Buy mineral rights in Crockett County Texas

Starting Bid: $135,000

• State : Texas
• County : crockett
• Legal Location : Block 31, various sections
• Net Acres : N/A
• Active Lease : Yes
• Royalty Rate : 12.5%
• Producing : yes
• Average Income : $2,113/Month

Comments:

This is a great opportunity to buy a nice cash flow producing property with diversification under a quality operator.

The owner has an interest in a super unit in Crockett County Texas with multiple vertical wells producing in a super unit.  This production is coming from the South Cross unit operated by Oxy.

The cash flow being generated is averaging $2,113/month and is diversified over multiple wells.   We are not representing a specific number of acres as this acreage is in a super unit under tracts, so it is unclear how many acres are owned.  In addition, the value of this deal is based solely on the cash flow being generated.  No adjustments will be allowed at closing unless mutually agreeable.

Please see the attached images.  The seller currently has past due taxes in Crockett TX that amount to $3,782 as of 1/20/2025.  The seller understands that this amount will be deducted from their proceeds at closing, and the buyer will pay off the taxes after closing.

The starting bid for the Crockett ownership is $135,000.  All bids should be based on cash flow alone.

Additional ownership in Hood & Johnson TX:

The seller has additional ownership in Johnson TX and Hood TX.   These mineral rights are generating around $200/month.  These mineral rights are not included in the listing with a starting bid of $135,000.  However, the seller is open to entertaining offers of $11,000+ on this acreage.  Please make a separate bid for this acreage if you are interested.   The files and information available for this acreage are included in the files.

For this listing, we are requiring the following:

1. 1. Special Warranty Deed
   2. 30 Day Close
   3.  No adjustments allowed to purchase price unless mutually agreeable.  The value is based upon the cash flow alone.
   4. 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.   
   5. Buyer must close within 14 days or sign our qualified buyer agreement.

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

Download Files

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.