An owner's guide to mineral rights on the Jo-Mill Unit — operated by Jo Mill Oil Company LLC on the Jomill field in west Texas Permian Basin.
Quick answer
Unit type: Long-tenured unitized oil operation
Statewide context: Texas oil & gas production distribution
The Jo-Mill Unit is one of the long-tenured unitized oil units in the west Texas Permian Basin — a long-lived unit with the slow, steady production profile that characterizes mature unitized oil operations in the Permian Basin (eastern shelf). For statewide context, see Buckhead’s Texas oil & gas production distribution.
Jo Mill Oil Company LLC is the long-tenured operator of the Jo-Mill Unit, an east Permian Basin / Borden County position with a long, continuous production history.
The Jomill field sits in the Permian Basin (eastern shelf). The field has a long, continuous production history. Modern operating consolidation under the Jo-Mill Unit framework has stabilized field-level production through pressure maintenance, waterflood, and (where applicable) CO2 enhanced oil recovery (EOR) operations.
For broader context on the Permian Basin (eastern shelf) producing region, see our Permian Basin (eastern shelf) mineral rights guide.
Mineral interests in the Jo-Mill 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) — a royalty carved out of a working interest
Non-participating royalty interest (NPRI) — a royalty interest with no leasing or development rights
Many Jo-Mill Unit interests are inherited multiple generations deep, with original lease bonus paid in the 1930s-1960s era. Current Jo-Mill Unit mineral owners frequently include heirs spread across multiple states.
Direct buyers value Jo-Mill Unit mineral interests using a discounted cash flow approach with these key inputs:
Decline rate — slow, typical of long-life unitized waterflood / EOR wells
Remaining reserve life — long on actively-maintained units
Operator quality — well-maintained units (Jo Mill Oil Company LLC is established in west Texas Permian Basin) typically deliver predictable production
EOR upside — many Permian Basin (eastern shelf) units have CO2 EOR or other tertiary recovery upside not reflected in current production rates
Discount rate — market-based, reflecting stable unitized cash flows
Buckhead Energy buys mineral rights and royalty interests on the Jo-Mill Unit. Out-of-state owners are common — many interests are inherited multiple generations deep. We handle the entire process remotely: free written offer by email, deed signed before a notary in your state, recorded with the Borden County clerk, and payment typically made by check after the deed is recorded.
Buckhead provides a free written offer. Our offer comes at no cost and no obligation.
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