Texas · Permian Basin · Delaware & Central Basin Platform

Sell Minerals
in Pecos County,
Texas.

Pecos County is one of the largest counties in Texas, straddling two Permian worlds: the southern Delaware Basin on the west, with active Wolfcamp and Bone Spring development, and the Central Basin Platform on the east, with deep gas and a century of conventional production. If you own minerals here, where they sit changes everything. Whether you want to sell minerals in Pecos County or simply get a clearer picture of what you own, we are happy to help you understand what you have.

Twosettings
Basin Position
Delaware and CBP
~10,000ft
Wolfcamp Depth
western Delaware side
10,000ft
Standard Lateral
with longer pilots
Deepgas
Eastern Plays
plus conventional
TexasRRC
Regulator
Districts 8 and 8A
01 The Basin

Two Permians in
one county.

Pecos County sits in West Texas and is one of the largest counties in the state, big enough to contain two distinct Permian settings. The western part of the county lies in the southern Delaware Basin, where modern Wolfcamp and Bone Spring horizontal development is active. The eastern part lies on the Central Basin Platform, a structural high with a deep conventional history and its own set of plays. That split is the single most important thing to understand about minerals here.

The county seat is Fort Stockton, a historic crossroads town that has been a hub for ranching and oilfield activity for more than a century. Pecos County's oil and gas history runs deep: the Yates field, discovered in the 1920s on the eastern side near the Pecos River, was one of the most prolific conventional fields in Texas history and still produces today. The modern story adds horizontal Delaware development on the west, deep Ellenburger and Devonian gas plays, and the long tail of conventional production that has run continuously across the county for generations.

Pecos is really two counties for a mineral owner. The Delaware side on the west drills modern Wolfcamp and Bone Spring horizontals; the Central Basin Platform side on the east carries deep gas and a century of conventional production.

If you are reading this, you may own a piece of that. Maybe you inherited minerals through a chain that goes back to old West Texas ranching families or original land patents. Maybe you have been receiving royalty checks for decades from a Yates-area well. Maybe an operator just sent you a letter asking to lease unleased acreage on the Delaware side. This page walks through the rock, the operators, the sub-geography of the county, valuation, and the regulatory landscape including the significant role of University Lands.

Starting point

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02 The Rock

From modern shale to
deep conventional.

Pecos County's productive geology depends heavily on which side of the county you are on. The western Delaware side carries the modern Wolfcamp and Bone Spring horizontal targets. The eastern Central Basin Platform side carries deep gas plays and a long conventional history, including the legendary Yates field. Many owners hold a stream that reflects this mix.

Wolfcamp & Bone Springthe western Delaware targets

On the western, Delaware side of Pecos County, the Wolfcamp and Bone Spring are the primary modern unconventional targets, the same stacked-pay column that drives development in neighboring Reeves and Ward counties. Wolfcamp benches and the Bone Spring sands are developed with modern horizontal wells, and activity has extended into western Pecos as operators run programs south out of the Delaware core.

For mineral owners on the western side, this typically means multiple wells per spacing unit drilled over the life of development, with each well a separate revenue stream tied to the same minerals.

Depth Range
8,000 to 12,000 ft
Type
Mudstone, mixed sands
Where Active
Western Pecos
Typical Lateral
10,000 ft, longer pilots
Deep GasEllenburger, Devonian, Woodford

The eastern and central parts of Pecos County host deep gas plays, including the Ellenburger, Devonian, and Woodford intervals. These deep, often high-pressure gas reservoirs have been targeted by both legacy vertical wells and selective modern horizontal programs. The Gomez and adjacent fields produced significant deep gas, and the play continues to attract activity where the economics and infrastructure support it.

For mineral owners, deep gas streams carry their own economics, more sensitive to gas and NGL pricing and to processing costs, which makes lease cost-deduction language especially worth understanding.

Depth Range
12,000 to 20,000+ ft
Type
Deep carbonate and shale gas
Key Intervals
Ellenburger, Devonian
Status
Legacy and selective modern
Conventional & Yates Fieldthe eastern legacy

On the eastern, Central Basin Platform side, Pecos County holds one of the great conventional oil legacies in Texas. The Yates field, discovered in 1926 along the Pecos River, has produced for nearly a century and remains active. Shallow San Andres, Grayburg, and other Permian carbonates produce across this part of the county, often from long-lived vertical wells.

The practical implication for mineral owners is that eastern Pecos minerals may carry decades of steady, mature conventional production rather than modern horizontal upside. Both have value; they are simply valued differently.

Depth Range
1,000 to 4,000 ft
Type
Shallow Permian carbonates
Signature Field
Yates (since 1926)
Status
Mature, long-lived
03 The Operators

Who is drilling on your
Pecos County minerals.

