How about West Texas

With the crowded courthouses, and more guys coming, seems like there should be a blog about the Permian Basin Shale play.

Chesapeake is most active , as is Petro Hunt,and others.

Price is leases appears to be fairly reasonable.

Activity really picking up.

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Permalink Reply by JHH on February 25, 2011 at 9:51
Ha!   I'd rather have the horse in front of the cart than the other way around. :)
Permalink Reply by Johnny Murff on February 14, 2012 at 5:26

Sooo, in the Permian Basin what is reasonable for lease prices....in real money, terms? I realize it has a lot to do with location, but I just haven't heard any hard numbers. Which counties are involved?

Thanks for your input. 

Permalink Reply by MLE on February 14, 2012 at 5:49

The price would depend heavily on the County. You're looking at a range from $50-$1,000 per acre.

Permalink Reply by Johnny Murff on February 14, 2012 at 12:34

Midland, Howard, Martin, Lubbock Counties. Somewhat more definate.....

Permalink Reply by MLE on February 14, 2012 at 12:35

Midland, Howard, and Martin will command much higher prices. Depending on the exact area, $500-$1000.

Lubbock, $50-$300

Permalink Reply by Johnny Murff on February 14, 2012 at 13:02

Thanks MLE!

Permalink Reply by JHH on February 14, 2012 at 8:15

If a Permian Basin group somehow gets started on this site... please let us know.  My family has some unleased minerals in Howard County.  thanks

Permalink Reply by JHH on February 15, 2012 at 2:11

I got a call last night saying companies as far away as Shreveport... or operate for companies in Shreveport/East Texas are gobbling up all available lands out west in the "New Permian" and drilling.  They are poking holes everywhere... just like the old days.  Don't have any specifics because PO Boxes are listed and "operating for" are shown.  Bottom line... there is a link to us... and a lot of activity out there if you have any mineral interest.

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