Craton Operating Llc

Total Interests

$2,499,336

Appraised Value

Operators

Leases

Interest Type Breakdown

Working Interests 64

Royalty Interests 0

Cumulative Production (Associated Leases)

Natural Gas: 78.67 MMCF

Oil: 569.09 MBBL

Operators

Craton Operating Llc Buffco Production Inc.

Mineral Interests Detail

Lease Name	Operator	Type	Interest	Value
Bodenheim G A #10 RRC: 154967	Craton Operating Llc	WI	62.7762%	$13,045
Bodenheim G A #11 RRC: 153415	Craton Operating Llc	WI	62.7762%	$9,946
Bodenheim, G.A. #3 RRC: 131441	Craton Operating Llc	WI	58.7970%	$9,784
Bodenheim, G.A. #5 RRC: 132450	Craton Operating Llc	WI	58.7970%	$9,784
Bodenheim G A #6 RRC: 147050	Craton Operating Llc	WI	63.4375%	$9,784
Bodenheim G A #9-C RRC: 154898	Craton Operating Llc	WI	66.7761%	$13,045
Boswell #1 RRC: 283428	Craton Operating Llc	WI	80.8350%	$181,247
Castleberry #3 RRC: 197948	Craton Operating Llc	WI	69.9768%	$9,741
Castleberry Jack RRC: 13582	Craton Operating Llc	WI	71.4768%	$9,741
Cherokee Water Co #11 RRC: 251214	Craton Operating Llc	WI	74.0226%	$13,184
Cherokee Water Co #12 RRC: 245106	Craton Operating Llc	WI	74.0226%	$13,184
Cherokee Water Co #14 RRC: 247272	Craton Operating Llc	WI	74.0226%	$13,184
Cherokee Water Co #15 RRC: 250259	Craton Operating Llc	WI	74.0226%	$13,184
Cherokee Water Co #2 RRC: 156922	Craton Operating Llc	WI	74.0226%	$13,418
Cherokee Water Co #23 RRC: 256465	Craton Operating Llc	WI	74.0226%	$11,834
Cherokee Water Co #24 RRC: 257771	Craton Operating Llc	WI	74.0226%	$13,184
Cherokee Water Co #26 RRC: 255585	Craton Operating Llc	WI	74.0226%	$13,184
Cherokee Water Co #27 RRC: 255584	Craton Operating Llc	WI	74.0226%	$26,636
Cherokee Water Co #3 RRC: 159131	Craton Operating Llc	WI	74.0226%	$13,184
Cherokee Water Co #4 RRC: 164542	Craton Operating Llc	WI	74.0226%	$13,184
Cherokee Water Co #5 RRC: 165476	Craton Operating Llc	WI	74.0226%	$13,184
Cherokee Water Co #7 RRC: 165477	Craton Operating Llc	WI	74.0226%	$16,949
Cherokee Water Co #8 RRC: 213709	Craton Operating Llc	WI	74.0226%	$13,184
Cherokee Water Co #9 RRC: 214067	Craton Operating Llc	WI	74.0226%	$13,184
Fisher-Duncan Gu #1 RRC: 138228	Craton Operating Llc	WI	62.7072%	$14,341
Fisher-Duncan Gu #2 RRC: 140509	Craton Operating Llc	WI	62.7072%	$13,123
Hairgrove RRC: 144696	Craton Operating Llc	WI	81.8111%	$118,993
Harroun-Finch #3 RRC: 142988	Craton Operating Llc	WI	59.2071%	$13,078
Harroun-Finch #6 RRC: 144842	Craton Operating Llc	WI	59.2071%	$13,078
Jones G H Gu RRC: 153492	Craton Operating Llc	WI	64.5955%	$45,825
Jones G H Gu RRC: 149033	Craton Operating Llc	WI	64.5955%	$15,437
Jones, G. H. Gu #3 RRC: 284126	Craton Operating Llc	WI	64.5955%	$13,045
Jones G H Gu #6 RRC: 176909	Craton Operating Llc	WI	64.4560%	$13,045
Jones G H Gu #7 RRC: 174960	Craton Operating Llc	WI	64.4560%	$13,045
Lawrence-Chevron Gas Unit #3 RRC: 148804	Craton Operating Llc	WI	70.0000%	$9,819
Lawrence-Chevron Gas Unit #3 RRC: 131635	Craton Operating Llc	WI	68.4573%	$13,092
Lawrence-Chevron Gu#17h RRC: 264112	Craton Operating Llc	WI	83.6454%	$458,236
Lawrence-Chevron Gu#4 RRC: 077062	Craton Operating Llc	WI	82.6804%	$13,092
Lawrence H M Jr #10 RRC: 167965	Craton Operating Llc	WI	82.6804%	$13,092
Lawrence H M Jr #11 RRC: 169638	Craton Operating Llc	WI	82.6804%	$13,092
Lawrence H M Jr #13 RRC: 172871	Craton Operating Llc	WI	82.6804%	$13,092
Lawrence H M Jr #16 RRC: 195130	Craton Operating Llc	WI	82.6804%	$13,092
Lawrence H M Jr #9 RRC: 151216	Craton Operating Llc	WI	82.6804%	$13,092
Ledco #1 RRC: 235943	Craton Operating Llc	WI	82.8522%	$13,167
Mcwhorter RRC: 152328	Craton Operating Llc	WI	70.0000%	$13,045
Mcwhorter E O #1 RRC: 063589	Craton Operating Llc	WI	65.8125%	$27,413
Mcwhorter E O #5 RRC: 140769	Craton Operating Llc	WI	64.8750%	$9,778
Melton Della #2h RRC: 235712	Buffco Production Inc.	WI	77.1097%	$13,167
Melton Della #3 RRC: 227584	Craton Operating Llc	WI	77.1097%	$13,167
Moore Jemima #1h RRC: 255116	Craton Operating Llc	WI	75.3442%	$546,592
Smith Oil Unit RRC: 13689	Craton Operating Llc	WI	77.8509%	$9,784
Stevens #2 RRC: 136060	Craton Operating Llc	WI	61.4633%	$14,934
Stevens #3 & 4 RRC: 070977	Craton Operating Llc	WI	73.9633%	$11,549
Stevens #5 RRC: 204025	Craton Operating Llc	WI	61.4633%	$13,192
Thrasher #1 RRC: 134518	Craton Operating Llc	WI	81.2826%	$11,698
Thrasher #2 RRC: 272156	Craton Operating Llc	WI	69.0801%	$13,026
Thrasher S R #3 RRC: 146944	Craton Operating Llc	WI	70.0355%	$13,026
Thrasher S R 4 & 5 RRC: 149357	Craton Operating Llc	WI	70.0355%	$13,572
Thrasher S R 4 & 5 RRC: 150583	Craton Operating Llc	WI	70.0355%	$13,026
Toler Gas Unit 2 RRC: 13982	Craton Operating Llc	WI	82.8311%	$129,231
Toler Joe #3 RRC: 140325	Craton Operating Llc	WI	76.5811%	$97,888
Toler Joe #4 RRC: 151190	Craton Operating Llc	WI	70.3311%	$13,045
Toler Joe #5 RRC: 157547	Craton Operating Llc	WI	82.7423%	$112,938
Toler Joe #6 RRC: 202884	Craton Operating Llc	WI	70.3311%	$83,411

