19Reeves County, TX11,495 BBLs67,281 MCFNov 2024
Nickel 6-13Reeves County, TX607 BBLs3,800 MCFNov 2024
Nokota 19 DodtReeves County, TX11,300 BBLs21,032 MCFNov 2024
SamsReeves County, TX280 BBLs1,235 MCFNov 2024
St. Lucia 17 UnitReeves County, TX16,675 BBLs119,336 MCFNov 2024
State Norman 45-46Reeves County, TX8,133 BBLs62,509 MCFNov 2024
State Pampa 15-14Reeves County, TX4,332 BBLs29,092 MCFNov 2024
WorshamReeves County, TX1,788 BBLs10,983 MCFNov 2024
WorshamReeves County, TX24,163 BBLs81,003 MCFNov 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