The operator landscape in Pecos County reflects its split geology: modern Delaware drillers on the west, deep gas and conventional operators on the east. The operators below are among the most active, but there are many additional meaningful operators across this very large county.

i.
Apache / APA Corporation
Apache, the operating company of APA Corporation, has a long and significant history in Pecos County, including its high-profile Alpine High play in the southern part of the county targeting the Wolfcamp, Bone Spring, and deeper Barnett and Woodford. Apache remains one of the most consequential operators in the county, and royalty owners across southern Pecos may see the Apache or APA name on division orders.
Public · Alpine High
Top in Pecos
ii.
Kinder Morgan / Legacy Yates Operators
The Yates field and the surrounding conventional production on the eastern side of the county have passed through several operators over the decades. Long-lived conventional fields like Yates are typically held by operators who specialize in mature, long-life assets. Royalty owners on the eastern side may see different names reflecting the field's long ownership history.
Legacy · Conventional core
Mature Yates Field
iii.
Occidental Petroleum (OXY)
Occidental holds one of the largest overall Permian positions and has acreage across parts of Pecos County, including interests built through its history in the basin and the 2019 Anadarko acquisition. OXY is an active developer across West Texas and operates producing wells in the county.
Major · Large Permian
Active Developer
iv.
Private and Mid-Cap Delaware Operators
The western Delaware side of Pecos sees activity from a range of public and private operators running programs south out of the Reeves and Ward core, including mid-cap independents and large private operators. These companies drill Wolfcamp and Bone Spring horizontals where the southern Delaware section remains productive.
Mixed · Western Delaware
Many on West Side
v.
Long Tail of Public and Private Operators
Pecos County has many additional meaningful operators across both its Delaware and Central Basin Platform sides, including deep gas specialists, conventional operators on the eastern carbonates, and majors with scattered positions. Mineral owners may see very different operator names depending on which part of this large county their minerals sit in.
Mixed · Many active
Many Active Operators
See a familiar name?

We know how these operators develop in Pecos County. Happy to give you context on yours.

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04 The Geography

Not all Pecos County
minerals are built the same.

Pecos County covers roughly 4,700 square miles, one of the largest counties in Texas. The west-versus-east split between the Delaware Basin and the Central Basin Platform defines the mineral picture, and within each side, productivity varies meaningfully. Fort Stockton is the county seat. Where in this very large county your minerals sit shapes everything.

Western Pecos / Delaware Side
Western county
The western part of the county lies in the southern Delaware Basin, where Wolfcamp and Bone Spring horizontal development is active. Operators run programs south out of the Reeves and Ward core, and mineral interests here carry modern horizontal upside. This is the most active area for new drilling in the county.
Activity: High Development: Modern horizontal
Alpine High Area
Southern county
The southern part of the county is home to Apache's Alpine High play, which targets the Wolfcamp, Bone Spring, and deeper Barnett and Woodford. Activity here has varied with gas prices given the gassier stream, but the play established a significant resource base. Mineral interests in this area are tied closely to Apache's development decisions.
Activity: Variable Development: Gas-weighted
Fort Stockton / Central
Around the county seat
The central part of the county around Fort Stockton sits at the transition between the Delaware side and the Central Basin Platform. Activity here is mixed, with deep gas plays, scattered conventional production, and the infrastructure hub of Fort Stockton serving operations across the county.
Activity: Mixed Development: Transitional
Eastern Pecos / Yates Area
Along the Pecos River
The eastern side along the Pecos River holds the historic Yates field and surrounding Central Basin Platform conventional production. These are mature, long-lived assets that have produced for decades. Mineral interests here typically carry steady conventional royalty income rather than new horizontal development.
Activity: Mature Development: Long-life conventional
University Lands Acreage
Significant tracts
Pecos County contains a significant amount of University of Texas / Texas A&M University Lands acreage, one of the larger concentrations in West Texas. Mineral interests adjacent to University Lands may interact with University leasing dynamics that differ from purely private acreage. The University Lands system runs its own leasing process.
Activity: Active University leasing Development: Major mineral owner
Deep Gas Fairway
Central and east
Parts of central and eastern Pecos sit over deep Ellenburger and Devonian gas reservoirs, including the legacy Gomez area. These deep, high-pressure gas plays have their own economics and operator base. Activity depends on gas pricing and on the cost of drilling to significant depths.
Activity: Selective Development: Deep gas
05 Your Valuation

What your Pecos County
mineral rights are worth.

Valuation in Pecos County depends heavily on which side of the county your minerals sit. Western Delaware minerals carry modern horizontal upside; eastern Central Basin Platform minerals carry steady conventional income; deep gas interests depend on gas pricing. The four scenarios below cover what we see most often.

