# Sell Central Basin Platform Mineral Rights | Andrews, Ector, Crane, Lea | Berlin Royalties > Sell Central Basin Platform mineral rights in Andrews, Ector, Crane, Pecos, Gaines, Ward and Winkler County Texas and Lea County New Mexico. 42,634 producing wells, CO2 floods, and why an income multiple misprices them. Source: https://www.berlinroyalties.com/texas/central-basin-platform/ Publisher: Berlin Royalties, a veteran-owned oil and gas mineral and royalty buyer in Tulsa, Oklahoma, buying for its own account since 2014. Call or text 918-984-1645. License: free to quote and cite with attribution to Berlin Royalties and a link to the source URL. Where We Buy · Texas & New Mexico · Central Basin Platform ## Sell your Central Basin Platform mineral rights. 42,634 wells are producing on the Central Basin Platform, the second largest well population of any play in America, and only ten rigs are running. This is the old Permian between the Midland and the Delaware, and it is the most systematically underpriced mineral acreage we see anywhere. [Get a Free Valuation](https://www.berlinroyalties.com/free-valuation/) or call or text [918-984-1645](tel:9189841645) The Central Basin Platform sits between the Midland Basin and the Delaware Basin, and it holds **42,634 producing wells**, the second largest well population of any play in the United States. **Ten rigs are running on it.** Those two numbers together are the whole story, and they are why we think this is the most systematically underpriced mineral acreage in the country. ## Old is not the same as finished This is where the Permian began. The shallow San Andres, Grayburg and Clear Fork carbonates have been produced since the 1920s, waterflooded since the 1950s, and injected with CO2 for decades since. New drilling went east and west because the Midland and Delaware have thick shale that pays for a horizontal well. What stayed here is an enormous population of **long lived, very slowly declining wells** and an enormous population of mineral owners that essentially no buyer writes anything for. | County | Producing wells | Rigs | | **Andrews, TX** | 9,466 | 1 || **Lea, NM** | 7,299 | || Ector, TX | 6,319 | || Crane, TX | 6,019 | **5** || Pecos, TX | 4,291 | || Gaines, TX | 3,625 | 1 || Ward, TX | 2,523 | || Winkler, TX | 2,091 | 3 | ## Why an income multiple misprices a flat stream Almost every offer you receive is a multiple of your last twelve months of income. That multiple exists to compensate the buyer for **decline**: the well pays less every year, so the buyer discounts accordingly. On a waterflooded or CO2 flooded carbonate, much of that decline is not happening. Some flood units hold production flat for years. Some increase it. So the mechanism that justifies the multiple has been removed, and the multiple stays anyway. That is not a rounding error. On a genuinely flat stream, the difference between pricing it as a declining asset and pricing it as an annuity is very large, and it always runs in the buyer's favour. **Ask any buyer, including us, what decline rate they applied.** If your acreage is inside an active flood unit and the answer is a standard curve, they have priced a different asset than the one you own. ## The CO2 question specifically Kinder Morgan operates roughly **3,175 wells** here and Occidental about 3,428, and both run large CO2 enhanced recovery operations across the Platform. Hilcorp is the largest operator overall at roughly 5,342 wells. If your tract sits inside an active flood, your interest has a characteristic no standard model expects: production that may rise. Nothing in a mailed offer accounts for that, because a mailed offer never looked at your unit. ## The flank tracts Where the Platform grades into the Midland Basin on the east or the Delaware on the west, there is horizontal Wolfcamp and Spraberry section under acreage that everyone involved treats as shallow carbonate. Owners on those flanks frequently hold two assets and know about one. We will tell you which side of that line you are on, free, whether or not you ever sell us anything. ## Where to go next - [Andrews](https://www.berlinroyalties.com/texas/andrews-county/), [Ector](https://www.berlinroyalties.com/texas/ector-county/), [Crane](https://www.berlinroyalties.com/texas/crane-county/), [Winkler](https://www.berlinroyalties.com/texas/winkler-county/), [Ward](https://www.berlinroyalties.com/texas/ward-county/), [Pecos](https://www.berlinroyalties.com/texas/pecos-county/) and [Gaines](https://www.berlinroyalties.com/texas/gaines-county/) Counties, and [Lea County, New Mexico](https://www.berlinroyalties.com/new-mexico/lea-county/) - [The Midland Basin](https://www.berlinroyalties.com/texas/midland-basin/) to the east and the [Delaware Basin](https://www.berlinroyalties.com/texas/delaware-basin/) to the west - [The Permian Basin](https://www.berlinroyalties.com/texas/permian-basin/) overall - [Unclaimed royalties](https://www.berlinroyalties.com/unclaimed-royalties/) and the [royalty statement decoder](https://www.berlinroyalties.com/royalty-statement-decoder/), both of which matter more here than almost anywhere - [How mineral rights are valued](https://www.berlinroyalties.com/mineral-rights-value/) and [when not to sell](https://www.berlinroyalties.com/when-not-to-sell/) Well, rig and operator counts are sourced from Enverus and current as of August 2026. Berlin Royalties is a mineral buyer and a landman shop in Tulsa, not a law firm or a tax advisor, and this page is general information rather than advice about your interest. Drilling Activity · Updated 2026-08-17 ## What's happening in Central Basin Platform right now Active Rigs 306 In the counties where we buy. Permits, Last 90 Days 2100 New drilling permits in our counties. Completions, Last 90 Days 106 New wells turned to sales. Statewide totals for Central Basin Platform. Source: Enverus, as of 2026-08-17. Rigs are currently active; permits are those approved in the last 90 days; completions are wells reporting first production in the last 90 days, which lags reporting by state. Activity like this moves mineral value. If it is happening near you, find out what your interest is worth before you take anyone's offer. Formations & Plays ## What produces on the Platform ### San Andres The shallow carbonate that built West Texas. Drilled since the 1920s, waterflooded since the 1950s, and now the target of CO2 enhanced recovery across much of the Platform. Long lived and very slow to decline. ### Grayburg and Clear Fork The other shallow carbonate pay above and below the San Andres. Together these account for most of the Platform's enormous well count. ### Devonian, Fusselman and Ellenburger The deeper carbonates. Older development, lower well counts, and still producing across Crane, Ward and Winkler. ### Wolfcamp and Spraberry, on the flanks Where the Platform grades into the Midland Basin on the east and the Delaware on the west, horizontal shale rights sit under acreage most owners think of as strictly shallow. On flank tracts this is the value nobody mentions. Counties ## Where we're most active [Andrews County](https://www.berlinroyalties.com/texas/andrews-county/) [Ector County](https://www.berlinroyalties.com/texas/ector-county/) [Crane County](https://www.berlinroyalties.com/texas/crane-county/) [Winkler County](https://www.berlinroyalties.com/texas/winkler-county/) [Ward County](https://www.berlinroyalties.com/texas/ward-county/) [Pecos County](https://www.berlinroyalties.com/texas/pecos-county/) [Gaines County](https://www.berlinroyalties.com/texas/gaines-county/) [Lea County, New Mexico](https://www.berlinroyalties.com/new-mexico/lea-county/) Upton Crockett Andrews County has the largest share at roughly 9,466 producing wells, then Lea County New Mexico at 7,299, Ector at 6,319 and Crane at 6,019. Crane has five of the play's ten rigs and Winkler three. ### The Texas mineral owner's guide Everything a Texas owner needs in one place: who owns what under state law, how royalties must be paid and by when, what a buyer can and cannot deduct, the tax treatment of a sale, and the deadlines that quietly cost people their minerals. Free, and no sign-up. [Read the Texas guide](https://www.berlinroyalties.com/guide/texas/) [Every oil and gas operator in Texas](https://www.berlinroyalties.com/operators/texas/), with contact information, refreshed from the state regulator. Free to search, and useful whether or not you ever sell anything. Questions ## Straight answers for Central Basin Platform owners Why does the Central Basin Platform have 42,634 producing wells and only ten rigs? Because it was developed first and it is still producing. This is where the Permian started in the 1920s, and the shallow San Andres, Grayburg and Clear Fork carbonates have been produced, waterflooded and now flooded with CO2 for a century. New drilling moved east to the Midland Basin and west to the Delaware because those plays have thick shale that responds to horizontal