A long-tenured Caddo waterflood unit in southeast Stephens County, Texas — operated by BASA Resources, with 70 active wells and Feb 2026 oil production of 10,774 barrels.
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: 70
Oldest / newest spud: 1975 / 2011
Feb 2026 oil production: 10,774 bbl
Recovery method: waterflood (with selective Caddo Disposal directional re-entries)
The Southeast Breckenridge Unit is the #2 producing unit in Stephens County. With 70 active wells producing 10,774 bbl in February 2026, the unit averages about 154 bbl/well/month — on the higher end of stripper economics for the Caddo trend.
Five Southeast Breckenridge Unit wells appear in the top 20 individual wells in the county for Feb 2026: well #117 (Caddo, vertical, 1985 spud, 1,762 bbl), well #204 (Stephens Co. Regular, vertical, 1,169 bbl), well #120 (Caddo A, vertical, 1990 spud, 944 bbl), well #2535 (Caddo, vertical, 1996 spud, 881 bbl), and well #714 (Caddo, vertical, 1995 spud, 747 bbl).
The unit was formed in the mid-1970s under modern Texas RRC unit-operating agreement standards, consolidating mineral interests from older Caddo leases originally paid out in the 1917-1925 era.
Mineral interests in the Southeast 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 Southeast 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 Southeast 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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