Levelland Unit Mineral Rights — Hockley County, Texas

Unit Overview

About the Levelland Unit

The Levelland Unit (distinct from the neighboring Southeast Levelland Unit) is a long-tenured San Andres oil unit on the Permian Basin Northwestern Shelf. Multiple operators have held interests over the unit's 80+ year production history.

The Levelland Unit is operated by Various (DCP, Texland, etc.) as one of the long-tenured unitized oil operations in the Permian Basin (Northwestern Shelf). With first production dating to 1945 and recent monthly oil output of 200,000+ barrels, the unit demonstrates the long-tail production profile that characterizes mature unitized operations in the region.

Levelland Field Geology & Reservoir

The Levelland field produces from the San Andres reservoir. Modern operating consolidation under the Levelland Unit framework has stabilized field-level production through waterflood (some co2 eor pilots).

For broader context on the Permian Basin (Northwestern Shelf) producing region, see our Permian Basin mineral rights guide.

Mineral Interest Profile

Mineral interests in the Levelland 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) — a royalty carved out of a working interest

Non-participating royalty interest (NPRI) — a royalty interest with no leasing or development rights

Many Levelland Unit interests are inherited multiple generations deep, with original lease bonus paid in the early discovery era. Current Levelland Unit mineral owners frequently include heirs spread across multiple states.

Valuation Considerations

Direct buyers value Levelland Unit mineral interests using a discounted cash flow approach with these key inputs:

Decline rate — typically 3-8% annual on long-life unitized waterflood / EOR wells

Remaining reserve life — often 15-30+ years on actively-maintained units

Operator quality — Various (DCP, Texland, etc.) is an established operator in the Permian Basin (Northwestern Shelf)

EOR upside — Waterflood (some CO2 EOR pilots) operations can extend ultimate recovery beyond primary depletion estimates

Discount rate — typically 8-12% for stable unitized cash flows

Selling Levelland Unit Mineral Rights

Buckhead Energy buys mineral rights and royalty interests on the Levelland Unit. Out-of-state owners are common — many interests are inherited multiple generations deep. We handle the entire process remotely: free written offer by email, deed signed before a notary in your state, recorded with the Hockley County clerk, and proceeds wired the day of recording.

Get a Free Levelland Unit Valuation

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