Longway 16 Unit

Oil & Gas Property in Reeves County, TX

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Property Summary

Key data points for Longway 16 Unit

CountyReeves County, TX
OperatorPERMIAN RESOURCES OPERATING, LLC
Production DatesOct 2021 - May 2026
Total Oil Production1,292,939 BBLs
Total Gas Production7,999,192 MCF
Recent Oil Production8,677 BBLs in Apr 2026
Recent Gas Production80,324 MCF in Apr 2026
Wells on Property4

Our Valuation Estimates for Longway 16 Unit

ShaleAssessment

Not Available

MarketMultiple

$1,327,308 **

* 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 May 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, TX2,351 BBLs12,969 MCFMay 2026
Abaco State Shallow Unit 13Reeves County, TX7,638 BBLs35,233 MCFMay 2026
Aruba State 15-14 UnitReeves County, TX8,901 BBLs58,323 MCFMay 2026
Bronze 6-15Reeves County, TX1,202 BBLs9,688 MCFMay 2026
Chevy 17Reeves County, TX308 BBLs1,876 MCFMay 2026
Choctaw 1-21Reeves County, TX3,638 BBLs23,590 MCFMay 2026
Curacao 18 UnitReeves County, TX13,575 BBLs79,462 MCFMay 2026
Deacon Jim 16Reeves County, TX0 BBLs0 MCFJul 2021
Haflinger 20Reeves County, TX10,635 BBLs25,124 MCFMay 2026
Hoefs Bertha EtalReeves County, TX72 BBLs64 MCFMay 2026
John Phillip Long State 18-19Reeves County, TX9,215 BBLs57,292 MCFMay 2026
Nickel 6-13Reeves County, TX449 BBLs1,501 MCFMay 2026
Nokota 19 DodtReeves County, TX9,327 BBLs32,647 MCFMay 2026
Percheron 46-45Reeves County, TX5,696 BBLs78,749 MCFMay 2026
SamsReeves County, TX182 BBLs805 MCFMay 2026
St. Lucia 17 UnitReeves County, TX8,287 BBLs83,339 MCFMay 2026
State Norman 45-46Reeves County, TX6,142 BBLs39,090 MCFMay 2026
State Pampa 15-14Reeves County, TX3,579 BBLs16,900 MCFMay 2026
WorshamReeves County, TX1,488 BBLs11,435 MCFMay 2026
WorshamReeves County, TX16,099 BBLs61,265 MCFMay 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
08-292745LONGWAY 16 UNIT 232HMar 2026ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HMar 2026ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HMar 2026ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HMar 2026ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HFeb 2026PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HFeb 2026PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HFeb 2026PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HFeb 2026ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HFeb 2026PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HFeb 2026PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HFeb 2026ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HFeb 2026ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HFeb 2026PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HFeb 2026PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HFeb 2026PERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HFeb 2026ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HJan 2026PERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HJan 2026ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292747LONGWAY 16 UNIT 132HJan 2026PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HJan 2026PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HJan 2026ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HJan 2026PERMIAN RESOURCES OPERATING, LLC
08-292745LONGWAY 16 UNIT 232HJan 2026PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292777LONGWAY 16 UNIT 331HJan 2026PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC
08-292737LONGWAY 16 UNIT 131HJan 2026PERMIAN RESOURCES OPERATING, LLCPERMIAN RESOURCES OPERATING, LLC