Bennett Ranch Unit Mineral Rights — Yoakum County, Texas

Unit Overview

About the Bennett Ranch Unit

The Bennett Ranch Unit is one of the most active long-tenured oil units in west Texas Permian Basin. With 142 historic wells, an oldest spud date of 1938, and recent monthly production of 66,489 barrels of oil (February 2026), the unit demonstrates the long-tail production profile that characterizes mature unitized oil operations in the Permian Basin.

OXY operates the Bennett Ranch Unit as part of the giant Wasson field complex — one of the largest CO2 EOR projects in U.S. history.

Wasson Field Geology & Production

The Wasson field sits in the Permian Basin. The field has been producing oil since 1938 — a continuous production history spanning 88+ years. Modern operating consolidation under the Bennett Ranch Unit framework has stabilized field-level production through pressure maintenance, waterflood, and (where applicable) CO2 enhanced oil recovery (EOR) operations.

For broader context on the Permian Basin producing region, see our Permian Basin mineral rights guide.

Mineral Interest Profile

Mineral interests in the Bennett Ranch Unit typically take one of these forms:

Producing royalty interest — your tract's contribution to the unit's monthly revenue, paid by the operator

Non-producing mineral interest — fee mineral ownership in a tract currently outside active producing zones

Overriding royalty interest (ORRI) — a royalty carved out of a working interest

Non-participating royalty interest (NPRI) — a royalty interest with no leasing or development rights

Many Bennett Ranch Unit interests are inherited multiple generations deep, with original lease bonus paid in the 1930s-1960s era. Current Bennett Ranch Unit mineral owners frequently include heirs spread across multiple states.

Valuation Considerations

Direct buyers value Bennett Ranch Unit mineral interests using a discounted cash flow approach with these key inputs:

Decline rate — typically 3-8% annual on long-life unitized waterflood / EOR wells

Remaining reserve life — often 15-30+ years on actively-maintained units

Operator quality — well-maintained units (Occidental Petroleum (OXY) is established in west Texas Permian Basin) typically deliver predictable production

EOR upside — many Permian Basin units have CO2 EOR or other tertiary recovery upside not reflected in current production rates

Discount rate — typically 8-12% for stable unitized cash flows

Selling Bennett Ranch Unit Mineral Rights

Buckhead Energy buys mineral rights and royalty interests on the Bennett Ranch Unit. Out-of-state owners are common — many interests are inherited multiple generations deep. We handle the entire process remotely: free written offer by email, deed signed before a notary in your state, recorded with the Yoakum County clerk, and proceeds wired the day of recording.

Get a Free Bennett Ranch Unit Valuation

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