A long-tenured Caddo waterflood unit in southeast Stephens County, Texas — operated by BASA Resources.
Quick answer
County: Stephens County, Texas
Field: Stephens County Regular (RRC catch-all)
Producing formation: Caddo Limestone (Pennsylvanian)
Operator: BASA Resources
Recovery method: waterflood (with selective Caddo Disposal directional re-entries)
The Southeast Breckenridge Unit is one of Stephens County’s established Caddo waterflood units, with per-well rates on the stronger side of the stripper economics typical of the Caddo trend. For county-level context, see the Stephens County activity profile and the Stephens County production distribution, which show aggregates only.
Production comes mainly from vertical Caddo and Caddo A completions, with some Stephens County Regular wellbores.
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 payment typically made by check after 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 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.
Get My Offer Now