Sell Mineral Rights in Big Lake, TX

Big Lake is where Santa Rita No. 1 blew in back in 1923 and effectively started Permian Basin oil development, and Reagan County has been producing in some form ever since.

A hundred years of drilling history means Reagan County acreage often has multiple generations of wellbores stacked on the same tract: old shallow conventional wells from decades past, and now modern Wolfcamp and Spraberry horizontals layered underneath. When the tract desk underwrites a tract near Big Lake, it is usually untangling several eras of development, not only one.

A Century of Layered Development

University Lands has historically held significant acreage in this part of Reagan County, and development there has often moved in coordinated phases as new formations became economical to drill. Private minerals nearby tend to follow a similar pattern, older shallow production giving way to newer horizontal units over time.

Because of that long history, the tract desk pulls well files going back further here than in newer parts of the Permian, since an old lease's pooling language sometimes predates horizontal drilling entirely and needs a careful read before it knows what it actually covers.

Reading Modern Wolfcamp Development Against Old Paper

If a modern horizontal well has been drilled on your unit, the tract desk checks whether it was developed under your family's original lease or a renegotiated one, since royalty percentage and terms can differ meaningfully between the two.

What a Century-Old Interest Is Actually Worth Today

Age alone doesn't determine value, current production does. A century-old mineral interest sitting under an active modern unit can be worth substantially more than its early history would suggest, and the tract desk prices it based on what's producing now, not when the family first acquired it.

Fix the Property Line First

Every review begins with the county record, legal description, ownership fraction, lease position, producing status, wells, units, and paid decimal. Surface location can help find a tract, but it does not prove the mineral interest or participation in nearby development.

Place the Tract in the Producing Context

Formation, field, well vintages, spacing, operator acreage, offsets, permits, and development pace around a subject tract belong in separate evidence lanes. The property's own history carries more weight than activity that does not include the acreage.

Reconcile the Revenue Line

Statements, division orders, unit records, volumes, prices, taxes, deductions, downtime, adjustments, burdens, and decimal changes should reconcile before current revenue or remaining production is projected for the tract.

Write the Conveyance

The written purchase file should identify the right conveyed, county, legal description, fractions or acres, depths, products, wells, units, reservations, effective date, receivables, title standard, adjustment rights, funding, and recording sequence.