The western frontier of the Basin, where the Delaware sub-basin does its business.
Pecos and Reeves County sit on top of some of the most active drilling in the country, and the town's industrial base is still catching up to it. That gap is the opportunity: acreage, yards, and buildings here trade at a fraction of Midland pricing while serving the same operators. For companies working the Delaware, a Pecos yard cuts a hundred miles of windshield time off every day.
The Delaware sub-basin, the western half of the Permian, is where much of the Basin's drilling activity has shifted, and Reeves County sits in the middle of it. Every crew that services those wells from Midland pays for it in windshield time: Pecos is a hundred miles closer to the work. The highway 285 corridor running north toward Orla and the New Mexico line carries some of the heaviest oilfield traffic in the country, and the yards that serve it are the definition of essential real estate. Housing and lodging in town stay tight for the same reason: the work is here and the infrastructure is still catching up.
Pecos is what Midland's industrial corridors looked like a generation ago: more demand than product, land at a fraction of core-Basin pricing, and operators making do with dirt yards and container offices because there is nothing better to lease. That is exactly the setup where a well-specced building or a stabilized yard earns outsized rent. It is also home turf: the broker behind this Index grew up here and works Reeves County deals directly.
Pecos inventory is being added to the Index. If you're hunting for acreage or a building in Reeves County, or you own property out here and want to know what it's worth, start the conversation. This is home turf.