# Southeast Levelland Unit Mineral Rights — Hockley County, Texas

## TL;DR

The Southeast Levelland Unit in Hockley County, Texas is a long-producing Permian Basin oil unit operated by Occidental Petroleum (OXY) with 133 wells and continuous production since 1947. Recent monthly production totals 24,401 barrels of oil (February 2026). Mineral owners typically receive stable royalty income from this mature, unitized waterflood/EOR operation, with many interests inherited across multiple generations.

## Key Takeaways

- **Operator & Location:** Occidental Petroleum (OXY) operates the Southeast Levelland Unit in Hockley County, Texas, within Railroad Commission District 11 on the Levelland field in the Permian Basin (Northwest Shelf).
- **Production History:** The unit has 133 historic wells with the oldest spud date from 1947, representing 79+ years of continuous oil production.
- **Current Production:** Recent monthly production is 24,401 barrels of oil as of February 2026, demonstrating stable long-tail output from mature unitized operations.
- **Mineral Interest Types:** Owners hold producing royalty interests, non-producing fee minerals, overriding royalty interests (ORRI), or non-participating royalty interests (NPRI), often inherited multiple generations deep.
- **Valuation Factors:** Buyers use 3-8% annual decline rates, 15-30+ year reserve life estimates, 8-12% discount rates, and consider CO2 enhanced oil recovery (EOR) upside potential in the Permian Basin (Northwest Shelf).
- **Inheritance Pattern:** Many Southeast Levelland Unit interests originated from leases signed in the 1930s-1960s and are now held by heirs dispersed across multiple states.

## Page Highlights

**Unit Overview:** The Southeast Levelland Unit is a long-tenured Permian Basin (Northwest Shelf) oil operation in Hockley County, Texas, with 133 wells, continuous production since 1947, and recent monthly output of 24,401 barrels (February 2026), operated by Occidental Petroleum (OXY).

**Levelland Field Geology & Production:** The Levelland field has produced oil continuously for 79+ years in the Permian Basin (Northwest Shelf), with modern unitized operations stabilizing production through pressure maintenance, waterflood, and CO2 enhanced oil recovery (EOR) techniques.

**Mineral Interest Profile:** Mineral interests typically include producing royalty interests tied to monthly unit revenue, non-producing mineral interests in undeveloped zones, overriding royalty interests (ORRI) carved from working interests, and non-participating royalty interests (NPRI) without leasing rights; many are inherited interests with original leases dating to the 1930s-1960s.

**Valuation Considerations:** Buyers apply discounted cash flow models using 3-8% annual decline rates, 15-30+ year reserve life assumptions, operator quality assessments, CO2 EOR upside potential, and 8-12% discount rates for stable unitized production streams.

**Selling Process:** Buckhead Energy purchases Southeast Levelland Unit mineral rights remotely for out-of-state heirs, providing free written offers, handling deed execution before local notaries, recording with the Hockley County clerk, and wiring proceeds on the day of recording.

**CO2 EOR Comparison:** The page positions the Southeast Levelland Unit within the broader Permian CO2 EOR cluster (alongside Wasson, Slaughter, and Seminole fields) and compares Texas Permian Basin mature units to Mississippi Jackson Dome CO2 EOR operations (Heidelberg, Eucutta, Tinsley).

## Related Topics

- [How to Sell Mineral Rights](https://www.buckheadenergy.com) — Process and best practices for selling mineral interests
- [What Are My Minerals Worth?](https://www.buckheadenergy.com) — Valuation methodology and factors
- [Should I Sell?](https://www.buckheadenergy.com) — Decision framework for mineral owners
- [Beginner's Guide](https://www.buckheadenergy.com) — Mineral rights fundamentals
- [Getting a Fair Price](https://www.buckheadenergy.com) — Pricing transparency and market context
- [Permian Basin (Northwest Shelf) mineral rights guide](https://www.buckheadenergy.com) — Regional production overview
- [Texas vs Mississippi Mature Oil Units — Comparison](https://www.buckheadenergy.com) — Cross-basin analysis
- [Mississippi Mineral Rights State Hub](https://www.buckheadenergy.com) — State-level resources

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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 — from valuation to closing.  
**Ready to sell?** [Get your free mineral valuation today](https://www.buckheadenergy.com/sell).