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 - Feb 2026
Total Oil Production1,266,875 BBLs
Total Gas Production7,753,813 MCF
Recent Oil Production5,730 BBLs in Jan 2026
Recent Gas Production65,999 MCF in Jan 2026
Wells on Property4

Our Valuation Estimates for Longway 16 Unit

ShaleAssessment

Not Available

MarketMultiple

$1,392,644 **

* 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 Feb 2026

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, TX2,614 BBLs15,454 MCFFeb 2026
Abaco State Shallow Unit 13Reeves County, TX10,474 BBLs47,315 MCFFeb 2026
Aruba State 15-14 UnitReeves County, TX9,378 BBLs56,121 MCFFeb 2026
Bronze 6-15Reeves County, TX852 BBLs5,586 MCFFeb 2026
Chevy 17Reeves County, TX169 BBLs998 MCFFeb 2026
Choctaw 1-21Reeves County, TX4,206 BBLs24,410 MCFFeb 2026
Curacao 18 UnitReeves County, TX15,762 BBLs89,770 MCFFeb 2026
Deacon Jim 16Reeves County, TX0 BBLs0 MCFJul 2021
Haflinger 20Reeves County, TX11,490 BBLs23,261 MCFFeb 2026
Hoefs Bertha EtalReeves County, TX0 BBLs64 MCFFeb 2026
John Phillip Long State 18-19Reeves County, TX10,533 BBLs59,678 MCFFeb 2026
Nickel 6-13Reeves County, TX346 BBLs1,496 MCFFeb 2026
Nokota 19 DodtReeves County, TX9,866 BBLs13,952 MCFFeb 2026
Percheron 46-45Reeves County, TX7,314 BBLs62,613 MCFFeb 2026
SamsReeves County, TX110 BBLs720 MCFFeb 2026
St. Lucia 17 UnitReeves County, TX11,471 BBLs119,575 MCFFeb 2026
State Norman 45-46Reeves County, TX6,837 BBLs60,301 MCFFeb 2026
State Pampa 15-14Reeves County, TX3,157 BBLs8,467 MCFFeb 2026
WorshamReeves County, TX1,132 BBLs9,105 MCFFeb 2026
WorshamReeves County, TX15,848 BBLs57,980 MCFFeb 2026

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
2025PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #131HPERMIAN RESOUR
2025PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #132HPERMIAN RESOUR
2025PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #232HPERMIAN RESOUR
2025PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #331HPERMIAN RESOUR
2025PR ROYALTIESLONGWAY 16 UNIT #131HPERMIAN RESOUR
2025MOORE BURROW LTDLONGWAY 16 UNIT #131HPERMIAN RESOUR
2025WORSHAM FAMILY LTD PARTNERSHIPLONGWAY 16 UNIT #131HPERMIAN RESOUR
2025PR ROYALTIESLONGWAY 16 UNIT #132HPERMIAN RESOUR
Displaying 8 of 116 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
08-292777LONGWAY 16 UNIT 331HDec 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HDec 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HDec 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HDec 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HNov 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HNov 2025PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HNov 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HNov 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HNov 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HNov 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HNov 2025PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HNov 2025PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HNov 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HNov 2025PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HNov 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HNov 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HOct 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HOct 2025PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HOct 2025PERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HOct 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HOct 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HOct 2025PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HOct 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HOct 2025PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HOct 2025ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC