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 - Jan 2024
Total Oil Production934,162 BBLs
Total Gas Production5,309,318 MCF
Recent Oil Production16,331 BBLs in Dec 2023
Recent Gas Production133,444 MCF in Dec 2023
Wells on Property4

Our Valuation Estimates for Longway 16 Unit

ShaleAssessment

Not Available

MarketMultiple

$3,026,482 **

* 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 Jan 2024

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
Aruba State 15-14 UnitReeves County, TX15,382 BBLs73,421 MCFJan 2024
Big LubReeves County, TX357 BBLs3,571 MCFJan 2024
Bronze 6-15Reeves County, TX1,440 BBLs8,739 MCFJan 2024
Chevy 17Reeves County, TX399 BBLs2,329 MCFJan 2024
Choctaw 1-21Reeves County, TX5,671 BBLs32,009 MCFJan 2024
Curacao 18 UnitReeves County, TX20,683 BBLs79,972 MCFJan 2024
Deacon Jim 16Reeves County, TX0 BBLs0 MCFJul 2021
Haflinger 20Reeves County, TX15,155 BBLs21,646 MCFJan 2024
Hoefs Bertha EtalReeves County, TX112 BBLs320 MCFJan 2024
John Phillip Long State 18-19Reeves County, TX19,027 BBLs93,715 MCFJan 2024
KW StateReeves County, TX1 BBLs312 MCFDec 2023
Nickel 6-13Reeves County, TX566 BBLs2,840 MCFJan 2024
Nokota 19 DodtReeves County, TX12,700 BBLs22,741 MCFJan 2024
Percheron 46-45Reeves County, TX9,114 BBLs93,259 MCFJan 2024
SamsReeves County, TX170 BBLs2,665 MCFJan 2024
St. Lucia 17 UnitReeves County, TX20,905 BBLs145,346 MCFJan 2024
State Norman 45-46Reeves County, TX9,577 BBLs60,676 MCFJan 2024
State Pampa 15-14Reeves County, TX4,977 BBLs45,809 MCFJan 2024
WorshamReeves County, TX25,632 BBLs70,821 MCFJan 2024
WorshamReeves County, TX2,316 BBLs12,936 MCFJan 2024

Owners of Longway 16 Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2023PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #131HPERMIAN RESOUR
2023PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #132HPERMIAN RESOUR
2023PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #232HPERMIAN RESOUR
2023PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #331HPERMIAN RESOUR
2023PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #131HPERMIAN RESOUR
2023PERMIAN RESOURCES OPERATING LLCLONGWAY 16 UNIT #132HPERMIAN RESOUR
2023MOORE BURROW LTDLONGWAY 16 UNIT #131HPERMIAN RESOUR
2023MOORE BURROW LTDLONGWAY 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 131HDec 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HDec 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292747LONGWAY 16 UNIT 132HDec 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HDec 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HNov 2023EAGLECLAW MIDSTREAM VENTURES, LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HNov 2023PERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HNov 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292737LONGWAY 16 UNIT 131HNov 2023EAGLECLAW MIDSTREAM VENTURES, LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292737LONGWAY 16 UNIT 131HNov 2023PERMIAN RESOURCES MANAGEMENT, LLC
08-292737LONGWAY 16 UNIT 131HNov 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292747LONGWAY 16 UNIT 132HNov 2023EAGLECLAW MIDSTREAM VENTURES, LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292747LONGWAY 16 UNIT 132HNov 2023PERMIAN RESOURCES MANAGEMENT, LLC
08-292747LONGWAY 16 UNIT 132HNov 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HNov 2023EAGLECLAW MIDSTREAM VENTURES, LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HNov 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HNov 2023PERMIAN RESOURCES MANAGEMENT, LLC
08-292737LONGWAY 16 UNIT 131HOct 2023EAGLECLAW MIDSTREAM VENTURES, LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292737LONGWAY 16 UNIT 131HOct 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292737LONGWAY 16 UNIT 131HOct 2023PERMIAN RESOURCES MANAGEMENT, LLC
08-292747LONGWAY 16 UNIT 132HOct 2023EAGLECLAW MIDSTREAM VENTURES, LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HOct 2023EAGLECLAW MIDSTREAM VENTURES, LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HOct 2023PERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HOct 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292745LONGWAY 16 UNIT 232HOct 2023EAGLECLAW MIDSTREAM VENTURES, LLCPERMIAN RESOURCES MANAGEMENT, LLC
08-292777LONGWAY 16 UNIT 331HOct 2023ENTERPRISE CRUDE OIL LLCPERMIAN RESOURCES MANAGEMENT, LLC