Natural Gas: 26 MCF
Oil: 260.85 MBBL
| Lease Name | Operator | Type | Interest | Value |
|---|---|---|---|---|
|
Alford E B (2)
RRC: 07916
|
Etos Operating, Inc | RI | 0.3907% | $2,300 |
Rusk County is in East Texas, with Henderson as its county seat and part of 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 Rusk 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.
Owner: Ulmer Sue
Type: Individual
Interests: 1
Value: $2,300
County: Rusk, TX
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