# Wasson ODC Unit (District 11) Mineral Rights in Yoakum County, Texas

**TL;DR:** The Wasson ODC Unit (District 11) is a mature, long-producing oil unit in the Permian Basin operated by Occidental Petroleum, with 277 wells and continuous production since 1930. The unit recently produced 22,972 barrels of oil monthly (February 2026) and represents stable, long-tail royalty income for mineral owners. The Wasson field is one of the largest CO2 EOR projects in U.S. history with over 2 billion barrels produced cumulatively.

## Key Takeaways

- The Wasson ODC Unit (District 11) is located in Yoakum County, Texas (RRC District 11) and operated by Occidental Petroleum
- The unit encompasses 277 historic wells with the oldest spud date of 1930, representing 96+ years of continuous production history
- Recent monthly production reached 22,972 barrels of oil in February 2026, demonstrating sustained output from mature unitized operations
- The unit is part of the giant Wasson field complex, one of the largest CO2 enhanced oil recovery (EOR) projects in U.S. history with over 2 billion barrels cumulative production
- Mineral interests typically provide stable long-tail royalty income through waterflood, pressure maintenance, and CO2 EOR operations
- Direct buyers value these interests using 3-8% annual decline rates, 15-30+ year reserve life, and 8-12% discount rates for stable unitized cash flows
- Many interests are inherited multiple generations deep, with original leases dating to the 1930s-1960s era

## Page Highlights

**Unit Overview and Recent Performance:** The Wasson ODC Unit (District 11) is one of the most active long-tenured oil units in the west Texas Permian Basin with 277 historic wells and 96+ years of production history. Recent monthly production of 22,972 barrels (February 2026) demonstrates the long-tail profile characteristic of mature unitized Permian operations.

**Geology and Field History:** The Wasson field sits in the Permian Basin (Wasson San Andres trend) and has been producing since 1930. Modern consolidation under the Wasson ODC Unit framework has stabilized field-level production through pressure maintenance, waterflood, and CO2 enhanced oil recovery operations as part of one of the largest CO2 EOR projects in U.S. history.

**Mineral Interest Types:** Mineral interests in the unit typically include producing royalty interest (contribution to monthly unit revenue), non-producing mineral interest (fee ownership outside active zones), overriding royalty interest (carved from working interest), and non-participating royalty interest (royalty without leasing rights). Many interests are inherited multiple generations deep with original lease bonuses paid in the 1930s-1960s.

**Valuation Methodology:** Direct buyers use discounted cash flow models with key inputs including 3-8% annual decline rates, 15-30+ year remaining reserve life, operator quality assessment (Occidental Petroleum's track record in west Texas), potential CO2 EOR upside not reflected in current rates, and 8-12% discount rates for stable unitized cash flows.

**Transaction Process:** Buckhead Energy purchases mineral rights and royalty interests remotely for out-of-state owners, handling free written offers by email, deed execution before local notary, county recording, and same-day wire transfer of proceeds upon recording with the Yoakum County clerk.

**Regional Context:** The Wasson and Slaughter discoveries of 1936-1937 established the Permian Basin Northern Shelf San Andres trend as a major producing region. The Permian CO2 EOR cluster (Wasson, Slaughter, Seminole) is one of the two largest in the U.S., alongside Mississippi's Jackson Dome CO2 EOR operations.

## Related Topics

- [How to Sell Mineral Rights](https://www.buckheadenergy.com/sell-mineral-rights)
- [What Are My Minerals Worth?](https://www.buckheadenergy.com/mineral-rights-value)
- [Should I Sell?](https://www.buckheadenergy.com/should-i-sell-my-mineral-rights)
- [Beginner's Guide to Mineral Rights](https://www.buckheadenergy.com/mineral-rights-guide)
- [Getting a Fair Price for Mineral Rights](https://www.buckheadenergy.com/fair-price-mineral-rights)
- [Permian Basin Mineral Rights Guide](https://www.buckheadenergy.com/permian-basin-mineral-rights)
- [Texas Mineral Rights State Hub](https://www.buckheadenergy.com/texas-mineral-rights)
- [Mississippi Mineral Rights State Hub](https://www.buckheadenergy.com/mississippi-mineral-rights)

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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 transparent, fair offers and handle the entire transaction process remotely for mineral owners nationwide.

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