Permian Basin
Petroleo’s primary areas of interest are non-producing and producing minerals with upside from full horizontal drilling development. Petroleo has focused mainly on Loving and Winkler counties in Texas and recently expanded their buying efforts into Ward, Reeves and Pecos counties in Texas, as well as Lea and Eddy counties in New Mexico.
Oil Production Increased
87%
Over the Last 5 Years
Oil production in the Permian Basin has increased significantly since 2015. Natural gas production is up 109% over the same time period.
About the Permian Basin
The Permian Basin is one of the oldest and most prolific oil and gas plays in the United States for mineral and royalty interests. Consisting of the Delaware Basin to the West and the Midland Basin to the East.
We buy in the following counties:
Delaware Basin
- Culberson County, TX
- Reeves County, TX
- Loving County, TX
- Winkler County, TX
- Ward County, TX
- Lea County, NM
- Eddy County, NM
Midland Basin
- Howard County, TX
- Martin County, TX
- Midland County, TX
- Reagan County, TX
- Upton County, TX
- Glasscock County, TX