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 - Apr 2025
Total Oil Production1,183,379 BBLs
Total Gas Production6,899,454 MCF
Recent Oil Production11,655 BBLs in Mar 2025
Recent Gas Production110,749 MCF in Mar 2025
Wells on Property4

Our Valuation Estimates for Longway 16 Unit

ShaleAssessment

Not Available

MarketMultiple

$1,827,114 **

* 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 Apr 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, TX5,607 BBLs25,444 MCFApr 2025
Abaco State Shallow Unit 13Reeves County, TX22,893 BBLs95,317 MCFApr 2025
AllenReeves County, TX241 BBLs1,949 MCFApr 2025
Aruba State 15-14 UnitReeves County, TX12,358 BBLs197 MCFApr 2025
Big LubReeves County, TX278 BBLs1,921 MCFMar 2025
Bronze 6-15Reeves County, TX967 BBLs7,131 MCFApr 2025
Chevy 17Reeves County, TX143 BBLs609 MCFApr 2025
Curacao 18 UnitReeves County, TX14,760 BBLs67,498 MCFApr 2025
Deacon Jim 16Reeves County, TX0 BBLs0 MCFJul 2021
Haflinger 20Reeves County, TX12,740 BBLs15,074 MCFApr 2025
Hoefs Bertha EtalReeves County, TX47 BBLs839 MCFApr 2025
John Phillip Long State 18-19Reeves County, TX9,723 BBLs66,201 MCFApr 2025
Nickel 6-13Reeves County, TX313 BBLs2,362 MCFApr 2025
Nokota 19 DodtReeves County, TX10,988 BBLs35,690 MCFApr 2025
SamsReeves County, TX296 BBLs1,809 MCFApr 2025
St. Lucia 17 UnitReeves County, TX14,125 BBLs118,275 MCFApr 2025
State Norman 45-46Reeves County, TX6,902 BBLs44,266 MCFApr 2025
State Pampa 15-14Reeves County, TX4,361 BBLs28,240 MCFApr 2025
WorshamReeves County, TX20,170 BBLs73,347 MCFApr 2025
WorshamReeves County, TX1,450 BBLs8,926 MCFApr 2025

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
08-292737LONGWAY 16 UNIT 131HApr 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HApr 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HApr 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HApr 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HMar 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HMar 2025PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HMar 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HMar 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HMar 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HMar 2025PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HMar 2025PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HMar 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HMar 2025PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HMar 2025PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HMar 2025PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HMar 2025PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HMar 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HMar 2025PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HFeb 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HFeb 2025PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HFeb 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HFeb 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HFeb 2025PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HFeb 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HFeb 2025PERMIAN RESOURCES OPERATING, LLC