01
Producing Minerals with Active Royalty Income
Valued on cash flow plus remaining inventory
If your Pecos County minerals are actively producing, valuation typically starts with the trailing twelve months of royalty income. A buyer applies a multiple based on expected remaining well life, the oil-versus-gas mix of your stream, future drilling potential, and commodity outlook. Western Delaware minerals can carry strong horizontal upside; eastern conventional minerals are valued on long, steady decline.
What shapes the number: which side of the county you are on, well vintage and remaining life, undrilled Wolfcamp and Bone Spring locations on the Delaware side, your stream's oil-gas mix, your royalty rate, the operator, and your lease cost-deduction language.
02
Unleased Minerals in Active Development
Valued on drilling proximity and future potential
Unleased Pecos County minerals on the western Delaware side, particularly near the Reeves and Ward boundaries, are valued on expected development timing and can carry meaningful optionality. Unleased minerals in the deep gas and conventional areas are valued differently, more dependent on gas pricing and on whether a specific play reaches your section.
What shapes the number: nearby permit activity, the operator's recent drilling pace in your area, formation quality and stream beneath your specific section, comparable lease bonuses paid on surrounding tracts, and whether the section is part of an operator's near-term drilling plan.
03
Small Fractional Interests & Inherited Positions
Often worth more than expected
Many Pecos County mineral owners hold small fractional interests inherited across multiple generations, often spread across heirs in different states. Some of these trace back to the Yates field boom of the 1920s and the ranching families who held the original surface and minerals. Even small fractional interests can carry meaningful value, whether tied to modern Delaware wells or long-lived conventional production. We pay these interests the same attention as larger ones.
What shapes the number: net mineral acre count, royalty rate if leased, producing status, accumulated unpaid suspense (sometimes meaningful for inherited interests), and whether other heirs holding the same chain are also active.
04
Leased but Not Yet Producing
Valued on lease terms and proximity to activity
If your Pecos County minerals are leased but not yet producing, value depends substantially on the lease terms and how quickly the operator is moving toward drilling. Permian leases typically have three to five year primary terms with extension by production. On the Delaware side, a lease held by an active operator is worth materially more than one held by a passive leaseholder; on the gas side, timing depends heavily on commodity outlook.
What shapes the number: your royalty rate, primary term expiration, the specific operator holding the lease, recent drilling activity in adjacent spacing units, and whether your lease has a Pugh clause or similar acreage-protection language.
Your specific situation

We would rather look at real facts than speak in generalities. Send us what you have.

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06 The Regulatory Landscape

Texas rules,
Permian realities.

Pecos County operates under the Texas oil and gas regime, administered primarily by the Texas Railroad Commission. The on-the-ground realities reflect the significant role of University Lands as a mineral owner in the county, the long history of Texas common law on mineral and royalty issues, and the practical workings of both the modern Delaware play and the legacy Central Basin Platform fields.

The Texas Railroad Commission and how spacing works

The Texas Railroad Commission (RRC) regulates oil and gas activity in Texas. Pecos County is large enough to span RRC Districts 8 and 8A, which cover the Permian. The RRC permits wells, conducts hearings on spacing and pooling, and maintains the public well database. Texas uses field rules that vary by reservoir, and modern horizontal development on the Delaware side typically uses larger units that match two-mile or longer laterals, while the legacy conventional fields operate under their own established field rules.

University Lands and institutional minerals

The University of Texas / Texas A&M University Lands system is one of the largest mineral owners in West Texas, and Pecos County contains a significant concentration of University Lands acreage. University Lands acreage is leased through a separate process and is held to fund the Permanent University Fund. If your minerals are adjacent to or interspersed with University Lands, the University leasing dynamics may affect timing of nearby drilling.

Texas mineral law and cost deductions

Texas common law treats the marketable-product question differently depending on lease language. Many older Texas leases allow post-production cost deductions for gathering, processing, transportation, and compression. This matters in Pecos given the deep gas and gassier western streams, which can carry meaningful processing costs. Newer leases sometimes include cost-free royalty or "no deductions" language. Reading your specific lease's royalty and cost-allocation language carefully matters in Texas.

Pooling, allocation wells, and PSA wells

Texas does not have compulsory pooling in the same way some other states do, which has led to creative legal structures for horizontal wells that cross multiple tracts. "Allocation wells" and "production sharing agreement wells" are increasingly common on the Delaware side. These structures affect how royalty is allocated to mineral owners along the lateral. Understanding which structure your wells use is worth the time.

07 Questions We Hear Often

The real questions
mineral owners ask.

We have been through these conversations hundreds of times. Below are honest answers to the things people actually want to know. For more, see our frequently asked questions.

