An owner’s guide to mineral rights on the Caldwell-Breckenridge Unit — a Caddo Limestone waterflood unit in Stephens County, Texas, operated by BASA Resources.
Quick answer
County: Stephens County, Texas
Field: Stephens County Regular (RRC catch-all)
Producing formation: Caddo Limestone (Pennsylvanian)
Operator: BASA Resources
Recovery method: waterflood (with selective Caddo Disposal directional re-entries)
The Caldwell-Breckenridge Unit is one of Stephens County’s established Caddo Limestone waterflood units, operated by BASA Resources. Like many Caddo units, its output is uneven across the wellbores: a few higher-rate vertical wells carry much of the production while the rest produce at stripper rates.
This is consistent with the Caddo Limestone’s heterogeneous reservoir character — small fracture networks create localized sweet spots, so where your tract sits within the unit matters less than the unit-wide participation factor in the unit agreement. For county-level context, see the Stephens County activity profile and the Stephens County production distribution, which show aggregates only.
Mineral interests in the Caldwell-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 Caldwell-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 Caldwell-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 payment typically made by check after the deed is recorded.
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