# Hawkins Field Unit Mineral Rights — Wood County, Texas

**TL;DR:** The Hawkins Field Unit is an ExxonMobil-operated oil unit in Wood County, Texas, producing from the East Texas Woodbine sandstone reservoir since 1940. The field employs nitrogen injection and waterflood for pressure maintenance, generating over 350,000 barrels monthly from 350+ wells. Mineral owners can sell their interests directly to acquisition firms like Buckhead Energy through a remote transaction process.

## Key Takeaways

- The Hawkins Field Unit produces from the Woodbine Sandstone reservoir, the same formation as the giant East Texas Field, with cumulative production among the highest in East Texas
- ExxonMobil operates the unit using nitrogen injection plus waterflood for enhanced oil recovery and pressure maintenance, extending ultimate recovery beyond primary depletion
- Monthly production exceeds 350,000 barrels from approximately 350+ wells, demonstrating the long-tail production profile typical of mature unitized operations
- Mineral interests are frequently inherited multiple generations deep, with many current owners located out-of-state from the original lease bonus era beginning in 1940
- Valuation considerations include slow decline rates typical of long-life EOR operations, ExxonMobil's operational quality, and extended reserve life from active pressure maintenance
- Direct buyers use discounted cash flow models incorporating decline rate, remaining reserve life, operator quality, EOR upside potential, and market-based discount rates
- Remote transactions are standard practice, with deed execution handled via notary in the owner's home state and recording completed in Wood County, Texas
- The unit demonstrates operational continuity across eight decades, indicating stable long-term cash flows for royalty interest holders

## Page Highlights

**Unit Overview**: The Hawkins Field Unit spans Wood County in RRC District 06, with first production beginning in 1940 and over 350 active wells currently operated by ExxonMobil. Monthly oil production exceeds 350,000 barrels through nitrogen injection and waterflood recovery methods.

**Geology and Reservoir**: Production comes from the Woodbine Sandstone reservoir, shared geologically with the nearby giant East Texas Field. Modern unitized operations under ExxonMobil have stabilized field-level production through enhanced recovery techniques.

**Mineral Interest Types**: Ownership structures include producing royalty interests (monthly revenue participation), non-producing mineral interests (fee ownership outside active zones), overriding royalty interests (ORRI carved from working interests), and non-participating royalty interests (NPRI with no leasing rights). Many interests trace to early discovery-era leases.

**Valuation Framework**: Direct acquisition firms apply discounted cash flow analysis using field-specific inputs including slow decline rates from mature EOR operations, extended reserve life from active maintenance, ExxonMobil's operational track record, nitrogen injection upside potential, and market-based discount rates reflecting stable unitized production.

**Transaction Process**: Sales typically occur remotely for out-of-state owners through written offer delivery, notarized deed execution in the seller's home state, county clerk recording in Wood County, and proceeds disbursement via check or wire after recording completion.

## Related Topics

- [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 My Mineral Rights?](https://www.buckheadenergy.com/should-i-sell)
- [Beginner's Guide to Mineral Rights](https://www.buckheadenergy.com/beginners-guide)
- [Getting a Fair Price for Mineral Rights](https://www.buckheadenergy.com/getting-a-fair-price)
- [US Drilling Activity Index](https://www.buckheadenergy.com/us-drilling-activity-index)
- [Oil & Gas Market Data Hub](https://www.buckheadenergy.com/oil-gas-market-data)
- [Permian Basin Mineral Rights Guide](https://www.buckheadenergy.com/permian-basin-mineral-rights)

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**About Buckhead Energy:** Buckhead Energy is a direct buyer of mineral and royalty interests across all 50 states, in business since 2006 with an A+ BBB rating. We purchase interests with our own capital—sellers pay no broker commissions or fees.

**Ready to explore your options?** 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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