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Lea, NM
Emily and Eric really did a good job guiding us through the process to sell our mineral rights.
They found a buyer quickly, and even though our records were old and scattered, taking longer than usual to document things, they patiently worked with us to complete the sale. They are the best. Ken Flake.
Robertson, TX
Texas Royalty Brokers helped me and my family navigate some tricky inherited minerals. I had great peace of mind using them versus dealing directly with a buyer. Very satisfied experience.
Houston, TX
Texas Royalty Brokers was very helpful to me in evaluating the mineral rights owned by the estate of an old man for whom I am the executor, even though they probably knew very quickly I would not end up as a client.
Stephens, TX
I had the pleasure of working with Texas Royalty Brokers LLC this past month. From the beginning to the very end and everything in between, they were very communicative, responsive and helpful. They explained every part of the process and helped when I needed something. They made the whole process simple and easy. By using Texas Royalty Brokers LLC, I was able to get 2 times the amount I was offered by others or on my own.
Harrison, TX
Eric and Emily are very good at taking care of clients. I found them after researching companies to help me with selling. The reviews I found convinced me to give them an opportunity and I am thankful.
Emily was true to her word from the beginning to the completion. I am so pleased with her that if I choose to sell other property, I will definitely contact her and trust her judgement in my accounts.
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Listing Title
Gaines County Texas Mineral Rights for Sale
Listing ID
401117
Listing Status
sold
This listing is SOLD. Please visit our listings page and set the status filter to “Active” to see currently active listings. If you want to buy mineral rights in Texas, sign up for listing notifications to receive emails when new listings are posted.
- Listing Posted - complete
- Listing Evaluation - complete
- Accepting Offers - complete
- Client Review - complete
- Best and Final - complete
- Under Contract - complete
Please take a moment to learn more about each listing phase.
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This listing is under contract. To protect our client’s privacy, the listing files are no longer available for download.
Listing Details
Starting Bid: $900,000
- State : Texas
- County : gaines
- Legal Location : Various legal locations, see attached.
- Net Acres : 212.6
- Active Lease : Yes
- Royalty Rate : 20%
- Producing : yes
- Average Income : $12,400/month
Comments:
If you have been looking for a cash flowing property this is the one!
The owner of these mineral rights has a large amount of acreage that is almost all producing. This acreage is part of a waterflood and has been a very consistent producer. The wells have already been producing for 10+ years so we are well past the initial decline of an oil and gas well. The mineral rights value on this acreage is based on the current cash flow.
Due the fact these wells are past flush production and consistent producers, the sellers are looking for an approximately 6 year pay back on their existing cash flow. These wells have been producing a very consistent $12,400/month in royalty income. It may fluctuate each month by +/- $500. The last 3 months of check stub detail is attached along with the last few years 1099’s to show how consistent the production has been.
The owner does not have any current offers to sell mineral rights on the table. They are interested in seeing what offers are out there. They are serious sellers. We are allowing a 7 day review period on this listing and will begin accepting offers shortly after.
The mineral owner has exclusively listed with Texas Royalty Brokers. Please do not contact the mineral owner directly. To make a bid or ask questions about this listing, please contact Texas Royalty Brokers using the contact form below. Our team will quickly be in touch.
Exclusitivity Notice
All listings posted at Texas Royalty Brokers are exclusive. The seller has agreed to exclusively sell through our company and will become personally liable if you close a deal directly with the seller. Please direct all offers and communication directly to Texas Royalty Brokers.