01
How much are mineral rights worth in Pecos County, Texas?
Pecos County values reflect a county that straddles two distinct Permian settings: the Delaware Basin on the west and the Central Basin Platform on the east. Values vary widely depending on which side of the county your minerals sit, whether they are leased or producing, the operator, your royalty rate, and lease cost-deduction language. The only way to know what your specific minerals are worth is to look at the actual facts. We are happy to do that for you, at no cost and with no obligation to sell.
02
Where is Pecos County in the Permian and why does it matter?
Pecos County sits in West Texas and is one of the largest counties in the state. It spans two Permian settings: the southern Delaware Basin on its western side, where Wolfcamp and Bone Spring development is active, and the Central Basin Platform on its eastern side, with a long conventional history and deeper gas plays. Where your minerals sit inside the county matters enormously because the geology, operators, and stream change across it.
03
I inherited mineral rights in Pecos County but I do not have any documents. What do I do?
You are not alone. This is one of the more common situations we see. Start by gathering anything you do have: old letters from operators, tax statements, probate records, royalty stubs, division orders. The Pecos County Clerk's office in Fort Stockton keeps deed records. The Texas Railroad Commission maintains a public database of wells and operators. We can usually identify what someone owns with just a name and a rough idea of where the minerals are located.
04
Should I sell my Pecos County mineral rights now or hold them?
That depends on your situation. People who hold typically want long-term royalty income, do not need cash for other priorities, and are comfortable with commodity price volatility. People who sell typically want certainty, want to simplify their estate, or want to use the capital for something else. Pecos County's mix of active Delaware development and Central Basin Platform production supports both cases. Neither path is wrong. We can help you think through the tradeoffs without pressure to pick a side.
05
What is the difference between an offer to lease and an offer to buy my minerals?
Leasing gives an operator the right to develop your minerals for a period of time, typically three to five years, with extension if production is established. In exchange you receive a bonus payment per net mineral acre and a royalty percentage on any production. You still own the minerals. Buying transfers ownership entirely, in exchange for a lump sum. After a sale, you no longer own the minerals and you receive no future royalties. Both have their place.
06
My royalty statements have cost deductions. Is that normal in Texas?
It is common in Texas, and whether your specific lease permits which deductions depends entirely on the lease language. Many older Texas leases allow post-production cost deductions for gathering, processing, and transportation. This matters in Pecos because the deeper gas plays and gassier western streams can carry meaningful processing costs. Newer leases sometimes include cost-free royalty language. Reading your lease carefully and checking how the operator is calculating deductions is worth doing. We can help review your statements and lease language together if helpful.
07
How does drilling on University Lands or state acreage affect my situation?
The University of Texas system owns substantial mineral acreage across parts of West Texas, and Pecos County contains significant University Lands acreage. If your minerals are adjacent to University Lands or state acreage, those leasing dynamics may affect timing of nearby drilling. University Lands acreage is leased on different terms than fee minerals. We can help sort out the implications for your specific tract.
08
Can I sell mineral rights I inherited if other family members inherited the same minerals?
Yes, you can sell your undivided fractional interest without needing the other heirs to participate. This is extremely common in Pecos County, where many interests have been subdivided across generations of heirs, often spread across multiple states, some tracing back to the Yates field boom. A good buyer will work with your specific interest, not require you to round up cousins. We do this all the time.
09
How does the sale process actually work?
Step one, we do the research. You send us what you have, we pull Texas Railroad Commission records, we check operator activity in the area, and we build an analysis. Step two, we walk you through what we see and how we arrived at the number, on a call or by email. Step three, if you want to proceed, we handle the mineral deed preparation, you sign at a notary, and funds are wired at close. We move on your timeline. There is no charge for the research and no obligation to sell.
10
Why should I sell to Timberline Minerals specifically?
We are a family-owned office with roots in Montana and Texas. We work across the primary US basins and we are comfortable with Pecos County's split between the southern Delaware Basin and the Central Basin Platform, including Wolfcamp and Bone Spring development, the deeper gas plays, and the Texas Railroad Commission process. We work with mineral interests of all sizes including small fractional positions. Our process is straightforward: we research the tract, share what we find, and make an offer. The decision to sell is yours.

Find out what your
Pecos County minerals
are actually worth.

Send us what you have, or what you think you have. We will pull Texas Railroad Commission records, check operator activity in your section, and walk you through what we see and how we arrived at the number. If it makes sense to go further, we move on your timeline. If not, you have a clearer picture you can take anywhere.

Free · No Obligation · Your Timeline
Market Pulse

Permian status, June 2026

12 month oil production trend
6,627
thousand barrels per day
Latest month
+1(+0.0%)
thousand barrels per day
Month over month
-65(-1.0%)
thousand barrels per day
Year over year