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 - Dec 2025
Total Oil Production1,256,377 BBLs
Total Gas Production7,625,212 MCF
Recent Oil Production8,886 BBLs in Nov 2025
Recent Gas Production90,279 MCF in Nov 2025
Wells on Property4

Our Valuation Estimates for Longway 16 Unit

ShaleAssessment™

Not Available

MarketMultiple™

$1,424,127 **

* 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 Dec 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, TX2,229 BBLs14,899 MCFDec 2025
Abaco State Shallow Unit 13Reeves County, TX12,321 BBLs53,336 MCFDec 2025
AllenReeves County, TX186 BBLs2,150 MCFDec 2025
Aruba State 15-14 UnitReeves County, TX7,114 BBLs37,592 MCFDec 2025
Bronze 6-15Reeves County, TX1,375 BBLs8,617 MCFDec 2025
Chevy 17Reeves County, TX374 BBLs1,385 MCFDec 2025
Curacao 18 UnitReeves County, TX16,128 BBLs90,321 MCFDec 2025
Deacon Jim 16Reeves County, TX0 BBLs0 MCFAug 2021
Haflinger 20Reeves County, TX11,690 BBLs22,507 MCFDec 2025
Hoefs Bertha EtalReeves County, TX173 BBLs64 MCFDec 2025
John Phillip Long State 18-19Reeves County, TX9,162 BBLs48,502 MCFDec 2025
Nickel 6-13Reeves County, TX323 BBLs1,658 MCFDec 2025
Nokota 19 DodtReeves County, TX9,281 BBLs17,834 MCFDec 2025
Percheron 46-45Reeves County, TX6,202 BBLs88,100 MCFDec 2025
SamsReeves County, TX171 BBLs1,367 MCFDec 2025
St. Lucia 17 UnitReeves County, TX9,421 BBLs95,552 MCFDec 2025
State Norman 45-46Reeves County, TX6,841 BBLs48,755 MCFDec 2025
State Pampa 15-14Reeves County, TX3,358 BBLs13,509 MCFDec 2025
WorshamReeves County, TX1,198 BBLs2,976 MCFDec 2025
WorshamReeves County, TX17,673 BBLs67,999 MCFDec 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.
N & B Oil And Gas LLC
Noble Energy Inc
P.O.&G. Operating, LLC
Permian Resources Operating, LLC
Petrohawk Operating Company
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
08-292777LONGWAY 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