# Cranfield Field Unit Mineral Rights in Adams County, Mississippi

## TL;DR

The Cranfield field in Adams County, Mississippi is a mature oil-producing unit operated by Durango Operating, with 6 historic wells dating back to 1945 and recent production of 398 barrels of oil per month (January 2026). Originally Mississippi's first commercial CO2 flood and home to the SECARB CO2 sequestration test site, the field is now transitioning toward sequestration-only operations while maintaining long-tail production characteristic of mature Mississippi EOR fields.

## Key Takeaways

- **Cranfield field is in Adams County, Mississippi, operated by Durango Operating** with 6 historic wells and the oldest spud date in 1945—representing 81+ years of continuous production.

- **Recent monthly production stands at 398 barrels of oil (January 2026)**, demonstrating the long-tail production profile typical of mature Mississippi oil operations.

- **The field was Mississippi's first commercial CO2 flood (Denbury 2008)** and served as the SECARB CO2 sequestration test site before transitioning toward sequestration-only operations.

- **Mississippi's top 20 producing units collectively produce approximately 237,000 barrels per month**—about one-third the size of Texas's top 20 units—with production dominated by long-life waterflood and CO2 enhanced oil recovery operations.

- **Many Mississippi EOR fields rely on the Denbury Jackson Dome CO2 supply system**, which creates CO2 supply constraints that affect long-term reserve life projections and EOR economics.

- **Valuation of Cranfield mineral interests uses discounted cash flow analysis** with decline rates typically 3-8% annual, remaining reserve life of 15-30+ years, and discount rates of 9-13% for stable Mississippi unitized cash flows.

- **Many Cranfield field mineral interests are inherited multiple generations deep**, with original lease bonuses paid in the 1940s-1960s era and current owners frequently spread across multiple states.

- **Direct buyers handle the entire remote transaction process** including free written offers by email, deed signing before a notary in the owner's state, recording with Adams County clerk, and same-day wire transfer of proceeds.

## Page Highlights

**Field Overview**: The Cranfield field has operated continuously since 1945 in Adams County, Mississippi, with 6 historic wells currently producing 398 barrels of oil monthly under Durango Operating.

**Historical Significance**: Cranfield holds distinction as Mississippi's first commercial CO2 flood (initiated by Denbury in 2008) and hosted the SECARB CO2 sequestration test site before transitioning toward sequestration-focused operations.

**Mississippi Production Context**: The state's top 20 producing units generate approximately 237,000 barrels monthly—one-third the scale of Texas top 20—with production concentrated in long-life waterflood and CO2 EOR operations fed by the Denbury Jackson Dome CO2 supply system.

**Mineral Interest Types**: Ownership forms include producing royalty interests (monthly revenue share), non-producing mineral interests (fee ownership outside active zones), overriding royalty interests (carved from working interests), and non-participating royalty interests (royalty without leasing rights).

**Ownership Characteristics**: Many interests are inherited multiple generations deep with original lease bonuses from the 1940s-1960s, resulting in heirs dispersed across multiple states.

**Valuation Methodology**: Direct buyers apply discounted cash flow analysis incorporating 3-8% annual decline rates, 15-30+ year reserve life, operator quality assessment, CO2 supply constraints from Jackson Dome dependency, and 9-13% discount rates for stable unitized cash flows.

**Sales Process**: Buckhead Energy handles remote transactions for out-of-state owners through free written email offers, notarized deed execution in the owner's state, Adams County recording, and same-day wire transfer upon recording.

## Related Topics

- [How to Sell Mineral Rights](https://www.buckheadenergy.com/sell) — Complete process guide for mineral owners
- [What Are My Minerals Worth?](https://www.buckheadenergy.com/sell) — Valuation methodology and factors
- [Should I Sell?](https://www.buckheadenergy.com/sell) — Decision framework for mineral owners
- [Beginner's Guide](https://www.buckheadenergy.com/sell) — Introduction to mineral rights ownership
- [Getting a Fair Price](https://www.buckheadenergy.com/sell) — Pricing considerations and market dynamics

---

**About Buckhead Energy**: Buckhead Energy is a direct buyer of mineral rights and royalty interests with 18+ years of experience acquiring mineral interests across major U.S. oil and gas producing regions.

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