A guide for Florida residents who own — or have inherited — mineral or royalty interests on Spindletop / the Gladys City Unit in Jefferson County, Texas.
Quick answer
Spindletop — the field of the 1901 Lucas Gusher — has been producing for 125+ years. Many of today's mineral interests are owned by Florida residents who inherited them 5-6 generations deep from ancestors who held interests during the original 1901-1905 leasing rush. If you live in Florida and receive monthly royalty checks from a Texas operator on a Jefferson County / Gladys City Unit lease, this guide is for you.
Florida-resident heirs of Spindletop interests typically hold one or more of:
Producing royalty interest — your tract's contribution to the Gladys City Unit's monthly revenue
Non-producing mineral interest — fee mineral ownership in a tract currently outside active producing units
Overriding royalty interest (ORRI) — a royalty carved out of a working interest
Non-participating royalty interest (NPRI) — a royalty interest with no leasing or development rights
Out-of-state mineral sales are routine on Spindletop / Gladys City Unit interests. Buckhead Energy handles every step remotely:
Submit your information by email — Jefferson County legal description and a copy of your most recent check stub
Receive a free written offer by email
Sign the mineral deed and PSA in front of a Florida notary
Florida has no state income tax. Federal tax treatment of a sale or inherited interest depends on your situation — consult a CPA or tax attorney.
Spindletop & Gladys City Unit Mineral Rights — Main Hub
Spindletop & Gladys City Unit — The Definitive 2026 Guide
Buckhead provides a free written offer. Our offer comes at no cost and no obligation.
Start Your Free Written OfferGet a fair offer from a direct buyer with 20 years in business.
Sell My Mineral RightsBuckhead Energy buys mineral and royalty interests across all 50 states and has completed acquisitions in 33 states. Buckhead Energy is a direct buyer, not a broker — we purchase mineral and royalty interests with our own capital. Buckhead Energy has been buying mineral and royalty interests since 2006. Buckhead Energy holds an A+ rating with the Better Business Bureau.
Get My Offer Now