Frequently Asked Questions

What mineral rights does Craton Operating Llc own in Gregg County?

Craton Operating Llc owns 64 mineral interest(s) in Gregg County, Texas, with a combined appraised value of $2,499,336. These interests include 64 working interest(s) and 0 royalty interest(s) across 61 lease(s).

How can I sell my Gregg County mineral rights?

Buckhead Energy purchases mineral rights directly from owners in Gregg County and throughout the East Texas Oil Field. We offer fair, competitive prices with no broker fees or commissions. Contact us for a free, no-obligation evaluation of your mineral rights.

Where is Gregg County, Texas?

Gregg County is in East Texas, with Longview as its county seat and Kilgore — once called the "World's Richest Acre" — within its borders. It sits atop the East Texas Oil Field, one of the largest oil fields ever discovered in the lower 48, found in 1930 and producing from the Woodbine sand for over 90 years.

How much are Gregg County mineral rights worth?

Mineral rights values in Gregg County vary based on factors including current production, lease terms, operator activity, and commodity prices. The East Texas Oil Field is a mature, long-lived field, so valuations typically reflect slow-decline legacy production. Contact Buckhead Energy for a free, no-obligation evaluation of your specific mineral interests.

What is the difference between working interest and royalty interest?

A royalty interest (RI) entitles the owner to a share of production revenue without paying for drilling or operating costs. A working interest (WI) participates in both the revenue and the costs of drilling and operating wells. Most mineral owners in Gregg County hold royalty interests.

About Gregg County & The East Texas Oil Field

Gregg County is in East Texas, with Longview as its county seat and Kilgore within its borders. It sits atop the East Texas Oil Field — one of the largest oil fields ever discovered in the lower 48 (1930), producing from the Woodbine sand.

The East Texas Oil Field has produced oil for over 90 years since its 1930 discovery. Production is mature and long-lived, with many wells declining slowly and continuing to pay royalties for decades.

Many mineral owners in Gregg County have received royalty payments for decades. As wells mature and production declines, some owners choose to sell their mineral rights to convert future uncertain income into immediate cash. Buckhead Energy purchases mineral rights across the East Texas Oil Field and broader East Texas Basin.