# Junction City Field Unit Mineral Rights in Clarke County, Mississippi

**TL;DR:** The Junction City field in Clarke County, Mississippi has produced oil continuously since 1960, operated by Petes Pumping & Well Service with 8 historic wells generating 1,771 barrels monthly as of January 2026. Many mineral interests are inherited across multiple generations, and direct buyers value these using 15-30+ year reserve life assumptions typical of Mississippi's mature waterflood and EOR operations.

## Key Takeaways

- Junction City field produced 1,771 barrels of oil in January 2026 from 8 wells operated by Petes Pumping & Well Service
- The field has operated continuously for 66+ years since the oldest well was spudded in 1960
- Clarke County hosts three distinct mature-field producing positions within Mississippi's oil landscape
- Mississippi's top 20 producing units collectively generate approximately 237,000 barrels monthly — roughly one-third the volume of Texas's top 20 units
- Many Junction City mineral interests trace back to original lease bonuses paid in the 1940s–1960s, with current owners scattered across multiple states
- Direct buyers apply 3–8% annual decline rates and 15–30+ year reserve life projections when valuing mature Mississippi waterflood and EOR interests
- CO2 supply from systems like Denbury's Jackson Dome can be the binding constraint on long-term EOR economics for certain Mississippi fields
- Valuation discount rates for stable Mississippi unitized cash flows typically range from 9–13%

## Page Highlights

**Field Overview:** Junction City field is a long-tenured Clarke County oil operation with 8 historic wells, the oldest spudded in 1960, currently producing 1,771 barrels monthly under Petes Pumping & Well Service operation.

**Mississippi Production Context:** Mississippi mature fields are dominated by long-life waterflood and CO2 EOR operations, with many fields supplied by the Denbury Jackson Dome CO2 system; the state's top 20 units produce about one-third the volume of Texas's top 20.

**Mineral Interest Types:** Interests typically include producing royalty, non-producing fee mineral, overriding royalty interest (ORRI), and non-participating royalty interest (NPRI), with many inherited multiple generations deep.

**Valuation Framework:** Buyers use discounted cash flow models incorporating 3–8% annual decline, 15–30+ year reserve life, operator quality, CO2 supply constraints for EOR fields, and 9–13% discount rates for stable unitized production.

**Sales Process:** Buckhead Energy handles remote transactions for out-of-state owners including free written offers, notarized deeds in the owner's state, recording with Clarke County clerk, and same-day wire transfer upon recording.

## Dataset Variables

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## Related Topics

- [How to Sell Mineral Rights](https://www.buckheadenergy.com/) *(general guide linked)*
- [What Are My Minerals Worth?](https://www.buckheadenergy.com/) *(valuation guide linked)*
- [Should I Sell?](https://www.buckheadenergy.com/) *(decision framework linked)*
- [Beginner's Guide](https://www.buckheadenergy.com/) *(introductory content linked)*
- [Getting a Fair Price](https://www.buckheadenergy.com/) *(pricing guide linked)*

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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 interests in mature oil and gas fields across the United States.

**Ready to sell?** Get a free written offer with no obligation at [https://www.buckheadenergy.com/sell](https://www.buckheadenergy.com/sell)