Big Lake, Stiles: nine rigs and 95 permits in 90 days, on four separately developed Wolfcamp benches, over one of the oldest producing structures in West Texas.
Reagan County is where the Permian Basin started. Santa Rita No. 1 came in near Big Lake in 1923 on University of Texas land, which is the reason the Permanent University Fund holds so much West Texas mineral acreage today.
A century later it is still one of the most active counties in the state: nine rigs and 95 permits approved in the last 90 days, fourth in Texas, with roughly 5,510 wells producing out of about 16,825 drilled. Exxon, Crescent Energy, Permian Resources, and Discovery Natural Resources lead the producing operator list.
Recent drilling has targeted Wolfcamp B upper, Wolfcamp A, Wolfcamp B lower, and Wolfcamp D as separate benches. That stack is where offers diverge. A tract with one producing well often supports several more, and an offer computed as a multiple of your current check assigns those locations nothing. We count them by bench and show you the probability we applied.
The first question on any Reagan County tract, though, is ownership. Because of the university lands history, a meaningful share of minerals here are state rather than fee, and those are different assets that convey differently. We establish which you hold before talking about price, free.
Texas runs on abstracts and surveys rather than section, township and range, has no general forced pooling, and has no state income tax, so nothing is withheld from your proceeds at closing.
Send a legal description or a check stub. We will tell you what is under it.
The most drilled benches in the county over the last five years, developed separately.
Co-developed from the same pads.
The deepest bench being targeted here, and the one most often left out of a valuation.
The Santa Rita discovery of 1923 made this county part of Texas oil history and left a very deep conventional well population beneath the shale development.
Wherever your tract sits in Reagan 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.
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 guideEvery oil and gas operator in Texas, with contact information, refreshed from the state regulator. Free to search, and useful whether or not you ever sell anything.
The things owners here most often wish they had read first. All free, none of it gated.
Free, no obligation, and no pressure. We reply within one business day, usually faster.
Prefer the phone? Call or text 918-984-1645 and you will get Stephen, the owner, not a call center. If we miss you, we text back the same day.
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.