Buckhead Energy purchases mineral rights and royalty interests in areas operated by Occidental Petroleum. Whether your minerals are in the Permian Basin, DJ Basin, or legacy Anadarko and CrownRock acreage, we provide competitive offers and a straightforward closing process.
Get Your Free Oxy Mineral ValuationThere are many reasons mineral owners choose to sell their Oxy-operated interests. Here are some of the most common.
Oxy's acquisitions of Anadarko Petroleum in 2019 and CrownRock in 2024 created transitions in operations, accounting systems, and development priorities. Some owners prefer to convert to cash during these periods of change.
Oxy is actively developing its Permian Basin acreage with multi-zone completions. Selling during a period of active development allows you to capture current and near-term value in a single transaction.
Mineral interests spread across multiple tracts, counties, and legacy operators can complicate estate planning. Converting to liquid assets simplifies the process for you and your heirs.
Managing division orders, tracking royalty payments through OxyLink, monitoring lease obligations, and handling the associated paperwork requires ongoing attention. Selling eliminates this administrative work entirely.
Occidental Petroleum holds approximately 2.8 million net acres across the Permian Basin, making it one of the largest operators in the region. This footprint includes acreage from both the Anadarko and CrownRock acquisitions. Oxy operates extensively in both the Delaware Basin and the Midland Basin, targeting the Wolfcamp, Bone Spring, and Spraberry formations through multi-zone horizontal development.
Key Texas Counties:
Reeves County - Core Delaware Basin operations
Ward County - Delaware Basin horizontal drilling
Pecos County - Southern Delaware Basin
Loving County - High-activity Delaware Basin
Midland County - Midland Basin core
Martin County - Spraberry/Wolfcamp development
Key New Mexico Counties:
Lea County - Major Delaware Basin acreage
Eddy County - Delaware Basin operations
Oxy operates significant acreage in the DJ Basin of northeastern Colorado, primarily targeting the Niobrara and Codell formations. Much of this acreage came through the Anadarko Petroleum acquisition in 2019.
Weld County - Primary DJ Basin operations
Occidental maintains deepwater operations in the Gulf of Mexico, primarily through assets inherited from the Anadarko acquisition. These operations include significant production from established platforms. Buckhead Energy evaluates overriding royalty interests and mineral interests associated with Gulf of Mexico operations on a case-by-case basis.
When Buckhead Energy evaluates mineral rights operated by Occidental Petroleum, we consider several factors specific to Oxy's operations and development strategy:
Active Drilling Program: Oxy runs one of the most active drilling programs in the Permian Basin. Properties in areas with planned or ongoing development typically carry higher valuations.
Multi-Zone Potential: The Permian Basin contains multiple stacked pay zones. Oxy's ability to develop the Wolfcamp A, B, C, and Bone Spring intervals across their acreage adds significant upside value.
Net Revenue Interest (NRI): Your NRI determines the percentage of production revenue you receive after lease burdens. A higher NRI directly increases your mineral rights value.
Operated vs. Non-Operated: Oxy-operated wells are directly managed by Occidental, giving them control over development timing and completion techniques. This operational control often supports stronger valuations.
HBP Status: Minerals that are held by production (HBP) with existing Oxy wells have proven production history, which is a key input to valuation.
Development Pace: Oxy's capital allocation and rig count in your specific area indicate how quickly remaining locations may be developed, which affects the timing of future cash flows.
Buckhead Energy has purchased mineral rights and royalty interests across all of Oxy's major operating areas. Our team understands the nuances of Occidental's operations, from their Permian Basin development strategy to the legacy assets acquired through Anadarko Petroleum and CrownRock.
Permian Basin Expertise: We have deep familiarity with Oxy's Delaware Basin and Midland Basin operations, including their multi-zone development approach and well spacing patterns.
Anadarko Legacy Knowledge: Many Oxy-operated properties trace back to the 2019 Anadarko acquisition. We understand the history of these assets and how they fit into Oxy's current development program.
CrownRock Integration: The 2024 CrownRock acquisition added substantial Midland Basin acreage. We track these properties and understand how the integration affects mineral owners.
DJ Basin Familiarity: Oxy's Colorado operations in Weld County and surrounding areas are part of our active buying footprint.
Production Data Analysis: We analyze Oxy's public production data, well permits, and completion reports to accurately value your minerals based on actual performance and planned development.
Fair, Transparent Pricing: Our valuations reflect Oxy's strong operational track record and the quality of their development programs. We provide clear explanations of how we arrive at our offer price.
Our process is straightforward with no obligation at any step. Most transactions close within 30 to 45 days.
Fill out the form below or call us with basic details about your Oxy-operated mineral rights: county, state, net mineral acres, and any lease or royalty information you have.
Our team evaluates your minerals using production data, Oxy's development plans, and comparable transactions. We present a written offer, typically within a few business days.
Review the offer on your own timeline. There is no pressure and no obligation. If the offer works for you, we move forward. If not, there is no cost or commitment.
Buckhead handles all title work and closing logistics. We use a reputable title company and you receive your payment at closing. The entire process typically takes 30 to 45 days.
Yes. Your mineral rights are separate from the surface and from the operator. You can sell your mineral rights at any time, regardless of whether Occidental Petroleum is the current operator. The existing lease and any obligations transfer to the new mineral owner. The operator continues to operate as before, and the buyer receives future royalty payments.
Oxy-operated mineral rights are valued based on current production and royalty income, remaining reserves in the ground, Oxy's active drilling program and planned development, your net revenue interest, the specific basin and formation, and current commodity prices. Because Oxy maintains an aggressive development program in the Permian Basin with multi-zone completions, minerals in their core operating areas often carry strong valuations.
Occidental Petroleum acquired Anadarko Petroleum in 2019 and CrownRock in 2024. If your mineral rights were previously operated by either company, Oxy is now the operator of record. Your lease terms, mineral ownership, and royalty rights remain unchanged. Royalty payments now come from Occidental Petroleum, and you can manage your account through OxyLink, their owner portal. If you are considering selling, the transition to Oxy does not affect your ability to sell your minerals.
Buckhead Energy typically completes the purchase of Oxy-operated mineral rights within 30 to 45 days from initial contact to closing. The primary variable is title complexity. Properties with clear title and straightforward ownership close faster. Properties with multiple heirs or unresolved title issues may take slightly longer. We handle all title research and closing logistics so you do not need to manage the process.
Buckhead Energy has extensive experience purchasing mineral rights in the Permian Basin, DJ Basin, and other areas where Oxy operates. We understand Oxy's development programs, legacy Anadarko and CrownRock operations, and how to accurately value minerals in these prolific basins. Our team provides competitive pricing based on thorough analysis, handles all title work and closing logistics, and closes transactions efficiently. There is no cost or obligation to receive an offer.
Explore more about mineral rights in the areas where Occidental Petroleum operates.
Get a free, no-obligation valuation from Buckhead Energy. We buy mineral rights operated by Occidental Petroleum across the Permian Basin, DJ Basin, and beyond.
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