Own minerals or royalties under wells operated by BASA Resources, from the Howard–Glasscock field in West Texas to the East Texas field? Buckhead makes a fair, competitive offer to purchase mineral and royalty interests directly from owners.
TL;DR Buckhead Energy has been buying mineral and royalty interests since 2006. If you own minerals or royalties under wells operated by BASA Resources, Buckhead provides a free written offer.
According to the company, BASA Resources, Inc. was founded in early 1989 by Michael N. Foster, Jr. and Lary D. Knowlton. The Dallas-based company says it owns and operates over 6,000 wells in more than 50 fields across Texas and ranks among the top 50 private oil producers in the United States. Owners of minerals under BASA-operated wells sell for practical and financial reasons.
BASA says its strategy targets mature properties divested by larger oil and gas companies, and describes its work as workovers, re-completions, and optimization of secondary and tertiary recovery operations. That work can extend the producing life of old wells, but some owners prefer to turn a long-lived royalty stream into a lump sum now rather than wait on incremental recovery.
BASA's wells span West, East and North Central Texas, so a family may hold fractional interests in more than one field. Consolidating these scattered positions into a lump-sum payment allows you to redeploy capital into other opportunities, fund retirement, pay off debts, or address other financial priorities.
Mineral rights passed down through generations often result in fractional interests spread across multiple counties and leases. Managing division orders and tracking royalty payments across counties adds complexity that some owners prefer to eliminate.
In a Buckhead Energy analysis of public oil and gas data, wells reported under BASA Resources fall in three Texas regions. The counties, fields and formations below come from those records; BASA's own site does not list them. Buckhead Energy buys mineral and royalty interests across all 50 states and has completed acquisitions in 33 states.
BASA's West Texas wells sit mostly in long-producing conventional fields on the eastern side of the Midland Basin and the adjacent shelf. Reported formations include the San Andres and Clear Fork (Howard–Glasscock and Iatan East Howard fields) and the Spraberry (Irion and Reagan counties).
Howard County, TX - Howard–Glasscock and Iatan East Howard fields
Glasscock County, TX - Howard–Glasscock field
Mitchell County, TX - Iatan East Howard and Iatan fields
Irion County, TX - Spraberry field
Reagan County, TX - Spraberry and John Scott fields
Kent County, TX - Michelle Kay field
Sterling County, TX - Conger field
Tom Green County, TX - Miss Ela field
Most of BASA's reported wells are in East Texas, chiefly in the East Texas field across Gregg, Rusk and Upshur counties. Reported formations include the Woodbine and Austin Chalk (East Texas and Van fields) and the Pettit (Wright Mountain and Overton NE fields).
Gregg County, TX - East Texas field
Rusk County, TX - East Texas and Overton NE fields
Upshur County, TX - East Texas field
Smith County, TX - Wright Mountain field
Van Zandt County, TX - Van field
In North Central Texas, BASA's reported wells are in the Stephens County Regular field, producing mainly from the Caddo, with some Strawn.
Stephens County, TX - Stephens County Regular field
BASA says it has historically acquired, operated and divested wells in Oklahoma and Louisiana. If you hold minerals that BASA Resources once operated in those states, contact us to discuss your current situation and options.
Buckhead evaluates interests using production data, geological analysis, and current market conditions. Under a mature-field operator like BASA, a few of those inputs carry more weight than they do under a new-drilling operator.
BASA describes its work as workovers, re-completions, and secondary and tertiary recovery. Where the wells on your acreage sit in that cycle affects how much production remains.
Long-producing conventional wells generally decline more gradually than newly completed horizontal wells. Recent production history, the effect of any workovers, and the decline trend all feed into an offer.
BASA's reported wells produce from formations including the San Andres, Clear Fork, Spraberry, Woodbine, Austin Chalk, Pettit and Caddo. The formation, the field and the commodity mix all matter.
Well Count: Number of active producing wells on your acreage
Net Revenue Interest: Your decimal ownership and lease royalty terms
Commodity Mix: Oil versus gas production ratio and pricing outlook
Workover Potential: Remaining re-completion and recovery opportunities
Evaluation: Buckhead draws on geological and engineering expertise — contract specialists and modern analytical tools — together with deep, hands-on experience acquiring and evaluating minerals.
