Borden County Texas Mineral Rights for Sale

Starting Bid: $375,000

• State : Texas
• County : borden
• Legal Location : Multiple locations, please see the attached files.
• Net Acres : 197
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $5,815/Month

Comments:

Update:  11/17/2023

Sold

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Update:  11/2/2023

Under Contract

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Update: 10/30/2023

Buyers can now submit their best and final offers until end of day, Wednesday, November 1st.   *Important*:  On this listing, we are representing $5,815/month in royalty income.  The owner just provided their most recent October 2023 check stubs.  In October 2023, the income was $6,927 which is a very solid increase in royalty income.  The updated check stubs are attached to the listing.

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Update:  10/24/2023

We are going to leave the initial round of bidding open until Friday, October 27th. For those buyers who submit a bid prior to that deadline, we will provide best and final feedback early next week.

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This listing is an opportunity to purchase stable royalty income with significant upside potential in Borden County / Dawson County.

This ownership is mostly royalty interest, with a small amount of ORRI.  These producing interests fall under more than 15,000 gross acres in two legacy high profit margin Spraberry / Dean waterflood units with shallow declines and significant upside development potential.

Over the last 6 months, the ownership has generated $5,815/month.  During that same time frame, you can see from the attached charts that gas and oil have both been increasing meaning the royalty income is likely to move even higher from here.

There is significant upside potential in this area.  Within the supporting documents, the seller has provided an executive summary along with supporting documents which shows the upside potential for buyers.  This research is thorough and should help mineral buyers streamline the due diligence process on this deal.   The seller has also provided check detail for all 3 operators.  We have broken this out into a separate folder for quicker analysis.

Please note that the seller has other ownership within Borden County and other counties.  What is being conveyed on this sale is only the royalty interests and ORRI’s in the  Jo Mill unit and West Jo Mill unit.  It is the intent of the seller to retain any mineral rights he may own outside of these locations.

We have attached supporting deeds that were available to show how the seller acquired these interests.

The starting bid price for this ownership is $375,000.   When you consider rising commodity prices along with the upside potential, this ownership provides mineral buyers with immediate ROI and strong near term and long term upside.

Notice:  All documentation and detail on this listing was provided by the seller with the exception of the deeds and maps / charts attached.

To view/download the listing files, please visit the link below:

Download Files

We will begin accepting offers on Tuesday, October 24th.

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.