A 99-well Caddo waterflood unit near Eliasville, Texas — operated by BASA Resources, with Feb 2026 oil production of 8,348 barrels and active 2014-2015 directional drilling campaign.
Quick answer
County: Stephens County, Texas
Field: Stephens County Regular (RRC catch-all)
Producing formation: Caddo Limestone (Pennsylvanian)
Operator: BASA Resources
Active wells: 99
Oldest / newest spud: 1977 / 2015
Feb 2026 oil production: 8,348 bbl
Recovery method: waterflood (with selective Caddo Disposal directional re-entries)
The Eliasville (Caddo) Unit is the #3 producing unit in Stephens County and the most active recent re-entry target in BASA Resources’ 2014-2018 directional drilling campaign. Four of the unit’s wells appear in the top 10 individual wells for Feb 2026 oil production:
Well #212 (Caddo Disposal, vertical, 2,163 bbl) — #3 in the county
Well #209 (Caddo Disposal, directional, 2015 spud, 2,160 bbl) — #4
Well #206 (Caddo Disposal, directional, 2014 spud, 1,893 bbl) — #7
Well #205 (Caddo Disposal, directional, 2014 spud, 1,221 bbl) — #10
The directional re-entry campaign demonstrates active operator investment — a positive signal for mineral owners on this unit. The original unit was formed in the late 1970s, consolidating interests from older Caddo leases.
Mineral interests in the Eliasville (Caddo) 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 Eliasville (Caddo) 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 Eliasville (Caddo) 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 paid by check or wire once the deed is recorded.
Buckhead provides a free written offer. Our offer comes at no cost and no obligation.
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