# Bennett Ranch Unit Mineral Rights — Yoakum County, Texas

**TL;DR:** The Bennett Ranch Unit is a mature, actively producing oil unit in Yoakum County, Texas, operated by Occidental Petroleum in the Wasson field. With 142 wells and continuous production since 1938, the unit produced 66,489 barrels of oil in February 2026. Mineral owners typically receive stable, long-tail royalty income from this unitized operation with potential CO2 enhanced oil recovery upside.

## Key Takeaways

- **Location & Operator:** Bennett Ranch Unit is in Yoakum County, Texas (Railroad Commission District 8A), operated by Occidental Petroleum in the Wasson field
- **Production History:** 142 historic wells with the oldest spud date of 1938 — representing 88+ years of continuous oil production
- **Current Production:** Recent monthly production of 66,489 barrels of oil as of February 2026
- **Field Characteristics:** Part of one of the largest CO2 enhanced oil recovery (EOR) projects in U.S. history, providing potential upside beyond current production rates
- **Ownership Profile:** Many mineral interests are inherited multiple generations deep, with original leases dating to the 1930s-1960s era
- **Valuation Parameters:** Direct buyers typically use 3-8% annual decline rates, 15-30+ year remaining reserve life, and 8-12% discount rates for stable unitized cash flows
- **Transaction Process:** Remote sales are common for out-of-state owners, with the entire process handled via email, notary, county recording, and wire transfer

## Page Highlights

**Unit Overview:** The Bennett Ranch Unit operates in Yoakum County's Wasson field under Occidental Petroleum, with 142 wells dating back to 1938 and monthly production of 66,489 barrels of oil in February 2026.

**Geology & Production:** The Wasson field has produced continuously for 88+ years in the Permian Basin, with modern unitization stabilizing production through pressure maintenance, waterflood, and CO2 enhanced oil recovery operations.

**Mineral Interest Types:** Owners typically hold producing royalty interests, non-producing mineral interests, overriding royalty interests (ORRI), or non-participating royalty interests (NPRI), often inherited across multiple generations.

**Valuation Methodology:** Buyers evaluate Bennett Ranch Unit interests using discounted cash flow analysis incorporating decline rates (3-8% annually), remaining reserve life (15-30+ years), operator quality, CO2 EOR upside potential, and discount rates (8-12%).

**Sales Process:** Buckhead Energy handles remote transactions for out-of-state owners with free written offers, deed execution, Yoakum County recording, and same-day wire transfer of proceeds.

**Comparative Context:** The page positions the Wasson field's CO2 EOR operations alongside Mississippi's Jackson Dome CO2 EOR cluster as the two largest U.S. CO2 EOR regions.

## Related Topics

- [How to Sell Mineral Rights](https://www.buckheadenergy.com) (referenced in "Related Guides")
- [What Are My Minerals Worth?](https://www.buckheadenergy.com) (referenced in "Related Guides")
- [Should I Sell?](https://www.buckheadenergy.com) (referenced in "Related Guides")
- [Beginner's Guide](https://www.buckheadenergy.com) (referenced in "Related Guides")
- [Getting a Fair Price](https://www.buckheadenergy.com) (referenced in "Related Guides")
- [Permian Basin mineral rights guide](https://www.buckheadenergy.com) (referenced in context)
- [Mississippi Mineral Rights State Hub](https://www.buckheadenergy.com) (referenced in "CO2 EOR Comparison")

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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 producing and non-producing minerals across major U.S. oil and gas basins.

**Ready to sell your mineral rights?** Get a free, no-obligation written offer at https://www.buckheadenergy.com/sell