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Wind Royalties and Lease Payments in Oldham County, Texas

Quick answer

Buckhead Energy buys wind lease payments and wind royalties. Oldham County, Texas has seven operating wind projects with 418 turbines and 888.6 MW of recorded capacity in the county, according to the U.S. Wind Turbine Database (version 9.1, released September 28, 2026).

Wind projects in Oldham County

The projects came online between 2007 and 2019.[1] Two of these projects also have turbines outside Oldham County; the table counts only the turbines in the county.[1] Turbine makers represented in the county: Siemens (232 turbines), Vestas (97 turbines) and GE Wind (87 turbines).[1]

Two of the 418 turbines in the county have no recorded capacity in the database, so the megawatt figures count the rest.[1]

ProjectOnlineTurbines in the countyCapacity in the county (MW)
Spinning Spur 3201597194
Spinning Spur 2201487161
Spinning Spur Wind Ranch201270161
Wildorado200770161
Canadian Breaks201963144.9
Golden Spread Panhandle Wind Ranch20112966.7
Unnamed project (Oldham County)20192Not recorded

Source: U.S. Wind Turbine Database (USGS, ACP, LBNL), version 9.1, released September 28, 2026. Data compiled November 3, 2026.

What the data means for wind lease owners in Oldham County

Turbines at the oldest project in the county have been in place since 2007.[1] Wind power leases generally have terms of 20 to 40 years, often with an option to extend, while a typical utility-scale wind power project has a useful life of 20 years.[2] The newest project here came online in 2019.[1] In royalty arrangements, the developer pays the landowner a percentage of the revenue received from the electricity produced by the turbines.[2] Minimum payments serve as a floor so landowners receive some revenue even when maintenance outages or lower winds cut production in a given year.[2]

Wind leases in Texas

Texas's wind power facility agreement law, Utilities Code Chapter 301, applies only to agreements entered into on or after September 1, 2019; an earlier agreement is governed by the law as it existed before that date.[3]

In Texas, a wind power facility agreement covered by Chapter 301 must make the grantee responsible for removing its facilities, including turbines, substations and buried cable to a depth of at least three feet.[4]

The Texas agreement must also require the grantee to deliver financial assurance for that removal, such as a parent company guaranty, a letter of credit or a bond.[4]

Chapter 301 as amended in 2025 by H.B. 3228 applies only to agreements entered into on or after September 1, 2025; an agreement entered into before that date is governed by the law as it existed immediately before it.[5]

Under a Texas agreement covered by Chapter 301, when ownership of the wind power facilities is transferred, the existing decommissioning financial security stays in place until the landowner receives security that meets the statute.[4]

The five states with the most electricity generation from wind in 2025 were Texas, Iowa, Oklahoma, Kansas and Illinois.[6]

What you sell and what you keep

What Buckhead buys depends on the deal, and Buckhead tells the seller up front which interest it is offering to buy — for example, the payments for the rest of the current lease term, a term easement, or a longer-term interest. A wind lease rents land for a term of years, and wind power leases generally have terms of 20 to 40 years, often with an option for extending the lease.[2] Under a wind lease, the landowner typically keeps the right to continue to grow crops, raise cattle or otherwise use the land outside the project.[2]

Educational information only — not legal, tax, or investment advice. The figures are public reference data, not a valuation or appraisal of any interest. Consult a qualified attorney, CPA, or landman about your specific situation.

Frequently asked questions

How many wind projects are in Oldham County, Texas?

Oldham County, Texas has seven operating wind projects with 418 turbines and 888.6 MW of recorded capacity in the county, according to the U.S. Wind Turbine Database (version 9.1, released September 28, 2026).[1] Two of the 418 turbines in the county have no recorded capacity in the database, so the megawatt figures count the rest.[1]

Which wind projects operate in Oldham County?

The projects are Spinning Spur 3 (2015, 194 MW), Spinning Spur 2 (2014, 161 MW), Spinning Spur Wind Ranch (2012, 161 MW), Wildorado (2007, 161 MW), Canadian Breaks (2019, 144.9 MW), Golden Spread Panhandle Wind Ranch (2011, 66.7 MW) and Unnamed project (Oldham County) (2019).[1]

Can I sell wind lease payments or royalties in Oldham County?

Buckhead Energy buys wind lease payments and wind royalties. What Buckhead buys depends on the deal, and Buckhead tells the seller up front which interest it is offering to buy — for example, the payments for the rest of the current lease term, a term easement, or a longer-term interest.

When did wind projects in Oldham County come online?

Of the projects with a recorded year, one came online in the 2000s and six in the 2010s.[1] Wind power leases generally have terms of 20 to 40 years, often with an option to extend, while a typical utility-scale wind power project has a useful life of 20 years.[2]

Which nearby Texas counties also have wind projects?

Nearby Texas counties with wind projects include Potter County (11.5 MW), Deaf Smith County (331 MW), Hartley County (4.2 MW), Randall County (166.9 MW) and Castro County (575.7 MW).[1]

What does Texas law say about wind leases?

Texas's wind power facility agreement law, Utilities Code Chapter 301, applies only to agreements entered into on or after September 1, 2019; an earlier agreement is governed by the law as it existed before that date.[3] In Texas, a wind power facility agreement covered by Chapter 301 must make the grantee responsible for removing its facilities, including turbines, substations and buried cable to a depth of at least three feet.[4]

Related pages

Wind Royalties and Lease Payments in Texas

Selling Wind Royalties and Wind Lease Payments

Oil and gas mineral rights in Oldham County, Texas

Mineral rights in Texas

Wind Royalties and Lease Payments in Potter County

Wind Royalties and Lease Payments in Deaf Smith County

Wind Royalties and Lease Payments in Hartley County

Wind Royalties and Lease Payments in Randall County

Wind Royalties and Lease Payments in Castro County

Sources

[1] U.S. Wind Turbine Database (version 9.1, released September 28, 2026) — U.S. Geological Survey, American Clean Power Association and Lawrence Berkeley National Laboratory (accessed November 1, 2026)

[2] New York Wind Energy Guide for Local Decision Makers: Land Agreements — New York State Energy Research and Development Authority (NYSERDA) (accessed November 1, 2026)

[3] H.B. 2845 (86th Legislature, 2019), enrolled: wind power facility agreements — Texas Legislature (accessed November 3, 2026)

[4] Texas Utilities Code, Chapter 301: Wind Power Facility Agreements — Texas Legislature (accessed November 1, 2026)

[5] H.B. 3228 (89th Legislature, 2025), enrolled: wind and solar power facility lease provisions — Texas Legislature (accessed November 3, 2026)

[6] Wind explained: Where wind power is harnessed — U.S. Energy Information Administration (accessed November 1, 2026)

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