Crane: a Central Basin Platform county where roughly 22,400 wells have been drilled and the modern story is enhanced recovery rather than new horizontal drilling.
Crane County is Central Basin Platform, and it is an enhanced recovery county rather than a horizontal drilling county. Roughly 6,078 wells produce out of about 22,446 drilled, with four rigs running and 35 permits approved in the last 90 days. Blackbeard Operating, Ring Energy, Formentera Partners, and Scout Energy Partners are the largest producing operators.
We say that plainly because it changes the number. Value here sits in a long, stable, shallow declining production tail, not in undrilled inventory, and an offer that implies a Midland Basin style development premium is not being straight with you. A predictable tail is a real asset with a real number attached; it is just a different number.
Unitization is what decides your share. Much of the platform is developed through secondary and tertiary recovery units including CO2 floods, and inside a unit your revenue flows through a tract participation factor in the unit agreement rather than through your net mineral acres. That document is the operative one, and a buyer who has not read it is estimating.
A century of development also left a great many small fractional interests here. Most buyers will not look at them. We will, with no minimum and all closing costs paid.
Texas has no state income tax and nothing is withheld at closing, and legal descriptions run on abstracts and surveys rather than section, township and range.
Send a division order or a check stub and we will tell you which unit you are in.
The dominant historic and current development, including large enhanced recovery units.
Conventional pays with long, shallow declines.
A deeper interval tested across parts of the county.
Deep conventional targets with a long production history.
Wherever your tract sits in Crane County, we will research it free and value it with the work shown.
We buy in every Texas county, including ones without a page here. See the full county index or the Texas overview.
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In a hurry? Our preliminary offer puts a written number in front of you within about two business days and holds it still for 7 while you decide.