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Reeves, TX
My experience working with Texas Royalty Brokers has been exemplary. They exceeded my expectations. Highly recommended.
Reeves, TX
Texas Royalty Brokers did a fantastic job helping us sell our mineral interests. They were extremely knowledgeable, responsive, and transparent throughout the entire process. They explained everything clearly, kept us updated every step of the way, and helped us secure a very fair deal. We felt confident and well represented from start to finish. I highly recommend them.
Shelby, TX
Emily and Eric were extremely helpful throughout the entire process from start to finish. Very good at explaining the process and keeping me updated on where things were. Appreciate their help in making this a smooth and productive transaction!
Leon, TX
Texas Royalty Brokers were very professional and got the job done!
Hats off to Texas Royalty Brokers!!
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.
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Listing Title
ORRI for sale in Upton County
Listing ID
401222
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: $275,000
- State : Texas
- County : upton
- Legal Location : N/2 of Section 29, Block 3, Abstract U29
- Net Acres : 32.98
- Active Lease : Yes
- Royalty Rate : 12.5%
- Producing : yes
- Average Income : N/A
Comments:
Update 3/3/2025:
Sold
_____________________
Update 2/3/2025:
Pending under contract.
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This is a great opportunity to purchase overriding royalty interests in an extremely active area in Upton County.
We believe our client has 32.98 NRA in the north half of abstract U29 in Upton County. In this unit, there is one vertical well producing nominal royalty income. We are not representing a monthly royalty income or check stubs due to the size of royalty income. The value in this ownership really lies in the upside potential.
This area in Upton County is very active. There is a rig next door and multiple nearby DUCs and permits. This presents an excellent opportunity for a buyer to take advantage of this barely HBP property and reap the benefits of any future drilling.
Time Sensitive: The seller currently has multiple offers in hand. The seller is going to move forward with one of the offers in hand unless a better offer comes in before Monday, February 3rd. We are opening this one up for bids on Tuesday, January 28th so if you are interested please submit your bid ASAP once this one opens up for bids. You will need to be at or above the starting bid price on this listing to be competitive.
For this listing, we are requiring the following:
-
- Special Warranty Deed
- 30 Day Close
- Any adjustments over 10% to the purchase price must be mutually agreeable.
- Our closing process included in the PSA, which is: At closing, buyer will provide the mineral deed. The seller will execute the mineral deed and return it to Texas Royalty Brokers. Texas Royalty Brokers will provide buyer with a scanned copy of the deed, and buyer will then wire funds to seller and Texas Royalty Brokers respectively. Once funds are confirmed, Texas Royalty Brokers will overnight the deed to the Buyer.
- Buyer must close within 14 days or sign our qualified buyer agreement.
To view/download the listing files, please visit the link below:
We will begin accepting offers on January 28th, 2025.
All buyers are required to either do a 14 day close or sign our qualified buyer agreement once a deal has been verbally agreed upon. In certain situations, we may require a $5,000 to $10,000 earnest deposit at the sole discretion of Texas Royalty Brokers.
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 1/28/2025