Midland Basin Mineral Rights

The Midland side of the Permian has been drilled for nearly a century, and that long history is exactly what makes valuing minerals here so specific to the tract.

The Midland Basin covers Midland, Martin, Howard, Glasscock, and Reagan County among others, and it's the shallower, oil-heavier half of the Permian, distinct from the deeper Delaware Basin to the west. This is one of the oldest continuously producing oil regions in Texas, with vertical wells dating back to the 1920s still sitting on the same acreage as modern Wolfcamp and Spraberry horizontals.

That layering of old and new is the single biggest thing to understand about Midland Basin minerals. Your interest may be earning royalty from a legacy vertical well, a modern horizontal, or in a lot of cases, both at once from different wellbores in the same unit.

Oil-Weighted With Strong Modern Development

The Spraberry and Wolfcamp formations have supported extensive horizontal drilling across the Midland Basin for over a decade, and this remains one of the more consistently active parts of the entire Permian. Wells here are oil-weighted with meaningful associated gas and NGLs, and your royalty check moves primarily with crude pricing, with gas and liquids revenue layered on top.

Legacy Vertical Production Still Matters

Because this basin has been developed since the 1920s, a lot of tracts carry decades of vertical well history on top of newer horizontal development. Older vertical wells here tend to produce small, steady volumes at low decline rates, and when we're valuing a mineral interest, we look at the full production history from every wellbore on your tract, not only the most recent horizontal completion.

This layered history is actually a strength when selling, since it gives us more data to work with than a basin with only a few years of production behind it.

Downspacing and Infill Drilling Continue

Operators in the Midland Basin have continued infill drilling in many units, adding additional horizontal wells at tighter spacing than the original development pattern. If your unit has already seen one round of horizontal drilling, that doesn't necessarily mean the development is finished, and we check current permitting activity to see whether additional wells are likely on your specific acreage before quoting a non-producing interest.

Established Infrastructure Supports Consistent Takeaway

Decades of development in and around Midland and Odessa have built out substantial pipeline and processing infrastructure, so takeaway constraints that show up in newer basins are less of a factor here. That established infrastructure generally supports more consistent production and payment on producing interests.

Reading a Multi-Well Division Order

It's common for Midland Basin owners to receive a single division order package that actually covers several wellbores in the same unit, each with its own decimal interest and production line. This can look confusing at first glance, especially if one wellbore was drilled in the 1960s and another completed within the last few years, but each one is really its own contract with its own history. When we evaluate your interest, we break out each wellbore separately rather than treating the package as one blended number, since the older and newer wells often have very different remaining value.

If you're not sure how to read your own division order, send it to us directly. We'll walk through what each line represents before you make any decision about selling.