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 - Jul 2025
Total Oil Production1,210,937 BBLs
Total Gas Production7,176,695 MCF
Recent Oil Production8,548 BBLs in Jun 2025
Recent Gas Production89,374 MCF in Jun 2025
Wells on Property4

Our Valuation Estimates for Longway 16 Unit

ShaleAssessment™

Not Available

MarketMultiple™

$1,710,221 **

* 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 Jul 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, TX3,929 BBLs17,628 MCFJul 2025
Abaco State Shallow Unit 13Reeves County, TX14,722 BBLs70,030 MCFJul 2025
AllenReeves County, TX216 BBLs1,856 MCFJul 2025
Aruba State 15-14 UnitReeves County, TX9,755 BBLs54,355 MCFJul 2025
Bronze 6-15Reeves County, TX545 BBLs5,939 MCFJul 2025
Chevy 17Reeves County, TX106 BBLs602 MCFJul 2025
Curacao 18 UnitReeves County, TX15,104 BBLs69,804 MCFJul 2025
Deacon Jim 16Reeves County, TX0 BBLs0 MCFJul 2021
Haflinger 20Reeves County, TX12,714 BBLs24,751 MCFJul 2025
Hoefs Bertha EtalReeves County, TX178 BBLs158 MCFJul 2025
John Phillip Long State 18-19Reeves County, TX10,429 BBLs63,141 MCFJul 2025
Nickel 6-13Reeves County, TX385 BBLs2,705 MCFJul 2025
Nokota 19 DodtReeves County, TX10,532 BBLs38,199 MCFJul 2025
Percheron 46-45Reeves County, TX6,845 BBLs94,359 MCFJul 2025
SamsReeves County, TX211 BBLs1,627 MCFJul 2025
St. Lucia 17 UnitReeves County, TX10,891 BBLs96,234 MCFJul 2025
State Norman 45-46Reeves County, TX6,964 BBLs43,647 MCFJul 2025
State Pampa 15-14Reeves County, TX3,630 BBLs13,521 MCFJul 2025
WorshamReeves County, TX18,474 BBLs66,848 MCFJul 2025
WorshamReeves County, TX1,510 BBLs9,160 MCFJul 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.
Bennett, M. Brad Inc.
Caird Operating, LLC
Chevron Midcontinent, L.P.
Cimarex Energy Co.
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
TD Natural Resources LLC
U. S. Energy Development Corporation
Union Oil Co Of California

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
08-292737LONGWAY 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