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Client Reviews
San Augustine, TX
I am so grateful for the guidance during the process of selling my mineral rights. This was a huge decision! Eric and his team are top notch professionals, answering any and all concerns/questions along the way. I would definitely recommend Texas Royalty Brokers!
Anderson, TX
I went into the listing and sale of mineral rights knowing nothing! TRB made the process easy. They explained every step of the process with frequent updates and were patient and prompt in answering any questions. I could not have navigated this process without them. I am truly grateful for their help and highly recommend TRB for anyone looking to sell their mineral rights.
Harrison, TX
I dealt with Emily and she did a wonderful job. She did research for me into the value of mineral rights and gave me the option to sell through them or to wait. I choose to hold on to my mineral rights for the time being but had a great experience working with her. I would definitely recommend to anyone needing help with their oil and gas mineral rights to give her a call.
Anderson, TX
They have great communication throughout the whole process. They are thorough in answering questions and are quick to respond. I am very satisfied with the service I received and will use them again.
Loving, TX
My sister and I had inherited some mineral rights from our mother’s estate, and we didn’t know where to begin. Emily and Eric both answered every question, gave us all the guidance we needed and we walked away with an offer/sale that was well above any that had been offered before. I would highly recommend Texas Royalty Brokers!
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Listing Title
Reeves County Texas Mineral Rights for Sale
Listing ID
401166
Listing Status
sold
- 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.
Listing Maps
Listing Files
Please click the download button below to view the listing files. Listing files include maps, check stubs, and other documentation.
Listing Details
Starting Bid: $175,000
- State : Texas
- County : reeves
- Legal Location : Lots 9 and 16, Section 18, Block 55, T4S
- Net Acres : 10
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : $3,233/Month
Comments:
Update: 12/15/2023
Sold
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Update: 11/21/2023
Under Contract
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Update: 11/17/2023
Best and Final bids are due by end of day on Tuesday, November 21st.
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Update: 11/14/2023
All bids due by Friday, November 17th at Noon.
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Important: Acreage is mineral classified status.
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This is an opportunity to buy some nice PDP acreage in Reeves County Texas.
The Laramie wells are operated by Andarko/Oxy, and represent the bulk of the royalty income. A number of wells were drilled in April 2021. The owner is also being paid for the Wendy State by Devon. The Wendy State ownership overlaps with the Laramie State wells.
This acreage is mineral classified, and the seller has a total of 10 net mineral acres / net royalty acres. Due to this being mineral classified, the land would also be included in the sale as required by law.
According to DI, we are showing another potential well, the Laramie State 22H, which is in drilled status. We can’t confirm whether this is an additional well that was actually drilled or whether DI is just showing incorrect information. If that well is drilled, this represents additional upside for this ownership.
This seller also has some additional ownership in Reeves County, the Johnny Ryall wells under Conoco, which are not included in the sale. The seller is unlikely to sell this acreage as they want to hold onto it for now, but you are of course welcome to throw out an offer for that portion. The average income for the Ryall wells is $6,500/month.
The starting bid price on this acreage is $175,000. This represents just a 4.5 year pay back. While the wells are still somewhat flush production, you also get the surface included on the sale.
All bids should be based upon the cash flow value. No adjustments will be allowed if more or less acreage is owned. This ownership seems pretty clear cut at 10 NMA/NRA.
To view/download the listing files, please visit the link below:
We will begin accepting offers on Tuesday, November 14th.
All buyers are required to either do a 14 day close, make a $5,000 deposit, or sign our qualified buyer agreement once a deal has been verbally agreed upon.
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.
We have other mineral rights for sale.
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.
Accepting Offers on 11/14/2023