Kermit, Wink: ten rigs running in a county of a few thousand people, where Central Basin Platform legacy production sits under active Wolfcamp development.
Winkler County is small, thinly populated, and carrying ten active rigs. That is the whole story in one sentence.
Roughly 2,743 wells produce out of about 18,023 drilled, and 46 permits were approved in the last 90 days on top of ten rigs running. Recent drilling targets Wolfcamp B upper and Wolfcamp A lower over a Central Basin Platform vertical and Pennsylvanian conventional base that goes back generations.
The ratio matters. Heavy current activity on a mature well population means undrilled horizontal locations are a large share of what a Winkler County interest is worth, and an offer derived from your current royalty check assigns those nothing. When we underwrite here, remaining locations by bench with the probability we applied is an explicit line in what we send you.
The same history also left a large number of small, old, fractional interests. Most buyers will not look at those. We have no minimum, we run our own title, and we pay all closing costs. If money is sitting in operator suspense, we will tell you how to claim it and you keep it whether or not you sell.
Basin Oil and Gas, Hilcorp, Blackbeard Operating, and Formentera Partners are the largest producing operators.
Texas has no state income tax, no withholding at closing, and no general forced pooling, and legal descriptions run on abstracts and surveys. Send a check stub or a survey and abstract number.
The historic development, and still the largest share of the well population.
Conventional pays with long, shallow declines.
Modern horizontal targets driving the current rig activity.
Wherever your tract sits in Winkler 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.