# Baxterville Field Unit Mineral Rights — Lamar County, Mississippi

## TL;DR

The Baxterville field in Lamar County, Mississippi is a long-tenured oil-producing field operated by Tellus Operating Group, with 27 historic wells dating back to 1945 and recent monthly production of 7,710 barrels (January 2026). The field represents a typical Mississippi mature waterflood operation with long-tail production profiles, often held by multi-generational heirs. Direct buyers value these interests using discounted cash flow models accounting for decline rates, remaining reserve life, and operator quality.

## Key Takeaways

- **Field Profile**: Baxterville field is located in Lamar County, Mississippi, operated by Tellus Operating Group with 27 historic wells and 81+ years of continuous production since 1945.
- **Recent Production**: The field produced 7,710 barrels of oil in January 2026, representing stable mature-field output.
- **Mississippi Production Context**: Mississippi's top 20 producing units collectively produce approximately 237,000 barrels per month — roughly one-third the production volume of Texas's top 20 units.
- **Ownership Complexity**: Many Baxterville interests are inherited multiple generations deep, with original lease bonuses paid in the 1940s-1960s era, resulting in out-of-state heirs across multiple jurisdictions.
- **EOR Dependency**: Mississippi's mature field landscape is dominated by waterflood and CO2 enhanced oil recovery (EOR) operations, with many fields fed by the Denbury Jackson Dome CO2 supply system.
- **Valuation Framework**: Direct buyers value these interests using 3-8% annual decline rates, 15-30+ year reserve life projections, and 9-13% discount rates for stable Mississippi unitized cash flows.

## Page Highlights

**Field Characteristics**: The Baxterville field demonstrates the long-tail production profile characteristic of Mississippi mature oil operations, with 81+ years of continuous production since the oldest spud date in 1945.

**Operator Profile**: Tellus Operating Group operates the Baxterville field as part of its long-tenured Mississippi mature-asset portfolio, which also includes the Yellow Creek West field.

**Mineral Interest Types**: Ownership structures include producing royalty interests (monthly revenue participation), non-producing mineral interests (fee mineral outside active zones), overriding royalty interests (ORRI), and non-participating royalty interests (NPRI).

**Valuation Inputs**: Key factors include annual decline rates (typically 3-8% on long-life Mississippi waterflood/EOR fields), remaining reserve life (often 15-30+ years), operator quality, CO2 supply constraints for Jackson Dome-supplied floods, and discount rates (typically 9-13%).

**Transaction Process**: Buckhead Energy handles remote transactions for out-of-state owners, including free written offers by email, deed execution before a notary in the owner's state, recording with the Lamar County clerk, and wire transfer of proceeds on the day of recording.

## Related Topics

- [How to Sell Mineral Rights](https://www.buckheadenergy.com/sell)
- [What Are My Minerals Worth?](https://www.buckheadenergy.com/sell)
- [Should I Sell Mineral Rights?](https://www.buckheadenergy.com/sell)
- [Beginner's Guide to Mineral Rights](https://www.buckheadenergy.com/sell)
- [Getting a Fair Price for Mineral Rights](https://www.buckheadenergy.com/sell)

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**About Buckhead Energy**: Buckhead Energy is a direct buyer of mineral rights and royalty interests with 18+ years of experience acquiring interests in mature oil and gas fields across the United States.  
**Ready to get a fair offer?** Visit https://www.buckheadenergy.com/sell for a free mineral rights valuation.