A fair, competitive offer: Buckhead makes a fair, competitive offer to purchase mineral and royalty interests directly from owners.
Timing: Buckhead Energy typically provides an offer within 24–48 hours. Closings typically take 30–45 days, subject to title review and clearance.
Any size: Buckhead has no minimum interest size — it will consider interests of any size, including small ones other buyers pass over.
Direct buyer: Buckhead Energy is a direct buyer, not a broker — we purchase mineral and royalty interests with our own capital. Because Buckhead is the buyer (not a broker or intermediary), there is no broker commission taken out of your sale.
20+ years: Buckhead Energy has been buying mineral and royalty interests since 2006. Buckhead has completed 1,000+ mineral and royalty acquisitions.
BBB: Buckhead Energy holds an A+ rating with the Better Business Bureau.
Within the typical 30-45 day timeline: Buckhead typically provides an offer within 24-48 hours, and the final offer usually by day 7 - often sooner.
Complete the form below or call (817) 778-9532. A recent royalty statement, division order, or deed helps when you have them. If you do not, start with the county, operator, and what you know about the interest - Buckhead can work from limited information.
Buckhead provides a free written offer. Buckhead evaluates interests using production data, geological analysis, and current market conditions. Our offer comes at no cost and no obligation.
The longer phase is closing, which includes the purchase agreement, title research and curative, filing the deed of record, and communicating with the operator so future royalties are redirected. Buckhead pays the title and closing costs (title research, curative, document preparation, and recording). A seller's own taxes, or advisors the seller separately retains, are not part of Buckhead's closing costs.
Buckhead pays the full purchase price in cash, with no financing contingency. Payment is typically made by check after the deed is recorded. Timing varies with title review and county recording, and we keep you updated along the way.
Buckhead provides a free written offer. Buckhead makes a fair, competitive offer to purchase mineral and royalty interests directly from owners. Submit the form below or call (817) 778-9532 to get started.
BASA Resources mineral rights values depend on the county, current production, formation, and the stage of secondary or tertiary recovery on your wells. West Texas minerals in counties like Howard, Mitchell, and Glasscock typically carry different valuations than East Texas properties in Gregg and Rusk counties due to differences in commodity mix, recovery methods, and remaining reserve potential.
BASA Resources is a private oil and gas producer founded in early 1989 and based in Dallas. The company says it owns and operates over 6,000 wells in more than 50 fields across Texas, targets mature properties divested by larger oil and gas companies, and specializes in secondary and tertiary recovery from mature wells.
Closings typically take 30–45 days, subject to title review and clearance. Buckhead pays the full purchase price in cash, with no financing contingency. Payment is typically made by check after the deed is recorded. Timing varies with title review and county recording, and we keep you updated along the way.
Yes. In a Buckhead Energy analysis of public oil and gas data, wells reported under BASA Resources sit in East Texas counties including Gregg, Rusk, Van Zandt, Smith, and Upshur; West Texas counties including Mitchell, Howard, Glasscock, Irion, Reagan, Kent, Sterling, and Tom Green; and Stephens County in North Central Texas.
More on mineral rights in the regions and states where BASA Resources operates or once operated.
Buckhead provides a free written offer. Our offer comes at no cost and no obligation.
Buckhead Energy is a direct buyer, not a broker — we purchase mineral and royalty interests with our own capital. Buckhead provides a free written offer. Buckhead Energy holds an A+ rating with the Better Business Bureau.
Disclaimer: Buckhead Energy is not affiliated with or endorsed by BASA Resources, Inc. Company details on this page come from BASA Resources' own website (basaresources.com). Counties, fields and formations are a Buckhead Energy analysis of public oil and gas data and may change. This page is for informational purposes only.
Get a written offer from a direct buyer with 20 years in business.
Sell My Mineral RightsBuckhead Energy buys mineral and royalty interests across all 50 states and has completed acquisitions in 33 states. Buckhead Energy is a direct buyer, not a broker — we purchase mineral and royalty interests with our own capital. Buckhead Energy has been buying mineral and royalty interests since 2006. Buckhead Energy holds an A+ rating with the Better Business Bureau.
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