A long-tenured Caddo waterflood unit in southeast Stephens County, Texas — operated by BASA Resources, with 70 active wells and Feb 2026 oil production of 10,774 barrels.
Quick answer
County: Stephens County, Texas
Field: Stephens County Regular (RRC catch-all)
Producing formation: Caddo Limestone (Pennsylvanian)
Operator: BASA Resources
Active wells: 70
Oldest / newest spud: 1975 / 2011
Feb 2026 oil production: 10,774 bbl
Recovery method: waterflood (with selective Caddo Disposal directional re-entries)
The Southeast Breckenridge Unit is the #2 producing unit in Stephens County. With 70 active wells producing 10,774 bbl in February 2026, the unit averages about 154 bbl/well/month — on the higher end of stripper economics for the Caddo trend.
Five Southeast Breckenridge Unit wells appear in the top 20 individual wells in the county for Feb 2026: well #117 (Caddo, vertical, 1985 spud, 1,762 bbl), well #204 (Stephens Co. Regular, vertical, 1,169 bbl), well #120 (Caddo A, vertical, 1990 spud, 944 bbl), well #2535 (Caddo, vertical, 1996 spud, 881 bbl), and well #714 (Caddo, vertical, 1995 spud, 747 bbl).
The unit was formed in the mid-1970s under modern Texas RRC unit-operating agreement standards, consolidating mineral interests from older Caddo leases originally paid out in the 1917-1925 era.
Mineral interests in the Southeast Breckenridge 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) — royalty carved out of a working interest
Non-participating royalty interest (NPRI) — royalty interest with no leasing or development rights
Many Southeast Breckenridge Unit interests trace their original lease bonus payment to the 1917-1925 Breckenridge oil boom era, with current ownership typically having passed through 3-5 generations of heirs.
Buckhead Energy buys mineral rights and royalty interests on the Southeast Breckenridge Unit. Out-of-state owners are common — we handle the entire process remotely with free written offers, deed signed before a notary in your state, and proceeds paid by check or wire once the deed is recorded.
Buckhead provides a free written offer. Our offer comes at no cost and no obligation.
Start Your Free Written OfferGet a fair 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.
Get My Offer Now