wells. What stayed behind is an enormous population of long lived, slowly declining wells, and an enormous population of mineral owners that almost no buyer writes anything for. My Platform royalty is small and it has barely changed in twenty years. What is it worth? Probably more than a multiple of it suggests, and the reason is the shape of the stream rather than its size. A shallow carbonate well under waterflood or CO2 flood declines very slowly, and some of them do not decline at all for long stretches. The correct way to price that is a discount rate applied to a long, predictable stream. A multiple of last year's income is a crude proxy that systematically underpays for flatness, because the whole point of the multiple is to compensate for decline that is not happening here. Ask any buyer what decline rate they assumed. On a flooded San Andres interest the honest answer is often close to nothing. What is a CO2 flood and why does it matter to me? It is enhanced oil recovery: carbon dioxide is injected into an old field to mobilize oil that waterflooding left behind. Kinder Morgan operates roughly 3,175 wells on the Platform and is the largest CO2 flood operator in the region, with Occidental also holding a very large position. It matters to you for one specific reason. A CO2 flood can hold a field's production flat or increase it for decades, which is the opposite of what every valuation model assumes about an old well. If your acreage is inside an active flood unit, an offer built on standard decline curves is not slightly wrong. It is wrong in a direction that costs you a great deal. Who operates on the Central Basin Platform? Hilcorp is the largest by producing well count at roughly 5,342, then Occidental at 3,428 and Kinder Morgan at 3,175. Behind them: Blackbeard Operating with about 2,583, Crescent Energy with 2,225, Two P Partners with 1,533, Southwest Royalties with 1,483 and Mach Natural Resources with 1,480. That is a very different operator list from the Midland or Delaware, and it is worth knowing which one you are dealing with, because these companies buy and sell legacy Permian packages frequently and your payor may change without your interest changing at all. My check stopped. Does that mean my Platform well is dead? Not necessarily, and on the Platform this is worth checking carefully before you conclude anything. The Texas minimum payment threshold lets amounts under one hundred dollars be held until they accumulate, which catches a lot of small shallow interests. A change of payor puts interests in suspense, and the Platform has seen heavy consolidation. An unprobated death in the chain will do it too. Send us the last statement you received and we will tell you which of those it is, free, and how to recover money sitting in suspense that belongs to you whether or not you ever sell anything to us. Do I have horizontal rights I do not know about? If your tract is on the eastern or western flank of the Platform, quite possibly. Where the Platform grades into the Midland Basin or the Delaware, Wolfcamp and Spraberry section sits beneath acreage that owners and buyers alike think of as strictly shallow carbonate. That is a real and separate asset from your San Andres royalty and it should be priced separately. We will tell you which side of that line your tract sits on, free. Free Valuation ## Find out what your Central Basin Platform minerals are worth. Free, no obligation, and no pressure. We reply within one business day, usually faster. Prefer the phone? Call or text [918-984-1645](tel:9189841645) and you will get Stephen, the owner, not a call center. If we miss you, we text back the same day. Your Name Phone Number Email Address Where are your minerals located? OklahomaTexasNew MexicoLouisiana ArkansasKansasNorth DakotaMontana WyomingColoradoUtahCalifornia West VirginiaOhioPennsylvaniaKentucky MichiganMississippiAlabamaAlaska Sand/Gravel/AggregateOther / Not sure County (if known) Interest type Select an option Minerals and Royalties Working Interest Overriding Royalty Interest An Entity (LLC, Partnership, Trust) Not Sure Are you currently receiving royalty checks? Select an option Yes No I Used To But They Stopped Not Sure Have you received offers for your minerals before? Select an option Yes No What best describes your situation? Select an option I'm ready to sell now I'm exploring my options I'm just curious what they're worth Anything else? 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