Home to the #1 individual well in Stephens County — Caldwell-Breckenridge Unit 145 produced 4,192 bbl in Feb 2026. Operated by BASA Resources with 43 active wells.
Get Your Free Mineral ValuationCounty: Stephens County, Texas
Field: Stephens County Regular (RRC catch-all)
Producing formation: Caddo Limestone (Pennsylvanian)
Operator: BASA Resources
Active wells: 43
Oldest / newest spud: 1975 / 2002
Feb 2026 oil production: 7,329 bbl
Recovery method: waterflood (with selective Caddo Disposal directional re-entries)
The Caldwell-Breckenridge Unit holds the #1 individual oil well in Stephens County: Caldwell-Breckenridge Unit 145, a vertical Caddo well spud in 1979 that produced 4,192 bbl in February 2026. The unit’s #2 producer (well #162, vertical Caddo, 1999 spud) added another 2,745 bbl. Together, those two wells alone account for over 90% of the unit’s monthly production.
The Caldwell-Breckenridge Unit produces Feb 2026 monthly oil of 7,329 bbl across 43 active wells (the #4 unit in the county). Notably, the well distribution is skewed: a few high-rate vertical wells dominate, while the majority of the 43 wells produce only stripper rates. This is consistent with the Caddo Limestone’s heterogeneous reservoir character — small fracture networks create localized sweet spots.
Mineral interests in the Caldwell-Breckenridge 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) — royalty carved out of a working interest
Non-participating royalty interest (NPRI) — royalty interest with no leasing or development rights
Many Caldwell-Breckenridge Unit interests trace their original lease bonus payment to the 1917-1925 Breckenridge oil boom era, with current ownership typically having passed through 3-5 generations of heirs.
Buckhead Energy buys mineral rights and royalty interests on the Caldwell-Breckenridge Unit. Out-of-state owners are common — we handle the entire process remotely with free written offers, deed signed before a notary in your state, and proceeds wired the day of recording.
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