# Lion Diamond 'M' Unit Mineral Rights in Scurry County, Texas

## TL;DR

The Lion Diamond 'M' Unit is a mature Permian Basin Eastern Shelf oil operation in Scurry County, Texas, producing from the Canyon Reef formation through combined CO2 enhanced oil recovery (EOR) and waterflood. First drilled in 1949, the unit currently produces over 180,000 barrels of oil monthly across 200+ wells. Mineral and royalty owners can sell their interests directly to buyers like Buckhead Energy through a remote transaction process.

## Key Takeaways

- The Lion Diamond 'M' Unit operates in the same Canyon Reef carbonate trend as the adjacent SACROC Unit, one of the major tertiary recovery operations on the Permian Basin Eastern Shelf
- The unit has sustained production since 1949 with current monthly oil output exceeding 180,000 barrels, demonstrating the long-tail production profile typical of mature unitized operations
- CO2 EOR combined with waterflood extends ultimate recovery beyond primary depletion, creating long reserve life and slow decline rates
- Many mineral interests are inherited multiple generations deep, with original heirs now spread across multiple states outside Texas
- Valuation of Lion Diamond 'M' Unit interests considers unitized operation stability, established operator quality, EOR upside potential, and market-based discount rates appropriate for stable cash flows
- Direct buyers use discounted cash flow models to value interests, accounting for the slow decline rates and extended reserve life characteristic of enhanced recovery operations
- Remote transactions are standard for out-of-state owners, with the entire process handled through email, notarization in the owner's home state, and recording in Scurry County

## Page Highlights

**Unit Overview**: The Lion Diamond 'M' Unit is operated by Lion Diamond M Operating in Scurry County's Diamond M field (RRC District 08), spanning 200+ wells with first production in 1949 and current monthly oil production exceeding 180,000 barrels.

**Geology and Recovery Method**: The unit produces from the Canyon Reef carbonate reservoir using combined CO2 EOR and waterflood techniques, part of the continuous tertiary recovery operations that have sustained production for decades in the SACROC trend.

**Mineral Interest Types**: Ownership structures include producing royalty interests tied to monthly unit revenue, non-producing fee mineral ownership outside active zones, overriding royalty interests carved from working interests, and non-participating royalty interests without leasing rights.

**Valuation Framework**: Direct buyers apply discounted cash flow analysis incorporating slow decline rates typical of unitized EOR operations, long remaining reserve life, operator quality assessments, and CO2 EOR upside potential beyond primary depletion.

**Sales Process**: Buckhead Energy handles remote acquisitions for out-of-state owners through written offers via email, notarized deed execution in the owner's state, Scurry County clerk recording, and payment by check or wire upon 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, listing fees, or auction premiums.

**Ready to sell?** 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
**Operator directory:** https://www.buckheadenergy.com/operators