The Permian Basin Oil Play
As mineral rights owners ourselves, Phillips Energy Partners understands that your rights are
potentially one of your most valuable assets—that’s why we’re committed to helping you get the
most of out of them.
If you hold mineral rights or royalties in the Permian Basin and are considering selling, we are
always available to answer your questions so that you fully understand your options. And,
should you choose to sell, we will make you a highly competitive and immediate cash offer. That
means instead of receiving payments over time as oil and gas is extracted, you can enjoy a lump
sum regardless of if, or when, your land produces.
The 750,000-square mile Permian Basin extends across West Texas from just south of Odessa
and Midland upward toward Lubbock and into the southeastern portion of New Mexico. First
drilled in 1921, the Permian Basin is one of the most historically prolific areas in the United
States and has accounted for roughly 20% of the nation’s hydrocarbon output.
We have been very active in the Permian Basin since our inception. Seventy percent of our first
fund’s assets were located here, and, since then, we have purchased an additional 16,000 acres
in 15 Permian counties for our second portfolio. We continue to leverage our extensive
experience and industry relationships in the area in order to remain abreast of recent
developments and allowing us to offer full value for any future Permian Basin acquisitions.
Selling Your Permian Basin Rights
If you are considering selling your mineral rights or oil and gas royalties in the Permian Basin
and want to learn more about your wealth potential in this area, contact us or request a free Property Evaluation.