# Goldsmith-Landreth (Deep) Unit Mineral Rights in Ector County, Texas

## TL;DR

The Goldsmith-Landreth (Deep) Unit is a mature, actively-producing oil unit in Ector County, Texas, operated by Occidental Petroleum (OXY) in the Permian Basin. With 95 historic wells and continuous production since 1938, the unit produced 17,084 barrels of oil in February 2026. Mineral interests typically provide stable, long-tail royalty income through unitized waterflood and potential CO2 enhanced oil recovery operations.

## Key Takeaways

- **Long production history**: The Goldsmith-Landreth (Deep) Unit has been producing continuously since 1938 — over 88 years of active operations in the Goldsmith field
- **Significant scale**: 95 historic wells targeting deeper San Andres and underlying horizons in the Permian Basin (Central Basin Platform)
- **Recent production**: 17,084 barrels of oil produced in February 2026, demonstrating ongoing field viability
- **Established operator**: Occidental Petroleum (OXY) operates the unit with modern pressure maintenance, waterflood, and potential CO2 EOR techniques
- **Valuation range**: Direct buyers typically use 8-12% discount rates for stable unitized cash flows, with 3-8% annual decline rates and 15-30+ year remaining reserve life
- **Multi-generational ownership**: Many mineral interests are inherited multiple generations deep, with original lease bonuses paid in the 1930s-1960s era
- **Remote transaction capability**: Out-of-state owners can complete sales remotely with offers by email, notarized deeds, county recording, and same-day wire transfer

## Page Highlights

**Unit Overview**: The Goldsmith-Landreth (Deep) Unit is located in Ector County, Texas (RRC District 10) and operated by Occidental Petroleum. The unit has 95 wells with the oldest spud date in 1938, demonstrating the long-tail production profile characteristic of mature Permian Basin unitized operations.

**Field Geology**: The Goldsmith field sits in the Permian Basin (Central Basin Platform) and has produced oil continuously for 88+ years. Modern unitization has stabilized production through pressure maintenance, waterflood, and potential CO2 enhanced oil recovery operations.

**Mineral Interest Types**: Ownership typically includes producing royalty interests (tied to monthly unit revenue), non-producing mineral interests (fee ownership outside active zones), overriding royalty interests (ORRI carved from working interests), and non-participating royalty interests (NPRI with no leasing rights).

**Valuation Factors**: Buyers use discounted cash flow models incorporating 3-8% annual decline rates, 15-30+ year remaining reserve life, operator quality, potential CO2 EOR upside not reflected in current rates, and 8-12% discount rates for stable cash flows.

**Sales Process**: Buckhead Energy purchases mineral rights remotely for out-of-state and multi-generational owners, handling free written offers, notarized deed execution, Ector County clerk recording, and same-day wire transfer of proceeds.

## Related Topics

- [How to Sell Mineral Rights](https://www.buckheadenergy.com/how-to-sell)
- [What Are My Minerals Worth?](https://www.buckheadenergy.com/what-are-minerals-worth)
- [Should I Sell?](https://www.buckheadenergy.com/should-i-sell)
- [Beginner's Guide](https://www.buckheadenergy.com/beginners-guide)
- [Getting a Fair Price](https://www.buckheadenergy.com/fair-price)
- [Permian Basin (Central Basin Platform) Mineral Rights Guide](https://www.buckheadenergy.com/permian-basin-central-basin-platform)

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**About Buckhead Energy**: Buckhead Energy is a direct buyer of mineral rights and royalty interests with 18+ years of experience. We provide free, no-obligation written offers and handle the entire transaction remotely for mineral owners nationwide.

Ready to explore your options? [Get your free mineral rights valuation](https://www.buckheadenergy.com/sell)