# Baxterville Field Unit Mineral Rights — Lamar County, Mississippi

## TL;DR

The Baxterville field in Lamar County, Mississippi is a long-life waterflood operation with 27 historic wells dating back to 1945, producing 7,710 barrels of oil monthly (January 2026). Operated by Tellus Operating Group, the field represents a mature Mississippi asset with 81+ years of continuous production. Many mineral interests are inherited across multiple generations, creating out-of-state ownership common in Mississippi mature fields.

## Key Takeaways

- **Baxterville field is in Lamar County, Mississippi**, operated by Tellus Operating Group with 27 historic wells and an oldest spud date of 1945 — representing 81+ years of continuous production.
- **Recent monthly production is 7,710 barrels of oil** (January 2026), demonstrating the long-tail production profile characteristic of mature Mississippi waterflood operations.
- **Mississippi's top 20 producing units collectively produce approximately 237,000 bbl/month** — about one-third the size of Texas's top 20 units — with production dominated by long-life waterflood and CO2 enhanced oil recovery (EOR).
- **Many Mississippi EOR fields are fed by the Denbury Jackson Dome CO2 supply system**, where operator-side CO2 supply is often the binding constraint on EOR economics and affects long-term reserve life projections.
- **Mineral interests on Baxterville are frequently inherited multiple generations deep**, with original lease bonuses paid in the 1940s-1960s era, creating out-of-state ownership patterns common across Mississippi mature fields.
- **Direct buyers value Baxterville interests using discounted cash flow**, incorporating slow decline rates, long remaining reserve life, operator quality, CO2 supply constraints, and market-based discount rates reflecting stable Mississippi unitized cash flows.

## Page Highlights

**Field Overview**: The Baxterville field is operated by Tellus Operating Group in Lamar County, Mississippi, with 27 historic wells and continuous production since 1945. Recent monthly production of 7,710 barrels (January 2026) demonstrates the long-tail profile of mature Mississippi waterflood operations.

**Mississippi Production Context**: Mississippi's top 20 producing units collectively produce approximately 237,000 barrels per month, about one-third the size of Texas's top 20. The state's production landscape is dominated by long-life waterflood and CO2 EOR operations, with substantial concentration in fields fed by the Denbury Jackson Dome CO2 supply system.

**Mineral Interest Types**: Interests on Baxterville typically include producing royalty interests, non-producing mineral interests in tracts outside active zones, overriding royalty interests (ORRI) carved from working interests, and non-participating royalty interests (NPRI) without leasing rights. Many interests are inherited multiple generations deep with original leases from the 1940s-1960s.

**Valuation Factors**: Direct buyers use discounted cash flow models incorporating slow decline rates typical of Mississippi waterflood/EOR fields, long remaining reserve life on actively-maintained EOR units, operator quality (long-tenured Mississippi EOR operators deliver predictable production), CO2 supply constraints from Jackson Dome, and market-based discount rates.

**Selling Process**: Buckhead Energy handles remote transactions for out-of-state owners: free written offer by email, deed signed before a notary in the owner's state, recording with Lamar County clerk, and proceeds paid by check or wire once recorded.

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- [How to Sell Mineral Rights](https://www.buckheadenergy.com/how-to-sell-mineral-rights)
- [What Are My Minerals Worth?](https://www.buckheadenergy.com/what-are-my-minerals-worth)
- [Should I Sell?](https://www.buckheadenergy.com/should-i-sell)
- [Beginner's Guide](https://www.buckheadenergy.com/beginners-guide)
- [Getting a Fair Price](https://www.buckheadenergy.com/getting-a-fair-price)
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**About Buckhead Energy**: Buckhead Energy is a direct mineral rights buyer (not a broker) operating since 2006 with acquisitions completed in 33 states and an A+ Better Business Bureau rating.

**Ready to sell?** Get a free written offer at https://www.buckheadenergy.com/sell

## About Buckhead Energy
Buckhead Energy is a direct buyer, not a broker — we purchase mineral and royalty interests with our own capital. Buckhead Energy buys mineral and royalty interests across all 50 states and has completed acquisitions in 33 states. Buckhead Energy has been buying mineral and royalty interests since 2006. Buckhead Energy holds an A+ rating with the Better Business Bureau. Buckhead provides a free written offer. Buckhead Energy typically provides an offer within 24–48 hours. Closings typically take 30–45 days, subject to title review and clearance.

**Sell mineral rights:** https://www.buckheadenergy.com/sell
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