Seminole, Seagraves, Loop: 66 permits in 90 days over the Central Basin Platform, where waterflood units and unit participation factors decide what your interest actually pays.
Gaines County is Central Basin Platform country: roughly 18,921 wells drilled, about 5,616 producing, with 66 permits approved in the last 90 days and two rigs running. Occidental, Hilcorp, Mach Natural Resources, and Crescent Energy are the largest producing operators.
The thing that decides value here is unitization. Much of the platform development runs through secondary and tertiary recovery units, waterfloods and CO2 floods, and inside a unit your share flows through a tract participation factor set by the unit agreement rather than through your net mineral acres. Two owners with identical acreage inside and outside a unit boundary can receive very different revenue.
So the unit agreement is the operative document on a Gaines County interest, and any buyer quoting you a number without reading it is estimating rather than valuing. We read it and show you the arithmetic.
This is more a long, stable production tail than a drilling story, and we price it as one rather than attaching a development premium that the permit count does not support. That is a legitimate asset with a real number behind it.
Texas has no state income tax, so there is no state tax on your gain and nothing withheld at closing, and Texas legal descriptions run on abstracts and surveys rather than section, township and range.
Send a division order, a check stub, or a survey and abstract, and we will tell you which unit you are in and what your participation factor is doing.
The dominant historic development, and still the largest well population.
Shallower shelf production across the county.
The eastern edge of the county catches Midland Basin section.
Additional conventional pays with long production histories.
Wherever your tract sits in Gaines County, we will research it free and value it with the work shown.
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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.